( S ( PP ( IN Despite ) ( NP ( NP ( JJ long ) ( JJ private ) ( NNS sessions ) ) ( PP-LOC ( IN in ) ( NP ( DT both ) ( NP ( NNP New ) ( NNP York ) ) ( CC and ) ( NP ( NNP Dallas ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( CD two ) ( NNS sides ) ) ( VP ( VBD ended ) ( NP ( DT the ) ( NN week ) ) ( NP-MNR ( NP ( NP ( CD 6,000 ) ( NNS miles ) ) ( CC and ) ( NP ( JJ many ) ( NNS dollars ) ) ) ( ADVP ( RB apart ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NN attorney ) ( NNP Hugh ) ( NNP Ray ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ represents ) ( NP ( NNPS Manufacturers ) ( NNP Hanover ) ) ) ) ) ) ) ) ) )

Despite long private sessions in both New York and Dallas the two sides ended the week 6,000 miles and many dollars apart according to attorney Hugh Ray who represents Manufacturers Hanover


( S ( ADVP-TMP ( RB Meanwhile ) ) ( PP-LOC ( IN inside ) ( NP ( DT the ) ( NN courtroom ) ) ) ( NP-SBJ ( DT the ) ( NN judge ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD would ) ( VP ( VB fine ) ( NP ( NP ( NNS attorneys ) ) ( PP ( IN for ) ( NP ( DT the ) ( CD two ) ( NNS creditors ) ) ) ) ( NP-ADV ( CD 50 ) ) ( NP-TMP ( NP ( DT every ) ( NN time ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD referred ) ( PP-CLR ( TO to ) ( NP ( DT each ) ( JJ other ) ) ) ( PP-CLR ( IN with ) ( NP ( NP ( NNS terms ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NN liar ) ( CC or ) ( NN slime ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Meanwhile inside the courtroom the judge said he would fine attorneys for the two creditors 50 every time they referred to each other with terms such as liar or slime


( S ( NP-SBJ ( NP ( DT All ) ( CD three ) ( JJ major ) ( NNS creditors ) ) ( NP ( NP ( DT the ) ( NNP IRS ) ) ( NP ( NNP Minpeco ) ) ( CC and ) ( NP ( NNPS Manufacturers ) ( NNP Hanover ) ) ) ) ( VP ( VP ( VBD voted ) ( PP-CLR ( IN against ) ) ) ( CC and ) ( VP ( ADVP ( RB effectively ) ) ( VBD doomed ) ) ( NP-1 ( NP ( DT a ) ( NN reorganization ) ( NN plan ) ) ( VP ( VBN proposed ) ( PP ( IN by ) ( NP-LGS ( NNP Mr. ) ( NNP Hunt ) ) ) ) ) ) )

All three major creditors the IRS Minpeco and Manufacturers Hanover voted against and effectively doomed a reorganization plan proposed by Mr. Hunt


( S ( NP-SBJ-1 ( NP ( DT A ) ( NN reorganization ) ( NN plan ) ) ( VP ( VBN proposed ) ( ADVP-MNR ( RB jointly ) ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNP IRS ) ) ( CC and ) ( NP ( NNPS Manufacturers ) ( NNP Hanover ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN stalled ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( JJ negative ) ( NN vote ) ) ( PP ( IN from ) ( NP ( NNP Minpeco ) ) ) ) ) ) ) )

A reorganization plan proposed jointly by the IRS and Manufacturers Hanover was stalled by a negative vote from Minpeco


( S ( NP-SBJ ( NP ( DT The ) ( NN mineral ) ( NN concern ) ( POS 's ) ) ( JJ own ) ( NN reorganization ) ( NN plan ) ) ( VP ( VBD met ) ( NP ( DT a ) ( JJ similar ) ( NN fate ) ) ( PP-TMP ( IN after ) ( NP ( NP ( NN opposition ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NNP IRS ) ) ( CC and ) ( NP ( NNPS Manufacturers ) ( NNP Hanover ) ) ) ) ) ) ) )

The mineral concern 's own reorganization plan met a similar fate after opposition from the IRS and Manufacturers Hanover


( S ( S ( NP-SBJ ( DT Neither ) ( NN plan ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ dead ) ) ) ( ADVP ( RB however ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( DT the ) ( NN judge ) ) ( VP ( MD could ) ( VP ( VB force ) ( S ( NP-SBJ ( NNS creditors ) ) ( VP ( TO to ) ( VP ( VB accept ) ( NP ( NP ( DT some ) ( NN version ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ) ) ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG ruling ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NNPS Minpeco-Manufacturers ) ( NNP Hanover ) ( NN dispute ) ) ) ) ) ) ) ) ) )

Neither plan is dead however and the judge could force creditors to accept some version of them after ruling on the Minpeco-Manufacturers Hanover dispute


( S ( ADVP-TMP ( RB Meanwhile ) ) ( NP-SBJ ( NN settlement ) ( NNS negotiations ) ) ( VP ( VBP continue ) ( PP-LOC ( IN between ) ( NP ( NP ( NNP Mr. ) ( NNP Hunt ) ) ( CC and ) ( NP ( NP ( DT the ) ( NNP IRS ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ has ) ( ADVP-TMP ( RB already ) ) ( VP ( VBN reached ) ( NP ( NP ( DT a ) ( JJ tentative ) ( NN agreement ) ) ( PP ( IN with ) ( NP ( NNP Nelson ) ( NNP Bunker ) ( NNP Hunt ) ) ) ) ) ) ) ) ) ) ) ) )

Meanwhile settlement negotiations continue between Mr. Hunt and the IRS which has already reached a tentative agreement with Nelson Bunker Hunt


( S ( NP-SBJ ( DT The ) ( CD two ) ( NNS sides ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( ADVP-PRD ( RB far ) ( RB apart ) ) ( PP ( IN on ) ( SBAR-NOM ( WHNP-3 ( WRB how ) ( JJ much ) ) ( S ( NP-SBJ-2 ( NNP Herbert ) ( NNP Hunt ) ) ( VP ( MD will ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB owe ) ( NP ( DT the ) ( NN government ) ) ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ-1 ( PRP$ his ) ( NNS assets ) ) ( VP ( VBP are ) ( VP ( VBN sold ) ) ) ) ) ) ) ) ) ) ) ) )

The two sides have been far apart on how much Herbert Hunt will continue to owe the government after his assets are sold


( S ( NP-SBJ ( NNP CRA ) ( NNP Ltd. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( NP ( DT a ) ( ADJP ( CD 40 ) ( NN % ) ) ( NN stake ) ) ( PP ( IN in ) ( NP ( NP ( PRP$ its ) ( NNP Howick ) ( NN coal ) ( NN mine ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN state ) ) ( PP ( IN of ) ( NP ( NNP New ) ( NNP South ) ( NNP Wales ) ) ) ) ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NNP Mitsubishi ) ( NNP Development ) ( NNP Pty. ) ) ( PP ( IN of ) ( NP ( NNP Japan ) ) ) ) ) ) ) ) ) ) ) ) )

CRA Ltd. said it agreed to sell a 40 % stake in its Howick coal mine in the state of New South Wales to Mitsubishi Development Pty. of Japan


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

The price was n't disclosed


( S ( NP-SBJ ( DT The ) ( NN agreement ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( NP ( NN government ) ( NN approval ) ) ) ) ) )

The agreement is subject to government approval


( S ( NP-SBJ ( NNP RA ) ) ( VP ( VBD acquired ) ( NP ( DT the ) ( NNP Howick ) ( NN coal ) ( NN mine ) ) ( NP-TMP ( NNP Oct. ) ( CD 20 ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD bought ) ( NP ( NP ( NNP British ) ( NNP Petroleum ) ( NNP Co. ) ( POS 's ) ) ( JJ Australian ) ( NN coal ) ( NNS interests ) ) ( PP-CLR ( IN for ) ( NP ( QP ( CD 275 ) ( CD million ) ) ) ) ) ) ) ) )

RA acquired the Howick coal mine Oct. 20 when it bought British Petroleum Co. 's Australian coal interests for 275 million


( S ( NP-SBJ ( NNP CRA ) ) ( VP ( VBD said ) ( ADVP-TMP ( RB then ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBG looking ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( NN partner ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN mine ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ produces ) ( NP ( NP ( NP ( QP ( JJR more ) ( IN than ) ( CD three ) ( CD million ) ) ( JJ metric ) ( NNS tons ) ) ( PP ( IN of ) ( NP ( NN coal ) ) ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

CRA said then that it was looking for a partner for the mine which produces more than three million metric tons of coal a year


( S ( NP-SBJ ( NNP CRA ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ 49%-owned ) ( PP ( IN by ) ( NP ( NP ( NNP RTZ ) ( NNP Corp. ) ) ( PP ( IN of ) ( NP ( NNP Britain ) ) ) ) ) ) ) )

CRA is 49%-owned by RTZ Corp. of Britain


( S ( NP-SBJ ( NNP Broad ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD doubled ) ( NP ( PRP$ its ) ( JJ regular ) ( JJ quarterly ) ( NN dividend ) ) ( PP-DIR ( PP ( PP ( TO to ) ( NP ( NP ( CD five ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP ( IN from ) ( NP ( NP ( CD 2.5 ) ( NNS cents ) ) ( PP-LOC ( IN on ) ( NP ( JJ common ) ) ) ) ) ) ( CC and ) ( PP ( TO to ) ( NP ( NP ( NP ( CD 4.5 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( NP ( NP ( CD 2.25 ) ( NNS cents ) ) ( PP ( IN on ) ( NP ( NNP Class ) ( NNP B ) ( NN stock ) ) ) ) ( ADJP ( JJ payable ) ( NP-TMP ( NNP Nov. ) ( CD 10 ) ) ( PP ( TO to ) ( NP ( NP ( NNS holders ) ) ( PP ( IN of ) ( NP ( NN record ) ) ) ( NP-TMP ( NNP Nov. ) ( CD 6 ) ) ) ) ) ) ) ) ) ) ) ) )

Broad Inc. said it doubled its regular quarterly dividend to five cents a share from 2.5 cents on common and to 4.5 cents a share 2.25 cents on Class B stock payable Nov. 10 to holders of record Nov. 6


( S ( NP-SBJ ( DT The ) ( JJ financial ) ( NNS services ) ( NN company ) ) ( VP ( VBD emerged ) ( PP-DIR ( IN from ) ( NP ( NP ( DT the ) ( NN restructuring ) ) ( PP ( IN of ) ( NP ( NP ( NNP Kaufman ) ( CC & ) ( NNP Broad ) ( NNP Inc. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VP ( VBD spun ) ( PRT ( RP off ) ) ( NP ( PRP$ its ) ( JJ home-building ) ( NN subsidiary ) ) ( PP-CLR ( IN into ) ( NP ( NNP Kaufman ) ( CC & ) ( NNP Broad ) ( NNP Home ) ( NNP Corp. ) ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ( CC and ) ( VP ( VBD changed ) ( NP ( PRP$ its ) ( NN name ) ) ( PP-CLR ( TO to ) ( NP ( NNP Broad ) ( NNP Inc ) ) ) ) ) ) ) ) ) ) ) ) )

The financial services company emerged from the restructuring of Kaufman & Broad Inc. which spun off its home-building subsidiary into Kaufman & Broad Home Corp. earlier this year and changed its name to Broad Inc


( S ( PP-TMP ( IN For ) ( NP ( NP ( DT the ) ( JJ 10-month ) ( JJ fiscal ) ( NN year ) ) ( VP ( VBD ended ) ( NP-TMP ( NNP Sept. ) ( CD 30 ) ) ) ) ) ( NP-SBJ ( NNP Chairman ) ( NNP Eli ) ( NNP Broad ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD expected ) ( S ( NP-SBJ ( NNS earnings ) ( NNS results ) ) ( VP ( TO to ) ( VP ( JJ approximate ) ( NP ( NP ( NP ( NNS analysts ) ( POS ' ) ) ( NNS estimates ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN revised ) ( ADVP-CLR ( RB upward ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD 80 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

For the 10-month fiscal year ended Sept. 30 Chairman Eli Broad said he expected earnings results to approximate analysts ' estimates which the company said have been revised upward to 80 cents a share


( S ( NP-SBJ ( DT This ) ) ( VP ( MD would ) ( VP ( VB compare ) ( PP-CLR ( IN with ) ( NP ( NP ( DT an ) ( VBN estimated ) ( NN loss ) ) ( PP ( IN of ) ( NP ( NP ( CD 3 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP ( IN for ) ( NP ( NP ( NP ( DT the ) ( JJ comparable ) ( CD 10 ) ( NNS months ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD included ) ( NP ( NN restructuring ) ( NNS costs ) ) ) ) ) ) ) ) ) ) ) )

This would compare with an estimated loss of 3 cents a share for the comparable 10 months last year which included restructuring costs


( S ( S-TPC-1 ( NP-SBJ ( NNP Ultimate ) ( NNP Corp. ) ) ( VP ( VBD signed ) ( NP ( NP ( DT a ) ( NN letter ) ) ( PP ( IN of ) ( NP ( NN intent ) ( S ( VP ( TO to ) ( VP ( VB market ) ( NP ( NNP Hewlett-Packard ) ( NNP Co. ) ( NNS minicomputers ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNS companies ) ) ( VP ( VBD said ) ) )

Ultimate Corp. signed a letter of intent to market Hewlett-Packard Co. minicomputers the companies said


( S ( S ( NP-SBJ ( NNP Ultimate ) ) ( VP ( VBZ expects ) ( S ( NP-SBJ ( DT the ) ( ADJP ( CD 3 ) ( JJ 1\/2-year ) ) ( NN agreement ) ) ( VP ( TO to ) ( VP ( VB generate ) ( NP ( NP ( QP ( CD 100 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS sales ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB estimate ) ( NP ( NN profit ) ) ) ) ) )

Ultimate expects the 3 1\/2-year agreement to generate 100 million in sales but it would n't estimate profit


( S ( PP-LOC ( IN Under ) ( NP ( NP ( NNS terms ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN pact ) ) ) ) ) ( NP-SBJ ( NP ( NNP Ultimate ) ) ( NP ( DT a ) ( NNS computer-systems ) ( NN concern ) ) ) ( VP ( MD will ) ( VP ( VB market ) ( NP ( NP ( DT the ) ( JJ full ) ( NN line ) ) ( PP ( IN of ) ( NP ( NNP HP ) ( CD 9000 ) ( NN series ) ( CD 800 ) ( JJ multipleuser ) ( NNS minicomputers ) ) ) ) ) ) )

