( S ( NP-SBJ ( NNP Sony ) ) ( VP ( VBZ is ) ( VP ( VBG acquiring ) ( NP ( NP ( NNP Columbia ) ) ( CC and ) ( NP ( NNP Guber-Peters ) ( NNP Entertainment ) ( NNP Co. ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( CD two ) ( JJ separate ) ( NNS transactions ) ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( QP ( JJR more ) ( IN than ) ( CD 5 ) ( CD billion ) ) ) ) ) ) ) ) ) )

Sony is acquiring Columbia and Guber-Peters Entertainment Co. in two separate transactions valued at more than 5 billion


( S ( NP-SBJ ( NP ( NNP Warner ) ( NNPS Communications ) ( NNP Inc. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN acquired ) ( PP ( IN by ) ( NP-LGS ( NNP Time ) ( NNP Warner ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN filed ) ( NP ( DT a ) ( ADJP ( QP ( CD 1 ) ( CD billion ) ) ) ( JJ breach-of-contract ) ( NN suit ) ) ( PP-CLR ( IN against ) ( NP ( NP ( NNP Sony ) ) ( CC and ) ( NP ( DT the ) ( CD two ) ( NNS producers ) ) ) ) ) ) )

Warner Communications Inc. which is being acquired by Time Warner has filed a 1 billion breach-of-contract suit against Sony and the two producers


( S ( NP-SBJ ( NNP Warner ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( JJ five-year ) ( JJ exclusive ) ( NN contract ) ) ( PP ( IN with ) ( NP ( NP ( NNP Mr. ) ( NNP Guber ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Peters ) ) ) ) ( SBAR ( WHNP-200 ( WDT that ) ) ( S ( VP ( VBZ requires ) ( S ( NP-SBJ ( PRP them ) ) ( VP ( TO to ) ( VP ( VB make ) ( NP ( NNS movies ) ) ( PP-LOC ( ADVP ( RB exclusively ) ) ( IN at ) ( NP ( DT the ) ( NNP Warner ) ( NNPS Bros. ) ( NN studio ) ) ) ) ) ) ) ) ) ) ) )

Warner has a five-year exclusive contract with Mr. Guber and Mr. Peters that requires them to make movies exclusively at the Warner Bros. studio


( S ( S ( NP-SBJ ( NP ( DT The ) ( CD two ) ( NNS sides ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ legal ) ( NN battle ) ) ) ) ( VP ( VBP have ) ( VP ( VBN hurled ) ( NP ( NP ( NNS accusations ) ) ( PP ( IN of ) ( NP ( NN duplicity ) ) ) ) ( PP-DIR ( IN at ) ( NP ( DT each ) ( JJ other ) ) ) ( PP-TMP ( IN for ) ( NP ( NNS weeks ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT both ) ( NNP Warner ) ( CC and ) ( NNP Sony ) ) ( VP ( VBP have ) ( VP ( VBN accused ) ( NP-1 ( DT each ) ( JJ other ) ) ( PP-CLR ( IN of ) ( S-NOM ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB sabotage ) ( NP ( NP ( NP ( DT each ) ( JJ other ) ( POS 's ) ) ( NNS prospects ) ) ( PP ( IN for ) ( NP ( NP ( NN success ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN entertainment ) ( NN business ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The two sides in the legal battle have hurled accusations of duplicity at each other for weeks and both Warner and Sony have accused each other of trying to sabotage each other 's prospects for success in the entertainment business


( S ( S ( CC But ) ( NP-SBJ ( PRP it ) ) ( VP ( MD may ) ( VP ( VB amount ) ( PP-CLR ( TO to ) ( NP ( NP ( RB little ) ( JJR more ) ) ( PP ( IN than ) ( NP ( NN posturing ) ) ) ) ) ) ) ) ( S ( S ( NP-SBJ ( DT the ) ( CD two ) ) ( VP ( VBP have ) ( VP ( VBN continued ) ( NP ( JJ on-again ) ( JJ off-again ) ( NN settlement ) ( NNS talks ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ last ) ( JJ few ) ( NNS weeks ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( NNS people ) ) ( ADJP ( JJ familiar ) ( PP ( IN with ) ( NP ( DT the ) ( NNS talks ) ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ-183 ( DT the ) ( NN matter ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN resolved ) ( PP-TMP ( IN within ) ( NP ( DT a ) ( NN week ) ) ) ) ) ) ) ) ) ) ) )

But it may amount to little more than posturing the two have continued on-again off-again settlement talks over the last few weeks and people familiar with the talks say the matter could be resolved within a week


( S ( NP-SBJ-1 ( DT Both ) ( NNP Warner ) ( CC and ) ( NNP Sony ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB comment ) ( PP-CLR ( IN on ) ( NP ( NP ( DT the ) ( NNS terms ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN settlement ) ( NNS discussions ) ) ) ) ) ) ) ) ) )

Both Warner and Sony declined to comment on the terms of the settlement discussions


( S ( CC But ) ( NP-SBJ ( NP ( DT the ) ( NNS people ) ) ( ADJP ( JJ familiar ) ( PP ( IN with ) ( NP ( DT the ) ( NNS talks ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNP Warner ) ) ( VP ( VBZ is ) ( RB n't ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB get ) ( NP ( DT any ) ( NN cash ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN settlement ) ) ) ) ) ) ) ) ) ) ) )

But the people familiar with the talks said that Warner is n't expected to get any cash in the settlement


( S ( ADVP ( RB Instead ) ) ( NP-SBJ-1 ( NNP Sony ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB agree ) ( S ( VP ( TO to ) ( VP ( VB let ) ( S ( NP-SBJ ( NNP Warner ) ) ( VP ( VB participate ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( JJ certain ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS businesses ) ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( DT the ) ( NN record ) ( NN club ) ) ( PP ( IN of ) ( NP ( NP ( NNP Sony ) ( POS 's ) ) ( NNP CBS ) ( NNPS Records ) ( NN unit ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Instead Sony is likely to agree to let Warner participate in certain of its businesses such as the record club of Sony 's CBS Records unit


( S ( S ( NP-SBJ ( NNP Warner ) ) ( VP ( VBZ has ) ( VP ( VBN surpassed ) ( NP ( NNP Sony ) ) ( PP ( IN as ) ( NP ( DT the ) ( JJS largest ) ( NN record ) ( NN company ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( JJ powerful ) ( JJ world-wide ) ( NN record ) ( NN club ) ) ( PP ( IN like ) ( NP ( NNP CBS ) ) ) ) ) ) ) )

Warner has surpassed Sony as the largest record company but it does n't have a powerful world-wide record club like CBS


( S ( NP-SBJ ( DT The ) ( CD two ) ( NNS sides ) ) ( VP ( VBP are ) ( ADVP ( RB also ) ) ( VP ( VBG discussing ) ( NP ( NP ( JJ certain ) ( NN business ) ( NNS ventures ) ) ( VP ( VBG involving ) ( NP ( NP ( NN cable ) ( NNS rights ) ) ( PP ( TO to ) ( NP ( NP ( NNP Columbia ) ( POS 's ) ) ( NNS movies ) ) ) ) ) ) ) ) )

The two sides are also discussing certain business ventures involving cable rights to Columbia 's movies


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ-1 ( NNP Sony ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB agree ) ( S ( VP ( TO to ) ( VP ( VB swap ) ( NP ( NP ( NP ( NNP Columbia ) ( POS 's ) ) ( ADJP ( CD 35 ) ( NN % ) ) ( NN stake ) ) ( PP ( IN in ) ( NP ( NP ( DT the ) ( JJ sprawling ) ( NAC-LOC ( NNP Burbank ) ( NNP Calif. ) ) ( NN studio ) ) ( SBAR ( WHNP-3 ( IN that ) ) ( S ( NP-SBJ ( NNP Warner ) ( CC and ) ( NNP Columbia ) ) ( VP ( NN share ) ) ) ) ) ) ) ( PP ( IN in ) ( NP ( NP ( NN exchange ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( JJ old ) ( NNP MGM ) ( NN studio ) ( NN lot ) ) ( SBAR ( WHNP-201 ( IN that ) ) ( S ( NP-SBJ ( NNP Warner ) ) ( VP ( VBD acquired ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN purchase ) ) ( PP ( IN of ) ( NP ( NNP Lorimar ) ( NNPS Telepictures ) ( NNP Corp ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In addition Sony is expected to agree to swap Columbia 's 35 % stake in the sprawling Burbank Calif. studio that Warner and Columbia share in exchange for the old MGM studio lot that Warner acquired with the purchase of Lorimar Telepictures Corp


( S ( ADVP ( RB Still ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( MD may ) ( VP ( VB be ) ( ADJP-PRD ( JJ tough ) ) ( SBAR-2 ( IN for ) ( S ( NP-SBJ ( DT the ) ( CD two ) ) ( VP ( TO to ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( JJ smooth ) ( NN partnership ) ) ( PP-LOC ( IN in ) ( NP ( NN anything ) ) ) ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN wake ) ) ( PP ( IN of ) ( NP ( NP ( VBN sworn ) ( NNS affidavits ) ) ( VP ( VBN filed ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( JJ last ) ( NN week ) ) ) ) ) ) ) ) ) ) )

Still it may be tough for the two to have a smooth partnership in anything in the wake of sworn affidavits filed over the last week


( S ( NP-SBJ ( CD One ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( VBD came ) ( PP-DIR ( IN from ) ( NP ( NP ( NNP CBS ) ( NNPS Records ) ( NNP Chairman ) ( NNP Walter ) ( NNP Yetnikoff ) ) ( SBAR ( WHNP-202 ( WP who ) ) ( S ( VP ( MD will ) ( VP ( VB head ) ( NP ( NP ( DT a ) ( NN committee ) ) ( SBAR ( WHNP-203 ( WDT that ) ) ( S ( VP ( MD will ) ( VP ( VB oversee ) ( NP ( NP ( NP ( NNP Sony ) ( POS 's ) ) ( NN entertainment ) ( NN division ) ) ( PP ( VBG including ) ( NP ( DT both ) ( NNS records ) ( CC and ) ( NNS movies ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

One for example came from CBS Records Chairman Walter Yetnikoff who will head a committee that will oversee Sony 's entertainment division including both records and movies


( S ( PP-LOC ( IN In ) ( NP ( PRP$ his ) ( NN affidavit ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Yetnikoff ) ) ( VP ( VP ( VBD accused ) ( NP-2 ( NNP Warner ) ( NNP Chairman ) ( NNP Steven ) ( NNP J. ) ( NNP Ross ) ) ( PP-CLR ( IN of ) ( S-NOM ( VP ( VBG having ) ( NP ( DT an ) ( JJ antiSony ) ( JJ anti-Japanese ) ( NN bias ) ) ) ) ) ) ( CC and ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Ross ) ) ( VP ( VBD had ) ( VP ( VBN tried ) ( S ( VP ( TO to ) ( VP ( VB talk ) ( NP-3 ( PRP him ) ) ( PP-CLR ( RB out ) ( PP ( IN of ) ( S-NOM ( VP ( VBG letting ) ( S ( NP-SBJ ( NNP Sony ) ) ( VP ( VB buy ) ( NP ( NNP CBS ) ( NNPS Records ) ) ) ) ) ) ) ) ) ) ) ( ADVP-TMP ( NP ( CD two ) ( NNS years ) ) ( RB ago ) ) ( PP-PRP ( IN for ) ( NP ( DT that ) ( NN reason ) ) ) ) ) ) ) ) ) )

In his affidavit Mr. Yetnikoff accused Warner Chairman Steven J. Ross of having an antiSony anti-Japanese bias and said that Mr. Ross had tried to talk him out of letting Sony buy CBS Records two years ago for that reason


( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Ross ) ) ( SBAR ( WHNP-204 ( WP who ) ) ( S ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( NP ( NP ( NN chairman ) ) ( CC and ) ( NP ( JJ co-chief ) ( NN executive ) ( NN officer ) ) ) ( PP ( IN of ) ( NP ( NNP Time ) ( NNP Warner ) ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( DT the ) ( NN merger ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ complete ) ) ) ) ) ) ) ) ) ) ( VP ( VP ( VBD denied ) ( NP ( IN that ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ his ) ( JJ own ) ( NN affidavit ) ) ) ) ( CC and ) ( VP ( VBD called ) ( S ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Yetnikoff ) ( POS 's ) ) ( NNS remarks ) ) ( ADJP-PRD ( JJ vicious ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP$ his ) ( NNS claims ) ) ( ADJP-PRD ( JJ reckless ) ( JJ irresponsible ) ( CC and ) ( JJ baseless ) ) ) ) ) ( S-ADV ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ ( NNP Warner ) ) ( PP-LOC ( IN under ) ( NP ( PRP$ his ) ( NN leadership ) ) ) ( VP ( VBZ has ) ( VP ( VBN started ) ( NP ( NP ( DT a ) ( NN number ) ) ( PP ( IN of ) ( NP ( NNS businesses ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ) ) ) ) ) ) )

Mr. Ross who will be chairman and co-chief executive officer of Time Warner after the merger is complete denied that in his own affidavit and called Mr. Yetnikoff 's remarks vicious and his claims reckless irresponsible and baseless saying Warner under his leadership has started a number of businesses in Japan


( S ( NP-SBJ ( NNP Mr. ) ( NNP Ross ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ enjoys ) ( NP ( NP ( JJ warm ) ( ADJP ( NN professional ) ( CC and ) ( JJ personal ) ) ( NNS relationships ) ) ( PP ( IN with ) ( NP ( NP ( JJ Japanese ) ( NNS executives ) ) ( PP ( VBG including ) ( NP ( NP ( NNP Sony ) ( NNP Chairman ) ( NNP Akio ) ( NNP Morita ) ) ( SBAR ( WHNP-205 ( WP who ) ) ( S ( VP ( VBZ has ) ( VP ( VBN visited ) ( NP ( NP ( PRP$ my ) ( NN home ) ) ( ADVP-LOC ( RB here ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Ross also said he enjoys warm professional and personal relationships with Japanese executives including Sony Chairman Akio Morita who has visited my home here


( S ( CC But ) ( PP ( IN despite ) ( NP ( NP ( DT the ) ( NN acrimony ) ) ( PP ( IN between ) ( NP ( NP ( NNP Mr. ) ( NNP Ross ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Yetnikoff ) ) ) ) ) ) ( NP-SBJ ( NP ( NNS officials ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Time ) ( NN side ) ) ( PP ( IN of ) ( NP ( NNP Time ) ( NNP Warner ) ) ) ) ) ) ( VP ( VBP have ) ( ADVP ( RB reportedly ) ) ( VP ( VBN been ) ( ADJP-PRD ( RB increasingly ) ( JJ interested ) ( PP ( IN in ) ( NP ( NP ( DT a ) ( NN settlement ) ) ( SBAR ( WHNP-206 ( WDT that ) ) ( S ( VP ( MD might ) ( VP ( VB yield ) ( NP ( JJ attractive ) ( NN business ) ( NNS opportunities ) ) ) ) ) ) ) ) ) ) ) )

But despite the acrimony between Mr. Ross and Mr. Yetnikoff officials of the Time side of Time Warner have reportedly been increasingly interested in a settlement that might yield attractive business opportunities


