( S ( NP-SBJ ( DT The ) ( NNP DARPA ) ( NNS funds ) ) ( VP ( VBP are ) ( NP-PRD ( DT a ) ( NN pittance ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( NP ( NNP Japan ) ) ( CC and ) ( NP ( JJ other ) ( JJ prospective ) ( NNS competitors ) ) ) ( VP ( VBP are ) ( VP ( VBG spending ) ) ) ) ) ) ) ) )

The DARPA funds are a pittance compared with what Japan and other prospective competitors are spending


( S ( NP-SBJ ( DT The ) ( NNP Commerce ) ( NNP Department ) ) ( VP ( VBZ estimates ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( JJ Japanese ) ( NN government ) ( CC and ) ( NN industry ) ( NN spending ) ) ( PP ( IN on ) ( NP ( NN HDTV ) ( NN research ) ) ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB already ) ) ( PP-PRD ( IN over ) ( NP ( QP ( CD 1 ) ( CD billion ) ) ) ) ) ) ) ) )

The Commerce Department estimates that Japanese government and industry spending on HDTV research is already over 1 billion


( SINV ( S-TPC-1 ( SBAR-ADV ( IN Unless ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ gets ) ( NP ( JJR more ) ( NN help ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP U.S. ) ( NN industry ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB have ) ( NP ( DT a ) ( NN chance ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Peter ) ( NNP Friedman ) ) ( NP ( NP ( NNP Photonics ) ( POS 's ) ) ( NN executive ) ( NN vice ) ( NN president ) ) ) )

Unless it gets more help the U.S. industry wo n't have a chance says Peter Friedman Photonics 's executive vice president


( S ( ADVP-TMP ( RB Thus ) ( RB far ) ) ( NP-SBJ ( NP ( RB almost ) ( DT all ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ basic ) ( NN technology ) ) ( VP ( VBG relating ) ( PP ( TO to ) ( NP ( JJ high-definition ) ( NN television ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN come ) ( PP-CLR ( IN from ) ( NP ( NNP U.S. ) ( NNS laboratories ) ) ) ) ) )

Thus far almost all of the basic technology relating to high-definition television has come from U.S. laboratories


( S ( CC But ) ( NP-SBJ ( NP ( NNP Peter ) ( NNP Brody ) ) ( NP ( NP ( NNP Magnascreen ) ( POS 's ) ) ( NN president ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( JJ Japanese ) ( NNS companies ) ) ( VP ( VBP are ) ( VP ( VBN poised ) ( S ( VP ( TO to ) ( VP ( VP ( VB snatch ) ( NP ( DT the ) ( NN technology ) ) ) ( CC and ) ( VP ( VBD put ) ( NP ( PRP it ) ) ( PP-PUT ( TO to ) ( NP ( JJ commercial ) ( NN use ) ) ) ) ) ( SBAR-ADV ( RB just ) ( IN as ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD did ) ( PP-CLR ( IN with ) ( NP ( NP ( JJR earlier ) ( NNP U.S. ) ( NNS innovations ) ) ( PP ( IN in ) ( NP ( NP ( NN color ) ( NN television ) ) ( CC and ) ( NP ( NN video ) ( NN recording ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But Peter Brody Magnascreen 's president says Japanese companies are poised to snatch the technology and put it to commercial use just as they did with earlier U.S. innovations in color television and video recording


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( NNS 1970s ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Brody ) ) ( VP ( VBD helped ) ( S ( VP ( VB develop ) ( NP ( NP ( DT the ) ( JJ first ) ( NN display ) ( NNS panels ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN on ) ( NP ( NN active-matrix ) ( NN liquid ) ( NNS crystals ) ) ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NP ( NNP Westinghouse ) ( NNP Electric ) ( NNP Corp. ) ( POS 's ) ) ( NN research ) ( NNS labs ) ) ( PP-LOC ( IN in ) ( NP ( NNP Pittsburgh ) ) ) ) ) ) ) ) )

In the 1970s Mr. Brody helped develop the first display panels based on active-matrix liquid crystals at Westinghouse Electric Corp. 's research labs in Pittsburgh


( S ( NP-SBJ ( DT The ) ( NNS panels ) ) ( VP ( VBP are ) ( PP-PRD ( IN like ) ( NP ( NP ( JJ oversized ) ( NNS semiconductors ) ) ( VP ( VBN surfaced ) ( PP-CLR ( IN with ) ( NP ( NP ( QP ( DT a ) ( CD million ) ( CC or ) ( JJR more ) ) ( NN picture ) ( NNS elements ) ) ( NP ( NP ( DT each ) ) ( VP ( VBG contributing ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN color ) ( CC and ) ( NN tone ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN TV ) ( NN image ) ) ) ) ) ) ) ) ) ) ) ) ) )

The panels are like oversized semiconductors surfaced with a million or more picture elements each contributing to the color and tone of a TV image


( S ( PP-TMP ( IN In ) ( NP ( CD 1979 ) ) ) ( ADVP ( RB however ) ) ( NP-SBJ ( NNP Westinghouse ) ) ( VP ( VBD abandoned ) ( NP ( DT the ) ( NN project ) ) ( PP ( IN along ) ( PP ( IN with ) ( NP ( NP ( PRP$ its ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( JJ advanced ) ( NN television ) ) ) ) ) ) ) )

In 1979 however Westinghouse abandoned the project along with its stake in advanced television


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Brody ) ) ( VP ( VBD left ) ( NP ( DT the ) ( NN company ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB find ) ( NP ( JJ other ) ( NNS backers ) ) ) ) ) ) )

Mr. Brody left the company to find other backers


( S ( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( NN claim ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN right ) ( S ( VP ( TO to ) ( VP ( VB commercialize ) ( NP ( DT the ) ( NNP Westinghouse ) ( NNS patents ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ contends ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT those ) ( NNS patents ) ) ( VP ( VBP are ) ( VP ( VBG being ) ( VP ( VBN infringed ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( NN number ) ) ( PP ( IN of ) ( NP ( JJ Japanese ) ( NNS producers ) ) ) ) ) ) ) ) ) ) ) ) )

He has a claim to the right to commercialize the Westinghouse patents but he contends that those patents are being infringed by a number of Japanese producers


( S ( S-TPC-1 ( NP-SBJ ( JJS Most ) ( JJ American ) ( NNS investors ) ) ( VP ( VBP have ) ( ADVP ( RB just ) ) ( VP ( VBN given ) ( PRT ( RP up ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Brody ) ) ( VP ( VBZ says ) ) )

Most American investors have just given up Mr. Brody says


( S ( NP-SBJ-1 ( PRP They ) ) ( VP ( VBP are ) ( RB n't ) ( ADJP-PRD ( JJ prepared ) ( S ( VP ( TO to ) ( VP ( VB compete ) ( PP-LOC ( IN in ) ( NP ( NP ( DT an ) ( NN area ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ-3 ( DT the ) ( NNPS Japanese ) ) ( VP ( VBP want ) ( S ( VP ( TO to ) ( VP ( VB enter ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

They are n't prepared to compete in an area where the Japanese want to enter


( S ( S ( NP-SBJ ( JJ Many ) ( NNS critics ) ) ( VP ( VBP question ) ( NP ( NP ( NP ( DT the ) ( NN industry ) ( POS 's ) ) ( NN need ) ) ( PP ( IN for ) ( NP ( JJ federal ) ( NN support ) ) ) ) ) ) ( S ( NP-SBJ ( DT the ) ( NNP Pentagon ) ) ( VP ( VBZ justifies ) ( NP ( PRP$ its ) ( NN help ) ) ( PP ( IN on ) ( NP ( NN national-security ) ( NNS grounds ) ) ) ) ) )

Many critics question the industry 's need for federal support the Pentagon justifies its help on national-security grounds


( SINV ( S-TPC-1 ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB see ) ( NP ( NP ( DT a ) ( JJ domestic ) ( NN source ) ) ( PP ( IN for ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( NN HDTV ) ( NNS requirements ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( NN source ) ) ( PP ( IN of ) ( NP ( NN concern ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Michael ) ( NNP Kelly ) ) ( NP ( NP ( NN director ) ) ( PP ( IN of ) ( NP ( NP ( NNP DARPA ) ( POS 's ) ) ( NN defense ) ( NN manufacturing ) ( NN office ) ) ) ) ) )

We do n't see a domestic source for some of our HDTV requirements and that 's a source of concern says Michael Kelly director of DARPA 's defense manufacturing office


( S ( ADVP ( RB So ) ) ( NP-SBJ-1 ( NNP DARPA ) ) ( VP ( VBZ is ) ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB keep ) ( S ( NP-SBJ ( DT the ) ( NN industry ) ) ( ADJP-PRD ( JJ interested ) ( PP ( IN in ) ( S-NOM ( VP ( VBG developing ) ( NP ( JJ large ) ( NN display ) ( NNS panels ) ) ) ) ) ) ) ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG doling ) ( PRT ( RP out ) ) ( NP ( NN research ) ( NNS funds ) ) ) ) ) ) ) )

So DARPA is trying to keep the industry interested in developing large display panels by doling out research funds


( S ( NP-SBJ ( NN HDTV ) ) ( ADVP-TMP ( RB already ) ) ( VP ( VBZ has ) ( NP ( NP ( DT some ) ( JJ military ) ( NNS applications ) ) ( PP ( JJ such ) ( IN as ) ( S-NOM ( VP ( VP ( VBG creating ) ( NP ( JJ realistic ) ( NN flight ) ( NNS simulations ) ) ) ( CC and ) ( VP ( VBG transmitting ) ( NP ( NN information ) ) ( PP-CLR ( TO to ) ( NP ( NN combat ) ( NNS commanders ) ) ) ) ) ) ) ) ) )

HDTV already has some military applications such as creating realistic flight simulations and transmitting information to combat commanders


( S ( S ( NP-SBJ ( DT The ) ( NNP Navy ) ) ( VP ( VBZ is ) ( VP ( VBG ordering ) ( NP ( NNS displays ) ) ( PP-BNF ( IN for ) ( NP ( PRP$ its ) ( NNP Aegis ) ( NNS cruisers ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NNP Army ) ) ( VP ( VBZ wants ) ( NP ( NP ( JJR smaller ) ( NNS versions ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( NNP Abrams ) ( NN battle ) ( NNS tanks ) ) ) ) ) ) )

The Navy is ordering displays for its Aegis cruisers and the Army wants smaller versions for its Abrams battle tanks


( S ( NP-SBJ-2 ( DT The ) ( NNP Commerce ) ( NNP Department ) ) ( ADVP ( RB also ) ) ( VP ( VBZ is ) ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB encourage ) ( NP ( NN HDTV ) ) ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( NNS benefits ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD could ) ( VP ( VB spin ) ( ADVP ( RB off ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN semiconductor ) ( CC and ) ( NN computer ) ( NNS industries ) ) ) ) ) ) ) ) ) ) ) )

The Commerce Department also is trying to encourage HDTV because of the benefits that could spin off to the semiconductor and computer industries


( SINV ( S-TPC-1 ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ( RB n't ) ( NP-PRD ( RB just ) ( NN yuppie ) ( NN television ) ) ) ) ( VP ( VBZ argues ) ) ( NP-SBJ ( NP ( NNP Jack ) ( NNP Clifford ) ) ( NP ( NP ( NN director ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN department ) ( POS 's ) ) ( NN office ) ) ( PP ( IN of ) ( NP ( NNS microelectronics ) ( CC and ) ( NN instrumentation ) ) ) ) ) ) ) )

It is n't just yuppie television argues Jack Clifford director of the department 's office of microelectronics and instrumentation


( S ( NP-SBJ ( DT The ) ( NN industry ) ) ( VP ( MD will ) ( VP ( VB create ) ( NP ( NP ( JJ industrial ) ( NNS products ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNS displays ) ) ( PP ( IN for ) ( NP ( NP ( NN work ) ( NNS stations ) ) ( CC and ) ( NP ( JJ medical ) ( JJ diagnostic ) ( NN equipment ) ) ) ) ) ) ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ acquires ) ( NP ( DT a ) ( NN mass ) ( NN consumer ) ( NN market ) ) ) ) ) ) ) )

The industry will create industrial products such as displays for work stations and medical diagnostic equipment before it acquires a mass consumer market


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( DT some ) ( NN HDTV ) ( NNS advocates ) ) ( VP ( VBP are ) ( VP ( VBG calling ) ( PP-CLR ( IN for ) ( NP ( NP ( JJ other ) ( NNS forms ) ) ( PP ( IN of ) ( NP ( NN aid ) ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( JJ antitrust ) ( NN relief ) ) ( PP ( IN for ) ( NP ( NN research ) ( NN consortia ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ small ) ( NNS firms ) ) ( ADVP ( RB simply ) ) ( VP ( MD would ) ( VP ( VB prefer ) ( NP ( JJR more ) ( NNP DARPA ) ( NNS funds ) ) ) ) )

Although some HDTV advocates are calling for other forms of aid such as antitrust relief for research consortia the small firms simply would prefer more DARPA funds


( S ( NP-SBJ-1 ( DT Each ) ) ( VP ( VP ( VBZ claims ) ( S ( VP ( TO to ) ( VP ( VB possess ) ( NP ( DT the ) ( JJ right ) ( NN technology ) ) ) ) ) ) ( CC and ) ( VP ( VBZ wants ) ( NP ( QP ( RB just ) ( DT a ) ( RB bit ) ( JJR more ) ) ( NN money ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB make ) ( S ( NP-SBJ ( PRP it ) ) ( ADJP-PRD ( JJ commercial ) ) ) ) ) ) ) ) )

Each claims to possess the right technology and wants just a bit more money to make it commercial


( S ( NP-SBJ ( PRP They ) ) ( ADVP ( RB also ) ) ( VP ( VBP want ) ( S ( NP-SBJ ( NNP U.S. ) ( NN trade ) ( NN policy ) ) ( VP ( TO to ) ( VP ( VB reflect ) ( NP ( NP ( NP ( DT the ) ( NNP Pentagon ) ( CC and ) ( NNP Commerce ) ( NN department ) ( POS 's ) ) ( NN concern ) ) ( PP ( IN over ) ( NP ( PRP$ their ) ( NN future ) ) ) ) ) ) ) ) )

They also want U.S. trade policy to reflect the Pentagon and Commerce department 's concern over their future


