test

8 No RB , , it PRP was VBD n't RB Black NNP Monday NNP . . 
40 But CC while IN the DT New NNP York NNP Stock NNP Exchange NNP did VBD n't RB fall VB apart RB Friday NNP as IN the DT Dow NNP Jones NNP Industrial NNP Average NNP plunged VBD 190.58 CD points NNS -- : most JJS of IN it PRP in IN the DT final JJ hour NN -- : it PRP barely RB managed VBD to TO stay VB this DT side NN of IN chaos NN . . 
31 Some DT `` `` circuit NN breakers NNS '' '' installed VBN after IN the DT October NNP 1987 CD crash NN failed VBD their PRP$ first JJ test NN , , traders NNS say VBP , , unable JJ to TO cool VB the DT selling NN panic NN in IN both DT stocks NNS and CC futures NNS . . 
35 The DT 49 CD stock NN specialist NN firms NNS on IN the DT Big NNP Board NNP floor NN -- : the DT buyers NNS and CC sellers NNS of IN last JJ resort NN who WP were VBD criticized VBN after IN the DT 1987 CD crash NN -- : once RB again RB could MD n't RB handle VB the DT selling NN pressure NN . . 
26 Big JJ investment NN banks NNS refused VBD to TO step VB up IN to TO the DT plate NN to TO support VB the DT beleaguered JJ floor NN traders NNS by IN buying VBG big JJ blocks NNS of IN stock NN , , traders NNS say VBP . . 
17 Heavy JJ selling NN of IN Standard NNP & CC Poor NNP 's POS 500-stock JJ index NN futures NNS in IN Chicago NNP relentlessly RB beat VBD stocks NNS downward RB . . 
30 Seven CD Big NNP Board NNP stocks NNS -- : UAL NNP , , AMR NNP , , BankAmerica NNP , , Walt NNP Disney NNP , , Capital NNP Cities\/ABC NNP , , Philip NNP Morris NNP and CC Pacific NNP Telesis NNP Group NNP -- : stopped VBD trading VBG and CC never RB resumed VBD . . 
6 The DT finger-pointing NN has VBZ already RB begun VBN . . 
7 `` `` The DT equity NN market NN was VBD illiquid JJ . . 
36 Once RB again RB -LCB- -LRB- the DT specialists NNS -RCB- -RRB- were VBD not RB able JJ to TO handle VB the DT imbalances NNS on IN the DT floor NN of IN the DT New NNP York NNP Stock NNP Exchange NNP , , '' '' said VBD Christopher NNP Pedersen NNP , , senior JJ vice NN president NN at IN Twenty-First NNP Securities NNP Corp NNP . . 
25 Countered VBD James NNP Maguire NNP , , chairman NN of IN specialists NNS Henderson NNP Brothers NNP Inc. NNP : : `` `` It PRP is VBZ easy JJ to TO say VB the DT specialist NN is VBZ n't RB doing VBG his PRP$ job NN . . 
16 When WRB the DT dollar NN is VBZ in IN a DT free-fall NN , , even RB central JJ banks NNS ca MD n't RB stop VB it PRP . . 
17 Speculators NNS are VBP calling VBG for IN a DT degree NN of IN liquidity NN that WDT is VBZ not RB there RB in IN the DT market NN . . '' '' 
28 Many JJ money NN managers NNS and CC some DT traders NNS had VBD already RB left VBN their PRP$ offices NNS early RB Friday NNP afternoon NN on IN a DT warm JJ autumn NN day NN -- : because IN the DT stock NN market NN was VBD so RB quiet JJ . . 
42 Then RB in IN a DT lightning NN plunge NN , , the DT Dow NNP Jones NNP industrials NNS in IN barely RB an DT hour NN surrendered VBD about RB a DT third JJ of IN their PRP$ gains NNS this DT year NN , , chalking VBG up RP a DT 190.58-point JJ , , or CC 6.9 CD % NN , , loss NN on IN the DT day NN in IN gargantuan JJ trading NN volume NN . . 
15 Final-hour JJ trading NN accelerated VBD to TO 108.1 CD million CD shares NNS , , a DT record NN for IN the DT Big NNP Board NNP . . 
13 At IN the DT end NN of IN the DT day NN , , 251.2 CD million CD shares NNS were VBD traded VBN . . 
8 The DT Dow NNP Jones NNP industrials NNS closed VBD at IN 2569.26 CD . . 
23 The DT Dow NNP 's POS decline NN was VBD second JJ in IN point NN terms NNS only RB to TO the DT 508-point JJ Black NNP Monday NNP crash NN that WDT occurred VBD Oct. NNP 19 CD , , 1987 CD . . 
33 In IN percentage NN terms NNS , , however RB , , the DT Dow NNP 's POS dive NN was VBD the DT 12th-worst JJ ever RB and CC the DT sharpest JJS since IN the DT market NN fell VBD 156.83 CD , , or CC 8 CD % NN , , a DT week NN after IN Black NNP Monday NNP . . 
9 The DT Dow NNP fell VBD 22.6 CD % NN on IN Black NNP Monday NNP . . 
37 Shares NNP of IN UAL NNP , , the DT parent NN of IN United NNP Airlines NNP , , were VBD extremely RB active JJ all DT day NN Friday NNP , , reacting VBG to TO news NN and CC rumors NNS about IN the DT proposed VBN $ $ 6.79 CD billion CD buy-out NN of IN the DT airline NN by IN an DT employee-management JJ group NN . . 
28 Wall NNP Street NNP 's POS takeover-stock JJ speculators NNS , , or CC `` `` risk NN arbitragers NNS , , '' '' had VBD placed VBN unusually RB large JJ bets NNS that IN a DT takeover NN would MD succeed VB and CC UAL NNP stock NN would MD rise VB . . 
24 At IN 2:43 CD p.m. RB EDT NNP , , came VBD the DT sickening JJ news NN : : The DT Big NNP Board NNP was VBD halting VBG trading VBG in IN UAL NNP , , `` `` pending VBG news NN . . '' '' 
26 On IN the DT exchange NN floor NN , , `` `` as RB soon RB as IN UAL NNP stopped VBD trading VBG , , we PRP braced VBD for IN a DT panic NN , , '' '' said VBD one CD top JJ floor NN trader NN . . 
13 Several JJ traders NNS could MD be VB seen VBN shaking VBG their PRP$ heads NNS when WRB the DT news NN flashed VBD . . 
28 For IN weeks NNS , , the DT market NN had VBD been VBN nervous JJ about IN takeovers NNS , , after IN Campeau NNP Corp. NNP 's POS cash NN crunch NN spurred VBD concern NN about IN the DT prospects NNS for IN future JJ highly RB leveraged JJ takeovers NNS . . 
22 And CC 10 CD minutes NNS after IN the DT UAL NNP trading NN halt NN came VBD news NN that IN the DT UAL NNP group NN could MD n't RB get VB financing NN for IN its PRP$ bid NN . . 
12 At IN this DT point NN , , the DT Dow NNP was VBD down RB about RB 35 CD points NNS . . 
4 The DT market NN crumbled VBD . . 
22 Arbitragers NNS could MD n't RB dump VB their PRP$ UAL NNP stock NN -- : but CC they PRP rid VBD themselves PRP of IN nearly RB every DT `` `` rumor NN '' '' stock NN they PRP had VBD . . 
47 For IN example NN , , their PRP$ selling NN caused VBD trading NN halts NNS to TO be VB declared VBN in IN USAir NNP Group NNP , , which WDT closed VBD down RB 3 CD 7\/8 CD to TO 41 CD 1\/2 CD , , Delta NNP Air NNP Lines NNP , , which WDT fell VBD 7 CD 3\/4 CD to TO 69 CD 1\/4 CD , , and CC Philips NNP Industries NNP , , which WDT sank VBD 3 CD to TO 21 CD 1\/2 CD . . 
5 These DT stocks NNS eventually RB reopened VBD . . 
24 But CC as IN panic NN spread VBD , , speculators NNS began VBD to TO sell VB blue-chip JJ stocks NNS such JJ as IN Philip NNP Morris NNP and CC International NNP Business NNP Machines NNP to TO offset VB their PRP$ losses NNS . . 
28 When WRB trading NN was VBD halted VBN in IN Philip NNP Morris NNP , , the DT stock NN was VBD trading VBG at IN 41 CD , , down RB 3 CD 3\/8 CD , , while IN IBM NNP closed VBD 5 CD 5\/8 CD lower JJR at IN 102 CD . . 
24 Selling NN snowballed VBD because IN of IN waves NNS of IN automatic JJ `` `` stop-loss JJ '' '' orders NNS , , which WDT are VBP triggered VBN by IN computer NN when WRB prices NNS fall VBP to TO certain JJ levels NNS . . 
17 Most JJS of IN the DT stock NN selling NN pressure NN came VBD from IN Wall NNP Street NNP professionals NNS , , including VBG computer-guided JJ program NN traders NNS . . 
17 Traders NNS said VBD most JJS of IN their PRP$ major JJ institutional JJ investors NNS , , on IN the DT other JJ hand NN , , sat VBD tight RB . . 
38 Now RB , , at IN 3:07 CD , , one CD of IN the DT market NN 's POS post-crash JJ `` `` reforms NNS '' '' took VBD hold NN as IN the DT S&P NNP 500 CD futures NNS contract NN had VBD plunged VBN 12 CD points NNS , , equivalent JJ to TO around IN a DT 100-point JJ drop NN in IN the DT Dow NNP industrials NNS . . 
21 Under IN an DT agreement NN signed VBN by IN the DT Big NNP Board NNP and CC the DT Chicago NNP Mercantile NNP Exchange NNP , , trading NN was VBD temporarily RB halted VBN in IN Chicago NNP . . 
33 After IN the DT trading NN halt NN in IN the DT S&P NNP 500 CD pit NN in IN Chicago NNP , , waves NNS of IN selling NN continued VBD to TO hit VB stocks NNS themselves PRP on IN the DT Big NNP Board NNP , , and CC specialists NNS continued VBD to TO notch VB prices NNS down RP . . 
15 As IN a DT result NN , , the DT link NN between IN the DT futures NNS and CC stock NN markets NNS ripped VBD apart RB . . 
34 Without IN the DT guidepost NN of IN stock-index JJ futures NNS -- : the DT barometer NN of IN where WRB traders NNS think VBP the DT overall JJ stock NN market NN is VBZ headed VBN -- : many JJ traders NNS were VBD afraid JJ to TO trust VB stock NN prices NNS quoted VBN on IN the DT Big NNP Board NNP . . 
12 The DT futures NNS halt NN was VBD even RB assailed VBN by IN Big NNP Board NNP floor NN traders NNS . . 
12 `` `` It PRP screwed VBD things NNS up RP , , '' '' said VBD one CD major JJ specialist NN . . 
36 This DT confusion NN effectively RB halted VBD one CD form NN of IN program NN trading NN , , stock NN index NN arbitrage NN , , that WDT closely RB links VBZ the DT futures NNS and CC stock NN markets NNS , , and CC has VBZ been VBN blamed VBN by IN some DT for IN the DT market NN 's POS big JJ swings NNS . . 
30 -LRB- -LRB- In IN a DT stock-index JJ arbitrage NN sell NN program NN , , traders NNS buy VBP or CC sell VBP big JJ baskets NNS of IN stocks NNS and CC offset VBP the DT trade NN in IN futures NNS to TO lock VB in RP a DT price NN difference NN . . -RRB- -RRB- 
31 `` `` When WRB the DT airline NN information NN came VBD through RP , , it PRP cracked VBD every DT model NN we PRP had VBD for IN the DT marketplace NN , , '' '' said VBD a DT managing NN director NN at IN one CD of IN the DT largest JJS program-trading NN firms NNS . . 
18 `` `` We PRP did VBD n't RB even RB get VB a DT chance NN to TO do VB the DT programs NNS we PRP wanted VBD to TO do VB . . '' '' 
5 But CC stocks NNS kept VBD falling VBG . . 
15 The DT Dow NNP industrials NNS were VBD down RB 55 CD points NNS at IN 3 CD p.m. RB before IN the DT futures-trading JJ halt NN . . 
22 At IN 3:30 CD p.m. RB , , at IN the DT end NN of IN the DT `` `` cooling VBG off RP '' '' period NN , , the DT average NN was VBD down RB 114.76 CD points NNS . . 
26 Meanwhile RB , , during IN the DT the DT S&P NNP trading NN halt NN , , S&P NNP futures NNS sell NN orders NNS began VBD piling VBG up RP , , while IN stocks NNS in IN New NNP York NNP kept VBD falling VBG sharply RB . . 
16 Big NNP Board NNP Chairman NNP John NNP J. NNP Phelan NNP said VBD yesterday NN the DT circuit NN breaker NN `` `` worked VBD well RB mechanically RB . . 
25 I PRP just RB think VBP it PRP 's VBZ nonproductive JJ at IN this DT point NN to TO get VB into IN a DT debate NN if IN index NN arbitrage NN would MD have VB helped VBN or CC hurt VBN things NNS . . '' '' 
48 Under IN another DT post-crash JJ system NN , , Big NNP Board NNP President NNP Richard NNP Grasso NNP -LRB- -LRB- Mr. NNP Phelan NNP was VBD flying VBG to TO Bangkok NNP as IN the DT market NN was VBD falling VBG -RRB- -RRB- was VBD talking VBG on IN an DT `` `` inter-exchange JJ hot JJ line NN '' '' to TO the DT other JJ exchanges NNS , , the DT Securities NNP and CC Exchange NNP Commission NNP and CC the DT Federal NNP Reserve NNP Board NNP . . 
28 He PRP camped VBD out RP at IN a DT high-tech JJ nerve NN center NN on IN the DT floor NN of IN the DT Big NNP Board NNP , , where WRB he PRP could MD watch VB updates NNS on IN prices NNS and CC pending VBG stock NN orders NNS . . 
28 At IN about RB 3:30 CD p.m. RB EDT NNP , , S&P NNP futures NNS resumed VBD trading VBG , , and CC for IN a DT brief JJ time NN the DT futures NNS and CC stock NN markets NNS started VBD to TO come VB back RB in IN line NN . . 
8 Buyers NNS stepped VBD in IN to TO the DT futures NNS pit NN . . 
23 But CC the DT build-up NN of IN S&P NNP futures NNS sell NN orders NNS weighed VBD on IN the DT market NN , , and CC the DT link NN with IN stocks NNS began VBD to TO fray VB again RB . . 
24 At IN about RB 3:45 CD , , the DT S&P NNP market NN careened VBD to TO still RB another DT limit NN , , of IN 30 CD points NNS down RB , , and CC trading NN was VBD locked VBN again RB . . 
18 Futures NNS traders NNS say VBP the DT S&P NNP was VBD signaling VBG that IN the DT Dow NNP could MD fall VB as RB much JJ as IN 200 CD points NNS . . 
18 During IN this DT time NN , , small JJ investors NNS began VBD ringing VBG their PRP$ brokers NNS , , wondering VBG whether IN another DT crash NN had VBD begun VBN . . 
25 At IN Prudential-Bache NNP Securities NNP Inc. NNP , , which WDT is VBZ trying VBG to TO cater VB to TO small JJ investors NNS , , some DT demoralized JJ brokers NNS thought VBD this DT would MD be VB the DT final JJ confidence-crusher NN . . 
34 That DT 's VBZ when WRB George NNP L. NNP Ball NNP , , chairman NN of IN the DT Prudential NNP Insurance NNP Co. NNP of IN America NNP unit NN , , took VBD to TO the DT internal JJ intercom NN system NN to TO declare VB that IN the DT plunge NN was VBD only RB `` `` mechanical JJ . . '' '' 
19 `` `` I PRP have VBP a DT hunch NN that IN this DT particular JJ decline NN today NN is VBZ something NN ` `` more JJR ado NN about IN less JJR . . ' '' 
27 It PRP would MD be VB my PRP$ inclination NN to TO advise VB clients NNS not RB to TO sell VB , , to TO look VB for IN an DT opportunity NN to TO buy VB , , '' '' Mr. NNP Ball NNP told VBD the DT brokers NNS . . 
28 At IN Merrill NNP Lynch NNP & CC Co. NNP , , the DT nation NN 's POS biggest JJS brokerage NN firm NN , , a DT news NN release NN was VBD prepared VBN headlined VBN `` `` Merrill NNP Lynch NNP Comments NNP on IN Market NNP Drop NNP . . '' '' 
34 The DT release NN cautioned VBD that IN `` `` there EX are VBP significant JJ differences NNS between IN the DT current JJ environment NN and CC that IN of IN October NNP 1987 CD '' '' and CC that IN there EX are VBP still RB `` `` attractive JJ investment NN opportunities NNS '' '' in IN the DT stock NN market NN . . 
38 However RB , , Jeffrey NNP B. NNP Lane NNP , , president NN of IN Shearson NNP Lehman NNP Hutton NNP Inc. NNP , , said VBD that IN Friday NNP 's POS plunge NN is VBZ `` `` going VBG to TO set VB back RP '' '' relations NNS with IN customers NNS , , `` `` because IN it PRP reinforces VBZ the DT concern NN of IN volatility NN . . 
13 And CC I PRP think VBP a DT lot NN of IN people NNS will MD harp VB on IN program NN trading NN . . 
14 It PRP 's VBZ going VBG to TO bring VB the DT debate NN right RB back RB to TO the DT forefront NN . . '' '' 
23 As IN the DT Dow NNP average JJ ground NN to TO its PRP$ final JJ 190.58 CD loss NN Friday NNP , , the DT S&P NNP pit NN stayed VBD locked JJ at IN its PRP$ 30-point JJ trading NN limit NN . . 
28 Jeffrey NNP Yass NNP of IN program NN trader NN Susquehanna NNP Investment NNP Group NNP said VBD 2,000 CD S&P NNP contracts NNS were VBD for IN sale NN on IN the DT close NN , , the DT equivalent NN of IN $ $ 330 CD million CD in IN stock NN . . 
6 But CC there EX were VBD no DT buyers NNS . . 
26 While IN Friday NNP 's POS debacle NN involved VB mainly RB professional JJ traders NNS rather RB than IN investors NNS , , it PRP left VBD the DT market NN vulnerable JJ to TO continued JJ selling NN this DT morning NN , , traders NNS said VBD . . 
16 Stock-index JJ futures NNS contracts NNS settled VBD at IN much RB lower JJR prices NNS than IN indexes NNS of IN the DT stock NN market NN itself PRP . . 
33 At IN those DT levels NNS , , stocks NNS are VBP set VBN up RP to TO be VB hammered VBN by IN index NN arbitragers NNS , , who WP lock VBP in RP profits NNS by IN buying VBG futures NNS when WRB futures NNS prices NNS fall VBP , , and CC simultaneously RB sell VBP off RP stocks NNS . . 
14 But CC nobody NN knows VBZ at IN what WP level NN the DT futures NNS and CC stocks NNS will MD open VB today NN . . 
26 The DT de-linkage NN between IN the DT stock NN and CC futures NNS markets NNS Friday NNP will MD undoubtedly RB cause NN renewed JJ debate NN about IN whether IN Wall NNP Street NNP is VBZ properly RB prepared JJ for IN another DT crash NN situation NN . . 
16 The DT Big NNP Board NNP 's POS Mr. NNP Grasso NNP said VBD , , `` `` Our PRP$ systemic JJ performance NN was VBD good JJ . . '' '' 
16 But CC the DT exchange NN will MD `` `` look VB at IN the DT performance NN of IN all DT specialists NNS in IN all DT stocks NNS . . 
25 Obviously RB we PRP 'll MD take VB a DT close JJ look NN at IN any DT situation NN in IN which WDT we PRP think VBP the DT dealer-community JJ obligations NNS were VBD n't RB met VBN , , '' '' he PRP said VBD . . 
20 -LRB- -LRB- See VB related JJ story NN : : `` `` Fed NNP Ready JJ to TO Inject VB Big JJ Funds NNS '' '' -- : WSJ NNP Oct. NNP 16 CD , , 1989 CD -RRB- -RRB- 
41 But CC specialists NNS complain VBP privately RB that IN just RB as IN in IN the DT 1987 CD crash NN , , the DT `` `` upstairs JJ '' '' firms NNS -- : big JJ investment NN banks NNS that WDT support VBP the DT market NN by IN trading VBG big JJ blocks NNS of IN stock NN -- : stayed VBD on IN the DT sidelines NNS during IN Friday NNP 's POS blood-letting NN . . 
22 Mr. NNP Phelan NNP said VBD , , `` `` It PRP will MD take VB another DT day NN or CC two CD '' '' to TO analyze VB who WP was VBD buying VBG and CC selling VBG Friday NNP . . 
26 Concerning VBG your PRP$ Sept. NNP 21 CD page-one JJ article NN on IN Prince NNP Charles NNP and CC the DT leeches NNS : : It PRP 's VBZ a DT few JJ hundred CD years NNS since IN England NNP has VBZ been VBN a DT kingdom NN . . 
30 It PRP 's VBZ now RB the DT United NNP Kingdom NNP of IN Great NNP Britain NNP and CC Northern NNP Ireland NNP , , comprising VBG Wales NNP , , Northern NNP Ireland NNP , , Scotland NNP , , and CC ... : oh UH yes UH , , England NNP , , too RB . . 
8 Just RB thought VBD you PRP 'd MD like VB to TO know VB . . 
2 George NNP Morton NNP 
19 Ports NNP of IN Call NNP Inc. NNP reached VBD agreements NNS to TO sell VB its PRP$ remaining VBG seven CD aircraft NN to TO buyers NNS that WDT were VBD n't RB disclosed VBN . . 
25 The DT agreements NNS bring VBP to TO a DT total NN of IN nine CD the DT number NN of IN planes NNS the DT travel NN company NN has VBZ sold VBN this DT year NN as IN part NN of IN a DT restructuring NN . . 
33 The DT company NN said VBD a DT portion NN of IN the DT $ $ 32 CD million CD realized VBN from IN the DT sales NNS will MD be VB used VBN to TO repay VB its PRP$ bank NN debt NN and CC other JJ obligations NNS resulting VBG from IN the DT currently RB suspended VBN air-charter JJ operations NNS . . 
20 Earlier RBR the DT company NN announced VBD it PRP would MD sell VB its PRP$ aging VBG fleet NN of IN Boeing NNP Co. NNP 707s NNPS because IN of IN increasing VBG maintenance NN costs NNS . . 
32 A DT consortium NN of IN private JJ investors NNS operating VBG as IN LJH NNP Funding NNP Co. NNP said VBD it PRP has VBZ made VBN a DT $ $ 409 CD million CD cash NN bid NN for IN most JJS of IN L.J. NNP Hooker NNP Corp. NNP 's POS real-estate NN and CC shopping-center NN holdings NNS . . 
28 The DT $ $ 409 CD million CD bid NN includes VBZ the DT assumption NN of IN an DT estimated JJ $ $ 300 CD million CD in IN secured JJ liabilities NNS on IN those DT properties NNS , , according VBG to TO those DT making VBG the DT bid NN . . 
32 The DT group NN is VBZ led VBN by IN Jay NNP Shidler NNP , , chief JJ executive JJ officer NN of IN Shidler NNP Investment NNP Corp. NNP in IN Honolulu NNP , , and CC A. NNP Boyd NNP Simpson NNP , , chief JJ executive NN of IN the DT Atlanta-based JJ Simpson NNP Organization NNP Inc NNP . . 
33 Mr. NNP Shidler NNP 's POS company NN specializes VBZ in IN commercial JJ real-estate NN investment NN and CC claims VBZ to TO have VB $ $ 1 CD billion CD in IN assets NNS ; : Mr. NNP Simpson NNP is VBZ a DT developer NN and CC a DT former JJ senior JJ executive NN of IN L.J. NNP Hooker NNP . . 
33 `` `` The DT assets NNS are VBP good JJ , , but CC they PRP require VBP more JJR money NN and CC management NN '' '' than IN can MD be VB provided VBN in IN L.J. NNP Hooker NNP 's POS current JJ situation NN , , said VBD Mr. NNP Simpson NNP in IN an DT interview NN . . `` `` 
9 Hooker NNP 's POS philosophy NN was VBD to TO build VB and CC sell VB . . 
8 We PRP want VBP to TO build VB and CC hold VB . . '' '' 
23 L.J. NNP Hooker NNP , , based VBN in IN Atlanta NNP , , is VBZ operating VBG with IN protection NN from IN its PRP$ creditors NNS under IN Chapter NNP 11 CD of IN the DT U.S. NNP Bankruptcy NNP Code NNP . . 
21 Its PRP$ parent NN company NN , , Hooker NNP Corp. NNP of IN Sydney NNP , , Australia NNP , , is VBZ currently RB being VBG managed VBN by IN a DT court-appointed JJ provisional JJ liquidator NN . . 
39 Sanford NNP Sigoloff NNP , , chief JJ executive NN of IN L.J. NNP Hooker NNP , , said VBD yesterday NN in IN a DT statement NN that IN he PRP has VBZ not RB yet RB seen VBN the DT bid NN but CC that IN he PRP would MD review VB it PRP and CC bring VB it PRP to TO the DT attention NN of IN the DT creditors NNS committee NN . . 
26 The DT $ $ 409 CD million CD bid NN is VBZ estimated VBN by IN Mr. NNP Simpson NNP as IN representing VBG 75 CD % NN of IN the DT value NN of IN all DT Hooker NNP real-estate NN holdings NNS in IN the DT U.S. NNP . . 
20 Not RB included VBN in IN the DT bid NN are VBP Bonwit NNP Teller NNP or CC B. NNP Altman NNP & CC Co. NNP , , L.J. NNP Hooker NNP 's POS department-store NN chains NNS . . 
37 The DT offer NN covers VBZ the DT massive JJ 1.8 CD million-square-foot JJ Forest NNP Fair NNP Mall NNP in IN Cincinnati NNP , , the DT 800,000 CD square-foot JJ Richland NNP Fashion NNP Mall NNP in IN Columbia NNP , , S.C. NNP , , and CC the DT 700,000 CD square-foot JJ Thornton NNP Town NNP Center NNP mall NN in IN Thornton NNP , , Colo NNP . . 
25 The DT Thornton NNP mall NN opened VBD Sept. NNP 19 CD with IN a DT Bigg NNP 's POS hypermarket NN as IN its PRP$ anchor NN ; : the DT Columbia NNP mall NN is VBZ expected VBN to TO open VB Nov. NNP 15 CD . . 
53 Other JJ Hooker NNP properties NNS included VBN are VBP a DT 20-story JJ office NN tower NN in IN midtown JJ Atlanta NNP , , expected VBN to TO be VB completed VBN next IN February NNP ; : vacant JJ land NN sites NNS in IN Florida NNP and CC Ohio NNP ; : L.J. NNP Hooker NNP International NNP , , the DT commercial JJ real-estate NN brokerage NN company NN that WDT once RB did VBD business NN as IN Merrill NNP Lynch NNP Commercial NNP Real NNP Estate NNP , , plus CC other JJ shopping NN centers NNS . . 
23 The DT consortium NN was VBD put VBN together RB by IN Hoare NNP Govett NNP , , the DT London-based JJ investment NN banking NN company NN that WDT is VBZ a DT subsidiary NN of IN Security NNP Pacific NNP Corp NNP . . 
34 `` `` We PRP do VBP n't RB anticipate VB any DT problems NNS in IN raising VBG the DT funding NN for IN the DT bid NN , , '' '' said VBD Allan NNP Campbell NNP , , the DT head NN of IN mergers NNS and CC acquisitions NNS at IN Hoare NNP Govett NNP , , in IN an DT interview NN . . 
11 Hoare NNP Govett NNP is VBZ acting VBG as IN the DT consortium NN 's POS investment NN bankers NNS . . 
46 According VBG to TO people NNS familiar JJ with IN the DT consortium NN , , the DT bid NN was VBD code-named JJ Project NNP Klute NNP , , a DT reference NN to TO the DT film NN `` `` Klute NNP '' '' in IN which WDT a DT prostitute NN played VBN by IN actress NN Jane NNP Fonda NNP is VBZ saved VBN from IN a DT psychotic JJ businessman NN by IN a DT police NN officer NN named VBN John NNP Klute NNP . . 
24 L.J. NNP Hooker NNP was VBD a DT small JJ home-building JJ company NN based VBN in IN Atlanta NNP in IN 1979 CD when WRB Mr. NNP Simpson NNP was VBD hired VBN to TO push VB it PRP into IN commercial JJ development NN . . 
27 The DT company NN grew VBD modestly RB until IN 1986 CD , , when WRB a DT majority NN position NN in IN Hooker NNP Corp. NNP was VBD acquired VBN by IN Australian JJ developer NN George NNP Herscu NNP , , currently RB Hooker NNP 's POS chairman NN . . 
55 Mr. NNP Herscu NNP proceeded VBD to TO launch VB an DT ambitious JJ , , but CC ill-fated JJ , , $ $ 1 CD billion CD acquisition NN binge NN that WDT included VBD Bonwit NNP Teller NNP and CC B. NNP Altman NNP & CC Co. NNP , , as RB well RB as IN majority NN positions NNS in IN Merksamer NNP Jewelers NNP , , a DT Sacramento NNP chain NN ; : Sakowitz NNP Inc. NNP , , the DT Houston-based JJ retailer NN , , and CC Parisian NNP Inc. NNP , , the DT Southeast NNP department-store NN chain NN . . 
26 Eventually RB Mr. NNP Simpson NNP and CC Mr. NNP Herscu NNP had VBD a DT falling NN out RP over IN the DT direction NN of IN the DT company NN , , and CC Mr. NNP Simpson NNP said VBD he PRP resigned VBD in IN 1988 CD . . 
31 Since IN then RB , , Hooker NNP Corp. NNP has VBZ sold VBN its PRP$ interest NN in IN the DT Parisian JJ chain NN back RB to TO Parisian JJ 's POS management NN and CC is VBZ currently RB attempting VBG to TO sell VB the DT B. NNP Altman NNP & CC Co. NNP chain NN . . 
26 In IN addition NN , , Robert NNP Sakowitz NNP , , chief JJ executive NN of IN the DT Sakowitz NNP chain NN , , is VBZ seeking VBG funds NNS to TO buy VB out RP the DT Hooker NNP interest NN in IN his PRP$ company NN . . 
14 The DT Merksamer NNP chain NN is VBZ currently RB being VBG offered VBN for IN sale NN by IN First NNP Boston NNP Corp NNP . . 
21 Reached VBN in IN Honolulu NNP , , Mr. NNP Shidler NNP said VBD that IN he PRP believes VBZ the DT various JJ Hooker NNP malls NNS can MD become VB profitable JJ with IN new JJ management NN . . 
21 `` `` These DT are VBP n't RB mature JJ assets NNS , , but CC they PRP have VBP the DT potential NN to TO be VB so RB , , '' '' said VBD Mr. NNP Shidler NNP . . 
17 `` `` Managed VBN properly RB , , and CC with IN a DT long-term JJ outlook NN , , these DT can MD become VB investment-grade JJ quality NN properties NNS . . 
36 Canadian JJ steel-ingot NN production NN totaled VBD 291,890 CD metric JJ tons NNS in IN the DT week NN ended VBN Oct. NNP 7 CD , , up RB 14.8 CD % NN from IN the DT preceding JJ week NN 's POS total NN of IN 254,280 CD tons NNS , , Statistics NNP Canada NNP , , a DT federal JJ agency NN , , said VBD . . 
15 The DT week NN 's POS total NN was VBD up RB 6.2 CD % NN from IN 274,963 CD tons NNS a DT year NN earlier RBR . . 
17 The DT year-to-date JJ total NN was VBD 12,006,883 CD tons NNS , , up RB 7.8 CD % NN from IN 11,141,711 CD tons NNS a DT year NN earlier RBR . . 
30 The DT Treasury NNP plans NNS to TO raise VB $ $ 175 CD million CD in IN new JJ cash NN Thursday NNP by IN selling VBG about RB $ $ 9.75 CD billion CD of IN 52-week JJ bills NNS and CC redeeming VBG $ $ 9.58 CD billion CD of IN maturing VBG bills NNS . . 
15 The DT bills NNS will MD be VB dated VBN Oct. NNP 26 CD and CC will MD mature VB Oct. NNP 25 CD , , 1990 CD . . 
11 They PRP will MD be VB available JJ in IN minimum JJ denominations NNS of IN $ $ 10,000 CD . . 
20 Bids NNS must MD be VB received VBN by IN 1 CD p.m. RB EDT NNP Thursday NNP at IN the DT Treasury NNP or CC at IN Federal NNP Reserve NNP banks NNS or CC branches NNS . . 
31 As IN small JJ investors NNS peppered VBD their PRP$ mutual JJ funds NNS with IN phone NN calls NNS over IN the DT weekend NN , , big JJ fund NN managers NNS said VBD they PRP have VBP a DT strong JJ defense NN against IN any DT wave NN of IN withdrawals NNS : : cash NN . . 
17 Unlike IN the DT weekend NN before IN Black NNP Monday NNP , , the DT funds NNS were VBD n't RB swamped VBN with IN heavy JJ withdrawal NN requests NNS . . 
19 And CC many JJ fund NN managers NNS have VBP built VBN up RP cash NN levels NNS and CC say VBP they PRP will MD be VB buying VBG stock NN this DT week NN . . 
35 At IN Fidelity NNP Investments NNP , , the DT nation NN 's POS largest JJS fund NN company NN , , telephone NN volume NN was VBD up RB sharply RB , , but CC it PRP was VBD still RB at IN just RB half PDT the DT level NN of IN the DT weekend NN preceding VBG Black NNP Monday NNP in IN 1987 CD . . 
18 The DT Boston NNP firm NN said VBD stock-fund NN redemptions NNS were VBD running VBG at IN less JJR than IN one-third NN the DT level NN two CD years NNS ago RB . . 
28 As IN of IN yesterday NN afternoon NN , , the DT redemptions NNS represented VBD less JJR than IN 15 CD % NN of IN the DT total JJ cash NN position NN of IN about RB $ $ 2 CD billion CD of IN Fidelity NNP 's POS stock NN funds NNS . . 
36 `` `` Two CD years NNS ago RB there EX were VBD massive JJ redemption NN levels NNS over IN the DT weekend NN and CC a DT lot NN of IN fear NN around RB , , '' '' said VBD C. NNP Bruce NNP Johnstone NNP , , who WP runs VBZ Fidelity NNP Investments NNP ' POS $ $ 5 CD billion CD Equity-Income NNP Fund NNP . . 
9 `` `` This DT feels VBZ more RBR like IN a DT one-shot JJ deal NN . . 
6 People NNS are VBP n't RB panicking VBG . . '' '' 
6 The DT test NN may MD come VB today NN . . 
14 Friday NNP 's POS stock NN market NN sell-off NN came VBD too RB late RB for IN many JJ investors NNS to TO act VB . . 
25 Some DT shareholders NNS have VBP held VBN off RP until IN today NN because IN any DT fund NN exchanges NNS made VBN after IN Friday NNP 's POS close NN would MD take VB place NN at IN today NN 's POS closing NN prices NNS . . 
21 Stock NN fund NN redemptions NNS during IN the DT 1987 CD debacle NN did VBD n't RB begin VB to TO snowball VB until IN after IN the DT market NN opened VBD on IN Black NNP Monday NNP . . 
8 But CC fund NN managers NNS say VBP they PRP 're VBP ready JJ . . 
16 Many JJ have VBP raised VBN cash NN levels NNS , , which WDT act VBP as IN a DT buffer NN against IN steep JJ market NN declines NNS . . 
19 Mario NNP Gabelli NNP , , for IN instance NN , , holds VBZ cash NN positions NNS well RB above IN 20 CD % NN in IN several JJ of IN his PRP$ funds NNS . . 
32 Windsor NNP Fund NNP 's POS John NNP Neff NNP and CC Mutual NNP Series NNP ' POS Michael NNP Price NNP said VBD they PRP had VBD raised VBN their PRP$ cash NN levels NNS to TO more JJR than IN 20 CD % NN and CC 30 CD % NN , , respectively RB , , this DT year NN . . 
32 Even RB Peter NNP Lynch NNP , , manager NN of IN Fidelity NNP 's POS $ $ 12.7 CD billion CD Magellan NNP Fund NNP , , the DT nation NN 's POS largest JJS stock NN fund NN , , built VBD up RP cash NN to TO 7 CD % NN or CC $ $ 850 CD million CD . . 
26 One CD reason NN is VBZ that DT after IN two CD years NNS of IN monthly JJ net JJ redemptions NNS , , the DT fund NN posted VBD net JJ inflows NNS of IN money NN from IN investors NNS in IN August NNP and CC September NNP . . 
26 `` `` I PRP 've VBP let VBD the DT money NN build VB up RP , , '' '' Mr. NNP Lynch NNP said VBD , , who WP added VBD that IN he PRP has VBZ had VBN trouble NN finding VBG stocks NNS he PRP likes VBZ . . 
11 Not RB all DT funds NNS have VBP raised VBN cash NN levels NNS , , of IN course NN . . 
27 As IN a DT group NN , , stock NN funds NNS held VBD 10.2 CD % NN of IN assets NNS in IN cash NN as IN of IN August NNP , , the DT latest JJS figures NNS available JJ from IN the DT Investment NNP Company NNP Institute NNP . . 
19 That DT was VBD modestly RB higher JJR than IN the DT 8.8 CD % NN and CC 9.2 CD % JJ levels NNS in IN August NNP and CC September NNP of IN 1987 CD . . 
16 Also RB , , persistent JJ redemptions NNS would MD force VB some DT fund NN managers NNS to TO dump VB stocks NNS to TO raise VB cash NN . . 
19 But CC a DT strong JJ level NN of IN investor NN withdrawals NNS is VBZ much RB more RBR unlikely JJ this DT time NN around RB , , fund NN managers NNS said VBD . . 
20 A DT major JJ reason NN is VBZ that IN investors NNS already RB have VBP sharply RB scaled VBN back RP their PRP$ purchases NNS of IN stock NN funds NNS since IN Black NNP Monday NNP . . 
22 Stock-fund JJ sales NNS have VBP rebounded VBN in IN recent JJ months NNS , , but CC monthly JJ net JJ purchases NNS are VBP still RB running VBG at IN less JJR than IN half NN 1987 CD levels NNS . . 
30 `` `` There EX 's VBZ not RB nearly RB as IN much JJ froth NN , , '' '' said VBD John NNP Bogle NNP , , chairman NN of IN Vanguard NNP Group NNP Inc. NNP , , a DT big JJ Valley NNP Forge NNP , , Pa. NNP , , fund NN company NN . . 
12 Many JJ fund NN managers NNS argue VBP that IN now RB 's VBZ the DT time NN to TO buy VB . . 
27 Vincent NNP Bajakian NNP , , manager NN of IN the DT $ $ 1.8 CD billion CD Wellington NNP Fund NNP , , added VBD to TO his PRP$ positions NNS in IN Bristol-Myers NNP Squibb NNP , , Woolworth NNP and CC Dun NNP & CC Bradstreet NNP Friday NNP . . 
29 And CC today NN he PRP 'll MD be VB looking VBG to TO buy VB drug NN stocks NNS like IN Eli NNP Lilly NNP , , Pfizer NNP and CC American NNP Home NNP Products NNP whose WP$ dividend NN yields NNS have VBP been VBN bolstered VBN by IN stock NN declines NNS . . 
21 Fidelity NNP 's POS Mr. NNP Lynch NNP , , for IN his PRP$ part NN , , snapped VBD up RP Southern NNP Co. NNP shares NNS Friday NNP after IN the DT stock NN got VBD hammered VBN . . 
21 If IN the DT market NN drops VBZ further RBR today NN , , he PRP said VBD he PRP 'll MD be VB buying VBG blue JJ chips NNS such JJ as IN Bristol-Myers NNP and CC Kellogg NNP . . 
28 `` `` If IN they PRP croak VBP stocks NNS like IN that DT , , '' '' he PRP said VBD , , it PRP presents VBZ an DT opportunity NN that WDT is VBZ `` `` the DT kind NN of IN thing NN you PRP dream VBP about IN . . '' '' 
16 Major JJ mutual-fund NN groups NNS said VBD phone NN calls NNS were VBD arriving VBG at IN twice RB the DT normal JJ weekend NN pace NN yesterday NN . . 
11 But CC most JJS investors NNS were VBD seeking VBG share NN prices NNS and CC other JJ information NN . . 
9 Trading NN volume NN was VBD only RB modestly RB higher JJR than IN normal JJ . . 
10 Still RB , , fund NN groups NNS are VBP n't RB taking VBG any DT chances NNS . . 
20 They PRP hope VBP to TO avoid VB the DT jammed JJ phone NN lines NNS and CC other JJ snags NNS that WDT infuriated VBD some DT fund NN investors NNS in IN October NNP 1987 CD . . 
13 Fidelity NNP on IN Saturday NNP opened VBD its PRP$ 54 CD walk-in JJ investor NN centers NNS across IN the DT country NN . . 
9 The DT centers NNS normally RB are VBP closed JJ through IN the DT weekend NN . . 
20 In IN addition NN , , East NNP Coast NNP centers NNS will MD open VB at IN 7:30 CD EDT NNP this DT morning NN , , instead RB of IN the DT normal JJ 8:30 CD . . 
16 T. NNP Rowe NNP Price NNP Associates NNP Inc. NNP increased VBD its PRP$ staff NN of IN phone NN representatives NNS to TO handle VB investor NN requests NNS . . 
16 The DT Baltimore-based JJ group NN noted VBD that IN some DT investors NNS moved VBD money NN from IN stock NN funds NNS to TO money-market NN funds NNS . . 
27 But CC most JJS investors NNS seemed VBD to TO be VB `` `` in IN an DT information NN mode NN rather RB than IN in IN a DT transaction NN mode NN , , '' '' said VBD Steven NNP Norwitz NNP , , a DT vice NN president NN . . 
21 And CC Vanguard NNP , , among IN other JJ groups NNS , , said VBD it PRP was VBD adding VBG more JJR phone NN representatives NNS today NN to TO help VB investors NNS get VB through RP . . 
19 In IN an DT unusual JJ move NN , , several JJ funds NNS moved VBD to TO calm VB investors NNS with IN recordings NNS on IN their PRP$ toll-free JJ phone NN lines NNS . . 
32 `` `` We PRP view VBP -LCB- -LRB- Friday NNP 's POS -RCB- -RRB- market NN decline NN as IN offering VBG us PRP a DT buying NN opportunity NN as IN long-term JJ investors NNS , , '' '' a DT recording NN at IN Gabelli NNP & CC Co. NNP funds NNS said VBD over IN the DT weekend NN . . 
10 The DT Janus NNP Group NNP had VBD a DT similar JJ recording NN for IN investors NNS . . 
13 Several JJ fund NN managers NNS expect VBP a DT rough JJ market NN this DT morning NN before IN prices NNS stabilize VBP . . 
23 Some DT early JJ selling NN is VBZ likely JJ to TO stem VB from IN investors NNS and CC portfolio NN managers NNS who WP want VBP to TO lock VB in RP this DT year NN 's POS fat JJ profits NNS . . 
20 Stock NN funds NNS have VBP averaged VBN a DT staggering JJ gain NN of IN 25 CD % NN through IN September NNP , , according VBG to TO Lipper NNP Analytical NNP Services NNP Inc NNP . . 
37 Elaine NNP Garzarelli NNP , , who WP runs VBZ Shearson NNP Lehman NNP Hutton NNP Inc. NNP 's POS $ $ 335 CD million CD Sector NNP Analysis NNP Portfolio NNP , , predicts VBZ the DT market NN will MD open VB down RB at IN least JJS 50 CD points NNS on IN technical JJ factors NNS and CC `` `` some DT panic NN selling NN . . '' '' 
30 But CC she PRP expects VBZ prices NNS to TO rebound VB soon RB and CC is VBZ telling VBG investors NNS she PRP expects VBZ the DT stock NN market NN wo MD n't RB decline VB more JJR than IN 10 CD % NN to TO 15 CD % NN from IN recent JJ highs NNS . . 
12 `` `` This DT is VBZ not RB a DT major JJ crash NN , , '' '' she PRP said VBD . . 
18 Nevertheless RB , , Ms. NNP Garzarelli NNP said VBD she PRP was VBD swamped VBN with IN phone NN calls NNS over IN the DT weekend NN from IN nervous JJ shareholders NNS . . 
29 `` `` Half NN of IN them PRP are VBP really RB scared JJ and CC want VB to TO sell VB , , '' '' she PRP said VBD , , `` `` but CC I PRP 'm VBP trying VBG to TO talk VB them PRP out IN of IN it PRP . . '' '' 
17 She PRP added VBD , , `` `` If IN they PRP all DT were VBD bullish JJ , , I PRP 'd MD really RB be VB upset JJ . . '' '' 
21 The DT backdrop NN to TO Friday NNP 's POS slide NN was VBD markedly RB different JJ from IN that DT of IN the DT October NNP 1987 CD crash NN , , fund NN managers NNS argue VBP . . 
26 Two CD years NNS ago RB , , unlike IN today NN , , the DT dollar NN was VBD weak JJ , , interest NN rates NNS were VBD rising VBG and CC the DT market NN was VBD very RB overvalued JJ , , they PRP say VBP . . 
43 `` `` From IN the DT investors NNS ' POS standpoint NN , , institutions NNS and CC individuals NNS learned VBD a DT painful JJ lesson NN ... : by IN selling VBG at IN the DT lows NNS '' '' on IN Black NNP Monday NNP , , said VBD Stephen NNP Boesel NNP , , manager NN of IN the DT $ $ 580 CD million CD T. NNP Rowe NNP Price NNP Growth NNP and CC Income NNP Fund NNP . . 
15 This DT time NN , , `` `` I PRP do VBP n't RB think VB we PRP 'll MD get VB a DT panic NN reaction NN . . 
31 Newport NNP Corp. NNP said VBD it PRP expects VBZ to TO report VB fiscal-first-quarter JJ earnings NNS of IN between IN 15 CD cents NNS and CC 19 CD cents NNS a DT share NN , , somewhat RB below IN analysts NNS ' POS estimates NNS of IN 19 CD cents NNS to TO 23 CD cents NNS . . 
17 The DT maker NN of IN scientific JJ instruments NNS and CC laser NN parts NNS said VBD orders NNS fell VBD below IN expectations NNS in IN recent JJ months NNS . . 
41 A DT spokesman NN added VBD that IN sales NNS in IN the DT current JJ quarter NN will NN about RB equal VB the DT yearearlier JJ quarter NN 's POS figure NN , , when WRB Newport NNP reported VBD net JJ income NN of IN $ $ 1.7 CD million CD , , or CC 21 CD cents NNS a DT share NN , , on IN $ $ 14.1 CD million CD in IN sales NNS . . 
42 Ripples NNS from IN the DT strike NN by IN 55,000 CD Machinists NNPS union NN members NNS against IN Boeing NNP Co. NNP reached VBD air NN carriers NNS Friday NNP as IN America NNP West NNP Airlines NNP announced VBD it PRP will MD postpone VB its PRP$ new JJ service NN out IN of IN Houston NNP because IN of IN delays NNS in IN receiving VBG aircraft NN from IN the DT Seattle NNP jet NN maker NN . . 
66 Peter NNP Otradovec NNP , , vice NN president NN for IN planning NN at IN the DT Phoenix NNP , , Ariz. NNP , , carrier NN , , said VBD in IN an DT interview NN that IN the DT work NN stoppage NN at IN Boeing NNP , , now RB entering VBG its PRP$ 13th JJ day NN , , `` `` has VBZ caused VBN some DT turmoil NN in IN our PRP$ scheduling NN '' '' and CC that IN more JJR than IN 500 CD passengers NNS who WP were VBD booked VBN to TO fly VB out IN of IN Houston NNP on IN America NNP West NNP would MD now RB be VB put VBN on IN other JJ airlines NNS . . 
55 Mr. NNP Otradovec NNP said VBD Boeing NNP told VBD America NNP West NNP that IN the DT 757 NNP it PRP was VBD supposed VBN to TO get VB this DT Thursday NNP would MD n't RB be VB delivered VBN until IN Nov. NNP 7 CD -- : the DT day NN after IN the DT airline NN had VBD been VBN planning VBG to TO initiate VB service NN at IN Houston NNP with IN four CD daily JJ flights NNS , , including VBG three CD nonstops NNS to TO Phoenix NNP and CC one CD nonstop NN to TO Las NNP Vegas NNP . . 
12 Now RB , , those DT routes NNS are VBP n't RB expected VBN to TO begin VB until IN Jan NNP . . 
23 Boeing NNP is VBZ also RB supposed VBN to TO send VB to TO America NNP West NNP another DT 757 CD twin-engine JJ aircraft NN as RB well RB as IN a DT 737 CD by IN year NN 's POS end NN . . 
11 Those DT , , too RB , , are VBP almost RB certain JJ to TO arrive VB late RB . . 
39 At IN this DT point NN , , no DT other JJ America NNP West NNP flights NNS -- : including VBG its PRP$ new JJ service NN at IN San NNP Antonio NNP , , Texas NNP ; : Newark NNP , , N.J. NNP ; : and CC Palmdale NNP , , Calif. NNP -- : have VBP been VBN affected VBN by IN the DT delays NNS in IN Boeing NNP deliveries NNS . . 
26 Nevertheless RB , , the DT company NN 's POS reaction NN underscores VBZ the DT domino NN effect NN that IN a DT huge JJ manufacturer NN such JJ as IN Boeing NNP can MD have VB on IN other JJ parts NNS of IN the DT economy NN . . 
15 It PRP also RB is VBZ sure JJ to TO help VB the DT machinists NNS put VB added JJ pressure NN on IN the DT company NN . . 
36 `` `` I PRP just RB do VBP n't RB feel VB that IN the DT company NN can MD really RB stand VB or CC would MD want VB a DT prolonged JJ walkout NN , , '' '' Tom NNP Baker NNP , , president NN of IN Machinists NNP ' POS District NNP 751 CD , , said VBD in IN an DT interview NN yesterday NN . . 
14 `` `` I PRP do VBP n't RB think VB their PRP$ customers NNS would MD like VB it PRP very RB much RB . . '' '' 
29 America NNP West NNP , , though RB , , is VBZ a DT smaller JJR airline NN and CC therefore RB more RBR affected VBN by IN the DT delayed JJ delivery NN of IN a DT single JJ plane NN than IN many JJ of IN its PRP$ competitors NNS would MD be VB . . 
34 `` `` I PRP figure VBP that IN American NNP and CC United NNP probably RB have VBP such PDT a DT hard JJ time NN counting VBG all PDT the DT planes NNS in IN their PRP$ fleets NNS , , they PRP might MD not RB miss VB one CD at IN all DT , , '' '' Mr. NNP Otradovec NNP said VBD . . 
25 Indeed RB , , a DT random JJ check NN Friday NNP did VBD n't RB seem VB to TO indicate VB that IN the DT strike NN was VBD having VBG much JJ of IN an DT effect NN on IN other JJ airline NN operations NNS . . 
24 Southwest NNP Airlines NNP has VBZ a DT Boeing NNP 737-300 NNP set NN for IN delivery NN at IN the DT end NN of IN this DT month NN and CC expects VBZ to TO have VB the DT plane NN on IN time NN . . 
25 `` `` It PRP 's VBZ so RB close RB to TO completion NN , , Boeing NNP 's VBZ told VBN us PRP there EX wo MD n't RB be VB a DT problem NN , , '' '' said VBD a DT Southwest NNP spokesman NN . . 
22 A DT spokesman NN for IN AMR NNP Corp. NNP said VBD Boeing NNP has VBZ assured VBN American NNP Airlines NNP it PRP will MD deliver VB a DT 757 NNP on IN time NN later RB this DT month NN . . 
27 American NNP is VBZ preparing VBG to TO take VB delivery NN of IN another DT 757 NNP in IN early JJ December NNP and CC 20 CD more JJR next JJ year NN and CC is VBZ n't RB anticipating VBG any DT changes NNS in IN that DT timetable NN . . 
37 In IN Seattle NNP , , a DT Boeing NNP spokesman NN explained VBD that IN the DT company NN has VBZ been VBN in IN constant JJ communication NN with IN all DT of IN its PRP$ customers NNS and CC that IN it PRP was VBD impossible JJ to TO predict VB what WP further JJ disruptions NNS might MD be VB triggered VBN by IN the DT strike NN . . 
40 Meanwhile RB , , supervisors NNS and CC non-striking JJ employees NNS have VBP been VBN trying VBG to TO finish VB some RB 40 CD aircraft NNS -- : mostly RB 747 NNP and CC 767 NNP jumbo JJ jets NNS at IN the DT company NN 's POS Everett NNP , , Wash. NNP , , plant NN -- : that WDT were VBD all RB but RB completed VBN before IN the DT walkout NN . . 
29 As IN of IN Friday NNP , , four CD had VBD been VBN delivered VBN and CC a DT fifth JJ plane NN , , a DT 747-400 NNP , , was VBD supposed VBN to TO be VB flown VBN out RP over IN the DT weekend NN to TO Air NNP China NNP . . 
14 No DT date NN has VBZ yet RB been VBN set VBN to TO get VB back RB to TO the DT bargaining NN table NN . . 
37 `` `` We PRP want VBP to TO make VB sure JJ they PRP know VBP what WP they PRP want VBP before IN they PRP come VBP back RP , , '' '' said VBD Doug NNP Hammond NNP , , the DT federal JJ mediator NN who WP has VBZ been VBN in IN contact NN with IN both DT sides NNS since IN the DT strike NN began VBD . . 
14 The DT investment NN community NN , , for IN one CD , , has VBZ been VBN anticipating VBG a DT speedy JJ resolution NN . . 
32 Though NNP Boeing NNP 's POS stock NN price NN was VBD battered VBN along IN with IN the DT rest NN of IN the DT market NN Friday NNP , , it PRP actually RB has VBZ risen VBN over IN the DT last JJ two CD weeks NNS on IN the DT strength NN of IN new JJ orders NNS . . 
45 `` `` The DT market NN has VBZ taken VBN two CD views NNS : : that IN the DT labor NN situation NN will MD get VB settled VBN in IN the DT short JJ term NN and CC that IN things NNS look VBP very RB rosy JJ for IN Boeing NNP in IN the DT long JJ term NN , , '' '' said VBD Howard NNP Rubel NNP , , an DT analyst NN at IN Cyrus NNP J. NNP Lawrence NNP Inc NNP . . 
22 Boeing NNP 's POS shares NNS fell VBD $ $ 4 CD Friday NNP to TO close VB at IN $ $ 57.375 CD in IN composite JJ trading NN on IN the DT New NNP York NNP Stock NNP Exchange NNP . . 
36 But CC Mr. NNP Baker NNP said VBD he PRP thinks VBZ the DT earliest RBS a DT pact NN could MD be VB struck VBN would MD be VB the DT end NN of IN this DT month NN , , hinting VBG that IN the DT company NN and CC union NN may MD resume VB negotiations NNS as RB early RB as IN this DT week NN . . 
16 Still RB , , he PRP said VBD , , it PRP 's VBZ possible JJ that IN the DT strike NN could MD last VB considerably RB longer RBR . . 
12 `` `` I PRP would MD n't RB expect VB an DT immediate JJ resolution NN to TO anything NN . . '' '' 
40 Last JJ week NN , , Boeing NNP Chairman NNP Frank NNP Shrontz NNP sent VBD striking VBG workers NNS a DT letter NN , , saying VBG that IN `` `` to TO my PRP$ knowledge NN , , Boeing NNP 's POS offer NN represents VBZ the DT best JJS overall JJ three-year JJ contract NN of IN any DT major JJ U.S. NNP industrial JJ firm NN in IN recent JJ history NN . . '' '' 
33 But CC Mr. NNP Baker NNP called VBD the DT letter NN -- : and CC the DT company NN 's POS offer NN of IN a DT 10 CD % NN wage NN increase NN over IN the DT life NN of IN the DT pact NN , , plus CC bonuses NNS -- : `` `` very RB weak JJ . . '' '' 
24 He PRP added VBD that IN the DT company NN miscalculated VBD the DT union NN 's POS resolve NN and CC the DT workers NNS ' POS disgust NN with IN being VBG forced VBN to TO work VB many JJ hours NNS overtime RB . . 
24 In IN separate JJ developments NNS : : -- : Talks NNS have VBP broken VBN off RP between IN Machinists NNPS representatives NNS at IN Lockheed NNP Corp. NNP and CC the DT Calabasas NNP , , Calif. NNP , , aerospace NN company NN . . 
13 The DT union NN is VBZ continuing VBG to TO work VB through IN its PRP$ expired JJ contract NN , , however RB . . 
18 It PRP had VBD planned VBN a DT strike NN vote NN for IN next JJ Sunday NNP , , but CC that IN has VBZ been VBN pushed VBN back RP indefinitely RB . . 
46 -- : United NNP Auto NNP Workers NNP Local NNP 1069 NNP , , which WDT represents VBZ 3,000 CD workers NNS at IN Boeing NNP 's POS helicopter NN unit NN in IN Delaware NNP County NNP , , Pa. NNP , , said VBD it PRP agreed VBD to TO extend VB its PRP$ contract NN on IN a DT day-by-day JJ basis NN , , with IN a DT 10-day JJ notification NN to TO cancel VB , , while IN it PRP continues VBZ bargaining VBG . . 
5 The DT accord NN expired VBD yesterday NN . . 
29 -- : And CC Boeing NNP on IN Friday NNP said VBD it PRP received VBD an DT order NN from IN Martinair NNP Holland NNP for IN four CD model JJ 767-300 NNP wide-body JJ jetliners NNS valued VBN at IN a DT total NN of IN about RB $ $ 326 CD million CD . . 
21 The DT planes NNS , , long JJ range NN versions NNS of IN the DT medium-haul JJ twin-jet NN , , will MD be VB delivered VBN with IN Pratt NNP & CC Whitney NNP PW4060 NNP engines NNS . . 
11 Pratt NNP & CC Whitney NNP is VBZ a DT unit NN of IN United NNP Technologies NNP Inc NNP . . 
7 Martinair NNP Holland NNP is VBZ based VBN in IN Amsterdam NNP . . 
30 A DT Boeing NNP spokeswoman NN said VBD a DT delivery NN date NN for IN the DT planes NNS is VBZ still RB being VBG worked VBD out RP `` `` for IN a DT variety NN of IN reasons NNS , , but CC not RB because IN of IN the DT strike NN . . '' '' 
7 Bridget NNP O'Brian NNP contributed VBD to TO this DT article NN . . 
35 Atco NNP Ltd. NNP said VBD its PRP$ utilities NNS arm NN is VBZ considering VBG building VBG new JJ electric JJ power NN plants NNS , , some DT valued VBN at IN more JJR than IN one CD billion CD Canadian JJ dollars NNS -LRB- -LRB- US$ $ 851 CD million CD -RRB- -RRB- , , in IN Great NNP Britain NNP and CC elsewhere RB . . 
59 C.S. NNP Richardson NNP , , Atco NNP 's POS senior JJ vice NN president NN , , finance NN , , said VBD its PRP$ 50.1%-owned JJ Canadian NNP Utilities NNP Ltd. NNP unit NN is VBZ reviewing VBG cogeneration NN projects NNS in IN eastern JJ Canada NNP , , and CC conventional JJ electric JJ power NN generating NN plants NNS elsewhere RB , , including VBG Britain NNP , , where WRB the DT British JJ government NN plans NNS to TO allow VB limited JJ competition NN in IN electrical JJ generation NN from IN private-sector JJ suppliers NNS as IN part NN of IN its PRP$ privatization NN program NN . . 
6 `` `` The DT projects NNS are VBP big JJ . . 
13 They PRP can MD be VB C$ $ 1 CD billion CD plus RB , , '' '' Mr. NNP Richardson NNP said VBD . . 
24 `` `` But CC we PRP would MD n't RB go VB into IN them PRP alone RB , , '' '' and CC Canadian NNP Utilities NNP ' POS equity NN stake NN would MD be VB small JJ , , he PRP said VBD . . 
21 `` `` Ideally RB , , we PRP 'd MD like VB to TO be VB the DT operator NN -LCB- -LRB- of IN the DT project NN -RCB- -RRB- and CC a DT modest JJ equity NN investor NN . . 
16 Our PRP$ long JJ suit NN is VBZ our PRP$ proven JJ ability NN to TO operate VB '' '' power NN plants NNS , , he PRP said VBD . . 
46 Mr. NNP Richardson NNP would MD n't RB offer VB specifics NNS regarding VBG Atco NNP 's VBZ proposed VBN British JJ project NN , , but CC he PRP said VBD it PRP would MD compete VB for IN customers NNS with IN two CD huge JJ British JJ power NN generating NN companies NNS that WDT would MD be VB formed VBN under IN the DT country NN 's POS plan NN to TO privatize VB its PRP$ massive JJ water NN and CC electric JJ utilities NNS . . 
32 Britain NNP 's POS government NN plans VBZ to TO raise VB about RB # # 20 CD billion CD -LRB- -LRB- $ $ 31.05 CD billion CD -RRB- -RRB- from IN the DT sale NN of IN most JJS of IN its PRP$ giant JJ water NN and CC electric JJ utilities NNS , , beginning VBG next JJ month NN . . 
29 The DT planned JJ electric JJ utility NN sale NN , , scheduled VBN for IN next JJ year NN , , is VBZ alone RB expected VBN to TO raise VB # # 13 CD billion CD , , making VBG it PRP the DT world NN 's POS largest JJS public JJ offering NN . . 
31 Under IN terms NNS of IN the DT plan NN , , independent JJ generators NNS would MD be VB able JJ to TO compete VB for IN 15 CD % NN of IN customers NNS until IN 1994 CD , , and CC for IN another DT 10 CD % NN between IN 1994 CD and CC 1998 CD . . 
30 Canadian NNP Utilities NNP had VBD 1988 CD revenue NN of IN C$ $ 1.16 CD billion CD , , mainly RB from IN its PRP$ natural JJ gas NN and CC electric JJ utility NN businesses NNS in IN Alberta NNP , , where WRB the DT company NN serves VBZ about RB 800,000 CD customers NNS . . 
31 `` `` There EX seems VBZ to TO be VB a DT move NN around IN the DT world NN to TO deregulate VB the DT generation NN of IN electricity NN , , '' '' Mr. NNP Richardson NNP said VBD , , and CC Canadian NNP Utilities NNP hopes VBZ to TO capitalize VB on IN it PRP . . 
33 `` `` This DT is VBZ a DT real JJ thrust NN on IN our PRP$ utility NN side NN , , '' '' he PRP said VBD , , adding VBG that IN Canadian NNP Utilities NNP is VBZ also RB mulling VBG projects NNS in IN underdeveloped JJ countries NNS , , though IN he PRP would MD be VB specific JJ . . 
20 Canadian NNP Utilities NNP is VBZ n't RB alone RB in IN exploring VBG power NN generation NN opportunities NNS in IN Britain NNP , , in IN anticipation NN of IN the DT privatization NN program NN . . 
42 `` `` We PRP 're VBP certainly RB looking VBG at IN some DT power NN generating NN projects NNS in IN England NNP , , '' '' said VBD Bruce NNP Stram NNP , , vice NN president NN , , corporate JJ strategy NN and CC corporate JJ planning NN , , with IN Enron NNP Corp. NNP , , Houston NNP , , a DT big JJ natural JJ gas NN producer NN and CC pipeline NN operator NN . . 
34 Mr. NNP Stram NNP said VBD Enron NNP is VBZ considering VBG building VBG gas-fired JJ power NN plants NNS in IN the DT U.K. NNP capable JJ of IN producing VBG about RB 500 CD megawatts NNS of IN power NN at IN a DT cost NN of IN about RB $ $ 300 CD million CD to TO $ $ 400 CD million CD . . 
27 PSE NNP Inc. NNP said VBD it PRP expects VBZ to TO report VB third JJ earnings NNS of IN $ $ 1.3 CD million CD to TO $ $ 1.7 CD million CD , , or CC 14 CD cents NNS to TO 18 CD cents NNS a DT share NN . . 
37 In IN the DT year-ago JJ quarter NN , , the DT designer NN and CC operator NN of IN cogeneration NN and CC waste NN heat NN recovery NN plants NNS had VBD net JJ income NN of IN $ $ 326,000 CD , , or CC four CD cents NNS a DT share NN , , on IN revenue NN of IN about RB $ $ 41.4 CD million CD . . 
18 The DT company NN said VBD the DT improvement NN is VBZ related VBN to TO additional JJ cogeneration NN facilities NNS that WDT have VBP been VBN put VBN into IN operation NN . . 
14 CONCORDE NNP trans-Atlantic JJ flights NNS are VBP $ $ 2,400 CD to TO Paris NNP and CC $ $ 3,200 CD to TO London NNP . . 
13 In IN a DT Centennial NNP Journal NNP article NN Oct. NNP 5 CD , , the DT fares NNS were VBD reversed VBN . . 
12 Diamond NNP Shamrock NNP Offshore NNP Partners NNP said VBD it PRP had VBD discovered VBN gas NN offshore RB Louisiana NNP . . 
28 The DT well RB flowed VBD at IN a DT rate NN of IN 2.016 CD million CD cubic JJ feet NNS of IN gas NN a DT day NN through IN a DT 16 CD 64-inch JJ opening NN at IN depths NNS between IN 5,782 CD and CC 5,824 CD feet NNS . . 
15 Diamond NNP Shamrock NNP is VBZ the DT operator NN , , with IN a DT 100 CD % NN interest NN in IN the DT well NN . . 
22 Diamond NNP Shamrock NNP Offshore NNP 's POS stock NN rose VBD 12.5 CD cents NNS Friday NNP to TO close VB at IN $ $ 8.25 CD in IN New NNP York NNP Stock NNP Exchange NNP composite JJ trading NN . . 
25 Kaufman NNP & CC Broad NNP Home NNP Corp. NNP said VBD it PRP formed VBD a DT $ $ 53.4 CD million CD limited JJ partnership NN subsidiary NN to TO buy VB land NN in IN California NNP suitable JJ for IN residential JJ development NN . . 
55 The DT partnership NN , , Kaufman NNP & CC Broad NNP Land NNP Development NNP Venture NNP Limited NNP Partnership NNP , , is VBZ a DT 50-50 JJ joint JJ venture NN with IN a DT trust NN created VBN by IN institutional JJ clients NNS of IN Heitman NNP Advisory NNP Corp. NNP , , a DT unit NN of IN Heitman NNP Financial NNP Corp. NNP , , a DT real JJ estate NN advisory NN , , management NN and CC development NN company NN with IN offices NNS in IN Chicago NNP and CC Beverly NNP Hills NNP , , Calif NNP . . 
16 Kaufman NNP & CC Broad NNP , , a DT home NN building NN company NN , , declined VBD to TO identify VB the DT institutional JJ investors NNS . . 
36 The DT land NN to TO be VB purchased VBN by IN the DT joint JJ venture NN has VBZ n't RB yet RB received VBD zoning NN and CC other JJ approvals NNS required VBN for IN development NN , , and CC part NN of IN Kaufman NNP & CC Broad NNP 's POS job NN will MD be VB to TO obtain VB such JJ approvals NNS . . 
51 The DT partnership NN runs VBZ the DT risk NN that IN it PRP may MD not RB get VB the DT approvals NNS for IN development NN , , but CC in IN return NN , , it PRP can MD buy VB land NN at IN wholesale JJ rather RB than IN retail JJ prices NNS , , which WDT can MD result VB in IN sizable JJ savings NNS , , said VBD Bruce NNP Karatz NNP , , president NN and CC chief JJ executive JJ officer NN of IN Kaufman NNP & CC Broad NNP . . 
21 `` `` There EX are VBP really RB very RB few JJ companies NNS that WDT have VBP adequate JJ capital NN to TO buy VB properties NNS in IN a DT raw JJ state NN for IN cash NN . . 
38 Typically RB , , developers NNS option VBP property NN , , and CC then RB once IN they PRP get VBP the DT administrative JJ approvals NNS , , they PRP buy VBP it PRP , , '' '' said VBD Mr. NNP Karatz NNP , , adding VBG that IN he PRP believes VBZ the DT joint JJ venture NN is VBZ the DT first JJ of IN its PRP$ kind NN . . 
10 `` `` We PRP usually RB operate VBP in IN that DT conservative JJ manner NN . . '' '' 
36 By IN setting VBG up RP the DT joint JJ venture NN , , Kaufman NNP & CC Broad NNP can MD take VB the DT more RBR aggressive JJ approach NN of IN buying VBG raw JJ land NN , , while IN avoiding VBG the DT negative JJ impacts NNS to TO its PRP$ own JJ balance NN sheet NN , , Mr. NNP Karatz NNP said VBD . . 
29 The DT company NN is VBZ putting VBG up RP only RB 10 CD % NN of IN the DT capital NN , , although IN it PRP is VBZ responsible JJ for IN providing VBG management NN , , planning NN and CC processing NN services NNS to TO the DT joint JJ venture NN . . 
31 `` `` This DT is VBZ one CD of IN the DT best JJS ways NNS to TO assure VB a DT pipeline NN of IN land NN to TO fuel VB our PRP$ growth NN at IN a DT minimum JJ risk NN to TO our PRP$ company NN , , '' '' Mr. NNP Karatz NNP said VBD . . 
19 When WRB the DT price NN of IN plastics NNS took VBD off RP in IN 1987 CD , , Quantum NNP Chemical NNP Corp. NNP went VBD along RB for IN the DT ride NN . . 
32 The DT timing NN of IN Quantum NNP 's POS chief JJ executive JJ officer NN , , John NNP Hoyt NNP Stookey NNP , , appeared VBD to TO be VB nothing NN less RBR than IN inspired VBN , , because IN he PRP had VBD just RB increased VBN Quantum NNP 's POS reliance NN on IN plastics NNS . . 
17 The DT company NN outpaced VBD much JJ of IN the DT chemical JJ industry NN as IN annual JJ profit NN grew VBD fivefold JJ in IN two CD years NNS . . 
22 Mr. NNP Stookey NNP said VBD of IN the DT boom NN , , `` `` It PRP 's VBZ going VBG to TO last VB a DT whole JJ lot NN longer RBR than IN anybody NN thinks VBZ . . '' '' 
12 But CC now RB prices NNS have VBP nose-dived VBN and CC Quantum NNP 's POS profit NN is VBZ plummeting VBG . . 
41 Some DT securities NNS analysts NNS are VBP looking VBG for IN no RB better JJR than IN break-even JJ results NNS from IN the DT company NN for IN the DT third JJ quarter NN , , compared VBN with IN year-earlier JJ profit NN of IN $ $ 99.8 CD million CD , , or CC $ $ 3.92 CD a DT share NN , , on IN sales NNS of IN $ $ 724.4 CD million CD . . 
34 The DT stock NN , , having VBG lost VBN nearly RB a DT quarter NN of IN its PRP$ value NN since IN Sept. NNP 1 CD , , closed VBD at IN $ $ 34.375 CD share NN , , down RB $ $ 1.125 CD , , in IN New NNP York NNP Stock NNP Exchange NNP composite JJ trading NN Friday NNP . . 
24 To TO a DT degree NN , , Quantum NNP represents VBZ the DT new JJ times NNS that WDT have VBP arrived VBN for IN producers NNS of IN the DT so-called JJ commodity NN plastics NNS that WDT pervade VBP modern JJ life NN . . 
22 Having VBG just RB passed VBN through IN one CD of IN the DT most RBS profitable JJ periods NNS in IN their PRP$ history NN , , these DT producers NNS now RB see VBP their PRP$ prices NNS eroding VBG . . 
14 Pricing NN cycles NNS , , to TO be VB sure JJ , , are VBP nothing NN new JJ for IN plastics NNS producers NNS . . 
21 And CC the DT financial JJ decline NN of IN some DT looks VBZ steep JJ only RB in IN comparison NN with IN the DT heady JJ period NN that WDT is VBZ just RB behind IN them PRP . . 
20 `` `` We PRP were VBD all DT wonderful JJ heroes NNS last JJ year NN , , '' '' says VBZ an DT executive NN at IN one CD of IN Quantum NNP 's POS competitors NNS . . 
12 `` `` Now RB we PRP 're VBP at IN the DT bottom NN of IN the DT heap NN . . '' '' 
23 At IN Quantum NNP , , which WDT is VBZ based VBN in IN New NNP York NNP , , the DT trouble NN is VBZ magnified VBN by IN the DT company NN 's POS heavy JJ dependence NN on IN plastics NNS . . 
37 Once RB known VBN as IN National NNP Distillers NNP & CC Chemical NNP Corp. NNP , , the DT company NN exited VBD the DT wine NN and CC spirits NNS business NN and CC plowed VBD more JJR of IN its PRP$ resources NNS into IN plastics NNS after IN Mr. NNP Stookey NNP took VBD the DT chief JJ executive NN 's POS job NN in IN 1986 CD . . 
46 Mr. NNP Stookey NNP , , 59 CD years NNS old JJ , , declined VBD to TO be VB interviewed VBN for IN this DT article NN , , but CC he PRP has VBZ consistently RB argued VBN that IN over IN the DT long JJ haul NN -- : across IN both DT the DT peaks NNS and CC the DT troughs NNS of IN the DT plastics NNS market NN -- : Quantum NNP will MD prosper VB through IN its PRP$ new JJ direction NN . . 
30 Quantum NNP 's POS lot NN is VBZ mostly RB tied VBN to TO polyethylene NN resin NN , , used VBN to TO make VB garbage NN bags NNS , , milk NN jugs NNS , , housewares NNS , , toys NNS and CC meat NN packaging NN , , among IN other JJ items NNS . . 
17 In IN the DT U.S. NNP polyethylene NN market NN , , Quantum NNP has VBZ claimed VBN the DT largest JJS share NN , , about RB 20 CD % NN . . 
31 But CC its PRP$ competitors NNS -- : including VBG Dow NNP Chemical NNP Co. NNP , , Union NNP Carbide NNP Corp. NNP and CC several JJ oil NN giants NNS -- : have VBP much RB broader JJR business NN interests NNS and CC so RB are VBP better RBR cushioned VBN against IN price NN swings NNS . . 