( S ( NP-SBJ-1 ( NP ( NNP Time ) ( NNS executives ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN president ) ) ( NP ( NNP N.J ) ( NNS Nicholas ) ) ( SBAR ( WHNP-207 ( WP who ) ) ( S ( VP ( MD will ) ( ADVP-TMP ( RB eventually ) ) ( VP ( VB be ) ( NP-PRD ( NP ( JJ co-chief ) ( NN executive ) ) ( PP ( IN of ) ( NP ( NNP Time ) ( NNP Warner ) ) ) ( PP ( IN alongside ) ( NP ( NNP Mr. ) ( NNP Ross ) ) ) ) ) ) ) ) ) ) ) ( VP ( VP ( VBP have ) ( NP ( DT no ) ( JJ personal ) ( NNS relationships ) ( CC or ) ( NN ego ) ) ( PP-CLR ( IN at ) ( NP ( NN stake ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN fight ) ) ( PP ( IN over ) ( NP ( DT the ) ( NNP Guber-Peters ) ( NN duo ) ) ) ) ) ) ( CC and ) ( VP ( VBD were ) ( ADVP-TMP ( RB never ) ) ( VP ( ADVP-MNR ( RB directly ) ) ( VBN drawn ) ( PP-DIR ( IN into ) ( NP ( DT the ) ( NN fray ) ) ) ) ) ) )

Time executives such as the company 's president N.J Nicholas who will eventually be co-chief executive of Time Warner alongside Mr. Ross have no personal relationships or ego at stake in the fight over the Guber-Peters duo and were never directly drawn into the fray


( S ( NP-SBJ ( NP ( NNS Talks ) ) ( PP ( IN between ) ( NP ( DT the ) ( CD two ) ( NNS sides ) ) ) ) ( VP ( MD could ) ( VP ( VB unravel ) ( PP ( IN of ) ( NP ( NN course ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP have ) ( ADVP-TMP ( RBR more ) ( IN than ) ( RB once ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ ( NNP Sony ) ) ( VP ( VBD announced ) ( NP ( PRP$ its ) ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB hire ) ( NP ( NP ( NNP Mr. ) ( NNP Guber ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Peters ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Talks between the two sides could unravel of course as they have more than once since Sony announced its plans to hire Mr. Guber and Mr. Peters


( S ( CC But ) ( NP-SBJ-1 ( DT both ) ( NNS sides ) ) ( VP ( VBP appear ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( RBR more ) ( JJ willing ) ) ( ADVP-TMP ( RB now ) ) ( S-2 ( VP ( TO to ) ( VP ( VB meet ) ( NP ( NP ( DT each ) ( JJ other ) ( POS 's ) ) ( NNS terms ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB resolve ) ( NP ( DT the ) ( NN issue ) ) ) ) ) ) ) ) ) ) ) ) )

But both sides appear to be more willing now to meet each other 's terms to resolve the issue


( S ( CC And ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( NNP Warner ) ) ( VP ( VBZ has ) ( VP ( VBN said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD wanted ) ( S ( NP-SBJ ( DT the ) ( NNS producers ) ) ( VP ( TO to ) ( VP ( VB fulfill ) ( NP ( NP ( DT the ) ( NNS terms ) ) ( PP ( IN of ) ( NP ( PRP$ their ) ( NN contract ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNS producers ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( VBN sworn ) ( NN court ) ( NNS declarations ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB believe ) ( SBAR ( S ( NP-SBJ-184 ( DT the ) ( NN relationship ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN repaired ) ( PP-TMP ( IN after ) ( NP ( NP ( DT the ) ( NN acrimony ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ legal ) ( NN battle ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

And although Warner has said it wanted the producers to fulfill the terms of their contract the producers said in sworn court declarations that they did n't believe the relationship could be repaired after the acrimony of the legal battle


( S ( NP-SBJ-1 ( DT Any ) ( NN settlement ) ) ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB exclude ) ( NP ( NP ( NNP Mr. ) ( NNP Guber ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Peters ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( DT any ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS projects ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBG working ) ( PP-CLR ( IN on ) ) ( PP-LOC ( IN at ) ( NP ( NNP Warner ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Any settlement is also expected to exclude Mr. Guber and Mr. Peters from any of the projects they were working on at Warner


( S ( NP-SBJ ( DT The ) ( NNP Guber-Peters ) ( NN duo ) ) ( VP ( VBP have ) ( NP ( NP ( CD 50 ) ( NNS projects ) ) ( PP ( IN in ) ( NP ( NP ( JJ various ) ( NNS stages ) ) ( PP ( IN of ) ( NP ( NN development ) ( CC and ) ( NN production ) ) ) ) ) ( PP-LOC ( IN at ) ( NP ( NNP Warner ) ) ) ( PP ( VBG including ) ( NP ( NP-TTL ( NP ( NN Bonfire ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS Vanities ) ) ) ) ( CC and ) ( NP-TTL ( DT A ) ( JJ Bright ) ( VBG Shining ) ( NN Lie ) ) ) ) ) ) )

The Guber-Peters duo have 50 projects in various stages of development and production at Warner including Bonfire of the Vanities and A Bright Shining Lie


( S ( S ( CC But ) ( NP-SBJ ( IN that ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB mean ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Guber ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Peters ) ) ) ( VP ( MD might ) ( RB not ) ( ADVP ( RB eventually ) ) ( VP ( VB get ) ( NP ( PRP$ their ) ( NNS hands ) ) ( PP-CLR ( IN on ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ their ) ( NNS projects ) ) ) ) ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( NNS studios ) ) ( VP ( VP ( VBP develop ) ( NP ( NP ( NNS hundreds ) ) ( PP ( IN of ) ( NP ( NNS movies ) ) ) ) ) ( CC but ) ( VP ( VBP produce ) ( NP ( QP ( RB only ) ( CD 10 ) ( TO to ) ( CD 20 ) ) ) ( NP-TMP ( DT each ) ( NN year ) ) ) ) ) )

But that does n't mean Mr. Guber and Mr. Peters might not eventually get their hands on some of their projects studios develop hundreds of movies but produce only 10 to 20 each year


( S ( SBAR-TMP ( RB Once ) ( S ( NP-SBJ-1 ( DT a ) ( NN studio ) ) ( VP ( VBZ chooses ) ( S ( RB not ) ( VP ( TO to ) ( VP ( ADVP ( RB actually ) ) ( VB make ) ( NP ( NP ( DT a ) ( NN movie ) ) ( SBAR ( WHNP-208 ( WDT that ) ) ( S ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( NN development ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNS producers ) ) ( VP ( VBP are ) ( ADVP ( RB typically ) ) ( ADJP-PRD ( JJ free ) ( S ( VP ( TO to ) ( VP ( VB take ) ( NP ( PRP it ) ) ( ADVP-DIR ( RB elsewhere ) ) ) ) ) ) ) )

Once a studio chooses not to actually make a movie that is in development producers are typically free to take it elsewhere


( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Guber ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Peters ) ) ) ( ADVP ( RB also ) ) ( ADVP ( RB almost ) ( RB certainly ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB participate ) ( PP-CLR ( IN in ) ( NP ( NP ( JJ future ) ( NNS sequels ) ) ( PP ( TO to ) ( NP ( NP-TTL ( NNP Batman ) ) ( NP ( NP ( DT the ) ( NN blockbuster ) ( NN hit ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD produced ) ( PP ( IN for ) ( NP ( NNP Warner ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Guber and Mr. Peters also almost certainly would n't be able to participate in future sequels to Batman the blockbuster hit they produced for Warner


( S ( CC But ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VBG acquiring ) ( NP ( NNP Guber-Peters ) ( NNP Entertainment ) ) ) ) ) ( NP-SBJ-2 ( NNP Sony ) ) ( VP ( MD will ) ( ADVP ( RB actually ) ) ( VP ( VB get ) ( NP ( NP ( DT a ) ( NN piece ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS profits ) ) ( PP ( IN from ) ( NP-TTL ( NNP Batman ) ) ) ) ) ) ( SBAR-PRP ( IN since ) ( S ( NP-SBJ ( DT the ) ( ADJP ( RB publicly ) ( JJ held ) ) ( NN concern ) ) ( VP ( VBZ gets ) ( NP ( JJ certain ) ( NN revenue ) ) ( PP-DIR ( IN from ) ( NP ( NP ( DT the ) ( NNS movies ) ) ( SBAR ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Guber ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Peters ) ) ) ( VP ( VBP produce ) ) ) ) ) ) ) ) ) ) ) )

But in acquiring Guber-Peters Entertainment Sony will actually get a piece of the profits from Batman since the publicly held concern gets certain revenue from the movies Mr. Guber and Mr. Peters produce


( S ( NP-SBJ ( DT The ) ( CD two ) ( NNS producers ) ) ( VP ( VBP own ) ( NP ( NP ( DT a ) ( JJ combined ) ( ADJP ( CD 28 ) ( NN % ) ) ( NN stake ) ) ( PP ( IN in ) ( NP ( NNP Guber-Peters ) ) ) ) ) )

The two producers own a combined 28 % stake in Guber-Peters


( S ( NP-SBJ ( NP ( JJ Few ) ( NNS people ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN advertising ) ( NN business ) ) ) ) ( VP ( VBP have ) ( VP ( VBN raised ) ( NP ( NP ( ADJP ( IN as ) ( JJ many ) ) ( NNS hackles ) ) ( PP ( IN as ) ( NP ( NNP Alvin ) ( NN A. ) ( NNP Achenbaum ) ) ) ) ) ) )

Few people in the advertising business have raised as many hackles as Alvin A. Achenbaum


( S ( S ( NP-SBJ ( DT The ) ( JJ general ) ( NN public ) ) ( VP ( MD may ) ( RB not ) ( VP ( VB know ) ( NP ( PRP$ his ) ( NN name ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ famous ) ) ( PRN ( S ( VP ( VB make ) ( S ( NP-SBJ ( DT that ) ) ( ADJP-PRD ( JJ infamous ) ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NN advertising ) ( NNS circles ) ) ) ) ) ( S ( S-ADV ( NP-PRD ( DT A ) ( VBG marketing ) ( NN consultant ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD pioneered ) ( S ( VP ( VBG slashing ) ( NP ( NN ad ) ( NN agency ) ( NNS commissions ) ) ) ) ( PP ( TO to ) ( NP ( NP ( NP ( DT the ) ( NN delight ) ) ( PP ( IN of ) ( NP ( NN advertising ) ( NNS clients ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN dismay ) ) ( PP ( IN of ) ( NP ( NNS agencies ) ) ) ) ) ) ) ) )

The general public may not know his name but he 's famous make that infamous in advertising circles A marketing consultant he pioneered slashing ad agency commissions to the delight of advertising clients and the dismay of agencies


( S ( ADVP-TMP ( RB Now ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG beating ) ( NP ( PRP them ) ) ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Achenbaum ) ) ( VP ( VBZ is ) ( VP ( VBG joining ) ( NP ( PRP them ) ) ) ) )

Now after beating them Mr. Achenbaum is joining them


( S ( NP-SBJ ( NNP Backer ) ( NNP Spielvogel ) ( NNP Bates ) ( NNP Worldwide ) ) ( VP ( VBD named ) ( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Achenbaum ) ) ( NP ( CD 62 ) ) ) ( NP-PRD ( NP ( NN vice ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( JJ professional ) ( NNS services ) ) ) ( VP ( VBG reporting ) ( ADVP-MNR ( RB directly ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NNP Carl ) ( NNP Spielvogel ) ) ( NP ( NP ( NN chairman ) ) ( CC and ) ( NP ( JJ chief ) ( NN executive ) ( NN officer ) ) ) ) ) ) ) ) ) )

Backer Spielvogel Bates Worldwide named Mr. Achenbaum 62 vice chairman of professional services reporting directly to Carl Spielvogel chairman and chief executive officer


( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBZ joins ) ( NP-TMP ( NNP Nov. ) ( CD 13 ) ) ( S-ADV ( VP ( VBG dissolving ) ( NP ( NP ( PRP$ his ) ( VBG consulting ) ( NN firm ) ) ( NP ( NNP Canter ) ( NNP Achenbaum ) ( NNPS Associates ) ) ) ) ) ) )

He joins Nov. 13 dissolving his consulting firm Canter Achenbaum Associates


( S ( PP-TMP ( IN In ) ( NP ( NP ( NNS years ) ) ( ADJP ( RB past ) ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NN ad ) ( NN industry ) ( POS 's ) ) ( ADJP ( RBS most ) ( JJ distinguished ) ) ( NNS executives ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB hesitate ) ( S ( VP ( TO to ) ( VP ( VB excorciate ) ( NP ( NNP Mr. ) ( NNP Achenbaum ) ) ) ) ) ) ) )

In years past the ad industry 's most distinguished executives did n't hesitate to excorciate Mr. Achenbaum


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBP have ) ( ADVP-TMP ( RB since ) ) ( VP ( VBN mellowed ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ-1 ( CD one ) ( JJ senior ) ( NNP Young ) ( CC & ) ( NNP Rubicam ) ( NN executive ) ) ( S-ADV ( VP ( VBG echoing ) ( NP ( NNS others ) ) ) ) ( VP ( VBD said ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( NN ad ) ( NNS agencies ) ) ( VP ( VBP owe ) ( NP ( NNP Carl ) ( NNP Spielvogel ) ) ( NP ( NP ( DT a ) ( NN vote ) ) ( PP ( IN of ) ( NP ( NP ( NNS thanks ) ) ( PP ( IN for ) ( S-NOM ( VP ( VBG getting ) ( NP ( PRP him ) ) ( PP-CLR ( IN out ) ( PP ( IN of ) ( NP ( DT the ) ( NN consulting ) ( NN business ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

They have since mellowed although one senior Young & Rubicam executive echoing others said I think ad agencies owe Carl Spielvogel a vote of thanks for getting him out of the consulting business


( S ( CC But ) ( NP-SBJ ( NN industry ) ( NNS executives ) ) ( ADVP ( RB also ) ) ( VP ( VBP believe ) ( SBAR ( S ( S-NOM-SBJ ( VP ( VBG hiring ) ( NP ( NNP Mr. ) ( NNP Achenbaum ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ shrewd ) ( NN move ) ) ( PP ( IN for ) ( NP ( NP ( NNP Backer ) ( NNP Spielvogel ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP Saatchi ) ( CC & ) ( NNP Saatchi ) ) ) ) ) ) ) ) ) ) ) )

But industry executives also believe hiring Mr. Achenbaum is a shrewd move for Backer Spielvogel a unit of Saatchi & Saatchi


( S ( NP-SBJ ( NNP Mr. ) ( NNP Achenbaum ) ) ( VP ( VBZ has ) ( VP ( VBN counted ) ( PP-LOC ( IN among ) ( NP ( PRP$ his ) ( NNS clients ) ) ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( ADJP ( RBS most ) ( JJ visible ) ) ( JJ blue-chip ) ( NNS advertisers ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN country ) ) ) ( PP ( VBG including ) ( NP ( NP ( NNP Nissan ) ) ( NP ( NNP Toyota ) ) ( NP ( NNP Seagram ) ) ( CC and ) ( NP ( NNP Backer ) ( NNP Spielvogel ) ( NNS clients ) ( NX ( NX ( NNP Hyundai ) ) ( CC and ) ( NX ( NNP J.P. ) ( NNP Morgan ) ) ) ) ) ) ) ) ) ) ) )

