( NP ( NP ( NNP Parametric ) ( NNP Technology ) ( NNP Corp. ) ) ( NP ( NP ( JJ initial ) ( NN offering ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 1.7 ) ( CD million ) ) ( JJ common ) ( NNS shares ) ) ( SBAR ( WHPP-2 ( IN of ) ( WHNP ( WDT which ) ) ) ( S ( S ( NP-SBJ-1 ( NP ( CD 1,365,226 ) ( NNS shares ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN sold ) ( PP-3 ( IN by ) ( NP-LGS ( DT the ) ( NN company ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ=1 ( NP ( CD 334,774 ) ( NNS shares ) ) ) ( PP=3 ( IN by ) ( NP-LGS ( NNS holders ) ) ) ) ) ) ) ) ) ( PP ( IN via ) ( NP ( NP ( NNP Alex ) ( NNP Brown ) ( CC & ) ( NNPS Sons ) ) ( NP ( NNP Hambrecht ) ( CC & ) ( NNP Quist ) ) ( CC and ) ( NP ( NNP Wessels ) ( NNP Arnold ) ( CC & ) ( NNP Henderson ) ) ) ) )

Parametric Technology Corp. initial offering of 1.7 million common shares of which 1,365,226 shares will be sold by the company and 334,774 shares by holders via Alex Brown & Sons Hambrecht & Quist and Wessels Arnold & Henderson


( NP ( NP ( NNP Union ) ( NNP Camp ) ( NNP Corp. ) ) ( NP ( NP ( NN shelf ) ( NN offering ) ) ( PP ( IN of ) ( NP ( NP ( QP ( IN up ) ( TO to ) ( CD 250 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NN debt ) ( NNS securities ) ) ) ) ) ) )

Union Camp Corp. shelf offering of up to 250 million of debt securities


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( JJ Belgian ) ( NN consumer ) ( NN price ) ( NN index ) ) ( VP ( VP ( VBD rose ) ( NP-EXT ( DT a ) ( JJ provisional ) ( CD 0.1 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NNP October ) ) ) ( PP-DIR ( IN from ) ( NP-TMP ( DT the ) ( JJ previous ) ( NN month ) ) ) ) ( CC and ) ( VP ( VBD was ) ( ADVP-PRD ( RB up ) ( NP ( CD 3.64 ) ( NN % ) ) ( PP ( IN from ) ( NP-TMP ( NNP October ) ( CD 1988 ) ) ) ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NNP Ministry ) ) ( PP ( IN of ) ( NP ( NNP Economic ) ( NNPS Affairs ) ) ) ) ( VP ( VBD said ) ) )

The Belgian consumer price index rose a provisional 0.1 % in October from the previous month and was up 3.64 % from October 1988 the Ministry of Economic Affairs said


( S ( NP-SBJ-1 ( NP ( DT The ) ( NN index ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ uses ) ( NP ( NP ( DT a ) ( NN base ) ) ( PP ( IN of ) ( NP ( CD 1981 ) ) ) ) ( PP-CLR ( IN as ) ( NP ( CD 100 ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN calculated ) ( PP-CLR ( IN at ) ( NP ( CD 140.91 ) ( NNS points ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP October ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 140.74 ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ) ) ) )

The index which uses a base of 1981 as 100 was calculated at 140.91 points in October from 140.74 in September


( S ( NP-SBJ ( JJ Annual ) ( NN inflation ) ) ( VP ( VBD rose ) ( PP-DIR ( TO to ) ( NP ( CD 3.64 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NNP October ) ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 3.55 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ) ) )

Annual inflation rose to 3.64 % in October from 3.55 % in September


( S ( S ( NP-SBJ ( NP ( NNP Belgium ) ( POS 's ) ) ( NN inflation ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG rising ) ( ADVP-MNR ( RB steadily ) ) ( PP-TMP ( IN for ) ( NP ( DT the ) ( JJ past ) ( NN year ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NN ministry ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( JJS latest ) ( NN rise ) ) ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( JJR slower ) ) ( PP ( IN than ) ( NP ( NP ( NNS gains ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ( CC and ) ( NNP August ) ) ) ) ) ) ) ) ) ) ) )

Belgium 's inflation has been rising steadily for the past year but the ministry said the latest rise is slower than gains in September and August


( S ( NP-SBJ ( DT The ) ( NN world ) ) ( VP ( VBD had ) ( NP ( DT a ) ( JJ big ) ( NN yuk ) ) ( ADVP-TMP ( RB recently ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NNPS Soviets ) ) ( VP ( VBD reported ) ( NP ( NP ( DT a ) ( NN rash ) ) ( PP ( IN of ) ( NP ( NP ( NNP UFO ) ( NNS landings ) ) ( PRN ( S ( NP-SBJ ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ) ( VP ( VBG bringing ) ( NP ( NP ( JJ tall ) ( NNS aliens ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD glowed ) ( PP-CLR ( IN in ) ( NP ( DT the ) ( NN dark ) ) ) ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NNP Voronezh ) ) ) ) ) ) ) ) ) ) ) ) ) )

The world had a big yuk recently when the Soviets reported a rash of UFO landings one of them bringing tall aliens who glowed in the dark to Voronezh


( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NN opinion ) ) ( PP ( IN of ) ( NP ( NP ( NNP Timothy ) ( NNP Good ) ) ( NP ( NP ( NN author ) ) ( PP ( IN of ) ( NP ( S-TTL ( ADJP-PRD ( NNP Above ) ( NNP Top ) ( NNP Secret ) ) ( NP-SBJ ( NNP The ) ( NNP World ) ( NNP UFO ) ( NNP Cover-Up ) ) ) ( PRN ( NP ( NNP Quill\/William ) ( NNP Morrow ) ) ( NP ( CD 592 ) ( NNS pages ) ) ( NP ( CD 12.95 ) ) ) ) ) ) ) ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN world ) ) ( VP ( VBZ laughs ) ( ADVP-TMP ( RB too ) ( RB fast ) ) ) ) ) ) )

It is the opinion of Timothy Good author of Above Top Secret The World UFO Cover-Up Quill\/William Morrow 592 pages 12.95 that the world laughs too fast


( SINV ( ADVP-LOC-TPC-2 ( RB Here ) ) ( VP ( VBZ is ) ) ( NP-SBJ ( NP ( DT a ) ( JJ bible ) ) ( PP ( IN for ) ( NP ( NNP UFO ) ( NNS watchers ) ) ) ( ADJP ( JJ complete ) ( PP ( IN with ) ( NP ( NP ( NNS pictures ) ) ( PP ( IN of ) ( NP ( NP ( NNS people ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP 've ) ( VP ( VBN had ) ( NP ( NP ( JJ personal ) ( NNS relationships ) ) ( PP ( IN with ) ( NP ( NNS aliens ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Here is a bible for UFO watchers complete with pictures of people who say they 've had personal relationships with aliens


( S ( NP-SBJ ( CD One ) ( NN photo ) ) ( VP ( VBZ shows ) ( NP ( NP-SBJ ( DT a ) ( NN woman ) ) ( VP ( VBG sporting ) ( NP ( NP ( DT a ) ( NN scar ) ) ( SBAR ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBZ says ) ( SBAR ( S ( VP ( VBD was ) ( VP ( VBN made ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( NN laser ) ( NN beam ) ) ( PRN ( NP ( NP ( DT a ) ( NN low-caliber ) ( NN weapon ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NNS looks ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN wound ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

One photo shows a woman sporting a scar she says was made by a laser beam a low-caliber weapon from the looks of the wound


( S ( ADVP-TMP ( RB So ) ( RB far ) ) ( ADVP ( RB anyway ) ) ( NP-SBJ-1 ( PRP$ our ) ( JJ alien ) ( NNS visitors ) ) ( VP ( VBP seem ) ( ADJP-PRD ( ADJP ( JJR more ) ( NN intent ) ( PP ( IN on ) ( S-NOM ( VP ( VBG brightening ) ( NP ( PRP$ our ) ( NNS skies ) ) ) ) ) ) ( PP ( IN than ) ( S-NOM ( VP ( VBG pulverizing ) ( NP ( PRP us ) ) ) ) ) ) ) )

So far anyway our alien visitors seem more intent on brightening our skies than pulverizing us


( S ( NP-SBJ ( NNP Mr. ) ( NNP Good ) ) ( VP ( VBZ devotes ) ( NP ( RB much ) ( JJ serious ) ( NN space ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NNS events ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Feb. ) ( CD 25 ) ) ( NP ( CD 1942 ) ) ) ( SBAR ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( JJ American ) ( NNS gunners ) ) ( VP ( VBD spotted ) ( NP ( NP ( JJ strange ) ( NNS lights ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN sky ) ) ( PP-LOC ( IN above ) ( NP ( NNP Los ) ( NNP Angeles ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Good devotes much serious space to the events of Feb. 25 1942 when American gunners spotted strange lights in the sky above Los Angeles


( S ( NP-SBJ-1 ( JJ Air-raid ) ( NNS sirens ) ) ( VP ( VBD sounded ) ( NP ( DT the ) ( NN alarm ) ) ( PP-TMP ( IN at ) ( NP ( CD 2:25 ) ( RB a.m. ) ) ) ( S-ADV ( VP ( VBG summoning ) ( NP ( CD 12,000 ) ( NN air ) ( NNS wardens ) ) ( PP-CLR ( TO to ) ( NP ( NN duty ) ) ) ) ) ) )

Air-raid sirens sounded the alarm at 2:25 a.m. summoning 12,000 air wardens to duty


( S ( ADVP-TMP ( RB Soon ) ) ( NP-SBJ ( DT all ) ( NN hell ) ) ( VP ( VBD broke ) ( ADVP-CLR ( RB loose ) ) ) )

Soon all hell broke loose


( S ( NP-SBJ ( NP ( NN Ground ) ( NNS batteries ) ) ( VP ( VBG targeting ) ( NP ( NP ( DT an ) ( JJ odd ) ( NN assortment ) ) ( PP ( IN of ) ( NP ( NP ( NN aircraft ) ) ( VP ( VBG traveling ) ( PP-CLR ( IN at ) ( NP ( ADJP ( RB highly ) ( JJ unusual ) ) ( NNS speeds ) ) ) ) ) ) ) ) ) ( VP ( VBD opened ) ( PRT ( RP up ) ) ( NP ( DT a ) ( JJ furious ) ( NN fusillade ) ) ) )

Ground batteries targeting an odd assortment of aircraft traveling at highly unusual speeds opened up a furious fusillade


( S ( NP-SBJ ( DT The ) ( NN sky ) ) ( VP ( VBD filled ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ 12.8-pound ) ( NNS shells ) ) ( SBAR ( WHNP-1 ( NP ( JJ several ) ) ( WHPP ( IN of ) ( WHNP ( WDT which ) ) ) ) ( S ( VP ( VBD fell ) ( ADVP-DIR ( RB back ) ) ( PP-DIR ( TO to ) ( NP ( NN Earth ) ) ) ( S-ADV ( VP ( VBG destroying ) ( NP ( NNS homes ) ( CC and ) ( NNS buildings ) ) ) ) ) ) ) ) ) ) )

The sky filled with 12.8-pound shells several of which fell back to Earth destroying homes and buildings


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( DT the ) ( NN smoke ) ) ( VP ( VBD cleared ) ) ) ) ( S ( NP-SBJ ( CD six ) ( NNS people ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ dead ) ) ( PRN ( FRAG ( NP ( CD three ) ) ( PP ( IN from ) ( NP ( NN heart ) ( NNS attacks ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NN everyone ) ) ( VP ( VBD wondered ) ( SBAR-NOM ( WHNP-2 ( WHNP ( WP what ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN world ) ) ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBG shooting ) ( PP-CLR ( IN at ) ) ) ) ) ) ) ) )

When the smoke cleared six people were dead three from heart attacks and everyone wondered what in the world they were shooting at


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Good ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ documents ) ( NP ( DT these ) ( NNS things ) ) ( ADVP-MNR ( ADVP ( RB as ) ( RB best ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD can ) ) ) ) ) ) ) ) ( VP ( VBZ provides ) ( NP ( NP ( DT an ) ( JJ official ) ( NN explanation ) ) ( PP ( IN in ) ( NP ( NP ( DT the ) ( NN form ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT a ) ( NN memorandum ) ) ( PP ( IN from ) ( NP ( NAC ( NNP Chief ) ( PP ( IN of ) ( NP ( NNP Staff ) ) ) ) ( NNP George ) ( NNP C. ) ( NNP Marshall ) ) ) ( PP ( TO to ) ( NP ( NNP President ) ( NNP Roosevelt ) ) ) ) ( S-2 ( NP-SBJ-3 ( NP ( CD 1,430 ) ( NNS pounds ) ) ( PP ( IN of ) ( NP ( NN ammunition ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD wrote ) ( NP ( NP ( PRP$ his ) ( NN commander ) ) ( PP ( IN in ) ( NP ( NN chief ) ) ) ) ) ) ) ( VP ( VBD were ) ( VP ( VBN expended ) ( PP-CLR ( IN on ) ( NP ( NP ( JJ unidentified ) ( NN aircraft ) ) ( VP ( VBG flying ) ( PP-CLR ( IN at ) ( NP ( NP ( NP ( NNS speeds ) ) ( ADJP ( ADJP ( RB as ) ( JJ slow ) ) ( PP ( IN as ) ( NP ( CD 200 ) ( NN mph ) ) ) ) ) ( CC and ) ( NP ( NP ( NNS elevations ) ) ( PP ( IN between ) ( NP ( QP ( CD 9,000 ) ( CC and ) ( CD 18,000 ) ) ( NNS feet ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Good who documents these things as best he can provides an official explanation in the form of a memorandum from Chief of Staff George C. Marshall to President Roosevelt 1,430 pounds of ammunition he wrote his commander in chief were expended on unidentified aircraft flying at speeds as slow as 200 mph and elevations between 9,000 and 18,000 feet


( S ( S ( INTJ ( UH Well ) ) ( NP-SBJ ( NP ( NNS thousands ) ) ( PP ( IN of ) ( NP ( NP ( NNPS Californians ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NN scene ) ) ) ) ) ) ( VP ( VBD insisted ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN ammo ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( VP ( ADVP-MNR ( RB uselessly ) ) ( VBN aimed ) ( PP-CLR ( IN at ) ( NP ( DT a ) ( JJ large ) ( JJ hardy ) ( NNP UFO ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( PRP you ) ) ( VP ( MD will ) ( ADVP ( RB just ) ) ( VP ( VB have ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( PRP$ your ) ( JJ own ) ( NN decision ) ) ( PP ( IN about ) ( NP ( JJ such ) ( NNS sightings ) ) ) ) ) ) ) ) ) ) )

