( S ( NP-SBJ ( NP ( NNP Kellogg ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN been ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ successful ) ) ( PP ( IN in ) ( S-NOM ( VP ( VBG capitalizing ) ( PP-CLR ( IN on ) ( NP ( NP ( NP ( DT the ) ( NN public ) ( POS 's ) ) ( JJ health-oriented ) ( NN desire ) ) ( PP ( IN for ) ( NP ( NN oat ) ( NN bran ) ) ) ) ) ) ) ) ( PP ( IN as ) ( NP ( JJ rival ) ( NNP General ) ( NNP Mills ) ( NNP Inc. ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG losing ) ( NP ( NN share ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( ADJP ( QP ( CD 6 ) ( CD billion ) ) ) ( JJ ready-to-eat ) ( NN cereal ) ( NN market ) ) ) ) ) ) )

Kellogg which has n't been as successful in capitalizing on the public 's health-oriented desire for oat bran as rival General Mills Inc. has been losing share in the 6 billion ready-to-eat cereal market


( S ( NP-SBJ-1 ( NP ( NNP Kellogg ) ( POS 's ) ) ( JJ current ) ( NN share ) ) ( VP ( VBZ is ) ( VP ( VBN believed ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( QP ( RB slightly ) ( IN under ) ( CD 40 ) ) ( NN % ) ) ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NP ( NNP General ) ( NNP Mills ) ( POS ' ) ) ( NN share ) ) ( VP ( VBZ is ) ( NP-PRD ( QP ( RB about ) ( CD 27 ) ) ( NN % ) ) ) ) ) ) ) )

Kellogg 's current share is believed to be slightly under 40 % while General Mills ' share is about 27 %


( S ( S-ADV ( VP ( VBN Led ) ( PP-LGS ( IN by ) ( NP ( PRP$ its ) ( JJ oat-based ) ( NNPS Cheerios ) ( NN line ) ) ) ) ) ( NP-SBJ-2 ( NNP General ) ( NNP Mills ) ) ( VP ( VBZ has ) ( VP ( VBN gained ) ( NP ( DT an ) ( JJ estimated ) ( ADJP ( CD 2 ) ( NN % ) ) ( NN share ) ) ( NP-TMP ( ADVP ( RB so ) ( RB far ) ) ( DT this ) ( NN year ) ) ( PP ( ADVP ( RB mostly ) ) ( IN at ) ( NP ( NP ( DT the ) ( NN expense ) ) ( PP ( IN of ) ( NP ( NNP Kellogg ) ) ) ) ) ) ) )

Led by its oat-based Cheerios line General Mills has gained an estimated 2 % share so far this year mostly at the expense of Kellogg


( S ( NP-SBJ ( DT Each ) ( NN share ) ( NN point ) ) ( VP ( VBZ is ) ( ADJP-PRD ( IN worth ) ( NP ( NP ( QP ( RB about ) ( CD 60 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS sales ) ) ) ) ) ) )

Each share point is worth about 60 million in sales


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( NP ( JJ much ) ) ( PP ( IN of ) ( NP ( NP ( NNP Kellogg ) ( POS 's ) ) ( NN erosion ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( PP-PRD ( IN in ) ( NP ( NP ( JJ such ) ( NN core ) ( NNS brands ) ) ( PP ( IN as ) ( NP ( NP ( NNP Corn ) ( NNPS Flakes ) ) ( NP ( NNP Rice ) ( NNPS Krispies ) ) ( CC and ) ( NP ( NNP Frosted ) ( NNPS Flakes ) ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBP represent ) ( NP ( NP ( QP ( RB nearly ) ( NN one-third ) ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS sales ) ( NN volume ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Analysts say much of Kellogg 's erosion has been in such core brands as Corn Flakes Rice Krispies and Frosted Flakes which represent nearly one-third of its sales volume


( S ( S-TPC-2 ( NP-SBJ-1 ( NNP Kellogg ) ) ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( RB so ) ( JJ anxious ) ( S ( VP ( TO to ) ( VP ( VB turn ) ( PRT ( RP around ) ) ( NP ( NNP Corn ) ( NNP Flakes ) ( NNS sales ) ) ) ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-3 ( PRP it ) ) ( ADVP-TMP ( RB soon ) ) ( VP ( MD will ) ( VP ( VB begin ) ( S ( VP ( VBG selling ) ( NP ( NNS boxes ) ) ( PP-CLR ( IN for ) ( NP ( QP ( RB as ) ( JJ little ) ( IN as ) ( CD 99 ) ) ( NNS cents ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NN trade ) ( NNS sources ) ) ( VP ( VBP say ) ) )

Kellogg is so anxious to turn around Corn Flakes sales that it soon will begin selling boxes for as little as 99 cents trade sources say


( SINV ( S-TPC-2 ( NP-SBJ ( NP ( NNPS Cheerios ) ) ( CC and ) ( NP ( NNP Honey ) ( NNP Nut ) ( NNPS Cheerios ) ) ) ( VP ( VBP have ) ( VP ( VBN eaten ) ( PRT ( RP away ) ) ( NP ( NP ( NNS sales ) ) ( VP ( ADVP ( RB normally ) ) ( VBG going ) ( PP-DIR ( TO to ) ( NP ( NP ( NNP Kellogg ) ( POS 's ) ) ( JJ corn-based ) ( NNS lines ) ) ) ) ) ( SBAR-PRP ( ADVP ( RB simply ) ) ( IN because ) ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBP are ) ( VP ( VBN made ) ( PP-CLR ( IN of ) ( NP ( NNS oats ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP Merrill ) ( NNP Lynch ) ( NN food ) ( NN analyst ) ( NNP William ) ( NNP Maguire ) ) )

Cheerios and Honey Nut Cheerios have eaten away sales normally going to Kellogg 's corn-based lines simply because they are made of oats says Merrill Lynch food analyst William Maguire


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBP are ) ( RB not ) ( NP-PRD ( NP ( DT a ) ( JJ happy ) ( NN group ) ) ( PP ( IN of ) ( NP ( NNS people ) ) ) ) ( PP-LOC ( IN at ) ( NP ( NNP Battle ) ( NNP Creek ) ) ) ( ADVP-TMP ( RB right ) ( RB now ) ) ) )

They are not a happy group of people at Battle Creek right now


( S ( NP-SBJ-1 ( NNP Kellogg ) ) ( VP ( VBZ is ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NP ( NNP Battle ) ( NNP Creek ) ) ( NP ( NNP Mich. ) ) ) ( NP ( NP ( DT a ) ( NN city ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ calls ) ( S ( NP-SBJ ( PRP itself ) ) ( NP-PRD ( NP ( DT the ) ( NN breakfast ) ( NN capital ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN world ) ) ) ) ) ) ) ) ) ) ) ) ) )

Kellogg is based in Battle Creek Mich. a city that calls itself the breakfast capital of the world


( S ( NP-SBJ ( NP ( DT Another ) ( NN analyst ) ) ( NP ( NP ( NNP John ) ( NNP C. ) ( NNP Maxwell ) ( NNP Jr. ) ) ( PP ( IN of ) ( NP ( NP ( NNP Wheat ) ( NNP First ) ( NNP Securities ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Richmond ) ) ( NP ( NNP Va. ) ) ) ) ) ) ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD went ) ( PP-DIR ( TO to ) ( NP ( NP ( DT a ) ( NN sell ) ( NN recommendation ) ) ( PP-LOC ( IN on ) ( NP ( NP ( NNP Kellogg ) ( NN stock ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD closed ) ( NP-TMP ( NNP Friday ) ) ( PP-CLR ( IN at ) ( NP ( CD 71.75 ) ) ) ( ADVP-CLR ( RB down ) ( NP ( CD 75 ) ( NNS cents ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ) ) ) ) ) ) ) ) )

Another analyst John C. Maxwell Jr. of Wheat First Securities in Richmond Va. recently went to a sell recommendation on Kellogg stock which closed Friday at 71.75 down 75 cents in New York Stock Exchange composite trading


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ ( NNP Kellogg ) ) ( VP ( MD can ) ( VP ( VB get ) ( ADVP-CLR ( RB back ) ( PP ( TO to ) ( NP ( CD 40 ) ( NN % ) ) ) ) ( NP-TMP ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

I do n't think Kellogg can get back to 40 % this year he said


( S ( NP-SBJ ( NP ( NNP Kellogg ) ( POS 's ) ) ( JJ main ) ( NN problem ) ) ( VP ( VBZ is ) ( NP-PRD ( NN life ) ( NN style ) ) ) )

Kellogg 's main problem is life style


( S ( NP-SBJ ( NNS People ) ) ( VP ( VBP are ) ( VP ( VP ( VBG reading ) ( NP ( DT the ) ( NNS boxes ) ) ) ( CC and ) ( VP ( VBG deciding ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP want ) ( NP ( NP ( NN something ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( POS 's ) ( ADJP-PRD ( JJ healthy ) ( PP ( IN for ) ( NP ( PRP you ) ) ) ) ) ) ) ( NP ( NNS oats ) ( NN bran ) ) ) ) ) ) ) ) ) )

People are reading the boxes and deciding they want something that 's healthy for you oats bran


( S ( NP-SBJ ( NNP Mr. ) ( NNP Maxwell ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB be ) ( ADJP-PRD ( JJ surprised ) ) ( SBAR-ADV ( IN if ) ( S ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ next ) ( CD two ) ( NNS years ) ( QP ( CC or ) ( RB so ) ) ) ) ( NP-SBJ ( NP ( NNP General ) ( NNP Mills ) ( POS ' ) ) ( NN share ) ) ( VP ( VBD increased ) ( PP-DIR ( TO to ) ( NP ( CD 30 ) ( NN % ) ( QP ( CC or ) ( JJR more ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Maxwell said he would n't be surprised if over the next two years or so General Mills ' share increased to 30 % or more


( S ( PP ( IN In ) ( S-NOM ( VP ( VBG announcing ) ( NP ( DT the ) ( NN plant ) ( NN delay ) ) ) ) ) ( NP-SBJ-1 ( NNP Kellogg ) ( NNP Chairman ) ( NNP William ) ( NNP E. ) ( NNP LaMothe ) ) ( VP ( VBD said ) ( S ( NP-SBJ ( NP ( NN Cereal ) ( NN volume ) ( NN growth ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ( VP ( VBZ has ) ( RB not ) ( VP ( VBN met ) ( NP ( NP ( PRP$ our ) ( NNS expectations ) ) ( PP ( IN for ) ( NP ( CD 1989 ) ) ) ) ) ) ) ) )

In announcing the plant delay Kellogg Chairman William E. LaMothe said Cereal volume growth in the U.S. has not met our expectations for 1989


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN construction ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB resume ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ ( NN market ) ( NNS conditions ) ) ( VP ( VBP warrant ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ) )

He said construction would n't resume until market conditions warrant it


( S ( NP-SBJ ( NNP Kellogg ) ) ( VP ( VBD indicated ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ has ) ( NP ( NP ( NN room ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB grow ) ) ) ) ) ) ( PP ( IN without ) ( S-NOM ( VP ( VBG adding ) ( NP ( NNS facilities ) ) ) ) ) ) ) ) ) )

Kellogg indicated that it has room to grow without adding facilities


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ has ) ( NP ( NP ( CD five ) ( JJ other ) ( NNP U.S. ) ( NNS plants ) ) ( PP ( VBG including ) ( NP ( NP ( DT a ) ( JJ modern ) ( NN facility ) ) ( PP-LOC ( IN at ) ( NP ( PRP$ its ) ( NNP Battle ) ( NNP Creek ) ( NNS headquarters ) ) ) ( VP ( VBN known ) ( PP-CLR ( IN as ) ( NP ( NP ( NN Building ) ( CD 100 ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( S ( VP ( TO to ) ( VP ( VB add ) ( NP ( JJ bran-processing ) ( CC and ) ( JJ rice-processing ) ( NN capacity ) ) ( NP-TMP ( IN next ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The company has five other U.S. plants including a modern facility at its Battle Creek headquarters known as Building 100 which is to add bran-processing and rice-processing capacity next year


( S ( NP-SBJ ( NNP General ) ( NNP Mills ) ) ( ADVP-TMP ( RB meanwhile ) ) ( VP ( VBZ finds ) ( S ( NP-SBJ-1 ( PRP itself ) ) ( VP ( VBN constrained ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG boosting ) ( NP ( NNS sales ) ) ( ADVP-MNR ( RBR further ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP$ its ) ( NNS plants ) ) ( VP ( VBP are ) ( VP ( VBG operating ) ( PP-MNR ( IN at ) ( NP ( NN capacity ) ) ) ) ) ) ) ) ) ) )

General Mills meanwhile finds itself constrained from boosting sales further because its plants are operating at capacity


( S ( NP-SBJ-1 ( NP ( DT A ) ( JJ large ) ( NN plant ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Covington ) ) ( NP ( NNP Ga. ) ) ) ) ) ( VP ( VBZ is ) ( S ( VP ( TO to ) ( VP ( VB come ) ( PP-CLR ( IN on ) ( NP ( NN line ) ) ) ( NP-TMP ( IN next ) ( NN year ) ) ) ) ) ) )

A large plant in Covington Ga. is to come on line next year


( S ( NP-SBJ ( NP ( DT A ) ( NNP Kellogg ) ( NN officer ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD asked ) ( S ( RB not ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN named ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-4 ( DT the ) ( NNP Memphis ) ( NN project ) ) ( VP ( VBD was ) ( VP ( VBD pulled ) ( PRT ( RP in ) ) ( PP-PRP ( IN for ) ( NP ( NP ( DT a ) ( NN reconsideration ) ) ( PP ( IN of ) ( NP ( NNS costs ) ) ) ) ) ( NP-ADV ( DT an ) ( NN indication ) ( SBAR ( IN that ) ( S ( NP-SBJ-5 ( DT the ) ( JJ ambitious ) ( NNS plans ) ) ( VP ( MD might ) ( VP ( VB be ) ( VP ( VBN scaled ) ( PRT ( RP back ) ) ( PP-LOC ( IN in ) ( NP ( DT any ) ( JJ future ) ( NN construction ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

A Kellogg officer who asked not to be named said the Memphis project was pulled in for a reconsideration of costs an indication that the ambitious plans might be scaled back in any future construction