Mr. Achenbaum has counted among his clients some of the most visible blue-chip advertisers in the country including Nissan Toyota Seagram and Backer Spielvogel clients Hyundai and J.P. Morgan


( S ( S ( PP-LOC ( IN At ) ( NP ( NNP Backer ) ( NNP Spielvogel ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( MD will ) ( VP ( VB work ) ( PP-CLR ( IN with ) ( NP ( NP ( NNS clients ) ) ( CC and ) ( NP ( JJ potential ) ( NNS clients ) ) ) ) ( PP-CLR ( IN on ) ( NP ( NN marketing ) ( NNS strategies ) ) ) ) ) ) ( S ( ADVP ( RB aside ) ( PP ( IN from ) ( NP ( NN agency ) ( NN compensation ) ( NNS issues ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD helped ) ( S ( NP-SBJ ( NNP Nissan ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( VB come ) ( PRT ( RP up ) ) ( PP-CLR ( IN with ) ( NP ( NP ( PRP$ its ) ( NN positioning ) ( CC and ) ( NN pricing ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( JJ new ) ( NNP Infiniti ) ( NN line ) ) ) ) ) ) ) ) ) )

At Backer Spielvogel he will work with clients and potential clients on marketing strategies aside from agency compensation issues he helped Nissan for example come up with its positioning and pricing for its new Infiniti line


( S ( NP-SBJ ( PRP$ His ) ( NN client ) ( NNS contacts ) ) ( ADVP-TMP ( RB meanwhile ) ) ( VP ( MD could ) ( VP ( VB prove ) ( NP ( NP ( DT a ) ( NN gold ) ( NN mine ) ) ( PP ( IN for ) ( NP ( NP ( DT an ) ( NN agency ) ) ( SBAR ( WHNP-291 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN had ) ( NP ( JJ few ) ( JJ new ) ( NN business ) ( NNS wins ) ) ( PP-TMP ( IN of ) ( ADVP ( RB late ) ) ) ) ) ) ) ) ) ) ) ) )

His client contacts meanwhile could prove a gold mine for an agency that has had few new business wins of late


( S ( S-TPC-3 ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 've ) ( VP ( VBN done ) ( NP ( QP ( IN over ) ( CD 40 ) ) ( NN ad ) ( NN agency ) ( NNS searches ) ) ( PP ( IN for ) ( NP ( NNS clients ) ) ) ) ) ) ( RB so ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP have ) ( NP ( NP ( DT a ) ( ADJP ( RB pretty ) ( JJ good ) ) ( NN notion ) ) ( PP ( IN of ) ( SBAR ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( NNS clients ) ) ( VP ( VBP are ) ( VP ( JJ interested ) ( PP-CLR ( IN in ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP look ) ( PP-CLR ( IN for ) ( NP ( DT an ) ( NN agency ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Achenbaum ) ) ( VP ( VBD said ) ) )

I 've done over 40 ad agency searches for clients so I have a pretty good notion of what clients are interested in when they look for an agency Mr. Achenbaum said


( S ( PP ( IN As ) ( NP ( DT a ) ( NN consultant ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( VP ( VBN given ) ( NP ( NP ( NNS seminars ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNS agencies ) ) ( PP ( VBG including ) ( NP ( NNP Ogilvy ) ( CC & ) ( NNP Mather ) ) ) ) ) ( PP-1 ( IN on ) ( SBAR-NOM ( WHADVP-2 ( WRB how ) ) ( S ( VP ( TO to ) ( VP ( VB win ) ( NP ( JJ new ) ( NN business ) ) ) ) ) ) ) ) ) )

As a consultant he has given seminars at agencies including Ogilvy & Mather on how to win new business


( S ( NP-SBJ ( NNP Mr. ) ( NNP Spielvogel ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ hopes ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Achenbaum ) ) ( VP ( MD will ) ( VP ( VB do ) ( NP ( DT some ) ( JJ strategic ) ( NN consulting ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN agency ) ) ) ( PP ( IN for ) ( NP ( NNS non-clients ) ) ) ( PP ( IN in ) ( NP ( NNS hopes ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP become ) ( NP-PRD ( NNS clients ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Spielvogel said he hopes Mr. Achenbaum will do some strategic consulting at the agency for non-clients in hopes that they become clients


( S ( PP-LOC ( IN At ) ( NP ( NNP Backer ) ( NNP Spielvogel ) ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Spielvogel ) ( POS 's ) ) ( NN hallmark ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( NP ( JJ personal ) ( NN involvement ) ) ( PP ( IN with ) ( NP ( DT all ) ( JJ major ) ( NNS clients ) ) ) ) ) ) )

At Backer Spielvogel Mr. Spielvogel 's hallmark has been personal involvement with all major clients


( S ( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ pampers ) ( NP ( PRP them ) ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ invites ) ( NP ( PRP them ) ) ( PP-CLR ( TO to ) ( NP ( JJ fabulous ) ( NNS parties ) ) ) ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ strokes ) ( NP ( PRP them ) ) ) ) )

He pampers them he invites them to fabulous parties he strokes them


( S ( NP-SBJ ( NNP Mr. ) ( NNP Achenbaum ) ) ( ADVP ( RB too ) ) ( VP ( VBZ delves ) ( PP-CLR ( IN into ) ( NP ( NP ( PRP$ his ) ( NNS clients ) ( POS ' ) ) ( NN business ) ) ) ) )

Mr. Achenbaum too delves into his clients ' business


( S ( NP-SBJ ( NNP Carl ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( ADJP ( RB much ) ( JJR higher ) ) ( NN degree ) ) ( PP ( IN of ) ( NP ( NP ( NN intimacy ) ) ( PP ( IN with ) ( NP ( PRP$ his ) ( NNS clients ) ) ) ) ) ( SBAR ( IN than ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( JJ ordinary ) ) ( PP ( IN for ) ( NP ( NP ( DT an ) ( NN agency ) ) ( NP ( PRP$ his ) ( NN size ) ) ) ) ) ) ) ) ) )

Carl has a much higher degree of intimacy with his clients than is ordinary for an agency his size


( SINV ( S-TPC-2 ( CC And ) ( PP ( IN with ) ( NP ( NP ( NP ( NNP Al ) ( POS 's ) ) ( NN record ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG being ) ( NP-PRD ( NP ( DT a ) ( NN delver ) ) ( CC and ) ( NP ( DT a ) ( NN detail ) ( NN guy ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP you ) ) ( VP ( MD can ) ( VP ( VB see ) ( SBAR ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( DT the ) ( CD two ) ) ( VP ( VBP fit ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Alan ) ( NNP Gottesman ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN with ) ( NP ( NNP PaineWebber ) ) ) ) ) )

And with Al 's record of being a delver and a detail guy you can see how the two fit said Alan Gottesman an analyst with PaineWebber


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Achenbaum ) ( POS 's ) ) ( NN move ) ) ( VP ( VBZ follows ) ( NP ( NP ( DT the ) ( NN announcement ) ) ( NP-TMP ( JJ last ) ( NN month ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( PRP$ his ) ( VBG consulting ) ( NN partner ) ) ( NP ( NNP Stanley ) ( NNP Canter ) ) ( NP ( CD 66 ) ) ) ( VP ( MD would ) ( VP ( VB retire ) ) ) ) ) ) ) )

Mr. Achenbaum 's move follows the announcement last month that his consulting partner Stanley Canter 66 would retire


( S ( S-TPC-2 ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( DT the ) ( NN announcement ) ) ( VP ( VBD came ) ( ADVP-CLR ( RB out ) ) ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VP ( VBD picked ) ( PRT ( RP up ) ) ( NP ( DT the ) ( NN phone ) ) ) ( CC and ) ( VP ( VBD said ) ( SBARQ ( WHADVP ( WRB Why ) ) ( SQ ( VBP do ) ( RB n't ) ( NP-SBJ ( PRP you ) ) ( VP ( VB come ) ( PP-DIR ( TO to ) ( NP ( PRP us ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Spielvogel ) ) ( VP ( VBD said ) ) )

When the announcement came out I picked up the phone and said Why do n't you come to us Mr. Spielvogel said


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Achenbaum ) ) ( SBAR ( WHNP-292 ( WP who ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( VBG considering ) ( S ( VP ( VP ( VBG paring ) ( PRT ( RP down ) ) ( NP ( PRP$ his ) ( NN firm ) ) ) ( CC or ) ( VP ( VBG merging ) ( NP ( PRP it ) ) ( PP-CLR ( IN with ) ( NP ( DT another ) ( JJ small ) ( NN consulting ) ( NN outfit ) ) ) ) ) ) ) ) ) ) ) ) ( ADVP-TMP ( RB soon ) ) ( VP ( VBD agreed ) ) )

Mr. Achenbaum who had been considering paring down his firm or merging it with another small consulting outfit soon agreed


( S ( NP-SBJ-1 ( DT The ) ( CD two ) ( NNS men ) ) ( VP ( VBP are ) ( NP-PRD ( JJ longtime ) ( NNS friends ) ( CC and ) ( NN tennis ) ( NNS partners ) ) ( S-ADV ( VP ( VBG having ) ( VP ( VBN met ) ( ADVP-TMP ( NP ( QP ( IN about ) ( CD 25 ) ) ( NNS years ) ) ( RB ago ) ) ) ) ) ) )

The two men are longtime friends and tennis partners having met about 25 years ago


( S ( PP-TMP ( IN Before ) ( S-NOM ( VP ( VBG becoming ) ( NP-PRD ( DT a ) ( NN consultant ) ) ( PP-TMP ( IN in ) ( NP ( CD 1974 ) ) ) ) ) ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Achenbaum ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( JJ senior ) ( NN executive ) ) ( PP-LOC ( IN at ) ( NP ( NNP J. ) ( NNP Walter ) ( NNP Thompson ) ( NNP Co ) ) ) ) ) )

Before becoming a consultant in 1974 Mr. Achenbaum was a senior executive at J. Walter Thompson Co


( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VP ( VBD spent ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NN career ) ) ) ) ( S-CLR ( VP ( VBG formulating ) ( NP ( NN marketing ) ( NNS strategies ) ) ) ) ) ( CC but ) ( VP ( VBD became ) ( ADJP-PRD ( JJS best-known ) ( PP ( IN for ) ( S-NOM ( VP ( VBG chipping ) ( ADVP-CLR ( RB away ) ) ( PP-CLR ( IN at ) ( NP ( NN ad ) ( NN agency ) ( NN compensation ) ) ) ) ) ) ) ) ) )

He spent most of his career formulating marketing strategies but became best-known for chipping away at ad agency compensation


( S ( S ( NP-SBJ ( NN Ad ) ( NNS agencies ) ) ( ADVP ( RB typically ) ) ( VP ( VBD earned ) ( NP ( DT a ) ( JJ straight ) ( ADJP ( CD 15 ) ( NN % ) ) ( NN commission ) ) ) ) ( S ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( DT a ) ( NN client ) ) ( VP ( VBN spent ) ( NP ( QP ( CD 100 ) ( CD million ) ) ) ( PP-CLR ( IN on ) ( NP ( NN TV ) ( NN time ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( VBD made ) ( NP ( QP ( CD 15 ) ( CD million ) ) ) ) ) )

Ad agencies typically earned a straight 15 % commission if a client spent 100 million on TV time the agency made 15 million


( S ( CC But ) ( NP-SBJ ( NNP Mr. ) ( NNP Achenbaum ) ) ( VP ( VBD pioneered ) ( NP ( NP ( JJ negotiated ) ( NNS fees ) ) ( SBAR ( WHNP-293 ( WDT which ) ) ( S ( ADVP-TMP ( RB often ) ) ( VP ( VBD worked ) ( PRT ( RP out ) ) ( PP-CLR ( TO to ) ( NP ( QP ( JJR less ) ( IN than ) ( CD 15 ) ) ( NN % ) ) ) ) ) ) ) ) )

But Mr. Achenbaum pioneered negotiated fees which often worked out to less than 15 %


( S ( ADVP-TMP ( RBR More ) ( RB recently ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD negotiated ) ( NP ( NP ( NN indemnification ) ( NNS clauses ) ) ( SBAR ( WHPP-1 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( DT an ) ( NN ad ) ( NN agency ) ) ( PP-LOC ( IN in ) ( NP ( DT some ) ( NNS cases ) ) ) ( VP ( MD must ) ( VP ( VB pay ) ( NP ( DT a ) ( NN client ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ drops ) ( NP ( DT the ) ( NN account ) ) ) ) ) ) ) ) ) ) ) )

More recently he negotiated indemnification clauses in which an ad agency in some cases must pay a client if it drops the account


( S ( NP-SBJ ( PRP He ) ) ( ADVP-TMP ( RB ultimately ) ) ( VP ( VBD became ) ( ADJP-PRD ( ADJP ( RB so ) ( JJ well-known ) ( PP ( IN for ) ( S-NOM ( VP ( VBG cutting ) ( NP ( NN compensation ) ) ) ) ) ) ( PRN ( ADVP ( RB however ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS clients ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB seek ) ( NP ( PRP him ) ) ( PRT ( RP out ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NN anything ) ) ( ADJP ( JJ else ) ) ) ) ) ) ) ) ) ) )

He ultimately became so well-known for cutting compensation however that clients did n't seek him out for anything else


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB very ) ( JJ frustrated ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

I was very frustrated he said


( S ( NP-SBJ ( NP ( DT The ) ( NN fact ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN matter ) ) ) ) ( VP ( VBZ is ) ( SBAR-PRD ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP am ) ( NP-PRD ( DT a ) ( NN marketer ) ) ) ) ) ) )

The fact of the matter is I am a marketer


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT another ) ( NN reason ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP Backer ) ( NNP Spielvogel ) ( NN job ) ) ) ) ) )

That 's another reason for the Backer Spielvogel job


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD struck ) ( NP ( PRP me ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( NN way ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB get ) ( ADVP-CLR ( RB back ) ( PP ( TO to ) ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( NP-SBJ-3 ( PRP I ) ) ( ADVP ( RB really ) ) ( VP ( VBP want ) ( S ( VP ( TO to ) ( VP ( VB do ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It struck me as a way to get back to what I really want to do


( S ( NP-SBJ ( NNP Mr. ) ( NNP Spielvogel ) ) ( VP ( VBD added ) ( ADVP-MNR ( RB pointedly ) ) ( S ( NP-SBJ ( NP ( DT The ) ( NN pressure ) ) ( PP ( IN on ) ( NP ( NNS commissions ) ) ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB begin ) ( PP ( IN with ) ( NP ( NNP Al ) ( NNP Achenbaum ) ) ) ) ) ) ) )

Mr. Spielvogel added pointedly The pressure on commissions did n't begin with Al Achenbaum


( S ( NP-SBJ ( NNP Mr. ) ( NNP Spielvogel ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Achenbaum ) ) ( VP ( MD will ) ( VP ( VB work ) ( PP-CLR ( IN with ) ( NP ( NNS clients ) ) ) ( S-PRP-CLR ( VP ( VP ( TO to ) ( VP ( VB determine ) ( NP ( NP ( DT the ) ( NN mix ) ) ( PP ( IN of ) ( NP ( NP ( NN promotion ) ) ( NP ( NN merchandising ) ) ( NP ( NN publicity ) ) ( CC and ) ( NP ( JJ other ) ( VBG marketing ) ( NNS outlets ) ) ) ) ) ) ) ( CC and ) ( VP ( TO to ) ( VP ( VB integrate ) ( NP ( DT those ) ( NNS services ) ) ) ) ) ) ) ) ) ) ) )