( S ( NP-SBJ ( NP ( PRP They ) ) ( NP ( DT all ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( RB strongly ) ( JJ opposed ) ( PP ( TO to ) ( NP ( NP ( DT a ) ( NN petition ) ) ( PP ( IN from ) ( NP ( NP ( JJ several ) ( JJ Japanese ) ( NN TV ) ( NNS manufacturers ) ) ( PP ( VBG including ) ( NP ( NNP Matsushita ) ( NNP Hitachi ) ( CC and ) ( NNP Toshiba ) ) ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB exempt ) ( NP ( NP ( JJ portable ) ( NN color ) ( NNS TVs ) ) ( PP ( IN with ) ( NP ( JJ liquid-crystal ) ( NNS displays ) ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( JJ anti-dumping ) ( NNS duties ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ) ( VP ( VBZ imposes ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( JJR larger ) ( JJ Japanese ) ( NN color ) ( NNS TVs ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

They all are strongly opposed to a petition from several Japanese TV manufacturers including Matsushita Hitachi and Toshiba to exempt portable color TVs with liquid-crystal displays from anti-dumping duties that the U.S. imposes on the larger Japanese color TVs


( S ( CC And ) ( NP-SBJ ( PRP they ) ) ( VP ( VBP want ) ( S ( NP-SBJ ( DT the ) ( NNP U.S. ) ) ( VP ( TO to ) ( VP ( VB help ) ( S ( NP-SBJ ( PRP them ) ) ( VP ( VB sell ) ( ADVP-LOC ( RB overseas ) ) ) ) ) ) ) ) )

And they want the U.S. to help them sell overseas


( S ( NP-SBJ ( NNP Planar ) ( NNP President ) ( NNP James ) ( NNP Hurd ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ has ) ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( NP ( NNS tariffs ) ) ( ADJP ( ADJP ( RB as ) ( JJ high ) ) ( PP ( IN as ) ( NP ( CD 15 ) ( NN % ) ) ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB sell ) ( NP ( PRP$ his ) ( NN display ) ( NNS panels ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Japan ) ) ( CC and ) ( NP ( NNP South ) ( NNP Korea ) ) ) ) ) ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NP ( NNS panels ) ) ( PP ( IN from ) ( NP ( DT those ) ( NNS countries ) ) ) ) ( VP ( VBP enter ) ( NP ( DT the ) ( NNP U.S. ) ) ( ADVP-MNR ( JJ duty-free ) ) ) ) ) ) ) ) )

Planar President James Hurd says he has to pay tariffs as high as 15 % to sell his display panels in Japan and South Korea while panels from those countries enter the U.S. duty-free


( S ( S-TPC-1 ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( RB n't ) ( NP-PRD ( NP ( DT a ) ( NN technology ) ( NN issue ) ) ( CC but ) ( NP ( DT an ) ( NN attitude ) ( NN issue ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

This is n't a technology issue but an attitude issue he says


( S ( NP-SBJ ( PRP We ) ) ( ADVP ( RB just ) ) ( VP ( VBP have ) ( RB n't ) ( VP ( VBN learned ) ( SBAR ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ takes ) ( S-PRP ( VP ( TO to ) ( VP ( VB compete ) ) ) ) ) ) ) ) ) )

We just have n't learned what it takes to compete


( S ( NP-SBJ ( NNP McCaw ) ( NNP Cellular ) ( NNPS Communications ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD obtained ) ( NP ( JJ firm ) ( NN financing ) ( NNS commitments ) ) ( PP ( IN from ) ( NP ( CD three ) ( JJ major ) ( NNS banks ) ) ) ( PP ( IN in ) ( NP ( NP ( NN regard ) ) ( PP ( TO to ) ( NP ( NP ( PRP$ its ) ( NN offer ) ) ( PP ( IN for ) ( NP ( NP ( CD 50.3 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NNP LIN ) ( NNP Broadcasting ) ( NNP Corp ) ) ) ) ) ) ) ) ) ) ) ) ) )

McCaw Cellular Communications Inc. said it obtained firm financing commitments from three major banks in regard to its offer for 50.3 % of LIN Broadcasting Corp


( S ( S-TPC-1 ( NP-SBJ ( NP ( NNP Morgan ) ( NNP Guaranty ) ( NNP Trust ) ) ( NP ( NNP Toronto-Dominion ) ( NNP Bank ) ) ( CC and ) ( NP ( NP ( NNP Provident ) ( NNP National ) ( NNP Bank ) ) ( NP ( NP ( DT an ) ( NN affiliate ) ) ( PP ( IN of ) ( NP ( NNP PNC ) ( NNP Financial ) ( NNP Corp. ) ) ) ) ) ) ( VP ( ADVP ( RB jointly ) ) ( VBD committed ) ( NP ( NP ( NP ( QP ( CD 1.2 ) ( CD billion ) ) ) ( PP ( IN of ) ( NP ( NN financing ) ) ) ) ( ADJP ( JJ subject ) ( PP ( TO to ) ( NP ( JJ certain ) ( NNS conditions ) ) ) ) ) ) ) ( NP-SBJ ( NNP McCaw ) ) ( VP ( VBD said ) ) )

Morgan Guaranty Trust Toronto-Dominion Bank and Provident National Bank an affiliate of PNC Financial Corp. jointly committed 1.2 billion of financing subject to certain conditions McCaw said


( S ( RBR Further ) ( NP-SBJ ( NNP McCaw ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS banks ) ) ( VP ( VBD expressed ) ( NP ( NN confidence ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN balance ) ) ( PP ( IN of ) ( NP ( DT the ) ( ADJP ( QP ( CD 4.5 ) ( CD billion ) ) ) ( NN bank ) ( NN facility ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN committed ) ( PP-TMP ( IN within ) ( NP ( DT the ) ( JJ next ) ( JJ several ) ( NNS weeks ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( NN syndicate ) ) ( PP ( IN of ) ( NP ( JJ foreign ) ( CC and ) ( JJ domestic ) ( NNS banks ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Further McCaw said the banks expressed confidence that the balance of the 4.5 billion bank facility will be committed within the next several weeks by a syndicate of foreign and domestic banks


( S ( NP-SBJ ( NP ( NNP Morgan ) ) ( NP ( NNP Toronto-Dominion ) ) ( CC and ) ( NP ( NNP Provident ) ) ) ( VP ( VBP are ) ( VP ( VBG leading ) ( NP ( DT that ) ( NN syndicate ) ) ) ) )

Morgan Toronto-Dominion and Provident are leading that syndicate


( S ( NP-SBJ-2 ( NNP McCaw ) ) ( VP ( VBZ is ) ( VP ( VBG offering ) ( S ( VP ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( QP ( CD 22 ) ( CD million ) ) ( NNS shares ) ) ( PP ( IN of ) ( NP ( NNP LIN ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( CD 125 ) ) ( NP-ADV ( DT each ) ) ( PP ( IN in ) ( NP ( NN cash ) ) ) ) ) ) ) ( SBAR-ADV ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD would ) ( VP ( VB result ) ( PP-CLR ( IN in ) ( S-NOM ( NP-SBJ ( NNP McCaw ) ) ( VP ( VBG owning ) ( NP ( NP ( CD 50.3 ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN cellular-phone ) ( CC and ) ( NN broadcasting ) ( NN concern ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

McCaw is offering to buy 22 million shares of LIN for 125 each in cash which would result in McCaw owning 50.3 % of the cellular-phone and broadcasting concern


( S ( NP-SBJ ( DT The ) ( NN offer ) ) ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( NN limbo ) ) ) ( ADVP ( RB however ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-1 ( NNP LIN ) ) ( VP ( VBZ has ) ( VP ( VBN agreed ) ( S ( VP ( TO to ) ( VP ( VB merge ) ( NP ( PRP$ its ) ( NN cellular-phone ) ( NNS businesses ) ) ( PP-CLR ( IN with ) ( NP ( NNP BellSouth ) ( NNP Corp ) ) ) ) ) ) ) ) ) ) ) )

The offer is in limbo however because LIN has agreed to merge its cellular-phone businesses with BellSouth Corp


( S ( PP-LOC ( IN In ) ( NP ( JJ national ) ( JJ over-the-counter ) ( NN trading ) ) ) ( NP-TMP ( NNP Friday ) ) ( NP-SBJ ( NNP LIN ) ( NNS shares ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 62.5 ) ( NNS cents ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB close ) ( PP-CLR ( IN at ) ( NP ( CD 110.625 ) ) ) ) ) ) ) )

In national over-the-counter trading Friday LIN shares rose 62.5 cents to close at 110.625


( S ( NP-SBJ ( NNP Beijing ) ( NNS lawmakers ) ) ( VP ( VBP have ) ( VP ( VBN called ) ( UCP ( SBAR ( IN for ) ( S ( NP-SBJ-3 ( NNS jails ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN built ) ( S-PRP ( VP ( TO to ) ( VP ( VB house ) ( NP ( NNS prostitutes ) ) ) ) ) ) ) ) ) ) ( CC and ) ( PP ( IN for ) ( NP ( NP ( JJ severe ) ( NN punishment ) ) ( PP ( VBG including ) ( NP ( DT the ) ( NN death ) ( NN sentence ) ) ) ( PP ( IN for ) ( NP ( NP ( NN anyone ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBZ induces ) ( CC or ) ( VBZ coerces ) ( NP ( NNS women ) ) ( PP-CLR ( IN into ) ( NP ( NN prostitution ) ) ) ) ) ) ) ) ) ) ) ) ) )

Beijing lawmakers have called for jails to be built to house prostitutes and for severe punishment including the death sentence for anyone who induces or coerces women into prostitution


( S ( NP-SBJ ( DT The ) ( JJ official ) ( NNP Xinhua ) ( NNP News ) ( NNP Agency ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( JJ municipal ) ( NN government ) ) ( VP ( VBD was ) ( VP ( VBG discussing ) ( NP ( NP ( DT a ) ( NN draft ) ( NN bill ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB give ) ( NP ( DT the ) ( NN capital ) ) ( NP ( PRP$ its ) ( JJ first ) ( JJ anti-prostitution ) ( NNS statutes ) ) ) ) ) ) ) ) ) ) ) ) )

The official Xinhua News Agency said the municipal government was discussing a draft bill to give the capital its first anti-prostitution statutes


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD quoted ) ( NP-2 ( NP ( NNP Liu ) ( NNP Changyi ) ) ( NP ( NP ( NN deputy ) ( NN director ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Beijing ) ( NNP Public ) ( NNP Security ) ( NNP Bureau ) ) ) ) ) ( PP-CLR ( IN as ) ( S-NOM ( VP ( VBG saying ) ( SBAR ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( ADJP ( RB many ) ( JJR more ) ) ( NNS people ) ) ( VP ( VBN involved ) ( PP-CLR ( IN in ) ( NP ( NN prostitution ) ) ) ( ADVP-TMP ( ADVP ( RB now ) ) ( PP ( IN than ) ( PP-TMP ( IN in ) ( NP ( NP ( CD 1985 ) ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBD were ) ( NP-PRD ( IN about ) ( CD 100 ) ( NNS cases ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It quoted Liu Changyi deputy director of the Beijing Public Security Bureau as saying that there were many more people involved in prostitution now than in 1985 when there were about 100 cases


( S ( S ( NP-SBJ-2 ( NP ( NNS Foreigners ) ) ( VP ( VBN involved ) ( PP-CLR ( IN in ) ( NP ( NN prostitution ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN punished ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( DT the ) ( NN law ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( NP ( DT those ) ) ( PP ( IN with ) ( NP ( RB sexually ) ( JJ transmitted ) ( NNS diseases ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN expelled ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( NN country ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( DT the ) ( NNS regulations ) ) ) ) ) ) ) ) )

Foreigners involved in prostitution will be punished according to the law and those with sexually transmitted diseases will be expelled from the country according to the regulations


( S ( S ( NP-SBJ-1 ( DT The ) ( NNPS Communists ) ) ( VP ( ADVP ( RB nearly ) ) ( VBD succeeded ) ( PP-CLR ( IN in ) ( S-NOM ( VP ( VBG eliminating ) ( NP ( NN prostitution ) ) ) ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG taking ) ( PRT ( RP over ) ) ( PP-TMP ( IN in ) ( NP ( CD 1949 ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NN practice ) ) ( VP ( VBZ has ) ( VP ( VBN returned ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS years ) ) ) ( PP ( IN with ) ( NP ( NP ( NP ( DT the ) ( NN country ) ( POS 's ) ) ( VBN increased ) ( NN exposure ) ) ( PP ( TO to ) ( NP ( DT the ) ( JJ outside ) ( NN world ) ) ) ) ) ) ) ) )

The Communists nearly succeeded in eliminating prostitution after taking over in 1949 but the practice has returned in recent years with the country 's increased exposure to the outside world


( S ( S-TPC-3 ( NP-SBJ-1 ( NNP Japan ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB enforce ) ( NP ( NP ( DT a ) ( NN decision ) ) ( PP ( IN by ) ( NP ( DT an ) ( JJ international ) ( NN wildlife ) ( NN conference ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB ban ) ( NP ( NP ( DT all ) ( NN trade ) ) ( PP ( IN in ) ( NP ( NN ivory ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( DT a ) ( NN spokesman ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NNP Ministry ) ) ( PP ( IN of ) ( NP ( NNP International ) ( NNP Trade ) ( CC and ) ( NNP Industry ) ) ) ) ) ) ( VP ( VBD said ) ) )

Japan agreed to enforce a decision by an international wildlife conference to ban all trade in ivory a spokesman for the Ministry of International Trade and Industry said


( S ( ADVP-TMP ( RBR Earlier ) ) ( NP-SBJ ( NNP Japan ) ) ( VP ( VBD had ) ( VP ( VBN said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD might ) ( VP ( VB file ) ( NP ( NP ( DT a ) ( NN reservation ) ) ( PP ( IN against ) ( NP ( NP ( DT the ) ( NN ivory ) ( NN ban ) ) ( VP ( VBN decided ) ( PP ( IN by ) ( NP-LGS ( NN ballot ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( JJ 103-nation ) ( NNP United ) ( NNPS Nations ) ( NNP Conference ) ) ( PP ( IN on ) ( NP ( NP ( NNP International ) ( NNP Trade ) ) ( PP ( IN in ) ( NP ( NNP Endangered ) ( NNP Species ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Switzerland ) ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Earlier Japan had said it might file a reservation against the ivory ban decided by ballot at the 103-nation United Nations Conference on International Trade in Endangered Species in Switzerland last week


