( S ( NP-SBJ ( NNP Mr. ) ( NNP Ireland ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( CD 11 ) ( NN DC10-30 ) ( NN aircraft ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( NNP PWA ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB sell ) ) ) ) ( S-TMP ( VP ( VBG beginning ) ( PP-TMP-CLR ( IN in ) ( NP ( CD 1992 ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBP have ) ( NP ( NP ( DT a ) ( JJ current ) ( NN half-life ) ( NN value ) ) ( PP ( IN of ) ( NP ( NP ( NP ( QP ( IN about ) ( CD 34 ) ( CD million ) ) ) ( NP-ADV ( DT each ) ) ) ( CC or ) ( NP ( DT a ) ( JJ total ) ( QP ( CD 374 ) ( CD million ) ) ) ) ) ) ( S-ADV ( VP ( VBG raising ) ( NP ( NP ( JJ aggregate ) ( JJ potential ) ( NNS proceeds ) ) ( PP ( IN from ) ( NP ( DT the ) ( NN aircraft ) ( NN sale ) ) ) ) ( PP-DIR ( TO to ) ( NP ( QP ( IN about ) ( CD 1.02 ) ( CD billion ) ) ) ) ) ) ) ) ) ) )

Mr. Ireland said 11 DC10-30 aircraft that PWA also said it plans to sell beginning in 1992 have a current half-life value of about 34 million each or a total 374 million raising aggregate potential proceeds from the aircraft sale to about 1.02 billion


( S ( NP-SBJ ( NNP Mr. ) ( NNP Ireland ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( JJ current ) ( NN demand ) ) ( PP ( IN for ) ( NP ( VBN used ) ( NN aircraft ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ strong ) ) ( SBAR-PRP ( RB partly ) ( IN because ) ( S ( NP-SBJ ( NP ( VBG surging ) ( NNS orders ) ) ( PP ( IN for ) ( NP ( JJ new ) ( NNS aircraft ) ) ) ) ( VP ( VBP have ) ( VP ( VBN lengthened ) ( NP ( NN waiting ) ( NNS lists ) ) ) ) ) ) ) ) ) ) )

Mr. Ireland said current demand for used aircraft is strong partly because surging orders for new aircraft have lengthened waiting lists


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD predicted ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNP PWA ) ) ( VP ( MD would ) ( VP ( VB have ) ( NP ( NP ( JJ little ) ( NN difficulty ) ) ( S-NOM ( VP ( VBG attracting ) ( NP ( JJ prospective ) ( NNS buyers ) ) ) ) ) ) ) ) ) ) )

He predicted that PWA would have little difficulty attracting prospective buyers


( S ( PP-LOC ( IN Under ) ( NP ( PRP$ its ) ( VBN revised ) ( NN fleet ) ( NN plan ) ) ) ( NP-SBJ ( NNP PWA ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VP ( VB increase ) ( NP ( NP ( PRP$ its ) ( VBG existing ) ( NN fleet ) ) ( PP ( IN of ) ( NP ( CD eight ) ( NNP Boeing ) ( NNP 767-300ER ) ( NN aircraft ) ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 18 ) ) ) ( PP-TMP ( IN by ) ( NP ( CD 1994 ) ) ) ) ( CC and ) ( VP ( VB add ) ( NP ( QP ( CD four ) ( JJR more ) ) ( NNP Boeing ) ( CD 747-400s ) ) ( PP-TMP ( IN by ) ( NP ( CD 1994 ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( CD two ) ( NNS units ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ-2 ( PRP it ) ) ( ADVP-TMP ( RB previously ) ) ( VP ( VBD planned ) ( S ( VP ( TO to ) ( VP ( VB add ) ( PP-TMP ( IN by ) ( NP ( JJ next ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Under its revised fleet plan PWA said it will also increase its existing fleet of eight Boeing 767-300ER aircraft to 18 by 1994 and add four more Boeing 747-400s by 1994 to the two units that it previously planned to add by next year


( S ( NP-SBJ ( NNP PWA ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( CD two ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Boeing ) ( NNP 767-300ER ) ( NN aircraft ) ) ( VP ( VBN scheduled ) ( PP-CLR ( IN for ) ( NP ( NN delivery ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1990 ) ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN leased ) ( PRT ( RP out ) ) ( PP-TMP ( IN for ) ( NP ( QP ( CD two ) ( TO to ) ( CD five ) ) ( NNS years ) ) ) ) ) ) ) ) ) )

PWA said two of the Boeing 767-300ER aircraft scheduled for delivery in 1990 would be leased out for two to five years


( S ( S ( NP-SBJ ( NNP PWA ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB disclose ) ( NP ( NP ( DT the ) ( VBN expected ) ( NN net ) ( NN cost ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN fleet ) ( NN overhaul ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT a ) ( JJ Toronto-based ) ( NN analyst ) ) ( VP ( VBD estimated ) ( NP ( PRP it ) ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( IN about ) ( CD 450 ) ( CD million ) ) ) ( PRN ( NP ( NNP US ) ) ) ( PP ( VBG excluding ) ( NP ( NP ( NP ( NN replacement ) ( NNS costs ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( CD 11 ) ( NN DC10-30 ) ( NN aircraft ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ-2 ( NNP PWA ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB sell ) ) ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( NN purchase ) ( NNS costs ) ) ( PP ( IN for ) ( NP ( NP ( QP ( RB as ) ( JJ many ) ( IN as ) ( CD 17 ) ) ( NNP Airbus ) ( CD 320-200 ) ( NN aircraft ) ) ( SBAR ( WHNP-3 ( IN that ) ) ( S ( NP-SBJ ( NNP PWA ) ) ( ADVP-TMP ( RB previously ) ) ( VP ( VBD ordered ) ) ) ) ) ) ) ) ) ) ) ) ) )

PWA did n't disclose the expected net cost of the fleet overhaul but a Toronto-based analyst estimated it at about 450 million US excluding replacement costs for the 11 DC10-30 aircraft that PWA plans to sell and purchase costs for as many as 17 Airbus 320-200 aircraft that PWA previously ordered


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB see ) ( NP ( DT this ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN debt ) ( NN reduction ) ( NN exercise ) ) ) ) ) )

I do n't see this as a debt reduction exercise


( S ( S-TPC-1 ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( VP ( VBN focused ) ( PP-CLR ( IN on ) ( S-NOM ( VP ( VBG streamlining ) ( NP ( NP ( NNP PWA ) ( POS 's ) ) ( NN fleet ) ) ( PP-PRP ( IN in ) ( NP ( DT a ) ( NN bid ) ( S ( VP ( TO to ) ( VP ( VB cut ) ( NP ( NN training ) ( CC and ) ( NN aircraft ) ( NN servicing ) ( NNS costs ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN analyst ) ) ( VP ( VBD said ) ) )

It 's focused on streamlining PWA 's fleet in a bid to cut training and aircraft servicing costs the analyst said


( S ( NP-SBJ ( NP ( NNP PWA ) ( POS 's ) ) ( JJ long-term ) ( NN debt ) ( CC and ) ( NN capital ) ( NN lease ) ( NNS obligations ) ) ( VP ( VBD rose ) ( PP-DIR ( TO to ) ( NP ( NP ( NP ( QP ( CD 1.24 ) ( CD billion ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ second ) ( NN quarter ) ) ) ) ) ) ( NP ( QP ( RB nearly ) ( RB double ) ) ( DT the ) ( JJ year-earlier ) ( NN figure ) ) ) ) ( S-ADV ( VP ( VBG reflecting ) ( NP ( NP ( NN debt ) ) ( VP ( VBN absorbed ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( NNP Wardair ) ( NN purchase ) ) ) ) ) ) ) ) )

PWA 's long-term debt and capital lease obligations rose to 1.24 billion at the end of the second quarter nearly double the year-earlier figure reflecting debt absorbed under the Wardair purchase


( S ( NP-SBJ ( NNP PWA ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( ADVP ( RB also ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB announce ) ( PP-TMP ( IN by ) ( NP ( NNP Tuesday ) ) ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB take ) ( NP ( NP ( NN delivery ) ) ( PP ( IN of ) ( NP ( NP ( QP ( DT all ) ( CD 17 ) ) ( NNP Airbus ) ( CD 320-200 ) ( NN aircraft ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( ADVP-TMP ( RB previously ) ) ( VP ( VBD ordered ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

PWA said it also expects to announce by Tuesday whether it will take delivery of all 17 Airbus 320-200 aircraft it previously ordered


( S ( NP-SBJ-2 ( DT The ) ( JJ first ) ( CD five ) ( VBN leased ) ( NNS units ) ) ( VP ( VBD were ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN delivered ) ( PP-TMP ( IN in ) ( NP ( CD 1991 ) ) ) ) ) ) ) ) )

The first five leased units were to be delivered in 1991


( NP-TMP ( NNP Wednesday ) ( NNP October ) ( CD 25 ) ( CD 1989 ) )

Wednesday October 25 1989


( S ( NP-SBJ ( NP ( DT The ) ( JJ key ) ( NNP U.S. ) ( CC and ) ( JJ foreign ) ( JJ annual ) ( NN interest ) ( NNS rates ) ) ( ADVP-LOC ( IN below ) ) ) ( VP ( VP ( VBP are ) ( NP-PRD ( NP ( DT a ) ( NN guide ) ) ( PP ( TO to ) ( NP ( JJ general ) ( NNS levels ) ) ) ) ) ( CC but ) ( VP ( VBP do ) ( RB n't ) ( ADVP-TMP ( RB always ) ) ( VP ( VB represent ) ( NP ( JJ actual ) ( NNS transactions ) ) ) ) ) )

The key U.S. and foreign annual interest rates below are a guide to general levels but do n't always represent actual transactions


( NP ( NP ( NNP PRIME ) ( NNP RATE ) ) ( NP ( QP ( CD 10 ) ( CD 1\/2 ) ) ( NN % ) ) )

PRIME RATE 10 1\/2 %


( NP ( NP ( DT The ) ( NN base ) ( NN rate ) ) ( PP ( IN on ) ( NP ( JJ corporate ) ( NNS loans ) ) ) ( PP-LOC ( IN at ) ( NP ( JJ large ) ( NNP U.S. ) ( NN money ) ( NN center ) ( JJ commercial ) ( NNS banks ) ) ) )

The base rate on corporate loans at large U.S. money center commercial banks


( NP ( NP ( NNP FEDERAL ) ( NNPS FUNDS ) ) ( NP ( NP ( NP ( QP ( CD 8 ) ( CD 3\/4 ) ) ( NN % ) ) ( ADVP ( JJ high ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 11\/16 ) ) ( NN % ) ) ( ADVP ( JJ low ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 3\/4 ) ) ( NN % ) ) ( PP-TMP ( IN near ) ( NP ( VBG closing ) ( NN bid ) ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 13\/16 ) ) ( NN % ) ) ( VP ( VBD offered ) ) ) ) )

FEDERAL FUNDS 8 3\/4 % high 8 11\/16 % low 8 3\/4 % near closing bid 8 13\/16 % offered


( NP ( NP ( NNS Reserves ) ) ( VP ( VBN traded ) ( PP ( IN among ) ( NP ( JJ commercial ) ( NNS banks ) ) ) ( PP ( IN for ) ( NP ( JJ overnight ) ( NN use ) ) ) ( PP ( IN in ) ( NP ( NP ( NNS amounts ) ) ( PP ( IN of ) ( NP ( QP ( CD 1 ) ( CD million ) ( CC or ) ( JJR more ) ) ) ) ) ) ) )

Reserves traded among commercial banks for overnight use in amounts of 1 million or more


( NP ( NP ( NN Source ) ) ( NP ( NNP Fulton ) ( NNP Prebon ) ( PRN ( NP-LOC ( NNP U.S.A ) ) ) ( NNP Inc ) ) )

Source Fulton Prebon U.S.A Inc


( NP ( NP ( NNP DISCOUNT ) ( NNP RATE ) ) ( NP ( CD 7 ) ( NN % ) ) )

DISCOUNT RATE 7 %


( NP ( NP ( DT The ) ( NN charge ) ) ( PP ( IN on ) ( NP ( NP ( NNS loans ) ) ( PP ( TO to ) ( NP ( NN depository ) ( NNS institutions ) ) ) ( PP ( IN by ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Federal ) ( NNP Reserve ) ( NNP Bank ) ) ) ) ) )

The charge on loans to depository institutions by the New York Federal Reserve Bank


( NP ( NP ( NNP CALL ) ( NNP MONEY ) ) ( NP ( QP ( CD 9 ) ( CD 3\/4 ) ( NN % ) ( TO to ) ( CD 10 ) ( NN % ) ) ) )

CALL MONEY 9 3\/4 % to 10 %


( NP ( NP ( DT The ) ( NN charge ) ) ( PP ( IN on ) ( NP ( NP ( NNS loans ) ) ( PP ( TO to ) ( NP ( NNS brokers ) ) ) ( PP ( IN on ) ( NP ( NN stock ) ( NN exchange ) ( NN collateral ) ) ) ) ) )

The charge on loans to brokers on stock exchange collateral


( NP ( NP ( NP ( NNP COMMERCIAL ) ( NNP PAPER ) ) ( VP ( VBD placed ) ( ADVP-MNR ( RB directly ) ) ( PP ( IN by ) ( NP-LGS ( NNP General ) ( NNPS Motors ) ( NNP Acceptance ) ( NNP Corp. ) ) ) ) ) ( NP ( NP ( NP ( CD 8.45 ) ( NN % ) ) ( NP ( QP ( CD 30 ) ( TO to ) ( CD 44 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 8.20 ) ( NN % ) ) ( NP ( QP ( CD 45 ) ( TO to ) ( CD 67 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 8.325 ) ( NN % ) ) ( NP ( QP ( CD 68 ) ( TO to ) ( CD 89 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 8 ) ( NN % ) ) ( NP ( QP ( CD 90 ) ( TO to ) ( CD 119 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.875 ) ( NN % ) ) ( NP ( QP ( CD 120 ) ( TO to ) ( CD 149 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.75 ) ( NN % ) ) ( NP ( QP ( CD 150 ) ( TO to ) ( CD 179 ) ) ( NNS days ) ) ) ( NP ( NP ( CD 7.50 ) ( NN % ) ) ( NP ( QP ( CD 180 ) ( TO to ) ( CD 270 ) ) ( NNS days ) ) ) ) )

COMMERCIAL PAPER placed directly by General Motors Acceptance Corp. 8.45 % 30 to 44 days 8.20 % 45 to 67 days 8.325 % 68 to 89 days 8 % 90 to 119 days 7.875 % 120 to 149 days 7.75 % 150 to 179 days 7.50 % 180 to 270 days