Mr. Spielvogel said Mr. Achenbaum will work with clients to determine the mix of promotion merchandising publicity and other marketing outlets and to integrate those services


( S ( NP-SBJ ( PRP He ) ) ( VP ( MD will ) ( VP ( VB concentrate ) ( PP-CLR ( IN on ) ( PRN ( PP ( IN among ) ( NP ( NNS others ) ) ) ) ( NP ( NP ( NNP J.P. ) ( NNP Morgan ) ) ( CC and ) ( NP ( NNP Hyundai ) ) ) ) ) ) )

He will concentrate on among others J.P. Morgan and Hyundai


( S ( S ( NP-SBJ ( NNP Mr. ) ( NNP Achenbaum ) ) ( VP ( VBD helped ) ( NP ( NNP Morgan ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ its ) ( JJ recent ) ( NN agency ) ( NN search ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( JJ long ) ( NN relationship ) ) ( PP ( IN with ) ( NP ( NP ( NNP Hyundai ) ) ( SBAR ( WHNP-294 ( WDT which ) ) ( S ( VP ( VBZ is ) ( VP ( VBG having ) ( NP ( NP ( JJ severe ) ( NNS troubles ) ) ( PP ( VBG including ) ( NP ( VBG declining ) ( NNS sales ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Achenbaum helped Morgan in its recent agency search and he has a long relationship with Hyundai which is having severe troubles including declining sales


( S ( S-TPC-1 ( NP-SBJ ( NP ( DT The ) ( NN trail ) ) ( PP ( IN of ) ( NP ( NN revenue ) ) ) ) ( VP ( VBZ is ) ( ADVP ( RB increasingly ) ) ( VP ( VP ( VBG going ) ( ADVP-DIR ( RB away ) ( PP ( IN from ) ( NP ( JJ pure ) ( NN advertising ) ) ) ) ) ( CC and ) ( VP ( VBG going ) ( PP-DIR ( IN towards ) ( NP ( JJ other ) ( NNS services ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Spielvogel ) ) ( VP ( VBD said ) ) )

The trail of revenue is increasingly going away from pure advertising and going towards other services Mr. Spielvogel said


( S-1 ( PP ( RB Instead ) ( IN of ) ( S-NOM ( VP ( VBG being ) ( NP-PRD ( RB just ) ( DT an ) ( NN ad ) ( NN agency ) ) ) ) ) ( PRN ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) ) ( NP-SBJ-2 ( PRP We ) ) ( VP ( VBP have ) ( VP ( VBD redefined ) ( NP ( NP ( PRP$ our ) ( NN mission ) ) ( ADVP-LOC ( RB here ) ) ) ) ) )

Instead of being just an ad agency he said We have redefined our mission here


( S ( NP-SBJ ( PRP$ Our ) ( NN mission ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( VP ( TO to ) ( VP ( VB help ) ( S ( NP-SBJ ( PRP$ our ) ( NNS clients ) ) ( VP ( VB grow ) ) ) ) ) ( CC and ) ( VP ( TO to ) ( VP ( VB use ) ( NP ( NP ( DT every ) ( NN tool ) ) ( PP ( IN of ) ( NP ( NN marketing ) ( NNS communications ) ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB accomplish ) ( NP ( DT that ) ) ) ) ) ) ) ) ) ) )

Our mission is to help our clients grow and to use every tool of marketing communications to accomplish that


( S ( NP-SBJ ( NN Industry ) ( NNS executives ) ) ( VP ( VBP are ) ( VP ( VBG wishing ) ( NP ( NNP Mr. ) ( NNP Achenbaum ) ) ( ADVP-CLR ( RB well ) ) ) ) )

Industry executives are wishing Mr. Achenbaum well


( S ( NP-SBJ ( NP ( NNP Leonard ) ( NNP Matthews ) ) ( NP ( NP ( JJ then-president ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP American ) ( NNP Association ) ) ( PP ( IN of ) ( NP ( NNP Advertising ) ( NNPS Agencies ) ) ) ) ) ) ) ( VP ( VBD called ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Achenbaum ) ) ( NP-PRD ( DT a ) ( NN quisling ) ) ) ( PP-LOC ( IN in ) ( NP ( DT an ) ( JJ incendiary ) ( CD 1987 ) ( NN speech ) ) ) ) )

Leonard Matthews then-president of the American Association of Advertising Agencies called Mr. Achenbaum a quisling in an incendiary 1987 speech


( S ( NP-TMP ( NN Yesterday ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Matthews ) ) ( ADVP-TMP ( RB now ) ) ( NP ( NP ( DT a ) ( NN consultant ) ) ( PP ( IN with ) ( NP ( DT the ) ( NAC-LOC ( NNP Stamford ) ( NNP Conn. ) ) ( NN firm ) ( NNP Matthews ) ( CC & ) ( NNP Johnston ) ) ) ) ) ( VP ( VBD quipped ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD 'll ) ( VP ( VB be ) ( ADJP-PRD ( RB very ) ( JJ good ) ( PP ( IN at ) ( NP ( DT that ) ( JJ new ) ( NN job ) ) ) ) ) ) ) ) ) ) ) )

Yesterday Mr. Matthews now a consultant with the Stamford Conn. firm Matthews & Johnston quipped I think he 'll be very good at that new job


( FRAG ( CC And ) ( ADJP ( ADJP ( RB much ) ( JJR better ) ( PP ( IN at ) ( NP ( DT that ) ) ) ) ( PP ( IN than ) ( PP ( IN at ) ( NP ( NP ( DT the ) ( NN price-cutting ) ) ( SBAR ( S ( NP-SBJ ( PRP he ) ( VBZ 's ) ) ( VP ( VBN been ) ( VP ( VBG doing ) ( ADVP-TMP ( RB recently ) ) ) ) ) ) ) ) ) ) )

And much better at that than at the price-cutting he 's been doing recently


( NP-HLN ( NNP Cotton ) ( NNP Inc ) ( NN Campaign ) )

Cotton Inc Campaign


( S ( NP-SBJ ( NP ( NNP Cotton ) ( NNP Inc. ) ) ( NP ( NP ( DT the ) ( NN fiber ) ( NN company ) ) ( SBAR ( WHNP-295 ( WDT that ) ) ( S ( VP ( VBZ represents ) ( NP ( NN cotton ) ( NNS growers ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB begin ) ( NP ( NP ( DT a ) ( JJ new ) ( NN ad ) ( NN campaign ) ) ( VP ( VBN developed ) ( PP ( IN by ) ( NP-LGS ( NNP Ogilvy ) ( CC & ) ( NNP Mather ) ) ) ) ) ( NP-TMP ( NNP Thanksgiving ) ( NNP Day ) ) ) ) )

Cotton Inc. the fiber company that represents cotton growers will begin a new ad campaign developed by Ogilvy & Mather Thanksgiving Day


( S ( NP-SBJ ( NP ( NNP J. ) ( NNP Nicholas ) ( NNP Hahn ) ) ( NP ( NP ( NNP Cotton ) ( NNP Inc. ) ( POS 's ) ) ( NX ( NX ( NN president ) ) ( CC and ) ( NX ( JJ chief ) ( NN executive ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT an ) ( JJ outspoken ) ( NN critic ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP WPP ) ( NNP Group ) ( POS 's ) ) ( NN acquisition ) ) ( PP ( IN of ) ( NP ( NNP Ogilvy ) ( NNP Group ) ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ) ) ) )

J. Nicholas Hahn Cotton Inc. 's president and chief executive was an outspoken critic of WPP Group 's acquisition of Ogilvy Group earlier this year


( S ( S ( PP-TMP ( IN During ) ( NP ( DT the ) ( NN takeover ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Hahn ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD would ) ( VP ( VB put ) ( NP ( PRP$ his ) ( NN account ) ) ( PP-PUT ( RP up ) ( PP ( IN for ) ( NP ( NN review ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( NP ( NNP WPP ) ( POS 's ) ) ( NN bid ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ successful ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD did ) ( RB n't ) ) ) )

During the takeover Mr. Hahn said he would put his account up for review if WPP 's bid were successful but he did n't


( S ( NP-SBJ ( NP ( NNP Cotton ) ( NNP Inc. ) ( POS 's ) ) ( JJ new ) ( ADJP ( QP ( CD 9 ) ( CD million ) ) ) ( NN campaign ) ) ( VP ( VBZ calls ) ( S ( NP-SBJ ( NN cotton ) ) ( NP-PRD-TTL ( NP ( DT the ) ( NN Fabric ) ) ( PP ( IN of ) ( NP ( PRP$ Our ) ( NNS Lives ) ) ) ) ) ) )

Cotton Inc. 's new 9 million campaign calls cotton the Fabric of Our Lives


( S ( NP-SBJ ( DT The ) ( NN campaign ) ) ( VP ( VP ( VBZ replaces ) ( NP ( PRP$ its ) ( S-TTL ( VP ( VB Take ) ( NP ( NN Comfort ) ) ( PP-LOC-CLR ( IN in ) ( NP ( NN Cotton ) ) ) ) ) ( NNS ads ) ) ) ( CC and ) ( VP ( VBZ marks ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ national ) ( JJ cooperative ) ( NN advertising ) ( NNS efforts ) ) ) ) ) ) )

The campaign replaces its Take Comfort in Cotton ads and marks the end of its national cooperative advertising efforts


( S ( S ( PP-TMP ( IN For ) ( NP ( NNS years ) ) ) ( NP-SBJ-246 ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS ads ) ) ( VP ( VBD were ) ( VP ( VBN tied ) ( PRT ( RP in ) ) ( PP-CLR ( IN with ) ( NP ( NP ( NNS pitches ) ) ( PP ( IN for ) ( NP ( NP ( NNP Cannon ) ( NNS sheets ) ) ( CC or ) ( NP ( NNP Martex ) ( NNS towels ) ) ( PRN ( PP ( IN for ) ( NP ( NN example ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( DT an ) ( NN announcer ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS ads ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB tell ) ( NP ( NNS customers ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( VP ( TO to ) ( VP ( VB find ) ( NP ( DT the ) ( JJ true ) ( NN performance ) ( NN label ) ) ) ) ) ) ) ) ) )

For years the company 's ads were tied in with pitches for Cannon sheets or Martex towels for example and an announcer at the end of the ads would tell customers where to find the true performance label


( S ( PP ( IN With ) ( NP ( DT the ) ( JJ new ) ( NN TV ) ( NNS spots ) ) ) ( NP-SBJ ( NNP Ogilvy ) ( CC & ) ( NNP Mather ) ) ( VP ( VBZ has ) ( VP ( VBN opted ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( NN family ) ( NN style ) ) ( PP ( IN with ) ( NP ( NP ( NNS lots ) ) ( PP ( IN of ) ( NP ( NN laughter ) ( NNS hugs ) ( CC and ) ( NNS tears ) ) ) ) ) ) ) ) ) )

With the new TV spots Ogilvy & Mather has opted for a family style with lots of laughter hugs and tears


( SINV ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( VP ( VBG making ) ( NP ( NP ( DT a ) ( ADJP ( RB fairly ) ( JJ obvious ) ) ( NN plea ) ) ( PP ( IN for ) ( NP ( DT some ) ( JJ emotional ) ( NN reaction ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Tom ) ( NNP Rost ) ) ( NP ( NP ( JJ creative ) ( NN director ) ) ( PP-LOC ( IN at ) ( NP ( NNP Ogilvy ) ( CC & ) ( NNP Mather ) ) ) ) ) )

We 're making a fairly obvious plea for some emotional reaction says Tom Rost creative director at Ogilvy & Mather


( S ( NP-SBJ-1 ( NNP Cotton ) ( NNP Inc. ) ) ( VP ( MD will ) ( VP ( VB spend ) ( NP ( QP ( RB nearly ) ( CD 2 ) ( CD million ) ) ) ( PP-CLR ( IN on ) ( NP ( NN broadcasting ) ) ) ( PP-TMP ( IN on ) ( NP ( NP ( NNP Thanksgiving ) ( NNP Day ) ) ( ADVP ( RB alone ) ) ) ) ( S-ADV ( VP ( VBG advertising ) ( PP-LOC ( IN on ) ( NP ( NP ( JJ such ) ( NNS programs ) ) ( PP ( IN as ) ( NP ( NP ( JJ Good ) ( NN Morning ) ( NNP America ) ) ( NP ( NP ( NNP Macy ) ( POS 's ) ) ( NNP Thanksgiving ) ( NNP Day ) ( NNP Parade ) ) ( CC and ) ( NP ( DT the ) ( NNP NFL ) ( NN holiday ) ( NN game ) ) ) ) ) ) ) ) ) ) )

Cotton Inc. will spend nearly 2 million on broadcasting on Thanksgiving Day alone advertising on such programs as Good Morning America Macy 's Thanksgiving Day Parade and the NFL holiday game


( S-HLN ( NP-SBJ ( NNP Frank ) ( NNP Mingo ) ) ( VP ( VBZ Dies ) ( PP ( IN at ) ( NP ( CD 49 ) ) ) ) )

Frank Mingo Dies at 49


( S ( NP-SBJ ( NP ( NNP Frank ) ( NNP L. ) ( NNP Mingo ) ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS pioneers ) ) ( PP ( IN of ) ( NP ( NP ( NN advertising ) ) ( VP ( VBN targeted ) ( PP-CLR ( IN at ) ( NP ( JJ black ) ( NNS audiences ) ) ) ) ) ) ) ) ) ) ( VP ( VBD died ) ( PP ( IN at ) ( NP ( NP ( DT the ) ( NN age ) ) ( PP ( IN of ) ( NP ( CD 49 ) ) ) ) ) ( PP-TMP ( IN after ) ( NP ( DT a ) ( NN stroke ) ) ) ) )

Frank L. Mingo one of the pioneers of advertising targeted at black audiences died at the age of 49 after a stroke


( S ( NP-SBJ ( NNP Mr. ) ( NNP Mingo ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( JJ chief ) ( NN executive ) ( NN officer ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Mingo ) ( NNP Group ) ) ( SBAR ( SBAR ( WHNP-297 ( WDT which ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD founded ) ( PP-TMP ( IN in ) ( NP ( CD 1977 ) ) ) ) ) ) ( CC and ) ( SBAR ( WHNP-296 ( WDT which ) ) ( S ( VP ( VBD created ) ( NP ( NP ( NNS ads ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ black ) ( NN market ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Mingo was chief executive officer of the Mingo Group which he founded in 1977 and which created ads for the black market


( S ( NP-SBJ ( NNS Clients ) ) ( VP ( VBP include ) ( NP ( NP ( NNP Miller ) ( NNP Brewing ) ( NNP Co. ) ) ( CC and ) ( NP ( NNP General ) ( NNPS Motors ) ) ) ) )