( S ( NP-SBJ ( DT The ) ( NNPS Japanese ) ) ( VP ( VBP use ) ( NP ( NP ( CD 40 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( NN ivory ) ) ) ) ) )

The Japanese use 40 % of the world 's ivory


( S ( S-TPC-1 ( NP-SBJ ( NNP Italy ) ) ( VP ( MD should ) ( VP ( VB close ) ( NP ( NP ( DT the ) ( NNP Leaning ) ( NNP Tower ) ) ( PP ( IN of ) ( NP ( NNP Pisa ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( NN danger ) ) ( PP ( TO to ) ( NP ( NNS tourists ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( JJ government-appointed ) ( NNS experts ) ) ( VP ( VBD said ) ) )

Italy should close the Leaning Tower of Pisa because it 's a danger to tourists government-appointed experts said


( S ( S-TPC-1 ( PP-LOC ( IN In ) ( NP ( DT some ) ( NNS places ) ) ) ( NP-SBJ ( DT the ) ( NN stonework ) ) ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( RB so ) ( JJ damaged ) ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ shows ) ( NP ( NP ( NNS signs ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG breaking ) ( PRT ( RB off ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNS scientists ) ( CC and ) ( NNS technicians ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN report ) ) ( PP ( TO to ) ( NP ( NNP Public ) ( NNP Works ) ( NNP Minister ) ( NNP Giovanni ) ( NNP Prandini ) ) ) ) ) ) )

In some places the stonework is so damaged it shows signs of breaking off scientists and technicians said in a report to Public Works Minister Giovanni Prandini


( S ( NP-TMP ( DT Each ) ( NN year ) ) ( NP-SBJ ( QP ( RB nearly ) ( DT a ) ( CD million ) ) ( NNS people ) ) ( VP ( VBP pay ) ( NP ( QP ( IN about ) ( CD 3 ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( DT the ) ( NN spiral ) ( NN climb ) ) ( PP ( IN up ) ( NP ( CD 294 ) ( NNS steps ) ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN top ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ 800-year-old ) ( NN marble ) ( NN tower ) ) ) ) ) ) ) ) ) ) )

Each year nearly a million people pay about 3 to make the spiral climb up 294 steps to the top of the 800-year-old marble tower


( S ( NP-SBJ-1 ( NNP East ) ( NNP Germany ) ) ( VP ( VBD pledged ) ( S ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( NN alcohol ) ( NN consumption ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG boosting ) ( NP ( NP ( NN production ) ) ( PP ( IN of ) ( NP ( NP ( JJ soft ) ( NNS drinks ) ) ( CC and ) ( NP ( NN fruit ) ( NNS juices ) ) ) ) ) ) ) ) ) ) ) ) )

East Germany pledged to reduce alcohol consumption by boosting production of soft drinks and fruit juices


( S ( S ( NP-SBJ ( NNP Trade ) ( CC and ) ( NNP Supply ) ( NNP Minister ) ( NNP Gerhard ) ( NNP Briksa ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN letter ) ) ( VP ( VBN published ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN youth ) ( JJ daily ) ( NNP Junge ) ( NNP Welt ) ) ) ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN rise ) ) ( PP ( IN in ) ( NP ( NN alcohol ) ( NN consumption ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP East ) ( NNP Germany ) ) ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBN halted ) ) ) ) ) ) ) ) ( CC but ) ( S-3 ( S-PRP ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( PRP it ) ) ( ADVP ( RBR further ) ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ-2 ( NP ( NN production ) ( CC and ) ( NN supply ) ) ( PP ( IN of ) ( NP ( NP ( JJ other ) ( NNS beverages ) ) ( PP ( VBG including ) ( NP ( NN fruit ) ( NNS juices ) ) ) ) ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN stepped ) ( ADVP ( RB up ) ) ) ) ) ) )

Trade and Supply Minister Gerhard Briksa said in a letter published in the youth daily Junge Welt that the rise in alcohol consumption in East Germany had been halted but to reduce it further he said production and supply of other beverages including fruit juices should be stepped up


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD added ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNS shops ) ) ( VP ( MD will ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VP ( VB continue ) ( S ( VP ( VBG reducing ) ( NP ( NP ( PRP$ their ) ( NNS stocks ) ) ( PP ( IN of ) ( NP ( NN liquor ) ) ) ) ) ) ) ( CC and ) ( VP ( VB avoid ) ( S ( VP ( VBG displaying ) ( NP ( PRP them ) ) ( ADVP-MNR ( RB too ) ( RB prominently ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN window ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He added that shops will have to continue reducing their stocks of liquor and avoid displaying them too prominently in the window


( S ( NP-SBJ ( NNP Hong ) ( NNP Kong ) ) ( VP ( VBZ has ) ( VP ( VBN built ) ( NP ( NP ( DT a ) ( NN detention ) ( NN center ) ) ( PP ( IN for ) ( NP ( NP ( JJ illegal ) ( NNS immigrants ) ) ( PP ( IN from ) ( NP ( NNP China ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-1 ( NNP China ) ) ( VP ( VBZ has ) ( VP ( VBN refused ) ( PP-TMP ( IN for ) ( NP ( DT the ) ( JJ past ) ( CD two ) ( NNS weeks ) ) ) ( S ( VP ( TO to ) ( VP ( VB accept ) ( NP ( PRP them ) ) ( ADVP-CLR ( RB back ) ) ) ) ) ) ) ) ) ) ) )

Hong Kong has built a detention center for illegal immigrants from China because China has refused for the past two weeks to accept them back


( S ( S-TPC-2 ( NP-SBJ-1 ( NP ( DT The ) ( NN center ) ) ( ADVP-LOC ( RB close ) ( PP ( TO to ) ( NP ( NP ( NP ( NNP Hong ) ( NNP Kong ) ( POS 's ) ) ( NN border ) ) ( PP ( IN with ) ( NP ( NNP China ) ) ) ) ) ) ) ( VP ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ ready ) ) ( NP-TMP ( NN today ) ) ) ) ( CC and ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB house ) ( NP ( CD 1,000 ) ( NNS inmates ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Police ) ( NNP Deputy ) ( NNP Director ) ( NNP Peter ) ( NNP Wong ) ) ( VP ( VBD said ) ) )

The center close to Hong Kong 's border with China will be ready today and will be able to house 1,000 inmates Police Deputy Director Peter Wong said


( S ( NP-SBJ ( DT The ) ( NN dispute ) ) ( VP ( VBD started ) ( SBAR-TMP-CLR ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NP ( NNP China ) ) ( ADJP ( JJ angry ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Hong ) ( NNP Kong ) ) ( VP ( VBD had ) ( VP ( VBN allowed ) ( S ( NP-SBJ ( NN dissident ) ( NN swimmer ) ( NNP Yang ) ( NNP Yang ) ) ( VP ( TO to ) ( VP ( VB flee ) ( PP-DIR ( TO to ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD halted ) ( NP ( NP ( DT the ) ( JJ usual ) ( JJ daily ) ( NN transfer ) ) ( PP ( IN of ) ( NP ( NP ( JJ illegal ) ( NNS immigrants ) ) ( VP ( VBN caught ) ( PP-LOC ( IN in ) ( NP ( NP ( DT this ) ( JJ British ) ( NN colony ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ reverts ) ( PP-CLR ( TO to ) ( NP ( NP ( NNP Beijing ) ( POS 's ) ) ( NN control ) ) ) ( PP-PRP ( IN in ) ( NP ( CD 1997 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The dispute started when China angry that Hong Kong had allowed dissident swimmer Yang Yang to flee to the U.S. halted the usual daily transfer of illegal immigrants caught in this British colony which reverts to Beijing 's control in 1997


( S ( S-ADV ( VP ( VBG Sweating ) ( PP-LOC ( IN under ) ( NP ( NP ( DT the ) ( NN glare ) ) ( PP ( IN of ) ( NP ( RB newly ) ( VBN installed ) ( NN television ) ( NNS lights ) ) ) ) ) ) ) ( NP-SBJ-1 ( NP ( JJ British ) ( NNS members ) ) ( PP ( IN of ) ( NP ( NNP Parliament ) ) ) ) ( VP ( VBD demanded ) ( NP ( NP ( DT a ) ( NN halt ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( JJ experimental ) ( NN televising ) ) ( PP ( IN of ) ( NP ( NNS debates ) ) ) ) ) ) ) )

Sweating under the glare of newly installed television lights British members of Parliament demanded a halt to the experimental televising of debates


( S ( NP-SBJ ( NP ( DT A ) ( NN group ) ) ( PP ( IN of ) ( NP ( NP ( JJ senior ) ( JJ Conservative ) ( NNS legislators ) ) ( VP ( VBG complaining ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NNP House ) ) ( PP ( IN of ) ( NP ( NNPS Commons ) ) ) ) ( VP ( VBD was ) ( PP-PRD ( IN like ) ( NP ( DT a ) ( NN sauna ) ) ) ) ) ) ) ) ) ) ( VP ( VBD demanded ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( NN experiment ) ) ( VP ( VB be ) ( VP ( VBN stopped ) ( SBAR-ADV ( IN unless ) ( S ( NP-SBJ-2 ( NP ( DT the ) ( NN intensity ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS lights ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN reduced ) ) ) ) ) ) ) ) ) ) )

A group of senior Conservative legislators complaining the House of Commons was like a sauna demanded that the experiment be stopped unless the intensity of the lights is reduced


( S ( NP-SBJ ( NP ( CD One ) ( NN Conservative ) ( NNP MP ) ) ( NP ( NNP David ) ( NNP Wilshire ) ) ) ( VP ( VBD said ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( MD should ) ( VP ( VB have ) ( NP ( DT a ) ( JJ wonderful ) ( NN suntan ) ) ( PP-TMP ( IN by ) ( NP ( NNP Christmas ) ) ) ) ) ) ) )

One Conservative MP David Wilshire said I should have a wonderful suntan by Christmas


( S ( NP-SBJ ( NNS Debates ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ due ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN broadcast ) ( ADVP-LOC ( RB nationally ) ) ( S-ADV ( VP ( VBG starting ) ( NP-TMP-CLR ( NNP Nov. ) ( CD 21 ) ) ) ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT a ) ( JJ six-month ) ( NN experiment ) ) ) ) )

Debates are due to be broadcast nationally starting Nov. 21 in a six-month experiment


( S ( NP-SBJ-1 ( NP ( DT A ) ( NN majority ) ) ( PP ( IN of ) ( NP ( JJ Japanese ) ( NNS banks ) ) ) ) ( VP ( VBP are ) ( VP ( VBN said ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ wary ) ( PP ( IN of ) ( S-NOM ( VP ( VBG making ) ( NP ( JJ new ) ( NNS loans ) ) ( PP-CLR ( TO to ) ( NP ( NNP Mexico ) ) ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( NNP Brady ) ( NN plan ) ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP 're ) ( ADJP-PRD ( JJ uncertain ) ( SBAR ( S ( NP-SBJ ( DT the ) ( JJ Mexican ) ( NN economy ) ) ( VP ( MD will ) ( VP ( VB remain ) ( ADJP-PRD ( JJ stable ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

A majority of Japanese banks are said to be wary of making new loans to Mexico under the Brady plan because they 're uncertain the Mexican economy will remain stable


( S ( S-TPC-2 ( ADVP ( RB Instead ) ) ( NP-SBJ-1 ( NP ( JJ many ) ( ADJP ( JJ small ) ( CC and ) ( JJ medium-sized ) ) ( NNS banks ) ) ( CC and ) ( NP ( DT some ) ( JJR larger ) ( NNS ones ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB take ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ other ) ( CD two ) ( NNS options ) ) ( ADJP ( JJ open ) ( PP ( TO to ) ( NP ( PRP them ) ) ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( NN plan ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( JJ Japanese ) ( NN banking ) ( NNS officials ) ) ( VP ( VBD said ) ) )

Instead many small and medium-sized banks and some larger ones are likely to take one of the other two options open to them under the plan Japanese banking officials said


( S ( NP-SBJ ( NP ( DT The ) ( NN plan ) ) ( VP ( VBN proposed ) ( PP ( IN by ) ( NP-LGS ( NAC ( NNP U.S. ) ( NNP Secretary ) ( PP ( IN of ) ( NP ( NNP State ) ) ) ) ( NNP Nicholas ) ( NNP Brady ) ) ) ) ) ( VP ( VBZ calls ) ( SBAR-CLR ( IN for ) ( S ( NP-SBJ ( NNS banks ) ) ( VP ( CC either ) ( VP ( TO to ) ( VP ( VB make ) ( NP ( JJ new ) ( NNS loans ) ) ) ) ( CC or ) ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( NP ( DT the ) ( NN principle ) ) ( PP ( IN on ) ( NP ( JJ existing ) ( NNS loans ) ) ) ) ) ) ( CC or ) ( VP ( TO to ) ( VP ( VB cut ) ( NP ( NP ( DT the ) ( NN interest ) ( NN rate ) ) ( PP ( IN on ) ( NP ( DT those ) ( VBG existing ) ( NNS loans ) ) ) ) ) ) ) ) ) ) )

The plan proposed by U.S. Secretary of State Nicholas Brady calls for banks either to make new loans or to reduce the principle on existing loans or to cut the interest rate on those existing loans


( S ( NP-SBJ ( DT The ) ( NNS officials ) ) ( VP ( VBD said ) ( SBAR ( DT that ) ( S ( NP-SBJ ( JJS most ) ( JJ Japanese ) ( NNS banks ) ) ( VP ( VBP prefer ) ( NP ( NP ( DT the ) ( NNS losses ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD 'd ) ( VP ( VB suffer ) ( PP-LOC ( IN in ) ( NP ( NP ( DT either ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ latter ) ( NNS options ) ) ) ) ) ) ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN risk ) ) ( PP ( IN of ) ( NP ( JJ new ) ( NN lending ) ) ) ) ) ) ) ) ) )

The officials said that most Japanese banks prefer the losses they 'd suffer in either of the latter options to the risk of new lending