Under terms of the pact Ultimate a computer-systems concern will market the full line of HP 9000 series 800 multipleuser minicomputers


( S ( NP-SBJ-1 ( NNP Hewlett-Packard ) ) ( VP ( VBZ is ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Palo ) ( NNP Alto ) ) ( NP ( NNP Calif ) ) ) ) ) ) )

Hewlett-Packard is based in Palo Alto Calif


( S ( NP-SBJ-1 ( NNP Automatic ) ( NNP Data ) ( NNP Processing ) ( NNP Inc. ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB redeem ) ( PP-TMP ( IN on ) ( NP ( NNP Nov. ) ( CD 16 ) ) ) ( NP ( NP ( PRP$ its ) ( QP ( CD 150 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( ADJP ( CD 6.5 ) ( NN % ) ) ( JJ convertible ) ( VBN subordinated ) ( NNS debentures ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP March ) ( CD 1 ) ( CD 2011 ) ) ) ) ) ) ) ) ) ) )

Automatic Data Processing Inc. plans to redeem on Nov. 16 its 150 million of 6.5 % convertible subordinated debentures due March 1 2011


( S ( NP-SBJ ( DT The ) ( JJ computing-services ) ( NN concern ) ) ( VP ( MD will ) ( VP ( VB pay ) ( NP ( CD 1,059.04 ) ) ( PP ( IN for ) ( NP ( NP ( DT each ) ( ADJP ( CD 1,000 ) ) ( NN face ) ( NN amount ) ) ( PP ( IN of ) ( NP ( NN debt ) ) ) ) ) ) ) )

The computing-services concern will pay 1,059.04 for each 1,000 face amount of debt


( S ( NP-SBJ ( NP ( DT The ) ( NN conversion ) ( NN price ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNS debentures ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD 41.725 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) )

The conversion price for the debentures is 41.725 a share


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-TMP ( NNP Friday ) ) ( NP-SBJ ( NNP Automatic ) ( NNP Data ) ) ( VP ( VBD closed ) ( PP-LOC-CLR ( IN at ) ( NP ( NP ( CD 46.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP ( RB down ) ( NP ( CD 2.25 ) ) ) ) )

In New York Stock Exchange composite trading Friday Automatic Data closed at 46.50 a share down 2.25


( S ( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ-1 ( PDT all ) ( DT the ) ( NN debt ) ) ( VP ( VBZ is ) ( VP ( VBN converted ) ( PP-CLR ( TO to ) ( NP ( JJ common ) ) ) ) ) ) ) ( NP-SBJ ( NNP Automatic ) ( NNP Data ) ) ( VP ( MD will ) ( VP ( VB issue ) ( NP ( QP ( IN about ) ( CD 3.6 ) ( CD million ) ) ( NNS shares ) ) ) ) ) ( S ( NP-TMP ( JJ last ) ( NNP Monday ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD had ) ( NP ( NP ( QP ( RB nearly ) ( CD 73 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) )

If all the debt is converted to common Automatic Data will issue about 3.6 million shares last Monday the company had nearly 73 million shares outstanding


( S ( S-TPC-1 ( NP-SBJ ( NNP Automatic ) ( NNP Data ) ) ( VP ( VBZ is ) ( VP ( JJ redeeming ) ( NP ( DT the ) ( NNS bonds ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( NP ( DT the ) ( JJ after-tax ) ( NN cost ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN interest ) ) ( PP ( IN on ) ( NP ( DT the ) ( NNS bonds ) ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( JJR higher ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( NN dividend ) ( NN yield ) ) ( PP ( IN on ) ( NP ( DT the ) ( JJ common ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( NN spokesman ) ) ( VP ( VBD said ) ) )

Automatic Data is redeeming the bonds because the after-tax cost of the interest on the bonds is higher than the dividend yield on the common a spokesman said


( S ( PP ( IN Like ) ( NP ( NP ( ADJP ( RB so ) ( JJ many ) ) ( NNS trends ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN entertainment ) ( NN industry ) ) ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( JJ current ) ( NN spate ) ) ( PP ( IN of ) ( NP ( NN rape ) ( NN dramas ) ) ) ( PP-LOC ( IN on ) ( NP ( NN television ) ) ) ) ( VP ( VBZ seems ) ( S ( VP ( TO to ) ( VP ( VB represent ) ( NP ( NP ( DT a ) ( NN confluence ) ) ( PP ( IN of ) ( NP ( NN high-mindedness ) ( CC and ) ( NN self-interest ) ) ) ) ) ) ) ) )

Like so many trends in the entertainment industry the current spate of rape dramas on television seems to represent a confluence of high-mindedness and self-interest


( S ( NP-SBJ ( DT The ) ( NN former ) ) ( VP ( VBZ comes ) ( PP-CLR ( IN from ) ( NP ( NP ( DT the ) ( JJS latest ) ( NN wave ) ) ( PP ( IN of ) ( NP ( JJ political ) ( NN activism ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Hollywood ) ) ) ( PP ( RB especially ) ( IN around ) ( NP ( NP ( JJ feminist ) ( NNS issues ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NN abortion ) ) ) ) ) ) ) ) )

The former comes from the latest wave of political activism in Hollywood especially around feminist issues such as abortion


( S ( NP-SBJ ( DT The ) ( NN latter ) ) ( VP ( VBZ comes ) ( PP-CLR ( IN from ) ( NP ( NP ( DT the ) ( NN perception ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( JJ many ) ( NNS people ) ) ( PP-LOC ( IN in ) ( NP ( NN network ) ( NN TV ) ) ) ) ) ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( NP ( PRP$ their ) ( JJ only ) ( NN hope ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG keeping ) ( NP-2 ( NNS viewers ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG defecting ) ( PP-CLR ( TO to ) ( NP ( NN cable ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( TO to ) ( VP ( VB fill ) ( NP ( DT the ) ( NNS airwaves ) ) ( PP-CLR ( IN with ) ( NP ( DT an ) ( ADJP ( RB increasingly ) ( JJ raw ) ) ( NN sensationalism ) ) ) ) ) ) ) ) ) ) ) ) )

The latter comes from the perception on the part of many people in network TV that their only hope of keeping viewers from defecting to cable is to fill the airwaves with an increasingly raw sensationalism


( S ( S ( VP ( VB Put ) ( NP ( DT these ) ) ( ADVP ( RB together ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP get ) ( NP ( NP ( NNS programs ) ) ( PP ( IN about ) ( NP ( NN rape ) ) ) ) ) ) )

Put these together and you get programs about rape


( S ( NP-SBJ ( NP ( DT The ) ( JJS best ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN crop ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NP ( JJ last ) ( NN week ) ( POS 's ) ) ( NN season ) ( NN premiere ) ) ( PP ( IN of ) ( NP ( PP-TTL ( IN In ) ( NP ( NP ( DT the ) ( NNP Heat ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Night ) ) ) ) ) ( NP ( NP ( DT the ) ( NNP NBC ) ( NN series ) ) ( PP ( VBN based ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( CD 1967 ) ( NN feature ) ( NN film ) ) ( PP ( IN about ) ( NP ( NP ( DT a ) ( JJ black ) ( NNP Philadelphia ) ( NN police ) ( NN detective ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ small ) ( JJ Southern ) ( NN town ) ) ) ) ) ) ) ) ) ) ) ) ) )

The best of the crop was last week 's season premiere of In the Heat of the Night the NBC series based on a 1967 feature film about a black Philadelphia police detective in a small Southern town


( S ( PP-LOC ( IN In ) ( NP ( DT the ) ( NN series ) ) ) ( NP-SBJ ( NP ( NP ( NNP Virgil ) ( NNP Tibbs ) ) ( PRN ( NP ( NNP Howard ) ( NNP Rollins ) ) ) ) ( CC and ) ( NP ( NP ( PRP$ his ) ( NN wife ) ) ( NP ( NP ( NNP Althea ) ) ( PRN ( NP ( NNP Anne-Marie ) ( NNP Johnson ) ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN settled ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Sparta ) ) ( NP ( NNP Miss ) ) ) ) ) ) )

In the series Virgil Tibbs Howard Rollins and his wife Althea Anne-Marie Johnson have settled in Sparta Miss


( S ( SBAR-PRP ( IN Because ) ( S ( NP-SBJ ( DT the ) ( NN show ) ) ( VP ( VBZ has ) ( VP ( VBN acquired ) ( NP ( NP ( DT a ) ( NN sense ) ) ( PP ( IN of ) ( NP ( NN place ) ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG being ) ( VP ( VBN filmed ) ( PP-LOC ( IN on ) ( NP ( NN location ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Georgia ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-4 ( NP ( DT this ) ( NN episode ) ) ( PRN ( SBAR ( WHPP-3 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-2 ( NNP Althea ) ) ( VP ( VBZ gets ) ( VP ( VBN raped ) ( PP ( IN by ) ( NP-LGS ( DT an ) ( JJ arrogant ) ( JJ white ) ( NN schoolteacher ) ) ) ) ) ) ) ) ) ( VP ( VBZ does ) ( NP ( NP ( DT a ) ( JJ decent ) ( NN job ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG tracing ) ( NP ( NP ( DT the ) ( JJ social ) ( NNS repercussions ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN crime ) ) ) ) ) ) ) ) ) )

Because the show has acquired a sense of place by being filmed on location in Georgia this episode in which Althea gets raped by an arrogant white schoolteacher does a decent job of tracing the social repercussions of the crime


( S ( ADVP ( RB Obviously ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJR harder ) ) ( S-1 ( VP ( TO to ) ( VP ( VB establish ) ( NP ( NP ( DT a ) ( NN sense ) ) ( PP ( IN of ) ( NP ( NN place ) ) ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ one-shot ) ( NN TV ) ( NN movie ) ) ) ) ) ) ) )

Obviously it 's harder to establish a sense of place in a one-shot TV movie


( S ( CC But ) ( NP-SBJ ( NP ( NP ( NN tonight ) ( POS 's ) ) ( NN offering ) ) ( S-TTL ( VP ( VB Settle ) ( NP ( DT the ) ( NN Score ) ) ) ) ( PRN ( NP-TMP ( CD 9-11 ) ( RB p.m. ) ( NNP EST ) ) ( PP-LOC ( IN on ) ( NP ( NNP NBC ) ) ) ) ) ( VP ( VBZ does ) ( RB n't ) ( ADVP ( RB even ) ) ( VP ( VB try ) ) ) )

But tonight 's offering Settle the Score 9-11 p.m. EST on NBC does n't even try


( S ( NP-SBJ-3 ( NP ( DT This ) ( NN tale ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NNP Chicago ) ( NN policewoman ) ) ( VP ( VBG returning ) ( NP-CLR ( NN home ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB find ) ( NP ( NP ( DT the ) ( NN man ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD raped ) ( NP ( PRP her ) ) ( ADVP-TMP ( NP ( CD 20 ) ( NNS years ) ) ( RBR earlier ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN supposed ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN set ) ( PP-LOC-CLR ( IN in ) ( NP ( DT the ) ( NNPS Ozarks ) ) ) ) ) ) ) ) ) )

This tale of a Chicago policewoman returning home to find the man who raped her 20 years earlier is supposed to be set in the Ozarks


( S ( CC But ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( PP-PRD ( JJR more ) ( IN like ) ( NP ( NP ( DT an ) ( NN illustration ) ) ( PP ( IN of ) ( SBAR-NOM ( WHNP-1 ( WHNP ( WP what ) ) ) ( S ( NP-SBJ ( NNP Ben ) ( NNP Stein ) ) ( VP ( VBZ describes ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ his ) ( NN study ) ) ( PP ( IN of ) ( NP ( NP ( JJ social ) ( NNS attitudes ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN TV ) ( NN industry ) ) ) ) ) ) ) ( S-2 ( NP-SBJ ( NP ( NP ( NN Fear ) ) ( PP ( IN of ) ( NP ( NN violence ) ( CC and ) ( NN animosity ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NN race ) ( CC or ) ( NN religion ) ) ) ) ( NP ( NP ( NN fear ) ) ( CC and ) ( NP ( NP ( NN lack ) ) ( PP ( IN of ) ( NP ( NP ( NN comprehension ) ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( NNS politics ) ) ( PP ( IN of ) ( NP ( JJ small-town ) ( NNS people ) ) ) ) ) ) ) ) ) ) ( VP ( VBP produce ) ( NP ( NP ( DT a ) ( JJ powerful ) ( NN wave ) ) ( PP ( IN of ) ( NP ( NP ( NN dislike ) ) ( PP ( IN of ) ( NP ( JJ small ) ( NNS towns ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNS minds ) ) ( PP ( IN of ) ( NP ( NN TV ) ( NNS writers ) ( CC and ) ( NNS producers ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But it 's more like an illustration of what Ben Stein describes in his study of social attitudes in the TV industry Fear of violence and animosity because of race or religion fear and lack of comprehension about the politics of small-town people produce a powerful wave of dislike of small towns in the minds of TV writers and producers


( S ( NP-SBJ ( NP ( DT The ) ( NX ( NX ( NX ( NN writer ) ) ) ( CC and ) ( NX ( NX ( NN executive ) ( NN producer ) ) ) ( PP-3 ( IN of ) ( S-TTL ( VP ( VB Settle ) ( NP ( DT the ) ( NN Score ) ) ) ) ) ) ) ( NP ( NNP Steve ) ( NNP Sohmer ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NN graduate ) ) ( PP ( IN of ) ( NP ( NNP Yale ) ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD participated ) ( PP-CLR ( IN in ) ( NP ( NP ( DT a ) ( NNP PBS ) ( NN documentary ) ) ( VP ( VBD aired ) ( NP-TMP ( DT this ) ( NN summer ) ) ) ( SBAR ( WHPP-2 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NP ( CD six ) ( NNS members ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Yale ) ( NN class ) ) ( PP ( IN of ) ( NP ( CD 1963 ) ) ) ) ) ) ( VP ( VBD ruminated ) ( PP-CLR ( IN about ) ( NP ( NP ( PRP$ their ) ( NNS lives ) ) ( PP-TMP ( IN since ) ( NP ( NN graduation ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The writer and executive producer of Settle the Score Steve Sohmer is a graduate of Yale who participated in a PBS documentary aired this summer in which six members of the Yale class of 1963 ruminated about their lives since graduation