( NP ( NP ( NP ( NNP COMMERCIAL ) ( NNP PAPER ) ) ( NP ( NP ( ADJP ( JJ High-grade ) ( JJ unsecured ) ) ( NNS notes ) ) ( VP ( VBN sold ) ( PP-MNR ( IN through ) ( NP ( NNS dealers ) ) ) ( PP ( IN by ) ( NP-LGS ( JJ major ) ( NNS corporations ) ) ) ( PP-MNR ( IN in ) ( NP ( NP ( NNS multiples ) ) ( PP ( IN of ) ( NP ( CD 1,000 ) ) ) ) ) ) ) ) ( NP ( NP ( NP ( CD 8.55 ) ( NN % ) ) ( NP ( CD 30 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.45 ) ( NN % ) ) ( NP ( CD 60 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.40 ) ( NN % ) ) ( NP ( CD 90 ) ( NNS days ) ) ) ) )

COMMERCIAL PAPER High-grade unsecured notes sold through dealers by major corporations in multiples of 1,000 8.55 % 30 days 8.45 % 60 days 8.40 % 90 days


( NP ( NP ( NP ( NNPS CERTIFICATES ) ) ( PP ( IN OF ) ( NP ( NNP DEPOSIT ) ) ) ) ( NP ( NP ( NP ( CD 8.09 ) ( NN % ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( CD 8.09 ) ( NN % ) ) ( NP ( CD two ) ( NNS months ) ) ) ( NP ( NP ( CD 8.06 ) ( NN % ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( CD 8 ) ( NN % ) ) ( NP ( CD six ) ( NNS months ) ) ) ( NP ( NP ( CD 7.94 ) ( NN % ) ) ( NP ( CD one ) ( NN year ) ) ) ) )

CERTIFICATES OF DEPOSIT 8.09 % one month 8.09 % two months 8.06 % three months 8 % six months 7.94 % one year


( NP ( NP ( JJ Average ) ) ( PP ( IN of ) ( NP ( JJ top ) ( NNS rates ) ) ) ( VP ( VBN paid ) ( PP ( IN by ) ( NP-LGS ( JJ major ) ( NNP New ) ( NNP York ) ( NNS banks ) ) ) ( PP-CLR ( IN on ) ( NP ( NP ( JJ primary ) ( JJ new ) ( NNS issues ) ) ( PP ( IN of ) ( NP ( JJ negotiable ) ( NNS C.D.s ) ) ) ) ) ( PRN ( ADVP-TMP ( RB usually ) ) ( PP ( IN on ) ( NP ( NP ( NNS amounts ) ) ( PP ( IN of ) ( NP ( QP ( CD 1 ) ( CD million ) ( CC and ) ( JJR more ) ) ) ) ) ) ) ) )

Average of top rates paid by major New York banks on primary new issues of negotiable C.D.s usually on amounts of 1 million and more


( S ( NP-SBJ ( DT The ) ( JJ minimum ) ( NN unit ) ) ( VP ( VBZ is ) ( NP-PRD ( CD 100,000 ) ) ) )

The minimum unit is 100,000


( NP ( NP ( NP ( JJ Typical ) ( NNS rates ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ secondary ) ( NN market ) ) ) ) ( NP ( NP ( NP ( CD 8.53 ) ( NN % ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( CD 8.45 ) ( NN % ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( CD 8.27 ) ( NN % ) ) ( NP ( CD six ) ( NNS months ) ) ) ) )

Typical rates in the secondary market 8.53 % one month 8.45 % three months 8.27 % six months


( NP ( NP ( NNPS BANKERS ) ( NNPS ACCEPTANCES ) ) ( NP ( NP ( NP ( CD 8.47 ) ( NN % ) ) ( NP ( CD 30 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.30 ) ( NN % ) ) ( NP ( CD 60 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.27 ) ( NN % ) ) ( NP ( CD 90 ) ( NNS days ) ) ) ( NP ( NP ( CD 8.08 ) ( NN % ) ) ( NP ( CD 120 ) ( NNS days ) ) ) ( NP ( NP ( CD 7.98 ) ( NN % ) ) ( NP ( CD 150 ) ( NNS days ) ) ) ( NP ( NP ( CD 7.90 ) ( NN % ) ) ( NP ( CD 180 ) ( NNS days ) ) ) ) )

BANKERS ACCEPTANCES 8.47 % 30 days 8.30 % 60 days 8.27 % 90 days 8.08 % 120 days 7.98 % 150 days 7.90 % 180 days


( NP ( NP ( JJ Negotiable ) ( JJ bank-backed ) ( NN business ) ( NN credit ) ( NNS instruments ) ) ( VP ( ADVP ( RB typically ) ) ( VBG financing ) ( NP ( DT an ) ( NN import ) ( NN order ) ) ) )

Negotiable bank-backed business credit instruments typically financing an import order


( NP ( NP ( NNP LONDON ) ( RB LATE ) ( NNPS EURODOLLARS ) ) ( NP ( NP ( NP ( QP ( CD 8 ) ( CD 11\/16 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 9\/16 ) ( NN % ) ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 9\/16 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 7\/16 ) ( NN % ) ) ) ( NP ( CD two ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 5\/8 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 1\/2 ) ( NN % ) ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 1\/2 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 3\/8 ) ( NN % ) ) ) ( NP ( CD four ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 7\/16 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 5\/16 ) ( NN % ) ) ) ( NP ( CD five ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 7\/16 ) ( NN % ) ( TO to ) ( CD 8 ) ( CD 5\/16 ) ( NN % ) ) ) ( NP ( CD six ) ( NNS months ) ) ) ) )

LONDON LATE EURODOLLARS 8 11\/16 % to 8 9\/16 % one month 8 9\/16 % to 8 7\/16 % two months 8 5\/8 % to 8 1\/2 % three months 8 1\/2 % to 8 3\/8 % four months 8 7\/16 % to 8 5\/16 % five months 8 7\/16 % to 8 5\/16 % six months


( NP ( NP ( NNP LONDON ) ( NNP INTERBANK ) ( NNP OFFERED ) ( NNPS RATES ) ) ( PRN ( NP ( NNP LIBOR ) ) ) ( NP ( NP ( NP ( QP ( CD 8 ) ( CD 11\/16 ) ) ( NN % ) ) ( NP ( CD one ) ( NN month ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 5\/8 ) ) ( NN % ) ) ( NP ( CD three ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 7\/16 ) ) ( NN % ) ) ( NP ( CD six ) ( NNS months ) ) ) ( NP ( NP ( QP ( CD 8 ) ( CD 3\/8 ) ) ( NN % ) ) ( NP ( CD one ) ( NN year ) ) ) ) )

LONDON INTERBANK OFFERED RATES LIBOR 8 11\/16 % one month 8 5\/8 % three months 8 7\/16 % six months 8 3\/8 % one year


( NP ( NP ( DT The ) ( NN average ) ) ( PP ( IN of ) ( NP ( NN interbank ) ( VBN offered ) ( NNS rates ) ) ) ( PP ( IN for ) ( NP ( NN dollar ) ( NNS deposits ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP London ) ( NN market ) ) ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( NP ( NNS quotations ) ) ( PP-LOC ( IN at ) ( NP ( CD five ) ( JJ major ) ( NNS banks ) ) ) ) ) ) )

The average of interbank offered rates for dollar deposits in the London market based on quotations at five major banks


( NP ( NP ( NNP FOREIGN ) ( NNP PRIME ) ( NNPS RATES ) ) ( NP ( NP ( NP ( NNP Canada ) ) ( NP ( CD 13.50 ) ( NN % ) ) ) ( NP ( NP ( NNP Germany ) ) ( NP ( CD 9 ) ( NN % ) ) ) ( NP ( NP ( NNP Japan ) ) ( NP ( CD 4.875 ) ( NN % ) ) ) ( NP ( NP ( NNP Switzerland ) ) ( NP ( CD 8.50 ) ( NN % ) ) ) ( NP ( NP ( NNP Britain ) ) ( NP ( CD 15 ) ( NN % ) ) ) ) )

FOREIGN PRIME RATES Canada 13.50 % Germany 9 % Japan 4.875 % Switzerland 8.50 % Britain 15 %


( S ( S ( NP-SBJ ( DT These ) ( NN rate ) ( NNS indications ) ) ( VP ( VBP are ) ( RB n't ) ( ADJP-PRD ( RB directly ) ( JJ comparable ) ) ) ) ( S ( NP-SBJ ( VBG lending ) ( NNS practices ) ) ( VP ( VBP vary ) ( ADVP ( RB widely ) ) ( PP-MNR ( IN by ) ( NP ( NN location ) ) ) ) ) )

These rate indications are n't directly comparable lending practices vary widely by location


( NP ( NP ( NNP TREASURY ) ( NNPS BILLS ) ) ( NP ( NP ( NNS Results ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NAC-TMP ( NNP Monday ) ( NNP October ) ( CD 23 ) ( CD 1989 ) ) ( NN auction ) ) ( PP ( IN of ) ( NP ( NP ( JJ short-term ) ( NNP U.S. ) ( NN government ) ( NNS bills ) ) ( VP ( VBN sold ) ( PP-CLR ( IN at ) ( NP ( NP ( DT a ) ( NN discount ) ) ( PP ( IN from ) ( NP ( NN face ) ( NN value ) ) ) ) ) ( PP-MNR ( IN in ) ( NP ( NP ( NNS units ) ) ( PP ( IN of ) ( NP ( QP ( CD 10,000 ) ( TO to ) ( CD 1 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ( NP ( NP ( NP ( CD 7.52 ) ( NN % ) ) ( NP ( CD 13 ) ( NNS weeks ) ) ) ( NP ( NP ( CD 7.50 ) ( NN % ) ) ( NP ( CD 26 ) ( NNS weeks ) ) ) ) )

TREASURY BILLS Results of the Monday October 23 1989 auction of short-term U.S. government bills sold at a discount from face value in units of 10,000 to 1 million 7.52 % 13 weeks 7.50 % 26 weeks


( NP ( NP ( NNP FEDERAL ) ( NNP HOME ) ( NNP LOAN ) ( NNP MORTGAGE ) ( NNP CORP ) ) ( PRN ( NP ( NNP Freddie ) ( NNP Mac ) ) ) ( NP ( NP ( VBN Posted ) ( NNS yields ) ) ( PP ( IN on ) ( NP ( JJ 30-year ) ( NN mortgage ) ( NNS commitments ) ) ) ( PP ( IN for ) ( NP ( NP ( NN delivery ) ) ( PP-TMP ( IN within ) ( NP ( CD 30 ) ( NNS days ) ) ) ) ) ) )

FEDERAL HOME LOAN MORTGAGE CORP Freddie Mac Posted yields on 30-year mortgage commitments for delivery within 30 days


( NP ( NP ( NP ( CD 9.75 ) ( NN % ) ) ( NP ( JJ standard ) ( JJ conventional ) ( JJ fixed-rate ) ( NNS mortgages ) ) ) ( NP ( NP ( CD 7.875 ) ( NN % ) ) ( NP ( ADJP ( CD 2 ) ( NN % ) ) ( ADJP ( NN rate ) ( VBD capped ) ) ( JJ one-year ) ( JJ adjustable ) ( NN rate ) ( NNS mortgages ) ) ) )

9.75 % standard conventional fixed-rate mortgages 7.875 % 2 % rate capped one-year adjustable rate mortgages


( NP ( NP ( NN Source ) ) ( NP ( NNP Telerate ) ( NNPS Systems ) ( NNP Inc ) ) )

Source Telerate Systems Inc


( NP ( NP ( NNP FEDERAL ) ( NNP NATIONAL ) ( NNP MORTGAGE ) ( NNP ASSOCIATION ) ) ( PRN ( NP ( NNP Fannie ) ( NNP Mae ) ) ) ( NP ( NP ( VBN Posted ) ( NNS yields ) ) ( PP ( IN on ) ( NP ( ADJP ( CD 30 ) ( NN year ) ) ( NN mortgage ) ( NNS commitments ) ) ) ( PP ( IN for ) ( NP ( NP ( NN delivery ) ) ( PP ( IN within ) ( NP ( CD 30 ) ( NNS days ) ) ) ) ) ( PRN ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( NN par ) ) ) ) ) ) ( NP ( NP ( NP ( CD 9.68 ) ( NN % ) ) ( NP ( JJ standard ) ( JJ conventional ) ( JJ fixed-rate ) ( NNS mortgages ) ) ) ( NP ( NP ( CD 8.70 ) ( NN % ) ) ( NP ( CD 6\/2 ) ( ADJP ( NN rate ) ( VBD capped ) ) ( JJ one-year ) ( JJ adjustable ) ( NN rate ) ( NNS mortgages ) ) ) ) )

FEDERAL NATIONAL MORTGAGE ASSOCIATION Fannie Mae Posted yields on 30 year mortgage commitments for delivery within 30 days priced at par 9.68 % standard conventional fixed-rate mortgages 8.70 % 6\/2 rate capped one-year adjustable rate mortgages


Source Telerate Systems Inc


( NP ( NP ( NNP MERRILL ) ( NNP LYNCH ) ( NNP READY ) ( NNPS ASSETS ) ( NNP TRUST ) ) ( NP ( CD 8.62 ) ( NN % ) ) )

MERRILL LYNCH READY ASSETS TRUST 8.62 %


( NP ( NP ( NP ( VBN Annualized ) ( JJ average ) ( NN rate ) ) ( PP ( IN of ) ( NP ( NN return ) ) ) ( PP ( IN after ) ( NP ( NNS expenses ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ past ) ( CD 30 ) ( NNS days ) ) ) ) ( RB not ) ( NP ( NP ( DT a ) ( NN forecast ) ) ( PP ( IN of ) ( NP ( JJ future ) ( NNS returns ) ) ) ) )

Annualized average rate of return after expenses for the past 30 days not a forecast of future returns


( S ( NP-SBJ ( NP ( NP ( NNP General ) ( NNPS Motors ) ( NNP Corp. ) ( POS 's ) ) ( JJ big ) ( NN defense ) ( CC and ) ( JJ automotive ) ( NNS electronics ) ( NN unit ) ) ( NP ( NNP GM ) ( NNP Hughes ) ( NNP Electronics ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( JJ net ) ( NN income ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 22 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ( S-ADV ( VP ( VBG reflecting ) ( NP ( NP ( VBG declining ) ( JJ military ) ( NN spending ) ) ( CC and ) ( NP ( VBG slumping ) ( NNP GM ) ( NN vehicle ) ( NN production ) ) ) ) ) ) ) ) ) )