( S ( CC But ) ( NP-SBJ ( NP ( DT an ) ( NN official ) ) ( PP-LOC ( IN at ) ( NP ( DT a ) ( JJ long-term ) ( NN credit ) ( NN bank ) ) ) ) ( VP ( VBD explained ) ( SBAR ( IN that ) ( S ( SBAR-PRP ( IN since ) ( S ( NP-SBJ ( DT some ) ( JJR larger ) ( NNS banks ) ) ( VP ( VBP have ) ( ADVP-TMP ( RB already ) ) ( VP ( VBN taken ) ( NP ( NP ( NN loss ) ( NNS provisions ) ) ( PP ( IN for ) ( NP ( NP ( NNS loans ) ) ( PP ( TO to ) ( NP ( JJ other ) ( NNP Third ) ( NNP World ) ( NNS nations ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( JJ further ) ( NNS write-offs ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN viewed ) ( PP-CLR ( IN as ) ( ADJP ( JJ intolerable ) ) ) ) ) ) ) ) ) )

But an official at a long-term credit bank explained that since some larger banks have already taken loss provisions for loans to other Third World nations further write-offs could be viewed as intolerable


( S ( S-TPC-1 ( NP-SBJ ( PRP They ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB take ) ( NP ( NP ( DT the ) ( NN hit ) ) ( PP ( TO to ) ( NP ( PRP$ their ) ( NNS earnings ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

They ca n't take the hit to their earnings he said


( S-2 ( PP ( IN As ) ( NP ( DT a ) ( NN result ) ) ) ( PRN ( S ( NP-SBJ ( DT the ) ( NN official ) ) ( VP ( VBD said ) ) ) ) ( NP-SBJ-1 ( PRP they ) ) ( VP ( MD may ) ( VP ( VB be ) ( VP ( VBN forced ) ( PP-CLR ( IN into ) ( NP ( NP ( DT a ) ( JJ no-win ) ( NN situation ) ) ( SBAR ( WHPP-3 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP make ) ( NP ( NP ( JJ risky ) ( NNS loans ) ) ( SBAR ( WHNP-4 ( IN that ) ) ( S ( NP-SBJ-5 ( PRP they ) ) ( VP ( MD could ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB write ) ( PRT ( RP off ) ) ( ADVP-TMP ( RB later ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

As a result the official said they may be forced into a no-win situation in which they make risky loans that they could have to write off later


( S ( NP-SBJ ( NP ( DT A ) ( NN poll ) ) ( PP-LOC ( IN in ) ( NP ( JJ male-dominated ) ( NNP South ) ( NNP Korea ) ) ) ) ( VP ( VBD put ) ( S ( NP-SBJ ( NNP Margaret ) ( NNP Thatcher ) ) ( ADJP-PRD ( JJ first ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT a ) ( NN list ) ) ( PP ( IN of ) ( NP ( JJS most-respected ) ( JJ foreign ) ( NNS leaders ) ) ) ) ) ) ) )

A poll in male-dominated South Korea put Margaret Thatcher first on a list of most-respected foreign leaders


( S ( NP-SBJ ( DT The ) ( JJ British ) ( JJ prime ) ( NN minister ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT the ) ( JJ only ) ( NN woman ) ) ( VP ( VBN singled ) ( PRT ( RP out ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS respondents ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD put ) ( NP ( JJ Soviet ) ( NNP President ) ( NNP Mikhail ) ( NNP Gorbachev ) ) ( PP-PUT ( IN in ) ( NP ( JJ second ) ( NN place ) ) ) ) ) ) ) ) ) ) ) )

The British prime minister was the only woman singled out by respondents who put Soviet President Mikhail Gorbachev in second place


( S ( NP-SBJ ( DT The ) ( JJ Soviet ) ( NN newspaper ) ( NNP Trud ) ) ( VP ( VBD reported ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Mickey ) ( NNP Mouse ) ) ( VP ( MD will ) ( VP ( VB appear ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( DT a ) ( JJ Russian-language ) ( JJ comic ) ( NN book ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN issued ) ( NP ( NP ( CD four ) ( NNS times ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( JJ Soviet ) ( NN publisher ) ( NNP Fizkultura ) ( FW i ) ( NNP Sport ) ) ( CC and ) ( NP ( NP ( NNP Denmark ) ( POS 's ) ) ( NNP Gutenberghus ) ( NNP Group ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Soviet newspaper Trud reported that Mickey Mouse will appear in a Russian-language comic book to be issued four times a year by Soviet publisher Fizkultura i Sport and Denmark 's Gutenberghus Group


( S ( NP-SBJ ( DT The ) ( JJ comic ) ( NN book ) ) ( VP ( MD will ) ( VP ( VB cost ) ( NP-CLR ( QP ( IN about ) ( CD 2 ) ) ) ) ) )

The comic book will cost about 2


( S ( NP-SBJ ( NP ( NNP Britain ) ( POS 's ) ) ( NNP Serious ) ( NNP Fraud ) ( NNP Office ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB investigate ) ( NP ( NP ( DT the ) ( NNS circumstances ) ) ( VP ( VBG surrounding ) ( NP ( NP ( JJ alleged ) ( JJ phantom ) ( NNS contracts ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Ferranti ) ( NNP International ) ( NNP Signal ) ( NNP PLC ) ( POS 's ) ) ( NNP International ) ( NNP Signal ) ( CC & ) ( NNP Control ) ( NN unit ) ) ) ) ) ) ) ) ) ) ) )

Britain 's Serious Fraud Office said it will investigate the circumstances surrounding alleged phantom contracts at Ferranti International Signal PLC 's International Signal & Control unit


( S ( NP-SBJ ( NP ( DT The ) ( NN investigation ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN coordinated ) ( PP-CLR ( IN with ) ( NP ( NP ( NN one ) ) ( PP-LOC ( ADVP ( RB already ) ) ( IN under ) ( NP ( NP ( NN way ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ follows ) ( NP ( NP ( DT the ) ( NN discovery ) ) ( PP ( IN of ) ( SBAR-NOM ( WHNP-3 ( WP what ) ) ( S ( NP-SBJ ( NNP Ferranti ) ) ( VP ( VBZ has ) ( VP ( VBN called ) ( S ( NP-PRD ( NP ( DT a ) ( JJ serious ) ( NN fraud ) ) ( VP ( VBG involving ) ( NP ( PRP$ its ) ( NNP U.S. ) ( NN subsidiary ) ) ) ) ) ) ) ) ) ) ) ) )

The investigation which will be coordinated with one already under way in the U.S. follows the discovery of what Ferranti has called a serious fraud involving its U.S. subsidiary


( S ( NP-SBJ-1 ( NP ( NP ( NNP International ) ( NNP Signal ) ( CC & ) ( NNP Control ) ) ( NP-LOC ( NP ( NNP Lancaster ) ) ( NP ( NNP Pa. ) ) ) ) ( NP ( DT a ) ( JJ defense-equipment ) ( NN manufacturer ) ) ) ( VP ( VBD was ) ( VP ( VBN bought ) ( PP ( IN by ) ( NP-LGS ( NNP Ferranti ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1987 ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 420 ) ( CD million ) ) ) ( PRN ( NP ( QP ( CD 670.3 ) ( CD million ) ) ) ) ) ) ) ) )

International Signal & Control Lancaster Pa. a defense-equipment manufacturer was bought by Ferranti in 1987 for 420 million 670.3 million


( S ( NP-SBJ ( NNP Ferranti ) ) ( VP ( VBZ has ) ( VP ( VBN said ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN forced ) ( S ( VP ( TO to ) ( VP ( VB write ) ( PRT ( RP off ) ) ( NP ( QP ( CD 185 ) ( CD million ) ) ) ( PP ( IN against ) ( NP ( DT the ) ( JJ phantom ) ( NNS contracts ) ) ) ( S-ADV ( VP ( VBG reducing ) ( NP ( PRP$ its ) ( JJ net ) ( NN asset ) ( NN value ) ) ( PP-CLR ( IN by ) ( NP ( QP ( JJR more ) ( IN than ) ( NN half ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Ferranti has said that it would be forced to write off 185 million against the phantom contracts reducing its net asset value by more than half


( S ( NP-SBJ ( NP ( DT The ) ( NNP Serious ) ( NNP Fraud ) ( NNP Office ) ) ( NP ( NP ( DT a ) ( NN division ) ) ( PP ( IN of ) ( NP ( NP ( NNP London ) ( POS 's ) ) ( NNP Metropolitan ) ( NNP Police ) ) ) ( ADJP ( JJ responsible ) ( PP ( IN for ) ( S-NOM ( VP ( VBG investigating ) ( NP ( JJ financial ) ( NNS crimes ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( NN work ) ) ( VP ( MD would ) ( VP ( VB take ) ( PRT ( RP in ) ) ( NP ( NP ( NNS allegations ) ) ( PP ( IN of ) ( NP ( NP ( NN fraud ) ) ( UCP-TMP ( ADVP ( JJ prior ) ( PP ( TO to ) ) ) ( VP ( JJ surrounding ) ) ( CC and ) ( ADJP ( JJ subsequent ) ( PP ( TO to ) ) ) ( NP-1 ( DT the ) ( NN merger ) ) ) ) ) ) ) ) ) ) ) )

The Serious Fraud Office a division of London 's Metropolitan Police responsible for investigating financial crimes said its work would take in allegations of fraud prior to surrounding and subsequent to the merger


( S ( NP-SBJ ( NNP Ferranti ) ) ( VP ( VBD said ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ welcomes ) ( NP ( DT the ) ( NN investigation ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB cooperate ) ( ADVP ( RB fully ) ) ) ) ) ) ) ) )

Ferranti said that it welcomes the investigation and that it will cooperate fully


( S ( NP-SBJ ( NP ( NNP Derek ) ( NNP Alun-Jones ) ) ( NP ( NP ( NNP Ferranti ) ( POS 's ) ) ( NN chairman ) ) ) ( VP ( VBZ has ) ( VP ( VBN said ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD hoped ) ( S ( VP ( TO to ) ( VP ( VB pursue ) ( NP ( NP ( JJ legal ) ( NN action ) ) ( PP ( IN against ) ( NP ( NP ( DT those ) ) ( ADJP ( JJ responsible ) ) ) ) ) ) ) ) ) ) ) ) ) )

Derek Alun-Jones Ferranti 's chairman has said he hoped to pursue legal action against those responsible


( S ( NP-SBJ ( DT The ) ( JJ British ) ( NN defense ) ( NNS electronics ) ( NN group ) ) ( VP ( VBZ has ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VP ( MD will ) ( VP ( VB sell ) ( NP ( NP ( QP ( CD 100 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS assets ) ) ) ) ) ) ( CC and ) ( VP ( MD may ) ( VP ( VB seek ) ( NP ( DT a ) ( NN merger ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB strengthen ) ( NP ( PRP itself ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( NN wake ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS troubles ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The British defense electronics group has said it will sell 100 million in assets and may seek a merger to strengthen itself in the wake of its troubles


( S ( NP-SBJ ( NP ( PRP$ Your ) ( NNP Oct. ) ( CD 5 ) ( NN editorial ) ) ( NP-TTL ( DT A ) ( JJ Democratic ) ( NNP Tax ) ( NNP Cut ) ) ) ( VP ( VBD contained ) ( NP ( DT an ) ( NN error ) ) ) )

Your Oct. 5 editorial A Democratic Tax Cut contained an error


( S ( PP-LOC ( IN In ) ( NP ( DT the ) ( JJ third ) ( NN paragraph ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD referred ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NNS senators ) ) ( VP ( VBG seeking ) ( NP ( NN loophole ) ( NNS suggestions ) ) ( PP-CLR ( IN from ) ( NP ( NP ( NNS lobbyists ) ) ( PP ( IN for ) ( NP ( NP ( JJ various ) ( NNS sectors ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ) ) ) ) ) ) )

In the third paragraph it referred to the senators seeking loophole suggestions from lobbyists for various sectors of the economy


( FRAG ( PP-LOC ( IN Among ) ( NP ( PRP them ) ) ) ( NP ( NN banana ) ( NNS farmers ) ) )

Among them banana farmers


( S ( NP-SBJ ( NP ( DT The ) ( JJ only ) ( JJ significant ) ( JJ commercial ) ( NN banana ) ( NNS farmers ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ( VP ( VBP are ) ( PP-LOC-PRD ( IN in ) ( NP ( NNP Hawaii ) ) ) ) )

The only significant commercial banana farmers in the U.S. are in Hawaii


( S ( NP-SBJ ( NP ( DT The ) ( NNP Hawaii ) ( NNP Banana ) ( NNP Industry ) ( NNP Association ) ) ( SBAR ( WHPP-1 ( TO to ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NP ( RB nearly ) ( DT all ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ) ( VP ( VBP belong ) ) ) ) ) ( VP ( VBZ has ) ( NP ( DT no ) ( NN lobbyist ) ) ) )

The Hawaii Banana Industry Association to which nearly all of them belong has no lobbyist


( NP ( NP ( NNP Thomas ) ( NNP V. ) ( NNP Reese ) ( NNP Sr ) ) ( NP ( NNP Maui ) ( NNP Banana ) ( NNP Co ) ) )

Thomas V. Reese Sr Maui Banana Co


( S ( NP-SBJ ( NNP Pitney ) ( NNP Bowes ) ( NNP Inc. ) ( NNS directors ) ) ( VP ( VBD authorized ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( TO to ) ( VP ( VB seek ) ( NP ( NP ( NNS buyers ) ) ( PP ( IN for ) ( NP ( NP ( PRP$ its ) ( NNP Wheeler ) ( NNP Group ) ( NNP Inc. ) ( NN subsidiary ) ) ( NP ( NP ( DT a ) ( JJ direct ) ( NN mail ) ( NN marketer ) ) ( PP ( IN of ) ( NP ( NN office ) ( NNS supplies ) ) ) ) ) ) ) ) ) ) ) )

Pitney Bowes Inc. directors authorized the company to seek buyers for its Wheeler Group Inc. subsidiary a direct mail marketer of office supplies


( S ( NP-SBJ ( NNP Pitney ) ( NNP Bowes ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN decision ) ) ( VP ( VBD was ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( NP ( DT a ) ( JJ long-term ) ( NN analysis ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN compatibility ) ) ( PP ( IN of ) ( NP ( NP ( NNP Wheeler ) ( NNP Group ) ( POS 's ) ) ( NN marketing ) ( NN business ) ) ) ( PP ( IN with ) ( NP ( JJ other ) ( NNP Pitney ) ( NNP Bowes ) ( NNS operations ) ) ) ) ) ) ) ) ) ) ) ) )

