( S ( NP-SBJ-1 ( NP ( NNP George ) ( NNP W. ) ( NNP Koch ) ) ( ADJP ( NP ( CD 63 ) ( NNS years ) ) ( JJ old ) ) ( NP ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( JJ chief ) ( NN executive ) ( NN officer ) ) ) ( PP ( IN of ) ( NP ( NP ( NNP Grocery ) ( NNPS Manufacturers ) ) ( PP ( IN of ) ( NP ( NNP America ) ( NNP Inc. ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN elected ) ( S ( NP-PRD ( NP ( DT a ) ( NN director ) ) ( PP ( IN of ) ( NP ( NP ( DT this ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NP ( NNS spices ) ) ( NP ( NNS seasonings ) ) ( CC and ) ( NP ( NN specialty ) ( NNS foods ) ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG succeeding ) ( NP ( NP ( NNP Erskin ) ( NNP N. ) ( NNP White ) ( NNP Jr. ) ) ( NP ( CD 65 ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD resigned ) ) ) ) ) ) ) ) ) )

George W. Koch 63 years old president and chief executive officer of Grocery Manufacturers of America Inc. was elected a director of this maker of spices seasonings and specialty foods succeeding Erskin N. White Jr. 65 who resigned


( S ( NP-SBJ ( NNP Alpine ) ( NNP Group ) ( NNP Inc. ) ) ( VP ( VP ( VBD revised ) ( NP ( NP ( PRP$ its ) ( NN exchange ) ( NN offer ) ) ( PP ( IN for ) ( NP ( NP ( ADJP ( QP ( CD 43.7 ) ( CD million ) ) ) ( NN face ) ( NN amount ) ) ( PP ( IN of ) ( NP ( NP ( ADJP ( CD 13.5 ) ( NN % ) ) ( JJ senior ) ( JJ subordinated ) ( NN debt ) ) ( ADJP ( JJ due ) ( NP-TMP ( CD 1996 ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD extended ) ( NP ( DT the ) ( NN offer ) ) ( PP-DIR ( TO to ) ( NP ( NNP Oct. ) ( CD 27 ) ) ) ( PP-DIR ( IN from ) ( NP ( NNP Oct. ) ( CD 12 ) ) ) ) ) )

Alpine Group Inc. revised its exchange offer for 43.7 million face amount of 13.5 % senior subordinated debt due 1996 and extended the offer to Oct. 27 from Oct. 12


( S ( NP-SBJ ( DT The ) ( NAC-LOC ( NNP Hackensack ) ( NNP N.J. ) ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNS holders ) ) ( VP ( MD would ) ( VP ( VB receive ) ( PP ( IN for ) ( NP ( DT each ) ( ADJP ( CD 1,000 ) ) ( NN face ) ( NN amount ) ) ) ( NP ( NP ( NP ( ADJP ( CD 750 ) ) ( NN face ) ( NN amount ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ new ) ( NN issue ) ) ( PP ( IN of ) ( NP ( NP ( JJ secured ) ( JJ senior ) ( JJ subordinated ) ( NNS notes ) ) ( ADJP ( JJ convertible ) ( PP ( IN into ) ( NP ( JJ common ) ( NN stock ) ) ) ( PP ( IN at ) ( NP ( NP ( DT an ) ( JJ initial ) ( NN rate ) ) ( PP ( IN of ) ( NP ( NP ( CD 6.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( NP ( CD 50 ) ( JJ common ) ( NNS shares ) ) ) ) ) ) ) ) )

The Hackensack N.J. company said holders would receive for each 1,000 face amount 750 face amount of a new issue of secured senior subordinated notes convertible into common stock at an initial rate of 6.50 a share and 50 common shares


( S ( NP-SBJ ( DT The ) ( JJ new ) ( NNS notes ) ) ( VP ( MD will ) ( VP ( VB bear ) ( NP ( NN interest ) ) ( PP-CLR ( PP ( IN at ) ( NP ( NP ( CD 5.5 ) ( NN % ) ) ( PP-TMP ( IN through ) ( NP ( NP ( NNP July ) ( CD 31 ) ) ( NP ( CD 1991 ) ) ) ) ) ) ( CC and ) ( ADVP-TMP ( RB thereafter ) ) ( PP ( IN at ) ( NP ( CD 10 ) ( NN % ) ) ) ) ) ) )

The new notes will bear interest at 5.5 % through July 31 1991 and thereafter at 10 %


( S ( PP-LOC ( IN Under ) ( NP ( DT the ) ( JJ original ) ( NN proposal ) ) ) ( NP-SBJ ( NP ( NP ( DT the ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NN specialty ) ( NNS coatings ) ) ) ) ( CC and ) ( NP ( NP ( DT a ) ( NN developer ) ) ( PP ( IN of ) ( NP ( NN information-display ) ( NNS technologies ) ) ) ) ) ( VP ( VBD offered ) ( NP ( NP ( NP ( CD 400 ) ) ( PP ( IN of ) ( NP ( NP ( NNS notes ) ) ( ADJP ( JJ due ) ( NP-TMP ( CD 1996 ) ) ) ) ) ) ( NP ( CD 10 ) ( JJ common ) ( NNS shares ) ) ( CC and ) ( NP ( NP ( CD 175 ) ) ( PP ( IN in ) ( NP ( NN cash ) ) ) ( PP ( IN for ) ( NP ( DT each ) ( ADJP ( CD 1,000 ) ) ( NN face ) ( NN amount ) ) ) ) ) ) )

Under the original proposal the maker of specialty coatings and a developer of information-display technologies offered 400 of notes due 1996 10 common shares and 175 in cash for each 1,000 face amount


( S ( NP-SBJ ( NP ( NN Completion ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN exchange ) ( NN offer ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ subject ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN tender ) ) ( PP ( IN of ) ( NP ( NP ( QP ( IN at ) ( JJS least ) ( CD 80 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN debt ) ) ) ) ) ( PRN ( PP ( IN among ) ( NP ( JJ other ) ( NNS things ) ) ) ) ) ) ) ) )

Completion of the exchange offer is subject to the tender of at least 80 % of the debt among other things


( S ( NP-SBJ ( NP ( NNP Alpine ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB plan ) ( S ( VP ( TO to ) ( ADVP ( RBR further ) ) ( VP ( VB extend ) ( NP ( DT the ) ( NN offer ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD received ) ( NP ( NP ( ADJP ( CD 615,000 ) ) ( JJ face ) ( NN amount ) ) ( PP ( IN of ) ( NP ( NN debt ) ) ) ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( JJ original ) ( NN offer ) ) ) ) ) ) ) )

Alpine which said it does n't plan to further extend the offer said it received 615,000 face amount of debt under the original offer


( S ( NP-SBJ ( NNP Amcast ) ( NNP Industrial ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VBD repurchase ) ( NP ( NP ( CD 500,000 ) ( NNS shares ) ) ( CC or ) ( NP ( NP ( QP ( IN about ) ( CD 7 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( JJ open ) ( NN market ) ( NNS transactions ) ) ) ) ) ) ) ) ) ) )

Amcast Industrial Corp. said it plans to repurchase 500,000 shares or about 7 % of its shares outstanding in open market transactions


( S ( NP-SBJ ( DT The ) ( NN metal ) ( NNS products ) ( NN concern ) ) ( ADVP-TMP ( RB currently ) ) ( VP ( VBZ has ) ( NP ( NP ( QP ( CD 7.2 ) ( CD million ) ) ( JJ common ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ) )

The metal products concern currently has 7.2 million common shares outstanding


( S ( NP-SBJ ( NNP Amcast ) ) ( VP ( VP ( ADVP-TMP ( RB previously ) ) ( VBD had ) ( VP ( VBN said ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD planned ) ( S ( VP ( TO to ) ( VP ( VB repurchase ) ( NP ( NNS shares ) ) ) ) ) ) ) ) ) ) ( CC but ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB disclose ) ( UCP ( FRAG ( WHADVP ( WRB when ) ) ) ( CC or ) ( SBAR ( WHNP-3 ( ADJP ( WHADVP ( WRB how ) ) ( JJ many ) ) ( NNS shares ) ) ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBD intended ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( PRT ( RB back ) ) ) ) ) ) ) ) ) ) ) ) )

Amcast previously had said it planned to repurchase shares but did n't disclose when or how many shares it intended to buy back


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBN named ) ( NP ( NNP Dillon ) ( NNP Read ) ( CC & ) ( NNP Co. ) ) ( PP-CLR ( IN as ) ( NP ( NP ( PRP$ its ) ( JJ exclusive ) ( NN agent ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN stock ) ( NN buy-back ) ( NN program ) ) ) ) ) ) )

The company named Dillon Read & Co. as its exclusive agent for the stock buy-back program


( S ( NP-SBJ ( NNP American ) ( NNP Business ) ( NNP Computer ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( ADVP-MNR ( RB privately ) ) ( VBD placed ) ( NP ( CD 1,035,000 ) ( JJ common ) ( NNS shares ) ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 2.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) )

American Business Computer Corp. said it privately placed 1,035,000 common shares at 2.50 a share


( S ( NP-SBJ-1 ( DT The ) ( NN placement ) ) ( VP ( VBD was ) ( VP ( VBN made ) ( PP-MNR ( IN through ) ( NP ( NP ( NNP Gray ) ( NNP Seifert ) ( NNPS Securities ) ) ( NP-LOC ( NNP New ) ( NNP York ) ) ) ) ( PP-DIR ( TO to ) ( NP ( JJ institutional ) ( NNS investors ) ) ) ) ) )

The placement was made through Gray Seifert Securities New York to institutional investors


( S ( NP-SBJ-1 ( NNS Proceeds ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN used ) ( S-CLR ( VP ( TO to ) ( VP ( VP ( VB commercialize ) ( NP ( ADJP ( RB recently ) ( VBN patented ) ) ( NN technology ) ) ) ( CC and ) ( VP ( VB support ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ international ) ( NN expansion ) ) ) ) ) ) ) ) ) )

Proceeds will be used to commercialize recently patented technology and support the company 's international expansion


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ develops ) ( CC and ) ( VBZ markets ) ( NP ( NNS products ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN food ) ( NN service ) ( NN industry ) ) ) ) )

The company develops and markets products for the food service industry


( S-HLN ( NP-SBJ ( JJ Japanese ) ( NNS Firms ) ) ( VP ( VBP Push ) ( NP ( JJ Posh ) ( NN Car ) ( NNS Showrooms ) ) ) )

Japanese Firms Push Posh Car Showrooms


( S ( NP-SBJ-1 ( JJ JAPANESE ) ( NN luxury-car ) ( NNS makers ) ) ( VP ( VBP are ) ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB set ) ( NP ( NP ( JJ strict ) ( NN design ) ( NNS standards ) ) ( PP ( IN for ) ( NP ( PRP$ their ) ( NNS dealerships ) ) ) ) ) ) ) ) ) )

JAPANESE luxury-car makers are trying to set strict design standards for their dealerships


( S ( CC But ) ( NP-SBJ ( DT some ) ( NNS dealers ) ) ( VP ( VBP are ) ( VP ( VBG negotiating ) ( NP ( JJR looser ) ( NNS terms ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ-1 ( NNS others ) ) ( VP ( VBP decline ) ( S ( VP ( TO to ) ( VP ( VB deal ) ( ADVP ( IN at ) ( DT all ) ) ) ) ) ) ) ) ) ) )

But some dealers are negotiating looser terms while others decline to deal at all


( S ( NP-SBJ-2 ( NP ( NNP Nissan ) ( NNP Motor ) ( NNP Co. ) ( POS 's ) ) ( NNP Infiniti ) ( NN division ) ) ( VP ( VBZ likes ) ( S ( VP ( TO to ) ( VP ( VB insist ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT every ) ( NN dealer ) ) ( VP ( VB construct ) ( CC and ) ( VB furnish ) ( NP ( DT a ) ( NN building ) ) ( PP-MNR ( IN in ) ( NP ( DT a ) ( JJ Japanese ) ( NN style ) ) ) ) ) ) ) ) ) ) )

Nissan Motor Co. 's Infiniti division likes to insist that every dealer construct and furnish a building in a Japanese style


( S ( NP-SBJ ( NNS Specifications ) ) ( VP ( VBP include ) ( NP ( NP ( NP ( DT a ) ( JJ polished ) ( NN bronze ) ( NN sculpture ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NN center ) ) ( PP ( IN of ) ( NP ( DT each ) ( NN showroom ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT a ) ( NN tile ) ( NN bridge ) ) ( VP ( VBG spanning ) ( NP ( NP ( DT a ) ( NN stream ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ flows ) ( PP-DIR ( IN into ) ( NP ( DT the ) ( NN building ) ) ) ( PP-DIR ( IN from ) ( NP ( RB outside ) ) ) ) ) ) ) ) ) ) ) )

Specifications include a polished bronze sculpture at the center of each showroom and a tile bridge spanning a stream that flows into the building from outside


( SINV ( S-TPC-1 ( NP-SBJ ( NNP Infiniti ) ) ( VP ( VBZ has ) ( NP ( PRP it ) ) ( ADVP ( RB down ) ( PP ( TO to ) ( NP ( DT the ) ( NNS ashtrays ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Jay ) ( NNP Ferron ) ) ( NP ( NP ( DT a ) ( NN partner ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP J.D. ) ( NNP Power ) ( CC & ) ( NNPS Associates ) ) ( NP ( DT an ) ( NN auto ) ( NN research ) ( NN firm ) ) ) ) ) ) )

Infiniti has it down to the ashtrays says Jay Ferron a partner at J.D. Power & Associates an auto research firm


( S ( NP-SBJ ( NP ( NNP Toyota ) ( NNP Motor ) ( NNP Corp. ) ( POS 's ) ) ( NNP Lexus ) ( NN division ) ) ( ADVP ( RB also ) ) ( VP ( VBZ provides ) ( NP ( NNS specifications ) ) ) )

Toyota Motor Corp. 's Lexus division also provides specifications


( S ( CC But ) ( NP-SBJ ( NP ( QP ( JJ only ) ( NNS two-thirds ) ) ) ( PP ( IN of ) ( NP ( NNP Lexus ) ( NNS dealers ) ) ) ) ( VP ( VBP are ) ( VP ( VBG constructing ) ( NP ( JJ new ) ( NNS buildings ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( DT the ) ( NNP Lexus ) ( NNS specs ) ) ) ) ) ) )

But only two-thirds of Lexus dealers are constructing new buildings according to the Lexus specs


( S ( NP-SBJ ( DT Some ) ) ( VP ( VBP are ) ( ADVP ( RB even ) ) ( VP ( VBG coming ) ( PRT ( RP up ) ) ( PP-CLR ( IN with ) ( NP ( PRP$ their ) ( JJ own ) ( NN novel ) ( NNS designs ) ) ) ) ) )

