( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Briggs ) ) ( VP ( VBD told ) ( NP ( PRP him ) ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD was ) ( VP ( VBG being ) ( VP ( VBN set ) ( PRT ( RP up ) ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( NN honey ) ( NN trap ) ) ( SBAR ( WHPP-3 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-2 ( NNP Mr. ) ( NNP Noriega ) ) ( VP ( MD would ) ( VP ( VB try ) ( S ( VP ( TO to ) ( VP ( VP ( VB involve ) ( NP ( PRP him ) ) ( PP-LOC-CLR ( IN in ) ( NP ( DT an ) ( NN orgy ) ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( VB record ) ( NP ( DT the ) ( NN event ) ) ( PP-MNR ( IN with ) ( NP ( NN sound ) ( CC and ) ( NN video ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He says Mr. Briggs told him he was being set up for a honey trap in which Mr. Noriega would try to involve him in an orgy and then record the event with sound and video


( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Briggs ) ) ( PP ( IN on ) ( NP ( NN vacation ) ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG resigning ) ( NP ( NP ( PRP$ his ) ( NN position ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NNP National ) ( NNP Security ) ( NNP Council ) ) ) ) ) ) ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN reached ) ( PP-PRP ( IN for ) ( NP ( NN comment ) ) ) ) ) ) )

Mr. Briggs on vacation after resigning his position at the National Security Council could n't be reached for comment


( SINV ( SBAR-TMP ( IN As ) ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Noriega ) ( POS 's ) ) ( JJ political ) ( NNS troubles ) ) ( VP ( VBD grew ) ) ) ) ( ADVP-CLR ( RB so ) ) ( VBD did ) ( NP-SBJ ( NP ( NP ( PRP$ his ) ( NNS offers ) ) ( PP ( IN of ) ( NP ( NN assistance ) ) ) ( PP ( TO to ) ( NP ( DT the ) ( NNPS Contras ) ) ) ) ( NP ( DT an ) ( JJ apparent ) ( NN attempt ) ( S ( VP ( TO to ) ( VP ( VB curry ) ( NP ( JJR more ) ( NN favor ) ) ( PP-LOC ( IN in ) ( NP ( NNP Washington ) ) ) ) ) ) ) ) )

As Mr. Noriega 's political troubles grew so did his offers of assistance to the Contras an apparent attempt to curry more favor in Washington


( S ( PP ( IN For ) ( NP ( NN instance ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD helped ) ( VP ( VB steal ) ( NP ( DT the ) ( NNP May ) ( CD 1984 ) ( JJ Panamanian ) ( NNS elections ) ) ( PP-PRP ( IN for ) ( NP ( DT the ) ( VBG ruling ) ( NN party ) ) ) ) ) )

For instance he helped steal the May 1984 Panamanian elections for the ruling party


( S ( CC But ) ( ADVP-TMP ( NP ( RB just ) ( CD one ) ( NN month ) ) ( RB later ) ) ( NP-SBJ ( PRP he ) ) ( ADVP ( RB also ) ) ( VP ( VBD contributed ) ( NP ( CD 100,000 ) ) ( PP-DIR ( TO to ) ( NP ( DT a ) ( NNP Contra ) ( NN leader ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNS documents ) ) ( VP ( VBN released ) ( PP-PRP ( IN for ) ( NP ( NP ( NP ( NNP Oliver ) ( NNP North ) ( POS 's ) ) ( JJ criminal ) ( NN trial ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Washington ) ) ( NP ( NNP D.C ) ) ) ) ) ) ) ) ) ) ) )

But just one month later he also contributed 100,000 to a Contra leader according to documents released for Oliver North 's criminal trial in Washington D.C


( S ( ADVP ( RB Yet ) ) ( NP-SBJ ( PRP$ his ) ( JJ political ) ( NNS setbacks ) ) ( VP ( VBD mounted ) ) )

Yet his political setbacks mounted


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Noriega ) ) ( VP ( VBD was ) ( VP ( VBN accused ) ( PP-CLR ( IN of ) ( S-NOM ( VP ( VBG ordering ) ( PP-TMP ( IN in ) ( NP ( CD 1985 ) ) ) ( NP ( NP ( DT the ) ( NN beheading ) ) ( PP ( IN of ) ( NP ( NP ( NNP Hugo ) ( NNP Spadafora ) ) ( NP ( NP ( PRP$ his ) ( ADJP ( JJS most ) ( JJ outspoken ) ) ( JJ political ) ( NN opponent ) ) ( CC and ) ( NP ( NP ( DT the ) ( JJ first ) ( NN man ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( ADVP-MNR ( RB publicly ) ) ( VB finger ) ( NP ( NNP Mr. ) ( NNP Noriega ) ) ( PP ( IN on ) ( NP ( NN drug ) ( NN trafficking ) ( NNS charges ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Noriega was accused of ordering in 1985 the beheading of Hugo Spadafora his most outspoken political opponent and the first man to publicly finger Mr. Noriega on drug trafficking charges


( S ( NP-SBJ ( PRP He ) ) ( ADVP-TMP ( RB then ) ) ( VP ( VBD ousted ) ( NP ( NP ( NNP President ) ( NNP Nicholas ) ( NNP Ardito ) ( NNP Barletta ) ) ( NP ( NP ( DT a ) ( JJ former ) ( NNP World ) ( NNP Bank ) ( NN official ) ) ( PP ( IN with ) ( NP ( NP ( JJ close ) ( NNS ties ) ) ( PP ( TO to ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Barletta ) ) ( VP ( VBD tried ) ( S ( VP ( TO to ) ( VP ( VB create ) ( NP ( DT a ) ( NN commission ) ( S ( VP ( TO to ) ( VP ( VB investigate ) ( NP ( DT the ) ( NN murder ) ) ) ) ) ) ) ) ) ) ) ) ) )

He then ousted President Nicholas Ardito Barletta a former World Bank official with close ties to the U.S. after Mr. Barletta tried to create a commission to investigate the murder


( S ( CC And ) ( NP-TMP ( PDT all ) ( DT the ) ( NN while ) ) ( NP-SBJ-1 ( NP ( NNP Panama ) ( POS 's ) ) ( NN debt ) ( NNS problems ) ) ( VP ( VBD continued ) ( S ( VP ( TO to ) ( VP ( VB grow ) ) ) ) ) )

And all the while Panama 's debt problems continued to grow


( S ( NP-SBJ ( NNP Mr. ) ( NNP Noriega ) ) ( VP ( VBD was ) ( VP ( VBG growing ) ( ADJP-PRD ( JJ desperate ) ) ) ) )

Mr. Noriega was growing desperate


( S ( PP-TMP ( IN In ) ( NP ( JJ late ) ( CD 1986 ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD made ) ( NP ( NP ( DT an ) ( NN offer ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD thought ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB refuse ) ) ) ) ) ) ) ) ) ) )

In late 1986 he made an offer he thought the U.S. could n't refuse


( S ( SBAR-ADV ( IN As ) ( S ( VP ( VBN recounted ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN stipulation ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD summarized ) ( NP ( NP ( NN government ) ( NNS documents ) ) ( VP ( VBN released ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( NNP North ) ( NN trial ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Mr. ) ( NNP Noriega ) ) ( VP ( VBD offered ) ( S ( VP ( TO to ) ( VP ( VB assassinate ) ( NP ( DT the ) ( NNP Sandinista ) ( NN leadership ) ) ) ) ) ( PP ( IN in ) ( NP ( NP ( NN exchange ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( NN promise ) ( S ( VP ( TO to ) ( VP ( VB help ) ( S ( VP ( VB clean ) ( PRT ( RP up ) ) ( NP ( NP ( NNP Noriega ) ( POS 's ) ) ( NN image ) ) ) ) ) ) ) ) ( CC and ) ( NP ( DT a ) ( NN commitment ) ( S ( VP ( TO to ) ( VP ( VB lift ) ( NP ( NP ( DT the ) ( NNP U.S. ) ( NN ban ) ) ( PP ( IN on ) ( NP ( NP ( JJ military ) ( NNS sales ) ) ( PP ( TO to ) ( NP ( DT the ) ( NNP Panamanian ) ( NNP Defense ) ( NNPS Forces ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

As recounted in a stipulation that summarized government documents released for the North trial Mr. Noriega offered to assassinate the Sandinista leadership in exchange for a promise to help clean up Noriega 's image and a commitment to lift the U.S. ban on military sales to the Panamanian Defense Forces


( S-2 ( NP-SBJ ( NNP North ) ) ( S ( NP-SBJ-1 ( DT the ) ( NN document ) ) ( VP ( VBD went ) ( ADVP-CLR ( RB on ) ) ( S-ADV ( VP ( VBG referring ) ( PP-CLR ( TO to ) ( NP ( NNP Oliver ) ( NNP North ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN told ) ( NP ( NP ( NNP Noriega ) ( POS 's ) ) ( NN representative ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP U.S. ) ( NN law ) ) ( VP ( VBD forbade ) ( NP ( JJ such ) ( NNS actions ) ) ) ) ) ) ) )

North the document went on referring to Oliver North has told Noriega 's representative that U.S. law forbade such actions


( S ( NP-SBJ ( DT The ) ( NN representative ) ) ( VP ( VBD responded ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Noriega ) ) ( VP ( VP ( VBD had ) ( NP ( JJ numerous ) ( NNS assets ) ) ( PP-LOC ( IN in ) ( NP ( NN place ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Nicaragua ) ) ) ) ( CC and ) ( VP ( MD could ) ( VP ( VB accomplish ) ( NP ( JJ many ) ( JJ essential ) ( NNS things ) ) ) ) ( SBAR ( ADVP ( RB just ) ) ( IN as ) ( S ( NP-SBJ ( NNP Noriega ) ) ( VP ( VBD had ) ( VP ( VBN helped ) ( NP ( DT the ) ( NNP U.S. ) ) ( NP-TMP ( DT the ) ( JJ previous ) ( NN year ) ) ( PP ( IN in ) ( S-NOM ( VP ( VBG blowing ) ( PRT ( RP up ) ) ( NP ( DT a ) ( NNP Sandinista ) ( NN arsenal ) ) ) ) ) ) ) ) ) ) ) ) ) )

The representative responded that Noriega had numerous assets in place in Nicaragua and could accomplish many essential things just as Noriega had helped the U.S. the previous year in blowing up a Sandinista arsenal


( S ( NP-SBJ ( NNP Col. ) ( NNP North ) ) ( VP ( VBD conveyed ) ( NP ( DT the ) ( NN request ) ) ( PP-DIR ( PP ( TO to ) ( NP ( PRP$ his ) ( NNS superiors ) ) ) ( CC and ) ( PP ( TO to ) ( NP ( NP ( NAC ( NNP Assistant ) ( NNP Secretary ) ( PP ( IN of ) ( NP ( NNP State ) ) ) ) ( NNP Elliot ) ( NNP Abrams ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD relayed ) ( NP ( PRP it ) ) ( PP-DIR ( TO to ) ( NP ( NAC ( NNP Secretary ) ( PP ( IN of ) ( NP ( NNP State ) ) ) ) ( NNP George ) ( NNP Shultz ) ) ) ) ) ) ) ) ) ) )

Col. North conveyed the request to his superiors and to Assistant Secretary of State Elliot Abrams who relayed it to Secretary of State George Shultz


( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Noriega ) ( POS 's ) ) ( NN proposal ) ) ( VP ( VBD was ) ( VP ( VBN turned ) ( PRT ( IN down ) ) ) ) )

Mr. Noriega 's proposal was turned down


( S ( CC And ) ( NP-SBJ ( NNP Mr. ) ( NNP Shultz ) ) ( VP ( ADVP-MNR ( RB curtly ) ) ( VBD told ) ( NP ( NNP Mr. ) ( NNP Abrams ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( NN general ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN told ) ( SBAR ( IN that ) ( S ( NP-SBJ ( RB only ) ( PRP he ) ) ( VP ( MD could ) ( VP ( VB repair ) ( NP ( PRP$ his ) ( VBN tarnished ) ( NN image ) ) ) ) ) ) ) ) ) ) ) ) )

And Mr. Shultz curtly told Mr. Abrams that the general should be told that only he could repair his tarnished image


( S ( NP-SBJ ( NP ( DT The ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN marriage ) ) ) ) ( VP ( VBD was ) ( PP-PRD ( IN at ) ( NP ( NN hand ) ) ) ) )

The end of the marriage was at hand


( S ( PP-TMP ( IN Within ) ( NP ( NNS weeks ) ) ) ( NP-SBJ ( DT the ) ( VBG unfolding ) ( NNP Iran-Contra ) ( NN scandal ) ) ( VP ( VBD took ) ( ADVP-CLR ( RB away ) ) ( NP ( NP ( NNP Mr. ) ( NNP Noriega ) ( POS 's ) ) ( NN insurance ) ( NN policy ) ) ) )

Within weeks the unfolding Iran-Contra scandal took away Mr. Noriega 's insurance policy


( S ( NP-SBJ ( NP ( DT The ) ( NN death ) ) ( PP ( IN of ) ( NP ( NNP CIA ) ( NNP Director ) ( NP ( NNP William ) ( NNP Casey ) ) ) ) ( CC and ) ( NP ( NP ( NN resignation ) ) ( PP ( IN of ) ( NP ( NNP Oliver ) ( NNP North ) ) ) ) ) ( VP ( VBD allowed ) ( S ( NP-SBJ ( JJ anti-Noriega ) ( JJ political ) ( NNS forces ) ) ( VP ( TO to ) ( VP ( VB gain ) ( NP ( NN influence ) ) ) ) ) ) )

The death of CIA Director William Casey and resignation of Oliver North allowed anti-Noriega political forces to gain influence


( S ( NP-SBJ-1 ( NP ( JJ Public ) ( NNS protests ) ) ( PP ( IN against ) ( NP ( PRP him ) ) ) ) ( VP ( VBD were ) ( VP ( VBN triggered ) ( PP-TMP ( IN in ) ( NP ( NNP June ) ( CD 1987 ) ) ) ( PP ( JJ due ) ( TO to ) ( NP ( NP ( NNS charges ) ) ( PP ( IN by ) ( NP ( NP ( NNP Diaz ) ( NNP Herrera ) ) ( NP ( NP ( PRP$ his ) ( JJ former ) ( NN chief ) ) ( PP ( IN of ) ( NP ( NN staff ) ) ) ) ) ) ( SBAR-2 ( IN that ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Noriega ) ) ( VP ( VP ( VBD had ) ( VP ( VBN stolen ) ( NP ( DT the ) ( CD 1984 ) ( NN election ) ) ) ) ( CC and ) ( VP ( VBD had ) ( VP ( VBN ordered ) ( NP ( NP ( DT the ) ( NN killing ) ) ( PP ( IN of ) ( NP ( NNP Messrs. ) ( NNP Spadafora ) ( CC and ) ( NNP Torrijos ) ) ) ) ) ) ) ) ) ) ) ) ) )