General Motors Corp. 's big defense and automotive electronics unit GM Hughes Electronics said net income fell 22 % in the third quarter reflecting declining military spending and slumping GM vehicle production


( S ( ADVP-TMP ( RB Meanwhile ) ) ( NP-SBJ ( NP ( NN net ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NP ( NNP GM ) ( POS 's ) ) ( NN finance ) ( NN arm ) ) ( NP ( NNP General ) ( NNPS Motors ) ( NNP Acceptance ) ( NNP Corp. ) ) ) ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 3.1 ) ( NN % ) ) ) )

Meanwhile net at GM 's finance arm General Motors Acceptance Corp. fell 3.1 %


( S ( PP ( IN By ) ( NP ( NN contrast ) ) ) ( NP-SBJ ( NP ( NNP Electronic ) ( NNP Data ) ( NNPS Systems ) ( NNP Corp. ) ) ( NP ( NP ( NNP GM ) ( POS 's ) ) ( NNS data ) ( NN processing ) ( NN subsidiary ) ) ) ( VP ( VBD boosted ) ( NP ( JJ net ) ) ( NP-EXT ( CD 16 ) ( NN % ) ) ) )

By contrast Electronic Data Systems Corp. GM 's data processing subsidiary boosted net 16 %


( S ( NP-SBJ ( NNP GM ) ) ( VP ( VBD closed ) ( ADVP-CLR ( RB down ) ( NP ( CD 1.875 ) ) ) ( PP-CLR ( IN at ) ( NP ( CD 44.875 ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( NN trading ) ) ) ( NP-TMP ( NN yesterday ) ) ) )

GM closed down 1.875 at 44.875 in New York Stock Exchange trading yesterday


( S ( NP-SBJ-1 ( NP ( NNS Earnings ) ) ( PP ( IN for ) ( NP ( NNP GM ) ( JJ common ) ( NN stock ) ) ) ) ( S-ADV ( VP ( VBG reflecting ) ( NP ( NP ( DT the ) ( NN performance ) ) ( PP ( IN of ) ( NP ( NP ( NNP GM ) ( POS 's ) ) ( NN core ) ( JJ automotive ) ( NNS operations ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN disclosed ) ( NP-TMP ( DT this ) ( NN morning ) ) ) ) ) )

Earnings for GM common stock reflecting the performance of GM 's core automotive operations will be disclosed this morning


( S ( NP-SBJ ( NP ( NNP GM ) ( NNP Class ) ( NNP H ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ represents ) ( NP ( NP ( DT a ) ( NN dividend ) ( NN interest ) ) ( PP ( IN in ) ( NP ( NNP Hughes ) ( NNS earnings ) ) ) ) ) ) ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 29 ) ) ) ( ADVP ( RB up ) ( NP ( CD 25 ) ( NNS cents ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Big ) ( NNP Board ) ( JJ composite ) ( NN trading ) ) ) ) )

GM Class H which represents a dividend interest in Hughes earnings closed at 29 up 25 cents in Big Board composite trading


( S ( NP-SBJ ( NP ( NNP GM ) ( NNP Class ) ( NNP E ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ represents ) ( NP ( NP ( DT a ) ( NN dividend ) ( NN interest ) ) ( PP ( IN in ) ( NP ( NNP EDS ) ( NN profit ) ) ) ) ) ) ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 75 ) ( NNS cents ) ) ( PP-DIR ( TO to ) ( NP ( CD 52.25 ) ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP Big ) ( NNP Board ) ) ) ) )

GM Class E which represents a dividend interest in EDS profit fell 75 cents to 52.25 on the Big Board


( S ( NP-SBJ ( NP ( DT The ) ( NNS earnings ) ( NN drop ) ) ( PP-LOC ( IN at ) ( NP ( NNP GM ) ( NNP Hughes ) ( NNP Electronics ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NN sign ) ) ( PP ( IN of ) ( NP ( JJ tough ) ( NNS times ) ) ) ) ( PP-LOC ( IN at ) ( NP ( PDT both ) ( NP ( NP ( DT the ) ( NN defense ) ( NNS operations ) ) ( PP ( IN of ) ( NP ( NNP Hughes ) ( NNP Aircraft ) ( NNP Co. ) ) ) ) ( CC and ) ( NP ( NP ( NP ( NNP GM ) ( POS 's ) ) ( JJ North ) ( JJ American ) ( JJ automotive ) ( NNS operations ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBP are ) ( NP-PRD ( NP ( DT a ) ( JJ primary ) ( NN customer ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NNP Delco ) ( NNP Electronics ) ( NNP Corp. ) ( NN side ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP GM ) ( NNP Hughes ) ( NN unit ) ) ) ) ) ) ) ) ) ) ) ) ) )

The earnings drop at GM Hughes Electronics is a sign of tough times at both the defense operations of Hughes Aircraft Co. and GM 's North American automotive operations which are a primary customer for the Delco Electronics Corp. side of the GM Hughes unit


( S ( NP-SBJ ( NP ( NN Profit ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN unit ) ) ) ) ( VP ( VBD fell ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 110.6 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 37 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 142.4 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 45 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-PRP ( RB largely ) ( IN because ) ( IN of ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 24 ) ( CD million ) ) ) ( JJ one-time ) ( NN charge ) ) ( VP ( VBN associated ) ( PP-CLR ( IN with ) ( NP ( NP ( NNP Hughes ) ( POS 's ) ) ( ADJP ( RB previously ) ( VBD announced ) ) ( NN plan ) ( S ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( NN employment ) ) ( PP-EXT ( IN by ) ( NP ( QP ( IN at ) ( JJS least ) ( CD 6,000 ) ) ( NNS people ) ) ) ( PP-TMP ( IN by ) ( NP ( NN year ) ( NN end ) ) ) ) ) ) ) ) ) ) ) ) )

Profit at the unit fell to 110.6 million or 37 cents a share from 142.4 million or 45 cents a share largely because of a 24 million one-time charge associated with Hughes 's previously announced plan to reduce employment by at least 6,000 people by year end


( S ( S-ADV ( ADVP ( RB Even ) ) ( VP ( VBG excluding ) ( NP ( DT the ) ( NN charge ) ) ) ) ( ADVP ( RB however ) ) ( NP-SBJ ( NN net ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 5 ) ( NN % ) ) ) )

Even excluding the charge however net fell 5 %


( S ( S-TPC-2 ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ ( NP ( NNP GM ) ( POS 's ) ) ( ADJP ( JJ North ) ( JJ American ) ) ( NN vehicle ) ( NN production ) ) ( VP ( VP ( VBD fell ) ( NP-EXT ( CD 8.4 ) ( NN % ) ) ( PP-DIR ( IN from ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( IN ago ) ) ) ) ( SBAR-ADV ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD hurt ) ( NP ( NP ( NNP Delco ) ( NNP Electronic ) ( POS 's ) ) ( NNS earnings ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NN company ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

In addition GM 's North American vehicle production fell 8.4 % from a year ago which hurt Delco Electronic 's earnings a company spokesman said


( S ( NP-SBJ-1 ( DT That ) ( NN decline ) ) ( VP ( VBD was ) ( VP ( VBN reflected ) ( PP-CLR ( IN in ) ( NP ( NP ( NN revenue ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NNP GM ) ( NNP Hughes ) ( NN unit ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD edged ) ( ADVP-DIR ( RB down ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 2.58 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 2.63 ) ( CD billion ) ) ) ) ) ) ) ) ) ) ) ) ) )

That decline was reflected in revenue for the GM Hughes unit which edged down to 2.58 billion from 2.63 billion


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NNP GM ) ( NNP Hughes ) ( NN net ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 6.6 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 486.6 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.48 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 521 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.58 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) )

In the nine months GM Hughes net fell 6.6 % to 486.6 million or 1.48 a share from 521 million or 1.58 a share


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 3.5 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 8.47 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 8.18 ) ( CD billion ) ) ) ) ) )

Revenue rose 3.5 % to 8.47 billion from 8.18 billion


( S ( PP-LOC ( IN At ) ( NP ( NNP GMAC ) ) ) ( NP-SBJ ( NN net ) ) ( VP ( VBD dropped ) ( NP-EXT ( CD 3.1 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 234.5 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 241.9 ) ( CD million ) ) ) ) ) )

At GMAC net dropped 3.1 % to 234.5 million from 241.9 million


( S ( NP-SBJ ( DT The ) ( NN finance ) ( NN unit ) ) ( VP ( VBD attributed ) ( NP ( DT the ) ( NN decline ) ) ( PP-CLR ( TO to ) ( NP ( NP ( JJR higher ) ( VBG borrowing ) ( NNS costs ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ) )

The finance unit attributed the decline to higher borrowing costs compared with a year earlier


( S ( NP-SBJ ( NNP GMAC ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( JJ automotive ) ( NN financing ) ( CC and ) ( VBG leasing ) ( NN business ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 35 ) ( NN % ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( PP-PRP ( RB largely ) ( IN because ) ( IN of ) ( NP ( NP ( NN dealer ) ( CC and ) ( NN customer ) ( NNS incentives ) ) ( VP ( VBN used ) ( S-CLR ( VP ( TO to ) ( VP ( VB boost ) ( NP ( NNS sales ) ) ) ) ) ) ) ) ) ) ) ) )

GMAC said its automotive financing and leasing business rose 35 % in the U.S. largely because of dealer and customer incentives used to boost sales


( S ( NP-SBJ-1 ( NNP GMAC ) ( NNS profits ) ) ( VP ( VBP are ) ( VP ( VP ( VBN combined ) ( PP-CLR ( IN with ) ( NP ( NP ( NNS earnings ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN rest ) ) ( PP ( IN of ) ( NP ( NP ( NNP GM ) ( POS 's ) ) ( NNS operations ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBN attributed ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ traditional ) ( JJ common ) ( NN stock ) ) ) ) ) ) )

GMAC profits are combined with earnings from the rest of GM 's operations and attributed to the company 's traditional common stock


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ first ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NP ( NNP GMAC ) ( POS 's ) ) ( NNS earnings ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 8 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 859.5 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 930.2 ) ( CD million ) ) ) ) ) )

In the first nine months GMAC 's earnings fell 8 % to 859.5 million from 930.2 million


( S ( PP-LOC ( IN At ) ( NP ( NNP EDS ) ) ) ( NP-SBJ ( NN third-quarter ) ( NN profit ) ) ( VP ( VBD jumped ) ( NP-EXT ( CD 16 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( DT a ) ( NN record ) ( QP ( CD 110.9 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 93 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 95.9 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 79 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) )

At EDS third-quarter profit jumped 16 % to a record 110.9 million or 93 cents a share from 95.9 million or 79 cents a share


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 12 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 1.37 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 1.22 ) ( CD billion ) ) ) ) ) )

Revenue rose 12 % to 1.37 billion from 1.22 billion


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NNP EDS ) ) ( VP ( VBD earned ) ( NP ( NP ( QP ( CD 315.8 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 2.62 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( RB up ) ( NP ( CD 13 ) ( NN % ) ) ( PP ( IN from ) ( NP ( NP ( QP ( CD 280.7 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 2.30 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) )

In the nine months EDS earned 315.8 million or 2.62 a share up 13 % from 280.7 million or 2.30 a share


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 14 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 4.03 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 3.54 ) ( CD billion ) ) ) ) ) )

Revenue rose 14 % to 4.03 billion from 3.54 billion


( S ( NP-SBJ ( NP ( NN Revenue ) ) ( PP ( IN from ) ( NP ( JJ non-GM ) ( NNS accounts ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( CD 45 ) ( NN % ) ) ( PP ( IN of ) ( NP-TMP ( NP ( NNP EDS ) ( POS 's ) ) ( JJ total ) ( NN business ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJS latest ) ( CD nine ) ( NNS months ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( CD 40 ) ( NN % ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) )

Revenue from non-GM accounts was 45 % of EDS 's total business in the latest nine months compared with 40 % a year earlier


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ has ) ( VP ( VBN said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ wants ) ( S ( VP ( TO to ) ( VP ( VB boost ) ( NP ( JJ non-GM ) ( NN revenue ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( IN at ) ( JJS least ) ( CD 50 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ total ) ( NN business ) ) ) ) ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) ) ) )

The company has said it wants to boost non-GM revenue to at least 50 % of its total business by the end of 1990


( S ( NP-SBJ ( NNP Labor ) ( NNP Secretary ) ( NNP Elizabeth ) ( NNP Dole ) ) ( VP ( VBD named ) ( NP ( NP ( DT a ) ( NN mediator ) ) ( SBAR-PRP ( S ( VP ( TO to ) ( VP ( VB help ) ( S ( VP ( VB resolve ) ( NP ( NP ( DT the ) ( JJ lengthy ) ( NN labor ) ( NN dispute ) ) ( PP ( IN between ) ( NP ( NP ( DT the ) ( NNP United ) ( NNP Mine ) ( NNPS Workers ) ) ( CC and ) ( NP ( NNP Pittston ) ( NNP Co ) ) ) ) ) ) ) ) ) ) ) ) ) )

Labor Secretary Elizabeth Dole named a mediator to help resolve the lengthy labor dispute between the United Mine Workers and Pittston Co


( S ( NP-SBJ-1 ( NP ( NNP W.J. ) ( NNP Usery ) ( NNP Jr. ) ) ( NP ( NP ( NN labor ) ( NN secretary ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NNP Ford ) ( NN administration ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN named ) ( S ( VP ( TO to ) ( VP ( VB mediate ) ( NP ( NNS talks ) ( S ( VP ( TO to ) ( VP ( VB settle ) ( NP ( NP ( DT the ) ( JJ six-month ) ( NN strike ) ) ( PP ( IN by ) ( NP ( DT the ) ( NNP UMW ) ) ) ) ) ) ) ) ) ) ) ) ) )

W.J. Usery Jr. labor secretary during the Ford administration was named to mediate talks to settle the six-month strike by the UMW


( S ( NP-SBJ ( NP ( JJ Previous ) ( NNS talks ) ) ( PP ( IN between ) ( NP ( NP ( NP ( NNP Pittston ) ) ( PP ( IN of ) ( NP ( NP ( NNP Greenwich ) ) ( NP ( NNP Conn. ) ) ) ) ) ( CC and ) ( NP ( DT the ) ( NN union ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( ADJP-PRD ( JJ sporadic ) ( CC and ) ( JJ unsuccessful ) ) ) ) )

Previous talks between Pittston of Greenwich Conn. and the union have been sporadic and unsuccessful