Some are even coming up with their own novel designs


( S ( PP-LOC ( IN In ) ( NP ( NP ( NNP Louisville ) ) ( NP ( NNP Ky. ) ) ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( NP-SBJ ( NNP David ) ( NNP Peterson ) ) ( VP ( VBZ has ) ( VP ( VBN built ) ( NP ( NP ( DT a ) ( NNP Lexus ) ( NN dealership ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN showroom ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( JJ second ) ( NN floor ) ) ) ) ) ) ) ) )

In Louisville Ky. for example David Peterson has built a Lexus dealership with the showroom on the second floor


( S ( CC Yet ) ( NP-SBJ ( DT some ) ( NNS dealers ) ) ( VP ( VBP have ) ( VP ( VBN turned ) ( PRT ( RP down ) ) ( NP ( NNP Infiniti ) ( CC or ) ( NNP Lexus ) ( NNS franchises ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ unwilling ) ( CC or ) ( JJ unable ) ( S ( VP ( TO to ) ( VP ( VB meet ) ( NP ( DT the ) ( NN design ) ( NNS requirements ) ) ) ) ) ) ) ) ) ) ) )

Yet some dealers have turned down Infiniti or Lexus franchises because they were unwilling or unable to meet the design requirements


( S ( NP-SBJ ( NP ( NNP Lee ) ( NNP Seidman ) ) ( PP ( IN of ) ( NP ( NNP Cleveland ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( NNP Infiniti ) ) ( VP ( VP ( VBD was ) ( NP-PRD ( DT a ) ( NN bear ) ) ( PP ( IN on ) ( NP ( NNS interiors ) ) ) ) ( CC but ) ( VP ( ADVP ( IN at ) ( JJS least ) ) ( VB let ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( VB retrofit ) ( NP ( DT an ) ( VBG existing ) ( NN building ) ) ( PP-MNR ( IN without ) ( NP ( DT the ) ( NN stream ) ) ) ) ) ) ) ) ) ) )

Lee Seidman of Cleveland says Infiniti was a bear on interiors but at least let him retrofit an existing building without the stream


( S ( NP-SBJ ( NNP Mr. ) ( NNP Seidman ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD turned ) ( PRT ( RP down ) ) ( NP ( DT a ) ( NNP Lexus ) ( NN franchise ) ) ( SBAR-PRP ( PP ( IN in ) ( NP ( NN part ) ) ) ( IN because ) ( S ( NP-SBJ ( DT the ) ( NN building ) ) ( VP ( VBD was ) ( ADJP-PRD ( ADJP ( JJ gorgeous ) ) ( CC but ) ( ADJP ( RB very ) ( JJ expensive ) ) ) ) ) ) ) ) ) ) )

Mr. Seidman says he turned down a Lexus franchise in part because the building was gorgeous but very expensive


( S ( S-PRP ( VP ( TO To ) ( VP ( VB head ) ( PRT ( RP off ) ) ( NP ( NNS arguments ) ) ) ) ) ( NP-SBJ-1 ( NNP Infiniti ) ) ( VP ( VBZ offers ) ( NP ( NNS dealers ) ) ( NP ( NP ( NN cash ) ( NNS bonuses ) ) ( CC and ) ( NP ( JJ low-interest ) ( NN construction ) ( NNS loans ) ) ) ) )

To head off arguments Infiniti offers dealers cash bonuses and low-interest construction loans


( S ( NP-SBJ ( NP ( NN Dictation ) ( NN Device ) ( POS 's ) ) ( NN Saga ) ) ( VP ( VBZ Plays ) ( PRT ( RP Back ) ) ( NP ( DT a ) ( NN Lesson ) ) ) )

Dictation Device 's Saga Plays Back a Lesson


( S ( NP-SBJ-1 ( NNS PRODUCTS ) ) ( VP ( VB DON'T ) ( VP ( VBP have ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( JJ first ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( NNS winners ) ) ) ) ) ) ) ) ) ) )

PRODUCTS DON'T have to be first to be winners


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT the ) ( NN lesson ) ) ( VP ( VBN offered ) ( PP-MNR ( IN through ) ( NP ( NP ( CD one ) ( NN case ) ( NN study ) ) ( VP ( VBN featured ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN design ) ( NN exhibit ) ) ) ) ) ) ) ) ) )

That 's the lesson offered through one case study featured in a design exhibit


( S ( NP-SBJ-1 ( NNP Dictaphone ) ( NNP Corp. ) ) ( VP ( VBD was ) ( VP ( VBN caught ) ( PP-MNR ( IN off ) ( NP ( NN guard ) ) ) ( PP-TMP ( IN in ) ( NP ( NP ( CD 1974 ) ) ( SBAR ( WHADVP ( WRB when ) ) ( S ( NP-SBJ ( NP ( PRP$ its ) ( JJ main ) ( NN competitor ) ) ( NP ( NP ( NNP Lanier ) ( NNP Office ) ( NNPS Products ) ) ( PP ( IN of ) ( NP ( NNP Japan ) ) ) ) ) ( VP ( VBD introduced ) ( NP ( NP ( DT a ) ( NN microcassette ) ( NN dictation ) ( NN recorder ) ) ( NP ( NP ( PDT half ) ( DT the ) ( NN size ) ) ( PP ( IN of ) ( NP ( JJ standard ) ( NN cassette ) ( NNS devices ) ) ) ) ) ) ) ) ) ) ) ) )

Dictaphone Corp. was caught off guard in 1974 when its main competitor Lanier Office Products of Japan introduced a microcassette dictation recorder half the size of standard cassette devices


( S ( S-ADV ( VP ( VBN Blocked ) ( PP ( IN by ) ( NP-LGS ( NN patent ) ( NN protection ) ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG following ) ( ADVP-CLR ( RB suit ) ) ) ) ) ) ) ( NP-SBJ-1 ( NNP Dictaphone ) ) ( VP ( VBD decided ) ( S ( VP ( TO to ) ( VP ( VP ( VB go ) ( NP ( NP ( DT a ) ( NN step ) ) ( ADVP ( RBR further ) ) ) ) ( CC and ) ( VP ( VB cut ) ( NP ( DT the ) ( NN cassette ) ) ( UCP-CLR ( PP ( IN in ) ( NP ( NN half ) ) ) ) ( ADVP-TMP ( RB again ) ) ( ADVP-3 ( IN down ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN length ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN paperclip ) ) ) ) ) ) ) ) ) ) ) )

Blocked by patent protection from following suit Dictaphone decided to go a step further and cut the cassette in half again down to the length of a paperclip


( S ( PP-TMP ( IN By ) ( NP ( CD 1979 ) ) ) ( NP-SBJ ( NP ( NNS designers ) ( CC and ) ( NNS engineers ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Dictaphone ) ) ( NP ( DT a ) ( NNP Pitney ) ( NNP Bowes ) ( NN subsidiary ) ) ) ) ) ( VP ( VBD had ) ( VP ( VBN produced ) ( NP ( NP ( DT a ) ( JJ working ) ( NN model ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN picocassette ) ( NN recorder ) ) ) ) ) ) )

By 1979 designers and engineers at Dictaphone a Pitney Bowes subsidiary had produced a working model of a picocassette recorder


( S ( PP-TMP ( IN By ) ( NP ( CD 1982 ) ) ) ( ADVP ( RB however ) ) ( NP-SBJ ( NP ( DT the ) ( NN patent ) ( NN status ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Lanier ) ( NN microcassette ) ) ) ) ( VP ( VBD had ) ( VP ( VBN changed ) ( S-ADV ( VP ( VBG permitting ) ( S ( NP-SBJ ( NN Dictaphone ) ) ( VP ( TO to ) ( VP ( VP ( VB develop ) ( NP ( PRP$ its ) ( JJ own ) ( JJ competitive ) ( JJ micro ) ( NN system ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD did ) ) ) ) ) ) ) ) ) ) ) )

By 1982 however the patent status of the Lanier microcassette had changed permitting Dictaphone to develop its own competitive micro system which it did


( S ( NP-SBJ ( NN Marketing ) ( CC and ) ( NNS sales ) ( NNS departments ) ) ( ADVP-TMP ( RB then ) ) ( VP ( VBD urged ) ( NP ( NP ( NN abandonment ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN pico ) ( NN project ) ) ) ) ) )

Marketing and sales departments then urged abandonment of the pico project


( S ( CC But ) ( NP-SBJ ( NNS others ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN pico ) ) ( VP ( MD should ) ( VP ( VB proceed ) ) ) ) ) ) )

But others said pico should proceed


( S ( NP-SBJ ( DT Both ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ right ) ) ) )

Both were right


( S ( S ( NP-SBJ ( NNP Dictaphone ) ) ( VP ( VP ( VBD went ) ( ADVP ( RB ahead ) ) ) ( CC and ) ( VP ( VBD introduced ) ( NP ( DT the ) ( NN pico ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1985 ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN sold ) ( ADVP-MNR ( RB well ) ) ) ) ) )

Dictaphone went ahead and introduced the pico in 1985 but it has n't sold well


( S-1 ( PP-TMP ( TO To ) ( NP ( NN date ) ) ) ( PRN ( SINV ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Emil ) ( NNP Jachmann ) ) ( NP ( DT a ) ( NNP Dictaphone ) ( NN vice ) ( NN president ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VP ( VBN broken ) ( ADVP-CLR ( RB even ) ) ) ( CC or ) ( VP ( VBN shown ) ( NP ( DT a ) ( JJ small ) ( NN loss ) ) ) ) ) )

To date says Emil Jachmann a Dictaphone vice president it has broken even or shown a small loss


( S ( ADVP ( RB Nevertheless ) ) ( NP-SBJ ( DT the ) ( NN device ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( JJ successful ) ) ( PP ( IN in ) ( NP ( JJ other ) ( NNS ways ) ) ) ) ) )

Nevertheless the device has been successful in other ways


( S ( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD helped ) ( S ( NP-SBJ ( NNP Dictaphone ) ) ( VP ( VB attract ) ( NP ( JJR better ) ( NNS engineers ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD provided ) ( NP ( JJ new ) ( NN technology ) ) ( PP-CLR ( IN for ) ( NP ( JJ other ) ( NN company ) ( NNS products ) ) ) ) ) )

It helped Dictaphone attract better engineers and it provided new technology for other company products


( S ( NP-SBJ-1 ( DT The ) ( NN picocassette ) ( NN recorder ) ) ( ADVP ( RB also ) ) ( VP ( VBD helped ) ( S ( VP ( VB transform ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN reputation ) ) ( PP-CLR ( IN from ) ( NP ( NN follower ) ) ) ( PP-CLR ( TO to ) ( NP ( JJ leading-edge ) ( NN innovator ) ) ) ) ) ) )

The picocassette recorder also helped transform the company 's reputation from follower to leading-edge innovator


( SINV ( S-TPC-1 ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBD gave ) ( NP ( PRP me ) ) ( NP ( JJ great ) ( NN pride ) ) ( S-3 ( VP ( TO to ) ( VP ( VB see ) ( S ( NP-SBJ ( NP ( DT the ) ( NN inventor ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN microcassette ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ( VP ( VP ( VB look ) ( PP-CLR ( IN at ) ( NP ( DT the ) ( NN pico ) ) ) ) ( CC and ) ( VP ( VB shake ) ( NP ( PRP$ his ) ( NN head ) ) ) ( CC and ) ( VP ( VB say ) ( ADJP ( JJ unbelievable ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Jachmann ) ) )

It gave me great pride to see the inventor of the microcassette in Japan look at the pico and shake his head and say unbelievable says Mr. Jachmann


( S ( NP-SBJ ( NP ( NNP Dictaphone ) ( POS 's ) ) ( NN picocassette ) ( NN recorder ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( CD 13 ) ( NN case ) ( NNS studies ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP TRIAD ) ( NNP Design ) ( NNP Project ) ) ( VP ( VBN sponsored ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( DT the ) ( NNP Design ) ( NNP Management ) ( NNP Institute ) ) ( PP ( IN of ) ( NP ( NNP Boston ) ) ) ) ( CC and ) ( NP ( NNP Harvard ) ( NNP Business ) ( NNP School ) ) ) ) ) ) ) ) ) ) ) )

Dictaphone 's picocassette recorder is one of 13 case studies in the TRIAD Design Project sponsored by the Design Management Institute of Boston and Harvard Business School


( S ( NP-SBJ ( DT The ) ( NNS studies ) ) ( VP ( VP ( VBP are ) ( PP-PRD ( IN on ) ( NP ( NN exhibit ) ) ) ( PP-LOC ( IN at ) ( NP ( NNP Harvard ) ) ) ( NP-TMP ( DT this ) ( NN month ) ) ) ( CC and ) ( VP ( MD will ) ( VP ( VB travel ) ( PP-DIR ( TO to ) ( NP ( NP ( NP ( NP ( NNP Chicago ) ( POS 's ) ) ( NNP Institute ) ) ( PP ( IN of ) ( NP ( NNP Design ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NNP University ) ) ( PP ( IN of ) ( NP ( NNP California ) ) ) ( PP-LOC ( IN at ) ( NP ( NN Berkeley ) ) ) ) ) ) ) ) ) )

The studies are on exhibit at Harvard this month and will travel to Chicago 's Institute of Design and the University of California at Berkeley


( S-HLN ( NP-SBJ ( NP ( DT A ) ( NN Rake ) ( POS 's ) ) ( NN Progress ) ) ( VP ( VBZ Means ) ( S ( VP ( NNP Branching ) ( PRT ( RB Out ) ) ) ) ) )

A Rake 's Progress Means Branching Out


( S ( S ( NP-TMP ( CD ONE ) ( NNP DAY ) ) ( NP-SBJ ( NP ( NNP Carl ) ( NNP Barrett ) ) ( PP ( IN of ) ( NP ( NP ( NNP Mobile ) ) ( NP ( NNP Ala. ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBG raking ) ( NP ( DT some ) ( NN sycamore ) ( NNS leaves ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( DT the ) ( NN rake ) ) ( VP ( VBD kept ) ( S ( VP ( VBG riding ) ( PRT ( RP up ) ) ( PP-LOC ( IN over ) ( NP ( DT the ) ( NN piles ) ) ) ) ) ) ) )

ONE DAY Carl Barrett of Mobile Ala. was raking some sycamore leaves but the rake kept riding up over the piles


( S ( SBAR-ADV ( X ( DT The ) ( RBR harder ) ) ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD tried ) ( S ( VP ( TO to ) ( VP ( VB push ) ( NP ( PRP them ) ) ( PP ( IN into ) ( NP ( JJ large ) ( NNS piles ) ) ) ) ) ) ) ) ) ( X ( DT the ) ( RBR closer ) ) ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBD came ) ( PP-CLR ( TO to ) ( S-NOM ( VP ( VP ( VBG breaking ) ( NP ( DT the ) ( NN rake ) ) ) ( CC and ) ( VP ( VBG straining ) ( NP ( PRP$ his ) ( NN back ) ) ) ) ) ) ) )