( S ( NP-SBJ ( NP ( JJ Initial ) ( NN cost ) ( NNS estimates ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN plant ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD was ) ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN been ) ( VP ( VBN built ) ( PP-MNR ( IN in ) ( NP ( NNS phases ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD ranged ) ( PP-DIR ( PP ( IN from ) ( NP ( QP ( CD 1 ) ( CD billion ) ) ) ) ( PP ( TO to ) ( NP ( QP ( CD 1.2 ) ( CD billion ) ) ) ) ) ) )

Initial cost estimates for the plant which was to have been built in phases ranged from 1 billion to 1.2 billion


( S ( NP-SBJ ( DT A ) ( NN company ) ( NN spokesman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( ADJP ( JJ possible ) ) ( CC but ) ( ADJP ( RB highly ) ( JJ unlikely ) ) ) ( SBAR-2 ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( NN plant ) ) ( VP ( MD might ) ( ADVP-TMP ( RB never ) ) ( VP ( VB be ) ( VP ( VBN built ) ) ) ) ) ) ) ) ) ) )

A company spokesman said it was possible but highly unlikely that the plant might never be built


( S ( S-TPC-2 ( SBAR-TMP ( SBAR ( IN As ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP regain ) ( NP ( NP ( PRP$ our ) ( NN leadership ) ( NN level ) ) ( SBAR ( WHADVP-3 ( WRB where ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VB have ) ( VP ( VBN been ) ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN as ) ( S ( NP-SBJ-1 ( VBP we ) ) ( VP ( VP ( VBP continue ) ( S ( VP ( TO to ) ( VP ( VB put ) ( NP ( JJ new ) ( NNS products ) ) ( PP-PUT ( IN into ) ( NP ( DT the ) ( NN marketplace ) ) ) ) ) ) ) ( CC and ) ( VP ( VBP need ) ( NP ( JJ additional ) ( NN capacity ) ) ) ) ) ) ) ( NP-SBJ-4 ( PRP we ) ) ( VP ( MD will ) ( VP ( VB look ) ( PP-CLR ( IN at ) ( S-NOM ( VP ( VBG resuming ) ( NP ( NP ( PRP$ our ) ( NN involvement ) ) ( PP ( IN with ) ( NP ( PRP$ our ) ( NN plan ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

As we regain our leadership level where we have been and as we continue to put new products into the marketplace and need additional capacity we will look at resuming our involvement with our plan he said


( S ( NP-SBJ-1 ( DT The ) ( JJ new ) ( NN facility ) ) ( VP ( VBD was ) ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN been ) ( NP-PRD ( NP ( NP ( DT the ) ( NN world ) ( VBZ 's ) ) ( ADJP ( RBS most ) ( JJ advanced ) ) ( NN cereal ) ( NN manufacturing ) ( NN plant ) ) ( CC and ) ( NP ( NP ( NNP Kellogg ) ( POS 's ) ) ( JJS largest ) ( NN construction ) ( NN project ) ) ) ) ) ) ) ) )

The new facility was to have been the world 's most advanced cereal manufacturing plant and Kellogg 's largest construction project


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD had ) ( VP ( VBN retained ) ( NP ( NP ( DT the ) ( NNP Fluor ) ( NNP Daniel ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP Fluor ) ( NNP Corp. ) ) ) ) ( PP-CLR ( IN as ) ( NP ( JJ general ) ( NN contractor ) ) ) ) ) )

The company had retained the Fluor Daniel unit of Fluor Corp. as general contractor


( S ( CC But ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS weeks ) ) ) ( NP-SBJ ( NN construction-industry ) ( NNS sources ) ) ( VP ( VBD reported ) ( SBAR ( DT that ) ( S ( NP-SBJ ( JJ early ) ( NN preparation ) ( NN work ) ) ( VP ( VBD was ) ( VP ( VBG slowing ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( JJ 185-acre ) ( NN site ) ) ) ) ) ) ) ) )

But in recent weeks construction-industry sources reported that early preparation work was slowing at the 185-acre site


( S ( NP-SBJ ( NNS Subcontractors ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBN told ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NN equipment ) ( NNS orders ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN delayed ) ) ) ) ) ) ) ) ) ) ) )

Subcontractors said they were told that equipment orders would be delayed


( S ( S-TPC-1 ( NP-SBJ ( NNP Fluor ) ( NNP Daniel ) ) ( ADVP-TMP ( RB already ) ) ( VP ( VBZ has ) ( VP ( VBN reassigned ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN work ) ( NN crew ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNS sources ) ) ( VP ( VBD said ) ) )

Fluor Daniel already has reassigned most of its work crew the sources said


( S ( NP-SBJ ( NP ( JJ Last ) ( NNP Friday ) ( POS 's ) ) ( NN announcement ) ) ( VP ( VBD was ) ( NP-PRD ( DT the ) ( JJ first ) ( NN official ) ( NN word ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN project ) ) ( VP ( VBD was ) ( PP-PRD ( IN in ) ( NP ( NN trouble ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS plans ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( NN surge ) ) ( PP-LOC ( IN in ) ( NP ( NN market ) ( NN share ) ) ) ) ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN been ) ( ADJP-PRD ( RB overly ) ( JJ optimistic ) ) ) ) ) ) ) ) ) ) )

Last Friday 's announcement was the first official word that the project was in trouble and that the company 's plans for a surge in market share may have been overly optimistic


( S ( PP-TMP ( IN Until ) ( NP ( RB recently ) ) ) ( NP-SBJ ( NN Kellogg ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBG telling ) ( NP ( NP ( PRP$ its ) ( NNS sales ) ( NN force ) ) ( CC and ) ( NP ( NNP Wall ) ( NNP Street ) ) ) ( SBAR ( IN that ) ( S ( PP-TMP ( IN by ) ( NP ( CD 1992 ) ) ) ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD intended ) ( S ( VP ( TO to ) ( VP ( VB achieve ) ( NP ( NP ( DT a ) ( ADJP ( CD 50 ) ( NN % ) ) ( NN share ) ) ( PP ( IN of ) ( NP ( NN market ) ) ) ( VP ( VBN measured ) ( PP-CLR ( IN in ) ( NP ( NN dollar ) ( NN volume ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Until recently Kellogg had been telling its sales force and Wall Street that by 1992 it intended to achieve a 50 % share of market measured in dollar volume


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD called ) ( S ( NP-SBJ ( JJ current ) ( NN market ) ( NNS conditions ) ) ( ADJP-PRD ( RB highly ) ( JJ competitive ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP LaMothe ) ) ( NP ( NP ( NNP Kellogg ) ( POS 's ) ) ( NX ( NX ( NN chairman ) ) ( CC and ) ( NX ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ) ) ( VP ( VBD forecast ) ( NP ( DT an ) ( NNS earnings ) ( NN increase ) ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( JJ full ) ( NN year ) ) ) ) )

Although he called current market conditions highly competitive Mr. LaMothe Kellogg 's chairman and chief executive officer forecast an earnings increase for the full year


( S ( NP-TMP ( JJ Last ) ( NN year ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD earned ) ( NP ( NP ( QP ( CD 480.4 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 3.90 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP ( IN on ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( CD 4.3 ) ( CD billion ) ) ) ) ) ) ) )

Last year the company earned 480.4 million or 3.90 a share on sales of 4.3 billion


( S ( SBAR-ADV ( IN As ) ( S ( VP ( VBN expected ) ) ) ) ( NP-SBJ ( NN Kellogg ) ) ( VP ( VBD reported ) ( NP ( JJR lower ) ( JJ third-quarter ) ( NNS earnings ) ) ) )

As expected Kellogg reported lower third-quarter earnings


( S ( NP-SBJ ( NN Net ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 16 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 123.1 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.02 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 145.7 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.18 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) )

Net fell 16 % to 123.1 million or 1.02 a share from 145.7 million or 1.18 a share


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 4.8 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 1.20 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 1.14 ) ( CD billion ) ) ) ) ) )

Sales rose 4.8 % to 1.20 billion from 1.14 billion


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD had ) ( NP-1 ( NP ( DT a ) ( JJ one-time ) ( NN charge ) ) ( PP ( IN of ) ( NP ( QP ( CD 14.8 ) ( CD million ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJS latest ) ( NN quarter ) ) ) ( S-ADV ( VP ( VBG covering ) ( NP ( NP ( DT the ) ( NN disposition ) ) ( PP ( IN of ) ( NP ( JJ certain ) ( NNS assets ) ) ) ) ) ) ) )

The company had a one-time charge of 14.8 million in the latest quarter covering the disposition of certain assets


( S ( NP-SBJ-1 ( DT The ) ( NN company ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB elaborate ) ( S-ADV ( VP ( VBG citing ) ( NP ( JJ competitive ) ( NNS reasons ) ) ) ) ) ) )

The company would n't elaborate citing competitive reasons


( S ( NP-SBJ ( NNP American ) ( NNP Pioneer ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD agreed ) ( PP ( IN in ) ( NP ( NN principle ) ) ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( PRP$ its ) ( NNP American ) ( NNP Pioneer ) ( NNP Life ) ( NNP Insurance ) ( NNP Co. ) ( NN subsidiary ) ) ( PP-DTV ( TO to ) ( NP ( NP ( NNP Harcourt ) ( NNP Brace ) ( NNP Jovanovich ) ( NNP Inc. ) ( POS 's ) ) ( NNP HBJ ) ( NNP Insurance ) ( NNP Cos. ) ) ) ( PP-CLR ( IN for ) ( NP ( QP ( CD 27 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) )

American Pioneer Inc. said it agreed in principle to sell its American Pioneer Life Insurance Co. subsidiary to Harcourt Brace Jovanovich Inc. 's HBJ Insurance Cos. for 27 million


( S ( NP-SBJ ( NP ( NNP American ) ( NNP Pioneer ) ) ( NP ( NP ( NN parent ) ) ( PP ( IN of ) ( NP ( NNP American ) ( NNP Pioneer ) ( NNPS Savings ) ( NNP Bank ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN sale ) ) ( VP ( MD will ) ( VP ( VP ( VB add ) ( NP ( NN capital ) ) ) ( CC and ) ( VP ( VB reduce ) ( NP ( NP ( DT the ) ( NN level ) ) ( PP ( IN of ) ( NP ( NP ( NNS investments ) ) ( PP-LOC ( IN in ) ( NP ( NNS subsidiaries ) ) ) ) ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN thrift ) ( VBG holding ) ( NN company ) ) ) ) ) ) ) ) )

American Pioneer parent of American Pioneer Savings Bank said the sale will add capital and reduce the level of investments in subsidiaries for the thrift holding company


( S ( ADVP-TMP ( RB Recently ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NNS boards ) ) ( PP ( IN of ) ( NP ( CD both ) ( NP ( DT the ) ( NN parent ) ( NN company ) ) ( CC and ) ( NP ( DT the ) ( NN thrift ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD voted ) ( S ( VP ( TO to ) ( VP ( VP ( VB suspend ) ( NP ( NP ( NNS dividends ) ) ( PP-LOC ( IN on ) ( NP ( NP ( JJ preferred ) ( NNS shares ) ) ( PP ( IN of ) ( NP ( DT both ) ( NNS companies ) ) ) ) ) ) ) ( CC and ) ( VP ( VB convert ) ( NP ( DT all ) ( JJ preferred ) ) ( PP-CLR ( IN into ) ( NP ( JJ common ) ( NNS shares ) ) ) ) ) ) ) ) )

Recently the boards of both the parent company and the thrift also voted to suspend dividends on preferred shares of both companies and convert all preferred into common shares


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN move ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ necessary ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB meet ) ( NP ( NN capital ) ( NNS requirements ) ) ) ) ) ) ) ) ) )

The company said the move was necessary to meet capital requirements


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN transaction ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( NP ( NP ( NP ( NN execution ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ definitive ) ( NN purchase ) ( NN agreement ) ) ) ) ( CC and ) ( NP ( NP ( NN approval ) ) ( PP ( IN by ) ( NP ( NP ( JJ various ) ( JJ regulatory ) ( NNS agencies ) ) ( PP ( VBG including ) ( NP ( NP ( DT the ) ( NN insurance ) ( NNS departments ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS states ) ) ( PP ( IN of ) ( NP ( NNP Florida ) ( CC and ) ( NNP Indiana ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ) )

The transaction is subject to execution of a definitive purchase agreement and approval by various regulatory agencies including the insurance departments of the states of Florida and Indiana the company said


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ second ) ( NN quarter ) ) ) ( NP-SBJ ( NNP American ) ( NNP Pioneer ) ) ( VP ( VBD reported ) ( NP ( NP ( DT a ) ( NN loss ) ) ( PP ( IN of ) ( NP ( QP ( CD 7.3 ) ( CD million ) ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( JJ net ) ( NN income ) ) ( PP ( IN of ) ( NP ( QP ( CD 1.1 ) ( CD million ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ) )

In the second quarter American Pioneer reported a loss of 7.3 million compared with net income of 1.1 million a year earlier


( S ( NP-SBJ ( DT The ) ( NN banking ) ( NN operation ) ) ( VP ( VBD had ) ( NP ( NP ( DT a ) ( NN loss ) ) ( PP ( IN of ) ( NP ( QP ( CD 8.7 ) ( CD million ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ second ) ( NN quarter ) ) ) ( PP-PRP ( ADVP ( RB largely ) ) ( IN because ) ( IN of ) ( NP ( NN problem ) ( NN real-estate ) ( NNS loans ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( DT the ) ( NN insurance ) ( NNS operations ) ) ( VP ( VBD earned ) ( NP ( CD 884,000 ) ) ) ) ) ) )

The banking operation had a loss of 8.7 million in the second quarter largely because of problem real-estate loans while the insurance operations earned 884,000


( S ( NP-SBJ ( NNP First ) ( NNP Tennessee ) ( NNP National ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB take ) ( NP ( DT a ) ( ADJP ( QP ( CD 4 ) ( CD million ) ) ) ( NN charge ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ fourth ) ( NN quarter ) ) ) ( PP-PRP ( IN as ) ( NP ( NP ( DT a ) ( NN result ) ) ( PP ( IN of ) ( NP ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB expand ) ( NP ( PRP$ its ) ( NNS systems ) ( NN operation ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