( S ( PP-TMP ( IN At ) ( NP ( NP ( CD one ) ( NN point ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN documentary ) ) ) ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Sohmer ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( NNP Jewish ) ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-3 ( PRP he ) ) ( VP ( VBD felt ) ( VP ( VBN rejected ) ( PP ( IN by ) ( NP-LGS ( NP ( JJ many ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNPS Protestants ) ( CC and ) ( NNPS Southerners ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD met ) ( PP-LOC ( IN at ) ( NP ( NNP Yale ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

At one point in the documentary Mr. Sohmer who is Jewish says he felt rejected by many of the Protestants and Southerners he met at Yale


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ quotes ) ( NP ( NP ( CD one ) ( NN student ) ) ( VP ( VBG saying ) ( S ( NP-SBJ ( PRP You ) ) ( VP ( VBP 're ) ( NP-PRD ( NP ( RB just ) ( DT the ) ( NN kind ) ) ( PP ( IN of ) ( NP ( NN Jewboy ) ) ) ( SBAR ( S ( NP-SBJ ( PRP we ) ( NNPS Southerners ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB stand ) ) ) ) ) ) ) ) ) ) ) )

He quotes one student saying You 're just the kind of Jewboy we Southerners ca n't stand


( S ( NP-SBJ ( NNP Mr. ) ( NNP Sohmer ) ) ( VP ( VBZ confesses ) ( SBAR ( IN that ) ( S-CLF ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( ADVP ( RB partly ) ) ( PP-PRD ( IN in ) ( NP ( NP ( NN response ) ) ( PP ( TO to ) ( NP ( JJ such ) ( NNS attitudes ) ) ) ) ) ( SBAR ( WHADVP-1 ( IN that ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( ADVP-TMP ( RB now ) ) ( NP-PRD ( NP ( DT a ) ( NN dweller ) ) ( PP-LOC ( IN on ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( CD two ) ( NNS islands ) ) ( PP ( IN off ) ( NP ( NP ( DT the ) ( NN coast ) ) ( PP ( IN of ) ( NP ( NNP America ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Sohmer confesses that it was partly in response to such attitudes that he is now a dweller on one of the two islands off the coast of America


( SQ ( CC But ) ( VBZ is ) ( NP-SBJ ( NP ( NN exile ) ) ( PP-LOC ( IN in ) ( NP ( NNP Hollywood ) ) ) ) ( ADJP-PRD ( RB enough ) ) )

But is exile in Hollywood enough


( FRAG ( RB Not ) ( VP ( TO to ) ( VP ( VB judge ) ( PP-CLR ( IN by ) ( NP ( S-TTL ( VP ( VB Settle ) ( NP ( DT the ) ( NN Score ) ) ) ) ( SBAR ( WHPP-2 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Sohmer ) ) ( VP ( VBZ seems ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBG settling ) ( NP ( NP ( DT a ) ( NN score ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( JJ own ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Not to judge by Settle the Score in which Mr. Sohmer seems to be settling a score of his own


( S ( PP ( IN Of ) ( NP ( NP ( PDT all ) ( DT the ) ( JJ unflattering ) ( NNS portraits ) ) ( PP ( IN of ) ( NP ( JJ small-town ) ( NNP America ) ) ) ( SBAR ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 've ) ( VP ( VBN seen ) ( PP-LOC-CLR ( IN on ) ( NP ( NN TV ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT this ) ( NN film ) ) ( VP ( VBZ is ) ( NP-PRD ( DT the ) ( ADJP ( RBS most ) ( RB gratuitously ) ( JJ nasty ) ) ) ) )

Of all the unflattering portraits of small-town America I 've seen on TV this film is the most gratuitously nasty


( S ( S ( NP-SBJ ( DT The ) ( JJ sole ) ( JJ sympathetic ) ( NN character ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJ prodigal ) ( NN daughter ) ( NNP Kate ) ) ( PRN ( NP ( NNP Jaclyn ) ( NNP Smith ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-2 ( PRP she ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ tolerable ) ) ( PP ( ADVP ( RB only ) ) ( IN by ) ( NP ( NP ( NN virtue ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG having ) ( NP ( NP ( NN nothing ) ) ( PP ( IN in ) ( ADJP ( JJ common ) ) ) ( PP ( IN with ) ( NP ( NP ( PRP$ her ) ( NNS kinfolk ) ) ( NP ( NP ( DT a ) ( ADJP ( RB truly ) ( JJ benighted ) ) ( NN pack ) ) ( PP ( IN of ) ( NP ( NP ( JJ Southern ) ( NNPS Protestants ) ) ( SBAR ( WHNP-1 ( WP$ whose ) ( JJ grim ) ( NN existence ) ) ( S ( VP ( VBZ consists ) ( ADVP ( RB mostly ) ) ( PP-CLR ( IN of ) ( NP ( S-NOM ( VP ( VP ( VBG growing ) ( NP ( NNS peaches ) ) ) ( CC and ) ( VP ( VBG repressing ) ( NP ( NN sex ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The sole sympathetic character is the prodigal daughter Kate Jaclyn Smith and she is tolerable only by virtue of having nothing in common with her kinfolk a truly benighted pack of Southern Protestants whose grim existence consists mostly of growing peaches and repressing sex


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP mean ) ( SBAR ( S ( NP-SBJ ( DT these ) ( NNS folks ) ) ( VP ( VBP are ) ( ADJP-PRD ( ADJP ( RB so ) ( JJ uptight ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP blame ) ( NP ( JJ pretty ) ( NNP Kate ) ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( NN fact ) ( SBAR ( IN that ) ( S ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( NN teen-ager ) ) ) ) ) ( NP-SBJ ( NN someone ) ) ( VP ( VP ( VBD tied ) ( NP ( PRP$ her ) ( NNS hands ) ) ( PP-CLR ( IN behind ) ( NP ( PRP her ) ( RB back ) ) ) ) ( VP ( VBD thrust ) ( NP ( PRP$ her ) ( NN head ) ) ( PP-DIR ( IN into ) ( NP ( DT a ) ( NN gunny ) ( NN sack ) ) ) ) ( VP ( ADVP-MNR ( RB brutally ) ) ( VBD raped ) ( CC and ) ( VBD beat ) ( NP ( PRP her ) ) ) ( CC and ) ( ADVP ( RB then ) ) ( VP ( VBD left ) ( S ( NP-SBJ ( PRP her ) ) ( VP ( TO to ) ( VP ( VB die ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ cold-storage ) ( NN room ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

I mean these folks are so uptight that they blame pretty Kate for the fact that when she was a teen-ager someone tied her hands behind her back thrust her head into a gunny sack brutally raped and beat her and then left her to die in a cold-storage room


( S ( NP-SBJ ( NP ( PRP$ Her ) ( NNP Pa ) ) ( PRN ( NP ( NNP Howard ) ( NNP Duff ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NN kind ) ) ( PP ( IN of ) ( NP ( NN guy ) ) ) ( SBAR ( WHNP-4 ( WP who ) ) ( S ( SBAR-TMP ( IN while ) ( S ( VP ( VBG saying ) ( NP ( NN grace ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN supper ) ( NN table ) ) ) ) ) ) ( VP ( VP ( VBZ pauses ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN word ) ( NN sin ) ) ) ) ( CC and ) ( VP ( VBZ glares ) ( PP-CLR ( IN at ) ( NP ( NP ( DT the ) ( NN daughter ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN seen ) ( PP-TMP ( IN for ) ( NP ( CD two ) ( NNS decades ) ) ) ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ knows ) ( PP ( IN in ) ( NP ( PRP$ his ) ( NN heart ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP she ) ) ( VP ( VP ( VBD enjoyed ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( VP ( VBD happened ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ cold-storage ) ( NN room ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG indulging ) ( NP ( DT the ) ( JJ same ) ( NN taste ) ) ( ADVP-TMP ( RB ever ) ( IN since ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNS fleshpots ) ) ( PP ( IN of ) ( NP ( NNP Chicago ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Her Pa Howard Duff is the kind of guy who while saying grace at the supper table pauses at the word sin and glares at the daughter he has n't seen for two decades because he knows in his heart that she enjoyed what happened in the cold-storage room and has been indulging the same taste ever since in the fleshpots of Chicago


( S ( NP-SBJ ( NP ( NNS People ) ) ( PP ( IN like ) ( NP ( NNP Pa ) ) ) ) ( VP ( VBP do ) ( VP ( VB exist ) ( PP ( IN of ) ( NP ( NN course ) ) ) ) ) )

People like Pa do exist of course


( S ( CC But ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Mr. ) ( NNP Sohmer ) ( POS 's ) ) ( NNPS Ozarks ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( IN but ) ( DT the ) ( NN tip ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ patriarchal ) ( NN iceberg ) ) ) ) ) )

But in Mr. Sohmer 's Ozarks he is but the tip of the patriarchal iceberg


( S ( NP-SBJ ( NP ( DT Every ) ( NN man ) ) ( SBAR ( S ( NP-SBJ ( NNP Kate ) ) ( VP ( VBZ encounters ) ) ) ) ) ( VP ( VBZ is ) ( UCP-PRD ( RB either ) ( ADJP ( RB sniggeringly ) ( JJ puritanical ) ) ( ADJP ( RB viciously ) ( VBG patronizing ) ) ( ADJP ( RB revoltingly ) ( JJ lecherous ) ) ( CC or ) ( NP ( DT all ) ( CD three ) ) ) ) )

Every man Kate encounters is either sniggeringly puritanical viciously patronizing revoltingly lecherous or all three


( S ( S ( VP ( VB Add ) ( NP ( DT the ) ( NN fact ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT any ) ( CD one ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ( PP ( VBG including ) ( NP ( NNP Pa ) ) ) ) ( VP ( MD could ) ( VP ( VB be ) ( NP-PRD ( PRP$ her ) ( NN attacker ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP have ) ( NP ( NP ( DT a ) ( NN setting ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ does ) ( RB n't ) ( VP ( VB resemble ) ( NP ( NP ( JJ small-town ) ( NNP America ) ) ( CC or ) ( ADVP ( RB even ) ) ( NP ( NP ( NP ( NNP Hollywood ) ( POS 's ) ) ( NN nightmare ) ) ( PP ( IN of ) ( NP ( JJ small-town ) ( NNP America ) ) ) ) ) ( ADVP ( ADVP ( RB so ) ( RB much ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( JJ paranoid ) ( NN feminist ) ( NN dystopia ) ) ( PP ( IN like ) ( NP ( NP ( NP ( NNP Margaret ) ( NNP Atwood ) ( POS 's ) ) ( NX-TTL ( NP ( NNP The ) ( NNP Handmaid ) ( POS 's ) ) ( NNP Tale ) ) ) ( SBAR ( S ( NP-ADV ( PRP itself ) ) ( ADVP-TMP ( RB soon ) ) ( VP ( TO to ) ( VP ( VB be ) ( PRN ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBD guessed ) ( NP ( PRP it ) ) ) ) ) ( NP-PRD ( DT a ) ( NNP Hollywood ) ( NN movie ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Add the fact that any one of them including Pa could be her attacker and you have a setting that does n't resemble small-town America or even Hollywood 's nightmare of small-town America so much as a paranoid feminist dystopia like Margaret Atwood 's The Handmaid 's Tale itself soon to be you guessed it a Hollywood movie


( S ( NP-SBJ ( EX There ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( CD two ) ( NNS exceptions ) ) ( NP ( NP ( NP ( NP ( NNP Josh ) ) ( PRN ( NP ( NNP Jeffrey ) ( NNP DeMunn ) ) ) ) ( NP ( NP ( DT the ) ( JJ local ) ( NN doctor ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ has ) ( ADVP-TMP ( RB always ) ) ( VP ( VBN loved ) ( NP ( NNP Kate ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( NP ( NNP Lincoln ) ) ( PRN ( NP ( NNP Richard ) ( NNP Masur ) ) ) ) ( NP ( NP ( NNP Kate ) ( POS 's ) ) ( ADJP ( JJ simple-minded ) ( CC but ) ( JJ affectionate ) ) ( NN brother ) ) ) ) ) ) )

There are two exceptions Josh Jeffrey DeMunn the local doctor who has always loved Kate and Lincoln Richard Masur Kate 's simple-minded but affectionate brother


( S ( S ( NP-SBJ ( NNP Josh ) ) ( VP ( VBZ makes ) ( NP ( NP ( JJ clumsy ) ( NNS passes ) ) ( PP ( IN at ) ( NP ( NNP Kate ) ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBZ 's ) ( VP ( VBG seething ) ( PP-CLR ( IN with ) ( NP ( NN anger ) ( CC and ) ( NN fear ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP know ) ( PP-TMP ( IN from ) ( NP ( DT the ) ( NN outset ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ 's ) ( RB not ) ( NP-PRD ( NP ( DT a ) ( NN member ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ evil ) ( NN patriarchy ) ) ) ) ) ) ) ) ) )

Josh makes clumsy passes at Kate when she 's seething with anger and fear but we know from the outset that he 's not a member of the evil patriarchy


( SBARQ ( WHADVP-1 ( WRB How ) ) ( SQ ( MD could ) ( NP-SBJ ( PRP he ) ) ( VP ( VB be ) ) ) )

How could he be


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT the ) ( NN director ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ local ) ( NNP Planned ) ( NNP Parenthood ) ( NN chapter ) ) ) ) ) )

He 's the director of the local Planned Parenthood chapter


( S ( PP ( IN As ) ( PP ( IN for ) ( NP ( NNP Lincoln ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB guess ) ( SBAR ( WHADVP ( WRB why ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( RB so ) ( JJ sweet ) ( PP ( TO to ) ( NP ( PRP$ his ) ( NN sister ) ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NN everybody ) ( RB else ) ) ( VP ( VBZ hates ) ( NP ( PRP her ) ) ) ) ) ) ) ) ) ) ) ) ( RB then ) ( NP-SBJ-2 ( PRP I ) ) ( VP ( VBP 'm ) ( RB not ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB tell ) ( NP ( PRP you ) ) ) ) ) ) ) )

As for Lincoln if you ca n't guess why he 's so sweet to his sister when everybody else hates her then I 'm not going to tell you


( S ( PP ( IN As ) ( PP ( IN for ) ( NP ( DT the ) ( NNS women ) ) ) ) ( NP-SBJ ( PRP they ) ) ( VP ( VBP 're ) ( ADJP-PRD ( JJ pathetic ) ) ) )