Public protests against him were triggered in June 1987 due to charges by Diaz Herrera his former chief of staff that Mr. Noriega had stolen the 1984 election and had ordered the killing of Messrs. Spadafora and Torrijos


( S ( NP-SBJ-1 ( JJ Few ) ( JJ American ) ( NNS officials ) ) ( VP ( VBD were ) ( VP ( VBG willing ) ( ADVP-TMP ( DT any ) ( RB longer ) ) ( S ( VP ( TO to ) ( VP ( VB defend ) ( NP ( PRP him ) ) ) ) ) ) ) )

Few American officials were willing any longer to defend him


( S ( NP-SBJ-1 ( NP ( NNS Lawyers ) ) ( PP-LOC ( IN in ) ( NP ( NNP Miami ) ) ) ) ( PRN ( S ( NP-TMP ( DT this ) ( NN time ) ) ( VP ( VBG working ) ( PP-MNR ( ADVP ( RB virtually ) ) ( IN without ) ( NP ( NN impediment ) ) ) ) ) ) ( VP ( VBD prepared ) ( S ( VP ( TO to ) ( VP ( VB have ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( VBN indicted ) ( PP-CLR ( IN on ) ( NP ( NN drug ) ( NNS charges ) ) ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP February ) ( CD 1988 ) ) ) ) )

Lawyers in Miami this time working virtually without impediment prepared to have him indicted on drug charges in February 1988


( S ( PP-TMP ( IN During ) ( NP ( NP ( NNS negotiations ) ) ( PP ( IN with ) ( NP ( JJ American ) ( NNS officials ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP May ) ( CD 1988 ) ) ) ( PP ( IN over ) ( NP ( NNS proposals ) ( S ( VP ( TO to ) ( VP ( VB drop ) ( NP ( DT the ) ( NNP U.S. ) ( NNS indictments ) ) ( PP ( IN in ) ( NP ( NP ( NN exchange ) ) ( PP ( IN for ) ( NP ( PRP$ his ) ( NN resignation ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Noriega ) ) ( ADVP-TMP ( RB often ) ) ( VP ( VBD asked ) ( ADVP-MNR ( RB almost ) ( RB plaintively ) ) ( SBAR ( WHADVP-2 ( WRB how ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NNPS Americans ) ) ( SBAR ( WHNP-1 ( WP whom ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD had ) ( VP ( VBN helped ) ( PP-TMP ( IN for ) ( NP ( ADJP ( RB so ) ( JJ many ) ) ( NNS years ) ) ) ) ) ) ) ) ( VP ( MD could ) ( VP ( VB turn ) ( PP-CLR ( IN against ) ( NP ( PRP him ) ) ) ) ) ) ) ) )

During negotiations with American officials in May 1988 over proposals to drop the U.S. indictments in exchange for his resignation Mr. Noriega often asked almost plaintively how the Americans whom he had helped for so many years could turn against him


( S ( ADVP-TMP ( RB Now ) ) ( NP-SBJ ( NP ( CC neither ) ( NN side ) ) ( PRN ( NP ( NP ( DT the ) ( NNP U.S. ) ) ( CC nor ) ( NP ( NNP Mr. ) ( NNP Noriega ) ) ) ) ) ( VP ( VBZ has ) ( NP ( DT an ) ( JJ easy ) ( NN out ) ) ) )

Now neither side the U.S. nor Mr. Noriega has an easy out


( S ( NP-SBJ-1 ( NNP President ) ( NNP Bush ) ) ( VP ( VBZ has ) ( VP ( VBN sworn ) ( S ( VP ( TO to ) ( VP ( VB bring ) ( NP ( PRP him ) ) ( PP-DIR ( TO to ) ( NP ( NN justice ) ) ) ) ) ) ) ) )

President Bush has sworn to bring him to justice


( S ( NP-SBJ ( NNP Mr. ) ( NNP Noriega ) ) ( VP ( VBZ believes ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( RB n't ) ( NP ( NP ( DT any ) ( NN alternative ) ) ( CC but ) ( S ( VP ( TO to ) ( VP ( VB continue ) ( VP ( VBG clutching ) ( PP-CLR ( TO to ) ( NP ( NN power ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Noriega believes he has n't any alternative but to continue clutching to power


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ knock-out ) ( NN battle ) ) ( PRN ( RB perhaps ) ( PP ( TO to ) ( NP ( DT the ) ( NN death ) ) ) ) ) ) )

It is a knock-out battle perhaps to the death


( SQ ( PP-TMP ( IN In ) ( NP ( DT the ) ( NN end ) ) ) ( VBZ is ) ( NP-SBJ ( NNP Mr. ) ( NNP Noriega ) ) ( NP-PRD ( NP ( DT the ) ( JJ political ) ( NN equivalent ) ) ( PP ( IN of ) ( NP ( NP ( NNP Frankenstein ) ( POS 's ) ) ( NN monster ) ) ) ( VP ( VBN created ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( JJ well-intentioned ) ( CC but ) ( JJ misguided ) ( JJ foreign ) ( NN power ) ) ) ) ) )

In the end is Mr. Noriega the political equivalent of Frankenstein 's monster created by a well-intentioned but misguided foreign power


( S ( FRAG-1 ( ADVP ( RB Not ) ( RB quite ) ) ) ( NP-SBJ ( NNP Sen. ) ( NNP Leahy ) ) ( VP ( VBZ contends ) ) )

Not quite Sen. Leahy contends


( S ( PP ( IN For ) ( NP ( JJ short-term ) ( NNS gains ) ) ) ( NP-SBJ ( NNS people ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ willing ) ( S ( VP ( TO to ) ( VP ( VB put ) ( PRT ( RP up ) ) ( PP-CLR ( IN with ) ( NP ( PRP him ) ) ) ) ) ) ) ) )

For short-term gains people were willing to put up with him


( S ( S-TPC-1 ( NP-SBJ ( DT That ) ) ( VP ( VB allowed ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( TO to ) ( VP ( VB get ) ( ADJP-PRD ( JJR stronger ) ( CC and ) ( JJR stronger ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

That allowed him to get stronger and stronger he says


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBD created ) ( NP ( PRP him ) ) ( ADVP ( ADVP ( RB as ) ( RB much ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VP ( VBD fed ) ( NP ( PRP him ) ) ) ( VP ( VBD nurtured ) ( NP ( PRP him ) ) ) ( CC and ) ( VP ( VB let ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( VB grow ) ( IN up ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ big ) ( CC and ) ( JJ strong ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

I do n't think we created him as much as we fed him nurtured him and let him grow up to be big and strong


( S ( NP-SBJ-2 ( DT The ) ( NNP Chicago ) ( NNP Mercantile ) ( NNP Exchange ) ) ( VP ( VBD fined ) ( CC and ) ( VBD suspended ) ( NP ( NP ( CD two ) ( NNS commodities ) ( NNS traders ) ) ( VP ( VBN accused ) ( PP-CLR ( IN of ) ( S-NOM ( VP ( VBG making ) ( NP ( NP ( VBN prearranged ) ( NNS trades ) ) ) ( PP-CLR ( IN with ) ( NP ( DT each ) ( JJ other ) ) ) ( SBAR-1 ( WHNP-3 ( IN that ) ) ( S ( ADVP ( RB allegedly ) ) ( VP ( VBD cheated ) ( NP ( DT a ) ( NN customer ) ) ) ) ) ) ) ) ) ) ) )

The Chicago Mercantile Exchange fined and suspended two commodities traders accused of making prearranged trades with each other that allegedly cheated a customer


( S ( NP-SBJ ( NNP Merc ) ( NNS officials ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NNP Gary ) ( NNP N. ) ( NNP Roberts ) ) ( VP ( VBD was ) ( VP ( VBN disciplined ) ( PP-TMP ( VBG following ) ( NP ( NP ( NP ( DT the ) ( NN exchange ) ( POS 's ) ) ( NN investigation ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( NN trading ) ) ( PP-LOC ( IN in ) ( NP ( JJ several ) ( NNS commodities ) ( NNS pits ) ) ) ( PP-TMP ( PP ( IN from ) ( NP ( NNP July ) ) ) ( PP ( TO to ) ( NP ( NNP November ) ( CD 1988 ) ) ) ) ) ) ) ) ) ) ) ) ) )

Merc officials said Gary N. Roberts was disciplined following the exchange 's investigation of his trading in several commodities pits from July to November 1988


( S ( NP-SBJ ( DT The ) ( NNP Merc ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Roberts ) ) ( VP ( VBD withheld ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( NN market ) ) ) ( NP ( JJ certain ) ( NNS orders ) ) ( PP ( IN in ) ( NP ( NP ( NN cooperation ) ) ( PP ( IN with ) ( NP ( NP ( DT another ) ( NN trader ) ) ( NP ( NNP David ) ( NNP Stein ) ) ) ) ) ) ) ) ) ) )

The Merc said Mr. Roberts withheld from the market certain orders in cooperation with another trader David Stein


( S ( NP-SBJ ( DT The ) ( NNP Merc ) ) ( VP ( VP ( VBD fined ) ( NP ( NNP Mr. ) ( NNP Roberts ) ) ( NP ( CD 15,000 ) ) ) ( CC and ) ( VP ( VBD suspended ) ( NP ( PRP$ his ) ( NN trading ) ( NN membership ) ) ( PP-TMP ( IN for ) ( NP ( CD three ) ( NNS years ) ) ) ) ) )

The Merc fined Mr. Roberts 15,000 and suspended his trading membership for three years


( S ( ADVP ( RB Also ) ) ( NP-SBJ-1 ( NP ( PRP he ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Stein ) ) ) ( VP ( VBD were ) ( VP ( VBN ordered ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( NN restitution ) ) ( PP ( IN of ) ( NP ( CD 35,000 ) ) ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( NN customer ) ) ) ) ) ) ) ) )

Also he and Mr. Stein were ordered to make restitution of 35,000 to a customer


( S ( NP-SBJ ( NNP Mr. ) ( NNP Stein ) ) ( VP ( VBD was ) ( VP ( VP ( VBN fined ) ( NP ( CD 25,000 ) ) ) ( CC and ) ( VP ( VBN suspended ) ( PP-TMP ( IN for ) ( NP ( CD three ) ( NNS years ) ) ) ) ) ) )

Mr. Stein was fined 25,000 and suspended for three years


( S ( NP-SBJ-1 ( NNP Messrs. ) ( NNP Roberts ) ( CC and ) ( NNP Stein ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN reached ) ( PP-PRP ( IN for ) ( NP ( NN comment ) ) ) ) ) ) )

Messrs. Roberts and Stein could n't be reached for comment


( S ( NP-SBJ ( DT The ) ( NNP Merc ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( PP ( IN as ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ disciplinary ) ( NN settlement ) ) ) ) ) ( NP-SBJ ( DT neither ) ( NN man ) ) ( VP ( VBD admitted ) ( CC nor ) ( VBD denied ) ( NP ( DT the ) ( VBN alleged ) ( NNS violations ) ) ) ) ) ) )

The Merc said that as part of the disciplinary settlement neither man admitted nor denied the alleged violations


( S ( NP-SBJ ( DT Neither ) ) ( VP ( VBD was ) ( PP-LOC-PRD ( IN among ) ( NP ( NP ( DT the ) ( CD 46 ) ( NNS traders ) ) ( VP ( VBN indicted ) ( NP-TMP ( JJ last ) ( NNP August ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ federal ) ( NN investigation ) ) ( PP ( IN of ) ( NP ( NP ( NNS traders ) ) ( PP-LOC ( IN at ) ( NP ( PDT both ) ( NP ( NP ( DT the ) ( NNP Merc ) ) ( CC and ) ( NP ( NP ( DT the ) ( NNP Chicago ) ( NNP Board ) ) ( PP ( IN of ) ( NP ( NNP Trade ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Neither was among the 46 traders indicted last August in a federal investigation of traders at both the Merc and the Chicago Board of Trade


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( ADJP-PRD ( JJ sorry ) ( S ( VP ( TO to ) ( VP ( VB report ) ( SBAR ( IN that ) ( S ( PP-TMP ( IN on ) ( NP ( NNP Monday ) ) ) ( NP-SBJ ( NNP President ) ( NNP Bush ) ) ( VP ( VBD accepted ) ( NP ( NP ( DT the ) ( NN resignation ) ) ( PP ( IN of ) ( NP ( NNP William ) ( NNP Allen ) ) ) ( PP ( IN as ) ( NP ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP U.S. ) ( NNP Civil ) ( NNPS Rights ) ( NNP Commission ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

We 're sorry to report that on Monday President Bush accepted the resignation of William Allen as chairman of the U.S. Civil Rights Commission


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Allen ) ) ( VP ( VBN appointed ) ( PP ( IN by ) ( NP-LGS ( NNP President ) ( NNP Reagan ) ) ) ) ) ( VP ( VBD grew ) ( ADJP ( RB understandably ) ( JJ tired ) ( PP ( IN of ) ( S-NOM ( VP ( VBG dealing ) ( PP-CLR ( IN with ) ( NP ( NP ( DT the ) ( NN guerrilla ) ( NNS tactics ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NNS enemies ) ) ) ) ) ) ) ) ) ) )

Mr. Allen appointed by President Reagan grew understandably tired of dealing with the guerrilla tactics of his enemies


( S ( NP-SBJ ( NP ( PRP$ His ) ( JJ recent ) ( NN speech ) ) ( VP ( ADVP-MNR ( RB provocatively ) ) ( VBN titled ) ( NP-TTL ( NP ( NNS Blacks ) ) ( NP ( NNS Animals ) ) ( NP ( NNS Homosexuals ) ) ( SBARQ ( WHNP-1 ( WP What ) ) ( SQ ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( NN Minority ) ) ) ) ) ) ) ) ( VP ( VBD caused ) ( NP ( DT an ) ( NN uproar ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP$ its ) ( NN title ) ) ( VP ( VBD leaked ) ( ADVP ( IN out ) ) ) ) ) ) )

His recent speech provocatively titled Blacks Animals Homosexuals What is a Minority caused an uproar when its title leaked out


( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Allen ) ( POS 's ) ) ( NNS commissioners ) ) ( VP ( VBD voted ) ( S ( VP ( TO to ) ( VP ( VB call ) ( S ( NP-SBJ ( PRP$ his ) ( JJ unread ) ( NN speech ) ) ( ADJP-PRD ( ADJP ( JJ thoughtless ) ) ( ADJP ( JJ disgusting ) ) ( CC and ) ( ADJP ( RB unnecessarily ) ( JJ inflammatory ) ) ) ) ) ) ) ) )