31 When WRB the DT price NN of IN polyethylene NN moves VBZ a DT mere JJ penny NN a DT pound NN , , Quantum NNP 's POS annual JJ profit NN fluctuates VBZ by IN about RB 85 CD cents NNS a DT share NN , , provided VBN no DT other JJ variables NNS are VBP changing VBG . . 
22 In IN recent JJ months NNS the DT price NN of IN polyethylene NN , , even RB more RBR than IN that DT of IN other JJ commodity NN plastics NNS , , has VBZ taken VBN a DT dive NN . . 
27 Benchmark JJ grades NNS , , which WDT still RB sold VBD for IN as RB much JJ as IN 50 CD cents NNS a DT pound NN last JJ spring NN , , have VBP skidded VBN to TO between IN 35 CD cents NNS and CC 40 CD cents NNS . . 
21 Meanwhile RB , , the DT price NN of IN ethylene NN , , the DT chemical JJ building NN block NN of IN polyethylene NN , , has VBZ n't RB dropped VBN nearly RB so RB fast RB . . 
19 That DT discrepancy NN hurts VBZ Quantum NNP badly RB , , because IN its PRP$ own JJ plants NNS cover VBP only RB about RB half NN of IN its PRP$ ethylene NN needs NNS . . 
22 By IN many JJ accounts NNS , , an DT early JJ hint NN of IN a DT price NN rout NN in IN the DT making NN came VBD at IN the DT start NN of IN this DT year NN . . 
16 China NNP , , which WDT had VBD been VBN putting VBG in RP huge JJ orders NNS for IN polyethylene NN , , abruptly RB halted VBD them PRP . . 
33 Calculating VBG that DT excess JJ polyethylene NN would MD soon RB be VB sloshing VBG around IN the DT world NN , , other JJ buyers NNS then RB bet VBD that IN prices NNS had VBD peaked JJ and CC so RB began VBD to TO draw VB down RP inventories NNS rather RB than IN order VB new JJ product NN . . 
30 Kenneth NNP Mitchell NNP , , director NN of IN Dow NNP 's POS polyethylene NN business NN , , says VBZ producers NNS were VBD surprised VBN to TO learn VB how WRB much RB inventories NNS had VBD swelled VBN throughout IN the DT distribution NN chain NN as IN prices NNS spiraled VBD up RB . . 
11 `` `` People NNS were VBD even RB hoarding VBG bags NNS , , '' '' he PRP says VBZ . . 
8 Now RB producers NNS hope VBP prices NNS have VBP hit VBN bottom NN . . 
19 They PRP recently RB announced VBD increases NNS of IN a DT few JJ cents NNS a DT pound NN to TO take VB effect NN in IN the DT next JJ several JJ weeks NNS . . 
21 No DT one NN knows VBZ , , however RB , , whether IN the DT new JJ posted JJ prices NNS will MD stick VB once IN producers NNS and CC customers NNS start VBP to TO haggle VB . . 
20 One CD doubter NN is VBZ George NNP Krug NNP , , a DT chemical-industry NN analyst NN at IN Oppenheimer NNP & CC Co. NNP and CC a DT bear NN on IN plastics NNS stocks NNS . . 
20 Noting VBG others NNS ' POS estimates NNS of IN when WRB price NN increases NNS can MD be VB sustained VBN , , he PRP remarks VBZ , , `` `` Some DT say VBP October NNP . . 
4 Some DT say VBP November NNP . . 
5 I PRP say VBP 1992 CD . . '' '' 
20 He PRP argues VBZ that IN efforts NNS to TO firm VB up RP prices NNS will MD be VB undermined VBN by IN producers NNS ' POS plans NNS to TO expand VB production NN capacity NN . . 
14 A DT quick JJ turnaround NN is VBZ crucial JJ to TO Quantum NNP because IN its PRP$ cash NN requirements NNS remain VBP heavy JJ . . 
19 The DT company NN is VBZ trying VBG to TO carry VB out RP a DT three-year JJ , , $ $ 1.3 CD billion CD plant-expansion JJ program NN started VBD this DT year NN . . 
42 At IN the DT same JJ time NN , , its PRP$ annual JJ payments NNS on IN long-term JJ debt NN will MD more RBR than IN double VB from IN a DT year NN ago RB to TO about RB $ $ 240 CD million CD , , largely RB because IN of IN debt NN taken VBN on RP to TO pay VB a DT $ $ 50-a-share JJ special JJ dividend NN earlier RBR this DT year NN . . 
32 Quantum NNP described VBD the DT payout NN at IN the DT time NN as IN a DT way NN for IN it PRP to TO share VB the DT bonanza NN with IN its PRP$ holders NNS , , because IN its PRP$ stock NN price NN was VBD n't RB reflecting VBG the DT huge JJ profit NN increases NNS . . 
14 Some DT analysts NNS saw VBD the DT payment NN as IN an DT effort NN also RB to TO dispel VB takeover NN speculation NN . . 
52 Whether IN a DT cash NN crunch NN might MD eventually RB force VB the DT company NN to TO cut VB its PRP$ quarterly JJ dividend NN , , raised VBD 36 CD % NN to TO 75 CD cents NNS a DT share NN only RB a DT year NN ago RB , , has VBZ become VBN a DT topic NN of IN intense JJ speculation NN on IN Wall NNP Street NNP since IN Mr. NNP Stookey NNP deflected VBD dividend NN questions NNS in IN a DT Sept. NNP 29 CD meeting NN with IN analysts NNS . . 
23 Some DT viewed VBD his PRP$ response NN -- : that IN company NN directors NNS review VB the DT dividend NN regularly RB -- : as IN nothing NN more JJR than IN the DT standard JJ line NN from IN executives NNS . . 
16 But CC others NNS came VBD away RB thinking VBG he PRP had VBD given VBN something NN less JJR than IN his PRP$ usual JJ straight-from-the-shoulder JJ performance NN . . 
25 In IN any DT case NN , , on IN the DT day NN of IN the DT meeting NN , , Quantum NNP 's POS shares NNS slid VBD $ $ 2.625 CD to TO $ $ 36.625 CD in IN Big NNP Board NNP trading NN . . 
18 On IN top NN of IN everything NN else RB , , Quantum NNP confronts VBZ a DT disaster NN at IN its PRP$ plant NN in IN Morris NNP , , Ill NNP . . 
27 After IN an DT explosion NN idled VBD the DT plant NN in IN June NNP , , the DT company NN progressed VBD in IN September NNP to TO within IN 12 CD hours NNS of IN completing VBG the DT drawn-out JJ process NN of IN restarting VBG it PRP . . 
6 Then RB a DT second JJ explosion NN occurred VBD . . 
10 Two CD workers NNS died VBD and CC six CD remain VBP in IN the DT hospital NN . . 
18 This DT human JJ toll NN adds VBZ the DT most RBS painful JJ dimension NN yet RB to TO the DT sudden JJ change NN in IN Quantum NNP 's POS fortunes NNS . . 
20 Until IN this DT year NN , , the DT company NN had VBD been VBN steadily RB lowering VBG its PRP$ accident NN rate NN and CC picking VBG up RP trade-group NN safety NN awards NNS . . 
17 A DT prolonged JJ production NN halt NN at IN the DT plant NN could MD introduce VB another DT imponderable NN into IN Quantum NNP 's POS financial JJ future NN . . 
25 When WRB a DT plant NN has VBZ just RB been VBN running VBG flat RB out RB to TO meet VB demand NN , , calculating VBG lost JJ profit NN and CC thus RB claims NNS under IN business-interruption JJ insurance NN is VBZ straightforward JJ . . 
20 But CC the DT numbers NNS become VBP trickier JJR -- : and CC subject JJ to TO dickering NN between IN insured NN and CC insurer NN -- : when WRB demand NN is VBZ shifting VBG . . 
43 `` `` You PRP say VBP you PRP could MD have VB sold VBN X NN percent NN of IN this DT product NN and CC Y NN percent NN of IN that DT , , '' '' recalls VBZ Theodore NNP Semegran NNP , , an DT analyst NN at IN Shearson NNP Lehman NNP Hutton NNP who WP went VBD through IN this DT exercise NN during IN his PRP$ former JJ career NN as IN a DT chemical JJ engineer NN . . 
10 `` `` And CC then RB you PRP still RB have VB to TO negotiate VB . . '' '' 
24 Quantum NNP hopes VBZ the DT Morris NNP plant NN , , where WRB limited VBN production NN got VBD under IN way NN last JJ week NN , , will MD resume VB full JJ operation NN by IN year NN 's POS end NN . . 
23 The DT plant NN usually RB accounts VBZ for IN 20 CD % NN to TO 25 CD % NN of IN Quantum NNP 's POS polyethylene NN production NN and CC 50 CD % NN of IN its PRP$ ethylene NN production NN . . 
7 Not RB everything NN looks VBZ grim JJ for IN Quantum NNP . . 
24 The DT plant NN expansion NN should MD strengthen VB the DT company NN 's POS sway NN in IN the DT polyethylene NN business NN , , where WRB market NN share NN is VBZ often RB taken VBN through IN sheer NN capacity NN . . 
17 By IN lifting VBG ethylene NN production NN , , the DT expansion NN will MD also RB lower VB the DT company NN 's POS raw JJ material NN costs NNS . . 
17 Quantum NNP is VBZ also RB tightening VBG its PRP$ grip NN on IN its PRP$ one CD large JJ business NN outside IN chemicals NNS , , propane NN marketing NN . . 
30 Through IN a DT venture NN with IN its PRP$ investment NN banker NN , , First NNP Boston NNP Corp. NNP , , Quantum NNP completed VBD in IN August NNP an DT acquisition NN of IN Petrolane NNP Inc. NNP in IN a DT transaction NN valued VBN at IN $ $ 1.18 CD billion CD . . 
10 Petrolane NNP is VBZ the DT second-largest JJ propane NN distributor NN in IN the DT U.S. NNP . . 
12 The DT largest JJS , , Suburban NNP Propane NNP , , was VBD already RB owned VBN by IN Quantum NNP . . 
12 Still RB , , Quantum NNP has VBZ a DT crisis NN to TO get VB past IN right RB now RB . . 
12 Some DT analysts NNS speculate VBP the DT weakening VBG stock NN may MD yet RB attract VB a DT suitor NN . . 
22 The DT name NN surfacing VBG in IN rumors NNS is VBZ British NNP Petroleum NNP Co. NNP , , which WDT is VBZ looking VBG to TO expand VB its PRP$ polyethylene NN business NN in IN the DT U.S. NNP . . 
34 Asked VBN about IN a DT bid NN for IN Quantum NNP , , a DT BP NNP spokesman NN says VBZ , , `` `` We PRP pretty RB much RB have VBP a DT policy NN of IN not RB commenting VBG on IN rumors NNS , , and CC I PRP think VBP that IN falls VBZ in IN that DT category NN . . 
32 RJR NNP Nabisco NNP Inc. NNP is VBZ disbanding VBG its PRP$ division NN responsible JJ for IN buying VBG network NN advertising NN time NN , , just RB a DT month NN after IN moving VBG 11 CD of IN the DT group NN 's POS 14 CD employees NNS to TO New NNP York NNP from IN Atlanta NNP . . 
55 A DT spokesman NN for IN the DT New NNP York-based JJ food NN and CC tobacco NN giant NN , , taken VBN private JJ earlier RBR this DT year NN in IN a DT $ $ 25 CD billion CD leveraged JJ buy-out NN by IN Kohlberg NNP Kravis NNP Roberts NNP & CC Co. NNP , , confirmed VBD that IN it PRP is VBZ shutting VBG down RP the DT RJR NNP Nabisco NNP Broadcast NNP unit NN , , and CC dismissing VBG its PRP$ 14 CD employees NNS , , in IN a DT move NN to TO save VB money NN . . 
22 The DT spokesman NN said VBD RJR NNP is VBZ discussing VBG its PRP$ network-buying JJ plans NNS with IN its PRP$ two CD main JJ advertising NN firms NNS , , FCB\/Leber NNP Katz NNP and CC McCann NNP Erickson NNP . . 
44 `` `` We PRP found VBD with IN the DT size NN of IN our PRP$ media NNS purchases NNS that IN an DT ad NN agency NN could MD do VB just RB as RB good JJ a DT job NN at IN significantly RB lower JJR cost NN , , '' '' said VBD the DT spokesman NN , , who WP declined VBD to TO specify VB how WRB much JJ RJR NNP spends VBZ on IN network NN television NN time NN . . 
30 An DT executive NN close RB to TO the DT company NN said VBD RJR NNP is VBZ spending VBG about RB $ $ 140 CD million CD on IN network NN television NN time NN this DT year NN , , down RB from IN roughly RB $ $ 200 CD million CD last JJ year NN . . 
28 The DT spokesman NN said VBD the DT broadcast NN unit NN will MD be VB disbanded VBN Dec. NNP 1 CD , , and CC the DT move NN wo MD n't RB affect VB RJR NNP 's POS print NN , , radio NN and CC spot-television JJ buying NN practices NNS . . 
32 The DT broadcast NN group NN had VBD been VBN based VBN in IN New NNP York NNP until IN a DT year NN ago RB , , when WRB RJR NNP 's POS previous JJ management NN moved VBD it PRP to TO Atlanta NNP , , the DT company NN 's POS headquarters NN before IN this DT summer NN . . 
30 One CD employee NN with IN the DT group NN said VBD RJR NNP moved VBD 11 CD employees NNS of IN the DT group NN back RB to TO New NNP York NNP in IN September NNP because IN `` `` there EX was VBD supposed VBN to TO be VB a DT future NN . . '' '' 
25 He PRP said VBD the DT company NN hired VBD three CD more JJR buyers NNS for IN the DT unit NN within IN the DT past JJ two CD weeks NNS , , wooing VBG them PRP from IN jobs NNS with IN advertising NN agencies NNS . . 
35 The DT RJR NNP spokesman NN said VBD the DT company NN moved VBD the DT 11 CD employees NNS to TO New NNP York NNP last JJ month NN because IN the DT group NN had VBD then RB been VBN in IN the DT midst NN of IN purchasing VBG ad NN time NN for IN the DT networks NNS ' POS upcoming JJ season NN . . 
20 `` `` The DT studies NNS -LCB- -LRB- on IN closing VBG the DT unit NN -RCB- -RRB- could MD n't RB be VB completed VBN until IN now RB , , '' '' he PRP said VBD . . 
18 The DT group NN 's POS president NN , , Peter NNP Chrisanthopoulos NNP , , was VBD n't RB in IN his PRP$ office NN Friday NNP afternoon NN to TO comment VB . . 
32 The DT U.S. NNP , , which WDT is VBZ finalizing VBG its PRP$ steel-import JJ quotas NNS , , is VBZ allocating VBG a DT larger JJR share NN of IN its PRP$ steel NN market NN to TO developing JJ and CC newly RB industrialized JJ countries NNS which WDT have VBP relatively RB unsubsidized JJ steel NN industries NNS . . 
30 Meanwhile RB , , the DT U.S. NNP has VBZ negotiated VBN a DT significant JJ cut NN in IN Japan NNP 's POS steel NN quota NN , , and CC made VBN only RB a DT minor JJ increase NN to TO the DT steel NN allotment NN for IN the DT European NNP Community NNP . . 
36 Brazil NNP , , similar JJ to TO Mexico NNP and CC South NNP Korea NNP , , is VBZ expected VBN to TO negotiate VB a DT somewhat RB bigger JJR share NN of IN the DT U.S. NNP market NN than IN it PRP had VBD under IN the DT previous JJ five-year JJ steel NN quotas NNS , , which WDT expired VBD Sept. NNP 30 CD . . 
26 Brazil NNP and CC Venezuela NNP are VBP the DT only JJ two CD countries NNS that WDT have VBP n't RB completed VBN steel NN talks NNS with IN the DT U.S. NNP for IN the DT year NN ending VBG Oct. NNP 1 CD , , 1990 CD . . 
24 In IN recent JJ years NNS , , U.S. NNP steelmakers NNS have VBP supplied VBN about RB 80 CD % NN of IN the DT 100 CD million CD tons NNS of IN steel NN used VBN annually RB by IN the DT nation NN . . 
35 Of IN the DT remaining VBG 20 CD % NN needed VBN , , the DT steel-quota NN negotiations NNS allocate VBP about RB 15 CD % NN to TO foreign JJ suppliers NNS , , with IN the DT difference NN supplied VBN mainly RB by IN Canada NNP -- : which WDT is VBZ n't RB included VBN in IN the DT quota NN program NN . . 
26 Other JJ countries NNS that WDT do VBP n't RB have VB formal JJ steel NN quotas NNS with IN the DT U.S. NNP , , such JJ as IN Taiwan NNP , , Sweden NNP and CC Argentina NNP , , also RB have VBP supplied VBN steel NN . . 
20 Some DT of IN these DT countries NNS have VBP in IN recent JJ years NNS made VBD informal JJ agreements NNS with IN the DT U.S. NNP that WDT are VBP similar JJ to TO quotas NNS . . 
25 The DT Bush NNP administration NN earlier RBR this DT year NN said VBD it PRP would MD extend VB steel NN quotas NNS , , known VBN as IN voluntary JJ restraint NN agreements NNS , , until IN March NNP 31 CD , , 1992 CD . . 
36 It PRP also RB said VBD it PRP would MD use VB that DT two-and-a-half JJ year NN period NN to TO work VB toward IN an DT international JJ consensus NN on IN freeing VBG up RP the DT international JJ steel NN trade NN , , which WDT has VBZ been VBN notoriously RB managed VBN , , subsidized VBN and CC protected VBN by IN governments NNS . . 
23 The DT U.S. NNP termed VBD its PRP$ plan NN , , a DT `` `` trade NN liberalization NN program NN , , '' '' despite IN the DT fact NN that IN it PRP is VBZ merely RB an DT extension NN . . 
38 Mexico NNP , , which WDT was VBD one CD of IN the DT first JJ countries NNS to TO conclude VB its PRP$ steel NN talks NNS with IN the DT U.S. NNP , , virtually RB doubled VBD its PRP$ quota NN to TO 0.95 CD % NN of IN the DT U.S. NNP steel NN market NN from IN 0.48 CD % NN under IN the DT previous JJ quotas NNS . . 
24 South NNP Korea NNP , , which WDT had VBD 1.9 CD % NN under IN the DT previous JJ quotas NNS , , is VBZ set VBN to TO get VB a DT small JJ increase NN to TO about RB 1.95 CD % NN . . 
22 That DT increase NN rises VBZ to TO slightly RB more JJR than IN 2 CD % NN of IN the DT U.S. NNP market NN if IN a DT joint JJ Korean-U.S. NNP steel NN project NN is VBZ included VBN . . 
21 Meanwhile RB , , Brazil NNP is VBZ expected VBN to TO increase VB its PRP$ allowance NN from IN the DT 1.43 CD % NN share NN it PRP has VBZ had VBN in IN recent JJ years NNS . . 
23 The DT EC NNP and CC Japan NNP -- : the DT U.S. NNP 's POS largest JJS steel NN suppliers NNS -- : have VBP n't RB been VBN filling VBG their PRP$ quotas NNS to TO the DT full JJ extent NN . . 
33 The DT EC NNP steel NN industry NN , , which WDT has VBZ been VBN coping VBG with IN strong JJ European JJ demand NN , , has VBZ been VBN supplying VBG about RB 5 CD % NN of IN the DT U.S. NNP market NN compared VBN with IN recent JJ quotas NNS of IN about RB 6.7 CD % NN . . 
22 Japan NNP has VBZ been VBN shipping VBG steel NN to TO total VB about RB 4.5 CD % NN of IN the DT U.S. NNP market NN compared VBN with IN a DT quota NN of IN 5.9 CD % NN . . 
28 In IN the DT recent JJ talks NNS , , the DT EC NNP had VBD its PRP$ quota NN increased VBN about RB 300,000 CD tons NNS , , to TO 7 CD % NN of IN the DT U.S. NNP market NN from IN 6.7 CD % NN in IN 1988 CD . . 
13 But CC its PRP$ quota NN has VBZ been VBN as RB high JJ as IN 6.9 CD % NN in IN 1984 CD . . 
19 Japan NNP , , however RB , , has VBZ agreed VBN to TO cut VB its PRP$ quota NN to TO about RB 5 CD % NN from IN 5.9 CD % NN previously RB . . 
27 Japan NNP , , the DT EC NNP , , Brazil NNP , , Mexico NNP and CC South NNP Korea NNP provide VBP about RB 80 CD % NN of IN the DT steel NN imported VBN to TO the DT U.S. NNP under IN the DT quota NN program NN . . 
17 The DT balance NN is VBZ supplied VBN by IN a DT host NN of IN smaller JJR exporters NNS , , such JJ as IN Australia NNP and CC Venezuela NNP . . 
23 The DT U.S. NNP had VBD about RB an DT extra JJ 2 CD % NN of IN the DT domestic JJ steel NN market NN to TO give VB to TO foreign JJ suppliers NNS in IN its PRP$ quota NN talks NNS . . 
24 That DT was VBD essentially RB made VBN up RP of IN a DT 1 CD % NN increase NN in IN the DT overall JJ quota NN program NN and CC 1 CD % NN from IN cutting VBG Japan NNP 's POS allowance NN . . 
29 Negotiators NNS from IN the DT White NNP House NNP trade NN office NN will MD repeat VB these DT quota NN negotiations NNS next IN year NN when WRB they PRP will MD have VB another DT 1 CD % NN of IN the DT U.S. NNP steel NN market NN to TO allocate VB . . 
43 These DT optional JJ 1%-a-year JJ increases NNS to TO the DT steel NN quota NN program NN are VBP built VBN into IN the DT Bush NNP administration NN 's POS steel-quota NN program NN to TO give VB its PRP$ negotiators NNS leverage NN with IN foreign JJ steel NN suppliers NNS to TO try VB to TO get VB them PRP to TO withdraw VB subsidies NNS and CC protectionism NN from IN their PRP$ own JJ steel NN industries NNS . . 
31 Elcotel NNP Inc. NNP expects VBZ fiscal JJ second-quarter JJ earnings NNS to TO trail VB 1988 CD results NNS , , but CC anticipates VBZ that IN several JJ new JJ products NNS will MD lead VB to TO a DT `` `` much RB stronger JJR '' '' performance NN in IN its PRP$ second JJ half NN . . 
29 Elcotel NNP , , a DT telecommunications NN company NN , , had VBD net JJ income NN of IN $ $ 272,000 CD , , or CC five CD cents NNS a DT share NN , , in IN its PRP$ year-earlier JJ second NN quarter NN , , ended VBN Sept. NNP 30 CD . . 
6 Revenue NN totaled VBD $ $ 5 CD million CD . . 
36 George NNP Pierce NNP , , chairman NN and CC chief JJ executive JJ officer NN , , said VBD in IN an DT interview NN that IN earnings NNS in IN the DT most RBS recent JJ quarter NN will MD be VB about RB two CD cents NNS a DT share NN on IN revenue NN of IN just RB under IN $ $ 4 CD million CD . . 
26 The DT lower JJR results NNS , , Mr. NNP Pierce NNP said VBD , , reflect VBP a DT 12-month JJ decline NN in IN industry NN sales NNS of IN privately RB owned VBN pay NN telephones NNS , , Elcotel NNP 's POS primary JJ business NN . . 
27 Although IN Mr. NNP Pierce NNP expects VBZ that IN line NN of IN business NN to TO strengthen VB in IN the DT next JJ year NN , , he PRP said VBD Elcotel NNP will MD also RB benefit VB from IN moving VBG into IN other JJ areas NNS . . 
18 Foremost RB among IN those DT is VBZ the DT company NN 's POS entrance NN into IN the DT public JJ facsimile NN business NN , , Mr. NNP Pierce NNP said VBD . . 
34 Within IN the DT next JJ year NN , , Elcotel NNP expects VBZ to TO place VB 10,000 CD fax NN machines NNS , , made VBN by IN Minolta NNP in IN Japan NNP , , in IN hotels NNS , , municipal JJ buildings NNS , , drugstores NNS and CC other JJ public JJ settings NNS around IN the DT country NN . . 
18 Elcotel NNP will MD provide VB a DT credit-card NN reader NN for IN the DT machines NNS to TO collect VB , , store VB and CC forward VB billing NN data NNS . . 
21 Mr. NNP Pierce NNP said VBD Elcotel NNP should MD realize VB a DT minimum NN of IN $ $ 10 CD of IN recurring VBG net JJ earnings NNS for IN each DT machine NN each DT month NN . . 
28 Elcotel NNP has VBZ also RB developed VBN an DT automatic JJ call NN processor NN that WDT will MD make VB further JJ use NN of IN the DT company NN 's POS system NN for IN automating VBG and CC handling VBG credit-card NN calls NNS and CC collect JJ calls NNS . . 
23 Automatic JJ call NN processors NNS will MD provide VB that DT system NN for IN virtually RB any DT telephone NN , , Mr. NNP Pierce NNP said VBD , , not RB just RB phones VBZ produced VBN by IN Elcotel NNP . . 
34 The DT company NN will MD also RB be VB producing VBG a DT new JJ line NN of IN convenience NN telephones NNS , , which WDT do VBP n't RB accept VB coins NNS , , for IN use NN in IN hotel NN lobbies NNS , , office NN lobbies NNS , , hospitality NN lounges NNS and CC similar JJ settings NNS . . 
24 Mr. NNP Pierce NNP estimated VBD that IN the DT processors NNS and CC convenience NN phones NNS would MD produce VB about RB $ $ 5 CD of IN recurring VBG net JJ earnings NNS for IN each DT machine NN each DT month NN . . 
27 Britain NNP 's POS retail JJ price NN index NN rose VBD 0.7 CD % NN in IN September NNP from IN August NNP and CC was VBD up RB 7.6 CD % NN for IN the DT year NN , , the DT Central NNP Statistical NNP Office NNP said VBD . . 
35 Quest NNP Medical NNP Inc. NNP said VBD it PRP adopted VBD a DT shareholders NNS ' POS rights NNS plan NN in IN which WDT rights NNS to TO purchase VB shares NNS of IN common JJ stock NN will MD be VB distributed VBN as IN a DT dividend NN to TO shareholders NNS of IN record NN as IN of IN Oct. NNP 23 CD . . 
25 The DT company NN said VBD the DT plan NN was VBD n't RB adopted VBN in IN response NN to TO any DT known VBN offers NNS for IN Quest NNP , , a DT maker NN and CC marketer NN of IN hospital NN products NNS . . 
33 The DT rights NNS allow VBP shareholders NNS to TO purchase VB Quest NNP stock NN at IN a DT discount NN if IN any DT person NN or CC group NN acquires VBZ more JJR than IN 15 CD % NN of IN the DT company NN 's POS common JJ stock NN or CC announces VBZ a DT tender NN offer NN . . 
13 Measuring NN cups NNS may MD soon RB be VB replaced VBN by IN tablespoons NNS in IN the DT laundry NN room NN . . 
23 Procter NNP & CC Gamble NNP Co. NNP plans VBZ to TO begin VB testing VBG next JJ month NN a DT superconcentrated JJ detergent NN that WDT will MD require VB only RB a DT few JJ spoonfuls NNS per IN washload NN . . 
19 The DT move NN stems VBZ from IN lessons NNS learned VBN in IN Japan NNP where WRB local JJ competitors NNS have VBP had VBD phenomenal JJ success NN with IN concentrated JJ soapsuds NNS . . 
25 It PRP also RB marks VBZ P&G NNP 's POS growing VBG concern NN that IN its PRP$ Japanese JJ rivals NNS , , such JJ as IN Kao NNP Corp. NNP , , may MD bring VB their PRP$ superconcentrates NNS to TO the DT U.S. NNP . . 
33 The DT Cincinnati NNP consumer-products NNS giant NN got VBD clobbered VBN two CD years NNS ago RB in IN Japan NNP when WRB Kao NNP introduced VBD a DT powerful JJ detergent NN , , called VBN Attack NNP , , which WDT quickly RB won VBD a DT 30 CD % NN stake NN in IN the DT Japanese JJ markets NNS . . 
16 `` `` They PRP do VBP n't RB want VB to TO get VB caught VBN again RB , , '' '' says VBZ one CD industry NN watcher NN . . 
32 Retailers NNP in IN Phoenix NNP , , Ariz. NNP , , say VBP P&G NNP 's POS new JJ powdered JJ detergent NN -- : to TO be VB called VBN Cheer NNP with IN Color NNP Guard NNP -- : will MD be VB on IN shelves NNS in IN that DT market NN by IN early JJ November NNP . . 
13 A DT P&G NNP spokeswoman NN confirmed VBD that IN shipments NNS to TO Phoenix NNP started VBD late RB last JJ month NN . . 
15 She PRP said VBD the DT company NN will MD study VB results NNS from IN this DT market NN before IN expanding VBG to TO others NNS . . 
8 Superconcentrates NNS are VBP n't RB entirely RB new JJ for IN P&G NNP . . 
16 The DT company NN introduced VBD a DT superconcentrated JJ Lemon NNP Cheer NNP in IN Japan NNP after IN watching VBG the DT success NN of IN Attack NNP . . 
26 When WRB Attack NNP hit VBD the DT shelves NNS in IN 1987 CD , , P&G NNP 's POS share NN of IN the DT Japanese JJ market NN fell VBD to TO about RB 8 CD % NN from IN more JJR than IN 20 CD % NN . . 
18 With IN the DT help NN of IN Lemon NNP Cheer NNP , , P&G NNP 's POS share NN is VBZ now RB estimated VBN to TO be VB 12 CD % NN . . 
42 While IN the DT Japanese NNPS have VBP embraced VBN the DT compact JJ packaging NN and CC convenience NN of IN concentrated JJ products NNS , , the DT true JJ test NN for IN P&G NNP will MD be VB in IN the DT $ $ 4 CD billion CD U.S. NNP detergent NN market NN , , where WRB growth NN is VBZ slow JJ and CC liquids NNS have VBP gained VBN prominence NN over IN powders NNS . . 
37 The DT company NN may MD have VB chosen VBN to TO market VB the DT product NN under IN the DT Cheer NNP name NN since IN it PRP 's VBZ already RB expanded VBN its PRP$ best-selling JJ Tide NNP into IN 16 CD different JJ varieties NNS , , including VBG this DT year NN 's POS big JJ hit NN , , Tide NNP with IN Bleach NN . . 
45 With IN superconcentrates NNS , , however RB , , it PRP is VBZ n't RB always RB easy JJ to TO persuade VB consumers NNS that WDT less JJR is VBZ more JJR ; : many JJ people NNS tend VBP to TO dump VB too RB much JJ detergent NN into IN the DT washing NN machine NN , , believing VBG that IN it PRP takes VBZ a DT cup NN of IN powder NN to TO really RB clean VB the DT laundry NN . . 
24 In IN the DT early JJ 1980s NNS , , P&G NNP tried VBD to TO launch VB here RB a DT concentrated JJ detergent NN under IN the DT Ariel NNP brand NN name NN that IN it PRP markets VBZ in IN Europe NNP . . 
25 But CC the DT product NN , , which WDT was VBD n't RB as RB concentrated JJ as IN the DT new JJ Cheer NNP , , bombed VBD in IN a DT market NN test NN in IN Denver NNP and CC was VBD dropped VBN . . 
30 P&G NNP and CC others NNS also RB have VBP tried VBN repeatedly RB to TO hook VB consumers NNS on IN detergent NN and CC fabric NN softener NN combinations NNS in IN pouches NNS , , but CC they PRP have VBP n't RB sold VBN well RB , , despite IN the DT convenience NN . . 
21 But CC P&G NNP contends VBZ the DT new JJ Cheer NNP is VBZ a DT unique JJ formula NN that WDT also RB offers VBZ an DT ingredient NN that WDT prevents VBZ colors NNS from IN fading VBG . . 
20 And CC retailers NNS are VBP expected VBN to TO embrace VB the DT product NN , , in IN part NN because IN it PRP will MD take VB up RP less JJR shelf NN space NN . . 
22 `` `` When WRB shelf NN space NN was VBD cheap JJ , , bigger JJR was VBD better JJR , , '' '' says VBZ Hugh NNP Zurkuhlen NNP , , an DT analyst NN at IN Salomon NNP Bros NNP . . 
16 But CC with IN so RB many JJ brands NNS vying VBG for IN space NN , , that DT 's VBZ no RB longer RBR the DT case NN . . 
24 If IN the DT new JJ Cheer NNP sells VBZ well RB , , the DT trend NN toward IN smaller JJR packaging NN is VBZ likely JJ to TO accelerate VB as IN competitors NNS follow VBP with IN their PRP$ own JJ superconcentrates NNS . . 
18 Then RB retailers NNS `` `` will MD probably RB push VB the DT -LCB- -LRB- less-established JJ -RCB- -RRB- brands NNS out RP altogether RB , , '' '' he PRP says VBZ . . 
17 Competition NN is VBZ bound JJ to TO get VB tougher JJR if IN Kao NNP introduces VBZ a DT product NN like IN Attack NNP in IN the DT U.S. NNP . . 
30 To TO be VB sure JJ , , Kao NNP would MD n't RB have VB an DT easy JJ time NN taking VBG U.S. NNP market NN share NN away RB from IN the DT mighty JJ P&G NNP , , which WDT has VBZ about RB 23 CD % NN of IN the DT market NN . . 
41 Kao NNP officials NNS previously RB have VBP said VBN they PRP are VBP interested JJ in IN selling VBG detergents NNS in IN the DT U.S. NNP , , but CC so RB far RB the DT company NN has VBZ focused VBN on IN acquisitions NNS , , such JJ as IN last JJ year NN 's POS purchase NN of IN Andrew NNP Jergens NNP Co. NNP , , a DT Cincinnati NNP hand-lotion NN maker NN . . 
9 It PRP also RB has VBZ a DT product-testing NN facility NN in IN California NNP . . 
17 Some DT believe VBP P&G NNP 's POS interest NN in IN a DT superconcentrated JJ detergent NN goes VBZ beyond IN the DT concern NN for IN the DT Japanese NNPS . . 
17 `` `` This DT is VBZ something NN P&G NNP would MD do VB with IN or CC without IN Kao NNP , , '' '' says VBZ Mr. NNP Zurkuhlen NNP . . 
25 With IN economic JJ tension NN between IN the DT U.S. NNP and CC Japan NNP worsening VBG , , many JJ Japanese VBP had VBD feared VBN last JJ week NN 's POS visit NN from IN U.S. NNP Trade NNP Representative NNP Carla NNP Hills NNP . . 
21 They PRP expected VBD a DT new JJ barrage NN of IN demands NNS that IN Japan NNP do VB something NN quickly RB to TO reduce VB its PRP$ trade NN surplus NN with IN the DT U.S. NNP . . 
26 Instead RB , , they PRP got VBD a DT discussion NN of IN the DT need NN for IN the DT U.S. NNP and CC Japan NNP to TO work VB together RB and CC of IN the DT importance NN of IN the DT long-term JJ view NN . . 
30 Mrs. NNP Hills NNP ' POS first JJ trip NN to TO Japan NNP as IN America NNP 's POS chief JJ trade NN negotiator NN had VBD a DT completely RB different JJ tone NN from IN last JJ month NN 's POS visit NN by IN Commerce NNP Secretary NNP Robert NNP A. NNP Mosbacher NNP . . 
22 Mr. NNP Mosbacher NNP called VBD for IN concrete JJ results NNS by IN next JJ spring NN in IN negotiations NNS over IN fundamental JJ Japanese JJ business NN practices NNS that WDT supposedly RB inhibit VBP free JJ trade NN . . 
22 He PRP said VBD such JJ results NNS should MD be VB `` `` measurable JJ in IN dollars NNS and CC cents NNS '' '' in IN reducing VBG the DT U.S. NNP trade NN deficit NN with IN Japan NNP . . 
47 But CC Mrs. NNP Hills NNP , , speaking VBG at IN a DT breakfast NN meeting NN of IN the DT American NNP Chamber NNP of IN Commerce NNP in IN Japan NNP on IN Saturday NNP , , stressed VBD that IN the DT objective NN `` `` is VBZ not RB to TO get VB definitive JJ action NN by IN spring NN or CC summer NN , , it PRP is VBZ rather RB to TO have VB a DT blueprint NN for IN action NN . . '' '' 
33 She PRP added VBD that IN she PRP expected VBD `` `` perhaps RB to TO have VB a DT down JJ payment NN ... : some DT small JJ step NN to TO convince VB the DT American JJ people NNS and CC the DT Japanese JJ people NNS that IN we PRP 're VBP moving VBG in IN earnest NN . . '' '' 
13 How WRB such JJ remarks NNS translate VBP into IN policy NN wo MD n't RB become VB clear JJ for IN months NNS . . 
19 American JJ and CC Japanese JJ officials NNS offered VBD several JJ theories NNS for IN the DT difference NN in IN approach NN betwen NN Mr. NNP Mosbacher NNP and CC Mrs. NNP Hills NNP . . 
9 Many JJ called VBD it PRP simply RB a DT contrast NN in IN styles NNS . . 
10 But CC some DT saw VBD it PRP as IN a DT classic JJ negotiating NN tactic NN . . 
18 Others NNS said VBD the DT Bush NNP administration NN may MD feel VB the DT rhetoric NN on IN both DT sides NNS is VBZ getting VBG out IN of IN hand NN . . 
23 And CC some DT said VBD it PRP reflected VBD the DT growing VBG debate NN in IN Washington NNP over IN pursuing VBG free JJ trade NN with IN Japan NNP versus IN some DT kind NN of IN managed JJ trade NN . . 
45 Asked VBD to TO compare VB her PRP visit NN to TO Mr. NNP Mosbacher NNP 's POS , , Mrs. NNP Hills NNP replied VBD : : `` `` I PRP did VBD n't RB hear VB every DT word NN he PRP spoke VBD , , but CC as IN a DT general JJ proposition NN , , I PRP think VBP we PRP have VBP a DT very RB consistent JJ trade NN strategy NN in IN the DT Bush NNP administration NN . . '' '' 
29 Yet RB more JJR than IN one CD American JJ official NN who WP sat VBD in RP with IN her PRP during IN three CD days NNS of IN talks NNS with IN Japanese JJ officials NNS said VBD her PRP$ tone NN often RB was VBD surprisingly RB `` `` conciliatory JJ . . '' '' 
21 `` `` I PRP think VBP my PRP$ line NN has VBZ been VBN very RB consistent JJ , , '' '' Mrs. NNP Hills NNP said VBD at IN a DT news NN conference NN Saturday NNP afternoon NN . . 
20 `` `` I PRP am VBP painted VBN sometimes RB as IN ferocious JJ , , perhaps RB because IN I PRP have VBP a DT ferocious JJ list NN of IN statutes NNS to TO implement VB . . 
7 I PRP do VBP n't RB feel VB very RB ferocious JJ . . 
9 I PRP do VBP n't RB feel VB either CC hard JJ or CC soft JJ . . 
14 I PRP feel VBP committed JJ to TO the DT program NN of IN opening VBG markets NNS and CC expanding VBG trade NN . . '' '' 
48 When WRB she PRP met VBD the DT local JJ press NN for IN the DT first JJ time NN on IN Friday NNP , , Mrs. NNP Hills NNP firmly RB reiterated VBD the DT need NN for IN progress NN in IN removing VBG barriers NNS to TO trade NN in IN forest NN products NNS , , satellites NNS and CC supercomputers NNS , , three CD areas NNS targeted VBN under IN the DT Super NNP 301 NNP provision NN of IN the DT 1988 CD trade NN bill NN . . 
12 She PRP highlighted VBD exclusionary JJ business NN practices NNS that IN the DT U.S. NNP government NN has VBZ identified VBN . . 
17 But CC her PRP$ main JJ thrust NN was VBD to TO promote VB the DT importance NN of IN world-wide JJ free JJ trade NN and CC open JJ competition NN . . 
21 She PRP said VBD the DT trade NN imbalance NN was VBD mainly RB due JJ to TO macroeconomic JJ factors NNS and CC should MD n't RB be VB tackled VBN by IN setting VBG quantitative JJ targets NNS . . 
19 At IN her PRP$ news NN conference NN for IN Japanese JJ reporters NNS , , one CD economics NN journalist NN summed VBD up RP the DT Japanese JJ sense NN of IN relief NN . . 
26 `` `` My PRP$ impression NN was VBD that IN you PRP would MD be VB a DT scary JJ old JJ lady NN , , '' '' he PRP said VBD , , drawing VBG a DT few JJ nervous JJ chuckles NNS from IN his PRP$ colleagues NNS . . 
22 `` `` But CC I PRP am VBP relieved JJ to TO see VB that IN you PRP are VBP beautiful JJ and CC gentle JJ and CC intelligent JJ and CC a DT person NN of IN integrity NN . . '' '' 
30 Mrs. NNP Hills NNP ' POS remarks NNS did VBD raise NN questions NNS , , at IN least JJS among IN some DT U.S. NNP officials NNS , , about IN what WP exactly RB her PRP$ stance NN is VBZ on IN U.S. NNP access NN to TO the DT Japanese JJ semiconductor NN market NN . . 
16 The DT U.S. NNP share NN of IN the DT Japanese JJ market NN has VBZ been VBN stuck JJ around IN 10 CD % NN for IN years NNS . . 
28 Many JJ Americans NNPS have VBP interpreted VBN a DT 1986 CD agreement NN as IN assuring VBG U.S. NNP companies NNS a DT 20 CD % NN share NN by IN 1991 CD , , but CC the DT Japanese NNPS have VBP denied VBN making VBG any DT such JJ promise NN . . 
24 At IN one CD of IN her PRP$ news NN conferences NNS , , Mrs. NNP Hills NNP said VBD , , `` `` I PRP believe VBP we PRP can MD do VB much RB better RBR than IN 20 CD % NN . . '' '' 
11 But CC she PRP stressed VBD , , `` `` I PRP am VBP against IN managed JJ trade NN . . 
16 I PRP will MD not RB enter VB into IN an DT agreement NN that WDT stipulates VBZ to TO a DT percentage NN of IN the DT market NN . . 
25 Traditional NNP Industries NNP Inc. NNP said VBD it PRP expects VBZ to TO report VB a DT net JJ loss NN for IN the DT fourth JJ quarter NN that WDT ended VBD June NNP 30 CD and CC is VBZ seeking VBG new JJ financing NN . . 
25 The DT seller NN of IN photographic JJ products NNS and CC services NNS said VBD it PRP is VBZ considering VBG a DT number NN of IN financing NN alternatives NNS , , including VBG seeking VBG increases NNS in IN its PRP$ credit NN lines NNS . . 
24 Traditional NNP declined VBD to TO estimate VB the DT amount NN of IN the DT loss NN and CC would MD n't RB say VB if IN it PRP expects VBZ to TO show VB a DT profit NN for IN the DT year NN . . 
24 In IN the DT year NN ended VBN June NNP 30 CD , , 1988 CD , , Traditional NNP reported VBD net JJ income NN of IN $ $ 4.9 CD million CD , , or CC $ $ 1.21 CD a DT share NN . . 
10 The DT company NN did VBD n't RB break VB out RP its PRP$ fourth-quarter JJ results NNS . . 
25 In IN the DT latest JJS nine CD months NNS net JJ income NN was VBD $ $ 4.7 CD million CD , , or CC $ $ 1.31 CD a DT share NN , , on IN revenue NN of IN $ $ 44.3 CD million CD . . 
25 Separately RB , , the DT company NN said VBD it PRP would MD file VB a DT delayed JJ fiscal-year NN report NN with IN the DT Securities NNP and CC Exchange NNP Commission NNP `` `` within IN approximately RB 45 CD days NNS . . '' '' 
20 It PRP said VBD the DT delay NN resulted VBD from IN difficulties NNS in IN resolving VBG its PRP$ accounting NN of IN a DT settlement NN with IN the DT Federal NNP Trade NNP Commission NNP . . 
36 Under IN an DT agreement NN filed VBN in IN federal JJ court NN in IN August NNP to TO settle VB FTC NNP objections NNS to TO some DT Traditional NNP sales NNS practices NNS , , Traditional NNP said VBD it PRP would MD establish VB a DT $ $ 250,000 CD trust NN fund NN to TO provide VB refunds NNS to TO certain JJ customers NNS . . 
28 Information NNP International NNP Inc. NNP said VBD it PRP was VBD sued VBN by IN a DT buyer NN of IN its PRP$ computerized JJ newspaper-publishing JJ system NN , , alleging VBG that IN the DT company NN failed VBD to TO correct VB deficiencies NNS in IN the DT system NN . . 
48 A DT spokesman NN for IN Information NNP International NNP said VBD the DT lawsuit NN by IN two CD units NNS of IN Morris NNP Communications NNP Corp. NNP seeks VBZ restitution NN of IN the DT system NN 's VBZ about RB $ $ 3 CD million CD purchase NN price NN and CC cancellation NN of IN a DT software NN license NN provided VBN by IN the DT Morris NNP units NNS to TO Information NNP International NNP for IN alleged JJ failure NN to TO pay VB royalties NNS . . 
20 Information NNP International NNP said VBD it PRP believes VBZ that IN the DT complaints NNS , , filed VBN in IN federal JJ court NN in IN Georgia NNP , , are VBP without IN merit NN . . 
11 Closely RB held VBN Morris NNP Communications NNP is VBZ based VBN in IN Augusta NNP , , Ga NNP . . 
15 The DT units NNS that WDT filed VBD the DT suit NN are VBP Southeastern NNP Newspapers NNP Corp. NNP and CC Florida NNP Publishing NNP Co NNP . . 
23 Syms NNP Corp. NNP completed VBD the DT sale NN of IN its PRP$ A. NNP Sulka NNP & CC Co. NNP subsidiary NN , , a DT men NNS 's POS luxury NN haberdashery NN , , to TO Luxco NNP Investments NNP . . 
5 Terms NNS were VBD n't RB disclosed VBN . . 
37 As IN Syms NNP 's POS `` `` core JJ business NN of IN off-price JJ retailing NN grows VBZ , , a DT small JJ subsidiary NN that WDT is VBZ operationally RB unrelated JJ becomes VBZ a DT difficult JJ distraction NN , , '' '' said VBD Marcy NNP Syms NNP , , president NN of IN the DT parent NN , , in IN a DT statement NN . . 
16 A DT spokeswoman NN said VBD Sulka NNP operates VBZ a DT total NN of IN seven CD stores NNS in IN the DT U.S. NNP and CC overseas RB . . 
10 Syms NNS operates VBZ 25 CD off-price JJ apparel NN stores NNS in IN the DT U.S. NNP . . 
15 The DT oil NN industry NN 's POS middling JJ profits NNS could MD persist VB through IN the DT rest NN of IN the DT year NN . . 
36 Major JJ oil NN companies NNS in IN the DT next JJ few JJ days NNS are VBP expected VBN to TO report VB much RB less RBR robust JJ earnings NNS than IN they PRP did VBD for IN the DT third JJ quarter NN a DT year NN ago RB , , largely RB reflecting VBG deteriorating VBG chemical NN prices NNS and CC gasoline NN profitability NN . . 
32 The DT gasoline NN picture NN may MD improve VB this DT quarter NN , , but CC chemicals NNS are VBP likely JJ to TO remain VB weak JJ , , industry NN executives NNS and CC analysts NNS say VBP , , reducing VBG chances NNS that IN profits NNS could MD equal VB their PRP$ year-earlier JJ performance NN . . 
32 The DT industry NN is VBZ `` `` seeing VBG a DT softening NN somewhat RB in IN volume NN and CC certainly RB in IN price NN in IN petrochemicals NNS , , '' '' Glenn NNP Cox NNP , , president NN of IN Phillips NNP Petroleum NNP Co. NNP , , said VBD in IN an DT interview NN . . 
21 `` `` That DT change NN will MD obviously RB impact VB third JJ and CC fourth JJ quarter NN earnings NNS '' '' for IN the DT industry NN in IN general JJ , , he PRP added VBD . . 
8 He PRP did VBD n't RB forecast VBN Phillips NNP 's POS results NNS . . 
25 But CC securities NNS analysts NNS say VBP Phillips NNS will MD be VB among IN the DT companies NNS hard-hit JJ by IN weak JJ chemical NN prices NNS and CC will MD probably RB post VB a DT drop NN in IN third-quarter JJ earnings NNS . . 
18 So RB , , too RB , , many JJ analysts NNS predict VBP , , will MD Exxon NNP Corp. NNP , , Chevron NNP Corp. NNP and CC Amoco NNP Corp NNP . . 
23 Typical JJ is VBZ what WP happened VBD to TO the DT price NN of IN ethylene NN , , a DT major JJ commodity NN chemical NN produced VBN in IN vast JJ amounts NNS by IN many JJ oil NN companies NNS . . 
14 It PRP has VBZ plunged VBN 13 CD % NN since IN July NNP to TO around IN 26 CD cents NNS a DT pound NN . . 
17 A DT year NN ago RB ethylene NN sold VBD for IN 33 CD cents NNS , , peaking VBG at IN about RB 34 CD cents NNS last JJ December NNP . . 
11 A DT big JJ reason NN for IN the DT chemical NN price NN retreat NN is VBZ overexpansion NN . . 
19 Beginning VBG in IN mid-1987 NN , , prices NNS began VBD accelerating VBG as IN a DT growing VBG U.S. NNP economy NN and CC the DT weak JJ dollar NN spurred VBD demand NN . . 
5 Companies NNS added VBD capacity NN furiously RB . . 
23 Now RB , , greatly RB increased VBN supplies NNS are VBP on IN the DT market NN , , while IN the DT dollar NN is VBZ stronger JJR , , and CC domestic JJ economic JJ growth NN is VBZ slower JJR . . 
7 Third-quarter JJ profits NNS from IN gasoline NN were VBD weaker JJR . . 
34 `` `` Refining NN margins NNS were VBD so RB good JJ in IN the DT third JJ quarter NN of IN last JJ year NN and CC generally RB not RB very RB good JJ this DT year NN , , '' '' said VBD William NNP Randol NNP , , a DT securities NNS analyst NN at IN First NNP Boston NNP Corp NNP . . 
23 Oil NN company NN refineries NNS ran VBD flat RB out RB to TO prepare VB for IN a DT robust JJ holiday NN driving NN season NN in IN July NNP and CC August NNP that WDT did VBD n't RB materialize VB . . 
11 The DT excess JJ supply NN pushed VBD gasoline NN prices NNS down RP in IN that DT period NN . . 
18 In IN addition NN , , crude JJ oil NN prices NNS were VBD up RB some DT from IN a DT year NN earlier RBR , , further RB pressuring VBG profitability NN . . 
32 Refiners NNS say VBP margins NNS picked VBD up RP in IN September NNP , , and CC many JJ industry NN officials NNS believe VBP gasoline NN profits NNS will MD rebound VB this DT quarter NN , , though IN still RB not RB to TO the DT level NN of IN 1988 CD 's POS fourth JJ quarter NN . . 
15 During IN the DT 1988 CD second JJ half NN , , many JJ companies NNS posted VBD record JJ gasoline NN and CC chemical NN profits NNS . . 
19 Crude JJ oil NN production NN may MD turn VB out RP to TO be VB the DT most RBS surprising JJ element NN of IN companies NNS ' POS earnings NNS this DT year NN . . 
27 Prices NNS -- : averaging VBG roughly RB $ $ 2 CD a DT barrel NN higher JJR in IN the DT third JJ quarter NN than IN a DT year NN earlier RBR -- : have VBP stayed VBN well RB above IN most JJS companies NNS ' POS expectations NNS . . 
17 Demand NN has VBZ been VBN much RB stronger JJR than IN anticipated VBN , , and CC it PRP typically RB accelerates VBZ in IN the DT fourth JJ quarter NN . . 
21 `` `` We PRP could MD see VB higher JJR oil NN prices NNS this DT year NN , , '' '' said VBD Bryan NNP Jacoboski NNP , , an DT analyst NN at IN PaineWebber NNP Inc NNP . . 
30 That DT will MD translate VB into IN sharply RB higher JJR production NN profits NNS , , particularly RB compared VBN with IN last JJ year NN when WRB oil NN prices NNS steadily RB fell VBD to TO below IN $ $ 13 CD a DT barrel NN in IN the DT fourth JJ quarter NN . . 
16 While IN oil NN prices NNS have VBP been VBN better JJR than IN expected VBN , , natural JJ gas NN prices NNS have VBP been VBN worse JJR . . 
17 In IN the DT third JJ quarter NN , , they PRP averaged VBD about RB 5 CD % NN less JJR than IN they PRP were VBD in IN 1988 CD . . 
6 The DT main JJ reason NN remains VBZ weather NN . . 
28 Last JJ summer NN was VBD notable JJ for IN a DT heat NN wave NN and CC drought NN that WDT caused VBD utilities NNS to TO burn VB more JJR natural JJ gas NN to TO feed VB increased JJ electrical JJ demand NN from IN air NN conditioning NN use NN . . 
14 This DT summer NN , , on IN the DT other JJ hand NN , , had VBD milder JJR weather NN than IN usual JJ . . 
23 `` `` We PRP 've VBP been VBN very RB disappointed JJ in IN the DT performance NN of IN natural JJ gas NN prices NNS , , '' '' said VBD Mr. NNP Cox NNP , , Phillips NNP 's POS president NN . . 
19 `` `` The DT lagging VBG gas NN price NN is VBZ not RB going VBG to TO assist VB fourth JJ quarter NN performance NN as IN many JJ had VBD expected VBN . . '' '' 
23 Going VBG into IN the DT fourth JJ quarter NN , , natural JJ gas NN prices NNS are VBP anywhere RB from IN 8 CD % NN to TO 17 CD % NN lower JJR than IN a DT year NN earlier RBR . . 
40 For IN instance NN , , natural JJ gas NN currently RB produced VBN along IN the DT Gulf NNP Coast NNP is VBZ selling VBG on IN the DT spot JJ market NN for IN around IN $ $ 1.47 CD a DT thousand CD cubic JJ feet NNS , , down RB 13 CD % NN from IN $ $ 1.69 CD a DT thousand CD cubic JJ feet NNS a DT year NN ago RB . . 
43 The DT Bush NNP administration NN , , trying VBG to TO blunt JJ growing VBG demands NNS from IN Western NNP Europe NNP for IN a DT relaxation NN of IN controls NNS on IN exports NNS to TO the DT Soviet JJ bloc NN , , is VBZ questioning VBG whether IN Italy NNP 's POS Ing NNP . . C. NNP Olivetti NNP & CC Co. NNP supplied VBD militarily RB valuable JJ technology NN to TO the DT Soviets NNPS . . 
51 Most JJS of IN the DT Western JJ European NNP members NNS of IN Coordinating NNP Committee NNP on IN Multilateral NNP Export NNP Controls NNP , , the DT unofficial JJ forum NN through IN which WDT the DT U.S. NNP and CC its PRP$ allies NNS align VBP their PRP$ export-control JJ policies NNS , , are VBP expected VBN to TO argue VB for IN more RBR liberal JJ export NN rules NNS at IN a DT meeting NN to TO be VB held VBN in IN Paris NNP Oct. NNP 25 CD and CC 26 CD . . 
22 They PRP plan VBP to TO press VB specifically RB for IN a DT relaxation NN of IN rules NNS governing VBG exports NNS of IN machine NN tools NNS , , computers NNS and CC other JJ high-technology NN products NNS . . 
28 But CC the DT Bush NNP administration NN says VBZ it PRP wants VBZ to TO see VB evidence NN that IN all DT Cocom NNP members NNS are VBP complying VBG fully RB with IN existing JJ export-control JJ procedures NNS before IN it PRP will MD support VB further JJ liberalization NN . . 
37 To TO make VB its PRP$ point NN , , it PRP is VBZ challenging VBG the DT Italian JJ government NN to TO explain VB reports NNS that IN Olivetti NNP may MD have VB supplied VBN the DT Soviet NNP Union NNP with IN sophisticated JJ computer-driven JJ devices NNS that WDT could MD be VB used VBN to TO build VB parts NNS for IN combat NN aircraft NN . . 
45 The DT London NNP Sunday NNP Times NNP , , which WDT first RB reported VBD the DT U.S. NNP concerns NNS , , cited VBD a DT U.S. NNP intelligence NN report NN as IN the DT source NN of IN the DT allegations NNS that IN Olivetti NNP exported VBD $ $ 25 CD million CD in IN `` `` embargoed JJ , , state-of-the-art JJ , , flexible JJ manufacturing NN systems NNS to TO the DT Soviet JJ aviation NN industry NN . . '' '' 
9 Olivetti NNP reportedly RB began VBD shipping VBG these DT tools NNS in IN 1984 CD . . 
26 A DT State NNP Department NNP spokesman NN acknowledged VBD that IN the DT U.S. NNP is VBZ discussing VBG the DT allegations NNS with IN the DT Italian JJ government NN and CC Cocom NNP , , but CC declined VBD to TO confirm VB any DT details NNS . . 
15 Italian JJ President NNP Francesco NNP Cossiga NNP promised VBD a DT quick JJ investigation NN into IN whether IN Olivetti NNP broke VBD Cocom NNP rules NNS . . 
18 President NNP Bush NNP called VBD his PRP$ attention NN to TO the DT matter NN during IN the DT Italian JJ leader NN 's POS visit NN here RB last JJ week NN . . 
22 Olivetti NNP has VBZ denied VBN that IN it PRP violated VBD Cocom NNP rules NNS , , asserting VBG that IN the DT reported JJ shipments NNS were VBD properly RB licensed VBN by IN the DT Italian JJ authorities NNS . . 
34 Although IN the DT legality NN of IN these DT sales NNS is VBZ still RB an DT open JJ question NN , , the DT disclosure NN could MD n't RB be VB better RBR timed VBN to TO support VB the DT position NN of IN export-control JJ hawks NNS in IN the DT Pentagon NNP and CC the DT intelligence NN community NN . . 
31 `` `` It PRP seems VBZ to TO me PRP that IN a DT story NN like IN this DT breaks VBZ just RB before IN every DT important JJ Cocom NNP meeting NN , , '' '' said VBD a DT Washington NNP lobbyist NN for IN a DT number NN of IN U.S. NNP computer NN companies NNS . . 
20 The DT Bush NNP administration NN has VBZ sent VBN conflicting JJ signals NNS about IN its PRP$ export-control JJ policies NNS , , reflecting VBG unhealed JJ divisions NNS among IN several JJ competing VBG agencies NNS . . 
37 Last JJ summer NN , , Mr. NNP Bush NNP moved VBD the DT administration NN in IN the DT direction NN of IN gradual JJ liberalization NN when WRB he PRP told VBD a DT North NNP Atlantic NNP Treaty NNP Organization NNP meeting NN that IN he PRP would MD allow VB some DT exceptions NNS to TO the DT Cocom NNP embargo NN of IN strategic JJ goods NNS . . 
28 But CC more RBR recently RB , , the DT Pentagon NNP and CC the DT Commerce NNP Department NNP openly RB feuded VBD over IN the DT extent NN to TO which WDT Cocom NNP should MD liberalize VB exports NNS of IN personal JJ computers NNS to TO the DT bloc NN . . 
17 However RB , , these DT agencies NNS generally RB agree VBP that IN the DT West NNP should MD be VB cautious JJ about IN any DT further JJ liberalization NN . . 
26 `` `` There EX 's VBZ no DT evidence NN that IN the DT Soviet JJ program NN to TO -LRB- -LRB- illegally RB -RRB- -RRB- acquire VB Western JJ technology NN has VBZ diminished VBN , , '' '' said VBD a DT State NNP Department NNP spokesman NN . . 
25 Salomon NNP Brothers NNP International NNP Ltd. NNP , , a DT British JJ subsidiary NN of IN Salomon NNP Inc. NNP , , announced VBD it PRP will MD issue VB warrants NNS on IN shares NNS of IN Hong NNP Kong NNP Telecommunications NNP Ltd NNP . . 
20 The DT move NN closely RB follows VBZ a DT similar JJ offer NN by IN Salomon NNP of IN warrants NNS for IN shares NNS of IN Hongkong NNP & CC Shanghai NNP Banking NNP Corp NNP . . 
42 Under IN the DT latest JJS offer NN , , HK$ $ 62.5 CD million CD -LRB- -LRB- US$ $ 8 CD million CD -RRB- -RRB- of IN three-year JJ warrants NNS will MD be VB issued VBN in IN London NNP , , each DT giving VBG buyers NNS the DT right NN to TO buy VB one CD Hong NNP Kong NNP Telecommunications NNP share NN at IN a DT price NN to TO be VB determined VBN Friday NNP . . 
27 The DT 50 CD million CD warrants NNS will MD be VB priced VBN at IN HK$ $ 1.25 CD each DT and CC are VBP expected VBN to TO carry VB a DT premium NN to TO the DT share NN price NN of IN about RB 26 CD % NN . . 
19 In IN trading VBG on IN the DT Stock NNP Exchange NNP of IN Hong NNP Kong NNP , , the DT shares NNS closed VBD Wednesday NNP at IN HK$ $ 4.80 CD each DT . . 
25 At IN this DT price NN , , the DT shares NNS would MD have VB to TO rise VB above IN HK$ $ 6.05 CD for IN subscribers NNS to TO Salomon NNP 's POS issue NN to TO profitably RB convert VB their PRP$ warrants NNS . . 
30 While IN Hong NNP Kong NNP companies NNS have VBP in IN the DT past NN issued VBD warrants NNS on IN their PRP$ own JJ shares NNS , , Salomon NNP 's POS warrants NNS are VBP the DT first JJ here RB to TO be VB issued VBN by IN a DT third JJ party NN . . 
24 Salomon NNP will MD `` `` cover VB '' '' the DT warrants NNS by IN buying VBG sufficient JJ shares NNS , , or CC options NNS to TO purchase NN shares NNS , , to TO cover VB its PRP$ entire JJ position NN . . 
37 Bankers NNS said VBD warrants NNS for IN Hong NNP Kong NNP stocks NNS are VBP attractive JJ because IN they PRP give VBP foreign JJ investors NNS , , wary JJ of IN volatility NN in IN the DT colony NN 's POS stock NN market NN , , an DT opportunity NN to TO buy VB shares NNS without IN taking VBG too RB great JJ a DT risk NN . . 
38 The DT Hong NNP Kong NNP Telecommunications NNP warrants NNS should MD be VB attractive JJ to TO buyers NNS in IN Europe NNP , , the DT bankers NNS added VBD , , because IN the DT group NN is VBZ one CD of IN a DT handful NN of IN blue-chip JJ stocks NNS on IN the DT Hong NNP Kong NNP market NN that WDT has VBZ international JJ appeal NN . . 
44 Financial NNP Corp. NNP of IN Santa NNP Barbara NNP filed VBD suit NN against IN former JJ stock NN speculator NN Ivan NNP F. NNP Boesky NNP and CC Drexel NNP Burnham NNP Lambert NNP Inc. NNP , , charging VBG they PRP defrauded VBD the DT thrift NN by IN concealing VBG their PRP$ relationship NN when WRB persuading VBG it PRP to TO buy VB $ $ 284 CD million CD in IN high-yield JJ , , high-risk JJ junk NN bonds NNS . . 
29 In IN a DT suit NN filed VBN in IN federal JJ court NN Thursday NNP , , the DT S&L NNP alleged VBD that IN a DT `` `` disproportionate JJ number NN '' '' of IN the DT bonds NNS it PRP purchased VBD in IN 1984 CD declined VBD in IN value NN . . 
36 Financial NNP Corp. NNP purchased VBD the DT bonds NNS , , the DT suit NN alleged VBD , , after IN Mr. NNP Boesky NNP and CC Drexel NNP negotiated VBD an DT agreement NN for IN Vagabond NNP Hotels NNP to TO purchase VB a DT 51 CD % NN stake NN in IN the DT thrift NN for IN about RB $ $ 34 CD million CD . . 
19 Vagabond NNP Hotels NNP was VBD controlled VBN by IN Mr. NNP Boesky NNP , , who WP currently RB is VBZ serving VBG a DT prison NN term NN for IN securities NNS violations NNS . . 
16 Officials NNS at IN Drexel NNP said VBD they PRP had VBD n't RB seen VBN the DT suit NN and CC thus RB could MD n't RB comment VB . . 
19 In IN addition NN to TO $ $ 33 CD million CD compensatory JJ damages NNS , , the DT suit NN seeks VBZ $ $ 100 CD million CD in IN punitive JJ damages NNS . . 
21 Also RB named VBN in IN the DT suit NN is VBZ Ivan NNP F. NNP Boesky NNP Corp. NNP and CC Northview NNP Corp. NNP , , the DT successor NN company NN to TO Vagabonds NNP Hotels NNP . . 
7 Northview NNP officials NNS could MD n't RB be VB located VBN . . 
36 Financial NNP Corp. NNP said VBD it PRP agreed VBD to TO buy VB the DT bonds NNS after IN a DT representative NN of IN Ivan NNP F. NNP Boesky NNP Corp. NNP visited VBD it PRP in IN November NNP 1983 CD and CC said VBD Financial NNP Corp. NNP could MD improve VB its PRP$ financial JJ condition NN by IN purchasing VBG the DT bonds NNS . . 
33 Shortly RB before IN the DT visit NN , , Mr. NNP Boesky NNP and CC Drexel NNP representives NNS had VBD met VBN with IN Financial NNP Corp. NNP officials NNS and CC had VBD signed VBN a DT letter NN of IN intent NN to TO acquire VB the DT 51 CD % NN stake NN in IN the DT company NN . . 
10 However RB , , the DT agreement NN was VBD canceled VBN in IN June NNP 1984 CD . . 
30 Financial NNP Corp. NNP purchased VBD the DT bonds NNS in IN at IN least JJS 70 CD different JJ transactions NNS in IN 1984 CD and CC since IN then RB has VBZ realized VBN $ $ 11 CD million CD in IN losses NNS on IN them PRP , , the DT company NN said VBD . . 
45 Ideal NNP Basic NNP Industries NNP Inc. NNP said VBD its PRP$ directors NNS reached VBD an DT agreement NN in IN principle NN calling VBG for IN HOFI NNP North NNP America NNP Inc. NNP to TO combine VB its PRP$ North JJ American JJ cement NN holdings NNS with IN Ideal NNP in IN a DT transaction NN that WDT will MD leave VB Ideal NNP 's POS minority NN shareholders NNS with IN 12.8 CD % NN of IN the DT combined JJ company NN . . 
44 HOFI NNP , , the DT North JJ American JJ holding NN company NN of IN Swiss JJ concern NN Holderbank NNP Financiere NNP Glaris NNP Ltd. NNP , , previously RB proposed VBD combining VBG its PRP$ 100 CD % NN stake NN in IN St. NNP Lawrence NNP Cement NNP Inc. NNP and CC its PRP$ 60 CD % NN stake NN in IN Dundee NNP Cement NNP Co. NNP with IN its PRP$ 67 CD % NN stake NN in IN Ideal NN . . 
20 But CC HOFI NNP 's POS first JJ offer NN would MD have VB given VBN Ideal NNP 's POS other JJ shareholders NNS about RB 10 CD % NN of IN the DT combined JJ company NN . . 
16 Ideal NNP 's POS directors NNS rejected VBD that DT offer NN , , although IN they PRP said VBD they PRP endorsed VBD the DT merger NN proposal NN . . 
14 Under IN the DT agreement NN , , HOFI NNP will MD own VB 87.2 CD % NN of IN the DT combined JJ company NN . . 
14 Ideal NNP 's POS current JJ operations NNS will MD represent VB about RB 39.2 CD % NN of IN the DT combined JJ company NN . . 
14 The DT transaction NN is VBZ subject JJ to TO a DT definitive JJ agreement NN and CC approval NN by IN Ideal NNP shareholders NNS . . 
12 Ideal NNP said VBD it PRP expects VBZ to TO complete VB the DT transaction NN early RB next JJ year NN . . 
21 While IN corn NN and CC soybean NN prices NNS have VBP slumped VBN well RB below IN their PRP$ drought-induced JJ peaks NNS of IN 1988 CD , , wheat NN prices NNS remain VBP stubbornly RB high JJ . . 
16 And CC they PRP 're VBP likely JJ to TO stay VB that DT way NN for IN months NNS to TO come VB , , analysts NNS say VBP . . 
33 For IN one CD thing NN , , even RB with IN many JJ farmers NNS planting VBG more JJR winter NN wheat NN this DT year NN than IN last JJ , , tight JJ wheat NN supplies NNS are VBP likely JJ to TO support VB prices NNS well RB into IN 1990 CD , , the DT analysts NNS say VBP . . 
32 And CC if IN rain NN does VBZ n't RB fall VB soon RB across IN many JJ of IN the DT Great NNP Plains NNP ' POS wheat-growing JJ areas NNS , , yields NNS in IN the DT crop NN now RB being VBG planted VBN could MD be VB reduced VBN , , further RB squeezing VBG supplies NNS . . 
20 Also RB supporting VBG prices NNS are VBP expectations NNS that IN the DT Soviet NNP Union NNP will MD place VB substantial JJ buying NN orders NNS over IN the DT next JJ few JJ months NNS . . 
37 By IN next JJ May NNP 31 CD , , stocks NNS of IN U.S. NNP wheat NN to TO be VB carried VBN over RP into IN the DT next JJ season NN -- : before IN the DT winter NN wheat NN now RB being VBG planted VBN is VBZ harvested VBN -- : are VBP projected VBN to TO drop VB to TO 443 CD million CD bushels NNS . . 
11 That DT would MD be VB the DT lowest JJS level NN since IN the DT early JJ 1970s NNS . . 
12 Stocks NNS were VBD 698 CD million CD bushels NNS on IN May NNP 31 CD of IN this DT year NN . . 
40 In IN response NN to TO dwindling VBG domestic JJ supplies NNS , , Agriculture NNP Secretary NNP Clayton NNP Yeutter NNP last JJ month NN said VBD the DT U.S. NNP government NN would MD slightly RB increase VB the DT number NN of IN acres NNS farmers NNS can MD plant VB in IN wheat NN for IN next JJ year NN and CC still RB qualify VB for IN federal JJ support NN payments NNS . . 
18 The DT government NN estimates VBZ that IN the DT new JJ plan NN will MD boost VB production NN next JJ year NN by IN about RB 66 CD million CD bushels NNS . . 
30 It PRP now RB estimates VBZ production NN for IN next JJ year NN at IN just RB under IN 2.6 CD billion CD bushels NNS , , compared VBN with IN this DT year NN 's VBZ estimated JJ 2.04 CD billion CD and CC a DT drought-stunted JJ 1.81 CD billion CD in IN 1988 CD . . 
25 But CC the DT full JJ effect NN on IN prices NNS of IN the DT winter NN wheat NN now RB being VBG planted VBN wo MD n't RB be VB felt VBN until IN the DT second JJ half NN of IN next JJ year NN . . 
19 Until IN then RB , , limited JJ stocks NNS are VBP likely JJ to TO keep VB prices NNS near IN the DT $ $ 4-a-bushel JJ level NN , , analysts NNS say VBP . . 
21 On IN the DT Chicago NNP Board NNP of IN Trade NNP Friday NNP , , wheat NN for IN December NNP delivery NN settled VBD at IN $ $ 4.0675 CD a DT bushel NN , , unchanged JJ . . 
34 In IN theory NN at IN least JJS , , tight JJ supplies NNS next JJ spring NN could MD leave VB the DT wheat NN futures NNS market NN susceptible JJ to TO a DT supply-demand JJ squeeze NN , , said VBD Daniel NNP Basse NNP , , a DT futures NNS analyst NN with IN AgResource NNP Co. NNP in IN Chicago NNP . . 
28 Such PDT a DT situation NN can MD wreak VB havoc NN , , as IN was VBD shown VBN by IN the DT emergency NN that WDT developed VBD in IN soybean NN futures NNS trading NN this DT summer NN on IN the DT Chicago NNP Board NNP of IN Trade NNP . . 
24 In IN July NNP , , the DT CBOT NNP ordered VBD Ferruzzi NNP Finanziaria NNP S.p NNP . . A. NNP to TO liquidate VB futures NNS positions NNS equal JJ to TO about RB 23 CD million CD bushels NNS of IN soybeans NNS . . 
41 The DT exchange NN said VBD it PRP feared VBD that IN some DT members NNS would MD n't RB be VB able JJ to TO find VB enough JJ soybeans NNS to TO deliver VB and CC would MD have VB to TO default VB on IN their PRP$ contractual JJ obligation NN to TO the DT Italian JJ conglomerate NN , , which WDT had VBD refused VBN requests NNS to TO reduce VB its PRP$ holdings NNS . . 
13 Ferruzzi NNP has VBZ denied VBN it PRP was VBD trying VBG to TO manipulate VB the DT soybean NN futures NNS market NN . . 
49 Unseasonably RB hot JJ , , dry JJ weather NN across IN large JJ portions NNS of IN the DT Great NNP Plains NNP and CC in IN wheat-growing JJ areas NNS in IN Washington NNP and CC Oregon NNP is VBZ threatening VBG to TO reduce VB the DT yield NN from IN this DT season NN 's POS winter NN wheat NN crop NN , , said VBD Conrad NNP Leslie NNP , , a DT futures NNS analyst NN and CC head NN of IN Leslie NNP Analytical NNP in IN Chicago NNP . . 
20 For IN example NN , , in IN the DT Oklahoma NNP panhandle NN , , 40 CD % NN or CC more JJR of IN the DT topsoil NN is VBZ short JJ of IN moisture NN . . 
16 That DT figure NN climbs VBZ to TO about RB 47 CD % NN in IN wheat-growing JJ portions NNS of IN Kansas NNP , , he PRP said VBD . . 
37 The DT Soviet NNP Union NNP has VBZ n't RB given VBN any DT clear JJ indication NN of IN its PRP$ wheat NN purchase NN plans NNS , , but CC many JJ analysts NNS expect VBP Moscow NNP to TO place VB sizable JJ orders NNS for IN U.S. NNP wheat NN in IN the DT next JJ few JJ months NNS , , further RB supporting VBG prices NNS . . 
30 `` `` Wheat JJ prices NNS will MD increasingly RB pivot VB off IN of IN Soviet JJ demand NN '' '' in IN coming JJ weeks NNS , , predicted VBD Richard NNP Feltes NNP , , vice NN president NN , , research NN , , for IN Refco NNP Inc. NNP in IN Chicago NNP . . 