Well thousands of Californians on the scene insisted the ammo had been uselessly aimed at a large hardy UFO but you will just have to make your own decision about such sightings


( S ( S ( S ( NP-SBJ ( CD One ) ( NN thing ) ) ( VP ( VBZ 's ) ( PP-PRD ( IN for ) ( ADJP ( JJ sure ) ) ) ) ) ( S ( NP-SBJ ( EX There ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT a ) ( NN ton ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( JJR greater ) ( NNS beings ) ) ( PP ( IN than ) ( NP ( NP ( DT the ) ( NNS editors ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP National ) ( NNP Enquirer ) ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN shown ) ( NP ( NN interest ) ) ) ) ) )

One thing 's for sure There have been a ton of them and greater beings than the editors of the National Enquirer have shown interest


( S ( NP-SBJ-1 ( NP ( NNP Gerald ) ( NNP Ford ) ) ( NP ( DT a ) ( ADJP ( RB fairly ) ( JJ down-to-earth ) ) ( NN fellow ) ) ) ( ADVP-TMP ( RB once ) ) ( VP ( VBD sent ) ( NP ( NP ( DT a ) ( NN letter ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Armed ) ( NNPS Services ) ( NNP Committee ) ) ) ) ) ( S-ADV ( VP ( VBG recommending ) ( SBAR ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VB be ) ( NP-PRD ( NP ( DT a ) ( NN committee ) ( NN investigation ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP UFO ) ( NN phenomenon ) ) ) ) ) ) ) ) ) ) )

Gerald Ford a fairly down-to-earth fellow once sent a letter to the chairman of the Armed Services Committee recommending that there be a committee investigation of the UFO phenomenon


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ-2 ( PRP we ) ) ( VP ( VBP owe ) ( NP ( NP ( PRP it ) ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( JJ American ) ( NNS people ) ) ) ( S-1 ( VP ( VP ( TO to ) ( VP ( VB establish ) ( NP ( NP ( NN credibility ) ) ( PP ( VBG regarding ) ( NP ( NNS UFOs ) ) ) ) ) ) ( CC and ) ( VP ( TO to ) ( VP ( VB produce ) ( NP ( NP ( DT the ) ( ADJP ( JJS greatest ) ( JJ possible ) ) ( NN enlightenment ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN subject ) ) ) ) ) ) ) ) ) ) ) ) )

I think we owe it to the American people to establish credibility regarding UFOs and to produce the greatest possible enlightenment on the subject


( S ( NP-SBJ ( NNP Jimmy ) ( NNP Carter ) ) ( VP ( VBD went ) ( ADVP ( RB further ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( CD 1976 ) ( NN campaign ) ( NN promise ) ) ( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP become ) ( NP-PRD ( NN president ) ) ) ) ) ( NP-SBJ ( PRP I ) ) ( VP ( MD 'll ) ( VP ( VB make ) ( S ( NP-SBJ ( NP ( DT every ) ( NN piece ) ) ( PP ( IN of ) ( NP ( NP ( NN information ) ) ) ) ( SBAR ( S ( NP-SBJ ( DT this ) ( NN country ) ) ( VP ( VBZ has ) ) ) ) ( PP-2 ( IN about ) ( NP ( NNP UFO ) ( NNS sightings ) ) ) ) ( ADJP-PRD ( JJ available ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN public ) ) ( CC and ) ( NP ( DT the ) ( NNS scientists ) ) ) ) ) ) ) ) ) ) ) ) )

Jimmy Carter went further in a 1976 campaign promise If I become president I 'll make every piece of information this country has about UFO sightings available to the public and the scientists


( S ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBP am ) ( VP ( VBN convinced ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS UFOs ) ) ( VP ( VBP exist ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP have ) ( VP ( VBN seen ) ( NP ( CD one ) ) ) ) ) ) ) ) )

I am convinced that UFOs exist because I have seen one


( S ( CC But ) ( NP-SBJ ( PRP you ) ) ( VP ( VBP know ) ( PP-CLR ( IN about ) ( NP ( NN campaign ) ( NNS promises ) ) ) ) )

But you know about campaign promises


( S ( NP-SBJ ( PRP It ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB look ) ( PP-CLR ( IN like ) ( S-NOM ( NP-SBJ ( NNS governments ) ) ( VP ( VBP are ) ( VP ( VBG coughing ) ( PRT ( RP up ) ) ( NP ( NP ( NN everything ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP know ) ) ) ) ) ) ) ) ) ) ) )

It still does n't look like governments are coughing up everything they know


( S ( S ( INTJ ( RB Still ) ) ( PP ( IN despite ) ( NP ( PRP$ their ) ( NNS efforts ) ( S ( VP ( TO to ) ( VP ( VB convince ) ( NP ( DT the ) ( NN world ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP are ) ( ADVP ( RB indeed ) ) ( ADJP-PRD ( RB alone ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-3 ( DT the ) ( NNS visitors ) ) ( VP ( VBP do ) ( VP ( VB seem ) ( S ( VP ( TO to ) ( VP ( VB keep ) ( S ( VP ( VBG coming ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( PP ( IN like ) ( NP ( DT the ) ( JJ recent ) ( NNS sightings ) ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( ADVP-TMP ( RB often ) ) ( NP-PRD ( NP ( DT a ) ( NN detail ) ( QP ( CC or ) ( CD two ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ suggests ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD may ) ( ADVP ( RB actually ) ) ( VP ( VB be ) ( PP-PRD ( NP-ADV ( DT a ) ( JJ little ) ) ( IN on ) ( NP ( DT the ) ( JJ dumb ) ( NN side ) ) ) ) ) ) ) ) ) ) ) ) ) )

Still despite their efforts to convince the world that we are indeed alone the visitors do seem to keep coming and like the recent sightings there 's often a detail or two that suggests they may actually be a little on the dumb side


( S ( PP ( IN For ) ( NP ( NN instance ) ) ) ( NP-SBJ ( NP ( NNS witnesses ) ) ( PP-LOC ( IN in ) ( NP ( NNP Voronezh ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ-1 ( NP ( DT the ) ( JJ pinheaded ) ( NNS behemoths ) ) ( CC and ) ( NP ( PRP$ their ) ( NN robot ) ( NN friend ) ) ) ( PP-TMP ( IN after ) ( S-NOM ( VP ( VBG strolling ) ( PP-LOC-CLR ( IN around ) ( NP ( DT the ) ( NN city ) ( NN park ) ) ) ) ) ) ( VP ( VBD left ) ( PRT ( RP behind ) ) ( NP ( DT some ) ( NNS rocks ) ) ) ) ) ) )

For instance witnesses in Voronezh say the pinheaded behemoths and their robot friend after strolling around the city park left behind some rocks


( SBARQ-2 ( INTJ ( RB Now ) ) ( WHADVP-3 ( WRB why ) ) ( PRN ( S ( NP-SBJ-1 ( PRP you ) ) ( VP ( VBP have ) ( S ( VP ( TO to ) ( VP ( VB ask ) ( NP ( PRP yourself ) ) ) ) ) ) ) ) ( SQ ( MD would ) ( NP-SBJ ( JJ intelligent ) ( NNS beings ) ) ( VP ( VB haul ) ( NP ( NP ( DT a ) ( NN bunch ) ) ( PP ( IN of ) ( NP ( NNS rocks ) ) ) ) ( PP-CLR ( IN around ) ( NP ( DT the ) ( NN universe ) ) ) ) ) )

Now why you have to ask yourself would intelligent beings haul a bunch of rocks around the universe


( S ( CC Or ) ( VP ( VB land ) ( PP-CLR ( IN in ) ( NP ( NNP Russia ) ) ) ( ADVP-TMP ( RB so ) ( RB often ) ) ) )

Or land in Russia so often


( S ( PP ( IN In ) ( NP ( DT a ) ( CD 1961 ) ( NN incident ) ) ) ( NP-SBJ-1 ( DT a ) ( JJ Soviet ) ( NN mail ) ( NN plane ) ) ( VP ( VBD disappeared ) ( PP-CLR ( IN off ) ( NP ( DT the ) ( NN radar ) ( NN screen ) ) ) ( PP-TMP ( ADVP ( RB just ) ) ( IN after ) ( S-NOM ( VP ( VBG radioing ) ( NP ( PRP$ its ) ( NN position ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NN ground ) ( NN control ) ) ( PP-LOC ( IN in ) ( NP ( NNP Sverdlovsk ) ) ) ) ) ) ) ) ) )

In a 1961 incident a Soviet mail plane disappeared off the radar screen just after radioing its position to ground control in Sverdlovsk


( S ( NP-SBJ ( DT A ) ( NN search ) ( NN party ) ) ( ADVP-TMP ( RB soon ) ) ( VP ( VBD found ) ( NP ( DT the ) ( JJ unscathed ) ( NN aircraft ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN forest ) ( NN clearing ) ) ( ADJP ( RB much ) ( RB too ) ( JJ small ) ( S ( VP ( TO to ) ( VP ( VB have ) ( VP ( VBN allowed ) ( NP ( DT a ) ( JJ conventional ) ( NN landing ) ) ) ) ) ) ) ) ) ) )

A search party soon found the unscathed aircraft in a forest clearing much too small to have allowed a conventional landing


( S ( SBAR-ADV ( WHNP-1 ( WP What ) ) ( S ( VP ( VBZ 's ) ( ADJP-PRD ( JJR more ) ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( CD seven ) ( NN mail ) ( NNS personnel ) ) ( ADVP-LOC ( IN aboard ) ) ) ( VP ( VBD were ) ( VP ( VBG missing ) ) ) )

What 's more the seven mail personnel aboard were missing


( S ( ADVP-TMP ( RB Again ) ) ( NP-SBJ-1 ( PRP you ) ) ( VP ( VBP have ) ( S ( VP ( TO to ) ( VP ( VB ask ) ( NP ( NP ( DT the ) ( JJ obvious ) ( NN question ) ) ( SBARQ ( WHADVP-2 ( WRB Why ) ) ( S ( MD would ) ( NP-SBJ ( JJ intelligent ) ( NNS beings ) ) ( VP ( VB kidnap ) ( NP ( CD seven ) ( JJ Soviet ) ( NNS mailmen ) ) ) ) ) ) ) ) ) ) )

Again you have to ask the obvious question Why would intelligent beings kidnap seven Soviet mailmen


( S ( NP-SBJ ( NP ( NN Speculation ) ) ( PP ( IN as ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN nature ) ) ( PP ( IN of ) ( NP ( NNS aliens ) ) ) ) ) ) ) ( VP ( MD will ) ( ADVP ( DT no ) ( NN doubt ) ) ( VP ( VB continue ) ( SBAR-TMP ( IN until ) ( S ( NP-SBJ-1 ( PRP we ) ) ( VP ( VBP wake ) ( PRT ( RP up ) ) ( NP-TMP ( CD one ) ( NN morning ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB find ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP 've ) ( VP ( VBN taken ) ( PP-CLR ( IN over ) ( NP-TTL ( NNP The ) ( NNP Today ) ( NNP Show ) ) ) ( NP-MNR ( NP ( DT the ) ( NN way ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP overwhelm ) ( NP ( DT an ) ( JJ entire ) ( NN town ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NP ( NNP Jack ) ( NNP Finney ) ( POS 's ) ) ( NX-TTL ( NX ( NNP Invasion ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Body ) ( NNPS Snatchers ) ) ) ) ) ( PRN ( NP ( NNP Fireside\/Simon ) ( CC & ) ( NNP Schuster ) ) ( NP ( CD 216 ) ( NNS pages ) ) ( NP ( CD 8.95 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Speculation as to the nature of aliens will no doubt continue until we wake up one morning to find they 've taken over The Today Show the way they overwhelm an entire town in Jack Finney 's Invasion of the Body Snatchers Fireside\/Simon & Schuster 216 pages 8.95


( S ( ADVP ( RB Maybe ) ) ( NP-SBJ-1 ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( JJ talk-show ) ( NNS hosts ) ( CC and ) ( NNS anchors ) ) ) ) ( VP ( VBP have ) ( ADVP-TMP ( RB already ) ) ( VP ( VBN been ) ( VP ( VBN taken ) ( PP-CLR ( IN over ) ) ) ) ) )

Maybe some of our talk-show hosts and anchors have already been taken over


( S ( NP-SBJ ( NP ( DT The ) ( NN point ) ) ( PP ( IN of ) ( NP ( NP ( DT this ) ( CD 1955 ) ( NN novel ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD spawned ) ( NP ( CD two ) ( NNS movies ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( JJ soulless ) ( NN pod ) ( NNS people ) ) ( VP ( VBN replicated ) ( PP ( IN by ) ( NP-LGS ( JJ alien ) ( NNS plants ) ) ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( RB virtually ) ( JJ indistinguishable ) ( PP ( IN from ) ( NP ( JJ human ) ( NNS folks ) ) ) ) ) ) ) ) )

The point of this 1955 novel which spawned two movies is that the soulless pod people replicated by alien plants are virtually indistinguishable from human folks


( S ( NP-SBJ ( NP ( DT Another ) ( NN guy ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ thinks ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP 're ) ( UCP-PRD ( ADVP-LOC ( IN out ) ( RB there ) ) ( CC and ) ( VP ( VBG closing ) ( ADVP-MNR ( RB fast ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NNP Whitley ) ( NNP Strieber ) ) ( SBAR ( WHNP-2 ( WHNP ( WP$ whose ) ( JJ new ) ( NN novel ) ) ( NP ( NP-TTL ( NNP Majestic ) ) ( PRN ( NP ( NNP Putnam ) ) ( NP ( CD 317 ) ( NNS pages ) ) ( NP ( CD 18.95 ) ) ) ) ) ( S ( VP ( VBZ takes ) ( NP ( NP ( DT a ) ( NN look ) ) ( PP ( IN at ) ( NP ( NP ( DT a ) ( VBN reported ) ( CD 1947 ) ( NNP UFO ) ( NN crash ) ) ( PP-LOC ( IN near ) ( NP ( NP ( DT the ) ( NNP Roswell ) ( NNP Army ) ( NNP Air ) ( NNP Field ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NNP New ) ( NNP Mexico ) ( NN desert ) ) ) ) ) ) ) ) ) ) ) ) ) )

Another guy who thinks they 're out there and closing fast is Whitley Strieber whose new novel Majestic Putnam 317 pages 18.95 takes a look at a reported 1947 UFO crash near the Roswell Army Air Field in a New Mexico desert