Mr. Allen 's commissioners voted to call his unread speech thoughtless disgusting and unnecessarily inflammatory


( S ( NP-SBJ ( NNP Commissioner ) ( NNP Mary ) ( NNP Francis ) ( NNP Berry ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT another ) ( JJ sad ) ( NN episode ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN saga ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ unguided ) ( NN missile ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ is ) ( NP-PRD ( NN chairman ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Commissioner Mary Francis Berry said it was another sad episode in the saga of the unguided missile who is chairman


( S ( NP-SBJ ( NP ( NNP Rep. ) ( NNP Don ) ( NNP Edwards ) ) ( NP ( DT the ) ( NNP California ) ( NNP Democrat ) ) ) ( VP ( VBD warned ) ( NP ( NNP Mr. ) ( NNP Allen ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN speech ) ) ( VP ( MD would ) ( VP ( VB be ) ( PP-PRD ( IN outside ) ( NP ( NP ( DT the ) ( NN scope ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN commission ) ( POS 's ) ) ( NN jurisdiction ) ) ) ) ) ) ) ) ) ) )

Rep. Don Edwards the California Democrat warned Mr. Allen that the speech would be outside the scope of the commission 's jurisdiction


( S ( NP-SBJ ( NP ( NNP Thomas ) ( NNP Stoddard ) ) ( NP ( NP ( NN head ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Lambda ) ( NNP Legal ) ( NNP Defense ) ( NNP Fund ) ) ) ) ) ( VP ( VBD called ) ( S ( NP-SBJ ( NP ( DT the ) ( NN prospect ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN speech ) ) ) ) ( ADJP-PRD ( RB frankly ) ( JJ shocking ) ) ) ) )

Thomas Stoddard head of the Lambda Legal Defense Fund called the prospect of the speech frankly shocking


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP 've ) ( ADVP ( RB actually ) ) ( VP ( VBN read ) ( NP ( DT the ) ( NN speech ) ) ) ) )

We 've actually read the speech


( S ( NP-SBJ ( NNP Mr. ) ( NNP Allen ) ) ( VP ( VBD began ) ( NP ( PRP it ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( NN warning ) ) ( PP ( TO to ) ( NP ( NP ( PRP$ his ) ( NNS hosts ) ) ( NP ( NP ( DT a ) ( NNP California ) ( NN church ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ opposes ) ( NP ( NP ( NNS rights ) ) ( PP ( IN for ) ( NP ( NNS homosexuals ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Allen began it with a warning to his hosts a California church group that opposes rights for homosexuals


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( JJ other ) ( NNS participants ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN conference ) ) ) ) ( VP ( VBP do ) ( RB not ) ( VP ( VB believe ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NNS rights ) ) ( PP ( IN of ) ( NP ( NNPS Americans ) ) ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN guaranteed ) ( PP-DTV ( TO to ) ( NP ( NP ( NNS citizens ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBP are ) ( ADJP-PRD ( JJ homosexual ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( SBAR ( IN that ) ( S ( NP-SBJ-3 ( PRP I ) ) ( VP ( VBP mean ) ( S ( VP ( TO to ) ( VP ( VB persuade ) ( NP ( PRP you ) ) ( PP ( TO to ) ( NP ( DT the ) ( JJ opposite ) ( NN view ) ) ) ) ) ) ) ) ) ) ) )

He said that other participants in the conference do not believe that the rights of Americans should be guaranteed to citizens who are homosexual but that I mean to persuade you to the opposite view


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD recalled ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN audience ) ) ) ( NP ( NP ( DT a ) ( JJ strange ) ( JJ infelicitous ) ( NN analogy ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( ADVP-TMP ( RB once ) ) ( VP ( VBD heard ) ) ) ) ) ( S-ADV ( VP ( VBG arguing ) ( SBAR ( S ( SBAR-ADV ( ADVP-TMP ( RB now ) ) ( IN that ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP have ) ( ADVP-TMP ( RB finally ) ) ( VP ( VBN recognized ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ American ) ( NNS blacks ) ) ( VP ( VBP have ) ( NP ( NNS rights ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( PRP we ) ) ( VP ( VBP need ) ( S ( VP ( TO to ) ( VP ( VB do ) ( NP ( DT the ) ( JJ same ) ) ( PP-CLR ( IN for ) ( NP ( NNS animals ) ) ) ) ) ) ) ) ) ) ) ) )

He recalled to the audience a strange infelicitous analogy he once heard arguing now that we have finally recognized that American blacks have rights we need to do the same for animals


( S ( NP-SBJ ( NNP Mr. ) ( NNP Allen ) ) ( VP ( VBD objected ) ( PP-CLR ( TO to ) ( NP ( DT this ) ( NN analogy ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ seems ) ( S ( VP ( TO to ) ( VP ( VB assimilate ) ( NP ( NP ( DT the ) ( NN status ) ) ( PP ( IN of ) ( NP ( NNS blacks ) ) ) ) ( PP ( TO to ) ( NP ( NP ( DT that ) ) ( PP ( IN of ) ( NP ( NNS animals ) ) ) ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( JJ mere ) ( NN project ) ) ( PP ( PP ( IN of ) ( NP ( NN charity ) ) ) ( PP ( IN of ) ( NP ( NN humaneness ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Allen objected to this analogy because it seems to assimilate the status of blacks to that of animals as a mere project of charity of humaneness


( S-2 ( NP-SBJ ( NP ( NNS Rights ) ) ( PP ( IN on ) ( NP ( PDT such ) ( DT a ) ( NN basis ) ) ) ( PRN ( SBAR ( IN whether ) ( FRAG ( PP ( IN for ) ( NP ( NNS blacks ) ( CC or ) ( NNS homosexuals ) ) ) ) ) ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( JJ mere ) ( NNS indulgences ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) ) ) ( ADJP ( JJ subject ) ( PP ( TO to ) ( S-NOM ( VP ( VBG being ) ( VP ( VBN taken ) ( PRT ( RB back ) ) ) ) ) ) ) ) ) )

Rights on such a basis whether for blacks or homosexuals are mere indulgences he said subject to being taken back


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN title ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NN speech ) ) ) ) ( VP ( VBD was ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( PRP$ his ) ( NN point ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNPS Americans ) ) ( VP ( VBP have ) ( NP ( NNS rights ) ) ( PP ( PP ( IN as ) ( NP ( NNS individuals ) ) ) ( RB not ) ( PP ( IN as ) ( NP ( NP ( NNS members ) ) ( PP ( IN of ) ( NP ( JJ certain ) ( JJ select ) ( NNS groups ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He says the title of his speech was to make his point that Americans have rights as individuals not as members of certain select groups


( S ( NP-SBJ ( PRP$ His ) ( NN speech ) ) ( VP ( VBD criticized ) ( NP ( NP ( DT the ) ( NN idiocy ) ) ( PP ( IN of ) ( NP ( NP ( NNS notions ) ) ( PP ( IN of ) ( NP ( NP ( VBN protected ) ( NNS groups ) ) ( PP-LOC ( IN in ) ( NP ( NN society ) ) ) ( SBAR ( IN as ) ( S ( VP ( VBN opposed ) ( PP ( TO to ) ( UCP ( NP ( JJ individual ) ( NN equality ) ) ( CC or ) ( PRN ( SBAR ( IN as ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD put ) ( NP ( PRP it ) ) ) ) ) ) ( PP ( IN in ) ( NP ( NP ( DT a ) ( JJ common ) ( NN destiny ) ) ( PP ( IN as ) ( NP ( NNPS Americans ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

His speech criticized the idiocy of notions of protected groups in society as opposed to individual equality or as he put it in a common destiny as Americans


( S ( PP ( RB Instead ) ( IN of ) ( S-NOM ( VP ( VBG lobbying ) ( PP-CLR ( IN for ) ( NP ( JJ special ) ( NN treatment ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Allen ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NNS homosexuals ) ( CC and ) ( NNS others ) ) ( VP ( MD should ) ( VP ( VP ( VB try ) ( S ( VP ( TO to ) ( VP ( VP ( VB ensure ) ( NP ( NP ( JJ equal ) ( NN treatment ) ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( NN law ) ) ) ) ) ) ) ) ) ( CC and ) ( RB not ) ( VP ( VB aim ) ( PP-CLR ( IN for ) ( NP ( NP ( JJ special ) ( NNS privileges ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB risk ) ( NP ( NP ( JJ invidious ) ( NN retrenchment ) ) ( PP ( IN with ) ( NP ( NN government ) ( NN complicity ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Instead of lobbying for special treatment Mr. Allen said that homosexuals and others should try to ensure equal treatment under the law and not aim for special privileges that would risk invidious retrenchment with government complicity


( S ( NP-SBJ ( DT This ) ) ( ADVP ( RB hardly ) ) ( VP ( VBZ sounds ) ( PP-CLR ( IN like ) ( NP ( DT an ) ( JJ anti-homosexual ) ( NN screed ) ) ) ) )

This hardly sounds like an anti-homosexual screed


( SBARQ ( WHNP-1 ( WP What ) ) ( SQ ( VBZ 's ) ( ADVP ( RB really ) ) ( VP ( VBG going ) ( PRT ( RP on ) ) ( ADVP-LOC ( RB here ) ) ) ) )

What 's really going on here


( S ( NP-SBJ ( NP ( DT The ) ( CD three ) ( ADJP ( RBS most ) ( JJ important ) ) ( NNS things ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB understand ) ( PP ( IN about ) ( NP ( NNP Mr. ) ( NNP Allen ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ black ) ( JJ conservative ) ( NN intellectual ) ) ( NP ( NP ( DT a ) ( JJ triple ) ( NN threat ) ) ( PP ( TO to ) ( NP ( DT the ) ( JJ liberal ) ( NN establishment ) ) ) ) ) ) ) ) ) )

The three most important things to understand about Mr. Allen is that he is a black conservative intellectual a triple threat to the liberal establishment


( S ( NP-SBJ-2 ( NP ( NNP Mr. ) ( NNP Allen ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VP ( VBZ teaches ) ( NP ( NN government ) ) ( PP-LOC ( IN at ) ( NP ( NP ( JJ prestigious ) ( NNP Harvey ) ( NNP Mudd ) ( NNP College ) ) ( PP-LOC ( IN in ) ( NP ( NNP California ) ) ) ) ) ) ( CC and ) ( VP ( MD will ) ( VP ( VB remain ) ( NP-PRD ( NP ( DT a ) ( NN member ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN commission ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN spent ) ( NP ( NNS years ) ) ( S-ADV ( VP ( VBG arguing ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ civil ) ( NNS rights ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( NNS individuals ) ( POS ' ) ) ( NNS rights ) ) ) ) ) ) ) ) ) )

Mr. Allen who teaches government at prestigious Harvey Mudd College in California and will remain a member of the commission has spent years arguing that civil rights are individuals ' rights


( S ( NP-SBJ ( PRP He ) ) ( ADVP-TMP ( RB last ) ) ( VP ( VBD made ) ( NP ( NNS waves ) ) ( SBAR-TMP ( WHADVP ( WRB when ) ) ( S ( NP-SBJ-3 ( PRP he ) ) ( VP ( VBD dared ) ( S ( VP ( TO to ) ( VP ( VB defend ) ( NP ( NP ( DT an ) ( JJ Indian ) ( NN girl ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN adopted ) ( PP ( IN by ) ( NP-LGS ( JJ non-Indian ) ( NNS parents ) ) ) ( PP ( IN off ) ( NP ( PRP$ her ) ( NN reservation ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He last made waves when he dared to defend an Indian girl who had been adopted by non-Indian parents off her reservation


( S ( NP-SBJ ( NNP Mr. ) ( NNP Allen ) ) ( VP ( ADVP-MNR ( RB quickly ) ) ( VBD ran ) ( ADVP-CLR ( RB up ) ( PP ( IN against ) ( NP ( NP ( DT the ) ( JJ liberal ) ( NN establishment ) ) ) ) ) ( ADVP ( RB again ) ) ( SBAR-1 ( WHNP-3 ( WDT which ) ) ( S ( ADVP ( RB somehow ) ) ( VP ( VBD elevated ) ( NP ( NP ( DT the ) ( JJ vague ) ( NN concept ) ) ( PP ( IN of ) ( NP ( NNP Indian ) ( NNS rights ) ) ) ) ( PP-CLR ( IN above ) ( NP ( NP ( DT the ) ( NNS rights ) ) ( PP ( IN of ) ( NP ( JJ individual ) ( NNPS Indians ) ) ) ) ) ) ) ) ) )

Mr. Allen quickly ran up against the liberal establishment again which somehow elevated the vague concept of Indian rights above the rights of individual Indians


( S ( NP-SBJ ( EX There ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ huge ) ( NN divide ) ) ( PP-LOC ( IN between ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Allen ) ( POS 's ) ) ( JJ we're-all-in-this-together ) ( NN view ) ) ( CC and ) ( NP ( NP ( DT the ) ( JJ divisive ) ( NN litigation ) ( NN approach ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ civil ) ( NNS rights ) ( NNS groups ) ) ) ) ) ) ) ) )

There is a huge divide between Mr. Allen 's we're-all-in-this-together view and the divisive litigation approach of the civil rights groups


( S ( ADVP ( RB Indeed ) ) ( NP-SBJ ( DT the ) ( NN gap ) ) ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( RB so ) ( JJ large ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Allen ) ( POS 's ) ) ( NNS critics ) ) ( VP ( VBP refuse ) ( S ( VP ( TO to ) ( VP ( VB engage ) ( NP ( DT the ) ( NN debate ) ) ) ) ) ) ) ) ) ) )

Indeed the gap is so large that Mr. Allen 's critics refuse to engage the debate


( S ( NP-SBJ ( NP ( PRP$ Their ) ( NN ridicule ) ) ( PP ( IN of ) ( NP ( PRP him ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT no ) ( NN substitute ) ) ( PP ( IN for ) ( NP ( NN argument ) ) ) ) ) )

Their ridicule of him is no substitute for argument


( S ( NP-SBJ ( PRP$ Their ) ( NN effort ) ( S ( VP ( TO to ) ( VP ( VB run ) ( NP ( PRP him ) ) ( ADVP-CLR ( IN out ) ( PP ( IN of ) ( NP ( NNP Washington ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT an ) ( NN embarrassment ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( JJ original ) ( NN purpose ) ) ( PP ( IN of ) ( NP ( PRP$ their ) ( JJ own ) ( NN movement ) ) ) ) ) ) ) )

Their effort to run him out of Washington is an embarrassment to the original purpose of their own movement