( S ( NP-SBJ ( DT The ) ( NN union ) ) ( VP ( VBD called ) ( NP ( DT the ) ( NN strike ) ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ-1 ( NNP Pittston ) ) ( VP ( VBD refused ) ( S ( VP ( TO to ) ( VP ( VB sign ) ( NP ( NP ( DT the ) ( NNP UMW ) ( POS 's ) ) ( JJ national ) ( NN labor ) ( NN pact ) ) ) ) ) ) ) ) ) )

The union called the strike in April after Pittston refused to sign the UMW 's national labor pact


( S ( NP-SBJ ( NNP Pittston ) ) ( VP ( VBZ seeks ) ( NP ( NP ( NNS changes ) ) ( PP-LOC ( IN in ) ( NP ( NN health ) ( CC and ) ( NN pension ) ( NNS benefits ) ) ) ) ( PP ( IN among ) ( NP ( JJ other ) ( NNS things ) ) ) ) )

Pittston seeks changes in health and pension benefits among other things


( S ( S ( NP-SBJ-1 ( NP ( DT No ) ( NN schedule ) ) ( PP ( IN for ) ( NP ( JJ formal ) ( NNS talks ) ) ) ) ( VP ( VBD was ) ( VP ( VBN set ) ) ) ) ( CC but ) ( S ( NP-SBJ-2 ( NNS meetings ) ) ( VP ( VBP are ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB begin ) ( ADVP-TMP-CLR ( RB soon ) ) ) ) ) ) ) ) )

No schedule for formal talks was set but meetings are expected to begin soon


( S ( NP-SBJ ( DT An ) ( NN investment ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD offered ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( NP ( NNP Arby ) ( POS 's ) ) ( NNP Inc. ) ) ( NP ( DT the ) ( NN fast-food ) ( NN operator ) ) ) ( PP-CLR ( IN for ) ( NP ( QP ( CD 205 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) )

An investment company said it offered to acquire Arby 's Inc. the fast-food operator for 205 million


( S ( NP-SBJ-1 ( DT The ) ( NN proposal ) ) ( ADVP ( RB however ) ) ( VP ( VBD was ) ( ADVP-TMP ( RB immediately ) ) ( VP ( VBN rebuffed ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( NNP Arby ) ( POS 's ) ) ( NN parent ) ) ( NP ( NNP DWG ) ( NNP Corp ) ) ) ) ) ) )

The proposal however was immediately rebuffed by Arby 's parent DWG Corp


( SINV ( S-TPC-1 ( NP-SBJ ( NNP Arby ) ( POS 's ) ) ( VP ( VBZ is ) ( RB n't ) ( PP-PRD ( IN for ) ( NP ( NN sale ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Renee ) ( NNP Mottram ) ) ( NP ( NP ( JJ senior ) ( NN vice ) ( NN president ) ) ( PP-LOC ( IN at ) ( NP ( NNP DWG ) ) ) ) ) )

Arby 's is n't for sale said Renee Mottram senior vice president at DWG


( S ( NP-SBJ ( NP ( DT The ) ( JJ new ) ( NN suitor ) ) ( NP ( NP ( NNP Stevric ) ( NNP Equity ) ( NNP Ventures ) ( NNP Inc. ) ) ( PP ( IN of ) ( NP ( NP ( NNP Mineola ) ) ( NP ( NNP N.Y. ) ) ) ) ) ) ( VP ( VBD characterized ) ( NP ( PRP$ its ) ( NN proposal ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT the ) ( RB first ) ( ADJP ( RB truly ) ( JJ independent ) ) ( NN offer ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ does ) ( RB not ) ( VP ( VB pit ) ( NP ( CD one ) ( NN interest ) ( NN group ) ) ( PP-CLR ( IN against ) ( NP ( NP ( DT another ) ) ( PP ( IN within ) ( NP ( NP ( DT the ) ( NNP Arby ) ( POS 's ) ) ( NN franchisee ) ( NN community ) ) ) ) ) ) ) ) ) ) ) ) )

The new suitor Stevric Equity Ventures Inc. of Mineola N.Y. characterized its proposal as the first truly independent offer which does not pit one interest group against another within the Arby 's franchisee community


( S ( PP-TMP ( IN In ) ( NP ( NNP September ) ) ) ( NP-SBJ ( NP ( NNP DWG ) ) ( NP ( NP ( DT a ) ( NAC-LOC ( NNP Miami ) ( NNP Beach ) ( NNP Fla. ) ) ( VBG holding ) ( NN company ) ) ( VP ( VBN controlled ) ( PP ( IN by ) ( NP-LGS ( NN financeer ) ( NNP Victor ) ( NNP Posner ) ) ) ) ) ) ( VP ( VBD rejected ) ( NP ( NP ( DT an ) ( NN offer ) ) ( PP ( IN from ) ( NP ( NP ( DT a ) ( NN group ) ) ( PP ( IN of ) ( NP ( NP ( NNP Arby ) ( POS 's ) ) ( NNS franchisees ) ) ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NNP Arby ) ( POS 's ) ) ( PP-CLR ( IN for ) ( NP ( CD 200 ) ( CD million ) ) ) ) ) ) ) ) )

In September DWG a Miami Beach Fla. holding company controlled by financeer Victor Posner rejected an offer from a group of Arby 's franchisees to acquire Arby 's for 200 million


( S ( PP-TMP ( IN Since ) ( ADVP ( RB then ) ) ) ( NP-SBJ-1 ( NP ( DT a ) ( JJ second ) ( NN group ) ) ( PP ( IN of ) ( NP ( NNS franchisees ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN banded ) ( ADVP-CLR ( RB together ) ) ( S-PRP-CLR ( VP ( TO to ) ( VP ( VB try ) ( S ( VP ( TO to ) ( VP ( VB wrestle ) ( NP ( NP ( NN control ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN unit ) ) ) ) ( PP-CLR ( IN from ) ( NP ( NNP Mr. ) ( NNP Posner ) ) ) ) ) ) ) ) ) ) ) )

Since then a second group of franchisees has banded together to try to wrestle control of the unit from Mr. Posner


( S ( NP-SBJ ( NNP Arby ) ( POS 's ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NN marketing ) ( VBG franchising ) ( CC and ) ( NN service ) ( NN company ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( CD 2,100 ) ( NNS restaurants ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN chain ) ) ) ) ) ) ) )

Arby 's is the marketing franchising and service company for the 2,100 restaurants in the chain


( S ( NP-SBJ ( NP ( NP ( NNP Stevric ) ( POS 's ) ) ( NNS principals ) ) ( NP ( NNP Richard ) ( CC and ) ( NNP Steven ) ( NNP Buckley ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD led ) ( NP ( NP ( DT the ) ( NN acquisition ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VP ( VBD acquired ) ( NP ( DT the ) ( NP ( NNP Nathan ) ( POS 's ) ) ( NNP Famous ) ( NNP Inc. ) ( NN restaurant ) ( NN chain ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB subsequently ) ) ( VBD served ) ( PP-CLR ( IN as ) ( NP ( NP ( DT the ) ( JJ top ) ( NNS officers ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Stevric 's principals Richard and Steven Buckley said they led the acquisition group that acquired the Nathan 's Famous Inc. restaurant chain and subsequently served as the top officers of the company


( S ( NP-SBJ ( NNP Richard ) ( NNP Buckley ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NP ( NNP Stevric ) ( POS 's ) ) ( NN acquisition ) ) ( PP ( IN of ) ( NP ( NNP Arby ) ( POS 's ) ) ) ) ( VP ( MD would ) ( VP ( VB allow ) ( S ( NP-SBJ ( JJ seasoned ) ( NNS franchisers ) ( CC and ) ( NN food-service ) ( NNS operators ) ) ( PP ( IN with ) ( NP ( NP ( DT no ) ( NNS conflicts ) ) ( PP ( IN of ) ( NP ( NN interest ) ) ) ) ) ( VP ( TO to ) ( VP ( VP ( VB stabilize ) ( NP ( NN franchisee ) ( NNS relations ) ) ) ( CC and ) ( VP ( ADVP ( RB properly ) ) ( VB refocus ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS energies ) ) ( PP-CLR ( IN toward ) ( NP ( NN growth ) ) ) ) ) ) ) ) ) ) ) ) )

Richard Buckley said Stevric 's acquisition of Arby 's would allow seasoned franchisers and food-service operators with no conflicts of interest to stabilize franchisee relations and properly refocus the company 's energies toward growth


( S ( NP-SBJ ( NP ( DT The ) ( JJ recent ) ( NNS bids ) ) ( PP ( IN for ) ( NP ( NNP United ) ( CC and ) ( NNP American ) ( NNPS Airlines ) ) ) ) ( VP ( VBP have ) ( VP ( VBN led ) ( S ( NP-SBJ-1 ( NNP Congress ) ) ( VP ( TO to ) ( VP ( VB move ) ( PP-MNR ( IN with ) ( NP ( JJ supersonic ) ( NN speed ) ) ) ( S-PRP-CLR ( VP ( TO to ) ( VP ( VB protect ) ( NP ( JJ incumbent ) ( NN airline ) ( NNS managements ) ) ) ) ) ) ) ) ) ) )

The recent bids for United and American Airlines have led Congress to move with supersonic speed to protect incumbent airline managements


( S ( NP-SBJ-2 ( DT The ) ( NNP House ) ) ( VP ( VBZ is ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB vote ) ( NP-TMP ( NN today ) ) ( PP-CLR ( IN on ) ( NP ( NP ( DT an ) ( JJ anti-airline-takeover ) ( NN bill ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB block ) ( PP-TMP ( IN for ) ( NP ( QP ( IN up ) ( TO to ) ( CD 50 ) ) ( NNS days ) ) ) ( NP ( NP ( NP ( DT any ) ( NN bid ) ) ( PP ( IN for ) ( NP ( NP ( QP ( CD 15 ) ( NN % ) ( CC or ) ( JJR more ) ) ) ( PP ( IN of ) ( NP ( DT a ) ( NNP U.S. ) ( NN airline ) ) ) ) ) ) ( NP ( RB even ) ( DT a ) ( JJ straight ) ( NN cash ) ( NN purchase ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The House is scheduled to vote today on an anti-airline-takeover bill that would block for up to 50 days any bid for 15 % or more of a U.S. airline even a straight cash purchase


( S ( NP-SBJ ( NP ( NNP Transportation ) ( NNP Secretary ) ( NNP Sam ) ( NNP Skinner ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( ADVP-TMP ( RBR earlier ) ) ( VP ( VBD fueled ) ( NP ( DT the ) ( JJ anti-takeover ) ( NNS fires ) ) ( PP-MNR ( IN with ) ( NP ( NP ( PRP$ his ) ( JJ quasi-xenophobic ) ( NNS attacks ) ) ( PP ( IN on ) ( NP ( NP ( JJ foreign ) ( NN investment ) ) ( PP ( IN in ) ( NP ( NNP U.S. ) ( NNS carriers ) ) ) ) ) ) ) ) ) ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN bill ) ) ( VP ( MD would ) ( VP ( ADVP ( RB further ) ) ( VB disturb ) ( NP ( DT the ) ( JJ jittery ) ( NN capital ) ( NNS markets ) ) ) ) ) ) ) )

Transportation Secretary Sam Skinner who earlier fueled the anti-takeover fires with his quasi-xenophobic attacks on foreign investment in U.S. carriers now says the bill would further disturb the jittery capital markets


( S ( NP-SBJ ( NP ( NNP Texas ) ( NNP Rep. ) ( NNP Steve ) ( NNP Bartlett ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ has ) ( NP ( CD 40,000 ) ( NNP American ) ( NNPS Airlines ) ( NNS workers ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ his ) ( NN district ) ) ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN bill ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ good ) ( NNS politics ) ) ( CC but ) ( NP ( JJ bad ) ( NN law ) ) ) ) ) ) ) )

Texas Rep. Steve Bartlett who has 40,000 American Airlines workers in his district says the bill is good politics but bad law


( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ ironic ) ) ( SBAR-1 ( IN that ) ( S ( PP-TMP ( IN at ) ( NP ( NP ( DT a ) ( NN time ) ) ( SBAR ( WHADVP-4 ( WRB when ) ) ( S ( NP-SBJ-2 ( NP ( NNP America ) ( POS 's ) ) ( JJ partial ) ( NN airline ) ( NN deregulation ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN emulated ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS governments ) ) ( PP-LOC ( PP ( IN from ) ( NP ( NNP New ) ( NNP Zealand ) ) ) ( PP ( TO to ) ( NP ( NNP Ethiopia ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( RB so ) ( JJ many ) ) ( PP-LOC ( IN in ) ( NP ( NNP Congress ) ) ) ) ( VP ( VBP favor ) ( NP ( NP ( DT an ) ( JJ incumbent-protection ) ( NN program ) ) ( PP ( IN for ) ( NP ( NNS airlines ) ) ) ( SBAR ( WHNP-3 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( RBR more ) ( JJ appropriate ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( JJ Soviet ) ( NN airline ) ) ( NP ( NNP Aeroflot ) ) ) ) ) ) ) ) ) ) ) ) ) )

It is ironic that at a time when America 's partial airline deregulation is being emulated by governments from New Zealand to Ethiopia so many in Congress favor an incumbent-protection program for airlines that would be more appropriate for the Soviet airline Aeroflot


( S ( NP-SBJ-1 ( NNP Sun ) ( NNPS Microsystems ) ( NNP Inc. ) ) ( S-ADV ( VP ( VBG snapping ) ( ADVP ( RB back ) ) ( PP-CLR ( TO to ) ( NP ( NN profitability ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( PRP$ its ) ( JJ first ) ( JJ quarterly ) ( NN loss ) ) ( PP ( IN as ) ( NP ( DT a ) ( JJ public ) ( NN firm ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD earned ) ( NP ( NP ( QP ( CD 5.2 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD seven ) ( NNS cents ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ fiscal ) ( JJ first ) ( NN quarter ) ) ) ) ) ) ) )

Sun Microsystems Inc. snapping back to profitability after its first quarterly loss as a public firm said it earned 5.2 million or seven cents a share in the fiscal first quarter


( S ( NP-SBJ ( NP ( NNP Sun ) ) ( NP ( NP ( DT a ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NN computer ) ( NNS workstations ) ) ) ) ) ( VP ( VBD reported ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( CD 538.5 ) ( CD million ) ) ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN quarter ) ) ( VP ( VBD ended ) ( NP-TMP ( NNP Sept. ) ( CD 29 ) ) ) ) ) ( ADVP ( RB up ) ( NP ( CD 39 ) ( NN % ) ) ( PP ( IN from ) ( NP ( QP ( CD 388.5 ) ( CD million ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) )