The harder he tried to push them into large piles the closer he came to breaking the rake and straining his back


( S ( ADVP ( RB So ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Barrett ) ) ( NP ( ADVP-TMP ( RB then ) ) ( NP ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Alabama ) ( NNP Steamship ) ( NNP Association ) ) ) ) ) ( VP ( VP ( VBD took ) ( NP ( DT a ) ( JJ steel-toothed ) ( NN garden ) ( NN rake ) ) ) ( CC and ) ( VP ( VBD taped ) ( NP ( PRP it ) ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN underside ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN leaf ) ( NN rake ) ) ) ( ADVP-LOC ( NP ( IN about ) ( CD nine ) ( NNS inches ) ) ( RB up ) ) ) ) ) ) )

So Mr. Barrett then vice president of the Alabama Steamship Association took a steel-toothed garden rake and taped it to the underside of a leaf rake about nine inches up


( S ( S ( NP-SBJ ( PRP$ His ) ( JJ crude ) ( NN device ) ) ( VP ( VBD worked ) ) ) ( S ( NP-SBJ ( DT The ) ( JJR lower ) ( NNS teeth ) ) ( VP ( VBD gathered ) ( NP ( DT the ) ( NNS leaves ) ) ( PP-CLR ( IN into ) ( NP ( DT a ) ( NN pile ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( DT the ) ( ADJP ( JJR higher ) ( JJR harder ) ) ( NNS teeth ) ) ( VP ( VBD moved ) ( NP ( NP ( DT the ) ( NN top ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN pile ) ) ) ) ) ) ) ) ) )

His crude device worked The lower teeth gathered the leaves into a pile while the higher harder teeth moved the top of the pile


( S ( S-ADV ( VP ( ADVP-TMP ( RB Now ) ) ( JJ incorporated ) ( PP-CLR ( IN into ) ( NP ( DT a ) ( NN polypropylene ) ( NN rake ) ) ) ) ) ( NP-SBJ-2 ( NP ( DT the ) ( JJ four-inch ) ( NNS prongs ) ) ( CC or ) ( NP ( NNS wonderbars ) ) ) ( ADVP ( RB also ) ) ( VP ( VBP are ) ( VP ( VBN supposed ) ( S ( VP ( TO to ) ( VP ( VB aid ) ( PP-CLR ( IN in ) ( S-NOM ( VP ( VBG picking ) ( PRT ( RP up ) ) ( NP ( NNS leaves ) ) ) ) ) ) ) ) ) ) )

Now incorporated into a polypropylene rake the four-inch prongs or wonderbars also are supposed to aid in picking up leaves


( S ( NP-SBJ ( NP ( CD One ) ( NN customer ) ) ( NP ( NP ( NNP Donald ) ( NNP Blaggs ) ) ( PP ( IN of ) ( NP ( NNP Mobile ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Barrett ) ( NN Rake ) ) ( VP ( VBD allowed ) ( S ( NP-SBJ ( PRP him ) ) ( VP ( TO to ) ( VP ( VB do ) ( NP ( PRP$ his ) ( NN lawn ) ) ( PP-TMP ( IN in ) ( NP ( NP ( QP ( CD 2 ) ( CD 1\/2 ) ) ( NNS hours ) ) ( ADJP ( ADJP ( NP ( CD two ) ( NNS hours ) ) ( JJR less ) ) ( PP ( IN than ) ( ADJP ( JJ usual ) ) ) ) ) ) ) ) ) ) ) ) ) )

One customer Donald Blaggs of Mobile says the Barrett Rake allowed him to do his lawn in 2 1\/2 hours two hours less than usual


( S ( CC But ) ( NP-SBJ ( JJ other ) ( NN rake ) ( NNS makers ) ) ( VP ( VBP have ) ( NP ( PRP$ their ) ( NNS doubts ) ) ) )

But other rake makers have their doubts


( S ( NP-SBJ ( NP ( NNP Richard ) ( NNP Mason ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NP ( NNP Ames ) ( NNP Co. ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Parkersburg ) ) ( NP ( NNP W. ) ( NNP Va. ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( S ( NP-SBJ ( DT the ) ( NNP Barrett ) ( NN rake ) ) ( VP ( VBZ makes ) ( NP ( NN sense ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ tough ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB explain ) ( PP-CLR ( TO to ) ( NP ( NNS consumers ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Richard Mason president of Ames Co. in Parkersburg W. Va. says the Barrett rake makes sense but it would be tough to explain to consumers


( S ( NP-SBJ ( NP ( NNP John ) ( NNP Stoner ) ) ( NP ( NP ( NN marketing ) ( NN director ) ) ( PP ( IN for ) ( NP ( NP ( NNP True ) ( NNP Temper ) ( NNP Corp. ) ) ( NP ( NP ( DT a ) ( NN subsidiary ) ) ( PP ( IN of ) ( NP ( NNP Black ) ( CC & ) ( NNP Decker ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( NNS people ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB want ) ( S ( VP ( TO to ) ( VP ( VB move ) ( NP ( DT a ) ( NN leaf ) ( NN pile ) ) ) ) ) ) ) ) ) ) )

John Stoner marketing director for True Temper Corp. a subsidiary of Black & Decker says people do n't want to move a leaf pile


( S-1 ( S ( NP-SBJ ( PRP They ) ) ( ADVP ( RB either ) ) ( VP ( VBP pick ) ( NP ( PRP it ) ) ( PRT ( RP up ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( S ( CC or ) ( NP-SBJ-2 ( PRP they ) ) ( VP ( VBP start ) ( S ( VP ( VBG pulling ) ( PP ( IN from ) ( NP ( DT a ) ( JJ fresh ) ( NN direction ) ) ) ) ) ) ) )

They either pick it up he says or they start pulling from a fresh direction


( NP ( NNS Odds ) ( CC and ) ( NNS Ends ) )

Odds and Ends


( SINV ( NP-TPC-1 ( NP ( DT NO ) ( RB MORE ) ( NX ( NX ( VBN STUBBED ) ( NNS toes ) ) ( CC or ) ( NX ( VBN bruised ) ( NNS shins ) ) ) ) ) ( VP ( VBZ promises ) ) ( NP-SBJ ( NP ( NNP Geste ) ( NNP Corp. ) ) ( PP ( IN of ) ( NP ( NP ( NNP Goshen ) ) ( NP ( NNP Ind. ) ) ) ) ( NP ( NP ( DT the ) ( NN designer ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN bed ) ( NN support ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB replace ) ( NP ( JJ traditional ) ( NNS frames ) ) ) ) ) ) ) ) ) ) )

NO MORE STUBBED toes or bruised shins promises Geste Corp. of Goshen Ind. the designer of a bed support to replace traditional frames


( S ( NP-SBJ-1 ( NP ( CD Four ) ( JJ tubular ) ( NN steel ) ( NNS Bedfellows ) ) ( NP ( NP ( DT each ) ) ( PP ( ADVP ( RB roughly ) ) ( IN in ) ( NP ( NP ( DT the ) ( NN shape ) ) ( PP ( IN of ) ( NP ( DT a ) ( NNP W ) ) ) ) ) ) ) ( VP ( VBP are ) ( VP ( VBN attached ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN bottom ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN box ) ( NN spring ) ) ) ) ) ( PP ( IN in ) ( NP ( DT a ) ( VBN recessed ) ( NN position ) ) ) ) ) )

Four tubular steel Bedfellows each roughly in the shape of a W are attached to the bottom of the box spring in a recessed position


( S ( NP-SBJ ( NP ( QP ( RB Nearly ) ( NN half ) ) ) ( PP ( IN of ) ( NP ( NNP U.S. ) ( NNS consumers ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( MD 'll ) ( VP ( VB pay ) ( NP ( ADJP ( QP ( RB up ) ( TO to ) ( CD 5 ) ) ( NN % ) ) ( JJR more ) ) ( PP-CLR ( IN for ) ( NP ( NP ( NN packaging ) ) ( SBAR ( WHNP-1 ( DT that ) ) ( S ( VP ( VP ( MD can ) ( VP ( VB be ) ( VP ( VBN recycled ) ) ) ) ( CC or ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ biodegradable ) ) ) ) ) ) ) ) ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( DT a ) ( NN survey ) ) ( VP ( VBN commissioned ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NNP Michael ) ( NNP Peters ) ( NNP Group ) ) ( NP ( DT a ) ( NN design ) ( NN consultant ) ) ) ) ) ) ) ) ) )

Nearly half of U.S. consumers say they 'll pay up to 5 % more for packaging that can be recycled or is biodegradable according to a survey commissioned by the Michael Peters Group a design consultant


( S ( NP-SBJ ( NP ( NNP Stanislav ) ( NNP Ovcharenko ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ represents ) ( NP ( DT the ) ( JJ Soviet ) ( NN airline ) ( NNP Aeroflot ) ) ( ADVP-LOC ( RB here ) ) ) ) ) ) ( VP ( VBZ has ) ( NP ( NP ( DT some ) ( NNS visions ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBP are ) ( ADJP-PRD ( JJ wild ) ) ( PP ( ADVP ( RB even ) ) ( IN by ) ( NP ( NP ( DT the ) ( JJ current ) ( NNS standards ) ) ( PP ( IN of ) ( NP ( FW perestroika ) ) ) ) ) ) ) ) ) ) )

Stanislav Ovcharenko who represents the Soviet airline Aeroflot here has some visions that are wild even by the current standards of perestroika


( S ( PP-LOC ( IN In ) ( NP ( NP ( PRP$ his ) ( NN office ) ) ( VP ( VBG overlooking ) ( NP ( NP ( DT the ) ( NN runway ) ) ( PP ( IN of ) ( NP ( NNP Shannon ) ( NNP Airport ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Ovcharenko ) ) ( VP ( ADVP-MNR ( RB enthusiastically ) ) ( VBZ throws ) ( PRT ( RP out ) ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ calls ) ( S ( NP-PRD ( RB just ) ( NNS ideas ) ) ) ) ) ) ) )

In his office overlooking the runway of Shannon Airport Mr. Ovcharenko enthusiastically throws out what he calls just ideas


( S-1 ( ADVP-TMP ( RB First ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ suggests ) ) ) ) ( NP-SBJ ( NP ( NNP GPA ) ( NNP Group ) ( NNP Ltd. ) ) ( NP ( NP ( DT the ) ( JJ international ) ( NN aircraft ) ( NN leasing ) ( NN company ) ) ( VP ( VBN based ) ( PP-LOC ( IN in ) ( NP ( NNP Ireland ) ) ) ) ) ) ( VP ( MD could ) ( VP ( VB lease ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNP Boeing ) ( NNS jetliners ) ) ) ) ( PP-DTV ( TO to ) ( NP ( DT the ) ( JJ Soviet ) ( NN airline ) ) ) ) ) )

First he suggests GPA Group Ltd. the international aircraft leasing company based in Ireland could lease some of its Boeing jetliners to the Soviet airline


( S ( S ( ADVP-TMP ( RB Then ) ) ( NP-SBJ ( NP ( NNP Aer ) ( NNP Lingus ) ) ( NP ( DT the ) ( JJ Irish ) ( NN flag ) ( NN carrier ) ) ) ( VP ( MD could ) ( VP ( VB teach ) ( NP-2 ( NNP Aeroflot ) ( NNS pilots ) ) ( S ( VP ( TO to ) ( VP ( VB fly ) ( NP ( DT the ) ( NNPS Boeings ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( DT the ) ( NN fleet ) ) ( VP ( MD could ) ( VP ( VB be ) ( VP ( VBN based ) ( ADVP-LOC ( RB here ) ) ( PP-LOC ( IN at ) ( NP ( NNP Shannon ) ( NNP Airport ) ) ) ) ) ) ) )

Then Aer Lingus the Irish flag carrier could teach Aeroflot pilots to fly the Boeings and the fleet could be based here at Shannon Airport


( S ( S-TPC-1 ( NP-SBJ ( DT That ) ) ( VP ( VBZ 's ) ( RB not ) ( NP-PRD ( DT all ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

That 's not all he says


( S ( NP-SBJ ( NP ( NNP Aer ) ( NNP Rianta ) ) ( NP ( DT the ) ( JJ Irish ) ( NN airport ) ( NN authority ) ) ) ( VP ( MD could ) ( VP ( VB build ) ( NP ( DT a ) ( NN cargo ) ( NN terminal ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Soviet ) ( NNP Union ) ) ) ) ) )

Aer Rianta the Irish airport authority could build a cargo terminal in the Soviet Union


( S ( NP-SBJ ( NNP Aeroflot ) ) ( VP ( MD could ) ( VP ( VB lease ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN cargo ) ( NNS planes ) ) ) ) ( PP-DTV ( TO to ) ( NP ( NNP Aer ) ( NNP Lingus ) ) ) ( PP-MNR ( IN through ) ( NP ( NNP GPA ) ) ) ( PP ( IN for ) ( NP ( DT a ) ( NN joint-venture ) ( NN cargo ) ( NN airline ) ) ) ) ) )

Aeroflot could lease some of its cargo planes to Aer Lingus through GPA for a joint-venture cargo airline


( S ( CC And ) ( ADVP ( RB then ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( PRP$ his ) ( NN notion ) ) ( PP ( IN of ) ( NP ( NP ( DT an ) ( JJ Irish-Soviet ) ( NN charter ) ( NN airline ) ) ( SBAR-PRP ( S ( VP ( TO to ) ( VP ( VB ferry ) ( NP ( NNPS Armenians ) ) ( PP-DIR ( TO to ) ( NP ( NNP Los ) ( NNP Angeles ) ) ) ( PP-MNR ( IN via ) ( NP ( NNP Shannon ) ) ) ) ) ) ) ) ) ) ) )

And then there is his notion of an Irish-Soviet charter airline to ferry Armenians to Los Angeles via Shannon


( SQ ( VBP Have ) ( NP-SBJ ( NP ( DT the ) ( NNS freedoms ) ) ( PP ( IN of ) ( NP ( FW glasnost ) ) ) ) ( VP ( VBN gone ) ( PP-CLR ( TO to ) ( NP ( NP ( NNP Mr. ) ( NNP Ovcharenko ) ( POS 's ) ) ( NN head ) ) ) ) )

Have the freedoms of glasnost gone to Mr. Ovcharenko 's head


Hardly


( S ( NP-SBJ ( DT The ) ( JJ Irish-Soviet ) ( NN aviation ) ( NN connection ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ alive ) ( CC and ) ( JJ well ) ) ( ADVP-LOC ( RB here ) ) ( PP-LOC ( IN at ) ( NP ( NNP Shannon ) ( NNP Airport ) ) ) ) )