9 Looking VBG ahead RB to TO other JJ commodity NN markets NNS this DT week NN : : 
22 Orange NN Juice NN Traders NNS will MD be VB watching VBG to TO see VB how WRB long RB and CC how WRB far RB the DT price NN decline NN that WDT began VBD Friday NNP will MD go VB . . 
31 Late RB Thursday NNP , , after IN the DT close NN of IN trading NN , , the DT market NN received VBD what WP would MD normally RB have VB been VBN a DT bullish JJ U.S. NNP Department NNP of IN Agriculture NNP estimate NN of IN the DT 1989-90 CD Florida NNP orange NN crop NN . . 
23 It PRP was VBD near IN the DT low JJ range NN of IN estimates NNS , , at IN 130 CD million CD 90-pound JJ boxes NNS , , compared VBN with IN 146.6 CD million CD boxes NNS last JJ season NN . . 
35 However RB , , as IN expected VBN , , Brazil NNP waited VBD for IN the DT crop NN estimate NN to TO come VB out RP and CC then RB cut VB the DT export NN price NN of IN its PRP$ juice NN concentrate NN to TO about RB $ $ 1.34 CD a DT pound NN from IN around IN $ $ 1.55 CD . . 
36 Friday NNP 's POS consequent JJ selling NN of IN futures NNS contracts NNS erased VBD whatever WDT supportive JJ effect NN the DT U.S. NNP report NN might MD have VB had VBD and CC sent VBD the DT November NNP orange NN juice NN contract NN down RB as RB much JJ as IN 6.55 CD cents NNS a DT pound NN at IN one CD time NN . . 
14 It PRP settled VBD with IN a DT loss NN of IN 4.95 CD cents NNS at IN $ $ 1.3210 CD a DT pound NN . . 
28 Brazilian JJ juice NN , , after IN a DT delay NN caused VBN by IN drought NN at IN the DT start NN of IN its PRP$ crop NN season NN , , is VBZ beginning VBG to TO arrive VB in IN the DT U.S. NNP in IN large JJ quantities NNS . . 
18 Brazil NNP wants VBZ to TO stimulate VB demand NN for IN its PRP$ product NN , , which WDT is VBZ going VBG to TO be VB in IN plentiful JJ supply NN . . 
25 The DT price NN cut NN , , one CD analyst NN said VBD , , appeared VBD to TO be VB aimed VBN even RB more RBR at IN Europe NNP , , where WRB consumption NN of IN Brazilian JJ juice NN has VBZ fallen VBN . . 
22 It PRP 's VBZ a DT dollar-priced JJ product NN , , and CC the DT strong JJ dollar NN has VBZ made VBN it PRP more RBR expensive JJ in IN Europe NNP , , the DT analyst NN said VBD . . 
17 New NNP York NNP futures NNS prices NNS have VBP dropped VBN significantly RB from IN more JJR than IN $ $ 2 CD a DT pound NN at IN midyear NN . . 
40 Barring VBG a DT cold JJ snap NN or CC other JJ crop NN problems NNS in IN the DT growing NN areas NNS , , downward JJ pressure NN on IN prices NNS is VBZ likely JJ to TO continue VB into IN January NNP , , when WRB harvesting NN and CC processing NN of IN oranges NNS in IN Florida NNP reach VBP their PRP$ peak NN , , the DT analyst NN said VBD . . 
1 Energy NN 
30 Although IN some DT analysts NNS look VBP for IN profit-taking NN in IN the DT wake NN of IN Friday NNP 's POS leap NN in IN crude JJ oil NN prices NNS , , last JJ week NN 's POS rally NN is VBZ generally RB expected VBN to TO continue VB this DT week NN . . 
32 `` `` I PRP would MD continue VB to TO look VB for IN a DT stable JJ crude NN market NN , , at IN least JJS in IN futures NNS '' '' trading NN , , said VBD William NNP Hinton NNP , , an DT energy NN futures NNS broker NN with IN Stotler NNP & CC Co NNP . . 
17 Friday NNP capped VBD a DT week NN of IN steadily RB rising VBG crude JJ oil NN prices NNS in IN both CC futures NNS and CC spot NN markets NNS . . 
28 On IN the DT New NNP York NNP Mercantile NNP Exchange NNP , , West NNP Texas NNP Intermediate NNP crude NN for IN November NNP delivery NN finished VBD at IN $ $ 20.89 CD a DT barrel NN , , up RB 42 CD cents NNS on IN the DT day NN . . 
21 On IN European JJ markets NNS , , meanwhile RB , , spot NN prices NNS of IN North NNP Sea NNP crudes NNS were VBD up RB 35 CD to TO 75 CD cents NNS a DT barrel NN . . 
24 `` `` This DT market NN still RB wants VBZ to TO go VB higher RBR , , '' '' said VBD Nauman NNP Barakat NNP , , a DT first JJ vice NN president NN at IN Shearson NNP Lehman NNP Hutton NNP Inc NNP . . 
21 He PRP predicted VBD that IN the DT November NNP contract NN will MD reach VB $ $ 21.50 CD a DT barrel NN or CC more JJR on IN the DT New NNP York NNP Mercantile NNP Exchange NNP . . 
15 There EX has VBZ been VBN little JJ news NN to TO account VB for IN such JJ buoyancy NN in IN the DT oil NN markets NNS . . 
24 Analysts NNS generally RB cite VBP a DT lack NN of IN bearish JJ developments NNS as RB well RB as IN rumors NNS of IN a DT possible JJ tightening NN of IN supplies NNS of IN some DT fuels NNS and CC crudes NNS . . 
36 There EX also RB are VBP recurring VBG reports NNS that IN the DT Soviet NNP Union NNP is VBZ having VBG difficulties NNS with IN its PRP$ oil NN exports NNS and CC that IN Nigeria NNP has VBZ about RB reached VBN its PRP$ production NN limit NN and CC ca MD n't RB produce VB as RB much JJ as IN it PRP could MD sell VB . . 
25 Many JJ traders NNS foresee VBP a DT tightening NN of IN near-term JJ supplies NNS , , particularly RB of IN high-quality JJ crudes NNS such JJ as IN those DT produced VBN in IN the DT North NNP Sea NNP and CC in IN Nigeria NNP . . 
31 If IN a DT hostile JJ predator NN emerges VBZ for IN Saatchi NNP & CC Saatchi NNP Co. NNP , , co-founders NNS Charles NNP and CC Maurice NNP Saatchi NNP will MD lead VB a DT management NN buy-out NN attempt NN , , an DT official JJ close NN to TO the DT company NN said VBD . . 
26 Financing NN for IN any DT takeover NN attempt NN may MD be VB problematic JJ in IN the DT wake NN of IN Friday NNP 's POS stock-market NN sell-off NN in IN New NNP York NNP and CC turmoil NN in IN the DT junk-bond NN market NN . . 
34 But CC the DT beleaguered JJ British JJ advertising NN and CC consulting NN giant NN , , which WDT last JJ week NN named VBD a DT new JJ chief JJ executive JJ officer NN to TO replace VB Maurice NNP Saatchi NNP , , has VBZ been VBN the DT subject NN of IN intense JJ takeover NN speculation NN for IN weeks NNS . . 
29 Last JJ week NN , , Saatchi NNP 's POS largest JJS shareholder NN , , Southeastern NNP Asset NNP Management NNP , , said VBD it PRP had VBD been VBN approached VBN by IN one CD or CC more JJR third JJ parties NNS interested JJ in IN a DT possible JJ restructuring NN . . 
37 And CC Carl NNP Spielvogel NNP , , chief JJ executive JJ officer NN of IN Saatchi NNP 's POS big JJ Backer NNP Spielvogel NNP Bates NNP advertising NN unit NN , , said VBD he PRP had VBD offered VBN to TO lead VB a DT management NN buy-out NN of IN the DT company NN , , but CC was VBD rebuffed VBN by IN Charles NNP Saatchi NNP . . 
11 Mr. NNP Spielvogel NNP said VBD he PRP would MD n't RB launch VB a DT hostile JJ bid NN . . 
44 The DT executive NN close RB to TO Saatchi NNP & CC Saatchi NNP said VBD that IN `` `` if IN a DT bidder NN came VBD up RP with IN a DT ludicrously RB high JJ offer NN , , a DT crazy JJ offer NN which WDT Saatchi NNP knew VBD it PRP could MD n't RB beat VB , , it PRP would MD have VB no DT choice NN but CC to TO recommend VB it PRP to TO shareholders NNS . . 
16 But CC -LCB- -LRB- otherwise RB -RCB- -RRB- it PRP would MD undoubtedly RB come VB back RP '' '' with IN an DT offer NN by IN management NN . . 
30 The DT executive NN said VBD any DT buy-out NN would MD be VB led VBN by IN the DT current JJ board NN , , whose WP$ chairman NN is VBZ Maurice NNP Saatchi NNP and CC whose WP$ strategic JJ guiding JJ force NN is VBZ believed VBN to TO be VB Charles NNP Saatchi NNP . . 
24 Mr. NNP Spielvogel NNP is VBZ n't RB part NN of IN the DT board NN , , nor CC are VBP any DT of IN the DT other JJ heads NNS of IN Saatchi NNP 's POS big JJ U.S.-based JJ ad NN agencies NNS . . 
22 The DT executive NN did VBD n't RB name VB any DT price NN , , but CC securities NNS analysts NNS have VBP said VBD Saatchi NNS would MD fetch VB upward RB of IN $ $ 1.3 CD billion CD . . 
30 The DT executive NN denied VBD speculation NN that IN Saatchi NNP was VBD bringing VBG in RP the DT new JJ chief JJ executive JJ officer NN only RB to TO clean VB up RP the DT company NN financially RB so IN that IN the DT brothers NNS could MD lead VB a DT buy-back NN . . 
33 That DT speculation NN abounded VBD Friday NNP as IN industry NN executives NNS analyzed VBD the DT appointment NN of IN the DT new JJ chief JJ executive NN , , Robert NNP Louis-Dreyfus NNP , , who WP joins VBZ Saatchi NNP and CC becomes VBZ a DT member NN of IN its PRP$ board NN on IN Jan. NNP 1 CD . . 
37 Mr. NNP Louis-Dreyfus NNP , , formerly RB chief JJ executive NN of IN the DT pharmaceutical JJ research NN firm NN IMS NNP International NNP Inc. NNP , , has VBZ a DT reputation NN as IN a DT savvy JJ financial JJ manager NN , , and CC will MD be VB charged VBN largely RB with IN repairing VBG Saatchi NNP 's POS poor JJ financial JJ state NN . . 
37 Asked VBN about IN the DT speculation NN that IN Mr. NNP Louis-Dreyfus NNP has VBZ been VBN hired VBN to TO pave VB the DT way NN for IN a DT buy-out NN by IN the DT brothers NNS , , the DT executive NN replied VBD , , `` `` That DT is VBZ n't RB the DT reason NN Dreyfus NNP has VBZ been VBN brought VBN in RP . . 
11 He PRP was VBD brought VBN in RP to TO turn VB around RP the DT company NN . . '' '' 
21 Separately RB , , several JJ Saatchi NNP agency NN clients NNS said VBD they PRP believe VBP the DT company NN 's POS management NN shakeup NN will MD have VB little JJ affect NN on IN them PRP . . 
33 `` `` It PRP has VBZ n't RB had VBN any DT impact NN on IN us PRP , , nor CC do VBP we PRP expect VB it PRP to TO , , '' '' said VBD a DT spokeswoman NN for IN Miller NNP Brewing NNP Co. NNP , , a DT major JJ client NN of IN Backer NNP Spielvogel NNP . . 
42 John NNP Lampe NNP , , director NN of IN advertising NN at IN PaineWebber NNP Inc. NNP , , a DT Saatchi NNP & CC Saatchi NNP Advertising NNP client NN , , said VBD : : `` `` We PRP have VBP no DT problem NN with IN the DT announcement NN , , because IN we PRP do VBP n't RB know VB what WP change NN it PRP 's VBZ going VBG to TO bring VB about RP . . 
15 We PRP are VBP n't RB going VBG to TO change VB agencies NNS because IN of IN a DT change NN in IN London NNP . . '' '' 
25 Executives NNS at IN Backer NNP Spielvogel NNP client NN Avis NNP Inc. NNP , , as RB well RB as IN at IN Saatchi NNS client NN Philips NNP Lighting NNP Co. NNP , , also RB said VBD they PRP saw VBD no DT effect NN . . 
19 Executives NNS at IN Prudential-Bache NNP Securities NNP Inc. NNP , , a DT Backer NNP Spielvogel NNP client NN that WDT is VBZ reviewing VBG its PRP$ account NN , , declined VBD comment NN . . 
29 Mr. NNP Spielvogel NNP had VBD said VBD that IN Prudential-Bache NNP was VBD prepared VBN to TO finance VB either CC a DT management NN buy-out NN and CC restructuring NN , , or CC a DT buy-out NN of IN Backer NNP Spielvogel NNP alone RB , , led VBN by IN him PRP . . 
4 Ad NN Notes NNS ... : . . 
3 NEW JJ ACCOUNT NN : : 
27 California NNP 's POS Glendale NNP Federal NNP Bank NNP awarded VBD its PRP$ $ $ 12 CD million CD to TO $ $ 15 CD million CD account NN to TO the DT Los NNP Angeles NNP office NN of IN Omnicom NNP Group NNP 's POS BBDO NNP agency NN . . 
19 The DT account NN was VBD previously RB handled VBN by IN Davis NNP , , Ball NNP & CC Colombatto NNP Advertising NNP Inc. NNP , , a DT Los NNP Angeles NNP agency NN . . 
3 ACCOUNT NNP REVIEW NNP : : 
21 Royal NNP Crown NNP Cola NNP Co. NNP has VBZ ended VBN its PRP$ relationship NN with IN the DT Boston NNP office NN of IN Hill NNP , , Holliday NNP , , Connors NNP , , Cosmopulos NNP . . 
17 The DT account NN had VBD billed VBN about RB $ $ 6 CD million CD in IN 1988 CD , , according VBG to TO Leading NNP National NNP Advertisers NNP . . 
3 NOT-GUILTY JJ PLEA NN : : 
35 As IN expected VBN , , Young NNP & CC Rubicam NNP Inc. NNP along IN with IN two CD senior JJ executives NNS and CC a DT former JJ employee NN , , pleaded VBD not RB guilty JJ in IN federal JJ court NN in IN New NNP Haven NNP , , Conn. NNP , , to TO conspiracy NN and CC racketeering NN charges NNS . . 
20 The DT government NN has VBZ charged VBN that IN they PRP bribed VBD Jamaican JJ officials NNS to TO win VB the DT Jamaica NNP Tourist NNP Board NNP ad NN account NN in IN 1981 CD . . 
41 A DT spokesman NN for IN the DT U.S. NNP Attorney NNP 's POS office NN said VBD extradition NN proceedings NNS are VBP `` `` just RB beginning VBG '' '' for IN the DT other JJ two CD defendants NNS in IN the DT case NN , , Eric NNP Anthony NNP Abrahams NNP , , former JJ Jamaican JJ tourism NN minister NN , , and CC Jamaican JJ businessman NN Arnold NNP Foote NNP Jr NNP . . 
3 KOREAN JJ AGENCY NN : : 
18 The DT Samsung NNP Group NNP and CC Bozell NNP Inc. NNP agreed VBD to TO establish VB a DT joint JJ venture NN advertising NN agency NN in IN South NNP Korea NNP . . 
31 Bozell NNP Cheil NNP Corp. NNP , , as IN the DT new JJ agency NN will MD be VB called VBN , , will MD be VB based VBN in IN Seoul NNP and CC is VBZ 70 CD % NN owned VBN by IN Samsung NNP and CC 30 CD % NN owned VBN by IN Bozell NNP . . 
14 Samsung NNP already RB owns VBZ Korea NNP First NNP Advertising NNP Co. NNP , , that DT country NN 's POS largest JJS agency NN . . 
17 Bozell NNP joins VBZ Backer NNP Spielvogel NNP Bates NNP and CC Ogilvy NNP Group NNP as IN U.S. NNP agencies NNS with IN interests NNS in IN Korean JJ agencies NNS . . 
29 Citing VBG a DT payment NN from IN a DT supplier NN and CC strong JJ sales NNS of IN certain JJ data-storage JJ products NNS , , Maxtor NNP Corp. NNP said VBD earnings NNS and CC revenue NN jumped VBD in IN its PRP$ second JJ quarter NN ended VBN Sept. NNP 24 CD . . 
34 The DT maker NN of IN computer-data-storage JJ products NNS said VBD net JJ income NN rose VBD to TO $ $ 4.8 CD million CD , , or CC 23 CD cents NNS a DT share NN , , from IN year-earlier JJ net NN of IN $ $ 1.1 CD million CD , , or CC five CD cents NNS a DT share NN . . 
11 Revenue NN soared VBD to TO $ $ 117 CD million CD from IN $ $ 81.5 CD million CD . . 
32 Maxtor NNP said VBD its PRP$ results NNS were VBD boosted VBN by IN $ $ 2 CD million CD in IN payments NNS received VBN from IN a DT supplier NN , , for IN a DT certain JJ line NN of IN products NNS that IN Maxtor NNP is VBZ n't RB going VBG to TO sell VB anymore RB . . 
18 Maxtor NNP said VBD effects NNS from IN discontinuing VBG the DT line NN may MD have VB a DT positive JJ effect NN on IN future JJ earnings NNS and CC revenue NN . . 
24 A DT spokeswoman NN would MD n't RB elaborate VB , , but CC the DT company NN said VBD the DT discontinued VBN product NN has VBZ never RB been VBN a DT major JJ source NN of IN revenue NN or CC profit NN . . 
20 Operationally RB , , Maxtor NNP benefited VBD from IN robust JJ sales NNS of IN products NNS that WDT store VBP data NNS for IN high-end JJ personal JJ computers NNS and CC computer NN workstations NNS . . 
32 In IN the DT fiscal JJ first JJ half NN , , net NN was VBD $ $ 7 CD million CD , , or CC 34 CD cents NNS a DT share NN , , up RB from IN the DT year-earlier JJ $ $ 3.1 CD million CD , , or CC 15 CD cents NNS a DT share NN . . 
11 Revenue NN rose VBD to TO $ $ 225.5 CD million CD from IN $ $ 161.8 CD million CD . . 
29 Robert NNP G. NNP Walden NNP , , 62 CD years NNS old JJ , , was VBD elected VBN a DT director NN of IN this DT provider NN of IN advanced JJ technology NN systems NNS and CC services NNS , , increasing VBG the DT board NN to TO eight CD members NNS . . 
21 He PRP retired VBD as IN senior JJ vice NN president NN , , finance NN and CC administration NN , , and CC chief JJ financial JJ officer NN of IN the DT company NN Oct. NNP 1 CD . . 
33 Southmark NNP Corp. NNP said VBD that IN it PRP filed VBD part NN of IN its PRP$ 10-K JJ report NN with IN the DT Securities NNP and CC Exchange NNP Commission NNP , , but CC that IN the DT filing NN does VBZ n't RB include VB its PRP$ audited JJ financial JJ statements NNS and CC related JJ information NN . . 
38 The DT real JJ estate NN and CC thrift NN concern NN , , operating VBG under IN bankruptcy-law NN proceedings NNS , , said VBD it PRP told VBD the DT SEC NNP it PRP could MD n't RB provide VB financial JJ statements NNS by IN the DT end NN of IN its PRP$ first JJ extension NN `` `` without IN unreasonable JJ burden NN or CC expense NN . . '' '' 
17 The DT company NN asked VBD for IN a DT 15-day JJ extension NN Sept. NNP 30 CD , , when WRB the DT financial JJ reports NNS were VBD due JJ . . 
20 Southmark NNP said VBD it PRP plans VBZ to TO amend VB its PRP$ 10K JJ to TO provide VB financial JJ results NNS as RB soon RB as IN its PRP$ audit NN is VBZ completed VBN . . 
30 Alan NNP Seelenfreund NNP , , 52 CD years NNS old JJ , , was VBD named VBN chairman NN of IN this DT processor NN of IN prescription NN claims NNS , , succeeding VBG Thomas NNP W. NNP Field NNP Jr. NNP , , 55 CD , , who WP resigned VBD last JJ month NN . . 
23 Mr. NNP Field NNP also RB had VBD been VBN chairman NN of IN McKesson NNP Corp. NNP , , resigning VBG that DT post NN after IN a DT dispute NN with IN the DT board NN over IN corporate JJ strategy NN . . 
19 Mr. NNP Seelenfreund NNP is VBZ executive JJ vice NN president NN and CC chief JJ financial JJ officer NN of IN McKesson NNP and CC will MD continue VB in IN those DT roles NNS . . 
27 PCS NNP also RB named VBD Rex NNP R. NNP Malson NNP , , 57 CD , , executive JJ vice NN president NN at IN McKesson NNP , , as IN a DT director NN , , filling VBG the DT seat NN vacated VBN by IN Mr. NNP Field NNP . . 
18 Messrs. NNP Malson NNP and CC Seelenfreund NNP are VBP directors NNS of IN McKesson NNP , , which WDT has VBZ an DT 86 CD % NN stake NN in IN PCS NNP . . 
33 MedChem NNP Products NNP Inc. NNP said VBD a DT U.S. NNP District NNP Court NNP in IN Boston NNP ruled VBD that IN a DT challenge NN by IN MedChem NNP to TO the DT validity NN of IN a DT U.S. NNP patent NN held VBN by IN Pharmacia NNP Inc. NNP was VBD `` `` without IN merit NN . . '' '' 
27 Pharmacia NNP , , based VBN in IN Upsala NNP , , Sweden NNP , , had VBD charged VBN in IN a DT lawsuit NN against IN MedChem NNP that IN MedChem NNP 's POS AMVISC NNP product NN line NN infringes VBZ on IN the DT Pharmacia NNP patent NN . . 
16 The DT patent NN is VBZ related VBN to TO hyaluronic JJ acid NN , , a DT rooster-comb NN extract NN used VBN in IN eye NN surgery NN . . 
22 In IN its PRP$ lawsuit NN , , Pharmacia NNP is VBZ seeking VBG unspecified JJ damages NNS and CC a DT preliminary JJ injunction NN to TO block VB MedChem NNP from IN selling VBG the DT AMVISC NNP products NNS . . 
24 A DT MedChem NNP spokesman NN said VBD the DT products NNS contribute VBP about RB a DT third JJ of IN MedChem NNP 's POS sales NNS and CC 10 CD % NN to TO 20 CD % NN of IN its PRP$ earnings NNS . . 
28 In IN the DT year NN ended VBN Aug. NNP 31 CD , , 1988 CD , , MedChem NNP earned VBD $ $ 2.9 CD million CD , , or CC 72 CD cents NNS a DT share NN , , on IN sales NNS of IN $ $ 17.4 CD million CD . . 
31 MedChem NNP said VBD the DT court NN 's POS ruling NN was VBD issued VBN as IN part NN of IN a DT `` `` first-phase JJ trial NN '' '' in IN the DT patent-infringement NN proceedings NNS and CC concerns VBZ only RB one CD of IN its PRP$ defenses NNS in IN the DT case NN . . 
22 It PRP said VBD it PRP is VBZ considering VBG `` `` all DT of IN its PRP$ options NNS in IN light NN of IN the DT decision NN , , including VBG a DT possible JJ appeal NN . . '' '' 
32 The DT medical-products NNS company NN added VBD that IN it PRP plans VBZ to TO `` `` assert VB its PRP$ other JJ defenses NNS '' '' against IN Pharmacia NNP 's POS lawsuit NN , , including VBG the DT claim NN that IN it PRP has VBZ n't RB infringed VBN on IN Pharmacia NNP 's POS patent NN . . 
27 MedChem NNP said VBD that IN the DT court NN scheduled VBD a DT conference NN for IN next JJ Monday NNP -- : to TO set VB a DT date NN for IN proceedings NNS on IN Pharmacia NNP 's POS motion NN for IN a DT preliminary JJ injunction NN . . 
27 Newspaper NN publishers NNS are VBP reporting VBG mixed JJ third-quarter JJ results NNS , , aided VBN by IN favorable JJ newsprint NN prices NNS and CC hampered VBN by IN flat JJ or CC declining JJ advertising NN linage NN , , especially RB in IN the DT Northeast NNP . . 
29 Adding VBG to TO unsteadiness NN in IN the DT industry NN , , seasonal JJ retail JJ ad NN spending NN patterns NNS in IN newspapers NNS have VBP been VBN upset VBN by IN shifts NNS in IN ownership NN and CC general JJ hardships NNS within IN the DT retail JJ industry NN . . 
48 In IN New NNP York NNP , , the DT Bonwit NNP Teller NNP and CC B. NNP Altman NNP & CC Co. NNP department NN stores NNS have VBP filed VBN for IN protection NN from IN creditors NNS under IN Chapter NNP 11 CD of IN the DT federal JJ Bankruptcy NNP Code NNP , , while IN the DT R.H. NNP Macy NNP & CC Co. NNP , , Bloomingdale NNP 's POS and CC Saks NNP Fifth NNP Avenue NNP department-store NN chains NNS are VBP for IN sale NN . . 
24 Many JJ papers NNS throughout IN the DT country NN are VBP also RB faced VBN with IN a DT slowdown NN in IN classified-ad NN spending NN , , a DT booming JJ category NN for IN newspapers NNS in IN recent JJ years NNS . . 
28 Until IN recently RB , , industry NN analysts NNS believed VBD decreases NNS in IN retail JJ ad NN spending NN had VBD bottomed VBN out RP and CC would MD in IN fact NN increase VB in IN this DT year NN 's POS third JJ and CC fourth JJ quarters NNS . . 
18 All DT bets NNS are VBP off RB , , analysts NNS say VBP , , because IN of IN the DT shifting JJ ownership NN of IN the DT retail JJ chains NNS . . 
40 `` `` Improved JJ paper NN prices NNS will MD help VB offset VB weakness NN in IN linage NN , , but CC the DT retailers NNS ' POS problems NNS have VBP affected VBN the DT amount NN of IN ad NN linage NN they PRP usually RB run VBP , , '' '' said VBD Edward NNP J. NNP Atorino NNP , , industry NN analyst NN for IN Salomon NNP Brothers NNP Inc NNP . . 
8 `` `` Retailers NNS are VBP just RB in IN disarray NN . . '' '' 
38 For IN instance NN , , Gannett NNP Co. NNP posted VBD an DT 11 CD % NN gain NN in IN net JJ income NN , , as IN total JJ ad NN pages NNS dropped VBD at IN USA NNP Today NNP , , but CC advertising NN revenue NN rose VBD because IN of IN a DT higher JJR circulation NN rate NN base NN and CC increased JJ rates NNS . . 
19 Gannett NNP 's POS 83 CD daily JJ and CC 35 CD non-daily JJ newspapers NNS reported VBD a DT 3 CD % NN increase NN in IN advertising NN and CC circulation NN revenue NN . . 
37 Total JJ advertising NN linage NN was VBD `` `` modestly RB '' '' lower JJR as IN classified-ad NN volume NN increased VBD , , while IN there EX was VBD `` `` softer JJR demand NN '' '' for IN retail JJ and CC national JJ ad NN linage NN , , said VBD John NNP Curley NNP , , Gannett NNP 's POS chief JJ executive JJ officer NN . . 
32 At IN USA NNP Today NNP , , ad NN pages NNS totaled VBD 785 CD for IN the DT quarter NN , , down RB 9.2 CD % NN from IN the DT 1988 CD period NN , , which WDT was VBD helped VBN by IN increased JJ ad NN spending NN from IN the DT Summer NNP Olympics NNPS . . 
44 While IN USA NNP Today NNP 's POS total JJ paid JJ ad NN pages NNS for IN the DT year NN to TO date NN totaled VBD 2,735 CD , , a DT decrease NN of IN 4 CD % NN from IN last JJ year NN , , the DT paper NN 's POS ad NN revenue NN increased VBD 8 CD % NN in IN the DT quarter NN and CC 13 CD % NN in IN the DT nine CD months NNS . . 
33 In IN the DT nine CD months NNS , , Gannett NNP 's POS net NN rose VBD 9.5 CD % NN to TO $ $ 270 CD million CD , , or CC $ $ 1.68 CD a DT share NN , , from IN $ $ 247 CD million CD , , or CC $ $ 1.52 CD a DT share NN . . 
13 Revenue NN gained VBD 6 CD % NN to TO $ $ 2.55 CD billion CD from IN $ $ 2.4 CD billion CD . . 
17 At IN Dow NNP Jones NNP & CC Co. NNP , , third-quarter JJ net NN income NN fell VBD 9.9 CD % NN from IN the DT year-earlier JJ period NN . . 
24 Net NN fell VBD to TO $ $ 28.8 CD million CD , , or CC 29 CD cents NNS a DT share NN , , from IN $ $ 32 CD million CD , , or CC 33 CD cents NNS a DT share NN . . 
18 The DT year-earlier JJ period NN included VBD a DT one-time JJ gain NN of IN $ $ 3.5 CD million CD , , or CC four CD cents NNS a DT share NN . . 
13 Revenue NN gained VB 5.3 CD % NN to TO $ $ 404.1 CD million CD from IN $ $ 383.8 CD million CD . . 
24 The DT drop NN in IN profit NN reflected VBD , , in IN part NN , , continued JJ softness NN in IN financial JJ advertising NN at IN The DT Wall NNP Street NNP Journal NNP and CC Barron NNP 's POS magazine NN . . 
13 Ad NN linage NN at IN the DT Journal NNP fell VBD 6.1 CD % NN in IN the DT third JJ quarter NN . . 
11 Affiliated NNP Publications NNP Inc. NNP reversed VBD a DT year-earlier JJ third JJ quarter NN net JJ loss NN . . 
41 The DT publisher NN of IN the DT Boston NNP Globe NNP reported VBD net NN of IN $ $ 8.5 CD million CD , , or CC 12 CD cents NNS a DT share NN , , compared VBN with IN a DT loss NN of IN $ $ 26.5 CD million CD , , or CC 38 CD cents NNS a DT share NN , , for IN the DT third JJ quarter NN in IN 1988 CD . . 
29 William NNP O. NNP Taylor NNP , , the DT parent NN 's POS chairman NN and CC chief JJ executive JJ officer NN , , said VBD earnings NNS continued VBD to TO be VB hurt VBN by IN softness NN in IN ad NN volume NN at IN the DT Boston NNP newspaper NN . . 
28 Third-quarter JJ profit NN estimates NNS for IN several JJ companies NNS are VBP being VBG strongly RB affected VBN by IN the DT price NN of IN newsprint NN , , which WDT in IN the DT last JJ two CD years NNS has VBZ had VBD several JJ price NN increases NNS . . 
38 After IN a DT supply NN crunch NN caused VBD prices NNS to TO rise VB 14 CD % NN since IN 1986 CD to TO $ $ 650 CD a DT metric JJ ton NN , , analysts NNS are VBP encouraged JJ , , because IN they PRP do VBP n't RB expect VB a DT price NN increase NN for IN the DT rest NN of IN this DT year NN . . 
21 Companies NNS with IN daily JJ newspapers NNS in IN the DT Northeast NNP will MD need VB the DT stable JJ newsprint NN prices NNS to TO ease VB damage NN from IN weak JJ ad NN linage NN . . 
36 Mr. NNP Atorino NNP at IN Salomon NNP Brothers NNP said VBD he PRP estimates VBZ that IN Times NNP Mirror NNP Co. NNP 's POS earnings NNS were VBD down RB for IN the DT third JJ quarter NN , , because IN of IN soft JJ advertising NN levels NNS at IN its PRP$ Long NNP Island NNP Newsday NNP and CC Hartford NNP Courant NNP newspapers NNS . . 
26 Trouble NN on IN the DT East NNP Coast NNP was VBD likely RB offset VBN by IN improved JJ ad NN linage NN at IN the DT Los NNP Angeles NNP Times NNP , , which WDT this DT week NN also RB unveiled VBD a DT redesign NN . . 
39 New NNP York NNP Times NNP Co. NNP is VBZ expected VBN to TO report VB lower JJR earnings NNS for IN the DT third JJ quarter NN because IN of IN continued JJ weak JJ advertising NN levels NNS at IN its PRP$ flagship NN New NNP York NNP Times NNP and CC deep RB discounting NN of IN newsprint NN at IN its PRP$ affiliate NN , , Forest NNP Products NNP Group NNP . . 
39 `` `` Times NNP Co. NNP 's POS regional JJ daily JJ newspapers NNS are VBP holding VBG up RP well RB , , but CC there EX is VBZ little JJ sign NN that IN things NNS will MD improve VB in IN the DT New NNP York NNP market NN , , '' '' said VBD Alan NNP Kassan NNP , , an DT analyst NN with IN Shearson NNP Lehman NNP Hutton NNP . . 
30 Washington NNP Post NNP Co. NNP is VBZ expected VBN to TO report VB improved JJ earnings NNS , , largely RB because IN of IN increased JJ cable NN revenue NN and CC publishing NN revenue NN helped VBN by IN an DT improved JJ retail JJ market NN in IN the DT Washington NNP area NN . . 
15 According VBG to TO analysts NNS , , profits NNS were VBD also RB helped VBN by IN successful JJ cost-cutting JJ measures NNS at IN Newsweek NNP . . 
18 The DT news-weekly NN has VBZ faced VBN heightened JJ competition NN from IN rival JJ Time NNP magazine NN and CC a DT relatively RB flat JJ magazine NN advertising NN market NN . . 
37 Knight-Ridder NNP Inc. NNP is VBZ faced VBN with IN continued JJ uncertainty NN over IN the DT pending VBG joint JJ operating NN agreement NN between IN its PRP$ Detroit NNP Free NNP Press NNP and CC Gannett NNP 's POS Detroit NNP News NNP , , and CC has VBZ told VBN analysts NNS that IN earnings NNS were VBD down RB in IN the DT third JJ quarter NN . . 
27 However RB , , analysts NNS point VBP to TO positive JJ advertising NN spending NN at IN several JJ of IN its PRP$ major JJ daily JJ newspapers NNS , , such JJ as IN the DT Miami NNP Herald NNP and CC San NNP Jose NNP Mercury NNP News NNP . . 
41 `` `` The DT Miami NNP market NN is VBZ coming VBG back RB strong JJ after IN a DT tough JJ couple NN of IN years NNS '' '' when WRB Knight-Ridder NNP `` `` was VBD starting VBG up RP a DT Hispanic JJ edition NN and CC circulation NN was VBD falling VBG , , '' '' said VBD Bruce NNP Thorp NNP , , an DT analyst NN for IN Provident NNP National NNP Bank NNP . . 
46 General NNP Motors NNP Corp. NNP , , in IN a DT series NN of IN moves NNS that WDT angered VBD union NN officials NNS in IN the DT U.S. NNP and CC Canada NNP , , has VBZ signaled VBN that IN as RB many JJ as IN five CD North JJ American JJ assembly NN plants NNS may MD not RB survive VB the DT mid-1990s NNS as IN the DT corporation NN struggles VBZ to TO cut VB its PRP$ excess JJ vehicle-making JJ capacity NN . . 
33 In IN announcements NNS to TO workers NNS late RB last JJ week NN , , GM NNP effectively RB signed VBD death NN notices NNS for IN two CD full-sized JJ van NN assembly NN plants NNS , , and CC cast VBD serious JJ doubt NN on IN the DT futures NNS of IN three CD U.S. NNP car NN factories NNS . . 
26 GM NNP is VBZ under IN intense JJ pressure NN to TO close VB factories NNS that WDT became VBD unprofitable JJ as IN the DT giant JJ auto NN maker NN 's POS U.S. NNP market NN share NN skidded VBD during IN the DT past JJ decade NN . . 
28 The DT company NN , , currently RB using VBG about RB 80 CD % NN of IN its PRP$ North JJ American JJ vehicle NN capacity NN , , has VBZ vowed VBN it PRP will MD run VB at IN 100 CD % NN of IN capacity NN by IN 1992 CD . . 
29 Just RB a DT month NN ago RB , , GM NNP announced VBD it PRP would MD make VB an DT aging VBG assembly NN plant NN in IN Lakewood NNP , , Ga. NNP , , the DT eighth JJ U.S. NNP assembly NN facility NN to TO close VB since IN 1987 CD . . 
22 Now RB , , GM NNP appears VBZ to TO be VB stepping VBG up RP the DT pace NN of IN its PRP$ factory NN consolidation NN to TO get VB in IN shape NN for IN the DT 1990s NNS . . 
32 One CD reason NN is VBZ mounting VBG competition NN from IN new JJ Japanese JJ car NN plants NNS in IN the DT U.S. NNP that WDT are VBP pouring VBG out RP more JJR than IN one CD million CD vehicles NNS a DT year NN at IN costs NNS lower JJR than IN GM NNP can MD match VB . . 
29 Another DT is VBZ that IN United NNP Auto NNP Workers NNPS union NN officials NNS have VBP signaled VBN they PRP want VBP tighter JJR no-layoff JJ provisions NNS in IN the DT new JJ Big NNP Three CD national JJ contract NN that WDT will MD be VB negotiated VBN next JJ year NN . . 
21 GM NNP officials NNS want VBP to TO get VB their PRP$ strategy NN to TO reduce VB capacity NN and CC the DT work NN force NN in IN place NN before IN those DT talks NNS begin VBP . . 
37 The DT problem NN , , however RB , , is VBZ that IN GM NNP 's POS moves NNS are VBP coming VBG at IN a DT time NN when WRB UAW NNP leaders NNS are VBP trying VBG to TO silence VB dissidents NNS who WP charge VBP the DT union NN is VBZ too RB passive JJ in IN the DT face NN of IN GM NNP layoffs NNS . . 
37 Against IN that DT backdrop NN , , UAW NNP Vice NNP President NNP Stephen NNP P. NNP Yokich NNP , , who WP recently RB became VBD head NN of IN the DT union NN 's POS GM NNP department NN , , issued VBD a DT statement NN Friday NNP blasting VBG GM NNP 's POS `` `` flagrant JJ insensitivity NN '' '' toward IN union NN members NNS . . 
44 The DT auto NN maker NN 's POS decision NN to TO let VB word NN of IN the DT latest JJS shutdowns NNS and CC product NN reassignments NNS trickle VBP out RP in IN separate JJ communiques NNS to TO the DT affected JJ plants NNS showed VBD `` `` disarray NN '' '' and CC an DT `` `` inability NN or CC unwillingness NN to TO provide VB consistent JJ information NN , , '' '' Mr. NNP Yokich NNP said VBD . . 
28 GM NNP officials NNS told VBD workers NNS late RB last JJ week NN of IN the DT following JJ moves NNS : : Production NN of IN full-sized JJ vans NNS will MD be VB consolidated VBN into IN a DT single JJ plant NN in IN Flint NNP , , Mich NNP . . 
30 That DT means VBZ two CD plants NNS -- : one CD in IN Scarborough NNP , , Ontario NNP , , and CC the DT other JJ in IN Lordstown NNP , , Ohio NNP -- : probably RB will MD be VB shut VBN down RP after IN the DT end NN of IN 1991 CD . . 
16 The DT shutdowns NNS will MD idle VB about RB 3,000 CD Canadian JJ assembly NN workers NNS and CC about JJ 2,500 CD workers NNS in IN Ohio NNP . . 
30 Robert NNP White NNP , , Canadian NNP Auto NNP Workers NNP union NN president NN , , used VBD the DT impending JJ Scarborough NNP shutdown NN to TO criticize VB the DT U.S.-Canada NNP free JJ trade NN agreement NN and CC its PRP$ champion NN , , Prime NNP Minister NNP Brian NNP Mulroney NNP . . 
22 But CC Canadian JJ auto NN workers NNS may MD benefit VB from IN a DT separate JJ GM NNP move NN that WDT affects VBZ three CD U.S. NNP car NN plants NNS and CC one CD in IN Quebec NN . . 
40 Workers NNS at IN plants NNS in IN Van NNP Nuys NNP , , Calif. NNP , , Oklahoma NNP City NNP and CC Pontiac NNP , , Mich. NNP , , were VBD told VBN their PRP$ facilities NNS are VBP no RB longer RBR being NN considered VBN to TO build VB the DT next JJ generation NN of IN the DT Pontiac NNP Firebird NNP and CC Chevrolet NNP Camaro NNP muscle NN cars NNS . . 
26 GM NNP is VBZ studying VBG whether IN it PRP can MD build VB the DT new JJ Camaro-Firebird NNP profitably RB at IN a DT plant NN in IN St. NNP Therese NNP , , Quebec NNP , , company NN and CC union NN officials NNS said VBD . . 
16 That DT announcement NN left VBD union NN officials NNS in IN Van NNP Nuys NNP and CC Oklahoma NNP City NNP uncertain JJ about IN their PRP$ futures NNS . . 
21 The DT Van NNP Nuys NNP plant NN , , which WDT employs VBZ about RB 3,000 CD workers NNS , , does VBZ n't RB have VB a DT product NN to TO build VB after IN 1993 CD . . 
41 Jerry NNP Shrieves NNP , , UAW NNP local JJ president NN , , said VBD the DT facility NN was VBD asked VBN to TO draw VB up RP plans NNS to TO continue VB working VBG as IN a DT `` `` flex JJ plant NN , , '' '' which WDT could MD build VB several JJ different JJ types NNS of IN products NNS on IN short JJ notice NN to TO satisfy VB demand NN . . 
50 At IN the DT Oklahoma NNP City NNP plant NN , , which WDT employs VBZ about RB 6,000 CD workers NNS building VBG the DT eight-year-old JJ A-body JJ mid-sized JJ cars NNS , , Steve NNP Featherston NNP , , UAW NNP local JJ vice NN president NN , , said VBD the DT plant NN has VBZ no DT new JJ product NN lined VBN up RP , , and CC `` `` none NN of IN us PRP knows VBZ '' '' when WRB the DT A-body JJ cars NNS will MD die VB . . 
16 He PRP said VBD he PRP believes VBZ GM NNP has VBZ plans NNS to TO keep VB building VBG A-body JJ cars NNS into IN the DT mid-1990s NNS . . 
32 At IN Pontiac NNP , , however RB , , the DT Camaro-Firebird NNP decision NN appears VBZ to TO erase VB UAW NNP hopes NNS that IN GM NNP would MD reopen VB the DT shuttered JJ assembly NN plant NN that WDT last RB built VBD the DT plastic-bodied JJ , , two-seater JJ Pontiac NNP Fiero NNP model NN . . 
29 The DT Fiero NNP plant NN was VBD viewed VBN as IN a DT model NN of IN union-management JJ cooperation NN at IN GM NNP before IN slow JJ sales NNS of IN the DT Fiero NNP forced VBD the DT company NN to TO close VB the DT factory NN last JJ year NN . . 
11 Union NN officials NNS have VB taken VBN a DT beating NN politically RB as IN a DT result NN . . 
17 Dissident NNP UAW NNP members NNS have VBP used VBN the DT Fiero NNP plant NN as IN a DT symbol NN of IN labor-management JJ cooperation NN 's POS failure NN . . 
31 Institut NNP Merieux NNP S.A. NNP of IN France NNP said VBD the DT Canadian JJ government NN raised VBD an DT obstacle NN to TO its PRP$ proposed JJ acquisition NN of IN Connaught NNP BioSciences NNP Inc. NNP for IN 942 CD million CD Canadian JJ dollars NNS -LRB- -LRB- US$ $ 801.6 CD million CD -RRB- -RRB- . . 
34 Merieux NNP said VBD the DT government NN 's POS minister NN of IN industry NN , , science NN and CC technology NN told VBD it PRP that IN he PRP was VBD n't RB convinced JJ that IN the DT purchase NN is VBZ likely JJ to TO be VB of IN `` `` net JJ benefit NN '' '' to TO Canada NNP . . 
12 Canadian JJ investment NN rules NNS require VBP that IN big JJ foreign JJ takeovers NNS meet VB that DT standard NN . . 
22 The DT French JJ company NN said VBD the DT government NN gave VBD it PRP 30 CD days NNS in IN which WDT to TO submit VB information NN to TO further RB support VB its PRP$ takeover NN plan NN . . 
12 Both DT Merieux NNP and CC Connaught NNP are VBP biotechnology NN research NN and CC vaccine NN manufacturing NN concerns NNS . . 
7 The DT government NN 's POS action NN was VBD unusual JJ . . 
43 Alan NNP Nymark NNP , , executive JJ vice NN president NN of IN Investment NNP Canada NNP , , which WDT oversees VBZ foreign JJ takeovers NNS , , said VBD it PRP marked VBD the DT first JJ time NN in IN its PRP$ four-year JJ history NN that IN the DT agency NN has VBZ made VBN an DT adverse JJ net-benefit JJ decision NN about IN the DT acquisition NN of IN a DT publicly RB traded VBN company NN . . 
25 He PRP said VBD it PRP has VBZ reached VBN the DT same JJ conclusions NNS about IN some DT attempts NNS to TO buy VB closely RB held VBN concerns NNS , , but CC eventually RB allowed VBD those DT acquisitions NNS to TO proceed VB . . 
38 `` `` This DT is VBZ n't RB a DT change NN in IN government NN policy NN ; : this DT provision NN has VBZ been VBN used VBN before RB , , '' '' said VBD Jodi NNP Redmond NNP , , press NN secretary NN for IN Harvie NNP Andre NNP , , Canada NNP 's POS minister NN of IN industry NN , , science NN and CC technology NN . . 
13 Mr. NNP Andre NNP issued VBD the DT ruling NN based VBN on IN a DT recommendation NN by IN Investment NNP Canada NNP . . 
36 Spokesmen NNP for IN Merieux NNP and CC Connaught NNP said VBD they PRP had VBD n't RB been VBN informed VBN of IN specific JJ areas NNS of IN concern NN by IN either CC the DT government NN or CC Investment NNP Canada NNP , , but CC added VBD they PRP hope VBP to TO have VB more JJR information NN early RB this DT week NN . . 
13 Investment NNP Canada NNP declined VBD to TO comment VB on IN the DT reasons NNS for IN the DT government NN decision NN . . 
27 Viren NNP Mehta NNP , , a DT partner NN with IN Mehta NNP & CC Isaly NNP , , a DT New NNP York-based JJ pharmaceutical JJ industry NN research NN firm NN , , said VBD the DT government NN 's POS ruling NN was VBD n't RB unexpected JJ . . 
26 `` `` This DT has VBZ become VBN a DT very RB politicized JJ deal NN , , concerning VBG Canada NNP 's POS only JJ large JJ , , world-class JJ bio-research NN or CC pharmaceutical JJ company NN , , '' '' Mr. NNP Mehta NNP said VBD . . 
30 Mr. NNP Mehta NNP said VBD the DT move NN that WDT could MD allow VB the DT transaction NN to TO go VB ahead RB as IN planned VBN could MD be VB an DT out-of-court JJ settlement NN of IN Connaught NNP 's POS dispute NN with IN the DT University NNP of IN Toronto NNP . . 
28 The DT University NNP is VBZ seeking VBG to TO block VB the DT acquisition NN of IN Connaught NNP by IN foreign JJ interests NNS , , citing VBG concerns NNS about IN the DT amount NN of IN research NN that WDT would MD be VB done VBN in IN Canada NNP . . 
11 The DT university NN is VBZ considering VBG a DT settlement NN proposal NN made VBN by IN Connaught NNP . . 
32 While IN neither DT side NN will MD disclose VB its PRP$ contents NNS , , Mr. NNP Mehta NNP expects VBZ it PRP to TO contain VB more RBR specific JJ guarantees NNS on IN research NN and CC development NN spending NN levels NNS in IN Canada NNP than IN Merieux NNP offered VBD to TO Investment NNP Canada NNP . . 
38 Some DT analysts NNS , , such JJ as IN Murray NNP Grossner NNP of IN Toronto-based JJ Richardson NNP Greenshields NNP Inc. NNP , , believe VBP the DT government NN ruling NN leaves VBZ the DT door NN open JJ for IN other JJ bidders NNS , , such JJ as IN Switzerland NNP 's POS Ciba-Geigy NNP and CC Chiron NNP Corp. NNP of IN Emeryville NNP , , Calif NNP . . 
23 Officials NNS for IN the DT two CD concerns NNS , , which WDT are VBP bidding VBG C$ $ 30 CD a DT share NN for IN Connaught NNP , , could MD n't RB be VB reached VBN for IN comment NN . . 
10 French JJ state-owned JJ Rhone-Poulenc NNP S.A. NNP holds VBZ 51 CD % NN of IN Merieux NNP . . 
35 Weatherford NNP International NNP Inc. NNP said VBD it PRP canceled VBD plans NNS for IN a DT preferred-stock NN swap NN but CC may MD resume VB payment NN of IN dividends NNS on IN the DT stock NN , , and CC added VBD that IN it PRP expects VBZ to TO publicly RB offer VB about RB 10 CD million CD common JJ shares NNS . . 
25 The DT company NN said VBD it PRP planned VBD to TO offer VB an DT undetermined JJ number NN of IN common JJ shares NNS in IN exchange NN for IN the DT 585,000 CD shares NNS of IN its PRP$ preferred JJ stock NN outstanding JJ . . 
7 The DT exchange NN ratio NN was VBD never RB established VBN . . 
13 Weatherford NNP said VBD market NN conditions NNS led VBD to TO the DT cancellation NN of IN the DT planned JJ exchange NN . . 
23 The DT energy-services NNS concern NN said VBD , , however RB , , that IN in IN January NNP 1990 CD , , it PRP may MD resume VB payments NNS of IN dividends NNS on IN the DT preferred JJ stock NN . . 
37 Weatherford NNP suspended VBD its PRP$ preferred-dividend JJ payment NN in IN October NNP 1985 CD and CC said VBD it PRP has VBZ n't RB any DT plans NNS to TO catch VB up RP on IN dividends NNS in IN arrears NNS about RB $ $ 6 CD million CD , , but CC will MD do VB so RB some DT time NN in IN the DT future NN . . 
32 Additionally RB , , the DT company NN said VBD it PRP filed VBD with IN the DT Securities NNP and CC Exchange NNP Commission NNP for IN the DT proposed JJ offering NN of IN 10 CD million CD shares NNS of IN common JJ stock NN , , expected VBN to TO be VB offered VBN in IN November NNP . . 
39 The DT company NN said VBD Salomon NNP Brothers NNP Inc. NNP and CC Howard NNP , , Weil NNP , , Labouisse NNP , , Friedrichs NNP Inc. NNP , , underwriters NNS for IN the DT offering NN , , were VBD granted VBN an DT option NN to TO buy VB as RB much JJ as IN an DT additional JJ 1.5 CD million CD shares NNS to TO cover VB over-allotments NNS . . 
11 Proceeds NNS will MD be VB used VBN to TO eliminate VB and CC restructure VB bank NN debt NN . . 
10 Weatherford NNP currently RB has VBZ approximately RB 11.1 CD million CD common JJ shares NNS outstanding JJ . . 
34 Earnings NNS for IN most JJS of IN the DT nation NN 's POS major JJ pharmaceutical JJ makers NNS are VBP believed VBN to TO have VB moved VBN ahead RB briskly RB in IN the DT third JJ quarter NN , , as IN companies NNS with IN newer JJR , , big-selling JJ prescription NN drugs NNS fared VBD especially RB well RB . . 
29 For IN the DT third JJ consecutive JJ quarter NN , , however RB , , most JJS of IN the DT companies NNS ' POS revenues NNS were VBD battered VBN by IN adverse JJ foreign-currency NN translations NNS as IN a DT result NN of IN the DT strong JJ dollar NN abroad RB . . 
40 Analysts NNS said VBD that IN Merck NNP & CC Co. NNP , , Eli NNP Lilly NNP & CC Co. NNP , , Warner-Lambert NNP Co. NNP and CC the DT Squibb NNP Corp. NNP unit NN of IN Bristol-Myers NNP Squibb NNP Co. NNP all DT benefited VBD from IN strong JJ sales NNS of IN relatively RB new JJ , , higher-priced JJ medicines NNS that WDT provide VBP wide JJ profit NN margins NNS . . 
31 Less RBR robust JJ earnings NNS at IN Pfizer NNP Inc. NNP and CC Upjohn NNP Co. NNP were VBD attributed VBN to TO those DT companies NNS ' POS older JJR products NNS , , many JJ of IN which WDT face VBP stiffening JJ competition NN from IN generic JJ drugs NNS and CC other JJ medicines NNS . . 
42 Joseph NNP Riccardo NNP , , an DT analyst NN with IN Bear NNP , , Stearns NNP & CC Co. NNP , , said VBD that IN over IN the DT past JJ few JJ years NNS most JJS drug NN makers NNS have VBP shed VBN their PRP$ slow-growing JJ businesses NNS and CC instituted VBN other JJ cost NN savings NNS , , such JJ as IN consolidating VBG manufacturing NN plants NNS and CC administrative JJ staffs NNS . . 
27 As IN a DT result NN , , `` `` major JJ new JJ products NNS are VBP having VBG significant JJ impact NN , , even RB on IN a DT company NN with IN very RB large JJ revenues NNS , , '' '' Mr. NNP Riccardo NNP said VBD . . 
28 Analysts NNS said VBD profit NN for IN the DT dozen NN or CC so RB big JJ drug NN makers NNS , , as IN a DT group NN , , is VBZ estimated VBN to TO have VB climbed VBN between IN 11 CD % NN and CC 14 CD % NN . . 
38 While IN that DT 's VBZ not RB spectacular JJ , , Neil NNP Sweig NNP , , an DT analyst NN with IN Prudential NNP Bache NNP , , said VBD that IN the DT rate NN of IN growth NN will MD `` `` look VB especially RB good JJ as IN compared VBN to TO other JJ companies NNS if IN the DT economy NN turns VBZ downward RB . . '' '' 
54 Mr. NNP Sweig NNP estimated VBD that IN Merck NNP 's POS profit NN for IN the DT quarter NN rose VBD by IN about RB 22 CD % NN , , propelled VBN by IN sales NNS of IN its PRP$ line-up NN of IN fast-growing JJ prescription NN drugs NNS , , including VBG its PRP$ anti-cholesterol JJ drug NN , , Mevacor NNP ; : a DT high JJ blood NN pressure NN medicine NN , , Vasotec NNP ; : Primaxin NNP , , an DT antibiotic NN , , and CC Pepcid NNP , , an DT anti-ulcer JJ medication NN . . 
29 Profit NN climbed VBD even RB though IN Merck NNP 's POS sales NNS were VBD reduced VBN by IN `` `` one CD to TO three CD percentage NN points NNS '' '' as IN a DT result NN of IN the DT strong JJ dollar NN , , Mr. NNP Sweig NNP said VBD . . 
19 In IN the DT third JJ quarter NN of IN 1988 CD , , Merck NNP earned VBD $ $ 311.8 CD million CD , , or CC 79 CD cents NNS a DT share NN . . 
17 In IN Rahway NNP , , N.J. NNP , , a DT Merck NNP spokesman NN said VBD the DT company NN does VBZ n't RB make VB earnings NN projections NNS . . 
28 Mr. NNP Sweig NNP said VBD he PRP estimated VBD that IN Lilly NNP 's POS earnings NNS for IN the DT quarter NN jumped VBD about RB 20 CD % NN , , largely RB because IN of IN the DT performance NN of IN its PRP$ new JJ anti-depressant NN Prozac NNP . . 
20 The DT drug NN , , introduced VBD last JJ year NN , , is VBZ expected VBN to TO generate VB sales NNS of IN about RB $ $ 300 CD million CD this DT year NN . . 
16 `` `` It PRP 's VBZ turning VBG out RP to TO be VB a DT real JJ blockbuster NN , , '' '' Mr. NNP Sweig NNP said VBD . . 
19 In IN last JJ year NN 's POS third JJ quarter NN , , Lilly NNP earned VBD $ $ 171.4 CD million CD , , or CC $ $ 1.20 CD a DT share NN . . 
7 In IN Indianapolis NNP , , Lilly NNP declined VBD comment NN . . 
36 Several JJ analysts NNS said VBD they PRP expected VBD Warner-Lambert NNP 's POS profit NN also RB to TO increase VB by IN more JJR than IN 20 CD % NN from IN $ $ 87.7 CD million CD , , or CC $ $ 1.25 CD a DT share NN , , it PRP reported VBD in IN the DT like JJ period NN last JJ year NN . . 
23 The DT company NN is VBZ praised VBN by IN analysts NNS for IN sharply RB lowering VBG its PRP$ costs NNS in IN recent JJ years NNS and CC shedding VBG numerous JJ companies NNS with IN low JJ profit NN margins NNS . . 
24 The DT company NN 's POS lean JJ operation NN , , analysts NNS said VBD , , allowed VBD sharp-rising JJ sales NNS from IN its PRP$ cholesterol NN drug NN , , Lopid NNP , , to TO power VB earnings NNS growth NN . . 
21 Lopid NNP sales NNS are VBP expected VBN to TO be VB about RB $ $ 300 CD million CD this DT year NN , , up RB from IN $ $ 190 CD million CD in IN 1988 CD . . 
23 In IN Morris NNP Plains NNP , , N.J. NNP , , a DT spokesman NN for IN the DT company NN said VBD the DT analysts NNS ' POS projections NNS are VBP `` `` in IN the DT ballpark NN . . '' '' 
54 Squibb NNP 's POS profit NN , , estimated VBN by IN analysts NNS to TO be VB about RB 18 CD % NN above IN the DT $ $ 123 CD million CD , , or CC $ $ 1.25 CD a DT share NN , , it PRP earned VBD in IN the DT third JJ quarter NN of IN 1988 CD , , was VBD the DT result NN of IN especially RB strong JJ sales NNS of IN its PRP$ Capoten NNP drug NN for IN treating VBG high JJ blood NN pressure NN and CC other JJ heart NN disease NN . . 
12 The DT company NN was VBD officially RB merged VBN with IN Bristol-Myers NNP Co. NNP earlier RBR this DT month NN . . 
5 Bristol-Myers NNP declined VBD to TO comment VB . . 
43 Mr. NNP Riccardo NNP of IN Bear NNP Stearns NNP said VBD that IN Schering-Plough NNP Corp. NNP 's POS expected JJ profit NN rise NN of IN about RB 18 CD % NN to TO 20 CD % NN , , and CC Bristol-Meyers NNP 's POS expected JJ profit NN increase NN of IN about RB 13 CD % NN are VBP largely RB because IN `` `` those DT companies NNS are VBP really RB managed VBN well RB . . '' '' 
33 ScheringPlough NN earned VBD $ $ 94.4 CD million CD , , or CC 84 CD cents NNS a DT share NN , , while IN Bristol-Myers NNP earned VBD $ $ 232.3 CD million CD , , or CC 81 CD cents NNS a DT share NN , , in IN the DT like JJ period NN a DT year NN earlier RBR . . 
39 In IN Madison NNP , , N.J. NNP , , a DT spokesman NN for IN Schering-Plough NNP said VBD the DT company NN has VBZ `` `` no DT problems NNS '' '' with IN the DT average JJ estimate NN by IN a DT analysts NNS that IN third-quarter JJ earnings NNS per IN share NN rose VBD by IN about RB 19 CD % NN , , to TO $ $ 1 CD . . 
26 The DT company NN expects VBZ to TO achieve VB the DT 20 CD % NN increase NN in IN full-year JJ earnings NNS per IN share NN , , as IN it PRP projected VBD in IN the DT spring NN , , the DT spokesman NN said VBD . . 
28 Meanwhile RB , , analysts NNS said VBD Pfizer NNP 's POS recent JJ string NN of IN lackluster JJ quarterly JJ performances NNS continued VBD , , as IN earnings NNS in IN the DT quarter NN were VBD expected VBN to TO decline VB by IN about RB 5 CD % NN . . 
26 Sales NNP of IN Pfizer NNP 's POS important JJ drugs NNS , , Feldene NNP for IN treating VBG arthritis NN , , and CC Procardia NNP , , a DT heart NN medicine NN , , have VBP shrunk VBN because RB of IN increased JJ competition NN . . 
18 `` `` The DT -LRB- -LRB- strong JJ -RRB- -RRB- dollar NN hurt VBD Pfizer NNP a DT lot NN , , too RB , , '' '' Mr. NNP Sweig NNP said VBD . . 
19 In IN the DT third JJ quarter NN last JJ year NN , , Pfizer NNP earned VBD $ $ 216.8 CD million CD , , or CC $ $ 1.29 CD a DT share NN . . 
9 In IN New NNP York NNP , , the DT company NN declined VBD comment NN . . 
39 Analysts NNS said VBD they PRP expected VBD Upjohn NNP 's POS profit NN to TO be VB flat JJ or CC rise VB by IN only RB about RB 2 CD % NN to TO 4 CD % NN as IN compared VBN with IN $ $ 89.6 CD million CD , , or CC 49 CD cents NNS a DT share NN , , it PRP earned VBD a DT year NN ago RB . . 
16 Upjohn NNP 's POS biggest-selling JJ drugs NNS are VBP Xanax NNP , , a DT tranquilizer NN , , and CC Halcion NNP , , a DT sedative NN . . 
29 Sales NNS of IN both DT drugs NNS have VBP been VBN hurt VBN by IN new JJ state NN laws NNS restricting VBG the DT prescriptions NNS of IN certain JJ tranquilizing JJ medicines NNS and CC adverse JJ publicity NN about IN the DT excessive JJ use NN of IN the DT drugs NNS . . 
48 Also RB , , the DT company NN 's POS hair-growing JJ drug NN , , Rogaine NNP , , is VBZ selling VBG well RB -- : at IN about RB $ $ 125 CD million CD for IN the DT year NN , , but CC the DT company NN 's POS profit NN from IN the DT drug NN has VBZ been VBN reduced VBN by IN Upjohn NNP 's POS expensive JJ print NN and CC television NN campaigns NNS for IN advertising VBG , , analysts NNS said VBD . . 
9 In IN Kalamazoo NNP , , Mich. NNP , , Upjohn NNP declined VBD comment NN . . 
37 Amid IN a DT crowd NN of IN crashing VBG stocks NNS , , Relational NNP Technology NNP Inc. NNP 's POS stock NN fell VBD particularly RB hard RB Friday NNP , , dropping VBG 23 CD % NN because IN its PRP$ problems NNS were VBD compounded VBN by IN disclosure NN of IN an DT unexpected JJ loss NN for IN its PRP$ fiscal JJ first JJ quarter NN . . 
22 The DT database NN software NN company NN said VBD it PRP expects VBZ a DT $ $ 2 CD million CD net JJ loss NN for IN the DT fiscal JJ first JJ quarter NN ended VBN Sept. NNP 30 CD . . 
13 It PRP said VBD analysts NNS had VBD been VBN expecting VBG a DT small JJ profit NN for IN the DT period NN . . 
19 Revenue NN is VBZ expected VBN to TO be VB `` `` up RB modestly RB '' '' from IN the DT $ $ 26.5 CD million CD reported VBN a DT year NN ago RB . . 
21 Relational NNP Technology NNP reported VBD net JJ income NN of IN $ $ 1.5 CD million CD , , or CC 12 CD cents NNS a DT share NN , , in IN the DT year-earlier JJ period NN . . 
28 `` `` While IN our PRP$ international JJ operations NNS showed VBD strong JJ growth NN , , our PRP$ domestic JJ business NN was VBD substantially RB below IN expectations NNS , , '' '' said VBD Paul NNP Newton NNP , , president NN and CC chief JJ executive JJ officer NN . . 
22 A DT spokesman NN said VBD the DT company NN 's POS first JJ quarter NN is VBZ historically RB soft JJ , , and CC computer NN companies NNS in IN general JJ are VBP experiencing VBG slower JJR sales NNS . . 
26 Mr. NNP Newton NNP said VBD he PRP accepted VBD the DT resignation NN of IN Thomas NNP Wilson NNP , , vice NN president NN of IN corporate JJ sales NNS , , and CC that IN his PRP$ marketing NN responsibilities NNS have VBP been VBN reassigned VBN . . 
15 The DT company NN said VBD Mr. NNP Wilson NNP 's POS resignation NN was VBD n't RB related VBN to TO the DT sales NNS shortfall NN . . 
13 Relational NNP Technology NNP went VBD public NN in IN May NNP 1988 CD at IN $ $ 14 CD a DT share NN . . 
20 It PRP fell VBD $ $ 1.875 CD a DT share NN Friday NNP , , to TO $ $ 6.25 CD , , a DT new JJ low JJ , , in IN over-the-counter JJ trading NN . . 
12 Its PRP$ high NN for IN the DT past JJ year NN was VBD $ $ 16.375 CD a DT share NN . . 
25 In IN the DT previous JJ quarter NN , , the DT company NN earned VBD $ $ 4.5 CD million CD , , or CC 37 CD cents NNS a DT share NN , , on IN sales NNS of IN $ $ 47.2 CD million CD . . 
30 The DT Bronx NNP has VBZ a DT wonderful JJ botanical JJ garden NN , , a DT great JJ zoo NN , , its PRP$ own JJ charming JJ Little NNP Italy NNP -LRB- -LRB- on IN Arthur NNP Avenue NNP -RRB- -RRB- and CC , , of IN course NN , , the DT Yankees NNPS . . 
44 However RB , , most JJS people NNS , , having VBG been VBN subjected VBN to TO news NN footage NN of IN the DT devastated JJ South NNP Bronx NNP , , look VBP at IN the DT borough NN the DT way NN Tom NNP Wolfe NNP 's POS Sherman NNP McCoy NNP did VBD in IN `` `` Bonfire NN of IN the DT Vanities NNS '' '' -- : as IN a DT wrong JJ turn NN into IN hell NN . . 
18 But CC Laura NNP Cunningham NNP 's POS Bronx NNP , , her PRP$ childhood NN Bronx NNP of IN the DT '50s NNS , , is VBZ something NN else RB altogether RB . . 
52 In IN a DT lovely JJ , , novelistic JJ memoir NN , , `` `` Sleeping NN Arrangements NNS '' '' -LRB- -LRB- Knopf NNP , , 195 CD pages NNS , , $ $ 18.95 CD -RRB- -RRB- , , she PRP remembers VBZ an DT exotic JJ playground NN , , peopled VBN mainly RB by IN Jewish JJ eccentrics NNS and CC the DT occasional JJ Catholic NNP -LRB- -LRB- real JJ oddballs NNS like IN her PRP$ sexpot NN friend NN , , the DT hell-kitten NN Diana NNP , , age NN five CD -RRB- -RRB- . . 
18 Ms. NNP Cunningham NNP , , a DT novelist NN and CC playwright NN , , has VBZ a DT vivid JJ and CC dramatically RB outsized JJ sense NN of IN recall NN . . 
42 She PRP transforms VBZ her PRP `` `` Bronx NNP of IN the DT emotions NNS , , a DT place NN where WRB the DT flats NNS of IN mediocrity NN are VBP only RB relieved VBN by IN steep JJ descents NNS into IN hysteria NN '' '' into IN the DT `` `` Babylonian NNP Bronx NNP , , '' '' a DT world NN simmering VBG with IN sex NN and CC death NN and CC intrigue NN . . 
49 In IN the DT Babylonian NNP Bronx NNP , , Jewish JJ working-class JJ people NNS lived VBD in IN drab JJ , , Soviet-style JJ buildings NNS `` `` glamorized VBN '' '' with IN names NNS like IN AnaMor NNP Towers NNP -LRB- -LRB- after IN owners NNS Anna NNP and CC Morris NNP Snezak NNP -RRB- -RRB- , , whose WP$ lobbies NNS and CC hallways NNS were VBD decorated VBN with IN murals NNS of IN ancient JJ Syrians NNPS and CC Greeks NNPS , , friezes NNS of IN Pompeii NNP . . 
37 For IN Ms. NNP Cunningham NNP the DT architectural JJ discombobulation NN matched VBD the DT discrepancy NN she PRP felt VBD living VBG in IN the DT AnaMor NNP Towers NNP as IN a DT little JJ girl NN : : `` `` ... : outwardly RB ordinary JJ , , inwardly RB ornate JJ , , owing VBG all DT inspiration NN to TO heathen JJ cultures NNS . . '' '' 
28 Sharp-witted JJ and CC funny JJ but CC never RB mean JJ , , she PRP 's VBZ a DT memorialist NN a DT bit NN like IN Truman NNP Capote NNP , , if IN he PRP 'd MD been VBN Jewish JJ and CC female JJ and CC less RBR bitchy JJ . . 
17 Little NNP Lily NNP , , as IN Ms. NNP Cunningham NNP calls VBZ herself PRP in IN the DT book NN , , really RB was VBD n't RB ordinary JJ . . 
39 She PRP was VBD raised VBN , , for IN the DT first JJ eight CD years NNS , , by IN her PRP$ mother NN , , Rosie NNP , , whom WP she PRP remembers VBZ as IN a DT loving JJ liar NN , , who WP realigned VBD history NN to TO explain VB why WRB Lily NNP 's POS father NN did VBD n't RB live VB with IN them PRP . . 
25 Rosie NNP reinvented VBD this DT man NN , , who WP may MD or CC may MD not RB have VB known VBN about IN his PRP$ child NN , , as IN a DT war NN hero NN for IN Lily NNP 's POS benefit NN . . 
27 Rosie NN died VBD young JJ and CC Lily NNP has VBZ remembered VBN her PRP as IN a DT romantic JJ figure NN , , who WP did VBD n't RB interfere VB much RB with IN her PRP$ child NN 's POS education NN on IN the DT streets NNS . . 
36 The DT games NNS Bronx NNP children NNS played VBD -LRB- -LRB- holding VBG kids NNS down RP and CC stripping VBG them PRP , , for IN example NN -RRB- -RRB- seem VB tame JJ by IN today NN 's POS crack NN standards NNS , , but CC Ms. NNP Cunningham NNP makes VBZ it PRP all DT sound VB like IN a DT great JJ adventure NN . . 
18 `` `` Without IN official JJ knowledge NN of IN sex NN or CC death NN , , we PRP flirted VBD with IN both DT , , '' '' she PRP writes VBZ . . 
8 She PRP analyzed VBD families NNS by IN their PRP$ sleeping NN arrangements NNS . . 
33 Her PRP$ friend NN Susan NNP , , whose WP$ parents NNS kept VBD reminding VBG her PRP she PRP was VBD unwanted JJ , , slept VBD on IN a DT narrow JJ bed NN wedged VBN into IN her PRP$ parents NNS ' POS bedroom NN , , as IN though IN she PRP were VBD a DT temporary JJ visitor NN . . 
21 Her PRP$ friend NN Diana NNP 's POS father NN was VBD a DT professional JJ thief NN ; : they PRP did VBD n't RB seem VB to TO have VB any DT bedrooms NNS at IN all DT . . 
18 Maybe RB Lily NNP became VBD so RB obsessed JJ with IN where WRB people NNS slept VBD and CC how WRB because IN her PRP$ own JJ arrangements NNS kept VBD shifting VBG . . 
20 When WRB Rosie NNP died VBD , , her PRP$ uncles NNS moved VBD in RP -- : and CC let VB her PRP make VB the DT sleeping NN and CC other JJ household NN arrangements NNS . . 
15 They PRP painted VBD the DT apartment NN orange JJ , , pink JJ and CC white JJ , , according VBG to TO her PRP$ instructions NNS . . 
61 With IN loving JJ detail NN she PRP recalls VBZ her PRP$ Uncle NNP Gabe NNP , , an DT Orthodox NNP Jew NNP and CC song NN lyricist NN -LRB- -LRB- who WP rhymed VBD river NN with IN liver NN in IN a DT love NN song NN -RRB- -RRB- ; : and CC Uncle NNP Len NNP , , a DT mysterious JJ part-time JJ investigator NN who WP looked VBD like IN Lincoln NNP and CC carried VBD a DT change NN of IN clothing NN in IN a DT Manila NNP envelope NN , , like IN an DT `` `` undercover JJ President NN on IN a DT good-will JJ mission NN . . '' '' 
7 They PRP came VBD by IN their PRP$ strangeness NN honestly RB . . 
32 Lily NNP 's POS grandmother NN , , no DT cookie NN baker NN , , excised VBD the DT heads NNS of IN disliked JJ relatives NNS from IN the DT family NN album NN , , and CC lugged VBD around RP her PRP$ perennial JJ work-in-progress NN , , `` `` Philosophy NN for IN Women NNS . . '' '' 
25 The DT book NN loses VBZ some DT momentum NN toward IN the DT end NN , , when WRB Lily NNP becomes VBZ more RBR preoccupied JJ with IN dating VBG boys NNS and CC less RBR with IN her PRP delightfully RB weird JJ family NN . . 
25 For IN the DT most JJS part NN , , though RB , , there EX 's POS much JJ pleasure NN in IN her PRP$ saucy JJ , , poignant JJ probe NN into IN the DT mysteries NNS of IN the DT Babylonian NNP Bronx NNP . . 
23 The DT Bronx NNP also RB figures VBZ in IN Bruce NNP Jay NNP Friedman NNP 's POS latest JJS novel NN , , which WDT flashes VBZ back RB to TO the DT New NNP York NNP of IN the DT '50s NNS . . 
29 But CC both DT the DT past NN and CC present JJ worlds NNS of IN `` `` The DT Current JJ Climate NN '' '' -LRB- -LRB- Atlantic NNP Monthly NNP Press NNP , , 200 CD pages NNS , , $ $ 18.95 CD -RRB- -RRB- feel VBP cramped JJ and CC static JJ . . 
23 For IN his PRP$ sixth JJ novel NN , , Mr. NNP Friedman NNP tried VBD to TO resuscitate VB the DT protagonist NN of IN his PRP$ 1972 CD work NN , , `` `` About IN Harry NNP Towns NNP . . '' '' 
24 Harry NNP is VBZ now RB a DT 57-year-old JJ writer NN , , whose WP$ continuing VBG flirtation NN with IN drugs NNS and CC marginal JJ types NNS in IN Hollywood NNP and CC New NNP York NNP seems VBZ quaintly RB out-of-synch JJ . . 
34 Harry NNP fondly RB remembers VBZ the DT `` `` old JJ '' '' days NNS of IN the DT early JJ '70s NNS , , when WRB people NNS like IN his PRP$ friend NN Travis NNP would MD take VB a DT psychiatrist NN on IN a DT date NN to TO analyze VB what WP Travis NNP was VBD doing VBG wrong JJ . . 