( S ( NP-SBJ ( NNP Mr. ) ( NNP Strieber ) ) ( VP ( VBZ knows ) ( NP ( NP ( DT a ) ( NN lot ) ) ( PP ( IN about ) ( NP ( NNS aliens ) ) ) ) ) )

Mr. Strieber knows a lot about aliens


( S ( NP-SBJ ( PRP He ) ) ( ADVP ( RB even ) ) ( VP ( VBD had ) ( NP-CLR ( NN sex ) ) ( PP-CLR ( IN with ) ( NP ( CD one ) ) ) ( PRN ( ADVP-MNR ( ADVP ( NN sort ) ( IN of ) ) ( CC and ) ( RB not ) ( ADVP ( RB intentionally ) ) ) ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ ( NNS readers ) ) ( VP ( VBD learned ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ his ) ( NX-TTL ( NNP Communion ) ) ) ( PRN ( NP ( NP ( DT a ) ( NN book ) ) ( VP ( ADVP-TMP ( RB recently ) ) ( VBN described ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Times ) ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( NN nonfiction ) ( JJS best ) ( NN seller ) ) ) ) ) ) ) ) ) ) ) ) )

He even had sex with one sort of and not intentionally as readers learned in his Communion a book recently described in the New York Times as a nonfiction best seller


( S ( NP-ADV ( NP ( DT The ) ( NN way ) ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Strieber ) ) ( VP ( VBZ tells ) ( NP ( PRP it ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ his ) ( JJ earnest ) ( NN prose ) ) ) ) ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NN intelligence ) ( NN officer ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD found ) ( NP ( NP ( DT the ) ( NN craft ) ( POS 's ) ) ( JJ strange ) ( NN debris ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN forced ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN government ) ) ) ( S ( VP ( TO to ) ( VP ( VB call ) ( S ( NP-SBJ ( DT the ) ( JJ flower-inscribed ) ( NNS scraps ) ) ( NP-PRD ( NP ( NNS parts ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN weather ) ( NN balloon ) ) ) ) ) ) ) ) ) ) )

The way Mr. Strieber tells it in his earnest prose the intelligence officer who found the craft 's strange debris was forced by the government to call the flower-inscribed scraps parts of a weather balloon


( S ( S ( NP-SBJ ( DT The ) ( JJ apparent ) ( NN crash ) ) ( VP ( VBD became ) ( ADJP-PRD ( JJ top ) ( NN secret ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( DT the ) ( NN alien ) ( NNS creatures ) ) ( VP ( VBD went ) ( ADVP-DIR ( RB away ) ) ( S-ADV ( ADJP-PRD ( VBN upset ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( JJ rude ) ( NNS ways ) ) ( PP ( IN of ) ( NP ( JJ human ) ( NNS beings ) ) ) ) ) ) ) ) ) )

The apparent crash became top secret and the alien creatures went away upset with the rude ways of human beings


( S ( NP-SBJ ( PRP We ) ) ( VP ( VBD lost ) ( NP ( PRP$ our ) ( NN chance ) ( S ( VP ( TO to ) ( VP ( VB communicate ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ sweet-natured ) ( NNS visitors ) ) ( ADJP ( NP-ADV ( QP ( IN about ) ( CD four ) ) ( NNS feet ) ) ( JJ tall ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD looked ) ( SBAR-CLR ( IN as ) ( IN though ) ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBN made ) ( PP-CLR ( IN of ) ( NP ( JJ puffed-up ) ( NN marshmallow ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

We lost our chance to communicate with sweet-natured visitors about four feet tall who looked as though they were made of puffed-up marshmallow


( S ( NP-SBJ ( NNP Mr. ) ( NNP Shiflett ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT an ) ( NN editorial ) ( NN writer ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNP Rocky ) ( NNP Mountain ) ( NNP News ) ) ) ) ) )

Mr. Shiflett is an editorial writer for the Rocky Mountain News


( SINV ( S-TPC-2 ( NP-SBJ ( NP ( NNP Ogilvy ) ( CC & ) ( NNP Mather ) ) ( SBAR ( WHNP-1 ( WP$ whose ) ( VBG declining ) ( NN profitability ) ) ( S ( VP ( VBD prompted ) ( NP ( NP ( PRP$ its ) ( NN takeover ) ) ( PP ( IN by ) ( NP ( NNP WPP ) ( NNP Group ) ) ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB see ) ( S ( NP-SBJ ( PRP$ its ) ( NN profit ) ( NNS margins ) ) ( VP ( VB bounce ) ( ADVP-CLR ( RB back ) ( PP ( TO to ) ( NP ( DT the ) ( ADJP ( CD 11.5 ) ( NN % ) ) ( NN range ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1990 ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Graham ) ( NNP Phillips ) ) ( NP ( NP ( DT the ) ( NN agency ) ( POS 's ) ) ( JJ new ) ( NN chairman-elect ) ) ) )

Ogilvy & Mather whose declining profitability prompted its takeover by WPP Group earlier this year will see its profit margins bounce back to the 11.5 % range in 1990 said Graham Phillips the agency 's new chairman-elect


( S ( S ( NP-SBJ ( NP ( DT The ) ( NN ad ) ( NN agency ) ( POS 's ) ) ( NN pretax ) ( NN profit ) ( NNS margins ) ) ( VP ( VBD were ) ( PP-PRD ( ADVP ( RB slightly ) ) ( IN under ) ( NP ( CD 10 ) ( NN % ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN time ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN takeover ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NNS analysts ) ) ) ) ) ) ( S ( NP-SBJ ( NP ( JJ London-based ) ( NNP WPP ) ( POS 's ) ) ( NN goal ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( TO to ) ( VP ( VB increase ) ( NP ( NNS margins ) ) ( PP-CLR ( TO to ) ( NP ( CD 12 ) ( NN % ) ) ) ) ) ) ) ) )

The ad agency 's pretax profit margins were slightly under 10 % at the time of the takeover according to analysts London-based WPP 's goal is to increase margins to 12 %


( S ( NP-SBJ ( NNP Mr. ) ( NNP Phillips ) ) ( VP ( VBD made ) ( NP ( PRP$ his ) ( NNS comments ) ) ( PP-TMP ( IN during ) ( NP ( NP ( DT an ) ( NN interview ) ) ( VP ( VBG detailing ) ( NP ( NP ( PRP$ his ) ( NNS plans ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN agency ) ) ) ) ) ) ) ) )

Mr. Phillips made his comments during an interview detailing his plans for the agency


( S ( S-ADV ( ADJP-PRD ( JJ British-born ) ) ) ( NP-SBJ-1 ( DT the ) ( JJ 24-year ) ( NNP Ogilvy ) ( NN veteran ) ) ( VP ( VBD was ) ( VP ( VBN named ) ( ADVP-TMP ( JJ last ) ( NN week ) ) ( S ( VP ( TO to ) ( VP ( VB succeed ) ( NP ( NP ( NNP Kenneth ) ( NNP Roman ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBZ is ) ( VP ( VBG leaving ) ( PP-TMP ( IN by ) ( NP ( NP ( NN year ) ( POS 's ) ) ( NN end ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB take ) ( NP ( NP ( DT a ) ( JJ top ) ( NN post ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP American ) ( NNP Express ) ) ( NP ( DT an ) ( NNP Ogilvy ) ( NN client ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

British-born the 24-year Ogilvy veteran was named last week to succeed Kenneth Roman who is leaving by year 's end to take a top post at American Express an Ogilvy client


( S ( S-ADV ( VP ( VBN Surrounded ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( NNS stacks ) ) ( PP ( IN of ) ( NP ( NN paper ) ) ) ) ( NP ( CD two ) ( NNS computers ) ) ( CC and ) ( NP ( NP ( NNS photos ) ) ( PP ( IN of ) ( NP ( NP ( PRP himself ) ) ( VP ( VBG boating ) ( CC and ) ( VBG flying ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Mr. ) ( NNP Phillips ) ) ( VP ( VBD laid ) ( PRT ( RP out ) ) ( NP ( NP ( JJ several ) ( NNS changes ) ) ( SBAR ( S ( NP-SBJ-3 ( PRP he ) ) ( VP ( VBZ hopes ) ( S ( VP ( TO to ) ( VP ( VB make ) ) ) ) ) ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN agency ) ) ) ) ) )

Surrounded by stacks of paper two computers and photos of himself boating and flying Mr. Phillips laid out several changes he hopes to make at the agency


( S ( ADVP ( RB First ) ( CC and ) ( RB foremost ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Phillips ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ hopes ) ( S ( VP ( TO to ) ( VP ( VB improve ) ( NP ( NN client ) ( NN service ) ) ) ) ) ) ) ) ) )

First and foremost Mr. Phillips said he hopes to improve client service


( S ( NP-SBJ-3 ( NP ( NNP Ogilvy ) ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( JJ fastidious ) ( NNP Mr. ) ( NNP Roman ) ) ) ) ( VP ( VBD gained ) ( NP ( DT a ) ( NN reputation ) ) ( PP-CLR ( PP ( IN as ) ( S-NOM ( ADVP-TMP ( RB occasionally ) ) ( VP ( VBG being ) ( ADJP-PRD ( JJ high-handed ) ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ its ) ( NN treatment ) ) ( PP ( IN of ) ( NP ( NNS clients ) ) ) ) ) ) ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG preaching ) ( SBAR-NOM ( WHNP-1 ( WDT what ) ( NN strategy ) ) ( S ( NP-SBJ ( DT a ) ( NN client ) ) ( VP ( VP ( MD should ) ) ( PRN ( ADVP ( RB indeed ) ) ( VP ( MD must ) ) ) ( VP-2 ( VB follow ) ) ) ) ) ) ) ) ) ) )

Ogilvy under the fastidious Mr. Roman gained a reputation as occasionally being high-handed in its treatment of clients of preaching what strategy a client should indeed must follow


( S ( CC And ) ( NP-SBJ-1 ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ top ) ( JJ client-service ) ( NNS executives ) ) ) ( PP ( VBG including ) ( NP ( NNP Mr. ) ( NNP Phillips ) ) ) ) ( VP ( VBD were ) ( VP ( VBN promoted ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN point ) ) ( SBAR ( S ( NP-SBJ-2 ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBN saddled ) ( PP-CLR ( IN with ) ( NP ( JJ administrative ) ( NNS duties ) ) ) ( PP ( IN with ) ( NP ( NP ( JJ little ) ( NN time ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB see ) ( NP ( NNS clients ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

And some of its top client-service executives including Mr. Phillips were promoted to the point they were saddled with administrative duties with little time to see clients


( S ( CC But ) ( NP-SBJ-1 ( NNP Mr. ) ( NNP Phillips ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD freed ) ( NP ( PRP himself ) ) ( PRT ( RP up ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB spend ) ( NP ( JJR more ) ( NN time ) ) ( PP-MNR ( IN with ) ( NP ( NNS clients ) ) ) ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG delegating ) ( NP ( NP ( JJ much ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( JJ administrative ) ( NN work ) ) ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( NN deputy ) ) ) ) ) ) ) )

But Mr. Phillips recently freed himself up to spend more time with clients by delegating much of his administrative work to a deputy


( S ( NP-SBJ-1 ( PRP He ) ) ( ADVP ( RB also ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB get ) ( S ( VP ( TO to ) ( VP ( VB know ) ( NP ( NP ( NNS clients ) ) ( SBAR ( WHNP-3 ( IN that ) ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Roman ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJR closer ) ( PP ( TO to ) ) ) ) ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNP Lever ) ( NNPS Brothers ) ) ( NP ( NNP American ) ( NNP Express ) ) ( CC and ) ( NP ( NNP Seagram ) ) ) ) ) ) ) ) ) ) ) ) )

He also plans to get to know clients that Mr. Roman was closer to such as Lever Brothers American Express and Seagram


( S ( NP-SBJ-1 ( DT The ) ( CD two ) ( NNS men ) ) ( VP ( VBP are ) ( VP ( VBG planning ) ( NP ( NP ( JJ joint ) ( NNS visits ) ) ( PP ( TO to ) ( NP ( NP ( DT a ) ( NN number ) ) ( PP ( IN of ) ( NP ( NNS clients ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB attempt ) ( S ( VP ( TO to ) ( VP ( ADVP-MNR ( RB smoothly ) ) ( VB hand ) ( PRT ( RP over ) ) ( NP ( DT the ) ( NNS reins ) ) ) ) ) ) ) ) ) ) )

The two men are planning joint visits to a number of clients to attempt to smoothly hand over the reins


( S ( S-TPC-1 ( NP-SBJ-2 ( NNS Clients ) ) ( VP ( VBP want ) ( S ( VP ( TO to ) ( VP ( VB see ) ( NP ( NP ( JJR more ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ our ) ( JJ senior ) ( NNS people ) ) ( VP ( VBN involved ) ( PP-CLR ( IN in ) ( NP ( DT the ) ( NN business ) ) ) ) ) ) ) ( UCP-TMP ( RB not ) ( ADVP ( ADVP ( IN once ) ) ( NP-ADV ( DT a ) ( NN month ) ) ) ( CC but ) ( NP ( NP ( QP ( CD two ) ( CC or ) ( CD three ) ) ( NNS times ) ) ( NP-ADV ( DT a ) ( NN week ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

Clients want to see more of our senior people involved in the business not once a month but two or three times a week he said


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Phillips ) ) ( ADVP ( RB also ) ) ( VP ( VBZ hopes ) ( S ( VP ( TO to ) ( ADVP-TMP ( RB finally ) ) ( VP ( VB implement ) ( NP ( NP ( DT a ) ( NN reorganization ) ) ( VP ( VP ( VBN announced ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ( CC but ) ( VP ( VBN put ) ( PP-PUT ( IN on ) ( NP ( NN hold ) ) ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP WPP ) ( NN takeover ) ) ) ) ) ) ) ) ) ) )

Mr. Phillips also hopes to finally implement a reorganization announced earlier this year but put on hold by the WPP takeover


( S ( NP-SBJ-1 ( DT The ) ( NN reorganization ) ) ( VP ( VBZ is ) ( VP ( VBN supposed ) ( S ( VP ( TO to ) ( VP ( VB make ) ( S ( NP-SBJ ( NP ( JJ one-stop ) ( NN shopping ) ) ( PRN ( NP ( S-NOM ( VP ( VBG buying ) ( NP ( NP ( NP ( NN advertising ) ) ( NP ( JJ public ) ( NNS relations ) ) ( CC and ) ( NP ( NN design ) ) ) ) ( DT all ) ( PP-LOC ( IN in ) ( NP ( CD one ) ( NN place ) ) ) ) ) ( CC or ) ( NP ( NP ( NNP Ogilvy ) ( NNP Orchestration ) ) ( PP ( IN in ) ( NP ( NNP Ogilvyspeak ) ) ) ) ) ) ) ( NP-PRD ( DT a ) ( NN reality ) ) ) ) ) ) ) ) )