Clients include Miller Brewing Co. and General Motors


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Mingo ) ) ( VP ( VP ( VBD was ) ( VP ( VBN hospitalized ) ( NP-TMP ( NNP Sept. ) ( CD 23 ) ) ) ) ( CC and ) ( VP ( VBD died ) ( NP-TMP ( NNP Monday ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( NNP Samuel ) ( NNP J. ) ( NNP Chisholm ) ) ( NP ( NP ( DT the ) ( NN agency ) ( POS 's ) ) ( NX ( NX ( NN president ) ) ( CC and ) ( NX ( NN chief ) ( VBG operating ) ( NN officer ) ) ) ) ) ) ) ) )

Mr. Mingo was hospitalized Sept. 23 and died Monday according to Samuel J. Chisholm the agency 's president and chief operating officer


Ad Notes


EARNINGS


( S ( NP-SBJ ( NP ( NNP Omnicom ) ( NNP Group ) ( NNP Inc. ) ) ( NP-LOC ( NNP New ) ( NNP York ) ) ) ( VP ( VBD reported ) ( SBAR ( S ( NP-SBJ ( JJ third-quarter ) ( JJ net ) ( NN income ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 54 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 5.6 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 22 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 3.6 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 15 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RB earlier ) ) ) ) ) ) ) )

Omnicom Group Inc. New York reported third-quarter net income rose 54 % to 5.6 million or 22 cents a share from 3.6 million or 15 cents a share a year earlier


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD increased ) ( NP-EXT ( CD 20 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 246.6 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 204.8 ) ( CD million ) ) ) ) ) )

Revenue increased 20 % to 246.6 million from 204.8 million


( S ( NP-SBJ ( NNP International ) ( NNP Lease ) ( NNP Finance ) ( NNP Corp. ) ) ( VP ( VBD announced ) ( NP ( NP ( DT a ) ( NN leasing ) ( NN contract ) ) ( PP ( IN with ) ( NP ( NN charter ) ( NN carrier ) ( JJ American ) ( NNP Trans ) ( NNP Air ) ( NNP Inc. ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN transaction ) ) ( VP ( VBG involving ) ( NP ( CD six ) ( NNP Boeing ) ( NNP Co. ) ( NNS 757-200s ) ) ) ) ) ) ) )

International Lease Finance Corp. announced a leasing contract with charter carrier American Trans Air Inc. in a transaction involving six Boeing Co. 757-200s


( S ( NP-SBJ ( NP ( DT The ) ( NN value ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS jets ) ) ( PP ( VBG including ) ( NP ( NNS spares ) ) ) ) ) ) ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( NP ( NN excess ) ) ( PP ( IN of ) ( NP ( QP ( CD 250 ) ( CD million ) ) ) ) ) ) ) )

The value of the jets including spares is in excess of 250 million


( S ( NP-SBJ ( NP ( CD Two ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS 757-200s ) ) ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( JJ new ) ( NNS aircraft ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN delivered ) ( PP-DIR ( TO to ) ( NP ( NP ( NNP American ) ( NNP Trans ) ( NNP Air ) ) ( NP ( NP ( DT the ) ( JJ main ) ( NN subsidiary ) ) ( PP ( IN of ) ( NP ( NNP Amtran ) ( NNP Inc. ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( NNP December ) ( CD 1991 ) ) ( CC and ) ( NP ( NNP January ) ( CD 1992 ) ) ) ) ) ) ) ) ) ) ) )

Two of the 757-200s are new aircraft to be delivered to American Trans Air the main subsidiary of Amtran Inc. in December 1991 and January 1992


( S ( NP-SBJ-79 ( NP ( CD Four ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS planes ) ) ) ) ( VP ( VBD were ) ( VP ( VBN purchased ) ( PP ( IN by ) ( NP-LGS ( NNP International ) ( NNP Lease ) ) ) ( PP-CLR ( IN from ) ( NP ( NNP Singapore ) ( NNPS Airlines ) ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( ADJP ( RB previously ) ( JJ announced ) ) ( NN transaction ) ) ) ) ) )

Four of the planes were purchased by International Lease from Singapore Airlines in a previously announced transaction


( S ( S ( NP-SBJ-3 ( NP ( NN Delivery ) ) ( PP ( IN of ) ( NP-2 ( DT the ) ( JJ first ) ( NN aircraft ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN set ) ( PP-CLR-1 ( IN for ) ( NP ( JJ early ) ( NNP November ) ) ) ) ) ) ( S ( NP=2 ( DT a ) ( NN second ) ) ( PP-CLR=1 ( IN for ) ( NP ( NNP December ) ) ) ) ( CC and ) ( S ( NP=2 ( CD two ) ) ( PP-CLR=1 ( IN for ) ( NP ( NNP April ) ( CD 1990 ) ) ) ) )

Delivery of the first aircraft is set for early November a second for December and two for April 1990


( S ( S-TPC-1 ( S ( NP-SBJ ( NNP Northwest ) ( NNPS Airlines ) ) ( VP ( VBD settled ) ( NP ( NP ( DT the ) ( VBG remaining ) ( NNS lawsuits ) ) ( VP ( VBN filed ) ( PP-CLR ( IN on ) ( NP ( NP ( NN behalf ) ) ( PP ( IN of ) ( NP ( NP ( CD 156 ) ( NNS people ) ) ( VP ( VBN killed ) ( PP-TMP ( IN in ) ( NP ( DT a ) ( CD 1987 ) ( NN crash ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-188 ( NP ( NNS claims ) ) ( PP ( IN against ) ( NP ( NP ( DT the ) ( NN jetliner ) ( POS 's ) ) ( NN maker ) ) ) ) ( VP ( VBP are ) ( VP ( VBG being ) ( VP ( VBN pursued ) ) ) ) ) ) ( NP-SBJ ( DT a ) ( JJ federal ) ( NN judge ) ) ( VP ( VBD said ) ) )

Northwest Airlines settled the remaining lawsuits filed on behalf of 156 people killed in a 1987 crash but claims against the jetliner 's maker are being pursued a federal judge said


( S ( NP-SBJ ( NP ( NP ( NNP Northwest ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP NWA ) ( NNP Inc. ) ) ) ) ) ( CC and ) ( NP ( NP ( NNP McDonnell ) ( NNP Douglas ) ( NNP Corp. ) ) ( SBAR ( WHNP-220 ( WDT which ) ) ( S ( VP ( VBD made ) ( NP ( DT the ) ( NN MD-80 ) ( NN aircraft ) ) ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBP are ) ( VP ( VBG pursuing ) ( NP ( NP ( NNS counterclaims ) ) ( PP ( IN against ) ( NP ( DT each ) ( JJ other ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN crash ) ) ( PP-LOC ( IN near ) ( NP ( NNP Detroit ) ( NNP Metropolitan ) ( NNP Airport ) ) ) ) ) ) ) ) )

Northwest a unit of NWA Inc. and McDonnell Douglas Corp. which made the MD-80 aircraft also are pursuing counterclaims against each other in the crash near Detroit Metropolitan Airport


( S ( NP-SBJ-1 ( NP ( NNS Terms ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS settlements ) ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( VBG remaining ) ( CD 145 ) ( NNS lawsuits ) ) ( PP ( IN against ) ( NP ( NNP Northwest ) ) ) ) ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN disclosed ) ) ) )

Terms of the settlements for the remaining 145 lawsuits against Northwest were n't disclosed


( S ( NP-SBJ-189 ( NP ( DT A ) ( NN total ) ) ( PP ( IN of ) ( NP ( CD 157 ) ( NNS lawsuits ) ) ) ) ( VP ( VBD were ) ( VP ( VBN filed ) ( PP ( IN on ) ( NP ( NP ( NN behalf ) ) ( PP ( IN of ) ( NP ( NN crash ) ( NNS victims ) ) ) ) ) ) ) )

A total of 157 lawsuits were filed on behalf of crash victims


( S ( NP-SBJ ( NNP U.S. ) ( NNP District ) ( NNP Judge ) ( NNP Julian ) ( NN A. ) ( NNP Cook ) ( NNP Jr. ) ) ( VP ( VBD announced ) ( NP ( DT the ) ( NNS settlements ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ-1 ( DT the ) ( NN jury ) ( NN trial ) ) ( VP ( VBD was ) ( S ( VP ( TO to ) ( VP ( VB begin ) ) ) ) ) ) ) ( NP-TMP ( NN yesterday ) ) ) )

U.S. District Judge Julian A. Cook Jr. announced the settlements as the jury trial was to begin yesterday


( S ( NP-SBJ ( PRP He ) ) ( VP ( VB reset ) ( NP ( JJ opening ) ( NNS arguments ) ) ( PP-TMP-CLR ( IN for ) ( NP ( NN today ) ) ) ) )

He reset opening arguments for today


( S ( NP-SBJ ( DT The ) ( NN jury ) ) ( VP ( MD will ) ( VP ( VB resolve ) ( NP ( NP ( NP ( DT the ) ( NNS claims ) ) ( PP ( IN against ) ( NP ( NNP McDonnell ) ( NNP Douglas ) ) ) ) ( NP ( NP ( NNP Northwest ) ( POS 's ) ) ( NN claim ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT a ) ( NN defect ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN aircraft ) ) ) ) ( VP ( VBD caused ) ( NP ( DT the ) ( NN crash ) ) ) ) ) ) ( CC and ) ( NP ( NP ( NNP McDonnell ) ( NNP Douglas ) ( POS ' ) ) ( NN claim ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( NN plane ) ) ( VP ( VBD was ) ( VP ( ADVP-MNR ( RB improperly ) ) ( VBN flown ) ) ) ) ) ) ) ) ) )

The jury will resolve the claims against McDonnell Douglas Northwest 's claim that a defect in the aircraft caused the crash and McDonnell Douglas ' claim that the plane was improperly flown


( S ( NP-SBJ ( DT The ) ( NNP National ) ( NNP Transportation ) ( NNP Safety ) ( NNP Board ) ) ( VP ( VBD ruled ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNS pilots ) ) ( VP ( VP ( VBD failed ) ( S ( VP ( TO to ) ( VP ( VB set ) ( NP ( NP ( DT the ) ( NN plane ) ( POS 's ) ) ( NN wing ) ( NNS flaps ) ( CC and ) ( NNS slats ) ) ( ADVP-MNR ( RB properly ) ) ( PP ( IN for ) ( NP ( NN takeoff ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD failed ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( JJ mandatory ) ( JJ preflight ) ( NNS checks ) ) ( SBAR ( WHNP-221 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN detected ) ( NP ( DT the ) ( NN error ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The National Transportation Safety Board ruled that pilots failed to set the plane 's wing flaps and slats properly for takeoff and failed to make mandatory preflight checks that would have detected the error


( S ( ADVP ( RB Also ) ) ( S-TPC-2 ( NP-SBJ-1 ( DT a ) ( NN cockpit ) ( VBG warning ) ( NN system ) ) ( VP ( VBD failed ) ( S ( VP ( TO to ) ( VP ( VB alert ) ( NP ( DT the ) ( NNS pilots ) ) ( SBAR ( S ( NP-SBJ-3 ( DT the ) ( NNS flaps ) ( CC and ) ( NNS slats ) ) ( VP ( VBD were ) ( RB not ) ( VP ( VBN set ) ( PP ( IN for ) ( NP ( NN takeoff ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP NTSB ) ) ( VP ( VBD said ) ) )

Also a cockpit warning system failed to alert the pilots the flaps and slats were not set for takeoff the NTSB said


( S ( NP-SBJ ( NP ( DT The ) ( JJ only ) ( NN passenger ) ) ( SBAR ( WHNP-222 ( WP who ) ) ( S ( VP ( VBD survived ) ( NP ( DT the ) ( NN crash ) ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( NNP Cecelia ) ( NNP Cichan ) ) ( RRC ( ADVP-TMP ( RB then ) ) ( NP ( CD 4 ) ) ) ( PP ( IN of ) ( NP ( NP ( NNP Tempe ) ) ( NP ( NNP Ariz. ) ) ) ) ( SBAR ( WHNP-223 ( WP$ whose ) ( NNS parents ) ( CC and ) ( NN brother ) ) ( S ( VP ( VBD died ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN crash ) ) ) ) ) ) ) ) )

The only passenger who survived the crash was Cecelia Cichan then 4 of Tempe Ariz. whose parents and brother died in the crash


( S ( NP-SBJ ( PRP She ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ lives ) ( PP ( IN with ) ( NP ( NNS relatives ) ) ) ( PP-LOC-CLR ( IN in ) ( NP ( NNP Alabama ) ) ) ) )

She now lives with relatives in Alabama


( S ( NP-SBJ ( NP ( NNPS People ) ( POS 's ) ) ( NNPS Savings ) ( NNP Financial ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB buy ) ( ADVP-CLR ( RB back ) ) ( NP ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 10 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( QP ( CD 2.4 ) ( CD million ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-37 ( DT the ) ( NN stock ) ) ( VP ( VBZ is ) ( VP ( VBN undervalued ) ) ) ) ) ) ) ) ) ) )

People 's Savings Financial Corp. said it will buy back as much as 10 % of its 2.4 million shares outstanding because the stock is undervalued


( S ( NP-SBJ ( DT The ) ( VBG holding ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( ADVP-MNR ( RB unfairly ) ) ( VBN associated ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ other ) ( NNS banks ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP England ) ) ) ( SBAR ( WHNP-62 ( WDT that ) ) ( S ( VP ( VBP have ) ( VP ( VBN had ) ( NP ( JJ major ) ( NN loan ) ( NNS losses ) ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS quarters ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The holding company said it has been unfairly associated with other banks in New England that have had major loan losses in recent quarters


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( NP ( NNPS People ) ( POS 's ) ) ( NNPS Savings ) ( NNP Bank ) ( NN unit ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( JJ large ) ( NN exposure ) ) ( PP ( TO to ) ( NP ( NP ( UCP ( NN construction ) ( CC and ) ( JJ commercial ) ) ( NNS loans ) ) ( SBAR ( WHNP-63 ( WDT that ) ) ( S ( VP ( VBP have ) ( VP ( VBN caused ) ( NP ( NP ( DT the ) ( JJ loan-loss ) ( NNS problems ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ many ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS banks ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The company said its People 's Savings Bank unit does n't have a large exposure to construction and commercial loans that have caused the loan-loss problems in many of the banks


( S ( NP-SBJ ( DT The ) ( JJ following ) ) ( VP ( VBD were ) ( PP-LOC-PRD ( IN among ) ( NP ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NNS offerings ) ( CC and ) ( NNS pricings ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( UCP ( NNP U.S. ) ( CC and ) ( JJ non-U.S. ) ) ( NN capital ) ( NNS markets ) ) ) ) ) ( PP ( IN with ) ( NP ( NP ( NNS terms ) ) ( CC and ) ( NP ( NN syndicate ) ( NN manager ) ) ) ) ( SBAR-ADV ( IN as ) ( S ( VP ( VBN compiled ) ( PP ( IN by ) ( NP-LGS ( NNP Dow ) ( NNP Jones ) ( NNP Capital ) ( NNPS Markets ) ( NNP Report ) ) ) ) ) ) ) )

The following were among yesterday 's offerings and pricings in the U.S. and non-U.S. capital markets with terms and syndicate manager as compiled by Dow Jones Capital Markets Report


( NP-HLN ( NNP Continental ) ( NNP Cablevision ) ( NNP Inc. ) )

Continental Cablevision Inc.