10 `` `` An DT L.A. NNP solution NN , , '' '' explains VBZ Mr. NNP Friedman NNP . . 
42 Line NN by IN line NN Mr. NNP Friedman NNP 's POS weary JJ cynicism NN can MD be VB amusing JJ , , especially RB when WRB he PRP 's VBZ riffing VBG on IN the DT Hollywood NNP social JJ scheme NN -- : the DT way NN people NNS size VBP each DT other JJ up RP , , immediately RB canceling VBG the DT desperate JJ ones NNS who WP merely RB almost RB made VBD it PRP . . 
41 Harry NNP has VBZ avoided VBN all PDT that DT by IN living VBG in IN a DT Long NNP Island NNP suburb NN with IN his PRP$ wife NN , , who WP 's VBZ so RB addicted JJ to TO soap NN operas NNS and CC mystery NN novels NNS she PRP barely RB seems VBZ to TO notice VB when WRB her PRP$ husband NN disappears VBZ for IN drug-seeking JJ forays NNS into IN Manhattan NNP . . 
13 But CC it PRP does VBZ n't RB take VB too RB many JJ lines NNS to TO figure VB Harry NNP out RP . . 
5 He PRP 's VBZ a DT bore NN . . 
38 Gulf NNP Resources NNP & CC Chemical NNP Corp. NNP said VBD it PRP agreed VBD to TO pay VB $ $ 1.5 CD million CD as IN part NN of IN an DT accord NN with IN the DT Environmental NNP Protection NNP Agency NNP regarding VBG an DT environmental JJ cleanup NN of IN a DT defunct JJ smelter NN the DT company NN formerly RB operated VBD in IN Idaho NNP . . 
34 In IN 1984 CD the DT EPA NNP notified VBD Gulf NNP Resources NNP , , which WDT was VBD a DT part-owner NN of IN the DT smelter NN , , that IN it PRP was VBD potentially RB liable JJ for IN sharing VBG cleanup NN costs NNS at IN the DT site NN under IN the DT federal JJ Superfund NNP program NN . . 
13 The DT 21-square-mile JJ area NN is VBZ contaminated JJ with IN lead NN , , zinc NN and CC other JJ metals NNS . . 
32 Gulf NNP Resources NNP earlier RBR this DT year NN proposed VBD a DT reorganization NN plan NN that WDT would MD make VB it PRP a DT unit NN of IN a DT Bermuda NNP concern NN , , potentially RB exempting VBG it PRP from IN liability NN for IN the DT smelter NN 's POS cleanup NN costs NNS . . 
31 The DT company NN said VBD that IN as IN part NN of IN its PRP$ agreement NN with IN the DT EPA NNP , , it PRP `` `` made VBD certain JJ voluntary JJ undertakings NNS with IN respect NN to TO intercorporate JJ transactions NNS entered VBN into IN after IN the DT reorganization NN . . '' '' 
42 The DT company NN , , which WDT issued VBD a DT statement NN on IN the DT agreement NN late RB Friday NNP , , said VBD that IN $ $ 1 CD million CD of IN the DT payment NN was VBD previously RB provided VBN for IN in IN its PRP$ financial JJ statements NNS and CC that DT $ $ 500,000 CD will MD be VB recognized VBN in IN its PRP$ 1989 CD third-quarter JJ statement NN . . 
15 The DT agreement NN and CC consent NN decree NN are VBP subject JJ to TO court NN approval NN , , the DT company NN said VBD . . 
34 Gulf NNP Resources NNP added VBD that IN it PRP `` `` will MD seek VB to TO recover VB equitable JJ contribution NN from IN others NNS for IN both CC the DT amount NN of IN the DT settlement NN and CC any DT other JJ liabilities NNS it PRP may MD incur VB under IN the DT Superfund NNP law NN . . '' '' 
24 Under IN the DT agreement NN , , Gulf NNP must MD give VB the DT U.S. NNP government NN 45 CD days NNS ' POS advance JJ written JJ notice NN before IN issuing VBG any DT dividends NNS on IN common JJ stock NN . . 
18 The DT company NN 's POS net JJ worth NN can MD not RB fall VB below IN $ $ 185 CD million CD after IN the DT dividends NNS are VBP issued VBN . . 
37 `` `` The DT terms NNS of IN that DT agreement NN only RB become VBP effective JJ the DT date NN of IN Gulf NNP 's POS reorganization NN , , which WDT we PRP anticipate VBP will MD occur VB sometime RB in IN early JJ 1990 CD , , '' '' said VBD Lawrence NNP R. NNP Mehl NNP , , Gulf NNP 's POS general JJ counsel NN . . 
30 In IN addition NN , , Gulf NNP must MD give VB the DT government NN 20 CD days NNS ' POS advance JJ written JJ notice NN of IN any DT loans NNS exceeding VBG $ $ 50 CD million CD that WDT are VBP made VBN to TO the DT Bermuda-based JJ holding NN company NN . . 
15 Gulf NNP 's POS net JJ worth NN after IN those DT transaction NN must MD be VB at IN least JJS $ $ 150 CD million CD . . 
24 Separately RB , , the DT company NN said VBD it PRP expects VBZ to TO hold VB a DT special JJ meeting NN for IN shareholders NNS in IN early JJ 1990 CD to TO vote VB on IN its PRP$ proposed VBN reorganization NN . . 
22 Many JJ of IN the DT nation NN 's POS highest-ranking JJ executives NNS saluted VBD Friday NNP 's POS market NN plunge NN as IN an DT overdue JJ comeuppance NN for IN speculators NNS and CC takeover NN players NNS . . 
44 Assuming VBG that IN the DT market NN does VBZ n't RB head VB into IN a DT bottomless JJ free JJ fall NN , , some DT executives NNS think VBP Friday NNP 's POS action NN could MD prove VB a DT harbinger NN of IN good JJ news NN -- : as IN a DT sign NN that IN the DT leveraged JJ buy-out NN and CC takeover NN frenzy NN of IN recent JJ years NNS may MD be VB abating VBG . . 
35 `` `` This DT is VBZ a DT reaction NN to TO artificial JJ LBO NNP valuations NNS , , rather RB than IN to TO any DT fundamentals NNS , , '' '' said VBD John NNP Young NNP , , chairman NN of IN Hewlett-Packard NNP Co. NNP , , whose WP$ shares NNS dropped VBD $ $ 3.125 CD to TO $ $ 48.125 CD . . 
20 `` `` If IN we PRP get VBP rid JJ of IN a DT lot NN of IN that DT nonsense NN , , it PRP will MD be VB a DT big JJ plus NN . . '' '' 
33 A DT few JJ of IN the DT executives NNS here RB for IN the DT fall NN meeting NN of IN the DT Business NNP Council NNP , , a DT group NN that WDT meets VBZ to TO discuss VB national JJ issues NNS , , were VBD only RB too RB happy JJ to TO personalize VB their PRP$ criticism NN . . 
39 `` `` People NNS wish VBP the DT government NN would MD do VB something NN about IN leveraged JJ buy-outs NNS , , do VB something NN about IN takeovers NNS , , do VB something NN about IN Donald NNP Trump NNP , , '' '' said VBD Rand NNP Araskog NNP , , chairman NN of IN ITT NNP Corp. NNP , , whose WP$ stock NN dropped VBD $ $ 3.375 CD . . 
6 `` `` Where WRB 's VBZ the DT leadership NN ? . 
15 Where WRB 's VBZ the DT guy NN who WP can MD say VB : : ` `` Enough JJ is VBZ enough JJ ' '' '' '' ? . 
29 The DT executives NNS were VBD remarkably RB unperturbed JJ by IN the DT plunge NN even RB though IN it PRP lopped VBD billions NNS of IN dollars NNS off IN the DT value NN of IN their PRP$ companies NNS -- : and CC millions NNS off IN their PRP$ personal JJ fortunes NNS . . 
52 `` `` I PRP 'm VBP not RB going VBG to TO worry VB about IN one CD day NN 's POS decline NN , , '' '' said VBD Kenneth NNP Olsen NNP , , Digital NNP Equipment NNP Corp. NNP president NN , , who WP was VBD leisurely RB strolling VBG through IN the DT bright JJ orange NN and CC yellow JJ leaves NNS of IN the DT mountains NNS here RB after IN his PRP$ company NN 's POS shares NNS plunged VBD $ $ 5.75 CD to TO close VB at IN $ $ 86.50 CD . . 
17 `` `` I PRP did VBD n't RB bother VB calling VBG anybody NN ; : I PRP did VBD n't RB even RB turn NN on RP TV NN . . '' '' 
33 `` `` There RB has VBZ n't RB been VBN any DT fundamental JJ change NN in IN the DT economy NN , , '' '' added VBD John NNP Smale NNP , , whose WP$ Procter NNP & CC Gamble NNP Co. NNP took VBD an DT $ $ 8.75 CD slide NN to TO close VB at IN $ $ 120.75 CD . . 
27 `` `` The DT fact NN that IN this DT happened VBD two CD years NNS ago RB and CC there EX was VBD a DT recovery NN gives VBZ people NNS some DT comfort NN that IN this DT wo MD n't RB be VB a DT problem NN . . '' '' 
19 Of IN course NN , , established JJ corporate JJ managements NNS often RB tend VBP to TO applaud VB the DT setbacks NNS of IN stock NN speculators NNS and CC takeover NN artists NNS . . 
38 Indeed RB , , one CD chief JJ executive NN who WP was VBD downright RB delighted JJ by IN Friday NNP 's POS events NNS was VBD Robert NNP Crandall NNP , , chairman NN of IN AMR NNP Corp. NNP , , the DT parent NN of IN American NNP Airlines NNP and CC the DT target NN of IN a DT takeover NN offer NN by IN Mr. NNP Trump NNP . . 
31 Asked VBN whether IN Friday NNP 's POS action NN could MD help VB him PRP avoid VB being VBG Trumped VBN by IN the DT New NNP York NNP real JJ estate NN magnate NN , , Mr. NNP Crandall NNP smiled VBD broadly RB and CC said VBD : : `` `` No DT comment NN . . '' '' 
40 On IN Friday NNP morning NN , , before IN the DT market NN 's POS sell-off NN , , the DT business NN leaders NNS issued VBD a DT report NN predicting VBG the DT economy NN would MD grow VB at IN roughly RB an DT inflation-adjusted JJ 2 CD % NN annual JJ rate NN , , through IN next JJ year NN , , then RB accelerate VB anew RB in IN 1991 CD . . 
64 Of IN the DT 19 CD economists NNS who WP worked VBD on IN the DT Business NNP Council NNP forecast NN , , only RB two CD projected VBD periods NNS of IN decline NN in IN the DT nation NN 's POS output NN over IN the DT next JJ two CD years NNS , , and CC in IN `` `` both DT instances NNS the DT declines NNS are VBP too RB modest JJ to TO warrant VB the DT phrase NN recession NN , , '' '' said VBD Lewis NNP Preston NNP , , chairman NN of IN J.P. NNP Morgan NNP & CC Co. NNP and CC vice NN chairman NN of IN the DT Business NNP Council NNP . . 
28 The DT real JJ estate NN slump NN that WDT 's VBZ pushing VBG down RP the DT price NN of IN New NNP York NNP office NN space NN and CC housing NN is VBZ also RB affecting VBG the DT city NN 's POS retail JJ real JJ estate NN market NN . . 
18 In IN Manhattan NNP , , once-desirable JJ store NN sites NNS sit VBP vacant JJ and CC newly RB constructed VBN space NN has VBZ been VBN slow JJ to TO fill VB . . 
35 Retail JJ real JJ estate NN brokers NNS say VBP tenants NNS are VBP reluctant JJ to TO sign VB leases NNS because IN of IN uncertainty NN about IN the DT local JJ economy NN , , turmoil NN in IN their PRP$ own JJ industries NNS and CC a DT belief NN that IN rents NNS have VBP not RB yet RB hit VBN bottom NN . . 
25 `` `` There EX is VBZ an DT unbelievable JJ amount NN of IN space NN available JJ , , '' '' says VBZ Faith NNP Consolo NNP , , senior JJ vice NN president NN at IN Garrick-Aug NNP Associates NNP Store NNP Leasing NNP Inc NNP . . 
19 There EX are VBP about RB 2,000 CD stores NNS for IN rent NN , , up RB from IN a DT more RBR typical JJ range NN of IN 1,200 CD to TO 1,500 CD . . 
10 `` `` This DT further RB confuses VBZ retailers NNS , , '' '' she PRP says VBZ . . 
15 `` `` They PRP wonder VBP should MD they PRP sign VB a DT lease NN if IN prices NNS are VBP still RB coming VBG down RB ? . 
10 Is VBZ this DT the DT wrong JJ time NN to TO open VB a DT store NN ? . 
12 Who WP is VBZ going VBG to TO be VB in IN the DT space NN next IN door NN ? . '' '' 
26 In IN addition NN , , Ms. NNP Consolo NNP says VBZ , , tenants NNS usually RB can MD negotiate VB to TO pay VB rents NNS that WDT are VBP about RB one-quarter NN lower JJR than IN landlords NNS ' POS initial JJ asking NN price NN . . 
31 A DT handful NN of IN hot JJ retail JJ locations NNS , , such JJ as IN the DT 57th NNP Street NNP and CC Madison NNP and CC Fifth NNP Avenue NNP areas NNS , , have VBP been VBN able JJ to TO sustain VB what WP many DT see VBP as IN astronomical JJ rents NNS . . 
13 And CC , , in IN some DT neighborhoods NNS , , rents NNS have VBP merely RB hit VBN a DT plateau NN . . 
24 But CC on IN average NN , , Manhattan NNP retail JJ rents NNS have VBP dropped VBN 10 CD % NN to TO 15 CD % NN in IN the DT past JJ six CD months NNS alone RB , , experts NNS say VBP . . 
22 That DT follows VBZ a DT more RBR subtle JJ decline NN in IN the DT prior JJ six CD months NNS , , after IN Manhattan NNP rents NNS had VBD run VBN up RP rapidly RB since IN 1986 CD . . 
12 The DT same JJ factors NNS limiting VBG demand NN for IN office NN space NN have VBP affected VBN retailing NN . . 
32 `` `` As IN businesses NNS contract VBP or CC depart VBP , , the DT number NN of IN employees NNS who WP might MD use VB retail JJ services NNS shrinks VBZ , , '' '' says VBZ Edward NNP A. NN Friedman NNP , , senior JJ vice NN president NN of IN Helmsley NNP Spear NNP Inc NNP . . 
26 He PRP says VBZ financial JJ problems NNS plaguing VBG electronics NNS , , fur NN and CC furniture NN companies NNS -- : key JJ categories NNS in IN the DT local JJ retail JJ economy NN -- : have VBP further RB deflated VBN the DT market NN . . 
16 Hardest JJS hit NN are VBP what WP he PRP calls VBZ `` `` secondary JJ '' '' sites NNS that WDT primarily RB serve VBP neighborhood NN residents NNS . . 
28 In IN these DT locations NNS , , Mr. NNP Friedman NNP says VBZ , , `` `` Retailers NNS are VBP increasingly RB cautious JJ about RB expanding VBG and CC rents NNS have VBP remained VBN steady RB or CC in IN some DT cases NNS have VBP declined VBN . . '' '' 
19 Weakness NN in IN the DT restaurant NN industry NN , , which WDT is VBZ leaving VBG retail JJ space NN vacant JJ , , exacerbates VBZ the DT problem NN for IN landlords NNS . . 
29 It PRP is VBZ also RB no DT comfort NN to TO landlords NNS and CC small JJ New NNP York NNP retailers NNS when WRB the DT future NN of IN larger JJR department NN stores NNS , , which WDT anchor VBP retail JJ neighborhoods NNS , , are VBP in IN doubt NN . . 
30 Hooker NNP Corp. NNP , , parent NN of IN Bonwit NNP Teller NNP and CC B. NNP Altman NNP 's POS , , is VBZ mired VBN in IN bankruptcy NN proceedings NNS and CC Bloomingdale NNP 's POS is VBZ for IN sale NN by IN its PRP$ owner NN , , Campeau NNP Corp NNP . . 
27 The DT trend NN toward IN lower JJR rents NNS may MD seem VB surprising JJ given VBN that IN some DT communities NNS in IN New NNP York NNP are VBP bemoaning VBG the DT loss NN of IN favorite JJ local JJ businesses NNS to TO high JJ rents NNS . . 
35 But CC , , despite IN the DT recent JJ softening NN , , for IN many DT of IN these DT retailers NNS there EX 's VBZ still RB been VBN too RB big JJ a DT jump NN from IN the DT rental JJ rates NNS of IN the DT late JJ 1970s NNS , , when WRB their PRP$ leases NNS were VBD signed VBN . . 
14 Certainly RB , , the DT recent JJ drop NN in IN prices NNS does VBZ n't RB mean VB Manhattan NNP comes VBZ cheap JJ . . 
16 New NNP York NNP retail JJ rents NNS still RB run VBP well RB above IN the DT going JJ rate NN in IN other JJ U.S. NNP cities NNS . . 
27 Madison NNP and CC Fifth NNP Avenues NNP and CC East NNP 57th NNP Street NNP can MD command VB rents NNS of IN up RB to TO $ $ 500 CD a DT square JJ foot NN , , and CC $ $ 250 CD is VBZ not RB uncommon JJ . . 
24 The DT thriving VBG 34th NNP Street NNP area NN offers VBZ rents NNS of IN about RB $ $ 100 CD a DT square JJ foot NN , , as IN do VB up-and-coming JJ locations NNS along IN lower JJR Fifth NNP Avenue NNP . . 
24 By IN contrast NN , , rentals NNS in IN the DT best JJS retail JJ locations NNS in IN Boston NNP , , San NNP Francisco NNP and CC Chicago NNP rarely RB top VBP $ $ 100 CD a DT square JJ foot NN . . 
19 And CC rents NNS on IN Beverly NNP Hills NNP ' POS Rodeo NNP Drive NNP generally RB do VBP n't RB exceed VB about RB $ $ 125 CD a DT square JJ foot NN . . 
14 The DT New NNP York NNP Stock NNP Exchange NNP said VBD two CD securities NNS will MD begin VB trading VBG this DT week NN . . 
16 Precision NNP Castparts NNP Corp. NNP , , Portland NNP , , Ore. NNP , , will MD begin VB trading VBG with IN the DT symbol NN PCP NNP . . 
9 It PRP makes VBZ investment NN castings NNS and CC has VBZ traded VBN over-the-counter RB . . 
31 Royal NNP Bank NNP of IN Scotland NNP Group NNP PLC NNP , , an DT Edinburgh NNP , , Scotland NNP , , financial JJ services NNS company NN , , will MD list VB American JJ depositary JJ shares NNS , , representing VBG preferred JJ shares NNS , , with IN the DT symbol NN RBSPr NNP . . 
13 It PRP will MD continue VB to TO trade VB on IN the DT International NNP Stock NNP Exchange NNP , , London NNP . . 
10 The DT American NNP Stock NNP Exchange NNP listed VBD shares NNS of IN two CD companies NNS . . 
21 AIM NNP Telephones NNP Inc. NNP , , a DT Parsippany NNP , , N.J. NNP , , telecommunications NNS equipment NN supply NN company NN , , started VBD trading VBG with IN the DT symbol NN AIM NNP . . 
5 It PRP had VBD traded VBN over-the-counter RB . . 
13 Columbia NNP Laboratories NNP Inc. NNP , , Miami NNP , , began VBD trading VBG with IN the DT symbol NN COB NNP . . 
7 The DT pharmaceuticals NNS maker NN had VBD traded VBN over-the-counter RB . . 
15 The DT National NNP Market NNP System NNP of IN the DT Nasdaq NNP over-the-counter JJ market NN listed VBD shares NNS of IN one CD company NN . . 
18 Employee NNP Benefit NNP Plans NNP Inc. NNP , , a DT Minneapolis NNS health-care NN services NNS company NN , , was VBD listed VBN with IN the DT symbol NN EBPI NNP . . 
29 When WRB Justice NNP William NNP Brennan NNP marks VBZ the DT start NN of IN his PRP$ 34th JJ year NN on IN the DT Supreme NNP Court NNP today NN , , the DT occasion NN will MD differ VB sharply RB from IN previous JJ anniversaries NNS of IN his PRP$ tenure NN . . 
28 For IN the DT first JJ time NN , , the DT 83-year-old JJ justice NN finds VBZ his PRP$ influence NN almost RB exclusively RB in IN dissent NN , , rather RB than IN as IN a DT force NN in IN the DT high JJ court NN 's POS majority NN . . 
27 This DT role NN reversal NN holds VBZ true JJ , , as IN well RB , , for IN his PRP$ three CD liberal JJ and CC moderate JJ allies NNS , , Justices NNP Thurgood NNP Marshall NNP , , Harry NNP Blackmun NNP and CC John NNP Stevens NNP . . 
32 But CC are VBP these DT four CD players NNS , , three CD of IN them PRP in IN their PRP$ 80s NNS , , ready JJ to TO assume VB a DT different JJ role NN after IN 88 CD years NNS , , collectively RB , , of IN service NN on IN the DT high JJ court NN ? . 
27 Every DT indication NN is VBZ that IN the DT four CD are VBP prepared JJ to TO accept VB this DT new JJ role NN , , and CC the DT frustrations NNS that WDT go VBP with IN it PRP , , but CC in IN different JJ ways NNS . . 
17 Justices NNPS Brennan NNP and CC Stevens NNP appear VBP philosophical JJ about IN it PRP ; : Justices NNPS Marshall NNP and CC Blackmun NNP appear VBP fighting NN mad JJ . . 
24 The DT four CD justices NNS are VBP no DT newcomers NNS to TO dissent NN , , often RB joining VBG forces NNS in IN the DT past JJ decade NN to TO criticize VB the DT court NN 's POS conservative JJ drift NN . . 
37 But CC always RB , , in IN years NNS past JJ , , they PRP have VBP bucked VBN the DT trend NN and CC have VBP been VBP able JJ to TO pick VB up RP a DT fifth JJ vote NN to TO eke VB out RP a DT number NN of IN major JJ victories NNS in IN civil JJ rights NNS and CC liberties NNS cases NNS . . 
23 Now RB , , however RB , , as IN the DT court NN 's POS new JJ five-member JJ conservative JJ majority NN continues VBZ to TO solidify VB , , victories NNS for IN the DT liberals NNS are VBP rare JJ . . 
23 The DT change NN is VBZ most RBS dramatic JJ for IN Justice NNP Brennan NNP , , the DT last JJ survivor NN of IN the DT mid-1960s NNS liberal JJ majority NN under IN Chief NNP Justice NNP Earl NNP Warren NNP . . 
41 In IN the DT seven CD Supreme NNP Court NNP terms NNS from IN the DT fall NN of IN 1962 CD through IN the DT spring NN of IN 1967 CD , , the DT height NN of IN the DT Warren NNP Court NNP 's POS power NN , , Justice NNP Brennan NNP cast VBD only RB 25 CD dissenting JJ votes NNS in IN 555 CD cases NNS decided VBN by IN the DT court NN . . 
23 Last JJ term NN alone RB he PRP cast VBD 52 CD dissenting JJ votes NNS in IN 133 CD decisions NNS , , with IN the DT contentious JJ flag-burning NN ruling NN as IN his PRP$ only JJ big JJ victory NN . . 
19 But CC Justice NNP Brennan NNP foresaw VBD his PRP$ new JJ role NN , , strongly RB defending VBG the DT importance NN of IN dissents NNS in IN a DT 1985 CD speech NN . . 
32 `` `` Each DT time NN the DT court NN revisits VBZ an DT issue NN , , the DT justices NNS will MD be VB forced VBN by IN a DT dissent NN to TO reconsider VB the DT fundamental JJ questions NNS and CC to TO rethink VB the DT result NN , , '' '' he PRP said VBD . . 
31 Moreover RB , , in IN recent JJ months NNS he PRP has VBZ said VBD that IN when WRB he PRP was VBD on IN the DT winning VBG side NN in IN the DT 1960s NNS , , he PRP knew VBD that IN the DT tables NNS might MD turn VB in IN the DT future NN . . 
33 He PRP has VBZ said VBD that IN he PRP now RB knows VBZ how WRB Justice NNP John NNP Harlan NNP felt VBD , , a DT reference NN to TO the DT late JJ conservative JJ justice NN who WP was VBD the DT most RBS frequent JJ dissenter NN from IN the DT Warren NNP Court NNP 's POS opinions NNS . . 
39 Associates NNS of IN 81-year-old JJ Justice NNP Marshall NNP say VB he PRP was VBD `` `` depressed JJ '' '' about IN the DT court NN 's POS direction NN last JJ spring NN , , but CC is VBZ feisty JJ about IN his PRP$ role NN and CC determined JJ to TO speak VB out RP against IN the DT court NN 's POS cutbacks NNS in IN civil JJ rights NNS . . 
30 `` `` We PRP could MD sweep VB it PRP under IN the DT rug NN and CC hide VB it PRP , , but CC I PRP 'm VBP not RB going VBG to TO do VB it PRP , , '' '' he PRP said VBD in IN a DT speech NN last JJ month NN . . 
23 He PRP , , like IN Justice NNP Brennan NNP , , considers VBZ dissents NNS highly RB important JJ for IN the DT future NN , , a DT point NN that DT has VBZ n't RB escaped VBN legal JJ scholars NNS . . 
18 Harvard NNP Law NNP School NNP Professor NNP Laurence NNP Tribe NNP says VBZ there EX is VBZ a DT `` `` generation-skipping JJ '' '' flavor NN to TO current JJ dissents NNS . . 
28 The DT dissenters NNS in IN the DT Warren NNP Court NNP , , he PRP says VBZ , , appeared VBD to TO be VB writing VBG for IN the DT short-term NN , , suggesting VBG that IN the DT court NN 's POS direction NN might MD change VB soon RB . . 
19 `` `` Brennan NNP and CC Marshall NNP are VBP speaking VBG in IN their PRP$ dissents NNS to TO a DT more RBR distant JJ future NN , , '' '' he PRP says VBZ . . 
18 Justice NNP Blackmun NNP , , who WP will MD turn VB 81 CD next JJ month NN , , also RB seems VBZ feisty JJ about IN his PRP$ new JJ role NN . . 
31 Associates NNS say VBP he PRP takes VBZ some DT defeats NNS more RBR personally RB than IN his PRP$ colleagues NNS , , especially RB attempts NNS to TO curtail VB the DT right NN to TO abortion NN first RB recognized VBN in IN his PRP$ 1973 CD opinion NN , , Roe NNP vs. IN Wade NNP . . 
24 Friends NNS and CC associates NNS who WP saw VBD Justice NNP Blackmun NNP during IN the DT summer NN said VBD he PRP was VBD no DT more RBR discouraged JJ about IN the DT court NN than IN in IN recent JJ years NNS . . 
11 And CC his PRP$ outlook NN improved VBD after IN successful JJ cataract NN surgery NN in IN August NNP . . 
22 But CC his PRP$ level NN of IN frustration NN showed VBD in IN a DT recent JJ , , impassioned JJ speech NN to TO a DT group NN of IN hundreds NNS of IN lawyers NNS in IN Chicago NNP . . 
39 He PRP concluded VBD his PRP$ remarks NNS by IN quoting VBG , , emotionally RB and CC at IN some DT length NN , , according VBG to TO those DT present JJ , , the DT late JJ Martin NNP Luther NNP King NNP 's POS famous JJ `` `` I PRP Have VBP a DT Dream NN '' '' speech NN from IN the DT 1963 CD March NNP on IN Washington NNP . . 
48 Justice NNP Stevens NNP , , 69 CD , , is VBZ probably RB the DT most RBS philosophical JJ of IN the DT dissenters NNS about IN his PRP$ role NN , , in IN part NN because IN he PRP may MD be VB the DT least JJS liberal NN of IN the DT four CD , , but CC also RB because IN he PRP enjoys VBZ the DT intellectual JJ challenge NN of IN arguing VBG with IN the DT majority NN more RBR than IN the DT others NNS . . 
33 If IN the DT role NN these DT four CD dissenters NNS are VBP assuming VBG is VBZ a DT familiar JJ one CD in IN modern JJ Supreme NNP Court NNP history NN , , it PRP also RB differs VBZ in IN an DT important JJ way NN from IN recent JJ history NN , , court NN watchers NNS say VBP . . 
44 `` `` The DT dissenters NNS of IN the DT Warren NNP Court NNP were VBD often RB defending VBG a DT legal JJ legacy NN that IN they PRP inherited VBD , , '' '' says VBZ Prof. NNP A.E. NNP Dick NNP Howard NNP of IN the DT University NNP of IN Virginia NNP Law NNP School NNP , , `` `` but CC the DT dissenters NNS today NN are VBP defending VBG a DT legacy NN that IN they PRP created VBD . . 
32 The DT government NN sold VBD the DT deposits NNS of IN four CD savings-and-loan JJ institutions NNS , , in IN its PRP$ first JJ wave NN of IN sales NNS of IN big JJ , , sick JJ thrifts NNS , , but CC low JJ bids NNS prevented VBD the DT sale NN of IN a DT fifth JJ . . 
39 The DT four CD S&Ls NNS were VBD sold VBN to TO large JJ banks NNS , , as IN was VBD the DT case NN with IN most JJS of IN the DT 28 CD previous JJ transactions NNS initiated VBN by IN the DT Resolution NNP Trust NNP Corp. NNP since IN it PRP was VBD created VBN in IN the DT S&L NN bailout NN legislation NN two CD months NNS ago RB . . 
29 Two CD of IN the DT four CD big JJ thrifts NNS were VBD sold VBN to TO NCNB NNP Corp. NNP , , Charlotte NNP , , N.C. NNP , , which WDT has VBZ aggressively RB expanded VBN its PRP$ markets NNS , , particularly RB in IN Texas NNP and CC Florida NNP . . 
17 A DT Canadian JJ bank NN bought VBD another DT thrift NN , , in IN the DT first JJ RTC NNP transaction NN with IN a DT foreign JJ bank NN . . 
15 Under IN these DT deals NNS , , the DT RTC NNP sells VBZ just RB the DT deposits NNS and CC the DT healthy JJ assets NNS . . 
25 These DT `` `` clean-bank JJ '' '' transactions NNS leave VBP the DT bulk NN of IN bad JJ assets NNS , , mostly RB real JJ estate NN , , with IN the DT government NN , , to TO be VB sold VBN later RB . . 
19 In IN these DT four CD , , for IN instance NN , , the DT RTC NNP is VBZ stuck VBN with IN $ $ 4.51 CD billion CD in IN bad JJ assets NNS . . 
26 Acquirers NNS paid VBD premiums NNS ranging VBG from IN 1.5 CD % NN to TO 3.7 CD % NN for IN the DT deposits NNS and CC branch NN systems NNS , , roughly RB in IN line NN with IN what WP analysts NNS were VBD expecting VBG . . 
23 The DT buyers NNS will MD also RB be VB locked VBN into IN deposit NN rates NNS for IN just RB two CD weeks NNS , , as IN has VBZ been VBN the DT case NN with IN previous JJ deals NNS . . 
15 After IN that DT , , the DT buyers NNS may MD repudiate VB the DT rates NNS paid VBN by IN the DT former JJ thrifts NNS . . 
12 But CC it PRP 's VBZ uncertain JJ whether IN these DT institutions NNS will MD take VB those DT steps NNS . . 
30 NCNB NNP , , for IN example NN , , has VBZ been VBN one CD of IN the DT highest JJS rate NN payers NNS in IN the DT Texas NNP market NN , , and CC in IN Florida NNP , , rates NNS are VBP especially RB sensitive JJ in IN retirement NN communities NNS . . 
31 The DT RTC NNP had VBD previously RB targeted VBN five CD thrifts NNS for IN quick JJ sales NNS in IN order NN to TO spend VB cash NN by IN certain JJ budgetary JJ deadlines NNS , , but CC the DT delays NNS illustrate VBP the DT tough JJ chore NN facing VBG the DT agency NN . . 
21 `` `` These DT thrifts NNS are VBP beached JJ whales NNS , , '' '' said VBD Bert NNP Ely NNP , , an DT industry NN consultant NN based VBN in IN Alexandria NNP , , Va NNP . . 
42 For IN example NN , , the DT delay NN in IN selling VBG People NNP 's POS Heritage NNP Savings NNP , , Salina NNP , , Kan. NNP , , with IN $ $ 1.7 CD billion CD in IN assets NNS , , has VBZ forced VBN the DT RTC NNP to TO consider VB selling VBG off RP the DT thrift NN branch-by-branch RB , , instead RB of IN as IN a DT whole JJ institution NN . . 
11 NCNB NNP continued VBD its PRP$ foray NN into IN the DT Florida NNP and CC Texas NNP markets NNS . . 
18 NCNB NNP will MD acquire VB University NNP Federal NNP Savings NNP Association NNP , , Houston NNP , , which WDT had VBD assets NNS of IN $ $ 2.8 CD billion CD . . 
21 NCNB NNP Texas NNP National NNP Bank NNP will MD pay VB the DT RTC NNP a DT premium NN of IN $ $ 129 CD million CD for IN $ $ 3.5 CD billion CD in IN deposits NNS . . 
34 As IN a DT measure NN of IN the DT depths NNS to TO which WDT the DT Texas NNP real JJ estate NN market NN has VBZ sunk VBN , , the DT RTC NNP will MD pay VB $ $ 3.8 CD billion CD to TO NCNB NNP to TO take VB $ $ 750 CD million CD of IN bad JJ assets NNS . . 
22 NCNB NNP also RB acquired VBD Freedom NNP Savings NNP & CC Loan NNP Association NNP , , Tampa NNP , , Fla. NNP , , which WDT had VBD total JJ assets NNS of IN $ $ 900 CD million CD . . 
18 NCNB NNP will MD pay VB the DT RTC NNP a DT premium NN of IN $ $ 40.4 CD million CD for IN $ $ 1.1 CD billion CD in IN deposits NNS . . 
24 NCNB NNP will MD also RB acquire VB $ $ 266 CD million CD of IN Freedom NNP 's POS assets NNS from IN the DT RTC NNP , , which WDT will MD require VB $ $ 875 CD million CD in IN assistance NN . . 
28 Meridian NNP Bancorp NNP Inc. NNP , , Reading NN , , Pa. NNP , , will MD acquire VB Hill NNP Financial NNP Savings NNP Association NNP , , Red NNP Hill NNP , , Pa. NNP , , which WDT had VBD $ $ 2.3 CD billion CD in IN assets NNS . . 
17 Meridian NNP will MD pay VB a DT premium NN of IN $ $ 30.5 CD million CD to TO assume VB $ $ 2 CD billion CD in IN deposits NNS . . 
21 It PRP will MD also RB purchase VB $ $ 845 CD million CD of IN the DT thrift NN 's POS assets NNS , , with IN $ $ 1.9 CD billion CD in IN RTC NNP assistance NN . . 
35 In IN the DT first JJ RTC NNP transaction NN with IN a DT foreign JJ buyer NN , , Royal NNP Trustco NNP Ltd. NNP , , Toronto NNP , , will MD acquire VB Pacific NNP Savings NNP Bank NNP , , Costa NNP Mesa NNP , , Calif. NNP , , which WDT had VBD $ $ 949 CD million CD in IN assets NNS . . 
17 Royal NNP Trustco NNP will MD pay VB the DT RTC NNP $ $ 25 CD million CD to TO assume VB $ $ 989 CD million CD in IN deposits NNS . . 
21 It PRP will MD also RB purchase VB $ $ 473 CD million CD in IN assets NNS , , and CC receive VB $ $ 550 CD million CD in IN assistance NN from IN the DT RTC NNP . . 
13 The DT following JJ issues NNS were VBD recently RB filed VBN with IN the DT Securities NNP and CC Exchange NNP Commission NNP : : 
16 American NNP Cyanamid NNP Co. NNP , , offering NN of IN 1,250,000 CD common JJ shares NNS , , via IN Merrill NNP Lynch NNP Capital NNP Markets NNP . . 
16 Limited NNP Inc. NNP , , offering NN of IN up IN to TO $ $ 300 CD million CD of IN debt NN securities NNS and CC warrants NNS . . 
40 Nuveen NNP California NNP Performance NNP Plus NNP Municipal NNP Fund NNP Inc. NNP , , initial JJ offering NN of IN five CD million CD common JJ shares NNS , , via IN Alex NNP . . Brown NNP & CC Sons NNP Inc. NNP , , John NNP Nuveen NNP & CC Co. NNP , , Prudential-Bache NNP Capital NNP Funding NNP , , and CC Bateman NNP Eichler NNP , , Hill NNP Richards NNP . . 
56 PacifiCare NNP Health NNP Systems NNP Inc. NNP , , proposed VBN offering NN of IN 1.5 CD million CD common JJ shares NNS , , of IN which WDT 700,000 CD shares NNS will MD be VB offered VBN by IN PacifiCare NNP and CC 800,000 CD shares NNS by IN UniHealth NNP America NNP Inc NNP . . -LRB- -LRB- PacifiCare NNP 's POS 71 CD % NN -RRB- -RRB- , , via IN Dillon NNP , , Read NNP & CC Co. NNP Inc. NNP , , Goldman NNP , , Sachs NNP & CC Co. NNP and CC Dean NNP Witter NNP Reynolds NNP Inc NNP . . 
29 Pricor NNP Inc. NNP , , offering NN of IN one CD million CD new JJ shares NNS of IN common JJ stock NN and CC 300,000 CD shares NNS by IN holders NNS , , via IN Drexel NNP Burnham NNP Lambert NNP Inc. NNP and CC J.C. NNP Bradford NNP & CC Co NNP . . 
17 Trans NNP World NNP Airlines NNP Inc. NNP , , offering NN of IN $ $ 150 CD million CD senior JJ notes NNS , , via IN Drexel NNP Burnham NNP . . 
39 Time NNP magazine NN , , in IN a DT move NN to TO reduce VB the DT costs NNS of IN wooing VBG new JJ subscribers NNS , , is VBZ lowering VBG its PRP$ circulation NN guarantee NN to TO advertisers NNS for IN the DT second JJ consecutive JJ year NN , , increasing VBG its PRP$ subscription NN rates NNS and CC cutting VBG back RP on IN merchandise NN giveaways NNS . . 
67 In IN an DT announcement NN to TO its PRP$ staff NN last JJ week NN , , executives NNS at IN Time NNP Warner NNP Inc. NNP 's POS weekly JJ magazine NN said VBD Time NNP will MD `` `` dramatically RB de-emphasize VB '' '' its PRP$ use NN of IN electronic JJ giveaways NNS such JJ as IN telephones NNS in IN television NN subscription NN drives NNS ; : cut VB the DT circulation NN it PRP guarantees VBZ advertisers NNS by IN 300,000 CD , , to TO four CD million CD ; : and CC increase VB the DT cost NN of IN its PRP$ annual JJ subscription NN rate NN by IN about RB $ $ 4 CD to TO $ $ 55 CD . . 
40 In IN a DT related JJ development NN , , the DT news-weekly NN , , for IN the DT fourth JJ year NN in IN a DT row NN , , said VBD it PRP wo MD n't RB increase VB its PRP$ advertising NN rates NNS in IN 1990 CD ; : a DT full JJ , , four-color JJ page NN in IN the DT magazine NN costs VBZ about RB $ $ 120,000 CD . . 
31 However RB , , because IN the DT guaranteed VBN circulation NN base NN is VBZ being VBG lowered VBN , , ad NN rates NNS will MD be VB effectively RB 7.5 CD % NN higher JJR per IN subscriber NN , , according VBG to TO Richard NNP Heinemann NNP , , Time NNP associate JJ publisher NN . . 
35 Time NNP is VBZ following VBG the DT course NN of IN some DT other JJ mass-circulation JJ magazines NNS that IN in IN recent JJ years NNS have VBP challenged VBN the DT publishing NN myth NN that IN maintaining VBG artificially RB high JJ , , and CC expensive JJ , , circulations NNS is VBZ the DT way NN to TO draw VB advertisers NNS . . 
43 In IN recent JJ years NNS , , Reader NNP 's POS Digest NNP , , New NNP York NNP Times NNP Co. NNP 's POS McCall NNP 's POS , , and CC most RBS recently RB News NNP Corp. NNP 's POS TV NNP Guide NNP , , have VBP cut VBN their PRP$ massive JJ circulation NN rate NN bases NNS to TO eliminate VB marginal JJ circulation NN and CC hold VB down RP rates NNS for IN advertisers NNS . . 
28 Deep JJ discounts NNS in IN subscriptions NNS and CC offers NNS of IN free JJ clock NN radios NNS and CC watches NNS have VBP become VBN accepted JJ forms NNS of IN attracting VBG new JJ subscribers NNS in IN the DT hyper-competitive JJ world NN of IN magazine NN news-weeklies NNS . . 
21 But CC Time NNP , , as IN part NN of IN the DT more RBR cost-conscious JJ Time NNP Warner NNP , , wants VBZ to TO wean VB itself PRP away RB from IN expensive JJ gimmicks NNS . . 
16 Besides RB , , Time NNP executives NNS think VBP selling VBG a DT news NN magazine NN with IN a DT clock NN radio NN is VBZ tacky JJ . . 
14 `` `` Giveaways NNS just RB give VBP people NNS the DT wrong JJ image NN , , '' '' said VBD Mr. NNP Heinemann NNP . . 
11 `` `` That DT perception NN takes VBZ the DT focus NN off IN the DT magazine NN . . '' '' 
20 Time NNP magazine NN executives NNS predictably RB paint VBP the DT circulation NN cut NN as IN a DT show NN of IN strength NN and CC actually RB a DT benefit NN to TO advertisers NNS . . 
30 `` `` What WP we PRP are VBP doing VBG is VBZ screening VBG out RP the DT readers NNS who WP are VBP only RB casually RB related VBN to TO the DT magazine NN and CC do VBP n't RB really RB read VB it PRP , , '' '' said VBD Mr. NNP Heinemann NNP . . 
11 `` `` We PRP are VBP trying VBG to TO create VB quality NN and CC involvement NN . . '' '' 
25 However RB , , Time NNP executives NNS used VBD the DT same JJ explanation NN when WRB in IN October NNP 1988 CD the DT magazine NN cut VBD its PRP$ guaranteed VBN circulation NN from IN 4.6 CD million CD to TO 4.3 CD million CD . . 
28 And CC Time NNP 's POS paid JJ circulation NN , , according VBG to TO Audit NNP Bureau NNP of IN Circulations NNP , , dropped VBD 7.3 CD % NN to TO 4,393,237 CD in IN the DT six CD months NNS ended VBD June NNP 30 CD , , 1989 CD . . 
13 Still RB , , Time NNP 's POS move NN is VBZ being VBG received VBN well RB , , once RB again RB . . 
29 `` `` It PRP 's VBZ terrific JJ for IN advertisers NNS to TO know VB the DT reader NN will MD be VB paying VBG more JJR , , '' '' said VBD Michael NNP Drexler NNP , , national JJ media NNS director NN at IN Bozell NNP Inc. NNP ad NN agency NN . . 
11 `` `` A DT few JJ drops NNS in IN circulation NN are VBP of IN no DT consequence NN . . 
21 It PRP 's VBZ not RB a DT show NN of IN weakness NN ; : they PRP are VBP improving VBG the DT quality NN of IN circulation NN while IN insuring VBG their PRP$ profits NNS . . '' '' 
40 Mr. NNP Heinemann NNP said VBD the DT changes NNS represent VBP a DT new JJ focus NN in IN the DT magazine NN industry NN : : a DT magazine NN 's POS net JJ revenue NN per IN subscriber NN , , or CC the DT actual JJ revenue NN from IN subscribers NNS after IN discounts NNS and CC the DT cost NN of IN premiums NNS have VBP been VBN stripped VBN away RP . . 
18 `` `` The DT question NN is VBZ how WRB much JJ are VBP we PRP getting VBG from IN each DT reader NN , , '' '' said VBD Mr. NNP Heinemann NNP . . 
37 Time NNP 's POS rivals NNS news-weeklies NNS , , Washington NNP Post NNP Co. NNP 's POS Newsweek NNP and CC U.S. NNP News NNP & CC World NNP Report NNP , , are VBP less RBR reliant JJ on IN electronic JJ giveaways NNS , , and CC in IN recent JJ years NNS both DT have VBP been VBN increasing VBG their PRP$ circulation NN rate NN bases NNS . . 
18 Both DT magazines NNS are VBP expected VBN to TO announce VB their PRP$ ad NN rates NNS and CC circulation NN levels NNS for IN 1990 CD within IN a DT month NN . . 
25 When WRB the DT news NN broke VBD of IN an DT attempted JJ coup NN in IN Panama NNP two CD weeks NNS ago RB , , Sen. NNP Christopher NNP Dodd NNP called VBD the DT State NNP Department NNP for IN a DT briefing NN . . 
14 `` `` They PRP said VBD , , ` `` follow VB CNN NNP , , ' '' '' '' he PRP told VBD reporters NNS . . 
29 That DT shows VBZ how WRB far RB Ted NNP Turner NNP 's POS Cable NNP News NNP Network NNP has VBZ come VBN since IN its PRP$ birth NN nine CD years NNS ago RB , , when WRB it PRP was VBD considered VBN the DT laughingstock NN of IN television NN news NN . . 
21 It PRP is VBZ bigger JJR , , faster JJR and CC more RBR profitable JJ than IN the DT news NN divisions NNS of IN any DT of IN the DT three CD major JJ broadcast NN networks NNS . . 
19 Its PRP$ niche NN as IN the DT `` `` network NN of IN record NN '' '' during IN major JJ crises NNS draws VBZ elite JJ audiences NNS around IN the DT world NN . . 
12 But CC for IN all PDT its PRP$ success NN , , CNN NNP has VBZ hit VBN a DT plateau NN . . 
15 Although IN viewership NN soars NNS when WRB big JJ news NN breaks VBZ , , it PRP ebbs VBZ during IN periods NNS of IN calm NN . . 
34 CNN NNP executives NNS worry VBP that IN the DT network NN 's POS punchy JJ but CC repetitive JJ news NN format NN may MD be VB getting VBG stale JJ and CC wo MD n't RB keep VB viewers NNS coming VBG back RB as IN the DT alternatives NNS multiply VBP for IN news NN and CC information NN on IN cable-TV NN . . 
36 `` `` Just RB the DT fact NN we PRP 're VBP on IN 24 CD hours NNS is VBZ no DT longer RBR bulletin NN , , '' '' says VBZ Ed NNP Turner NNP , , CNN NNP 's POS executive JJ vice NN president NN , , news NN gathering NN -LRB- -LRB- and CC no DT relation NN to TO Ted NNP Turner NNP -RRB- -RRB- . . 
9 `` `` You PRP ca MD n't RB live VB on IN that DT . . '' '' 
38 So RB CNN NNP , , a DT unit NN of IN Atlanta-based JJ Turner NNP Broadcasting NNP System NNP Inc. NNP , , is VBZ trying VBG to TO reposition VB itself PRP as IN a DT primary JJ channel NN , , or CC what WP people NNS in IN the DT television NN industry NN call VBP a DT `` `` top NN of IN mind NN '' '' network NN . . 
35 Tonight RB , , to TO kick VB off RP the DT effort NN , , CNN NNP will MD premiere VB its PRP$ first JJ prime-time NN newscast NN in IN years NNS , , an DT hourlong JJ show NN at IN 6 CD p.m RB . . Eastern JJ time NN to TO air VB head-to-head RB against IN the DT network NN newscasts NNS . . 
32 The DT show NN will MD be VB co-anchored VBN by IN Bernard NNP Shaw NNP and CC Catherine NNP Crier NNP , , a DT 34-year-old JJ former JJ Texas NNP judge NN and CC campus NN beauty NN queen NN who WP has VBZ never RB held VBN a DT job NN in IN television NN or CC journalism NN . . 
38 The DT new JJ show NN is VBZ perhaps RB the DT boldest JJS in IN a DT number NN of IN steps NNS the DT network NN is VBZ taking VBG to TO build VB audience NN loyalty NN by IN shifting VBG away RB from IN its PRP$ current JJ format NN toward IN more JJR full-length JJ `` `` signature NN '' '' programming NN with IN recognizable JJ stars NNS . . 
17 To TO distinguish VB itself PRP , , CNN NNP is VBZ also RB expanding VBG international JJ coverage NN and CC adding VBG a DT second JJ global-news NN program NN . . 
18 It PRP is VBZ paying VBG higher JJR salaries NNS -- : after IN years NNS of IN scrimping VBG -- : to TO lure VB and CC keep VB experienced JJ staffers NNS . . 
18 And CC it PRP is VBZ embarking VBG on IN an DT expensive JJ gamble NN to TO break VB major JJ stories NNS with IN a DT large JJ investigative-reporting NN team NN . . 
47 `` `` The DT next JJ stage NN is VBZ to TO get VB beyond IN the DT opinion NN leaders NNS who WP use VBP us PRP as IN a DT point NN of IN reference NN to TO become VB a DT point NN of IN reference NN at IN ordinary JJ dinner NN tables NNS , , '' '' says VBZ Jon NNP Petrovich NNP , , executive JJ vice NN president NN of IN Headline NNP News NNP , , CNN NNP 's POS sister NN network NN . . 
7 But CC that DT wo MD n't RB be VB easy JJ . . 
20 Networks NNS , , like IN other JJ consumer NN products NNS , , develop VBP images NNS in IN peoples NNS ' POS minds NNS that WDT are VBP n't RB easy JJ to TO change VB . . 
26 It PRP also RB takes VBZ money NN that IN CNN NNP has VBZ been VBN reluctant JJ to TO spend VB to TO make VB programs NNS and CC hire VB talent NN that IN viewers NNS will MD tune VB in RP specially RB to TO see VB . . 
20 And CC the DT cable-TV NN operators NNS -- : CNN NNP 's POS distributors NNS and CC part JJ owners NNS -- : like IN things NNS just RB the DT way NN they PRP are VBP . . 
26 The DT repositioning NN bid NN is VBZ aimed VBN at IN CNN NNP 's POS unsteady JJ viewership NN -- : and CC what WP may MD happen VB to TO it PRP as IN the DT cable-TV NN news NN market NN grows VBZ more RBR competitive JJ . . 
37 Already RB , , CNN NNP is VBZ facing VBG stronger JJR competition NN from IN Financial NNP News NNP Network NNP Inc. NNP and CC General NNP Electric NNP Co. NNP 's POS Consumer NNP News NNP and CC Business NNP Channel NNP , , both DT of IN which WDT are VBP likely JJ to TO pursue VB more JJR general JJ news NN in IN the DT future NN . . 
21 In IN addition NN , , many JJ cable-TV NN systems NNS themselves PRP are VBP airing VBG more JJR local JJ and CC regional JJ news NN programs NNS produced VBN by IN local JJ broadcast NN stations NNS . . 
9 CNN NNP wants VBZ to TO change VB its PRP$ viewers NNS ' POS habits NNS . . 
38 Its PRP$ watchers NNS are VBP , , on IN the DT whole NN , , a DT disloyal JJ group NN of IN channel-zapping JJ `` `` grazers NNS '' '' and CC news NN junkies NNS , , who WP spend VBP an DT average NN of IN just RB 26 CD minutes NNS a DT day NN watching VBG CNN NNP , , according VBG to TO audience NN research NN . . 
15 That DT 's VBZ less JJR than IN one-third NN the DT time NN that IN viewers NNS watch VBP the DT major JJ broadcast NN networks NNS . . 
26 The DT brief JJ attention NN viewers NNS give VBP CNN NNP could MD put VB it PRP at IN a DT disadvantage NN as IN ratings NNS data NNS , , and CC advertising NN , , become VBN more RBR important JJ to TO cable-TV NN channels NNS . . 
11 CNN NNP 's POS viewer NN habits NNS have VBP been VBN molded VBN by IN its PRP$ format NN . . 
15 Its PRP$ strategy NN in IN the DT past NN has VBZ been VBN to TO serve VB as IN a DT TV NN wire NN service NN . . 
28 It PRP focused VBD on IN building NN up RP its PRP$ news NN bureaus NN around IN the DT world NN , , so RB as IN events NNS took VBD place NN it PRP could MD go VB live JJ quicker RBR and CC longer RBR than IN other JJ networks NNS . . 
37 It PRP filled VBD its PRP$ daily JJ schedule NN with IN newscasts NNS called VBN `` `` Daybreak NNP , , '' '' `` `` Daywatch NNP , , '' '' `` `` Newsday NNP , , '' '' and CC `` `` Newsnight NNP , , '' '' but CC the DT shows NNS varied VBD little JJ in IN content NN , , personality NN or CC look NN . . 
10 Now RB , , the DT push NN is VBZ on RB for IN more-distinctive JJR shows NNS . . 
25 `` `` Our PRP$ goal NN is VBZ to TO create VB more JJR programs NNS with IN an DT individual JJ identity NN , , '' '' says VBZ Paul NNP Amos NNP , , CNN NNP executive JJ vice NN president NN for IN programming NN . . 
37 Accordingly RB , , CNN NNP is VBZ adding VBG a DT world-affairs NNS show NN in IN the DT morning NN because IN surveys NNS show VBP its PRP$ global-news NN hour NN in IN the DT afternoon NN is VBZ among IN its PRP$ most RBS `` `` differentiated JJ '' '' programs NNS in IN viewers NNS ' POS minds NNS , , says VBZ Mr. NNP Amos NNP . . 
32 And CC it PRP is VBZ exploring VBG other JJ original JJ programs NNS , , similar JJ to TO its PRP$ `` `` Larry NNP King NNP Live NNP '' '' and CC `` `` Crossfire NNP '' '' talk NN shows VBZ , , which WDT executives NNS hope VBP will MD keep VB people NNS tuned VBN in RP . . 
19 Then RB there EX 's VBZ `` `` The NNP World NNP Today NNP , , '' '' the DT prime-time NN newscast NN featuring VBG Mr. NNP Shaw NNP and CC Ms. NNP Crier NNP . . 
16 Until IN now RB , , CNN NNP has VBZ featured VBN its PRP$ Hollywood NNP gossip NN show NN during IN the DT key JJ evening NN period NN . . 
28 But CC 70 CD % NN of IN the DT cable-television-equipped JJ households NNS that WDT watch VBP news NN do VBP so RB between IN 6:30 CD p.m. RB and CC 7 CD p.m. RB , , the DT network NN discovered VBD , , so IN CNN NNP wants VBZ in RB . . 
34 Mr. NNP Amos NNP says VBZ the DT Shaw-Crier NNP team NN will MD probably RB do VB two CD live JJ interviews NNS a DT day NN , , with IN most JJS of IN the DT program NN , , at IN least JJS for IN now RB , , appearing VBG similar JJ to TO CNN NNP 's POS other JJ newcasts NNS . . 
7 Some DT in IN the DT industry NN are VBP skeptical JJ . . 
48 `` `` I PRP find VBP it PRP hard JJ to TO conceive VB of IN people NNS switching VBG over RB to TO CNN NNP for IN what WP , , at IN least JJS in IN the DT public NN 's POS mind NN , , is VBZ the DT same JJ news NN , , '' '' says VBZ Reuven NNP Frank NNP , , the DT former JJ two-time JJ president NN of IN NBC NNP News NNP and CC creator NN of IN the DT Huntley-Brinkley NNP Report NNP . . 
18 The DT evening NN news NN is VBZ also RB slated VBN as IN CNN NNP 's POS stage NN for IN its PRP$ big JJ push NN into IN investigative JJ journalism NN . . 
20 In IN August NNP , , the DT network NN hired VBD award-winning JJ producer NN Pamela NNP Hill NNP , , the DT former JJ head NN of IN news NN specials NNS at IN ABC NNP . . 
26 She PRP 's VBZ assembling VBG a DT staff NN of IN about RB 35 CD investigative JJ reporters NNS who WP will MD produce VB weekly JJ , , in-depth JJ segments NNS , , with IN an DT eye NN toward IN breaking VBG big JJ stories NNS . . 
32 CNN NNP executives NNS hope VBP the DT headlines NNS created VBN by IN such JJ scoops NNS will MD generate VB excitement NN for IN its PRP$ `` `` branded JJ '' '' programs NNS , , in IN the DT way NN `` `` 60 NNP Minutes NNP '' '' did VBD so RB well RB for IN CBS NNP . . 
35 That DT 's VBZ such PDT a DT departure NN from IN the DT past NN that IN many JJ in IN the DT industry NN are VBP skeptical JJ CNN NNP will MD follow VB through RP with IN its PRP$ investigative JJ commitment NN , , especially RB after IN it PRP sees VBZ the DT cost NN of IN producing VBG in-depth JJ pieces NNS . . 
35 `` `` They PRP 've VBP never RB shown VBN any DT inclination NN to TO spend VB money NN on IN production NN , , '' '' says VBZ Michael NNP Mosettig NNP , , a DT senior JJ producer NN with IN MacNeil-Lehrer NNP NewsHour NNP , , who WP notes VBZ that IN CNN NNP is VBZ indispensable JJ to TO his PRP$ job NN . . 
19 The DT network NN 's POS salaries NNS have VBP always RB ranged VBN far RB below IN industry NN standards NNS , , resulting VBG in IN a DT less-experienced JJ work NN force NN . . 
24 CNN NNP recently RB gave VBD most JJS employees NNS raises NNS of IN as RB much JJ as IN 15 CD % NN , , but CC they PRP 're VBP still RB drastically RB underpaid JJ compared VBN with IN the DT networks NNS . . 
18 Says VBZ Mr. NNP Mosettig NNP : : `` `` CNN NNP is VBZ my PRP$ wire NN service NN ; : they PRP 're VBP on IN top NN of IN everything NN . . 
16 But CC to TO improve VB , , they PRP 've VBP really RB got VBD to TO make VB the DT investment NN in IN people NNS . . '' '' 
17 In IN any DT case NN , , cable-TV-system NN operators NNS have VBP reason NN to TO fear VB any DT tinkering NN with IN CNN NNP 's POS format NN . . 
13 They PRP market VBP cable-TV NN on IN the DT very JJ grazing NN opportunities NNS CNN NNP seeks VBZ to TO discourage VB . . 
45 `` `` We PRP would MD obviously RB be VB upset VBN if IN those DT kinds NNS of IN services NNS evolved VBD into IN more JJR general-interest JJ , , long-format JJ programming NN , , '' '' says VBZ Robert NNP Stengel NNP , , senior JJ vice NN president NN , , programming NN , , of IN Continental NNP Cablevision NNP Inc. NNP , , which WDT holds VBZ a DT 2 CD % NN stake NN in IN Turner NNP Broadcasting NNP . . 
47 The DT Second NNP U.S. NNP Circuit NNP Court NNP of IN Appeals NNP opinion NN in IN the DT Arcadian NNP Phosphate NNP case NN did VBD not RB repudiate VB the DT position NN Pennzoil NNP Co. NNP took VBD in IN its PRP$ dispute NN with IN Texaco NNP , , contrary JJ to TO your PRP$ Sept. NNP 8 CD article NN `` `` Court NN Backs VBZ Texaco NNP 's POS View NN in IN Pennzoil NNP Case NN -- : Too RB Late RB . . '' '' 
28 The DT fundamental JJ rule NN of IN contract NN law NN applied VBN to TO both DT cases NNS was VBD that IN courts NNS will MD not RB enforce VB agreements NNS to TO which WDT the DT parties NNS did VBD not RB intend VB to TO be VB bound VBN . . 
30 In IN the DT Pennzoil\/Texaco NNP litigation NN , , the DT courts NNS found VBD Pennzoil NNP and CC Getty NNP Oil NNP intended VBD to TO be VB bound VBN ; : in IN Arcadian NNP Phosphates NNP they PRP found VBD there EX was VBD no DT intention NN to TO be VB bound VBN . . 
11 Admittedly RB , , the DT principle NN in IN the DT cases NNS is VBZ the DT same JJ . . 
14 But CC the DT outcome NN of IN a DT legal JJ dispute NN almost RB always RB turns VBZ on IN the DT facts NNS . . 
18 And CC the DT facts NNS , , as IN found VBN by IN the DT various JJ courts NNS in IN these DT two CD lawsuits NNS , , were VBD different JJ . . 
18 When WRB you PRP suggest VBP otherwise RB , , you PRP leave VBP the DT realm NN of IN reporting NN and CC enter VB the DT orbit NN of IN speculation NN . . 
3 Charles NNP F. NNP Vihon NNP 
29 Valley NNP Federal NNP Savings NNP & CC Loan NNP Association NNP said VBD Imperial NNP Corp. NNP of IN America NNP withdrew VBD from IN regulators NNS its PRP$ application NN to TO buy VB five CD Valley NNP Federal NNP branches NNS , , leaving VBG the DT transaction NN in IN limbo NN . . 
46 The DT broken JJ purchase NN appears VBZ as IN additional JJ evidence NN of IN trouble NN at IN Imperial NNP Corp. NNP , , whose WP$ spokesman NN said VBD the DT company NN withdrew VBD its PRP$ application NN from IN the DT federal JJ Office NNP of IN Thrift NNP Supervision NNP because IN of IN an DT informal JJ notice NN that IN Imperial NNP 's POS thrift NN unit NN failed VBD to TO meet VB Community NNP Reinvestment NNP Act NNP requirements NNS . . 
22 The DT Community NNP Reinvestment NNP Act NNP requires VBZ savings NNS and CC loan NN associations NNS to TO lend VB money NN in IN amounts NNS related VBN to TO areas NNS where WRB deposits NNS are VBP received VBN . . 
25 The DT transaction NN , , announced VBN in IN August NNP , , included VBN about RB $ $ 146 CD million CD in IN deposits NNS at IN the DT five CD outlets NNS in IN California NNP 's POS San NNP Joaquin NNP Valley NNP . . 
30 Terms NNS were VBD n't RB disclosed VBN , , but CC Valley NNP Federal NNP had VBD said VBD it PRP expected VBD to TO post VB a DT modest JJ pretax JJ gain NN and CC to TO save VB about RB $ $ 2 CD million CD in IN operating NN costs NNS annually RB . . 
37 Valley NNP Federal NNP said VBD Friday NNP that IN it PRP is VBZ considering VBG whether IN to TO seek VB another DT buyer NN for IN the DT branches NNS or CC to TO pursue VB the DT transaction NN with IN Imperial NNP Corp. NNP , , which WDT said VBD it PRP is VBZ attempting VBG to TO meet VB Community NNP Reinvestment NNP Act NNP requirements NNS . . 
16 Valley NNP Federal NNP , , with IN assets NNS of IN $ $ 3.3 CD billion CD , , is VBZ based VBN in IN Van NNP Nuys NNP . . 
17 Imperial NNP Corp. NNP , , based VBN in IN San NNP Diego NNP , , is VBZ the DT parent NN of IN Imperial NNP Savings NNP & CC Loan NNP . . 
18 In IN the DT first JJ six CD months NNS of IN the DT year NN it PRP posted VBD a DT net JJ loss NN of IN $ $ 33.1 CD million CD . . 
13 Call VB it PRP the DT `` `` we PRP 're VBP too RB broke JJ to TO fight VB '' '' defense NN . . 
28 Lawyers NNS for IN dozens NNS of IN insolvent JJ savings NNS and CC loan NN associations NNS are VBP trying VBG a DT new JJ tack NN in IN their PRP$ efforts NNS to TO defuse VB suits NNS filed VBN by IN borrowers NNS , , developers NNS and CC creditors NNS . . 
42 The DT thrifts NNS ' POS lawyers NNS claim VBP that IN the DT suits NNS , , numbering VBG 700 CD to TO 1,000 CD in IN Texas NNP alone RB , , should MD be VB dismissed VBN as RB moot JJ because IN neither CC the DT S&Ls NNS nor CC the DT extinct JJ Federal NNP Savings NNP and CC Loan NNP Insurance NNP Corp. NNP has VBZ the DT money NN to TO pay VB judgments NNS . . 
25 Though IN the DT argument NN may MD have VB a DT common-sense NN ring NN to TO it PRP , , even RB the DT S&L NN lawyers NNS concede VB there EX 's VBZ little RB precedent JJ to TO back VB their PRP$ position NN . . 
38 Still RB , , one CD federal JJ appeals NNS court NN has VBZ signaled VBN it PRP 's VBZ willing JJ to TO entertain VB the DT notion NN , , and CC the DT lawyers NNS have VBP renewed VBN their PRP$ arguments NNS in IN Texas NNP and CC eight CD other JJ states NNS where WRB the DT defense NN is VBZ permitted VBN under IN state NN law NN . . 
34 The DT dismissal NN of IN the DT pending VBG suits NNS could MD go VB a DT long JJ way NN toward IN clearing VBG court NN dockets NNS in IN Texas NNP and CC reducing VBG the DT FSLIC NNP 's POS massive JJ legal JJ bills NNS , , which WDT topped VBD $ $ 73 CD million CD last JJ year NN . . 
45 The DT S&L NN lawyers NNS were VBD encouraged VBN last JJ month NN by IN an DT appellate-court NN ruling NN in IN two CD cases NNS brought VBN against IN defunct JJ Sunbelt NNP Savings NNP & CC Loan NNP Association NNP of IN Dallas NNP by IN the DT developers NNS of IN the DT Valley NNP Ranch NNP , , best RB known VBN as IN the DT training NN center NN for IN the DT Dallas NNP Cowboys NNP football NN team NN . . 
6 Sunbelt NNP foreclosed VBD on IN the DT ranch NN . . 
44 Sunbelt NNP and CC the DT FSLIC NNP argued VBD to TO the DT Fifth NNP U.S. NNP Circuit NNP Court NNP of IN Appeals NNP `` `` that IN there EX will MD never RB be VB any DT assets NNS with IN which WDT to TO satisfy VB a DT judgment NN against IN Sunbelt NNP Savings NNP nor CC any DT means NNS to TO collect VB from IN any DT other JJ party NN , , including VBG FSLIC NNP . . '' '' 
23 `` `` If IN true JJ , , '' '' the DT court NN wrote VBD , , `` `` this DT contention NN would MD justify VB dismissal NN of IN these DT actions NNS on IN prudential JJ grounds NNS . . '' '' 
26 But CC the DT court NN said VBD it PRP lacked VBD enough RB financial JJ information NN about IN Sunbelt NNP and CC the DT FSLIC NNP and CC sent VBD the DT cases NNS back RB to TO federal JJ district NN court NN in IN Dallas NNP . . 
47 Charles NNP Haworth NNP , , a DT lawyer NN for IN Sunbelt NNP , , says VBZ he PRP plans VBZ to TO file VB a DT brief NN this DT week NN urging VBG the DT district NN judge NN to TO dismiss VB the DT suits NNS , , because IN Sunbelt NNP 's POS liabilities NNS exceeded VBD its PRP$ assets NNS by IN about RB $ $ 2 CD billion CD when WRB federal JJ regulators NNS closed VBD it PRP in IN August NNP 1988 CD . . 
29 `` `` This DT institution NN is VBZ just RB brain NN dead JJ , , '' '' says VBZ Mr. NNP Haworth NNP , , a DT partner NN in IN the DT Dallas NNP office NN of IN Andrews NNP & CC Kurth NNP , , a DT Houston NNP law NN firm NN . . 
25 But CC a DT lawyer NN for IN Triland NNP Investment NNP Group NNP , , the DT developer NN of IN Valley NNP Ranch NNP , , dismisses VBZ such JJ arguments NNS as IN a DT `` `` defense NN du FW jour FW . . '' '' 
32 Attorney NNP Richard NNP Jackson NNP of IN Dallas NNP says VBZ a DT judgment NN for IN Triland NNP could MD be VB satisfied JJ in IN ways NNS other JJ than IN a DT monetary JJ award NN , , including VBG the DT reversal NN of IN Sunbelt NNP 's POS foreclosure NN on IN Valley NNP Ranch NNP . . 
26 `` `` We PRP 're VBP asking VBG the DT court NN for IN a DT number NN of IN things NNS he PRP can MD grant VB in IN addition NN to TO the DT thrill NN of IN victory NN , , '' '' he PRP says VBZ . . 
15 `` `` We PRP 'd MD take VB the DT Valley NNP Ranch NNP free JJ and CC clear JJ as IN a DT booby JJ prize NN . . 
22 Kenneth NNP J. NNP Thygerson NNP , , who WP was VBD named VBN president NN of IN this DT thrift NN holding NN company NN in IN August NNP , , resigned VBD , , citing VBG personal JJ reasons NNS . . 
29 Mr. NNP Thygerson NNP said VBD he PRP had VBD planned VBN to TO travel VB between IN the DT job NN in IN Denver NNP and CC his PRP$ San NNP Diego NNP home NN , , but CC has VBZ found VBN the DT commute NN too RB difficult JJ to TO continue VB . . 
7 A DT new JJ president NN was VBD n't RB named VBN . . 
13 SOUTH NNP AFRICA NNP FREED VBD the DT ANC NNP 's POS Sisulu NNP and CC seven CD other JJ political JJ prisoners NNS . . 
31 Thousands NNS of IN supporters NNS , , many JJ brandishing VBG flags NNS of IN the DT outlawed VBN African NNP National NNP Congress NNP , , gave VBD the DT anti-apartheid JJ activists NNS a DT tumultuous JJ reception NN upon IN their PRP$ return NN to TO black JJ townships NNS across IN the DT country NN . . 
13 Most JJS of IN those DT freed VBN had VBD spent VBN at IN least JJS 25 CD years NNS in IN prison NN . . 
33 The DT 77-year-old JJ Sisulu NNP , , sentenced VBN to TO life NN in IN 1964 CD along RB with IN black JJ nationalist NN Nelson NNP Mandela NNP for IN plotting VBG to TO overthrow VB the DT government NN , , said VBD equality NN for IN blacks NNS in IN South NNP Africa NNP was VBD in IN reach NN . . 
22 The DT releases NNS , , announced VBN last JJ week NN by IN President NNP de NNP Klerk NNP , , were VBD viewed VBN as IN Pretoria NNP 's POS tacit JJ legalization NN of IN the DT ANC NNP . . 
15 Mandela NNP , , considered VBN the DT most RBS prominent JJ leader NN of IN the DT ANC NNP , , remains VBZ in IN prison NN . . 
12 But CC his PRP$ release NN within IN the DT next JJ few JJ months NNS is VBZ widely RB expected VBN . . 
45 The DT Soviet NNP Union NNP reported VBD that IN thousands NNS of IN tons NNS of IN goods NNS needed VBN to TO ease VB widespread JJ shortages NNS across IN the DT nation NN were VBD piled VBN up RP at IN ports NNS and CC rail NN depots NNS , , and CC food NN shipments NNS were VBD rotting VBG because RB of IN a DT lack NN of IN people NNS and CC equipment NN to TO move VB the DT cargo NN . . 
16 Strikes NNS and CC mismanagement NN were VBD cited VBN , , and CC Premier NNP Ryzhkov NNP warned VBD of IN `` `` tough JJ measures NNS . . '' '' 
30 Bush NNP indicated VBD there EX might MD be VB `` `` room NN for IN flexibility NN '' '' in IN a DT bill NN to TO allow VB federal JJ funding NN of IN abortions NNS for IN poor JJ women NNS who WP are VBP vicitims NNS of IN rape NN and CC incest NN . . 
15 He PRP reiterated VBD his PRP$ opposition NN to TO such JJ funding NN , , but CC expressed VBD hope NN of IN a DT compromise NN . . 
21 The DT president NN , , at IN a DT news NN conference NN Friday NNP , , also RB renewed VBD a DT call NN for IN the DT ouster NN of IN Panama NNP 's POS Noriega NNP . . 
18 The DT White NNP House NNP said VBD minors NNS have VBP n't RB any DT right NN to TO abortion NN without IN the DT consent NN of IN their PRP$ parents NNS . . 
23 The DT administration NN 's POS policy NN was VBD stated VBN in IN a DT friend-of-the-court JJ brief NN urging VBG the DT Supreme NNP Court NNP to TO give VB states NNS more JJR leeway NN to TO restrict VB abortions NNS . . 
20 Ten CD of IN the DT nation NN 's POS governors NNS , , meanwhile RB , , called VBD on IN the DT justices NNS to TO reject VB efforts NNS to TO limit VB abortions NNS . . 
24 The DT Justice NNP Department NNP announced VBD that IN the DT FBI NNP has VBZ been VBN given VBN the DT authority NN to TO seize VB U.S. NNP fugitives NNS overseas RB without IN the DT permission NN of IN foreign JJ governments NNS . . 
25 Secretary NNP of IN State NNP Baker NNP emphasized VBD Friday NNP that IN the DT new JJ policy NN would MD n't RB be VB invoked VBN by IN the DT Bush NNP administration NN without IN full JJ consideration NN of IN foreign-policy NN implications NNS . . 
24 NASA NNP pronounced VBD the DT space NN shuttle NN Atlantis NNP ready JJ for IN launch NN tomorrow NN following VBG a DT five-day JJ postponement NN of IN the DT flight NN because IN of IN a DT faulty JJ engine NN computer NN . . 
5 The DT device NN was VBD replaced VBN . . 
19 The DT spacecraft NN 's POS five CD astronauts NNS are VBP to TO dispatch VB the DT Galileo NNP space NN probe NN on IN an DT exploration NN mission NN to TO Jupiter NNP . . 
25 South NNP Korea NNP 's POS President NNP Roh NNP traveled VBD to TO the DT U.S. NNP for IN a DT five-day JJ visit NN that WDT is VBZ expected VBN to TO focus VB on IN ties NNS between IN Washington NNP and CC Seoul NNP . . 
35 Roh NNP , , who WP is VBZ facing VBG calls NNS for IN the DT reduction NN of IN U.S. NNP military JJ forces NNS in IN South NNP Korea NNP , , is VBZ to TO meet VB with IN Bush NNP tomorrow NN and CC is VBZ to TO address VB a DT joint JJ session NN of IN Congress NNP on IN Wednesday NNP . . 
26 China NNP 's POS Communist JJ leadership NN voted VBD to TO purge VB the DT party NN of IN `` `` hostile JJ and CC anti-party JJ elements NNS '' '' and CC wealthy JJ private JJ businessmen NNS , , whom WP they PRP called VBD exploiters NNS . . 