Sun a maker of computer workstations reported sales of 538.5 million for the quarter ended Sept. 29 up 39 % from 388.5 million a year earlier


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD 1988 ) ( NN period ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD earned ) ( NP ( NP ( QP ( CD 20.6 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 26 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) )

In the 1988 period the company earned 20.6 million or 26 cents a share


( S ( NP-SBJ ( NP ( NNP Sun ) ( POS 's ) ) ( NNS results ) ) ( VP ( VBD were ) ( ADJP-PRD ( ADJP ( RB slightly ) ( JJR better ) ) ( PP ( IN than ) ( NP ( NNS expectations ) ) ) ) ) )

Sun 's results were slightly better than expectations


( S ( NP-TMP ( RBR Earlier ) ( DT this ) ( NN month ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD expected ) ( S ( VP ( TO to ) ( VP ( VB break ) ( ADVP-CLR ( RB even ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN quarter ) ) ) ( PP ( IN on ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( CD 530 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) )

Earlier this month the company said it expected to break even for the quarter on sales of 530 million


( S ( PP-LOC ( IN In ) ( NP ( DT a ) ( NN statement ) ) ) ( NP-SBJ ( NP ( NNP Scott ) ( NNP McNealy ) ) ( NP ( NP ( NNP Sun ) ( POS 's ) ) ( NN chief ) ( NN executive ) ( NN officer ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN performance ) ) ( VP ( VBD was ) ( VP ( VBN hampered ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS problems ) ) ( VP ( VBN tied ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN introduction ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ major ) ( JJ new ) ( NN family ) ) ( PP ( IN of ) ( NP ( NNS computers ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ) ) ) ) ) ) ) ) ) ) ) ) )

In a statement Scott McNealy Sun 's chief executive officer said the company 's performance was hampered by problems tied to the introduction of a major new family of computers in April


( S ( S-TPC-2 ( NP-SBJ ( NP ( CD One ) ) ( PP ( IN of ) ( NP ( DT those ) ( JJ new ) ( NNS computers ) ) ) ( VP ( VBN called ) ( S ( NP-PRD ( NNP Sparcstation ) ( CD 1 ) ) ) ) ) ( VP ( VBD accounted ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( RB nearly ) ( DT half ) ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( CD 28,000 ) ( NNS systems ) ) ( SBAR ( S ( NP-SBJ ( NNP Sun ) ) ( VP ( VBD shipped ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN quarter ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

One of those new computers called Sparcstation 1 accounted for nearly half of the 28,000 systems Sun shipped in the quarter he said


( S ( NP-SBJ ( NP ( QP ( JJR More ) ( IN than ) ( NNS two-thirds ) ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS systems ) ) ( VP ( VBN shipped ) ) ) ) ) ( ADVP-TMP ( RB meanwhile ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( NNS products ) ) ( VP ( VBN introduced ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ) ) ) ) ) )

More than two-thirds of the systems shipped meanwhile were products introduced in April


( S ( CC But ) ( NP-SBJ ( NP ( NNS problems ) ) ( PP-LOC ( IN in ) ( NP ( NP ( VBG manufacturing ) ) ( S-NOM ( VP ( VBG forecasting ) ( NP ( NN demand ) ) ) ) ( CC and ) ( S-NOM ( VP ( VBG getting ) ( NP ( DT the ) ( NNS bugs ) ) ( PP-CLR ( IN out ) ( PP ( IN of ) ( NP ( DT a ) ( JJ new ) ( NN management ) ( NN information ) ( NN system ) ) ) ) ) ) ) ) ) ( VP ( VBD made ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( ADJP-PRD ( RB extremely ) ( JJ difficult ) ) ( SBAR-1 ( IN for ) ( S ( NP-SBJ ( NNP Sun ) ) ( VP ( TO to ) ( VP ( VB meet ) ( NP ( NP ( NN demand ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( JJS newest ) ( NNS computers ) ) ) ) ) ) ) ) ( PP-TMP ( RB well ) ( IN into ) ( NP ( DT the ) ( NN summer ) ) ) ) ) )

But problems in manufacturing forecasting demand and getting the bugs out of a new management information system made it extremely difficult for Sun to meet demand for its newest computers well into the summer


( S ( NP-SBJ ( DT These ) ( NNS problems ) ) ( ADVP ( RB also ) ) ( VP ( VBD resulted ) ( PP-CLR ( IN in ) ( S-NOM ( NP-SBJ ( NNP Sun ) ) ( VP ( VBG reporting ) ( NP ( DT a ) ( ADJP ( QP ( CD 20.3 ) ( CD million ) ) ) ( NN loss ) ) ( PP-TMP ( IN for ) ( NP ( NP ( PRP$ its ) ( JJ fourth ) ( NN quarter ) ) ( VP ( VBD ended ) ( NP-TMP-CLR ( NNP June ) ( CD 30 ) ) ) ) ) ) ) ) ) )

These problems also resulted in Sun reporting a 20.3 million loss for its fourth quarter ended June 30


( S ( S ( NP-SBJ ( NNP Mr. ) ( NNP McNealy ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NNS issues ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP hurt ) ( NP ( NP ( NNP Sun ) ( POS 's ) ) ( NN performance ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ) ) ) ( VP ( VBP are ) ( ADVP-PRD ( RB now ) ) ( PP ( RB largely ) ( IN behind ) ( NP ( DT the ) ( NN firm ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD indicated ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NNP Sun ) ( POS 's ) ) ( NN profitability ) ) ( VP ( MD should ) ( VP ( VB increase ) ( PP-TMP ( IN throughout ) ( NP ( DT the ) ( JJ fiscal ) ( NN year ) ) ) ) ) ) ) ) ) )

Mr. McNealy said the issues that hurt Sun 's performance earlier this year are now largely behind the firm and he indicated that Sun 's profitability should increase throughout the fiscal year


( S ( NP-SBJ ( NNP Sun ) ) ( ADVP ( RB also ) ) ( VP ( VBD reported ) ( NP ( NP ( DT a ) ( NN record ) ( NN backlog ) ) ( PP ( IN of ) ( NP ( NNS orders ) ) ) ) ) )

Sun also reported a record backlog of orders


( S ( SBAR-ADV ( IN While ) ( S ( NP-SBJ ( DT this ) ) ( VP ( VBZ indicates ) ( NP ( NP ( VBN continued ) ( JJ strong ) ( NN demand ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ desk-top ) ( NNS computers ) ) ) ) ) ) ) ( NP-SBJ ( NNP Sun ) ) ( VP ( VBZ faces ) ( NP ( NP ( VBG increasing ) ( NN competition ) ) ( PP ( IN from ) ( NP ( NP ( NNP Digital ) ( NNP Equipment ) ( NNP Corp. ) ) ( CC and ) ( NP ( NNP Hewlett-Packard ) ( NNP Co ) ) ) ) ) ) )

While this indicates continued strong demand for the company 's desk-top computers Sun faces increasing competition from Digital Equipment Corp. and Hewlett-Packard Co


( S ( ADVP-TMP ( RB Recently ) ) ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP have ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP Sun ) ) ( ADVP ( RB also ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ vulnerable ) ( PP ( TO to ) ( NP ( NP ( NN competition ) ) ( PP ( IN from ) ( NP ( NP ( NP ( NNP International ) ( NNP Business ) ( NNPS Machines ) ( NNP Corp. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB introduce ) ( NP ( NP ( DT a ) ( NN group ) ) ( PP ( IN of ) ( NP ( NNS workstations ) ) ) ) ( NP-TMP ( RB early ) ( IN next ) ( NN year ) ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NNP Next ) ( NNP Inc ) ) ) ) ) ) ) ) ) ) ) ) )

Recently analysts have said Sun also is vulnerable to competition from International Business Machines Corp. which plans to introduce a group of workstations early next year and Next Inc


( S ( NP-SBJ ( NNP Furukawa ) ( NNP Electric ) ( NNP Co. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB increase ) ( NP ( NP ( NN production ) ) ( PP ( IN of ) ( NP ( NN computer ) ( NN memory ) ( NNS devices ) ) ) ) ( PP-MNR ( IN on ) ( NP ( DT a ) ( JJ large ) ( NN scale ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP U.S. ) ) ( CC and ) ( NP ( NNP Japan ) ) ) ) ) ) ) ) ) ) ) )

Furukawa Electric Co. said it plans to increase production of computer memory devices on a large scale in the U.S. and Japan


( S ( PP ( IN As ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN move ) ) ) ) ) ( NP-SBJ ( NP ( PRP$ its ) ( VBN affiliated ) ( NNP U.S. ) ( NN company ) ) ( NP ( NNP International ) ( NNP Components ) ( NNP Technology ) ( NNP Corp. ) ) ) ( VP ( VBD purchased ) ( NP ( NP ( DT a ) ( JJ Mexican ) ( NN plant ) ) ( VP ( ADVP-TMP ( RB formerly ) ) ( VBG belonging ) ( PP-CLR ( TO to ) ( NP ( NNP KSI ) ( NNP Disc ) ( NNP Products ) ( NNP Inc ) ) ) ) ) ) )

As part of the move its affiliated U.S. company International Components Technology Corp. purchased a Mexican plant formerly belonging to KSI Disc Products Inc


( S ( NP-SBJ-1 ( DT The ) ( NN price ) ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBN disclosed ) ) ) )

The price was n't disclosed


( S ( ADVP ( RB Together ) ( PP ( IN with ) ( NP ( NP ( CD two ) ( VBG existing ) ( NNS plants ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ( NP-SBJ ( NNP Furukawa ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB expand ) ( NP ( NP ( PRP$ its ) ( JJ current ) ( JJ local ) ( JJ monthly ) ( NN production ) ) ( PP ( IN of ) ( NP ( NN memory ) ( NNS disks ) ) ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 1.4 ) ( CD million ) ) ( NNS sheets ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 800,000 ) ) ) ) ) ) ) ) )

Together with two existing plants in the U.S. Furukawa said it will expand its current local monthly production of memory disks to 1.4 million sheets from 800,000


( S ( PP-LOC ( IN In ) ( NP ( NNP Japan ) ) ) ( NP-SBJ ( NNP Furukawa ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB raise ) ( NP ( NN production ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT a ) ( NN plant ) ) ( PP-LOC ( IN outside ) ( NP ( NNP Tokyo ) ) ) ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD 300,000 ) ( NNS sheets ) ) ( ADVP ( JJ monthly ) ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 100,000 ) ) ) ) ) ) ) ) )

In Japan Furukawa said it will raise production at a plant outside Tokyo to 300,000 sheets monthly from 100,000


( S ( NP-SBJ ( NNP Furukawa ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ( NN market ) ) ( VP ( VBZ is ) ( VP ( VBG strengthening ) ( SBAR-ADV ( RB as ) ( S ( NP-SBJ ( VBN related ) ( NN computer ) ( NN technology ) ) ( VP ( VBZ gains ) ( PP ( IN in ) ( NP ( NN sophistication ) ( CC and ) ( NN quality ) ) ) ) ) ) ) ) ) ) ) )

Furukawa said the U.S. market is strengthening as related computer technology gains in sophistication and quality


( S ( NP-SBJ-1 ( NP ( NNP William ) ( NNP C. ) ( NNP Ballard ) ( NNP Jr. ) ) ( ADJP ( NP ( CD 48 ) ( NNS years ) ) ( JJ old ) ) ) ( VP ( VBD was ) ( VP ( VBN elected ) ( S ( NP-PRD ( NP ( DT a ) ( NN director ) ) ( PP ( IN of ) ( NP ( DT this ) ( VBN distilled ) ( NNS beverages ) ( NN concern ) ) ) ) ) ( S-ADV ( VP ( VBG expanding ) ( NP ( DT the ) ( NN board ) ) ( PP-DIR ( TO to ) ( NP ( CD 11 ) ( NNS members ) ) ) ) ) ) ) )

William C. Ballard Jr. 48 years old was elected a director of this distilled beverages concern expanding the board to 11 members


( S ( NP-SBJ ( NP ( NNP PRIMERICA ) ( NNP Corp. ) ) ( NP-LOC ( NNP New ) ( NNP York ) ) ) ( VP ( VBD raised ) ( NP ( PRP$ its ) ( JJ quarterly ) ( CD 14 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD eight ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP-DIR ( IN from ) ( NP ( CD seven ) ( NNS cents ) ) ) ( S-ADV ( ADJP-PRD ( JJ payable ) ( NP-TMP ( NNP Nov. ) ( CD 24 ) ) ( PP ( TO to ) ( NP ( NP ( NN stock ) ) ( PP ( IN of ) ( NP ( NN record ) ) ) ( NP-TMP ( NNP Nov. ) ( CD 6 ) ) ) ) ) ) ) )

PRIMERICA Corp. New York raised its quarterly 14 % to eight cents a share from seven cents payable Nov. 24 to stock of record Nov. 6


( S ( NP-SBJ ( NP ( DT The ) ( JJ financial ) ( NNS services ) ( NN company ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( QP ( IN about ) ( CD 98.8 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ) ( VP ( VBD noted ) ( NP ( NP ( PRP$ its ) ( VBN continued ) ( NN confidence ) ) ( PP ( IN in ) ( NP ( NP ( DT the ) ( JJ ongoing ) ( NN strength ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS operations ) ) ) ) ) ) ) )

The financial services company which has about 98.8 million shares outstanding noted its continued confidence in the ongoing strength of the operations


( S ( NP-SBJ ( NNS Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ( NNP Chairman ) ( NNP Richard ) ( NNP Breeden ) ) ( VP ( VBD told ) ( NP ( DT a ) ( JJ congressional ) ( NN subcommittee ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( MD would ) ( VP ( VB consider ) ( S ( VP ( VBG imposing ) ( NP ( NN circuit ) ( NNS breakers ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB halt ) ( NP ( NN program ) ( NN trading ) ) ( PP-TMP ( IN at ) ( NP ( JJ volatile ) ( NNS times ) ) ) ) ) ) ) ) ) ) ) ) ) )

Securities and Exchange Commission Chairman Richard Breeden told a congressional subcommittee that he would consider imposing circuit breakers to halt program trading at volatile times