As for the women they 're pathetic


( S ( NP-SBJ ( NP ( NP ( NNP Kate ) ( POS 's ) ) ( NNP Ma ) ) ( PRN ( NP ( NNP Louise ) ( NNP Latham ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( JJ moral ) ( NN coward ) ) ) )

Kate 's Ma Louise Latham is a moral coward


( S ( NP-SBJ ( NP ( PRP$ Her ) ( NN sister-in-law ) ) ( PRN ( NP ( NNP Amy ) ( NNP Wright ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( VBG sniveling ) ( NN prude ) ) ( ADJP ( JJ afraid ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Kate ) ) ( VP ( MD will ) ( VP ( VB seduce ) ( NP ( NP ( NP ( PDT all ) ( DT the ) ( VBN married ) ( NNS men ) ) ( PP-LOC ( IN in ) ( NP ( NN town ) ) ) ) ( PP ( VBG including ) ( NP ( NP ( DT a ) ( ADJP ( RB particularly ) ( JJ loathsome ) ) ( NN fellow ) ) ( VP ( VBN named ) ( S ( NP-PRD ( NNP Tucker ) ) ) ) ( SBAR ( WHNP-2 ( WHNP ( WP$ whose ) ( NN idea ) ) ( PP ( IN of ) ( NP ( NN fun ) ) ) ) ( S ( VP ( VBZ is ) ( S ( VP ( TO to ) ( VP ( VB leave ) ( NP-5 ( PRP$ his ) ( NN wife ) ) ( PP-LOC-CLR ( IN at ) ( NP ( NN home ) ) ) ( S-CLR ( VP ( VBG tending ) ( PP-CLR ( TO to ) ( NP ( PRP$ her ) ( NX ( NX ( NNS bruises ) ) ( CC and ) ( NX ( NN cigarette ) ( NNS burns ) ) ) ) ) ) ) ( SBAR-TMP ( IN while ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ bullies ) ( NP ( NNP Kate ) ) ( PP-CLR ( IN into ) ( NP ( NP ( DT a ) ( NN dance ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ consists ) ( PP-CLR ( IN of ) ( S-NOM ( VP ( VBG drooling ) ( PP-CLR ( IN on ) ( NP ( PRP her ) ) ) ( SBAR-TMP ( IN while ) ( S ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB break ) ( NP ( PRP$ her ) ( NNS ribs ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Her sister-in-law Amy Wright is a sniveling prude afraid that Kate will seduce all the married men in town including a particularly loathsome fellow named Tucker whose idea of fun is to leave his wife at home tending to her bruises and cigarette burns while he bullies Kate into a dance that consists of drooling on her while trying to break her ribs


( S ( PP ( IN At ) ( NP ( DT the ) ( RB very ) ( JJS least ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB appear ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Sis ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ poor ) ( NN judge ) ) ( PP ( IN of ) ( NP ( JJ masculine ) ( NN charm ) ) ) ) ) ) ) ) ) )

At the very least it would appear that Sis is a poor judge of masculine charm


( S ( RB Yet ) ( NP-SBJ ( RB even ) ( DT these ) ( JJ insulting ) ( NNS caricatures ) ) ( VP ( VBP are ) ( RB not ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ bad ) ) ( PP ( IN as ) ( NP ( NP ( DT the ) ( JJ moral ) ( NN hypocrisy ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NN heart ) ) ( PP ( IN of ) ( S-TTL ( VP ( VB Settle ) ( NP ( DT the ) ( NN Score ) ) ) ) ) ) ) ) ) ) ) )

Yet even these insulting caricatures are not as bad as the moral hypocrisy at the heart of Settle the Score


( S ( PP-LOC ( IN In ) ( NP ( NP ( DT the ) ) ( JJ aforementioned ) ( NN episode ) ( PP ( IN of ) ( PP-TTL ( NNP In ) ( NP ( NP ( DT the ) ( NNP Heat ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Night ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBD saw ) ( S ( NP-SBJ-1 ( NNP Althea ) ) ( VP ( VBG being ) ( VP ( VBN attacked ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-2 ( PRP we ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN invited ) ( S ( VP ( TO to ) ( VP ( VB enjoy ) ( NP ( DT the ) ( NN spectacle ) ) ) ) ) ) ) ) )

In the aforementioned episode of In the Heat of the Night we saw Althea being attacked but we were n't invited to enjoy the spectacle


( S ( PP-LOC ( IN In ) ( NP ( NP ( NNP Mr. ) ( NNP Sohmer ) ( POS 's ) ) ( NN film ) ) ) ( PP ( IN by ) ( NP ( NN contrast ) ) ) ( NP-SBJ-1 ( PRP we ) ) ( VP ( VBP are ) ( VP ( VBN urged ) ( S ( VP ( TO to ) ( VP ( VB share ) ( NP ( NP ( DT the ) ( JJ perverse ) ( NN excitement ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN rapist ) ) ( VP ( VBG creeping ) ( PRT ( RP up ) ) ( PP-CLR ( IN on ) ( NP ( PRP$ his ) ( NN victim ) ) ) ) ) ) ) ) ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN camera ) ) ( VP ( VP ( VBZ ogles ) ( NP ( NP ( NNP Kate ) ) ( PP ( IN in ) ( NP ( NP ( JJ various ) ( NNS stages ) ) ( PP ( IN of ) ( NP ( NN undress ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ lingers ) ( PP-CLR ( IN on ) ( NP ( NP ( DT the ) ( NN sight ) ) ( PP ( IN of ) ( NP ( PRP$ her ) ( JJ trussed-up ) ( NN body ) ) ) ) ) ( PP-TMP ( IN during ) ( NP ( NP ( JJ frequent ) ( NNS flashbacks ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN rape ) ) ) ) ) ) ) ) ) ) ) )

In Mr. Sohmer 's film by contrast we are urged to share the perverse excitement of the rapist creeping up on his victim as the camera ogles Kate in various stages of undress and lingers on the sight of her trussed-up body during frequent flashbacks to the rape


( S ( PP-LOC ( IN At ) ( NP ( DT this ) ( NN point ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN truce ) ) ( PP ( IN between ) ( NP ( NN feminism ) ( CC and ) ( NN sensationalism ) ) ) ) ( VP ( VBZ gets ) ( ADJP-PRD ( RB mighty ) ( JJ uneasy ) ) ) )

At this point the truce between feminism and sensationalism gets mighty uneasy


( S ( VP ( VB Take ) ( NP ( NP ( DT the ) ( NN scene ) ) ( SBAR ( WHPP-3 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-1 ( NNP Kate ) ) ( VP ( VBZ stands ) ( S-ADV ( ADJP-PRD ( JJ naked ) ) ) ( PP-LOC ( IN by ) ( NP ( DT a ) ( VBN lighted ) ( NN window ) ) ) ( S-ADV ( VP ( VBG whispering ) ( PP-CLR ( TO to ) ( NP ( PRP$ her ) ( VBN hidden ) ( NN assailant ) ) ) ( S ( VP ( VB Look ) ( NP-ADV ( NP ( DT all ) ) ( SBAR ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP want ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Take the scene in which Kate stands naked by a lighted window whispering to her hidden assailant Look all you want


( S ( PP-TMP ( VBG Starting ) ( NP ( NN tomorrow ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBP 'm ) ( VP ( VBG stalking ) ( NP ( PRP you ) ) ) ) )

Starting tomorrow I 'm stalking you


( NP ( CC Or ) ( NP ( NP ( DT the ) ( CD one ) ) ( SBAR ( WHPP-3 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( S ( NP-SBJ-1 ( PRP she ) ( CC and ) ( NNP Josh ) ) ( VP ( VBP are ) ( VP ( VBN stranded ) ( PP-LOC-CLR ( IN in ) ( NP ( DT the ) ( NN city ) ) ) ) ) ) ( CC and ) ( S ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG insisting ) ( PP-CLR ( IN on ) ( NP ( JJ separate ) ( NN motel ) ( NNS rooms ) ) ) ) ) ) ( NP-SBJ-2 ( PRP she ) ) ( VP ( VBZ knocks ) ( PP-CLR ( IN on ) ( NP ( PRP$ his ) ( NN door ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB pour ) ( PRT ( RP out ) ) ( NP ( NP ( PRP$ her ) ( NNS feelings ) ) ( PP ( IN about ) ( NP ( DT the ) ( NN rape ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG wearing ) ( NP ( NP ( NN nothing ) ) ( CC but ) ( NP ( NP ( DT a ) ( NN mini-slip ) ) ( CC and ) ( NP ( DT a ) ( JJ push-up ) ( NN bra ) ) ) ) ) ) ) ) ) ) ) )

Or the one in which she and Josh are stranded in the city and after insisting on separate motel rooms she knocks on his door to pour out her feelings about the rape wearing nothing but a mini-slip and a push-up bra


( S ( ADVP ( RB Surely ) ) ( NP-SBJ ( DT the ) ( NN question ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ obvious ) ) ) )

Surely the question is obvious


( SQ ( PP ( IN With ) ( NP ( NP ( NNS friends ) ) ( PP ( IN like ) ( NP ( NNP Mr. ) ( NNP Sohmer ) ) ) ) ) ( VBP do ) ( NP-SBJ ( NP ( DT the ) ( NNS feminists ) ) ( PP ( IN of ) ( NP ( NNP Hollywood ) ) ) ) ( VP ( VB need ) ( NP ( NNS enemies ) ) ) )

With friends like Mr. Sohmer do the feminists of Hollywood need enemies


( S ( NP-SBJ ( NP ( NNP Control ) ( NNP Data ) ( NNP Corp. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( ADVP-TMP ( NP ( RB just ) ( NNS months ) ) ( IN ago ) ) ( VP ( VBD was ) ( VP ( VBG hemorrhaging ) ( ADVP-MNR ( RB financially ) ) ) ) ) ) ) ( VP ( VBZ thinks ) ( SBAR ( S ( NP-SBJ-3 ( PRP it ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ healthy ) ( RB enough ) ) ( ADVP-TMP ( RB soon ) ) ( S-2 ( VP ( TO to ) ( VP ( VB consider ) ( S ( VP ( VBG repurchasing ) ( NP ( JJ public ) ( NN debt ) ) ) ) ) ) ) ) ) ) ) ) )

Control Data Corp. which just months ago was hemorrhaging financially thinks it will be healthy enough soon to consider repurchasing public debt


( S ( ADVP ( RB Moreover ) ) ( NP-SBJ ( NP ( DT the ) ( NN company ) ) ( SBAR ( WHNP-1 ( WP$ whose ) ( JJ go-it-alone ) ( NN approach ) ) ( S ( ADVP ( RB nearly ) ) ( VP ( VBD proved ) ( ADJP-PRD ( JJ fatal ) ) ) ) ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ sees ) ( NP ( NP ( NNS alliances ) ) ( PP ( IN with ) ( NP ( NNS others ) ) ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT the ) ( NN way ) ) ( ADVP ( RB back ) ( PP ( TO to ) ( NP ( NP ( NN prosperity ) ) ( PP-LOC ( IN in ) ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ calls ) ( S ( NP-PRD ( DT the ) ( NNS data ) ( NNS solutions ) ( NN business ) ) ) ) ) ) ) ) ) ) ) ) ) )

Moreover the company whose go-it-alone approach nearly proved fatal now sees alliances with others as the way back to prosperity in what it calls the data solutions business


( S ( S-TPC-1 ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 'm ) ( RB not ) ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ ( NN everything ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ hunky-dory ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP have ) ( VP ( VBN completed ) ( NP ( DT the ) ( NN transition ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Robert ) ( NNP M. ) ( NNP Price ) ) ( NP ( NP ( NN chairman ) ) ( CC and ) ( NP ( NN chief ) ( NN executive ) ) ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( DT an ) ( NN interview ) ) ) ) )

I 'm not saying everything is hunky-dory but we have completed the transition Robert M. Price chairman and chief executive said in an interview


( S ( NP-SBJ ( NN Transition ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NN reference ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ five-year ) ( NN restructuring ) ( NN effort ) ) ) ) ) )

Transition is a reference to the company 's five-year restructuring effort


( S ( PP-TMP ( IN During ) ( NP ( DT that ) ( NN time ) ) ) ( NP-SBJ ( NNP Control ) ( NNP Data ) ) ( VP ( VBD had ) ( NP ( NP ( NNS losses ) ) ( PP ( IN of ) ( NP ( QP ( JJR more ) ( IN than ) ( CD 1 ) ( CD billion ) ) ) ) ) ) )

During that time Control Data had losses of more than 1 billion


( S ( ADVP-TMP ( RB Now ) ) ( PP-TMP ( VBG following ) ( NP ( NP ( NN asset ) ( NNS sales ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD shrank ) ( NP ( NN revenue ) ) ( PP-CLR ( IN by ) ( NP ( NP ( JJR more ) ) ( PP ( IN than ) ( NP ( NN one-third ) ) ) ) ) ( NP-TMP ( NP ( DT this ) ( NN year ) ) ( ADVP ( RB alone ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Control ) ( NNP Data ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ flush ) ( PP ( IN with ) ( NP ( NN cash ) ) ) ) ) )

Now following asset sales that shrank revenue by more than one-third this year alone Control Data is flush with cash


( S ( RB So ) ( NP-SBJ-1 ( PRP$ its ) ( JJ senior ) ( NNS executives ) ) ( VP ( VBP are ) ( VP ( VBG talking ) ( ADVP-MNR ( RB openly ) ) ( PP-CLR ( IN about ) ( S-NOM ( ADVP ( RB possibly ) ) ( VP ( VBG buying ) ( PRT ( RP back ) ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( QP ( CD 172.5 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( VBN subordinated ) ( JJ convertible ) ( NNS debentures ) ) ) ) ) ) ( NP-TMP ( IN next ) ( NN year ) ) ) ) ) ) ) )

So its senior executives are talking openly about possibly buying back some of the company 's 172.5 million in subordinated convertible debentures next year


( S ( S-TPC-1 ( NP-SBJ-2 ( PRP We ) ) ( VP ( MD 'd ) ( VP ( VB like ) ( S ( VP ( TO to ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB reduce ) ( NP ( NN debt ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP President ) ( NNP Lawrence ) ( NNP Perlman ) ) ( VP ( VBD said ) ) )