First Tennessee National Corp. said it would take a 4 million charge in the fourth quarter as a result of plans to expand its systems operation


( S ( NP-SBJ ( DT The ) ( NN banking ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD reached ) ( NP ( NP ( DT an ) ( NN agreement ) ) ( PP ( IN in ) ( NP ( NN principle ) ) ) ( PP ( IN with ) ( NP ( NNP International ) ( NNP Business ) ( NNPS Machines ) ( NNP Corp. ) ) ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( NNS systems ) ( NNS operations ) ( NN contract ) ) ( VP ( VBG calling ) ( SBAR ( IN for ) ( S ( NP-SBJ ( NNP IBM ) ) ( VP ( TO to ) ( VP ( VB operate ) ( NP ( NP ( NNP First ) ( NNP Tennessee ) ( POS 's ) ) ( NN computer ) ( CC and ) ( NNS telecommunications ) ( NNS functions ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The banking company said it reached an agreement in principle with International Business Machines Corp. on a systems operations contract calling for IBM to operate First Tennessee 's computer and telecommunications functions


( S ( ADVP ( RB Further ) ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( NN agreement ) ) ) ( NP-SBJ-2 ( NNP First ) ( NNP Tennesse ) ) ( VP ( MD would ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB develop ) ( NP ( NP ( DT the ) ( NN software ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ creates ) ( NP ( NN customer ) ( NNS products ) ( CC and ) ( NNS sevices ) ) ) ) ) ) ) ) ) ) ) )

Further under the agreement First Tennesse would continue to develop the software that creates customer products and sevices


( S ( SBAR-PRP ( IN Because ) ( S ( NP-SBJ ( JJ personal ) ( NNS computers ) ) ( VP ( MD will ) ( ADVP-TMP ( RB soon ) ) ( VP ( VB be ) ( PP-LOC-PRD ( IN on ) ( NP ( NP ( DT the ) ( NNS desks ) ) ( PP ( IN of ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( NX ( NX ( NNS tellers ) ) ( CC and ) ( NX ( NN customer ) ( NN service ) ( CC and ) ( NN loan ) ( NNS representatives ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NN information ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( RB instantly ) ( JJ available ) ( S ( VP ( TO to ) ( VP ( VP ( VB help ) ( NP ( NNS customers ) ) ( PP-CLR ( IN with ) ( NP ( NN product ) ( NNS decisions ) ) ) ) ( CC and ) ( VP ( VB provide ) ( NP ( PRP them ) ) ( PP-CLR ( IN with ) ( NP ( NP ( NN information ) ) ( PP ( IN about ) ( NP ( PRP$ their ) ( NNS accounts ) ) ) ) ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNP John ) ( NNP Kelley ) ) ( NP ( NP ( NP ( JJ executive ) ( NN vice ) ( NN president ) ) ) ( CC and ) ( NP ( NP ( JJ corporate ) ( NNS services ) ( NN group ) ( NN manager ) ) ) ( PP-LOC-2 ( IN at ) ( NP ( NNP First ) ( NNP Tennessee ) ) ) ) ) ) ) ) ) )

Because personal computers will soon be on the desks of all of our tellers and customer service and loan representatives information will be instantly available to help customers with product decisions and provide them with information about their accounts according to John Kelley executive vice president and corporate services group manager at First Tennessee


( S ( ADVP ( RB However ) ) ( NP-SBJ-1 ( QP ( RB about ) ( CD 120 ) ) ( NNS employees ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN affected ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN agreement ) ) ) ) ) ) )

However about 120 employees will be affected by the agreement


( S ( NP-SBJ-1 ( NNP First ) ( NNP Tennessee ) ) ( S-ADV ( VP ( VBN assisted ) ( PP ( IN by ) ( NP-LGS ( NNP IBM ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( MD will ) ( VP ( VB attempt ) ( S ( VP ( TO to ) ( VP ( VB place ) ( NP ( DT the ) ( NNS employees ) ) ( PP-CLR ( IN within ) ( NP ( NP ( DT the ) ( NN company ) ) ( NP ( NNP IBM ) ) ( CC or ) ( NP ( NP ( JJ other ) ( NNS companies ) ) ( PP-LOC ( IN in ) ( NP ( NNP Memphis ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

First Tennessee assisted by IBM said it will attempt to place the employees within the company IBM or other companies in Memphis


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN process ) ) ( VP ( MD will ) ( VP ( VB take ) ( NP ( QP ( RB as ) ( JJ many ) ( IN as ) ( CD six ) ) ( NNS months ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB complete ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ) )

The process will take as many as six months to complete the company said


( S ( NP-SBJ ( DT The ) ( NN agreement ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( NP ( NP ( NP ( DT the ) ( NN banking ) ( NN company ) ( POS 's ) ) ( NN board ) ( NN approval ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ is ) ( VP ( VBN expected ) ( NP-TMP ( JJ next ) ( NN month ) ) ) ) ) ) ) ) ) ) )

The agreement is subject to the banking company 's board approval which is expected next month


( S ( NP-SBJ ( NNP Hewlett-Packard ) ( NNP Co. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD raised ) ( NP ( NP ( PRP$ its ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( NNP Octel ) ( NNP Communications ) ( NNP Corp. ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( CD 8.5 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ common ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ) ) ) ) )

Hewlett-Packard Co. said it raised its stake in Octel Communications Corp. to 8.5 % of the common shares outstanding


( S ( PP-LOC ( IN In ) ( NP ( DT a ) ( NNP Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ( NN filing ) ) ) ( NP-SBJ ( NNP Hewlett-Packard ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ holds ) ( NP ( NP ( CD 1,384,119 ) ( NN Octel ) ( JJ common ) ( NNS shares ) ) ( PP ( VBG including ) ( NP ( NP ( CD 100,000 ) ( NNS shares ) ) ( VP ( VBN bought ) ( PP-TMP ( PP ( IN from ) ( NP ( NNP Aug. ) ( CD 26 ) ) ) ( PP ( TO to ) ( NP ( NNP Oct. ) ( CD 20 ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 23.31 ) ( TO to ) ( CD 24.25 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) ) ) ) )

In a Securities and Exchange Commission filing Hewlett-Packard said it now holds 1,384,119 Octel common shares including 100,000 shares bought from Aug. 26 to Oct. 20 for 23.31 to 24.25 a share


( S ( NP-SBJ ( NP ( NNP Hewlett-Packard ) ) ( NP ( DT a ) ( NAC-LOC ( NNP Palo ) ( NNP Alto ) ( NNP Calif. ) ) ( NN computer ) ( NN company ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD acquired ) ( NP ( DT the ) ( NN stock ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB develop ) ( CC and ) ( VB maintain ) ( NP ( NP ( DT a ) ( JJ strategic ) ( NN partnership ) ) ( SBAR ( WHPP-4 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-2 ( DT each ) ( NN company ) ) ( VP ( VBZ remains ) ( ADJP-PRD ( JJ independent ) ) ( SBAR-ADV ( IN while ) ( S ( VP ( VBG working ) ( ADVP-MNR ( RB together ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB market ) ( CC and ) ( VB sell ) ( NP ( PRP$ their ) ( NNS products ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Hewlett-Packard a Palo Alto Calif. computer company said it acquired the stock to develop and maintain a strategic partnership in which each company remains independent while working together to market and sell their products


( S ( NP-SBJ ( NNP Octel ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN purchase ) ) ( VP ( VBD was ) ( VP ( VBN expected ) ) ) ) ) ) )

Octel said the purchase was expected


( S ( NP-SBJ ( NNP Hewlett-Packard ) ) ( VP ( VBD affirmed ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB plan ) ( S ( VP ( TO to ) ( VP ( VB obtain ) ( NP ( NP ( NN control ) ) ( PP ( IN of ) ( NP ( NP ( NNP Octel ) ) ( NP ( NP ( DT a ) ( NAC-LOC ( NNP Milpitas ) ( NNP Calif. ) ) ( NN maker ) ) ( PP ( IN of ) ( NP ( JJ voice-processing ) ( NNS systems ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Hewlett-Packard affirmed it does n't plan to obtain control of Octel a Milpitas Calif. maker of voice-processing systems


( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( DT the ) ( NN filing ) ) ) ) ( NP-SBJ ( NNP Hewlett-Packard ) ) ( VP ( VBD acquired ) ( NP ( CD 730,070 ) ( JJ common ) ( NNS shares ) ) ( PP-CLR ( IN from ) ( NP ( NNP Octel ) ) ) ( PP-PRP ( IN as ) ( NP ( NP ( DT a ) ( NN result ) ) ( PP ( IN of ) ( NP ( DT an ) ( NAC-TMP ( NNP Aug. ) ( CD 10 ) ( CD 1988 ) ) ( NN stock ) ( NN purchase ) ( NN agreement ) ) ) ) ) ) )

According to the filing Hewlett-Packard acquired 730,070 common shares from Octel as a result of an Aug. 10 1988 stock purchase agreement


( S ( NP-SBJ ( DT That ) ( NN accord ) ) ( ADVP ( RB also ) ) ( VP ( VBD called ) ( SBAR ( IN for ) ( S ( NP-SBJ ( NNP Hewlett-Packard ) ) ( VP ( TO to ) ( VP ( VB buy ) ( NP ( CD 730,070 ) ( NNP Octel ) ( NNS shares ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ open ) ( NN market ) ) ) ( PP-TMP ( IN within ) ( NP ( CD 18 ) ( NNS months ) ) ) ) ) ) ) ) )

That accord also called for Hewlett-Packard to buy 730,070 Octel shares in the open market within 18 months


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ ( NNP Hewlett-Packard ) ) ( VP ( VBD acquired ) ( NP ( DT a ) ( JJ two-year ) ( NN option ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( DT an ) ( JJ extra ) ( CD 10 ) ( NN % ) ) ( SBAR ( WHPP-2 ( IN of ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-1 ( NP ( NN half ) ) ) ( VP ( MD may ) ( VP ( VB be ) ( VP ( VBN sold ) ( ADVP-MNR ( RB directly ) ) ( PP-DTV ( TO to ) ( NP ( NNP Hewlett-Packard ) ) ) ( PP ( IN by ) ( NP-LGS ( NNP Octel ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In addition Hewlett-Packard acquired a two-year option to buy an extra 10 % of which half may be sold directly to Hewlett-Packard by Octel


( S ( NP-SBJ ( NP ( NNP General ) ( NNP Motors ) ( NNP Corp. ) ) ( CC and ) ( NP ( NNP Ford ) ( NNP Motor ) ( NNP Co. ) ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB now ) ) ( VP ( VBG going ) ( ADVP-CLR ( NN head ) ( TO to ) ( NN head ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNS markets ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NNS shares ) ) ( PP ( IN of ) ( NP ( NNP Jaguar ) ( NNP PLC ) ) ) ) ) ( SBAR-PRP ( IN as ) ( S ( NP-SBJ ( NNP GM ) ) ( VP ( VBD got ) ( NP ( JJ early ) ( NN clearance ) ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( NNP Federal ) ( NNP Trade ) ( NNP Commission ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB boost ) ( NP ( NP ( PRP$ its ) ( NN stake ) ) ( PP ( IN in ) ( NP ( DT the ) ( JJ British ) ( NN luxury ) ( NN car ) ( NN maker ) ) ) ) ) ) ) ) ) ) ) ) )

General Motors Corp. and Ford Motor Co. are now going head to head in the markets for shares of Jaguar PLC as GM got early clearance from the Federal Trade Commission to boost its stake in the British luxury car maker


( S ( NP-SBJ ( NNP GM ) ) ( VP ( VBD confirmed ) ( NP-TMP ( NNP Friday ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD received ) ( NP ( NN permission ) ) ( NP-TMP ( RB late ) ( NNP Thursday ) ) ( PP-CLR ( IN from ) ( NP ( NNP U.S. ) ( JJ antitrust ) ( NNS regulators ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB increase ) ( NP ( PRP$ its ) ( NNP Jaguar ) ( NNS holdings ) ) ( PP-CLR ( IN past ) ( NP ( DT the ) ( ADJP ( QP ( CD 15 ) ( CD million ) ) ) ( NN level ) ) ) ) ) ) ) ) ) ) )

GM confirmed Friday that it received permission late Thursday from U.S. antitrust regulators to increase its Jaguar holdings past the 15 million level


( S ( S ( NP-SBJ ( NNP Ford ) ) ( VP ( VBD got ) ( NP ( DT a ) ( JJ similar ) ( NN go-ahead ) ) ( ADVP-TMP ( RBR earlier ) ( PP ( IN in ) ( NP ( NNP October ) ) ) ) ) ) ( CC and ) ( S ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ( NP-SBJ ( NNP Jaguar ) ) ( VP ( VBD announced ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( JJ No. ) ( CD 2 ) ( NNP U.S. ) ( NN auto ) ( NN maker ) ) ( VP ( VBD had ) ( VP ( VBN raised ) ( NP ( PRP$ its ) ( NN stake ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD 13.2 ) ( NN % ) ) ( CC or ) ( NP ( QP ( CD 24.2 ) ( CD million ) ) ( NNS shares ) ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 12.4 ) ( NN % ) ) ( ADVP-TMP ( RBR earlier ) ( PP ( IN in ) ( NP ( DT the ) ( NN week ) ) ) ) ) ) ) ) ) ) ) )

Ford got a similar go-ahead earlier in October and on Friday Jaguar announced that the No. 2 U.S. auto maker had raised its stake to 13.2 % or 24.2 million shares from 12.4 % earlier in the week


( S ( NP-SBJ-2 ( NP ( DT A ) ( NN spokesman ) ) ( PP ( IN for ) ( NP ( NP ( NNP GM ) ) ( NP ( DT the ) ( NN No. ) ( CD 1 ) ( NN auto ) ( NN maker ) ) ) ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB say ) ( SBAR-NOM ( WHNP-1 ( WRB how ) ( JJ many ) ( NNP Jaguar ) ( NNS shares ) ) ( S ( NP-SBJ ( DT that ) ( NN company ) ) ( VP ( VBZ owns ) ) ) ) ) ) ) ) )

A spokesman for GM the No. 1 auto maker declined to say how many Jaguar shares that company owns