Pitney Bowes said the decision was based on a long-term analysis of the compatibility of Wheeler Group 's marketing business with other Pitney Bowes operations


( S ( NP-SBJ-2 ( NNP Pitney ) ( NNP Bowes ) ) ( VP ( VBD acquired ) ( NP ( NP ( DT the ) ( NN core ) ) ( PP ( IN of ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( VP ( VBD evolved ) ( PP-CLR ( IN into ) ( NP ( NNP Wheeler ) ( NNP Group ) ) ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1979 ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG buying ) ( NP ( NNP Dictaphone ) ( NNP Corp ) ) ) ) ) ) )

Pitney Bowes acquired the core of what evolved into Wheeler Group in 1979 by buying Dictaphone Corp


( S ( NP-SBJ ( DT A ) ( NN spokeswoman ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB comment ) ( PP-CLR ( IN on ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD had ) ( VP ( VBN talked ) ( PP-CLR ( IN with ) ( NP ( NP ( DT any ) ( JJ potential ) ( NNS buyers ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NAC-LOC ( NNP New ) ( NNP Hartford ) ( NNP Conn. ) ) ( NN unit ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD had ) ( NP ( NP ( CD 1988 ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( RB about ) ( CD 75 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

A spokeswoman would n't comment on whether the company had talked with any potential buyers for the New Hartford Conn. unit which had 1988 sales of about 75 million


( S ( NP-SBJ ( PRP She ) ) ( VP ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP Wheeler ) ( NNP Group ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ profitable ) ) ) ) ) ) ( CC but ) ( VP ( MD would ) ( RB n't ) ( VP ( VB give ) ( NP ( NNS figures ) ) ) ) ) )

She said Wheeler Group was profitable but would n't give figures


( S ( NP-SBJ-1 ( DT The ) ( NN spokeswoman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( NN timetable ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN sale ) ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG adding ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN board ) ( POS 's ) ) ( NN decision ) ) ( ADVP ( RB just ) ) ( VP ( VBZ starts ) ( NP ( NP ( DT the ) ( NN search ) ) ( PP ( IN for ) ( NP ( DT a ) ( NN buyer ) ) ) ) ) ) ) ) ) ) )

The spokeswoman said the company does n't have a timetable for the sale adding that the board 's decision just starts the search for a buyer


( S ( ADVP ( NNP Separately ) ) ( NP-SBJ ( NNP Pitney ) ( NNP Bowes ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( JJ third-quarter ) ( NN net ) ( NN income ) ) ( VP ( VBN gained ) ( NP ( CD 15 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 62 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 78 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 54 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 68 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB ago ) ) ) ) ) ) ) )

Separately Pitney Bowes said third-quarter net income gained 15 % to 62 million or 78 cents a share from 54 million or 68 cents a share a year ago


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD grew ) ( NP-EXT ( CD 13 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 734.8 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 650.9 ) ( CD million ) ) ) ) ) )

Revenue grew 13 % to 734.8 million from 650.9 million


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN growth ) ) ( VP ( VBD was ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NP ( PRP$ its ) ( JJ major ) ( NNS operations ) ) ( ADVP ( RB particularly ) ) ( NP ( NN mailing ) ( NN shipping ) ( NN dictating ) ( CC and ) ( JJ facsimile ) ( NNS businesses ) ) ) ) ) ) ) ) ) )

The company said the growth was led by its major operations particularly mailing shipping dictating and facsimile businesses


( S ( NP-SBJ ( NP ( NNP New ) ( NNP York ) ( NNP Times ) ( NNP Co. ) ( POS 's ) ) ( JJ third-quarter ) ( NNS earnings ) ( NN report ) ) ( VP ( VBZ is ) ( VP ( VBG reinforcing ) ( NP ( NP ( NNS analysts ) ( POS ' ) ) ( NN belief ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NN newspaper ) ( NNS publishers ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBG facing ) ( NP ( VBN continued ) ( JJ poor ) ( NNS earnings ) ( NNS comparisons ) ) ( PP-TMP ( IN through ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) )

New York Times Co. 's third-quarter earnings report is reinforcing analysts ' belief that newspaper publishers will be facing continued poor earnings comparisons through 1990


( S ( NP-SBJ-1 ( DT The ) ( NN publisher ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB register ) ( NP ( VBG soaring ) ( NN quarter ) ( JJ net ) ( NN income ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT a ) ( JJ onetime ) ( NN gain ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN cable-TV ) ( NN system ) ) ) ) ) ) ) ) ) ) ) ) )

The publisher was able to register soaring quarter net income because of a onetime gain on the sale of its cable-TV system


( S ( ADVP ( RB However ) ) ( NP-SBJ ( NN operating ) ( NN profit ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 35 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 16.4 ) ( CD million ) ) ) ) ) )

However operating profit fell 35 % to 16.4 million


( S ( NP-SBJ ( DT The ) ( NN decline ) ) ( VP ( VBD reflected ) ( NP ( NP ( NP ( DT the ) ( NN expense ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG buying ) ( NP ( CD three ) ( NNS magazines ) ) ) ) ) ) ( NP ( NP ( JJR lower ) ( NNS earnings ) ) ( PP ( IN from ) ( NP ( DT the ) ( JJ forest-products ) ( NN group ) ) ) ) ( CC and ) ( NP ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( VP ( VBZ is ) ( VP ( VBG proving ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( JJ nagging ) ( JJ major ) ( NN problem ) ) ) ) ) ) ) ) ) ( NP ( NP ( VBN continued ) ( NNS declines ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN advertising ) ( NN linage ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Times ) ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN flagship ) ( JJ daily ) ( NN newspaper ) ) ) ) ) ) ) ) ) ) )

The decline reflected the expense of buying three magazines lower earnings from the forest-products group and what is proving to be a nagging major problem continued declines in advertising linage at the New York Times the company 's flagship daily newspaper


( S ( PP-LOC ( IN In ) ( NP ( NP ( JJ composite ) ( NN trading ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP American ) ( NNP Stock ) ( NNP Exchange ) ) ) ) ) ( NP-SBJ ( NNP New ) ( NNP York ) ( NNP Times ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 28.125 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( RB down ) ( NP ( CD 37.5 ) ( NNS cents ) ) ) ) )

In composite trading on the American Stock Exchange New York Times closed at 28.125 a share down 37.5 cents


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS troubles ) ) ( VP ( VBP mirror ) ( NP ( NP ( DT those ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN industry ) ) ) ) ) ) ) ) )

Analysts said the company 's troubles mirror those of the industry


( S ( NP-SBJ ( NP ( JJ Retail ) ( NN advertising ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( ADVP-TMP ( RB often ) ) ( VP ( VBZ represents ) ( NP ( NP ( NN half ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN advertising ) ( NN volume ) ) ( PP-LOC ( IN at ) ( NP ( JJS most ) ( JJ daily ) ( NNS newspapers ) ) ) ) ) ) ) ) ) ) ( ADVP ( RB largely ) ) ( VP ( VBZ is ) ( RB n't ) ( VP ( VBG rebounding ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ second ) ( NN half ) ) ) ( PP-DIR ( IN from ) ( NP ( VBN extended ) ( NNS doldrums ) ) ) ( SBAR-ADV ( IN as ) ( S ( VP ( VBN expected ) ) ) ) ) ) )

Retail advertising which often represents half of the advertising volume at most daily newspapers largely is n't rebounding in the second half from extended doldrums as expected


( S ( PP-TMP ( IN At ) ( NP ( DT the ) ( JJ same ) ( NN time ) ) ) ( NP-SBJ-1 ( NNS newspapers ) ) ( VP ( VBP are ) ( VP ( VBN bedeviled ) ( PP ( IN by ) ( NP-LGS ( VBG lagging ) ( JJ national ) ( NN advertising ) ) ) ( PP-LOC ( ADVP ( RB especially ) ) ( IN in ) ( NP ( PRP$ its ) ( JJ financial ) ( NN component ) ) ) ) ) )

At the same time newspapers are bedeviled by lagging national advertising especially in its financial component


( S ( NP-SBJ ( NNP Dow ) ( NNP Jones ) ( CC & ) ( NNP Co. ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD reported ) ( SBAR ( S ( NP-SBJ ( JJ net ) ) ( VP ( VP ( VBD fell ) ( NP-EXT ( CD 9.9 ) ( NN % ) ) ) ( NP ( NP ( DT a ) ( NN reflection ) ) ( PRN ( PP ( IN in ) ( NP ( NN part ) ) ) ) ( PP ( IN of ) ( NP ( NP ( VBN continued ) ( NN softness ) ) ( PP-LOC ( IN in ) ( NP ( JJ financial ) ( NN advertising ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT The ) ( NNP Wall ) ( NNP Street ) ( NNP Journal ) ) ( CC and ) ( NP ( NP ( NNP Barron ) ( POS 's ) ) ( NN magazine ) ) ) ) ) ) ) ) ) ) ) )

Dow Jones & Co. recently reported net fell 9.9 % a reflection in part of continued softness in financial advertising at The Wall Street Journal and Barron 's magazine


( SINV ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP expect ) ( S ( NP-SBJ ( JJ next ) ( NN year ) ) ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( RB fairly ) ( JJ soft ) ( NN year ) ) ( PP-LOC ( IN in ) ( NP ( JJ newspaper-industry ) ( NN advertising ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP John ) ( NNP Morton ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN for ) ( NP ( NNP Lynch ) ( NNP Jones ) ( CC & ) ( NNP Ryan ) ) ) ) ) )

We expect next year to be a fairly soft year in newspaper-industry advertising said John Morton an analyst for Lynch Jones & Ryan


( S ( S ( NP-TMP ( JJ Next ) ( NN year ) ) ( NP-SBJ-1 ( NNS earnings ) ) ( VP ( MD will ) ( VP ( VB hold ) ( S-CLR ( ADJP-PRD ( JJ steady ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP we ) ) ( ADVP ( RB just ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB see ) ( NP ( NP ( DT a ) ( JJ big ) ( NN turnaround ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN trend ) ) ( PP-LOC ( IN in ) ( NP ( NN advertising ) ) ) ) ) ) ) ) ) )

Next year earnings will hold steady but we just do n't see a big turnaround in the trend in advertising


( S ( NP-SBJ ( NP ( NNP John ) ( NNP S. ) ( NNP Reidy ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN for ) ( NP ( NNP Drexel ) ( NNP Burnham ) ( NNP Lambert ) ( NNP Inc. ) ) ) ) ) ( VP ( VBD said ) ( S ( S ( NP-SBJ ( DT The ) ( NNP Times ) ) ( VP ( VBZ faces ) ( NP ( NP ( DT the ) ( JJ same ) ( NN problem ) ) ( PP ( IN of ) ( NP ( JJ other ) ( NNS publishers ) ) ) ) ) ) ( S ( NP-SBJ ( NN linage ) ) ( VP ( VBZ is ) ( ADVP-PRD ( RB down ) ) ) ) ) ) )

John S. Reidy an analyst for Drexel Burnham Lambert Inc. said The Times faces the same problem of other publishers linage is down


( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ hard ) ) ( S-2 ( VP ( TO to ) ( VP ( VB do ) ( NP ( NNS handstands ) ) ) ) ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ-1 ( JJ real ) ( NN linage ) ) ( VP ( VBZ starts ) ( S ( VP ( VBG heading ) ( ADVP-DIR ( RB back ) ( RB up ) ) ) ) ) ) ) ) ) )

It will be hard to do handstands until real linage starts heading back up


( S ( PP-LOC ( IN In ) ( NP ( DT the ) ( JJ quarterly ) ( NN report ) ) ) ( NP-SBJ ( NP ( NNP Arthur ) ( NNP Ochs ) ( NNP Sulzberger ) ) ( NP ( NNP New ) ( NNP York ) ( NNP Times ) ( NNP Co. ) ( NX ( NX ( NN chairman ) ) ( CC and ) ( NX ( JJ chief ) ( NN executive ) ( NN officer ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( JJ negative ) ( NNS factors ) ) ( VP ( VBG affecting ) ( NP ( JJ third-quarter ) ( NNS earnings ) ) ) ) ( VP ( MD will ) ( VP ( VB continue ) ) ) ) ) ) )

In the quarterly report Arthur Ochs Sulzberger New York Times Co. chairman and chief executive officer said negative factors affecting third-quarter earnings will continue


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBD agreed ) ( PP-CLR ( IN with ) ( NP ( NN company ) ( NNS expectations ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( VBG operating ) ( NN profit ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADVP-PRD ( RB down ) ) ( UCP-TMP ( NP ( DT this ) ( NN year ) ) ( CC and ) ( PP ( IN in ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) )

Analysts agreed with company expectations that operating profit will be down this year and in 1990


( S ( NP-SBJ ( NNP Mr. ) ( NNP Sulzberger ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( VBN scheduled ) ( NN opening ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ new ) ( JJ color-printing ) ( NN plant ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Edison ) ) ( NP ( NNP N.J. ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1990 ) ) ) ) ( VP ( MD would ) ( VP ( VB involve ) ( NP ( JJ heavy ) ( NN startup ) ( CC and ) ( NN depreciation ) ( NNS costs ) ) ) ) ) ) ) )

Mr. Sulzberger said the scheduled opening of a new color-printing plant in Edison N.J. in 1990 would involve heavy startup and depreciation costs


( SINV ( S-TPC-1 ( PP ( IN With ) ( S-NOM ( NP-SBJ ( DT the ) ( NNP Edison ) ( NN plant ) ) ( VP ( VBG coming ) ( PP-CLR ( IN on ) ( NP ( NN line ) ) ) ( NP-TMP ( IN next ) ( NN summer ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Times ) ) ( VP ( VBZ is ) ( VP ( VBG facing ) ( NP ( NP ( DT some ) ( JJ tough ) ( NNS earnings ) ( NN comparison ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN future ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Peter ) ( NNP Appert ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN with ) ( NP ( NNP C.J. ) ( NNP Lawrence ) ( NNP Morgan ) ( NNP Grenfell ) ) ) ) ) )

With the Edison plant coming on line next summer the Times is facing some tough earnings comparison in the future said Peter Appert an analyst with C.J. Lawrence Morgan Grenfell


( S ( CC But ) ( NP-SBJ ( JJ many ) ( NNS newspapers ) ) ( VP ( VBP are ) ( VP ( VBG facing ) ( NP ( JJ similar ) ( NNS comparisons ) ) ) ) )