The reorganization is supposed to make one-stop shopping buying advertising public relations and design all in one place or Ogilvy Orchestration in Ogilvyspeak a reality


( S ( PP-LOC ( IN Under ) ( NP ( DT the ) ( NN reorganization ) ) ) ( NP-SBJ-1 ( NNP Ogilvy ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB name ) ( NP ( NP ( CD one ) ( NN executive ) ) ( PP-LOC ( IN on ) ( NP ( DT each ) ( NN account ) ) ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( NN client ) ( NN service ) ( NN director ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB work ) ( PP-CLR ( IN as ) ( NP ( NP ( NP ( DT the ) ( NN client ) ( POS 's ) ) ( JJ single ) ( NN contact ) ) ( PP ( IN for ) ( NP ( PDT all ) ( DT those ) ( NNS services ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Under the reorganization Ogilvy plans to name one executive on each account as a client service director to work as the client 's single contact for all those services


( S ( S-TPC-2 ( S ( NP-SBJ ( EX There ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( ADJP ( JJ little ) ( CC or ) ( DT no ) ) ( NN integration ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( NN work ) ) ) ) ) ) ( S ( NP-SBJ ( NN quality ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ spotty ) ) ) ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( DT no ) ( JJ single ) ( NN focus ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Phillips ) ) ( VP ( VBD complained ) ( PP-CLR ( TO to ) ( NP ( NNS staffers ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( NNP March ) ) ( SBAR ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ-1 ( DT the ) ( NN reorganization ) ) ( VP ( VBD was ) ( VP ( VBN announced ) ) ) ) ) ) ) ) )

There is little or no integration of our work quality is spotty there is no single focus Mr. Phillips complained to staffers in March when the reorganization was announced


( S ( ADVP-TMP ( RB Now ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Phillips ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ hopes ) ( S ( VP ( TO to ) ( VP ( VB have ) ( S ( NP-SBJ ( DT the ) ( JJ new ) ( NN system ) ) ( PP-LOC-PRD ( IN in ) ( NP ( NN place ) ) ) ) ( PP ( IN for ) ( NP ( NP ( JJ several ) ( NNS clients ) ) ( PP ( VBG including ) ( NP ( NP ( NNP American ) ( NNP Express ) ) ( NP ( NNP American ) ( NNP Telephone ) ( CC & ) ( NNP Telegraph ) ) ( CC and ) ( NP ( NNP Ryder ) ) ) ) ) ) ( PP-TMP ( IN by ) ( NP ( NP ( NN year ) ( POS 's ) ) ( NN end ) ) ) ) ) ) ) ) ) ) )

Now Mr. Phillips says he hopes to have the new system in place for several clients including American Express American Telephone & Telegraph and Ryder by year 's end


( S ( NP-SBJ-1 ( NN Industry ) ( NNS executives ) ( CC and ) ( NNS analysts ) ) ( VP ( VBP are ) ( VP ( VBN divided ) ( PP-CLR ( IN on ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Phillips ) ) ( VP ( VBZ is ) ( PP-PRD ( IN up ) ( PP ( TO to ) ( NP ( DT the ) ( NN task ) ) ) ) ) ) ) ) ) ) )

Industry executives and analysts are divided on whether Mr. Phillips is up to the task


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ well-known ) ( PP ( TO to ) ( NP ( NNS clients ) ) ) ) ( SBAR ( IN as ) ( SINV ( VP ( VBZ is ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Roman ) ) ) ) ) ) )

He is n't as well-known to clients as is Mr. Roman


( S ( PP-LOC ( IN Under ) ( NP ( PRP$ his ) ( NN watch ) ) ) ( S ( NP-SBJ ( NN office ) ( NN politicking ) ) ( VP ( VBD was ) ( ADVP-TMP ( RB often ) ) ( ADJP-PRD ( JJ rampant ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN agency ) ( POS 's ) ) ( NNP New ) ( NNP York ) ( NN operation ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( DT the ) ( NN office ) ) ( ADVP-LOC ( RB there ) ) ) ( VP ( VBZ has ) ( VP ( VBN had ) ( NP ( DT a ) ( JJ dismal ) ( NN new-business ) ( NN record ) ) ( PP-TMP ( IN for ) ( NP ( NP ( JJR more ) ) ( PP ( IN than ) ( NP ( DT a ) ( NN year ) ) ) ) ) ) ) ) )

Under his watch office politicking was often rampant in the agency 's New York operation and the office there has had a dismal new-business record for more than a year


( SINV ( S-TPC-3 ( CC And ) ( SBAR-ADV ( IN while ) ( S ( NP-TMP ( JJ last ) ( NN week ) ) ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( VBD hired ) ( NP ( NP ( DT a ) ( JJ top ) ( NNP Chiat\/Day\/Mojo ) ( NN executive ) ) ( NP ( NNP Bill ) ( NNP Hamilton ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB try ) ( S ( VP ( TO to ) ( VP ( VB bolster ) ( NP ( PRP$ its ) ( NN work ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Graham ) ) ( VP ( VBZ has ) ( S ( VP ( TO to ) ( VP ( VB get ) ( S ( NP-SBJ ( NP ( DT the ) ( NN revenue ) ) ( PP ( IN of ) ( NP ( DT that ) ( NNP New ) ( NNP York ) ( NN office ) ) ) ) ( VP ( VBG moving ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP James ) ( NNP Dougherty ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN with ) ( NP ( NNP County ) ( NNP NatWest ) ( NNPS Securities ) ) ) ) ) )

And while last week the agency hired a top Chiat\/Day\/Mojo executive Bill Hamilton to try to bolster its work Graham has to get the revenue of that New York office moving says James Dougherty an analyst with County NatWest Securities


( S ( NP-SBJ ( NP ( DT The ) ( CD one ) ( NN thing ) ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Phillips ) ) ( ADVP ( RB clearly ) ) ( VP ( VBZ does ) ( VP ( VB have ) ) ) ) ) ( VP ( VBG going ) ( PP-CLR ( IN for ) ( NP ( PRP him ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NN continuity ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( JJ certain ) ) ( SBAR-2 ( IN if ) ( S ( NP-SBJ ( DT that ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( RB enough ) ) ) ) ) ) ) ) ) ) )

The one thing Mr. Phillips clearly does have going for him is continuity although it is n't certain if that will be enough


( S ( SBAR-ADV ( IN As ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Dougherty ) ) ( VP ( VBZ says ) ) ) ) ( S ( NP-SBJ ( NP ( DT The ) ( JJ last ) ( NN thing ) ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP need ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( JJ enormous ) ( NN disruption ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN top ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNP Graham ) ) ( VP ( VBZ is ) ( ADVP ( RB obviously ) ) ( NP-PRD ( NP ( DT a ) ( JJ long-term ) ( NN member ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Ogilvy ) ( NNP Mafia ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP call ) ( S ( NP-SBJ ( PRP it ) ) ) ) ) ) ) ) ) ) ) )

As Mr. Dougherty says The last thing they need is enormous disruption at the top and Graham is obviously a long-term member of the Ogilvy Mafia as we call it


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Phillips ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Roman ) ) ) ( VP ( VBP are ) ( ADVP ( RB indeed ) ) ( ADJP-PRD ( RB quite ) ( JJ similar ) ( PP ( PP ( IN in ) ( NP ( NN substance ) ) ) ( CONJP ( IN if ) ( RB not ) ) ( PP ( IN in ) ( NP ( NN style ) ) ) ) ) ) )

Mr. Phillips and Mr. Roman are indeed quite similar in substance if not in style


( S ( SBAR-ADV ( IN While ) ( S ( NP-SBJ ( NNP Mr. ) ( NNP Roman ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( NN workaholic ) ( NN detailsman ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Phillips ) ) ( VP ( MD would ) ( ADVP ( RB rather ) ) ( VP ( VB delegate ) ( S-ADV ( VP ( VBG leaving ) ( NP ( PRP him ) ) ( NP ( NP ( NN time ) ) ( PP ( IN for ) ( NP ( NP ( PRP$ his ) ( NNS interests ) ) ( PP-LOC ( IN outside ) ( NP ( DT the ) ( NN office ) ) ) ) ) ) ) ) ) ) )

While Mr. Roman is a workaholic detailsman Mr. Phillips would rather delegate leaving him time for his interests outside the office


( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Roman ) ) ( PP ( IN by ) ( NP ( NN contrast ) ) ) ( VP ( VBZ seems ) ( S ( ADVP-TMP ( RB rarely ) ) ( VP ( TO to ) ( VP ( VB cut ) ( ADVP-CLR ( JJ loose ) ) ( ADVP ( IN at ) ( DT all ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBD did ) ( VP ( VB appear ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Ogilvy ) ( POS 's ) ) ( NNP Halloween ) ( NN party ) ) ) ( NP-TMP ( NNP Friday ) ) ( S-ADV ( VP ( VBN decked ) ( PRT ( RP out ) ) ( PP-CLR ( IN in ) ( NP ( NP ( NN duck ) ( NNS feet ) ) ( CC and ) ( NP ( DT a ) ( NN duck ) ( NN hat ) ) ) ) ( S-ADV ( VP ( VBN costumed ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( JJ lame ) ( NN duck ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Roman by contrast seems rarely to cut loose at all although he did appear at Ogilvy 's Halloween party Friday decked out in duck feet and a duck hat costumed as a lame duck


( S ( NP-SBJ ( NNP Mr. ) ( NNP Phillips ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( VBN expected ) ( NN margin ) ( NN improvement ) ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( DT all ) ( CC but ) ( JJ inevitable ) ) ( PP ( VBN given ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN profitability ) ) ( VP ( VBD was ) ( VP ( VBN dragged ) ( PRT ( RP down ) ) ( NP-TMP ( DT this ) ( NN year ) ) ( PP ( IN by ) ( NP-LGS ( NP ( DT an ) ( JJ expensive ) ( NN move ) ) ( PP ( TO to ) ( NP ( JJ luxurious ) ( JJ oversized ) ( JJ new ) ( NNP New ) ( NNP York ) ( NN headquarters ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Phillips said the company 's expected margin improvement will be all but inevitable given that the company 's profitability was dragged down this year by an expensive move to luxurious oversized new New York headquarters


( S ( S-TPC-1 ( NP-SBJ ( NP ( DT The ) ( NN move ) ) ( VP ( VBN budgeted ) ( PP-CLR ( IN at ) ( NP ( QP ( IN about ) ( CD 7 ) ( CD million ) ) ) ) ) ) ( ADVP ( RB actually ) ) ( VP ( VBD came ) ( PRT ( RP in ) ) ( PP-CLR ( IN at ) ( NP ( QP ( IN about ) ( CD 10 ) ( CD million ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

The move budgeted at about 7 million actually came in at about 10 million he said


( S ( CC But ) ( NP-SBJ-1 ( NNS margins ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN helped ) ( ADVP ( RB too ) ) ( PP ( IN by ) ( NP-LGS ( DT some ) ( JJ other ) ( JJ cost-saving ) ( NNS steps ) ) ) ) ) ) )

But margins will be helped too by some other cost-saving steps


( S ( NP-SBJ ( NNP Ogilvy ) ) ( VP ( VP ( VBD eliminated ) ( NP ( DT the ) ( NN mail ) ( NN room ) ( NN staff ) ) ) ( VP ( VBD closed ) ( NP ( DT the ) ( NN executive ) ( NN dining ) ( NN room ) ) ) ( CC and ) ( VP ( PP-TMP ( IN after ) ( NP ( DT the ) ( NN takeover ) ) ) ( VBD let ) ( S ( VP ( VB go ) ) ( NP-SBJ ( QP ( PDT half ) ( DT a ) ( NN dozen ) ) ( JJ financial ) ( NNS executives ) ) ) ) ) )

Ogilvy eliminated the mail room staff closed the executive dining room and after the takeover let go half a dozen financial executives


( S ( NP-SBJ-2 ( NP ( NNP WPP ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ assumes ) ( NP ( NP ( JJ financial ) ( NN control ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS businesses ) ) ) ) ( PP-MNR ( IN in ) ( NP ( DT a ) ( JJ hands-on ) ( NN way ) ) ) ) ) ) ) ( VP ( VP ( VBD instituted ) ( NP ( DT a ) ( JJ new ) ( JJ financial ) ( NN system ) ) ) ( CC and ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB sublet ) ( NP ( NP ( DT some ) ( NNS floors ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Ogilvy ) ( POS 's ) ) ( JJ new ) ( NN headquarters ) ( NN building ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NNS outsiders ) ) ) ) ) ) ) ) )

WPP which assumes financial control of its businesses in a hands-on way instituted a new financial system and plans to sublet some floors in Ogilvy 's new headquarters building to outsiders


( S ( NP-SBJ ( DT The ) ( NN fact ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN agency ) ) ( VP ( MD will ) ( ADVP-TMP ( RB now ) ) ( VP ( VB be ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT a ) ( NNP U.K. ) ( NN company ) ) ) ) ( PP-LOC ( IN under ) ( NP ( JJ British ) ( NN accounting ) ( NNS rules ) ) ) ) ) ) ) ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VB make ) ( S ( NP-SBJ ( DT the ) ( NN profit ) ( NN picture ) ) ( VP ( VB look ) ( ADJP-PRD ( RB better ) ) ) ) ) ) )

The fact that the agency will now be part of a U.K. company under British accounting rules will also make the profit picture look better


( S-HLN ( NP-SBJ ( NP ( NNP Y&R ) ( POS 's ) ) ( NNP Klein ) ) ( VP ( VBZ Steps ) ( ADVP-CLR ( RB Down ) ) ) )