We 'd like to continue to reduce debt President Lawrence Perlman said


( S ( S-ADV ( VP ( VBG Noting ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( DT the ) ( NN company ) ) ( VP ( VBZ is ) ( VP ( VBG offering ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( PRT ( RP back ) ) ( NP ( NP ( QP ( CD 154.2 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NP ( JJ senior ) ( NNS notes ) ) ( VP ( VBG paying ) ( NP ( QP ( CD 12 ) ( CD 3\/4 ) ) ( NN % ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-3 ( DT the ) ( NN response ) ) ( VP ( MD will ) ( VP ( VB help ) ( S ( VP ( VB determine ) ( NP ( JJ future ) ( NN debt-reduction ) ( NNS efforts ) ) ) ) ) ) ) ) ) )

Noting that the company is offering to buy back 154.2 million in senior notes paying 12 3\/4 % he said the response will help determine future debt-reduction efforts


( S ( NP-SBJ-1 ( DT The ) ( NN offer ) ) ( VP ( VBD was ) ( VP ( ADVP-MNR ( RB automatically ) ) ( VBN triggered ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( JJ recent ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NP ( NNP Control ) ( NNP Data ) ( POS 's ) ) ( NNP Imprimis ) ( NN disk-drive ) ( NN business ) ) ) ( PP ( TO to ) ( NP ( NNP Seagate ) ( NNP Technology ) ( NNP Inc ) ) ) ) ) ) ) )

The offer was automatically triggered by the recent sale of Control Data 's Imprimis disk-drive business to Seagate Technology Inc


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Perlman ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( NP-PRD ( NP ( VBG acting ) ( NN chief ) ( JJ financial ) ( NN officer ) ) ( CC and ) ( NP ( NP ( DT the ) ( JJ odds-on ) ( NN favorite ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB become ) ( NP-PRD ( DT the ) ( JJ next ) ( NN chief ) ( NN executive ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBZ is ) ( VP ( VBG achieving ) ( NP ( NP ( JJ modest ) ( JJ positive ) ( NN cash ) ( NN flow ) ) ( PP ( IN from ) ( NP ( NNS operations ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP expect ) ( S ( NP-SBJ ( DT that ) ) ( VP ( TO to ) ( VP ( VB continue ) ( PP-CLR ( IN into ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) )

Mr. Perlman who is also acting chief financial officer and the odds-on favorite to become the next chief executive said the company is achieving modest positive cash flow from operations and we expect that to continue into 1990


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBZ has ) ( NP ( NP ( DT no ) ( NN intention ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG tapping ) ( NP ( PRP$ its ) ( JJ short-term ) ( NN bank ) ( NNS lines ) ) ) ) ) ) ( PP-TMP ( IN for ) ( NP ( NP ( DT a ) ( JJ good ) ( NN part ) ) ( PP ( IN of ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) )

He said the company has no intention of tapping its short-term bank lines for a good part of 1990


( S ( S-TPC-1 ( NP-TMP ( RB Sometime ) ( JJ next ) ( NN year ) ) ( NP-SBJ ( NNP Control ) ( NNP Data ) ) ( VP ( MD will ) ( VP ( VB develop ) ( NP ( DT a ) ( JJ new ) ( NN bank ) ( NN relationship ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Perlman ) ) ( VP ( VBD said ) ) )

Sometime next year Control Data will develop a new bank relationship Mr. Perlman said


( S ( PP-TMP ( IN In ) ( NP ( JJ recent ) ( NNS months ) ) ) ( NP-SBJ ( NP ( DT a ) ( NN group ) ) ( PP ( IN of ) ( NP ( NNS lenders ) ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP America ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN extended ) ( NP ( NNP Control ) ( NNP Data ) ) ( NP ( NP ( NP ( QP ( RB up ) ( TO to ) ( CD 90 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( JJ revolving ) ( NNS loans ) ) ) ( PP-TMP ( IN through ) ( NP ( NNP January ) ) ) ) ( CONJP ( RB as ) ( RB well ) ( IN as ) ) ( NP ( NP ( QP ( CD 115 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NP ( JJ standby ) ( NNS letters ) ) ( PP ( IN of ) ( NP ( NN credit ) ) ) ) ) ) ) ) ) )

In recent months a group of lenders led by Bank of America has extended Control Data up to 90 million in revolving loans through January as well as 115 million in standby letters of credit


( S ( NP-SBJ ( NN Loan ) ( NNS covenants ) ) ( VP ( VBP require ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VP ( VB achieve ) ( NP ( NP ( VBN specified ) ( NNS levels ) ) ( PP ( IN of ) ( NP ( NN operating ) ( NNS earnings ) ) ) ) ) ( CC and ) ( VP ( VB meet ) ( NP ( DT a ) ( VBG rolling ) ( JJ four-quarter ) ( NN profitability ) ( NN test ) ) ) ) ) ) ) )

Loan covenants require that the company achieve specified levels of operating earnings and meet a rolling four-quarter profitability test


( S ( NP-TMP ( JJ Last ) ( NN week ) ) ( NP-SBJ ( NNP Control ) ( NNP Data ) ) ( VP ( VBD reported ) ( NP ( NP ( NN third-quarter ) ( NNS earnings ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 9.8 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 23 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP ( IN on ) ( NP ( NP ( NN revenue ) ) ( PP ( IN of ) ( NP ( QP ( CD 763 ) ( CD million ) ) ) ) ) ) ) ) )

Last week Control Data reported third-quarter earnings of 9.8 million or 23 cents a share on revenue of 763 million


( S ( PP-TMP ( IN Through ) ( NP ( DT the ) ( JJ first ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD had ) ( NP ( NP ( DT a ) ( NN loss ) ) ( PP ( IN of ) ( NP ( QP ( CD 484 ) ( CD million ) ) ) ) ( VP ( ADVP ( RB largely ) ) ( VBG reflecting ) ( NP ( NP ( DT the ) ( NN closing ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN supercomputer ) ( NN unit ) ) ) ) ) ) ) )

Through the first nine months the company had a loss of 484 million largely reflecting the closing of its supercomputer unit


( S ( SBAR-ADV ( IN While ) ( S ( NP-SBJ-2 ( NP ( DT a ) ( JJ few ) ( NNS assets ) ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB still ) ) ( VP ( VBG being ) ( VP ( VBN shopped ) ( PRN ( PP-1 ( VBG including ) ( NP ( NP ( DT the ) ( NNS sports ) ( CC and ) ( NN entertainment ) ( VBG ticketing ) ( NN portion ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNP Ticketron ) ( NN unit ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Price ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( JJ future ) ( NN restructuring ) ) ( VP ( MD would ) ( VP ( VB be ) ( NP-PRD ( NP ( DT a ) ( NN question ) ) ( PP ( IN of ) ( NP ( NN strategy ) ) ) ) ) ) ) ) ) )

While a few assets are still being shopped including the sports and entertainment ticketing portion of the company 's Ticketron unit Mr. Price said future restructuring would be a question of strategy


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB need ) ( NP ( DT the ) ( NN cash ) ) ) ) )

We do n't need the cash


( S ( S-TPC-2 ( NP-SBJ ( NP ( NP ( NNP Ticketron ) ( POS 's ) ) ( VBN automated ) ( NN wagering ) ( NN business ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ operates ) ( NP ( NP ( NNS lotteries ) ) ( PP-LOC ( IN in ) ( NP ( QP ( DT a ) ( DT half ) ( NN dozen ) ) ( NNS states ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( RB not ) ( PP-PRD ( IN for ) ( NP ( NN sale ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ) )

Ticketron 's automated wagering business which operates lotteries in a half dozen states is not for sale the company said


( S-3 ( ADVP ( RB Rather ) ) ( PRN ( NP-SBJ ( NNP Mr. ) ( NNP Perlman ) ) ( VP ( VBD said ) ) ) ( NP-SBJ-1 ( NNP Control ) ( NNP Data ) ) ( VP ( VP ( VBZ intends ) ( S ( VP ( TO to ) ( VP ( VB bid ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( VBG coming ) ( NNP Minnesota ) ( NN lottery ) ( NN contract ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( VP ( VBG seeking ) ( NP ( NP ( JJ new ) ( NNS applications ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN technology ) ) ) ) ( ADVP-LOC ( ADVP ( RB overseas ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ great ) ( NN interest ) ) ( PP ( IN in ) ( NP ( NP ( NNS games ) ) ( PP ( IN of ) ( NP ( NN skill ) ) ) ) ) ) ) ) ) ) ) ) ) )

Rather Mr. Perlman said Control Data intends to bid for the coming Minnesota lottery contract and is seeking new applications for the technology overseas where there is great interest in games of skill


( S ( NP-SBJ ( PRP He ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB elaborate ) ) ) )

He would n't elaborate


( S ( S ( S-TPC-2 ( NP-SBJ-1 ( NP ( NP ( NNP Control ) ( NNP Data ) ( POS 's ) ) ( NN semiconductor ) ( NN business ) ) ( NP ( NNP VTC ) ( NNP Inc. ) ) ) ( VP ( VBZ continues ) ( S ( VP ( TO to ) ( VP ( VB lose ) ( NP ( NN money ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNS executives ) ) ( VP ( VBD acknowledged ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-3 ( PRP they ) ) ( VP ( VP ( VBP consider ) ( S ( NP-SBJ ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN technology ) ) ) ) ( ADJP-PRD ( JJ vital ) ( PP ( TO to ) ( NP ( JJ national ) ( NN defense ) ) ) ) ) ) ( CC and ) ( ADVP ( RB so ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ reluctant ) ( S ( VP ( TO to ) ( VP ( VB dispose ) ( PP-CLR ( IN of ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ) ) ) ) )

Control Data 's semiconductor business VTC Inc. continues to lose money the executives acknowledged but they said they consider some of the technology vital to national defense and so are reluctant to dispose of it


( S ( NP-SBJ ( NP ( NP ( DT The ) ( NN company ) ( POS 's ) ) ( NN strategy ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG keeping ) ( S ( NP-SBJ ( PRP$ its ) ( NN computer ) ( NNS products ) ( NN business ) ) ( ADJP-PRD ( JJ profitable ) ) ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP it ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD achieved ) ( NP ( NN profitability ) ) ( PP-TMP ( IN after ) ( NP ( NP ( JJ several ) ( NNS quarters ) ) ( PP ( IN of ) ( NP ( NNS losses ) ) ) ) ) ) ) ) ) ( VP ( VBZ calls ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( JJ narrow ) ( NN focus ) ) ( CC and ) ( NP ( NP ( DT a ) ( NN lid ) ) ( PP ( IN on ) ( NP ( NNS expenses ) ) ) ) ) ) ) )

The company 's strategy for keeping its computer products business profitable it recently achieved profitability after several quarters of losses calls for a narrow focus and a lid on expenses


( S ( S-TPC-2 ( ADVP ( RB Partly ) ) ( NP-SBJ-1 ( NNS costs ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN held ) ( PRT ( RP down ) ) ( PP-CLR ( IN through ) ( NP ( JJ strategic ) ( NN technology ) ( NNS alliances ) ) ) ) ) ) ) ( NP-SBJ ( NN management ) ) ( VP ( VBD said ) ) )

Partly costs will be held down through strategic technology alliances management said


( S ( NP-SBJ ( NNP Control ) ( NNP Data ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD announced ) ( NP ( NP ( DT an ) ( NN agreement ) ) ( PP ( IN with ) ( NP ( NNP MIPS ) ( NNP Computer ) ( NNPS Systems ) ( NNP Inc. ) ) ) ( S-1 ( VP ( TO to ) ( VP ( ADVP-MNR ( RB jointly ) ) ( VB develop ) ( NP ( NP ( NNS machines ) ) ( PP ( IN with ) ( NP ( VBN simplified ) ( NN operating ) ( NN software ) ) ) ) ) ) ) ) ) )

Control Data recently announced an agreement with MIPS Computer Systems Inc. to jointly develop machines with simplified operating software


( S ( NP-SBJ ( NP ( NNP James ) ( NNP E. ) ( NNP Ousley ) ) ( NP ( NN computer ) ( NNS products ) ( NN group ) ( NN president ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( JJ such ) ( NNS arrangements ) ) ( VP ( MD could ) ( VP ( VB help ) ( S ( VP ( VB slash ) ( NP ( NP ( NNP Control ) ( NNP Data ) ( POS 's ) ) ( NN computer ) ( NN research ) ( CC and ) ( NN development ) ( NNS costs ) ) ( PP-CLR ( IN in ) ( NP ( DT half ) ) ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) ) )

James E. Ousley computer products group president said such arrangements could help slash Control Data 's computer research and development costs in half by the end of 1990


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD disclosed ) ( SBAR ( IN that ) ( S ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( NNP Control ) ( NNP Data ) ) ( VP ( VBD scrapped ) ( NP ( PRP$ its ) ( NNP ETA ) ( NNPS Systems ) ( NNP Inc. ) ( NN supercomputer ) ( NN business ) ) ( NP-TMP ( DT this ) ( NN past ) ( NN spring ) ) ) ) ) ( NP-SBJ ( DT those ) ( NNS costs ) ) ( VP ( VBD were ) ( VP ( VBG running ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( RB nearly ) ( CD 35 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NN group ) ( NN revenue ) ) ) ) ) ) ) ) ) ) )

He disclosed that before Control Data scrapped its ETA Systems Inc. supercomputer business this past spring those costs were running at nearly 35 % of group revenue


( S ( S-TPC-2 ( PP-TMP ( IN At ) ( NP ( DT the ) ( JJ same ) ( NN time ) ) ) ( NP-SBJ-1 ( QP ( CD four ) ( IN of ) ( CD six ) ) ( NN design ) ( NNS projects ) ) ( VP ( VBD were ) ( VP ( VBN spiked ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

At the same time four of six design projects were spiked he said


( S ( S-ADV ( VP ( VBN Asked ) ( SBAR ( WHADVP-2 ( WRB how ) ) ( S ( NP-SBJ-1 ( DT the ) ( NN company ) ) ( VP ( VBZ hopes ) ( S ( VP ( TO to ) ( VP ( VB expand ) ( NP ( PRP$ its ) ( NN computer ) ( NN hardware ) ( NN business ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-4 ( NNP Mr. ) ( NNP Ousley ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ sees ) ( NP ( JJ good ) ( NNS opportunities ) ) ( PP-LOC-CLR ( IN in ) ( NP ( NNS systems ) ( NN integration ) ) ) ) ) ) ) )

Asked how the company hopes to expand its computer hardware business Mr. Ousley said it sees good opportunities in systems integration