( S ( PP-LOC ( IN In ) ( NP ( JJ late ) ( NN trading ) ) ) ( NP-TMP ( NNP Friday ) ) ( NP-SBJ ( NNP Jaguar ) ( NNS shares ) ) ( VP ( VP ( VBD bucked ) ( NP ( NP ( DT the ) ( JJ downward ) ( NN tide ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP London ) ( POS 's ) ) ( NN stock ) ( NN market ) ) ) ) ) ( CC and ) ( VP ( VBD rose ) ( NP-EXT ( CD five ) ( NNS pence ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD 725 ) ( NNS pence ) ) ( PRN ( NP ( CD 11.44 ) ) ) ) ) ) ) )

In late trading Friday Jaguar shares bucked the downward tide in London 's stock market and rose five pence to 725 pence 11.44


( S ( NP-SBJ ( NN Trading ) ( NN volume ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( ADJP ( RB moderately ) ( JJ heavy ) ) ( QP ( CD 3.1 ) ( CD million ) ) ( NNS shares ) ) ) )

Trading volume was a moderately heavy 3.1 million shares


( S ( PP-LOC ( IN In ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( NP-SBJ ( NP ( NNP Jaguar ) ( POS 's ) ) ( JJ American ) ( NN depositary ) ( NNS receipts ) ) ( VP ( VBD were ) ( PP-LOC-PRD ( IN among ) ( NP ( DT the ) ( ADJP ( RBS most ) ( JJ active ) ) ( NNS issues ) ) ) ( NP-TMP ( NNP Friday ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ national ) ( JJ over-the-counter ) ( NN trading ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( NP ( NP ( CD 11.625 ) ) ( NP ( DT each ) ) ) ( ADVP ( RB up ) ( NP-ADV ( CD 62.5 ) ( NNS cents ) ) ) ) ) ) ) ) ) ) ) )

In the U.S. Jaguar 's American depositary receipts were among the most active issues Friday in national over-the-counter trading where they closed at 11.625 each up 62.5 cents


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP expect ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( CD two ) ( NNP U.S. ) ( NN auto ) ( NNS giants ) ) ( VP ( MD will ) ( VP ( VB move ) ( ADVP-MNR ( RB quickly ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB buy ) ( PRT ( RP up ) ) ( NP ( NP ( ADJP ( CD 15 ) ( NN % ) ) ( NNS stakes ) ) ( PP ( IN in ) ( NP ( NNP Jaguar ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG setting ) ( PRT ( RP up ) ) ( NP ( NP ( DT a ) ( JJ potential ) ( NN bidding ) ( NN war ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ prestigious ) ( NNP Jaguar ) ( NN brand ) ) ) ) ) ) ) ) ) ) ) )

Analysts expect that the two U.S. auto giants will move quickly to buy up 15 % stakes in Jaguar setting up a potential bidding war for the prestigious Jaguar brand


( S ( NP-SBJ ( JJ British ) ( NN government ) ( NNS restrictions ) ) ( VP ( VBP prevent ) ( NP-1 ( DT any ) ( JJ single ) ( NN shareholder ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG going ) ( PP-CLR ( IN beyond ) ( NP ( CD 15 ) ( NN % ) ) ) ( PP-TMP ( IN before ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( CD 1990 ) ) ) ) ) ( PP ( IN without ) ( NP ( NN government ) ( NN permission ) ) ) ) ) ) ) )

British government restrictions prevent any single shareholder from going beyond 15 % before the end of 1990 without government permission


( S ( NP-SBJ ( NP ( DT The ) ( JJ British ) ( NN government ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD owned ) ( NP ( NN Jaguar ) ) ( PP-TMP ( IN until ) ( NP ( CD 1984 ) ) ) ) ) ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBZ holds ) ( NP ( NP ( DT a ) ( VBG controlling ) ( JJ golden ) ( NN share ) ) ( PP ( IN in ) ( NP ( DT the ) ( NN company ) ) ) ) ) )

The British government which owned Jaguar until 1984 still holds a controlling golden share in the company


( S ( PP ( IN With ) ( NP ( NP ( DT the ) ( JJ golden ) ( NN share ) ) ( PP ( IN as ) ( NP ( NN protection ) ) ) ) ) ( NP-SBJ-1 ( NNP Jaguar ) ( NNS officials ) ) ( VP ( VBP have ) ( VP ( VP ( VBN rebuffed ) ( NP ( NP ( NNP Ford ) ( POS 's ) ) ( NNS overtures ) ) ) ( CC and ) ( VP ( VBN moved ) ( ADVP ( RB instead ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB forge ) ( NP ( NP ( DT an ) ( NN alliance ) ) ( PP ( IN with ) ( NP ( NNP GM ) ) ) ) ) ) ) ) ) ) )

With the golden share as protection Jaguar officials have rebuffed Ford 's overtures and moved instead to forge an alliance with GM


( S ( S ( NP-SBJ ( NNP Jaguar ) ( NNS officials ) ) ( VP ( VBP have ) ( VP ( VBN indicated ) ( SBAR ( S ( NP-SBJ-3 ( PRP they ) ) ( VP ( VBP are ) ( ADVP-PRD ( RB close ) ( PP ( TO to ) ( S-NOM ( VP ( VBG wrapping ) ( PRT ( RP up ) ) ( NP ( NP ( NP ( DT a ) ( JJ friendly ) ( NN alliance ) ) ( PP ( IN with ) ( NP ( NNP GM ) ) ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB preserve ) ( NP ( NP ( NNP Jaguar ) ( POS 's ) ) ( NN independence ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( DT no ) ( NN deal ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN announced ) ) ) ) ) )

Jaguar officials have indicated they are close to wrapping up a friendly alliance with GM that would preserve Jaguar 's independence but no deal has been announced


( S ( NP-SBJ ( NNP Ford ) ) ( PP ( IN on ) ( NP ( DT the ) ( JJ other ) ( NN hand ) ) ) ( VP ( VBZ has ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ willing ) ( S ( VP ( TO to ) ( VP ( VB bid ) ( PP-CLR ( IN for ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( NNP Jaguar ) ) ) ) ) ) ) ) ) ( PP ( IN despite ) ( NP ( NP ( DT the ) ( NNS objections ) ) ( PP ( IN of ) ( NP ( NNP Jaguar ) ( NN chairman ) ( NNP Sir ) ( NNP John ) ( NNP Egan ) ) ) ) ) ) ) ) ) ) )

Ford on the other hand has said it 's willing to bid for all of Jaguar despite the objections of Jaguar chairman Sir John Egan


( S ( NP-SBJ-1 ( NNS Analysts ) ) ( VP ( VBD continued ) ( S ( VP ( TO to ) ( VP ( VB speculate ) ( NP-TMP ( RB late ) ( JJ last ) ( NN week ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NNP Ford ) ) ( VP ( MD may ) ( VP ( VB try ) ( S ( VP ( TO to ) ( VP ( VB force ) ( NP ( DT the ) ( NN issue ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VP ( VBG calling ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( JJ special ) ( NN shareholder ) ( POS 's ) ) ( NN meeting ) ) ) ) ( CC and ) ( VP ( VBG urging ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN government ) ) ( CC and ) ( NP ( NNP Jaguar ) ( NNS holders ) ) ) ( VP ( VB remove ) ( NP ( NP ( DT the ) ( NNS barriers ) ) ( PP ( TO to ) ( NP ( DT a ) ( JJ full ) ( NN bidding ) ( NN contest ) ) ) ) ( PP-TMP ( IN before ) ( NP ( NNP December ) ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Analysts continued to speculate late last week that Ford may try to force the issue by calling for a special shareholder 's meeting and urging that the government and Jaguar holders remove the barriers to a full bidding contest before December 1990


( S ( CC But ) ( NP-SBJ ( NP ( DT a ) ( NNP Ford ) ( NN spokeswoman ) ) ( PP-LOC ( IN in ) ( NP ( NNP Dearborn ) ) ) ) ( VP ( VBD said ) ( NP-TMP ( NNP Friday ) ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN requested ) ( NP ( PDT such ) ( DT a ) ( NN meeting ) ) ( ADVP-TMP ( RB yet ) ) ) ) ) ) ) )

But a Ford spokeswoman in Dearborn said Friday the company has n't requested such a meeting yet


( S ( NP-SBJ ( NP ( NNS Individuals ) ) ( ADJP ( RB close ) ( PP ( TO to ) ( NP ( DT the ) ( NN situation ) ) ) ) ) ( VP ( VBP believe ) ( SBAR ( S ( NP-SBJ ( NNP Ford ) ( NNS officials ) ) ( VP ( MD will ) ( VP ( VB seek ) ( NP ( NP ( DT a ) ( NN meeting ) ) ) ( NP-TMP ( DT this ) ( NN week ) ) ( PP-1 ( IN with ) ( NP ( NNP Sir ) ( NNP John ) ) ) ( SBAR-2 ( S ( VP ( TO to ) ( VP ( VB outline ) ( NP ( NP ( PRP$ their ) ( NN proposal ) ) ( PP ( IN for ) ( NP ( DT a ) ( JJ full ) ( NN bid ) ) ) ) ) ) ) ) ) ) ) ) ) )

Individuals close to the situation believe Ford officials will seek a meeting this week with Sir John to outline their proposal for a full bid


( S ( NP-SBJ ( NP ( DT Any ) ( NNS discussions ) ) ( PP ( IN with ) ( NP ( NNP Ford ) ) ) ) ( VP ( MD could ) ( VP ( VB postpone ) ( NP ( NP ( DT the ) ( NNP Jaguar-GM ) ( NN deal ) ) ( VP ( VBN headed ) ( PP-CLR ( IN for ) ( NP ( NN completion ) ) ) ( PP-TMP ( IN within ) ( NP ( DT the ) ( JJ next ) ( CD two ) ( NNS weeks ) ) ) ) ) ) ) )

Any discussions with Ford could postpone the Jaguar-GM deal headed for completion within the next two weeks


( S ( NP-SBJ-1 ( DT The ) ( NNP GM ) ( NN agreement ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB retain ) ( NP ( NP ( NNP Jaguar ) ( POS 's ) ) ( NN independence ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG involving ) ( NP ( NP ( NP ( DT an ) ( JJ eventual ) ( ADJP ( CD 30 ) ( NN % ) ) ( NN stake ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP U.S. ) ( NN auto ) ( NN giant ) ) ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( JJ joint ) ( NN manufacturing ) ( CC and ) ( NN marketing ) ( NNS ventures ) ) ) ) ) ) ) ) ) ) ) )

The GM agreement is expected to retain Jaguar 's independence by involving an eventual 30 % stake for the U.S. auto giant as well as joint manufacturing and marketing ventures


( S ( NP-SBJ-2 ( NNP Jaguar ) ( CC and ) ( NNP GM ) ) ( VP ( VBP hope ) ( S ( VP ( TO to ) ( VP ( VB win ) ( NP ( NP ( NNP Jaguar ) ( NNS shareholders ) ( NN approval ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN accord ) ) ) ) ( PP-MNR ( ADVP ( RB partly ) ) ( IN by ) ( S-NOM ( VP ( VBG structuring ) ( NP ( PRP it ) ) ( PP-MNR ( IN in ) ( NP ( NP ( DT a ) ( NN way ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( RB n't ) ( VP ( VB preclude ) ( NP ( DT a ) ( JJ full ) ( NNP Ford ) ( NN bid ) ) ( SBAR-TMP ( RB once ) ( S ( NP-SBJ ( DT the ) ( JJ golden ) ( NN share ) ) ( VP ( VBZ expires ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Jaguar and GM hope to win Jaguar shareholders approval for the accord partly by structuring it in a way that would n't preclude a full Ford bid once the golden share expires


( SINV ( S-TPC-1 ( S ( NP-SBJ ( EX There ) ) ( VP ( VBZ 's ) ( CC either ) ( NP-PRD ( NP ( DT a ) ( NN minority ) ( NN stake ) ( NN package ) ) ( ADJP ( JJ capable ) ( PP ( IN of ) ( S-NOM ( VP ( VBG getting ) ( NP ( NNP Jaguar ) ( NN shareholder ) ( NN approval ) ) ) ) ) ) ) ) ) ( CC or ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( RB n't ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( CD one ) ( JJ knowledgeable ) ( NN individual ) ) )

There 's either a minority stake package capable of getting Jaguar shareholder approval or there is n't said one knowledgeable individual


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( RB n't ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NN deal ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN put ) ( ADVP-PUT ( RB forward ) ( PP ( TO to ) ( NP ( NNS shareholders ) ) ) ) ) ) ) )

If there is n't the deal wo n't be put forward to shareholders


( S ( NP-SBJ ( NN Union ) ( NN sentiment ) ) ( ADVP ( RB also ) ) ( VP ( MD could ) ( VP ( VB influence ) ( NP ( NP ( NN shareholder ) ( NN reaction ) ) ( PP ( TO to ) ( NP ( DT a ) ( NNP Jaguar-GM ) ( NN accord ) ) ) ) ) ) )

Union sentiment also could influence shareholder reaction to a Jaguar-GM accord


( S ( NP-SBJ ( NP ( NNP GM ) ( POS 's ) ) ( NNP U.K. ) ( NN unit ) ) ( VP ( VBZ holds ) ( NP ( NP ( JJ crucial ) ( NNS talks ) ) ) ( NP-TMP ( NN today ) ) ( PP-2 ( IN with ) ( NP ( NN union ) ( NNS officials ) ) ) ( PP-1 ( IN about ) ( NP ( NP ( PRP$ its ) ( NN consideration ) ) ( PP ( IN of ) ( NP ( NP ( DT an ) ( NNP Ellesmere ) ( NNP Port ) ( NN site ) ) ( PP ( IN for ) ( NP ( NP ( PRP$ its ) ( JJ first ) ( JJ major ) ( NN engine ) ( NN plant ) ) ( PP-LOC ( IN in ) ( NP ( NNP Britain ) ) ) ) ) ) ) ) ) ) )

GM 's U.K. unit holds crucial talks today with union officials about its consideration of an Ellesmere Port site for its first major engine plant in Britain