( S ( NP-SBJ-144 ( NP ( QP ( CD 350 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( JJ senior ) ( JJ subordinated ) ( NNS debentures ) ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Nov. ) ( CD 1 ) ( CD 2004 ) ) ) ) ( VP ( VBD was ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( JJ par ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( QP ( CD 12 ) ( CD 7\/8 ) ) ( NN % ) ) ) ) ) ) ) )

350 million of senior subordinated debentures due Nov. 1 2004 was priced at par to yield 12 7\/8 %


( S ( S-ADV ( VP ( VP ( VBN Rated ) ( S ( ADJP-PRD-1 ( JJ single-B-1 ) ) ) ( PP-2 ( IN by ) ( NP-LGS ( NP ( NNP Moody ) ( POS 's ) ) ( NNPS Investors ) ( NNP Service ) ( NNP Inc. ) ) ) ) ( CC and ) ( VP ( ADJP-PRD=1 ( JJ single-B ) ) ( PP=2 ( IN by ) ( NP-LGS ( NP ( NNP Standard ) ( CC & ) ( NNP Poor ) ( POS 's ) ) ( NN Corp. ) ) ) ) ) ) ( NP-SBJ-145 ( NP ( DT the ) ( NN issue ) ) ( SBAR ( WHNP-173 ( WDT which ) ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( JJ non-callable ) ) ( PP-TMP ( IN for ) ( NP ( CD five ) ( NNS years ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN sold ) ( PP-MNR ( IN through ) ( NP ( NP ( NNS underwriters ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NNP Morgan ) ( NNP Stanley ) ( CC & ) ( NNP Co ) ) ) ) ) ) ) ) ) )

Rated single-B-1 by Moody 's Investors Service Inc. and single-B by Standard & Poor 's Corp. the issue which is non-callable for five years will be sold through underwriters led by Morgan Stanley & Co


Beatrice Co.


( S ( NP-SBJ-146 ( NP ( QP ( CD 251 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NNS notes ) ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Nov. ) ( CD 1 ) ( CD 1997 ) ) ) ) ( VP ( VBD was ) ( VP ( VBN priced ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ two-part ) ( NN offering ) ) ) ( PP-MNR ( IN through ) ( NP ( NP ( NNS underwriters ) ) ( PP-LOC ( IN at ) ( NP ( NNP Salomon ) ( NNPS Brothers ) ( NNP Inc ) ) ) ) ) ) ) )

251 million of notes due Nov. 1 1997 was priced in a two-part offering through underwriters at Salomon Brothers Inc


( S ( NP-SBJ-147 ( NP ( DT The ) ( NN size ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN issue ) ) ) ) ( VP ( VBD was ) ( VP ( VBN scaled ) ( PRT ( RP back ) ) ( PP-DIR ( IN from ) ( NP ( DT an ) ( ADJP ( RB originally ) ( VBN planned ) ) ( QP ( CD 350 ) ( CD million ) ) ) ) ) ) )

The size of the issue was scaled back from an originally planned 350 million


( S ( NP-SBJ-148 ( NP ( DT The ) ( JJ first ) ( NN part ) ) ( VP ( VBG consisting ) ( PP-CLR ( IN of ) ( NP ( NP ( QP ( CD 151 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( ADJP ( QP ( CD 13 ) ( CD 3\/4 ) ) ( NN % ) ) ( JJ senior ) ( JJ subordinated ) ( JJ reset ) ( NNS notes ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( CD 99.75 ) ) ) ) ) )

The first part consisting of 151 million of 13 3\/4 % senior subordinated reset notes was priced at 99.75


( S ( NP-SBJ ( NP ( DT The ) ( NN rate ) ) ( PP ( IN on ) ( NP ( DT the ) ( NNS notes ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VB reset ) ( ADVP-TMP ( RB annually ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB give ) ( NP ( DT the ) ( NN issue ) ) ( NP ( NP ( DT a ) ( NN market ) ( NN value ) ) ( PP ( IN of ) ( NP ( CD 101 ) ) ) ) ) ) ) ) ) ) )

The rate on the notes will be reset annually to give the issue a market value of 101


( S ( ADVP ( RB However ) ) ( NP-SBJ ( NP ( DT the ) ( NN maximum ) ( NN coupon ) ) ( SBAR ( WHPP-1 ( IN at ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( DT the ) ( NNS notes ) ) ( VP ( MD can ) ( VP ( VB be ) ( VP ( VB reset ) ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( QP ( CD 16 ) ( CD 1\/4 ) ) ( NN % ) ) ) )

However the maximum coupon at which the notes can be reset is 16 1\/4 %


( S ( NP-SBJ ( DT The ) ( JJ minimum ) ( NN coupon ) ) ( VP ( VBZ is ) ( NP-PRD ( QP ( CD 13 ) ( CD 3\/4 ) ) ( NN % ) ) ) )

The minimum coupon is 13 3\/4 %


( S ( NP-SBJ-149 ( NP ( DT The ) ( JJ second ) ( NN part ) ) ( VP ( VBG consisting ) ( PP-CLR ( IN of ) ( NP ( NP ( QP ( CD 100 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( JJ senior ) ( JJ subordinated ) ( JJ floating-rate ) ( NNS notes ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( CD 99 ) ( CD 3\/4 ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB float ) ( PP-CLR ( NP-ADV ( CD 4.25 ) ( NN % ) ) ( IN above ) ( NP ( DT the ) ( JJ three-month ) ( NNP London ) ( NN interbank ) ( JJ offered ) ( NN rate ) ) ) ) ) ) ) ) )

The second part consisting of 100 million of senior subordinated floating-rate notes was priced at 99 3\/4 to float 4.25 % above the three-month London interbank offered rate


( S ( NP-SBJ ( NP ( DT The ) ( JJ initial ) ( NN coupon ) ) ( PP ( IN on ) ( NP ( DT the ) ( JJ floating-rate ) ( NNS notes ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( CD 12.9375 ) ( NN % ) ) ) ) )

The initial coupon on the floating-rate notes will be 12.9375 %


( S ( NP-SBJ-3 ( DT The ) ( NN issue ) ) ( VP ( VBZ is ) ( VP ( VP ( VBN rated ) ( S ( ADJP-PRD-1 ( JJ single-B-3 ) ) ) ( PP-2 ( IN by ) ( NP-LGS ( NNP Moody ) ( POS 's ) ) ) ) ( CC and ) ( VP ( ADJP-PRD=1 ( JJ single-B-plus ) ) ( PP=2 ( IN by ) ( NP-LGS ( NNP S&P ) ) ) ) ) ) )

The issue is rated single-B-3 by Moody 's and single-B-plus by S&P


( NP-HLN ( NNP New ) ( NNP Jersey ) ( NNP Wastewater ) ( NNP Treatment ) ( NNP Trust ) )

New Jersey Wastewater Treatment Trust


( S ( NP-SBJ-150 ( NP ( ADJP ( QP ( CD 75.1 ) ( CD million ) ) ) ( JJ two-part ) ( NN offering ) ) ( PP ( IN of ) ( NP ( NNS bonds ) ) ) ) ( ADVP ( RB apparently ) ) ( VP ( VBD was ) ( VP ( VBN won ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( NNP Merrill ) ( NNP Lynch ) ( NNP Capital ) ( NNPS Markets ) ( NN group ) ) ) ) ) )

75.1 million two-part offering of bonds apparently was won by a Merrill Lynch Capital Markets group


( S ( NP-SBJ ( NP ( NP ( DT The ) ( NN group ) ( POS 's ) ) ( NN bid ) ) ( PP ( IN for ) ( NP ( NP ( QP ( CD 40.9 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( NN wastewater ) ( NN treatment ) ( JJ insured ) ( NNS bonds ) ) ( NP ( NN Series ) ( CD 1989 ) ( NNP A ) ) ) ) ) ) ) ( VP ( VBD produced ) ( NP ( DT a ) ( ADJP ( CD 7.0826 ) ( NN % ) ) ( JJ true ) ( NN interest ) ( NN cost ) ) ) )

The group 's bid for 40.9 million of wastewater treatment insured bonds Series 1989 A produced a 7.0826 % true interest cost


( S ( NP-SBJ-1 ( DT The ) ( NN Series ) ( CD 1989 ) ( NNP A ) ( NNS bonds ) ) ( VP ( VBP are ) ( VP ( VP ( JJ insured ) ) ( CC and ) ( VP ( VBN rated ) ( S ( ADJP-PRD ( JJ triple-A ) ) ) ( PP ( IN by ) ( NP-LGS ( NNP Moody ) ( POS 's ) ( CC and ) ( NNP S&P ) ) ) ) ) ) )

The Series 1989 A bonds are insured and rated triple-A by Moody 's and S&P


( S ( NP-SBJ ( NP ( NP ( DT The ) ( NN group ) ( POS 's ) ) ( NN bid ) ) ( PP ( IN for ) ( NP ( NP ( QP ( CD 34.2 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( NN wastewater ) ( NN treatment ) ( NNS bonds ) ) ( NP ( NN Series ) ( CD 1989 ) ( NNP B ) ) ) ) ) ) ) ( VP ( VBD produced ) ( NP ( DT a ) ( ADJP ( CD 7.0808 ) ( NN % ) ) ( JJ true ) ( NN interest ) ( NN cost ) ) ) )

The group 's bid for 34.2 million of wastewater treatment bonds Series 1989 B produced a 7.0808 % true interest cost


( S ( NP-SBJ-1 ( DT The ) ( NN Series ) ( CD 1989 ) ( NNP B ) ( NNS bonds ) ) ( VP ( VBP are ) ( UCP-PRD ( ADJP-PRD ( JJ uninsured ) ) ( CC and ) ( VP ( VBN rated ) ( S ( ADJP-PRD ( JJ double-A ) ) ) ( PP ( IN by ) ( NP-LGS ( NNP Moody ) ( POS 's ) ( CC and ) ( NNP S&P ) ) ) ) ) ) )

The Series 1989 B bonds are uninsured and rated double-A by Moody 's and S&P


( S ( NP-SBJ-1 ( DT Both ) ( DT the ) ( NN Series ) ( CD 1989 ) ( NNP A ) ( CC and ) ( NNP Series ) ( CD 1989 ) ( NNP B ) ( NNS bonds ) ) ( VP ( VBD were ) ( VP ( VBN priced ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( PP-CLR ( PP ( IN from ) ( NP ( NP ( CD 6 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( CD 1991 ) ) ) ) ) ( PP ( TO to ) ( NP ( NP ( CD 7.15 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( CD 2008-2009 ) ) ) ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( DT a ) ( NNP Merrill ) ( NNP Lynch ) ( NN official ) ) ) ) ) ) )

Both the Series 1989 A and Series 1989 B bonds were priced to yield from 6 % in 1991 to 7.15 % in 2008-2009 according to a Merrill Lynch official


( NP-HLN ( NP ( NNP Matagorda ) ( NNP County ) ( NNP Navigation ) ( NNP District ) ( NNP No. ) ( CD 1 ) ) ( NP-LOC ( NNP Texas ) ) )

Matagorda County Navigation District No. 1 Texas


( S ( NP-SBJ-1 ( NP ( QP ( CD 70.3 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NN pollution ) ( NN control ) ( NN revenue ) ( NNS bonds ) ) ) ( PRN ( NP ( NNP Houston ) ( NNP Lighting ) ( CC & ) ( NNP Power ) ( NNP Co ) ( NN Project ) ) ) ( ADJP ( JJ due ) ( NP ( NNP Oct. ) ( CD 1 ) ( CD 2019 ) ) ) ) ( VP ( VBD were ) ( VP ( ADVP-MNR ( RB tentatively ) ) ( VBN priced ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( NNP Goldman ) ( NNP Sachs ) ( CC & ) ( NNP Co. ) ( NN group ) ) ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 98 ) ( CD 1\/4 ) ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 7.649 ) ( NN % ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( NN coupon ) ) ( PP ( IN of ) ( NP ( QP ( CD 7 ) ( CD 1\/2 ) ) ( NN % ) ) ) ) ) ) ) ) ) ) )

70.3 million of pollution control revenue bonds Houston Lighting & Power Co Project due Oct. 1 2019 were tentatively priced by a Goldman Sachs & Co. group at 98 1\/4 to yield 7.649 % with a coupon of 7 1\/2 %


( S ( NP-SBJ-151 ( NP ( NN Interest ) ) ( PP ( IN on ) ( NP ( DT the ) ( NNS bonds ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN treated ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN preference ) ( NN item ) ) ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VBG calculating ) ( NP ( NP ( DT the ) ( JJ federal ) ( NN alternative ) ( JJ minimum ) ( NN tax ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD may ) ( VP ( VB be ) ( VP ( VBN imposed ) ( PP-CLR ( IN on ) ( NP ( JJ certain ) ( NNS investors ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Interest on the bonds will be treated as a preference item in calculating the federal alternative minimum tax that may be imposed on certain investors


( S ( NP-SBJ-1 ( DT The ) ( NNS bonds ) ) ( VP ( VBP are ) ( VP ( VP ( JJ insured ) ) ( CC and ) ( VP ( VBN rated ) ( S ( ADJP-PRD ( JJ triple-A ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Moody ) ( POS 's ) ) ( CC and ) ( NP ( NNP S&P ) ) ) ) ) ) ) )

The bonds are insured and rated triple-A by Moody 's and S&P


( NP-HLN ( NNP Federal ) ( NNP Home ) ( NNP Loan ) ( NNP Mortgage ) ( NNP Corp. ) )

Federal Home Loan Mortgage Corp.