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP hope ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( JJ next ) ( NN head ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Civil ) ( NNPS Rights ) ( NNP Commission ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( RB as ) ( JJ brave ) ( PP ( IN as ) ( NP ( NNP Mr. ) ( NNP Allen ) ) ) ) ( PP ( IN in ) ( S-NOM ( VP ( VBG making ) ( NP ( NP ( DT the ) ( NN case ) ) ( PP ( IN for ) ( NP ( NP ( NN equality ) ) ( PP ( IN of ) ( NP ( JJ civil ) ( NNS rights ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

We hope the next head of the Civil Rights Commission will be as brave as Mr. Allen in making the case for equality of civil rights


( S ( NP-SBJ ( DT The ) ( JJ average ) ( NN interest ) ( NN rate ) ) ( VP ( VBD fell ) ( PP-DIR ( TO to ) ( NP ( CD 8.292 ) ( NN % ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Citicorp ) ( POS 's ) ) ( NP ( NP ( NP ( ADJP ( QP ( CD 50 ) ( CD million ) ) ) ( JJ weekly ) ( NN auction ) ) ( PP ( IN of ) ( NP ( JJ 91-day ) ( JJ commercial ) ( NN paper ) ) ) ) ( CC or ) ( NP ( JJ corporate ) ( NNS IOUs ) ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 8.483 ) ( NN % ) ) ( PP-LOC ( IN at ) ( NP ( NP ( JJ last ) ( NN week ) ( POS 's ) ) ( NN sale ) ) ) ) ) )

The average interest rate fell to 8.292 % at Citicorp 's 50 million weekly auction of 91-day commercial paper or corporate IOUs from 8.483 % at last week 's sale


( S ( S ( NP-SBJ-1 ( NP ( NNS Bids ) ) ( VP ( VBG totaling ) ( NP ( QP ( CD 465 ) ( CD million ) ) ) ) ) ( VP ( VBD were ) ( VP ( VBN submitted ) ) ) ) ( CC and ) ( S ( NP-SBJ ( VBN accepted ) ( NNS bids ) ) ( VP ( VBD were ) ( PP-PRD ( IN at ) ( NP ( CD 8.292 ) ( NN % ) ) ) ) ) )

Bids totaling 465 million were submitted and accepted bids were at 8.292 %


( S ( NP-SBJ ( NNP Citicorp ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( JJ average ) ( NN rate ) ) ( VP ( VBD fell ) ( PP-DIR ( TO to ) ( NP ( CD 7.986 ) ( NN % ) ) ( PP-LOC ( IN at ) ( NP ( NP ( PRP$ its ) ( ADJP ( QP ( CD 50 ) ( CD million ) ) ) ( NN auction ) ) ( PP ( IN of ) ( NP ( JJ 182-day ) ( JJ commercial ) ( NN paper ) ) ) ) ) ) ( PP ( IN from ) ( NP ( CD 8.1255 ) ( NN % ) ) ( PP-LOC ( IN at ) ( NP ( NP ( JJ last ) ( NN week ) ( POS 's ) ) ( NN sale ) ) ) ) ) ) ) ) )

Citicorp also said that the average rate fell to 7.986 % at its 50 million auction of 182-day commercial paper from 8.1255 % at last week 's sale


( S ( S ( NP-SBJ-1 ( NP ( NNS Bids ) ) ( VP ( VBG totaling ) ( NP ( QP ( CD 415 ) ( CD million ) ) ) ) ) ( VP ( VBD were ) ( VP ( VBN submitted ) ) ) ) ( CC and ) ( S ( NP-SBJ ( VBN accepted ) ( NNS bids ) ) ( VP ( VBD were ) ( PP-PRD ( IN at ) ( NP ( CD 7.986 ) ( NN % ) ) ) ) ) )

Bids totaling 415 million were submitted and accepted bids were at 7.986 %


( S ( NP-SBJ ( DT The ) ( NN bank ) ( VBG holding ) ( NN company ) ) ( VP ( MD will ) ( VP ( VB auction ) ( NP ( NP ( DT another ) ( QP ( CD 50 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( JJ commercial ) ( NN paper ) ) ) ( PP ( IN in ) ( NP ( DT each ) ( NN maturity ) ) ) ) ( PP-TMP ( IN next ) ( NP ( NNP Tuesday ) ) ) ) ) )

The bank holding company will auction another 50 million of commercial paper in each maturity next Tuesday


( S ( NP-SBJ ( NNP US ) ( NNPS Facilities ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NNP Robert ) ( NNP J. ) ( NNP Percival ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB step ) ( ADVP-DIR ( IN down ) ) ( PP-CLR ( IN as ) ( NP ( NP ( NN vice ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN insurance ) ( VBG holding ) ( NN company ) ) ) ) ) ) ) ) ) ) ) ) )

US Facilities Corp. said Robert J. Percival agreed to step down as vice chairman of the insurance holding company


( S ( S-TPC-1 ( NP-SBJ ( EX There ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( NN difference ) ) ( PP ( IN of ) ( NP ( NN opinion ) ) ) ( PP ( IN as ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( JJ future ) ( NN direction ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NN spokeswoman ) ) ( VP ( VBD said ) ) )

There was a difference of opinion as to the future direction of the company a spokeswoman said


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Percival ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB comment ) ) ) ) ) )

Mr. Percival declined to comment


( S ( PP-LOC ( IN In ) ( NP ( DT a ) ( NN statement ) ) ) ( NP-SBJ ( NNP US ) ( NNPS Facilities ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Percival ) ( POS 's ) ) ( NN employment ) ( NN contract ) ) ( VP ( VBZ calls ) ( SBAR-CLR ( IN for ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( TO to ) ( VP ( VB act ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( NN consultant ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN company ) ) ) ) ) ( PP-TMP ( IN for ) ( NP ( CD two ) ( NNS years ) ) ) ) ) ) ) ) ) ) ) )

In a statement US Facilities said Mr. Percival 's employment contract calls for him to act as a consultant to the company for two years


( S-1 ( S ( NP-SBJ ( PRP He ) ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VB remain ) ( NP-PRD ( DT a ) ( NN director ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NNP US ) ( NNPS Facilities ) ) ( VP ( VBD said ) ) ) ) ( CC but ) ( S ( VP ( MD wo ) ( RB n't ) ( VP ( VB serve ) ( PP-LOC-CLR ( IN on ) ( NP ( DT any ) ( NN board ) ( NNS committees ) ) ) ) ) ) )

He will also remain a director US Facilities said but wo n't serve on any board committees


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Percival ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN succeeded ) ( PP-MNR ( IN on ) ( NP ( DT an ) ( JJ interim ) ( NN basis ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP George ) ( NNP Kadonada ) ) ( NP ( NNP US ) ( NNPS Facilities ) ( NN chairman ) ( CC and ) ( NN president ) ) ) ) ) ) ) )

Mr. Percival will be succeeded on an interim basis by George Kadonada US Facilities chairman and president


( S ( PP-LOC ( IN In ) ( NP ( DT the ) ( JJ same ) ( NN statement ) ) ) ( NP-SBJ ( NNP US ) ( NNPS Facilities ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD had ) ( VP ( VBN bought ) ( ADVP-CLR ( RB back ) ) ( NP ( NP ( CD 112,000 ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ common ) ( NNS shares ) ) ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ private ) ( NN transaction ) ) ) ) ) ) ) ) )

In the same statement US Facilities also said it had bought back 112,000 of its common shares in a private transaction


( S ( NP-SBJ-1 ( NNS Terms ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN disclosed ) ) ) )

Terms were n't disclosed


( S ( NP-SBJ ( DT The ) ( NN buy-back ) ) ( VP ( VBZ represents ) ( NP ( NP ( QP ( IN about ) ( CD 3 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS shares ) ) ) ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN on ) ( NP ( NP ( DT the ) ( QP ( CD 3.7 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ( PP-TMP ( IN as ) ( PP ( IN of ) ( NP ( NNP Sept. ) ( CD 30 ) ) ) ) ) ) ) ) )

The buy-back represents about 3 % of the company 's shares based on the 3.7 million shares outstanding as of Sept. 30


( S ( PP-LOC ( IN In ) ( NP ( JJ national ) ( NN over-the-counter ) ( NN trading ) ) ) ( NP-TMP ( NN yesterday ) ) ( NP-SBJ ( NNP US ) ( NNPS Facilities ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 3.625 ) ) ) ( ADJP ( JJ unchanged ) ) ) )

In national over-the-counter trading yesterday US Facilities closed at 3.625 unchanged


( S ( NP-SBJ ( NNP Rohm ) ( CC & ) ( NNP Haas ) ( NNP Co. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN third-quarter ) ( NN net ) ( NN income ) ) ( VP ( VBD skidded ) ( NP-EXT ( CD 35 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 32.6 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 49 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) )

Rohm & Haas Co. said third-quarter net income skidded 35 % to 32.6 million or 49 cents a share


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ year-earlier ) ( NN quarter ) ) ) ( NP-SBJ ( DT the ) ( NNS chemicals ) ( NN company ) ) ( VP ( VBD had ) ( NP ( NP ( NN net ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 49.8 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 75 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) )

In the year-earlier quarter the chemicals company had net of 49.8 million or 75 cents a share


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( QP ( CD 623 ) ( CD million ) ) ) ( ADVP ( IN up ) ( NP ( CD 0.5 ) ( NN % ) ) ( PP ( IN from ) ( NP ( QP ( CD 619.8 ) ( CD million ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( IN ago ) ) ) ) ) ) )

Sales were 623 million up 0.5 % from 619.8 million a year ago


( S ( NP-SBJ ( NP ( NNP Rohm ) ( CC & ) ( NNP Haas ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB start ) ( S ( VP ( VBG operating ) ( NP ( CD seven ) ( JJ new ) ( NN production ) ( NNS units ) ) ) ) ( NP-TMP ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ( VP ( VBD attributed ) ( NP ( DT the ) ( NN profit ) ( NN slide ) ) ( PP-CLR ( ADVP ( RB partly ) ) ( TO to ) ( NP ( JJR higher ) ( JJ start-up ) ( NN expense ) ) ) ) )

Rohm & Haas which plans to start operating seven new production units this year attributed the profit slide partly to higher start-up expense


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( ADVP ( RB also ) ) ( VP ( VBD cited ) ( NP ( NP ( DT the ) ( JJR stronger ) ( NN dollar ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ cuts ) ( NP ( NP ( DT the ) ( NN value ) ) ( PP ( IN of ) ( NP ( JJ overseas ) ( NN profit ) ) ) ) ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBN translated ) ( PP-CLR ( IN into ) ( NP ( NNS dollars ) ) ) ) ) ) ) ) ) ) ) ) )

The company also cited the stronger dollar which cuts the value of overseas profit when it is translated into dollars


( S-2 ( PP ( IN In ) ( NP ( NN addition ) ) ) ( PRN ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ) ) ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN hurt ) ( PP ( IN by ) ( NP-LGS ( NP ( ADJP ( JJR higher ) ( PP ( IN than ) ( ADJP ( JJ previous-year ) ) ) ) ( NNS costs ) ) ( PP ( IN for ) ( NP ( JJ raw ) ( NNS materials ) ) ) ) ) ( SBAR-ADV ( IN though ) ( S ( NP-SBJ ( DT those ) ( NNS costs ) ) ( VP ( VBP have ) ( VP ( VBN declined ) ( PP-TMP ( IN since ) ( NP ( DT the ) ( JJ second ) ( NN quarter ) ) ) ) ) ) ) ) ) )

In addition the company said it was hurt by higher than previous-year costs for raw materials though those costs have declined since the second quarter


( S ( NP-SBJ ( NP ( ADJP ( RB Incrementally ) ( JJR higher ) ) ( NN production ) ) ( PP ( IN of ) ( NP ( NP ( DT those ) ( NNS chemicals ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBP remain ) ( PP-PRD ( IN in ) ( NP ( JJ heavy ) ( NN demand ) ) ) ) ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBZ has ) ( VP ( VBN forced ) ( S ( ADJP-PRD ( IN up ) ) ( NP-SBJ ( NP ( NNS costs ) ) ( PP ( ADVP ( JJ such ) ) ( IN as ) ( NP ( NN overtime ) ( NN pay ) ) ) ) ) ) ) )

Incrementally higher production of those chemicals which remain in heavy demand also has forced up costs such as overtime pay


( S ( PP-TMP ( IN For ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NNP Rohm ) ( CC & ) ( NNP Haas ) ( NN net ) ) ( VP ( VBD totaled ) ( NP-CLR ( NP ( QP ( CD 155 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 2.33 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( ADVP ( IN down ) ( NP ( CD 17 ) ( NN % ) ) ( PP ( IN from ) ( NP ( NP ( QP ( CD 187.8 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 2.82 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( IN ago ) ) ) ) ) ) )

For the nine months Rohm & Haas net totaled 155 million or 2.33 a share down 17 % from 187.8 million or 2.82 a share a year ago


( S ( NP-SBJ ( NNS Sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 5.2 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 2.04 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 1.94 ) ( CD billion ) ) ) ( NP-TMP ( DT the ) ( JJ previous ) ( NN year ) ) ) ) )

Sales rose 5.2 % to 2.04 billion from 1.94 billion the previous year


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-SBJ ( NNP Rohm ) ( CC & ) ( NNP Haas ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 33 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( IN down ) ( NP ( CD 1.75 ) ) ) ) )

In New York Stock Exchange composite trading Rohm & Haas closed at 33 a share down 1.75


( S ( NP-SBJ ( VBN Spooked ) ( NNS investors ) ) ( PP ( IN despite ) ( NP ( PRP$ their ) ( NN stampede ) ( S ( VP ( TO to ) ( VP ( VB dump ) ( NP ( NN takeover ) ( NNS stocks ) ) ) ) ) ) ) ( VP ( MD should ) ( VP ( VB hold ) ( PRT ( RP on ) ) ( ADVP-MNR ( RB tight ) ) ( PP-CLR ( TO to ) ( NP ( PRP$ their ) ( NNP Jaguar ) ( NNS shares ) ) ) ) ) )

Spooked investors despite their stampede to dump takeover stocks should hold on tight to their Jaguar shares


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT the ) ( NN view ) ) ( PP ( IN of ) ( NP ( NP ( DT some ) ( NNS analysts ) ) ( ADVP-LOC ( RB here ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP argue ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NP ( NNP Britain ) ( POS 's ) ) ( VBG leading ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NN luxury ) ( NNS cars ) ) ) ) ( ADVP-TMP ( RB still ) ) ( VP ( MD may ) ( VP ( VB have ) ( S ( NP-SBJ ( CD two ) ( NNP U.S. ) ( NN auto ) ( NNS giants ) ) ( VP ( VBG battling ) ( PP-CLR ( IN for ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

That 's the view of some analysts here who argue that Britain 's leading maker of luxury cars still may have two U.S. auto giants battling for it