But many newspapers are facing similar comparisons


( S ( NP-SBJ ( NP ( DT The ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN cable ) ( NN franchise ) ) ) ) ( VP ( VBD brought ) ( NP ( NP ( DT an ) ( JJ after-tax ) ( NN gain ) ) ( PP ( IN of ) ( NP ( QP ( CD 193.3 ) ( CD million ) ) ) ) ( SBAR ( WHNP-1 ( WHNP ( NN part ) ) ( WHPP ( IN of ) ( WHNP ( WDT which ) ) ) ) ( S ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN used ) ( S-CLR ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( NN debt ) ) ) ) ) ) ) ) ) ) ) ) )

The sale of the company 's cable franchise brought an after-tax gain of 193.3 million part of which will be used to reduce debt


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( ADVP ( RB also ) ) ( VP ( VBZ has ) ( NP ( DT a ) ( JJ stock-repurchase ) ( NN plan ) ) ) )

The company also has a stock-repurchase plan


( S ( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBN impressed ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN performance ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN newspaper ) ( NN group ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ consists ) ( PP-CLR ( IN of ) ( NP ( NP ( DT the ) ( NNP Times ) ) ( NP ( CD 35 ) ( JJ regional ) ( NNS newspapers ) ) ( CC and ) ( NP ( NP ( DT a ) ( JJ one-third ) ( NN interest ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP International ) ( NNP Herald ) ( NNP Tribune ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( NP ( NN group ) ( NN operating ) ( NN profit ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN quarter ) ) ) ) ( VP ( VBD increased ) ( ADVP-EXT ( RB slightly ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 34.9 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 34.5 ) ( CD million ) ) ) ) ( PP ( IN on ) ( NP ( JJ flat ) ( NN revenue ) ) ) ) ) )

Analysts said they were impressed by the performance of the company 's newspaper group which consists of the Times 35 regional newspapers and a one-third interest in the International Herald Tribune group operating profit for the quarter increased slightly to 34.9 million from 34.5 million on flat revenue


( S ( NP-SBJ ( NP ( NNP Drexel ) ( NNP Burnham ) ( POS 's ) ) ( NNP Mr. ) ( NNP Reidy ) ) ( VP ( VBD pointed ) ( PRT ( RP out ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS profits ) ) ( VP ( VBD held ) ( PRT ( RP up ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ tough ) ( NN revenue ) ( NN environment ) ) ) ) ) ) ) )

Drexel Burnham 's Mr. Reidy pointed out that profits held up in a tough revenue environment


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( JJ good ) ( NN sign ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NNS profits ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ stable ) ) ( PP-TMP ( IN during ) ( NP ( NP ( DT a ) ( NN time ) ) ( SBAR ( S ( NP-SBJ ( NN revenue ) ) ( VP ( VBZ is ) ( PP-LOC-PRD ( IN in ) ( NP ( DT the ) ( NN trough ) ) ) ) ) ) ) ) ) ) ) ) )

That 's a good sign when profits are stable during a time revenue is in the trough


( S ( NP-SBJ-1 ( NP ( NNP Banco ) ( NNP Popular ) ( IN de ) ( NNP Puerto ) ( NNP Rico ) ) ( CC and ) ( NP ( NNP BanPonce ) ( NNP Corp. ) ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB merge ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN transaction ) ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 324 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) )

Banco Popular de Puerto Rico and BanPonce Corp. agreed to merge in a transaction valued at 324 million


( S ( PP-LOC ( IN Under ) ( NP ( DT the ) ( NN agreement ) ) ) ( NP-SBJ-1 ( NNP BanPonce ) ( NNS stockholders ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB exchange ) ( NP ( NP ( DT each ) ) ( PP ( IN of ) ( NP ( PRP$ their ) ( NNS shares ) ) ) ) ( PP-CLR ( IN for ) ( NP ( CC either ) ( NP ( NP ( NNS shares ) ) ( PP ( IN in ) ( NP ( DT the ) ( JJ new ) ( NN entity ) ) ) ) ( CC or ) ( NP ( NN cash ) ) ) ) ) ) ) ) ) ) )

Under the agreement BanPonce stockholders will be able to exchange each of their shares for either shares in the new entity or cash


( S ( PP-LOC ( IN In ) ( NP ( DT each ) ( NN case ) ) ) ( NP-SBJ-1 ( DT the ) ( NN exchange ) ) ( VP ( VBZ is ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 56.25 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) )

In each case the exchange is valued at 56.25 a share


( S ( NP-SBJ ( DT The ) ( CD two ) ( NNS companies ) ) ( S-ADV ( NP-SBJ-1 ( DT both ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NNP San ) ( NNP Juan ) ) ) ) ) ( VP ( MD will ) ( VP ( VB form ) ( NP ( NP ( DT a ) ( NN bank ) ( VBG holding ) ( NN company ) ) ( PP ( IN with ) ( NP ( NP ( NNS assets ) ) ( PP ( IN of ) ( NP ( QP ( RB just ) ( IN over ) ( CD 9 ) ( CD billion ) ) ) ) ) ) ) ) ) )

The two companies both based in San Juan will form a bank holding company with assets of just over 9 billion


( S ( NP-SBJ-1 ( DT The ) ( VBG holding ) ( NN company ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN called ) ( S ( NP-PRD ( NNP BanPonce ) ( NNP Corp ) ) ) ) ) ) )

The holding company will be called BanPonce Corp


( S ( NP-SBJ-1 ( DT The ) ( JJ primary ) ( NN subsidiary ) ) ( VP ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( NP ( DT the ) ( VBN combined ) ( NN banking ) ( NNS operations ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD two ) ( NNS companies ) ) ) ) ) ) ( CC and ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN known ) ( PP-CLR ( IN as ) ( NP ( NNP Banco ) ( NNP Popular ) ( IN de ) ( NNP Puerto ) ( NNP Rico ) ) ) ) ) ) ) )

The primary subsidiary will be the combined banking operations of the two companies and will be known as Banco Popular de Puerto Rico


( S ( NP-SBJ ( NP ( NNP Rafael ) ( NNP Carrion ) ( NNP Jr. ) ) ( NP ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( NNP Banco ) ( NNP Popular ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( NP ( DT the ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( DT the ) ( VBG holding ) ( NN company ) ) ) ) ) ) )

Rafael Carrion Jr. chairman of Banco Popular will be the chairman of the holding company


( S ( NP-SBJ ( NP ( NNP Alberto ) ( NNP M. ) ( NNP Paracchini ) ) ( RRC ( ADVP-TMP ( RB currently ) ) ( NP ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( NNP BanPonce ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB serve ) ( PP-CLR ( IN as ) ( NP ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN bank ) ( VBG holding ) ( NN company ) ) ) ) ( CC and ) ( NP ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN subsidiary ) ) ) ) ) ) ) ) )

Alberto M. Paracchini currently chairman of BanPonce will serve as president of the bank holding company and chairman of the subsidiary


( S ( NP-SBJ ( NNP Banco ) ( NNP Popular ) ) ( ADVP ( RB originally ) ) ( VP ( VBD proposed ) ( NP ( DT the ) ( NN merger ) ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN cash ) ( CC and ) ( NN stock ) ( NN transaction ) ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( NP ( NP ( CD 50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( CC or ) ( NP ( QP ( RB about ) ( CD 293 ) ( CD million ) ) ) ) ) ) ) ) ) )

Banco Popular originally proposed the merger in July in a cash and stock transaction valued at 50 a share or about 293 million


( S-3 ( NP-SBJ-1 ( NNP BanPonce ) ) ( VP ( VP ( VBD reacted ) ( ADVP-MNR ( RB cooly ) ) ( PP-TMP ( IN at ) ( ADJP ( JJ first ) ) ) ) ( CC but ) ( VP ( VBD appeared ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN won ) ( PRT ( RP over ) ) ( PRN ( S ( NP-SBJ ( NNS analysts ) ) ( VP ( VBD said ) ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Banco ) ( NNP Popular ) ( POS 's ) ) ( NNS assurances ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD wanted ) ( NP ( RB only ) ( DT a ) ( JJ friendly ) ( NN transaction ) ) ) ) ) ) ) ) ) ) ) ) ) )

BanPonce reacted cooly at first but appeared to be won over analysts said by Banco Popular 's assurances that it wanted only a friendly transaction


( SINV ( S-TPC-2 ( NP-SBJ-1 ( NNP Banco ) ( NNP Popular ) ) ( ADVP ( RB just ) ) ( VP ( VBD kept ) ( S ( VP ( VBG waiting ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Edward ) ( NNP Thompson ) ) ( NP ( NP ( DT a ) ( NX ( NX ( NN vice ) ( NN president ) ) ( CC and ) ( NX ( NN analyst ) ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Thomson ) ( NNP BankWatch ) ( NNP Inc. ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ) ) )

Banco Popular just kept waiting said Edward Thompson a vice president and analyst at Thomson BankWatch Inc. in New York


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBD got ) ( NP ( NP ( DT a ) ( NN transaction ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ 's ) ( ADJP-PRD ( JJ good ) ( PP ( IN for ) ( NP ( DT both ) ( NNS companies ) ) ) ) ) ) ) ) ) )

They got a transaction that 's good for both companies


( S ( NP-SBJ-1 ( DT The ) ( CD two ) ( NNS banks ) ) ( VP ( VBP appear ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( JJ good ) ( NN fit ) ) ) ) ) ) )

The two banks appear to be a good fit


( S ( NP-SBJ ( NNP BanPonce ) ) ( VP ( VBZ caters ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( ADJP ( RBR more ) ( JJ affluent ) ) ( NN customer ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NNP Banco ) ( NNP Popular ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB always ) ) ( VP ( VBD had ) ( NP ( NP ( DT a ) ( JJ large ) ( NN presence ) ) ( PP ( IN among ) ( NP ( ADJP ( JJ middle-income ) ( CC and ) ( JJ lower-income ) ) ( NNS markets ) ) ) ) ) ) ) ) ) )

BanPonce caters to a more affluent customer while Banco Popular has always had a large presence among middle-income and lower-income markets


( S ( NP-SBJ ( DT The ) ( NN merger ) ) ( VP ( MD should ) ( ADVP ( RB also ) ) ( VP ( VB allow ) ( S ( NP-SBJ-1 ( DT the ) ( NNS companies ) ) ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( NNS costs ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG combining ) ( NP ( NP ( NNS operations ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ many ) ( NNS locations ) ) ( PP-LOC ( IN in ) ( NP ( NNP Puerto ) ( NNP Rico ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The merger should also allow the companies to reduce costs by combining operations in many locations in Puerto Rico


( S ( S-TPC-1 ( NP-SBJ ( PRP They ) ) ( VP ( VBP 're ) ( ADVP-TMP ( RB often ) ) ( PP-LOC-PRD ( ADVP ( JJ right ) ) ( PP ( IN across ) ( NP ( DT the ) ( NN street ) ) ) ( PP ( IN from ) ( NP ( CD one ) ( DT another ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Thompson ) ) ( VP ( VBD said ) ) )

They 're often right across the street from one another Mr. Thompson said


( S ( NP-SBJ ( NP ( NNP Richard ) ( NNP Carrion ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ is ) ( ADVP-TMP ( RB currently ) ) ( NP-PRD ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ( PP ( IN of ) ( NP ( NNP Banco ) ( NNP Popular ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN merger ) ) ( VP ( MD will ) ( VP ( VB result ) ( PP-CLR ( IN in ) ( NP ( DT a ) ( ADJP ( JJR larger ) ( CC and ) ( JJR stronger ) ) ( ADJP ( RB locally ) ( VBN based ) ) ( NN bank ) ) ) ) ) ) ) ) )

Richard Carrion who is currently president and chief executive officer of Banco Popular said the merger will result in a larger and stronger locally based bank


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Carrion ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( MD will ) ( ADVP-TMP ( RB now ) ) ( VP ( VB serve ) ( PP-CLR ( IN as ) ( NP ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN subsidiary ) ( NN bank ) ) ) ) ) ) ) ) ) ) ( VP ( VBD added ) ( S ( NP-SBJ-2 ( PRP We ) ) ( VP ( MD 'll ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( ADVP-MNR ( RBR better ) ) ( VB compete ) ( PP-CLR ( IN with ) ( NP ( JJ large ) ( JJ foreign ) ( NNS banks ) ) ) ) ) ) ) ) ) ) ) )

Mr. Carrion who will now serve as president and chief executive officer of the subsidiary bank added We 'll be able to better compete with large foreign banks


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ makes ) ( NP ( NN sense ) ) ( PP ( IN from ) ( NP ( DT a ) ( JJ strategic ) ( NN standpoint ) ) ) ) )

It makes sense from a strategic standpoint


( S ( NP-SBJ ( DT The ) ( ADJP ( RB newly ) ( VBN merged ) ) ( NN company ) ) ( VP ( MD will ) ( VP ( VB have ) ( NP ( NP ( NP ( CD 165 ) ( NNS branches ) ) ( PP-LOC ( IN in ) ( NP ( NNP Puerto ) ( NNP Rico ) ) ) ) ( CC and ) ( NP ( NP ( CD 27 ) ( NNS branches ) ) ( ADVP-LOC ( JJ outside ) ( PP ( IN of ) ( NP ( DT the ) ( NN island ) ) ) ) ) ) ) ) )

The newly merged company will have 165 branches in Puerto Rico and 27 branches outside of the island


( S ( NP-SBJ ( DT The ) ( NNS banks ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB expect ) ( S ( NP-SBJ ( DT the ) ( NN merger ) ) ( VP ( TO to ) ( VP ( VB face ) ( NP ( DT any ) ( JJ regulatory ) ( NNS hurdles ) ) ) ) ) ) ) ) ) ) )

The banks said they do n't expect the merger to face any regulatory hurdles


( S ( NP-SBJ ( NNP Mr. ) ( NNP Carrion ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( NN merger ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN completed ) ( PP-TMP ( IN in ) ( NP ( QP ( CD six ) ( TO to ) ( CD nine ) ) ( NNS months ) ) ) ) ) ) ) ) ) )