( S ( NP-SBJ ( NNP Mr. ) ( NNP Breeden ) ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ his ) ( JJ first ) ( NN testimony ) ) ( PP ( TO to ) ( NP ( NNP Congress ) ) ) ( PP-TMP ( IN since ) ( S-NOM ( VP ( VBG taking ) ( NP ( DT the ) ( NNP SEC ) ( NN post ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( VBZ is ) ( VP ( VBG studying ) ( NP ( NP ( DT the ) ( NAC-TMP ( NNP Friday ) ( DT the ) ( JJ 13th ) ) ( NN market ) ( NN plunge ) ) ( PP ( VBG including ) ( SBAR-NOM ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( JJ current ) ( NN circuit ) ( NNS breakers ) ) ( VP ( VBD affected ) ( NP ( DT the ) ( NN market ) ) ( NP-TMP ( NP ( DT that ) ( NN day ) ) ( CC and ) ( NP ( DT the ) ( VBG following ) ( NNP Monday ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Breeden in his first testimony to Congress since taking the SEC post said the agency is studying the Friday the 13th market plunge including how current circuit breakers affected the market that day and the following Monday


( S ( S-TPC-3 ( PP-TMP ( IN After ) ( NP ( DT the ) ( NN study ) ) ) ( NP-SBJ-1 ( DT the ) ( NNP SEC ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ willing ) ( S ( VP ( TO to ) ( VP ( VB consider ) ( S ( VP ( VP ( VBG adding ) ( NP ( JJ new ) ( NN circuit ) ( NNS breakers ) ) ) ( CC or ) ( VP ( VB fine-tuning ) ( NP ( DT the ) ( JJ current ) ( NNS ones ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD added ) ) )

After the study the SEC would be willing to consider adding new circuit breakers or fine-tuning the current ones he added


( S ( NP-SBJ ( NP ( NN Circuit ) ( NNS breakers ) ) ( VP ( VBN designed ) ( S ( VP ( TO to ) ( VP ( VB give ) ( NP ( DT the ) ( NNS markets ) ) ( NP ( DT a ) ( NN breather ) ) ( PP-TMP ( IN in ) ( NP ( NP ( NNS cases ) ) ( PP ( IN of ) ( NP ( JJ sharp ) ( NN price ) ( NNS movements ) ) ) ) ) ) ) ) ) ) ( VP ( NN curb ) ( NP ( NP ( NN trading ) ) ( PP ( IN of ) ( NP ( NNS futures ) ( CC or ) ( NNS stocks ) ) ) ) ( PP-LOC ( IN at ) ( NP ( JJ various ) ( NN trigger ) ( NNS points ) ) ) ) )

Circuit breakers designed to give the markets a breather in cases of sharp price movements curb trading of futures or stocks at various trigger points


( S ( PP-TMP ( IN At ) ( NP ( NP ( JJ certain ) ( NNS points ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NAC-TMP ( NNP Friday ) ( DT the ) ( JJ 13th ) ) ( NN drop ) ) ) ) ) ( NP-SBJ ( NN circuit ) ( NNS breakers ) ) ( VP ( VBD kicked ) ( PRT ( RP in ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNS futures ) ( NN market ) ) ) ( S-ADV ( VP ( VBG slowing ) ( NP ( NN trading ) ) ( PP-TMP ( IN at ) ( NP ( NNS times ) ) ) ) ) ) )

At certain points during the Friday the 13th drop circuit breakers kicked in on the futures market slowing trading at times


( S ( NP-SBJ-2 ( NP ( DT A ) ( NN circuit ) ( NN breaker ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN closed ) ( PRT ( RP down ) ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBN tripped ) ) ) )

A circuit breaker that would have closed down the New York Stock Exchange was n't tripped


( S ( NP-SBJ ( NP ( NNP Rep. ) ( NNP Edward ) ( NNP Markey ) ) ( PRN ( NP ( NNP D. ) ) ( NP-LOC ( NNP Mass. ) ) ) ( NP ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP House ) ( NNPS Telecommunications ) ( CC and ) ( NNP Finance ) ( NNP Subcommittee ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG pushing ) ( NP ( NP ( DT the ) ( NN idea ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN circuit ) ( NN breaker ) ) ( PP ( IN for ) ( NP ( JJ computer-driven ) ( NN program ) ( NN trading ) ) ) ) ) ) ( PP ( IN in ) ( NP ( NNS hopes ) ( SBAR ( S ( NP-SBJ ( WDT that ) ) ( VP ( MD would ) ( VP ( VB curb ) ( NP ( NP ( NN turmoil ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN marketplace ) ) ) ) ) ) ) ) ) ) ) ) )

Rep. Edward Markey D. Mass. chairman of the House Telecommunications and Finance Subcommittee is pushing the idea of a circuit breaker for computer-driven program trading in hopes that would curb turmoil in the marketplace


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD argued ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NN program-trading ) ) ( PP ( IN by ) ( NP ( QP ( RB roughly ) ( CD 15 ) ) ( JJ big ) ( NNS institutions ) ) ) ) ( VP ( VBZ is ) ( VP ( VP ( VBG pushing ) ( PRT ( RP around ) ) ( NP ( DT the ) ( NNS markets ) ) ) ( CC and ) ( VP ( VBG scaring ) ( NP ( JJ individual ) ( NNS investors ) ) ) ) ) ) ) ) )

He argued that program-trading by roughly 15 big institutions is pushing around the markets and scaring individual investors


( S ( NP-SBJ ( NNP Mr. ) ( NNP Breeden ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB reject ) ( NP ( DT the ) ( NN proposal ) ) ) ) )

Mr. Breeden did n't reject the proposal


( S-2 ( SBAR-TMP ( IN After ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NNP SEC ) ( NN study ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN drop ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN completed ) ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ-3 ( PRP I ) ) ( VP ( VBP 'm ) ( ADJP-PRD ( RB perfectly ) ( JJ happy ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PP ( IN with ) ( NP ( DT this ) ( NN committee ) ) ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VBG identifying ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP need ) ( NP ( NP ( JJ other ) ( NNS devices ) ) ( PP ( JJ such ) ( IN as ) ( NP ( DT a ) ( NN program-trading ) ( NN curb ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

After the SEC study of the drop is completed he said I 'm perfectly happy to work with this committee in identifying whether we need other devices such as a program-trading curb


( S ( NP-SBJ ( NNP Mr. ) ( NNP Breeden ) ) ( VP ( VBD backed ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS provisions ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ market-reform ) ( NN bill ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( DT the ) ( NNP SEC ) ) ( VP ( VBD brought ) ( PP-DTV ( TO to ) ( NP ( DT the ) ( NN subcommittee ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ( PP-LOC ( IN under ) ( NP ( NN then-chairman ) ( NNP David ) ( NNP Ruder ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Breeden backed most of the provisions in a market-reform bill that the SEC brought to the subcommittee last year under then-chairman David Ruder


( S ( NP-SBJ-1 ( DT The ) ( NN measure ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB move ) ( PP-DIR ( IN through ) ( NP ( DT this ) ( NNP Congress ) ) ) ) ) ) ) ) )

The measure is expected to move through this Congress


( S ( CC But ) ( NP-SBJ ( DT the ) ( JJ new ) ( NN chairman ) ) ( VP ( ADVP-MNR ( RB vehemently ) ) ( VBD opposed ) ( NP ( NP ( DT a ) ( NN provision ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN bill ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB give ) ( NP ( DT the ) ( NN agency ) ) ( NP ( DT the ) ( NN right ) ( S ( VP ( TO to ) ( VP ( VB close ) ( NP ( DT the ) ( NNS markets ) ) ( PP-TMP ( IN at ) ( NP ( NP ( NNS times ) ) ( PP ( IN of ) ( NP ( NN stress ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But the new chairman vehemently opposed a provision in the bill that would give the agency the right to close the markets at times of stress


( S ( NP-SBJ ( NNP Mr. ) ( NNP Breeden ) ) ( VP ( VBD contended ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NN uncertainty ) ) ( PP ( IN over ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NNP SEC ) ) ( VP ( MD might ) ( VP ( VB act ) ) ) ) ) ) ) ( VP ( MD could ) ( VP ( VB worsen ) ( NP ( NP ( NN volatility ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNS markets ) ) ) ) ) ) ) ) ) )

Mr. Breeden contended that uncertainty over when the SEC might act could worsen volatility in the markets


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD argued ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( JJ current ) ( NN circuit-breaker ) ( NN system ) ) ( VP ( VBZ allows ) ( S ( NP-SBJ ( NNS investors ) ) ( VP ( TO to ) ( VP ( VB know ) ( SBAR ( SBAR ( WHADVP-1 ( RB precisely ) ( WRB when ) ( CC and ) ( WRB where ) ) ( S ( NP-SBJ ( DT any ) ( NN trading ) ( NNS interruptions ) ) ( VP ( MD will ) ( VP ( VB occur ) ) ) ) ) ( CC and ) ( SBAR ( WHADVP-2 ( WRB how ) ( RB long ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD will ) ( VP ( VB last ) ) ) ) ) ) ) ) ) ) ) ) ) )

He argued that the current circuit-breaker system allows investors to know precisely when and where any trading interruptions will occur and how long they will last


( S ( NP-SBJ ( NNP Mr. ) ( NNP Breeden ) ) ( VP ( VBD offered ) ( NP ( NP ( JJ strong ) ( NN support ) ) ( PP ( IN for ) ( NP ( NP ( CD two ) ( JJ other ) ( NNS provisions ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN bill ) ) ) ) ) ) ) )

Mr. Breeden offered strong support for two other provisions in the bill


( S ( NP-SBJ ( CD One ) ) ( VP ( MD would ) ( VP ( VB force ) ( S ( NP-SBJ ( NN brokerage ) ( NNS houses ) ) ( VP ( TO to ) ( VP ( VB provide ) ( NP ( DT the ) ( NNP SEC ) ) ( NP ( NP ( VBN detailed ) ( NN information ) ) ( PP ( IN about ) ( NP ( NP ( NNS loans ) ) ( VP ( VBN made ) ( PP ( IN by ) ( NP-LGS ( PRP$ their ) ( NN holding ) ( NNS companies ) ) ) ) ) ) ) ) ) ) ) ) )

One would force brokerage houses to provide the SEC detailed information about loans made by their holding companies


( S ( S ( NP-SBJ-2 ( JJ Such ) ( NNS loans ) ) ( ADVP-TMP ( RB often ) ) ( VP ( VBP are ) ( VP ( VBN used ) ( S-CLR ( VP ( TO to ) ( VP ( VB finance ) ( NP ( JJ leveraged ) ( NNS buy-outs ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( DT the ) ( NN agency ) ) ( VP ( VBZ is ) ( VP ( VBN worried ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT a ) ( JJ sharp ) ( NN market ) ( NN drop ) ) ( VP ( MD could ) ( VP ( VB create ) ( NP ( NP ( NN capital ) ( NNS problems ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNS firms ) ) ) ) ) ) ) ) ) ) ) )

Such loans often are used to finance leveraged buy-outs and the agency is worried that a sharp market drop could create capital problems for the firms


( S ( NP-SBJ ( PRP He ) ) ( ADVP ( RB also ) ) ( VP ( VBD backed ) ( NP ( NP ( DT a ) ( NN rule ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB require ) ( S ( NP-SBJ ( JJ large ) ( NNS traders ) ) ( VP ( TO to ) ( VP ( VB report ) ( NP ( NNS transactions ) ) ( PP-MNR ( IN on ) ( NP ( DT a ) ( JJ systematic ) ( NN basis ) ) ) ) ) ) ) ) ) ) ) ) )

He also backed a rule to require large traders to report transactions on a systematic basis


( S-1 ( NP-SBJ ( DT That ) ( NN information ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD argued ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ critical ) ( PP ( TO to ) ( S-NOM ( VP ( VBG reconstructing ) ( NP ( NP ( JJ sharp ) ( NN market ) ( NNS moves ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( DT the ) ( CD one ) ) ( ADVP-TMP ( NP ( QP ( RB nearly ) ( CD two ) ) ( NNS weeks ) ) ( IN ago ) ) ) ) ) ) ) ) ) ) )

That information he argued is critical to reconstructing sharp market moves such as the one nearly two weeks ago


( S ( PP ( VBG Regarding ) ( NP ( NP ( PRP$ your ) ( NNP Oct. ) ( CD 4 ) ( NN page-one ) ( NN article ) ) ( NP-TTL ( NNP Bad ) ( NNP Blood ) ) ( PP ( IN on ) ( NP ( DT the ) ( JJ generic-drug ) ( NN battle ) ) ) ) ) ( NP-SBJ ( DT The ) ( NNP Epilepsy ) ( NNP Institute ) ) ( VP ( VBZ is ) ( RB not ) ( NP-PRD ( RB just ) ( DT a ) ( NN patient-advocacy ) ( NN organization ) ) ) )

Regarding your Oct. 4 page-one article Bad Blood on the generic-drug battle The Epilepsy Institute is not just a patient-advocacy organization


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ( ADVP ( RB primarily ) ) ( NP-PRD ( NP ( DT a ) ( JJ certified ) ( NN outpatient ) ( NN treatment ) ( NN facility ) ) ( VP ( VBG providing ) ( NP ( JJ comprehensive ) ( NNS services ) ) ( PP-DTV ( TO to ) ( NP ( NP ( NP ( NNS people ) ) ( PP ( IN with ) ( NP ( NN epilepsy ) ) ) ) ( CC and ) ( NP ( PRP$ their ) ( NNS families ) ) ) ) ) ) ) )

It is primarily a certified outpatient treatment facility providing comprehensive services to people with epilepsy and their families


( S ( NP-SBJ-1 ( NP ( DT The ) ( NN institute ) ( POS 's ) ) ( NN advocacy ) ( NNS efforts ) ) ( VP ( VBP are ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( NP ( DT the ) ( NNS needs ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN population ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ serves ) ( CC and ) ( VBZ represents ) ) ) ) ) ) ) ) ) ) )

The institute 's advocacy efforts are based on the needs of the population it serves and represents


( S ( PP-TMP ( IN In ) ( NP ( CD 1985 ) ) ) ( NP-SBJ ( DT the ) ( NNP Medical ) ( NNP Tribune ) ) ( VP ( VBD reported ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT a ) ( VBG growing ) ( NN number ) ) ( PP ( IN of ) ( NP ( NNS critics ) ) ) ) ( VP ( VBP are ) ( VP ( VBG challenging ) ( NP ( DT the ) ( NNP FDA ) ( JJ bioequivalence-therapeutic-equivalence ) ( NN equation ) ) ) ) ) ) ) )

In 1985 the Medical Tribune reported that a growing number of critics are challenging the FDA bioequivalence-therapeutic-equivalence equation


( S ( S-TPC-4 ( NP-SBJ ( PRP They ) ) ( VP ( VBP contend ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( NP ( DT an ) ( NN assumption ) ) ( SBAR ( WHNP-3 ( WDT that ) ) ( S ( VP ( VBZ has ) ( RB not ) ( ADVP ( RB yet ) ) ( VP ( VBN been ) ( VP ( VBN proven ) ( PP-LOC ( IN in ) ( NP ( JJ valid ) ( NNS tests ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Tribune ) ) ( VP ( VBD said ) ) )