Y&R 's Klein Steps Down


( S ( NP-SBJ ( NP ( NNP Arthur ) ( NNP Klein ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Young ) ( CC & ) ( NNP Rubicam ) ( POS 's ) ) ( NNP New ) ( NNP York ) ( NN office ) ) ) ) ) ( VP ( VBD stepped ) ( ADVP-CLR ( RB down ) ) ( ADVP-TMP ( RB temporarily ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN wake ) ) ( PP ( IN of ) ( NP ( NP ( NNS charges ) ) ( PP ( IN by ) ( NP ( NP ( DT a ) ( JJ federal ) ( JJ grand ) ( NN jury ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP New ) ( NNP Haven ) ) ( NP ( NNP Conn. ) ) ) ) ) ) ( SBAR-2 ( IN that ) ( S ( NP-SBJ-1 ( NP ( PRP he ) ) ( NP ( DT the ) ( NN agency ) ) ( CC and ) ( NP ( DT another ) ( JJ top ) ( NN executive ) ) ) ( VP ( VBD bribed ) ( NP ( JJ Jamaican ) ( NN tourist ) ( NNS officials ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB win ) ( NP ( PRP$ its ) ( NN account ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1981 ) ) ) ) ) ) ) ) ) ) ) )

Arthur Klein president of Young & Rubicam 's New York office stepped down temporarily in the wake of charges by a federal grand jury in New Haven Conn. that he the agency and another top executive bribed Jamaican tourist officials to win its account in 1981


( S ( PP-LOC ( IN In ) ( NP ( DT an ) ( JJ internal ) ( NN memo ) ) ) ( NP-SBJ ( NP ( NNP Alex ) ( NNP Kroll ) ) ( NP ( NP ( DT the ) ( NN agency ) ( POS 's ) ) ( NN chairman ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Klein ) ) ( VP ( VBD decided ) ( S ( VP ( TO to ) ( VP ( VB remove ) ( NP ( PRP himself ) ) ) ) ) ( S-PRP ( S ( VP ( TO to ) ( VP ( VB minimize ) ( NP ( NP ( JJ negative ) ( NN reaction ) ) ( PP ( IN from ) ( NP ( NP ( JJ prospective ) ( NNS clients ) ) ( CC and ) ( NP ( NNS others ) ) ) ) ) ) ) ) ( CC and ) ( S ( VP ( TO to ) ( VP ( VB prepare ) ( PP-CLR ( IN for ) ( NP ( PRP$ his ) ( NN defense ) ) ) ) ) ) ) ) ) ) ) )

In an internal memo Alex Kroll the agency 's chairman said Mr. Klein decided to remove himself to minimize negative reaction from prospective clients and others and to prepare for his defense


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN fact ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( NP ( DT the ) ( NN process ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG defending ) ( NP ( PRP himself ) ) ( PP-CLR ( IN against ) ( NP ( DT the ) ( JJ present ) ( NNS charges ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( MD could ) ( ADVP ( RB conceivably ) ) ( VP ( VB have ) ( NP-CLR ( DT an ) ( JJ adverse ) ( NN impact ) ) ( PP-CLR ( IN on ) ( NP ( NNP Y&R ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Kroll ) ) ( VP ( VBD wrote ) ) )

The fact that he is in the process of defending himself against the present charges could conceivably have an adverse impact on Y&R Mr. Kroll wrote


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP Mr. ) ( NNP Klein ) ) ( VP ( MD will ) ( VP ( VB return ) ( PP-DIR ( TO to ) ( NP ( PRP$ his ) ( NN post ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN trial ) ) ( SBAR ( WHPP-2 ( IN at ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN vindicated ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

He said Mr. Klein will return to his post at the end of the trial at which he will be vindicated


( S ( NP-SBJ ( NNP Mr. ) ( NNP Klein ) ) ( VP ( MD will ) ( VP ( VB work ) ( PP-CLR ( IN with ) ( NP ( NNP Mr. ) ( NNP Kroll ) ) ) ( PP-CLR ( IN on ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN agency ) ( POS 's ) ) ( NX ( NX ( JJ joint ) ( NN venture ) ( NNS activities ) ) ( CC and ) ( NX ( NNS acquisitions ) ) ) ) ) ) ) ( SBAR-TMP ( IN while ) ( S ( NP-SBJ ( DT the ) ( NN case ) ) ( VP ( VBZ is ) ( ADJP-PRD ( VBG pending ) ) ) ) ) ) ) )

Mr. Klein will work with Mr. Kroll on some of the agency 's joint venture activities and acquisitions while the case is pending


( S ( NP-SBJ ( NP ( NNP Peter ) ( NNP Georgescu ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Y&R ) ( POS 's ) ) ( NN ad ) ( NNS operations ) ) ) ) ) ( VP ( MD will ) ( VP ( VB assume ) ( NP ( NP ( NNP Mr. ) ( NNP Klein ) ( POS 's ) ) ( JJ day-to-day ) ( NN role ) ) ) ) )

Peter Georgescu president of Y&R 's ad operations will assume Mr. Klein 's day-to-day role


( NP-HLN ( NP ( NNP Wells ) ( NNP Rich ) ( POS 's ) ) ( NNP New ) ( NNP Partner ) )

Wells Rich 's New Partner


( S ( NP-SBJ ( NNP Wells ) ( NNP Rich ) ( NNP Greene ) ) ( VP ( VBD named ) ( NP ( NNP Cheryl ) ( NNP Heller ) ) ( PP-CLR ( IN as ) ( NP ( DT an ) ( NX ( NX ( NX ( JJ executive ) ( NN vice ) ( NN president ) ) ) ( CC and ) ( NX ( NX ( JJ creative ) ( NN partner ) ) ) ( PP-LOC-2 ( IN in ) ( NP ( NP ( PRP$ its ) ( NN image ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ concentrates ) ( PP-CLR ( IN on ) ( NP ( NN fashion ) ( CC and ) ( ADJP ( RB visually ) ( VBN oriented ) ) ( NN advertising ) ) ) ) ) ) ) ) ) ) ) ) )

Wells Rich Greene named Cheryl Heller as an executive vice president and creative partner in its image group which concentrates on fashion and visually oriented advertising


( S ( NP-SBJ ( NP ( NNP Ms. ) ( NNP Heller ) ) ( NP ( CD 38 ) ) ) ( VP ( VBD had ) ( VP ( VBN headed ) ( PRT ( RP up ) ) ( NP ( NP ( NNP Boston ) ( NN agency ) ( NNP Heller\/Breene ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP WCRS ) ) ) ) ) ) ) )

Ms. Heller 38 had headed up Boston agency Heller\/Breene a unit of WCRS


( S ( S-TPC-2 ( NP-SBJ-1 ( DT The ) ( NN agency ) ) ( PP ( IN with ) ( NP ( NP ( QP ( IN about ) ( CD 35 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS billings ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN dissolved ) ( SBAR-ADV ( IN with ) ( S ( NP-SBJ ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS staffers ) ) ) ) ( VP ( VBN absorbed ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( NNP WCRS ) ( POS 's ) ) ( NNP Della ) ( NNP Femina ) ( NNP McNamee ) ( NN unit ) ) ( PP-LOC ( IN in ) ( NP ( NNP Boston ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Ms. ) ( NNP Heller ) ) ( VP ( VBD said ) ) )

The agency with about 35 million in billings will be dissolved with some of its staffers absorbed by WCRS 's Della Femina McNamee unit in Boston Ms. Heller said


( S ( NP-SBJ ( PRP She ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( ADJP-PRD ( RB too ) ( JJ early ) ( S ( VP ( TO to ) ( VP ( VB say ) ( SBAR ( WHNP-1 ( WP what ) ) ( S ( VP ( MD would ) ( VP ( VB happen ) ( PP-CLR ( TO to ) ( NP ( NP ( PRP$ its ) ( NNS clients ) ) ( PP ( VBG including ) ( NP ( NNP Reebok ) ( CC and ) ( NNP Apple ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

She said it was too early to say what would happen to its clients including Reebok and Apple


( S ( PP-LOC ( IN At ) ( NP ( NNP Wells ) ( NNP Rich ) ) ) ( NP-SBJ ( NNP Ms. ) ( NNP Heller ) ) ( VP ( MD will ) ( VP ( VB concentrate ) ( PP-CLR ( IN on ) ( NP ( NP ( NNS accounts ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP include ) ( NP ( NP ( NP ( NNP Philip ) ( NNP Morris ) ( POS 's ) ) ( NNP Benson ) ( CC & ) ( NNP Hedges ) ( NN cigarette ) ( NN brand ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ relies ) ( PP-CLR ( IN on ) ( NP ( NP ( NN print ) ( NNS ads ) ) ( NP ( NP ( NNP Ms. ) ( NNP Heller ) ( POS 's ) ) ( NN specialty ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

At Wells Rich Ms. Heller will concentrate on accounts that include Philip Morris 's Benson & Hedges cigarette brand which relies on print ads Ms. Heller 's specialty


( S ( SBAR-ADV ( IN As ) ( S ( ADVP-TMP ( RB previously ) ) ( VP ( VBN reported ) ) ) ) ( NP-SBJ ( DT the ) ( NN account ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ troubled ) ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NNP Philip ) ( NNP Morris ) ) ( VP ( VBG asking ) ( S ( NP-SBJ-2 ( NP ( NNP Backer ) ( NNP Spielvogel ) ( NNP Bates ) ) ( NP ( NNP Ogilvy ) ( CC & ) ( NNP Mather ) ) ( CC and ) ( ADVP ( RB possibly ) ) ( NP ( NNS others ) ) ) ( VP ( TO to ) ( VP ( VB try ) ( NP-CLR ( PRP$ their ) ( NN hand ) ) ( PP-CLR ( IN at ) ( S-NOM ( VP ( VBG developing ) ( NP ( JJ new ) ( JJ creative ) ( NN work ) ) ) ) ) ) ) ) ) ) ) ) )

As previously reported the account is troubled with Philip Morris asking Backer Spielvogel Bates Ogilvy & Mather and possibly others to try their hand at developing new creative work


( S ( NP-SBJ-1 ( NNP Wells ) ( NNP Rich ) ) ( VP ( VBD declined ) ( S ( VP ( TO to ) ( VP ( VB comment ) ( PP-CLR ( IN on ) ( NP ( NP ( DT the ) ( NN status ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN account ) ) ) ) ) ) ) ) ( SBAR-ADV ( IN as ) ( SINV ( VP ( VBD did ) ) ( NP-SBJ ( DT the ) ( JJ other ) ( NNS agencies ) ) ) ) ) )

Wells Rich declined to comment on the status of the account as did the other agencies


( S ( NP-SBJ ( NP ( NNP General ) ( NNPS Motors ) ( NNP Corp. ) ( POS 's ) ) ( NNP GMC ) ( NNP Truck ) ( NN division ) ) ( VP ( VBD put ) ( NP ( DT a ) ( ADJP ( CD 750 ) ) ( NN cash ) ( NN incentive ) ) ( PP-CLR ( IN on ) ( NP ( PRP$ its ) ( CD 1990 ) ( JJ full-sized ) ( NNP Jimmy ) ( CC and ) ( NNP Suburban ) ( NNS trucks ) ) ) ) )

General Motors Corp. 's GMC Truck division put a 750 cash incentive on its 1990 full-sized Jimmy and Suburban trucks


( S ( NP-SBJ ( NP ( DT The ) ( NN program ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ runs ) ( PP-TMP ( IN through ) ( NP ( NNP Jan. ) ( CD 4 ) ) ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBZ offers ) ( NP ( JJ low-rate ) ( NN financing ) ) ( PP ( IN in ) ( NP ( NP ( NN lieu ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN cash ) ( NN rebate ) ) ) ) ) ) )

The program which runs through Jan. 4 also offers low-rate financing in lieu of the cash rebate


( S ( PP-LOC ( IN In ) ( NP ( NP ( DT the ) ( JJ second ) ( NN step ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN reorganization ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD began ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Boeing ) ( NNP Co. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB create ) ( NP ( NP ( DT a ) ( NNP Defense ) ( CC and ) ( NNP Space ) ( NNP Group ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB consolidate ) ( NP ( JJ several ) ( NNS divisions ) ) ) ) ) ) ) ) ) ) ) ) )

In the second step of a reorganization that began earlier this year Boeing Co. said it will create a Defense and Space Group to consolidate several divisions


( S ( ADVP-TMP ( RB Meanwhile ) ) ( NP-SBJ ( NP ( NNP Boeing ) ( NNS officials ) ) ( CC and ) ( NP ( NP ( NNS representatives ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS Machinists ) ( NN union ) ) ) ) ) ( VP ( VBD met ) ( ADVP-MNR ( RB separately ) ) ( NP-TMP ( JJ last ) ( NN night ) ) ( PP-CLR ( IN with ) ( NP ( DT a ) ( JJ federal ) ( NN mediator ) ) ) ( PP-LOC ( IN in ) ( NP ( DT an ) ( NN attempt ) ( S ( VP ( TO to ) ( VP ( VB break ) ( NP ( NP ( DT the ) ( JJ month-old ) ( NN strike ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN shut ) ( NP ( NP ( DT the ) ( NN aerospace ) ( NN giant ) ( POS 's ) ) ( NN assembly ) ( NNS lines ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT a ) ( NN time ) ) ( SBAR ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( NP ( NP ( DT an ) ( ADJP ( QP ( CD 80 ) ( CD billion ) ) ) ( NN backlog ) ) ( PP ( IN of ) ( NP ( NN jetliner ) ( NNS orders ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Meanwhile Boeing officials and representatives of the Machinists union met separately last night with a federal mediator in an attempt to break the month-old strike that has shut the aerospace giant 's assembly lines at a time when it has an 80 billion backlog of jetliner orders


( S ( NP-SBJ-1 ( DT The ) ( CD two ) ( NNS sides ) ) ( VP ( VBD were ) ( VP ( VBN scheduled ) ( S ( VP ( TO to ) ( VP ( VB meet ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN mediator ) ) ) ( NP-TMP ( DT this ) ( NN morning ) ) ) ) ) ) ) )

The two sides were scheduled to meet with the mediator this morning


( S ( NP-SBJ ( NNS Machinists ) ) ( ADVP-TMP ( RB already ) ) ( VP ( VBP have ) ( VP ( VBN rejected ) ( NP ( NP ( DT a ) ( NN package ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB provide ) ( NP ( NP ( DT a ) ( ADJP ( CD 10 ) ( NN % ) ) ( NN pay ) ( NN raise ) ) ( CC plus ) ( NP ( NNS bonuses ) ) ) ( PP-TMP ( IN over ) ( NP ( NP ( DT the ) ( JJ three-year ) ( NN life ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN contract ) ) ) ) ) ) ) ) ) ) ) ) )

Machinists already have rejected a package that would provide a 10 % pay raise plus bonuses over the three-year life of the contract


( S ( S ( NP-SBJ ( NNP Boeing ) ) ( VP ( VBZ has ) ( VP ( VBN said ) ( ADVP-TMP ( RB repeatedly ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB expand ) ( NP ( PRP$ its ) ( NN offer ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NNS machinists ) ) ( VP ( VBP have ) ( VP ( VBN responded ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN offer ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( JJ good ) ( RB enough ) ) ) ) ) ) ) ) )