25 The DT decision NN , , reported VBN by IN the DT official JJ Xinhua NNP News NNP Agency NNP , , indicated VBD that IN the DT crackdown NN prompted VBN by IN student-led JJ pro-democracy JJ protests NNS in IN June NNP is VBZ intensifying VBG . . 
30 Hundreds NNP of IN East NNP Germans NNPS flocked VBD to TO Bonn NNP 's POS Embassy NNP in IN Warsaw NNP , , bringing VBG to TO more JJR than IN 1,200 CD the DT number NN of IN emigres NNS expected VBN to TO flee VB to TO the DT West NNP beginning NN today NN . . 
14 More JJR than IN 2,100 CD others NNS escaped VBD to TO West NNP Germany NNP through IN Hungary NNP over IN the DT Weekend NN . . 
14 In IN Leipzig NNP , , activists NNS vowed VBD to TO continue VB street NN protests NNS to TO demand VB internal JJ change NN . . 
32 Zaire NNP 's POS President NNP Mobutu NNP met VBD in IN southern JJ France NNP with IN Angolan JJ rebel NN leader NN Savimbi NNP and CC a DT senior JJ U.S. NNP envoy NN in IN a DT bid NN to TO revive VB an DT accord NN to TO end VB Angola NNP 's POS civil JJ war NN . . 
20 Details NNS of IN the DT talks NNS , , described VBN by IN a DT Zairean JJ official NN as IN `` `` very RB delicate JJ , , '' '' were VBD n't RB disclosed VBN . . 
17 PLO NNP leader NN Arafat NNP insisted VBD on IN guarantees NNS that IN any DT elections NNS in IN the DT Israeli-occupied JJ territories NNS would MD be VB impartial JJ . . 
11 He PRP made VBD his PRP$ remarks NNS to TO a DT PLO NNP gathering NN in IN Baghdad NNP . . 
28 In IN the DT occupied JJ lands NNS , , underground JJ leaders NNS of IN the DT Arab JJ uprising NN rejected VBD a DT U.S. NNP plan NN to TO arrange VB Israeli-Palestinian JJ talks NNS as IN Shamir NNP opposed VBD holding VBG such JJ discussions NNS in IN Cairo NNP . . 
27 Lebanese JJ Christian JJ lawmakers NNS presented VBN to TO Arab NNP mediators NNS at IN talks NNS in IN Saudi NNP Arabia NNP proposals NNS for IN a DT new JJ timetable NN for IN the DT withdrawal NN of IN Syria NNP 's POS forces NNS from IN Lebanon NNP . . 
29 A DT plan NN currently RB under IN study NN gives VBZ Damascus NNP two CD years NNS to TO pull VB back RB to TO eastern JJ Lebanon NNP , , starting VBG from IN the DT time NN Beirut NNP 's POS legislature NN increases VBZ political JJ power NN for IN Moslems NNPS . . 
18 Hurricane NNP Jerry NNP threatened VBD to TO combine VB with IN the DT highest JJS tides NNS of IN the DT year NN to TO swamp VB the DT Texas-Louisiana NNP coast NN . . 
25 Thousands NNS of IN residents NNS of IN low-lying JJ areas NNS were VBD ordered VBN to TO evacuate VB as IN the DT storm NN headed VBD north RB in IN the DT Gulf NNP of IN Mexico NNP with IN 80 CD mph JJ winds NNS . . 
25 A DT group NN of IN Arby NNP 's POS franchisees NNS said VBD they PRP formed VBD an DT association NN to TO oppose VB Miami NNP Beach NNP financier NN Victor NNP Posner NNP 's POS control NN of IN the DT restaurant NN chain NN . . 
21 The DT decision NN is VBZ the DT latest JJS move NN in IN an DT escalating VBG battle NN between IN the DT franchisees NNS and CC Mr. NNP Posner NNP that WDT began VBD in IN August NNP . . 
39 At IN the DT time NN , , a DT group NN called VBD R.B. NNP Partners NNP Ltd. NNP , , consisting VBG of IN eight CD of IN Arby NNP 's POS largest JJS franchisees NNS , , offered VBD more JJR than IN $ $ 200 CD million CD to TO buy VB Arby NNP 's POS Inc. NN , , which WDT is VBZ part NN of IN DWG NNP Corp NNP . . 
10 DWG NNP is VBZ a DT holding NN company NN controlled VBN by IN Mr. NNP Posner NNP . . 
26 One CD week NN later RB , , Leonard NNP H. NNP Roberts NNP , , president NN and CC chief JJ executive JJ officer NN of IN Arby NNP 's POS , , was VBD fired VBN in IN a DT dispute NN with IN Mr. NNP Posner NNP . . 
28 Friday NNP , , 42 CD franchisees NNS announced VBD the DT formation NN of IN an DT association NN -- : called VBN A.P. NNP Association NNP Inc. NNP -- : to TO `` `` preserve VB the DT integrity NN of IN the DT Arby NNP 's POS system NN . . '' '' 
54 The DT franchisees NNS , , owners NNS or CC operators NNS of IN 1,000 CD of IN the DT 1,900 CD franchised JJ Arby NNP 's POS in IN the DT U.S. NNP , , said VBD : : `` `` We PRP have VBP concluded VBN that IN continued JJ control NN of IN Arby NNP 's POS by IN Victor NNP Posner NNP is VBZ totally RB unacceptable JJ to TO us PRP , , because IN it PRP is VBZ extremely RB likely JJ to TO cause VB irreparable JJ damage NN to TO the DT Arby NNP 's POS system NN . . 
21 We PRP support VBP all DT efforts NNS to TO remove VB Victor NNP Posner NNP from IN control NN of IN Arby NNP 's POS Inc. NNP and CC the DT Arby NNP 's POS system NN . . '' '' 
26 The DT group NN said VBD it PRP would MD consider VB , , among IN other JJ things NNS , , withholding VBG royalty NN payments NNS and CC initiating VBG a DT class-action JJ lawsuit NN seeking VBG court NN approval NN for IN the DT withholdings NNS . . 
42 In IN Florida NNP , , Renee NNP Mottram NNP , , a DT senior JJ vice NN president NN at IN DWG NNP , , responded VBD : : `` `` We PRP do VBP n't RB think VB any DT individual NN or CC group NN should MD disrupt VB a DT winning JJ system NN or CC illegally RB interfere VB with IN existing JJ contractual JJ relationships NNS for IN their PRP$ own JJ self-serving JJ motives NNS . . 
34 September NNP 's POS steep JJ rise NN in IN producer NN prices NNS shows VBZ that IN inflation NN still RB persists VBZ , , and CC the DT pessimism NN over IN interest NN rates NNS caused VBN by IN the DT new JJ price NN data NNS contributed VBD to TO the DT stock NN market NN 's POS plunge NN Friday NNP . . 
37 After IN falling VBG for IN three CD consecutive JJ months NNS , , the DT producer NN price NN index NN for IN finished JJ goods NNS shot VBD up RB 0.9 CD % NN last JJ month NN , , the DT Labor NNP Department NNP reported VBD Friday NNP , , as IN energy NN prices NNS jumped VBD after IN tumbling VBG through IN the DT summer NN . . 
39 Although IN the DT report NN , , which WDT was VBD released VBN before IN the DT stock NN market NN opened VBD , , did VBD n't RB trigger VB the DT 190.58-point JJ drop NN in IN the DT Dow NNP Jones NNP Industrial NNP Average NNP , , analysts NNS said VBD it PRP did VBD play VB a DT role NN in IN the DT market NN 's POS decline NN . . 
34 Analysts NNS immediately RB viewed VBD the DT price NN data NN , , the DT grimmest JJS inflation NN news NN in IN months NNS , , as IN evidence NN that IN the DT Federal NNP Reserve NNP was VBD unlikely JJ to TO allow VB interest NN rates NNS to TO fall VB as IN many JJ investors NNS had VBD hoped VBN . . 
38 Further RB fueling VBG the DT belief NN that IN pressures NNS in IN the DT economy NN were VBD sufficient JJ to TO keep VB the DT Fed NNP from IN easing VBG credit NN , , the DT Commerce NNP Department NNP reported VBD Friday NNP that IN retail JJ sales NNS grew VBD 0.5 CD % NN in IN September NNP , , to TO $ $ 145.21 CD billion CD . . 
25 That DT rise NN came VBD on IN top NN of IN a DT 0.7 CD % NN gain NN in IN August NNP , , and CC suggested VBD there EX is VBZ still RB healthy JJ consumer NN demand NN in IN the DT economy NN . . 
45 `` `` I PRP think VBP the DT Friday NNP report NN , , combined VBN with IN the DT actions NNS of IN the DT Fed NNP , , weakened VBD the DT belief NN that IN there EX was VBD going VBG to TO be VB an DT imminent JJ easing NN of IN monetary JJ policy NN , , '' '' said VBD Robert NNP Dederick NNP , , chief JJ economist NN at IN Northern NNP Trust NNP Co. NNP in IN Chicago NNP . . 
17 But CC economists NNS were VBD divided JJ over IN the DT extent NN of IN the DT inflation NN threat NN signaled VBD by IN the DT new JJ numbers NNS . . 
47 `` `` The DT overall JJ 0.9 CD % NN increase NN is VBZ serious JJ in IN itself PRP , , but CC what WP is VBZ even RB worse JJR is VBZ that IN excluding VBG food NN and CC energy NN , , the DT producer NN price NN index NN still RB increased VBD by IN 0.7 CD % NN , , '' '' said VBD Gordon NNP Richards NNP , , an DT economist NN at IN the DT National NNP Association NNP of IN Manufacturers NNP . . 
32 But CC Sung NNP Won NNP Sohn NNP , , chief JJ economist NN at IN Norwest NNP Corp. NNP in IN Minneapolis NNP , , blamed VBD rising VBG energy NN prices NNS and CC the DT annual JJ autumn NN increase NN in IN car NN prices NNS for IN most JJS of IN the DT September NNP jump NN . . 
19 `` `` I PRP would MD say VB this DT is VBZ not RB bad JJ news NN ; : this DT is VBZ a DT blip NN , , '' '' he PRP said VBD . . 
12 `` `` The DT core JJ rate NN is VBZ not RB really RB out IN of IN line NN . . '' '' 
23 All DT year NN , , energy NN prices NNS have VBP skewed VBN the DT producer NN price NN index NN , , which WDT measures VBZ changes NNS in IN the DT prices NNS producers NNS receive VBP for IN goods NNS . . 
29 Inflation NN unquestionably RB has VBZ fallen VBN back RB from IN its PRP$ torrid JJ pace NN last JJ winter NN , , when WRB a DT steep JJ run-up NN in IN world NN oil NN prices NNS sent VBD the DT index NN surging VBG at IN double-digit JJ annual JJ rates NNS . . 
18 Energy NN prices NNS then RB plummeted VBN through IN the DT summer NN , , causing VBG the DT index NN to TO decline VB for IN three CD consecutive JJ months NNS . . 
25 Overall RB , , the DT index NN has VBZ climbed VBN at IN a DT 5.1 CD % NN compound JJ annual JJ rate NN since IN the DT start NN of IN the DT year NN , , the DT Labor NNP Department NNP said VBD . . 
30 While IN far RB more RBR restrained JJ than IN the DT pace NN at IN the DT beginning NN of IN the DT year NN , , that WDT is VBZ still RB a DT steeper JJR rise NN than IN the DT 4.0 CD % NN increase NN for IN all DT of IN 1988 CD . . 
28 Moreover RB , , this DT year NN 's POS good JJ inflation NN news NN may MD have VB ended VBN last JJ month NN , , when WRB energy NN prices NNS zoomed VBD up RB 6.5 CD % NN after IN plunging VBG 7.3 CD % NN in IN August NNP . . 
22 Some DT analysts NNS expect VBP oil NN prices NNS to TO remain VB relatively RB stable JJ in IN the DT months NNS ahead RB , , leaving VBG the DT future JJ pace NN of IN inflation NN uncertain JJ . . 
34 Analysts NNS had VBD expected VBN that IN the DT climb NN in IN oil NN prices NNS last JJ month NN would MD lead VB to TO a DT substantial JJ rise NN in IN the DT producer NN price NN index NN , , but CC the DT 0.9 CD % NN climb NN was VBD higher JJR than IN most JJS anticipated VBD . . 
36 `` `` I PRP think VBP the DT resurgence NN -LCB- -LRB- in IN inflation NN -RCB- -RRB- is VBZ going VBG to TO continue VB for IN a DT few JJ months NNS , , '' '' said VBD John NNP Mueller NNP , , chief JJ economist NN at IN Bell NNP Mueller NNP Cannon NNP , , a DT Washington NNP economic JJ forecasting NN firm NN . . 
18 He PRP predicted VBD that DT inflation NN will MD moderate VB next JJ year NN , , saying VBG that IN credit NN conditions NNS are VBP fairly RB tight JJ world-wide RB . . 
34 But CC Dirk NNP Van NNP Dongen NNP , , president NN of IN the DT National NNP Association NNP of IN Wholesaler-Distributors NNP , , said VBD that IN last JJ month NN 's POS rise NN `` `` is VBZ n't RB as RB bad JJ an DT omen NN '' '' as IN the DT 0.9 CD % NN figure NN suggests VBZ . . 
38 `` `` If IN you PRP examine VBP the DT data NN carefully RB , , the DT increase NN is VBZ concentrated VBN in IN energy NN and CC motor NN vehicle NN prices NNS , , rather RB than IN being VBG a DT broad-based JJ advance NN in IN the DT prices NNS of IN consumer NN and CC industrial JJ goods NNS , , '' '' he PRP explained VBD . . 
24 Passenger NN car NN prices NNS jumped VBD 3.8 CD % NN in IN September NNP , , after IN climbing VBG 0.5 CD % NN in IN August NNP and CC declining VBG in IN the DT late JJ spring NN and CC summer NN . . 
19 Many JJ analysts NNS said VBD the DT September NNP increase NN was VBD a DT one-time JJ event NN , , coming VBG as IN dealers NNS introduced VBD their PRP$ 1990 CD models NNS . . 
21 Although IN all PDT the DT price NN data NNS were VBD adjusted VBN for IN normal JJ seasonal JJ fluctuations NNS , , car NN prices NNS rose VBD beyond IN the DT customary JJ autumn NN increase NN . . 
22 Prices NNS for IN capital NN equipment NN rose VBD a DT hefty JJ 1.1 CD % NN in IN September NNP , , while IN prices NNS for IN home NN electronic JJ equipment NN fell VBD 1.1 CD % NN . . 
13 Food NN prices NNS declined VBD 0.6 CD % NN , , after IN climbing VBG 0.3 CD % NN in IN August NNP . . 
20 Meanwhile RB , , the DT retail JJ sales NNS report NN showed VBD that IN car NN sales NNS rose VBD 0.8 CD % NN in IN September NNP to TO $ $ 32.82 CD billion CD . . 
17 But CC at IN least JJS part NN of IN the DT increase NN could MD have VB come VBN from IN higher JJR prices NNS , , analysts NNS said VBD . . 
28 Sales NNS at IN general JJ merchandise NN stores NNS rose VBD 1.7 CD % NN after IN declining VBG 0.6 CD % NN in IN August NNP , , while IN sales NNS of IN building NN materials NNS fell VBD 1.8 CD % NN after IN rising VBG 1.7 CD % NN . . 
18 Producer NN prices NNS for IN intermediate JJ goods NNS grew VBD 0.4 CD % NN in IN September NNP , , after IN dropping VBG for IN three CD consecutive JJ months NNS . . 
28 Prices NNS for IN crude JJ goods NNS , , an DT array NN of IN raw JJ materials NNS , , jumped VBD 1.1 CD % NN after IN declining VBG 1.9 CD % NN in IN August NNP and CC edging VBG up RP 0.2 CD % NN in IN July NNP . . 
30 Here RB are VBP the DT Labor NNP Department NNP 's POS producer NN price NN indexes NNS -LRB- -LRB- 1982 CD = SYM 100 CD -RRB- -RRB- for IN September NNP , , before IN seasonal JJ adjustment NN , , and CC the DT percentage NN changes NNS from IN September NNP , , 1988 CD . . 
25 CityFed NNP Financial NNP Corp. NNP said VBD it PRP expects VBZ to TO report VB a DT loss NN of IN at IN least JJS $ $ 125 CD million CD to TO $ $ 150 CD million CD for IN the DT third JJ quarter NN . . 
18 In IN the DT year-earlier JJ period NN , , CityFed NNP had VBD net JJ income NN of IN $ $ 485,000 CD , , but CC no DT per-share JJ earnings NNS . . 
19 CityFed NNP 's POS president NN and CC chief JJ executive JJ officer NN , , John NNP Atherton NNP , , said VBD the DT loss NN stems VBZ from IN several JJ factors NNS . . 
21 He PRP said VBD nonperforming JJ assets NNS rose VBD to TO slightly RB more JJR than IN $ $ 700 CD million CD from IN $ $ 516 CD million CD between IN June NNP and CC September NNP . . 
14 Approximately RB 85 CD % NN of IN the DT total NN consisted VBD of IN nonperforming JJ commercial JJ real JJ estate NN assets NNS . . 
24 Accordingly RB , , CityFed NNP estimated VBD that IN it PRP will MD provide VB between IN $ $ 85 CD million CD and CC $ $ 110 CD million CD for IN credit NN losses NNS in IN the DT third JJ quarter NN . . 
37 CityFed NNP added VBD that IN significant JJ additional JJ loan-loss JJ provisions NNS may MD be VB required VBN by IN federal JJ regulators NNS as IN part NN of IN the DT current JJ annual JJ examination NN of IN City NNP Federal NNP Savings NNP Bank NNP , , CityFed NNP 's POS primary JJ subsidiary NN , , based VBN in IN Somerset NNP , , N.J NNP . . 
12 City NNP Federal NNP operates VBZ 105 CD banking NN offices NNS in IN New NNP Jersey NNP and CC Florida NNP . . 
31 Mr. NNP Atherton NNP said VBD CityFed NNP will MD also RB mark VB its PRP$ portfolio NN of IN high-yield JJ corporate JJ bonds NNS to TO market NN as IN a DT result NN of IN federal JJ legislation NN requiring VBG that IN savings NNS institutions NNS divest VB themselves PRP of IN such JJ bonds NNS . . 
20 That DT action NN , , CityFed NNP said VBD , , will MD result VB in IN a DT charge NN against IN third-quarter JJ results NNS of IN approximately RB $ $ 30 CD million CD . . 
36 CityFed NNP also RB said VBD it PRP expects VBZ to TO shed VB its PRP$ remaining VBG mortgage NN loan NN origination NN operations NNS outside IN its PRP$ principal JJ markets NNS in IN New NNP Jersey NNP and CC Florida NNP and CC , , as IN a DT result NN , , is VBZ taking VBG a DT charge NN for IN discontinued JJ operations NNS . . 
26 All PDT these DT actions NNS , , Mr. NNP Atherton NNP said VBD , , will MD result VB in IN a DT loss NN of IN $ $ 125 CD million CD to TO $ $ 150 CD million CD for IN the DT third JJ quarter NN . . 
54 He PRP added VBD , , however RB : : `` `` Depending VBG on IN the DT resolution NN of IN certain JJ accounting NN issues NNS relating VBG to TO mortgages NNS servicing NN and CC the DT outcome NN of IN the DT annual JJ examination NN of IN City NNP Federal NNP currently RB in IN progress NN with IN respect NN to TO the DT appropriate JJ level NN of IN loan NN loss NN reserves NNS , , the DT total JJ loss NN for IN the DT quarter NN could MD significantly RB exceed VB this DT range NN . . 
33 CenTrust NNP Savings NNP Bank NNP said VBD federal JJ thrift NN regulators NNS ordered VBD it PRP to TO suspend VB dividend NN payments NNS on IN its PRP$ two CD classes NNS of IN preferred JJ stock NN , , indicating VBG that IN regulators NNS ' POS concerns NNS about IN the DT troubled JJ institution NN have VBP heightened VBN . . 
32 In IN a DT statement NN , , Miami-based JJ CenTrust NNP said VBD the DT regulators NNS cited VBD the DT thrift NN 's POS operating NN losses NNS and CC `` `` apparent JJ losses NNS '' '' in IN its PRP$ junk-bond NN portfolio NN in IN ordering VBG the DT suspension NN of IN the DT dividends NNS . . 
12 Regulators NNS also RB ordered VBD CenTrust NNP to TO stop VB buying VBG back RP the DT preferred JJ stock NN . . 
37 David NNP L. NNP Paul NNP , , chairman NN and CC chief JJ executive JJ officer NN , , criticized VBD the DT federal JJ Office NNP of IN Thrift NNP Supervision NNP , , which WDT issued VBD the DT directive NN , , saying VBG it PRP was VBD `` `` inappropriate JJ '' '' and CC based VBN on IN `` `` insufficient JJ '' '' reasons NNS . . 
14 He PRP said VBD the DT thrift NN will MD try VB to TO get VB regulators NNS to TO reverse VB the DT decision NN . . 
24 The DT suspension NN of IN a DT preferred JJ stock NN dividend NN is VBZ a DT serious JJ step NN that WDT signals VBZ that IN regulators NNS have VBP deep JJ concerns NNS about IN an DT institution NN 's POS health NN . . 
24 In IN March NNP , , regulators NNS labeled VBD CenTrust NNP a DT `` `` troubled JJ institution NN , , '' '' largely RB because IN of IN its PRP$ big JJ junk-bond NN holdings NNS and CC its PRP$ operating NN losses NNS . . 
26 In IN the DT same JJ month NN , , the DT Office NNP of IN Thrift NNP Supervision NNP ordered VBD the DT institution NN to TO stop VB paying VBG common JJ stock NN dividends NNS until IN its PRP$ operations NNS were VBD on IN track NN . . 
28 For IN the DT nine CD months NNS ended VBD June NNP 30 CD , , CenTrust NNP had VBD a DT net JJ loss NN of IN $ $ 21.3 CD million CD , , compared VBN with IN year-earlier JJ net JJ income NN of IN $ $ 52.8 CD million CD . . 
23 CenTrust NNP , , which WDT is VBZ Florida NNP 's POS largest JJS thrift NN , , holds VBZ one CD of IN the DT largest JJS junk-bond NN portfolios NNS of IN any DT thrift NN in IN the DT nation NN . . 
20 Since IN April NNP , , it PRP has VBZ pared VBN its PRP$ high-yield JJ bond NN holdings NNS to TO about RB $ $ 890 CD million CD from IN $ $ 1.35 CD billion CD . . 
23 Mr. NNP Paul NNP said VBD only RB about RB $ $ 150 CD million CD of IN the DT current JJ holdings NNS are VBP tradeable JJ securities NNS registered VBN with IN the DT Securities NNP and CC Exchange NNP Commission NNP . . 
30 The DT remainder NN , , he PRP said VBD , , are VBP commercial JJ loan NN participations NNS , , or CC private JJ placements NNS , , that WDT are VBP n't RB filed VBN with IN the DT SEC NNP and CC do VBP n't RB have VB a DT ready JJ market NN . . 
16 CenTrust NNP and CC regulators NNS have VBP been VBN in IN a DT dispute NN over IN market NN valuations NNS for IN the DT junk NN bonds NNS . . 
44 The DT Office NNP of IN Thrift NNP Supervision NNP has VBZ been VBN hounding VBG CenTrust NNP to TO provide VB current JJ market NN values NNS for IN its PRP$ holdings NNS , , but CC CenTrust NNP has VBZ said VBD it PRP ca MD n't RB easily RB obtain VB such JJ values NNS because IN of IN the DT relative JJ illiquidity NN of IN the DT bonds NNS and CC lack NN of IN a DT ready JJ market NN . . 
33 Regulators NNS have VBP become VBN increasingly RB antsy JJ about IN CenTrust NNP 's POS and CC other JJ thrifts NNS ' POS junk-bond NN holdings NNS in IN light NN of IN the DT recent JJ federal JJ thrift NN bailout NN legislation NN and CC the DT recent JJ deep JJ decline NN in IN the DT junk-bond NN market NN . . 
18 The DT legislation NN requires VBZ thrifts NNS to TO divest VB themselves PRP of IN junk NN bonds NNS in IN the DT new JJ , , somber JJ regulatory JJ climate NN . . 
20 In IN American NNP Stock NNP Exchange NNP composite JJ trading NN Friday NNP , , CenTrust NNP common JJ shares NNS closed VBD at IN $ $ 3 CD , , down RB 12.5 CD cents NNS . . 
40 In IN a DT statement NN Friday NNP , , Mr. NNP Paul NNP challenged VBD the DT regulators NNS ' POS decision NN , , saying VBG the DT thrift NN 's POS operating NN losses NNS and CC `` `` apparent JJ '' '' junk-bond NN losses NNS `` `` have VBP been VBN substantially RB offset VBN by IN gains NNS in IN other JJ activities NNS of IN the DT bank NN . . '' '' 
17 He PRP also RB said VBD substantial JJ reserves NNS have VBP been VBN set VBN aside RP for IN possible JJ losses NNS from IN the DT junk NN bonds NNS . . 
18 In IN the DT third JJ quarter NN , , for IN instance NN , , CenTrust NNP added VBD $ $ 22.5 CD million CD to TO its PRP$ general JJ reserves NNS . . 
40 Mr. NNP Paul NNP said VBD the DT regulators NNS should MD instead RB move VB ahead RB with IN approving VBG CenTrust NNP 's POS request NN to TO sell VB 63 CD of IN its PRP$ 71 CD branches NNS to TO Great NNP Western NNP Bank NNP , , a DT unit NN of IN Great NNP Western NNP Financial NNP Corp. NNP based VBN in IN Beverly NNP Hills NNP , , Calif NNP . . 
35 The DT branch NN sale NN is VBZ the DT centerpiece NN of IN CenTrust NNP 's POS strategy NN to TO transform VB itself PRP into IN a DT traditional JJ S&L NN from IN a DT high-flying JJ institution NN that WDT relied VBD heavily RB on IN securities NNS trading NN for IN profits NNS , , according VBG to TO Mr. NNP Paul NNP . . 
24 Most JJS analysts NNS and CC thrift NN executives NNS had VBD expected VBN a DT decision NN on IN the DT proposed JJ transaction NN , , which WDT was VBD announced VBN in IN July NNP , , long RB before IN now RB . . 
15 Many JJ interpret VBP the DT delay NN as IN an DT indication NN that IN regulators NNS are VBP skeptical JJ about IN the DT proposal NN . . 
19 Branches NNS and CC deposits NNS can MD be VB sold VBN at IN a DT premium NN in IN the DT event NN federal JJ regulators NNS take VBP over RP an DT institution NN . . 
32 CenTrust NNP , , however RB , , touts VBZ the DT branch NN sale NN , , saying VBG it PRP would MD bring VB in RP $ $ 150 CD million CD and CC reduce VB the DT thrift NN 's POS assets NNS to TO $ $ 6.7 CD billion CD from IN $ $ 9 CD billion CD . . 
41 It PRP said VBD the DT sale NN would MD give VB it PRP positive JJ tangible JJ capital NN of IN $ $ 82 CD million CD , , or CC about RB 1.2 CD % NN of IN assets NNS , , from IN a DT negative JJ $ $ 33 CD million CD as IN of IN Sept. NNP 30 CD , , thus RB bringing VBG CenTrust NNP close RB to TO regulatory JJ standards NNS . . 
22 CenTrust NNP said VBD the DT branch NN sale NN would MD also RB reduce VB the DT company NN 's POS large JJ amount NN of IN good JJ will NN by IN about RB $ $ 180 CD million CD . . 
22 Critics NNS , , however RB , , say VBP the DT branch NN sale NN will MD make VB CenTrust NNP more RBR dependent JJ than IN ever RB on IN brokered JJ deposits NNS and CC junk NN bonds NNS . . 
31 Mr. NNP Paul NNP counters NNS that IN he PRP intends VBZ to TO further RB pare VB the DT size NN of IN CenTrust NNP by IN not RB renewing VBG more JJR than IN $ $ 1 CD billion CD of IN brokered JJ certificates NNS of IN deposit NN when WRB they PRP come VBP due JJ . . 
40 The DT thrift NN is VBZ also RB working VBG to TO unload VB its PRP$ junk-bond JJ portfolio NN by IN continuing VBG to TO sell VB off RP the DT bonds NNS , , and CC it PRP plans VBZ to TO eventually RB place VB some DT of IN them PRP in IN a DT separate JJ affiliate NN , , as IN required VBN under IN the DT new JJ thrift NN law NN . . 
40 On IN a DT recent JJ Saturday NNP night NN , , in IN the DT midst NN of IN West NNP Germany NNP 's POS most JJS popular JJ prime-time NN show NN , , a DT contestant NN bet VBD the DT host NN that IN she PRP could MD name VB any DT of IN 100 CD different JJ cheeses NNS after IN just RB one CD nibble NN , , while IN blindfolded JJ . . 
6 The DT woman NN won VBD the DT bet NN . . 
43 But CC perhaps RB even RB more RBR remarkable JJ , , the DT three-hour-show NN , , `` `` Wetten FW Dass FW '' '' -LRB- -LRB- Make NNP a DT Bet NNP -RRB- -RRB- , , regularly RB wins VBZ the DT top JJ slot NN in IN the DT country NN 's POS TV NN ratings NNS , , sometimes RB drawing VBG as RB many JJ as IN 50 CD % NN of IN West JJ German JJ households NNS . . 
46 As IN the DT 1992 CD economic JJ integration NN approaches NNS , , Europe NNP 's POS cultural JJ curators NNS have VBP taken VBN to TO the DT ramparts NNS against IN American JJ `` `` cultural JJ imperialism NN , , '' '' threatening VBG to TO impose VB quotas NNS against IN such JJ pop JJ invaders NNS as IN `` `` Dallas NNP , , '' '' `` `` Miami NNP Vice NNP '' '' and CC `` `` L.A. NNP Law NNP . . '' '' 
23 But CC much JJ of IN what WP the DT Europeans NNPS want VBP to TO protect VB seems VBZ every DT bit NN as RB cheesy JJ as IN what WP they PRP are VBP trying VBG to TO keep VB out RP . . 
37 The DT most RBS militant JJ opposition NN to TO American JJ TV NN imports NNS has VBZ come VBN from IN French JJ television NN and CC movie NN producers NNS , , who WP have VBP demanded VBN quotas NNS ensuring VBG that IN a DT full JJ 60 CD % NN of IN Europe NNP 's POS TV NN shows NNS be VB produced VBN in IN Europe NNP . . 
15 So RB far RB , , the DT French NNPS have VBP failed VBN to TO win VB enough JJ broad-based JJ support NN to TO prevail VB . . 
20 A DT glance NN through IN the DT television NN listings NNS and CC a DT few JJ twists NNS of IN the DT European JJ television NN dial NN suggest VBP one CD reason NN why WRB . . 
23 While IN there EX are VBP some DT popular JJ action NN and CC drama NN series NN , , few JJ boast VBP the DT high JJ culture NN and CC classy JJ production NN values VBZ one PRP might MD expect VB . . 
30 More JJR European JJ air NN time NN is VBZ filled VBN with IN low-budget JJ game NN shows NNS , , variety NN hours NNS , , movies NNS and CC talk NN shows NNS , , many JJ of IN which WDT are VBP authorized VBN knock-offs JJ of IN their PRP$ American NNP counterparts NNS . . 
20 One CD of IN France NNP 's POS most RBS popular JJ Saturday NNP night NN programs NNS features VBZ semi-celebrities NNS seeking VBG out RP their PRP$ grammar-school NN classmates NNS for IN on-air JJ reunions NNS . . 
15 A DT Flemish JJ game NN show NN has VBZ as RB its PRP$ host NN a DT Belgian NNP pretending VBG to TO be VB Italian JJ . . 
51 One CD of IN Italy NNP 's POS favorite JJ shows NNS , , `` `` Fantastico NNP , , '' '' a DT tepid JJ variety NN show NN , , is VBZ so RB popular JJ that IN viewers NNS clamored VBD to TO buy VB a DT chocolate NN product NN , , `` `` Cacao NNP Fantastico NNP , , '' '' whose WP$ praises NNS were VBD sung VBN each DT week NN by IN dancing VBG showgirls NNS -- : even RB though IN the DT product NN did VBD n't RB exist VB . . 
42 Topping VBG the DT cheese NN stunt NN , , on IN another DT typical JJ evening NN of IN fun NN on IN `` `` Wetten FW Dass FW , , '' '' a DT contestant NN won VBD a DT bet NN with IN the DT show NN 's POS host NN , , Thomas NNP Gottschalk NNP , , that IN he PRP could MD identify VB 300 CD German JJ dialects NNS over IN the DT telephone NN . . 
31 A DT celebrity NN guest NN , , U.S. NNP Ambassador NNP to TO West NNP Germany NNP Richard NNP Burt NNP , , also RB won VBD a DT bet NN that IN someone NN could MD pile VB up RP $ $ 150 CD worth NN of IN quarters NNS on IN a DT slanted JJ coin NN . . 
34 Mr. NNP Burt NNP nonetheless RB paid VBD the DT penalty NN as IN if IN he PRP had VBD lost VBN , , agreeing VBG to TO spend VB a DT day NN with IN West NNP German NNP Foreign NNP Minister NNP Hans-Dietrich NNP Genscher NNP frying VBG and CC selling VBG their PRP$ combined JJ weight NN in IN potato NN pancakes NNS . . 
29 If IN this DT seems VBZ like IN pretty RB weak JJ stuff NN around IN which WDT to TO raise VB the DT protectionist JJ barriers NNS , , it PRP may MD be VB because IN these DT shows NNS need VBP all PDT the DT protection NN they PRP can MD get VB . . 
19 European JJ programs NNS usually RB target VBP only RB their PRP$ own JJ local JJ audience NN , , and CC often RB only RB a DT small JJ portion NN of IN that DT . . 
24 Mega-hits NNS in IN Germany NNP or CC Italy NNP rarely RB make VBP it PRP even RB to TO France NNP or CC Great NNP Britain NNP , , and CC almost RB never RB show VBP up RP on IN U.S. NNP screens NNS . . 
13 Attempts NNS to TO produce VB `` `` pan-European JJ '' '' programs NNS have VBP generally RB resulted VBN in IN disappointment NN . . 
34 One CD annual JJ co-production NN , , the DT three-hour-long JJ `` `` Eurovision NNP Song NNP Contest NNP , , '' '' featuring VBG soft-rock JJ songs NNS from IN each DT of IN 20 CD European JJ countries NNS , , has VBZ been VBN described VBN as IN the DT world NN 's VBZ most RBS boring JJ TV NN show NN . . 
28 Another DT , , `` `` Jeux FW Sans FW Frontieres FW , , '' '' where WRB villagers NNS from IN assorted JJ European JJ countries NNS make VBP fools NNS of IN themselves PRP performing VBG pointless JJ tasks NNS , , is VBZ a DT hit NN in IN France NNP . . 
14 A DT U.S.-made JJ imitation NN under IN the DT title NN `` `` Almost NNP Anything NNP Goes NNP '' '' flopped VBD fast RB . . 
17 For IN the DT most JJS part NN , , what WP 's VBZ made VBN here RB stays VBZ here RB , , and CC for IN good JJ reason NN . . 
34 The DT cream NN of IN the DT British JJ crop NN , , the DT literary JJ dramas NN that WDT are VBP shown VBN on IN U.S. NNP public JJ television NN as IN `` `` Masterpiece NNP Theater NNP , , '' '' make VBP up RP a DT relatively RB small JJ part NN of IN British JJ air NN time NN . . 
10 Most JJS British JJ programming NN is VBZ more JJR of IN an DT acquired JJ taste NN . . 
21 There EX is VBZ , , for IN instance NN , , `` `` One CD Man NN and CC His PRP$ Dog NNP , , '' '' a DT herding NN contest NN among IN sheep NN dogs NNS . . 
26 Also RB riveting JJ to TO the DT British NNPS are VBP hours NNS of IN dart-throwing NN championships NNS , , even RB more JJR hours NNS of IN lawn NN bowling NN contests NNS and CC still RB more JJR hours NNS of IN snooker NN marathons NNS . . 
12 European JJ drama NN has VBZ had VBN better JJR , , though IN still RB mixed JJ , , fortunes NNS . . 
11 The DT most RBS popular JJ such JJ shows NNS focus VBP on IN narrow JJ national JJ concerns NNS . . 
40 A DT French JJ knock-off NN of IN `` `` Dallas NNP , , '' '' called VBN `` `` Chateauvallon NNP '' '' and CC set VBN in IN a DT French JJ vineyard NN , , had VBD a DT good JJ run NN in IN France NNP , , which WDT ended VBD after IN the DT female JJ lead NN was VBD injured VBN in IN a DT real-life JJ auto NN accident NN . . 
36 `` `` Schwarzwaldklinik NNP , , '' '' -LRB- -LRB- Black NNP Forest NNP Clinic NNP -RRB- -RRB- , , a DT kind NN of IN German NNP `` `` St NNP . . Elsewhere NNP '' '' set VBN in IN a DT health NN spa NN , , is VBZ popular JJ in IN Germany NNP , , and CC has VBZ spread VBN into IN France NNP . . 
35 Italy NNP 's POS most RBS popular JJ series NN is VBZ a DT drama NN called VBN `` `` La FW Piovra FW , , '' '' or CC `` `` The NNP Octopus NNP , , '' '' which WDT chronicles VBZ the DT fight NN of IN an DT idealistic JJ young JJ investigator NN in IN Palermo NNP against IN the DT Mafia NNP . . 
20 It PRP was VBD front-page JJ news NN in IN Italy NNP earlier RBR this DT year NN when WRB the DT fictional JJ inspector NN was VBD gunned VBN down RP in IN the DT series NN . . 
19 Spain NNP 's POS most RBS popular JJ mini-series NN this DT year NN was VBD `` `` Juncal NNP , , '' '' the DT story NN of IN an DT aging VBG bullfighter NN . . 
37 `` `` The DT trend NN is VBZ pretty RB well RB established VBN now RB that IN local JJ programs NNS are VBP the DT most RBS popular JJ , , with IN American JJ programs NNS second JJ , , '' '' says VBZ Brian NNP Wenham NNP , , a DT former JJ director NN of IN programs NNS for IN the DT British NNP Broadcasting NNP Corp NNP . . 
13 `` `` Given VBN a DT choice NN , , everybody NN will MD watch VB a DT home-produced JJ show NN . . '' '' 
8 But CC frequently RB there EX is VBZ n't RB much JJ choice JJ . . 
22 Thus RB , , Europe NNP has VBZ begun VBN the DT recent JJ crusade NN to TO produce VB more JJR worthy JJ shows NNS of IN its PRP$ own JJ , , programs NNS with IN broader JJR appeal NN . . 
40 `` `` We PRP 've VBP basically RB got VBD to TO start VB from IN scratch NN , , to TO train VB writers NNS and CC producers NNS to TO make VB shows VBZ that IN other JJ people NNS will MD want VB to TO see VB , , '' '' concedes VBZ Colin NNP Young NNP , , head NN of IN Britain NNP 's POS National NNP Film NNP Theatre NNP School NNP . . 
32 While IN some DT in IN the DT U.S. NNP contend VBP that DT advertising NN is VBZ the DT bane NN of IN television NN , , here RB many JJ believe VBP that DT its PRP$ absence NN is VBZ to TO blame VB for IN the DT European JJ TV NN industry NN 's POS sluggish JJ development NN . . 
20 Until IN recently RB , , national JJ governments NNS in IN Europe NNP controlled VBD most JJS of IN the DT air NN time NN and CC allowed VBD little JJ or CC no DT advertising NN . . 
29 Since IN production NN costs NNS were VBD guaranteed VBN , , it PRP did VBD n't RB matter NN that IN a DT program NN could MD n't RB be VB sold VBN abroad RB or CC put VB into IN syndication NN , , as IN most JJS American JJ programs NNS are VBP . . 
27 But CC not RB much JJ money NN was VBD spent VBN on IN the DT shows NNS , , either RB , , a DT situation NN that WDT encouraged VBD cheap-to-make JJ talk NN and CC game NN shows NNS , , while IN discouraging VBG expensive-to-produce JJ dramas NN . . 
27 Now RB , , however RB , , commercial JJ channels NNS are VBP coming VBG to TO most JJS European JJ countries NNS , , and CC at IN the DT same JJ time NN , , satellite NN and CC cable NN technology NN is VBZ spreading VBG rapidly RB . . 
26 Just RB last JJ week NN , , Greece NNP authorized VBD two CD commercial JJ channels NNS for IN the DT first JJ time NN ; : Spain NNP earlier RBR began VBD to TO allow VB commercial JJ television NN alongside IN its PRP$ state NN channels NNS . . 
11 The DT result NN is VBZ a DT new JJ and CC huge JJ appetite NN for IN programming NN . . 
40 But CC perhaps RB to TO the DT consternation NN of IN those DT calling VBG for IN quotas NNS , , most JJS of IN this DT void NN is VBZ likely JJ to TO be VB filled VBN with IN the DT cheapest JJS and CC most RBS plentiful JJ programming NN now RB available JJ -- : reruns NNS -- : usually RB of IN shows NNS made VBN in IN the DT U.S. NNP . . 
27 Sky NNP Channel NNP , , a DT British-based JJ venture NN of IN Australian-American JJ press NN tycoon NN Rupert NNP Murdoch NNP , , offers VBZ what WP must MD be VB a DT baffling JJ cultural JJ mix NN to TO most JJS of IN its PRP$ audience NN . . 
17 The DT financially RB struggling VBG station NN offers VBZ programs NNS obviously RB made VBN available JJ cheaply RB from IN its PRP$ boss NN 's POS other JJ ventures NNS . . 
50 In IN a DT Madrid NNP hotel NN room NN recently RB , , a DT viewer NN caught VBD the DT end NN of IN a DT badly RB acted VBN series NN about IN a DT fishing NN boat NN on IN Australia NNP 's POS Great NNP Barrier NNP Reef NNP , , only RB to TO be VB urged VBN by IN the DT British JJ announcer NN to TO `` `` stay VB tuned VBN for IN the DT further JJ adventures NNS of IN Skippy NNP the DT Kangaroo NNP . . '' '' 
24 Lisa NNP Grishaw-Mueller NNP in IN Bonn NNP , , Laura NNP Colby NNP in IN Milan NNP , , Tim NNP Carrington NNP in IN London NNP and CC Carlta NNP Vitzhum NNP in IN Madrid NNP contributed VBD to TO this DT article NN . . 
29 British NNP Aerospace NNP PLC NNP and CC France NNP 's POS Thomson-CSF NNP S.A. NNP said VBD they PRP are VBP nearing VBG an DT agreement NN to TO merge VB their PRP$ guided-missile NN divisions NNS , , greatly RB expanding VBG collaboration NN between IN the DT two CD defense NN contractors NNS . . 
38 The DT 50-50 JJ joint JJ venture NN , , which WDT may MD be VB dubbed VBN Eurodynamics NNPS , , would MD have VB combined JJ annual JJ sales NNS of IN at IN least JJS # # 1.4 CD billion CD -LRB- -LRB- $ $ 2.17 CD billion CD -RRB- -RRB- and CC would MD be VB among IN the DT world NN 's POS largest JJS missile NN makers NNS . . 
24 After IN two CD years NNS of IN talks NNS , , plans NNS for IN the DT venture NN are VBP sufficiently RB advanced JJ for IN the DT companies NNS to TO seek VB French JJ and CC British JJ government NN clearance NN . . 
10 The DT companies NNS hope VBP for IN a DT final JJ agreement NN by IN year-end NN . . 
25 The DT venture NN would MD strengthen VB the DT rapidly RB growing VBG ties NNS between IN the DT two CD companies NNS , , and CC help VB make VB them PRP a DT leading JJ force NN in IN European JJ defense NN contracting NN . . 
22 In IN recent JJ months NNS , , a DT string NN of IN cross-border JJ mergers NNS and CC joint JJ ventures NNS have VBP reshaped VBN the DT once-balkanized JJ world NN of IN European JJ arms NNS manufacture NN . . 
22 Already RB , , British NNP Aerospace NNP and CC French JJ government-controlled JJ Thomson-CSF NNP collaborate VBP on IN a DT British JJ missile NN contract NN and CC on IN an DT air-traffic NN control NN radar NN system NN . . 
33 Just RB last JJ week NN they PRP announced VBD they PRP may MD make VB a DT joint JJ bid NN to TO buy VB Ferranti NNP International NNP Signal NNP PLC NNP , , a DT smaller JJR British JJ defense NN contractor NN rocked VBN by IN alleged JJ accounting NN fraud NN at IN a DT U.S. NNP unit NN . . 
31 The DT sudden JJ romance NN of IN British NNP Aerospace NNP and CC Thomson-CSF NNP -- : traditionally RB bitter JJ competitors NNS for IN Middle NNP East NNP and CC Third NNP World NNP weapons NNS contracts NNS -- : is VBZ stirring VBG controversy NN in IN Western NNP Europe NNP 's POS defense NN industry NN . . 
27 Most RBS threatened VBN by IN closer JJR British NNP Aerospace-Thomson NNP ties NNS would MD be VB their PRP$ respective JJ national JJ rivals NNS , , including VBG Matra NNP S.A. NNP in IN France NNP and CC Britain NNP 's POS General NNP Electric NNP Co. NNP PLC NNP . . 
25 But CC neither CC Matra NNP nor CC GEC NNP -- : unrelated JJ to TO Stamford NNP , , Conn.-based JJ General NNP Electric NNP Co. NNP -- : are VBP sitting VBG quietly RB by RB as RB their PRP$ competitors NNS join VBP forces NNS . . 
32 Yesterday NN , , a DT source NN close RB to TO GEC NNP confirmed VBD that IN his PRP$ company NN may MD join VB the DT Ferranti NNP fight NN , , as IN part NN of IN a DT possible JJ consortium NN that WDT would MD bid VB against IN British NNP Aerospace NNP and CC Thomson-CSF NNP . . 
34 Companies NNS with IN which WDT GEC NNP has VBZ had VBD talks NNS about IN a DT possible JJ joint JJ Ferranti NNP bid NN include VBP Matra NNP , , Britain NNP 's POS Dowty NNP Group NNP PLC NNP , , West NNP Germany NNP 's POS Daimler-Benz NNP AG NNP , , and CC France NNP 's POS Dassault NNP group NN . . 
20 But CC it PRP may MD be VB weeks NNS before IN GEC NNP and CC its PRP$ potential JJ partners NNS decide VBP whether IN to TO bid VB , , the DT source NN indicated VBD . . 
39 GEC NNP plans VBZ first RB to TO study VB Ferranti NNP 's POS financial JJ accounts NNS , , which WDT auditors NNS recently RB said VBD included VBD # # 215 CD million CD in IN fictitious JJ contracts NNS at IN a DT U.S. NNP unit NN , , International NNP Signal NNP & CC Control NNP Group NNP , , with IN which WDT Ferranti NNP merged VBD last JJ year NN . . 
45 Also RB , , any DT GEC NNP bid NN might MD be VB blocked VBN by IN British JJ antitrust JJ regulators NNS ; : Ferranti NNP is VBZ GEC NNP 's POS main JJ competitor NN on IN several JJ key JJ defense-electronics JJ contracts NNS , , and CC its PRP$ purchase NN by IN GEC NNP may MD heighten VB British NNP Defense NNP Ministry NNP worries NNS about IN concentration NN in IN the DT country NN 's POS defense NN industry NN . . 
21 A DT consortium NN bid NN , , however RB , , would MD diminish VB GEC NNP 's POS direct JJ role NN in IN Ferranti NNP and CC might MD consequently RB appease VB ministry NN officials NNS . . 
30 A DT British NNP Aerospace NNP spokeswoman NN appeared VBD unperturbed JJ by IN the DT prospect NN of IN a DT fight NN with IN GEC NNP for IN Ferranti NNP : : `` `` Competition NN is VBZ the DT name NN of IN the DT game NN , , '' '' she PRP said VBD . . 
17 At IN least JJS one CD potential JJ GEC NNP partner NN , , Matra NNP , , insists VBZ it PRP is VBZ n't RB interested JJ in IN Ferranti NNP . . 
23 `` `` We PRP have VBP nothing NN to TO say VB about IN this DT affair NN , , which WDT does VBZ n't RB concern VB us PRP , , '' '' a DT Matra NNP official NN said VBD Sunday NNP . . 
24 The DT missile NN venture NN , , the DT British NNP Aerospace NNP spokeswoman NN said VBD , , is VBZ a DT needed JJ response NN to TO the DT `` `` new JJ environment NN '' '' in IN defense NN contracting NN . . 
47 For IN both DT Thomson NNP and CC British NNP Aerospace NNP , , earnings NNS in IN their PRP$ home NN markets NNS have VBP come VBN under IN pressure NN from IN increasingly RB tight-fisted JJ defense NN ministries NNS ; : and CC Middle NNP East NNP sales NNS , , a DT traditional JJ mainstay NN for IN both DT companies NNS ' POS exports NNS , , have VBP been VBN hurt VBN by IN five CD years NNS of IN weak JJ oil NN prices NNS . . 
9 The DT venture NN 's POS importance NN for IN Thomson NNP is VBZ great JJ . . 
16 Thomson NNP feels VBZ the DT future NN of IN its PRP$ defense NN business NN depends VBZ on IN building VBG cooperation NN with IN other JJ Europeans NNPS . . 
38 The DT European JJ defense NN industry NN is VBZ consolidating VBG ; : for IN instance NN , , West NNP Germany NNP 's POS Siemens NNP AG NNP recently RB joined VBD GEC NNP in IN a DT takeover NN of IN Britain NNP 's POS Plessey NNP Co. NNP , , and CC Daimler-Benz NNP agreed VBD to TO buy VB Messerschmitt-Boelkow NNP Blohm NNP G.m.b NNP . . H NNP . . 
34 In IN missiles NNS , , Thomson NNP is VBZ already RB overshadowed VBN by IN British NNP Aerospace NNP and CC by IN its PRP$ home NN rival NN , , France NNP 's POS Aerospatiale NNP S.A. NNP ; : to TO better RBR compete VB , , Thomson NNP officials NNS say VBP , , they PRP need VBP a DT partnership NN . . 
19 To TO justify VB 50-50 JJ ownership NN of IN the DT planned JJ venture NN , , Thomson NNP would MD make VB a DT cash NN payment NN to TO British NNP Aerospace NNP . . 
19 Annual JJ revenue NN of IN British NNP Aerospace NNP 's POS missile NN business NN is VBZ about RB # # 950 CD million CD , , a DT Thomson NNP spokesman NN said VBD . . 
15 British NNP Aerospace NNP 's POS chief JJ missile NN products NNS include VBP its PRP$ 17-year-old JJ family NN of IN Rapier NN surface-to-air JJ missiles NNS . . 
20 Thomson NNP missile NN products NNS , , with IN about RB half PDT British NNP Aerospace NNP 's POS annual JJ revenue NN , , include VBP the DT Crotale JJ surface-to-air JJ missile NN family NN . . 
34 Interprovincial NNP Pipe NNP Line NNP Co. NNP said VBD it PRP will MD delay VB a DT proposed VBN two-step JJ , , 830 CD million CD Canadian-dollar JJ -LRB- -LRB- US$ $ 705.6 CD million CD -RRB- -RRB- expansion NN of IN its PRP$ system NN because IN Canada NNP 's POS output NN of IN crude JJ oil NN is VBZ shrinking VBG . . 
46 Interprovincial NNP , , Canada NNP 's POS biggest JJS oil NN pipeline NN operator NN and CC a DT major JJ transporter NN of IN crude NN to TO the DT U.S. NNP , , said VBD revised VBN industry NN forecasts NNS indicate VBP that IN Canadian JJ oil NN output NN will MD total VB about RB 1.64 CD million CD barrels NNS a DT day NN by IN 1991 CD , , 8 CD % NN lower JJR than IN a DT previous JJ estimate NN . . 
24 Canadian JJ crude NN production NN averaged VBD about RB 1.69 CD million CD barrels NNS a DT day NN during IN 1989 CD 's POS first JJ half NN , , about RB 1 CD % NN below IN the DT 1988 CD level NN . . 
52 `` `` The DT capability NN of IN existing JJ fields NNS to TO deliver VB oil NN is VBZ dropping VBG , , '' '' and CC oil NN exploration NN activity NN is VBZ also RB down RB dramatically RB , , as IN many JJ producers NNS shift VBP their PRP$ emphasis NN to TO natural JJ gas NN , , said VBD Ronald NNP Watkins NNP , , vice NN president NN for IN government NN and CC industry NN relations NNS with IN Interprovincial NNP 's POS parent NN , , Interhome NNP Energy NNP Inc NNP . . 
30 Mr. NNP Watkins NNP said VBD volume NN on IN Interprovincial NNP 's POS system NN is VBZ down RB about RB 2 CD % NN since IN January NNP and CC is VBZ expected VBN to TO fall VB further RBR , , making VBG expansion NN unnecessary JJ until IN perhaps RB the DT mid-1990s NNS . . 
19 `` `` There EX has VBZ been VBN a DT swing NN of IN the DT pendulum NN back RB to TO the DT gas NN side NN , , '' '' he PRP said VBD . . 
32 Many JJ of IN Canada NNP 's POS oil NN and CC gas NN producers NNS say VBP the DT outlook NN for IN natural JJ gas NN is VBZ better JJR than IN it PRP is VBZ for IN oil NN , , and CC have VBP shifted VBN their PRP$ exploration NN and CC development NN budgets NNS accordingly RB . . 
62 The DT number NN of IN active JJ drilling NN rigs NNS in IN Canada NNP is VBZ down RB 30 CD % NN from IN a DT year NN ago RB , , and CC the DT number NN of IN completed VBN oil NN wells NNS is VBZ `` `` down RB more JJR than IN that DT , , due JJ to TO the DT increasing VBG focus NN on IN gas NN exploration NN , , '' '' said VBD Robert NNP Feick NNP , , manager NN of IN crude JJ oil NN with IN Calgary NNP 's POS Independent NNP Petroleum NNP Association NNP of IN Canada NNP , , an DT industry NN group NN . . 
25 Mr. NNP Watkins NNP said VBD the DT main JJ reason NN for IN the DT production NN decline NN is VBZ shrinking VBG output NN of IN light JJ crude NN from IN mature JJ , , conventional JJ fields NNS in IN western JJ Canada NNP . . 
27 Interprovincial NNP transports VBZ about RB 75 CD % NN of IN all DT crude NN produced VBN in IN western JJ Canada NNP , , and CC almost RB 60 CD % NN of IN Interprovincial NNP 's POS total JJ volume NN consists VBZ of IN light JJ crude NN . . 
46 Nearly RB all DT of IN the DT crude JJ oil NN that IN Canada NNP exports NNS to TO the DT U.S. NNP is VBZ transported VBN on IN Interprovincial NNP 's POS system NN , , whose WP$ main JJ line NN runs NNS from IN Edmonton NNP to TO major JJ U.S. NNP and CC Canadian JJ cities NNS in IN the DT Great NNP Lakes NNPS region NN , , including VBG Chicago NNP , , Buffalo NNP , , Toronto NNP and CC Montreal NNP . . 
39 Canada NNP 's POS current JJ oil NN exports NNS to TO the DT U.S. NNP total VBP about RB 600,000 CD barrels NNS a DT day NN , , or CC about RB 9.1 CD % NN of IN net JJ U.S. NNP crude NN imports NNS , , said VBD John NNP Lichtblau NNP , , president NN of IN the DT New JJ York-based JJ Petroleum NNP Industry NNP Research NNP Foundation NNP . . 
19 That DT ranks VBZ Canada NNP as IN the DT fourth-largest JJ source NN of IN imported JJ crude NN , , behind IN Saudi NNP Arabia NNP , , Nigeria NNP and CC Mexico NNP . . 
33 Mr. NNP Lichtblau NNP said VBD Canada NNP 's POS declining VBG crude NN output NN , , combined VBN with IN the DT fast-shrinking JJ output NN of IN U.S. NNP crude NN , , will MD help VB intensify VB U.S. NNP reliance NN on IN oil NN from IN overseas NN , , particularly RB the DT Middle NNP East NNP . . 
9 `` `` It PRP 's VBZ very RB much RB a DT growing VBG concern NN . . 
17 But CC when WRB something NN is VBZ inevitable JJ , , you PRP learn VBP to TO live VB with IN it PRP , , '' '' he PRP said VBD . . 
38 Mr. NNP Lichtblau NNP stressed VBD that IN the DT delay NN of IN Interprovincial NNP 's POS proposed VBN expansion NN wo MD n't RB by IN itself PRP increase VB U.S. NNP dependence NN on IN offshore JJ crude NN , , however RB , , since IN Canadian JJ imports NNS are VBP limited VBN in IN any DT case NN by IN Canada NNP 's POS falling VBG output NN . . 
38 Under IN terms NNS of IN its PRP$ proposed VBN two-step JJ expansion NN , , which WDT would MD have VB required VBN regulatory JJ approval NN , , Interprovincial NNP intended VBD to TO add VB 200,000 CD barrels NNS a DT day NN of IN additional JJ capacity NN to TO its PRP$ system NN , , beginning VBG with IN a DT modest JJ expansion NN by IN 1991 CD . . 
13 The DT system NN currently RB has VBZ a DT capacity NN of IN 1.55 CD million CD barrels NNS a DT day NN . . 
30 Inland NNP Steel NNP Industries NNP Inc. NNP expects VBZ to TO report VB that IN third-quarter JJ earnings NNS dropped VBD more JJR than IN 50 CD % NN from IN the DT previous JJ quarter NN as IN a DT result NN of IN reduced JJ sales NNS volume NN and CC increased JJ costs NNS . . 
43 In IN the DT second JJ quarter NN , , the DT steelmaker NN had VBD net JJ income NN of IN $ $ 45.3 CD million CD or CC $ $ 1.25 CD a DT share NN , , including VBG a DT pretax JJ charge NN of IN $ $ 17 CD million CD related VBN to TO the DT settlement NN of IN a DT suit NN , , on IN sales NNS of IN $ $ 1.11 CD billion CD . . 
30 The DT company NN said VBD normal JJ seasonal JJ softness NN and CC lost JJ orders NNS caused VBN by IN prolonged JJ labor NN talks NNS reduced VBD shipments NNS by IN 200,000 CD tons NNS in IN the DT latest JJS quarter NN , , compared VBN with IN the DT second JJ quarter NN . . 
33 At IN the DT same JJ time NN , , the DT integrated-steel NN business NN was VBD hurt VBN by IN continued JJ increases NNS in IN materials NNS costs NNS and CC repair NN and CC maintenance NN expenses NNS , , as RB well RB as IN higher JJR labor NN costs NNS under IN its PRP$ new JJ contract NN . . 
21 The DT service-center NN business NN was VBD hurt VBN by IN reduced JJ margins NNS and CC start-up JJ costs NNS associated VBN with IN its PRP$ Joseph NNP T. NNP Ryerson NNP & CC Son NNP unit NN . . 
30 The DT company NN said VBD it PRP is VBZ beginning VBG to TO see VB some DT shipping-rate JJ improvements NNS in IN both CC the DT intergrated-steel NN and CC steel-service-center NN segments NNS , , which WDT should MD result VB in IN improved JJ results NNS for IN the DT fourth JJ quarter NN . . 
12 Inland NNP said VBD its PRP$ third-quarter JJ results NNS will MD be VB announced VBN later RB this DT week NN . . 
39 In IN the DT year-earlier JJ third JJ quarter NN , , when WRB the DT industry NN was VBD in IN the DT midst NN of IN a DT boom NN , , the DT company NN had VBD net NN of IN $ $ 61 CD million CD , , or CC $ $ 1.70 CD a DT share NN , , on IN sales NNS of IN $ $ 1.02 CD billion CD . . 
14 Predicting VBG the DT financial JJ results NNS of IN computer NN firms NNS has VBZ been VBN a DT tough JJ job NN lately RB . . 
18 Take VB Microsoft NNP Corp. NNP , , the DT largest JJS maker NN of IN personal JJ computer NN software NN and CC generally RB considered VBN an DT industry NN bellwether NN . . 
40 In IN July NNP , , the DT company NN stunned VBD Wall NNP Street NNP with IN the DT prediction NN that DT growth NN in IN the DT personal JJ computer NN business NN overall RB would MD be VB only RB 10 CD % NN in IN 1990 CD , , a DT modest JJ increase NN when WRB compared VBN with IN the DT sizzling JJ expansion NN of IN years NNS past JJ . . 
41 Investors NNS -- : taking VBG this DT as IN a DT sign NN that IN a DT broad JJ industry NN slump NN was VBD in IN the DT offing NN -- : reacted VBD by IN selling VBG the DT company NN 's POS stock NN , , which WDT lost VBD $ $ 3.25 CD that DT day NN to TO close VB at IN $ $ 52 CD in IN national JJ over-the-counter JJ trading NN . . 
9 But CC that DT was VBD all DT of IN three CD months NNS ago RB . . 
20 Last JJ week NN , , Microsoft NNP said VBD it PRP expects VBZ revenue NN for IN its PRP$ first JJ quarter NN ended VBN Sept. NNP 30 CD to TO increase VB 34 CD % NN . . 
19 The DT announcement NN caused VBD the DT company NN 's POS stock NN to TO surge VB $ $ 6.50 CD to TO close VB at IN $ $ 75.50 CD a DT share NN . . 
24 Microsoft NNP 's POS surprising JJ strength NN is VBZ one CD example NN of IN the DT difficulty NN facing VBG investors NNS looking VBG for IN reassurances NNS about IN the DT financial JJ health NN of IN the DT computer NN firms NNS . . 
26 `` `` It PRP 's VBZ hard JJ to TO know VB what WP to TO expect VB at IN this DT point NN , , '' '' said VBD Peter NNP Rogers NNP , , an DT analyst NN at IN Robertson NNP Stephens NNP & CC Co NNP . . 
7 `` `` The DT industry NN defies VBZ characterization NN . . '' '' 
36 To TO illustrate VB , , Mr. NNP Rogers NNP said VBD that IN of IN the DT 14 CD computer-related JJ firms NNS he PRP follows VBZ , , half NN will MD report VB for IN their PRP$ most RBS recent JJ quarter NN earnings NNS below IN last JJ year NN 's POS results NNS , , and CC half NN above IN those DT results NNS . . 
27 Among IN those DT companies NNS expected VBN to TO have VB a DT down JJ quarter NN are VBP Hewlett-Packard NNP Co. NNP , , Amdahl NNP Corp. NNP and CC Sun NNP Microsystems NNP Inc. NNP , , generally RB solid JJ performers NNS in IN the DT past NN . . 
12 International NNP Business NNP Machines NNP Corp. NNP also RB is VBZ expected VBN to TO report VB disappointing JJ results NNS . . 
18 Apple NNP Computer NNP Inc. NNP , , meanwhile RB , , is VBZ expected VBN to TO show VB improved JJ earnings NNS for IN the DT period NN ended VBN Sept NNP . . 
12 Another DT contradictory JJ message NN comes VBZ from IN Businessland NNP Inc. NNP , , a DT computer NN retailer NN . . 
43 In IN July NNP , , the DT company NN reported VBD that IN booming JJ sales NNS of IN new JJ personal JJ computers NNS from IN Apple NNP and CC IBM NNP had VBD resulted VBN in IN net JJ income NN more RBR than IN doubling VBG for IN its PRP$ fourth JJ quarter NN ended VBN June NNP 30 CD to TO $ $ 7.4 CD million CD , , or CC 23 CD cents NNS a DT share NN . . 
22 This DT month NN , , however RB , , Businessland NNP warned VBD investors NNS that IN results NNS for IN its PRP$ first JJ quarter NN ended VBD Sept. NNP 30 CD had VBD n't RB met VBN expectations NNS . . 
25 The DT company NN said VBD it PRP expects VBZ earnings NNS of IN 14 CD to TO 17 CD cents NNS a DT share NN , , down RB from IN 25 CD cents NNS a DT share NN in IN the DT year-earlier JJ period NN . . 
23 While IN the DT earnings NNS picture NN confuses VBZ , , observers NNS say VBP the DT major JJ forces NNS expected VBD to TO shape VB the DT industry NN in IN the DT coming JJ year NN are VBP clearer JJR . . 
8 Companies NNS will MD continue VB to TO war VB over IN standards NNS . . 
27 In IN computer NN publishing NN , , a DT battle NN over IN typefaces NNS is VBZ hurting VBG Adobe NNP Systems NNP Inc. NNP , , which WDT sells VBZ software NN that WDT controls VBZ the DT image NN produced VBN by IN printers NNS and CC displays NNS . . 
28 Until IN recently RB , , Adobe NNP had VBD a DT lock NN on IN the DT market NN for IN image NN software NN , , but CC last JJ month NN Apple NNP , , Adobe NNP 's POS biggest JJS customer NN , , and CC Microsoft NNP rebelled VBD . . 
35 Now RB the DT two CD firms NNS are VBP collaborating VBG on IN an DT alternative NN to TO Adobe NNP 's POS approach NN , , and CC analysts NNS say VBP they PRP are VBP likely JJ to TO carry VB IBM NNP , , the DT biggest JJS seller NN of IN personal JJ computers NNS , , along RB with IN them PRP . . 
13 The DT short-term JJ outlook NN for IN Adobe NNP 's POS business NN , , however RB , , appears VBZ strong JJ . . 
26 The DT company NN is VBZ beginning VBG to TO ship VB a DT new JJ software NN program NN that WDT 's VBZ being VBG heralded VBN as IN a DT boon NN for IN owners NNS of IN low-end JJ printers NNS sold VBN by IN Apple NNP . . 
12 The DT program NN is VBZ aimed VBN at IN improving VBG the DT quality NN of IN printed JJ material NN . . 
40 John NNP Warnock NNP , , Adobe NNP 's POS chief JJ executive JJ officer NN , , said VBD the DT Mountain NNP View NNP , , Calif. NNP , , company NN has VBZ been VBN receiving VBG 1,000 CD calls NNS a DT day NN about IN the DT product NN since IN it PRP was VBD demonstrated VBN at IN a DT computer NN publishing NN conference NN several JJ weeks NNS ago RB . . 
24 Meanwhile RB , , competition NN between IN various JJ operating NN systems NNS , , which WDT control VBP the DT basic JJ functions NNS of IN a DT computer NN , , spells VBZ trouble NN for IN software NN firms NNS generally RB . . 
22 `` `` It PRP creates VBZ uncertainty NN and CC usually RB slows VBZ down RP sales NNS , , '' '' said VBD Russ NNP Crabs NNP , , an DT analyst NN at IN Soundview NNP Financial NNP Group NNP . . 
24 Mr. NNP Crabs NNP said VBD this DT probably RB is VBZ behind IN the DT expected JJ weak JJ performance NN of IN Aldus NNP Corp. NNP , , maker NN of IN a DT widely RB used VBN computer NN publishing NN program NN . . 
40 He PRP expects VBZ Aldus NNP to TO report VB earnings NNS of IN 21 CD cents NNS a DT share NN on IN revenues NNS of IN $ $ 19.5 CD million CD for IN its PRP$ third JJ quarter NN , , compared VBN with IN earnings NNS of IN 30 CD cents NNS a DT share NN on IN revenue NN of IN 20.4 CD million CD in IN the DT year-earlier JJ period NN . . 
9 Aldus NNP officials NNS could MD n't RB be VB reached VBN for IN comment NN . . 
17 On IN the DT other JJ hand NN , , the DT battle NN of IN the DT bus NN is VBZ expected VBN to TO grow VB increasingly RB irrelevant JJ . . 
10 A DT bus NN is VBZ the DT data NNS highway NN within IN a DT computer NN . . 
30 IBM NNP is VBZ backing VBG one CD type NN of IN bus NN called VBD microchannel JJ , , while IN the DT nine CD other JJ leading JJ computer NN makers NNS , , including VBG H-P NNP and CC Compaq NNP Computer NNP Corp. NNP , , have VBP chosen VBN another DT method NN . . 
23 `` `` Users NNS do VBP n't RB care VB about IN the DT bus NN , , '' '' said VBD Daniel NNP Benton NNP , , an DT analyst NN at IN Goldman NNP , , Sachs NNP & CC Co NNP . . 
25 He PRP said VBD Apple NNP 's POS family NN of IN Macintosh NNP computers NNS , , for IN instance NN , , uses VBZ four CD different JJ buses NNS `` `` and CC no DT one NN seems VBZ to TO mind VB . . '' '' 
9 The DT gap NN between IN winners NNS and CC laggards NNS will MD grow VB . . 
19 In IN personal JJ computers NNS , , Apple NNP , , Compaq NNP and CC IBM NNP are VBP expected VBN to TO tighten VB their PRP$ hold NN on IN their PRP$ business NN . . 
13 At IN the DT same JJ time NN , , second-tier JJ firms NNS will MD continue VB to TO lose VB ground NN . . 
12 Some DT lagging VBG competitors NNS even RB may MD leave VB the DT personal JJ computer NN business NN altogether RB . . 
16 Wyse NNP Technology NNP , , for IN instance NN , , is VBZ considered VBN a DT candidate NN to TO sell VB its PRP$ troubled JJ operation NN . . 
30 `` `` Wyse NNP has VBZ done VBN well RB establishing VBG a DT distribution NN business NN , , but CC they PRP have VBP n't RB delivered VBN products NNS that WDT sell VBP , , '' '' said VBD Kimball NNP Brown NNP , , an DT analyst NN at IN Prudential-Bache NNP Securities NNP . . 
26 Mr. NNP Brown NNP estimates VBZ Wyse NNP , , whose WP$ terminals NNS business NN is VBZ strong JJ , , will MD report VB a DT loss NN of IN 12 CD cents NNS a DT share NN for IN its PRP$ quarter NN ended VBN Sept NNP . . 
16 Personal-computer NN makers NNS will MD continue VB to TO eat VB away RP at IN the DT business NN of IN more RBR traditional JJ computer NN firms NNS . . 
33 Ever-more RB powerful JJ desk-top JJ computers NNS , , designed VBN with IN one CD or CC more JJR microprocessors NNS as IN their PRP$ `` `` brains NNS , , '' '' are VBP expected VBN to TO increasingly RB take VB on RP functions NNS carried VBN out RP by IN more RBR expensive JJ minicomputers NNS and CC mainframes NNS . . 
20 `` `` The DT guys NNS that WDT make VBP traditional JJ hardware NN are VBP really RB being VBG obsoleted VBN by IN microprocessor-based JJ machines NNS , , '' '' said VBD Mr. NNP Benton NNP . . 
27 As IN a DT result NN of IN this DT trend NN , , longtime JJ powerhouses NNS H-P NNP , , IBM NNP and CC Digital NNP Equipment NNP Corp. NNP are VBP scrambling VBG to TO counterattack VB with IN microprocessor-based JJ systems NNS of IN their PRP$ own JJ . . 
8 But CC they PRP will MD have VB to TO act VB quickly RB . . 
33 Mr. NNP Benton NNP expects VBZ Compaq NNP to TO unveil VB a DT family NN of IN high-end JJ personal JJ computers NNS later RB this DT year NN that WDT are VBP powerful JJ enough RB to TO serve VB as IN the DT hub NN for IN communications NNS within IN large JJ networks NNS of IN desk-top JJ machines NNS . . 
15 A DT raft NN of IN new JJ computer NN companies NNS also RB has VBZ targeted VBN this DT `` `` server NN '' '' market NN . . 
6 Population NN Drain NN Ends VBZ For IN Midwestern JJ States NNS 
6 IOWA NNP IS VBZ MAKING VBG a DT comeback NN . . 
8 So RB are VBP Indiana NNP , , Ohio NNP and CC Michigan NNP . . 
25 The DT population NN of IN all DT four CD states NNS is VBZ on IN the DT upswing NN , , according VBG to TO new JJ Census NNP Bureau NNP estimates NNS , , following VBG declines NNS throughout IN the DT early JJ 1980s NNS . . 
11 The DT gains NNS , , to TO be VB sure JJ , , are VBP rather RB small JJ . . 
27 Iowa NNP , , for IN instance NN , , saw VBD its PRP$ population NN grow VB by IN 11,000 CD people NNS , , or CC 0.4 CD % NN , , between IN 1987 CD and CC 1988 CD , , the DT Census NNP Bureau NNP says VBZ . . 
21 Still RB , , even RB that DT modest JJ increase NN is VBZ good JJ news NN for IN a DT state NN that WDT had VBD n't RB grown VBN at IN all DT since IN 1981 CD . . 
24 Between IN 1987 CD and CC 1988 CD , , North NNP Dakota NNP was VBD the DT only JJ state NN in IN the DT Midwest JJS to TO lose VB population NN , , a DT loss NN of IN 4,000 CD people NNS . . 
26 Six CD of IN the DT 12 CD midwestern JJ states NNS have VBP been VBN growing VBG steadily RB since IN 1980 CD -- : Illinois NNP , , Kansas NNP , , Minnesota NNP , , Missouri NNP , , South NNP Dakota NNP and CC Wisconsin NNP . . 
12 The DT Northeast NNP has VBZ been VBN holding VBG its PRP$ own JJ in IN the DT population NN race NN . . 
26 Seven CD of IN nine CD states NNS have VBP grown VBN each DT year NN since IN 1980 CD , , including VBG New NNP York NNP , , which WDT lost VBD 4 CD % NN of IN its PRP$ population NN during IN the DT 1970s NNS . . 
18 And CC although IN Pennsylvania NNP and CC Massachusetts NNP suffered VBD slight JJ declines NNS earlier RBR in IN the DT decade NN , , they PRP are VBP growing VBG again RB . . 
19 At IN the DT same JJ time NN , , several JJ states NNS in IN the DT South NNP and CC West NNP have VBP had VBN their PRP$ own JJ population NN turnaround NN . . 
28 Seven CD states NNS that WDT grew VBD in IN the DT early JJ 1980s NNS are VBP now RB losing VBG population NN -- : West NNP Virginia NNP , , Mississippi NNP , , Louisiana NNP , , Oklahoma NNP , , Montana NNP , , Wyoming NNP and CC Alaska NNP . . 
29 Overall RB , , though RB , , the DT South NNP and CC West NNP still RB outpace VBP the DT Northeast NNP and CC Midwest NNP , , and CC fast-growing JJ states NNS like IN Florida NNP and CC California NNP ensure VBP that IN the DT pattern NN will MD continue VB . . 