They contend it is based on an assumption that has not yet been proven in valid tests the Tribune said


( S ( PP-TMP ( IN In ) ( NP ( CD 1986 ) ) ) ( NP-SBJ ( DT some ) ( NN institute ) ( NNS patients ) ) ( VP ( VBD were ) ( VP ( VBG reporting ) ( NP ( NN breakthrough ) ( NNS seizures ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD were ) ( VP ( VP ( VBN switched ) ( PP-CLR-3 ( IN from ) ( NP ( DT a ) ( JJ specific ) ( JJ brand-name ) ( NN medication ) ) ) ( PP-CLR-4 ( TO to ) ( NP ( DT a ) ( JJ generic ) ( CD one ) ) ) ) ( CC or ) ( VP ( PP-CLR=3 ( IN from ) ( NP ( NP ( CD one ) ( JJ generic ) ( NN manufacturer ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ specific ) ( NN product ) ) ) ) ) ( PP-CLR=4 ( TO to ) ( NP ( DT another ) ) ) ) ) ) ) ) ) ) )

In 1986 some institute patients were reporting breakthrough seizures when they were switched from a specific brand-name medication to a generic one or from one generic manufacturer of a specific product to another


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ-1 ( NNS neurologists ) ) ( VP ( VBD were ) ( VP ( VBG beginning ) ( S ( VP ( TO to ) ( VP ( VB report ) ( NP ( DT these ) ( NNS observations ) ) ( ADVP ( RB as ) ( RB well ) ) ) ) ) ) ) )

In addition neurologists were beginning to report these observations as well


( S ( VP ( VB Call ) ( S ( NP-SBJ ( PRP it ) ) ( ADJP-PRD ( JJ anecdotal ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( MD will ) ) ) ) ) )

Call it anecdotal if you will


( S ( CC But ) ( NP-SBJ-2 ( DT no ) ( JJ ethical ) ( NN physician ) ) ( VP ( MD would ) ( VP ( VB switch ) ( NP ( NP ( NNS patients ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD were ) ( VP ( VBG doing ) ( ADVP-MNR ( RB well ) ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( JJ specific ) ( NN medication ) ) ( PP ( IN from ) ( NP ( DT a ) ( JJ specific ) ( NN manufacturer ) ) ) ) ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB prove ) ( NP ( DT a ) ( NN point ) ) ) ) ) ) ) )

But no ethical physician would switch patients who were doing well on a specific medication from a specific manufacturer to prove a point


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP do ) ( RB not ) ( VP ( VB depend ) ( PP-CLR ( IN on ) ( NP ( JJ pharmaceutical ) ( NNS companies ) ) ) ( PP ( IN for ) ( NP ( PRP$ our ) ( NN support ) ) ) ) ) )

We do not depend on pharmaceutical companies for our support


( S ( NP-SBJ ( DT The ) ( NN institute ) ) ( VP ( VP ( VBZ has ) ( NP ( NP ( JJ governmental ) ( NN service ) ( NNS contracts ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN provision ) ) ( PP ( IN of ) ( NP ( JJ direct ) ( NN patient ) ( NNS services ) ) ) ) ) ) ) ( VP ( VBZ collects ) ( NP ( JJ patient ) ( NNS fees ) ) ) ( VP ( VBZ receives ) ( NP ( NN money ) ) ( PP-MNR ( IN through ) ( NP ( NP ( NNS contributions ) ) ( PP ( IN from ) ( NP ( NNS individuals ) ( NNS foundations ) ( CC and ) ( NNS bequests ) ) ) ) ) ) ) )

The institute has governmental service contracts for the provision of direct patient services collects patient fees receives money through contributions from individuals foundations and bequests


( S ( S ( NP-SBJ-1 ( NP ( DT The ) ( NNS funds ) ) ( VP ( VBN received ) ( PP-CLR ( IN from ) ( NP ( JJ pharmaceutical ) ( NNS firms ) ) ) ) ) ( VP ( VBP are ) ( VP ( VBN used ) ( S-CLR ( VP ( TO to ) ( VP ( VB offset ) ( NP ( NN physician ) ( NNS symposiums ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT these ) ( NNS symposiums ) ) ( VP ( VBP do ) ( RB not ) ( VP ( VB stress ) ( NP ( DT any ) ( JJ particular ) ( NN medication ) ( CC or ) ( NN manufacturer ) ) ) ) ) )

The funds received from pharmaceutical firms are used to offset physician symposiums and these symposiums do not stress any particular medication or manufacturer


( S ( NP-SBJ ( NP ( NP ( DT The ) ( NNP Epilepsy ) ( NNP Institute ) ( POS 's ) ) ( NN reporting ) ) ( PP ( IN of ) ( NP ( NN breakthrough ) ( NNS seizures ) ) ) ) ( VP ( VBD stemmed ) ( PP-CLR ( IN from ) ( NP ( NP ( NNS concerns ) ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( NNS people ) ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( VP ( VBP treat ) ) ( CC and ) ( VP ( VBP care ) ( PP-CLR ( IN about ) ) ) ( ADVP-TMP ( RB daily ) ) ) ) ) ) ) ) ) ) )

The Epilepsy Institute 's reporting of breakthrough seizures stemmed from concerns about the people we treat and care about daily


( S ( NP-SBJ-1 ( DT This ) ) ( ADVP ( RB perhaps ) ) ( VP ( VBD was ) ( VP ( VBN perceived ) ( PP-CLR ( IN as ) ( UCP ( NP ( DT a ) ( JJ bold ) ( NN stance ) ) ( CC and ) ( RB thus ) ( ADJP ( JJ suspicious ) ) ) ) ) ) )

This perhaps was perceived as a bold stance and thus suspicious


( S ( CC But ) ( VP ( VB let ) ( S ( NP-SBJ ( PRP us ) ) ( RB not ) ( VP ( VB confuse ) ( NP ( NP ( NNS profits ) ) ( PP ( IN of ) ( NP ( JJ big ) ( NN business ) ) ) ( VP ( VBG masquerading ) ( PP-CLR ( IN as ) ( NP ( NP ( NNS concerns ) ) ( PP ( PP ( IN for ) ( NP ( NP ( NNS people ) ( POS 's ) ) ( NN health ) ( NN care ) ) ) ( CC or ) ( PP ( IN for ) ( NP ( DT the ) ( NN cost ) ) ) ) ) ) ) ) ) ) ) )

But let us not confuse profits of big business masquerading as concerns for people 's health care or for the cost


( SBARQ ( WHPP-1 ( IN For ) ( WHNP ( WP whom ) ) ) ( SQ ( VBZ is ) ( NP-SBJ ( DT the ) ( NN saving ) ) ) )

For whom is the saving


( FRAG ( ADVP ( RB Surely ) ) ( RB not ) ( PP ( TO to ) ( NP ( NP ( NNS people ) ) ( PP ( IN with ) ( NP ( NN epilepsy ) ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP depend ) ( PP-CLR ( IN on ) ( NP ( NP ( DT the ) ( JJ same ) ( NNS levels ) ) ( PP ( IN of ) ( NP ( NN medication ) ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( NN bloodstream ) ) ) ) ) ( ADVP-TMP ( RB daily ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB maintain ) ( NP ( NN seizure ) ( NN control ) ) ) ) ) ) ) ) ) ) )

Surely not to people with epilepsy who depend on the same levels of medication in their bloodstream daily to maintain seizure control


Reina Berner


( NP ( NNP Executive ) ( NNP Director ) )

Executive Director


( NP ( NNP Arnold ) ( NNP M. ) ( NNP Katz ) )

Arnold M. Katz


( S ( NP-SBJ ( NP ( JJ SHORT ) ( NN INTEREST ) ) ( PP ( IN in ) ( NP ( NNP International ) ( NNP Mobile ) ( NNPS Machines ) ( NNP Corp. ) ) ) ) ( VP ( VBD fell ) ( PP-DIR ( TO to ) ( NP ( CD 3,102,935 ) ( NNS shares ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NN month ) ) ( VP ( VBD ended ) ( NP-TMP ( NNP Oct. ) ( CD 13 ) ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 3,420,936 ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ) ) )

SHORT INTEREST in International Mobile Machines Corp. fell to 3,102,935 shares in the month ended Oct. 13 from 3,420,936 in September


( S ( PP-PRP ( IN Because ) ( IN of ) ( NP ( NP ( DT an ) ( NN error ) ) ( PP ( IN by ) ( NP ( NP ( DT the ) ( NNP National ) ( NNP Association ) ) ( PP ( IN of ) ( NP ( NNPS Securities ) ( NNPS Dealers ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN listing ) ) ( VP ( VBD appeared ) ( ADVP-CLR ( RB incorrectly ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ main ) ( NN table ) ) ( CC and ) ( NP ( JJ several ) ( NN highlight ) ( NNS tables ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NN edition ) ) ) ) )

Because of an error by the National Association of Securities Dealers the listing appeared incorrectly in the main table and several highlight tables in yesterday 's edition


( S ( NP-SBJ ( DT The ) ( NNP Mouth ) ) ( VP ( VBZ is ) ( ADVP-PRD ( RB back ) ) ) )

The Mouth is back


( S ( NP-SBJ-2 ( NP ( NNP Morton ) ( NNP Downey ) ( NNP Jr. ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VP ( VBD self-destructed ) ( PP-MNR ( IN as ) ( NP ( DT a ) ( NN talk-show ) ( NN host ) ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB frequently ) ) ( ADVP-MNR ( RB verbally ) ) ( VBD abused ) ( NP ( PRP$ his ) ( NNS guests ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN signed ) ( S ( VP ( TO to ) ( VP ( VB co-host ) ( NP ( NP ( DT a ) ( JJ half-hour ) ( JJ nightly ) ( NN program ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NNP Consumer ) ( NNP News ) ( CC and ) ( NNP Business ) ( NNP Channel ) ) ( NP ( NP ( DT the ) ( NN cable ) ( NN channel ) ) ( VP ( ADVP ( RB partly ) ) ( VBN owned ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNP General ) ( NNP Electric ) ( NNP Co. ) ( POS 's ) ) ( NNP National ) ( NNP Broadcasting ) ( NNP Co ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Morton Downey Jr. who self-destructed as a talk-show host and frequently verbally abused his guests has been signed to co-host a half-hour nightly program on the Consumer News and Business Channel the cable channel partly owned by the General Electric Co. 's National Broadcasting Co


( S ( NP-SBJ-1 ( NP ( DT The ) ( NN premiere ) ) ( PP ( IN of ) ( NP ( NP ( NNP Showdown ) ) ( PP ( IN with ) ( NP ( NP ( NNP Mr. ) ( NNP Downey ) ) ( CC and ) ( NP ( NP ( NNP Richard ) ( NNP G. ) ( NNP Carter ) ) ( NP ( NP ( DT a ) ( NN columnist ) ) ( PP ( IN with ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Daily ) ( NNP News ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN scheduled ) ( PP-TMP-CLR ( IN for ) ( NP ( NP ( NNP Dec. ) ( CD 4 ) ) ( PP ( IN at ) ( NP ( CD 8 ) ( RB p.m ) ) ) ) ) ) ) )

The premiere of Showdown with Mr. Downey and Richard G. Carter a columnist with the New York Daily News is scheduled for Dec. 4 at 8 p.m


( S ( NP-SBJ ( NNP CNBC ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ available ) ( PP ( TO to ) ( NP ( QP ( CD 13 ) ( CD million ) ) ( NN cable ) ( NNS households ) ) ) ) ) )

CNBC is available to 13 million cable households


( S ( NP-SBJ ( NNP Mr. ) ( NNP Downey ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ is ) ( RB not ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB change ) ( NP ( NP ( PRP$ his ) ( NN style ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( S ( NP-SBJ ( DT some ) ( NNS critics ) ) ( VP ( VBD said ) ( SBAR ( S ( VP ( VBD was ) ( ADJP-PRD ( JJ flamboyant ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNS others ) ) ( VP ( VBD deemed ) ( S ( ADJP-PRD ( JJ offensive ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Downey said he is not going to change his style which some critics said was flamboyant and others deemed offensive


( S ( CC But ) ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBP 'm ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB proceed ) ( PP-MNR ( IN in ) ( NP ( DT a ) ( RBR more ) ( JJ logical ) ( NN way ) ) ) ) ) ) ) ) )

But I 'm going to proceed in a more logical way


( S ( NP-SBJ-2 ( PRP I ) ) ( VP ( VBP 'm ) ( RB not ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB do ) ( NP ( NP ( NN anything ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ is ) ( RB not ) ( ADJP-PRD ( JJ acceptable ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN anyone ) ( POS 's ) ) ( NN home ) ) ) ) ) ) ) ) ) ) ) ) )

I 'm not going to do anything that is not acceptable in anyone 's home


( S ( CC But ) ( NP-SBJ ( DT that ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB mean ) ( SBAR ( S ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBP 'm ) ( RB not ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB get ) ( ADJP-PRD ( JJ angry ) ) ) ) ) ) ) ) ) ) ) )

But that does n't mean I 'm not going to get angry


( S ( NP-SBJ ( NP ( NNP Michael ) ( NNP Eskridge ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NNP CNBC ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( EX there ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( NN studio ) ( NN audience ) ) ) ) ) ) ( NP-SBJ-1 ( NNS viewers ) ) ( VP ( MD will ) ( ADVP-TMP ( RB no ) ( RB longer ) ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB endure ) ( NP ( NP ( DT the ) ( NN shouting ) ) ( PP ( IN of ) ( FRAG ( NP ( NNP Mort ) ) ( NP ( NNP Mort ) ) ( NP ( NNP Mort ) ) ) ) ) ) ) ) ) ) ) ) ) )

Michael Eskridge president of CNBC said that although there will be a studio audience viewers will no longer have to endure the shouting of Mort Mort Mort


( SBARQ ( CC But ) ( WHADVP-2 ( RB just ) ( WRB how ) ) ( SQ ( VBZ does ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Downey ) ( POS 's ) ) ( JJ unorthodox ) ( NN style ) ) ( VP ( VB mesh ) ( PP-CLR ( IN with ) ( NP ( NP ( DT the ) ( JJ sedate ) ( NN tone ) ) ( PP ( IN of ) ( NP ( NP ( NNP CNBC ) ( POS 's ) ) ( NN business ) ( NN programming ) ) ) ) ) ) ) )