Boeing has said repeatedly it wo n't expand its offer and the machinists have responded that the offer is n't good enough


( S ( ADVP ( RB However ) ) ( NP-SBJ ( NP ( DT the ) ( NN resolve ) ) ( PP ( IN of ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ striking ) ( CD 57,000 ) ( NNS machinists ) ) ) ) ) ) ( VP ( MD might ) ( VP ( VB be ) ( VP ( VBG weakening ) ) ) ) )

However the resolve of some of the striking 57,000 machinists might be weakening


( S ( NP-SBJ ( QP ( IN About ) ( CD 1,000 ) ) ( NNS strikers ) ) ( VP ( VBD signed ) ( NP-1 ( NNS petitions ) ) ( NP-TMP ( JJ last ) ( NN week ) ) ( S-ADV ( VP ( VBG calling ) ( SBAR-CLR ( IN for ) ( S ( NP-SBJ ( NP ( NNP Boeing ) ) ( CC and ) ( NP ( NNPS Machinists ) ( NNS representatives ) ) ) ( VP ( TO to ) ( VP ( VB schedule ) ( NP ( JJ new ) ( NNS meetings ) ) ) ) ) ) ) ) ) )

About 1,000 strikers signed petitions last week calling for Boeing and Machinists representatives to schedule new meetings


( S ( NP-SBJ ( DT The ) ( CD two ) ( NNS sides ) ) ( VP ( VBD had ) ( RB n't ) ( VP ( VBN met ) ( PP-TMP ( IN since ) ( NP ( NNP Oct. ) ( CD 18 ) ) ) ) ) )

The two sides had n't met since Oct. 18


( S ( SBAR-ADV ( IN While ) ( S ( NP-SBJ ( NP ( NNP Boeing ) ( POS 's ) ) ( JJ commercial ) ( NN business ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ booming ) ) ) ) ) ( NP-SBJ ( PRP$ its ) ( JJ military ) ( NN business ) ) ( VP ( VBZ is ) ( VP ( VBG feeling ) ( NP-PRD ( NP ( DT the ) ( NNS effects ) ) ( PP ( IN of ) ( NP ( DT a ) ( VBG declining ) ( NN defense ) ( NN budget ) ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( DT a ) ( JJ strong ) ( NN buildup ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( JJ Reagan ) ( NN presidency ) ) ) ) ) ) ) )

While Boeing 's commercial business is booming its military business is feeling the effects of a declining defense budget after a strong buildup during the Reagan presidency


( S ( S ( PP-TMP ( IN In ) ( NP ( NNP May ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD consolidated ) ( NP ( PRP$ its ) ( NNP Aerospace ) ( CC and ) ( NNP Electronics ) ( NNS groups ) ) ) ) ( S ( NP-SBJ ( DT the ) ( JJ new ) ( NNP Defense ) ( CC and ) ( NNP Space ) ( NNP Group ) ) ( VP ( MD will ) ( VP ( VB contain ) ( NP ( NP ( NP ( NP ( DT the ) ( NNP Aerospace ) ( CC and ) ( NNP Electronics ) ( NN division ) ) ( CC and ) ( NP ( NNP Advanced ) ( NNPS Systems ) ) ) ( NP ( NP ( DT both ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( DT the ) ( NNP Seattle ) ( NN area ) ) ) ) ) ) ( NP ( NP ( NNP Boeing ) ( NNPS Helicopters ) ) ( PP-LOC ( IN in ) ( NP ( NNP Philadelphia ) ) ) ) ( NP ( NP ( NNP Boeing ) ( NNP Military ) ( NNPS Airplanes ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Wichita ) ) ( NP ( NNP Kan. ) ) ) ) ) ( CC and ) ( NP ( NP ( NNPS ArgoSystems ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Sunnyvale ) ) ( NP ( NNP Calif ) ) ) ) ) ) ) ) ) )

In May the company consolidated its Aerospace and Electronics groups the new Defense and Space Group will contain the Aerospace and Electronics division and Advanced Systems both based in the Seattle area Boeing Helicopters in Philadelphia Boeing Military Airplanes in Wichita Kan. and ArgoSystems in Sunnyvale Calif


( S ( NP-SBJ ( NP ( NNP B. ) ( NNP Dan ) ( NNP Pinick ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NNP Boeing ) ( NNP Aerospace ) ( CC and ) ( NNP Electronics ) ) ) ) ) ( VP ( MD will ) ( VP ( VB become ) ( NP-PRD ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ new ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB become ) ( ADJP-PRD ( JJ operational ) ) ( NP-TMP ( NNP Jan. ) ( CD 2 ) ) ) ) ) ) ) ) ) ) ) )

B. Dan Pinick president of Boeing Aerospace and Electronics will become president of the new group which will become operational Jan. 2


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ ( NNP Boeing ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( ADVP ( RB also ) ) ( VP ( MD will ) ( VP ( VB reorganize ) ( NP ( NP ( PDT all ) ( PRP$ its ) ( NN work ) ) ( PP-LOC ( IN in ) ( NP ( NNP Wichita ) ) ) ) ( PP-CLR ( IN into ) ( NP ( JJ military ) ( CC and ) ( JJ commercial ) ( NNS divisions ) ) ) ) ) ) ) ) )

In addition Boeing said it also will reorganize all its work in Wichita into military and commercial divisions


( S ( S-TPC-1 ( NP-SBJ ( NP ( DT All ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS changes ) ) ) ) ( VP ( MD will ) ( VP ( VP ( VB reduce ) ( NP ( PRP$ its ) ( NN overhead ) ) ) ( CC and ) ( VP ( VB streamline ) ( NP ( NNS operations ) ) ) ) ) ) ( NP-SBJ ( NNP Boeing ) ) ( VP ( VBD said ) ) )

All of the changes will reduce its overhead and streamline operations Boeing said


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBD agreed ) ) )

Analysts agreed


( SINV ( S-TPC-1 ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( JJ further ) ( NN step ) ) ( PP ( TO to ) ( NP ( NP ( JJR better ) ( NNS returns ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( JJ hemorrhaging ) ( NN defense ) ( NN business ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Steven ) ( NNP Binder ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN with ) ( NP ( NP ( NNP Bear ) ( NNP Stearns ) ( CC & ) ( NNP Co. ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ) ) )

It 's a further step to better returns in the hemorrhaging defense business said Steven Binder an analyst with Bear Stearns & Co. in New York


( S ( NP-SBJ-1 ( PRP They ) ) ( VP ( VBD had ) ( S ( VP ( TO to ) ( VP ( VB do ) ( NP ( PRP it ) ) ) ) ) ) )

They had to do it


( S ( NP-SBJ ( NP ( NNP Howard ) ( NNP Rubel ) ) ( NP ( NP ( DT an ) ( NN analyst ) ) ( PP ( IN with ) ( NP ( NP ( NNP C.J. ) ( NNP Lawrence ) ( NNP Morgan ) ( NNP Grenfell ) ( NNP Inc. ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN shift ) ) ( VP ( VBZ reflects ) ( NP ( NP ( NNP Boeing ) ( NN confidence ) ) ( PP ( IN in ) ( NP ( NP ( NNP Mr. ) ( NNP Pinick ) ) ( VP ( VBN described ) ( PP ( IN by ) ( NP-LGS ( NNP Mr. ) ( NNP Rubel ) ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT an ) ( NN expert ) ) ( PP ( IN on ) ( S-NOM ( VP ( VBG doing ) ( NP-CLR ( NN business ) ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN military ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Howard Rubel an analyst with C.J. Lawrence Morgan Grenfell Inc. in New York said the shift reflects Boeing confidence in Mr. Pinick described by Mr. Rubel as an expert on doing business with the military


( S ( S-TPC-1 ( NP-SBJ ( NP ( PRP$ His ) ( NN side ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN business ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( JJ successful ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( JJ tough ) ( NN environment ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Rubel ) ) ( VP ( VBD said ) ) )

His side of the business has been successful in a tough environment Mr. Rubel said


( S ( NP-SBJ ( NNP Crane ) ( NNP Co. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VP ( VBZ holds ) ( NP ( NP ( DT an ) ( ADJP ( CD 8.9 ) ( NN % ) ) ( NN stake ) ) ( PP ( IN in ) ( NP ( NP ( NNP Milton ) ( NNP Roy ) ( NNP Corp. ) ) ( NP ( DT an ) ( JJ analytical-instruments ) ( NN maker ) ) ) ) ) ) ( CC and ) ( VP ( MD may ) ( VP ( VB seek ) ( NP ( NP ( NN control ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ) ) ) ) )

Crane Co. said it holds an 8.9 % stake in Milton Roy Corp. an analytical-instruments maker and may seek control of the company


( S ( NP-SBJ ( NP ( NNP Crane ) ) ( NP ( NP ( DT a ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NP ( VBN engineered ) ( NNS products ) ) ( PP ( IN for ) ( NP ( NP ( NN aerospace ) ) ( NP ( NN construction ) ) ( NP ( NN defense ) ) ( CC and ) ( NP ( JJ other ) ( NNS uses ) ) ) ) ) ) ) ) ( VP ( VBD made ) ( NP ( DT the ) ( NN disclosure ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NNPS Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ( NN filing ) ) ) ) )

Crane a maker of engineered products for aerospace construction defense and other uses made the disclosure in a Securities and Exchange Commission filing


( S ( PP-LOC ( IN In ) ( NP ( DT the ) ( NN filing ) ) ) ( NP-SBJ ( NNP Crane ) ) ( VP ( VBD said ) ( SBAR ( SBAR ( IN that ) ( S ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN past ) ) ) ( NP-SBJ-3 ( PRP it ) ) ( VP ( VBD considered ) ( S ( VP ( VBG seeking ) ( NP ( NP ( NN control ) ) ( PP ( IN of ) ( NP ( NP ( NNP Milton ) ( NNP Roy ) ) ( PP ( IN of ) ( NP ( NP ( NNP St. ) ( NNP Petersburg ) ) ( NP-LOC ( NNP Fla. ) ) ) ) ) ) ) ( PP-CLR ( IN through ) ( NP ( DT a ) ( NN merger ) ( CC or ) ( NN tender ) ( NN offer ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB evaluate ) ( NP ( DT an ) ( NN acquisition ) ) ( PP-TMP ( PP ( IN from ) ( NP ( NN time ) ) ) ( PP ( TO to ) ( NP ( NN time ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In the filing Crane said that in the past it considered seeking control of Milton Roy of St. Petersburg Fla. through a merger or tender offer and that it expects to continue to evaluate an acquisition from time to time


( S ( NP-SBJ ( NNP Crane ) ( NNS officials ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB return ) ( NP ( NP ( NN phone ) ( NNS calls ) ) ( VP ( VBG seeking ) ( NP ( NN comment ) ) ) ) ) ) )

Crane officials did n't return phone calls seeking comment


( S ( NP-SBJ ( NNP Crane ) ) ( VP ( VBZ holds ) ( NP ( NP ( CD 504,200 ) ( NNP Milton ) ( NNP Roy ) ( NNS shares ) ) ( PP ( VBG including ) ( NP ( NP ( CD 254,200 ) ) ( VP ( VBD bought ) ( PP-TMP ( PP ( IN from ) ( NP ( NNP Sept. ) ( CD 14 ) ) ) ( PP ( TO to ) ( NP ( NNP Thursday ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 15.50 ) ( TO to ) ( CD 16.75 ) ) ) ( NP-ADV ( DT each ) ) ) ) ) ) ) ) ) )

Crane holds 504,200 Milton Roy shares including 254,200 bought from Sept. 14 to Thursday for 15.50 to 16.75 each


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-TMP ( NNP Friday ) ) ( NP-SBJ ( NNP Milton ) ( NNP Roy ) ( NNS shares ) ) ( VP ( VBD leaped ) ( NP-EXT ( CD 2 ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD 18.375 ) ) ( NP-ADV ( DT each ) ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( NNP Crane ) ) ( VP ( VBD sank ) ( NP-EXT ( CD 1.125 ) ) ( PP-DIR ( TO to ) ( NP ( NP ( CD 21.125 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) )

In New York Stock Exchange composite trading Friday Milton Roy shares leaped 2 to 18.375 each while Crane sank 1.125 to 21.125 a share


( S ( NP-SBJ ( NP ( NNP John ) ( NNP M. ) ( NNP McNamara ) ) ( NP ( NP ( NN chief ) ( JJ financial ) ( NN officer ) ) ( PP ( IN of ) ( NP ( NNP Milton ) ( NNP Roy ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBZ has ) ( NP ( NP ( DT no ) ( NN comment ) ) ( PP ( IN on ) ( NP ( NP ( NNP Crane ) ( POS 's ) ) ( NN filing ) ) ) ) ) ) ) ) )

John M. McNamara chief financial officer of Milton Roy said the company has no comment on Crane 's filing


( S ( NP-SBJ ( NNP Milton ) ( NNP Roy ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD fended ) ( PRT ( RP off ) ) ( NP ( NP ( JJ unsolicited ) ( NNS overtures ) ) ( PP ( IN from ) ( NP ( NP ( NNP Thermo ) ( NNP Electron ) ( NNP Corp. ) ) ( NP ( NP ( DT a ) ( NAC-LOC ( NNP Waltham ) ( NNP Mass. ) ) ( NN maker ) ) ( PP ( IN of ) ( NP ( JJ biomedical ) ( NNS products ) ) ) ) ) ) ) ) )

Milton Roy recently fended off unsolicited overtures from Thermo Electron Corp. a Waltham Mass. maker of biomedical products


( S ( NP-SBJ ( NNP Milton ) ( NNP Roy ) ) ( VP ( VBD disclosed ) ( PP-TMP ( IN in ) ( NP ( NNP May ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN approached ) ( PP-PRP ( IN for ) ( NP ( NP ( DT a ) ( JJ possible ) ( NN acquisition ) ) ( PP ( IN by ) ( NP ( NP ( NNP Thermo ) ( NNP Electron ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB purchase ) ( NP ( NP ( NNP Milton ) ( NNP Roy ) ( POS 's ) ) ( NN liquid-chromatography ) ( NN line ) ) ( PP-CLR ( IN for ) ( NP ( CD 22 ) ( CD million ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP February ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Milton Roy disclosed in May that it was approached for a possible acquisition by Thermo Electron which agreed to purchase Milton Roy 's liquid-chromatography line for 22 million in February