( S ( S-TPC-2 ( NP-SBJ ( PRP We ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP 're ) ( VP ( VBG getting ) ( NP ( NP ( QP ( RB only ) ( CD 10 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN integration ) ( NNS dollars ) ) ( SBAR ( S ( NP-SBJ ( PRP$ our ) ( NNS customers ) ) ( VP ( VBP are ) ( VP ( VBG spending ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

We think we 're getting only 10 % of the integration dollars our customers are spending he said


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( PP-LOC-PRD ( IN in ) ( NP ( NP ( NNS environments ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP are ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB spend ) ( NP ( NP ( DT a ) ( NN lot ) ) ( PP ( IN of ) ( NP ( NN money ) ) ) ) ( PP-CLR ( IN on ) ( NP ( DT that ) ) ) ) ) ) ) ) ) ) ) ) ) )

We 're in environments that are going to spend a lot of money on that


( S ( NP-SBJ-1 ( NNP Control ) ( NNP Data ) ( NNS mainframes ) ) ( VP ( VBP are ) ( VP ( VBN designed ) ( PP-CLR ( IN for ) ( NP ( NP ( ADJP ( RB numerically ) ( JJ intensive ) ) ( VBG computing ) ( NNS users ) ) ( PP ( JJ such ) ( IN as ) ( NP ( DT the ) ( ADJP ( JJ scientific ) ( NN engineering ) ( CC and ) ( JJ academic ) ) ( NNS communities ) ) ) ) ) ) ) )

Control Data mainframes are designed for numerically intensive computing users such as the scientific engineering and academic communities


( S ( NP-SBJ ( NNS Utilities ) ( NN management ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( JJ major ) ( JJ commercial ) ( NN niche ) ) ) )

Utilities management is a major commercial niche


( S ( S-ADV ( VP ( VBG Reviewing ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN scrape ) ) ( PP ( IN with ) ( NP ( NN disaster ) ) ) ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Price ) ) ( VP ( VBD conceded ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBD had ) ( VP ( VBN tried ) ( S ( VP ( TO to ) ( VP ( VB do ) ( NP ( RB too ) ( RB much ) ) ( PP-MNR ( IN on ) ( NP ( PRP$ its ) ( JJ own ) ) ) ) ) ) ) ) ) ) ) )

Reviewing the company 's scrape with disaster Mr. Price conceded it had tried to do too much on its own


( S ( ADVP-TPC-1 ( RB Absolutely ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

Absolutely he said


( S ( CC But ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( PRP$ its ) ( NN stock ) ) ( VP ( VBZ is ) ( VP ( VBG selling ) ( PP-CLR ( IN at ) ( NP ( QP ( IN about ) ( DT half ) ) ( NP ( NNP Control ) ( NNP Data ) ( POS 's ) ) ( VBN estimated ) ( NN breakup ) ( NN value ) ) ) ) ) ) ) ( NP-SBJ ( CC neither ) ( NNP Messrs. ) ( NNP Perlman ) ( CC nor ) ( NNP Price ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ spends ) ( NP ( JJ much ) ( NN time ) ) ( S-CLR ( VP ( VBG considering ) ( NP ( NP ( DT the ) ( NN possibility ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ hostile ) ( NN takeover ) ) ) ) ) ) ) ) ) ) )

But while its stock is selling at about half Control Data 's estimated breakup value neither Messrs. Perlman nor Price said he spends much time considering the possibility of a hostile takeover


( SINV ( S-TPC-1 ( NP-SBJ-2 ( PRP We ) ) ( VP ( VBP 've ) ( VP ( VBN been ) ( VP ( VBN listed ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN candidate ) ) ) ( PP-TMP ( IN for ) ( NP ( NP ( RB so ) ( JJ long ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( RB not ) ( ADJP-PRD ( JJ worth ) ( SBAR ( S ( VP ( VBG worrying ) ( PP-CLR ( IN about ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Price ) ) )

We 've been listed as a candidate for so long it 's not worth worrying about said Mr. Price


( S ( NP-SBJ-1 ( NP ( NNP Ratners ) ( NNP Group ) ( NNP PLC ) ( POS 's ) ) ( NNP U.S. ) ( NN subsidiary ) ) ( VP ( VBZ has ) ( VP ( VBN agreed ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NN jewelry ) ( NN retailer ) ( NP ( NNP Weisfield ) ( POS 's ) ) ( NNP Inc. ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NP ( CD 50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( CC or ) ( NP ( QP ( IN about ) ( CD 55 ) ( CD million ) ) ) ) ) ) ) ) ) ) )

Ratners Group PLC 's U.S. subsidiary has agreed to acquire jewelry retailer Weisfield 's Inc. for 50 a share or about 55 million


( S ( NP-SBJ-1 ( NP ( NNP Weisfield ) ( POS 's ) ) ( NNS shares ) ) ( VP ( VBD soared ) ( PP-PRP ( IN on ) ( NP ( NP ( DT the ) ( NN announcement ) ) ( NP-TMP ( NN yesterday ) ) ) ) ( S-ADV ( VP ( VBG closing ) ( ADVP ( RB up ) ( NP ( CD 11 ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB close ) ( PP-CLR ( IN at ) ( NP ( CD 50 ) ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( JJ national ) ( JJ over-the-counter ) ( NN trading ) ) ) ) ) ) )

Weisfield 's shares soared on the announcement yesterday closing up 11 to close at 50 in national over-the-counter trading


( S ( NP-SBJ ( NP ( NNP Ratners ) ) ( CC and ) ( NP ( NNP Weisfield ) ( POS 's ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD reached ) ( NP ( NP ( DT an ) ( NN agreement ) ) ( PP ( IN in ) ( NP ( NN principle ) ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN acquisition ) ) ( PP ( IN of ) ( NP ( NNP Weisfield ) ( POS 's ) ) ) ( PP ( IN by ) ( NP ( NNP Sterling ) ( NNP Inc ) ) ) ) ) ) ) ) ) ) )

Ratners and Weisfield 's said they reached an agreement in principle for the acquisition of Weisfield 's by Sterling Inc


( S ( NP-SBJ ( DT The ) ( NNS companies ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN acquisition ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( NP ( DT a ) ( JJ definitive ) ( NN agreement ) ) ) ) ) ) ) ) )

The companies said the acquisition is subject to a definitive agreement


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP expect ) ( S ( NP-SBJ-1 ( DT the ) ( NN transaction ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN completed ) ( PP-TMP ( IN by ) ( NP ( NNP Dec. ) ( CD 15 ) ) ) ) ) ) ) ) ) ) ) )

They said they expect the transaction to be completed by Dec. 15


( S ( NP-SBJ ( NP ( NNP Weisfield ) ( POS 's ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Seattle ) ) ( NP ( NNP Wash. ) ) ) ) ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBZ operates ) ( NP ( NP ( CD 87 ) ( NN specialty ) ( NN jewelry ) ( NNS stores ) ) ( PP-LOC ( IN in ) ( NP ( CD nine ) ( NNS states ) ) ) ) ) )

Weisfield 's based in Seattle Wash. currently operates 87 specialty jewelry stores in nine states


( S ( PP-TMP ( IN In ) ( NP ( NP ( DT the ) ( JJ fiscal ) ( NN year ) ) ( VP ( VBD ended ) ( NP-TMP ( NNP Jan. ) ( CD 31 ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD reported ) ( NP ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( CD 59.5 ) ( CD million ) ) ) ) ) ( CC and ) ( NP ( NP ( JJ pretax ) ( NN profit ) ) ( PP ( IN of ) ( NP ( QP ( CD 2.9 ) ( CD million ) ) ) ) ) ) ) )

In the fiscal year ended Jan. 31 the company reported sales of 59.5 million and pretax profit of 2.9 million


( S ( NP-SBJ ( NP ( NNP Ratners ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ controls ) ( NP ( NP ( CD 25 ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ British ) ( NN jewelry ) ( NN market ) ) ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB increase ) ( NP ( NP ( DT the ) ( NN number ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNP U.S. ) ( NNS stores ) ) ) ) ( PP-DIR ( TO to ) ( NP ( QP ( IN about ) ( CD 450 ) ) ( NNS stores ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 360 ) ) ) ) ) )

Ratners which controls 25 % of the British jewelry market would increase the number of its U.S. stores to about 450 stores from 360


( S ( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ has ) ( VP ( VBN said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ hopes ) ( S ( VP ( TO to ) ( VP ( VB control ) ( NP ( NP ( CD 5 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NN jewelry ) ( NN business ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ) ( PP-TMP ( IN by ) ( NP ( CD 1992 ) ) ) ) ) ) ) ) ) ) ) ) ( S ( ADVP-TMP ( RB currently ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ controls ) ( NP ( QP ( IN about ) ( CD 2 ) ) ( NN % ) ) ) ) )

It has said it hopes to control 5 % of jewelry business in the U.S. by 1992 currently it controls about 2 %


( S ( NP-SBJ-1 ( NP ( DT The ) ( VBN bolstered ) ( JJ cellular ) ( NN agreement ) ) ( PP ( IN between ) ( NP ( NP ( NNP BellSouth ) ( NNP Corp. ) ) ( CC and ) ( NP ( NNP LIN ) ( NNP Broadcasting ) ( NNP Corp. ) ) ) ) ) ( VP ( VP ( VBZ carries ) ( NP ( VBN heightened ) ( NNS risks ) ) ) ( CC and ) ( VP ( MD could ) ( VP ( VB fail ) ( S ( VP ( TO to ) ( VP ( VB fend ) ( PRT ( RP off ) ) ( NP ( NP ( NNP McCaw ) ( NNP Cellular ) ( NNPS Communications ) ( NNP Inc. ) ) ( NP ( NP ( DT the ) ( JJ rival ) ( NN suitor ) ) ( PP ( IN for ) ( NP ( NNP LIN ) ) ) ) ) ) ) ) ) ) ) )

The bolstered cellular agreement between BellSouth Corp. and LIN Broadcasting Corp. carries heightened risks and could fail to fend off McCaw Cellular Communications Inc. the rival suitor for LIN


( S ( ADVP ( RB Moreover ) ) ( NP-SBJ ( DT the ) ( VBN amended ) ( NN pact ) ) ( VP ( VBZ shows ) ( SBAR ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ-2 ( NP ( NNP McCaw ) ( POS 's ) ) ( NN persistence ) ) ( VP ( VBZ has ) ( VP ( VBN pushed ) ( NP ( NP ( NNP LIN ) ) ( CC and ) ( NP ( NNP BellSouth ) ) ) ( PP-CLR ( IN into ) ( NP ( DT a ) ( NN corner ) ) ) ( S-ADV ( VP ( VBG forcing ) ( NP ( JJ huge ) ( NN debt ) ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( VBN proposed ) ( JJ new ) ( NN company ) ) ) ) ) ) ) ) ) ) )

Moreover the amended pact shows how McCaw 's persistence has pushed LIN and BellSouth into a corner forcing huge debt on the proposed new company


( S ( NP-SBJ-1 ( NP ( DT The ) ( NN debt ) ) ( VP ( VBN estimated ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 4.7 ) ( CD billion ) ) ) ) ) ) ( VP ( MD could ) ( VP ( VB mortgage ) ( NP ( NP ( DT the ) ( JJ cellular ) ( NN company ) ( POS 's ) ) ( NN future ) ( VBG earning ) ( NN power ) ) ( SBAR-PRP ( IN in ) ( NN order ) ( S ( VP ( TO to ) ( VP ( VB placate ) ( NP ( DT some ) ( NNP LIN ) ( NNS holders ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ short ) ( NN term ) ) ) ) ) ) ) ) ) )

The debt estimated at 4.7 billion could mortgage the cellular company 's future earning power in order to placate some LIN holders in the short term


( S ( NP-SBJ ( DT The ) ( NN plan ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBZ calls ) ( SBAR-CLR ( IN for ) ( S ( NP-SBJ ( NNP LIN ) ) ( VP ( VP ( TO to ) ( VP ( VB combine ) ( NP ( PRP$ its ) ( JJ cellular ) ( NN telephone ) ( NNS properties ) ) ( PP-CLR ( IN with ) ( NP ( NNP BellSouth ) ( POS 's ) ) ) ) ) ( CC and ) ( VP ( TO to ) ( VP ( VB spin ) ( PRT ( RP off ) ) ( NP ( PRP$ its ) ( VBG broadcasting ) ( NNS operations ) ) ) ) ) ) ) ) )

The plan still calls for LIN to combine its cellular telephone properties with BellSouth 's and to spin off its broadcasting operations


( S ( CC But ) ( PP-LOC ( IN under ) ( NP ( NP ( JJ new ) ( NNS terms ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN agreement ) ) ) ( VP ( VBN announced ) ( NP-TMP ( NNP Friday ) ) ) ) ) ( NP-SBJ ( NNP LIN ) ( NNS holders ) ) ( VP ( MD would ) ( VP ( VB receive ) ( NP ( NP ( DT a ) ( JJ special ) ( NN cash ) ( NN dividend ) ) ( PP ( IN of ) ( NP ( NP ( CD 42 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( VP ( VBG representing ) ( NP ( NP ( DT a ) ( NN payout ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 2.23 ) ( CD billion ) ) ) ) ) ) ) ( PP-TMP ( ADVP ( RB shortly ) ) ( IN before ) ( NP ( DT the ) ( VBN proposed ) ( NN merger ) ) ) ) ) )

But under new terms of the agreement announced Friday LIN holders would receive a special cash dividend of 42 a share representing a payout of about 2.23 billion shortly before the proposed merger


( S ( NP-SBJ ( NNP LIN ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB borrow ) ( NP ( NP ( DT the ) ( NN money ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( DT the ) ( NN dividend ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( NP ( NNS commitments ) ) ( PP ( IN from ) ( NP ( NNS banks ) ) ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBP have ) ( RB n't ) ( VP ( VBN been ) ( VP ( VBN obtained ) ) ) ) ) ) ) )

LIN said it expects to borrow the money to pay the dividend but commitments from banks still have n't been obtained


( S ( PP-LOC ( IN Under ) ( NP ( JJ previous ) ( NNS terms ) ) ) ( NP-SBJ ( NNS holders ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN received ) ( NP ( NP ( DT a ) ( NN dividend ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB only ) ( CD 20 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) )