The Irish-Soviet aviation connection is alive and well here at Shannon Airport


( S ( NP-SBJ ( NNP GPA ) ) ( VP ( VBZ is ) ( ADVP ( RB indeed ) ) ( VP ( VBG talking ) ( PP-CLR ( PP ( IN about ) ( S-NOM ( VP ( VBG leasing ) ( NP ( JJ Western ) ( NNS planes ) ) ( PP-DTV ( TO to ) ( NP ( NNP Aeroflot ) ) ) ) ) ) ( CC and ) ( PP ( RB even ) ( IN about ) ( S-NOM ( VP ( VBG buying ) ( NP ( JJ Soviet-built ) ( NNP Tupolev ) ( NNS 204s ) ) ) ) ) ) ) ) )

GPA is indeed talking about leasing Western planes to Aeroflot and even about buying Soviet-built Tupolev 204s


( S ( NP-SBJ ( NNP Aer ) ( NNP Lingus ) ) ( VP ( VBZ is ) ( PP-LOC-PRD ( IN in ) ( NP ( NP ( NNS discussions ) ) ( PP ( IN with ) ( NP ( DT the ) ( JJ Soviet ) ( NN carrier ) ) ) ( PP ( IN about ) ( NP ( NP ( DT a ) ( NN cargo ) ( NN venture ) ) ( CC and ) ( NP ( JJ other ) ( NNS possibilities ) ) ) ) ) ) ) )

Aer Lingus is in discussions with the Soviet carrier about a cargo venture and other possibilities


( S ( NP-SBJ ( NNP Aer ) ( NNP Rianta ) ) ( ADVP ( RB already ) ) ( VP ( VBZ has ) ( NP ( NP ( RB so ) ( JJ many ) ( NNS ventures ) ) ( PP ( IN with ) ( NP ( NNP Aeroflot ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP$ its ) ( JJ chief ) ( NN executive ) ) ( VP ( VBZ is ) ( VP ( VBG studying ) ( NP ( NNP Russian ) ) ) ) ) ) ) ) )

Aer Rianta already has so many ventures with Aeroflot that its chief executive is studying Russian


( S ( S-ADV ( ADJP-PRD ( RB Unlikely ) ( SBAR ( IN as ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD may ) ( VP ( VB seem ) ) ) ) ) ) ) ( NP-SBJ ( JJ tiny ) ( ADJP ( RB politically ) ( JJ neutral ) ) ( NNP Ireland ) ) ( VP ( VBZ has ) ( VP ( VBN penetrated ) ( NP ( DT the ) ( JJ mighty ) ( JJ Soviet ) ( NN airline ) ( NN bureaucracy ) ) ) ) )

Unlikely as it may seem tiny politically neutral Ireland has penetrated the mighty Soviet airline bureaucracy


( S ( CC And ) ( SBAR-ADV ( IN as ) ( S ( NP-SBJ-1 ( NNP Aeroflot ) ) ( VP ( VBZ struggles ) ( S ( VP ( TO to ) ( VP ( VP ( VB boost ) ( NP ( PRP$ its ) ( NN service ) ( NNS standards ) ) ) ( VP ( VB upgrade ) ( NP ( PRP$ its ) ( NN fleet ) ) ) ( CC and ) ( VP ( VB pursue ) ( NP ( JJ commercial ) ( NNS opportunities ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( JJ Irish ) ( NN aviation ) ( NN industry ) ) ( VP ( VBZ seems ) ( VP ( VBN poised ) ( S ( VP ( TO to ) ( VP ( VB benefit ) ) ) ) ) ) )

And as Aeroflot struggles to boost its service standards upgrade its fleet and pursue commercial opportunities the Irish aviation industry seems poised to benefit


( SINV ( S-TPC-1 ( NP-SBJ ( JJ Irish ) ( CC and ) ( JJ Soviet ) ( NNS people ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ similar ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Ovcharenko ) ) )

Irish and Soviet people are similar says Mr. Ovcharenko


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBP look ) ( NP-PRD ( DT the ) ( JJ same ) ) ) )

They look the same


( S ( NP-SBJ ( PRP They ) ) ( VP ( VBP 're ) ( ADJP-PRD ( RB very ) ( JJ friendly ) ) ) )

They 're very friendly


( S-1 ( ADVP ( RB Moreover ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( NP-SBJ ( JJ Irish ) ( NNS companies ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ small ) ( CC but ) ( NN spunky ) ) ) )

Moreover he says Irish companies are small but spunky


( S ( S-TPC-2 ( NP-SBJ-1 ( PRP We ) ) ( VP ( VBP have ) ( S ( VP ( TO to ) ( VP ( VB study ) ( NP ( PRP$ their ) ( NN experience ) ) ( ADVP-MNR ( RB very ) ( RB well ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

We have to study their experience very well he says


( S ( NP-SBJ ( PRP We ) ) ( VP ( MD must ) ( VP ( VB find ) ( NP ( NP ( DT any ) ( NN way ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB get ) ( NP ( NN business ) ) ) ) ) ) ) ) ) )

We must find any way to get business


( S ( NP-SBJ ( DT The ) ( CD two ) ( NNS groups ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBG working ) ( PRT ( RP together ) ) ( PP-TMP ( IN since ) ( NP ( DT the ) ( JJ late ) ( NNS 1970s ) ) ) ( SBAR-TMP ( ADVP ( RB long ) ) ( IN before ) ( S ( NP-SBJ ( JJ Soviet ) ( NN joint ) ( NNS ventures ) ) ( VP ( VBD were ) ( NP-PRD ( DT the ) ( NN rage ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP West ) ) ) ) ) ) ) ) ) )

The two groups have been working together since the late 1970s long before Soviet joint ventures were the rage in the West


( S ( S ( NP-SBJ ( NNP Aeroflot ) ) ( VP ( VBD carried ) ( NP ( QP ( IN about ) ( CD 125 ) ( CD million ) ) ( NNS passengers ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( NNP Shannon ) ( NNP Airport ) ) ( NP ( NP ( NP ( DT the ) ( NN airline ) ( POS 's ) ) ( JJS largest ) ( NN transit ) ( NN airport ) ) ( PP-LOC ( IN outside ) ( NP ( DT the ) ( NNP Soviet ) ( NNP Union ) ) ) ) ) ( VP ( VBD saw ) ( S ( NP-SBJ ( NP ( CD 1,400 ) ( NNP Aeroflot ) ( NNS flights ) ) ( CC and ) ( NP ( CD 250,000 ) ( NNS passengers ) ) ) ( VP ( VB pass ) ( ADVP-CLR ( RB through ) ) ) ) ) ) )

Aeroflot carried about 125 million passengers last year and Shannon Airport the airline 's largest transit airport outside the Soviet Union saw 1,400 Aeroflot flights and 250,000 passengers pass through


( S ( NP-SBJ ( NP ( DT An ) ( NN apartment ) ( NN complex ) ) ( PP-LOC ( IN down ) ( NP ( DT the ) ( NN road ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( NX ( NX ( NN crew-rest ) ) ( CC and ) ( NX ( NN staging ) ( NN area ) ) ) ) ( PP ( IN for ) ( NP ( QP ( JJR more ) ( IN than ) ( CD 130 ) ) ( NNP Aeroflot ) ( NX ( NX ( NNS pilots ) ) ( CC and ) ( NX ( NN flight ) ( NNS attendants ) ) ) ) ) ) ) )

An apartment complex down the road is the crew-rest and staging area for more than 130 Aeroflot pilots and flight attendants


( S ( NP-SBJ ( NP ( NP ( DT The ) ( NN airport ) ( POS 's ) ) ( JJS biggest ) ( NN supplier ) ) ( PP ( IN of ) ( NP ( NN aircraft ) ( NN fuel ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( DT the ) ( NNP Soviet ) ( NNP Union ) ) ) )

The airport 's biggest supplier of aircraft fuel is the Soviet Union


( S ( NP-SBJ ( NP ( NNS Tankers ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( JJ Latvian ) ( NN port ) ) ( PP ( IN of ) ( NP ( NNP Ventspils ) ) ) ) ) ) ( NP-TMP ( DT each ) ( NN year ) ) ( VP ( VBP unload ) ( NP ( NP ( QP ( CD 25 ) ( CD million ) ) ( NNS gallons ) ) ( PP ( IN of ) ( NP ( NN fuel ) ) ) ) ( PP-DIR ( IN into ) ( NP ( NP ( DT a ) ( JJ special ) ( NN tank ) ( NN farm ) ) ( PP-LOC ( IN at ) ( NP ( DT the ) ( NN airport ) ) ) ) ) ) )

Tankers from the Latvian port of Ventspils each year unload 25 million gallons of fuel into a special tank farm at the airport


( S ( SBAR-NOM-SBJ-1 ( WHNP-3 ( WP What ) ) ( S ( NP-SBJ ( NNP Aeroflot ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB pour ) ( PP-DIR ( IN into ) ( NP ( PRP$ its ) ( JJ own ) ( JJ gas-guzzling ) ( NNPS Ilyushins ) ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( VBN bartered ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN airport ) ( NN authority ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ resells ) ( NP ( PRP it ) ) ( PP-DTV ( TO to ) ( NP ( NP ( CD 11 ) ( JJ Western ) ( NNS carriers ) ) ( PP ( VBG including ) ( NP ( NP ( NNP Air ) ( NNP France ) ) ( NP ( NNP Trans ) ( NNP World ) ( NNPS Airlines ) ) ( CC and ) ( NP ( NNP Pakistan ) ( NNP International ) ( NNPS Airlines ) ) ) ) ) ) ) ) ) ) ) ) ) )

What Aeroflot does n't pour into its own gas-guzzling Ilyushins is bartered to the airport authority which resells it to 11 Western carriers including Air France Trans World Airlines and Pakistan International Airlines


( S ( NP-SBJ-1 ( NNP Aeroflot ) ) ( ADVP ( RB thus ) ) ( VP ( VBZ pays ) ( NP ( PRP$ its ) ( NX ( NX ( NN landing ) ( NNS fees ) ) ( NX ( NN ground-handling ) ) ( CC and ) ( NX ( NN catering ) ( NNS bills ) ) ) ) ( PP-MNR ( IN with ) ( NP ( NN fuel ) ) ) ( S-ADV ( VP ( VBG preserving ) ( NP ( PRP$ its ) ( JJ hard ) ( NN currency ) ) ) ) ) )

Aeroflot thus pays its landing fees ground-handling and catering bills with fuel preserving its hard currency


( S ( NP-SBJ ( DT That ) ) ( VP ( VBZ is ) ( RB n't ) ( NP-PRD ( DT all ) ) ) )

That is n't all


( S ( NP-TMP ( JJ Last ) ( NN year ) ) ( NP-SBJ ( DT the ) ( JJ Irish ) ( NN airport ) ( NN authority ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ joint ) ( NN venture ) ) ( PP ( IN with ) ( NP ( NNP Aeroflot ) ) ) ) ) ( VP ( VBD opened ) ( NP ( CD four ) ( JJ hard-currency ) ( JJ duty-free ) ( NNS shops ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP Moscow ) ( POS 's ) ) ( NNP Sheremetyevo ) ( NNP Airport ) ) ) ) )

Last year the Irish airport authority in a joint venture with Aeroflot opened four hard-currency duty-free shops at Moscow 's Sheremetyevo Airport


( S ( NP-SBJ ( NNP Aer ) ( NNP Rianta ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ manages ) ( NP ( JJ duty-free ) ( NNS sales ) ) ( PP-LOC ( IN on ) ( NP ( NP ( DT all ) ( NNP Aeroflot ) ( JJ international ) ( NNS flights ) ) ( PP ( IN out ) ( PP ( IN of ) ( NP ( NNP Moscow ) ) ) ) ) ) ) )

Aer Rianta now manages duty-free sales on all Aeroflot international flights out of Moscow


( S ( S ( NP-SBJ ( NP ( JJ Duty-free ) ( NNS shops ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Leningrad ) ( POS 's ) ) ( NNP Pulkova ) ( NNP Airport ) ) ) ) ( VP ( VBN opened ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( JJ hard-currency ) ( NNS shops ) ) ( PP-LOC ( PP ( IN in ) ( NP ( NNP Leningrad ) ( NNS hotels ) ) ) ( CC and ) ( PP ( IN on ) ( NP ( DT the ) ( JJ Soviet-Finnish ) ( NN frontier ) ) ) ) ) ( VP ( VBP are ) ( VP ( VBG coming ) ( ADVP-TMP ( RB soon ) ) ) ) ) )

Duty-free shops in Leningrad 's Pulkova Airport opened in July and hard-currency shops in Leningrad hotels and on the Soviet-Finnish frontier are coming soon


( S ( NP-SBJ ( NNP Aer ) ( NNP Rianta ) ) ( VP ( VP ( VBZ is ) ( VP ( VBG talking ) ( PP-CLR ( IN about ) ( NP ( NP ( JJ similar ) ( JJ joint ) ( NNS ventures ) ) ( PP-LOC ( PP ( IN in ) ( NP ( NNP Tashkent ) ) ) ( CC and ) ( PP ( IN in ) ( NP ( NP ( NNP Sochi ) ) ( NP ( DT a ) ( NNP Black ) ( NNP Sea ) ( NN resort ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( ADVP ( RB even ) ) ( VBZ has ) ( NP ( NP ( DT a ) ( NN computer-assembly ) ( NN project ) ) ( VP ( VBG cooking ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( JJ Georgian ) ( NN city ) ) ( PP ( IN of ) ( NP ( NNP Tbilisi ) ) ) ) ) ) ) ) ) )

Aer Rianta is talking about similar joint ventures in Tashkent and in Sochi a Black Sea resort and even has a computer-assembly project cooking with the Georgian city of Tbilisi


( S ( NP-SBJ-1 ( NP ( NP ( NNP Aeroflot ) ( POS 's ) ) ( JJ international ) ( NN fleet ) ) ( PP ( IN of ) ( NP ( CD 285 ) ( NNS planes ) ) ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN repainted ) ( CC and ) ( VBN refurbished ) ( PP-LOC ( IN at ) ( NP ( NNP Shannon ) ( NNP Airport ) ) ) ) ) ) )

Aeroflot 's international fleet of 285 planes is being repainted and refurbished at Shannon Airport


( S ( S-ADV ( NP-PRD ( NP ( NNS Thanks ) ) ( PP ( TO to ) ( NP ( NP ( DT a ) ( JJ new ) ( NN air-traffic ) ( NN agreement ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN ability ) ) ( PP ( IN of ) ( NP ( JJ Irish ) ( NN travel ) ( NNS agents ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB issue ) ( NP ( JJ Aeroflot ) ( NNS tickets ) ) ) ) ) ) ) ) ) ) ( NP-SBJ-2 ( NP ( NNS tourists ) ) ( ADVP-LOC ( RB here ) ) ) ( VP ( VBP are ) ( VP ( VBG taking ) ( NP-CLR ( NN advantage ) ) ( PP-CLR ( IN of ) ( NP ( NP ( NNP Aeroflot ) ( POS 's ) ) ( JJ reasonable ) ( NNS prices ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB board ) ( NP ( NP ( NNS flights ) ) ( PP-LOC ( IN in ) ( NP ( NNP Shannon ) ) ) ( PP ( IN for ) ( NP ( NP ( NNS holidays ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Havana ) ) ( NP ( NNP Kingston ) ) ( CC and ) ( NP ( NNP Mexico ) ( NNP City ) ) ) ) ) ) ) ) ) ) ) ) )