( S ( NP-SBJ-1 ( NNP Thermo ) ( NNP Electron ) ) ( VP ( VBD acquired ) ( NP ( NP ( QP ( DT some ) ( CD 6 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NNP Milton ) ( NNP Roy ) ( POS 's ) ) ( JJ common ) ( NN stock ) ) ) ) ( PP-TMP ( IN before ) ( S-NOM ( VP ( VP ( VBG throwing ) ( PRT ( RP in ) ) ( NP ( DT the ) ( NN towel ) ) ) ( CC and ) ( VP ( VBG reducing ) ( NP ( PRP$ its ) ( NN stake ) ) ) ( PP-TMP ( IN in ) ( NP ( JJ early ) ( NNP September ) ) ) ) ) ) ) )

Thermo Electron acquired some 6 % of Milton Roy 's common stock before throwing in the towel and reducing its stake in early September


( S ( NP-SBJ-1 ( NNP Gabelli ) ( NNP Group ) ) ( VP ( VP ( VBD began ) ( S ( VP ( VBG raising ) ( NP ( PRP$ its ) ( NNP Milton ) ( NNP Roy ) ( NN stake ) ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ) ) ) ) ) ( CC and ) ( VP ( VBZ holds ) ( NP ( CD 14.6 ) ( NN % ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( DT a ) ( JJ recent ) ( NNP SEC ) ( NN filing ) ) ) ) ) )

Gabelli Group began raising its Milton Roy stake in July and holds 14.6 % according to a recent SEC filing


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN made ) ( NP ( NN merger ) ( NNS overtures ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN board ) ) ) ) ) )

It has n't made merger overtures to the board


( S ( NP-TMP ( RBR Earlier ) ( DT this ) ( NN month ) ) ( NP-SBJ ( NNP Milton ) ( NNP Roy ) ) ( VP ( VBD signed ) ( NP ( NP ( DT a ) ( NN letter ) ) ( PP ( IN of ) ( NP ( NN intent ) ( S ( VP ( TO to ) ( VP ( VB acquire ) ( NP ( NP ( NP ( NNP Automated ) ( NNP Custom ) ( NNPS Systems ) ( NNP Inc. ) ) ( NP-LOC ( NP ( NNP Orange ) ) ( NP ( NNP Calif. ) ) ) ) ( CC and ) ( NP ( NP ( PRP$ its ) ( NN sister ) ( NN operation ) ) ( NP ( NNP Environmental ) ( NNP Testing ) ( NNP Co. ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Aurora ) ) ( NP ( NNP Colo ) ) ) ) ) ) ) ) ) ) ) ) ) )

Earlier this month Milton Roy signed a letter of intent to acquire Automated Custom Systems Inc. Orange Calif. and its sister operation Environmental Testing Co. in Aurora Colo


( S ( NP-SBJ ( DT The ) ( NNS companies ) ) ( VP ( VBP are ) ( NP-PRD ( JJ automotive-emissions-testing ) ( NNS concerns ) ) ) )

The companies are automotive-emissions-testing concerns


( S ( PP-LOC ( IN Under ) ( NP ( DT the ) ( NNS terms ) ) ) ( NP-SBJ ( NNP Milton ) ( NNP Roy ) ) ( VP ( MD will ) ( VP ( VB pay ) ( NP ( NP ( NP ( DT an ) ( JJ initial ) ( QP ( CD 4 ) ( CD million ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNS operations ) ) ) ) ( CC and ) ( NP ( NP ( NP ( JJ additional ) ( NNS payments ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( JJ next ) ( CD four ) ( NNS years ) ) ) ) ( VP ( VBN based ) ( PP-CLR ( IN on ) ( NP ( NP ( DT the ) ( NNS earnings ) ( NN performance ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS businesses ) ) ) ) ) ) ) ) ) ) )

Under the terms Milton Roy will pay an initial 4 million for the operations and additional payments during the next four years based on the earnings performance of the businesses


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NNP Milton ) ( NNP Roy ) ) ( VP ( VBD earned ) ( NP ( NP ( QP ( CD 6.6 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.18 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP ( IN on ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( CD 94.3 ) ( CD million ) ) ) ) ) ) ) )

In the nine months Milton Roy earned 6.6 million or 1.18 a share on sales of 94.3 million


( S ( NP-SBJ ( NP ( JJ Personal ) ( NN spending ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD fueled ) ( NP ( NP ( DT the ) ( NN economy ) ( POS 's ) ) ( NN growth ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ) ) ) ) ( VP ( VBD was ) ( ADVP ( RB clearly ) ) ( VP ( VBG slowing ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN period ) ) ) ) ) ( S-ADV ( VP ( VBG raising ) ( NP ( NP ( NNS questions ) ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( NN economy ) ( POS 's ) ) ( NN strength ) ) ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NN year ) ) ( VP ( VBZ ends ) ) ) ) ) ) ) ) )

Personal spending which fueled the economy 's growth in the third quarter was clearly slowing by the end of the period raising questions about the economy 's strength as the year ends


( S ( S-TPC-1 ( NP-SBJ ( JJ Personal ) ( NN spending ) ) ( VP ( VBD grew ) ( NP-EXT ( CD 0.2 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ( PP-DIR ( TO to ) ( NP ( DT a ) ( ADJP ( QP ( CD 3.526 ) ( CD trillion ) ) ) ( JJ annual ) ( NN rate ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP Commerce ) ( NNP Department ) ) ( VP ( VBD said ) ) )

Personal spending grew 0.2 % in September to a 3.526 trillion annual rate the Commerce Department said


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT the ) ( JJS smallest ) ( JJ monthly ) ( NN increase ) ) ( PP-TMP ( IN in ) ( NP ( DT a ) ( NN year ) ) ) ) ) )

It was the smallest monthly increase in a year


( S ( PP-TMP ( IN At ) ( NP ( DT the ) ( JJ same ) ( NN time ) ) ) ( NP-SBJ-1 ( JJ personal ) ( NN income ) ) ( VP ( VBD was ) ( VP ( VBN held ) ( PRT ( RP down ) ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNS effects ) ) ( PP ( IN of ) ( NP ( NP ( NNP Hurricane ) ( NNP Hugo ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBD tore ) ( PP-CLR ( IN through ) ( NP ( NP ( NNS parts ) ) ( PP ( IN of ) ( NP ( ADJP ( NNP North ) ( CC and ) ( NNP South ) ) ( NNP Carolina ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( JJ late ) ( NNP September ) ) ) ) ) ) ) ) ) ) ) ) )

At the same time personal income was held down by the effects of Hurricane Hugo which tore through parts of North and South Carolina in late September


( S ( NP-SBJ ( DT The ) ( NN department ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( JJ personal ) ( NN income ) ) ( VP ( VP ( VBD rose ) ( NP-EXT ( CD 0.3 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ( PP-DIR ( TO to ) ( NP ( DT a ) ( ADJP ( QP ( CD 4.469 ) ( CD trillion ) ) ) ( NN rate ) ) ) ) ( CC but ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBD climbed ) ( NP-EXT ( CD 0.6 ) ( NN % ) ) ( SBAR-ADV ( SINV ( VBD had ) ( NP-SBJ ( PRP it ) ) ( VP ( RB not ) ( VBN been ) ( PP-PRD ( IN for ) ( NP ( DT the ) ( NN storm ) ) ) ) ) ) ) ) ) ) ) ) ) )

The department said personal income rose 0.3 % in September to a 4.469 trillion rate but would have climbed 0.6 % had it not been for the storm


( SINV ( PP-LOC-PRD-TPC-1 ( IN Among ) ( NP ( NP ( DT the ) ( JJ economic ) ( NNS effects ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN hurricane ) ) ) ) ) ( VP ( VBD was ) ) ( NP-SBJ ( NP ( DT a ) ( JJ sharp ) ( NN drop ) ) ( PP-LOC ( IN in ) ( NP ( JJ rental ) ( NN income ) ) ) ) )

Among the economic effects of the hurricane was a sharp drop in rental income


( S ( NP-SBJ ( DT The ) ( NNS figures ) ) ( VP ( VBD came ) ( SBAR-TMP ( NP-ADV ( DT a ) ( NN day ) ) ( IN after ) ( S ( NP-SBJ ( DT the ) ( NN government ) ) ( VP ( VBD released ) ( NP ( NP ( DT a ) ( NN report ) ) ( VP ( VBG showing ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NN consumer ) ( NN spending ) ) ( VP ( VBD propelled ) ( NP ( NNP U.S. ) ( JJ economic ) ( NN expansion ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ( SBAR-TMP ( IN while ) ( S ( PRN ( PP ( IN on ) ( NP ( DT an ) ( JJ inflation-adjusted ) ( NN basis ) ) ) ) ( S ( NP-SBJ ( NN business ) ( NN investment ) ) ( VP ( VBD slowed ) ) ) ( S ( NP-SBJ ( NN government ) ( NN spending ) ) ( VP ( VBD declined ) ) ) ( CC and ) ( S ( NP-SBJ ( NNS exports ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ flat ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The figures came a day after the government released a report showing that consumer spending propelled U.S. economic expansion in the third quarter while on an inflation-adjusted basis business investment slowed government spending declined and exports were flat


( S ( CC But ) ( NP-SBJ ( DT the ) ( JJ new ) ( NNS statistics ) ) ( VP ( VBP show ) ( SBAR ( IN that ) ( S ( PP-TMP ( IN by ) ( NP ( NNP September ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NN burst ) ) ( PP-LOC ( IN in ) ( NP ( NN spending ) ) ) ) ( VP ( VBD seemed ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBG tapering ) ( ADVP-CLR ( RB off ) ) ) ) ) ) ) ) ) ) )

But the new statistics show that by September the burst in spending seemed to be tapering off


( S ( NP-SBJ ( JJ Many ) ( NNS economists ) ) ( VP ( VBP expect ) ( S ( NP-SBJ ( DT the ) ( NN weakness ) ) ( VP ( TO to ) ( VP ( VB continue ) ) ) ) ) )

Many economists expect the weakness to continue


( SINV ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN consumer ) ) ( VP ( VBZ has ) ( ADVP ( RB pretty ) ( RB well ) ) ( VP ( VBN played ) ( NP ( PRP himself ) ) ( PRT ( IN out ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP David ) ( NNP Littman ) ) ( NP ( NP ( JJ senior ) ( NN economist ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNPS Manufacturers ) ( NNP National ) ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP Detroit ) ) ) ) ) ) ) )

I think the consumer has pretty well played himself out said David Littman senior economist at Manufacturers National Bank of Detroit


( S ( S-TPC-3 ( NP-SBJ ( PRP I ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB think ) ( SBAR ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( NN lot ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNS wings ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ other ) ( NNS sectors ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN economy ) ) ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB keep ) ( S ( NP-SBJ ( NN growth ) ) ( PP-LOC-PRD ( IN above ) ( NP ( CD 1 ) ( NN % ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )

I do n't think there 's a lot in the wings in other sectors of the economy to keep growth above 1 % he said


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ) ( NP-SBJ ( DT the ) ( NN economy ) ) ( VP ( VBD grew ) ( PP-MNR ( IN at ) ( NP ( DT a ) ( JJ moderate ) ( ADJP ( CD 2.5 ) ( NN % ) ) ( JJ annual ) ( NN rate ) ) ) ) )

In the third quarter the economy grew at a moderate 2.5 % annual rate


( S ( PP-TMP ( IN In ) ( NP ( NNP August ) ) ) ( S ( NP-SBJ ( JJ personal ) ( NN income ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 0.3 ) ( NN % ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NN spending ) ) ( VP ( VBD grew ) ( NP-EXT ( CD 0.9 ) ( NN % ) ) ) ) )

In August personal income rose 0.3 % and spending grew 0.9 %


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP have ) ( VP ( VBN attributed ) ( NP ( NP ( JJ much ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT the ) ( NN summer ) ( POS 's ) ) ( NN spurt ) ) ( PP-LOC ( IN in ) ( NP ( VBG spending ) ) ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NP ( NN bargain ) ( NN car ) ( NNS prices ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN model ) ( NN year ) ) ) ) ) ) ) ) ) )

Analysts have attributed much of the summer 's spurt in spending to bargain car prices at the end of the model year


( S ( NP-SBJ ( NN Car ) ( NNS sales ) ) ( VP ( VBD slackened ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ-1 ( DT the ) ( CD 1990 ) ( NNS models ) ) ( VP ( VBD were ) ( VP ( VBN introduced ) ) ) ) ) ) )

Car sales slackened in September after the 1990 models were introduced


( S ( PP ( VBG According ) ( PP ( TO to ) ( NP ( DT the ) ( NNP Commerce ) ( NNP Department ) ( NN report ) ) ) ) ( NP-SBJ ( NP ( VBG spending ) ) ( PP ( IN on ) ( NP ( NP ( JJ durable ) ( NNS goods ) ) ( PRN ( NP ( NP ( NNS items ) ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB last ) ( NP-CLR ( QP ( IN at ) ( JJS least ) ( CD three ) ) ( NNS years ) ) ) ) ) ) ( PP ( VBG including ) ( NP ( NNS cars ) ) ) ) ) ) ) ) ( VP ( VBD declined ) ( PP-EXT ( IN by ) ( NP ( QP ( CD 6.2 ) ( CD billion ) ) ) ) ) )

According to the Commerce Department report spending on durable goods items expected to last at least three years including cars declined by 6.2 billion


( S ( NP-SBJ ( NP ( DT The ) ( NN nation ) ( POS 's ) ) ( NN savings ) ( NN rate ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ unchanged ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( CD 4.9 ) ( NN % ) ) ( PP ( IN of ) ( NP ( JJ after-tax ) ( NN income ) ) ) ) ) ( PP ( ADVP ( RB far ) ) ( IN below ) ( NP ( NP ( DT the ) ( CD 5.6 ) ( NN % ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD reached ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ) ) ) ) ) ) ) ) )

The nation 's savings rate was unchanged in September at 4.9 % of after-tax income far below the 5.6 % it reached in July


( S ( NP-SBJ-1 ( PDT All ) ( DT the ) ( NNS figures ) ) ( VP ( VBP are ) ( VP ( VBN adjusted ) ( PP ( IN for ) ( NP ( JJ seasonal ) ( NNS variations ) ) ) ) ) )

All the figures are adjusted for seasonal variations


( SINV ( ADVP-LOC-PRD-TPC-1 ( RB Here ) ) ( VP ( VBZ is ) ) ( NP-SBJ ( NP ( NP ( DT the ) ( NNP Commerce ) ( NNP Department ) ( POS 's ) ) ( JJS latest ) ( NN report ) ) ( PP ( IN on ) ( NP ( JJ personal ) ( NN income ) ) ) ) )