16 But CC the DT growth NN gap NN between IN the DT Sun NNP Belt NNP and CC other JJ regions NNS has VBZ clearly RB started VBN narrowing VBG . . 
5 More JJR Elderly JJ Maintain VBP Their PRP$ Independence NN 
12 THANKS NNS TO TO modern JJ medicine NN , , more JJR couples NNS are VBP growing VBG old JJ together RB . . 
15 And CC even RB after IN losing VBG a DT spouse NN , , more JJR of IN the DT elderly JJ are VBP staying VBG independent JJ . . 
34 A DT new JJ Census NNP Bureau NNP study NN of IN the DT noninstitutionalized JJ population NN shows VBZ that IN 64 CD % NN of IN people NNS aged VBN 65 CD to TO 74 CD were VBD living VBG with IN a DT spouse NN in IN 1988 CD , , up RB from IN 59 CD % NN in IN 1970 CD . . 
14 This DT does VBZ n't RB mean VB they PRP 're VBP less RBR likely JJ to TO live VB alone RB , , however RB . . 
11 That DT share NN has VBZ remained VBN at IN about RB 24 CD % NN since IN 1970 CD . . 
24 What WP has VBZ changed VBN is VBZ that IN more JJR of IN the DT young JJ elderly JJ are VBP living VBG with IN spouses NNS rather RB than IN with IN other JJ relatives NNS , , such JJ as IN children NNS . . 
25 In IN 1988 CD , , 10 CD % NN of IN those DT aged VBN 65 CD to TO 74 CD lived VBD with IN relatives NNS other JJ than IN spouses NNS , , down RB from IN 15 CD % NN in IN 1970 CD . . 
10 As IN people NNS get VB even RB older JJR , , many JJ become VBP widowed JJ . . 
29 But CC even RB among IN those DT aged VBN 75 CD and CC older JJR , , the DT share NN living VBG with IN a DT spouse NN rose VBD slightly RB , , to TO 40 CD % NN in IN 1988 CD from IN 38 CD % NN in IN 1970 CD . . 
17 Like IN their PRP$ younger JJR counterparts NNS , , the DT older JJR elderly JJ are VBP less RBR likely JJ to TO live VB with IN other JJ relatives NNS . . 
25 Only RB 17 CD % NN of IN those DT aged VBN 75 CD and CC older JJR lived VBD with IN relatives NNS other JJ than IN spouses NNS in IN 1988 CD , , down RB from IN 26 CD % NN in IN 1970 CD . . 
19 The DT likelihood NN of IN living VBG alone RB beyond IN the DT age NN of IN 75 CD has VBZ increased VBN to TO 40 CD % NN from IN 32 CD % NN . . 
16 More JJR people NNS are VBP remaining VBG independent JJ longer RBR presumably RB because IN they PRP are VBP better JJR off RP physically RB and CC financially RB . . 
6 Careers NNS Count VBP Most RBS For IN the DT Well-to-Do JJ 
11 MANY JJ AFFLUENT JJ people NNS place VBP personal JJ success NN and CC money NN above IN family NN . . 
19 At IN least JJS that IN 's POS what WP a DT survey NN by IN Ernst NNP & CC Young NNP and CC Yankelovich NNP , , Clancy NNP , , Shulman NNP indicates VBZ . . 
34 Two-thirds NNS of IN respondents NNS said VBD they PRP strongly RB felt VBD the DT need NN to TO be VB successful JJ in IN their PRP$ jobs NNS , , while IN fewer JJR than IN half NN said VBD they PRP strongly RB felt VBD the DT need NN to TO spend VB more JJR time NN with IN their PRP$ families NNS . . 
17 Being VBG successful JJ in IN careers NNS and CC spending VBG the DT money NN they PRP make VBP are VBP top JJ priorities NNS for IN this DT group NN . . 
14 Unlike IN most JJS studies NNS of IN the DT affluent JJ market NN , , this DT survey NN excluded VBD the DT super-rich JJ . . 
20 Average JJ household NN income NN for IN the DT sample NN was VBD $ $ 194,000 CD , , and CC average JJ net JJ assets NNS were VBD reported VBN as IN $ $ 775,000 CD . . 
18 The DT goal NN was VBD to TO learn VB about IN one CD of IN today NN 's POS fastest-growing JJ income NN groups NNS , , the DT upper-middle JJ class NN . . 
18 Although IN they PRP represent VBP only RB 2 CD % NN of IN the DT population NN , , they PRP control VBP nearly RB one-third NN of IN discretionary JJ income NN . . 
27 Across IN the DT board NN , , these DT consumers NNS value VBP quality NN , , buy VBP what WP they PRP like VBP rather RB than IN just RB what WP they PRP need VBP , , and CC appreciate VBP products NNS that WDT are VBP distinctive JJ . . 
32 Despite IN their PRP$ considerable JJ incomes NNS and CC assets NNS , , 40 CD % NN of IN the DT respondents NNS in IN the DT study NN do VBP n't RB feel VB financially RB secure JJ , , and CC one-fourth NN do VBP n't RB feel VB that IN they PRP have VBP made VBN it PRP . . 
12 Twenty CD percent NN do VBP n't RB even RB feel VB they PRP are VBP financially RB well RB off RP . . 
12 Many JJ of IN the DT affluent NN are VBP n't RB comfortable JJ with IN themselves PRP , , either RB . . 
13 About RB 40 CD % NN do VBP n't RB feel VB they PRP 're VBP more RBR able JJ than IN others NNS . . 
22 While IN twothirds NNS feel VBP some DT guilt NN about IN being VBG affluent NN , , only RB 25 CD % NN give VBP $ $ 2,500 CD or CC more JJR to TO charity NN each DT year NN . . 
27 Thirty-five CD percent NN attend VBP religious JJ services NNS regularly RB ; : at IN the DT same JJ time NN , , 60 CD % NN feel VBP that IN in IN life NN one PRP sometimes RB has VBZ to TO compromise VB one PRP 's POS principles NNS . . 
3 Odds NNS and CC Ends NNS 
25 THE DT NUMBER NN of IN women NNS and CC minorities NNS who WP hold VBP jobs NNS in IN top JJ management NN in IN the DT nation NN 's POS largest JJS banks NNS has VBZ more RBR than IN doubled VBN since IN 1978 CD . . 
28 The DT American NNP Bankers NNP Association NNP says VBZ that IN women NNS make VB up RP 47 CD % NN of IN officials NNS and CC managers NNS in IN the DT top JJ 50 CD banks NNS , , up RB from IN 33 CD % NN in IN 1978 CD . . 
17 The DT share NN of IN minorities NNS in IN those DT positions NNS has VBZ risen VBN to TO 16 CD % NN from IN 12 CD % NN ... : . . 
21 Per-capita JJ personal JJ income NN in IN the DT U.S. NNP grew VBD faster RBR than IN inflation NN last JJ year NN , , according VBG to TO the DT Bureau NNP of IN Economic NNP Analysis NNP . . 
28 The DT amount NN of IN income NN divvied VBN up RP for IN each DT man NN , , woman NN and CC child NN was VBD $ $ 16,489 CD in IN 1988 CD , , up RB 6.6 CD % NN from IN $ $ 15,472 CD in IN 1987 CD . . 
17 Per IN capita NN personal JJ income NN ranged VBD from IN $ $ 11,116 CD in IN Mississippi NNP to TO $ $ 23,059 CD in IN Connecticut NNP ... : . . 
24 There EX are VBP 13.1 CD million CD students NNS in IN college NN this DT fall NN , , up RB 2 CD % NN from IN 1988 CD , , the DT National NNP Center NNP for IN Education NNP Statistics NNP estimates NNS . . 
13 About RB 54 CD % NN are VBP women NNS , , and CC 44 CD % NN are VBP part-time JJ students NNS . . 
8 This DT small JJ Dallas NNP suburb NN 's POS got VBD trouble NN . . 
16 Trouble NN with IN a DT capital JJ T NN and CC that DT rhymes VBZ with IN P NN and CC that DT stands VBZ for IN pool NN . . 
36 More RBR than IN 30 CD years NNS ago RB , , Prof. NNP Harold NNP Hill NNP , , the DT con JJ man NN in IN Meredith NNP Willson NNP 's POS `` `` The DT Music NN Man NN , , '' '' warned VBD the DT citizens NNS of IN River NNP City NNP , , Iowa NNP , , against IN the DT game NN . . 
31 Now RB kindred JJ spirits NNS on IN Addison NNP 's POS town NN council NN have VBP barred VBN the DT town NN 's POS fanciest JJS hotel NN , , the DT Grand NNP Kempinski NNP , , from IN installing VBG three CD free JJ pool NN tables NNS in IN its PRP$ new JJ lounge NN . . 
28 Mayor NNP Lynn NNP Spruill NNP and CC two CD members NNS of IN the DT council NN said VBD they PRP were VBD worried JJ about IN setting VBG a DT precedent NN that WDT would MD permit VB pool NN halls NNS along IN Addison NNP 's POS main JJ street NN . . 
31 And CC the DT mayor NN , , in IN an DT admonition NN that WDT bears VBZ a DT rhythmic JJ resemblance NN to TO Prof. NNP Hill NNP 's POS , , warned VBD that IN `` `` alcohol NN leads VBZ to TO betting NN , , which WDT leads VBZ to TO fights NNS . . '' '' 
22 The DT council NN 's POS action NN is VBZ yet RB another DT blow NN to TO a DT sport NN that IN its PRP$ fans NNS claim NN has VBZ been VBN maligned VBN unjustly RB for IN years NNS . . 
27 `` `` Obviously RB they PRP 're VBP not RB in IN touch NN with IN what WP 's VBZ going VBG on RP , , '' '' says VBZ Tom NNP Manske NNP , , vice NN president NN of IN the DT National NNP Pocket NNP Billiards NNP Association NNP . . 
23 Pool NN is VBZ hot JJ in IN New NNP York NNP and CC Chicago NNP , , he PRP insists VBZ , , where WRB `` `` upscale JJ , , suit-and-tie JJ places NNS '' '' are VBP adding VBG tables NNS . . 
24 With IN today NN 's POS tougher JJR drunk JJ driving NN laws NNS , , he PRP adds VBZ , , `` `` people NNS do VBP n't RB want VB to TO just RB sit VB around RB and CC drink VB . . '' '' 
30 Besides IN , , rowdy JJ behavior NN seems VBZ unlikely JJ at IN the DT Grand NNP Kempinski NNP , , where WRB rooms NNS average VBP $ $ 200 CD a DT night NN and CC the DT cheap JJ mixed JJ drinks NNS go VBP for IN $ $ 3.50 CD a DT pop NN . . 
19 At IN the DT lounge NN , , manager NN Elizabeth NNP Dyer NNP wo MD n't RB admit VB patrons NNS in IN jeans NNS , , T-shirts NNS or CC tennis NN shoes NNS . . 
13 But CC a DT majority NN of IN the DT Addison NNP council NN did VBD n't RB buy VB those DT arguments NNS . . 
13 Introducing VBG pool NN , , argued VBD Councilwoman NNP Riley NNP Reinker NNP , , would MD be VB `` `` dangerous JJ . . 
9 It PRP would MD open VB a DT can NN of IN worms NNS . . '' '' 
11 Addison NNP is VBZ no DT stranger NN to TO cans NNS of IN worms NNS , , either RB . . 
40 After IN its PRP$ previous JJ mayor NN committed VBD suicide NN last JJ year NN , , an DT investigation NN disclosed VBD that IN town NN officials NNS regularly RB voted VBD on IN their PRP$ own JJ projects NNS , , gave VBD special JJ favors NNS to TO developer NN friends NNS and CC dipped VBD into IN the DT town NN 's POS coffers NNS for IN trips NNS and CC retreats NNS . . 
21 The DT revelations NNS embarrassed VBD town NN officials NNS , , although IN they PRP argued VBD that IN the DT problems NNS were VBD n't RB as RB severe JJ as IN the DT media NNS suggested VBD . . 
6 Now RB comes VBZ the DT pool NN flap NN . . 
19 `` `` I PRP think VBP there EX 's VBZ some DT people NNS worried JJ about IN something NN pretty RB ridiculous JJ , , '' '' Councilman NNP John NNP Nolan NNP says VBZ . . 
15 `` `` I PRP thought VBD this DT was VBD all DT taken VBN care NN of IN in IN ` `` The DT Music NN Man NN . . 
43 The DT only JJ thing NN Robert NNP Goldberg NNP could MD praise VB about IN CBS NNP 's POS new JJ show NN `` `` Island NNP Son NNP '' '' -LRB- -LRB- Leisure NNP & CC Arts NNP , , Sept. NNP 25 CD -RRB- -RRB- was VBD the DT local JJ color NN ; : unfortunately RB neither CC he PRP nor CC the DT producers NNS of IN the DT show NN have VBP done VBN their PRP$ homework NN . . 
21 For IN instance NN : : `` `` Haole FW '' '' -LRB- -LRB- white JJ -RRB- -RRB- is VBZ not RB the DT ultimate JJ insult NN ; : `` `` Mainland JJ haole FW '' '' is VBZ . . 
22 Richard NNP Chamberlain NNP dresses VBZ as IN a DT `` `` Mainland JJ haole FW , , '' '' tucking VBG in RP a DT Hawaiian JJ shirt NN and CC rolling VBG up RP its PRP$ long JJ sleeves NNS . . 
16 And CC the DT local JJ expression NN for IN brother NN is VBZ `` `` brah FW , , '' '' not RB `` `` bruddah FW . . '' '' 
34 And CC even RB if IN a DT nurse NN would MD wear VB flowers NNS in IN her PRP$ hair NN while NN on IN duty NN , , if IN she PRP were VBD engaged JJ she PRP would MD know VB to TO wear VB them PRP behind IN her PRP left JJ , , not RB right JJ , , ear NN . . 
17 Sorry JJ , , the DT show NN does VBZ not RB even RB have VB the DT one CD redeeming JJ quality NN of IN genuine JJ local JJ color NN . . 
2 Anita NNP Davis NNP 
16 Of IN all DT the DT ethnic JJ tensions NNS in IN America NNP , , which WDT is VBZ the DT most RBS troublesome JJ right RB now RB ? . 
16 A DT good JJ bet NN would MD be VB the DT tension NN between IN blacks NNPS and CC Jews NNPS in IN New NNP York NNP City NNP . . 
29 Or CC so IN it PRP must MD seem VB to TO Jackie NNP Mason NNP , , the DT veteran JJ Jewish JJ comedian NN appearing VBG in IN a DT new JJ ABC NNP sitcom NN airing NN on IN Tuesday NNP nights NNS -LRB- -LRB- 9:30-10 CD p.m. RB EDT NNP -RRB- -RRB- . . 
40 Not RB only RB is VBZ Mr. NNP Mason NNP the DT star NN of IN `` `` Chicken NNP Soup NNP , , '' '' he PRP 's VBZ also RB the DT inheritor NN of IN a DT comedic JJ tradition NN dating VBG back RB to TO `` `` Duck NNP Soup NNP , , '' '' and CC he PRP 's VBZ currently RB a DT man NN in IN hot JJ water NN . . 
46 Here RB , , in IN neutral JJ language NN , , is VBZ the DT gist NN of IN Mr. NNP Mason NNP 's POS remarks NNS , , quoted VBN first RB in IN the DT Village NNP Voice NNP while IN he PRP was VBD a DT paid JJ spokesman NN for IN the DT Rudolph NNP Giuliani NNP mayoral JJ campaign NN , , and CC then RB in IN Newsweek NNP after IN he PRP and CC the DT campaign NN parted VBD company NN . . 
19 Mr. NNP Mason NNP said VBD that IN many JJ Jewish JJ voters NNS feel VBP guilty JJ toward IN blacks NNS , , so IN they PRP support VBP black JJ candidates NNS uncritically RB . . 
22 He PRP said VBD that IN many JJ black JJ voters NNS feel VBP bitter JJ about IN racial JJ discrimination NN , , so IN they PRP , , too RB , , support VBP black JJ candidates NNS uncritically RB . . 
17 He PRP said VBD that IN Jews NNPS have VBP contributed VBN more JJR to TO black JJ causes NNS over IN the DT years NNS than IN vice FW versa FW . . 
11 Of IN course NN , , Mr. NNP Mason NNP did VBD not RB use VB neutral JJ language NN . . 
30 As IN a DT practitioner NN of IN ethnic JJ humor NN from IN the DT old JJ days NNS on IN the DT Borscht NNP Belt NNP , , live JJ television NN and CC the DT nightclub NN circuit NN , , Mr. NNP Mason NNP instinctively RB reached VBD for IN the DT vernacular NN . . 
31 He PRP said VBD Jews NNPS were VBD `` `` sick JJ with IN complexes NNS '' '' ; : and CC he PRP called VBD David NNP Dinkins NNP , , Mr. NNP Giuliani NNP 's POS black JJ opponent NN , , `` `` a DT fancy JJ shvartze NN with IN a DT mustache NN . . '' '' 
31 If IN Mr. NNP Mason NNP had VBD used VBN less RBR derogatory JJ language NN to TO articulate VB his PRP$ amateur JJ analysis NN of IN the DT voting NN behavior NN of IN his PRP$ fellow NN New NNP Yorkers NNP , , would MD the DT water NN be VB quite RB so RB hot JJ ? . 
36 It PRP probably RB would MD , , because IN few JJ or CC none NN of IN the DT people NNS upset JJ by IN Mr. NNP Mason NNP 's POS remarks NNS have VBP bothered VBN to TO distinguish VB between IN the DT substance NN of IN his PRP$ comments NNS and CC the DT fact NN that IN he PRP used VBD insulting JJ language NN . . 
24 In IN addition NN , , some DT of IN Mr. NNP Mason NNP 's POS critics NNS have VBP implied VBN that IN his PRP$ type NN of IN ethnic JJ humor NN is VBZ itself PRP a DT form NN of IN racism NN . . 
21 For IN example NN , , the DT New NNP York NNP state NN counsel NN for IN the DT NAACP NNP said VBD that IN Mr. NNP Mason NNP is VBZ `` `` like IN a DT dinosaur NN . . 
12 People NNS are VBP fast RB leaving VBG the DT place NN where WRB he PRP is VBZ stuck VBN . . '' '' 
39 These DT critics NNS fail VBP to TO distinguish VB between IN the DT type NN of IN ethnic JJ humor NN that WDT aims VBZ at IN disparaging VBG another DT group NN , , such JJ as IN `` `` Polish JJ jokes NNS '' '' ; : and CC the DT type NN that WDT is VBZ double-edged JJ , , aiming VBG inward RB as RB well RB as IN outward RB . . 
39 The DT latter JJ typically RB is VBZ the DT humor NN of IN the DT underdog NN , , and CC it PRP was VBD perfected VBN by IN both DT blacks NNPS and CC Jews NNPS on IN the DT minstrel NN and CC vaudeville NN stage NN as IN a DT means NN of IN mocking VBG their PRP$ white JJ and CC gentile JJ audiences NNS along IN with IN themselves PRP . . 
24 In IN the DT hands NNS of IN a DT zealot NN like IN Lenny NNP Bruce NNP , , this DT double-edged JJ blade NN could MD cut VB both DT the DT self NN and CC the DT audience NN to TO ribbons NNS . . 
17 But CC wielded VBN by IN a DT pro NN like IN Jackie NNP Mason NNP , , it PRP is VBZ a DT constructive JJ form NN of IN mischief NN . . 
3 Why WRB constructive JJ ? . 
37 Because IN despite IN all PDT the DT media NNS prattle NN about IN comedy NN and CC politics NNS not RB mixing VBG , , they PRP are VBP similar JJ in IN one CD respect NN : : Both DT can MD serve VB as IN mechanisms NNS for IN easing VBG tensions NNS and CC facilitating VBG the DT co-existence NN of IN groups NNS in IN conflict NN . . 
26 That DT 's VBZ why WRB it PRP 's VBZ dangerous JJ to TO have VB well-intentioned JJ thought NN police NNS , , on IN college NN campuses NNS and CC elsewhere RB , , taboo VB all DT critical JJ mention NN of IN group NN differences NNS . . 
34 As IN Elizabeth NNP Kristol NNP wrote VBD in IN the DT New NNP York NNP Times NNP just RB before IN the DT Mason NNP donnybrook NN , , `` `` Perhaps RB intolerance NN would MD not RB boil VB over RP with IN such JJ intensity NN if IN honest JJ differences NNS were VBD allowed VBN to TO simmer VB . . '' '' 
40 The DT question NN is VBZ , , if IN group NN conflicts NNS still RB exist VBP -LRB- -LRB- as IN undeniably RB they PRP do VBP -RRB- -RRB- , , and CC if IN Mr. NNP Mason NNP 's POS type NN of IN ethnic JJ humor NN is VBZ passe JJ , , then RB what WP other JJ means NNS do VBP we PRP have VB for IN letting VBG off RP steam NN ? . 
35 Do VB n't RB say VB the DT TV NN sitcom NN , , because IN that DT happens VBZ to TO be VB a DT genre NN that IN , , in IN its PRP$ desperate JJ need NN to TO attract VB everybody NN and CC offend VB nobody NN , , resembles VBZ politics NNS more RBR than IN it PRP does VBZ comedy NN . . 
33 It PRP is VBZ true JJ that IN the DT best JJS sitcoms NNS do VBP allow VB group NN differences NNS to TO simmer VB : : yuppies NNS vs. IN blue-collar JJ Bostonians NNPS in IN `` `` Cheers NNP '' '' ; : children NNS vs. IN adults NNS in IN `` `` The DT Cosby NNP Show NNP . . '' '' 
10 But CC these DT are VBP not RB the DT differences NNS that WDT make VBP headlines NNS . . 
48 In IN `` `` Chicken NNP Soup NNP , , '' '' Mr. NNP Mason NNP plays VBZ Jackie NNP , , a DT Jewish JJ bachelor NN courting VBG Maddie NNP -LRB- -LRB- Lynn NNP Redgrave NNP -RRB- -RRB- , , an DT Irish JJ widow NN and CC mother NN of IN three CD , , against IN the DT wishes NNS of IN his PRP$ mother NN -LRB- -LRB- Rita NNP Karin NNP -RRB- -RRB- and CC her PRP$ brother NN Michael NNP -LRB- -LRB- Brandon NNP Maggart NNP -RRB- -RRB- . . 
11 It PRP 's POS worth JJ noting VBG that IN both DT disapproving JJ relatives NNS are VBP immigrants NNS . . 
16 At IN least JJS , , they PRP both DT speak VBP with IN strong JJ accents NNS , , as IN do VBP Jackie NNP and CC Maddie NNP . . 
19 It PRP could MD n't RB be VB more RBR obvious JJ that IN `` `` Chicken NNP Soup NNP '' '' is VBZ being VBG made VBN from IN an DT old JJ recipe NN . . 
25 And CC a DT safe JJ one CD -- : imagine VB if IN the DT romance NN in IN question NN were VBD between IN an DT Orthodox NNP Jew NNP and CC a DT member NN of IN the DT Nation NNP of IN Islam NNP . . 
56 Back RB in IN the DT 1920s NNS , , the DT play NN and CC movie NN versions NNS of IN `` `` Abie NNP 's POS Irish NNP Rose NNP '' '' made VBD the DT theme NN of IN courtship NN between IN the DT assimilated JJ offspring NN of IN Jewish JJ and CC Irish JJ immigrants NNS so RB popular JJ that IN its PRP$ author NN , , Anne NNP Nichols NNP , , lost VBD a DT plagiarism NN suit NN on IN the DT grounds NNS that IN the DT plot NN has VBZ entered VBN the DT public JJ domain NN . . 
41 And CC it PRP has VBZ remained VBN there RB , , as IN evidenced VBN by IN its PRP$ reappearance NN in IN a DT 1972 CD CBS NNP sitcom NN called VBN `` `` Bridget NNP Loves NNP Bernie NNP , , '' '' whose WP$ sole JJ distinction NN was VBD that IN it PRP led VBD to TO the DT real-life JJ marriage NN of IN Meredith NNP Baxter NNP and CC David NNP Birney NNP . . 
26 Clearly RB , , the DT question NN with IN `` `` Chicken NNP Soup NNP '' '' is VBZ not RB whether IN the DT pot NN will MD boil VB over RP , , but CC whether IN it PRP will MD simmer VB at IN all DT . . 
12 So IN far RB , , the DT bubbles NNS have VBP been VBN few JJ and CC far RB between RB . . 
26 Part NN of IN the DT problem NN is VBZ the DT tendency NN of IN all DT sitcoms NNS , , ever RB since IN the DT didactic JJ days NNS of IN Norman NNP Lear NNP , , to TO preach VB about IN social JJ issues NNS . . 
21 To TO some DT extent NN , , this DT tendency NN emerges VBZ whenever WRB the DT show NN tries VBZ to TO enlighten VB us PRP about IN ethnic JJ stereotypes NNS by IN reversing VBG them PRP . . 
33 For IN instance NN , , Michael NNP dislikes VBZ Jackie NNP not RB because IN he PRP 's VBZ a DT shrewd JJ Jewish JJ businessman NN , , but CC because IN he PRP quits VBZ his PRP$ well-paying JJ job NN as IN a DT salesman NN in IN order NN to TO become VB a DT social JJ worker NN . . 
16 Even RB more RBR problematic JJ is VBZ the DT incompatibility NN between IN sitcom NN preachiness NN and CC Mr. NNP Mason NNP 's POS comic JJ persona NN . . 
46 The DT best JJS moments NNS in IN the DT show NN occur VBP at IN the DT beginning NN and CC the DT end NN -LRB- -LRB- and CC occasionally RB in IN the DT middle NN -RRB- -RRB- , , when WRB Mr. NNP Mason NNP slips VBZ into IN his PRP$ standup JJ mode NN and CC starts NNS meting VBG out RP that DT old-fashioned JJ Jewish JJ mischief NN to TO other JJ people NNS as RB well RB as IN to TO himself PRP . . 
30 But CC too RB often RB , , these DT routines NNS lack VBP spark NN because IN this DT sitcom NN , , like IN all DT sitcoms NNS , , is VBZ timid JJ about IN confronting VBG Mr. NNP Mason NNP 's POS stock NN in IN trade NN - : ethnic JJ differences NNS . . 
24 I PRP 'm VBP not RB suggesting VBG that IN the DT producers NNS start VB putting VBG together RB episodes NNS about IN topics NNS like IN the DT Catholic-Jewish JJ dispute NN over IN the DT Carmelite JJ convent NN at IN Auschwitz NNP . . 
26 That DT issue NN , , like IN racial JJ tensions NNS in IN New NNP York NNP City NNP , , will MD have VB to TO cool VB down RP , , not RB heat VB up RP , , before IN it PRP can MD simmer VB . . 
36 But CC I PRP am VBP suggesting VBG that IN they PRP stop VB requiring VBG Mr. NNP Mason NNP to TO interrupt VB his PRP$ classic JJ shtik NN with IN some DT line NN about IN `` `` caring VBG for IN other JJ people NNS '' '' that WDT would MD sound VB shmaltzy NN on IN the DT lips NNS of IN Miss NNP America NNP . . 
22 At IN your PRP$ age NN , , Jackie NNP , , you PRP ought MD to TO know VB that IN you PRP ca MD n't RB make VB soup NN without IN turning VBG up RP the DT flame NN . . 
23 The DT official JJ White NNP House NNP reaction NN to TO a DT plunge NN in IN stock NN prices NNS has VBZ a DT 60-year JJ history NN of IN calm JJ , , right RB up IN through IN Friday NNP . . 
28 Treasury NNP Secretary NNP Nicholas NNP Brady NNP said VBD in IN a DT statement NN Friday NNP that IN the DT stock-market NN decline NN `` `` does VBZ n't RB signal VB any DT fundamental JJ change NN in IN the DT condition NN of IN the DT economy NN . . '' '' 
21 `` `` The DT economy NN , , '' '' he PRP added VBD , , `` `` remains VBZ well-balanced JJ and CC the DT outlook NN is VBZ for IN continued JJ moderate JJ growth NN . . '' '' 
3 Sound VB familiar JJ ? . 
18 Here RB 's VBZ what WP Ronald NNP Reagan NNP said VBD after IN the DT 1987 CD crash NN : : `` `` The DT underlying JJ economy NN remains VBZ sound JJ . . 
15 There EX is VBZ nothing NN wrong JJ with IN the DT economy NN ... : all PDT the DT indices NNS are VBP up RB . . '' '' 
4 Heard VBN that DT before RB ? . 
25 After IN the DT 1929 CD crash NN , , Herbert NNP Hoover NNP said VBD : : `` `` The DT fundamental JJ business NN of IN the DT country NN ... : is VBZ on IN a DT sound JJ and CC prosperous JJ basis NN . . 
25 James NNP Robinson NNP , , 57 CD years NNS old JJ , , was VBD elected VBN president NN and CC chief JJ executive JJ officer NN of IN this DT maker NN of IN magnetic JJ recording NN heads NNS for IN disk NN drives NNS . . 
32 He PRP has VBZ been VBN president NN and CC chief JJ executive JJ officer NN of IN Amperex NNP Electronics NNP Corp. NNP , , a DT division NN of IN North NNP American NNP Philips NNP Corp. NNP , , itself PRP a DT subsidiary NN of IN N.V NNP . . Philips NNP of IN the DT Netherlands NNPS . . 
22 Charles NNP J. NNP Lawson NNP Jr. NNP , , 68 CD , , who WP had VBD been VBN acting JJ chief JJ executive NN since IN June NNP 14 CD , , will MD continue VB as IN chairman NN . . 
15 The DT former JJ president NN and CC chief JJ executive NN , , Eric NNP W. NNP Markrud NNP , , resigned VBD in IN June NNP . . 
29 The DT Senate NNP 's POS decision NN to TO approve VB a DT bare-bones JJ deficit-reduction NN bill NN without IN a DT capital-gains NNS tax NN cut NN still RB leaves VBZ open JJ the DT possibility NN of IN enacting VBG a DT gains NNS tax NN reduction NN this DT year NN . . 
38 Late RB Friday NNP night NN , , the DT Senate NNP voted VBD 87-7 CD to TO approve VB an DT estimated JJ $ $ 13.5 CD billion CD measure NN that WDT had VBD been VBN stripped VBN of IN hundreds NNS of IN provisions NNS that WDT would MD have VB widened VBN , , rather RB than IN narrowed VBN , , the DT federal JJ budget NN deficit NN . . 
20 Lawmakers NNS drastically RB streamlined VBD the DT bill NN to TO blunt VB criticism NN that IN it PRP was VBD bloated JJ with IN special-interest NN tax NN breaks NNS and CC spending NN increases NNS . . 
32 `` `` We PRP 're VBP putting VBG a DT deficit-reduction NN bill NN back RB in IN the DT category NN of IN being VBG a DT deficit-reduction NN bill NN , , '' '' said VBD Senate NNP Budget NNP Committee NNP Chairman NNP James NNP Sasser NNP -LRB- -LRB- D. NNP , , Tenn NNP . . -RRB- -RRB- . . 
36 But CC Senate NNP supporters NNS of IN the DT trimmer JJR legislation NN said VBD that IN other JJ bills NNS would MD soon RB be VB moving VBG through IN Congress NNP that WDT could MD carry VB some DT of IN the DT measures NNS that WDT had VBD been VBN cast VBN aside RB , , including VBG a DT capital-gains NNS tax NN cut NN . . 
17 In IN addition NN , , the DT companion JJ deficit-reduction NN bill NN already RB passed VBN by IN the DT House NNP includes VBZ a DT capital-gains NNS provision NN . . 
14 House-Senate NNP negotiations NNS are VBP likely JJ to TO begin VB at IN midweek NN and CC last VB for IN a DT while NN . . 
28 `` `` No DT one NN can MD predict VB exactly RB what WP will MD happen VB on IN the DT House NNP side NN , , '' '' said VBD Senate NNP Minority NNP Leader NNP Robert NNP Dole NNP -LRB- -LRB- R. NNP , , Kan NNP . . -RRB- -RRB- . . 
22 But CC , , he PRP added VBD , , `` `` I PRP believe VBP Republicans NNPS and CC Democrats NNPS will MD work VB together RB to TO get VB capital-gains NNS reform NN this DT year NN . . '' '' 
28 White NNP House NNP Budget NNP Director NNP Richard NNP Darman NNP told VBD reporters NNS yesterday RB that IN the DT administration NN would MD n't RB push VB to TO keep VB the DT capital-gains NNS cut NN in IN the DT final JJ version NN of IN the DT bill NN . . 
18 `` `` We PRP do VBP n't RB need VB this DT as IN a DT way NN to TO get VB capital NN gains NNS , , '' '' he PRP said VBD . . 
38 House NNP Budget NNP Committee NNP Chairman NNP Leon NNP Panetta NNP -LRB- -LRB- D. NNP , , Calif NNP . . -RRB- -RRB- said VBD in IN an DT interview NN , , `` `` If IN that DT 's VBZ the DT signal NN that WDT comes VBZ from IN the DT White NNP House NNP , , that WDT will MD help VB a DT great JJ deal NN . . '' '' 
24 The DT Senate NNP 's POS decision NN was VBD a DT setback NN for IN President NNP Bush NNP and CC will MD make VB approval NN of IN a DT capital-gains NNS tax NN cut NN less RBR certain JJ this DT year NN . . 
8 Opponents NNS of IN the DT cut NN are VBP playing VBG hardball NN . . 
32 Senate NNP Majority NNP Leader NNP George NNP Mitchell NNP -LRB- -LRB- D. NNP , , Maine NNP -RRB- -RRB- said VBD he PRP was VBD `` `` confident JJ '' '' that IN any DT House-Senate NNP agreement NN on IN the DT deficit-reduction NN legislation NN would MD n't RB include VB a DT capital-gains NNS tax NN cut NN . . 
40 And CC a DT senior JJ aide NN to TO the DT House NNP Ways NNP and CC Means NNP Committee NNP , , where WRB tax NN legislation NN originates VBZ , , said VBD there EX are VBP n't RB any DT `` `` plans NNS to TO produce VB another DT tax NN bill NN that WDT could MD carry VB a DT gains NNS tax NN cut NN this DT year NN . . '' '' 
31 One CD obvious JJ place NN to TO attach VB a DT capital-gains NNS tax NN cut NN , , and CC perhaps RB other JJ popular JJ items NNS stripped VBN from IN the DT deficit-reduction NN bill NN , , is VBZ the DT legislation NN to TO raise VB the DT federal JJ borrowing NN limit NN . . 
12 Such JJ legislation NN must MD be VB enacted VBN by IN the DT end NN of IN the DT month NN . . 
15 The DT Senate NNP bill NN was VBD pared VBN back RB in IN an DT attempt NN to TO speed VB deficit-reduction NN through IN Congress NNP . . 
26 Because IN the DT legislation NN has VBZ n't RB been VBN completed VBN , , President NNP Bush NNP has VBZ until IN midnight NN tonight NN to TO enact VB across-the-board JJ spending NN cuts NNS mandated VBN by IN the DT Gramm-Rudman NNP deficit-reduction NN law NN . . 
20 Senators NNS hope VBP that IN the DT need NN to TO avoid VB those DT cuts NNS will MD pressure VB the DT House NNP to TO agree VB to TO the DT streamlined JJ bill NN . . 
9 The DT House NNP appears VBZ reluctant JJ to TO join VB the DT senators NNS . . 
22 A DT key NN is VBZ whether IN House NNP Republicans NNPS are VBP willing JJ to TO acquiesce VB to TO their PRP$ Senate NNP colleagues NNS ' POS decision NN to TO drop VB many JJ pet JJ provisions NNS . . 
49 `` `` Although IN I PRP am VBP encouraged VBN by IN the DT Senate NNP action NN , , '' '' said VBD Chairman NNP Dan NNP Rostenkowski NNP -LRB- -LRB- D. NNP , , Ill NNP . . -RRB- -RRB- of IN the DT House NNP Ways NNP and CC Means NNP Committee NNP , , `` `` it PRP is VBZ uncertain JJ whether IN a DT clean JJ bill NN can MD be VB achieved VBN in IN the DT upcoming JJ conference NN with IN the DT Senate NNP . . '' '' 
13 Another DT big JJ question NN hovering VBG over IN the DT debate NN is VBZ what WP President NNP Bush NNP thinks VBZ . . 
17 He PRP has VBZ been VBN resisting VBG a DT stripped-down JJ bill NN without IN a DT guaranteed JJ vote NN on IN his PRP$ capital-gains NNS tax NN cut NN . . 
35 But CC Republican JJ senators NNS saw VBD no DT way NN to TO overcome VB a DT procedural JJ hurdle NN and CC garner VB the DT 60 CD votes NNS needed VBN to TO win VB the DT capital-gains NNS issue NN on IN the DT floor NN , , so IN they PRP went VBD ahead RB with IN the DT streamlined JJ bill NN . . 
25 The DT Senate NNP bill NN was VBD stripped VBN of IN many JJ popular JJ , , though IN revenue-losing JJ , , provisions NNS , , a DT number NN of IN which WDT are VBP included VBN in IN the DT House-passed JJ bill NN . . 
18 These DT include VBP a DT child-care NN initiative NN and CC extensions NNS of IN soon-to-expire JJ tax NN breaks NNS for IN low-income JJ housing NN and CC research-and-development NN expenditures NNS . . 
34 Also RB missing VBG from IN the DT Senate NNP bill NN is VBZ the DT House NNP 's POS repeal NN of IN a DT law NN , , called VBN Section NNP 89 CD , , that WDT compels VBZ companies NNS to TO give VB rank-and-file JJ workers NNS comparable JJ health NN benefits NNS to TO top JJ paid VBN executives NNS . . 
44 One CD high-profile JJ provision NN that WDT was VBD originally RB in IN the DT Senate NNP bill NN but CC was VBD cut VBN out RP because IN it PRP lost VBD money NN was VBD the DT proposal NN by IN Chairman NNP Lloyd NNP Bentsen NNP -LRB- -LRB- D. NNP , , Texas NNP -RRB- -RRB- of IN the DT Senate NNP Finance NNP Committee NNP to TO expand VB the DT deduction NN for IN individual JJ retirement NN accounts NNS . . 
13 Mr. NNP Bentsen NNP said VBD he PRP hopes VBZ the DT Senate NNP will MD consider VB that DT measure NN soon RB . . 
28 To TO the DT delight NN of IN some DT doctors NNS , , the DT bill NN dropped VBD a DT plan NN passed VBN by IN the DT Finance NNP Committee NNP that WDT would MD have VB overhauled VBN the DT entire JJ physician-reimbursement JJ system NN under IN Medicare NNP . . 
23 To TO the DT detriment NN of IN many JJ low-income JJ people NNS , , efforts NNS to TO boost VB Medicaid NNP funding NN , , especially RB in IN rural JJ areas NNS , , also RB were VBD stricken VBN . . 
33 Asked VBN why WRB senators NNS were VBD giving VBG up RP so RB much JJ , , New NNP Mexico NNP Sen. NNP Pete NNP Domenici NNP , , the DT ranking JJ Republican NNP on IN the DT Senate NNP Budget NNP Committee NNP , , said VBD , , `` `` We PRP 're VBP looking VBG like IN idiots NNS . . 
8 Things NNS had VBD just RB gone VBN too RB far RB . . '' '' 
12 Sen. NNP Dole NNP said VBD that IN the DT move NN required VBD sacrifice NN by IN every DT senator NN . . 
18 It PRP worked VBD , , others NNS said VBD , , because IN there EX were VBD no DT exceptions NNS : : all DT revenue-losing JJ provisions NNS were VBD stricken VBN . . 
28 The DT Senate NNP also RB dropped VBD a DT plan NN by IN its PRP$ Finance NNP Committee NNP that WDT would MD have VB increased VBN the DT income NN threshold NN beyond IN which WDT senior JJ citizens NNS have VBP their PRP$ Social NNP Security NNP benefits NNS reduced VBN . . 
21 In IN addition NN , , the DT bill NN dropped VBD a DT plan NN to TO make VB permanent JJ a DT 3 CD % NN excise NN tax NN on IN long-distance JJ telephone NN calls NNS . . 
31 It PRP no RB longer RBR includes VBZ a DT plan NN that WDT would MD have VB repealed VBN what WP remains VBZ of IN the DT completed-contract JJ method NN of IN accounting NN , , which WDT is VBZ used VBN by IN military JJ contractors NNS to TO reduce VB their PRP$ tax NN burden NN . . 
23 It PRP also RB drops VBZ a DT provision NN that WDT would MD have VB permitted VBN corporations NNS to TO use VB excess JJ pension NN funds NNS to TO pay VB health NN benefits NNS for IN current JJ retirees NNS . . 
27 Also RB stricken VBN was VBD a DT fivefold JJ increase NN in IN the DT maximum JJ Occupational NNP Safety NNP and CC Health NNP Administration NNP penalties NNS , , which WDT would MD have VB raised VBN $ $ 65 CD million CD in IN fiscal JJ 1990 CD . . 
16 A DT provision NN that WDT would MD have VB made VBN the DT Social NNP Security NNP Administration NNP an DT independent JJ agency NN was VBD excised VBN . . 
19 The DT approval NN of IN the DT Senate NNP bill NN was VBD especially RB sweet JJ for IN Sen. NNP Mitchell NNP , , who WP had VBD proposed VBN the DT streamlining NN . . 
56 Mr. NNP Mitchell NNP 's POS relations NNS with IN Budget NNP Director NNP Darman NNP , , who WP pushed VBD for IN a DT capital-gains NNS cut NN to TO be VB added VBN to TO the DT measure NN , , have VBP been VBN strained VBN since IN Mr. NNP Darman NNP chose VBD to TO bypass VB the DT Maine NNP Democrat NNP and CC deal VB with IN other JJ lawmakers NNS earlier RBR this DT year NN during IN a DT dispute NN over IN drug NN funding NN in IN the DT fiscal JJ 1989 CD supplemental JJ spending NN bill NN . . 
23 The DT deficit NN reduction NN bill NN contains VBZ $ $ 5.3 CD billion CD in IN tax NN increases NNS in IN fiscal JJ 1990 CD , , and CC $ $ 26 CD billion CD over IN five CD years NNS . . 
11 The DT revenue-raising JJ provisions NNS , , which WDT affect VBP mostly RB corporations NNS , , would MD : : 
34 -- : Prevent VB companies NNS that WDT have VBP made VBN leveraged JJ buy-outs NNS from IN getting VBG federal JJ tax NN refunds NNS resulting VBG from IN losses NNS caused VBN by IN interest NN payments NNS on IN debt NN issued VBN to TO finance VB the DT buy-outs NNS , , effective JJ Aug. NNP 2 CD , , 1989 CD . . 
36 -- : Require VB mutual JJ funds NNS to TO include VB in IN their PRP$ taxable JJ income NN dividends NNS paid VBN to TO them PRP on IN the DT date NN that IN the DT dividends NNS are VBP declared VBN rather RB than IN received VBN , , effective JJ the DT day NN after IN the DT tax NN bill NN is VBZ enacted VBN . . 
27 -- : Close VB a DT loophole NN regarding VBG employee NN stock NN ownership NN plans NNS , , effective JJ June NNP 6 CD , , 1989 CD , , that WDT has VBZ been VBN exploited VBN by IN investment NN bankers NNS in IN corporate JJ takeovers NNS . . 
37 The DT measure NN repeals VBZ a DT 50 CD % NN exclusion NN given VBN to TO banks NNS on IN the DT interest NN from IN loans NNS used VBN to TO acquire VB securities NNS for IN an DT ESOP NNP , , if IN the DT ESOP NNP owns VBZ less JJR than IN 30 CD % NN of IN the DT employer NN 's POS stock NN . . 
23 -- : Curb VB junk NN bonds NNS by IN ending VBG tax NN benefits NNS for IN certain JJ securities NNS , , such JJ as IN zero-coupon JJ bonds NNS , , that WDT postpone VBP cash NN interest NN payments NNS . . 
19 -- : Raise VB $ $ 851 CD million CD by IN suspending VBG for IN one CD year NN an DT automatic JJ reduction NN in IN airport NN and CC airway NN taxes NNS . . 
17 -- : Speed VB up RP the DT collection NN of IN the DT payroll NN tax NN from IN large JJ companies NNS , , effective JJ August NNP 1990 CD . . 
29 -- : Impose VB a DT tax NN on IN ozone-depleting JJ chemicals NNS , , such JJ as IN those DT used VBN in IN air NN conditioners NNS and CC in IN Styrofoam NNP , , beginning VBG at IN $ $ 1.10 CD a DT pound NN starting VBG next JJ year NN . . 
16 -- : Withhold VB income NN taxes NNS from IN the DT paychecks NNS of IN certain JJ farm NN workers NNS currently RB exempt JJ from IN withholding NN . . 
17 -- : Change VB the DT collection NN of IN gasoline NN excise NN taxes NNS to TO weekly RB from IN semimonthly RB , , effective JJ next IN year NN . . 
26 -- : Restrict VB the DT ability NN of IN real JJ estate NN owners NNS to TO escape VB taxes NNS by IN swapping VBG one CD piece NN of IN property NN for IN another DT instead RB of IN selling VBG it PRP for IN cash NN . . 
29 -- : Increase VB to TO $ $ 6 CD a DT person NN from IN $ $ 3 CD the DT international JJ air-passenger NN departure NN tax NN , , and CC impose VB a DT $ $ 3-a-person JJ tax NN on IN international JJ departures NNS by IN commercial JJ ships NNS . . 
12 The DT measure NN also RB includes VBZ spending NN cuts NNS and CC increases NNS in IN federal JJ fees NNS . . 
4 Among IN its PRP$ provisions NNS : : 
24 -- : Reduction NNP of IN Medicare NNP spending NN in IN fiscal JJ 1990 CD by IN some DT $ $ 2.8 CD billion CD , , in IN part NN by IN curbing VBG increases NNS in IN reimbursements NNS to TO physicians NNS . . 
13 The DT plan NN would MD impose VB a DT brief JJ freeze NN on IN physician NN fees NNS next IN year NN . . 
23 -- : Removal NNP of IN the DT U.S. NNP Postal NNP Service NNP 's POS operating NN budget NN from IN the DT federal JJ budget NN , , reducing VBG the DT deficit NN by IN $ $ 1.77 CD billion CD . . 
9 A DT similar JJ provision NN is VBZ in IN the DT House NNP version NN . . 
42 -- : Authority NNP for IN the DT Federal NNP Aviation NNP Administration NNP to TO raise VB $ $ 239 CD million CD by IN charging VBG fees NNS for IN commercial JJ airline-landing JJ rights NNS at IN New NNP York NNP 's POS LaGuardia NNP and CC John NNP F. NNP Kennedy NNP International NNP Airports NNP , , O'Hare NNP International NNP Airport NNP in IN Chicago NNP and CC National NNP Airport NNP in IN Washington NNP . . 
12 -- : Increases NNS in IN Nuclear NNP Regulatory NNP Commission NNP fees NNS totaling VBG $ $ 54 CD million CD . . 
19 -- : Direction NN to TO the DT U.S. NNP Coast NNP Guard NNP to TO collect VB $ $ 50 CD million CD from IN users NNS of IN Coast NNP Guard NNP services NNS . . 
32 -- : Raising VBG an DT additional JJ $ $ 43 CD million CD by IN increasing VBG existing JJ Federal NNP Communications NNP Commission NNP fees NNS and CC penalties NNS and CC establishing VBG new JJ fees NNS for IN amateur JJ radio NN operators NNS , , ship NN stations NNS and CC mobile JJ radio NN facilities NNS . . 
8 John NNP E. NNP Yang NNP contributed VBD to TO this DT article NN . . 
33 In IN response NN to TO your PRP$ overly RB optimistic JJ , , outdated JJ piece NN on IN how WRB long RB unemployment NN lasts VBZ -LRB- -LRB- People NNS Patterns NNS , , Sept. NNP 20 CD -RRB- -RRB- : : I PRP am VBP in IN the DT communications NN field NN , , above IN entry NN level NN . . 
23 I PRP was VBD laid VBN off RP in IN August NNP 1988 CD , , and CC after IN a DT thorough JJ and CC exhausting JJ job NN search NN , , was VBD hired VBN in IN August NNP 1989 CD . . 
20 My PRP$ unemployment NN insurance NN ran VBD out RP before IN I PRP found VBD a DT job NN ; : I PRP found VBD cutbacks NNS and CC layoffs NNS in IN many JJ companies NNS . . 
40 The DT statistics NNS quoted VBN by IN the DT `` `` new JJ '' '' Census NNP Bureau NNP report NN -LRB- -LRB- garnered VBN from IN 1984 CD to TO 1986 CD -RRB- -RRB- are VBP out IN of IN date NN , , certainly RB as IN an DT average NN for IN the DT Northeast NNP , , and CC possibly RB for IN the DT rest NN of IN the DT country NN . . 
49 I PRP think VBP what WP bothered VBD me PRP most RBS about IN the DT piece NN was VBD that IN there EX seemed VBD to TO be VB an DT underlying JJ attitude NN to TO tell VB your PRP$ readers NNS all DT is VBZ well JJ -- : if IN you PRP 're VBP getting VBG laid VBN off RP do VBP n't RB worry VB , , and CC if IN you PRP 're VBP unemployed JJ , , it PRP 's VBZ a DT seller NN 's POS market NN . . 
25 To TO top VB it PRP off RP , , you PRP captioned VBD the DT graph NN showing VBG the DT average JJ number NN of IN months NNS in IN a DT job NN search NN as IN `` `` Time NN Off RP . . '' '' 
4 Are VBP you PRP kidding VBG ? . 
21 Looking VBG for IN a DT job NN was VBD one CD of IN the DT most RBS anxious JJ periods NNS of IN my PRP$ life NN -- : and CC is VBZ for IN most JJS people NNS . . 
8 Your PRP$ paper NN needs VBZ a DT serious JJ reality NN check NN . . 
2 Reva NNP Levin NNP 
4 Cambridge NNP , , Mass NNP . . 
16 BULL NNP HN NNP INFORMATION NNP SYSTEMS NNP Inc. NNP is VBZ a DT U.S. NNP majority-owned JJ unit NN of IN Cie. NNP des NNP Machines NNP Bull NNP . . 
13 In IN Friday NNP 's POS edition NN , , the DT name NN of IN the DT unit NN was VBD misstated VBN . . 
36 Moody NNP 's POS Investors NNP Service NNP said VBD it PRP reduced VBD its PRP$ rating NN on IN $ $ 165 CD million CD of IN subordinated JJ debt NN of IN this DT Beverly NNP Hills NNP , , Calif. NNP , , thrift NN , , citing VBG turmoil NN in IN the DT market NN for IN low-grade JJ , , high-yield JJ securities NNS . . 
29 The DT agency NN said VBD it PRP reduced VBD its PRP$ rating NN on IN the DT thrift NN 's POS subordinated JJ debt NN to TO B-2 JJ from IN Ba-2 JJ and CC will MD keep VB the DT debt NN under IN review NN for IN possible JJ further JJ downgrade NN . . 
11 Columbia NNP Savings NNP is VBZ a DT major JJ holder NN of IN so-called JJ junk NN bonds NNS . . 
19 New JJ federal JJ legislation NN requires VBZ that IN all DT thrifts NNS divest VBP themselves PRP of IN such JJ speculative JJ securities NNS over IN a DT period NN of IN years NNS . . 
12 Columbia NNP Savings NNP officials NNS were VBD n't RB available JJ for IN comment NN on IN the DT downgrade NN . . 
9 FRANKLIN NNP SAVINGS NNP ASSOCIATION NNP -LRB- -LRB- Ottawa NNP , , Kan. NNP -RRB- -RRB- -- : 
28 Moody NNP 's POS Investors NNP Service NNP Inc. NNP said VBD it PRP downgraded VBD its PRP$ rating NN to TO B-2 JJ from IN Ba-3 JJ on IN less JJR than IN $ $ 20 CD million CD of IN this DT thrift NN 's POS senior JJ subordinated JJ notes NNS . . 
38 The DT rating NN concern NN said VBD Franklin NNP 's POS `` `` troubled JJ diversification NN record NN in IN the DT securities NNS business NN '' '' was VBD one CD reason NN for IN the DT downgrade NN , , citing VBG the DT troubles NNS at IN its PRP$ L.F. NNP Rothschild NNP subsidiary NN and CC the DT possible JJ sale NN of IN other JJ subsidiaries NNS . . 
22 `` `` They PRP perhaps RB had VBD concern NN that IN we PRP were VBD getting VBG out IN of IN all PDT these DT , , '' '' said VBD Franklin NNP President NNP Duane NNP H. NNP Hall NNP . . 
12 `` `` I PRP think VBP it PRP was VBD a DT little JJ premature JJ on IN their PRP$ part NN . . 
20 Just RB when WRB it PRP seemed VBD safe JJ to TO go VB back RB into IN stocks NNS , , Wall NNP Street NNP suffered VBD another DT severe JJ attack NN of IN nerves NNS . . 
9 Does VBZ this DT signal VB another DT Black NNP Monday NNP is VBZ coming VBG ? . 
21 Or CC is VBZ this DT an DT extraordinary JJ buying NN opportunity NN , , just RB like IN Oct. NNP 19 CD , , 1987 CD , , eventually RB turned VBD out RP to TO be VB ? . 
25 Here RB 's VBZ what WP several JJ leading JJ market NN experts NNS and CC money NN managers NNS say VBP about IN Friday NNP 's POS action NN , , what WP happens VBZ next RB and CC what WP investors NNS should MD do VB . . 
3 Joseph NNP Granville NNP . . 
40 `` `` I PRP 'm VBP the DT only JJ one CD who WP said VBD there EX would MD be VB an DT October NNP massacre NN , , all RB through IN late JJ August NNP and CC September NNP , , '' '' says VBZ Mr. NNP Granville NNP , , once RB a DT widely RB followed VBN market NN guru NN and CC still RB a DT well-known JJ newsletter NN writer NN . . 
17 `` `` Everyone NN will MD tell VB you PRP that IN this DT time NN is VBZ different JJ from IN 1987 CD , , '' '' he PRP says VBZ . . 
18 `` `` Well RB , , in IN some DT ways NNS it PRP is VBZ different JJ , , but CC technically RB it PRP is VBZ just RB the DT same JJ . . 
11 If IN you PRP 're VBP a DT technician NN , , you PRP obey VBP the DT signals NNS . . 
15 Right RB now RB they PRP 're VBP telling VBG me PRP to TO get VB the DT hell NN out RP and CC stay VB out RB . . 
8 I PRP see VBP no DT major JJ support NN until IN 2200 CD . . 
12 I PRP see VBP a DT possibility NN of IN going VBG to TO 2200 CD this DT month NN . . '' '' 
30 Mr. NNP Granville NNP says VBZ he PRP would MD n't RB even RB think VB of IN buying VBG until IN at IN least JJS 600 CD to TO 700 CD stocks NNS have VBP hit VBN 52-week JJ lows NNS ; : about RB 100 CD stocks NNS hit VBD new JJ lows NNS Friday NNP . . 
20 `` `` Most JJS people NNS , , '' '' he PRP says VBZ , , `` `` have VBP no DT idea NN what WP a DT massacre NN pattern NN looks VBZ like IN . . '' '' 
3 Elaine NNP Garzarelli NNP . . 
27 A DT quantitative JJ analyst NN with IN Shearson NNP Lehman NNP Hutton NNP Inc. NNP , , Ms. NNP Garzarelli NNP had VBD warned VBN clients NNS to TO take VB their PRP$ money NN out IN of IN the DT market NN before IN the DT 1987 CD crash NN . . 
14 Friday NNP 's POS big JJ drop NN , , she PRP says VBZ , , `` `` was VBD not RB a DT crash NN . . 
15 This DT was VBD an DT October NNP massacre NN '' '' like IN those DT that WDT occurred VBD in IN 1978 CD and CC 1979 CD . . 
15 Now RB , , as IN in IN those DT two CD years NNS , , her PRP$ stock NN market NN indicators NNS are VBP positive JJ . . 
11 So IN she PRP thinks VBZ the DT damage NN will MD be VB short-lived JJ and CC contained JJ . . 
20 `` `` Those DT corrections NNS lasted VBD one CD to TO four CD weeks NNS and CC took VBD the DT market NN 10%-12 CD % NN down RB , , '' '' she PRP says VBZ . . 
16 `` `` This DT is VBZ exactly RB the DT same JJ thing NN , , as RB far RB as IN I PRP 'm VBP concerned VBN . . '' '' 
23 Thus RB , , she PRP says VBZ , , if IN the DT Dow NNP Jones NNP Industrial NNP Average NNP dropped VBD below IN 2450 CD , , `` `` It PRP would MD just RB be VB a DT fluke NN . . 
7 My PRP$ advice NN is VBZ to TO buy VB . . '' '' 
18 As IN she PRP calculates VBZ it PRP , , the DT average JJ stock NN now RB sells VBZ for IN about RB 12.5 CD times NNS companies NNS ' POS earnings NNS . . 
26 She PRP says VBZ that DT ratio NN could MD climb VB to TO 14.5 CD , , given VBN current JJ interest NN rates NNS , , and CC still RB be VB within IN the DT range NN of IN `` `` fair JJ value NN . . '' '' 
3 Ned NNP Davis NNP . . 
22 Friday NNP 's POS fall NN marks VBZ the DT start NN of IN a DT bear NN market NN , , says VBZ Mr. NNP Davis NNP , , president NN of IN Ned NNP Davis NNP Research NNP Inc NNP . . 
20 But CC Mr. NNP Davis NNP , , whose WP$ views NNS are VBP widely RB respected VBN by IN money NN managers NNS , , says VBZ he PRP expects VBZ no DT 1987-style JJ crash NN . . 
13 `` `` There EX was VBD a DT unique JJ combination NN in IN 1987 CD , , '' '' he PRP says VBZ . . 
9 `` `` Margin NN debt NN was VBD at IN a DT record JJ high NN . . 
10 There EX was VBD tremendous JJ public JJ enthusiasm NN for IN stock NN mutual JJ funds NNS . . 
21 The DT main JJ thing NN was VBD portfolio NN insurance NN , , '' '' a DT mechanical JJ trading NN system NN intended VBN to TO protect VB an DT investor NN against IN losses NNS . . `` `` 
12 A DT hundred CD billion CD dollars NNS in IN stock NN was VBD subject JJ '' '' to TO it PRP . . 
11 In IN 1987 CD , , such JJ selling NN contributed VBD to TO a DT snowball NN effect NN . . 
23 Today NN could MD even RB be VB an DT up JJ day NN , , Mr. NNP Davis NNP says VBZ , , if IN major JJ brokerage NN firms NNS agree VBP to TO refrain VB from IN program NN trading NN . . 
14 Over IN the DT next JJ several JJ months NNS , , though RB , , he PRP says VBZ things NNS look VBP bad JJ . . 
16 `` `` I PRP think VBP the DT market NN will MD be VB heading VBG down RB into IN November NNP , , '' '' he PRP says VBZ . . 
15 `` `` We PRP will MD probably RB have VB a DT year-end JJ rally NN , , and CC then RB go VB down RB again RB . . 
8 Sort NN of IN a DT two-step JJ bear NN market NN . . '' '' 
19 He PRP expects VBZ the DT downturn NN to TO carry VB the DT Dow NNP Jones NNP Industrial NNP Average NNP down RB to TO around IN 2000 CD sometime RB next JJ year NN . . 
13 `` `` That DT would MD be VB a DT normal JJ bear NN market NN , , '' '' he PRP says VBZ . . 
9 `` `` I PRP guess VBP that IN 's POS my PRP$ forecast NN . . '' '' 
4 Leon NNP G. NNP Cooperman NNP . . 
14 `` `` I PRP do VBP n't RB think VB the DT market NN is VBZ going VBG through IN another DT October NNP '87 CD . . 
32 I PRP do VBP n't RB think VB that DT 's VBZ the DT case NN at IN all DT , , '' '' says VBZ Mr. NNP Cooperman NNP , , a DT partner NN at IN Goldman NNP , , Sachs NNP & CC Co. NNP and CC chairman NN of IN Goldman NNP Sachs NNP Asset NNP Management NNP . . 
25 Mr. NNP Cooperman NNP sees VBZ this DT as IN a DT good JJ time NN to TO pick VB up RP bargains NNS , , but CC he PRP does VBZ n't RB think VB there EX 's VBZ any DT need NN to TO rush VB . . 
19 `` `` I PRP expect VBP the DT market NN to TO open VB weaker JJR Monday NNP , , but CC then RB it PRP should MD find VB some DT stability NN . . '' '' 
13 He PRP ticks VBZ off RP several JJ major JJ differences NNS between IN now RB and CC two CD years NNS ago RB . . 
11 Unlike IN 1987 CD , , interest NN rates NNS have VBP been VBN falling VBG this DT year NN . . 
9 Unlike IN 1987 CD , , the DT dollar NN has VBZ been VBN strong JJ . . 
17 And CC unlike IN 1987 CD , , the DT economy NN does VBZ n't RB appear VB to TO be VB in IN any DT danger NN of IN overheating VBG . . 
24 But CC the DT economy NN 's POS slower JJR growth NN this DT year NN also RB means VBZ the DT outlook NN for IN corporate JJ profits NNS `` `` is VBZ n't RB good JJ , , '' '' he PRP says VBZ . . 
10 `` `` So IN it PRP 's VBZ a DT very RB mixed JJ bag NN . . '' '' 
20 Thus RB , , he PRP concludes VBZ , , `` `` This DT is VBZ not RB a DT good JJ environment NN to TO be VB fully RB invested VBN '' '' in IN stocks NNS . . 
25 `` `` If IN I PRP had VBD come VBN into IN Friday NNP on IN margin NN or CC with IN very RB little JJ cash NN in IN the DT portfolios NNS , , I PRP would MD not RB do VB any DT buying NN . . 
26 But CC we PRP came VBD into IN Friday NNP with IN a DT conservative JJ portfolio NN , , so IN I PRP would MD look VB to TO do VB some DT modest JJ buying NN '' '' on IN behalf NN of IN clients NNS . . `` `` 
17 We PRP 're VBP going VBG to TO look VB for IN some DT of IN the DT better-known JJ companies NNS that WDT got VBD clocked VBN '' '' Friday NNP . . 
4 John NNP Kenneth NNP Galbraith NNP . . 
25 `` `` This DT is VBZ the DT latest JJS manifestation NN of IN the DT capacity NN of IN the DT financial JJ community NN for IN recurrent JJ insanity NN , , '' '' says VBZ Mr. NNP Galbraith NNP , , an DT economist NN . . 
18 `` `` I PRP see VBP this DT as IN a DT reaction NN to TO the DT whole JJ junk NN bond NN explosion NN , , '' '' he PRP says VBZ . . 
42 `` `` The DT explosion NN of IN junk NN bonds NNS and CC takeovers NNS has VBZ lodged VBN a DT lot NN of IN insecure JJ securities NNS in IN the DT hands NNS of IN investors NNS and CC loaded VBD the DT corporations NNS that WDT are VBP the DT objects NNS of IN takeovers NNS or CC feared JJ takeovers NNS with IN huge JJ amounts NNS of IN debt NN rather RB than IN equity NN . . 
13 This DT has VBZ both CC made VBN investors NNS uneasy JJ and CC the DT corporations NNS more RBR vulnerable JJ . . '' '' 
11 Nevertheless RB , , he PRP says VBZ a DT depression NN does VBZ n't RB appear VB likely JJ . . 
19 `` `` There EX is VBZ more JJR resiliency NN in IN the DT economy NN at IN large JJ than IN we PRP commonly RB suppose VBP , , '' '' he PRP says VBZ . . 
29 `` `` It PRP takes VBZ more JJR error NN now RB to TO have VB a DT major JJ depression NN than IN back RB in IN the DT Thirties NNS -- : much RB as IN the DT financial JJ community NN and CC the DT government NN may MD try VB . . '' '' 
3 Mario NNP Gabelli NNP . . 
22 New NNP York NNP money NN manager NN Mario NNP Gabelli NNP , , an DT expert NN at IN spotting VBG takeover NN candidates NNS , , says VBZ that IN takeovers NNS are VBP n't RB totally RB gone VBN . . 
16 `` `` Companies NNS are VBP still RB going VBG to TO buy VB companies NNS around IN the DT world NN , , '' '' he PRP says VBZ . . 
15 Examples NNS are VBP `` `` Ford NNP looking VBG at IN Jaguar NNP , , BellSouth NNP looking VBG at IN LIN NNP Broadcasting NNP . . '' '' 
25 These DT sorts NNS of IN takeovers NNS do VBP n't RB require VB junk NN bonds NNS or CC big JJ bank NN loans NNS to TO finance VB them PRP , , so IN Mr. NNP Gabelli NNP figures NNS they PRP will MD continue VB . . 
28 `` `` The DT market NN was VBD up RB 35 CD % NN since IN -LCB- -LRB- President NNP -RCB- -RRB- Bush NNP took VBD office NN , , '' '' Mr. NNP Gabelli NNP says VBZ , , so IN a DT correction NN was VBD to TO be VB expected VBN . . 
24 He PRP thinks VBZ another DT crash NN is VBZ `` `` unlikely JJ , , '' '' and CC says VBZ he PRP was VBD `` `` nibbling VBG at IN '' '' selected JJ stocks NNS during IN Friday NNP 's POS plunge NN . . 
28 `` `` Stocks NNS that WDT were VBD thrown VBN out RP just RB on IN an DT emotional JJ basis NN are VBP a DT great JJ opportunity NN -LCB- -LRB- this DT -RCB- -RRB- week NN for IN guys NNS like IN me PRP , , '' '' he PRP says VBZ . . 
3 Jim NNP Rogers NNP . . 
46 `` `` It PRP seems VBZ to TO me PRP that IN this DT is VBZ the DT pin NN that WDT has VBZ finally RB pricked VBN the DT balloon NN , , '' '' says VBZ Mr. NNP Rogers NNP , , a DT professor NN of IN finance NN at IN Columbia NNP University NNP and CC former JJ co-manager NN of IN one CD of IN the DT most RBS successful JJ hedge NN funds NNS in IN history NN , , Quantum NNP Fund NNP . . 
23 He PRP sees VBZ `` `` economic JJ problems NNS , , financial JJ problems NNS '' '' ahead RB for IN the DT U.S. NNP , , with IN a DT fairly RB strong JJ possibility NN of IN a DT recession NN . . 
12 `` `` Friday NNP you PRP could MD n't RB sell VB dollars NNS , , '' '' he PRP says VBZ . . 
17 Dealers NNS `` `` would MD give VB you PRP a DT quote NN , , but CC then RB refuse VB to TO make VB the DT trade NN . . '' '' 
34 If IN the DT dollar NN stays VBZ weak JJ , , he PRP says VBZ , , that WDT will MD add VB to TO inflationary JJ pressures NNS in IN the DT U.S. NNP and CC make VB it PRP hard JJ for IN the DT Federal NNP Reserve NNP Board NNP to TO ease VB interest NN rates NNS very RB much RB . . 
20 Mr. NNP Rogers NNP wo MD n't RB decide VB what WP to TO do VB today NN until IN he PRP sees VBZ how WRB the DT London NNP and CC Tokyo NNP markets NNS go VBP . . 
29 He PRP recommends VBZ that IN investors NNS sell VB takeover-related JJ stocks NNS , , but CC hang VB on RP to TO some DT other JJ stocks NNS -- : especially RB utilities NNS , , which WDT often RB do VBP well RB during IN periods NNS of IN economic JJ weakness NN . . 
3 Frank NNP Curzio NNP . . 
11 Many JJ people NNS now RB claim VBP to TO have VB predicted VBN the DT 1987 CD crash NN . . 
34 Queens NNP newsletter NN writer NN Francis NNP X. NNP Curzio NNP actually RB did VBD it PRP : : He PRP stated VBD in IN writing NN in IN September NNP 1987 CD that IN the DT Dow NNP Jones NNP Industrial NNP Average NNP was VBD likely JJ to TO decline VB about RB 500 CD points NNS the DT following JJ month NN . . 
17 Mr. NNP Curzio NNP says VBZ what WP happens VBZ now RB will MD depend VB a DT good JJ deal NN on IN the DT Federal NNP Reserve NNP Board NNP . . 
25 If IN it PRP promptly RB cuts VBZ the DT discount NN rate NN it PRP charges VBZ on IN loans NNS to TO banks NNS , , he PRP says VBZ , , `` `` That DT could MD quiet VB things NNS down RP . . '' '' 
13 If IN not RB , , `` `` We PRP could MD go VB to TO 2200 CD very RB soon RB . . '' '' 
4 Frank NNP W. NNP Terrizzi NNP . . 
36 Stock NN prices NNS `` `` would MD still RB have VB to TO go VB down RB some DT additional JJ amount NN before IN we PRP become VBP positive JJ on IN stocks NNS , , '' '' says VBZ Mr. NNP Terrizzi NNP , , president NN and CC managing VBG director NN of IN Renaissance NNP Investment NNP Management NNP Inc. NNP in IN Cincinnati NNP . . 
38 Renaissance NNP , , which WDT manages VBZ about RB $ $ 1.8 CD billion CD , , drew VBD stiff JJ criticism NN from IN many JJ clients NNS earlier RBR this DT year NN because IN it PRP pulled VBD entirely RB out IN of IN stocks NNS at IN the DT beginning NN of IN the DT year NN and CC thus RB missed VBD a DT strong JJ rally NN . . 
15 Renaissance NNP is VBZ keeping VBG its PRP$ money NN entirely RB in IN cash NN equivalents NNS , , primarily RB U.S. NNP Treasury NNP bills NNS . . 
14 `` `` T-bills NNS probably RB are VBP the DT right JJ place NN to TO be VB , , '' '' he PRP says VBZ . . 
25 Regarding VBG the DT Oct. NNP 3 CD letter NN to TO the DT editor NN from IN Rep. NNP Tom NNP Lantos NNP , , chairman NN of IN the DT House NNP Subcommittee NNP on IN Employment NNP and CC Housing NNP , , alleging VBG : : 
18 1 LS . . That IN your PRP$ Sept. NNP 28 CD editorial NN `` `` Kangaroo NN Committees NNS '' '' was VBD factually RB inaccurate JJ and CC deliberately RB misleading JJ . . 
11 I PRP thought VBD your PRP$ editorial NN was VBD factually RB accurate JJ and CC deliberately RB elucidative JJ . . 
17 2 LS . . That IN Mr. NNP Lantos NNP supported VBD the DT rights NNS of IN the DT witnesses NNS to TO take VB the DT Fifth NNP Amendment NNP . . 
5 Yes UH , , he PRP did VBD . . 
30 As IN I PRP watched VBD him PRP on IN C-Span NNP , , I PRP heard VBD him PRP speak VB those DT lovely JJ words NNS about IN the DT Bill NNP of IN Rights NNPS , , which WDT he PRP quotes VBZ from IN the DT transcript NN of IN the DT hearings NNS . . 
18 He PRP did VBD repeat VB those DT nice JJ platitudes NNS several JJ times NNS as IN an DT indication NN of IN his PRP$ support NN for IN the DT Constitution NNP . . 
12 He PRP used VBD about RB 56 CD words NNS defending VBG the DT witnesses NNS ' POS constitutional JJ rights NNS . . 
23 Unfortunately RB , , by IN my PRP$ rough JJ guess NN , , he PRP used VBD better JJR than IN 5,000 CD words NNS heaping VBG scorn NN on IN the DT witnesses NNS for IN exercising VBG the DT Fifth NNP . . 
14 He PRP sandwiched VBD his PRP$ praise NN of IN constitutional JJ meat NN between IN large JJ loaves NNS of IN bilious JJ commentary NN . . 
38 As IN your PRP$ editorial NN rightly RB pointed VBD out RP , , Samuel NNP Pierce NNP , , former JJ HUD NNP secretary NN , , and CC Lance NNP Wilson NNP , , Mr. NNP Pierce NNP 's POS former JJ aide NN , , `` `` are VBP currently RB being VBG held VBD up RB to TO scorn NN for IN taking VBG the DT Fifth NNP Amendment NNP . . 
16 '' '' That DT certainly RB is VBZ not RB the DT supposed JJ `` `` distorted JJ reading NN '' '' indicated VBN by IN Mr. NNP Lantos NNP . . 
17 3 LS . . That IN his PRP$ `` `` committee NN does VBZ not RB deal VB with IN any DT possible JJ criminal JJ activity NN at IN HUD NNP . . 
15 My PRP$ colleagues NNS and CC I PRP fully RB realize VBP we PRP are VBP not RB a DT court NN ... : etc FW . . '' '' 
3 Absolute JJ rubbish NN . . 
23 By IN any DT `` `` reasonable JJ man NN '' '' criterion NN , , Mr. NNP Lantos NNP and CC his PRP$ colleagues NNS have VBP a DT whole JJ bunch NN of IN people NNS tried VBN and CC convicted VBN . . 
7 Apparently RB , , their PRP$ verdict NN is VBZ in RB . . 
7 Right RB now RB they PRP 're VBP pursuing VBG evidence NN . . 
17 That DT 's VBZ not RB a DT bad JJ way NN to TO proceed VB , , just RB somewhat RB different JJ from IN standard JJ American JJ practice NN . . 
12 How WRB was VBD that DT practice NN referred VBN to TO when WRB I PRP was VBD in IN school NN ? . 
10 Ah UH , , yes UH , , something NN called VBN a DT Star NNP Chamber NNP . . 
17 Of IN course NN , , Mr. NNP Lantos NNP doth VBZ protest NN that IN his PRP$ subcommittee NN simply RB seeks VBZ information NN for IN legislative JJ change NN . . 
7 No DT doubt NN that WDT 's VBZ partially RB true JJ . . 
12 Everything NN that IN Mr. NNP Lantos NNP says VBZ in IN his PRP$ letter NN is VBZ partially RB true JJ . . 
19 He PRP 's VBZ right JJ about IN his PRP$ subcommittee NN 's POS responsibilities NNS when WRB it PRP comes VBZ to TO obtaining VBG information NN from IN prior JJ HUD NNP officials NNS . . 
21 But CC if IN his PRP$ explanation NN of IN motivation NN is VBZ true JJ , , why WRB is VBZ his PRP$ investigation NN so RB oriented VBN as IN to TO identify VB criminal JJ activity NN ? . 