Thanks to a new air-traffic agreement and the ability of Irish travel agents to issue Aeroflot tickets tourists here are taking advantage of Aeroflot 's reasonable prices to board flights in Shannon for holidays in Havana Kingston and Mexico City


( S ( NP-SBJ ( NP ( DT The ) ( NN round-trip ) ( NN fare ) ) ( PP ( TO to ) ( NP ( NNP Havana ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD 410 ) ( JJ Irish ) ( NNS punts ) ) ( PRN ( NP ( CD 578 ) ) ) ) ) )

The round-trip fare to Havana is 410 Irish punts 578


( S ( NP-SBJ ( NNP Jamaica ) ) ( VP ( VBZ costs ) ( NP ( CD 504 ) ( NNS punts ) ) ) )

Jamaica costs 504 punts


( S ( NP-SBJ-1 ( NP ( DT A ) ( JJ formal ) ( NN blessing ) ) ( PP ( IN of ) ( NP ( NNS sorts ) ) ) ) ( VP ( VBD was ) ( VP ( VBN bestowed ) ( PP-CLR ( IN on ) ( NP ( DT this ) ( NN friendship ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NNP Mikhail ) ( CC and ) ( NNP Raisa ) ( NNP Gorbachev ) ) ( VP ( VBD stopped ) ( ADVP-LOC ( RB here ) ) ( PP-PRP ( IN for ) ( NP ( NP ( NNS talks ) ) ( PP ( IN with ) ( NP ( JJ Irish ) ( NNP Prime ) ( NNP Minister ) ( NNP Charles ) ( NNP Haughey ) ) ) ) ) ) ) ) ) ) )

A formal blessing of sorts was bestowed on this friendship in April when Mikhail and Raisa Gorbachev stopped here for talks with Irish Prime Minister Charles Haughey


( S ( NP-SBJ-1 ( JJ New ) ( NN trade ) ( NNS accords ) ) ( VP ( VBD were ) ( VP ( VBN signed ) ) ) )

New trade accords were signed


( S ( NP-SBJ ( NP ( PRP It ) ) ( NP ( DT all ) ) ) ( VP ( VBN started ) ( PP ( IN with ) ( NP ( NN geography ) ) ) ) )

It all started with geography


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBN opened ) ( PP-TMP ( IN in ) ( NP ( CD 1939 ) ) ) ) ) ) ( NP-SBJ ( NNP Shannon ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT the ) ( JJ first ) ( NN landfall ) ) ( PP-LOC ( IN in ) ( NP ( NNP Europe ) ) ) ( PP ( IN for ) ( NP ( NP ( JJ thirsty ) ( NNS airplanes ) ) ( VP ( VBG flying ) ( PP-DIR ( IN from ) ( NP ( NNP North ) ( NNP America ) ) ) ) ) ) ) ) )

When it opened in 1939 Shannon was the first landfall in Europe for thirsty airplanes flying from North America


( S ( S ( NP-SBJ ( NP ( NNS Advances ) ) ( PP ( IN in ) ( NP ( NN aircraft ) ( NN fuel ) ( NN efficiency ) ) ) ( PP-TMP ( IN over ) ( NP ( DT the ) ( NNS years ) ) ) ) ( VP ( VBD made ) ( S ( NP-SBJ ( DT a ) ( NNP Shannon ) ( NN stop ) ) ( ADJP-PRD ( JJ unnecessary ) ( PP ( IN for ) ( NP ( JJS most ) ( JJ Western ) ( NN air ) ( VBZ fleets ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NNP Aeroflot ) ) ( ADVP ( RB still ) ) ( VP ( VBZ flies ) ( NP ( NP ( JJ inefficient ) ( NNPS Ilyushins ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD ca ) ( RB n't ) ( VP ( VB make ) ( NP ( PRP it ) ) ( PP-DIR ( IN from ) ( NP ( NNP Moscow ) ) ) ( PP-DIR ( TO to ) ( NP ( NNP Managua ) ) ) ( PP ( IN on ) ( NP ( CD one ) ( NN hop ) ) ) ) ) ) ) ) ) ) )

Advances in aircraft fuel efficiency over the years made a Shannon stop unnecessary for most Western air fleets but Aeroflot still flies inefficient Ilyushins that ca n't make it from Moscow to Managua on one hop


( S ( PP ( IN As ) ( NP ( DT a ) ( NN result ) ) ) ( NP-SBJ ( NNP Ireland ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB spurn ) ( NP ( DT the ) ( NNPS Soviets ) ) ( SBAR-TMP ( IN after ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD shot ) ( PRT ( RP down ) ) ( NP ( DT a ) ( NNP Korean ) ( NNP Air ) ( NNP Lines ) ( NN jetliner ) ) ( PP-LOC ( IN over ) ( NP ( NP ( DT the ) ( NNP Sea ) ) ( PP ( IN of ) ( NP ( NNP Japan ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1983 ) ) ) ) ) ) ( SBAR-ADV ( IN though ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD suspended ) ( NP ( JJ direct ) ( JJ Moscow-Shannon ) ( NNS flights ) ) ( PP-TMP ( IN for ) ( NP ( CD two ) ( NNS months ) ) ) ) ) ) ) ) )

As a result Ireland did n't spurn the Soviets after they shot down a Korean Air Lines jetliner over the Sea of Japan in 1983 though it suspended direct Moscow-Shannon flights for two months


( S ( PP ( IN In ) ( NP ( NN fact ) ) ) ( NP-SBJ-1 ( NNP Aer ) ( NNP Lingus ) ) ( VP ( VBD started ) ( S ( VP ( VBG ferrying ) ( NP ( NNPS Russians ) ) ( PP-DIR ( IN from ) ( NP ( NNP Shannon ) ) ) ( PP-DIR ( TO to ) ( NP ( NNP New ) ( NNP York ) ) ) ( SBAR-TMP ( WHADVP-2 ( WRB when ) ) ( S ( NP-SBJ ( NNP Washington ) ) ( VP ( VBD stripped ) ( NP ( NNP Aeroflot ) ) ( PP-CLR ( IN of ) ( NP ( PRP$ its ) ( NNP U.S. ) ( NN landing ) ( NNS rights ) ) ) ) ) ) ) ) ) )

In fact Aer Lingus started ferrying Russians from Shannon to New York when Washington stripped Aeroflot of its U.S. landing rights


( S ( NP-TMP ( NN Today ) ) ( NP-SBJ ( NNP Aer ) ( NNP Rianta ) ) ( VP ( VBZ is ) ( VP ( VBG making ) ( NP ( NP ( DT a ) ( NN heap ) ) ( PP ( IN of ) ( NP ( NN money ) ) ) ) ( PP-MNR ( IN from ) ( NP ( PRP$ its ) ( NNP Soviet ) ( NN friendship ) ) ) ) ) )

Today Aer Rianta is making a heap of money from its Soviet friendship


( S ( CC And ) ( PP ( IN with ) ( NP ( NP ( DT those ) ( NNS contacts ) ) ( PP ( IN in ) ( NP ( NN place ) ) ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( MD could ) ( VP ( VB be ) ( ADJP-PRD ( RB relatively ) ( JJ simple ) ) ( S-1 ( VP ( TO to ) ( VP ( VB add ) ( NP ( NP ( NNP Aer ) ( NNP Lingus ) ) ( CC and ) ( NP ( NNP GPA ) ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN team ) ) ) ) ) ) ) ) )

And with those contacts in place it could be relatively simple to add Aer Lingus and GPA to the team


( S ( ADVP ( RB Then ) ) ( ADVP ( RB perhaps ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Ovcharenko ) ( POS 's ) ) ( NNS ideas ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB sound ) ( PP-CLR ( IN like ) ( NP ( ADJP ( RB so ) ( JJ much ) ) ( NN blarney ) ) ) ) ) )

Then perhaps Mr. Ovcharenko 's ideas would n't sound like so much blarney


( S ( PP-TMP ( IN During ) ( NP ( PRP$ its ) ( NN centennial ) ( NN year ) ) ) ( NP-SBJ ( DT The ) ( NNP Wall ) ( NNP Street ) ( NNP Journal ) ) ( VP ( MD will ) ( VP ( VB report ) ( NP ( NP ( NNS events ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ past ) ( NN century ) ) ) ( SBAR ( WHNP-1 ( DT that ) ) ( S ( VP ( NN stand ) ( PP-CLR ( IN as ) ( NP ( NP ( NNS milestones ) ) ( PP ( IN of ) ( NP ( JJ American ) ( NN business ) ( NN history ) ) ) ) ) ) ) ) ) ) ) )

During its centennial year The Wall Street Journal will report events of the past century that stand as milestones of American business history


( S ( NP-SBJ ( NP ( JJ CREATIVE ) ( NN ACCOUNTING ) ) ( PP ( ADVP ( RB mostly ) ) ( IN by ) ( NP ( NNS conglomerates ) ) ) ) ( VP ( VBD forced ) ( S ( NP-SBJ ( NNS CPAs ) ) ( VP ( TO to ) ( VP ( VB change ) ( NP ( NP ( PRP$ their ) ( NN way ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG setting ) ( NP ( NP ( NP ( NNS standards ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN followed ) ( PP ( IN by ) ( NP-LGS ( NP ( NNS corporations ) ) ( VP ( VBG reporting ) ( NP ( JJ financial ) ( NNS results ) ) ) ) ) ) ) ) ) ) ) ( NP ( NP ( NNS standards ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD had ) ( VP ( VBN become ) ( ADJP-PRD ( RB all ) ( RB too ) ( JJ flexible ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

CREATIVE ACCOUNTING mostly by conglomerates forced CPAs to change their way of setting standards to be followed by corporations reporting financial results standards that had become all too flexible


( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ new ) ( NNP Financial ) ( NNP Accounting ) ( NNPS Standards ) ( NNP Board ) ) ( PRN ( NP ( NNP FASB ) ) ) ) ( VP ( VBD was ) ( VP ( VBN created ) ( PP-TMP ( IN in ) ( NP ( CD 1972 ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB replace ) ( NP ( NP ( DT the ) ( NNP Accounting ) ( NNPS Principles ) ( NNP Board ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP American ) ( NNP Institute ) ) ( PP ( IN of ) ( NP ( NNP Certified ) ( NNP Public ) ( NNPS Accountants ) ) ) ) ) ) ) ) ) ) ) )

The new Financial Accounting Standards Board FASB was created in 1972 to replace the Accounting Principles Board of the American Institute of Certified Public Accountants


( S ( NP-SBJ ( NP ( DT All ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ former ) ( NN board ) ( POS 's ) ) ( NNS members ) ) ) ) ( VP ( VBD were ) ( NP-PRD ( NNS CPAs ) ) ( S-ADV ( VP ( VBG provoking ) ( NP ( NN conflict-of-interest ) ( NN criticism ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBD were ) ( VP ( VBG writing ) ( NP ( NNS rules ) ) ( SBAR-TMP ( IN while ) ( S ( VP ( VBG handling ) ( NP ( NP ( NNS clients ) ( POS ' ) ) ( NNS books ) ) ( PP-TMP ( IN at ) ( NP ( DT the ) ( JJ same ) ( NN time ) ) ) ) ) ) ) ) ) ) ) ) ) )

All of the former board 's members were CPAs provoking conflict-of-interest criticism because they were writing rules while handling clients ' books at the same time


( S ( S ( NP-SBJ ( NP ( DT The ) ( JJ new ) ( NN board ) ( POS 's ) ) ( JJ seven-member ) ( NN structure ) ) ( VP ( VBD kept ) ( NP ( CD four ) ( NNS CPAs ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NNS others ) ) ( VP ( VBD were ) ( PP-PRD ( IN from ) ( NP ( NN industry ) ( CC and ) ( NN academia ) ) ) ) ) )

The new board 's seven-member structure kept four CPAs but the others were from industry and academia


( S ( NP-SBJ ( NP ( NNP Francis ) ( NNP M. ) ( NNP Wheat ) ) ( NP ( DT a ) ( JJ former ) ( NNPS Securities ) ( CC and ) ( NNP Exchange ) ( NNP Commission ) ( NN member ) ) ) ( VP ( VBD headed ) ( NP ( NP ( DT the ) ( NN panel ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD had ) ( VP ( VP ( VBN studied ) ( NP ( DT the ) ( NNS issues ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( NN year ) ) ) ) ( CC and ) ( VP ( VBD proposed ) ( NP ( DT the ) ( NNP FASB ) ) ( PP-TMP ( IN on ) ( NP ( NP ( NNP March ) ( CD 30 ) ) ( NP ( CD 1972 ) ) ) ) ) ) ) ) ) ) ) )

Francis M. Wheat a former Securities and Exchange Commission member headed the panel that had studied the issues for a year and proposed the FASB on March 30 1972


( S ( S-TPC-1 ( NP-SBJ ( DT The ) ( JJ former ) ( NN board ) ) ( VP ( VBD had ) ( VP ( VBN produced ) ( NP ( NP ( CD 21 ) ( NNS opinions ) ) ( CC and ) ( NP ( CD 1,000 ) ( NNS critics ) ) ) ( PP-TMP ( IN in ) ( NP ( PRP$ its ) ( JJ 12-year ) ( NN life ) ) ) ) ) ) ( NP-SBJ ( PRP$ its ) ( NN chairman ) ) ( VP ( VBD had ) ( VP ( VBN conceded ) ) ) )

The former board had produced 21 opinions and 1,000 critics in its 12-year life its chairman had conceded


( S ( NP-SBJ ( NP ( DT The ) ( NN climate ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ right ) ) ( PP-1 ( IN for ) ( NP ( DT the ) ( JJ new ) ( NNP FASB ) ) ) ) )

The climate was right for the new FASB


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ late ) ( NNS 1960s ) ) ) ( NP-SBJ-2 ( DT some ) ( NNS CPAs ) ) ( VP ( VBD failed ) ( S ( VP ( TO to ) ( VP ( VB correct ) ( NP ( NP ( JJ such ) ( NNS abuses ) ) ( PP ( IN as ) ( S-NOM ( NP-SBJ ( NNS clients ) ) ( VP ( VBG picking ) ( NP ( NP ( JJ permissive ) ( NNS rules ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( VP ( VBD hyped ) ( NP ( NP ( NNS earnings ) ) ( CC and ) ( NP ( NN stock ) ( NNS prices ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In the late 1960s some CPAs failed to correct such abuses as clients picking permissive rules that hyped earnings and stock prices