Under previous terms holders would have received a dividend of only 20 a share


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ ( ADJP ( NNP New ) ( JJ York-based ) ) ( NNP LIN ) ) ( VP ( MD would ) ( VP ( VB exercise ) ( NP ( PRP$ its ) ( NN right ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( PRT ( RP out ) ) ( PP-CLR ( IN for ) ( NP ( QP ( CD 1.9 ) ( CD billion ) ) ) ) ( NP ( NP ( DT the ) ( ADJP ( CD 55 ) ( NN % ) ) ( NN equity ) ( NN interest ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( NN partner ) ) ( NP ( NNP Metromedia ) ( NNP Co. ) ) ) ) ( PP ( IN in ) ( NP ( DT a ) ( NNP New ) ( NNP York ) ( JJ cellular ) ( NN franchise ) ) ) ) ) ) ) ) ) ) )

In addition New York-based LIN would exercise its right to buy out for 1.9 billion the 55 % equity interest of its partner Metromedia Co. in a New York cellular franchise


( S ( NP-SBJ-2 ( DT That ) ( NN money ) ) ( ADVP ( RB also ) ) ( VP ( MD would ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN borrowed ) ) ) ) ) ) ) )

That money also would have to be borrowed


( S ( PP ( IN In ) ( NP ( NN effect ) ) ) ( NP-SBJ-1 ( NNP McCaw ) ) ( VP ( VBZ has ) ( VP ( VBN forced ) ( NP ( NP ( NNP LIN ) ( POS 's ) ) ( NN hand ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( NN bidding ) ( NP ( QP ( CD 1.9 ) ( CD billion ) ) ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( NN stake ) ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN month ) ) ) ) ) ) ) )

In effect McCaw has forced LIN 's hand by bidding 1.9 billion for the stake earlier this month


( SINV ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( VP ( VBG taking ) ( PRT ( RP on ) ) ( NP ( NP ( JJR more ) ( NN debt ) ) ( SBAR ( IN than ) ( S ( NP-SBJ-2 ( PRP we ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN liked ) ( S ( VP ( TO to ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD acknowledged ) ) ( NP-SBJ ( NP ( NNP Michael ) ( NNP Plouf ) ) ( NP ( NP ( NNP LIN ) ( POS 's ) ) ( NN vice ) ( NN president ) ( CC and ) ( NN treasurer ) ) ) )

We 're taking on more debt than we would have liked to acknowledged Michael Plouf LIN 's vice president and treasurer


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD expressed ) ( NP ( NN confidence ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( VBN proposed ) ( JJ new ) ( NN company ) ( POS 's ) ) ( NN cash ) ( NN flow ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ sufficient ) ( S ( VP ( TO to ) ( VP ( VB cover ) ( NP ( NP ( NN interest ) ( NNS payments ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN debt ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD estimated ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB be ) ( ADJP-PRD ( JJ profitable ) ) ( PP-TMP ( IN until ) ( UCP ( NP ( CD 1994 ) ) ( CC or ) ( ADJP ( RB later ) ) ) ) ) ) ) ) ) )

Although he expressed confidence that the proposed new company 's cash flow would be sufficient to cover interest payments on the debt he estimated that the company would n't be profitable until 1994 or later


( S ( NP-SBJ ( NN Analyst ) ) ( VP ( VBP estimate ) ( NP ( NP ( DT the ) ( NN value ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP BellSouth ) ( NN proposal ) ) ) ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( IN about ) ( CD 115 ) ( TO to ) ( CD 125 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) )

Analyst estimate the value of the BellSouth proposal at about 115 to 125 a share


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBP value ) ( NP ( NP ( NNP McCaw ) ( POS 's ) ) ( NN bid ) ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( CD 112 ) ( TO to ) ( CD 118 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) )

They value McCaw 's bid at 112 to 118 a share


( S ( NP-SBJ-1 ( DT The ) ( JJ previous ) ( NNP BellSouth ) ( NN pact ) ) ( VP ( VBD was ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( IN about ) ( CD 98 ) ( TO to ) ( CD 110 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) )

The previous BellSouth pact was valued at about 98 to 110 a share


( S ( NP-SBJ ( NP ( NNP McCaw ) ) ( NP ( NP ( DT the ) ( JJS largest ) ( NN provider ) ) ( PP ( IN of ) ( NP ( JJ cellular ) ( NN telephone ) ( NN service ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) ( ADVP-TMP ( RB already ) ) ( VP ( VBZ owns ) ( NP ( NP ( QP ( IN about ) ( CD 9.4 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NNP LIN ) ( POS 's ) ) ( NN stock ) ) ) ) ) )

McCaw the largest provider of cellular telephone service in the U.S. already owns about 9.4 % of LIN 's stock


( S ( PP ( IN In ) ( NP ( NP ( NN response ) ) ( PP ( TO to ) ( NP ( NP ( NNP BellSouth ) ( POS 's ) ) ( VBN amended ) ( NN pact ) ) ) ) ) ( NP-SBJ ( DT the ) ( NAC-LOC ( NNP Kirkland ) ( NNP Wash. ) ) ( NN company ) ) ( VP ( VBD extended ) ( NP ( PRP$ its ) ( JJ own ) ( NN offer ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( QP ( CD 22 ) ( CD million ) ) ( NNP LIN ) ( NNS shares ) ) ( PP-CLR ( IN for ) ( NP ( NP ( CD 125 ) ) ( ADVP ( RB apiece ) ) ) ) ( SBAR-ADV ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD would ) ( VP ( VB give ) ( NP ( NNP McCaw ) ) ( NP ( DT a ) ( ADJP ( CD 50.3 ) ( NN % ) ) ( VBG controlling ) ( NN interest ) ) ) ) ) ) ) ) ) ) ) )

In response to BellSouth 's amended pact the Kirkland Wash. company extended its own offer to buy 22 million LIN shares for 125 apiece which would give McCaw a 50.3 % controlling interest


( S ( PP-TMP ( IN Over ) ( NP ( DT the ) ( NN weekend ) ) ) ( NP-SBJ-1 ( NNP McCaw ) ) ( VP ( VBD continued ) ( S ( VP ( TO to ) ( VP ( VB call ) ( PP-CLR ( IN for ) ( NP ( NP ( DT an ) ( NN auction ) ) ( PP ( IN of ) ( NP ( NNP LIN ) ) ) ) ) ) ) ) ) )

Over the weekend McCaw continued to call for an auction of LIN


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP expect ) ( S ( NP-SBJ ( NNP McCaw ) ) ( VP ( TO to ) ( VP ( VB escalate ) ( NP ( DT the ) ( NN bidding ) ) ( ADVP-TMP ( RB again ) ) ) ) ) ) ) ) ) )

Analysts said they expect McCaw to escalate the bidding again


( SINV ( S-TPC-1 ( NP-SBJ ( DT This ) ( NN game ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( IN over ) ) ( ADVP-TMP ( RB yet ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Joel ) ( NNP D. ) ( NNP Gross ) ) ( NP ( NP ( DT a ) ( NN vice ) ( NN president ) ) ( PP-LOC ( IN at ) ( NP ( NNP Donaldson ) ( NNP Lufkin ) ( CC & ) ( NNP Jenrette ) ( NNPS Securities ) ( NNP Corp ) ) ) ) ) )

This game is n't over yet said Joel D. Gross a vice president at Donaldson Lufkin & Jenrette Securities Corp


( S ( PP-TMP ( IN At ) ( NP ( DT some ) ( NN point ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB become ) ( ADJP-PRD ( JJ non-economical ) ) ( PP ( IN for ) ( NP ( CD one ) ( NN company ) ) ) ) ) )

At some point it will become non-economical for one company


( S ( CC But ) ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP 're ) ( PP-LOC-PRD ( IN at ) ( NP ( DT that ) ( NN point ) ) ) ( ADVP-TMP ( RB yet ) ) ) ) ) ) ) )

But I do n't think we 're at that point yet


( S ( PP-LOC ( IN Under ) ( NP ( PRP$ its ) ( VBN revised ) ( NN proposal ) ) ) ( NP-SBJ ( JJ Atlanta-based ) ( NNP BellSouth ) ) ( VP ( VP ( MD would ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( ADJP ( CD 50 ) ( NN % ) ) ( NN interest ) ) ( PP ( IN in ) ( NP ( DT the ) ( JJ new ) ( JJ cellular ) ( NN company ) ) ) ) ) ) ( CC and ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ responsible ) ( PP ( IN for ) ( NP ( NP ( DT half ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN debt ) ) ) ) ) ) ) ) ) )

Under its revised proposal Atlanta-based BellSouth would have a 50 % interest in the new cellular company and would be responsible for half of its debt


( S ( S-PRP ( VP ( VP ( TO To ) ( VP ( VB sweeten ) ( NP ( DT the ) ( NN pact ) ) ( ADVP-CLR ( RB further ) ) ) ) ( PRN ( CC and ) ( VP ( TO to ) ( VP ( VB ease ) ( NP ( NP ( NNS concerns ) ) ( PP ( IN of ) ( NP ( JJ institutional ) ( NNS investors ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNP BellSouth ) ) ( VP ( VBD added ) ( NP ( NP ( DT a ) ( NN provision ) ) ( VP ( VBN designed ) ( S-CLR ( VP ( TO to ) ( VP ( VB give ) ( NP ( JJ extra ) ( NN protection ) ) ( PP-DTV ( TO to ) ( NP ( NNS holders ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ-2 ( DT the ) ( JJ regional ) ( NNP Bell ) ( NN company ) ) ( ADVP-TMP ( RB ever ) ) ( VP ( VBZ decides ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( DT the ) ( NN rest ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ new ) ( JJ cellular ) ( NN company ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

To sweeten the pact further and to ease concerns of institutional investors BellSouth added a provision designed to give extra protection to holders if the regional Bell company ever decides to buy the rest of the new cellular company


( S ( NP-SBJ ( NP ( DT The ) ( NN provision ) ) ( VP ( VBN described ) ( PP-CLR ( IN as ) ( NP ( JJ back-end ) ( NN protection ) ) ) ) ) ( VP ( MD would ) ( VP ( VB require ) ( S ( NP-SBJ ( NNP BellSouth ) ) ( VP ( TO to ) ( VP ( VB pay ) ( NP ( NP ( DT a ) ( NN price ) ) ( ADJP ( JJ equivalent ) ( PP ( TO to ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ-2 ( DT an ) ( JJ outside ) ( NN party ) ) ( VP ( MD might ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB pay ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The provision described as back-end protection would require BellSouth to pay a price equivalent to what an outside party might have to pay


( S ( NP-SBJ ( NP ( NNP McCaw ) ( POS 's ) ) ( NN bid ) ) ( ADVP ( RB also ) ) ( VP ( VBZ has ) ( NP ( DT a ) ( JJ similar ) ( NN clause ) ) ) )

McCaw 's bid also has a similar clause


( S ( RB Only ) ( NP-SBJ ( NP ( NNP McCaw ) ( POS 's ) ) ( NN proposal ) ) ( VP ( VBZ requires ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( TO to ) ( VP ( VB begin ) ( NP ( DT an ) ( NN auction ) ( NN process ) ) ( PP-TMP ( IN in ) ( NP ( NNP June ) ( CD 1994 ) ) ) ( PP ( IN for ) ( NP ( VBG remaining ) ( NNS shares ) ) ) ( PP-CLR ( IN at ) ( NP ( JJ third-party ) ( NNS prices ) ) ) ) ) ) ) )

Only McCaw 's proposal requires the company to begin an auction process in June 1994 for remaining shares at third-party prices


( S ( S-PRP ( VP ( TO To ) ( VP ( VB mollify ) ( NP ( NP ( NNS shareholders ) ) ( VP ( VBN concerned ) ( PP-CLR ( IN about ) ( NP ( NP ( DT the ) ( JJ long-term ) ( NN value ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( JJ BellSouth-LIN ) ( NN agreement ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNP BellSouth ) ) ( ADVP ( RB also ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB pay ) ( NP ( NP ( NP ( QP ( RB as ) ( RB much ) ( IN as ) ( CD 10 ) ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( CC or ) ( NP ( QP ( CD 540 ) ( CD million ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( PRN ( PP-TMP ( IN after ) ( NP ( CD five ) ( NNS years ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN trading ) ( NN value ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ new ) ( JJ cellular ) ( NN company ) ) ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ high ) ) ( PP ( IN as ) ( NP ( NP ( DT the ) ( NN value ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( NP-SBJ ( NNS shareholders ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN realized ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( NNP McCaw ) ( NN offer ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

To mollify shareholders concerned about the long-term value of the company under the BellSouth-LIN agreement BellSouth also agreed to pay as much as 10 a share or 540 million if after five years the trading value of the new cellular company is n't as high as the value that shareholders would have realized from the McCaw offer


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( ADJP-PRD ( RB very ) ( JJ pleased ) ( PP ( IN with ) ( NP ( DT the ) ( JJ new ) ( NN deal ) ) ) ) ) )

We 're very pleased with the new deal


( SINV ( S-TPC-2 ( NP-SBJ ( PRP We ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB expect ) ( S ( NP-SBJ ( NNP BellSouth ) ) ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( RB so ) ( JJ responsive ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Frederick ) ( NNP A. ) ( NNP Moran ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Moran ) ( NNP Asset ) ( NNP Management ) ( NNP Inc. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ holds ) ( NP ( CD 500,000 ) ( NNP LIN ) ( NNS shares ) ) ) ) ) ) ) ) ) )

We did n't expect BellSouth to be so responsive said Frederick A. Moran president of Moran Asset Management Inc. which holds 500,000 LIN shares


( S ( NP-SBJ-1 ( NP ( NNP BellSouth ) ( POS 's ) ) ( JJ back-end ) ( NN protection ) ) ( VP ( VBD was ) ( VP ( VBN flawed ) ( ADVP-TMP ( RB previously ) ) ) ) )

BellSouth 's back-end protection was flawed previously


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( DT this ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ superior ) ( NN deal ) ) ( PP ( TO to ) ( NP ( NNP McCaw ) ( POS 's ) ) ) ) ) ) ) ) )

We think this is a superior deal to McCaw 's


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( ADJP-PRD ( VBN surprised ) ) ) )

We 're surprised


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ-1 ( DT a ) ( VBG sleeping ) ( NNP Bell ) ( NN mentality ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ willing ) ( S ( VP ( TO to ) ( VP ( VB take ) ( PRT ( RP on ) ) ( NP ( NN dilution ) ) ) ) ) ) ) ) ) ) ) ) )