( S ( NP-SBJ ( CD One ) ( NN auto-industry ) ( NN union ) ( NN leader ) ) ( VP ( VBD said ) ( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBP try ) ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( PRP it ) ) ( ADVP-LOC ( RB somewhere ) ( RB else ) ( PP ( IN in ) ( NP ( NNP Europe ) ) ) ( PP ( IN besides ) ( NP ( DT the ) ( NNP U.K. ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( PRP they ) ) ( VP ( VBP are ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB be ) ( PP-PRD ( IN in ) ( NP ( NP ( JJ big ) ( NN trouble ) ) ( PP ( IN with ) ( NP ( NNS unionists ) ) ) ( PP ( IN over ) ( NP ( DT any ) ( NNP Jaguar ) ( NN deal ) ) ) ) ) ) ) ) ) ) ) ) )

One auto-industry union leader said If they try to build it somewhere else in Europe besides the U.K. they are going to be in big trouble with unionists over any Jaguar deal


( S ( NP-SBJ ( NP ( DT The ) ( NNP European ) ( NNP Community ) ( POS 's ) ) ( NN consumer ) ( NN price ) ( NN index ) ) ( VP ( VP ( VBD rose ) ( NP-EXT ( DT a ) ( JJ provisional ) ( CD 0.6 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ( PP-DIR ( IN from ) ( NP-TMP ( NNP August ) ) ) ) ( CC and ) ( VP ( VBD was ) ( ADVP-PRD ( RB up ) ( NP ( CD 5.3 ) ( NN % ) ) ( PP ( IN from ) ( NP-TMP ( NNP September ) ( CD 1988 ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNP Eurostat ) ) ( NP ( NP ( DT the ) ( NNP EC ) ( POS 's ) ) ( JJ statistical ) ( NN agency ) ) ) ) ) ) )

The European Community 's consumer price index rose a provisional 0.6 % in September from August and was up 5.3 % from September 1988 according to Eurostat the EC 's statistical agency


( S ( S-TPC-1 ( NP-SBJ ( NP ( DT The ) ( JJ month-to-month ) ( NN rise ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN index ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT the ) ( JJS largest ) ) ( PP-TMP ( IN since ) ( NP ( NNP April ) ) ) ) ) ) ( NP-SBJ ( NNP Eurostat ) ) ( VP ( VBD said ) ) )

The month-to-month rise in the index was the largest since April Eurostat said


( S ( NP-SBJ ( NP ( NNP Southern ) ( NNP Co. ) ( POS 's ) ) ( NNP Gulf ) ( NNP Power ) ( NNP Co. ) ( NN unit ) ) ( VP ( MD may ) ( VP ( VB plead ) ( ADJP-PRD ( JJ guilty ) ) ( NP-TMP ( DT this ) ( NN week ) ) ( PP-CLR ( TO to ) ( NP ( NNS charges ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( ADVP-MNR ( RB illegally ) ) ( VBD steered ) ( NP ( NN company ) ( NN money ) ) ( PP-DIR ( TO to ) ( NP ( NNS politicians ) ) ) ( PP-MNR ( IN through ) ( NP ( JJ outside ) ( NNS vendors ) ) ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNS individuals ) ) ( ADJP ( RB close ) ( PP ( TO to ) ( NP ( NP ( DT an ) ( NN investigation ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN utility ) ( VBG holding ) ( NN company ) ) ) ) ) ) ) ) ) ) ) )

Southern Co. 's Gulf Power Co. unit may plead guilty this week to charges that it illegally steered company money to politicians through outside vendors according to individuals close to an investigation of the utility holding company


( S ( NP-SBJ ( NP ( DT The ) ( NN tentative ) ( NN settlement ) ) ( PP ( IN between ) ( NP ( NP ( NP ( NNP Gulf ) ( NNP Power ) ) ( NP ( DT a ) ( NAC-LOC ( NNP Pensacola ) ( NNP Fla. ) ) ( JJ electric ) ( NN company ) ) ) ( CC and ) ( NP ( JJ federal ) ( NNS prosecutors ) ) ) ) ) ( VP ( MD would ) ( VP ( VB mark ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( NP ( CD one ) ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ wide-ranging ) ( NN inquiry ) ) ( PP ( IN of ) ( NP ( NNP Southern ) ( NNP Co. ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ past ) ( NN year ) ) ) ) ) ) ) ) ) ) )

The tentative settlement between Gulf Power a Pensacola Fla. electric company and federal prosecutors would mark the end of one part of a wide-ranging inquiry of Southern Co. in the past year


( S ( NP-SBJ ( DT A ) ( JJ grand ) ( NN jury ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG investigating ) ( SBAR ( IN whether ) ( S ( NP-SBJ-1 ( NP ( NNS officials ) ) ( PP-LOC ( IN at ) ( NP ( NNP Southern ) ( NNP Co. ) ) ) ) ( VP ( VBD conspired ) ( S ( VP ( TO to ) ( VP ( VB cover ) ( PRT ( RP up ) ) ( NP ( NP ( PRP$ their ) ( NN accounting ) ) ( PP ( IN for ) ( NP ( JJ spare ) ( NNS parts ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB evade ) ( NP ( JJ federal ) ( NN income ) ( NNS taxes ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

A grand jury has been investigating whether officials at Southern Co. conspired to cover up their accounting for spare parts to evade federal income taxes


( S ( NP-SBJ ( DT The ) ( JJ grand ) ( NN jury ) ) ( VP ( VBZ has ) ( ADVP ( RB also ) ) ( VP ( VBN been ) ( VP ( VBG investigating ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( NNP Gulf ) ( NNP Power ) ( NNS executives ) ) ( VP ( VBD violated ) ( NP ( NP ( DT the ) ( JJ federal ) ( NNP Utility ) ( NNP Holding ) ( NNP Company ) ( NNP Act ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ prohibits ) ( NP-2 ( JJ certain ) ( NNS utilities ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG making ) ( NP ( JJ political ) ( NNS contributions ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The grand jury has also been investigating whether Gulf Power executives violated the federal Utility Holding Company Act which prohibits certain utilities from making political contributions


( S ( NP-SBJ ( DT The ) ( NNS individuals ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Gulf ) ( NNP Power ) ) ( CC and ) ( NP ( JJ federal ) ( NNS prosecutors ) ) ) ( VP ( VBP are ) ( VP ( VBG considering ) ( NP ( NP ( DT a ) ( NN settlement ) ) ( SBAR ( WHPP-1 ( IN under ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( MD would ) ( VP ( VP ( VB plead ) ( ADJP-PRD ( JJ guilty ) ) ( PP-CLR ( TO to ) ( NP ( CD two ) ( NN felony ) ( NNS charges ) ) ) ) ( CC and ) ( VP ( VB pay ) ( NP ( NP ( NNS fines ) ) ( VP ( VBG totaling ) ( NP ( QP ( IN between ) ( CD 500,000 ) ( CC and ) ( CD 1.5 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The individuals said Gulf Power and federal prosecutors are considering a settlement under which the company would plead guilty to two felony charges and pay fines totaling between 500,000 and 1.5 million


( S ( PP-LOC ( IN Under ) ( NP ( CD one ) ( NN count ) ) ) ( NP-SBJ-2 ( NNP Gulf ) ( NNP Power ) ) ( VP ( MD would ) ( VP ( VB plead ) ( ADJP-PRD ( JJ guilty ) ) ( PP-CLR ( TO to ) ( S-NOM ( VP ( VBG conspiring ) ( S-CLR ( VP ( TO to ) ( VP ( VB violate ) ( NP ( DT the ) ( NNP Utility ) ( NNP Holding ) ( NNP Company ) ( NNP Act ) ) ) ) ) ) ) ) ) ) )

Under one count Gulf Power would plead guilty to conspiring to violate the Utility Holding Company Act


( S ( PP-LOC ( IN Under ) ( NP ( DT the ) ( JJ second ) ( NN count ) ) ) ( NP-SBJ-2 ( DT the ) ( NN company ) ) ( VP ( MD would ) ( VP ( VB plead ) ( ADJP-PRD ( JJ guilty ) ) ( PP-CLR ( TO to ) ( S-NOM ( VP ( VBG conspiring ) ( S-CLR ( VP ( TO to ) ( VP ( VB evade ) ( NP ( NNS taxes ) ) ) ) ) ) ) ) ) ) )

Under the second count the company would plead guilty to conspiring to evade taxes


( S ( S-TPC-2 ( NP-SBJ-1 ( DT The ) ( JJ guilty ) ( NNS pleas ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN made ) ( PP ( ADVP ( RB solely ) ) ( IN by ) ( NP-LGS ( NNP Gulf ) ( NNP Power ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNS individuals ) ) ( VP ( VBD said ) ) )

The guilty pleas would be made solely by Gulf Power the individuals said


( S ( NP-SBJ-1 ( DT No ) ( NN employee ) ( CC or ) ( NN vendor ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN involved ) ) ) ) )

No employee or vendor would be involved


( S ( NP-SBJ ( NP ( DT A ) ( NN spokesman ) ) ( PP ( IN for ) ( NP ( NNP Southern ) ( NNP Co. ) ) ) ) ( VP ( MD would ) ( VP ( VB say ) ( ADVP ( RB only ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NNS discussions ) ) ) ( VP ( VBP are ) ( VP ( VBG continuing ) ( PP-1 ( IN between ) ( NP ( NP ( NNP Gulf ) ( NNP Power ) ) ( CC and ) ( NP ( JJ federal ) ( NNS prosecutors ) ) ) ) ) ) ) ) ) ) )

A spokesman for Southern Co. would say only that discussions are continuing between Gulf Power and federal prosecutors


( S ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VB have ) ( NP ( NP ( DT no ) ( JJ further ) ( NNS developments ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB report ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

We have no further developments to report he said


( S ( NP-SBJ-1 ( NP ( NNS Officials ) ) ( PP-LOC ( IN at ) ( NP ( NNP Gulf ) ( NNP Power ) ) ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN reached ) ( PP-CLR ( IN for ) ( NP ( NN comment ) ) ) ) ) ) )

Officials at Gulf Power could n't be reached for comment


( S ( CC And ) ( NP-SBJ-1 ( NNS prosecutors ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB comment ) ) ) ) ) )

And prosecutors declined to comment


( S ( SBAR-ADV ( IN While ) ( S ( NP-SBJ-2 ( NNP Southern ) ( NNP Co. ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( JJ reluctant ) ( S ( VP ( TO to ) ( VP ( VB discuss ) ( NP ( DT the ) ( JJ grand ) ( NN jury ) ( NNS investigations ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Edward ) ( NNP L. ) ( NNP Addison ) ) ( NP ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ( VP ( VBZ has ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-3 ( DT the ) ( NN company ) ) ( VP ( VBZ is ) ( VP ( VBN prepared ) ( S ( VP ( TO to ) ( VP ( VB defend ) ( NP ( PRP$ its ) ( NN tax ) ( CC and ) ( NN acccounting ) ( NNS practices ) ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ-1 ( DT any ) ( NNS charges ) ) ( VP ( VBP are ) ( VP ( VBN brought ) ( PP-CLR ( IN against ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ) ) ) ) )

While Southern Co. has been reluctant to discuss the grand jury investigations Edward L. Addison chief executive officer has said the company is prepared to defend its tax and acccounting practices if any charges are brought against it


( S ( ADVP ( RB Morever ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Addison ) ) ( VP ( VBZ has ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Southern ) ( NNP Co. ) ) ( CC and ) ( NP ( PRP$ its ) ( NNS units ) ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB condone ) ( NP ( JJ illegal ) ( JJ political ) ( NNS contributions ) ) ) ) ) ) ) ) )

Morever Mr. Addison has said Southern Co. and its units do n't condone illegal political contributions


( S ( NP-SBJ-1 ( CC Neither ) ( NP ( NNP Mr. ) ( NNP Addison ) ) ( CC nor ) ( NP ( ADJP ( DT any ) ( JJ other ) ) ( NNP Southern ) ( NNP Co. ) ( NN official ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN charged ) ( PP-CLR ( IN with ) ( NP ( DT any ) ( NN wrongdoing ) ) ) ( PP ( IN in ) ( NP ( NP ( NN connection ) ) ( PP ( IN with ) ( NP ( DT the ) ( JJ current ) ( NNS inquiries ) ) ) ) ) ) ) ) )

Neither Mr. Addison nor any other Southern Co. official has been charged with any wrongdoing in connection with the current inquiries


( S ( NP-SBJ ( NP ( DT The ) ( NN probe ) ) ( PP ( IN of ) ( NP ( NNP Southern ) ( NNP Co. ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN attracted ) ( NP ( JJ considerable ) ( NN attention ) ) ( NP-TMP ( DT this ) ( NN year ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( JJ several ) ( NNS events ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP have ) ( VP ( VBN befallen ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ( PP ( VBG including ) ( NP ( NP ( NP ( DT the ) ( NN death ) ) ( PP ( IN of ) ( NP ( DT a ) ( NNP Gulf ) ( NNP Power ) ( NN executive ) ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN plane ) ( NN crash ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN disappearance ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN company ) ( NN vendor ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD was ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( JJ key ) ( JJ grand ) ( NN jury ) ( NN witness ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The probe of Southern Co. has attracted considerable attention this year because of several events that have befallen the company including the death of a Gulf Power executive in a plane crash and the disappearance of a company vendor who was to be a key grand jury witness


( S ( NP-SBJ ( NNS Witnesses ) ) ( VP ( VBP have ) ( VP ( VBN said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( JJ grand ) ( NN jury ) ) ( VP ( VBZ has ) ( VP ( VBN asked ) ( NP ( NP ( JJ numerous ) ( NNS questions ) ) ( PP ( IN about ) ( NP ( NP ( NNP Jacob ) ( NNP F. ) ( NN Jake ) ( NNP Horton ) ) ( NP ( NP ( DT the ) ( JJ senior ) ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( NNP Gulf ) ( NNP Power ) ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD died ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN plane ) ( NN crash ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Witnesses have said the grand jury has asked numerous questions about Jacob F. Jake Horton the senior vice president of Gulf Power who died in the plane crash in April


( S ( NP-SBJ ( NNP Mr. ) ( NNP Horton ) ) ( VP ( VBD oversaw ) ( NP ( NP ( NNP Gulf ) ( NNP Power ) ( POS 's ) ) ( NNS governmental-affairs ) ( NNS efforts ) ) ) )