But just how does Mr. Downey 's unorthodox style mesh with the sedate tone of CNBC 's business programming


( SINV ( S-TPC-1 ( NP-SBJ ( NP ( CD Ninety ) ( NN percent ) ) ( PP ( IN of ) ( NP ( NP ( NNP Mort ) ( POS 's ) ) ( JJ old ) ( NN show ) ) ) ) ( VP ( VBZ fits ) ( PP-CLR ( IN into ) ( NP ( PRP$ our ) ( NN style ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Eskridge ) ) )

Ninety percent of Mort 's old show fits into our style said Mr. Eskridge


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ is ) ( NP-PRD ( NN consumer ) ( NNS issues ) ) ) )

That is consumer issues


( S ( NP-SBJ-1 ( NP ( NP ( NNP Mr. ) ( NNP Downey ) ( POS 's ) ) ( JJ previous ) ( NN show ) ) ( NP ( DT a ) ( JJ one-hour ) ( NN shout ) ( JJS fest ) ) ( VP ( VP ( VBN syndciated ) ( PP ( IN by ) ( NP-LGS ( NNP MCA ) ( NNP Inc. ) ) ) ) ( CC and ) ( VP ( VBN produced ) ( PP ( IN by ) ( NP-LGS ( NNP Quantum ) ( NNP Media ) ( NNP Inc. ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN canceled ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( NNS advertisers ) ( CC and ) ( NNS stations ) ) ( VP ( VBD abandoned ) ( NP ( PRP it ) ) ) ) ) ) ) )

Mr. Downey 's previous show a one-hour shout fest syndciated by MCA Inc. and produced by Quantum Media Inc. was canceled in July after advertisers and stations abandoned it


( S ( NP-SBJ ( DT The ) ( NNP National ) ( NNP Highway ) ( NNP Traffic ) ( NNP Safety ) ( NNP Administration ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( MD will ) ( VP ( VB start ) ( S ( VP ( VBG enforcing ) ( NP ( NP ( JJR stiffer ) ( NNS regulations ) ) ) ) ) ( NP-TMP-CLR ( NNP Jan. ) ( CD 31 ) ) ( PP-1 ( IN for ) ( NP ( NP ( ADJP ( JJ so-called ) ( JJ gray-market ) ) ( NNS imports ) ) ( PP ( IN of ) ( NP ( NNS vehicles ) ) ) ) ) ) ) ) ) ) )

The National Highway Traffic Safety Administration said it will start enforcing stiffer regulations Jan. 31 for so-called gray-market imports of vehicles


( S ( NP-SBJ ( NP ( DT The ) ( NNS regulations ) ) ( VP ( VBN required ) ( PP-LOC ( IN under ) ( NP ( NP ( NN legislation ) ) ( VP ( VBN enacted ) ( PP ( IN by ) ( NP-LGS ( NNP Congress ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB apply ) ( PP-CLR ( TO to ) ( NP ( NP ( NNS imports ) ) ( PP ( IN of ) ( NP ( NP ( NNS vehicles ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VP ( VBD were ) ( RB n't ) ( VP ( VBN built ) ( S-PRP-CLR ( VP ( TO to ) ( VP ( VB meet ) ( NP ( NNP U.S. ) ( NN government ) ( NN auto ) ( NN safety ) ( NNS standards ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD were ) ( VP ( VBN intended ) ( PP-CLR ( IN for ) ( NP ( NP ( NN use ) ) ( UCP-LOC ( PP ( IN in ) ( NP ( NNP Europe ) ) ) ( CC or ) ( ADVP ( RB elsewhere ) ( RB abroad ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The regulations required under legislation enacted by Congress last year will apply to imports of vehicles that were n't built to meet U.S. government auto safety standards and were intended for use in Europe or elsewhere abroad


( S ( NP-SBJ ( NNP U.S. ) ( NNS officials ) ) ( VP ( VBD estimated ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ gray-market ) ( NNS imports ) ) ( VP ( VBP total ) ( NP ( NP ( NP ( QP ( RB about ) ( CD 2,100 ) ) ( NNS units ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ( NP ( NP ( DT a ) ( JJ small ) ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( QP ( JJR more ) ( IN than ) ( CD three ) ( CD million ) ) ( NNS vehicles ) ) ( VP ( VBN exported ) ( PP-DIR ( TO to ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( NP-TMP ( DT each ) ( NN year ) ) ) ) ) ) ) ) ) ) ) )

U.S. officials estimated that gray-market imports total about 2,100 units a year a small part of the more than three million vehicles exported to the U.S. each year


( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( DT the ) ( NNP NHTSA ) ) ) ) ( NP-SBJ ( DT the ) ( JJ new ) ( NNS regulations ) ) ( VP ( MD will ) ( VP ( VB prohibit ) ( NP-4 ( NP ( NN anyone ) ) ( ADJP ( JJ other ) ( PP ( IN than ) ( NP ( NP ( NP ( DT an ) ( NN importer ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN registered ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NNP U.S. ) ( NN government ) ) ) ) ) ) ) ) ( CC or ) ( NP ( NP ( DT a ) ( NN person ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( NN contract ) ) ( PP ( IN with ) ( NP ( DT a ) ( JJ registered ) ( NN importer ) ) ) ) ) ) ) ) ) ) ) ) ( PP-CLR ( IN from ) ( S-NOM ( ADVP ( RB permanently ) ) ( VP ( VBG importing ) ( NP ( NP ( DT a ) ( NN vehicle ) ) ( SBAR ( WHNP-3 ( WDT that ) ) ( S ( VP ( VBZ does ) ( RB n't ) ( VP ( VB meet ) ( NP ( DT the ) ( NNP U.S. ) ( NN auto ) ( NN safety ) ( NNS standards ) ) ) ) ) ) ) ) ) ) ) ) )

According to the NHTSA the new regulations will prohibit anyone other than an importer that has registered with the U.S. government or a person who has a contract with a registered importer from permanently importing a vehicle that does n't meet the U.S. auto safety standards


( S ( NP-SBJ-1 ( DT The ) ( JJ registered ) ( NN importer ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN required ) ( S ( VP ( TO to ) ( VP ( VB bring ) ( NP ( JJ such ) ( NNS vehicles ) ) ( PP-CLR ( IN into ) ( NP ( NP ( NN compliance ) ) ( PP ( IN with ) ( NP ( DT the ) ( NNP U.S. ) ( NN safety ) ( NNS standards ) ) ) ) ) ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( JJ current ) ( NN situation ) ) ( SBAR ( WHPP-2 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NN anyone ) ) ( VP ( MD can ) ( VP ( VP ( VB bring ) ( PRT ( RP in ) ) ( NP ( JJ such ) ( NNS vehicles ) ) ) ( CC and ) ( VP ( VB modify ) ( NP-3 ( PRP them ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB meet ) ( NP ( DT the ) ( NNP U.S. ) ( NNS standards ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The registered importer would be required to bring such vehicles into compliance with the U.S. safety standards compared with the current situation in which anyone can bring in such vehicles and modify them to meet the U.S. standards


( S ( NP-SBJ ( NNP Congress ) ) ( VP ( VBD tightened ) ( NP ( NP ( NN auto ) ( NN safety ) ( NNS standards ) ) ( PP ( IN for ) ( NP ( JJ gray-market ) ( NNS imports ) ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( NP ( NNP U.S. ) ( NN auto ) ( NNS dealers ) ) ( PP ( VBG including ) ( NP ( JJ franchised ) ( NN foreign-car ) ( NNS dealers ) ) ) ) ( VP ( VBD complained ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP they ) ) ( ADVP ( RB often ) ) ( VP ( VBD were ) ( VP ( VBN blamed ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NP ( DT the ) ( JJ second ) ( CC and ) ( JJ third ) ( NNS buyers ) ) ( PP ( IN of ) ( NP ( JJ such ) ( NNS vehicles ) ) ) ) ( VP ( VBD found ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNS cars ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB meet ) ( NP ( NNP U.S. ) ( NN auto ) ( NN safety ) ( NNS standards ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Congress tightened auto safety standards for gray-market imports after U.S. auto dealers including franchised foreign-car dealers complained that they often were blamed when the second and third buyers of such vehicles found that the cars could n't meet U.S. auto safety standards


( S ( NP-SBJ ( NNP Detrex ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT a ) ( NN reserve ) ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBG establishing ) ( S-PRP ( VP ( TO to ) ( VP ( VB cover ) ( NP ( NP ( JJ expected ) ( NN pollution ) ( NN cleanup ) ( NNS costs ) ) ( PP-LOC ( IN at ) ( NP ( DT an ) ( NNP Ohio ) ( NN plant ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD reduced ) ( NP ( PRP$ its ) ( JJ third-quarter ) ( JJ net ) ( NN income ) ) ( PP-EXT ( IN by ) ( NP ( QP ( CD 1.9 ) ( CD million ) ) ) ) ) ) ) ) )

Detrex Corp. said a reserve it is establishing to cover expected pollution cleanup costs at an Ohio plant reduced its third-quarter net income by 1.9 million


( S ( NP-SBJ-2 ( NP ( NNP Detrex ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( JJ annual ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( RB about ) ( CD 100 ) ( CD million ) ) ) ) ) ) ) ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB say ) ( SBAR ( IN if ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB post ) ( NP ( DT a ) ( NN loss ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ) ) ) ) ) ) ) ) )

Detrex which has annual sales of about 100 million declined to say if it would post a loss in the third quarter


( S ( NP-SBJ ( DT The ) ( ADJP ( NNP Southfield ) ( JJ Mich.-based ) ) ( NN company ) ) ( VP ( VBD earned ) ( NP ( CD 774,000 ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN quarter ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) )

The Southfield Mich.-based company earned 774,000 in the quarter last year


( S ( NP-SBJ ( NNP Detrex ) ) ( VP ( VP ( VBZ is ) ( VP ( VBG setting ) ( PRT ( RP aside ) ) ( NP ( QP ( CD 3.1 ) ( CD million ) ) ) ( PP-PRP ( IN for ) ( NP ( DT the ) ( NN cleanup ) ) ) ) ) ( CC but ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN reserve ) ) ( VP ( VBD reduced ) ( NP ( PRP$ its ) ( JJ quarterly ) ( NN income ) ) ( PP-EXT ( IN by ) ( NP ( QP ( RB only ) ( CD 1.9 ) ( CD million ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NN tax ) ( NNS considerations ) ) ) ) ) ) ) ) )

Detrex is setting aside 3.1 million for the cleanup but said the reserve reduced its quarterly income by only 1.9 million because of tax considerations


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ ( DT the ) ( NN manufacturer ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD signed ) ( NP ( NP ( DT a ) ( NN consent ) ( NN decree ) ) ( PP ( IN with ) ( NP ( NNP Ohio ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB build ) ( NP ( DT a ) ( ADJP ( QP ( CD 1.4 ) ( CD million ) ) ) ( JJ pollution-control ) ( NN facility ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NNP Ashtabula ) ( NN chemical ) ( NN manufacturing ) ( NN plant ) ) ) ( PP-TMP ( IN by ) ( NP ( NNP Aug. ) ( CD 1 ) ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) ) )

In addition the manufacturer said it signed a consent decree with Ohio to build a 1.4 million pollution-control facility at the Ashtabula chemical manufacturing plant by Aug. 1 1990


( S ( NP-SBJ ( NNP Detrex ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( QP ( IN at ) ( JJS least ) ( CD 17 ) ) ( NNS companies ) ) ( VP ( VBN notified ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP Environmental ) ( NNP Protection ) ( NNP Agency ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD may ) ( VP ( VB be ) ( ADJP-PRD ( RB potentially ) ( JJ responsible ) ( PP ( IN for ) ( S-NOM ( VP ( VBG cleaning ) ( PRT ( RP up ) ) ( NP ( NP ( DT the ) ( NNP Fields ) ( NNP Brook ) ( NN watershed ) ) ( PP ( IN near ) ( NP ( NP ( NNP Detrex ) ( POS 's ) ) ( NN Ashtabula ) ( NN plant ) ) ) ) ( PP-MNR ( IN at ) ( NP ( NP ( DT a ) ( JJ total ) ( NN cost ) ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP EPA ) ) ( VP ( NNS estimates ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( CD 48 ) ( CD million ) ) ) ( NP ( NP ( DT a ) ( NN figure ) ) ( SBAR ( S ( NP-SBJ ( NNP Detrex ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS companies ) ) ( VP ( VBP dispute ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Detrex said it is one of at least 17 companies notified by the Environmental Protection Agency that they may be potentially responsible for cleaning up the Fields Brook watershed near Detrex 's Ashtabula plant at a total cost the EPA estimates at 48 million a figure Detrex said the companies dispute


( S ( NP-SBJ ( NP ( NNP Emerson ) ( NNP Electric ) ( NNP Co. ) ) ( CC and ) ( NP ( NNP Robert ) ( NNP Bosch ) ( NNP G.m.b.H. ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Federal ) ( NNP Trade ) ( NNP Commission ) ) ( VP ( VBZ has ) ( VP ( VBN requested ) ( NP ( NP ( JJ additional ) ( NN information ) ) ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( CD two ) ( NNS companies ) ) ) ( PP-1 ( IN about ) ( NP ( PRP$ their ) ( VBN announced ) ( NN intention ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NNP Vermont ) ( NNP American ) ( NNP Corp. ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NP ( CD 40 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( CC or ) ( NP ( QP ( RB about ) ( CD 440 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Emerson Electric Co. and Robert Bosch G.m.b.H. said the Federal Trade Commission has requested additional information from the two companies about their announced intention to acquire Vermont American Corp. for 40 a share or about 440 million


( S ( NP-TMP ( NN Yesterday ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ composite ) ( NN trading ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP American ) ( NNP Stock ) ( NNP Exchange ) ) ) ) ) ( NP-SBJ ( NNP Vermont ) ( NNP American ) ( NN common ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 39.75 ) ) ) ( ADVP ( RB off ) ( NP ( CD 25 ) ( NNS cents ) ) ) ) )

Yesterday in composite trading on the American Stock Exchange Vermont American common closed at 39.75 off 25 cents


( S ( S ( NP-SBJ ( NP ( DT The ) ( NNP FTC ) ( POS 's ) ) ( NN request ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB not ) ( JJ unusual ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Emerson ) ) ( VP ( MD will ) ( VP ( VB make ) ( NP ( DT a ) ( ADJP ( JJ full ) ( CC and ) ( JJ prompt ) ) ( NN response ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( DT a ) ( NN spokesman ) ) ) ) )

The FTC 's request was not unusual and Emerson will make a full and prompt response according to a spokesman