We did n't think a sleeping Bell mentality would be willing to take on dilution


( S ( CC But ) ( NP-SBJ ( NP ( NNP Kenneth ) ( NNP Leon ) ) ( NP ( NP ( DT a ) ( NNS telecommunications ) ( NN analyst ) ) ( PP ( IN with ) ( NP ( NNP Bear ) ( NNP Stearns ) ( CC & ) ( NNP Co. ) ) ) ) ) ( VP ( VBZ finds ) ( S ( NP-SBJ-4 ( DT the ) ( NNP BellSouth ) ( NN proposal ) ) ( VP ( ADVP-TMP ( RB still ) ) ( VBN flawed ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-1 ( DT the ) ( NN company ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB wait ) ( NP-ADV ( CD five ) ( NNS years ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB begin ) ( S ( VP ( VBG buying ) ( NP ( JJR more ) ( NNP LIN ) ( NNS shares ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But Kenneth Leon a telecommunications analyst with Bear Stearns & Co. finds the BellSouth proposal still flawed because the company does n't have to wait five years to begin buying more LIN shares


( S ( SBARQ-TPC-2 ( WHNP-1 ( WRB How ) ( JJ many ) ( NNS shares ) ) ( S ( VP ( MD will ) ( VP ( VB be ) ( ADVP-LOC-PRD ( IN around ) ) ( PP-TMP ( IN in ) ( NP ( CD 1995 ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD asked ) ) )

How many shares will be around in 1995 he asked


( S ( NP-SBJ ( EX There ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( NN nothing ) ) ( VP ( VBG preventing ) ( NP-1 ( NNP BellSouth ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG buying ) ( PRT ( RP up ) ) ( NP ( NNS shares ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN meanwhile ) ) ) ) ) ) ) ) ) )

There 's nothing preventing BellSouth from buying up shares in the meanwhile


( S ( NP-SBJ ( NP ( NNP BellSouth ) ( POS 's ) ) ( VBN revised ) ( NN proposal ) ) ( VP ( VBD surprised ) ( NP ( JJ many ) ( NN industry ) ( NNS analysts ) ) ( PP-PRP ( ADVP ( RB especially ) ) ( IN because ) ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN willingness ) ( S ( VP ( TO to ) ( VP ( VB accept ) ( NP ( NP ( DT some ) ( NN dilution ) ) ( PP ( IN of ) ( NP ( JJ future ) ( NNS earnings ) ) ) ) ) ) ) ) ) ) )

BellSouth 's revised proposal surprised many industry analysts especially because of the company 's willingness to accept some dilution of future earnings


( S ( NP-SBJ ( NP ( NNP William ) ( NNP O. ) ( NNP McCoy ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNP BellSouth ) ( NNPS Enterprises ) ( NNP Inc. ) ( NN unit ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( VBN revised ) ( NN agreement ) ) ( PP ( IN with ) ( NP ( NNP LIN ) ) ) ) ( VP ( MD would ) ( VP ( VP ( VB dilute ) ( NP ( NNP BellSouth ) ( NNS earnings ) ) ( PP-EXT-1 ( IN by ) ( NP ( QP ( IN about ) ( CD 9 ) ) ( NN % ) ) ) ( PP-TMP-2 ( IN in ) ( NP ( DT both ) ( CD 1990 ) ( CC and ) ( CD 1991 ) ) ) ) ( CC and ) ( VP ( PP-EXT=1 ( IN by ) ( NP ( RB significantly ) ( RBR less ) ) ) ( ADVP-TMP=2 ( RB thereafter ) ) ) ) ) ) ) ) )

William O. McCoy president of the company 's BellSouth Enterprises Inc. unit said the revised agreement with LIN would dilute BellSouth earnings by about 9 % in both 1990 and 1991 and by significantly less thereafter


( S ( ADVP ( RB Indeed ) ) ( NP-SBJ ( NP ( NNP BellSouth ) ( POS 's ) ) ( JJ cellular ) ( NNS operations ) ) ( VP ( VBD were ) ( PP-LOC-PRD ( IN among ) ( NP ( NP ( DT the ) ( JJ first ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN country ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB become ) ( ADJP-PRD ( JJ profitable ) ) ) ) ) ) ) ) ) )

Indeed BellSouth 's cellular operations were among the first in the country to become profitable


( S ( PP-TMP ( IN For ) ( NP ( CD 1988 ) ) ) ( NP-SBJ ( NNP BellSouth ) ) ( VP ( VBD earned ) ( NP ( NP ( QP ( CD 1.7 ) ( CD billion ) ) ) ( CC or ) ( NP ( NP ( CD 3.51 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP ( IN on ) ( NP ( NP ( NN revenue ) ) ( PP ( IN of ) ( NP ( QP ( CD 13.6 ) ( CD billion ) ) ) ) ) ) ) )

For 1988 BellSouth earned 1.7 billion or 3.51 a share on revenue of 13.6 billion


( S ( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBD were ) ( VP ( VBG predicting ) ( NP ( NP ( CD 1990 ) ( NNP BellSouth ) ( NNS earnings ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN range ) ) ( PP ( IN of ) ( NP ( NP ( NP ( CD 3.90 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( CC or ) ( NP ( QP ( CD 1.9 ) ( CD billion ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( ADVP-TMP ( RB now ) ) ( NP-SBJ-1 ( DT those ) ( NNS estimates ) ) ( VP ( VBP are ) ( VP ( VBG being ) ( VP ( VBN scaled ) ( ADVP-CLR ( RB back ) ) ) ) ) ) )

Analysts were predicting 1990 BellSouth earnings in the range of 3.90 a share or 1.9 billion but now those estimates are being scaled back


( S ( PP-LOC ( IN In ) ( NP ( JJ composite ) ( NN trading ) ) ) ( NP-TMP ( NNP Friday ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ) ) ( NP-SBJ ( NNP BellSouth ) ( NNS shares ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 87.5 ) ( NNS cents ) ) ( PP-DIR ( TO to ) ( NP ( CD 52.125 ) ) ) ) )

In composite trading Friday on the New York Stock Exchange BellSouth shares fell 87.5 cents to 52.125


( S ( PP-LOC ( IN In ) ( NP ( JJ national ) ( JJ over-the-counter ) ( NN trading ) ) ) ( NP-SBJ-1 ( NNP LIN ) ( NNS shares ) ) ( VP ( VBD soared ) ( NP-EXT ( CD 4.625 ) ) ( S-PRP-CLR ( VP ( TO to ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 112.625 ) ) ) ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NNP McCaw ) ) ( VP ( VBD fell ) ( NP-EXT ( NP ( CD 2.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( PP-DIR ( TO to ) ( NP ( CD 37.75 ) ) ) ) ) ) ) )

In national over-the-counter trading LIN shares soared 4.625 to closed at 112.625 while McCaw fell 2.50 a share to 37.75


( S ( NP-SBJ ( DT The ) ( NP ( NP ( VBN proposed ) ( NNP BellSouth-LIN ) ( JJ cellular ) ( NN company ) ) ( PP ( VBG including ) ( NP ( DT the ) ( ADJP ( RB newly ) ( VBN acquired ) ) ( NNP Metromedia ) ( NN stake ) ) ) ) ) ( VP ( MD would ) ( VP ( VB give ) ( NP ( DT the ) ( JJ new ) ( NN entity ) ) ( NP ( NP ( QP ( CD 55 ) ( CD million ) ) ( JJ potential ) ( NNS customers ) ) ( PP ( VBG including ) ( NP ( NP ( QP ( IN about ) ( CD 35 ) ( CD million ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJ top ) ( CD 10 ) ( NNS markets ) ) ) ) ) ) ) ) )

The proposed BellSouth-LIN cellular company including the newly acquired Metromedia stake would give the new entity 55 million potential customers including about 35 million in the nation 's top 10 markets


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Leon ) ) ( PP ( IN of ) ( NP ( NNP Bear ) ( NNP Stearns ) ) ) ) ( VP ( VBD speculated ) ( SBAR ( IN that ) ( S ( NP-SBJ-3 ( NNP McCaw ) ) ( PP ( IN in ) ( NP ( DT an ) ( NN attempt ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NN time ) ) ) ) ) ) ) ( VP ( MD might ) ( VP ( VB consider ) ( S ( VP ( VBG filing ) ( NP ( DT an ) ( JJ antitrust ) ( NN suit ) ) ( PP-CLR ( IN against ) ( NP ( NNP BellSouth ) ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NNP Justice ) ( NNP Department ) ) ( CC and ) ( NP ( NP ( NNP U.S. ) ( NNP District ) ( NNP Judge ) ( NNP Harold ) ( NNP Greene ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ oversees ) ( NP ( NP ( NN enforcement ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN consent ) ( NN decree ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD broke ) ( PRT ( RP up ) ) ( NP ( DT the ) ( NNP Bell ) ( NN system ) ) ( PP-TMP ( IN in ) ( NP ( CD 1984 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Leon of Bear Stearns speculated that McCaw in an attempt to buy time might consider filing an antitrust suit against BellSouth with the Justice Department and U.S. District Judge Harold Greene who oversees enforcement of the consent decree that broke up the Bell system in 1984


( S ( ADVP ( RB Indeed ) ) ( NP-SBJ-1 ( NNP McCaw ) ) ( VP ( VBD seemed ) ( S ( VP ( TO to ) ( VP ( VB hint ) ( PP-CLR ( IN at ) ( NP ( DT that ) ( NN option ) ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ brief ) ( NN statement ) ) ) ) ) ) ) )

Indeed McCaw seemed to hint at that option in a brief statement


( S ( S-ADV ( VP ( NNP Urging ) ( NP-3 ( NNP LIN ) ( NNS directors ) ) ( S ( VP ( TO to ) ( VP ( VB conduct ) ( NP ( DT a ) ( JJ fair ) ( NN auction ) ) ( PP-LOC ( IN on ) ( NP ( DT a ) ( NN level ) ( VBG playing ) ( NN field ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP McCaw ) ) ( VP ( VBD asked ) ( SBAR ( WHADVP-4 ( WRB how ) ( RB well ) ) ( S ( NP-SBJ-1 ( DT the ) ( JJ public ) ( NN interest ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN served ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( DT the ) ( NNP Bell ) ( VBG operating ) ( NNS companies ) ) ( VP ( VBG controlling ) ( NP ( NP ( QP ( IN over ) ( CD 94 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( DT all ) ( JJ cellular ) ( JJ potential ) ( NNS customers ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJ top ) ( CD 10 ) ( NNS markets ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Urging LIN directors to conduct a fair auction on a level playing field McCaw asked how well the public interest would be served with the Bell operating companies controlling over 94 % of all cellular potential customers in the nation 's top 10 markets


( S ( NP-SBJ ( NP ( NNP Switzerland ) ( POS 's ) ) ( ADJP ( RBS most ) ( JJ famous ) ) ( NN raider ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( RB n't ) ( NP-PRD ( CD one ) ) ) ) ) ) )

Switzerland 's most famous raider says he is n't one


( S ( NP-SBJ ( NNP Werner ) ( NNP K. ) ( NNP Rey ) ) ( VP ( VBZ believes ) ( SBAR ( S ( NP-SBJ-1 ( NNS fortunes ) ) ( VP ( VBP are ) ( VP ( VBN made ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG being ) ( ADJP-PRD ( JJ friendly ) ) ) ) ) ) ) ) ) ) )

Werner K. Rey believes fortunes are made by being friendly


( S ( CC And ) ( PP-TMP ( IN in ) ( NP ( NP ( RB little ) ( JJR more ) ) ( PP ( IN than ) ( NP ( NP ( DT a ) ( NN decade ) ) ( PP ( IN of ) ( S-NOM ( VP ( VP ( VBG being ) ( ADJP-PRD ( JJ friendly ) ) ) ( PRN ( CC and ) ( PP-TMP ( IN at ) ( NP ( DT the ) ( JJ same ) ( NN time ) ) ) ( VP ( VBG rocking ) ( NP ( DT the ) ( JJ staid ) ( JJ Swiss ) ( NN business ) ( NN community ) ) ( PP-CLR ( IN with ) ( NP ( DT some ) ( JJ U.S.-style ) ( NN wheeling ) ( CC and ) ( NN dealing ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ 46-year-old ) ( NNP Mr. ) ( NNP Rey ) ) ( VP ( VBZ has ) ( VP ( VBN grown ) ( PP-CLR ( IN from ) ( NP ( DT a ) ( JJ modest ) ( NN banker ) ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( NN billionaire ) ) ) ) ) )

And in little more than a decade of being friendly and at the same time rocking the staid Swiss business community with some U.S.-style wheeling and dealing the 46-year-old Mr. Rey has grown from a modest banker to a billionaire


( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBD achieved ) ( NP ( DT this ) ) ( PP-MNR ( PP ( IN in ) ( NP ( NN part ) ) ) ( IN with ) ( NP ( NP ( DT an ) ( JJ uncanny ) ( NN talent ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG getting ) ( NP-CLR ( PRP$ his ) ( NN foot ) ) ( ADVP-MNR ( RB peacefully ) ) ( PP-CLR ( IN in ) ( NP ( NP ( DT the ) ( NN door ) ) ( PP ( IN of ) ( NP ( VBN established ) ( JJ European ) ( NNS companies ) ) ) ) ) ) ) ) ) ) ) )

He achieved this in part with an uncanny talent for getting his foot peacefully in the door of established European companies


( NP ( NP ( PRP$ His ) ( JJS latest ) ( NN coup ) ) ( NP ( NP ( NP ( NNP September ) ( POS 's ) ) ( NN masterminding ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( ADJP ( ADJP ( QP ( CD five ) ( CD billion ) ) ( NN Swiss-franc ) ) ( PRN ( ADJP ( QP ( CD 3.07 ) ( CD billion ) ) ) ) ) ( NN merger ) ) ( PP ( IN between ) ( NP ( NP ( NP ( NNP Adia ) ( NNP S.A. ) ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( JJ second-largest ) ( JJ temporary ) ( NN employment ) ( NN agency ) ) ) ( CC and ) ( NP ( NP ( NNP Inspectorate ) ( NNP International ) ( NNP S.A. ) ) ( NP ( DT a ) ( JJ Rey-controlled ) ( JJ product-inspection ) ( NN company ) ) ) ) ) ) ) ) )

His latest coup September 's masterminding of the five billion Swiss-franc 3.07 billion merger between Adia S.A. the world 's second-largest temporary employment agency and Inspectorate International S.A. a Rey-controlled product-inspection company