( S ( NP-TMP ( NN Yesterday ) ) ( NP-SBJ ( NNP Ford ) ( NNP Motor ) ) ( VP ( VBD disclosed ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN raised ) ( NP ( NP ( PRP$ its ) ( NN holding ) ) ( PP-LOC ( IN in ) ( NP ( NNP Jaguar ) ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 10.4 ) ( NN % ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 5 ) ( NN % ) ) ) ) ) ) ) ) )

Yesterday Ford Motor disclosed that it has raised its holding in Jaguar to 10.4 % from 5 %


( S ( NP-SBJ ( DT Both ) ( NP ( NP ( NNP Ford ) ) ( CC and ) ( NP ( PRP$ its ) ( NN rival ) ( NNP General ) ( NNPS Motors ) ) ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD set ) ( NP ( PRP$ their ) ( NNS sights ) ) ( PP-CLR ( IN on ) ( S-NOM ( VP ( VBG grabbing ) ( NP ( NP ( JJ significant ) ( NN minority ) ( NNS stakes ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ British ) ( NN company ) ) ) ) ) ) ) ) )

Both Ford and its rival General Motors recently set their sights on grabbing significant minority stakes in the British company


( S ( NP-SBJ ( NP ( NNP Ford ) ( POS 's ) ) ( JJS latest ) ( NN move ) ) ( VP ( VBZ increases ) ( NP ( NP ( DT the ) ( NN pressure ) ) ( PP ( IN on ) ( NP ( NNP GM ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB complete ) ( NP ( NP ( PRP$ its ) ( JJ current ) ( NNS talks ) ) ( PP ( IN with ) ( NP ( NNP Jaguar ) ) ) ) ( ADVP-MNR ( RB quickly ) ) ) ) ) ) ) )

Ford 's latest move increases the pressure on GM to complete its current talks with Jaguar quickly


( S ( S-TPC-2 ( NP-SBJ ( NNP GM ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB reach ) ( NP ( NP ( DT the ) ( JJ cooperative ) ( VBG operating ) ( NN pact ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG seeking ) ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( IN about ) ( CD two ) ( NNS weeks ) ) ) ) ) ) ) ) ) ( NP-SBJ ( JJ knowledgeable ) ( NNS individuals ) ) ( VP ( VBP say ) ) )

GM is likely to reach the cooperative operating pact it has been seeking in about two weeks knowledgeable individuals say


( S ( PP-TMP ( IN At ) ( NP ( DT that ) ( NN point ) ) ) ( NP-SBJ ( NNS investors ) ) ( VP ( MD may ) ( VP ( VB face ) ( NP ( DT a ) ( JJ long ) ( JJ bumpy ) ( NN ride ) ) ) ) )

At that point investors may face a long bumpy ride


( S ( NP-SBJ ( NP ( DT A ) ( NN victor ) ) ( PP ( IN in ) ( NP ( NP ( DT the ) ( NN fight ) ) ( PP ( IN for ) ( NP ( NNP Jaguar ) ) ) ) ) ) ( VP ( MD may ) ( RB not ) ( VP ( VB emerge ) ( PP-TMP ( IN until ) ( PP ( IN after ) ( NP ( NP ( DT the ) ( NN expiration ) ) ( NP-TMP ( JJ late ) ( JJ next ) ( NN year ) ) ( PP ( IN of ) ( NP ( JJ British ) ( NN government ) ( NN takeover ) ( NNS restrictions ) ) ) ) ) ) ) ) )

A victor in the fight for Jaguar may not emerge until after the expiration late next year of British government takeover restrictions


( S ( NP-SBJ ( DT The ) ( NNS curbs ) ) ( VP ( VBP prevent ) ( NP ( DT a ) ( NN buyer ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG purchasing ) ( NP ( NP ( QP ( RBR more ) ( IN than ) ( CD 15 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NNP Jaguar ) ( NNS shares ) ) ) ) ( PP ( IN without ) ( NP ( NN permission ) ) ) ) ) ) ) )

The curbs prevent a buyer from purchasing more than 15 % of Jaguar shares without permission


( SINV ( S-TPC-1 ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( NP-PRD ( DT an ) ( ADJP ( RB exceptionally ) ( JJ odd ) ) ( NN takeover ) ( NN battle ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP London ) ( NN analyst ) ) ( NP ( NP ( NNP Christopher ) ( NNP Will ) ) ( PP ( IN of ) ( NP ( NNP Shearson ) ( NNP Lehman ) ( NNP Hutton ) ) ) ) ) )

This is an exceptionally odd takeover battle says London analyst Christopher Will of Shearson Lehman Hutton


( S ( NP-SBJ ( NP ( NNP Jaguar ) ( POS 's ) ) ( JJ American ) ( NN depositary ) ( NNS receipts ) ) ( VP ( VBD were ) ( ADVP-PRD ( IN up ) ( NP ( CD 3\/8 ) ) ) ( NP-TMP ( NN yesterday ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN down ) ( NN market ) ) ) ( S-ADV ( VP ( VBG closing ) ( PP-CLR ( IN at ) ( NP ( CD 10 ) ( CD 3\/8 ) ) ) ) ) ) )

Jaguar 's American depositary receipts were up 3\/8 yesterday in a down market closing at 10 3\/8


( S ( NP-SBJ ( NP ( NNP Jaguar ) ( POS 's ) ) ( NNS ADRs ) ) ( VP ( VBP make ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( ADJP ( ADVP ( RBS most ) ( RB widely ) ) ( VBN held ) ) ( NNP United ) ( NNP Kingdom ) ( NNS stocks ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ) ( SBAR-ADV ( IN with ) ( S ( NP-SBJ-1 ( NP ( QP ( RBR more ) ( IN than ) ( NN one-fourth ) ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS shares ) ) ) ) ( VP ( VBN owned ) ( ADVP-LOC ( RB there ) ) ) ) ) ) )

Jaguar 's ADRs make the company one of the most widely held United Kingdom stocks in the U.S. with more than one-fourth of its shares owned there


( S ( NP-SBJ ( NNP Jaguar ) ) ( VP ( VBD topped ) ( NP ( NP ( DT the ) ( JJ most-active ) ( NN list ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP U.S. ) ( JJ over-the-counter ) ( NN market ) ) ) ) ( NP-TMP ( NNP Monday ) ) ) )

Jaguar topped the most-active list for the U.S. over-the-counter market Monday


( S ( CC And ) ( PP-LOC ( IN on ) ( NP ( NP ( NNP London ) ( POS 's ) ) ( NNP Stock ) ( NNP Exchange ) ) ) ( NP-TMP ( NNP Monday ) ) ( NP-SBJ-3 ( NP ( QP ( CD 18.5 ) ( CD million ) ) ( NNS shares ) ) ) ( VP ( VBD were ) ( VP ( VBN traded ) ( PP-2 ( ADVP ( RB far ) ) ( IN above ) ( NP ( DT the ) ( JJ usual ) ( NN volume ) ) ) ) ) )

And on London 's Stock Exchange Monday 18.5 million shares were traded far above the usual volume


( S ( NP-SBJ ( NP ( NNP Ford ) ( POS 's ) ) ( NN share ) ( NNS purchases ) ) ( ADVP ( RB undoubtedly ) ) ( VP ( VBD accounted ) ( PP-CLR ( IN for ) ( NP ( NP ( RB much ) ) ( PP ( IN of ) ( NP ( NP ( NNP Monday ) ( POS 's ) ) ( JJ heavy ) ( NN trading ) ) ) ) ) ) )

Ford 's share purchases undoubtedly accounted for much of Monday 's heavy trading


( S ( NP-TMP ( JJ Last ) ( NN week ) ) ( NP-SBJ ( JJ many ) ( NNP Jaguar ) ( NNS shareholders ) ) ( VP ( VP ( VBD took ) ( NP ( PRP$ their ) ( NN money ) ) ) ( CC and ) ( VP ( VBD ran ) ) ) )

Last week many Jaguar shareholders took their money and ran


( S ( NP-SBJ ( NNS Fears ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NNP Ford ) ( POS 's ) ) ( NN ardor ) ) ( VP ( MD might ) ( VP ( VB be ) ( VP ( VBG cooling ) ) ) ) ) ) ) ( VP ( VBP put ) ( NP ( NNP Jaguar ) ( NNS shares ) ) ( PP-PUT ( IN into ) ( NP ( NN reverse ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( NNP GM ) ) ( VP ( VBD confirmed ) ( NP ( NP ( PRP$ its ) ( JJ friendly ) ( NNS negotiations ) ) ( PP ( IN with ) ( NP ( NNP Jaguar ) ) ) ) ) ) ) ) )

Fears that Ford 's ardor might be cooling put Jaguar shares into reverse after GM confirmed its friendly negotiations with Jaguar


( S ( CC But ) ( NP-SBJ ( NP ( NN yesterday ) ( POS 's ) ) ( NN announcement ) ) ( VP ( VBZ indicates ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Ford ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN lost ) ( NP ( NN interest ) ) ) ) ) ) ) )

But yesterday 's announcement indicates that Ford has n't lost interest


( S ( NP-SBJ ( DT Both ) ( NP ( NP ( NP ( NNP Shearson ) ( POS 's ) ) ( NNP Mr ) ( NNP Will ) ) ( CC and ) ( NP ( NP ( NNP Stephen ) ( NNP Reitman ) ) ( NP ( NP ( JJ European ) ( NN auto ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NNP London ) ( NN brokerage ) ( NN firm ) ( NNP UBS-Phillips ) ( CC & ) ( NNP Drew ) ) ) ) ) ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD switched ) ( NP ( PRP$ their ) ( NNP Jaguar ) ( NNS recommendations ) ) ( PP-CLR ( TO to ) ( NP ( VB hold ) ) ) ( PP-CLR ( IN from ) ( NP ( NN buy ) ) ) ) )

Both Shearson 's Mr Will and Stephen Reitman European auto analyst at the London brokerage firm UBS-Phillips & Drew recently switched their Jaguar recommendations to hold from buy


( S ( S-TPC-1 ( VP ( VB Sit ) ( ADVP-MNR ( RB tight ) ) ( PP-TMP ( IN through ) ( NP ( DT the ) ( VBG coming ) ( NN volatility ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Reitman ) ) ( VP ( VBZ suggests ) ( SBAR-ADV ( IN though ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ concedes ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ many ) ( JJ small ) ( NNS investors ) ) ( VP ( MD will ) ( VP ( VB find ) ( S ( NP-SBJ ( NP ( NNP Jaguar ) ( POS 's ) ) ( NNS zigzags ) ) ( ADJP-PRD ( RB too ) ( JJ hard ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB swallow ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Sit tight through the coming volatility Mr. Reitman suggests though he concedes that many small investors will find Jaguar 's zigzags too hard to swallow


( S ( CC But ) ( NP-SBJ ( DT a ) ( JJ crucial ) ( NN point ) ) ( VP ( VBZ is ) ( SBAR-PRD ( WHADVP-2 ( WRB how ) ) ( S ( NP-SBJ ( NNP Ford ) ) ( VP ( VBZ reacts ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NP ( NNP GM ) ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( JJS largest ) ( NN auto ) ( NN maker ) ) ) ( VP ( NNS firms ) ( PRT ( RP up ) ) ( NP ( NP ( PRP$ its ) ( VBN proposed ) ( NN deal ) ) ( PP ( IN with ) ( NP ( NNP Jaguar ) ) ) ) ) ) ) ) ) ) ) )

But a crucial point is how Ford reacts when GM the world 's largest auto maker firms up its proposed deal with Jaguar


( S ( PP-TMP ( IN At ) ( NP ( DT the ) ( NN moment ) ) ) ( NP-SBJ ( NNP Ford ) ( NNS executives ) ) ( VP ( MD will ) ( VP ( VB say ) ( NP ( NP ( JJ little ) ) ( PP ( IN beyond ) ( S-NOM ( VP ( VBG reiterating ) ( NP ( PRP$ their ) ( NN desire ) ( S ( VP ( TO to ) ( VP ( VB raise ) ( NP ( NP ( NNP Ford ) ( POS 's ) ) ( NNP Jaguar ) ( NN stake ) ) ( PP-DIR ( TO to ) ( NP ( QP ( IN about ) ( CD 15 ) ) ( NN % ) ) ) ) ) ) ) ) ) ) ) ) ) )

At the moment Ford executives will say little beyond reiterating their desire to raise Ford 's Jaguar stake to about 15 %


( S ( NP-SBJ-1 ( NNP GM ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VP ( VB inject ) ( NP ( NP ( QP ( RB roughly ) ( CD 200 ) ( CD million ) ) ) ( PRN ( NP ( QP ( CD 316 ) ( CD million ) ) ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG acquiring ) ( NP ( DT some ) ( NNP Jaguar ) ( NNS shares ) ) ) ) ) ) ( CC and ) ( VP ( ADVP-TMP ( RB then ) ) ( VB win ) ( NP ( NP ( NP ( NNP Jaguar ) ( NN management ) ( POS 's ) ) ( NN promise ) ) ( PP ( IN of ) ( NP ( DT an ) ( JJ eventual ) ( ADJP ( CD 30 ) ( NN % ) ) ( NN stake ) ) ) ) ) ) ) ) ) ) )

GM is expected to inject roughly 200 million 316 million by acquiring some Jaguar shares and then win Jaguar management 's promise of an eventual 30 % stake


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP believe ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN car ) ( NNS makers ) ) ( ADVP ( RB also ) ) ( VP ( MD will ) ( VP ( VB create ) ( NP ( NP ( JJ joint ) ( NNS ventures ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB develop ) ( NP ( JJ new ) ( NN executive ) ( NNS models ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG doubling ) ( NP ( NP ( NP ( NNP Jaguar ) ( POS 's ) ) ( JJ yearly ) ( NN output ) ) ( PP ( IN of ) ( NP ( CD 50,000 ) ( NNS cars ) ) ) ) ) ) ) ) ) ) ) )

Analysts believe the car makers also will create joint ventures to develop new executive models doubling Jaguar 's yearly output of 50,000 cars


( S ( NP-SBJ-1 ( NNP Jaguar ) ( NNS shareholders ) ) ( VP ( MD would ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB bless ) ( NP ( PDT such ) ( DT a ) ( JJ far-reaching ) ( NN accord ) ) ) ) ) ) ) )

Jaguar shareholders would have to bless such a far-reaching accord


( S ( NP-SBJ-2 ( NNP Ford ) ) ( VP ( MD might ) ( VP ( VB challenge ) ( NP ( DT the ) ( NN proposal ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG offering ) ( NP ( DT a ) ( JJ full ) ( NN bid ) ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ-1 ( NP ( NNS holders ) ) ( CC and ) ( NP ( DT the ) ( NNP U.K. ) ( NN government ) ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB drop ) ( NP ( DT the ) ( NN anti-takeover ) ( NN barrier ) ) ( ADVP-TMP ( RB early ) ) ) ) ) ) ) ) ) ) )