Mr. Horton oversaw Gulf Power 's governmental-affairs efforts


( S ( PP-TMP ( IN On ) ( NP ( NP ( DT the ) ( NN morning ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN crash ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN put ) ( PP-PUT ( IN on ) ( NP ( NN notice ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT an ) ( NN audit ) ( NN committee ) ) ( VP ( VBD was ) ( VP ( VBG recommending ) ( NP ( PRP$ his ) ( NN dismissal ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( NN invoicing ) ( NNS irregularities ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN company ) ( NN audit ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

On the morning of the crash he had been put on notice that an audit committee was recommending his dismissal because of invoicing irregularities in a company audit


( S ( NP-SBJ-1 ( NNS Investigators ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB determine ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( DT the ) ( NN crash ) ) ( VP ( VBD was ) ( NP-PRD ( DT an ) ( NN accident ) ( NN sabotage ) ( CC or ) ( NN suicide ) ) ) ) ) ) ) ) ) ) ) )

Investigators have been trying to determine whether the crash was an accident sabotage or suicide


( S ( NP-SBJ ( NNP Gulf ) ( NNP Power ) ) ( VP ( VBD said ) ( PP-TMP ( IN in ) ( NP ( NNP May ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT an ) ( JJ internal ) ( NN audit ) ) ( VP ( VBD had ) ( VP ( VBN disclosed ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( QP ( IN at ) ( JJS least ) ( CD one ) ) ( NN vendor ) ) ( VP ( VBD had ) ( VP ( VBN used ) ( NP ( JJ false ) ( NNS invoices ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB fund ) ( NP ( JJ political ) ( NNS causes ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Gulf Power said in May that an internal audit had disclosed that at least one vendor had used false invoices to fund political causes


( S ( CC But ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( JJ political ) ( NNS contributions ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN made ) ( ADVP-TMP ( NP ( QP ( RBR more ) ( IN than ) ( CD five ) ) ( NNS years ) ) ( RB ago ) ) ) ) ) ) ) ) )

But the company said the political contributions had been made more than five years ago


( S ( NP-SBJ ( NP ( DT A ) ( JJ frozen ) ( NN mountaintop ) ) ( PP-LOC ( IN in ) ( NP ( NNP Tibet ) ) ) ) ( VP ( MD may ) ( VP ( VB offer ) ( NP ( NP ( DT an ) ( JJ important ) ( NN clue ) ) ( PP ( IN about ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( DT the ) ( NNP Earth ) ) ( VP ( VBZ is ) ( VP ( VBG warming ) ( ADVP-MNR ( RB perilously ) ) ) ) ) ) ) ) ) ) )

A frozen mountaintop in Tibet may offer an important clue about whether the Earth is warming perilously


( S ( NP-SBJ ( NP ( NNS Researchers ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Ohio ) ( NNP State ) ( NNP University ) ) ( CC and ) ( NP ( NP ( NNP Lanzhou ) ( NNP Institute ) ) ( PP ( IN of ) ( NP ( NNP Glaciology ) ( CC and ) ( NNP Geocryology ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP China ) ) ) ) ) ) ) ( VP ( VP ( VBP have ) ( VP ( VBN analyzed ) ( NP ( NP ( NNS samples ) ) ( PP ( IN of ) ( NP ( NP ( JJ glacial ) ( NN ice ) ) ( PP-LOC ( IN in ) ( NP ( NNP Tibet ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( NP ( NNS temperatures ) ) ( ADVP-LOC ( RB there ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( ADJP-PRD ( ADJP ( RB significantly ) ( JJR higher ) ) ) ( PP ( IN on ) ( NP ( NN average ) ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ past ) ( NN half-century ) ) ) ( PP-1 ( IN than ) ( PP-TMP ( IN in ) ( NP ( NP ( DT any ) ( JJ similar ) ( NN period ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ past ) ( CD 10,000 ) ( NNS years ) ) ) ) ) ) ) ) ) ) ) ) )

Researchers at Ohio State University and Lanzhou Institute of Glaciology and Geocryology in China have analyzed samples of glacial ice in Tibet and say temperatures there have been significantly higher on average over the past half-century than in any similar period in the past 10,000 years


( S ( NP-SBJ ( DT The ) ( NN ice ) ( NNS samples ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( DT an ) ( JJ important ) ( NN piece ) ) ( PP ( IN of ) ( NP ( NN evidence ) ) ) ( VP ( VBG supporting ) ( NP ( NNS theories ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNP Earth ) ) ( VP ( VBZ has ) ( VP ( VP ( VBN warmed ) ( ADVP-MNR ( RB considerably ) ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS times ) ) ) ( PP-PRP ( ADVP ( RB largely ) ) ( IN because ) ( IN of ) ( NP ( NP ( NNS pollutants ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN air ) ) ) ) ) ) ( CC and ) ( VP ( MD will ) ( VP ( VB warm ) ( ADVP-MNR ( RB far ) ( RBR more ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NN century ) ) ( ADVP ( RB ahead ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The ice samples are an important piece of evidence supporting theories that the Earth has warmed considerably in recent times largely because of pollutants in the air and will warm far more in the century ahead


( S ( NP-SBJ-1 ( DT A ) ( JJ substantial ) ( VBG warming ) ) ( VP ( MD would ) ( VP ( VB melt ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Earth ) ( POS 's ) ) ( JJ polar ) ( NN ice ) ( NNS caps ) ) ) ) ( S-ADV ( VP ( VP ( VBG raising ) ( NP ( NP ( DT the ) ( NN level ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS oceans ) ) ) ) ) ( CC and ) ( VP ( VBG causing ) ( NP ( NP ( JJ widespread ) ( NN flooding ) ) ( PP ( IN of ) ( NP ( ADJP ( RB heavily ) ( VBN populated ) ) ( JJ coastal ) ( NNS areas ) ) ) ) ) ) ) ) ) )

A substantial warming would melt some of the Earth 's polar ice caps raising the level of the oceans and causing widespread flooding of heavily populated coastal areas


( SINV ( S-TPC-5 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-4 ( PRP you ) ) ( VP ( MD can ) ( VP ( VB use ) ( NP ( NNS data ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB reconstruct ) ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( VP ( VBD happened ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN past ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP you ) ) ( VP ( VBP have ) ( NP ( NP ( ADJP ( RB much ) ( JJR more ) ) ( NN confidence ) ) ( PP ( IN in ) ( NP ( NP ( NNS predictions ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN future ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Lonnie ) ( NNP Thompson ) ) ( NP ( NP ( DT a ) ( NN research ) ( NN scientist ) ) ( PP-LOC ( IN at ) ( NP ( NNP Ohio ) ( NNP State ) ) ) ( SBAR ( WHNP-3 ( WP who ) ) ( S ( VP ( VP ( VBD dug ) ( PP-CLR ( IN for ) ) ) ( CC and ) ( VP ( VBD analyzed ) ) ( NP-1 ( DT the ) ( NN ice ) ( NNS samples ) ) ) ) ) ) ) )

If you can use data to reconstruct what happened in the past you have much more confidence in predictions for the future said Lonnie Thompson a research scientist at Ohio State who dug for and analyzed the ice samples


( S ( S-PRP ( VP ( TO To ) ( VP ( VB compare ) ( NP ( NP ( NNS temperatures ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ past ) ( CD 10,000 ) ( NNS years ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNS researchers ) ) ( VP ( VBD analyzed ) ( NP ( NP ( DT the ) ( NNS changes ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNS concentrations ) ) ( PP ( IN of ) ( NP ( NP ( CD two ) ( NNS forms ) ) ( PP ( IN of ) ( NP ( NN oxygen ) ) ) ) ) ) ) ) ) )

To compare temperatures over the past 10,000 years researchers analyzed the changes in concentrations of two forms of oxygen


( S-1 ( NP-SBJ ( DT These ) ( NNS measurements ) ) ( VP ( MD can ) ( VP ( VB indicate ) ( NP ( NN temperature ) ( NNS changes ) ) ( PRN ( S ( NP-SBJ ( NNS researchers ) ) ( VP ( VBD said ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( DT the ) ( NNS rates ) ) ( PP ( IN of ) ( NP ( NP ( NN evaporation ) ) ( PP ( IN of ) ( NP ( DT these ) ( NN oxygen ) ( NNS atoms ) ) ) ) ) ) ( VP ( VBP differ ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NNS temperatures ) ) ( VP ( VBP change ) ) ) ) ) ) ) ) ) )

These measurements can indicate temperature changes researchers said because the rates of evaporation of these oxygen atoms differ as temperatures change


( S ( S-TPC-2 ( NP-SBJ ( NP ( NN Analysis ) ) ( PP ( IN of ) ( NP ( NP ( NN ice ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NNP Dunde ) ( NN ice ) ( NN cap ) ) ( NP ( NP ( DT a ) ( JJ glacial ) ( NN plateau ) ) ( PP-LOC ( IN in ) ( NP ( NNP Tibet ) ) ) ( PP ( NP-ADV ( CD 17,000 ) ( NNS feet ) ) ( IN above ) ( NP ( NN sea ) ( NN level ) ) ) ) ) ) ) ) ) ( VP ( VBP show ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ average ) ( NNS temperatures ) ) ( VP ( VBD were ) ( ADJP-PRD ( ADJP ( JJR higher ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1937-87 ) ) ) ( PP-1 ( IN than ) ( PP-TMP ( IN in ) ( NP ( NP ( DT any ) ( JJ other ) ( JJ 50-year ) ( NN period ) ) ( PP-TMP ( IN since ) ( PP ( IN before ) ( NP ( DT the ) ( JJ last ) ( NNP Ice ) ( NNP Age ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Thompson ) ) ( VP ( VBD said ) ) )

Analysis of ice from the Dunde ice cap a glacial plateau in Tibet 17,000 feet above sea level show that average temperatures were higher in 1937-87 than in any other 50-year period since before the last Ice Age Mr. Thompson said


( S ( NP-SBJ ( DT Some ) ( NN climate ) ( NNS models ) ) ( VP ( VBP project ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( JJ interior ) ( NNS regions ) ) ( PP ( IN of ) ( NP ( NNP Asia ) ) ) ) ( VP ( MD would ) ( VP ( VB be ) ( PP-LOC-PRD ( IN among ) ( NP ( NP ( DT the ) ( JJ first ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB heat ) ( PRT ( RP up ) ) ( PP-TMP ( IN in ) ( NP ( DT a ) ( JJ global ) ( NN warming ) ) ) ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP are ) ( ADVP-LOC-PRD ( RB far ) ( PP ( IN from ) ( NP ( NP ( NNS oceans ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBP moderate ) ( NP ( NN temperature ) ( NNS changes ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Some climate models project that interior regions of Asia would be among the first to heat up in a global warming because they are far from oceans which moderate temperature changes


( S ( S-TPC-1 ( CC But ) ( NP-SBJ ( DT the ) ( NN ice-core ) ( NNS samples ) ) ( VP ( VBP are ) ( RB n't ) ( NP-PRD ( JJ definitive ) ( NN proof ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( JJ so-called ) ( NN greenhouse ) ( NN effect ) ) ( VP ( MD will ) ( VP ( VB lead ) ( PP-CLR ( TO to ) ( NP ( JJ further ) ( JJ substantial ) ( JJ global ) ( NN heating ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Thompson ) ) ( VP ( VBD acknowledged ) ) )

But the ice-core samples are n't definitive proof that the so-called greenhouse effect will lead to further substantial global heating Mr. Thompson acknowledged


( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( NN greenhouse ) ( NNS theories ) ) ) ) ( NP-SBJ ( NP ( JJ increased ) ( NN carbon ) ( NN dioxide ) ( NNS emissions ) ) ( VP ( ADVP ( RB largely ) ) ( VBN caused ) ( PP ( IN by ) ( NP-LGS ( NP ( NN burning ) ) ( PP ( IN of ) ( NP ( JJ fossil ) ( NNS fuels ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB cause ) ( S ( NP-SBJ ( DT the ) ( NNP Earth ) ) ( VP ( TO to ) ( VP ( VB warm ) ( PRT ( RP up ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NN carbon ) ( NN dioxide ) ) ( VP ( VBZ prevents ) ( NP-1 ( NN heat ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG escaping ) ( PP-DIR ( IN into ) ( NP ( NN space ) ) ) ) ) ) ) ) ) ) ) )

According to greenhouse theories increased carbon dioxide emissions largely caused by burning of fossil fuels will cause the Earth to warm up because carbon dioxide prevents heat from escaping into space


( S ( NP-SBJ ( NNS Skeptics ) ) ( VP ( VBP say ) ( SBAR ( IN that ) ( S ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT the ) ( NN case ) ) ) ) ) ( NP-SBJ ( NNS temperatures ) ) ( VP ( MD should ) ( VP ( VB have ) ( VP ( VBN risen ) ( ADVP-MNR ( RB fairly ) ( RB uniformly ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ past ) ( NN century ) ) ) ( S-ADV ( VP ( VBG reflecting ) ( NP ( NP ( DT the ) ( NN increase ) ) ( PP ( IN in ) ( NP ( NN carbon ) ( NN dioxide ) ) ) ) ) ) ) ) ) ) ) ) )

Skeptics say that if that 's the case temperatures should have risen fairly uniformly over the past century reflecting the increase in carbon dioxide


( S ( ADVP ( RB Instead ) ) ( NP-SBJ ( DT the ) ( NNP Dunde ) ( NN ice-core ) ( NN record ) ) ( VP ( VBZ shows ) ( NP ( NP ( NP ( VBG increasing ) ( NNS temperatures ) ) ( PP-TMP ( PP ( IN from ) ( NP ( CD 1900 ) ) ) ( PP ( IN through ) ( NP ( DT the ) ( JJ early ) ( NNS 1950s ) ) ) ) ) ( NP ( NP ( VBG decreasing ) ( NNS temperatures ) ) ( PP-TMP ( PP ( IN from ) ( NP ( DT the ) ( JJ late ) ( NNS 1950s ) ) ) ( PP ( IN through ) ( NP ( DT the ) ( NNS mid-1970s ) ) ) ) ) ( RB then ) ( NP ( NP ( JJR higher ) ( NNS temperatures ) ) ( ADVP-TMP ( RB again ) ) ( PP-TMP ( IN through ) ( NP ( JJ last ) ( NN year ) ) ) ) ) ) )