( S ( CC And ) ( PP-TMP ( IN in ) ( NP ( NNP November ) ( CD 1970 ) ) ) ( NP-SBJ-1 ( NNP Congress ) ) ( VP ( VBD had ) ( VP ( VBN passed ) ( NP ( DT a ) ( JJ special ) ( NN act ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB overrule ) ( NP ( CD one ) ( NN board ) ( NN rule ) ) ) ) ) ) ) )

And in November 1970 Congress had passed a special act to overrule one board rule


( S ( ADVP ( RB Also ) ) ( NP-SBJ ( NP ( NNP James ) ( NNP Needham ) ) ( NP ( DT an ) ( NNP SEC ) ( NN commissioner ) ) ) ( PP-TMP ( IN in ) ( NP ( NNP April ) ( CD 1972 ) ) ) ( VP ( VBD had ) ( VP ( VBN warned ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN industry ) ) ( VP ( MD might ) ( VP ( VB face ) ( NP ( NP ( DT a ) ( JJ federal ) ( NN agency ) ) ( VP ( VBG writing ) ( NP ( NN accounting ) ( NNS rules ) ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD rejected ) ( NP ( DT the ) ( NNP FASB ) ( NN idea ) ) ) ) ) ) ) ) ) ) ) )

Also James Needham an SEC commissioner in April 1972 had warned that the industry might face a federal agency writing accounting rules if they rejected the FASB idea


( S ( NP-SBJ ( NP ( NP ( NNS Keepers ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNS books ) ) ) ) ( VP ( VBN dubbed ) ( S ( NP-PRD ( NN figure ) ( NNS filberts ) ) ) ) ) ( VP ( VBD loathed ) ( NP ( DT the ) ( NN threat ) ) ) )

Keepers of the books dubbed figure filberts loathed the threat


( S ( NP-SBJ ( DT The ) ( NNP FASB ) ) ( VP ( VBD had ) ( NP ( PRP$ its ) ( JJ initial ) ( NN meeting ) ) ( PP-TMP ( IN on ) ( NP ( NP ( NNP March ) ( CD 28 ) ) ( NP ( CD 1973 ) ) ) ) ) )

The FASB had its initial meeting on March 28 1973


( S ( S ( PP-TMP ( IN On ) ( NP ( NP ( NNP Dec. ) ( CD 13 ) ) ( NP ( CD 1973 ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD issued ) ( NP ( PRP$ its ) ( JJ first ) ( NN rule ) ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD required ) ( S ( NP-SBJ ( NNS companies ) ) ( VP ( TO to ) ( VP ( VB disclose ) ( NP ( NP ( JJ foreign ) ( NN currency ) ( NNS translations ) ) ( PP-LOC ( IN in ) ( NP ( NNP U.S. ) ( NNS dollars ) ) ) ) ) ) ) ) ) )

On Dec. 13 1973 it issued its first rule it required companies to disclose foreign currency translations in U.S. dollars


( S ( S ( NP-SBJ ( DT The ) ( NNP FASB ) ) ( PP-TMP ( IN since ) ( ADVP ( RB then ) ) ) ( VP ( VBZ has ) ( VP ( VBN issued ) ( NP ( CD 102 ) ( NNS rules ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT some ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBP rile ) ( NP ( NN industry ) ) ) ) )

The FASB since then has issued 102 rules and some still rile industry


( S ( PP-TMP ( IN Since ) ( NP ( RB late ) ( CD 1987 ) ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN put ) ( PRT ( RP off ) ) ( NP ( NP ( DT a ) ( NN rule ) ) ( VP ( VBG dealing ) ( PP-CLR ( IN with ) ( NP ( JJ deferred ) ( NN income ) ( NNS taxes ) ) ) ) ) ( PP-PRP ( RB because ) ( IN of ) ( NP ( NP ( DT the ) ( VBG continuing ) ( NN controversy ) ) ( PP ( IN over ) ( NP ( DT the ) ( NN issue ) ) ) ) ) ) ) )

Since late 1987 for example it has put off a rule dealing with deferred income taxes because of the continuing controversy over the issue


( S ( NP-SBJ ( NP ( DT The ) ( NN market ) ) ( PP ( IN for ) ( NP ( NP ( QP ( CD 200 ) ( CD billion ) ) ) ( PP ( IN of ) ( NP ( JJ high-yield ) ( NN junk ) ( NNS bonds ) ) ) ) ) ) ( VP ( VBD regained ) ( NP ( NP ( DT some ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NN footing ) ) ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ ( DT the ) ( NNP Dow ) ( NNP Jones ) ( NNP Industrial ) ( NNP Average ) ) ( VP ( VBD rebounded ) ( PP-CLR ( IN from ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN plunge ) ) ) ) ) ) ) )

The market for 200 billion of high-yield junk bonds regained some of its footing as the Dow Jones Industrial Average rebounded from Friday 's plunge


( S ( CC But ) ( NP-SBJ ( NP ( DT the ) ( NN junk ) ( NN recovery ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN bellwether ) ( NNP RJR ) ( NNPS Holdings ) ( NNS bonds ) ) ) ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ precarious ) ) ) )

But the junk recovery led by the bellwether RJR Holdings bonds was precarious


( S ( S-TPC-2 ( NP-SBJ ( NP ( DT No ) ( VBG trading ) ) ) ( VP ( VBD existed ) ( PP-1 ( IN for ) ( NP ( NP ( DT the ) ( JJ vast ) ( NN majority ) ) ( PP ( IN of ) ( NP ( NN junk ) ( NNS bonds ) ) ) ) ) ) ) ( NP-SBJ ( NNS securities ) ( NN industry ) ( NNS officials ) ) ( VP ( VBD said ) ) )

No trading existed for the vast majority of junk bonds securities industry officials said


( S ( PP-TMP ( IN On ) ( NP ( NNP Friday ) ) ) ( NP-SBJ ( NP ( NN trading ) ) ( PP ( IN in ) ( NP ( RB practically ) ( DT every ) ( NN issue ) ) ) ) ( VP ( VBD ground ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( NN halt ) ) ) ( SBAR-TMP ( IN as ) ( S ( S ( NP-SBJ ( JJ potential ) ( NNS buyers ) ) ( VP ( VBD fled ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( NN brokerage ) ( NNS firms ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ unwilling ) ( S ( VP ( TO to ) ( VP ( VB provide ) ( NP ( NP ( NN bid ) ( CC and ) ( NN offer ) ( NNS prices ) ) ( PP ( IN for ) ( NP ( JJS most ) ( NNS issues ) ) ) ) ) ) ) ) ) ) ) ) ) )

On Friday trading in practically every issue ground to a halt as potential buyers fled and brokerage firms were unwilling to provide bid and offer prices for most issues


( SINV ( S-TPC-2 ( S ( NP-SBJ ( NN Nothing ) ) ( VP ( VBN traded ) ( PP-TMP ( IN on ) ( NP ( NNP Friday ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNS people ) ) ( VP ( VBD were ) ( RB n't ) ( ADJP-PRD ( RB really ) ( JJ sure ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( MD should ) ( VP ( VB have ) ( VP ( VBN opened ) ( NP-TMP ( NN yesterday ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Raymond ) ( NNP Minella ) ) ( NP ( NP ( NN co-head ) ) ( PP ( IN of ) ( NP ( NN merchant ) ( NN banking ) ) ) ( PP-LOC ( IN at ) ( NP ( NNP Merrill ) ( NNP Lynch ) ( CC & ) ( NNP Co ) ) ) ) ) )

Nothing traded on Friday and people were n't really sure where the market should have opened yesterday said Raymond Minella co-head of merchant banking at Merrill Lynch & Co


( S ( CC But ) ( NP-SBJ ( PRP we ) ) ( VP ( VBD had ) ( NP ( DT a ) ( ADJP ( RB fairly ) ( JJ active ) ) ( NN day ) ) ( NP-TMP ( NN yesterday ) ) ) )

But we had a fairly active day yesterday


( SINV ( S-TPC-2 ( PP-LOC ( IN At ) ( NP ( NP ( NNP Drexel ) ( NNP Burnham ) ( NNP Lambert ) ( NNP Inc. ) ) ( NP ( NP ( DT the ) ( VBG leading ) ( NN underwriter ) ) ( PP ( IN of ) ( NP ( NN junk ) ( NNS bonds ) ) ) ) ) ) ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ prepared ) ( S ( VP ( TO to ) ( VP ( VB be ) ( PP-PRD ( IN in ) ( NP ( DT a ) ( ADJP ( RB very ) ( JJ bad ) ) ( NN mood ) ) ) ( NP-TMP ( NN tonight ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP David ) ( NNP Feinman ) ) ( NP ( DT a ) ( NN junk ) ( NN bond ) ( NN trader ) ) ) )

At Drexel Burnham Lambert Inc. the leading underwriter of junk bonds I was prepared to be in a very bad mood tonight said David Feinman a junk bond trader


( S ( ADVP-TMP ( RB Now ) ) ( NP-SBJ ( PRP I ) ) ( VP ( VBP feel ) ( SBAR ( S ( ADVP ( RB maybe ) ) ( NP-SBJ ( EX there ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( DT a ) ( JJ little ) ( NN bit ) ) ( PP ( IN of ) ( NP ( NN euphoria ) ) ) ) ) ) ) ) )

Now I feel maybe there 's a little bit of euphoria


( S-1 ( CC But ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( DT the ) ( NN stock ) ( NN market ) ) ( VP ( VBD rebounded ) ( PP-CLR ( IN from ) ( NP ( DT a ) ( JJ sharp ) ( JJ early ) ( NN sell-off ) ) ) ( NP-TMP ( NN yesterday ) ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) ) ) ( S ( NP-SBJ ( PRP You ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB buy ) ( NP ( NN junk ) ( NNS bonds ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB give ) ( NP ( PRP them ) ) ( PRT ( RB away ) ) ) ) ) )

But before the stock market rebounded from a sharp early sell-off yesterday he said You could n't buy junk bonds and you could n't give them away


( S ( NP-SBJ-1 ( NP ( NN Yesterday ) ( POS 's ) ) ( NN rally ) ) ( VP ( VBD was ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP RJR ) ( NNPS Holdings ) ( ADJP ( QP ( CD 13 ) ( CD 3\/4 ) ) ( NN % ) ) ( NNS bonds ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( ADVP-TMP ( RB initially ) ) ( VP ( VBD tumbled ) ( NP-EXT ( NP ( CD three ) ( NNS points ) ) ( CC or ) ( NP ( NP ( CD 30 ) ) ( PP ( IN for ) ( NP ( DT each ) ( ADJP ( CD 1,000 ) ) ( NN face ) ( NN amount ) ) ) ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 96 ) ( CD 1\/4 ) ) ) ) ( PP-TMP ( IN before ) ( S-NOM ( VP ( VBG rebounding ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 99 ) ( CD 3\/4 ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Yesterday 's rally was led by RJR Holdings 13 3\/4 % bonds which initially tumbled three points or 30 for each 1,000 face amount to 96 1\/4 before rebounding to 99 3\/4


( S ( NP-SBJ-1 ( NP ( NNS Bonds ) ) ( VP ( VBN issued ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Kroger ) ) ( NP ( NNP Duracell ) ) ( NP ( NNP Safeway ) ) ( CC and ) ( NP ( NNP American ) ( NNP Standard ) ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD showed ) ( NP ( JJ big ) ( NNS gains ) ) ( S-ADV ( VP ( VBG recovering ) ( NP ( NP ( RB almost ) ( DT all ) ( PRP$ their ) ( NNS losses ) ) ( PP ( IN from ) ( NP ( NP ( NNP Friday ) ) ( CC and ) ( NP ( JJ early ) ( NN yesterday ) ) ) ) ) ) ) ) )

Bonds issued by Kroger Duracell Safeway and American Standard also showed big gains recovering almost all their losses from Friday and early yesterday


( S ( CC But ) ( NP-SBJ ( NNS traders ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN junk ) ( NN bond ) ( NN market ) ) ( ADVP ( RB increasingly ) ) ( VP ( VBZ is ) ( VP ( VBG separating ) ( PP-CLR ( IN into ) ( NP ( NP ( NP ( DT a ) ( JJ top-tier ) ( NN group ) ) ( SBAR ( WHPP-2 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ-1 ( NNS trades ) ) ( VP ( MD can ) ( VP ( VB be ) ( VP ( VBN executed ) ( ADVP-MNR ( RB easily ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT a ) ( JJR larger ) ( NN group ) ) ( PP ( IN of ) ( NP ( JJR lower-quality ) ( NNS bonds ) ) ) ( SBAR ( WHPP-3 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NP ( NN liquidity ) ) ( PRN ( CC or ) ( NP ( NP ( DT the ) ( NN ability ) ) ( S ( VP ( TO to ) ( VP ( VB trade ) ( PP-MNR ( IN without ) ( NP ( RB too ) ( JJ much ) ( NN difficulty ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( ADVP-MNR ( RB steadily ) ) ( VBN deteriorated ) ( NP-TMP ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But traders said the junk bond market increasingly is separating into a top-tier group in which trades can be executed easily and a larger group of lower-quality bonds in which liquidity or the ability to trade without too much difficulty has steadily deteriorated this year


( SINV ( S-TPC-1 ( NP-SBJ ( NN Liquidity ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBD returned ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( JJ vast ) ( JJ middle ) ( NN ground ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN market ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Minella ) ) ( PP ( IN of ) ( NP ( NNP Merrill ) ) ) ) )

Liquidity has n't returned to the vast middle ground of the market said Mr. Minella of Merrill


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NNS deadbeats ) ) ( VP ( VBP are ) ( ADVP-TMP ( RB still ) ) ( NP-PRD ( NNS deadbeats ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Feinman ) ) ( PP ( IN of ) ( NP ( NNP Drexel ) ) ) ) )

The deadbeats are still deadbeats said Mr. Feinman of Drexel


( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ concerned ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( JJ much ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ high-yield ) ( NN market ) ) ) ) ( VP ( MD will ) ( VP ( VB remain ) ( ADJP-PRD ( JJ treacherous ) ) ( PP ( IN for ) ( NP ( NNS investors ) ) ) ) ) ) ) ) ) )

Analysts are concerned that much of the high-yield market will remain treacherous for investors