Ford might challenge the proposal by offering a full bid if holders and the U.K. government agreed to drop the anti-takeover barrier early


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ-2 ( NNP Ford ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB come ) ( PRT ( RP out ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( JJ full ) ( NNS guns ) ) ( VP ( VBG blazing ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Reitman ) ) ( VP ( VBZ says ) ) )

I think Ford is going to come out with full guns blazing Mr. Reitman says


( S ( NP-SBJ ( NNP Ford ) ) ( VP ( VBZ wants ) ( NP ( NNP Jaguar ) ) ( ADVP ( RB very ) ( RB much ) ) ) )

Ford wants Jaguar very much


( S ( NP-SBJ ( NP ( NNP U.S. ) ( JJ takeover-stock ) ( NNS speculators ) ) ( SBAR ( WHNP-4 ( WP who ) ) ( S ( VP ( MD may ) ( VP ( VB own ) ( NP ( NP ( QP ( IN between ) ( CD 20 ) ( NN % ) ( CC and ) ( CD 30 ) ( NN % ) ) ) ( PP ( IN of ) ( NP ( NNP Jaguar ) ) ) ) ) ) ) ) ) ( VP ( MD could ) ( VP ( VB give ) ( NP ( NNP Ford ) ) ( NP ( RB enough ) ( NNS votes ) ( S ( VP ( TO to ) ( VP ( VB block ) ( NP ( DT the ) ( NNP GM ) ( NN deal ) ) ) ) ) ) ) ) )

U.S. takeover-stock speculators who may own between 20 % and 30 % of Jaguar could give Ford enough votes to block the GM deal


( S ( NP-SBJ ( NNP GM ) ) ( VP ( NN might ) ( VP ( NN counterbid ) ) ) )

GM might counterbid


( S ( ADVP ( RB Then ) ) ( NP-SBJ ( NNP Mr ) ( NNP Will ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP get ) ( NP ( NP ( DT a ) ( NN bidding ) ( NN war ) ) ( PP ( IN between ) ( NP ( CD two ) ( ADJP ( RB very ) ( JJ rich ) ) ( ADJP ( RB very ) ( VBN determined ) ) ( JJ international ) ( NNS companies ) ) ) ) ) ) ) ) )

Then Mr Will says you get a bidding war between two very rich very determined international companies


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ believes ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Jaguar ) ( POS 's ) ) ( NN share ) ( NN price ) ) ( VP ( MD could ) ( VP ( VB zoom ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( IN between ) ( CD 8 ) ( CC and ) ( CD 10 ) ) ) ( PRN ( NP ( QP ( CD 12.60 ) ( TO to ) ( CD 15.80 ) ) ) ) ) ) ) ) ) ) ) )

He believes Jaguar 's share price could zoom to between 8 and 10 12.60 to 15.80


( SINV ( S-TPC-1 ( NP-SBJ ( EX There ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( NP ( RB quite ) ( DT a ) ( NN bit ) ) ( PP ( IN of ) ( NP ( NN value ) ) ) ) ( VP ( VBN left ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( DT the ) ( NP ( NNP Jaguar ) ) ( NNS shares ) ) ( ADVP-LOC ( RB here ) ) ) ) ) ) ( SBAR-ADV ( ADVP ( RB even ) ) ( IN though ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP have ) ( VP ( VBN run ) ( PRT ( RP up ) ) ( ADVP-TMP ( RB lately ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Doug ) ( NNP Johnson ) ) ( NP ( NP ( DT a ) ( NN fund ) ( NN manager ) ) ( PP ( IN for ) ( NP ( JJ Seattle-based ) ( NNP Safeco ) ( NNP Asset ) ( NNP Management ) ) ) ) ) )

There 's quite a bit of value left in the Jaguar shares here even though they have run up lately says Doug Johnson a fund manager for Seattle-based Safeco Asset Management


( S ( PP-TMP ( IN At ) ( NP ( DT the ) ( NN moment ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ intends ) ( S ( VP ( TO to ) ( VP ( VB keep ) ( NP ( NP ( DT the ) ( NN firm ) ( POS 's ) ) ( CD 180,000 ) ( NNP Jaguar ) ( NNS shares ) ) ) ) ) ) )

At the moment he intends to keep the firm 's 180,000 Jaguar shares


( S ( NP-SBJ ( DT The ) ( NN risk ) ) ( VP ( VBZ is ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ ( NP ( NNP Jaguar ) ( POS 's ) ) ( NN share ) ( NN price ) ) ( VP ( MD could ) ( VP ( VB slump ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( NP ( NP ( NNP GM ) ( POS 's ) ) ( NN agreement ) ) ( PP ( IN with ) ( NP ( NNP Jaguar ) ) ) ) ( VP ( ADVP-MNR ( RB effectively ) ) ( VBZ locks ) ( PRT ( RP out ) ) ( NP ( PRP$ its ) ( NNP U.S. ) ( NN rival ) ) ) ) ) ) ) ) ) ) )

The risk is that Jaguar 's share price could slump if GM 's agreement with Jaguar effectively locks out its U.S. rival


( SINV ( S-TPC-1 ( NP-SBJ ( NP ( NNP Ford ) ( POS 's ) ) ( NN appetite ) ( S ( VP ( TO to ) ( VP ( VB attack ) ( NP ( NNP Jaguar ) ) ) ) ) ) ( VP ( MD could ) ( VP ( ADVP-MNR ( RB gradually ) ) ( VB wane ) ( PP-TMP ( IN over ) ( NP ( NN time ) ) ) ( ADVP ( RB particularly ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( NNP Saab ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( ADJP ( RB reasonably ) ( JJ attractive ) ) ( NN proposition ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP John ) ( NNP Lawson ) ) ( NP ( NP ( DT an ) ( NN auto ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP London ) ( POS 's ) ) ( NNP Nomura ) ( NNP Research ) ( NNP Institute ) ) ) ) ) )

Ford 's appetite to attack Jaguar could gradually wane over time particularly if Saab is a reasonably attractive proposition says John Lawson an auto analyst at London 's Nomura Research Institute


( S ( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ thinks ) ( SBAR ( S ( NP-SBJ ( NNP Saab-Scania ) ( NNP AB ) ) ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ( VP ( MD will ) ( VP ( VB announce ) ( NP ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NP ( CD 50 ) ( NN % ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN car ) ( NN division ) ) ) ) ) ( PP ( TO to ) ( NP ( NNP Ford ) ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( DT the ) ( NNS companies ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG discussing ) ( NP ( JJR closer ) ( NN cooperation ) ) ( PP-TMP ( IN for ) ( NP ( NNS months ) ) ) ) ) ) ) )

He thinks Saab-Scania AB on Friday will announce the sale of 50 % of its car division to Ford the companies have been discussing closer cooperation for months


( S ( NP-SBJ ( NP ( NNP Clifford ) ( NNP Stahl ) ) ( NP ( NP ( NP ( NN president ) ) ) ( CC and ) ( NP ( NP ( NN chief ) ( NN investment ) ( NN officer ) ) ) ( PP-4 ( IN of ) ( NP ( NNP C-S ) ( NNP Capital ) ( NNPS Advisors ) ( NNP Inc. ) ) ) ) ) ( ADVP-TMP ( NP ( CD two ) ( NNS weeks ) ) ( IN ago ) ) ( VP ( VBD sold ) ( NP ( NP ( NP ( PRP$ his ) ( NNP Cincinnati ) ( NN firm ) ( POS 's ) ) ( CD 107,100 ) ( NNP Jaguar ) ( NNPS ADRs ) ) ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( IN about ) ( CD 10 ) ) ) ( NP-ADV ( DT each ) ) ) ) ( S-ADV ( VP ( VBG making ) ( NP ( NP ( DT a ) ( JJ tidy ) ( NN profit ) ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( NN holding ) ) ( VP ( VBN purchased ) ( PP ( IN at ) ( NP ( CD 4 ) ( CD 7\/8 ) ) ) ( PP ( IN in ) ( NP ( JJ early ) ( NNP May ) ) ) ) ) ) ) ) ) ) )

Clifford Stahl president and chief investment officer of C-S Capital Advisors Inc. two weeks ago sold his Cincinnati firm 's 107,100 Jaguar ADRs at about 10 each making a tidy profit on a holding purchased at 4 7\/8 in early May


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBD thought ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NNS probabilities ) ) ( PP ( IN of ) ( S-NOM ( NP-SBJ ( DT a ) ( NN bidding ) ( NN war ) ) ( VP ( VBG happening ) ) ) ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJR less ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

I thought the probabilities of a bidding war happening were less he says


( S ( PP ( IN Of ) ( NP ( NN course ) ) ) ( NP-SBJ ( WDT that ) ) ( VP ( VBD was ) ( PP-TMP-PRD ( IN before ) ( NP ( NP ( NNP Ford ) ( POS 's ) ) ( JJS latest ) ( NN move ) ) ) ) )

Of course that was before Ford 's latest move


( NP-HLN ( NP ( NNP Jaguar ) ) ( PRN ( NP ( NNP OTC ) ) ( NP ( NP ( NN Symbol ) ) ( NP ( NNP JAGRY ) ) ) ) )

Jaguar OTC Symbol JAGRY


( NP ( NP ( NN Business ) ) ( NP ( NN Luxury ) ( NNS cars ) ) )

Business Luxury cars


( NP-HLN ( NP ( NP ( NN Year ) ) ( VP ( VBD ended ) ( NP-TMP-CLR ( NNP Dec. ) ( CD 31 ) ( CD 1988 ) ) ) ) )

Year ended Dec. 31 1988


( NP ( NP ( NP ( NN Revenue ) ) ( NP ( QP ( CD 1.71 ) ( CD billion ) ) ) ) )

Revenue 1.71 billion


( NP ( NP ( JJ Net ) ( NN income ) ) ( NP ( NP ( QP ( CD 44.9 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 25 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) )

Net income 44.9 million or 25 cents a share


( NP ( NP ( NP ( JJ First ) ( DT half ) ) ( VP ( VBD ended ) ( NP ( NNP June ) ( CD 30 ) ( CD 1989 ) ) ) ) )

First half ended June 30 1989


( NP ( NP ( NP ( JJ Net ) ( NN loss ) ) ( NP ( CD 1.7 ) ( CD million ) ) ) ( PP ( CC vs. ) ( NP ( NP ( JJ net ) ( NN income ) ) ( NP ( NP ( QP ( CD 21.2 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 12 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) )

Net loss 1.7 million vs. net income 21.2 million or 12 cents a share


( NP ( NP ( NNP Averae ) ( RB daily ) ( NN trading ) ( NN volume ) ) ( NP ( NP ( NP ( JJ Ordinary ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ( NP ( QP ( CD 182.9 ) ( CD million ) ) ) ) )

Averae daily trading volume Ordinary shares outstanding 182.9 million


( FRAG ( NP ( NN NOTE ) ) ( S ( NP-SBJ-1 ( DT All ) ( NNS figures ) ) ( VP ( VBP are ) ( VP ( VBN translated ) ( PP-CLR ( IN into ) ( NP ( NNP U.S. ) ( NNS dollars ) ) ) ( PP ( VBN based ) ( PP ( IN on ) ( NP ( JJ current ) ( NN exchange ) ( NNS rates ) ) ) ) ) ) ) )

NOTE All figures are translated into U.S. dollars based on current exchange rates


( S ( NP-SBJ ( NP ( NNP Reuben ) ( NNP Mark ) ) ( NP ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( NNP Colgate-Palmolive ) ( NNP Co. ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ comfortable ) ( PP ( IN with ) ( NP ( NP ( NNS analysts ) ( POS ' ) ) ( NNS estimates ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NN third-quarter ) ( NNS earnings ) ) ( VP ( VBD rose ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( IN between ) ( CD 95 ) ( NNS cents ) ( CC and ) ( CD 1.05 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Reuben Mark chairman of Colgate-Palmolive Co. said he is comfortable with analysts ' estimates that third-quarter earnings rose to between 95 cents and 1.05 a share


( S ( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ compares ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ per-share ) ( NNS earnings ) ) ( PP ( IN from ) ( NP ( VBG continuing ) ( NNS operations ) ) ) ( PP ( IN of ) ( NP ( CD 69 ) ( NNS cents ) ) ( ADVP-TMP ( NP ( DT the ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ) ( S ( PP ( VBG including ) ( NP ( VBN discontinued ) ( NNS operations ) ) ) ( NP-SBJ ( NN per-share ) ) ( VP ( VBD was ) ( NP-PRD ( CD 88 ) ( NNS cents ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( IN ago ) ) ) ) )

That compares with per-share earnings from continuing operations of 69 cents the year earlier including discontinued operations per-share was 88 cents a year ago


( S ( NP-SBJ ( DT The ) ( JJ per-share ) ( NNS estimates ) ) ( VP ( VBP mean ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NNS consumer-products ) ( NN company ) ( POS 's ) ) ( NN net ) ( NN income ) ) ( VP ( VBD increased ) ( PP-DIR ( TO to ) ( NP ( QP ( IN between ) ( CD 69.5 ) ( CD million ) ( CC and ) ( CD 76 ) ( CD million ) ) ) ) ( PP ( IN from ) ( NP ( NP ( QP ( CD 47.1 ) ( CD million ) ) ) ( NP-TMP ( DT the ) ( JJ year-before ) ( NN period ) ) ) ) ) ) ) ) )

The per-share estimates mean the consumer-products company 's net income increased to between 69.5 million and 76 million from 47.1 million the year-before period


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP estimate ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Colgate ) ( POS 's ) ) ( JJ world-wide ) ( NN third-quarter ) ( NNS sales ) ) ( VP ( VBD rose ) ( NP-EXT ( IN about ) ( CD 8 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 1.29 ) ( CD billion ) ) ) ) ) ) ) ) )

Analysts estimate Colgate 's world-wide third-quarter sales rose about 8 % to 1.29 billion


( S ( NP-SBJ ( NNP Mr. ) ( NNP Mark ) ) ( VP ( VBD attributed ) ( NP ( DT the ) ( NNS earnings ) ( NN growth ) ) ( PP-CLR ( TO to ) ( NP ( NP ( JJ strong ) ( NNS sales ) ) ( PP ( IN in ) ( NP-LOC ( NP ( NNP Latin ) ( NNP America ) ) ( NP ( NNP Asia ) ) ( CC and ) ( NP ( NNP Europe ) ) ) ) ) ) ) )

Mr. Mark attributed the earnings growth to strong sales in Latin America Asia and Europe