15 Why WRB not RB simply RB questions NNS designed VBN to TO identify VB sources NNS and CC causes NNS of IN waste NN and CC inefficiency NN ? . 
21 Such JJ as IN , , what WP happened VBD when WRB Congress NNP wanted VBD to TO know VB about RB $ $ 400 CD toilet NN seats NNS or CC whatever WDT they PRP supposedly RB cost VBD ? . 
11 No RB , , Mr. NNP Lantos NNP 's POS complaints NNS simply RB wo MD n't RB wash VB . . 
39 4 LS . . That IN the DT Journal NNP defends VBZ `` `` the DT sleaze NN , , fraud NN , , waste NN , , embezzlement NN , , influence-peddling NN and CC abuse NN of IN the DT public NN that WDT took VBD place NN while IN Mr. NNP Pierce NNP was VBD secretary NN of IN HUD NNP , , '' '' etc. FW and CC so RB forth RB . . 
29 No UH , , to TO my PRP$ mind NN , , the DT Journal NNP did VBD not RB `` `` defend VB sleaze NN , , fraud NN , , waste NN , , embezzlement NN , , influence-peddling NN and CC abuse NN of IN the DT public JJ trust NN ... : '' '' 
10 it PRP defended VBD appropriate JJ constitutional JJ safeguards NNS and CC practical JJ common JJ sense NN . . 
49 The DT problem NN , , which WDT the DT Journal NNP so RB rightly RB pointed VBN out RP in IN a DT number NN of IN articles NNS , , is VBZ not RB the DT likes NNS of IN Mr. NNP Lantos NNP , , who WP after IN all DT is VBZ really RB a DT bit JJ player NN on IN the DT stage NN , , but CC the DT attempt NN by IN Congress NNP to TO enhance VB itself PRP into IN a DT quasi-parliamentary\/judicial JJ body NN . . 
17 -LRB- -LRB- Of IN course NN , , we PRP 've VBP also RB got VBN a DT judiciary NN that WDT seeks VBZ the DT same JJ objective NN . . -RRB- -RRB- 
11 The DT system NN is VBZ the DT problem NN , , not RB an DT individual JJ member NN . . 
8 Individuals NNS can MD always RB have VB their PRP$ hands NNS slapped VBN . . 
14 It PRP 's POS when WRB such JJ slapping NN does VBZ n't RB occur VB that IN we PRP 've VBP got VBN trouble NN . . 
10 I PRP do VBP not RB by IN any DT means NNS defend VB HUD NNP management NN . . 
41 But CC I PRP think VBP the DT kind NN of IN congressional JJ investigation NN that WDT has VBZ been VBN pursued VBN is VBZ a DT far RB greater JJR danger NN to TO American JJ notions NNS of IN liberty NN and CC freedom NN than IN any DT incompetency NN -LRB- -LRB- and CC , , yes UH , , maybe RB criminality NN -RRB- -RRB- within IN HUD NNP could MD possibly RB generate VB . . 
21 The DT last JJ time NN I PRP saw VBD a DT similar JJ congressional JJ hearing NN was VBD when WRB `` `` Tail NNP Gunner NNP Joe NNP '' '' McCarthy NNP did VBD his PRP$ work NN . . 
2 Raymond NNP Weber NNP 
4 Parsippany NNP , , N.J NNP . . 
32 I PRP disagree VBP with IN the DT statement NN by IN Mr. NNP Lantos NNP that IN one PRP should MD not RB draw VB an DT adverse JJ inference NN against IN former JJ HUD NNP officials NNS who WP assert VBP their PRP$ Fifth NNP Amendment NNP privilege NN against IN self-incrimination NN in IN congressional JJ hearings NNS . . 
28 The DT Fifth NNP Amendment NNP states VBZ in IN relevant JJ part NN that IN no DT person NN `` `` shall MD be VB compelled VBN , , in IN any DT criminal JJ case NN , , to TO be VB a DT witness NN against IN himself PRP . . '' '' 
21 This DT privilege NN against IN self-incrimination NN precludes VBZ the DT drawing NN of IN an DT adverse JJ inference NN against IN a DT criminal JJ defendant NN who WP chooses VBZ not RB to TO testify VB . . 
43 Thus RB , , in IN a DT criminal JJ case NN , , a DT prosecutor NN can MD not RB comment VB on IN a DT defendant NN 's POS failure NN to TO testify VB nor CC can MD the DT defendant NN be VB compelled VBN to TO take VB the DT stand NN as IN a DT witness NN , , thus RB forcing VBG him PRP to TO `` `` take VB the DT Fifth NNP . . '' '' 
23 The DT privilege NN , , however RB , , has VBZ been VBN limited VBN in IN accordance NN with IN its PRP$ plain JJ language NN to TO protect VB the DT defendant NN in IN criminal JJ matters NNS only RB . . 
33 The DT Supreme NNP Court NNP and CC some DT states NNS have VBP specifically RB recognized VBN that IN `` `` the DT Fifth NNP Amendment NNP does VBZ not RB preclude VB the DT inference NN where WRB the DT privilege NN is VBZ claimed VBN by IN a DT party NN to TO a DT civil JJ cause NN . . '' '' 
11 Baxter NNP v. IN Palmingiano NNP , , 425 CD U.S. NNP 308 CD -LRB- -LRB- 1976 CD -RRB- -RRB- . . 
48 Thus RB , , in IN a DT civil JJ case NN , , a DT defendant NN may MD be VB called VBN as IN a DT witness NN , , he PRP may MD be VB forced VBN to TO testify VB or CC take VB the DT Fifth NNP , , and CC his PRP$ taking NN of IN the DT Fifth NNP may MD permit VB the DT drawing NN of IN an DT adverse JJ inference NN against IN him PRP in IN the DT civil JJ matter NN . . 
29 He PRP may MD take VB the DT Fifth NNP in IN a DT civil JJ matter NN only RB if IN he PRP has VBZ a DT good JJ faith NN and CC justifiable JJ belief NN that IN his PRP$ testimony NN may MD subject VB him PRP to TO criminal JJ prosecution NN . . 
53 Allowing VBG the DT defendant NN to TO take VB the DT Fifth NNP in IN a DT civil JJ matter NN is VBZ not RB based VBN on IN a DT constitutional JJ right NN to TO refuse VB to TO testify VB where WRB one PRP 's POS testimony NN harms VBZ him PRP in IN the DT civil JJ matter NN , , but CC because IN the DT testimony NN in IN the DT civil JJ matter NN could MD be VB unconstitutionally RB used VBN against IN him PRP in IN a DT subsequent JJ criminal JJ prosecution NN . . 
16 Absent JJ the DT risk NN of IN such JJ prosecution NN , , a DT court NN may MD order VB the DT defendant NN to TO testify VB . . 
48 Thus RB , , when WRB Mr. NNP Pierce NNP asserted VBD the DT Fifth NNP in IN a DT noncriminal JJ proceeding NN , , particularly RB after IN presumably RB receiving VBG extensive JJ advice NN from IN legal JJ counsel NN , , one PRP must MD conclude VB that IN he PRP held VBD a DT good-faith NN , , justifiable JJ belief NN that IN his PRP$ testimony NN could MD be VB used VBN against IN him PRP in IN a DT subsequent JJ criminal JJ prosecution NN . . 
36 The DT subcommittee NN , , Congress NNP and CC the DT American JJ public NN have VBP every DT right NN to TO draw VB the DT adverse JJ inference NN and CC to TO concur VB with IN Mr. NNP Pierce NNP 's POS own JJ belief NN that IN his PRP$ testimony NN could MD help VB convict VB him PRP of IN a DT crime NN . . 
19 Drawing VBG the DT adverse JJ inference NN in IN a DT noncriminal JJ congressional JJ hearing NN does VBZ not RB offend VB the DT Fifth NNP Amendment NNP shield NN against IN self-incrimination NN . . 
5 Clark NNP S. NNP Spalsbury NNP Jr NNP . . 
5 Estes NNP Park NNP , , Colo NNP . . 
15 It PRP was VBD Friday NNP the DT 13th NNP , , and CC the DT stock NN market NN plummeted VBD nearly RB 200 CD points NNS . . 
4 Just RB a DT coincidence NN ? . 
12 Or CC is VBZ triskaidekaphobia NN -- : fear NN of IN the DT number NN 13 CD -- : justified VBN ? . 
20 In IN academia NN , , a DT so-called JJ Friday NNP the DT 13th NNP effect NN has VBZ been VBN set VBN up RP and CC shot VBD down RP by IN different JJ professors NNS . . 
27 Robert NNP Kolb NNP and CC Ricardo NNP Rodriguez NNP , , professors NNS of IN finance NN at IN the DT University NNP of IN Miami NNP , , found VBD evidence NN that IN the DT market NN is VBZ spooked VBN by IN Friday NNP the DT 13th NNP . . 
24 But CC their PRP$ study NN , , which WDT spanned VBD the DT 1962-85 CD period NN , , has VBZ since RB been VBN shown VBN to TO be VB jinxed VBN by IN an DT unlucky JJ choice NN of IN data NNS . . 
18 In IN the DT '70s NNS , , the DT market NN took VBD falls NNS nine CD times NNS in IN a DT row NN on IN Friday NNP the DT you-know-what NN . . 
28 But CC the DT date NN tends VBZ to TO be VB a DT plus NN , , not RB a DT minus NN , , for IN stocks NNS , , according VBG to TO Yale NNP Hirsch NNP , , a DT collector NN of IN stock NN market NN lore NN . . 
36 Another DT study NN found VBD that IN the DT 82 CD Fridays NNP the DT 13th JJ in IN the DT 1940-1987 CD period NN had VBD higher JJR than IN average JJ returns NNS -- : higher JJR even RB than IN Fridays NNPS in IN general JJ , , which WDT tend VBP to TO be VB strong JJ days NNS for IN stock NN prices NNS . . 
20 On IN the DT only JJ other JJ Friday NNP the DT 13th NNP this DT year NN , , the DT Dow NNP Jones NNP Industrial NNP Average NNP rose VBD about RB four CD points NNS . . 
19 Professor NNP Kolb NNP says VBZ the DT original JJ study NN , , titled VBN Friday NNP the DT 13th NNP , , Part NNP VII NNP , , was VBD published VBN tongue-in-cheek RB . . 
33 In IN a DT similar JJ vein NN , , he PRP adds VBZ that IN the DT anniversary NN of IN the DT 1987 CD crash NN and CC Saturday NNP 's POS full JJ moon NN could MD have VB played VBN a DT part NN , , too RB , , in IN Friday NNP 's POS market NN activity NN . . 
30 reminiscent JJ of IN those DT during IN the DT 1987 CD crash NN -- : that IN as IN stock NN prices NNS plummeted VBD and CC trading NN activity NN escalated VBD , , some DT phone NN calls NNS to TO market NN makers NNS in IN over-the-counter JJ stocks NNS went VBD unanswered JJ . . 
28 `` `` We PRP could MD n't RB get VB dealers NNS to TO answer VB their PRP$ phones NNS , , '' '' said VBD Robert NNP King NNP , , senior JJ vice NN president NN of IN OTC NNP trading NN at IN Robinson-Humphrey NNP Co. NNP in IN Atlanta NNP . . 
16 `` `` It PRP was VBD -LCB- -LRB- like IN -RCB- -RRB- the DT Friday NNP before IN Black NNP Monday NNP '' '' two CD years NNS ago RB . . 
25 Whether IN unanswered JJ phone NN calls NNS had VBD any DT effect NN or CC not RB , , Nasdaq NNP stocks NNS sank VBD far RB less RBR than IN those DT on IN the DT New NNP York NNP and CC American NNP exchanges NNS . . 
30 Nonetheless RB , , the DT Nasdaq NNP Composite NNP Index NNP suffered VBD its PRP$ biggest JJS point NN decline NN of IN the DT year NN and CC its PRP$ sixth JJ worst JJS ever RB , , diving VBG 14.90 CD , , or CC 3 CD % NN , , to TO 467.29 CD . . 
14 Ten CD points NNS of IN the DT drop NN occurred VBD during IN the DT last JJ 45 CD minutes NNS of IN trading VBG . . 
23 By IN comparison NN , , the DT New NNP York NNP Stock NNP Exchange NNP Composite NNP tumbled VBD 5.8 CD % NN Friday NNP and CC the DT American NNP Stock NNP Exchange NNP Composite NNP fell VBD 4 CD % NN . . 
32 On IN Oct. NNP 16 CD , , 1987 CD , , the DT Nasdaq NNP Composite NNP fell VBD 16.18 CD points NNS , , or CC 3.8 CD % NN , , followed VBN by IN its PRP$ devastating JJ 46.12-point JJ , , or CC 11 CD % NN slide NN , , three CD days NNS later RB . . 
20 Nasdaq NNP volume NN Friday NNP totaled VBD 167.7 CD million CD shares NNS , , which WDT was VBD only RB the DT fifth JJ busiest JJS day NN so RB far RB this DT year NN . . 
13 The DT single-day JJ record NN of IN 288 CD million CD shares NNS was VBD set VBN on IN Oct. NNP 21 CD , , 
47 `` `` There RB was VBD n't RB a DT lot NN of IN volume NN because IN it PRP was VBD just RB impossible JJ to TO get VB stock NN moved VBN , , '' '' said VBD E.E. NNP `` `` Buzzy NNP '' '' Geduld NNP , , president NN of IN Herzog NNP , , Heine NNP , , Geduld NNP , , a DT New NNP York NNP company NN that WDT makes VBZ markets NNS in IN thousands NNS of IN OTC NNP issues NNS . . 
17 Most JJS of IN the DT complaints NNS about IN unanswered JJ phone NN calls NNS came VBD from IN regional JJ brokers NNS rather RB than IN individual JJ investors NNS . . 
38 Mr. NNP King NNP of IN Robinson-Humphrey NNP and CC others NNS were VBD quick JJ to TO add VB that IN they PRP believe VBP the DT problem NN stemmed VBD more RBR from IN traders NNS ' POS inability NN to TO handle VB the DT volume NN of IN calls NNS , , rather RB than IN a DT deliberate JJ attempt NN to TO avoid VB making VBG trades NNS . . 
39 The DT subject NN is VBZ a DT sore JJ one CD for IN Nasdaq NNP and CC its PRP$ market-making JJ companies NNS , , which WDT were VBD widely RB criticized VBN two CD years NNS ago RB following VBG complaints NNS from IN investors NNS who WP could MD n't RB reach VB their PRP$ brokers NNS or CC trade VB in IN the DT chaos NN of IN the DT crash NN . . 
27 Peter NNP DaPuzzo NNP , , head NN of IN retail JJ equity NN trading NN at IN Shearson NNP Lehman NNP Hutton NNP , , declared VBD : : `` `` It PRP was VBD the DT last JJ hour NN of IN trading NN on IN a DT Friday NNP . . 
22 There EX were VBD too RB many JJ phones NNS ringing VBG and CC too RB many JJ things NNS happening VBG to TO expect VB market NN makers NNS to TO be VB as RB efficient JJ as IN robots NNS . . 
11 It PRP was VBD n't RB intentional JJ , , we PRP were VBD all RB busy JJ . . '' '' 
26 James NNP Tarantino NNP , , head NN of IN OTC NNP trading NN at IN Hambrecht NNP & CC Quist NNP in IN San NNP Francisco NNP , , said VBD , , `` `` It PRP was VBD just RB like IN two CD years NNS ago RB . . 
14 Everybody NN was VBD trying VBG to TO do VB the DT same JJ thing NN at IN the DT same JJ time NN . . '' '' 
31 Jeremiah NNP Mullins NNP , , the DT OTC NNP trading NN chief NN at IN Dean NNP Witter NNP Reynolds NNP in IN New NNP York NNP , , said VBD proudly RB that IN his PRP$ company NN executed VBD every DT order NN it PRP received VBD by IN the DT close NN of IN trading NN . . 
17 But CC , , he PRP added VBD , , `` `` you PRP can MD only RB take VB one CD call NN at IN a DT time NN . . '' '' 
16 Market NN makers NNS keep VBP supplies NNS of IN stock NN on IN hand NN to TO maintain VB orderly JJ trading NN when WRB imbalances NNS occur VBP . . 
21 On IN days NNS like IN Friday NNP , , that WDT means VBZ they PRP must MD buy VB shares NNS from IN sellers NNS when WRB no DT one NN else RB is VBZ willing JJ to TO . . 
12 When WRB selling NN is VBZ so RB frenzied JJ , , prices NNS fall VBP steeply RB and CC fast RB . . 
33 Two CD years NNS ago RB , , faced VBN with IN the DT possibility NN of IN heavy JJ losses NNS on IN the DT stocks NNS in IN their PRP$ inventories NNS , , market NN makers NNS themselves PRP began VBD dumping VBG shares NNS , , exacerbating VBG the DT slide NN in IN OTC NNP stock NN prices NNS . . 
13 On IN Friday NNP , , some DT market NN makers NNS were VBD selling VBG again RB , , traders NNS said VBD . . 
21 But CC , , with IN profits NNS sagging VBG on IN Wall NNP Street NNP since IN the DT crash NN , , companies NNS have VBP kept VBN smaller JJR share NN stockpiles NNS on IN hand NN . . 
29 Mr. NNP Tarantino NNP of IN Hambrecht NNP & CC Quist NNP said VBD some DT prices NNS fell VBD without IN trades NNS taking VBG place NN , , as IN market NN makers NNS kept VBD dropping VBG the DT prices NNS at IN which WDT they PRP would MD buy VB shares NNS . . 
13 `` `` Everyone NN was VBD hitting VBG everyone NN else RB 's POS bid NN , , '' '' he PRP said VBD . . 
25 So RB , , while IN OTC NNP companies NNS incurred VBD losses NNS on IN Friday NNP , , trading NN officials NNS said VBD the DT damage NN was VBD n't RB as RB bad JJ as IN it PRP was VBD in IN 1987 CD . . 
16 `` `` Two CD years NNS ago RB we PRP were VBD carrying VBG huge JJ inventories NNS and CC that DT was VBD the DT big JJ culprit NN . . 
18 I PRP do VBP n't RB know VB of IN anyone NN carrying VBG big JJ inventories NNS now RB , , '' '' said VBD Mr. NNP King NNP of IN Robinson-Humphrey NNP . . 
26 Tony NNP Cecin NNP , , head NN of IN equity NN trading NN at IN Piper NNP , , Jaffray NNP & CC Hopwood NNP in IN Minneapolis NNP , , said VBD that IN Piper NNP Jaffray NNP actually RB made VBD money NN on IN Friday NNP . . 
20 It PRP helped VBD that IN his PRP$ inventory NN is VBZ a DT third NN smaller JJR now RB than IN it PRP was VBD two CD years NNS ago RB , , he PRP said VBD . . 
38 Joseph NNP Hardiman NNP , , president NN of IN the DT National NNP Association NNP of IN Securities NNP Dealers NNP , , which WDT oversees VBZ the DT Nasdaq NNP computerized JJ trading NN system NN , , said VBD that IN despite IN the DT rush NN of IN selling VBG , , he PRP never RB considered VBD the DT situation NN an DT `` `` emergency NN . . '' '' 
12 `` `` The DT pace NN of IN trading NN was VBD orderly JJ , , '' '' he PRP said VBD . . 
25 Nasdaq NNP 's POS Small NNP Order NNP Execution NNP System NNP `` `` worked VBD beautifully RB , , '' '' as IN did VBD the DT automated JJ system NN for IN larger JJR trades NNS , , according VBG to TO Mr. NNP Hardiman NNP . . 
19 Nevertheless RB , , the DT shock NN of IN another DT steep JJ plunge NN in IN stock NN prices NNS undoubtedly RB will MD shake VB many JJ investors NNS ' POS confidence NN . . 
16 In IN the DT past NN , , the DT OTC NNP market NN thrived VBD on IN a DT firm JJ base NN of IN small-investor NN participation NN . . 
25 Because IN Nasdaq NNP 's POS trading NN volume NN has VBZ n't RB returned VBN to TO pre-crash JJ levels NNS , , traders NNS and CC OTC NNP market NN officials NNS hope VBP the DT damage NN wo MD n't RB be VB permanent JJ . . 
5 But CC they PRP are VBP worried JJ . . 
21 `` `` We PRP were VBD just RB starting VBG to TO get VB the DT public NN 's POS confidence NN back RP , , '' '' lamented VBD Mr. NNP Mullins NNP of IN Dean NNP Witter NNP . . 
36 More RBR troubling JJ is VBZ the DT prospect NN that IN the DT overall JJ collapse NN in IN stock NN prices NNS could MD permanently RB erode VB the DT base NN of IN small-investor NN support NN the DT OTC NNP market NN was VBD struggling VBG to TO rebuild VB in IN the DT wake NN of IN the DT October NNP 1987 CD crash NN . . 
17 Mr. NNP Cecin NNP of IN Piper NNP Jaffray NNP says VBZ some DT action NN from IN government NN policy NN makers NNS would MD allay VB investor NN fears NNS . . 
20 It PRP wo MD n't RB take VB much JJ more RBR to TO `` `` scare VB the DT hell NN out IN of IN retail JJ investors NNS , , '' '' he PRP says VBZ . . 
28 The DT sellers NNS on IN Friday NNP came VBD from IN all DT corners NNS of IN the DT OTC NNP market NN -- : big JJ and CC small JJ institutional JJ investors NNS , , as RB well RB as IN individual JJ investors NNS and CC market NN makers NNS . . 
28 But CC grateful JJ traders NNS said VBD the DT sell NN orders NNS generally RB ranged VBD from IN 20,000 CD shares NNS to TO 50,000 CD shares NNS , , compared VBN with IN blocks NNS of IN 500,000 CD shares NNS or CC more JJR two CD years NNS ago RB . . 
17 Shearson NNP 's POS Mr. NNP DaPuzzo NNP said VBD retail JJ investors NNS nervously RB sold VBD stock NN Friday NNP and CC never RB returned VBD to TO bargain-hunt VB . . 
25 Institutional JJ investors NNS , , which WDT had VBD been VBN selling VBG stock NN throughout IN last JJ week NN to TO lock VB in RP handsome JJ gains NNS made VBN through IN the DT third JJ quarter NN , , were VBD calmer JJR . . 
22 `` `` We PRP had VBD a DT good JJ amount NN of IN selling VBG from IN institutions NNS , , but CC not RB as IN much JJ panic NN , , '' '' Mr. NNP DaPuzzo NNP said VBD . . 
19 `` `` If IN they PRP could MD n't RB sell VB , , some DT of IN them PRP put VBD the DT shares NNS back RB on IN the DT shelf NN . . '' '' 
23 In IN addition NN , , he PRP said VBD , , some DT bigger JJR institutional JJ investors NNS placed VBD bids NNS to TO buy VB some DT OTC NNP stocks NNS whose WP$ prices NNS were VBD beaten VBN down RP . . 
37 In IN addition NN , , Mr. NNP DaPuzzo NNP said VBD computer-guided JJ program NN selling NN of IN OTC NNP stocks NNS in IN the DT Russell NNP Index NNP of IN 2000 CD small JJ stocks NNS and CC the DT Standard NNP & CC Poor NNP 's POS 500-stock NNP Index NNP sent VBD occasional JJ `` `` waves NNS `` `` through IN the DT market NN . . 
7 Nasdaq NNP 's POS biggest JJS stocks NNS were VBD hammered VBN . . 
27 The DT Nasdaq NNP 100 CD Index NNP of IN the DT largest JJS nonfinancial JJ issues NNS , , including VBG the DT big JJ OTC NNP technology NN issues NNS , , tumbled VBD 4.2 CD % NN , , or CC 19.76 CD , , to TO 449.33 CD . . 
20 The DT Nasdaq NNP Financial NNP Index NNP of IN giant JJ insurance NN and CC banking NN stocks NNS dropped VBD 2 CD % NN , , or CC 9.31 CD , , to TO 462.98 CD . . 
11 The DT OTC NNP market NN has VBZ only RB a DT handful NN of IN takeover-related JJ stocks NNS . . 
5 But CC they PRP fell VBD sharply RB . . 
39 McCaw NNP Cellular NNP Communications NNP , , for IN instance NN , , has VBZ offered VBN to TO buy VB LIN NNP Broadcasting NNP as RB well RB as IN Metromedia NNP 's POS New NNP York NNP City NNP cellular JJ telephone NN interests NNS , , and CC in IN a DT separate JJ transaction NN , , sell VB certain JJ McCaw NNP properties NNS to TO Contel NNP Cellular NNP . . 
12 McCaw NNP lost VBD 8 CD % NN , , or CC 3 CD 1\/2 CD , , to TO 40 CD . . 
15 LIN NNP Broadcasting NNP , , dropped VBD 5 CD 1\/2 CD , , or CC 5 CD % NN , , to TO 107 CD 1\/2 CD . . 
9 The DT turnover NN in IN both DT issues NNS was VBD roughly RB normal JJ . . 
48 On IN a DT day NN when WRB negative JJ takeover-related JJ news NN did VBD n't RB sit VB well RB with IN investors NNS , , Commercial NNP Intertech NNP , , a DT maker NN of IN engineered JJ metal NN parts NNS , , said VBD Haas NNP & CC Partners NNP advised VBD it PRP that IN it PRP does VBZ n't RB plan VB to TO pursue VB its PRP$ previously RB reported VBN $ $ 27.50-a-share JJ bid NN to TO buy VB the DT company NN . . 
7 Commercial NNP Intertech NNP plummeted VBD 6 CD to TO 26 CD . . 
15 The DT issues NNS of IN companies NNS with IN ties NNS to TO the DT junk NN bond NN market NN also RB tumbled VBD Friday NNP . . 
24 On IN the DT OTC NNP market NN , , First NNP Executive NNP , , a DT big JJ buyer NN of IN the DT high-risk JJ , , high-yield JJ issues NNS , , slid VBD 2 CD to TO 12 CD 1\/4 CD . . 
61 Among IN other JJ OTC NNP issues NNS , , Intel NNP , , dropped VBD 2 CD 1\/8 CD to TO 33 CD 7\/8 CD ; : Laidlaw NNP Transportation NNP lost VBD 1 CD 1\/8 CD to TO 19 CD 1\/2 CD ; : the DT American JJ depositary JJ receipts NNS of IN Jaguar NNP were VBD off RB 1\/4 CD to TO 10 CD 1\/4 CD ; : MCI NNP Communications NNP slipped VBD 2 CD 1\/4 CD to TO 43 CD 1\/2 CD ; : Apple NNP Computer NNP fell VBD 3 CD to TO 45 CD 3\/4 CD and CC Nike NNP dropped VBD 2 CD 1\/4 CD to TO 66 CD 3\/4 CD . . 
6 Friday NNP , , October NNP 13 CD , , 1989 CD 
23 The DT key JJ U.S. NNP and CC foreign JJ annual JJ interest NN rates NNS below RB are VBP a DT guide NN to TO general JJ levels NNS but CC do VBP n't RB always RB represent VB actual JJ transactions NNS . . 
3 PRIME JJ RATE NN : : 
4 10 CD 1\/2 CD % NN . . 
14 The DT base JJ rate NN on IN corporate JJ loans NNS at IN large JJ U.S. NNP money NN center NN commercial JJ banks NNS . . 
3 FEDERAL JJ FUNDS NNS : : 
22 8 CD 13\/16 CD % NN high JJ , , 8 CD 1\/2 CD % NN low JJ , , 8 CD 5\/8 CD % NN near IN closing NN bid NN , , 8 CD 3\/4 CD % NN offered VBN . . 
17 Reserves NNS traded VBD among IN commercial JJ banks NNS for IN overnight JJ use NN in IN amounts NNS of IN $ $ 1 CD million CD or CC more JJR . . 
10 Source NN : : Fulton NNP Prebon NNP -LRB- -LRB- U.S.A NNP . . -RRB- -RRB- Inc NNP . . 
3 DISCOUNT NN RATE NN : : 
3 7 CD % NN . . 
15 The DT charge NN on IN loans NNS to TO depository JJ institutions NNS by IN the DT New NNP York NNP Federal NNP Reserve NNP Bank NNP . . 
3 CALL NN MONEY NN : : 
7 9 CD 3\/4 CD % NN to TO 10 CD % NN . . 
11 The DT charge NN on IN loans NNS to TO brokers NNS on IN stock NN exchange NN collateral NN . . 
10 COMMERCIAL JJ PAPER NN placed VBN directly RB by IN General NNP Motors NNP Acceptance NNP Corp. NNP : : 
56 8.60 CD % NN 30 CD to TO 44 CD days NNS ; : 8.55 CD % NN 45 CD to TO 59 CD days NNS ; : 8.375 CD % NN 60 CD to TO 79 CD days NNS ; : 8.50 CD % NN 80 CD to TO 89 CD days NNS ; : 8.25 CD % NN 90 CD to TO 119 CD days NNS ; : 8.125 CD % NN 120 CD to TO 149 CD days NNS ; : 8 CD % NN 150 CD to TO 179 CD days NNS ; : 7.625 CD % NN 180 CD to TO 270 CD days NNS . . 
3 COMMERCIAL JJ PAPER NN : : 
15 High-grade JJ unsecured JJ notes NNS sold VBN through IN dealers NNS by IN major JJ corporations NNS in IN multiples NNS of IN $ $ 1,000 CD : : 
15 8.65 CD % NN 30 CD days NNS ; : 8.55 CD % NN 60 CD days NNS ; : 8.55 CD % NN 90 CD days NNS . . 
4 CERTIFICATES NNS OF IN DEPOSIT NN : : 
25 8.15 CD % NN one CD month NN ; : 8.15 CD % NN two CD months NNS ; : 8.13 CD % NN three CD months NNS ; : 8.11 CD % NN six CD months NNS ; : 8.08 CD % NN one CD year NN . . 
28 Average NN of IN top JJ rates NNS paid VBN by IN major JJ New NNP York NNP banks NNS on IN primary JJ new JJ issues NNS of IN negotiable JJ C.D.s NNS , , usually RB on IN amounts NNS of IN $ $ 1 CD million CD and CC more JJR . . 
7 The DT minimum JJ unit NN is VBZ $ $ 100,000 CD . . 
7 Typical JJ rates NNS in IN the DT secondary JJ market NN : : 
15 8.65 CD % NN one CD month NN ; : 8.65 CD % NN three CD months NNS ; : 8.55 CD % NN six CD months NNS . . 
3 BANKERS NNS ACCEPTANCES NNS : : 
30 8.52 CD % NN 30 CD days NNS ; : 8.37 CD % NN 60 CD days NNS ; : 8.15 CD % NN 90 CD days NNS ; : 7.98 CD % NN 120 CD days NNS ; : 7.92 CD % NN 150 CD days NNS ; : 7.80 CD % NN 180 CD days NNS . . 
12 Negotiable JJ , , bank-backed JJ business NN credit NN instruments NNS typically RB financing VBG an DT import NN order NN . . 
4 LONDON NNP LATE JJ EURODOLLARS NNS : : 
60 8 CD 13\/16 CD % NN to TO 8 CD 11\/16 CD % NN one CD month NN ; : 8 CD 13\/16 CD % NN to TO 8 CD 11\/16 CD % NN two CD months NNS ; : 8 CD 13\/16 CD % NN to TO 8 CD 11\/16 CD % NN three CD months NNS ; : 8 CD 3\/4 CD % NN to TO 8 CD 5\/8 CD % NN four CD months NNS ; : 8 CD 11\/16 CD % NN to TO 8 CD 9\/16 CD % NN five CD months NNS ; : 8 CD 5\/8 CD % NN to TO 8 CD 1\/2 CD % NN six CD months NNS . . 
8 LONDON NNP INTERBANK RB OFFERED VBN RATES NNS -LRB- -LRB- LIBOR NNP -RRB- -RRB- : : 
24 8 CD 3\/4 CD % NN one CD month NN ; : 8 CD 3\/4 CD % NN three CD months NNS ; : 8 CD 9\/16 CD % NN six CD months NNS ; : 8 CD 9\/16 CD % NN one CD year NN . . 
21 The DT average NN of IN interbank RB offered VBN rates NNS for IN dollar NN deposits NNS in IN the DT London NNP market NN based VBN on IN quotations NNS at IN five CD major JJ banks NNS . . 
4 FOREIGN JJ PRIME JJ RATES NNS : : 
20 Canada NNP 13.50 CD % NN ; : Germany NNP 8.50 CD % NN ; : Japan NNP 4.875 CD % NN ; : Switzerland NNP 8.50 CD % NN ; : Britain NNP 15 CD % NN . . 
15 These DT rate NN indications NNS are VBP n't RB directly RB comparable JJ ; : lending NN practices NNS vary VBP widely RB by IN location NN . . 
3 TREASURY NN BILLS NNS : : 
34 Results NNS of IN the DT Tuesday NNP , , October NNP 10 CD , , 1989 CD , , auction NN of IN short-term JJ U.S. NNP government NN bills NNS , , sold VBN at IN a DT discount NN from IN face NN value NN in IN units NNS of IN $ $ 10,000 CD to TO $ $ 1 CD million CD : : 
10 7.63 CD % NN 13 CD weeks NNS ; : 7.60 CD % NN 26 CD weeks NNS . . 
11 FEDERAL NNP HOME NNP LOAN NNP MORTGAGE NNP CORP NNP . . -LRB- -LRB- Freddie NNP Mac NNP -RRB- -RRB- : : 
12 Posted VBN yields NNS on IN 30-year JJ mortgage NN commitments NNS for IN delivery NN within IN 30 CD days NNS . . 
20 9.91 CD % NN , , standard JJ conventional JJ fixedrate JJ mortgages NNS ; : 7.875 CD % NN , , 2 CD % NN rate NN capped VBN one-year JJ adjustable JJ rate NN mortgages NNS . . 
6 Source NN : : Telerate NNP Systems NNP Inc NNP . . 
9 FEDERAL NNP NATIONAL NNP MORTGAGE NNP ASSOCIATION NNP -LRB- -LRB- Fannie NNP Mae NNP -RRB- -RRB- : : 
17 Posted VBN yields NNS on IN 30 CD year NN mortgage NN commitments NNS for IN delivery NN within IN 30 CD days NNS -LRB- -LRB- priced VBN at IN par NN -RRB- -RRB- 
19 9.86 CD % NN , , standard JJ conventional JJ fixed-rate JJ mortgages NNS ; : 8.85 CD % NN , , 6\/2 CD rate NN capped VBD one-year JJ adjustable JJ rate NN mortgages NNS . . 
6 Source NN : : Telerate NNP Systems NNP Inc NNP . . 
6 MERRILL NNP LYNCH NNP READY NNP ASSETS NNP TRUST NNP : : 
3 8.33 CD % NN . . 
20 Annualized JJ average JJ rate NN of IN return NN after IN expenses NNS for IN the DT past JJ 30 CD days NNS ; : not RB a DT forecast NN of IN future JJ returns NNS . . 
23 Pension NN funds NNS , , insurers NNS and CC other JJ behemoths NNS of IN the DT investing NN world NN said VBD they PRP began VBD scooping VBG up RP stocks NNS during IN Friday NNP 's POS market NN rout NN . . 
8 And CC they PRP plan VBP to TO buy VB more JJR today NN . . 
34 Rightly RB or CC wrongly RB , , many JJ giant JJ institutional JJ investors NNS appear VBP to TO be VB fighting VBG the DT latest JJS war NN by IN applying VBG the DT lesson NN they PRP learned VBD in IN the DT October NNP 1987 CD crash NN : : Buying VBG at IN the DT bottom NN pays VBZ off RP . . 
21 To TO be VB sure JJ , , big JJ investors NNS might MD put VB away RP their PRP$ checkbooks NNS in IN a DT hurry NN if IN stocks NNS open VBP sharply RB lower JJR today NN . . 
11 They PRP could MD still RB panic VB and CC bail VB out RP of IN the DT market NN . . 
17 But CC their PRP$ 1987 CD performance NN indicates VBZ that IN they PRP wo MD n't RB abandon VB stocks NNS unless IN conditions NNS get VBP far RB worse JJR . . 
42 `` `` Last JJ time NN , , we PRP got VBD rewarded VBN for IN going VBG out RB and CC buying VBG stocks NNS when WRB the DT panic NN was VBD the DT worst JJS , , '' '' said VBD John NNP W. NNP Rogers NNP , , president NN of IN Chicago-based JJ Ariel NNP Capital NNP Management NNP Inc. NNP , , which WDT manages VBZ $ $ 1.1 CD billion CD of IN stocks NNS . . 
20 Mr. NNP Rogers NNP spent VBD half PDT his PRP$ cash NN on IN hand NN Friday NNP for IN `` `` our PRP$ favorite JJ stocks NNS that WDT have VBP fallen VBN apart RB . . '' '' 
12 He PRP expects VBZ to TO invest VB the DT rest NN if IN the DT market NN weakens VBZ further RB . . 
29 Denver-based JJ portfolio NN manager NN James NNP Craig NNP was VBD n't RB daunted VBD when WRB Friday NNP 's POS rout NN shaved VBD $ $ 40 CD million CD from IN the DT value NN of IN the DT $ $ 752 CD million CD Janus NNP Fund NNP he PRP oversees VBZ . . 
18 `` `` I PRP waited VBD to TO make VB sure JJ all PDT the DT program NN trades NNS had VBD kicked VBN through RP , , '' '' he PRP said VBD . . 
7 Then RB he PRP jumped VBD into IN the DT market NN : : 
12 `` `` I PRP spent VBD $ $ 30 CD million CD in IN the DT last JJ half-hour NN . . '' '' 
8 Other JJ money NN managers NNS also RB opened VBD their PRP$ wallets NNS . . 
42 `` `` I PRP was VBD buying VBG at IN the DT close JJ -LRB- -LRB- Friday NNP -RRB- -RRB- and CC I PRP 'll MD be VB buying VBG again RB because IN I PRP know VBP we PRP 're VBP getting VBG good JJ value NN , , '' '' said VBD Frederick NNP A. NNP Moran NNP , , president NN of IN Moran NNP Asset NNP Management NNP Inc. NNP , , Greenwich NNP , , Conn NNP . . 
14 `` `` There EX is VBZ no DT justification NN on IN the DT fundamental JJ level NN for IN this DT crash NN . . '' '' 
38 Unlike IN mutual JJ funds NNS , , which WDT can MD be VB forced VBN to TO sell VB stockholdings NNS when WRB investors NNS rush VBP to TO withdraw VB money NN , , big JJ investors NNS such JJ as IN pension NN funds NNS and CC insurance NN companies NNS can MD decide VB to TO ride VB out RP market NN storms NNS without IN jettisoning VBG stock NN . . 
29 Most RBS often RB , , they PRP do VBP just RB that DT , , because IN stocks NNS have VBP proved VBN to TO be VB the DT best-performing JJ long-term JJ investment NN , , attracting VBG about RB $ $ 1 CD trillion CD from IN pension NN funds NNS alone RB . . 
33 `` `` If IN you PRP bought VBD after IN the DT crash NN , , you PRP did VBD very RB very RB well RB off IN the DT bottom NN , , '' '' said VBD Stephen NNP B. NNP Timbers NNP , , chief JJ investment NN officer NN of IN Chicago-based JJ Kemper NNP Financial NNP Services NNP Inc NNP . . 
25 The DT $ $ 56 CD billion CD California NNP Public NNP Employees NNP Retirement NNP System NNP , , for IN one CD , , added VBD $ $ 1 CD billion CD to TO its PRP$ stock NN portfolio NN two CD years NNS ago RB . . 
50 `` `` The DT last JJ crash NN taught VBD institutional JJ investors NNS that IN they PRP have VBP to TO be VB long-term JJ holders NNS , , and CC that IN they PRP ca MD n't RB react VB to TO short-term JJ events NNS , , good JJ or CC bad JJ , , '' '' said VBD Stephen NNP L. NNP Nesbitt NNP , , senior JJ vice NN president NN for IN the DT pension NN consultants NNS Wilshire NNP Associates NNP in IN Santa NNP Monica NNP , , Calif NNP . . 
38 `` `` Those DT that WDT pulled VBD out RP -LRB- -LRB- of IN stocks NNS -RRB- -RRB- regretted VBD it PRP , , '' '' he PRP said VBD , , `` `` so RB I PRP doubt VBP you PRP 'll MD see VB any DT significant JJ changes NNS '' '' in IN institutional JJ portfolios NNS as IN a DT result NN of IN Friday NNP 's POS decline NN . . 
31 Stocks NNS , , as IN measured VBN by IN the DT Standard NNP & CC Poor NNP 's POS 500-stock NNP index NN , , have VBP been VBN stellar JJ performers NNS this DT year NN , , rising VBG 27.97 CD % NN before IN Friday NNP 's POS plunge NN , , excluding VBG dividends NNS . . 
23 Even RB Friday NNP 's POS slump NN leaves VBZ investors NNS ahead RB more JJR than IN 20 CD % NN , , well RB above IN the DT annual JJ average NN for IN stocks NNS over IN several JJ decades NNS . . 
31 `` `` You PRP could MD go VB down RB 400 CD points NNS and CC still RB have VB a DT good JJ year NN in IN the DT market NN , , '' '' said VBD James NNP D. NNP Awad NNP , , president NN of IN New NNP York-based JJ BMI NNP Capital NNP Corp NNP . . 
23 Mr. NNP Awad NNP , , however RB , , worries VBZ that IN the DT market NN `` `` could MD go VB down RB 800 CD or CC 900 CD points NNS in IN the DT next JJ few JJ days NNS . . 
10 It PRP can MD happen VB before IN you PRP can MD turn VB around RB . . '' '' 
23 He PRP said VBD he PRP discerns VBZ many JJ parallels NNS with IN 1987 CD , , including VBG the DT emphasis NN on IN takeover NN stocks NNS and CC the DT re-emergence NN of IN computerized JJ program NN trading NN . . 
27 `` `` The DT only JJ thing NN you PRP do VBP n't RB have VB , , '' '' he PRP said VBD , , `` `` is VBZ the DT ` `` portfolio NN insurance NN ' '' phenomenon NN overlaid VBN on IN the DT rest NN . . '' '' 
22 Most RBS institutional JJ investors NNS have VBP abandoned VBN the DT portfolio NN insurance NN hedging NN technique NN , , which WDT is VBZ widely RB thought VBN to TO have VB worsened VBN the DT 1987 CD crash NN . . 
29 Not RB really RB insurance NN , , this DT tactic NN was VBD designed VBN to TO soften VB the DT blow NN of IN declining VBG stock NN prices NNS and CC generate VB an DT offsetting VBG profit NN by IN selling VBG waves NNS of IN S&P NNP futures NNS contracts NNS . . 
34 In IN its PRP$ severest JJS test NN , , the DT $ $ 60 CD billion CD of IN portfolio NN insurance NN in IN effect NN in IN the DT 1987 CD crash NN did VBD n't RB work VB , , as IN stock NN buyers NNS disappeared VBD and CC stock NN and CC futures NNS prices NNS became VBD disconnected VBN . . 
15 Even RB without IN portfolio NN insurance NN , , market NN conditions NNS were VBD grim JJ Friday NNP , , money NN managers NNS said VBD . . 
44 Neil NNP Weisman NNP , , whose WP$ New NNP York-based JJ Chilmark NNP Capital NNP Partners NNP had VBD converted VBN 85 CD % NN of IN its PRP$ $ $ 220 CD million CD investment NN pool NN to TO cash VB in IN recent JJ months NNS , , said VBD he PRP was VBD besieged VBN by IN Wall NNP Street NNP firms NNS Friday NNP asking VBG him PRP to TO take VB stock NN off IN their PRP$ hands NNS . . 
40 `` `` We PRP got VBD calls NNS from IN big JJ block NN houses NNS asking VBG us PRP if IN we PRP want VBP to TO make VB bids NNS on IN anything NN , , '' '' said VBD Mr. NNP Weisman NNP , , who WP , , happy JJ with IN his PRP$ returns NNS on IN investments NNS chalked VBN up RP earlier RBR , , declined VBD the DT offers NNS . . 
21 Mr. NNP Weisman NNP predicts VBZ stocks NNS will MD appear VB to TO stabilize VB in IN the DT next JJ few JJ days NNS before IN declining VBG again RB , , trapping VBG more JJR investors NNS . . 
15 `` `` I PRP think VBP it PRP will MD be VB a DT rigor NN mortis NN rally NN , , '' '' he PRP said VBD . . 
22 Meanwhile RB , , Friday NNP brought VBD a DT reprieve NN for IN money NN managers NNS whose WP$ investment NN styles NNS had VBD put VBN them PRP at IN odds NNS with IN the DT market NN rally NN . . 
18 Especially RB gleeful JJ were VBD the DT short JJ sellers NNS , , who WP have VBP been VBN pounded VBN by IN this DT year NN 's POS market NN climb NN . . 
18 The DT shorts NNS sell VBP borrowed VBN shares NNS , , hoping VBG to TO profit NN by IN replacing VBG them PRP later RB at IN a DT lower JJR price NN . . 
37 The DT nation NN 's POS largest JJS short-selling NN operation NN is VBZ Feshbach NNP Brothers NNP , , Palo NNP Alto NNP , , Calif. NNP , , which WDT said VBD last JJ May NNP that IN its PRP$ short JJ positions NNS had VBD shown VBN losses NNS of IN 10 CD % NN for IN the DT year NN up IN to TO that DT point NN . . 
6 All DT that WDT now RB has VBZ changed VBN . . 
19 `` `` We PRP 're VBP ahead RB for IN the DT year NN because IN of IN Friday NNP , , '' '' said VBD the DT firm NN 's POS Kurt NNP Feshbach NNP . . 
15 `` `` We PRP 're VBP not RB making VBG a DT killing NN , , but CC we PRP had VBD a DT good JJ day NN . . 
31 Food NNP and CC Drug NNP Administration NNP spokesman NN Jeff NNP Nesbit NNP said VBD the DT agency NN has VBZ turned VBN over RP evidence NN in IN a DT criminal JJ investigation NN concerning VBG Vitarine NNP Pharmaceuticals NNP Inc. NNP to TO the DT U.S. NNP Attorney NNP 's POS office NN in IN Baltimore NNP . . 
23 Neither DT Vitarine NNP nor CC any DT of IN the DT Springfield NNP Gardens NNP , , N.Y. NNP , , company NN 's POS officials NNS or CC employees NNS have VBP been VBN charged VBN with IN any DT crimes NNS . . 
28 Vitarine NNP won VBD approval NN to TO market VB a DT version NN of IN a DT blood NN pressure NN medicine NN but CC acknowledged VBD that IN it PRP substituted VBD a DT SmithKline NNP Beecham NNP PLC NNP product NN as IN its PRP$ own JJ in IN tests NNS . . 
22 Mr. NNP Nesbit NNP also RB said VBD the DT FDA NNP has VBZ asked VBN Bolar NNP Pharmaceutical NNP Co. NNP to TO recall VB at IN the DT retail JJ level NN its PRP$ urinary JJ tract NN antibiotic NN . . 
16 But CC so RB far RB the DT company NN has VBZ n't RB complied VBN with IN that DT request NN , , the DT spokesman NN said VBD . . 
52 Bolar NNP , , the DT subject NN of IN a DT criminal JJ investigation NN by IN the DT FDA NNP and CC the DT Inspector NNP General NNP 's POS office NN of IN the DT Health NNP and CC Human NNP Services NNP Department NNP , , only RB agreed VBD to TO recall VB two CD strengths NNS of IN its PRP$ version NN of IN Macrodantin NNP `` `` as RB far RB down RB as IN direct JJ customers NNS , , mostly RB wholesalers NNS , , '' '' Mr. NNP Nesbit NNP said VBD . . 
25 Bolar NNP , , of IN Copiague NNP , , N.Y. NNP , , earlier RBR began VBD a DT voluntary JJ recall NN of IN both DT its PRP$ 100 CD milligram NN and CC 50 CD milligram NN versions NNS of IN the DT drug NN . . 
33 The DT FDA NNP has VBZ said VBD it PRP presented VBD evidence NN it PRP uncovered VBD to TO the DT company NN indicating VBG that IN Bolar NNP substituted VBD the DT brand-name JJ product NN for IN its PRP$ own JJ to TO gain VB government NN approval NN to TO sell VB generic JJ versions NNS of IN Macrodantin NNP . . 
16 Bolar NNP has VBZ denied VBN that IN it PRP switched VBD the DT brand-name JJ product NN for IN its PRP$ own JJ in IN such JJ testing NN . . 
25 The DT West JJ German JJ retailer NN ASKO NNP Deutsche NNP Kaufhaus NNP AG NNP plans VBZ to TO challenge VB the DT legality NN of IN a DT widely RB employed VBN anti-takeover JJ defense NN of IN companies NNS in IN the DT Netherlands NNPS . . 
47 The DT eventual JJ court NN decision NN could MD become VB a DT landmark NN in IN Dutch JJ corporate JJ law NN because IN the DT lawsuit NN ASKO NNP plans VBZ to TO file VB would MD be VB the DT first JJ to TO challenge VB the DT entire JJ principle NN and CC practice NN of IN companies NNS issuing VBG voting JJ preferred JJ shares NNS to TO management-controlled JJ trusts NNS to TO dilute VB voting NN power NN of IN common JJ stockholders NNS . . 
22 Up IN to TO now RB only JJ specific JJ aspects NNS of IN these DT defenses NNS have VBP been VBN challenged VBN , , though IN unsuccessfully RB , , ASKO NNP 's POS Dutch JJ lawyers NNS noted VBD . . 
31 Should MD the DT courts NNS uphold VB the DT validity NN of IN this DT type NN of IN defense NN , , ASKO NNP will MD then RB ask VB the DT court NN to TO overturn VB such PDT a DT vote-diluting JJ maneuver NN recently RB deployed VBN by IN Koninklijke NNP Ahold NNP NV NNP . . 
33 ASKO NNP says VBZ the DT Dutch-based JJ international JJ food NN retailer NN had VBD n't RB reasonable JJ grounds NNS to TO issue VB preferred JJ stock NN to TO a DT friendly JJ trust NN and CC thus RB dilute VB the DT worth NN and CC voting NN power NN of IN ASKO NNP and CC other JJ shareholders NNS . . 
18 Speaking VBG through IN its PRP$ Dutch JJ lawyers NNS , , ASKO NNP also RB disclosed VBD it PRP holds VBZ a DT 15 CD % NN stake NN in IN Ahold NNP . . 
16 It PRP was VBD previously RB thought VBN ASKO NNP held VBD a DT 13.6 CD % NN stake NN that WDT was VBD accumulated VBN since IN July NNP . . 
21 A DT spokesman NN for IN Ahold NNP said VBD his PRP$ company NN is VBZ confident JJ of IN its PRP$ own JJ position NN and CC the DT propriety NN of IN the DT preferred-share NN issue NN . . 
17 He PRP termed VBD ASKO NNP 's POS legal JJ actions NNS as IN `` `` unproductive JJ '' '' to TO international JJ cooperation NN among IN European JJ retailers NNS . . 
31 Chase NNP Manhattan NNP Bank NNP Chairman NNP Willard NNP Butcher NNP is VBZ a DT conservative JJ banker NN and CC a DT loyal JJ Republican NNP , , but CC on IN Friday NNP morning NN he PRP had VBD few JJ kind JJ words NNS for IN President NNP Bush NNP 's POS economic JJ policy-making NN . . 
42 `` `` There EX are VBP some DT very RB significant JJ issues NNS out RB there RB , , such JJ as IN the DT fiscal JJ deficit NN , , the DT trade NN deficit NN , , our PRP$ relations NNS with IN Japan NNP , , that WDT have VBP to TO be VB the DT subject NN of IN major JJ initiatives NNS , , '' '' he PRP said VBD in IN an DT interview NN . . 
14 `` `` I PRP 'd MD like VB to TO see VB that DT initiative NN , , and CC I PRP have VBP n't RB . . 
11 There EX is VBZ n't RB a DT big JJ shot NN , , an DT agenda NN . . '' '' 
12 A DT few JJ hours NNS later RB , , the DT stock NN market NN dropped VBD 190 CD points NNS . . 
25 Politicians NNS tried VBD to TO finger VB each DT other JJ for IN the DT blame NN , , although IN many JJ analysts NNS doubt VBP that IN Washington NNP was VBD singly RB responsible JJ for IN Wall NNP Street NNP 's POS woes NNS . . 
24 But CC Mr. NNP Butcher NNP 's POS comments NNS make VBP one CD thing NN clear JJ : : Some DT on IN Wall NNP Street NNP wonder VBP if IN anyone NN is VBZ in IN charge NN of IN economic JJ policy NN . . 
3 Consider VB this DT : : 
29 -- : By IN 11:59 CD p.m. RB tonight NN , , President NNP Bush NNP must MD order VB $ $ 16 CD billion CD of IN automatic JJ , , across-the-board JJ cuts NNS in IN government NN spending NN to TO comply VB with IN the DT Gramm-Rudman NNP budget NN law NN . . 
19 The DT cuts NNS are VBP necessary JJ because IN Congress NNP and CC the DT administration NN have VBP failed VBN to TO reach VB agreement NN on IN a DT deficit-cutting JJ bill NN . . 
44 `` `` We PRP simply RB do VBP n't RB have VB strong JJ leadership NN to TO try VB to TO reduce VB the DT deficit NN and CC make VB tough JJ choices NNS , , '' '' House NNP Budget NNP Committee NNP Chairman NNP Leon NNP Panetta NNP -LRB- -LRB- D. NNP , , Calif NNP . . -RRB- -RRB- said VBD yesterday NN on IN NBC NNP News NNP 's POS `` `` Meet NNP the DT Press NNP . . '' '' 
26 -- : For IN the DT last JJ two CD weeks NNS , , the DT Bush NNP administration NN and CC the DT Federal NNP Reserve NNP have VBP been VBN engaged VBN in IN a DT semi-public JJ battle NN over IN international JJ economic JJ policy NN . . 
17 The DT administration NN has VBZ been VBN trying VBG to TO push VB the DT dollar NN lower RBR ; : the DT Fed NNP has VBZ been VBN resisting VBG . . 
45 `` `` One CD of IN the DT things NNS that WDT continues VBZ to TO worry VB me PRP is VBZ this DT monetary JJ warfare NN between IN the DT Treasury NNP Department NNP and CC the DT Federal NNP Reserve NNP Board NNP , , '' '' said VBD Lawrence NNP Kudlow NNP , , a DT Bear NNP , , Stearns NNP & CC Co. NNP economist NN , , on IN ABC NNP 's POS `` `` This NNP Week NNP . . '' '' 
19 -- : The DT administration NN has VBZ sent VBN out RP confusing JJ signals NNS about IN its PRP$ response NN to TO a DT recent JJ spate NN of IN airline NN takeovers NNS . . 
21 Last JJ month NN , , Transportation NNP Secretary NNP Sam NNP Skinner NNP forced VBD Northwest NNP Airlines NNP to TO reduce VB a DT stake NN held VBN by IN KLM NNP Royal NNP Dutch NNP Airlines NNP . . 
18 But CC he PRP has VBZ since RB run VBN into IN opposition NN from IN the DT Treasury NNP and CC the DT White NNP House NNP over IN that DT decision NN . . 
27 And CC he PRP has VBZ kept VBN mum JJ on IN how WRB his PRP$ decision NN might MD affect VB a DT bid NN for IN United NNP Airlines NNP , , which WDT includes VBZ a DT big JJ stake NN by IN British NNP Airways NNP PLC NNP . . 
30 Some DT analysts NNS say VBP uncertainty NN about IN Washington NNP 's POS anti-takeover JJ policy NN was VBD one CD reason NN that IN financing NN for IN the DT United NNP Airlines NNP takeover NN fell VBD through RP -- : the DT event NN that WDT triggered VBD the DT market NN drop NN . . 
23 In IN many JJ ways NNS , , the DT backdrop NN to TO Friday NNP 's POS stock NN decline NN is VBZ eerily RB similar JJ to TO that DT of IN October NNP 1987 CD 's POS 508-point JJ crash NN . . 
22 Then RB , , as IN now RB , , the DT budget NN debate NN was VBD behind IN schedule NN and CC automatic JJ spending JJ cuts NNS were VBD within IN days NNS of IN taking VBG hold NN . . 
28 The DT Treasury NNP was VBD locked VBN in IN a DT battle NN over IN international JJ economic JJ policy NN , , although IN at IN that DT time NN it PRP was VBD with IN West JJ German JJ officials NNS rather RB than IN the DT Federal NNP Reserve NNP . . 
29 And CC concern NN about IN official JJ actions NNS aimed VBN at IN takeovers NNS -- : then RB by IN the DT tax-writing JJ House NNP Ways NNP and CC Means NNP Committee NNP rather RB than IN the DT Transportation NNP Department NNP -- : were VBD making VBG markets NNS nervous JJ . . 
50 The DT 1987 CD crash NN brought VBD the DT Reagan NNP administration NN and CC Democratic JJ lawmakers NNS to TO the DT table NN for IN the DT first JJ budget NN summit NN , , resulting VBG in IN a DT two-year JJ plan NN to TO reduce VB the DT deficit NN by IN more JJR than IN $ $ 76 CD billion CD -- : even RB though IN the DT deficit NN actually RB rose VBD by IN nearly RB $ $ 12 CD billion CD during IN that DT period NN . . 
21 But CC , , barring VBG further JJR drops NNS in IN the DT market NN this DT week NN , , a DT similar JJ outcome NN does VBZ n't RB seem VB likely RB this DT year NN . . 
53 Lawmakers NNS and CC administration NN officials NNS agree VBP that IN Friday NNP 's POS drop NN , , by IN itself PRP , , is VBZ n't RB enough JJ to TO force VB both DT sides NNS back RB to TO the DT table NN to TO try VB to TO reach VB a DT deficit-reduction NN agreement NN that WDT would MD be VB more RBR serious JJ and CC more RBR far-reaching JJ than IN last JJ spring NN 's POS gimmick-ridden JJ plan NN , , which WDT still RB is VBZ n't RB fully RB implemented VBN . . 
35 One CD of IN the DT biggest JJS reasons NNS that IN new JJ talks NNS are VBP n't RB likely JJ to TO come VB about RP is VBZ that IN , , as IN everyone NN learned VBD in IN 1987 CD , , the DT economy NN and CC the DT market NN can MD survive VB a DT one-day JJ 508-point JJ tumble NN . . 
29 `` `` Everybody NN thought VBD we PRP were VBD looking VBG at IN a DT repetition NN of IN 1929 CD , , that IN we PRP were VBD looking VBG at IN a DT recession NN , , '' '' Rep. NNP Panetta NNP said VBD yesterday NN in IN an DT interview NN . . 
6 `` `` That DT did VBD not RB happen VB . . 
11 They PRP learned VBD they PRP could MD survive VB it PRP without IN much JJ problem NN . . '' '' 
36 But CC administration NN officials NNS privately RB agree VBP with IN Mr. NNP Panetta NNP , , who WP said VBD a DT precipitous JJ drop NN this DT week NN `` `` is VBZ going VBG to TO force VB the DT president NN and CC Congress NNP to TO take VB a DT much JJ harder JJR look NN at IN fiscal JJ policy NN . . '' '' 
14 In IN that DT case NN , , there EX will MD be VB plenty NN of IN blame NN to TO go VB around RP . . 
61 `` `` There EX is VBZ an DT underlying JJ concern NN on IN the DT part NN of IN the DT American JJ people NNS -- : and CC there RB should MD be VB - : that IN the DT administration NN has VBZ not RB gone VBN far RB enough RB in IN cutting VBG this DT deficit NN and CC that IN Congress NNP has VBZ been VBN unwilling JJ to TO cut VB what WP the DT administration NN asked VBD us PRP to TO cut VB , , '' '' said VBD Senate NNP Finance NNP Committee NNP Chairman NNP Lloyd NNP Bentsen NNP -LRB- -LRB- D. NNP , , Texas NNP -RRB- -RRB- . . 
34 Nevertheless RB , , it PRP clearly RB will MD take VB more JJR than IN Friday NNP 's POS 190-point JJ decline NN to TO overcome VB the DT bitter JJ feelings NNS that WDT have VBP developed VBN between IN lawmakers NNS and CC White NNP House NNP Budget NNP Director NNP Richard NNP Darman NNP over IN the DT capital-gains NNS fight NN . . 
32 Hill NNP Democrats NNPS are VBP particularly RB angry JJ over IN Mr. NNP Bush NNP 's POS claim NN that IN the DT capital-gains NNS cut NN was VBD part NN of IN April NNP 's POS budget NN accord NN and CC his PRP$ insistence NN on IN combining VBG it PRP with IN the DT deficit-reduction NN legislation NN . . 
51 `` `` There EX is VBZ no DT prospect NN of IN any DT so-called JJ grand JJ compromise NN or CC deal NN next JJ year NN because IN the DT administration NN simply RB did VBD n't RB live VB up RP to TO this DT year NN 's POS deal NN , , '' '' Senate NNP Majority NNP Leader NNP George NNP Mitchell NNP -LRB- -LRB- D. NNP , , Maine NNP -RRB- -RRB- said VBD yesterday NN on IN CBS NNP News NNP 's POS `` `` Face NNP the DT Nation NNP . . '' '' 
27 During IN last JJ week NN 's POS maneuverings NNS on IN the DT deficit-cutting JJ bill NN and CC the DT capital-gains NNS issue NN , , there EX were VBD signs NNS that IN Senate NNP Republicans NNP and CC the DT administration NN were VBD at IN odds NNS . . 
38 At IN the DT very JJ moment NN that IN Senate NNP Republicans NNPS were VBD negotiating VBG a DT deal NN to TO exclude VB capital NN gains NNS from IN the DT deficit-reduction NN legislation NN , , White NNP House NNP spokesman NN Marlin NNP Fitzwater NNP told VBD reporters NNS that IN it PRP was VBD the DT president NN 's POS policy NN to TO include VB it PRP . . 
32 When WRB an DT agreement NN was VBD reached VBN to TO strip VB capital NN gains NNS from IN the DT legislation NN , , Oregon NNP Sen. NNP Bob NNP Packwood NNP , , the DT ranking JJ GOP NNP member NN of IN the DT tax-writing JJ Senate NNP Finance NNP Committee NNP , , hailed VBD it PRP . . 
21 Asked VBN if IN the DT administration NN agreed VBD , , he PRP curtly RB replied VBD : : `` `` The DT adminstration NN will MD have VB to TO speak VB for IN itself PRP . . '' '' 
33 Friday NNP 's POS market NN tumble NN could MD spur VB action NN on IN reconciling VBG the DT House NNP and CC Senate NNP versions NNS of IN the DT deficit-reduction NN measure NN , , a DT process NN that WDT is VBZ n't RB expected VBN to TO begin VB until IN tomorrow NN at IN the DT soonest JJS . . 
39 Senate NNP Republicans NNPS expressed VBD the DT hope NN that IN the DT House NN would MD follow VB the DT lead NN of IN the DT Senate NNP , , which WDT on IN Friday NNP agreed VBD to TO drop VB a DT variety NN of IN spending NN measures NNS and CC tax NN breaks NNS that WDT would MD have VB increased VBN the DT fiscal JJ 1990 CD deficit NN . . 
50 `` `` The DT market NN needs VBZ a DT strong JJ signal NN that IN we PRP 're VBP serious JJ about IN deficit NN reduction NN , , and CC the DT best JJS way NN to TO do VB that DT is VBZ for IN the DT House NNP of IN Representatives NNPS to TO strip VB their PRP$ bill NN '' '' of IN similar JJ provisions NNS , , Sen. NNP Warren NNP Rudman NNP -LRB- -LRB- R. NNP , , N.H NNP . . -RRB- -RRB- . . said VBD yesterday NN . . 
50 The DT White NNP House NNP Office NNP of IN Management NNP and CC Budget NNP , , whose WP$ calculations NNS determine VBP whether IN the DT Gramm-Rudman NNP targets NNS are VBP met VBN , , estimated VBD that IN the DT House-passed JJ deficit-reduction NN measure NN would MD cut VB the DT fiscal JJ 1990 CD shortfall NN by IN $ $ 6.2 CD billion CD , , almost RB half DT of IN the DT Congressional NNP Budget NNP Office NNP 's POS estimate NN of IN $ $ 11.0 CD billion CD . . 
32 Rep. NNP Panetta NNP said VBD that IN OMB NNP 's POS figure NN would MD still RB be VB enough JJ to TO avoid VB permanent JJ across-the-board NN cuts VBZ , , but CC added VBD : : `` `` We PRP 're VBP getting VBG very RB close RB to TO the DT margins NNS here RB . . '' '' 
20 No DT one NN in IN Washington NNP was VBD willing JJ to TO take VB the DT blame NN for IN provoking VBG Friday NNP 's POS drop NN in IN the DT stock NN market NN . . 
10 But CC some DT players NNS were VBD quick JJ to TO seize VB the DT moment NN . . 
42 Before IN the DT sun NN had VBD set VBN on IN Friday NNP , , Richard NNP Rahn NNP , , the DT supply-side JJ chief JJ economist NN of IN the DT U.S. NNP Chamber NNP of IN Commerce NNP , , issued VBD a DT statement NN attributing VBG the DT drop NN in IN stock NN prices NNS to TO the DT Senate NNP decision NN to TO postpone VB action NN on IN capital NN gains NNS . . 
25 `` `` Investors NNS , , who WP had VBD been VBN holding VBG assets NNS in IN anticipation NN of IN a DT more RBR favorable JJ time NN to TO sell VB , , were VBD spooked VBN , , '' '' he PRP said VBD . . 
38 `` `` There EX have VBP been VBN many JJ preposterous JJ reasons NNS advanced VBN to TO support VB a DT capital-gains NNS tax NN cut NN , , '' '' Sen. NNP Mitchell NNP said VBD during IN his PRP$ television NN appearance NN , , `` `` but CC I PRP suggest VBP that DT is VBZ perhaps RB more RBR than IN any DT of IN the DT others NNS . . 
25 The DT following JJ U.S. NNP Treasury NNP , , corporate JJ and CC municipal JJ offerings NNS are VBP tentatively RB scheduled VBN for IN sale NN this DT week NN , , according VBG to TO Dow NNP Jones NNP Capital NNP Markets NNP Report NNP : : 
9 $ $ 15.2 CD billion CD of IN three-month JJ and CC six-month JJ bills NNS . . 
12 Two-year JJ notes NNS , , refinancing VBG about RB $ $ 9.6 CD billion CD in IN maturing VBG debt NN . . 
7 $ $ 9.75 CD billion CD of IN 52-week JJ bills NNS . . 
6 Connecticut NNP Light NNP & CC Power NNP Co. NNP -- : 
12 Three CD million CD shares NNS of IN $ $ 25 CD preferred JJ , , via IN competitive JJ bidding NN . . 
5 B&H NNP Crude NNP Carriers NNP Ltd. NNP -- : 
10 Four CD million CD common JJ shares NNS , , via IN Salomon NNP Brothers NNP Inc NNP . . 
4 Baldwin NNP Technology NNP Co. NNP -- : 
14 2.6 CD million CD Class NNP A NNP shares NNS , , via IN Smith NNP Barney NNP Harris NNP Upham NNP & CC Co NNP . . 
4 Blockbuster NNP Entertainment NNP Corp. NNP -- : 
18 $ $ 250 CD million CD -LRB- -LRB- face NN amount NN -RRB- -RRB- Liquid NNP Yield NNP Option NNP Notes NNP , , via IN Merrill NNP Lynch NNP Capital NNP Markets NNP . . 
4 Chase NNP Manhattan NNP Corp. NNP -- : 
12 14 CD million CD common JJ shares NNS , , via IN Goldman NNP , , Sachs NNP & CC Co NNP . . 
3 Comcast NNP Corp. NNP -- : 
10 $ $ 150 CD million CD convertible JJ debentures NNS , , via IN Merrill NNP Lynch NNP . . 
3 CSS NNP Industries NNP -- : 
9 1.3 CD million CD common JJ shares NNS , , via IN Merrill NNP Lynch NNP . . 
4 Eastern NNP Utilities NNP Associates NNP -- : 
9 1.5 CD million CD common JJ shares NNS , , via IN PaineWebber NNP Inc NNP . . 
5 Employee NNP Benefit NNP Plans NNP Inc. NNP -- : 
11 Two CD million CD common JJ shares NNS , , via IN Dean NNP Witter NNP Capital NNP Markets NNP . . 
3 Exabyte NNP Corp. NNP -- : 
8 2,850,000 CD common JJ shares NNS , , via IN Goldman NNP Sachs NNP . . 
3 Knowledgeware NNP Inc. NNP -- : 
9 2.4 CD million CD common JJ shares NNS , , via IN Montgomery NNP Securities NNP . . 
2 Oregon NNP -- : 
18 $ $ 100 CD million CD of IN general JJ obligation NN veterans NNS ' POS tax NN notes NNS , , Series NNP 1989 CD , , via IN competitive JJ bid NN . . 
4 Washington NNP , , D.C. NNP -- : 
19 $ $ 200 CD million CD of IN 1990 CD general JJ obligation NN tax NN revenue NN notes NNS -LRB- -LRB- Series NNP 1990A NNP -RRB- -RRB- , , via IN competitive JJ bid NN . . 
5 Virginia NNP Public NNP School NNP Authority NNP -- : 
19 $ $ 55,730,000 CD of IN school NN financing NN bonds NNS , , 1989 CD Series NNP B NNP -LRB- -LRB- 1987 CD resolution NN -RRB- -RRB- , , via IN competitive JJ bid NN . . 
4 Austin NNP , , Texas NNP -- : 
39 $ $ 68,230,000 CD of IN various JJ bonds NNS , , including VBG $ $ 32 CD million CD hotel NN occupancy NN tax NN revenue NN bonds NNS , , Series NNP 1989A NNP , , and CC $ $ 36.23 CD million CD convention NN center NN revenue NN bonds NNS , , Series NNP 1989B NNP , , via IN a DT Morgan NNP Stanley NNP & CC Co. NNP group NN . . 
6 California NNP Health NNP Facilities NNP Financing NNP Authority NNP -- : 
14 $ $ 144.5 CD million CD of IN Kaiser NNP Permanente NNP revenue NN bonds NNS , , via IN a DT PaineWebber NNP group NN . . 
2 Connecticut NNP -- : 
25 $ $ 100 CD million CD of IN general JJ obligation NN capital NN appreciation NN bonds NNS , , College NNP Savings NNP Plan NNP , , 1989 CD Series NNP B NNP , , via IN a DT Prudential-Bache NNP Capital NNP Funding NNP group NN . . 
6 Pennsylvania NNP Higher NNP Education NNP Facilities NNP Authority NNP -- : 
19 $ $ 117 CD million CD of IN revenue NN bonds NNS for IN Hahnemann NNP University NNP , , Series NNP 1989 CD , , via IN a DT Merrill NNP Lynch NNP group NN . . 
4 Tennessee NNP Valley NNP Authority NNP -- : 
11 Three CD billion CD of IN power NN bonds NNS , , via IN First NNP Boston NNP Corp NNP . . 
9 University NNP of IN Medicine NNP And CC Dentistry NNP of IN New NNP Jersey NNP -- : 
13 $ $ 55 CD million CD of IN Series NNP C NNP bonds NNS , , via IN a DT Prudential-Bache NNP group NN . . 
10 West NNP Virginia NNP Parkways NNP , , Economic NNP Development NNP And CC Tourism NNP Authority NNP -- : 
16 $ $ 143 CD million CD of IN parkway NN revenue NN bonds NNS , , Series NN 1989 CD , , via IN a DT PaineWebber NNP group NN . . 
5 San NNP Antonio NNP , , Texas NNP -- : 
17 $ $ 640 CD million CD of IN gas NN and CC electric JJ revenue NN refunding NN bonds NNS , , via IN a DT First NNP Boston NNP group NN . . 
8 South NNP Dakota NNP Health NNP & CC Education NNP Facility NNP Authority NNP -- : 
22 $ $ 51.1 CD million CD of IN Rapid NNP City NNP Regional NNP Hospital NNP bonds NNS , , via IN a DT Dougherty NNP , , Dawkins NNP , , Strand NNP & CC Yost NNP Inc. NNP group NN . . 
38 Small JJ investors NNS matched VBD their PRP$ big JJ institutional JJ brethren NNS in IN anxiety NN over IN the DT weekend NN , , but CC most JJS seemed VBD to TO be VB taking VBG a DT philosophical JJ approach NN and CC said VBD they PRP were VBD resigned VBN to TO riding VBG out RP the DT latest JJS storm NN in IN the DT stock NN market NN . . 
33 `` `` I PRP 'm VBP not RB losing VBG faith NN in IN the DT market NN , , '' '' said VBD Boston NNP lawyer NN Christopher NNP Sullivan NNP as IN he PRP watched VBD the DT market NN plunge NN on IN a DT big JJ screen NN in IN front NN of IN a DT brokerage NN firm NN . . 
10 But CC he PRP 's VBZ not RB so RB sure JJ about IN everyone NN else RB . . 
36 `` `` I PRP think VBP on IN Monday NNP the DT small JJ -LRB- -LRB- investors NNS -RRB- -RRB- are VBP going VBG to TO panic VB and CC sell VB , , '' '' predicted VBD Mr. NNP Sullivan NNP , , whose WP$ investments NNS include VBP AMR NNP Corp. NNP 's POS American NNP Airlines NNP unit NN and CC several JJ mutual JJ funds NNS . . 
13 `` `` And CC I PRP think VBP institutions NNS are VBP going VBG to TO come VB in IN and CC buy VB ... : 
7 I PRP 'm VBP going VBG to TO hold VB on RP . . 
13 If IN I PRP sell VBP now RB , , I PRP 'll MD take VB a DT big JJ loss NN . . '' '' 
18 Some DT evinced VBD an DT optimism NN that WDT had VBD been VBN rewarded VBN when WRB they PRP did VBD n't RB flee VB the DT market NN in IN 1987 CD . . 
28 `` `` Oh UH , , I PRP bet VBP it PRP 'll MD be VB up RB 50 CD points NNS on IN Monday NNP , , '' '' said VBD Lucy NNP Crump NNP , , a DT 78-year-old JJ retired JJ housewife NN in IN Lexington NNP , , Ky NNP . . 