( S ( NP-SBJ-2 ( NP ( NP ( NNP Paul ) ( NNP Asquith ) ) ( NP ( NP ( NN associate ) ( NN professor ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NAC ( DT the ) ( NNP Massachusetts ) ( NNP Institute ) ( PP ( IN of ) ( NP ( NNP Technology ) ) ) ) ( POS 's ) ) ( NP ( NNP Sloan ) ( NNP School ) ) ( PP ( IN of ) ( NP ( NNP Management ) ) ) ) ) ) ) ) ( S ( VP ( VBG citing ) ( NP ( NP ( DT a ) ( NN pattern ) ) ( PP ( IN of ) ( NP ( NP ( NN junk-bond ) ( NN default ) ( NNS rates ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VP ( VBP are ) ( ADJP-PRD ( JJ low ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ early ) ( NNS years ) ) ( PP-TMP ( IN after ) ( NP ( NN issuance ) ) ) ) ) ) ( CC and ) ( VP ( VBP rise ) ( ADVP-TMP ( RB later ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( ADVP-TMP ( RB now ) ) ( PP-LOC-PRD ( IN in ) ( NP ( NP ( DT a ) ( NN period ) ) ( SBAR ( WHADVP ( WRB where ) ) ( S ( NP-SBJ-3 ( PRP we ) ) ( VP ( VBP 're ) ( VP ( VBG starting ) ( S ( VP ( TO to ) ( VP ( VB see ) ( NP ( NP ( NNS defaults ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( JJ big ) ( NN issue ) ( NNS years ) ) ( PP ( IN of ) ( NP ( NP ( CD 1984 ) ) ( PP ( TO to ) ( NP ( CD 1986 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Paul Asquith associate professor at the Massachusetts Institute of Technology 's Sloan School of Management citing a pattern of junk-bond default rates that are low in the early years after issuance and rise later says We 're now in a period where we 're starting to see defaults from the big issue years of 1984 to 1986


( S ( NP-SBJ ( NP ( NNP Mark ) ( NNP Bachmann ) ) ( NP ( NP ( DT a ) ( JJ senior ) ( NN vice ) ( NN president ) ) ( PP ( IN at ) ( NP ( NP ( NNP Standard ) ( CC & ) ( NNP Poor ) ( POS 's ) ) ( NN Corp. ) ) ) ) ) ( VP ( VBZ confirms ) ( SBAR ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( VBG increasing ) ( NN concern ) ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( JJ future ) ( NN liquidity ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN junk ) ( NN bond ) ( NN market ) ) ) ) ) ) ) ) ) ) )

Mark Bachmann a senior vice president at Standard & Poor 's Corp. confirms that there is increasing concern about the future liquidity of the junk bond market


( SINV ( S-TPC-1 ( NP-SBJ ( NN Junk ) ( NNS bonds ) ) ( VP ( VBP are ) ( NP-PRD ( DT a ) ( ADJP ( RB highly ) ( JJ stratified ) ) ( NN market ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Lewis ) ( NNP Glucksman ) ) ( NP ( NP ( NN vice ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( NNP Smith ) ( NNP Barney ) ( NNP Harris ) ( NNP Upham ) ( CC & ) ( NNP Co ) ) ) ) ) )

Junk bonds are a highly stratified market said Lewis Glucksman vice chairman of Smith Barney Harris Upham & Co


( S ( NP-SBJ ( EX There ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( NP ( DT a ) ( JJ whole ) ( NN bunch ) ) ( PP ( IN of ) ( NP ( NN stuff ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ 's ) ( ADJP-PRD ( NP-ADV ( NN money ) ) ( JJ good ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT a ) ( JJ whole ) ( NN bunch ) ) ( PP ( IN of ) ( NP ( NN stuff ) ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ 's ) ( RB not ) ( ADJP-PRD ( RB so ) ( JJ good ) ) ) ) ) ) ) ) )

There 's a whole bunch of stuff that 's money good and a whole bunch of stuff that 's not so good


( S ( NP-SBJ ( NP ( NNS Analysts ) ) ( PP-LOC ( IN at ) ( NP ( NNP Standard ) ( CC & ) ( NNP Poor ) ( POS 's ) ) ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ-1 ( NP ( NN junk ) ( NN bond ) ( NNS offerings ) ) ( PP ( IN by ) ( NP ( ADJP ( RB tightly ) ( JJ stretched ) ) ( NNS issuers ) ) ) ) ( VP ( VBP seem ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBG growing ) ) ) ) ) ) ) ) ) )

Analysts at Standard & Poor 's say junk bond offerings by tightly stretched issuers seem to be growing


( S ( NP-SBJ ( NP ( QP ( RB Almost ) ( CD 8 ) ( CD billion ) ) ) ( PP ( IN of ) ( NP ( NP ( NN junk ) ( NNS bonds ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBP are ) ( VP ( VBN considered ) ( S ( ADJP-PRD ( JJ untradeable ) ) ) ) ) ) ) ) ) ) ( VP ( VBP include ) ( NP ( NP ( NNS issues ) ) ( PP ( IN from ) ( NP ( NP ( NNP SCI ) ( NNP TV ) ) ( NP ( NP ( NNP Gillette ) ( NNPS Holdings ) ) ( PRN ( ADJP ( RB not ) ( JJ related ) ( PP ( TO to ) ( NP ( NNP Gillette ) ( NNP Co. ) ) ) ) ) ) ( NP ( NNP Interco ) ) ( NP ( NNP Seaman ) ( NNP Furniture ) ) ( NP ( NNP Allied ) ( NNPS Stores ) ) ( NP ( NNP Federated ) ( NNP Department ) ( NNPS Stores ) ) ( NP ( NNP National ) ( NNP Gypsum ) ) ( NP ( NNP M.D.C. ) ( NNPS Holdings ) ) ( NP ( NNP Micropolis ) ) ( NP ( NNP Leaseway ) ( NNP Transportation ) ) ( CC and ) ( NP ( NNP Price ) ( NNPS Communications ) ) ) ) ) ) )

Almost 8 billion of junk bonds that are considered untradeable include issues from SCI TV Gillette Holdings not related to Gillette Co. Interco Seaman Furniture Allied Stores Federated Department Stores National Gypsum M.D.C. Holdings Micropolis Leaseway Transportation and Price Communications


( SINV ( S-TPC-1 ( NP-SBJ ( PRP You ) ) ( VP ( MD could ) ( ADVP ( RB still ) ) ( VP ( VB have ) ( NP ( DT some ) ( ADJP ( RB very ) ( JJ bad ) ) ( NNS times ) ) ( ADVP-LOC ( RB ahead ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Bachmann ) ) )

You could still have some very bad times ahead said Mr. Bachmann


( S ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ possible ) ) ( S-1 ( VP ( TO to ) ( VP ( VB have ) ( NP ( DT a ) ( ADJP ( CD 10 ) ( NN % ) ) ( NN default ) ( NN rate ) ) ( PP-TMP ( IN in ) ( NP ( CD one ) ( NN year ) ) ) ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP 're ) ( ADVP ( RB already ) ) ( VP ( VBG seeing ) ( NP ( JJ big ) ( NNS problems ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN midst ) ) ( PP ( IN of ) ( NP ( DT a ) ( ADJP ( RB pretty ) ( JJ strong ) ) ( NN economy ) ) ) ) ) ) ) ) ) ) )

It 's possible to have a 10 % default rate in one year because we 're already seeing big problems in the midst of a pretty strong economy


( S ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBP 'm ) ( ADVP ( RB certainly ) ) ( RB not ) ( ADJP-PRD ( JJ comfortable ) ( S ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP 've ) ( VP ( VBN seen ) ( NP ( DT the ) ( NN bottom ) ) ) ) ) ) ) ) ) ) )

I 'm certainly not comfortable saying we 've seen the bottom


( S ( CC But ) ( NP-SBJ ( NP ( NP ( NN yesterday ) ( POS 's ) ) ( NN rally ) ) ( PP-LOC ( IN among ) ( NP ( JJ good ) ( NN junk ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( RB badly ) ( JJ needed ) ( NN tonic ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN market ) ) ) ) ) )

But yesterday 's rally among good junk was a badly needed tonic for the market


( S-1 ( S ( NP-SBJ ( JJ Many ) ( NNS issues ) ) ( VP ( VBD bounced ) ( PP-CLR ( IN off ) ( NP ( DT the ) ( NN floor ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Minella ) ) ( VP ( VBD said ) ) ) ) ( CC and ) ( S ( NP-SBJ ( JJ benchmark ) ( NN junk ) ( NNS issues ) ) ( VP ( VBD recovered ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ their ) ( NNS losses ) ) ( PP ( IN from ) ( NP ( NP ( NNP Friday ) ) ( CC and ) ( NP ( JJ early ) ( NN yesterday ) ) ) ) ) ) ) ) ) )

Many issues bounced off the floor Mr. Minella said and benchmark junk issues recovered all of their losses from Friday and early yesterday


( S-3 ( PP ( IN In ) ( NP ( NN contrast ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( S ( NP-SBJ ( DT The ) ( NN stock ) ( NN market ) ) ( VP ( VBD gained ) ( PRT ( RP back ) ) ( NP ( NP ( QP ( RB only ) ( IN about ) ( NN half ) ) ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBN lost ) ( NP-TMP ( NNP Friday ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NN government ) ( NN bond ) ( NN market ) ) ( VP ( VBN lost ) ( NP ( NP ( QP ( IN about ) ( NN half ) ) ) ( SBAR-NOM ( WHNP-2 ( WP what ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBN gained ) ( NP-TMP ( NNP Friday ) ) ) ) ) ) ) ) )

In contrast he says The stock market gained back only about half what it lost Friday and the government bond market lost about half what it gained Friday


( S ( NP-SBJ ( NNS Traders ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( NN yesterday ) ( POS 's ) ) ( NN rally ) ) ( VP ( VBD was ) ( VP ( VBN fueled ) ( PP ( IN by ) ( NP-LGS ( NP ( NN insurance ) ( NNS companies ) ) ( VP ( VBG looking ) ( PP-CLR ( IN for ) ( NP ( NNS bargains ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( DT a ) ( JJ drastic ) ( NN slide ) ) ( PP ( IN in ) ( NP ( NNS prices ) ) ) ( NP-TMP ( DT the ) ( JJ past ) ( NN month ) ) ) ) ) ) ) ) ) ) ) ) )

Traders said yesterday 's rally was fueled by insurance companies looking for bargains after a drastic slide in prices the past month


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ-2 ( JJ mutual ) ( NNS funds ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB appear ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( NP ( JJ major ) ( NNS sellers ) ) ( PP ( IN of ) ( NP ( NN high-yield ) ( NNS securities ) ) ) ) ( SBAR-ADV ( IN as ) ( S ( VP ( VBD was ) ( VP ( VBN expected ) ) ) ) ) ) ) ) ) ) )

In addition mutual funds did n't appear to be major sellers of high-yield securities as was expected


( SINV ( S-TPC-1 ( ADVP-TMP ( RB Sometimes ) ) ( NP-SBJ ( DT a ) ( NN shakeout ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ healthy ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Drexel ) ( POS 's ) ) ( NNP Mr. ) ( NNP Feinman ) ) )

Sometimes a shakeout is healthy said Drexel 's Mr. Feinman


( S ( NP-SBJ-1 ( NNS People ) ) ( VP ( MD will ) ( VP ( VB learn ) ( S ( VP ( TO to ) ( VP ( VB be ) ( ADJP-PRD ( RBR more ) ( JJ circumspect ) ) ) ) ) ) ) )

People will learn to be more circumspect


( S ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP do ) ( NP ( JJ good ) ( NN credit ) ( NN analysis ) ) ) ) ) ( NP-SBJ ( PRP they ) ) ( VP ( MD will ) ( VP ( VB avoid ) ( NP ( DT the ) ( NN hand ) ( NNS grenades ) ) ) ) )

If they do good credit analysis they will avoid the hand grenades


( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VBZ is ) ( PP-PRD ( IN in ) ( NP ( JJ good ) ( NN shape ) ) ) ) ) ) ) )

I think the market is in good shape


( S ( NP-SBJ ( NNP Debora ) ( NNP Foster ) ) ( VP ( VP ( VBZ takes ) ( PRT ( RP off ) ) ( NP ( PRP$ her ) ( NN necklace ) ) ) ( VP ( VBZ settles ) ( NP ( PRP herself ) ) ( PP-LOC ( IN on ) ( NP ( DT a ) ( JJ padded ) ( NN chair ) ) ) ) ( CC and ) ( VP ( ADVP-MNR ( RB gently ) ) ( VBZ leans ) ( ADVP-DIR ( RB forward ) ) ) ) )

Debora Foster takes off her necklace settles herself on a padded chair and gently leans forward


( S ( PP ( IN With ) ( S-NOM ( NP-SBJ ( DT a ) ( JJ jazz-piano ) ( NN tape ) ) ( VP ( VBG playing ) ( ADVP-MNR ( RB softly ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN background ) ) ) ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( VBG soothing ) ( NNS hands ) ) ( PP ( IN of ) ( NP ( NNP Sabina ) ( NNP Vidunas ) ) ) ) ( VP ( VBP begin ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PP-CLR ( IN on ) ( NP ( NP ( NNP Ms. ) ( NNP Foster ) ( POS 's ) ) ( NN neck ) ( CC and ) ( NNS shoulders ) ) ) ) ) ) ) )

With a jazz-piano tape playing softly in the background the soothing hands of Sabina Vidunas begin to work on Ms. Foster 's neck and shoulders


( S ( S-TPC-1 ( NP-SBJ ( PRP It ) ) ( VP ( VBZ 's ) ( PP-PRD ( IN like ) ( NP ( DT an ) ( NN oasis ) ) ) ( PP-LOC ( IN in ) ( NP ( DT this ) ( NN room ) ) ) ) ) ( NP-SBJ ( NNP Ms. ) ( NNP Foster ) ) ( VP ( VBZ purrs ) ) )

It 's like an oasis in this room Ms. Foster purrs


( S ( NP-SBJ ( NP ( DT The ) ( NN room ) ) ( PP ( IN in ) ( NP ( NN question ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( DT the ) ( NNS directors ) ( POS ' ) ) ( NN lounge ) ) ( PP ( IN of ) ( NP ( NNP H.J. ) ( NNP Heinz ) ( NNP Co. ) ) ) ( PP-LOC ( NP-ADV ( CD 60 ) ( NNS floors ) ) ( IN above ) ( NP ( NP ( DT the ) ( NN bustle ) ) ( PP ( IN of ) ( NP ( NNP Pittsburgh ) ) ) ) ) ) ) )

The room in question is the directors ' lounge of H.J. Heinz Co. 60 floors above the bustle of Pittsburgh


( S ( ADVP-LOC ( RB There ) ) ( PP-LOC ( IN amid ) ( NP ( NP ( NN oil ) ( NNS paintings ) ) ( CC and ) ( NP ( NN marble ) ( NNS tables ) ) ) ) ( NP-SBJ-1 ( NNS massages ) ) ( VP ( VBP are ) ( VP ( VBN administered ) ( NP-TMP ( DT every ) ( NNP Wednesday ) ) ) ) )

There amid oil paintings and marble tables massages are administered every Wednesday


( S-4 ( PP-TMP ( IN On ) ( NP ( NP ( NNS days ) ) ( SBAR ( WHADVP-3 ( IN that ) ) ( S ( NP-SBJ ( PRP I ) ) ( VP ( VBP 'm ) ( ADJP-PRD ( RB really ) ( JJ busy ) ) ) ) ) ) ) ( PRN ( SINV ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Ms. ) ( NNP Foster ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBZ works ) ( PP-LOC ( IN in ) ( NP ( JJ public ) ( NNS relations ) ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ seems ) ( ADJP-PRD ( JJ decadent ) ) ( S-1 ( VP ( TO to ) ( VP ( VB take ) ( NP-CLR ( NN time ) ) ( PRT ( RP off ) ) ( PP-PRP ( IN for ) ( NP ( DT a ) ( NN massage ) ) ) ) ) ) ) )