( S ( S-TPC-1 ( NP-SBJ ( NNS Results ) ) ( VP ( VBD were ) ( ADVP ( RB also ) ) ( VP ( VBN bolstered ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( ADJP ( RB very ) ( JJ meaningful ) ) ( NN increase ) ) ( PP-LOC ( IN in ) ( NP ( VBG operating ) ( NN profit ) ) ) ( PP ( IN by ) ( NP ( NP ( NNP Colgate ) ( POS 's ) ) ( NNP U.S. ) ( NN business ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Mark ) ) ( VP ( VBD said ) ) )

Results were also bolstered by a very meaningful increase in operating profit by Colgate 's U.S. business Mr. Mark said


( S ( S-TPC-1 ( NP-SBJ ( NP ( VBG Operating ) ( NN profit ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Colgate ) ( POS 's ) ) ( NNP U.S. ) ( NN household ) ( NNS products ) ( CC and ) ( JJ personal-care ) ( NNS businesses ) ) ) ) ( VP ( VBD jumped ) ( NP-EXT ( CD 25 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN quarter ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Mark ) ) ( VP ( VBD added ) ) )

Operating profit at Colgate 's U.S. household products and personal-care businesses jumped 25 % in the quarter Mr. Mark added


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN improvement ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( NN result ) ) ( PP ( IN of ) ( NP ( NP ( NN cost ) ( NNS savings ) ) ( VP ( VBN achieved ) ( PP ( IN by ) ( S-NOM ( VP ( VP ( VBG consolidating ) ( NP ( VBG manufacturing ) ( NP ( NNS operations ) ) ) ) ( VP ( VBG blending ) ( NP ( CD two ) ( NNS sales ) ( NNS organizations ) ) ) ( CC and ) ( VP ( VBG focusing ) ( ADVP-MNR ( RBR more ) ( RB carefully ) ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ promotional ) ( NNS activities ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He said the improvement was a result of cost savings achieved by consolidating manufacturing operations blending two sales organizations and focusing more carefully the company 's promotional activities


( S ( NP-SBJ ( NP ( DT The ) ( VBN estimated ) ( NN improvement ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Colgate ) ( POS 's ) ) ( NNP U.S. ) ( NNS operations ) ) ) ) ( VP ( VBD took ) ( NP ( DT some ) ( NNS analysts ) ) ( PP-CLR ( IN by ) ( NP ( NN surprise ) ) ) ) )

The estimated improvement in Colgate 's U.S. operations took some analysts by surprise


( S ( NP-SBJ ( NP ( NP ( NNP Colgate ) ( POS 's ) ) ( NN household ) ( NNS products ) ( NN business ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ includes ) ( NP ( NP ( JJ such ) ( NNS brands ) ) ( PP ( IN as ) ( NP ( NP ( NNP Fab ) ( NN laundry ) ( NN detergent ) ) ( CC and ) ( NP ( NNP Ajax ) ( NN cleanser ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( DT a ) ( JJ weak ) ( JJ performer ) ) ) ) )

Colgate 's household products business which includes such brands as Fab laundry detergent and Ajax cleanser has been a weak performer


( S ( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP estimate ) ( SBAR ( S ( NP-SBJ ( NP ( NP ( NNP Colgate ) ( POS 's ) ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( NN household ) ( NNS products ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ flat ) ) ( PP-TMP ( IN for ) ( NP ( DT the ) ( NN quarter ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD estimated ) ( NP ( VBG operating ) ( NNS margins ) ) ( PP-CLR ( IN at ) ( NP ( QP ( RB only ) ( CD 1 ) ( NN % ) ( TO to ) ( CD 3 ) ( NN % ) ) ) ) ) ) )

Analysts estimate Colgate 's sales of household products in the U.S. were flat for the quarter and they estimated operating margins at only 1 % to 3 %


( SINV ( S-TPC-3 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( MD could ) ( VP ( VB say ) ( SBAR ( S ( NP-SBJ ( NP ( PRP$ their ) ( NN business ) ) ( PP-LOC-2 ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ( VP ( VBD was ) ( ADJP-PRD-1 ( JJ mediocre ) ) ) ) ( CC but ) ( S ( ADJP=1 ( RB great ) ) ( ADVP=2 ( RB everywhere ) ( RB else ) ) ) ) ) ) ) ) ( NP-SBJ ( IN that ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ fine ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Bonita ) ( NNP Austin ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP-LOC ( IN with ) ( NP ( NNP Wertheim ) ( NNP Schroder ) ( CC & ) ( NNP Co ) ) ) ) ) )

If you could say their business in the U.S. was mediocre but great everywhere else that would be fine says Bonita Austin an analyst with Wertheim Schroder & Co


( S ( CC But ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( RB not ) ( ADJP-PRD ( JJ mediocre ) ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( JJ real ) ( NN problem ) ) ) ) )

But it 's not mediocre it 's a real problem


( S ( NP-SBJ ( NNP Mr. ) ( NNP Mark ) ) ( VP ( VBD conceded ) ( SBAR ( DT that ) ( S ( NP-SBJ ( NP ( NP ( NNP Colgate ) ( POS 's ) ) ( JJ domestic ) ( NN business ) ) ( ADVP ( RB apart ) ( PP ( IN from ) ( NP ( PRP$ its ) ( ADJP ( RB highly ) ( JJ profitable ) ) ( NP ( NNP Hill ) ( POS 's ) ) ( NNP Pet ) ( NNPS Products ) ( NN unit ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN lagged ) ) ) ) ) ) )

Mr. Mark conceded that Colgate 's domestic business apart from its highly profitable Hill 's Pet Products unit has lagged


( S ( S-TPC-2 ( NP-SBJ ( PRP We ) ) ( VP ( VBP 've ) ( VP ( VBN done ) ( NP ( DT a ) ( NN lot ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB improve ) ( NP ( NNP U.S. ) ( NNS results ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( DT a ) ( NN lot ) ( RBR more ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN done ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Mark ) ) ( VP ( VBD said ) ) )

We 've done a lot to improve U.S. results and a lot more will be done Mr. Mark said


( S ( S-NOM-SBJ ( VP ( VBG Improving ) ( NP ( NP ( NN profitability ) ) ( PP ( IN of ) ( NP ( NNP U.S. ) ( NNS operations ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT an ) ( ADJP ( RB extremely ) ( JJ high ) ) ( NN priority ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN company ) ) ) ) ) )

Improving profitability of U.S. operations is an extremely high priority in the company


( S ( S-PRP ( VP ( TO To ) ( VP ( VB focus ) ( PP-LOC-CLR ( IN on ) ( NP ( PRP$ its ) ( JJ global ) ( NNS consumer-products ) ( NN business ) ) ) ) ) ) ( NP-SBJ ( NNP Colgate ) ) ( VP ( VBD sold ) ( NP ( PRP$ its ) ( NNP Kendall ) ( NN health-care ) ( NN business ) ) ( PP-TMP ( IN in ) ( NP ( CD 1988 ) ) ) ) )

To focus on its global consumer-products business Colgate sold its Kendall health-care business in 1988


( S ( NP-SBJ ( NP ( NNP Sandoz ) ( NNP AG ) ) ( NP ( DT a ) ( JJ major ) ( NNP Swiss ) ( ADJP ( NN chemical ) ( CC and ) ( JJ pharmaceutical ) ) ( NN group ) ) ) ( VP ( VBD said ) ( SBAR ( DT that ) ( S ( NP-SBJ ( PRP$ its ) ( NN group ) ( NNS sales ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 25 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 9.482 ) ( CD billion ) ) ( NNS francs ) ) ( PRN ( NP ( QP ( CD 5.80 ) ( CD billion ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ first ) ( CD nine ) ( NNS months ) ) ( PP ( IN of ) ( NP ( DT this ) ( NN year ) ) ) ) ) ( PP ( IN with ) ( NP ( NP ( JJ strong ) ( NNS gains ) ) ( PP-LOC ( IN in ) ( NP ( DT all ) ( NNS divisions ) ) ) ) ) ) ) ) ) )

Sandoz AG a major Swiss chemical and pharmaceutical group said that its group sales rose 25 % to 9.482 billion francs 5.80 billion in the first nine months of this year with strong gains in all divisions


( S ( ADVP-TMP ( NP ( DT A ) ( NN year ) ) ( JJR earlier ) ) ( NP-SBJ ( NNS sales ) ) ( VP ( VBD totaled ) ( NP ( QP ( CD 7.567 ) ( CD billion ) ) ( NNS francs ) ) ) )

A year earlier sales totaled 7.567 billion francs


( S ( NP-SBJ ( NP ( JJ Positive ) ( NN currency ) ( NNS rates ) ) ( CC and ) ( NP ( JJ strong ) ( NNS sales ) ( NN growth ) ) ) ( VP ( VBD led ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( JJ substantial ) ( NN rise ) ) ( PP-LOC ( IN in ) ( NP ( JJ consolidated ) ( NN profit ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN period ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB provide ) ( NP ( NNS figures ) ) ( SBAR ( IN as ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( JJ customary ) ) ( PP ( IN with ) ( NP ( NNP Swiss ) ( NNS companies ) ) ) ) ) ) ) ) ) ) ) )

Positive currency rates and strong sales growth led to a substantial rise in consolidated profit in the period although the company did n't provide figures as is customary with Swiss companies


( S ( NP-SBJ ( NNP Sandoz ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ expects ) ( NP ( NP ( DT a ) ( JJ substantial ) ( NN increase ) ) ( PP-LOC ( IN in ) ( NP ( JJ consolidated ) ( NN profit ) ) ) ( PP-TMP ( IN for ) ( NP ( DT the ) ( JJ full ) ( NN year ) ) ) ) ( S-SBJ ( VP ( VBG barring ) ( NP ( JJ major ) ( NN currency ) ( NN rate ) ( NNS changes ) ) ) ) ) ) ) ) )

Sandoz said it expects a substantial increase in consolidated profit for the full year barring major currency rate changes


( S ( NP-SBJ ( NP ( NNP Unilab ) ( NNP Corp. ) ) ( NP ( NP ( NNP Norcross ) ) ( NP ( NNP Ga. ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD acquired ) ( NP ( NP ( DT the ) ( JJ clinical ) ( NNS laboratories ) ) ( PP ( IN of ) ( NP ( ADJP ( RB closely ) ( VBN held ) ) ( NNP Central ) ( NNP Diagnostic ) ( NNP Laboratory ) ( NNP Inc. ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN cash ) ( CC and ) ( NNS securities ) ( NN transaction ) ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 85 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) )

Unilab Corp. Norcross Ga. said it acquired the clinical laboratories of closely held Central Diagnostic Laboratory Inc. in a cash and securities transaction valued at 85 million


( S ( NP-SBJ ( NNP Unilab ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( ADJP ( RB wholly ) ( VBN owned ) ) ( NNP MetWest ) ( NNP Inc. ) ( NN unit ) ) ( VP ( VP ( VBD paid ) ( NP ( NP ( QP ( CD 25 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NN cash ) ) ) ) ) ( VP ( VBN provided ) ( NP ( NP ( NP ( QP ( CD 30 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS notes ) ) ) ) ( CC and ) ( NP ( NP ( QP ( CD 30 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( VBN preferred ) ( NN stock ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( NP ( NNP Central ) ( POS 's ) ) ( NNS labs ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Western ) ( NNP U.S. ) ) ) ) ) ) ) ) ) ) ) )

Unilab said its wholly owned MetWest Inc. unit paid 25 million in cash provided 30 million in notes and 30 million in preferred stock to acquire Central 's labs in the Western U.S.


( S ( NP-SBJ ( NP ( NNP Unilab ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ provides ) ( NP ( JJ clinical ) ( NN laboratory ) ( NNS services ) ) ) ) ) ) ( VP ( VBD competed ) ( PP-CLR ( IN with ) ( NP ( NP ( NNP Central ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Tarzana ) ) ( NP ( NNP Calif. ) ) ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN number ) ) ( PP ( IN of ) ( NP ( NNS areas ) ) ) ) ) ) )

Unilab which provides clinical laboratory services competed with Central based in Tarzana Calif. in a number of areas


( SINV ( S-TPC-1 ( PP ( IN Beyond ) ( S-NOM ( VP ( VBG removing ) ( NP ( DT a ) ( NN competitor ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( NN combination ) ) ( VP ( MD should ) ( VP ( VB provide ) ( NP ( NNS synergies ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Fred ) ( NNP Harlow ) ) ( NP ( NP ( NNP Unilab ) ( POS 's ) ) ( NN chief ) ( JJ financial ) ( NN officer ) ) ) )

Beyond removing a competitor the combination should provide synergies said Fred Harlow Unilab 's chief financial officer


( S ( NP-SBJ ( PRP It ) ) ( ADVP ( RB also ) ) ( VP ( MD will ) ( VP ( VB hand ) ( NP ( NNP Unilab ) ) ( NP ( JJ new ) ( NNS markets ) ) ) ) )

It also will hand Unilab new markets


( S ( PP-LOC ( IN In ) ( NP ( NNP Los ) ( NNP Angeles ) ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( NP-SBJ ( NNP Central ) ) ( VP ( VBZ has ) ( VP ( VBN had ) ( NP ( DT a ) ( JJ strong ) ( NN market ) ( NN position ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NP ( NNP Unilab ) ( POS 's ) ) ( NN presence ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( RBR less ) ( JJ prominent ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NNP Mr. ) ( NNP Harlow ) ) ) ) ) ) )

In Los Angeles for example Central has had a strong market position while Unilab 's presence has been less prominent according to Mr. Harlow


( S ( NP-SBJ ( DT The ) ( NNP National ) ( NNP Aeronautics ) ( CC and ) ( NNP Space ) ( NNP Administration ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT a ) ( NN computer ) ( NN virus ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN infected ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS networks ) ) ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( VP ( VBG spreading ) ( NP ( NP ( JJ anti-nuclear ) ( NNS messages ) ) ( VP ( VBN related ) ( PP-CLR ( TO to ) ( NP ( NP ( PRP$ its ) ( NNP Galileo ) ( NN space ) ( NN probe ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ is ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN launched ) ( NP-TMP ( NN today ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The National Aeronautics and Space Administration said a computer virus has infected one of its networks and is spreading anti-nuclear messages related to its Galileo space probe which is to be launched today


( S ( NP-SBJ ( NP ( NNP Charles ) ( NNP Redmond ) ) ( NP ( DT a ) ( NNP NASA ) ( NN spokesman ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( VP ( VBD discovered ) ( NP ( DT the ) ( NN virus ) ) ( PP-TMP ( IN on ) ( NP ( NNP Monday ) ) ) ( PP-LOC-CLR ( IN on ) ( NP ( NP ( DT the ) ( NN collection ) ) ( PP ( IN of ) ( NP ( NP ( NN computer ) ( NNS networks ) ) ( VP ( ADVP-MNR ( RB collectively ) ) ( VBN called ) ( S ( NP-PRD ( NN Internet ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD expected ) ( S ( NP-SBJ-1 ( CD 100 ) ( NN university ) ( NNS centers ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN infected ) ( PP-TMP ( IN by ) ( NP ( NN today ) ) ) ) ) ) ) ) ) ) ) ) )