38 Mrs. NNP Crump NNP said VBD her PRP$ Ashwood NNP Investment NNP Club NNP 's POS portfolio NN lost VBD about RB one-third NN of IN its PRP$ value NN following VBG the DT Black NNP Monday NNP crash NN , , `` `` but CC no DT one NN got VBD discouraged VBN , , and CC we PRP gained VBD that DT back RP -- : and CC more JJR . . '' '' 
24 At IN the DT annual JJ congress NN of IN the DT National NNP Association NNP of IN Investors NNP Corp. NNP at IN the DT Hyatt NNP Regency NNP hotel NN in IN Minneapolis NNS , , the DT scene NN was VBD calm JJ . . 
20 Some RB 500 CD investors NNS representing VBG investor NN clubs NNS from IN around IN the DT U.S. NNP were VBD attending VBG when WRB the DT market NN started VBD to TO slide VB Friday NNP . . 
25 But CC Robert NNP Showalter NNP , , an DT official NN of IN the DT association NN , , said VBD no DT special JJ bulletins NNS or CC emergency NN meetings NNS of IN the DT investors NNS ' POS clubs NNS are VBP planned VBN . . 
21 In IN fact NN , , some DT of IN the DT association NN 's POS members NNS -- : long-term JJ , , buy-and-hold JJ investors NNS -- : welcomed VBD the DT drop NN in IN prices NNS . . 
24 `` `` We PRP hope VBP to TO take VB advantage NN of IN it PRP , , '' '' said VBD John NNP Snyder NNP , , a DT member NN of IN a DT Los NNP Angeles NNP investors NNS ' POS club NN . . 
18 He PRP has VBZ four CD stocks NNS in IN mind NN to TO buy VB if IN the DT prices NNS drop VBP to TO the DT level NN he PRP wants VBZ . . 
47 Not RB everyone NN is VBZ reacting VBG so RB calmly RB , , however RB , , and CC many JJ wonder VBP about IN the DT long-term JJ implications NNS of IN what WP is VBZ widely RB viewed VBN as IN the DT cause NN of IN Friday NNP 's POS slide NN , , reluctance NN by IN banks NNS to TO provide VB financing NN for IN a DT buy-out NN of IN UAL NNP Corp. NNP , , parent NN of IN United NNP Airlines NNP . . 
32 Marc NNP Perkins NNP , , a DT Tampa NNP , , Fla. NNP , , investment NN banker NN , , said VBD the DT market NN drop NN is VBZ one CD of IN `` `` a DT tremendous JJ number NN of IN signs NNS that IN the DT leveraged JJ take-out NN era NN is VBZ ending VBG . . 
15 There EX 's VBZ no DT question NN that IN there EX 's VBZ a DT general JJ distaste NN for IN leverage NN among IN lenders NNS . . 
34 '' '' Mr. NNP Perkins NNP believes VBZ , , however RB , , that IN the DT market NN could MD be VB stabilized VBN if IN California NNP investor NN Marvin NNP Davis NNP steps VBZ back RB in IN to TO the DT United NNP bidding NN with IN an DT offer NN of IN $ $ 275 CD a DT share NN . . 
28 Sara NNP Albert NNP , , a DT 34-year-old JJ Dallas NNP law NN student NN , , says VBZ she PRP 's VBZ generally RB skittish JJ about IN the DT stock NN market NN and CC the DT takeover NN activity NN that WDT seems VBZ to TO fuel VB it PRP . . 
30 `` `` I PRP have VBP this DT feeling NN that IN it PRP 's VBZ built VBN on IN sand NN , , '' '' she PRP says VBZ , , that IN the DT market NN rises VBZ `` `` but CC there EX 's VBZ no DT foundation NN to TO it PRP . . '' '' 
26 She PRP and CC her PRP$ husband NN pulled VBD most JJS of IN their PRP$ investments NNS out IN of IN the DT market NN after IN the DT 1987 CD crash NN , , although IN she PRP still RB owns VBZ some DT Texaco NNP stock NN . . 
40 Partly RB because IN of IN concern NN about IN the DT economy NN and CC partly RB because IN she PRP recently RB quit VBD her PRP$ job NN as IN a DT legal JJ assistant NN to TO go VB to TO school NN , , `` `` I PRP think VBP at IN this DT point NN we PRP want VBP to TO be VB a DT lot NN more RBR liquid JJ . . '' '' 
14 Others NNS wonder VBP how WRB many JJ more JJR of IN these DT shocks NNS the DT small JJ investor NN can MD stand VB . . 
19 `` `` We PRP all DT assumed VBD October NNP '87 CD was VBD a DT one-time JJ shot NN , , '' '' said VBD San NNP Francisco NNP attorney NN David NNP Greenberg NNP . . 
19 `` `` We PRP told VBD the DT little JJ guy NN it PRP could MD only RB happen VB once RB in IN a DT lifetime NN , , come VBN on RP back RB . . 
7 Now RB it PRP 's VBZ happening VBG again RB . . '' '' 
24 Mr. NNP Greenberg NNP got VBD out RP just RB before IN the DT 1987 CD crash NN and CC , , to TO his PRP$ regret NN , , never RB went VBD back RB even RB as IN the DT market NN soared VBD . . 
16 This DT time NN he PRP 's VBZ ready JJ to TO buy VB in RP `` `` when WRB the DT panic NN wears VBZ off RP . . '' '' 
18 Still RB , , he PRP adds VBZ : : `` `` We PRP ca MD n't RB have VB this DT kind NN of IN thing NN happen VB very RB often RB . . 
13 When WRB the DT little JJ guy NN gets VBZ frightened JJ , , the DT big JJ guys NNS hurt VBP badly RB . . 
11 Merrill NNP Lynch NNP ca MD n't RB survive VB without IN the DT little JJ guy NN . . '' '' 
18 Small JJ investors NNS have VBP tiptoed VBN back RB into IN the DT market NN following VBG Black NNP Monday NNP , , but CC mostly RB through IN mutual JJ funds NNS . . 
37 Discount JJ brokerage NN customers NNS `` `` have VBP been VBN in IN the DT market NN somewhat RB but CC not RB whole JJ hog NN like IN they PRP were VBD two CD years NNS ago RB , , '' '' says VBZ Leslie NNP Quick NNP Jr. NNP , , chairman NN of IN the DT Quick NNP & CC Reilly NNP discount JJ brokerage NN firm NN . . 
25 Hugo NNP Quackenbush NNP , , senior JJ vice NN president NN at IN Charles NNP Scwhab NNP Corp. NNP , , says VBZ Schwab NNP customers NNS `` `` have VBP been VBN neutral JJ to TO cautious JJ recently RB about IN stocks NNS . . '' '' 
13 Individual JJ investors NNS are VBP still RB angry JJ about IN program NN trading NN , , Mr. NNP Quackenbush NNP says VBZ . . 
32 Avner NNP Arbel NNP , , a DT Cornell NNP University NNP finance NN professor NN , , says VBZ government NN regulators NNS will MD have VB to TO more RBR closely RB control VB program NN trading NN to TO `` `` win VB back RP the DT confidence NN of IN the DT small JJ investor NN . . '' '' 
15 But CC it PRP 's VBZ not RB only RB the DT stock NN market NN that WDT has VBZ some DT small JJ investors NNS worried JJ . . 
33 Alan NNP Helfman NNP , , general JJ sales NNS manager NN of IN a DT Chrysler NNP dealership NN in IN Houston NNP , , said VBD he PRP and CC his PRP$ mother NN have VBP some DT joint JJ stock NN investments NNS , , but CC the DT overall JJ economy NN is VBZ his PRP$ chief JJ worry NN . . 
36 `` `` These DT high JJ rollers NNS took VBD a DT big JJ bath NN today NN , , '' '' he PRP said VBD in IN his PRP$ showroom NN , , which WDT is VBZ within IN a DT few JJ miles NNS of IN the DT multi-million JJ dollar NN homes NNS of IN some DT of IN Houston NNP 's POS richest JJS citizens NNS . . 
26 `` `` And CC I PRP can MD tell VB you PRP that IN a DT high JJ roller NN is VBZ n't RB going VBG to TO come VB in IN tomorrow NN and CC buy VB a DT Chrysler NNP TC NNP by IN Maserati NNP . . '' '' 
9 And CC , , finally RB , , there EX were VBD the DT gloaters NNS . . 
7 `` `` I PRP got VBD out RP in IN 1987 CD . . 
28 Everything NN , , '' '' said VBD Pascal NNP Antori NNP , , an DT Akron NNP , , Ohio NNP , , plumbing NN contractor NN who WP was VBD visiting VBG Chicago NNP and CC stopped VBD by IN Fidelity NNP Investments NNP ' POS LaSalle NNP Street NNP office NN . . 
15 `` `` I PRP just RB stopped VBD by RP to TO see VB how WRB much JJ I PRP would MD have VB lost VBN . . '' '' 
8 Would MD Mr. NNP Antori NNP ever RB get VB back RB in RP ? . 
5 `` `` Are VBP you PRP kidding VBG ! . 
13 When WRB it PRP comes VBZ to TO money NN : : Once RB bitten VBN , , 2,000 CD times NNS shy JJ . . 
15 The DT crowded JJ field NN for IN notebook-sized JJ computers NNS is VBZ about RB to TO become VB a DT lot NN more RBR crowded JJ . . 
41 Compaq NNP Computer NNP Corp. NNP 's POS long-awaited JJ entry NN today NN into IN the DT notebook NN field NN is VBZ expected VBN to TO put VB immediate JJ heat NN on IN others NNS in IN the DT market NN , , especially RB Zenith NNP Electronics NNP Corp. NNP , , the DT current JJ market NN leader NN , , and CC on IN a DT swarm NN of IN promising JJ start-ups NNS . . 
16 Compaq NNP 's POS series NN of IN notebooks NNS extends VBZ a DT trend NN toward IN downsizing NN in IN the DT personal JJ computer NN market NN . . 
23 One CD manufacturer NN already RB has VBZ produced VBN a DT clipboard-sized JJ computer NN called VBD a DT notepad NN , , and CC two CD others NNS have VBP introduced VBN even RB smaller JJR `` `` palmtops NNS . . '' '' 
20 But CC those DT machines NNS are VBP still RB considered VBN novelties NNS , , with IN keyboards NNS only RB a DT munchkin NN could MD love VB and CC screens VBZ to TO match VB . . 
26 Compaq NNP 's POS notebooks NNS , , by IN contrast NN , , may MD be VB the DT first JJ in IN their PRP$ weight NN class NN not RB to TO skimp VB on IN features NNS found VBN in IN much RB bigger JJR machines NNS . . 
31 Analysts NNS say VBP they PRP 're VBP faster JJR and CC carry VBP more JJR memory NN than IN anything NN else RB of IN their PRP$ size NN on IN the DT market NN -- : and CC they PRP 're VBP priced VBN aggressively RB at IN $ $ 2,400 CD to TO $ $ 5,000 CD . . 
19 All DT of IN this DT comes VBZ in IN a DT machine NN that WDT weighs VBZ only RB six CD pounds NNS and CC fits VBZ comfortably RB into IN most JJS briefcases NNS . . 
37 In IN recent JJ months NNS , , Compaq NNP 's POS competition NN , , including VBG Zenith NNP , , Toshiba NNP Corp. NNP , , Tandy NNP Corp. NNP and CC NEC NNP Corp. NNP all DT have VBP introduced VBN portables NNS that WDT weigh VBP approximately RB the DT same JJ and CC that WDT are VBP called VBN notebooks NNS -- : perhaps RB misleadingly RB . . 
20 One CD analyst NN , , noting VBG that IN most JJS such JJ machines NNS are VBP about RB two CD inches NNS thick JJ , , takes VBZ exception NN to TO the DT name NN . . 
18 `` `` This DT is VBZ n't RB quite RB a DT notebook NN -- : I PRP call VBP it PRP a DT phonebook NN , , '' '' he PRP says VBZ . . 
26 That DT ca MD n't RB be VB said VBD of IN the DT $ $ 2,400 CD notepad NN computer NN introduced VBN a DT few JJ weeks NNS ago RB by IN GRiD NNP Systems NNP Corp. NNP , , a DT unit NN of IN Tandy NNP . . 
24 Instead RB of IN a DT keyboard NN , , it PRP features VBZ a DT writing NN surface NN , , an DT electronic JJ pen NN and CC the DT ability NN to TO `` `` read VB '' '' block JJ printing NN . . 
27 At IN 4 CD 1\/2 CD pounds NNS , , it PRP may MD be VB too RB ambitiously RB named VBN , , but CC it PRP nevertheless RB opens VBZ up RP the DT kind NN of IN marketing NN possibilities NNS that WDT make VBP analysts NNS froth VB . . 
6 Palmtops NNS are VBP n't RB far RB behind RB . . 
50 Atari NNP Corp. NNP 's POS Portfolio NNP , , introduced VBN in IN Europe NNP two CD months NNS ago RB and CC in IN the DT U.S. NNP in IN early JJ September NNP , , weighs VBZ less RBR than IN a DT pound NN , , costs VBZ a DT mere JJ $ $ 400 CD and CC runs VBZ on IN three CD AA NN batteries NNS , , yet CC has VBZ the DT power NN to TO run VB some DT spreadsheets NNS and CC word NN processing NN programs NNS . . 
19 Some DT critics NNS , , however RB , , say VB its PRP$ ability NN to TO run VB commonplace JJ programs NNS is VBZ restricted VBN by IN a DT limited JJ memory NN . . 
31 Poquet NNP Computer NNP Corp. NNP , , meanwhile RB , , has VBZ introduced VBN a DT much RB more RBR sophisticated JJ palmtop NN that WDT can MD run VB Lotus NNP 1-2-3 NNP and CC other JJ sophisticated JJ software NN programs NNS , , but CC costs VBZ five CD times NNS as RB much JJ . . 
45 At IN stake NN is VBZ what WP Mike NNP Swavely NNP , , Compaq NNP 's POS president NN of IN North NNP America NNP operations NNS , , calls VBZ `` `` the DT Holy NNP Grail NNP of IN the DT computer NN industry NN '' '' -- : the DT search NN for IN `` `` a DT real JJ computer NN in IN a DT package NN so RB small JJ you PRP can MD take VB it PRP everywhere RB . . '' '' 
15 The DT market NN is VBZ so RB new JJ , , nobody NN knows VBZ yet RB how WRB big JJ it PRP can MD be VB . . 
32 `` `` I PRP 've VBP had VBD a DT lot NN of IN people NNS trying VBG to TO sell VB me PRP services NNS to TO find VB out RP how WRB big JJ it PRP is VBZ , , '' '' says VBZ Tom NNP Humphries NNP , , director NN of IN marketing NN for IN GRiD NNP . . 
17 `` `` Whether IN it PRP 's VBZ $ $ 5 CD billion CD or CC $ $ 3.5 CD billion CD , , it PRP does VBZ n't RB matter NN . . 
5 It PRP 's VBZ huge JJ . . '' '' 
17 Consider VB the DT growth NN of IN portables NNS , , which WDT now RB comprise VBP 12 CD % NN of IN all DT personal JJ computer NN sales NNS . . 
22 Laptops NNS -- : generally RB anything NN under IN 15 CD pounds NNS -- : have VBP become VBN the DT fastest-growing JJ personal JJ computer NN segment NN , , with IN sales NNS doubling VBG this DT year NN . . 
15 Responding VBG to TO that DT demand NN , , however RB , , has VBZ led VBN to TO a DT variety NN of IN compromises NNS . . 
8 Making VBG computers NNS smaller JJR often RB means VBZ sacrificing VBG memory NN . . 
20 It PRP also RB has VBZ precluded VBN use NN of IN the DT faster JJR , , more RBR powerful JJ microprocessors NNS found VBN in IN increasing VBG numbers NNS of IN desktop JJ machines NNS . . 
10 Size NN and CC weight NN considerations NNS also RB have VBP limited VBN screen NN displays NNS . . 
10 The DT competitive JJ sniping NN can MD get VB pretty RB petty JJ at IN times NNS . . 
23 A DT Poquet NNP spokesman NN , , for IN example NN , , criticizes VBZ the DT Atari NNP Portfolio NNP because IN it PRP requires VBZ three CD batteries NNS while IN the DT Poquet NNP needs VBZ only RB two CD . . 
33 Both DT palmtops NNS are VBP dismissed VBN by IN notebook NN makers NNS , , who WP argue VBP that IN they PRP 're VBP too RB small JJ -- : a DT problem NN Poquet NNP also RB encountered VBD in IN focus NN groups NNS , , admits VBZ Gerry NNP Purdy NNP , , director NN of IN marketing NN . . 
28 Poquet NNP , , trying VBG to TO avoid VB the DT `` `` gadget NN '' '' label NN , , responded VBD with IN the DT tag NN line NN , , `` `` The DT Poquet NNP PC NNP -- : a DT Very NNP Big NNP Computer NNP . . '' '' 
20 Despite IN the DT sniping NN , , few JJ question NN the DT inevitability NN of IN the DT move NN to TO small JJ machines NNS that WDT do VBP n't RB make VB compromises NNS . . 
23 Toward IN that DT end NN , , experts NNS say VBP the DT real JJ battle NN will MD take VB place NN between IN center-stage JJ players NNS like IN Toshiba NNP , , Zenith NNP and CC now RB Compaq NNP . . 
40 Compaq NNP 's POS new JJ machines NNS are VBP considered VBN a DT direct JJ threat NN to TO start-up JJ firms NNS like IN Dynabook NNP Inc. NNP , , which WDT introduced VBD in IN June NNP a DT computer NN that WDT , , like IN Compaq NNP 's POS , , uses VBZ an DT Intel NNP 286 CD microprocessor NN and CC has VBZ a DT hard JJ disk NN drive NN . . 
15 But CC the DT Dynabook NNP product NN is VBZ twice RB as IN heavy JJ and CC costs NNS more JJR than IN Compaq NNP 's POS . . 
40 Compaq NNP 's POS announcement NN also RB spells VBZ trouble NN for IN Zenith NNP , , which WDT last JJ year NN had VBD 28 CD % NN of IN the DT U.S. NNP laptop NN market NN but CC recently RB agreed VBD to TO sell VB its PRP$ computer NN business NN to TO Cie. NNP des NNP Machines NNP Bull NNP , , the DT French JJ government-owned JJ computer NN maker NN . . 
30 Zenith NNP holders NNS will MD vote VB in IN December NNP on IN the DT proposed JJ $ $ 635 CD million CD sale NN , , a DT price NN that WDT could MD slip VB because IN it PRP is VBZ pegged VBN to TO Zenith NNP 's POS share NN and CC sales NNS . . 
11 Compaq NNP is VBZ already RB taking VBG aim NN at IN Zenith NNP 's POS market NN share NN . . 
41 Rod NNP Canion NNP , , Compaq NNP 's POS president NN and CC chief JJ executive JJ officer NN , , notes VBZ pointedly RB that IN Zenith NNP 's POS $ $ 2,000 CD MinisPort NNP uses VBZ an DT `` `` unconventional JJ '' '' two-inch JJ floppy JJ disk NN , , whereas IN Compaq NNP 's POS new JJ machines NNS use VBP the DT more RBR common JJ 3 CD 1\/2-inch JJ disk NN . . 
33 John NNP P. NNP Frank NNP , , president NN of IN Zenith NNP Data NNP Systems NNP , , simply RB shrugs NNS off RP such JJ criticism NN , , noting VBG that IN 3 CD 1\/2-inch JJ floppies NNS were VBD also RB `` `` unconventional JJ '' '' when WRB they PRP first RB replaced VBD five-inch JJ disks NNS . . 
26 `` `` We PRP do VBP n't RB look VB at IN it PRP as IN not RB being VBG a DT standard NN , , we PRP look VBP at IN it PRP as IN a DT new JJ standard NN , , '' '' he PRP argues VBZ . . 
8 Analysts NNS do VBP n't RB see VB it PRP that DT way NN . . 
40 `` `` I PRP ca MD n't RB imagine VB that IN you PRP 'll MD talk VB to TO anyone NN who WP wo MD n't RB tell VB you PRP this DT is VBZ dynamite NN for IN Compaq NNP and CC a DT stopper NN for IN everyone NN else RB , , '' '' says VBZ Gene NNP Talsky NNP , , president NN of IN Professional NNP Marketing NNP Management NNP Inc NNP . . 
27 Adds NNP Bill NNP Lempesis NNP , , senior JJ industry NN analyst NN for IN DataQuest NNP , , a DT high-technology NN market NN research NN firm NN : : `` `` We PRP basically RB think VBP that IN these DT are VBP very RB hot JJ products NNS . . 
21 The DT problem NN Compaq NNP is VBZ going VBG to TO have VB is VBZ that IN they PRP wo MD n't RB be VB able JJ to TO make VB enough JJ of IN them PRP . . '' '' 
42 Compaq NNP 's POS machines NNS include VBP the DT 3 CD 1\/2-inch JJ floppy JJ disk NN drive NN , , a DT backlit JJ screen NN that WDT is VBZ only RB 1\/4-inch JJ thick JJ and CC an DT internal JJ expansion NN slot NN for IN a DT modem NN -- : in IN other JJ words NNS , , almost RB all PDT the DT capabilities NNS of IN a DT typical JJ office NN machine NN . . 
20 Others NNS undoubtedly RB will MD follow VB , , but CC most JJS analysts NNS believe VBP Compaq NNP has VBZ at IN least JJS a DT six-month JJ lead NN on IN the DT competition NN . . 
54 Toshiba NNP 's POS line NN of IN portables NNS , , for IN example NN , , features VBZ the DT T-1000 NNP , , which WDT is VBZ in IN the DT same JJ weight NN class NN but CC is VBZ much RB slower JJR and CC has VBZ less JJR memory NN , , and CC the DT T-1600 NNP , , which WDT also RB uses VBZ a DT 286 CD microprocessor NN , , but CC which WDT weighs VBZ almost RB twice RB as IN much JJ and CC is VBZ three CD times NNS the DT size NN . . 
41 A DT third JJ model NN , , marketed VBN in IN Japan NNP , , may MD hit VB the DT U.S. NNP by IN the DT end NN of IN the DT first JJ quarter NN of IN 1990 CD , , but CC by IN then RB , , analysts NNS say VBP , , Compaq NNP will MD have VB established VBN itself PRP as IN one CD of IN three CD major JJ players NNS . . 
5 What WP about IN Big NNP Blue NNP ? . 
32 International NNP Business NNP Machines NNP Corp. NNP , , analysts NNS say VBP , , has VBZ been VBN burned VBN twice RB in IN trying VBG to TO enter VB the DT laptop NN market NN and CC shows VBZ no DT signs NNS of IN trying VBG to TO get VB into IN notebooks NNS anytime RB soon RB . . 
20 Honeywell NNP Inc. NNP and CC International NNP Business NNP Machines NNP Corp. NNP received VBD Air NNP Force NNP contracts NNS to TO develop VB integrated JJ circuits NNS for IN use NN in IN space NN . . 
15 Honeywell NNP 's POS contract NN totaled VBD $ $ 69.7 CD million CD , , and CC IBM NNP 's POS $ $ 68.8 CD million CD . . 
19 Boeing NNP Co. NNP received VBD a DT $ $ 46.7 CD million CD Air NNP Force NNP contract NN for IN developing VBG cable NN systems NNS for IN the DT Minuteman NNP Missile NNP . . 
16 General NNP Dynamics NNP Corp. NNP received VBD a DT $ $ 29 CD million CD Air NNP Force NNP contract NN for IN electronic-warfare NN training NN sets NNS . . 
14 Grumman NNP Corp. NNP received VBD an DT $ $ 18.1 CD million CD Navy NNP contract NN to TO upgrade VB aircraft NN electronics NNS . . 
13 Avco NNP Corp. NNP received VBD an DT $ $ 11.8 CD million CD Army NNP contract NN for IN helicopter NN engines NNS . . 
43 Sharp JJ increases NNS in IN the DT price NN of IN fresh JJ produce NN caused VBD Spain NNP 's POS September NNP consumer NN price NN index NN to TO shoot VB up RB 1.1 CD % NN from IN the DT previous JJ month NN , , pushing VBG the DT annual JJ rate NN of IN inflation NN to TO 6.8 CD % NN , , the DT National NNP Institute NNP of IN Statistics NNP said VBD Friday NNP . . 
13 The DT monthly JJ increase NN is VBZ the DT highest RB recorded VBN in IN the DT past JJ four CD years NNS . . 
26 The DT index NN , , which WDT registered VBD 156.8 CD at IN the DT end NN of IN September NNP , , has VBZ a DT base NN of IN 100 CD set NN in IN 1983 CD and CC is VBZ n't RB seasonally RB adjusted VBN . . 
42 Prices NNS have VBP risen VBN 5.9 CD % NN in IN the DT first JJ nine CD months NNS of IN the DT year NN , , outstripping VBG both CC the DT initial JJ 3 CD % NN inflation NN goal NN set VBN by IN the DT government NN of IN Socialist NNP Prime NNP Minister NNP Felipe NNP Gonzalez NNP and CC the DT second JJ , , revised VBN goal NN of IN 5.8 CD % NN . . 
30 Japan NNP 's POS wholesale JJ prices NNS in IN September NNP rose VBD 3.3 CD % NN from IN a DT year NN earlier RBR and CC were VBD up RB 0.4 CD % NN from IN the DT previous JJ month NN , , the DT Bank NNP of IN Japan NNP announced VBD Friday NNP . . 
16 The DT wholesale JJ price NN index NN stood VBD at IN 90.1 CD , , compared VBN with IN a DT 1985 CD base NN of IN 100 CD . . 
2 Plunge NN ? . 
3 What WDT plunge NN ? . 
24 Twenty-four CD New NNP York NNP Stock NNP Exchange NNP issues NNS hit VBD 52-week JJ highs NNS during IN Friday NNP 's POS trading NN , , despite IN the DT Dow NNP Jones NNP Industrial NNP Average NNP 's POS 190.58-point JJ plunge NN . . 
15 Stocks NNS of IN utilities NNS held VBD up RP relatively RB better RBR than IN other JJ market NN sectors NNS during IN the DT sell-off NN . . 
17 And CC among IN the DT issues NNS hitting VBG new JJ highs NNS were VBD Detroit NNP Edison NNP Co. NNP and CC Niagara NNP Mohawk NNP Power NNP Corp NNP . . 
26 Other JJ major JJ issues NNS hitting VBG highs NNS included VBD American NNP Telephone NNP & CC Telegraph NNP Co. NNP , , Westinghouse NNP Electric NNP Corp. NNP , , Exxon NNP Corp. NNP and CC Cigna NNP Corp. NNP , , the DT big JJ insurer NN . . 
13 Of IN course NN , , many JJ more JJR issues NNS -- : 93 CD -- : hit VBP new JJ lows NNS . . 
26 These DT included VBD International NNP Business NNP Machines NNP Corp. NNP , , which WDT during IN Friday NNP 's POS session NN traded VBD below IN $ $ 100 CD a DT share NN for IN the DT first JJ time NN since IN June NNP 1984 CD . . 
10 IBM NNP closed VBD at IN $ $ 102 CD , , down RB $ $ 5.625 CD . . 
26 Other JJ new JJ lows NNS included VBD Navistar NNP International NNP Corp. NNP , , Union NNP Carbide NNP Corp. NNP and CC Bethlehem NNP Steel NNP Corp. NNP , , all DT of IN which WDT are VBP included VBN in IN the DT industrial JJ average NN . . 
20 Meanwhile RB , , two CD initial JJ public JJ offerings NNS braved VBD the DT cascading JJ market NN in IN their PRP$ maiden JJ day NN of IN national JJ over-the-counter JJ trading NN Friday NNP . . 
50 Shares NNS of IN Rally NNP 's POS Inc. NNP , , an DT operator NN of IN fast-food NN restaurants NNS , , closed VBD at IN $ $ 17 CD each DT , , up RB from IN its PRP$ $ $ 15 CD offering NN price NN and CC shares NNS of IN Employee NNP Benefit NNP Plans NNP Inc. NNP , , a DT health-care NN consultant NN , , closed VBD at IN $ $ 14.125 CD , , up RB from IN its PRP$ $ $ 12 CD offering NN price NN . . 
15 Ford NNP Motor NNP Co. NNP said VBD it PRP acquired VBD 5 CD % NN of IN the DT shares NNS in IN Jaguar NNP PLC NNP . . 
24 Jaguar NNP , , the DT London NNP Stock NNP Exchange NNP and CC the DT U.S. NNP Securities NNP and CC Exchange NNP Commission NNP are VBP being VBG notified VBN of IN the DT transactions NNS , , the DT company NN said VBD . . 
29 The DT U.S. NNP Federal NNP Trade NNP Commission NNP advised VBD Ford NNP last JJ week NN that IN it PRP would MD n't RB raise VB any DT objection NN to TO the DT acquisition NN of IN as RB much JJ as IN 15 CD % NN of IN Jaguar NNP shares NNS . . 
34 The DT No. NN 2 CD auto NN maker NN disclosed VBD last JJ month NN that IN it PRP wants VBZ to TO buy VB as RB much JJ as IN 15 CD % NN of IN the DT British JJ luxury-car NN maker NN , , the DT maximum NN allowed VBN under IN current JJ United NNP Kingdom NNP government NN restrictions NNS . . 
21 General NNP Motors NNP Corp. NNP said VBD it PRP had VBD discussed VBN the DT possibility NN of IN a DT joint JJ venture NN with IN Jaguar NNP before IN Ford NNP began VBD buying VBG shares NNS . . 
14 GM NNP said VBD it PRP still RB is VBZ talking VBG with IN Jaguar NNP about IN acquiring VBG a DT minority NN interest NN . . 
28 Investors NNS who WP bought VBD stock NN with IN borrowed JJ money NN -- : that DT is VBZ , , `` `` on IN margin NN '' '' -- : may MD be VB more RBR worried JJ than IN most JJS following VBG Friday NNP 's POS market NN drop NN . . 
25 That DT 's VBZ because IN their PRP$ brokers NNS can MD require VB them PRP to TO sell VB some DT shares NNS or CC put VB up RP more JJR cash NN to TO enhance VB the DT collateral NN backing VBG their PRP$ loans NNS . . 
21 In IN October NNP 1987 CD , , these DT margin NN calls NNS were VBD thought VBN to TO have VB contributed VBN to TO the DT downward JJ spiral NN of IN the DT stock NN market NN . . 
21 Typically RB , , a DT margin NN call NN occurs VBZ when WRB the DT price NN of IN a DT stock NN falls VBZ below IN 75 CD % NN of IN its PRP$ original JJ value NN . . 
24 If IN the DT investor NN does VBZ n't RB put VB up RP the DT extra JJ cash NN to TO satisfy VB the DT call NN , , the DT brokerage NN firm NN may MD begin VB liquidating VBG the DT securities NNS . . 
19 But CC some DT big JJ brokerage NN firms NNS said VBD they PRP do VBP n't RB expect VB major JJ problems NNS as IN a DT result NN of IN margin NN calls NNS . . 
24 Margin NN calls NNS since IN Friday NNP `` `` have VBP been VBN higher JJR than IN usual JJ , , but CC reasonable JJ , , '' '' a DT spokesman NN for IN Shearson NNP Lehman NNP Hutton NNP Inc. NNP said VBD . . 
37 Merrill NNP Lynch NNP & CC Co. NNP officials NNS `` `` do VBP n't RB expect VB -LCB- -LRB- margin NN calls NNS -RCB- -RRB- to TO be VB as RB big JJ a DT factor NN as IN in IN 1987 CD '' '' because IN fewer JJR individual JJ investors NNS are VBP buying VBG stock NN on IN margin NN , , a DT spokesman NN said VBD . . 
33 Hugo NNP Quackenbush NNP , , senior JJ vice NN president NN at IN Charles NNP Schwab NNP Corp. NNP , , the DT San NNP Francisco-based JJ discount JJ brokerage NN firm NN , , said VBD he PRP did VBD n't RB expect VB any DT immediate JJ problems NNS with IN margin NN calls NNS for IN Schwab NNP customers NNS . . 
17 He PRP said VBD Schwab NNP had VBD increased VBN margin NN requirements NNS `` `` so IN customers NNS have VBP more JJR of IN a DT cushion NN . . '' '' 
13 He PRP added VBD : : `` `` We PRP learned VBD a DT lesson NN in IN 1987 CD about IN volatility NN . . 
22 Avis NNP Inc. NNP , , following VBG rival NN Hertz NNP Corp. NNP 's POS lead NN , , said VBD it PRP is VBZ backing VBG out IN of IN frequent-flier JJ programs NNS with IN three CD airlines NNS . . 
41 The DT Garden NNP City NNP , , N.Y. NNP , , car-rental JJ company NN said VBD it PRP wo MD n't RB renew VB contracts NNS with IN NWA NNP Inc. NNP 's POS Northwest NNP Airlines NNP unit NN , , Pan NNP Am NNP Corp. NNP 's POS Pan NNP American NNP World NNP Airways NNP unit NN and CC Midway NNP Airlines NNP at IN the DT end NN of IN this DT year NN . . 
18 But CC it PRP remains VBZ involved JJ in IN programs NNS with IN AMR NNP Corp. NNP 's POS American NNP Airlines NNP unit NN and CC Delta NNP Air NNP Lines NNP . . 
21 Industry NN estimates NNS put VBD Avis NNP 's POS annual JJ cost NN of IN all DT five CD programs NNS at IN between IN $ $ 8 CD million CD and CC $ $ 14 CD million CD . . 
28 A DT spokesman NN for IN Avis NNP would MD n't RB specify VB the DT costs NNS but CC said VBD the DT three CD airlines NNS being VBG dropped VBN account NN for IN `` `` far RB less JJR than IN half DT '' '' of IN the DT total NN . . 
29 Budget NNP Rent NNP a DT Car NNP Corp. NNP , , of IN Chicago NNP , , and CC National NNP Car NNP Rental NNP Systems NNP Inc. NNP , , of IN Minneapolis NNP , , both DT said VBD they PRP had VBD no DT plans NNS to TO follow VB suit NN . . 
29 In IN fact NN , , Budget NNP indicated VBD it PRP saw VBD some DT benefit NN to TO staying VBG involved JJ in IN these DT programs NNS , , in IN which WDT renters NNS earn VBP frequent-flier JJ miles NNS and CC fliers NNS can MD get VB car-rental JJ discounts NNS . . 
32 `` `` I PRP can MD not RB see VB how WRB this DT news NN by IN Hertz NNP and CC Avis NNP can MD not RB benefit VB Budget NNP 's POS programs NNS , , '' '' said VBD Bob NNP Wilson NNP , , Budget NNP 's POS vice NN president NN , , marketing NN planning NN . . 
15 Northwest NNP and CC Midway NNP are VBP two CD of IN the DT five CD airlines NNS with IN which WDT Budget NNP has VBZ agreements NNS . . 
24 National NNP also RB participates VBZ in IN the DT Northwest NNP frequent-flier JJ program NN along IN with IN four CD other JJ airlines NNS , , including VBG Delta NNP and CC USAir NNP Group NNP Inc. NNP 's POS USAir NNP unit NN . . 
63 A DT month NN ago RB , , Hertz NNP , , of IN Park NNP Ridge NNP , , N.J. NNP , , said VBD that IN it PRP would MD drop VB its PRP$ marketing NN agreements NNS at IN year NN end NN with IN Delta NNP , , America NNP West NNP and CC Texas NNP Air NNP Corp. NNP 's POS Continental NNP Airlines NNP and CC Eastern NNP Airlines NNP , , and CC that IN pacts NNS with IN American NNP Airlines NNP , , UAL NNP Inc NNP 's POS United NNP Airlines NNP and CC USAir NNP also RB would MD be VB ended VBN ... : sometime RB after IN Dec. NNP 31 CD . . 
29 At IN the DT time NN , , Hertz NNP said VBD its PRP$ annual JJ fees NNS to TO those DT airlines NNS amounted VBD to TO $ $ 20 CD million CD and CC that IN the DT value NN of IN redeemed VBN awards NNS topped VBD $ $ 15 CD million CD . . 
13 Analysts NNS and CC competitors NNS , , however RB , , doubt VBP the DT numbers NNS were VBD that RB high JJ . . 
14 Budget NNP said VBD its PRP$ frequent-flier JJ costs NNS are VBP `` `` substantially RB below IN '' '' Avis NNP 's POS level NN . . 
30 Robert NNP D. NNP Cardillo NNP , , Avis NNP vice NN president NN of IN marketing NN , , said VBD , , `` `` The DT proliferation NN and CC costs NNS attached VBN to TO -LCB- -LRB- frequent-flier JJ programs NNS -RCB- -RRB- have VBP significantly RB diminished VBN their PRP$ value NN . . '' '' 
25 This DT year NN has VBZ been VBN difficult JJ for IN both DT Hertz NNP and CC Avis NNP , , said VBD Charles NNP Finnie NNP , , car-rental JJ industry NN analyst NN at IN Alex NNP . . Brown NNP & CC Sons NNP . . 
26 `` `` They PRP 've VBP been VBN looking VBG to TO get VB their PRP$ costs NNS down RB , , and CC this DT is VBZ a DT fairly RB sensible JJ way NN to TO do VB it PRP , , '' '' he PRP said VBD . . 
20 CBS NNP Inc. NNP is VBZ cutting VBG `` `` The NNP Pat NNP Sajak NNP Show NNP '' '' down RB to TO one CD hour NN from IN its PRP$ current JJ 90 CD minutes NNS . . 
28 CBS NNP insisted VBD the DT move NN was VBD n't RB a DT setback NN for IN the DT program NN , , which WDT is VBZ the DT network NN 's POS first JJ entry NN into IN the DT late-night JJ talk NN show NN format NN since IN 1972 CD . . 
42 `` `` I PRP have VBP every DT intention NN of IN making VBG this DT the DT best JJS possible JJ show NN and CC having VBG it PRP run VB one CD hour NN is VBZ the DT best JJS way NN to TO it PRP , , '' '' said VBD Rod NNP Perth NNP , , who WP was VBD named VBN vice NN president NN of IN late JJ night NN entertainment NN in IN August NNP . . 
12 `` `` This DT will MD raise VB the DT energy NN level NN of IN the DT show NN . . '' '' 
13 CBS NNP will MD continue VB to TO program VB action-adventure JJ shows NNS to TO follow VB the DT Sajak NNP hour NN . . 
19 But CC CBS NNP News NNP will MD extend VB its PRP$ four-hour JJ `` `` Nightwatch NNP '' '' by IN 30 CD minutes NNS and CC begin VB at IN 1:30 CD a.m RB . . 
52 The DT show NN , , despite IN a DT promising JJ start NN , , has VBZ slipped VBN badly RB in IN the DT weekly JJ ratings NNS as IN compiled VBN by IN A.C. NNP Nielsen NNP Co. NNP , , finishing VBG far RB below IN `` `` Tonight NNP '' '' on IN NBC NNP , , a DT unit NN of IN General NNP Electric NNP Co. NNP , , and CC `` `` Nightline NNP '' '' on IN ABC-TV NNP , , a DT unit NN of IN Capital NNP Cities\/ABC NNP Inc NNP . . 
22 Further RB fractioning VBG the DT late-night JJ audience NN is VBZ the DT addition NN of IN the DT `` `` Arsenio NNP Hall NNP Show NNP , , '' '' syndicated VBN by IN Paramount NNP Communications NNP Inc NNP . . 
38 Tandem NNP Computers NNP Inc. NNP , , preparing VBG to TO fight VB with IN International NNP Business NNP Machines NNP Corp. NNP for IN a DT piece NN of IN the DT mainframe JJ business NN , , said VBD it PRP expects VBZ to TO post VB higher JJR revenue NN and CC earnings NNS for IN its PRP$ fiscal JJ fourth JJ quarter NN ended VBD Sept. NNP 30 CD . . 
23 Tandem NNP said VBD it PRP expects VBZ to TO report VB revenue NN of IN about RB $ $ 450 CD million CD and CC earnings NNS of IN 35 CD cents NNS to TO 40 CD cents NNS a DT share NN . . 
33 The DT results NNS , , which WDT are VBP in IN line NN with IN analysts NNS ' POS estimates NNS , , reflect VBP `` `` a DT continued JJ improvement NN in IN our PRP$ U.S. NNP business NN , , '' '' said VBD James NNP Treybig NNP , , Tandem NNP 's POS chief JJ executive JJ officer NN . . 
27 In IN the DT year-earlier JJ period NN , , Tandem NNP reported VBD net JJ income NN of IN $ $ 30.1 CD million CD , , or CC 31 CD cents NNS a DT share NN , , on IN revenue NN of IN $ $ 383.9 CD million CD . . 
13 Tandem NNP expects VBZ to TO report VB the DT full JJ results NNS for IN the DT quarter NN next IN week NN . . 
32 Analysts NNS have VBP predicted VBN that IN the DT Cupertino NNP , , Calif. NNP , , company NN will MD report VB revenue NN of IN $ $ 430 CD million CD to TO $ $ 460 CD million CD and CC earnings NNS of IN 35 CD cents NNS to TO 40 CD cents NNS a DT share NN . . 
43 Commenting VBG on IN the DT results NNS for IN the DT quarter NN , , Mr. NNP Treybig NNP said VBD the DT strength NN of IN the DT company NN 's POS domestic JJ business NN came VBD as IN `` `` a DT surprise NN '' '' to TO him PRP , , noting VBG that IN sales NNS `` `` in IN every DT region NN of IN the DT U.S. NNP exceeded VBD our PRP$ plan NN . . '' '' 
20 The DT company NN 's POS U.S. NNP performance NN was VBD helped VBN by IN `` `` a DT record JJ quarter NN for IN new JJ customers NNS , , '' '' he PRP said VBD . . 
28 Tandem NNP makes VBZ `` `` fault-tolerant JJ '' '' computers NNS -- : machines NNS with IN built-in JJ backup JJ systems NNS -- : that WDT run VBP stock NN exchanges NNS , , networks NNS of IN automatic JJ tellers NNS and CC other JJ complex JJ computer NN systems NNS . . 
30 Tomorrow NN the DT company NN is VBZ scheduled VBN to TO announce VB its PRP$ most JJS powerful JJ computer NN ever RB , , which WDT for IN the DT first JJ time NN will MD bring VB it PRP into IN direct JJ competition NN with IN makers NNS of IN mainframe JJ computers NNS . . 
9 Tandem NNP 's POS new JJ high-end JJ computer NN is VBZ called VBN Cyclone NNP . . 
21 Prices NNS for IN the DT machine NN , , which WDT can MD come VB in IN various JJ configurations NNS , , are VBP $ $ 2 CD million CD to TO $ $ 10 CD million CD . . 
22 Analysts NNS expect VBP the DT new JJ computer NN to TO wrest VB a DT hefty JJ slice NN of IN business NN away RB from IN IBM NNP , , the DT longtime JJ leader NN in IN mainframes NNS . . 
32 `` `` We PRP believe VBP they PRP could MD siphon VB perhaps RB two CD to TO three CD billion CD dollars NNS from IN IBM NNP '' '' over IN the DT next JJ few JJ years NNS , , said VBD George NNP Weiss NNP , , an DT analyst NN at IN the DT Gartner JJR group NN . . 
7 That DT will MD spur VB Tandem NNP 's POS growth NN . . 
31 `` `` I PRP 'd MD be VB disappointed JJ if IN the DT company NN grew VBD by IN less JJR than IN 20 CD % NN next JJ year NN , , '' '' said VBD John NNP Levinson NNP , , an DT analyst NN at IN Goldman NNP , , Sachs NNP & CC Co NNP . . 
31 IBM NNP is VBZ expected VBN to TO respond VB to TO Tandem NNP 's POS Cyclone NNP by IN discounting VBG its PRP$ own JJ mainframes NNS , , which WDT analysts NNS say VBP are VBP roughly RB three CD times NNS the DT price NN of IN a DT comparable JJ system NN from IN Tandem NNP . . 
16 `` `` Obviously RB IBM NNP can MD give VB bigger JJR discounts NNS to TO users NNS immediately RB , , '' '' said VBD Mr. NNP Weiss NNP . . 
33 But CC Mr. NNP Treybig NNP questions NNS whether IN that DT will MD be VB enough JJ to TO stop VB Tandem NNP 's POS first JJ mainframe NN from IN taking VBG on RP some DT of IN the DT functions NNS that WDT large JJ organizations NNS previously RB sought VBD from IN Big NNP Blue NNP 's POS machines NNS . . 
16 `` `` The DT answer NN is VBZ n't RB price NN reductions NNS , , but CC new JJ systems NNS , , '' '' he PRP said VBD . . 
27 Nevertheless RB , , Tandem NNP faces VBZ a DT variety NN of IN challenges NNS , , the DT biggest JJS being NN that IN customers NNS generally RB view VBP the DT company NN 's POS computers NNS as IN complementary JJ to TO IBM NNP 's POS mainframes NNS . . 
24 Even RB Mr. NNP Treybig NNP is VBZ reluctant JJ to TO abandon VB this DT notion NN , , insisting VBG that IN Tandem NNP 's POS new JJ machines NNS are VBP n't RB replacements NNS for IN IBM NNP 's POS mainframes NNS . . 
13 `` `` We PRP 're VBP after IN a DT little JJ bigger JJR niche NN , , '' '' he PRP said VBD . . 
5 Do VB n't RB jump VB yet RB . . 
16 The DT stock NN market NN 's POS swoon NN may MD turn VB out RP to TO be VB good JJ news NN for IN the DT economy NN . . 
27 In IN one CD wild JJ hour NN of IN trading VBG , , the DT market NN managed VBD to TO accomplish VB what WP the DT Bush NNP administration NN has VBZ been VBN trying VBG to TO do VB , , unsuccessfully RB , , for IN weeks NNS . . 
24 It PRP is VBZ forcing VBG the DT Federal NNP Reserve NNP to TO ease VB its PRP$ grip NN on IN credit NN and CC it PRP took VBD the DT wind NN out IN of IN a DT previously RB irrepressible JJ dollar NN . . 
23 The DT resulting VBG decline NN in IN interest NN rates NNS and CC the DT value NN of IN the DT dollar NN could MD reinvigorate VB American JJ business NN -- : indeed RB , , the DT entire JJ economy NN . . 
6 This DT may MD sound VB strangely RB optimistic JJ . . 
22 After IN all DT , , until IN a DT few JJ years NNS ago RB , , the DT stock NN market NN was VBD viewed VBN as IN a DT barometer NN of IN the DT national JJ economy NN . . 
13 When WRB it PRP went VBD down RB , , by IN all DT tradition NN , , the DT economy NN followed VBD . . 
21 That DT has VBZ changed VBN , , partly RB because IN the DT two CD years NNS following VBG the DT worst JJS stock-market NN plunge NN in IN history NN have VBP been VBN reasonably RB comfortable JJ . . 
22 The DT 1987 CD crash NN was VBD `` `` a DT false JJ alarm NN however WRB you PRP view VBP it PRP , , '' '' says VBZ University NNP of IN Chicago NNP economist NN Victor NNP Zarnowitz NNP . . 
12 The DT market NN seems VBZ increasingly RB disconnected JJ from IN the DT rest NN of IN the DT nation NN . . 
23 Its PRP$ spasms NNS ca MD n't RB be VB traced VBN to TO fundamental JJ business NN conditions NNS , , nor CC do VB they PRP appear VBP to TO presage VB major JJ shifts NNS in IN the DT economy NN . . 
25 `` `` The DT market NN today NN has VBZ a DT life NN of IN its PRP$ own JJ , , '' '' John NNP Akers NNP , , chairman NN of IN International NNP Business NNP Machines NNP Corp. NNP , , said VBD Saturday NNP . . 
12 `` `` There EX 's VBZ nothing NN rational JJ about IN this DT kind NN of IN action NN . . '' '' 
20 Of IN course NN , , the DT health NN of IN the DT economy NN will MD be VB threatened VBN if IN the DT market NN continues VBZ to TO dive VB this DT week NN . . 
27 Sharply RB falling VBG stock NN prices NNS do VBP reduce VB consumer NN wealth NN , , damage VB business NN confidence NN and CC discourage VB the DT foreign JJ investors NNS upon IN whom WP the DT U.S. NNP now RB relies VBZ for IN financial JJ sustenance NN . . 
10 The DT financial-services NNS industry NN was VBD battered VBN by IN the DT 1987 CD crash NN . . 
24 What WP 's VBZ more JJR , , although IN the DT stock NN market NN is VBZ far RB less RBR overvalued JJ today NN than IN two CD years NNS ago RB , , the DT U.S. NNP economy NN is VBZ weaker JJR . . 
4 Growth NN is VBZ slower JJR . . 
4 Profits NNS are VBP softer JJR . . 
5 Debt NN burdens NNS are VBP heavier JJR . . 
26 But CC if IN the DT stock NN market NN does VBZ n't RB continue VB to TO plummet VB , , the DT beneficial JJ effects NNS of IN lower JJR interest NN rates NNS and CC a DT lower JJR dollar NN may MD well RB dominate VB . . 
30 The DT Fed NNP , , which WDT until IN Friday NNP had VBD been VBN resisting VBG moves NNS to TO ease VB credit NN , , is VBZ now RB poised VBN to TO pour VB money NN into IN the DT economy NN if IN needed VBN to TO soothe VB the DT markets NNS . . 
18 Fed NNP officials NNS may MD protest VB that IN this DT does VBZ n't RB necessarily RB mean VB a DT fundamental JJ change NN in IN their PRP$ interest-rate NN policies NNS . . 
25 But CC the DT experience NN of IN the DT 1987 CD crash NN suggests VBZ the DT Fed NNP is VBZ likely JJ to TO bring VB down RP short-term JJ interest NN rates NNS in IN its PRP$ effort NN to TO calm VB markets NNS . . 
33 Anticipating VBG the DT Fed NNP 's POS move NN , , money NN traders NNS lowered VBD a DT key JJ interest NN rate NN known VBN as IN the DT Federal NNP Funds NNP rate NN to TO 8.625 CD % NN late RB Friday NNP , , down RB from IN 8.820 CD % NN the DT day NN before RB . . 
33 Tiny JJ movements NNS in IN the DT rate NN , , which WDT is VBZ what WP banks NNS charge VBP each DT other JJ for IN overnight JJ loans NNS , , are VBP usually RB among IN the DT few JJ visible JJ tracks NNS that WDT the DT Fed NNP leaves VBZ on IN the DT monetary JJ markets NNS . . 
26 The DT dollar NN also RB began VBD to TO decline VB Friday NNP as IN the DT stock NN market NN 's POS plunge NN caused VBD some DT investors NNS to TO reassess VB their PRP$ desire NN to TO invest VB in IN the DT U.S. NNP . . 
34 Treasury NNP officials NNS have VBP been VBN arguing VBG for IN months NNS that IN the DT dollar NN 's POS strength NN was VBD out IN of IN whack NN with IN economic JJ fundamentals NNS , , threatening VBG to TO extinguish VB the DT export NN boom NN that WDT has VBZ sustained VBN manufacturers NNS for IN several JJ years NNS . . 
19 The DT market NN drop NN has VBZ now RB apparently RB convinced VBN foreign JJ investors NNS that IN the DT Treasury NNP was VBD right JJ about IN the DT overpriced JJ dollar NN . . 
22 A DT modest JJ drop NN in IN the DT dollar NN -- : only RB a DT modest JJ one CD , , mind VB you PRP -- : would MD be VB welcomed VBN by IN the DT U.S. NNP . . 
43 That DT was VBD n't RB the DT case NN in IN 1987 CD , , when WRB the DT dollar NN was VBD so RB weak JJ that IN some DT economists NNS and CC government NN officials NNS seriously RB worried VBD that IN it PRP might MD collapse VB , , producing VBG panic NN among IN foreign JJ investors NNS and CC diminishing VBG the DT flow NN of IN foreign JJ capital NN to TO the DT U.S. NNP . . 
12 Another DT big JJ difference NN between IN 1987 CD and CC 1989 CD is VBZ n't RB so RB comforting JJ . . 
19 In IN the DT third JJ quarter NN of IN 1987 CD , , the DT economy NN spurted VBD at IN an DT inflation-adjusted JJ annual JJ rate NN of IN 5.3 CD % NN . . 
27 The DT consensus NN among IN economists NNS is VBZ that IN it PRP grew VBD a DT much RB more RBR sluggish JJ 2.3 CD % NN in IN the DT third JJ quarter NN of IN 1989 CD , , which WDT ended VBD two CD weeks NNS ago RB . . 
37 The DT plunge NN in IN stock NN prices NNS `` `` is VBZ happening VBG at IN a DT time NN when WRB the DT economy NN has VBZ already RB slowed VBN down RP , , '' '' says VBZ economist NN Lawrence NNP Chimerine NNP of IN WEFA NNP Group NNP , , a DT Bala NNP Cynwyd NNP , , Pa. NNP , , forecasting NN company NN . . 
10 `` `` A DT lot NN of IN pent-up JJ demand NN is VBZ gone VBN . . '' '' 
36 Consumer NN spending NN did VBD drop VB in IN the DT months NNS following VBG Black NNP Monday NNP 1987 CD -- : `` `` but CC only RB slightly RB and CC for IN a DT short JJ period NN of IN time NN , , '' '' recalls VBZ Mr. NNP Zarnowitz NNP , , a DT longtime JJ student NN of IN business NN cycles NNS . . 
8 `` `` That DT was VBD offset VBN by IN strength NN elsewhere RB . . 
18 -LCB- -LRB- The DT effects NNS -RCB- -RRB- were VBD much RB less RBR severe JJ and CC less RBR prolonged JJ than IN some DT had VBD feared VBN or CC expected VBN . . 
32 '' '' Today NN , , he PRP frets VBZ , , exports NNS and CC business NN investment NN spending NN may MD be VB insufficient JJ to TO pick VB up RP the DT slack JJ if IN stock NN prices NNS sink VBP this DT week NN and CC if IN consumers NNS retrench VBP in IN reaction NN . . 
17 What WP 's VBZ more JJR , , the DT corporate JJ borrowing NN binge NN has VBZ n't RB abated VBN in IN the DT past JJ two CD years NNS . . 
28 `` `` We PRP 've VBP had VBN two CD more JJR years NNS of IN significant JJ accumulation NN of IN debt NN ... : just RB at IN the DT time NN when WRB earnings NNS are VBP being VBG squeezed VBN , , '' '' Mr. NNP Chimerine NNP notes VBZ . . 
18 The DT more RBR a DT company NN relies VBZ on IN borrowed VBN money NN , , the DT greater JJR its PRP$ sensitivity NN to TO an DT economic JJ slowdown NN . . 
24 A DT company NN with IN a DT strong JJ balance NN sheet NN can MD withstand VB an DT unanticipated JJ storm NN ; : a DT highly RB leveraged JJ company NN may MD end VB up RP in IN bankruptcy NN court NN . . 
23 The DT Fed NNP , , of IN course NN , , knows VBZ that DT very RB well RB -- : hence RB its PRP$ readiness NN to TO pump VB credit NN into IN the DT economy NN this DT morning NN . . 
12 But CC , , in IN the DT process NN , , the DT Fed NNP risks VBZ reigniting VBG inflation NN . . 
46 Even RB before IN Friday NNP 's POS events NNS , , Harvard NNP University NNP economist NN Benjamin NNP Friedman NNP was VBD arguing VBG that IN the DT Fed NNP wo MD n't RB be VB able JJ to TO live VB up RP to TO its PRP$ tough JJ words NNS on IN eliminating VBG inflation NN because IN of IN its PRP$ responsibility NN to TO protect VB fragile JJ financial JJ markets NNS , , banks NNS and CC highly RB leveraged JJ corporations NNS . . 
24 The DT biggest JJS threat NN on IN the DT economic JJ horizon NN right RB now RB is VBZ n't RB recession NN , , he PRP reasons VBZ ; : it PRP 's VBZ an DT outbreak NN of IN uncontrolled JJ inflation NN . . 
20 In IN the DT end NN , , the DT 1987 CD collapse NN suggested VBD , , the DT economy NN does VBZ n't RB move VB in IN lockstep NN with IN stock NN prices NNS . . 
18 The DT economy NN does VBZ , , however RB , , depend VB on IN the DT confidence NN of IN businesses NNS , , consumers NNS and CC foreign JJ investors NNS . . 
11 A DT panic NN on IN Wall NNP Street NNP does VBZ n't RB exactly RB inspire VB confidence NN . . 
10 Surveys NNS suggested VBD that IN consumer NN confidence NN was VBD high JJ before IN Friday NNP . . 
26 A DT 190-point JJ drop NN is VBZ n't RB likely JJ to TO make VB much JJ of IN a DT dent NN ; : multiply VB that IN a DT few JJ times NNS over RB , , though RB , , and CC it PRP will MD . . 
32 If IN the DT reactions NNS of IN executives NNS gathered VBD Saturday NNP at IN Hot NNP Springs NNP , , Va. NNP , , for IN the DT Business NNP Council NNP meetings NNS are VBP typical JJ , , business NN leaders NNS were VBD n't RB overly RB rattled VBN by IN Friday NNP 's POS decline NN . . 
25 And CC if IN foreign JJ investors NNS become VBP a DT tad NN more RBR cautious JJ -- : well RB , , the DT dollar NN 's POS recent JJ strength NN suggests VBZ that IN the DT U.S. NNP can MD stand VB it PRP . . 
22 On IN the DT bottom JJ line NN , , the DT most RBS comforting JJ fact NN for IN the DT economic JJ outlook NN is VBZ that IN we PRP 've VBP been VBN through IN this DT before RB . . 
19 Two CD years NNS ago RB , , about RB the DT only JJ point NN of IN comparison NN was VBD the DT 1929 CD crash NN and CC the DT subsequent JJ Depression NN . . 
7 The DT doomsayers NNS had VBD a DT receptive JJ audience NN . . 
13 The DT prosperity NN that WDT followed VBD Black NNP Monday NNP permits VBZ a DT more RBR optimistic JJ view NN today NN . . 
22 At IN the DT very RB least JJS , , the DT establishment NN here RB is VBZ taking VBG comfort NN from IN the DT nation NN 's POS success NN in IN handling VBG the DT last JJ go-around NN . . 
21 As IN Sen. NNP Lloyd NNP Bentsen NNP -LRB- -LRB- D. NNP , , Texas NNP -RRB- -RRB- observed VBD yesterday NN , , `` `` The DT Fed NNP avoided VBD a DT meltdown JJ last JJ time NN . . 
7 They PRP are VBP more RBR sophisticated JJ this DT time NN . . 
26 The DT chemical NN industry NN is VBZ expected VBN to TO report VB that IN profits NNS eroded VBD in IN the DT third JJ quarter NN because IN of IN skidding VBG prices NNS in IN the DT commodity NN end NN of IN the DT business NN . . 
24 Producers NNS of IN commodity NN chemicals NNS , , the DT basic JJ chemicals NNS produced VBN in IN huge JJ volumes NNS for IN other JJ manufacturers NNS , , have VBP seen VBN sharp JJ inventory NN cutting NN by IN buyers NNS . . 
28 Once RB the DT chief JJ beneficiaries NNS of IN the DT industry NN 's POS now RB fading VBG boom NN , , these DT producers NNS also RB will MD be VB reporting VBG against IN exceptionally RB strong JJ performances NNS in IN the DT 1988 CD third JJ quarter NN . . 
32 `` `` For IN some DT of IN these DT companies NNS , , this DT will MD be VB the DT first JJ quarter NN with IN year-to-year JJ negative JJ comparisons NNS , , '' '' says VBZ Leonard NNP Bogner NNP , , a DT chemical NN industry NN analyst NN at IN Prudential NNP Bache NNP Research NNP . . 
14 `` `` This DT could MD be VB the DT first JJ of IN five CD or CC six CD down JJ quarters NNS . . '' '' 
42 Perhaps RB most RBS prominent JJ , , Dow NNP Chemical NNP Co. NNP , , which WDT as IN of IN midyear NN had VBD racked VBN up RP eight CD consecutive JJ record JJ quarters NNS , , is VBZ expected VBN to TO report VB that DT profit NN decreased VBD in IN the DT latest JJS quarter NN from IN a DT year NN earlier RBR , , if IN only RB by IN a DT shade NN . . 
29 Though IN Dow NNP has VBZ aggressively RB diversified VBN into IN specialty NN chemicals NNS and CC pharmaceuticals NNS , , the DT company NN still RB has VBZ a DT big JJ stake NN in IN polyethylene NN , , which WDT is VBZ used VBN in IN packaging NN and CC housewares NNS . . 
44 Analysts NNS ' POS third-quarter JJ estimates NNS for IN the DT Midland NNP , , Mich. NNP , , company NN are VBP between IN $ $ 3.20 CD a DT share NN and CC $ $ 3.30 CD a DT share NN , , compared VBN with IN $ $ 3.36 CD a DT year NN ago RB , , when WRB profit NN was VBD $ $ 632 CD million CD on IN sales NNS of IN $ $ 4.15 CD billion CD . . 
10 A DT Dow NNP spokeswoman NN declined VBD to TO comment VB on IN the DT estimates NNS . . 
37 At IN the DT investment NN firm NN of IN Smith NNP Barney NNP , , Harris NNP Upham NNP & CC Co. NNP , , the DT commodity-chemical JJ segment NN is VBZ seen VBN pulling VBG down RP overall JJ profit NN for IN 20 CD companies NNS representative JJ of IN the DT whole JJ industry NN by IN 8 CD % NN to TO 10 CD % NN . . 
31 `` `` You PRP will MD find VB the DT commodities NNS off RB more RBR than IN the DT others NNS and CC the DT diversified JJ companies NNS about RB even JJ or CC slightly RB better JJR , , '' '' says VBZ James NNP Wilbur NNP , , a DT Smith NNP Barney NNP analyst NN . . 
17 First NNP Boston NNP Corp. NNP projects VBZ that IN 10 CD of IN the DT 15 CD companies NNS it PRP follows VBZ will MD report VB lower JJR profit NN . . 
9 Most JJS of IN the DT 10 CD have VBP big JJ commodity-chemical JJ operations NNS . . 
24 Still RB , , some DT industry NN giants NNS are VBP expected VBN to TO report VB continuing JJ gains NNS , , largely RB because IN so RB much JJ of IN their PRP$ business NN is VBZ outside IN commodity NN chemicals NNS . . 
19 Du NNP Pont NNP Co. NNP is VBZ thought VBN to TO have VB had VBD steady JJ profit NN growth NN in IN white JJ pigments NNS , , fibers NNS and CC polymers NNS . . 
29 Moreover RB , , the DT Wilmington NNP , , Del. NNP , , company NN is VBZ helped VBN when WRB prices NNS weaken VBP on IN the DT commodity NN chemicals NNS it PRP buys VBZ for IN its PRP$ own JJ production NN needs NNS , , such JJ as IN ethylene NN . . 
24 Analysts NNS are VBP divided VBN over IN whether IN Du NNP Pont NNP will MD report VB much JJ of IN a DT gain NN in IN the DT latest JJS quarter NN from IN its PRP$ Conoco NNP Inc. NNP oil NN company NN . . 
15 The DT estimates NNS for IN Du NNP Pont NNP range NN from IN $ $ 2.25 CD to TO $ $ 2.45 CD a DT share NN . . 
26 In IN the DT 1988 CD third JJ quarter NN , , the DT company NN earned VBD $ $ 461 CD million CD , , or CC $ $ 1.91 CD a DT share NN , , on IN sales NNS of IN $ $ 7.99 CD billion CD . . 
6 Du NNP Pont NNP declined VBD to TO comment VB . . 
36 Monsanto NNP Co. NNP , , too RB , , is VBZ expected VBN to TO continue VB reporting VBG higher JJR profit NN , , even RB though IN its PRP$ sales NNS of IN crop NN chemicals NNS were VBD hurt VBN in IN the DT latest JJS quarter NN by IN drought NN in IN northern JJ Europe NNP and CC the DT western JJ U.S. NNP . . 
22 The DT St. NNP Louis-based JJ company NN is VBZ expected VBN to TO report VB again RB that IN losses NNS in IN its PRP$ G.D. NNP Searle NNP & CC Co. NNP pharmaceutical JJ business NN are VBP narrowing VBG . . 
31 Searle NNP continued VBD to TO operate VB in IN the DT red NN through IN the DT first JJ half NN of IN the DT year NN , , but CC Monsanto NNP has VBZ said VBD it PRP expects VBZ Searle NNP to TO post VB a DT profit NN for IN all DT of IN 1989 CD . . 
14 Most JJS estimates NNS for IN Monsanto NNP run VBP between IN $ $ 1.70 CD and CC $ $ 2 CD a DT share NN . . 
27 A DT year NN ago RB , , the DT company NN posted VBD third-quarter JJ profit NN of IN $ $ 116 CD million CD , , or CC $ $ 1.67 CD a DT share NN , , on IN sales NNS of IN $ $ 2.02 CD billion CD . . 
5 Monsanto NNP declined VBD to TO comment VB . . 
14 But CC the DT commodity-chemical JJ producers NNS are VBP caught VBN on IN the DT downside NN of IN a DT pricing NN cycle NN . . 
25 By IN some DT accounts NNS on IN Wall NNP Street NNP and CC in IN the DT industry NN , , the DT inventory NN reductions NNS are VBP near IN an DT end NN , , which WDT may MD presage VB firmer JJR demand NN . . 
16 But CC doubters NNS say VBP growing VBG production NN capacity NN could MD keep VB pressure NN on IN prices NNS into IN the DT early JJ 1990s NNS . . 
15 In IN the DT latest JJS quarter NN , , at IN least JJS , , profit NN is VBZ expected VBN to TO fall VB sharply RB . . 
24 For IN Himont NNP Inc. NNP , , `` `` how WRB far RB down RB it PRP is VBZ , , we PRP do VBP n't RB know VB , , '' '' says VBZ Leslie NNP Ravitz NNP at IN Salomon NNP Brothers NNP . . 
40 The DT projections NNS are VBP in IN the DT neighborhood NN of IN 50 CD cents NNS a DT share NN to TO 75 CD cents NNS , , compared VBN with IN a DT restated JJ $ $ 1.65 CD a DT share NN a DT year NN earlier RBR , , when WRB profit NN was VBD $ $ 107.8 CD million CD on IN sales NNS of IN $ $ 435.5 CD million CD . . 
43 Himont NNP faces VBZ lower JJR prices NNS for IN its PRP$ mainstay NN product NN , , polypropylene NN , , while IN it PRP goes VBZ forward RB with IN a DT heavy JJ capital NN investment NN program NN to TO bolster VB its PRP$ raw JJ material NN supply NN and CC develop VB new JJ uses NNS for IN polypropylene NN , , whose WP$ markets NNS include VBP the DT packaging NN and CC automobile NN industries NNS . . 
34 The DT company NN , , based VBN in IN Wilmington NNP , , Del. NNP , , is VBZ 81%-owned JJ by IN Montedison NNP S.p NNP . . A. NNP , , Milan NNP , , which WDT has VBZ an DT offer NN outstanding JJ for IN the DT Himont NNP shares NNS it PRP does VBZ n't RB already RB own VB . . 
31 At IN Quantum NNP Chemical NNP Corp. NNP , , New NNP York NNP , , the DT trouble NN is VBZ lower JJR prices NNS for IN polyethylene NN , , higher JJR debt NN costs NNS and CC the DT idling NN of IN an DT important JJ plant NN due RB to TO an DT explosion NN . . 
22 Some DT analysts NNS hedge VBP their PRP$ estimates NNS for IN Quantum NNP , , because IN it PRP is VBZ n't RB known VBN when WRB the DT company NN will MD book VB certain JJ one-time JJ charges NNS . . 
12 But CC the DT estimates NNS range VBP from IN break-even JJ to TO 35 CD cents NNS a DT share NN . . 
25 In IN the DT 1988 CD third JJ quarter NN , , Quantum NNP earned VBD $ $ 99.8 CD million CD , , or CC $ $ 3.92 CD a DT share NN , , on IN sales NNS of IN $ $ 724.4 CD million CD . . 
48 Another DT big JJ polyethylene NN producer NN , , Union NNP Carbide NNP Corp. NNP , , is VBZ expected VBN to TO post VB profit NN of IN between IN $ $ 1 CD a DT share NN and CC $ $ 1.25 CD , , compared VBN with IN $ $ 1.56 CD a DT share NN a DT year NN earlier RBR , , when WRB the DT company NN earned VBD $ $ 213 CD million CD on IN sales NNS of IN $ $ 2.11 CD billion CD . . 
11 Himont NNP , , Quantum NNP and CC Union NNP Carbide NNP all DT declined VBD to TO comment VB . . 
32 The DT following JJ were VBD among IN Friday NNP 's POS offerings NNS and CC pricings NNS in IN the DT U.S. NNP and CC non-U.S. JJ capital NN markets NNS , , with IN terms NNS and CC syndicate NN manager NN , , as IN compiled VBN by IN Dow NNP Jones NNP Capital NNP Markets NNP Report NNP : : 
4 Dow NNP Chemical NNP Co. NNP -- : 
18 $ $ 150 CD million CD of IN 8.55 CD % NN senior JJ notes NNS due JJ Oct. NNP 15 CD , , 2009 CD , , priced VBN at IN par NN . . 
34 The DT issue NN , , which WDT is VBZ puttable JJ back RB to TO the DT company NN at IN par NN on IN Oct. NNP 15 CD , , 1999 CD , , was VBD priced VBN at IN a DT spread NN of IN 50 CD basis NN points NNS above IN the DT Treasury NNP 's POS 10-year JJ note NN . . 
32 Rated VBN single-A-1 JJ by IN Moody NNP 's POS Investors NNP Service NNP Inc. NNP and CC single-A JJ by IN Standard NNP & CC Poor NNP 's POS Corp. NNP , , the DT non-callable JJ issue NN will MD be VB sold VBN through IN underwriters NNS led VBN by IN Merrill NNP Lynch NNP Capital NNP Markets NNP . . 
4 Centel NNP Capital NNP Corp. NNP -- : 
21 $ $ 150 CD million CD of IN 9 CD % NN debentures NNS due JJ Oct. NNP 15 CD , , 2019 CD , , priced VBN at IN 99.943 CD to TO yield VB 9.008 CD % NN . . 
28 The DT non-callable JJ issue NN , , which WDT can MD be VB put VBN back RB to TO the DT company NN in IN 1999 CD , , was VBD priced VBN at IN 99 CD basis NN points NNS above IN the DT Treasury NNP 's POS 10-year JJ note NN . . 
24 Rated VBN Baa-1 JJ by IN Moody NNP 's POS and CC triple-B-plus JJ by IN S&P NNP , , the DT issue NN will MD be VB sold VBN through IN underwriters NNS led VBN by IN Morgan NNP Stanley NNP & CC Co NNP . . 
6 Federal NNP Home NNP Loan NNP Mortgage NNP Corp. NNP -- : 
16 $ $ 500 CD million CD of IN Remic NNP mortgage NN securities NNS offered VBN in IN 13 CD classes NNS by IN Prudential-Bache NNP Securities NNP Inc NNP . . 
35 The DT offering NN , , Series NNP 102 CD , , backed VBN by IN Freddie NNP Mac NNP 8 CD 1\/2 CD % NN securities NNS with IN a DT weighted JJ average NN remaining VBG term NN to TO maturity NN of IN 28.4 CD years NNS , , was VBD priced VBN before IN the DT market NN 's POS afternoon NN surge NN . . 
35 Among IN classes NNS for IN which WDT details NNS were VBD available JJ , , yields NNS ranged VBD from IN 8.78 CD % NN , , or CC 75 CD basis NN points NNS over IN two-year JJ Treasury NNP securities NNS , , to TO 10.05 CD % NN , , or CC 200 CD basis NN points NNS over IN 10-year JJ Treasurys NNPS . . 
6 Federal NNP Home NNP Loan NNP Mortgage NNP Corp. NNP -- : 
14 $ $ 300 CD million CD of IN Remic NNP mortgage NN securities NNS offered VBN by IN Citicorp NNP Securities NNP Markets NNP Inc NNP . . 
16 The DT offering NN , , Series NNP 101 CD , , is VBZ backed VBN by IN Freddie NNP Mac NNP 9 CD 1\/2 CD % NN securities NNS . . 
7 Pricing NN details NNS were VBD n't RB immediately RB available JJ . . 
6 Federal NNP Home NNP Loan NNP Mortgage NNP Corp. NNP -- : 
13 $ $ 200 CD million CD of IN stripped JJ mortgage NN securities NNS underwritten VBN by IN BT NNP Securities NNP Corp NNP . . 
32 The DT agency NN 's POS first JJ strips NNS issue NN , , collateralized VBN by IN Freddie NNP Mac NNP 8 CD % NN securities NNS pooled VBN into IN a DT single JJ security NN called VBN a DT Giant NNP , , will MD be VB divided VBN into IN interest-only JJ and CC principal-only JJ securities NNS . . 
10 The DT collateral NN is VBZ being VBG sold VBN by IN a DT thrift NN institution NN . . 
24 The DT principal-only JJ securities NNS will MD be VB repackaged VBN by IN BT NNP Securities NNP into IN a DT Freddie NNP Mac NNP Remic NNP , , Series NNP 103 CD , , that WDT will MD have VB six CD classes NNS . . 
11 The DT interest-only JJ securities NNS will MD be VB sold VBN separately RB by IN BT NNP Securities NNP . . 
23 The DT principal-only JJ securities NNS pay VBP the DT principal NN from IN the DT underlying JJ Freddie NNP Mac NNP 8 CD % NN securities NNS , , while IN the DT interest-only JJ securities NNS pay VBP only JJ interest NN . . 
34 Freddie NNP Mac NNP said VBD the DT principal-only JJ securities NNS were VBD priced VBN at IN 58 CD 1\/4 CD to TO yield VB 8.45 CD % NN , , assuming VBG an DT average JJ life NN of IN eight CD years NNS and CC a DT prepayment NN of IN 160 CD % NN of IN the DT PSA NNP model NN . . 
13 The DT interest-only JJ securities NNS were VBD priced VBN at IN 35 CD 1\/2 CD to TO yield VB 10.72 CD % NN . . 
13 There EX were VBD no DT major JJ Eurobond NNP or CC foreign JJ bond NN offerings NNS in IN Europe NNP Friday NNP . .