Here is the Commerce Department 's latest report on personal income


( S ( NP-SBJ ( DT The ) ( NNS figures ) ) ( VP ( VBP are ) ( PP-PRD ( PP ( IN at ) ( NP ( ADJP ( RB seasonally ) ( VBN adjusted ) ) ( JJ annual ) ( NNS rates ) ) ) ( PP ( IN in ) ( NP ( NP ( NNS trillions ) ) ( PP ( IN of ) ( NP ( NNS dollars ) ) ) ) ) ) ) )

The figures are at seasonally adjusted annual rates in trillions of dollars


( S ( NP-SBJ ( NP ( NNP Charles ) ( NNP A. ) ( NNP Pearce ) ) ( ADJP ( NP ( CD 66 ) ( NNS years ) ) ( JJ old ) ) ) ( VP ( MD will ) ( VP ( VB retire ) ( PP-CLR ( IN from ) ( NP ( NP ( PRP$ his ) ( NN post ) ) ( PP ( IN as ) ( NP ( NP ( NN chief ) ( JJ executive ) ( NN officer ) ) ( PP ( IN of ) ( NP ( DT this ) ( NN bank ) ( VBG holding ) ( NN company ) ) ) ) ) ) ) ( ADJP-ADV ( JJ effective ) ( NP-TMP ( NNP Dec. ) ( CD 31 ) ) ) ) ) )

Charles A. Pearce 66 years old will retire from his post as chief executive officer of this bank holding company effective Dec. 31


( S ( NP-SBJ ( PRP He ) ) ( VP ( MD will ) ( VP ( VB remain ) ( NP-PRD ( NN chairman ) ) ) ) )

He will remain chairman


( S ( NP-SBJ ( NP ( NNP Charles ) ( NNP R. ) ( NNP Simpson ) ( NNP Jr. ) ) ( NP ( CD 46 ) ) ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( NN chief ) ( VBG operating ) ( NN officer ) ) ) ) ( VP ( MD will ) ( VP ( VB assume ) ( NP ( NP ( DT the ) ( NN chief ) ( NN executive ) ( POS 's ) ) ( NN post ) ) ) ) )

Charles R. Simpson Jr. 46 president and chief operating officer will assume the chief executive 's post


( S ( S-TPC-4 ( NP-SBJ ( NNP Trustcorp ) ( NNP Inc. ) ) ( VP ( MD will ) ( VP ( VB become ) ( NP-PRD ( NNP Society ) ( NNP Bank ) ( CC & ) ( NNP Trust ) ) ( SBAR-TMP ( WHADVP-3 ( WRB when ) ) ( S ( NP-SBJ-1 ( NP ( PRP$ its ) ( NN merger ) ) ) ( VP ( VBZ is ) ( VP ( VBN completed ) ( PP-2 ( IN with ) ( NP ( NP ( NNP Society ) ( NNP Corp. ) ) ( PP ( IN of ) ( NP ( NNP Cleveland ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN bank ) ) ( VP ( VBD said ) ) )

Trustcorp Inc. will become Society Bank & Trust when its merger is completed with Society Corp. of Cleveland the bank said


( S ( NP-SBJ-2 ( NP ( NNP Society ) ( NNP Corp. ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( NP-PRD ( DT a ) ( NN bank ) ) ) ) ) ) ( VP ( VBN agreed ) ( PP-TMP ( IN in ) ( NP ( NNP June ) ) ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NNP Trustcorp ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 12.4 ) ( CD million ) ) ( NNS shares ) ) ( PP ( IN of ) ( NP ( NN stock ) ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( NN market ) ( NN value ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 450 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) )

Society Corp. which is also a bank agreed in June to buy Trustcorp for 12.4 million shares of stock with a market value of about 450 million


( S ( NP-SBJ-1 ( DT The ) ( NN transaction ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB close ) ( PP-TMP ( IN around ) ( NP ( NN year ) ( NN end ) ) ) ) ) ) ) ) )

The transaction is expected to close around year end


( S ( NP-SBJ ( NP ( NNP Aetna ) ( NNP Life ) ( CC & ) ( NNP Casualty ) ( NNP Co. ) ( POS 's ) ) ( NN third-quarter ) ( JJ net ) ( NN income ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 22 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 182.6 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.63 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( S-ADV ( VP ( VBG reflecting ) ( NP ( NP ( NP ( DT the ) ( NNS damages ) ) ( PP ( IN from ) ( NP ( NNP Hurricane ) ( NNP Hugo ) ) ) ) ( CC and ) ( NP ( NP ( JJR lower ) ( NNS results ) ) ( PP ( IN for ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ major ) ( NNS divisions ) ) ) ) ) ) ) ) ) ) )

Aetna Life & Casualty Co. 's third-quarter net income fell 22 % to 182.6 million or 1.63 a share reflecting the damages from Hurricane Hugo and lower results for some of the company 's major divisions


( S ( NP-SBJ ( NN Catastrophe ) ( NNS losses ) ) ( VP ( VBD reduced ) ( NP ( NP ( NNP Aetna ) ( POS 's ) ) ( JJ net ) ( NN income ) ) ( PP-CLR ( IN by ) ( NP ( NP ( QP ( CD 50 ) ( CD million ) ) ) ( PP ( VBG including ) ( NP ( NP ( QP ( CD 36 ) ( CD million ) ) ) ( PP ( IN from ) ( NP ( NNP Hugo ) ) ) ) ) ) ) ) )

Catastrophe losses reduced Aetna 's net income by 50 million including 36 million from Hugo


( S ( NP-TMP ( JJ Last ) ( NN year ) ) ( NP-SBJ ( NN catastrophe ) ( NNS losses ) ) ( VP ( VBD totaled ) ( NP ( QP ( CD 5 ) ( CD million ) ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( NN net ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( QP ( CD 235.5 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 2.07 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) )

Last year catastrophe losses totaled 5 million when net was 235.5 million or 2.07 a share


( S ( NP-SBJ-1 ( DT The ) ( JJ year-earlier ) ( NNS results ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN restated ) ( S-PRP ( VP ( TO to ) ( VP ( VB reflect ) ( NP ( DT an ) ( NN accounting ) ( NN change ) ) ) ) ) ) ) ) )

The year-earlier results have been restated to reflect an accounting change


( S ( NP-SBJ-1 ( DT The ) ( NN insurer ) ) ( VP ( VBZ has ) ( VP ( VBN started ) ( S ( VP ( VBG processing ) ( NP ( NP ( NNS claims ) ) ( PP ( IN from ) ( NP ( DT the ) ( NNP Northern ) ( NNP California ) ( NN earthquake ) ) ) ) ) ) ( ADVP-TMP ( NP ( QP ( RB nearly ) ( CD two ) ) ( NNS weeks ) ) ( IN ago ) ) ) ) )

The insurer has started processing claims from the Northern California earthquake nearly two weeks ago


( S ( CC But ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( DT these ) ( NNS claims ) ) ( VP ( VP ( VBP are ) ( ADJP-PRD ( RBR more ) ( JJ difficult ) ( S ( VP ( TO to ) ( VP ( VB evaluate ) ) ) ) ) ) ( CC and ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG coming ) ( ADVP-CLR ( RB in ) ) ( ADVP-MNR ( RBR more ) ( RB slowly ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBZ has ) ( NP ( NP ( DT no ) ( NN estimate ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN impact ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN earthquake ) ) ) ( PP ( IN on ) ( NP ( NN fourth-quarter ) ( NNS results ) ) ) ) ) ) ) )

But because these claims are more difficult to evaluate and have been coming in more slowly the company has no estimate of the impact of the earthquake on fourth-quarter results


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-TMP ( NNP Friday ) ) ( NP-SBJ ( NNP Aetna ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 60 ) ) ) ( ADVP ( RB down ) ( NP ( CD 50 ) ( NNS cents ) ) ) ) )

In New York Stock Exchange composite trading Friday Aetna closed at 60 down 50 cents


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJS latest ) ( NN quarter ) ) ) ( NP-SBJ ( NNP Aetna ) ) ( VP ( VBD had ) ( NP ( DT a ) ( ADJP ( QP ( CD 23 ) ( CD million ) ) ) ( NN loss ) ) ( PP ( IN on ) ( NP ( PRP$ its ) ( NNS auto\/homeowners ) ( NN line ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( NNS earnings ) ) ( PP ( IN of ) ( NP ( QP ( CD 33 ) ( CD million ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ) )

In the latest quarter Aetna had a 23 million loss on its auto\/homeowners line compared with earnings of 33 million last year


( S ( NP-SBJ ( NP ( NN Profit ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( JJ commercial ) ( NN insurance ) ( NN division ) ) ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 30 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 59 ) ( CD million ) ) ) ) ( S-ADV ( VP ( VBG reflecting ) ( NP ( NP ( JJR higher ) ( NN catastrophe ) ( NNS losses ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN price ) ( NN war ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN property\/casualty ) ( NN market ) ) ) ( PP-TMP ( IN for ) ( NP ( QP ( RB nearly ) ( CD three ) ) ( NNS years ) ) ) ) ) ) ) ) )

Profit for its commercial insurance division fell 30 % to 59 million reflecting higher catastrophe losses and the price war in the property\/casualty market for nearly three years


( S ( ADVP ( RB However ) ) ( NP-SBJ ( NP ( NP ( NNP Aetna ) ( POS 's ) ) ( NN employee ) ( NNS benefits ) ( NN division ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ includes ) ( NP ( PRP$ its ) ( NN group ) ( NN health ) ( NN insurance ) ( NNS operations ) ) ) ) ) ) ( VP ( VBD posted ) ( NP ( NP ( DT a ) ( ADJP ( CD 34 ) ( NN % ) ) ( NN profit ) ( NN gain ) ) ( PP ( TO to ) ( NP ( QP ( CD 106 ) ( CD million ) ) ) ) ) ) )

However Aetna 's employee benefits division which includes its group health insurance operations posted a 34 % profit gain to 106 million


( S ( NP-SBJ ( NN Third-quarter ) ( NNS results ) ) ( VP ( VBD included ) ( NP ( NP ( JJ net ) ( VBN realized ) ( NN capital ) ( NNS gains ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 48 ) ( CD million ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD included ) ( NP ( NP ( NP ( QP ( CD 27 ) ( CD million ) ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NNP Federated ) ( NNPS Investors ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ) ) ) ) ) ( CC and ) ( NP ( DT a ) ( ADJP ( QP ( CD 15 ) ( CD million ) ) ) ( NN tax ) ( NN credit ) ) ) ) ) ) ) ) ) ) )

Third-quarter results included net realized capital gains of 48 million which included 27 million from the sale of Federated Investors in August and a 15 million tax credit


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NN net ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 4.3 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 525.8 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 4.67 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 504.2 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 4.41 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) )

In the nine months net rose 4.3 % to 525.8 million or 4.67 a share from 504.2 million or 4.41 a share last year


( S ( NP-SBJ ( NNP Centerior ) ( NNP Energy ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Ohio ) ( NNP Water ) ( NNP Development ) ( NNP Authority ) ) ( VP ( VBD approved ) ( NP ( NP ( NNS terms ) ) ( PP ( IN for ) ( NP ( NP ( CD two ) ( NNS series ) ) ( PP ( IN of ) ( NP ( NP ( JJ tax-exempt ) ( NNS bonds ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB finance ) ( NP ( DT a ) ( NN water-pollution ) ( NN control ) ( CC and ) ( NN solid-waste ) ( NN disposal ) ( NNS facilities ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Centerior Energy Corp. said the Ohio Water Development Authority approved terms for two series of tax-exempt bonds to finance a water-pollution control and solid-waste disposal facilities


( S ( NP-SBJ ( DT The ) ( NN authority ) ) ( VP ( MD will ) ( VP ( VB issue ) ( NP ( NP ( DT a ) ( NN total ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 446.5 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( JJ pollution-control ) ( NN revenue ) ( NNS bonds ) ) ) ) ) ) ) ) )

The authority will issue a total of 446.5 million of pollution-control revenue bonds


( S ( NP-SBJ-1 ( NP ( NNS Proceeds ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN sale ) ) ) ) ( VP ( MD will ) ( VP ( VB go ) ( PP-DIR ( TO to ) ( NP ( NP ( NNP Centerior ) ( POS 's ) ) ( VBG operating ) ( NNS subsidiaries ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB finance ) ( NP ( NP ( DT the ) ( NNS projects ) ) ( VP ( VBN located ) ( PP-LOC-CLR ( IN at ) ( NP ( NP ( DT a ) ( JJ nuclear ) ( NN unit ) ) ( VP ( VBN located ) ( PP-LOC-CLR ( IN near ) ( NP ( NNP Cleveland ) ) ) ) ) ) ) ) ) ) ) ) ) )

Proceeds of the sale will go to Centerior 's operating subsidiaries to finance the projects located at a nuclear unit located near Cleveland


( S ( NP-SBJ-1 ( DT The ) ( NNS bonds ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN issued ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( NN term ) ) ( PP ( IN of ) ( NP ( CD 34 ) ( NNS years ) ) ) ) ) ( PP-CLR ( IN at ) ( NP ( NP ( DT an ) ( NN interest ) ( NN rate ) ) ( PP ( IN of ) ( NP ( CD 8 ) ( NN % ) ) ) ) ) ) ) ) )

The bonds will be issued for a term of 34 years at an interest rate of 8 %


( S ( NP-SBJ ( NNP Goldman ) ( NNP Sachs ) ( CC & ) ( NNP Co. ) ) ( VP ( VBZ is ) ( NP-PRD ( DT the ) ( NN underwriter ) ) ) )

Goldman Sachs & Co. is the underwriter


( S ( NP-SBJ ( EX There ) ) ( VP ( MD may ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( NN truce ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ long ) ( NN war ) ) ( PP ( IN of ) ( NP ( NNS nerves ) ) ) ( PP ( IN between ) ( NP ( NP ( DT the ) ( NNP White ) ( NNP House ) ) ( CC and ) ( NP ( NNP Congress ) ) ) ) ( PP ( IN over ) ( SBAR-NOM ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( DT this ) ( NN country ) ) ( VP ( VBZ conducts ) ( NP ( JJ secret ) ( NN intelligence ) ( NNS operations ) ) ( ADVP-LOC ( RB abroad ) ) ) ) ) ) ) ) ) ) )

There may be a truce in the long war of nerves between the White House and Congress over how this country conducts secret intelligence operations abroad