Charles Redmond a NASA spokesman said the agency discovered the virus on Monday on the collection of computer networks collectively called Internet and expected 100 university centers to be infected by today


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( DT the ) ( NN network ) ) ( VP ( VBZ is ) ( RB n't ) ( VP ( VBN connected ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN computer ) ( NNS systems ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP operate ) ( NP ( DT either ) ( NP ( NP ( NNP Galileo ) ) ( CC or ) ( NP ( DT the ) ( NN shuttle ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN network ) ) ) ) ( VP ( MD will ) ( VP ( VB carry ) ( NP ( NP ( NNS analyses ) ) ( PP ( IN of ) ( NP ( NNP Galileo ) ( NNS data ) ) ) ) ( SBAR-TMP ( IN once ) ( S ( NP-SBJ ( DT the ) ( NN craft ) ) ( VP ( VBZ gets ) ( ADJP-PRD ( JJ spaceborn ) ) ) ) ) ) ) )

Although the network is n't connected to the computer systems that operate either Galileo or the shuttle part of the network will carry analyses of Galileo data once the craft gets spaceborn


( S ( NP-SBJ ( NNP Mr. ) ( NNP Redmond ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ ( DT the ) ( NN intruder ) ) ( VP ( VBD had ) ( RB n't ) ( ADVP-TMP ( RB yet ) ) ( VP ( VBN done ) ( NP ( DT any ) ( NN harm ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( VBD feared ) ( SBAR ( S ( NP-SBJ-1 ( NN garbage ) ( NNS data ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN substituted ) ( PP-CLR ( IN for ) ( NP ( JJ real ) ( NNS data ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Redmond said the intruder had n't yet done any harm but the agency feared garbage data could be substituted for real data


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD estimated ) ( SBAR ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( MD could ) ( VP ( VB take ) ( NP-TMP-CLR ( DT a ) ( NN day ) ) ( SBAR-1 ( IN for ) ( S ( NP-SBJ ( DT a ) ( NN computer ) ( NN security ) ( NN manager ) ) ( VP ( TO to ) ( VP ( VB expunge ) ( NP ( DT the ) ( NN virus ) ) ( PP-CLR ( IN from ) ( NP ( DT a ) ( NN computer ) ( NN system ) ) ) ) ) ) ) ) ) ) ) ) )

He estimated it could take a day for a computer security manager to expunge the virus from a computer system


( S ( NP-SBJ-3 ( NP ( DT The ) ( NN intruder ) ) ( PP-LOC ( IN among ) ( NP ( NP ( DT the ) ( JJS broadest ) ( RB yet ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB hit ) ( NP ( DT a ) ( NN research ) ( NN network ) ) ) ) ) ) ) ) ) ( VP ( VBD appeared ) ( S ( VP ( TO to ) ( VP ( VB affect ) ( NP ( NP ( JJ only ) ( NNP Digital ) ( NNP Equipment ) ( NNP Corp. ) ( NN hardware ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ uses ) ( NP ( NP ( NNP Digital ) ( POS 's ) ) ( NNP VAX\/VMS ) ( VBG operating ) ( NN system ) ) ) ) ) ) ) ) ) ) )

The intruder among the broadest yet to hit a research network appeared to affect only Digital Equipment Corp. hardware that uses Digital 's VAX\/VMS operating system


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ unrelated ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( JJ much-publicized ) ( NN virus ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-TMP ( JJ last ) ( NN year ) ) ( VP ( VBD infected ) ( NP ( NP ( NNP Arpanet ) ) ( NP ( NP ( DT a ) ( ADJP ( RB much ) ( JJR larger ) ) ( NN network ) ) ( VP ( VBN used ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS researchers ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NP ( NNS universities ) ) ( NP ( NNS laboratories ) ) ( CC and ) ( NP ( NN government ) ( NNS agencies ) ) ) ( PP-LOC ( IN around ) ( NP ( DT the ) ( NN world ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It is unrelated to the much-publicized virus that last year infected Arpanet a much larger network used by researchers at universities laboratories and government agencies around the world


( S ( S-TPC-1 ( PP ( IN In ) ( NP ( NP ( DT the ) ( NN lingo ) ) ( PP ( IN of ) ( NP ( NN computer ) ( NN security ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP NASA ) ( NN intruder ) ) ( VP ( VBZ is ) ( ADVP ( RB technically ) ) ( NP-PRD ( DT a ) ( NN computer ) ( NN worm ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Redmond ) ) ( VP ( VBD said ) ) )

In the lingo of computer security the NASA intruder is technically a computer worm Mr. Redmond said


( S ( NP-SBJ ( DT A ) ( NN worm ) ) ( VP ( VP ( VBZ resides ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( DT the ) ( VBG operating ) ( NN system ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN computer ) ) ) ) ) ) ( CC and ) ( VP ( VBZ spreads ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG boring ) ( PP ( IN into ) ( NP ( NP ( JJ other ) ( NNS computers ) ) ( VP ( VBN contacted ) ( PP-MNR ( IN through ) ( NP ( NNS networks ) ) ) ) ) ) ) ) ) ) ) )

A worm resides in the operating system of a computer and spreads by boring into other computers contacted through networks


( S ( S-TPC-2 ( NP-SBJ-1 ( DT The ) ( NNP Galileo ) ( NN worm ) ) ( ADVP ( RB apparently ) ) ( VP ( VBD was ) ( VP ( VBN hatched ) ( PP-LOC ( IN on ) ( NP ( NP ( NP ( DT a ) ( NN computer ) ) ( PP-LOC ( IN in ) ( NP ( NNP France ) ) ) ) ( VP ( VBD hooked ) ( PRT ( RP up ) ) ( PP ( TO to ) ( NP ( NP ( NNP NASA ) ( POS 's ) ) ( NNP Space ) ( NNP Physics ) ( NNP Analysis ) ( NNP Network ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Redmond ) ) ( VP ( VBD said ) ) )

The Galileo worm apparently was hatched on a computer in France hooked up to NASA 's Space Physics Analysis Network Mr. Redmond said


( S ( NP-SBJ ( NNP NASA ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Galileo ) ( NN worm ) ) ( VP ( VBD had ) ( RB n't ) ( VP ( VBN affected ) ( NP ( NP ( PRP$ its ) ( NNS computers ) ) ( CC or ) ( NP ( NP ( DT the ) ( NNS computers ) ) ( PP ( IN of ) ( NP ( JJ other ) ( NN government ) ( NNS agencies ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD had ) ( VP ( VBN modified ) ( NP-1 ( PRP$ their ) ( NNS systems ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB reject ) ( NP ( NNS worms ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

NASA said the Galileo worm had n't affected its computers or the computers of other government agencies because they had modified their systems to reject worms


( S ( CC But ) ( NP-SBJ ( NNP Mr. ) ( NNP Redmond ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN worm ) ) ( VP ( VBD hit ) ( NP ( NP ( NNS universities ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD had ) ( RB n't ) ( VP ( VBN elected ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( DT the ) ( NNS changes ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But Mr. Redmond said the worm hit universities that had n't elected to make the changes


( S ( NP-SBJ ( NP ( NNP Michael ) ( NNP Alexander ) ) ( NP ( NP ( DT a ) ( JJ senior ) ( NN editor ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Computerworld ) ) ( NP ( DT a ) ( NN trade ) ( NN publication ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD was ) ( VP ( VBN told ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN worm ) ) ( VP ( VBZ gets ) ( PP-CLR ( IN into ) ( NP ( DT a ) ( NN computer ) ( NN center ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG looking ) ( PP-CLR ( IN for ) ( NP ( NP ( JJ obvious ) ( NNS passwords ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNS ones ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBP are ) ( NP-PRD ( DT the ) ( ADJP ( JJ same ) ( PP ( IN as ) ( NP ( NP ( DT the ) ( NN user ) ( POS 's ) ) ( NN name ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Michael Alexander a senior editor at Computerworld a trade publication said he was told that the worm gets into a computer center by looking for obvious passwords such as ones that are the same as the user 's name


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VP ( VBZ finds ) ( NP ( CD one ) ) ) ( CC and ) ( VP ( VBZ gets ) ( PP-CLR ( IN into ) ( NP ( DT the ) ( NN system ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB display ) ( NP ( NP ( DT a ) ( NN screen ) ) ) ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ ( DT a ) ( NN user ) ) ( VP ( VBZ logs ) ( PRT ( RP on ) ) ) ) ) ( SBAR-1 ( WHNP-2 ( DT that ) ) ( S ( VP ( VBZ says ) ( NP ( NP ( NNPS Worms ) ) ( PP ( NNP Against ) ( NP ( NNP Nuclear ) ( NNPS Killers ) ) ) ) ) ) ) ) ) )

If it finds one and gets into the system it will display a screen when a user logs on that says Worms Against Nuclear Killers


( S ( NP-SBJ ( PRP You ) ) ( VP ( VP ( VBP talk ) ( PP ( IN of ) ( NP ( NP ( NNS times ) ) ( PP ( IN of ) ( NP ( NP ( NN peace ) ) ( PP ( IN for ) ( NP ( DT all ) ) ) ) ) ) ) ) ( CC and ) ( ADVP ( RB then ) ) ( VP ( VBP prepare ) ( PP-CLR ( IN for ) ( NP ( NN war ) ) ) ) ) )

You talk of times of peace for all and then prepare for war


( S-1 ( PP ( IN In ) ( NP ( NN addition ) ) ) ( PRN ( NP-SBJ ( NNP Mr. ) ( NNP Alexander ) ) ( VP ( VBD said ) ) ) ( NP-SBJ ( DT the ) ( NN worm ) ) ( VP ( VBZ sends ) ( NP ( NP ( JJ strange ) ( NNS messages ) ) ) ( PP-DTV ( TO to ) ( NP ( NP ( JJ other ) ( NNS machines ) ) ( PP ( IN at ) ( NP ( DT the ) ( NN center ) ) ) ) ) ( PP-2 ( JJ such ) ( IN as ) ( S ( S ( NP-SBJ ( NNP George ) ( NNP Orwell ) ) ( VP ( VBD was ) ( NP-PRD ( DT an ) ( NN optimist ) ) ) ) ( CC or ) ( S ( VP ( VB Do ) ( RB n't ) ( VP ( VB feed ) ( NP ( DT the ) ( NNS bats ) ) ( NP-TMP ( RB tonight ) ) ) ) ) ) ) ) )

In addition Mr. Alexander said the worm sends strange messages to other machines at the center such as George Orwell was an optimist or Do n't feed the bats tonight


( S ( NP-SBJ ( DT The ) ( NN worm ) ) ( ADVP ( RB also ) ) ( VP ( VBZ looks ) ( PP-CLR ( IN for ) ( NP ( NP ( JJ elementary ) ( NNS passwords ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP confer ) ( NP ( JJR more ) ( NNS privileges ) ) ( PP-LOC-CLR ( IN on ) ( NP ( DT the ) ( NN user ) ) ) ) ) ) ) ) ) )

The worm also looks for elementary passwords that confer more privileges on the user


( S ( NP-SBJ-4 ( DT The ) ( NNS passwords ) ) ( VP ( VP ( VBP are ) ( VP ( VBN included ) ( PP-LOC-CLR ( IN in ) ( NP ( DT the ) ( NN system ) ( NN software ) ) ) ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBN installed ) ) ) ) ) ) ) ( CC but ) ( VP ( VBP are ) ( VP ( VBN supposed ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN replaced ) ( ADVP-TMP ( ADVP ( RB as ) ( RB soon ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN system ) ) ( VP ( VBZ is ) ( UCP-PRD ( ADJP-PRD ( IN up ) ) ( CC and ) ( VP ( VBG running ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The passwords are included in the system software when it is installed but are supposed to be replaced as soon as the system is up and running


( S-1 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ finds ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( DT those ) ( NNS passwords ) ) ) ) ) ) ) ( PRN ( NP-SBJ ( NNP Mr. ) ( NNP Alexander ) ) ( VP ( VBD said ) ) ) ( NP-SBJ-2 ( DT the ) ( NN worm ) ) ( VP ( MD will ) ( VP ( VB do ) ( NP ( NP ( JJ such ) ( NNS things ) ) ( PP ( IN as ) ( S ( VP ( NN change ) ( NP ( NP ( NNS users ) ( POS ' ) ) ( NNS passwords ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( NN series ) ) ( PP ( IN of ) ( NP ( JJ random ) ( NNS numbers ) ) ) ) ) ( S-ADV ( VP ( VBG preventing ) ( NP ( PRP them ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG signing ) ( PRT ( RP on ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN network ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

If it finds one of those passwords Mr. Alexander said the worm will do such things as change users ' passwords to a series of random numbers preventing them from signing on to the network


( S ( NP-SBJ ( NNP NASA ) ) ( VP ( VBD estimated ) ( SBAR ( IN that ) ( S ( PP-TMP ( IN on ) ( NP ( NNP Monday ) ) ) ( NP-SBJ-1 ( IN about ) ( CD four ) ( NN computer ) ( NNS centers ) ) ( VP ( VBD were ) ( VP ( VBN affected ) ) ) ) ) ) )

NASA estimated that on Monday about four computer centers were affected


( S ( S ( NP-TMP ( NN Yesterday ) ) ( NP-SBJ ( DT the ) ( NN number ) ) ( VP ( VBD grew ) ( PP-DIR ( TO to ) ( NP ( CD 40 ) ) ) ) ) ( S ( NP-TMP ( NN today ) ) ( NP-SBJ-1 ( DT the ) ( NN number ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB grow ) ( PP-DIR ( TO to ) ( NP ( CD 100 ) ) ) ) ) ) ) ) ) )

Yesterday the number grew to 40 today the number is expected to grow to 100


( S ( NP-SBJ ( NNP NASA ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB take ) ( NP ( IN about ) ( DT a ) ( NN week ) ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ knows ) ( NP ( NP ( SBAR ( WHNP-2 ( NP ( RB exactly ) ( WRB how ) ( JJ many ) ( NNS centers ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( CD 6,000 ) ) ( VP ( VBN connected ) ( PP-CLR ( TO to ) ( NP ( NNP Internet ) ) ) ) ) ) ) ( S ( VP ( VBD were ) ( VP ( VBN affected ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN extent ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN damage ) ) ) ( SBAR ( IN if ) ( FRAG ( NP ( DT any ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

NASA said it will take about a week before it knows exactly how many centers of the 6,000 connected to Internet were affected and the extent of the damage if any