Instead the Dunde ice-core record shows increasing temperatures from 1900 through the early 1950s decreasing temperatures from the late 1950s through the mid-1970s then higher temperatures again through last year


( S ( NP-SBJ ( JJ Other ) ( NN temperature ) ( NNS data ) ) ( VP ( VBP show ) ( NP ( JJ similar ) ( JJ unexplained ) ( NNS swings ) ) ) )

Other temperature data show similar unexplained swings


( SINV ( S-TPC-1 ( NP-SBJ ( NN Climate ) ) ( VP ( VBZ varies ) ( ADVP-MNR ( RB drastically ) ) ( ADVP-PRP ( RB due ) ( PP ( TO to ) ( NP ( JJ natural ) ( NNS causes ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Thompson ) ) )

Climate varies drastically due to natural causes said Mr. Thompson


( S ( CC But ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NN ice ) ( NNS samples ) ) ( PP ( IN from ) ( NP ( NNP Peru ) ( NNP Greenland ) ( CC and ) ( NNP Antarctica ) ) ) ) ( DT all ) ( VP ( VBP show ) ( NP ( NP ( JJ substantial ) ( NNS signs ) ) ( PP ( IN of ) ( NP ( VBG warming ) ) ) ) ) ) ) ) )

But he said ice samples from Peru Greenland and Antarctica all show substantial signs of warming


( S ( NP-SBJ ( JJ Nicaraguan ) ( NNP President ) ( NNP Daniel ) ( NNP Ortega ) ) ( VP ( MD may ) ( VP ( VB have ) ( VP ( VBN accomplished ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NN weekend ) ) ) ( NP ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( NP-SBJ-1 ( PRP$ his ) ( NNP U.S. ) ( NNS antagonists ) ) ( VP ( VBP have ) ( VP ( VBN failed ) ( S ( VP ( TO to ) ( VP ( VB do ) ) ) ) ) ) ) ) ( S ( VP ( VB revive ) ( NP ( NP ( DT a ) ( NN constituency ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP Contra ) ( NNS rebels ) ) ) ) ) ) ) ) ) ) )

Nicaraguan President Daniel Ortega may have accomplished over the weekend what his U.S. antagonists have failed to do revive a constituency for the Contra rebels


( S ( S ( NP-SBJ ( NNS Lawmakers ) ) ( VP ( VBP have ) ( RB n't ) ( VP ( ADVP-MNR ( RB publicly ) ) ( VBN raised ) ( NP ( NP ( DT the ) ( NN possibility ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG renewing ) ( NP ( NP ( JJ military ) ( NN aid ) ) ( PP ( TO to ) ( NP ( DT the ) ( NNPS Contras ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( NNP President ) ( NNP Bush ) ) ( VP ( VBD parried ) ( NP ( DT the ) ( NN question ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT a ) ( NN news ) ( NN conference ) ) ( ADVP-LOC ( RB here ) ) ) ) ( NP-TMP ( NNP Saturday ) ) ( S-ADV ( VP ( VBG saying ) ( ADVP ( RB only ) ) ( SBAR ( IN that ) ( S ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT an ) ( JJ all-out ) ( JJ military ) ( NN offensive ) ) ) ) ) ( NP-SBJ-2 ( WDT that ) ) ( VP ( VBZ 's ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB change ) ( NP ( DT the ) ( NN equation ) ) ( NP-MNR ( CD 180 ) ( NNS degrees ) ) ) ) ) ) ) ) ) ) ) ) ) )

Lawmakers have n't publicly raised the possibility of renewing military aid to the Contras and President Bush parried the question at a news conference here Saturday saying only that if there 's an all-out military offensive that 's going to change the equation 180 degrees


( S ( CC But ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Ortega ) ( POS 's ) ) ( NN threat ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NN weekend ) ) ) ( S ( VP ( TO to ) ( VP ( VB end ) ( NP ( NP ( DT a ) ( JJ 19-month ) ( NN cease-fire ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NNS rebels ) ) ( VP ( VBG seeking ) ( S ( VP ( TO to ) ( VP ( VB topple ) ( NP ( PRP him ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( ADVP-MNR ( RB effectively ) ) ( VBD elevated ) ( NP ( DT the ) ( NNPS Contras ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN policy ) ( NN priority ) ) ) ( SBAR-TMP ( ADVP ( RB just ) ) ( IN as ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBG slipping ) ( PP-DIR ( IN from ) ( NP ( NP ( DT the ) ( NNS agendas ) ) ( PP ( IN of ) ( NP ( PRP$ their ) ( ADJP ( JJS most ) ( JJ ardent ) ) ( NNS supporters ) ) ) ) ) ) ) ) ) ) )

But Mr. Ortega 's threat over the weekend to end a 19-month cease-fire with the rebels seeking to topple him effectively elevated the Contras as a policy priority just as they were slipping from the agendas of their most ardent supporters


( S ( NP-SBJ ( NP ( NNP Senate ) ( NNP Majority ) ( NNP Leader ) ( NNP George ) ( NNP Mitchell ) ) ( PRN ( NP ( NNP D. ) ) ( NP-LOC ( NNP Maine ) ) ) ) ( VP ( VBD said ) ( NP-TMP ( NN yesterday ) ) ( PP-LOC ( IN on ) ( NP ( NP ( NNP NBC-TV ) ( POS 's ) ) ( S-TTL ( VP ( NNP Meet ) ( NP ( NNP the ) ( NNP Press ) ) ) ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NP ( NNP Mr. ) ( NNP Ortega ) ( POS 's ) ) ( NN threat ) ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( ADJP ( RB very ) ( JJ unwise ) ) ( NN move ) ) ( NP-3 ( NP ( RB particularly ) ( DT the ) ( NN timing ) ) ( PP ( IN of ) ( NP ( PRP it ) ) ) ) ) ) ) ) )

Senate Majority Leader George Mitchell D. Maine said yesterday on NBC-TV 's Meet the Press that Mr. Ortega 's threat was a very unwise move particularly the timing of it


( S ( NP-SBJ ( DT The ) ( NN threat ) ) ( VP ( VBD came ) ( PP-TMP ( IN during ) ( NP ( NP ( DT a ) ( JJ two-day ) ( NN celebration ) ) ( PP-LOC ( IN in ) ( NP ( NNP Costa ) ( NNP Rica ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB highlight ) ( NP ( NP ( NP ( NNP Central ) ( NNP America ) ( POS 's ) ) ( NN progress ) ) ( PP ( IN toward ) ( NP ( NN democracy ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN region ) ) ) ) ) ) ) ) ( VP ( VBN attended ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP President ) ( NNP Bush ) ) ( NP ( JJ Canadian ) ( NNP Prime ) ( NNP Minister ) ( NNP Brian ) ( NNP Mulroney ) ) ( CC and ) ( NP ( CD 14 ) ( JJ other ) ( NNP Western ) ( NNP Hemisphere ) ( NNS leaders ) ) ) ) ) ) ) ) )

The threat came during a two-day celebration in Costa Rica to highlight Central America 's progress toward democracy in the region attended by President Bush Canadian Prime Minister Brian Mulroney and 14 other Western Hemisphere leaders


( S ( NP-SBJ ( NNP Mr. ) ( NNP Bush ) ) ( VP ( VBD returned ) ( PP-DIR ( TO to ) ( NP ( NNP Washington ) ) ) ( NP-TMP ( NNP Saturday ) ( NN night ) ) ) )

Mr. Bush returned to Washington Saturday night


( S ( NP-SBJ ( NNP Mr. ) ( NNP Ortega ) ) ( VP ( VBD announced ) ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD would ) ( VP ( VB end ) ( NP ( DT the ) ( NN cease-fire ) ) ( NP-TMP ( DT this ) ( NN week ) ) ( PP ( IN in ) ( NP ( NP ( NN response ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( JJ periodic ) ( NNP Contra ) ( NNS assaults ) ) ( PP ( IN against ) ( NP ( PRP$ his ) ( NN army ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Ortega announced on Friday that he would end the cease-fire this week in response to the periodic Contra assaults against his army


( S ( NP-TMP ( NNP Saturday ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD amended ) ( NP-1 ( PRP$ his ) ( NNS remarks ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB say ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( PRP he ) ) ( VP ( MD would ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB abide ) ( PP-CLR ( IN by ) ( NP ( DT the ) ( NN cease-fire ) ) ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ) ( VP ( VBZ ends ) ( NP ( NP ( PRP$ its ) ( JJ financial ) ( NN support ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNPS Contras ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Saturday he amended his remarks to say that he would continue to abide by the cease-fire if the U.S. ends its financial support for the Contras


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD asked ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( VBG remaining ) ( NNP U.S. ) ( JJ humanitarian ) ( NN aid ) ) ( VP ( VB be ) ( VP ( VBN diverted ) ( PP-CLR ( TO to ) ( S-NOM ( VP ( VBG disarming ) ( CC and ) ( VBG demobilizing ) ( NP ( DT the ) ( NNS rebels ) ) ) ) ) ) ) ) ) ) )

He asked that the remaining U.S. humanitarian aid be diverted to disarming and demobilizing the rebels


( S ( RB Not ) ( RB only ) ( SINV ( VBD did ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Ortega ) ( POS 's ) ) ( NNS comments ) ) ( VP ( VB come ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NN midst ) ) ( PP ( IN of ) ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( VP ( VBD was ) ( VP ( VBN intended ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( NN showcase ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN region ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD came ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NNP Nicaragua ) ) ( VP ( VBZ is ) ( PP-LOC-PRD ( IN under ) ( NP ( JJ special ) ( JJ international ) ( NN scrutiny ) ) ) ( PP ( IN in ) ( NP ( NP ( NN anticipation ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ planned ) ( NNP February ) ( NNS elections ) ) ) ) ) ) ) ) ) ) )

Not only did Mr. Ortega 's comments come in the midst of what was intended as a showcase for the region it came as Nicaragua is under special international scrutiny in anticipation of its planned February elections


( S ( NP-SBJ-1 ( JJ Outside ) ( NNS observers ) ) ( VP ( VBP are ) ( VP ( VBG gathering ) ( PP-LOC-CLR ( IN in ) ( NP ( NNP Nicaragua ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB monitor ) ( NP ( NP ( DT the ) ( NN registration ) ( CC and ) ( NN treatment ) ) ( PP ( IN of ) ( NP ( NN opposition ) ( NNS candidates ) ) ) ) ) ) ) ) ) )

Outside observers are gathering in Nicaragua to monitor the registration and treatment of opposition candidates


( S ( CC And ) ( NP-SBJ ( JJ important ) ( NNP U.S. ) ( NNS lawmakers ) ) ( VP ( MD must ) ( VP ( VB decide ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( NNP November ) ) ) ) ) ( SBAR ( IN if ) ( S ( NP-SBJ-1 ( DT the ) ( NNPS Contras ) ) ( VP ( VBP are ) ( S ( VP ( TO to ) ( VP ( VB receive ) ( NP ( NP ( DT the ) ( NN rest ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( QP ( CD 49 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( JJ so-called ) ( JJ humanitarian ) ( NN assistance ) ) ) ) ) ) ( PP-LOC ( IN under ) ( NP ( NP ( DT a ) ( JJ bipartisan ) ( NN agreement ) ) ( VP ( VBN reached ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NNP Bush ) ( NN administration ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP March ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

And important U.S. lawmakers must decide at the end of November if the Contras are to receive the rest of the 49 million in so-called humanitarian assistance under a bipartisan agreement reached with the Bush administration in March


( S ( NP-SBJ ( NP ( DT The ) ( JJ humanitarian ) ( NN assistance ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ pays ) ( PP-CLR ( IN for ) ( NP ( NP ( NNS supplies ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NN food ) ( CC and ) ( NN clothing ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NNS rebels ) ) ( VP ( VBN amassed ) ( PP-LOC ( IN along ) ( NP ( NP ( DT the ) ( JJ Nicaraguan ) ( NN border ) ) ( PP ( IN with ) ( NP ( NNS Honduras ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD replaced ) ( NP ( NP ( DT the ) ( JJ military ) ( NN aid ) ) ( VP ( VBN cut ) ( PRT ( RP off ) ) ( PP ( IN by ) ( NP-LGS ( NNP Congress ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP February ) ( CD 1988 ) ) ) ) ) ) )

The humanitarian assistance which pays for supplies such as food and clothing for the rebels amassed along the Nicaraguan border with Honduras replaced the military aid cut off by Congress in February 1988


( S ( SBAR-ADV ( IN While ) ( S ( NP-SBJ ( JJ few ) ( NNS lawmakers ) ) ( VP ( VBD anticipated ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( DT the ) ( JJ humanitarian ) ( NN aid ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN cut ) ( PRT ( RP off ) ) ( NP-TMP ( JJ next ) ( NN month ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Ortega ) ( POS 's ) ) ( NN threat ) ) ( ADVP ( RB practically ) ) ( VP ( VBZ guarantees ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( JJ humanitarian ) ( NN aid ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN continued ) ) ) ) ) ) ) )

While few lawmakers anticipated that the humanitarian aid would be cut off next month Mr. Ortega 's threat practically guarantees that the humanitarian aid will be continued


( S ( NP-SBJ ( NP ( NNP Senate ) ( NNP Minority ) ( NNP Leader ) ( NNP Robert ) ( NNP Dole ) ) ( PRN ( NP ( NNP R. ) ) ( NP-LOC ( NNP Kan ) ) ) ) ( VP ( VBD said ) ( NP-TMP ( NN yesterday ) ) ( PP-LOC ( IN on ) ( S-TTL ( VP ( NNP Meet ) ( NP ( NNP the ) ( NNP Press ) ) ) ) ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( MD would ) ( VP ( VB hope ) ( SBAR ( S ( PP-TMP ( IN after ) ( NP ( NP ( PRP$ his ) ( PRN ( NP ( NNP Mr. ) ( NNP Ortega ) ( POS 's ) ) ) ( NN act ) ) ( NP-TMP ( NP ( NN yesterday ) ) ( CC or ) ( NP ( NP ( DT the ) ( NN day ) ) ( ADVP-TMP ( IN before ) ) ) ) ) ) ( NP-SBJ ( PRP we ) ) ( VP ( MD 'd ) ( VP ( VB have ) ( NP ( NP ( JJ unanimous ) ( NN support ) ) ( PP ( IN for ) ( NP ( NP ( JJ quick ) ( NN action ) ) ( PP ( IN on ) ( NP ( VBG remaining ) ( JJ humanitarian ) ( NN aid ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Senate Minority Leader Robert Dole R. Kan said yesterday on Meet the Press I would hope after his Mr. Ortega 's act yesterday or the day before we 'd have unanimous support for quick action on remaining humanitarian aid