Mr. Carrion said the merger should be completed in six to nine months


( S ( NP-SBJ ( DT The ) ( JJ Spanish ) ( NN author ) ( NNP Camilo ) ( NNP Jose ) ( NNP Cela ) ) ( VP ( VP ( VBD won ) ( NP ( NP ( DT the ) ( NNP Nobel ) ( NNP Prize ) ) ( PP ( IN for ) ( NP ( NN literature ) ) ) ) ( NP-TMP ( NN yesterday ) ) ) ( NP ( NP ( DT a ) ( JJ surprising ) ( NN choice ) ) ( CC but ) ( PRN ( PP ( VBN given ) ( NP ( NP ( DT the ) ( NNP Swedish ) ( NNP Academy ) ( POS 's ) ) ( JJ past ) ( NNS perversities ) ) ) ) ( ADVP ( RB hardly ) ) ( NP ( NP ( DT the ) ( ADJP ( ADJP ( RBS most ) ( JJ undeserved ) ) ( CC and ) ( ADJP ( JJ ridiculous ) ) ) ( NN accolade ) ) ( VP ( VBN handed ) ( PRT ( RP out ) ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( VBG awarding ) ( NN committee ) ) ) ) ) ) ) )

The Spanish author Camilo Jose Cela won the Nobel Prize for literature yesterday a surprising choice but given the Swedish Academy 's past perversities hardly the most undeserved and ridiculous accolade handed out by the awarding committee


( S ( PP-LOC ( IN In ) ( NP ( NNP Spain ) ) ) ( ADVP ( RB anyway ) ) ( NP-SBJ ( DT the ) ( JJ 73-year-old ) ( NNP Mr. ) ( NNP Cela ) ) ( VP ( VBZ enjoys ) ( NP ( NP ( DT some ) ( NN renown ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NNS novels ) ( CC and ) ( NN travel ) ( NNS books ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD wrote ) ( PP-TMP ( IN during ) ( NP ( NP ( DT the ) ( JJ parched ) ( NNP Franco ) ( NNS years ) ) ( SBAR ( WHNP-2 ( NP ( NP ( DT the ) ( JJ everyday ) ( NN poverty ) ) ( CC and ) ( NP ( JJ stagnant ) ( NN atmosphere ) ) ) ( WHPP ( IN of ) ( WHNP ( WDT which ) ) ) ) ( S ( NP-SBJ-3 ( PRP he ) ) ( VP ( VBD described ) ( PP-MNR ( IN in ) ( NP ( ADJP ( RB brutally ) ( JJ direct ) ) ( JJ vivid ) ( NN prose ) ) ) ( S-ADV ( VP ( VBG beginning ) ( PP-CLR ( IN with ) ( NP ( NP-TTL ( NP ( DT The ) ( NNP Family ) ) ( PP ( IN of ) ( NP ( NNP Pascal ) ( NNP Duarte ) ) ) ) ( PRN ( NP-TMP ( CD 1942 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In Spain anyway the 73-year-old Mr. Cela enjoys some renown for the novels and travel books he wrote during the parched Franco years the everyday poverty and stagnant atmosphere of which he described in brutally direct vivid prose beginning with The Family of Pascal Duarte 1942


( S ( PP ( IN Unlike ) ( NP ( NP ( JJ other ) ( NNS writers ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( RB either ) ( VP ( VBD battled ) ( NP ( DT the ) ( NNS fascists ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NNP Civil ) ( NNP War ) ) ) ) ( CC or ) ( VP ( VBD left ) ( NP ( NNP Spain ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NNP Franco ) ) ( VP ( VBD triumphed ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-4 ( NNP Mr. ) ( NNP Cela ) ) ( VP ( VBD fought ) ( ADVP-TMP ( RB briefly ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT the ) ( NN general ) ( POS 's ) ) ( NN side ) ) ) ( NP-ADV ( DT no ) ( NN doubt ) ) ( S-ADV ( VP ( VBG earning ) ( PP-MNR ( IN with ) ( NP ( PRP$ his ) ( NN war ) ( VBN wound ) ) ) ( NP ( NP ( DT some ) ( NN forbearance ) ) ( SBAR-TMP ( WHADVP ( WRB when ) ) ( S ( NP-SBJ-3 ( PRP he ) ) ( VP ( VBD went ) ( PRT ( RP on ) ) ( S ( VP ( TO to ) ( VP ( VB depict ) ( NP ( NP ( DT a ) ( NN country ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ high ) ( NN population ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNS vagabonds ) ) ( NP ( NNS murderers ) ) ( CC and ) ( NP ( JJ rural ) ( NNS idiots ) ) ) ( VP ( VBG trudging ) ( ADVP-MNR ( RB aimlessly ) ) ( PP-DIR ( IN through ) ( NP ( DT a ) ( JJ dried-out ) ( NN land ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Unlike other writers who either battled the fascists during the Civil War or left Spain when Franco triumphed Mr. Cela fought briefly on the general 's side no doubt earning with his war wound some forbearance when he went on to depict a country with a high population of vagabonds murderers and rural idiots trudging aimlessly through a dried-out land


( S ( S-CLF ( ADVP ( RB Still ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( PP-PRD ( IN in ) ( NP ( JJ Argentine ) ( NNS editions ) ) ) ( SBAR ( WHADVP-4 ( IN that ) ) ( S ( NP-SBJ ( PRP$ his ) ( NNS countrymen ) ) ( ADVP-TMP ( RB first ) ) ( VP ( VBD read ) ( NP ( NP ( PRP$ his ) ( NN story ) ) ( PP ( IN of ) ( NP ( NP ( NNP Pascal ) ( NNP Duarte ) ) ( NP ( NP ( DT a ) ( NN field ) ( NN worker ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VP ( VBD stabbed ) ( NP ( PRP$ his ) ( NN mother ) ) ( PP-CLR ( TO to ) ( NP ( NN death ) ) ) ) ( CC and ) ( VP ( VBZ has ) ( NP ( DT no ) ( NNS regrets ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ awaits ) ( NP ( PRP$ his ) ( NN end ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN prison ) ( NN cell ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( NNP Fate ) ) ( VP ( VP ( VBZ directs ) ( NP-2 ( DT some ) ( NNS men ) ) ( PP-DIR-3 ( IN down ) ( NP ( DT the ) ( JJ flower-bordered ) ( NN path ) ) ) ) ( CC and ) ( VP ( NP=2 ( NNS others ) ) ( PP-DIR=3 ( IN down ) ( NP ( NP ( DT the ) ( NN road ) ) ( VP ( VBN bordered ) ( PP-CLR ( IN with ) ( NP ( NP ( NNS thistles ) ) ( CC and ) ( NP ( JJ prickly ) ( NNS pears ) ) ) ) ) ) ) ) ) ) )

Still it was in Argentine editions that his countrymen first read his story of Pascal Duarte a field worker who stabbed his mother to death and has no regrets as he awaits his end in a prison cell Fate directs some men down the flower-bordered path and others down the road bordered with thistles and prickly pears


( S ( NP-SBJ ( DT The ) ( JJ lucky ) ( NNS ones ) ) ( VP ( VP ( VBP gaze ) ( ADVP ( RB out ) ) ( PP-CLR ( IN at ) ( NP ( NN life ) ) ) ( PP-MNR ( IN with ) ( NP ( JJ serene ) ( NNS eyes ) ) ) ) ( CC and ) ( VP ( VBP smile ) ( PP-MNR ( IN with ) ( NP ( NP ( DT a ) ( NN face ) ) ( PP ( IN of ) ( NP ( NN innocence ) ) ) ) ) ( PP-CLR ( IN at ) ( NP ( PRP$ their ) ( JJ perfumed ) ( NN happiness ) ) ) ) ) )

The lucky ones gaze out at life with serene eyes and smile with a face of innocence at their perfumed happiness


( S ( NP-SBJ ( DT The ) ( NNS others ) ) ( VP ( VP ( VBP endure ) ( NP ( NP ( DT the ) ( JJ hot ) ( NN sun ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS plains ) ) ) ) ) ( CC and ) ( VP ( VBP scowl ) ( PP-MNR ( IN like ) ( NP ( JJ cornered ) ( JJ wild ) ( NNS beasts ) ) ) ) ) )

The others endure the hot sun of the plains and scowl like cornered wild beasts


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Cela ) ) ( NP ( PRP himself ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ lucky ) ( NNS ones ) ) ) ) ( S-ADV ( NP-SBJ ( PRP$ his ) ( NNS fortunes ) ) ( ADVP-MNR ( RB steadily ) ) ( VP ( VBG increasing ) ( PP-TMP ( IN over ) ( NP ( NP ( DT the ) ( NNS decades ) ) ( SBAR ( S ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBD spent ) ( S-CLR ( VP ( VBG putting ) ( PRT ( RP out ) ) ( NP ( QP ( DT some ) ( CD 70 ) ) ( NX ( NX ( NNS travelogues ) ) ( NX ( NNS novels ) ) ( NX ( JJ short ) ( NN story ) ( NNS collections ) ) ( CC and ) ( NX ( NN poetry ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Cela himself was one of the lucky ones his fortunes steadily increasing over the decades he spent putting out some 70 travelogues novels short story collections and poetry


( S ( NP-TMP ( DT These ) ( NNS days ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ is ) ( ADJP-PRD ( NP ( RB as ) ( VBN known ) ) ( PP ( IN for ) ( NP ( NP ( PRP$ his ) ( JJ flamboyant ) ( NNS tastes ) ) ( CC and ) ( NP ( NP ( DT the ) ( JJ youthful ) ( NN muse ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBZ shares ) ( NP ( PRP$ his ) ( NN life ) ) ) ) ) ) ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( PP-PRD ( IN for ) ( NP ( PRP$ his ) ( NNS books ) ) ) ) ) ) ) ) )

These days he is as known for his flamboyant tastes and the youthful muse who shares his life as he is for his books


( S ( NP-SBJ ( NP ( DT The ) ( NN man ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD wore ) ( PRT ( RP out ) ) ( NP ( PRP$ his ) ( NNS shoes ) ) ( S-CLR ( VP ( VBG wandering ) ( PP-DIR ( IN around ) ( NP ( NNP Guadalajara ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1958 ) ) ) ) ) ( S-ADV-4 ( VP ( VBG describing ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ his ) ( NN travel ) ( NN book ) ) ( NP-TTL ( NNP Viaje ) ( NNP a ) ( NNP la ) ( NNP Alcarria ) ) ) ) ( SBAR ( WHADVP-2 ( WRB how ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VP ( VBD scrounged ) ( PP-CLR ( IN for ) ( NP ( NN food ) ) ) ) ( CC and ) ( VP ( VBD stayed ) ( PP-LOC-CLR ( IN in ) ( NP ( JJ squalid ) ( NNS inns ) ) ) ) ) ) ) ) ) ) ) ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ tours ) ( NP ( NNP Spain ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NNP Rolls-Royce ) ) ) ) )

The man who wore out his shoes wandering around Guadalajara in 1958 describing in his travel book Viaje a la Alcarria how he scrounged for food and stayed in squalid inns now tours Spain in a Rolls-Royce


( S ( PP ( IN Of ) ( NP ( PRP$ his ) ( CD 10 ) ( NNS novels ) ) ) ( NP-SBJ-1 ( NP-TTL ( DT The ) ( NNP Hive ) ) ( PRN ( NP-TMP ( CD 1951 ) ) ) ( ADJP ( ADJP ( JJ full ) ( PP ( IN of ) ( NP ( NP ( JJ sharp ) ( NNS vignettes ) ) ( PP ( IN of ) ( NP ( NNP Madrid ) ( NN life ) ) ) ) ) ) ( CC and ) ( ADJP ( VBD centered ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( NN cafe ) ) ( VP ( VBN run ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Dona ) ( NNP Rosa ) ) ( NP ( NP ( DT a ) ( JJ foul-mouthed ) ( JJ broad-based ) ( NN woman ) ) ( PP ( IN with ) ( NP ( NP ( VBN blackened ) ( JJ little ) ( NNS teeth ) ) ( VP ( VBN encrusted ) ( PP-MNR ( IN in ) ( NP ( NN filth ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBN used ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ available ) ( PP ( IN in ) ( NP ( NNP English ) ) ) ) ( S-ADV ( VP ( VP ( VBN translated ) ( PP ( IN by ) ( NP-LGS ( NNP J.M. ) ( NNP Cohen ) ) ) ) ( CC and ) ( VP ( VBN published ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Ecco ) ( NNP Press ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( ADVP-TMP ( RB now ) ) ( NP-ADV ( DT no ) ( NN doubt ) ) ( VP ( VBZ regrets ) ( S ( VP ( VBG relinquishing ) ( NP ( PRP$ its ) ( NN copyright ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Of his 10 novels The Hive 1951 full of sharp vignettes of Madrid life and centered on a cafe run by Dona Rosa a foul-mouthed broad-based woman with blackened little teeth encrusted in filth used to be available in English translated by J.M. Cohen and published by Ecco Press which now no doubt regrets relinquishing its copyright


( SINV ( ADVP-LOC-PRD-TPC-1 ( RB Here ) ) ( VP ( VBZ is ) ) ( NP-SBJ ( DT an ) ( NN excerpt ) ) )

Here is an excerpt


( S ( NP-SBJ ( DT The ) ( JJ lonely ) ( NN woman ) ) ( VP ( VBZ walks ) ( PRT ( RP on ) ) ( PP-DIR ( IN in ) ( NP ( NP ( DT the ) ( NN direction ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Plaza ) ( IN de ) ( NNP Alonso ) ( NNP Martinez ) ) ) ) ) ) )

The lonely woman walks on in the direction of the Plaza de Alonso Martinez


( S ( NP-SBJ ( CD Two ) ( NNS men ) ) ( VP ( VBP have ) ( NP ( DT a ) ( NN conversation ) ) ( PP-LOC ( IN behind ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS windows ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN cafe ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN corner ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN boulevard ) ) ) ) ) ) ) ) ) ) ) ) )

Two men have a conversation behind one of the windows of the cafe on the corner of the boulevard


( S ( NP-SBJ ( DT Both ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ young ) ) ( S-ADV ( S ( NP-SBJ ( CD one ) ) ( ADJP-PRD ( CD twenty ) ( JJ odd ) ) ) ( S ( NP-SBJ ( DT the ) ( JJ other ) ) ( ADJP-PRD ( CD thirty ) ( JJ odd ) ) ) ) ) )