( S ( NP-SBJ-153 ( NP ( QP ( CD 500 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NNP Remic ) ( NN mortgage ) ( NNS securities ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN offered ) ( PP ( IN in ) ( NP ( CD 11 ) ( NNS classes ) ) ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( NNP Morgan ) ( NNP Stanley ) ( NN group ) ) ) ) ) ) )

500 million of Remic mortgage securities is being offered in 11 classes by a Morgan Stanley group


( S ( NP-SBJ-154 ( NP ( DT The ) ( NN offering ) ) ( NP ( NNP Series ) ( CD 109 ) ) ) ( VP ( VBZ is ) ( VP ( VBN backed ) ( PP ( IN by ) ( NP-LGS ( NNP Freddie ) ( NNP Mac ) ( ADJP ( CD 10 ) ( NN % ) ) ( NNS securities ) ) ) ) ) )

The offering Series 109 is backed by Freddie Mac 10 % securities


( S ( NP-SBJ ( JJ Complete ) ( NNS details ) ) ( VP ( VBD were ) ( RB n't ) ( ADJP-PRD ( RB immediately ) ( JJ available ) ) ) )

Complete details were n't immediately available


( NP-HLN ( NNP Lomas ) ( NNP Mortgage ) ( NNP Funding ) ( NNP Corp. ) ( NNP II ) )

Lomas Mortgage Funding Corp. II


( S ( NP-SBJ-155 ( NP ( ADJP ( QP ( CD 100 ) ( CD million ) ) ) ( NN issue ) ) ( PP ( IN of ) ( NP ( JJ collateralized ) ( NN mortgage ) ( NNS obligations ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN offered ) ( PP ( IN in ) ( NP ( CD four ) ( NNS classes ) ) ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( NNP Morgan ) ( NNP Stanley ) ( NN group ) ) ) ) ) ) )

100 million issue of collateralized mortgage obligations is being offered in four classes by a Morgan Stanley group


( S ( NP-SBJ ( DT The ) ( NNS securities ) ) ( VP ( VBP yield ) ( PP-CLR ( PP ( IN from ) ( NP ( CD 9.35 ) ( NN % ) ) ) ( PP ( TO to ) ( NP ( CD 10.48 ) ( NN % ) ) ) ) ( PP ( IN for ) ( NP ( DT a ) ( JJ 30-year ) ( NN issue ) ) ) ( PP ( IN with ) ( NP ( NP ( DT an ) ( JJ average ) ( NN life ) ) ( PP ( IN of ) ( NP ( CD 21.18 ) ( NNS years ) ) ) ) ) ) )

The securities yield from 9.35 % to 10.48 % for a 30-year issue with an average life of 21.18 years


( S ( NP-SBJ ( DT The ) ( ADJP ( CD 10.48 ) ( NN % ) ) ( NN yield ) ) ( VP ( VBZ represents ) ( NP ( NP ( DT a ) ( NN spread ) ) ( PP ( TO to ) ( NP ( DT the ) ( JJ 20-year ) ( NNP Treasury ) ) ) ( PP ( IN of ) ( NP ( CD 2.45 ) ( NN percentage ) ( NNS points ) ) ) ) ) )

The 10.48 % yield represents a spread to the 20-year Treasury of 2.45 percentage points


( S ( NP-SBJ ( DT The ) ( NN collateral ) ) ( VP ( VBZ consists ) ( PP-CLR ( IN of ) ( NP ( NP ( JJ collateralized ) ( JJ whole ) ( NNS loans ) ) ( PP ( IN with ) ( NP ( NP ( NP ( DT a ) ( JJ weighted ) ( JJ average ) ( NN coupon ) ( NN rate ) ) ( PP ( IN of ) ( NP ( CD 11.08 ) ( NN % ) ) ) ) ( CC and ) ( NP ( NP ( JJ weighted ) ( NN average ) ( VBG remaining ) ( NN term ) ) ( PP ( TO to ) ( NP ( NN maturity ) ) ) ( PP ( IN of ) ( NP ( CD 28 ) ( NNS years ) ) ) ) ) ) ) ) ) )

The collateral consists of collateralized whole loans with a weighted average coupon rate of 11.08 % and weighted average remaining term to maturity of 28 years


( S ( NP-SBJ-156 ( DT The ) ( NN issue ) ) ( VP ( VBZ is ) ( VP ( VBN rated ) ( S ( ADJP-PRD ( JJ triple-A ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP S&P ) ) ( NP ( NNP Moody ) ( POS 's ) ) ( CC and ) ( NP ( NNP Fitch ) ( NNPS Investors ) ( NNP Service ) ( NNP Inc ) ) ) ) ) ) )

The issue is rated triple-A by S&P Moody 's and Fitch Investors Service Inc


( S ( S ( NP-SBJ ( DT The ) ( NN issue ) ) ( VP ( VBZ is ) ( ADJP-PRD ( NP-ADV ( QP ( CD 6 ) ( NN % ) ( TO to ) ( CD 7 ) ( NN % ) ) ) ( VBN overcollateralized ) ) ) ) ( CC and ) ( S ( NP-SBJ-157 ( NP ( CD 75 ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS loans ) ) ) ) ( VP ( VBP are ) ( VP ( VBN covered ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( NNP General ) ( NNP Electric ) ( NN pool ) ( NN policy ) ) ( VP ( VBG covering ) ( NP ( NP ( NNS losses ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 10 ) ( NN % ) ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ original ) ( JJ principal ) ( NN balance ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS loans ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The issue is 6 % to 7 % overcollateralized and 75 % of the loans are covered by a General Electric pool policy covering losses of as much as 10 % of the original principal balance of the loans


( NP-HLN ( NNP J.C. ) ( NNP Penney ) ( NNP Co. ) )

J.C. Penney Co.


( S ( NP-SBJ-158 ( NP ( QP ( CD 350 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( NNP JCP ) ( NNP Master ) ( NNP Credit ) ( NNP Card ) ( NNP Trust ) ( JJ asset-backed ) ( NNS certificates ) ) ( NP ( NNP Series ) ( NNP B ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ final ) ( VBN stated ) ( NN maturity ) ) ( PP ( IN of ) ( NP ( NNP Oct. ) ( CD 15 ) ( CD 2001 ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( CD 99.1875 ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 9.192 ) ( NN % ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( NN coupon ) ) ( PP ( IN of ) ( NP ( CD 8.95 ) ( NN % ) ) ) ) ) ) ) ) ) ) )

350 million of JCP Master Credit Card Trust asset-backed certificates Series B with a final stated maturity of Oct. 15 2001 was priced at 99.1875 to yield 9.192 % with a coupon of 8.95 %


( S ( NP-SBJ-159 ( NP ( DT The ) ( NNS certificates ) ) ( SBAR ( WHNP-174 ( WDT which ) ) ( S ( VP ( VBP have ) ( NP ( NP ( JJ average ) ( NN life ) ) ( PP ( IN of ) ( NP ( CD 10.05 ) ( NNS years ) ) ) ) ) ) ) ) ( VP ( VBD were ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 1.31 ) ( NN percentage ) ( NNS points ) ) ( PP ( IN over ) ( NP ( DT the ) ( JJ benchmark ) ( NNP Treasury ) ( JJ 10-year ) ( NN note ) ) ) ) ) ) ) )

The certificates which have average life of 10.05 years were priced at 1.31 percentage points over the benchmark Treasury 10-year note


( S ( S-ADV ( VP ( VBN Rated ) ( S ( ADJP-PRD ( JJ triple-A ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Moody ) ( POS 's ) ) ( CC and ) ( NP ( NNP S&P ) ) ) ) ) ) ( NP-SBJ-160 ( DT the ) ( NN issue ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN sold ) ( PP ( IN through ) ( NP ( NNP First ) ( NNP Boston ) ( NNP Corp ) ) ) ) ) ) )

Rated triple-A by Moody 's and S&P the issue will be sold through First Boston Corp


( S ( NP-SBJ-161 ( DT The ) ( NN issue ) ) ( VP ( VBZ is ) ( VP ( VBN backed ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( ADJP ( CD 12 ) ( NN % ) ) ( NN letter ) ) ( PP ( IN of ) ( NP ( NN credit ) ) ) ( PP ( IN from ) ( NP ( NNP Credit ) ( NNP Suisse ) ) ) ) ) ) ) )

The issue is backed by a 12 % letter of credit from Credit Suisse


( NP-HLN ( NP ( NNP Keio ) ( NNP Teito ) ( NNP Electric ) ( NNP Railway ) ( NNP Co ) ) ( PRN ( NP-LOC ( NNP Japan ) ) ) )

Keio Teito Electric Railway Co Japan


( NP ( NP ( QP ( CD 300 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( NNS bonds ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Nov. ) ( CD 16 ) ( CD 1993 ) ) ) ( PP ( IN with ) ( NP ( JJ equity-purchase ) ( NNS warrants ) ) ) ( VP ( VBG indicating ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 3 ) ( CD 3\/4 ) ) ( NN % ) ) ( NN coupon ) ) ( PP ( IN at ) ( NP ( JJ par ) ) ) ) ) ( PP ( IN via ) ( NP ( NNP Nomura ) ( NNP International ) ( NNP Ltd ) ) ) ) ) )

300 million of bonds due Nov. 16 1993 with equity-purchase warrants indicating a 3 3\/4 % coupon at par via Nomura International Ltd


( S ( NP-SBJ ( DT Each ) ( ADJP ( CD 5,000 ) ) ( NN bond ) ) ( VP ( VBZ carries ) ( NP ( NP ( CD one ) ( NN warrant ) ) ( ADJP ( JJ exercisable ) ( PP-TMP ( PP ( IN from ) ( NP ( NNP Nov. ) ( CD 30 ) ) ) ( PP ( IN through ) ( NP ( NNP Nov. ) ( CD 2 ) ( CD 1993 ) ) ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NN company ) ( NNS shares ) ) ( PP-CLR ( IN at ) ( NP ( NP ( DT an ) ( JJ expected ) ( NN premium ) ) ( PP ( IN of ) ( NP ( QP ( CD 2 ) ( CD 1\/2 ) ) ( NN % ) ) ) ( PP ( TO to ) ( NP ( DT the ) ( VBG closing ) ( NN share ) ( NN price ) ) ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ-162 ( NNS terms ) ) ( VP ( VBP are ) ( VP ( VBN fixed ) ( NP-TMP ( NNP Tuesday ) ) ) ) ) ) ) ) ) ) ) )

Each 5,000 bond carries one warrant exercisable from Nov. 30 through Nov. 2 1993 to buy company shares at an expected premium of 2 1\/2 % to the closing share price when terms are fixed Tuesday


( NP-HLN ( NP ( NNP Diesel ) ( NNP Kiki ) ( NNP Co ) ) ( PRN ( NP-LOC ( NNP Japan ) ) ) )

Diesel Kiki Co Japan


( NP ( NP ( QP ( CD 200 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( NNS bonds ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Nov. ) ( CD 16 ) ( CD 1994 ) ) ) ( PP ( IN with ) ( NP ( JJ equity-purchase ) ( NNS warrants ) ) ) ( VP ( VBG indicating ) ( NP ( NP ( DT a ) ( ADJP ( QP ( CD 4 ) ( CD 1\/2 ) ) ( NN % ) ) ( NN coupon ) ) ( PP ( IN at ) ( NP ( JJ par ) ) ) ) ) ( PP ( IN via ) ( NP ( NNP Yamaichi ) ( NNP International ) ( NNP Europe ) ( NNP Ltd ) ) ) ) ) )

200 million of bonds due Nov. 16 1994 with equity-purchase warrants indicating a 4 1\/2 % coupon at par via Yamaichi International Europe Ltd


( S ( NP-SBJ ( DT Each ) ( ADJP ( CD 5,000 ) ) ( NN bond ) ) ( VP ( VBZ carries ) ( NP ( NP ( CD one ) ( NN warrant ) ) ( ADJP ( JJ exercisable ) ( PP-TMP ( PP ( IN from ) ( NP ( NNP Nov. ) ( CD 30 ) ) ) ( PP ( IN through ) ( NP ( NNP Nov. ) ( CD 2 ) ( CD 1994 ) ) ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NN company ) ( NNS shares ) ) ( PP-CLR ( IN at ) ( NP ( NP ( DT an ) ( JJ expected ) ( NN premium ) ) ( PP ( IN of ) ( NP ( QP ( CD 2 ) ( CD 1\/2 ) ) ( NN % ) ) ) ( PP ( TO to ) ( NP ( DT the ) ( VBG closing ) ( NN share ) ( NN price ) ) ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ-163 ( NNS terms ) ) ( VP ( VBP are ) ( VP ( VBN fixed ) ( NP-TMP ( NNP Monday ) ) ) ) ) ) ) ) ) ) ) )

Each 5,000 bond carries one warrant exercisable from Nov. 30 through Nov. 2 1994 to buy company shares at an expected premium of 2 1\/2 % to the closing share price when terms are fixed Monday


( NP-HLN ( NP ( NNP Chugoku ) ( NNP Electric ) ( NNP Power ) ( NNP Co ) ) ( PRN ( NP-LOC ( NNP Japan ) ) ) )

Chugoku Electric Power Co Japan


( NP ( NP ( QP ( CD 150 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( ADJP ( QP ( CD 8 ) ( CD 7\/8 ) ) ( NN % ) ) ( NNS bonds ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Nov. ) ( CD 29 ) ( CD 1996 ) ) ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 101 ) ( CD 7\/8 ) ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( NP ( QP ( CD 8 ) ( CD 7\/8 ) ) ( NN % ) ) ( PP ( CC less ) ( NP ( JJ full ) ( NNS fees ) ) ) ) ) ) ) ) ( PP ( IN via ) ( NP ( NNP Nikko ) ( NNPS Securities ) ( NNP Ltd ) ) ) ) ) )

150 million of 8 7\/8 % bonds due Nov. 29 1996 priced at 101 7\/8 to yield 8 7\/8 % less full fees via Nikko Securities Ltd


( NP ( NNS Fees ) ( QP ( CD 1 ) ( CD 7\/8 ) ) )

Fees 1 7\/8


( NP-HLN ( NP ( NNP Monte ) ( FW dei ) ( NNP Paschi ) ( FW di ) ( NNP Siena ) ) ( NP ( NNP Singapore ) ( NN branch ) ) ( PRN ( NP ( JJ Italian ) ( NN parent ) ) ) ( PP ( IN via ) ( NP ( DT the ) ( NNP Law ) ( NNP Debenture ) ( NNP Trust ) ( NNP Corp. ) ) ) )

Monte dei Paschi di Siena Singapore branch Italian parent via the Law Debenture Trust Corp.