( S ( NP-SBJ ( NNP Sen. ) ( NNP Dole ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD hoped ) ( PP-CLR ( IN for ) ( NP ( NP ( JJ unanimous ) ( NN support ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( NN resolution ) ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB offer ) ( NP-TMP ( NN tomorrow ) ) ) ) ) ) ) ) ( VP ( VBG denouncing ) ( NP ( DT the ) ( JJ Nicaraguan ) ( NN leader ) ) ) ) ) ) ) ) ) ) ) )

Sen. Dole also said he hoped for unanimous support for a resolution he plans to offer tomorrow denouncing the Nicaraguan leader


( S ( SBAR-ADV ( IN While ) ( S ( S-NOM-SBJ-1 ( VP ( VBG renewing ) ( NP ( JJ military ) ( NN aid ) ) ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN considered ) ( S ( ADVP-PRD ( IN out ) ( PP ( IN of ) ( NP ( DT the ) ( NN question ) ) ) ) ) ( S-ADV ( VP ( VP ( VBN rejected ) ( PP ( IN by ) ( NP-LGS ( NNP Congress ) ) ) ) ( CC and ) ( VP ( VBN de-emphasized ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP Bush ) ( NN administration ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Ortega ) ( POS 's ) ) ( NN statement ) ) ( VP ( VBZ provides ) ( NP ( NNP Contra ) ( NNS supporters ) ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN opportunity ) ( S ( VP ( TO to ) ( VP ( VB press ) ( NP ( DT the ) ( NN administration ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN issue ) ) ) ) ) ) ) ) ) )

While renewing military aid had been considered out of the question rejected by Congress and de-emphasized by the Bush administration Mr. Ortega 's statement provides Contra supporters with the opportunity to press the administration on the issue


( SINV ( S-TMP-2 ( NP-SBJ ( DT The ) ( NN administration ) ) ( VP ( MD should ) ( ADVP-TMP ( RB now ) ) ( VP ( VB state ) ( SBAR ( IN that ) ( S ( SBAR-ADV ( IN if ) ( S ( NP-SBJ-1 ( DT the ) ( NNP February ) ( NN election ) ) ( VP ( VBZ is ) ( VP ( VBN voided ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNS Sandinistas ) ) ) ) ) ) ) ( NP-SBJ ( PRP they ) ) ( VP ( MD should ) ( VP ( VB call ) ( PP-CLR ( IN for ) ( NP ( JJ military ) ( NN aid ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( JJ former ) ( NAC ( NNP Assistant ) ( NNP Secretary ) ( PP ( IN of ) ( NP ( NNP State ) ) ) ) ( NNP Elliott ) ( NNP Abrams ) ) )

The administration should now state that if the February election is voided by the Sandinistas they should call for military aid said former Assistant Secretary of State Elliott Abrams


( S ( PP-LOC ( IN In ) ( NP ( DT these ) ( NNS circumstances ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD 'd ) ( VP ( VB win ) ) ) ) ) ) )

In these circumstances I think they 'd win


( S ( NP-SBJ ( NNP Sen. ) ( NNP Mitchell ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( JJ congressional ) ( NNPS Democrats ) ) ( VP ( VBP intend ) ( S ( VP ( TO to ) ( VP ( VB honor ) ( NP ( DT the ) ( NNP March ) ( NN agreement ) ( S ( VP ( TO to ) ( VP ( VB give ) ( NP ( JJ non-lethal ) ( NN support ) ) ( PP-DTV ( TO to ) ( NP ( DT the ) ( NNPS Contras ) ) ) ( PP-TMP ( IN through ) ( NP ( DT the ) ( NNP February ) ( NNS elections ) ) ) ) ) ) ) ) ) ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD added ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN agreement ) ) ( VP ( VBZ requires ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNPS Contras ) ) ( VP ( RB not ) ( VB initiate ) ( NP ( DT any ) ( JJ military ) ( NN action ) ) ) ) ) ) ) ) ) ) ) ) )

Sen. Mitchell said that congressional Democrats intend to honor the March agreement to give non-lethal support to the Contras through the February elections although he added that the agreement requires that the Contras not initiate any military action


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Ortega ) ( POS 's ) ) ( NN threat ) ( S ( VP ( TO to ) ( VP ( VB breach ) ( NP ( DT the ) ( NN cease-fire ) ) ) ) ) ) ( VP ( VBZ comes ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( NNP U.S. ) ( NNS officials ) ) ( VP ( VBD were ) ( VP ( VBG acknowledging ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNPS Contras ) ) ( VP ( VBP have ) ( PP-TMP ( IN at ) ( NP ( NNS times ) ) ) ( VP ( VBN violated ) ( NP ( PRP it ) ) ( NP-ADV ( PRP themselves ) ) ) ) ) ) ) ) ) ) ) )

Mr. Ortega 's threat to breach the cease-fire comes as U.S. officials were acknowledging that the Contras have at times violated it themselves


( S ( NP-SBJ ( NP ( NAC ( NNP Secretary ) ( PP ( IN of ) ( NP ( NNP State ) ) ) ) ( NNP James ) ( NNP Baker ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD accompanied ) ( NP ( NNP President ) ( NNP Bush ) ) ( PP-DIR ( TO to ) ( NP ( NNP Costa ) ( NNP Rica ) ) ) ) ) ) ) ( VP ( VBD told ) ( NP ( NNS reporters ) ) ( NP-TMP ( NNP Friday ) ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP have ) ( NP ( NP ( DT no ) ( NN reason ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB deny ) ( NP ( NNS reports ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT some ) ( NNP Contras ) ) ( VP ( VBD ambushed ) ( NP ( DT some ) ( NNP Sandinista ) ( NNS soldiers ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Secretary of State James Baker who accompanied President Bush to Costa Rica told reporters Friday I have no reason to deny reports that some Contras ambushed some Sandinista soldiers


( S ( NP-SBJ-1 ( NP ( NP ( NNP Mr. ) ( NNP Baker ) ( POS 's ) ) ( NN assistant ) ) ( PP ( IN for ) ( NP ( JJ inter-American ) ( NNS affairs ) ) ) ( NP ( NNP Bernard ) ( NNP Aronson ) ) ) ( SBAR-ADV ( IN while ) ( S ( VP ( VBG maintaining ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNPS Sandinistas ) ) ( VP ( VBD had ) ( ADVP ( RB also ) ) ( VP ( VBN broken ) ( NP ( DT the ) ( NN cease-fire ) ) ) ) ) ) ) ) ) ( VP ( VBD acknowledged ) ( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ 's ) ( ADVP-TMP ( RB never ) ) ( ADJP-PRD ( RB very ) ( JJ clear ) ) ( SBAR-2 ( WHNP-3 ( WP who ) ) ( S ( VP ( VBZ starts ) ( NP ( WP what ) ) ) ) ) ) ) ) )

Mr. Baker 's assistant for inter-American affairs Bernard Aronson while maintaining that the Sandinistas had also broken the cease-fire acknowledged It 's never very clear who starts what


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD added ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ) ( VP ( VBZ has ) ( VP ( VBN cut ) ( PRT ( RP off ) ) ( NP ( NP ( NN aid ) ) ( PP ( TO to ) ( NP ( DT some ) ( JJ rebel ) ( NNS units ) ) ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S-CLF ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN determined ) ( SBAR-ADV ( IN that ) ( S ( NP-SBJ ( DT those ) ( NNS units ) ) ( VP ( VBD broke ) ( NP ( DT the ) ( NN cease-fire ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He added that the U.S. has cut off aid to some rebel units when it was determined that those units broke the cease-fire


( S ( PP ( IN In ) ( NP ( NP ( NN addition ) ) ( PP ( TO to ) ( S-NOM ( VP ( VBG undermining ) ( NP ( NP ( NNS arguments ) ) ( PP ( IN in ) ( NP ( NP ( NN favor ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG ending ) ( NP ( NNP Contra ) ( NN aid ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Ortega ) ( POS 's ) ) ( NNS remarks ) ) ( ADVP ( RB also ) ) ( VP ( VBD played ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NNS suspicions ) ) ( PP ( IN of ) ( NP ( DT some ) ( NX ( NX ( NNP U.S. ) ( NNS officials ) ) ( CC and ) ( NX ( NX ( NNS conservatives ) ) ( PP-LOC ( IN outside ) ( NP ( DT the ) ( NN government ) ) ) ) ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( VP ( VBG searching ) ( PP-CLR ( IN for ) ( NP ( NP ( NNS ways ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB manipulate ) ( CC or ) ( VB void ) ( NP ( DT the ) ( NNP February ) ( NNS elections ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In addition to undermining arguments in favor of ending Contra aid Mr. Ortega 's remarks also played to the suspicions of some U.S. officials and conservatives outside the government that he is searching for ways to manipulate or void the February elections


( S ( NP-SBJ ( NP ( NN Administration ) ( NNS officials ) ) ( VP ( VBG traveling ) ( PP ( IN with ) ( NP ( NNP President ) ( NNP Bush ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Costa ) ( NNP Rica ) ) ) ) ) ( VP ( VBD interpreted ) ( NP ( NP ( NNP Mr. ) ( NNP Ortega ) ) ( VBZ 's ) ( NN wavering ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN sign ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( RB n't ) ( VP ( VBG responding ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( JJ military ) ( NNS attacks ) ) ) ( ADVP ( ADVP ( RB so ) ( RB much ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( VP ( VBG searching ) ( PP-CLR ( IN for ) ( NP ( NP ( NNS ways ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB strengthen ) ( NP ( PRP$ his ) ( NN hand ) ) ( ADVP-TMP ( RB prior ) ( PP ( TO to ) ( NP ( DT the ) ( NNS elections ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Administration officials traveling with President Bush in Costa Rica interpreted Mr. Ortega 's wavering as a sign that he is n't responding to the military attacks so much as he is searching for ways to strengthen his hand prior to the elections


( S ( NP-SBJ ( NNP Mr. ) ( NNP Abrams ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Ortega ) ) ( VP ( VBZ is ) ( VP ( VBG seeking ) ( S ( VP ( TO to ) ( VP ( VB demobilize ) ( NP ( DT the ) ( NNPS Contras ) ) ( ADVP-TMP ( RB prior ) ( PP ( TO to ) ( NP ( DT the ) ( NNS elections ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB remove ) ( NP ( DT any ) ( NN pressure ) ( S ( VP ( TO to ) ( VP ( VB hold ) ( NP ( JJ fair ) ( NNS elections ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Abrams said that Mr. Ortega is seeking to demobilize the Contras prior to the elections to remove any pressure to hold fair elections


( S ( S-TPC-1 ( NP-SBJ ( PRP$ My ) ( NN sense ) ) ( VP ( VBZ is ) ( SBAR-PRD ( S ( SBAR-NOM-SBJ ( WHNP-2 ( WP what ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP have ) ( PP-CLR ( IN in ) ( NP ( NN mind ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT an ) ( NN excuse ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG clamping ) ( PRT ( RP down ) ) ( PP-CLR ( IN on ) ( NP ( NN campaigning ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG creating ) ( NP ( NP ( DT an ) ( NN atmosphere ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ military ) ( NN emergency ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

My sense is what they have in mind is an excuse for clamping down on campaigning by creating an atmosphere of a military emergency he said


( S ( NP-SBJ-1 ( NNP Jayark ) ( NNP Corp. ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( NP ( NP ( QP ( CD 4 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NN cash ) ) ) ) ( NP ( NP ( QP ( CD 2 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( ADJP ( CD 12 ) ( NN % ) ) ( JJ convertible ) ( NNS debentures ) ) ) ) ( CC and ) ( NP ( QP ( CD 1.6 ) ( CD million ) ) ( JJ common ) ( NNS shares ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( ADJP ( RB closely ) ( VBN held ) ) ( NNP Kofcoh ) ( NNP Imports ) ( NNP Inc ) ) ) ) ) ) ) ) ) )

Jayark Corp. agreed to pay 4 million in cash 2 million of 12 % convertible debentures and 1.6 million common shares to acquire closely held Kofcoh Imports Inc


( S ( PP-LOC ( IN In ) ( NP ( JJ over-the-counter ) ( NN trading ) ) ) ( NP-TMP ( NNP Friday ) ) ( NP-SBJ-1 ( NNP Jayark ) ) ( VP ( VBD was ) ( VP ( VBN quoted ) ( PP-CLR ( IN at ) ( NP ( NP ( NP ( CD 87.5 ) ( NNS cents ) ) ( VP ( NN bid ) ) ) ( ADVP ( RB down ) ( NP-ADV ( CD 15.625 ) ( NNS cents ) ) ) ) ) ) ) )

In over-the-counter trading Friday Jayark was quoted at 87.5 cents bid down 15.625 cents


( S ( PP-LOC ( IN At ) ( NP ( DT the ) ( NN market ) ( NN price ) ) ) ( NP-SBJ ( DT the ) ( NN transaction ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( JJ total ) ( JJ indicated ) ( NN value ) ) ( PP ( IN of ) ( NP ( QP ( CD 7.4 ) ( CD million ) ) ) ) ) ) )

At the market price the transaction has a total indicated value of 7.4 million


( S ( NP-SBJ ( NNP Kofcoh ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NNP New ) ( NNP York ) ( VBG holding ) ( NN company ) ) ( PP ( IN for ) ( NP ( NP ( NNP Rosalco ) ( NNP Inc. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ imports ) ( NP ( NP ( NN furniture ) ) ( CC and ) ( NP ( JJ other ) ( NNS items ) ) ) ) ) ) ) ) ) ) )

Kofcoh is a New York holding company for Rosalco Inc. which imports furniture and other items