Both are young one twenty odd the other thirty odd


( S ( S ( NP-SBJ ( DT The ) ( JJR older ) ( CD one ) ) ( VP ( VBZ looks ) ( PP-CLR ( IN like ) ( NP ( NP ( DT a ) ( NN member ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN jury ) ) ( PP ( IN for ) ( NP ( DT a ) ( JJ literary ) ( NN award ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( DT the ) ( JJR younger ) ( CD one ) ) ( VP ( VBZ looks ) ( PP-CLR ( IN like ) ( NP ( DT a ) ( NN novelist ) ) ) ) ) )

The older one looks like a member of the jury for a literary award the younger one looks like a novelist


( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ evident ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( PRP$ their ) ( NN conversation ) ) ( VP ( VBZ runs ) ( ADVP ( RBR more ) ( CC or ) ( RBR less ) ) ( PP-MNR ( IN on ) ( NP ( NP ( DT the ) ( JJ following ) ( NNS lines ) ) ( S ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 've ) ( VP ( VBN submitted ) ( NP ( NP ( DT the ) ( NN manuscript ) ) ( PP ( IN of ) ( NP ( PRP$ my ) ( NN novel ) ) ) ) ( PP-MNR ( IN under ) ( NP ( NP ( DT the ) ( NN title ) ) ( NP-TTL ( NNP Teresa ) ( IN de ) ( NNP Cepeda ) ) ) ) ) ) ) ( CC and ) ( S ( PP-LOC ( IN in ) ( NP ( PRP it ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBP 've ) ( VP ( VBN treated ) ( NP ( NP ( DT a ) ( JJ few ) ( VBN neglected ) ( NNS aspects ) ) ( PP ( IN of ) ( NP ( NP ( DT that ) ( JJ eternal ) ( NN problem ) ) ( SBAR ( WHNP ( WDT which ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It is evident that their conversation runs more or less on the following lines I 've submitted the manuscript of my novel under the title Teresa de Cepeda and in it I 've treated a few neglected aspects of that eternal problem which


Oh yes


( SQ ( MD Will ) ( NP-SBJ ( PRP you ) ) ( VP ( VBP pour ) ( NP-BNF ( PRP me ) ) ( NP ( NP ( DT a ) ( NN drop ) ) ( PP ( IN of ) ( NP ( NN water ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB mind ) ) ) ) ) ) )

Will you pour me a drop of water if you do n't mind


( PP-MNR ( IN With ) ( NP ( NN pleasure ) ) )

With pleasure


( S ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 've ) ( VP ( VBN revised ) ( NP ( PRP it ) ) ( NP-TMP ( JJ several ) ( NNS times ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( PRP I ) ) ( VP ( MD may ) ( VP ( VB say ) ( PP-MNR ( IN with ) ( NP ( NN pride ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( RB not ) ( NP-PRD ( NP ( DT a ) ( JJ single ) ( JJ discordant ) ( NN word ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ whole ) ( NN text ) ) ) ) ) ) ) ) ) ) ) ) ) )

I 've revised it several times and I think I may say with pride that there is not a single discordant word in the whole text


( FRAG ( WHADVP ( WRB How ) ( JJ interesting ) ) )

How interesting


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( ADVP ( RB so ) ) ) )

I think so


( S ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB know ) ( NP ( NP ( DT the ) ( NN quality ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS works ) ) ( SBAR ( S ( NP-SBJ ( PRP$ my ) ( NNS colleagues ) ) ( VP ( VBP have ) ( VP ( VBN sent ) ( PP-DIR ( RP in ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( PP ( IN in ) ( NP ( DT any ) ( NN case ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBP feel ) ( ADJP-PRD ( JJ confident ) ( SBAR ( IN that ) ( FRAG ( NP ( NP ( JJ good ) ( NN sense ) ) ( CC and ) ( NP ( JJ honest ) ( NN judgment ) ) ) ) ) ) ) ) )

I do n't know the quality of the works my colleagues have sent in but in any case I feel confident that good sense and honest judgment


( S ( S ( VP ( VB Rest ) ( S-CLR ( ADJP-PRD ( VBN assured ) ) ) ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP proceed ) ( PP-MNR ( IN with ) ( NP ( JJ exemplary ) ( NN fairness ) ) ) ) ) )

Rest assured we proceed with exemplary fairness


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB doubt ) ( NP ( PRP it ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN moment ) ) ) ) ) )

I do n't doubt it for a moment


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ does ) ( RB not ) ( VP ( VB matter ) ( SBAR ( IN if ) ( S ( NP-SBJ-1 ( PRP one ) ) ( VP ( VBZ is ) ( VP ( VBN defeated ) ) ) ) ) ( PP ( VBD provided ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN work ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ gets ) ( NP ( DT the ) ( NN award ) ) ) ) ) ) ( VP ( VBZ has ) ( NP ( JJ unmistakable ) ( NNS qualities ) ) ) ) ) ) ) ) )

It does not matter if one is defeated provided the work that gets the award has unmistakable qualities


( S ( SBAR-NOM-SBJ ( WHNP-1 ( WP What ) ) ( S ( VP ( VBZ 's ) ( ADJP-PRD ( RB so ) ( JJ discouraging ) ) ) ) ) ( VP ( VBZ is ) ) )

What 's so discouraging is


( S ( PP-LOC ( IN In ) ( S-NOM ( VP ( VBG passing ) ( NP ( DT the ) ( NN window ) ) ) ) ) ( NP-SBJ-1 ( NNP Senorita ) ( NNP Elvira ) ) ( VP ( VBZ gives ) ( NP ( PRP them ) ) ( NP ( DT a ) ( NN smile ) ) ( ADVP ( RB simply ) ) ( PP ( IN out ) ( PP ( IN of ) ( NP ( NN habit ) ) ) ) ) )

In passing the window Senorita Elvira gives them a smile simply out of habit


( S ( NP-SBJ ( NNP Raymond ) ( NNP Chandler ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( CD 1950 ) ( NN letter ) ) ( VP ( VBG defending ) ( NP ( DT a ) ( JJ weak ) ( NNP Hemingway ) ( NN book ) ) ) ) ) ( VP ( VBD likened ) ( NP ( DT a ) ( NN champion ) ( NN writer ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( NN baseball ) ( NN pitcher ) ) ) ) )

Raymond Chandler in a 1950 letter defending a weak Hemingway book likened a champion writer to a baseball pitcher


( S-2 ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( DT the ) ( NN champ ) ) ( VP ( VBZ has ) ( VP ( VBN lost ) ( NP ( PRP$ his ) ( NN stuff ) ) ) ) ) ) ( PRN ( S ( NP-SBJ ( DT the ) ( JJ great ) ( NN mystery ) ( NN novelist ) ) ( VP ( VBD wrote ) ) ) ) ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD can ) ( ADVP-TMP ( RB no ) ( RB longer ) ) ( VP ( VB throw ) ( NP ( DT the ) ( JJ high ) ( JJ hard ) ( CD one ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ throws ) ( NP ( PRP$ his ) ( NN heart ) ) ( ADVP ( RB instead ) ) ) )

When the champ has lost his stuff the great mystery novelist wrote when he can no longer throw the high hard one he throws his heart instead


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ throws ) ( NP ( NN something ) ) ) )

He throws something


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ does ) ( RB n't ) ( ADVP ( RB just ) ) ( VP ( VP ( VB walk ) ( PP-DIR ( IN off ) ( NP ( DT the ) ( NN mound ) ) ) ) ( CC and ) ( VP ( NN weep ) ) ) ) )

He does n't just walk off the mound and weep


( S ( NP-SBJ ( NNP Chandler ) ) ( VP ( MD might ) ( VP ( VB have ) ( VP ( VBN been ) ( VP ( VBG predicting ) ( NP ( NP ( DT the ) ( NN course ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( JJ own ) ( NN career ) ) ) ) ) ) ) ) )

Chandler might have been predicting the course of his own career


( S ( NP-SBJ ( NP ( NP ( PRP$ His ) ( JJ last ) ( VBN published ) ( NN novel ) ) ( VP ( VBG featuring ) ( NP ( JJ private ) ( NN detective ) ( NNP Philip ) ( NNP Marlowe ) ) ) ) ( NP ( NP ( DT the ) ( JJ inferior ) ( NX-TTL ( NNP Playback ) ) ) ( PRN ( NP-TMP ( CD 1958 ) ) ) ) ) ( PP-TMP ( IN at ) ( NP ( NNS times ) ) ) ( VP ( VBD read ) ( ADVP ( RB almost ) ) ( PP-MNR ( IN like ) ( NP ( NP ( DT a ) ( NN parody ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( JJ previous ) ( NN work ) ) ) ) ) ) )

His last published novel featuring private detective Philip Marlowe the inferior Playback 1958 at times read almost like a parody of his previous work


( S ( SBAR-TMP ( WHADVP-2 ( WRB When ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD died ) ( PP-TMP ( IN in ) ( NP ( CD 1959 ) ) ) ) ) ) ( NP-SBJ ( NNP Chandler ) ) ( VP ( VBD left ) ( PRT ( RP behind ) ) ( NP ( NP ( CD four ) ( NNS chapters ) ) ( PP ( IN of ) ( NP ( NP ( RB yet ) ( DT another ) ( NNP Marlowe ) ( NN book ) ) ( NP-TTL ( DT The ) ( NNP Poodle ) ( NNP Springs ) ( NNP Story ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD seemed ) ( S ( VP ( TO to ) ( VP ( VB go ) ( PP-DIR ( PP ( IN beyond ) ( NP ( NN parody ) ) ) ( PP ( IN into ) ( NP ( NP ( NN something ) ) ( PP ( IN like ) ( NP ( JJ burlesque ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

When he died in 1959 Chandler left behind four chapters of yet another Marlowe book The Poodle Springs Story which seemed to go beyond parody into something like burlesque


( S ( NP-SBJ ( NP-TTL ( NNP Champ ) ) ( RRC ( NP ( NP ( NNP Chandler ) ( POS 's ) ) ( JJ last ) ( NN pitch ) ) ( ADVP ( RB apparently ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( NN screwball ) ) ) )

Champ Chandler 's last pitch apparently was a screwball


( S ( ADVP-TMP ( RB Now ) ) ( NP-SBJ-1 ( NP ( NNP Robert ) ( NNP Parker ) ) ( NP ( NP ( NN author ) ) ( PP ( IN of ) ( NP ( NP ( JJ several ) ( JJS best ) ( NNS sellers ) ) ( VP ( VBG featuring ) ( NP ( NP ( NNP Spenser ) ) ( NP ( NP ( DT a ) ( JJ contemporary ) ( JJ private ) ( NN eye ) ) ( PP ( IN in ) ( NP ( DT the ) ( NNP Marlowe ) ( NN mold ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( PP-MNR ( IN with ) ( NP ( NP ( DT the ) ( NNS blessings ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Chandler ) ( NN estate ) ) ) ) ) ( VP ( VBN been ) ( VP ( VBN hired ) ( S ( VP ( TO to ) ( VP ( VB complete ) ( NP-TTL ( DT The ) ( NNP Poodle ) ( NNP Springs ) ( NNP Story ) ) ) ) ) ) ) ) )

Now Robert Parker author of several best sellers featuring Spenser a contemporary private eye in the Marlowe mold has with the blessings of the Chandler estate been hired to complete The Poodle Springs Story


( S ( NP-SBJ ( NP ( DT The ) ( NN result ) ) ( NP ( NP-TTL ( NNP Poodle ) ( NNP Springs ) ) ( PRN ( NP ( NP ( NNP Putnam ) ( POS 's ) ) ( NP ( CD 288 ) ( NNS pages ) ) ( NP ( CD 18.95 ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT an ) ( ADJP ( ADJP ( JJ entertaining ) ) ( ADJP ( JJ easy ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB read ) ) ) ) ) ) ( CC and ) ( ADJP ( RB fairly ) ( JJ graceful ) ) ) ( NN extension ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Marlowe ) ( NN chronicle ) ) ) ( ADJP ( JJ full ) ( PP ( IN of ) ( NP ( NP ( JJ hard-boiled ) ( NNS wisecracks ) ) ( CC and ) ( NP ( NNP California ) ( NN color ) ) ) ) ) ) ) )

The result Poodle Springs Putnam 's 288 pages 18.95 is an entertaining easy to read and fairly graceful extension of the Marlowe chronicle full of hard-boiled wisecracks and California color


( SINV ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ does ) ( RB not ) ( ADVP ( RB quite ) ) ( VP ( VB have ) ( NP ( NP ( NNP Chandler ) ( POS 's ) ) ( JJ special ) ( NN magic ) ) ) ) ) ) ( INTJ ( RB well ) ) ( PP-TMP ( IN at ) ( NP ( DT the ) ( NN end ) ) ) ( CC neither ) ( VBD did ) ( NP-SBJ ( NNP Chandler ) ) )

If it does not quite have Chandler 's special magic well at the end neither did Chandler


( S ( SBAR-TMP ( IN As ) ( S ( NP-SBJ ( DT the ) ( NN book ) ) ( VP ( VBZ begins ) ) ) ) ( NP-SBJ ( DT a ) ( ADJP ( RB newly ) ( VBN wed ) ) ( NNP Marlowe ) ) ( VP ( VBZ roars ) ( PP-DIR ( IN into ) ( NP ( NP ( DT the ) ( NN desert ) ( NN resort ) ) ( PP ( IN of ) ( NP ( NNP Poodle ) ( PRN ( X ( JJ a.k.a ) ( NNP Palm ) ) ) ( NNP Springs ) ) ) ) ) ( PP ( IN at ) ( NP ( NP ( DT the ) ( NN wheel ) ) ( PP ( IN of ) ( NP ( DT a ) ( NNP Cadillac ) ( NNP Fleetwood ) ) ) ) ) ) )

As the book begins a newly wed Marlowe roars into the desert resort of Poodle a.k.a Palm Springs at the wheel of a Cadillac Fleetwood


( S ( NP-SBJ ( PRP$ His ) ( NN bride ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( ADJP ( JJ rich ) ( CC and ) ( JJ beautiful ) ) ( NNP Linda ) ( NNP Loring ) ) ( NP ( NP ( DT a ) ( NN character ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( ADVP ( RB also ) ) ( VP ( VBD appeared ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Chandler ) ( POS 's ) ) ( NX ( NX-TTL ( DT The ) ( NNP Long ) ( NNP Goodbye ) ) ( CC and ) ( NX-TTL ( NNP Playback ) ) ) ) ) ) ) ) ) ) ) )

His bride is the rich and beautiful Linda Loring a character who also appeared in Chandler 's The Long Goodbye and Playback