( NP ( NP ( QP ( CD 10 ) ( CD billion ) ) ( NNS yen ) ) ( PRN ( NP ( QP ( CD 70 ) ( CD million ) ) ) ) ( PP ( IN of ) ( NP ( NP ( ADJP ( CD 6 ) ( NN % ) ) ( NNS bonds ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Feb. ) ( CD 24 ) ( CD 1993 ) ) ) ) ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 101 ) ( CD 1\/4 ) ) ) ) ) ( PP ( IN via ) ( NP ( NNP Daiwa ) ( NNP Europe ) ( NNP Ltd ) ) ) )

10 billion yen 70 million of 6 % bonds due Feb. 24 1993 priced at 101 1\/4 via Daiwa Europe Ltd


( NP-HLN ( NP ( NNP Okobank ) ) ( PRN ( NP-LOC ( NNP Finland ) ) ) )

Okobank Finland


( NP ( NP ( QP ( CD 10 ) ( CD billion ) ) ( NNS yen ) ) ( PP ( IN of ) ( NP ( CD 6 ) ( NN % ) ( NNS bonds ) ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Nov. ) ( CD 30 ) ( CD 1992 ) ) ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( CD 101.225 ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 6.056 ) ( NN % ) ) ) ) ) ) ( PP ( IN via ) ( NP ( NNP IBJ ) ( NNP International ) ) ) )

10 billion yen of 6 % bonds due Nov. 30 1992 priced at 101.225 to yield 6.056 % via IBJ International


( S ( NP-SBJ-1 ( NNP Coca-Cola ) ( NNP Co. ) ) ( S-ADV ( VP ( VBG aiming ) ( S ( VP ( TO to ) ( VP ( VB boost ) ( NP ( NP ( NN soft-drink ) ( NN volume ) ) ( PP-LOC ( IN in ) ( NP ( NNP Singapore ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBG discussing ) ( NP ( DT a ) ( JJ joint ) ( NN venture ) ) ( PP ( IN with ) ( NP ( NP ( NNP Fraser ) ( CC & ) ( NNP Neave ) ( NNP Ltd. ) ) ( NP ( NP ( PRP$ its ) ( VBG bottling ) ( NN franchisee ) ) ( PP-LOC ( IN in ) ( NP ( DT that ) ( NN country ) ) ) ) ) ) ) ) ) ) ) )

Coca-Cola Co. aiming to boost soft-drink volume in Singapore said it is discussing a joint venture with Fraser & Neave Ltd. its bottling franchisee in that country


( S ( NP-SBJ ( DT The ) ( NN venture ) ) ( VP ( MD would ) ( VP ( VB be ) ( NP-PRD ( NP ( DT the ) ( JJS latest ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NP ( NNP Coke ) ( POS 's ) ) ( JJ rapid ) ( NN expansion ) ) ( PP ( IN of ) ( NP ( JJ overseas ) ( NN investment ) ) ) ) ) ) ) ) )

The venture would be the latest in Coke 's rapid expansion of overseas investment


( S ( ADVP-TMP ( RB So ) ( RB far ) ) ( NP-TMP ( DT this ) ( NN year ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN put ) ( NP ( QP ( RB nearly ) ( CD 700 ) ( CD million ) ) ) ( PP-DIR ( IN into ) ( NP ( NP ( VBG bottling ) ( NNS operations ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Australia ) ) ( NP ( NNP New ) ( NNP Zealand ) ) ( CC and ) ( NP ( NNP France ) ) ) ) ) ) ) ) )

So far this year it has put nearly 700 million into bottling operations in Australia New Zealand and France


( S ( NP-SBJ ( DT The ) ( NN move ) ) ( ADVP ( RB also ) ) ( VP ( VBZ reflects ) ( NP ( NP ( NNP Coke ) ( POS 's ) ) ( NN eagerness ) ( S ( VP ( TO to ) ( VP ( VB have ) ( NP ( DT a ) ( NN hand ) ) ( PP-LOC-CLR ( IN in ) ( S-NOM ( VP ( VBG developing ) ( NP ( NP ( DT the ) ( NN soft-drink ) ( NNS markets ) ) ( PP-LOC ( IN in ) ( NP ( NNP Pacific ) ( NNP Basin ) ( NNS countries ) ) ) ) ) ) ) ) ) ) ) ) )

The move also reflects Coke 's eagerness to have a hand in developing the soft-drink markets in Pacific Basin countries


( S ( ADVP ( RB Aside ) ( PP ( IN from ) ( NP ( NNP Europe ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Pacific ) ( NN division ) ) ( VP ( VBZ is ) ( SBAR-LOC-PRD ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( NNP Coke ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBG focusing ) ( NP ( NP ( RB much ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN attention ) ) ) ) ( PP-TMP ( IN for ) ( NP ( NP ( NNS years ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB come ) ) ) ) ) ) ) ) ) ) ) ) ) )

Aside from Europe the Pacific division is where Coke will be focusing much of its attention for years to come


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( SBAR-PRP-PRD ( IN because ) ( S ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NNP Coke ) ) ( VP ( VBZ looks ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NNP Pacific ) ( NN area ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ sees ) ( NP ( DT an ) ( ADJP ( JJ economic ) ( CC and ) ( JJ demographic ) ) ( NN gold ) ( NN mine ) ) ) ) ) ) )

That 's because when Coke looks to the Pacific area it sees an economic and demographic gold mine


( S ( PP-LOC ( IN In ) ( NP ( NP ( NNS countries ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNP Taiwan ) ) ( NP ( NNP South ) ( NNP Korea ) ) ( CC and ) ( NP ( NNP Singapore ) ) ) ) ) ) ( NP-SBJ ( NNS economies ) ) ( VP ( VBP are ) ( VP ( VBG growing ) ( S-ADV ( VP ( VBG resulting ) ( PP-CLR ( IN in ) ( NP ( NP ( DT a ) ( NN rise ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ disposable ) ( NN income ) ) ( SBAR ( WHNP-111 ( IN that ) ) ( S ( NP-SBJ ( NNS consumers ) ) ( VP ( MD can ) ( VP ( VB use ) ( PP-PRP ( IN for ) ( NP ( JJ soft ) ( NNS drinks ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In countries such as Taiwan South Korea and Singapore economies are growing resulting in a rise in disposable income that consumers can use for soft drinks


( S ( CC And ) ( PP ( IN unlike ) ( NP ( NP ( NP ( NNP Europe ) ) ( CC and ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( NNS populations ) ) ( VP ( VBP are ) ( VP ( VBG aging ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Pacific ) ( NNP Basin ) ( NNS countries ) ) ( VP ( VBP have ) ( NP ( NP ( VBG growing ) ( NNS proportions ) ) ( PP ( IN of ) ( NP ( NP ( NNS youths ) ) ( NP ( NP ( DT the ) ( JJS heaviest ) ( NNS consumers ) ) ( PP ( IN of ) ( NP ( NP ( NNP Coca-Cola ) ) ( CC and ) ( NP ( JJ other ) ( NNS sodas ) ) ) ) ) ) ) ) ) )

And unlike Europe and the U.S. where populations are aging the Pacific Basin countries have growing proportions of youths the heaviest consumers of Coca-Cola and other sodas


( S ( NP-SBJ ( DT A ) ( NNP Coca-Cola ) ( NN spokesman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB too ) ( JJ early ) ( S ( VP ( TO to ) ( VP ( VB say ) ( SBAR ( SBAR ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ-81 ( DT the ) ( JJ joint ) ( NN venture ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN structured ) ) ) ) ) ) ( CC or ) ( SBAR ( WHNP-3 ( WRB how ) ( JJ much ) ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( MD would ) ( VP ( VB invest ) ( PP-CLR ( IN in ) ( NP ( DT the ) ( NN transaction ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

A Coca-Cola spokesman said it is too early to say how the joint venture would be structured or how much the company would invest in the transaction


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( NN past ) ) ) ( ADVP ( RB however ) ) ( NP-SBJ ( NNP Coke ) ) ( VP ( VBZ has ) ( ADVP ( RB typically ) ) ( VP ( VBN taken ) ( NP ( NP ( DT a ) ( NN minority ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( JJ such ) ( NNS ventures ) ) ) ) ) ) )

In the past however Coke has typically taken a minority stake in such ventures


( S ( PP-MNR ( IN By ) ( S-NOM ( VP ( VBG acquiring ) ( NP ( NP ( NNS stakes ) ) ( PP-LOC ( IN in ) ( NP ( NP ( VBG bottling ) ( NNS companies ) ) ( UCP-LOC ( PP ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( CC and ) ( ADVP ( RB overseas ) ) ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNP Coke ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB improve ) ( NP ( NP ( NNS bottlers ) ( POS ' ) ) ( NN efficiency ) ( CC and ) ( NN production ) ( CC and ) ( PP-LOC ( IN in ) ( NP ( DT some ) ( NNS cases ) ) ) ( NN marketing ) ) ) ) ) ) ) ) )

By acquiring stakes in bottling companies in the U.S. and overseas Coke has been able to improve bottlers ' efficiency and production and in some cases marketing


( S ( NP-SBJ-1 ( NNP Coke ) ) ( VP ( VBZ has ) ( VP ( VBN tended ) ( S ( VP ( TO to ) ( VP ( VB increase ) ( NP ( PRP$ its ) ( NN control ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NNS results ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ sluggish ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( VBN given ) ( NN country ) ) ) ) ) ) ) ) ) ) ) )

Coke has tended to increase its control when results were sluggish in a given country


( S ( NP-SBJ-1 ( IN That ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB appear ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT the ) ( NN case ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Singapore ) ) ( NP ( NP ( DT a ) ( NN country ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD three ) ( CD million ) ) ( NNS people ) ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( ADJP ( RB relatively ) ( JJ high ) ) ( NN soft-drink ) ( NN consumption ) ( NN rate ) ) ( NP ( NP ( DT a ) ( JJ key ) ( NN indicator ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Coke ) ( POS 's ) ) ( NN success ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN market ) ) ) ) ) ) ) ) ) ) ) ) ) )

That does n't appear to be the case in Singapore a country of about three million people with a relatively high soft-drink consumption rate a key indicator of Coke 's success in a market


( S ( PP-LOC ( IN In ) ( NP ( NNP Singapore ) ) ) ( NP-SBJ ( JJ per-capita ) ( NN consumption ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( QP ( IN about ) ( NN one-third ) ) ( IN that ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ) )

In Singapore per-capita consumption is about one-third that of the U.S.


( S ( CC And ) ( S-TPC-1 ( S-NOM-SBJ ( VP ( VBG combining ) ( NP ( NP ( NNP Fraser ) ( CC & ) ( NNP Neave ) ( POS 's ) ) ( JJ own ) ( JJ soft ) ( NNS drinks ) ) ( PP-CLR ( IN with ) ( NP ( NNP Coca-Cola ) ( POS 's ) ) ) ) ) ( VP ( VBZ gives ) ( NP ( DT the ) ( NNP Singapore ) ( NN company ) ) ( NP ( NP ( QP ( JJR more ) ( IN than ) ( PDT half ) ) ( DT the ) ( NN share ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN soda ) ( NN market ) ) ( ADVP-LOC ( RB there ) ) ) ) ) ) ) ( NP-SBJ ( NNP Coke ) ) ( VP ( VBD said ) ) )

And combining Fraser & Neave 's own soft drinks with Coca-Cola 's gives the Singapore company more than half the share of the soda market there Coke said


( S ( NP-SBJ ( NP ( NNP Fraser ) ( CC & ) ( NNP Neave ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( ADVP ( RB also ) ) ( VP ( VBZ has ) ( NP ( NP ( NNS interests ) ) ( PP ( IN in ) ( NP ( NP ( NN packaging ) ) ( NP ( NN beer ) ) ( CC and ) ( NP ( NN dairy ) ( NNS products ) ) ) ) ) ) ) ) ) ( VP ( VBZ holds ) ( NP ( NP ( DT the ) ( NNP Coke ) ( NNS licenses ) ) ( PP ( IN for ) ( NP ( NP ( NNP Malaysia ) ( CC and ) ( NNP Brunei ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ ( JJ per-capita ) ( NN consumption ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ high ) ) ( PP ( IN as ) ( PP-LOC ( IN in ) ( NP ( NNP Singapore ) ) ) ) ) ) ) ) ) ) ) ) )

Fraser & Neave which also has interests in packaging beer and dairy products holds the Coke licenses for Malaysia and Brunei where per-capita consumption is n't as high as in Singapore


( S ( NP-SBJ-1 ( NNP Coke ) ) ( VP ( MD could ) ( VP ( VB be ) ( ADJP-PRD ( JJ interested ) ( PP ( IN in ) ( S-NOM ( VP ( ADVP-MNR ( RBR more ) ( RB quickly ) ) ( VBG developing ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ untapped ) ( NN potential ) ) ( PP-LOC ( IN in ) ( NP ( DT those ) ( NNS markets ) ) ) ) ) ) ) ) ) ) ) ) )

Coke could be interested in more quickly developing some of the untapped potential in those markets


( S ( NP-SBJ ( DT A ) ( NNP Coke ) ( NN spokesman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB say ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NN direction ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS talks ) ) ) ) ) ) ) ) ) ) ) ) )

A Coke spokesman said he could n't say whether that is the direction of the talks


( S ( NP-SBJ ( NN Coke ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-82 ( NP ( DT the ) ( NN joint-venture ) ( NN arrangement ) ) ( SBAR ( WHNP-112 ( WDT which ) ) ( S ( VP ( VBZ needs ) ( NP ( NP ( NN approval ) ) ( PP ( IN from ) ( NP ( NP ( DT both ) ( NNS companies ) ( POS ' ) ) ( NNS boards ) ) ) ) ) ) ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN completed ) ( NP-TMP ( JJ early ) ( JJ next ) ( NN year ) ) ) ) ) ) ) ) )

Coke said the joint-venture arrangement which needs approval from both companies ' boards should be completed early next year


( S ( NP-SBJ ( NP ( NNP Prime ) ( NNP Minister ) ( NNP Lee ) ( NNP Kuan ) ( NNP Yew ) ) ( NP ( NP ( NP ( NNP Singapore ) ( POS 's ) ) ( NN leader ) ) ( CC and ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( NNP Asia ) ( POS 's ) ) ( VBG leading ) ( NNS statesmen ) ) ) ( PP-TMP ( IN for ) ( NP ( CD 30 ) ( NNS years ) ) ) ) ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD announced ) ( NP ( PRP$ his ) ( NN intention ) ( S ( VP ( VP ( TO to ) ( VP ( VB retire ) ( NP-TMP ( JJ next ) ( NN year ) ) ) ) ( PRN ( ADVP ( IN though ) ) ( ADVP ( RB not ) ( RB necessarily ) ) ( VP ( TO to ) ( VP ( VB end ) ( NP ( PRP$ his ) ( NN influence ) ) ) ) ) ) ) ) ) )

Prime Minister Lee Kuan Yew Singapore 's leader and one of Asia 's leading statesmen for 30 years recently announced his intention to retire next year though not necessarily to end his influence


( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ prime ) ( NN minister ) ) ( SBAR ( SBAR ( WHNP-298 ( WP$ whose ) ( NN hair ) ) ( S ( VP ( VBZ is ) ( UCP-PRD ( VP ( VBG thinning ) ) ( CC and ) ( ADJP-PRD ( JJ gray ) ) ) ) ) ) ( CC and ) ( SBAR ( WHNP-299 ( WP$ whose ) ( NN face ) ) ( S ( VP ( VBZ has ) ( NP ( DT a ) ( JJ perpetual ) ( NN pallor ) ) ) ) ) ) ) ( ADVP ( RB nonetheless ) ) ( VP ( VBZ continues ) ( S ( VP ( TO to ) ( VP ( VB display ) ( NP ( NP ( DT an ) ( NN energy ) ) ( NP ( NP ( DT a ) ( NN precision ) ) ( PP ( IN of ) ( NP ( NN thought ) ) ) ) ( CC and ) ( NP ( DT a ) ( NN willingness ) ( S ( VP ( TO to ) ( VP ( VB say ) ( ADVP ( RB publicly ) ) ( SBAR ( WHNP-300 ( WP what ) ) ( S ( NP-SBJ-2 ( JJS most ) ( JJ other ) ( JJ Asian ) ( NNS leaders ) ) ( VP ( VBP dare ) ( S ( VP ( VB say ) ( ADVP ( RB only ) ( RB privately ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The prime minister whose hair is thinning and gray and whose face has a perpetual pallor nonetheless continues to display an energy a precision of thought and a willingness to say publicly what most other Asian leaders dare say only privately


( S ( NP-SBJ-1 ( DT The ) ( JJ 66-year-old ) ( NNP Mr. ) ( NNP Lee ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD spent ) ( NP ( DT an ) ( NN hour ) ) ( S-CLR ( VP ( VBG discussing ) ( NP ( NP ( DT the ) ( NN state ) ) ( PP ( IN of ) ( NP ( NP ( NN Asia ) ) ( CC and ) ( NP ( DT the ) ( NN world ) ) ) ) ) ( PP ( IN with ) ( NP ( CD two ) ( NNP Journal ) ( NNS reporters ) ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ his ) ( ADJP ( RB plainly ) ( JJ furnished ) ) ( JJ wood-paneled ) ( NN office ) ) ) ) ) ) )

The 66-year-old Mr. Lee recently spent an hour discussing the state of Asia and the world with two Journal reporters in his plainly furnished wood-paneled office