On days that I 'm really busy says Ms. Foster who works in public relations for the company it seems decadent to take time off for a massage


( S ( SBAR-ADV ( IN Although ) ( S ( NP-SBJ ( JJ such ) ( NNS sessions ) ) ( VP ( MD may ) ( ADVP-TMP ( RB never ) ) ( VP ( VB replace ) ( NP ( NN coffee ) ( NNS breaks ) ) ) ) ) ) ( NP-SBJ ( NP ( JJ on-site ) ( NN massage ) ) ( PRN ( SBAR-ADV ( IN as ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBN known ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN trade ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( VP ( ADVP ( RB certainly ) ) ( VBG infiltrating ) ( NP ( JJ corporate ) ( NNP America ) ) ) ) )

Although such sessions may never replace coffee breaks on-site massage as it is known in the trade is certainly infiltrating corporate America


( S ( PP-LOC ( IN In ) ( NP ( DT some ) ( NNS companies ) ) ) ( NP-SBJ-1 ( JJ middle ) ( NNS managers ) ) ( VP ( VBP sneak ) ( NP ( NN massage ) ( NNS therapists ) ) ( PP-LOC ( IN into ) ( NP ( DT the ) ( NN office ) ) ) ( S-ADV ( ADJP-PRD ( JJ fearful ) ( SBAR ( IN that ) ( S ( NP-SBJ ( JJ upper-level ) ( NNS executives ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB approve ) ) ) ) ) ) ) ) )

In some companies middle managers sneak massage therapists into the office fearful that upper-level executives wo n't approve


( S ( NP-SBJ ( NP ( NNP Ms. ) ( NNP Foster ) ( POS 's ) ) ( NN indulgence ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NN nothing ) ) ( PP ( IN like ) ( NP ( NP ( DT the ) ( JJ oily ) ( JJ hour-long ) ( NNS rubfests ) ) ( VP ( VBN enjoyed ) ( PP ( IN by ) ( NP-LGS ( NN spa ) ( NNS visitors ) ) ) ) ) ) ) ) )

Ms. Foster 's indulgence is nothing like the oily hour-long rubfests enjoyed by spa visitors


( SINV ( CC Nor ) ( VBZ does ) ( NP-SBJ ( PRP it ) ) ( VP ( ADVP ( IN at ) ( DT all ) ) ( VB resemble ) ( PRN ( PP ( IN despite ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( DT some ) ( NNS executives ) ) ( VP ( VBP think ) ) ) ) ) ) ( NP ( NP ( DT the ) ( ADJP ( RBR more ) ( JJ intimate ) ) ( NN variety ) ) ( VP ( VBN offered ) ( PP-LOC ( IN at ) ( NP ( NN specialty ) ( NNS parlors ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( JJ bad ) ( NNS parts ) ) ( PP ( IN of ) ( NP ( NN town ) ) ) ) ) ) ) ) )

Nor does it at all resemble despite what some executives think the more intimate variety offered at specialty parlors in bad parts of town


( S ( PP ( IN On ) ( NP ( DT the ) ( NN contrary ) ) ) ( NP-SBJ ( NN office ) ( NNS rubdowns ) ) ( ADVP ( RB usually ) ) ( VP ( VBP take ) ( NP-CLR ( NN place ) ) ( PP-LOC ( IN in ) ( NP ( NP ( ADJP ( RB dimly ) ( JJ lighted ) ) ( NN conference ) ( NNS rooms ) ) ( SBAR ( WHADVP ( WRB where ) ) ( S ( NP-SBJ-1 ( JJ stressed-out ) ( NNS employees ) ) ( VP ( VBP relax ) ( PP-LOC ( IN in ) ( NP ( ADJP ( RB specially ) ( VBN designed ) ) ( NNS chairs ) ) ) ( S-ADV ( ADJP-PRD ( RB fully ) ( VBN clothed ) ) ) ) ) ) ) ) ) )

On the contrary office rubdowns usually take place in dimly lighted conference rooms where stressed-out employees relax in specially designed chairs fully clothed


( S ( NP-SBJ ( DT The ) ( NNS massages ) ) ( VP ( VP ( VBP last ) ( NP-TMP ( CD 15 ) ( NNS minutes ) ) ) ( CC and ) ( VP ( ADVP ( RB typically ) ) ( VBP cost ) ( NP ( QP ( IN about ) ( CD 10 ) ) ) ) ) )

The massages last 15 minutes and typically cost about 10


( S ( NP-SBJ ( NP ( DT Some ) ( NNS companies ) ) ( PP ( VBG including ) ( NP ( NNP Heinz ) ) ) ) ( ADVP ( RB even ) ) ( VP ( VBP pay ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN fee ) ) ) ) ) )

Some companies including Heinz even pay part of the fee


( S ( NP-SBJ ( NNP Ms. ) ( NNP Vidunas ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG seeing ) ( NP ( NP ( QP ( DT some ) ( CD 15 ) ) ( NNS clients ) ) ( NP-ADV ( DT a ) ( NN visit ) ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ-1 ( DT the ) ( NN program ) ) ( VP ( VBD was ) ( VP ( VBN started ) ( PP-LOC ( IN at ) ( NP ( NNP Heinz ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ) ) ) ) )

Ms. Vidunas has been seeing some 15 clients a visit since the program was started at Heinz last year


( S ( NP-SBJ-1 ( NP ( NNP Anthony ) ( NNP J.F. ) ( NNP O'Reilly ) ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NN chairman ) ) ) ( VP ( VBZ swears ) ( PP-CLR ( IN by ) ( NP ( PRP$ her ) ( JJ firm ) ( NN touch ) ) ) ( S-ADV ( VP ( VBG saying ) ( SBAR ( S ( NP-SBJ ( JJ regular ) ( NNS massages ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( DT a ) ( NN balm ) ) ( PP ( IN for ) ( NP ( PRP$ his ) ( JJ old ) ( NN football ) ( NNS injuries ) ) ) ) ) ) ) ) ) ) )

Anthony J.F. O'Reilly the company 's chairman swears by her firm touch saying regular massages are a balm for his old football injuries


( S ( NP-SBJ ( NN Massage ) ( NNS advocates ) ) ( VP ( VBP say ) ( SBAR ( IN that ) ( S ( S-NOM-SBJ ( VP ( VBG kneading ) ( NP ( DT the ) ( NN head ) ( NNS shoulders ) ( NN neck ) ( CC and ) ( NN back ) ) ) ) ( VP ( MD can ) ( VP ( VB go ) ( PP ( NP-ADV ( DT a ) ( JJ long ) ( NN way ) ) ( IN toward ) ( S-NOM ( VP ( VP ( VBG easing ) ( NP ( NN tension ) ) ) ( CC and ) ( VP ( VBG improving ) ( NP ( NN morale ) ) ) ) ) ) ) ) ) ) ) )

Massage advocates say that kneading the head shoulders neck and back can go a long way toward easing tension and improving morale


( S ( NP-SBJ ( PRP They ) ) ( ADVP ( RB also ) ) ( VP ( VBP insist ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ ( VBG touching ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ basic ) ( NN need ) ) ( ADJP ( ADJP ( RB as ) ( JJ powerful ) ) ( PP ( IN as ) ( NP ( NP ( DT the ) ( NN need ) ) ( PP ( IN for ) ( NP ( NN food ) ( CC or ) ( NN sleep ) ) ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NN office ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NP ( ADJP ( RB as ) ( JJ good ) ) ( DT a ) ( NN place ) ) ( PP ( IN as ) ( NP ( DT any ) ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB do ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ) ) ) )

They also insist that touching is a basic need as powerful as the need for food or sleep and that the office is as good a place as any to do it


( SINV ( S-TPC-1 ( S ( NP-SBJ ( DT The ) ( NN blood ) ) ( VP ( VBZ flows ) ( PP-DIR ( TO to ) ( NP ( PRP$ your ) ( NN head ) ) ) ) ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP feel ) ( ADJP-PRD ( JJ lightheaded ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB feel ) ( NP ( NP ( NN tension ) ) ( PP-LOC ( IN around ) ( NP ( DT the ) ( NN head ) ( CC or ) ( NN neck ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Minnie ) ( NNP Morey ) ) ( NP ( NP ( DT an ) ( NNS operations ) ( NN supervisor ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT the ) ( NNP Social ) ( NNP Security ) ( NN office ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Grand ) ( NNPS Rapids ) ) ( NP ( NNP Mich. ) ) ) ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ ( NNS massages ) ) ( VP ( VBD began ) ( NP-TMP ( JJ last ) ( NN month ) ) ) ) ) ) ) ) ) )

The blood flows to your head you feel lightheaded and you do n't feel tension around the head or neck says Minnie Morey an operations supervisor at the Social Security office in Grand Rapids Mich. where massages began last month


( S ( SBAR-TMP ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP leave ) ( NP ( DT the ) ( NN room ) ) ( PP-TMP ( IN after ) ( NP ( PRP$ your ) ( NN massage ) ) ) ) ) ) ( NP-SBJ ( NNS people ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP look ) ( SBAR-PRD ( IN like ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP 're ) ( VP ( VBG glowing ) ) ) ) ) ) ) ) ) )

When you leave the room after your massage people say you look like you 're glowing


( SINV ( VP ( VBZ Adds ) ) ( NP-SBJ ( NP ( NNP Candice ) ( NNP Ohlman ) ) ( NP ( NP ( DT the ) ( JJ 35-year-old ) ( NN masseuse ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ plies ) ( NP ( PRP$ her ) ( NN trade ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Grand ) ( NNPS Rapids ) ( NN office ) ) ) ) ) ) ) ) ( S-2 ( NP-SBJ ( PRP They ) ) ( VP ( VBP fall ) ( PP-CLR ( IN in ) ( NP ( NN love ) ) ) ( PP-CLR ( IN with ) ( NP ( PRP$ my ) ( NNS hands ) ) ) ) ) )

Adds Candice Ohlman the 35-year-old masseuse who plies her trade in the Grand Rapids office They fall in love with my hands


( S ( NP-SBJ ( RB Not ) ( NN everyone ) ) ( ADVP ( RB however ) ) ( VP ( VBZ is ) ( PP-PRD ( IN at ) ( NP ( NP ( NN ease ) ) ( PP ( IN with ) ( NP ( NN office ) ( NN massage ) ) ) ) ) ) )

Not everyone however is at ease with office massage


( S ( ADVP-TMP ( NP ( CD Three ) ( NNS years ) ) ( RB ago ) ) ( NP-SBJ ( NP ( NP ( DT the ) ( NNP Internal ) ( NNP Revenue ) ( NNP Service ) ( POS 's ) ) ( NN office ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP San ) ( NNP Jose ) ) ( NP ( NNP Calif. ) ) ) ) ) ( VP ( VBD opened ) ( NP-CLR ( PRP$ its ) ( NNS doors ) ) ( PP-CLR ( TO to ) ( NP ( JJ on-site ) ( NN massage ) ) ) ) )

Three years ago the Internal Revenue Service 's office in San Jose Calif. opened its doors to on-site massage


( S ( CC And ) ( SBAR-ADV ( RB even ) ( IN though ) ( S ( NP-SBJ ( NNS employees ) ) ( VP ( VBD paid ) ( NP ( DT the ) ( NN bill ) ) ) ) ) ( NP-SBJ ( NNS taxpayers ) ) ( VP ( VBD grumbled ) ) )

And even though employees paid the bill taxpayers grumbled


( SINV ( S-TPC-1 ( ADVP ( RB Sometimes ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN release ) ) ( PP ( IN of ) ( NP ( NN stress ) ) ) ) ) ( NP-SBJ ( PRP you ) ) ( VP ( VBP hear ) ( S ( NP-SBJ ( UH oohs ) ( CC and ) ( UH ahs ) ) ( VP ( VBG coming ) ( PP-CLR ( IN out ) ( PP ( IN of ) ( NP ( DT the ) ( NN room ) ) ) ) ) ) ) ) ( VP ( VBZ explains ) ) ( NP-SBJ ( NP ( NNP Morgan ) ( NNP Banks ) ) ( NP ( NP ( DT the ) ( NN agency ) ( POS 's ) ) ( NN health ) ( NN specialist ) ) ) )

Sometimes with the release of stress you hear oohs and ahs coming out of the room explains Morgan Banks the agency 's health specialist


( S ( CC And ) ( NP-SBJ ( PRP you ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB have ) ( S ( NP-SBJ ( NP ( NNS taxpayers ) ) ( VP ( VBG coming ) ( PP-DIR ( IN into ) ( NP ( DT an ) ( NN audit ) ) ) ) ) ( VP ( VBG hearing ) ( NP ( UH oohs ) ( CC and ) ( UH ahs ) ) ) ) ) ) )

And you ca n't have taxpayers coming into an audit hearing oohs and ahs


( S ( NP-TMP ( JJ Last ) ( NN month ) ) ( S ( NP-SBJ ( DT the ) ( NNS complaints ) ) ( VP ( VBN intensified ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NNS massages ) ) ( VP ( VBN ended ) ) ) )

Last month the complaints intensified and the massages ended


( S ( S-TPC-1 ( ADVP-TMP ( RB Now ) ) ( NP-SBJ ( PRP we ) ) ( VP ( VBP 're ) ( VP ( VBG looking ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( NN room ) ) ( PP ( IN with ) ( NP ( JJR thicker ) ( NNS walls ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Ms. ) ( NNP Banks ) ) ( VP ( VBZ says ) ) )

Now we 're looking for a room with thicker walls Ms. Banks says


( S ( NP-SBJ ( NN Massage ) ) ( ADVP ( RB also ) ) ( VP ( VBZ has ) ( NP ( NP ( DT an ) ( NN image ) ( NN problem ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB contend ) ( PP-CLR ( IN with ) ) ) ) ) ) ) ) )

Massage also has an image problem to contend with


( S ( NP-SBJ-1 ( DT Some ) ( NNS masseurs ) ) ( VP ( VBP have ) ( VP ( VBN tried ) ( S ( VP ( TO to ) ( VP ( VB get ) ( PP-CLR ( IN around ) ( NP ( DT this ) ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VP ( VBG calling ) ( S ( NP-SBJ ( PRP themselves ) ) ( NP-PRD ( NNS bodyworkers ) ) ) ) ( CC and ) ( VP ( VBG describing ) ( NP ( PRP$ their ) ( NN office ) ( NNS visits ) ) ( PP-CLR ( IN as ) ( NP ( NN reinvigoration ) ( NNS breaks ) ) ) ) ) ) ) ) ) ) ) ) )

Some masseurs have tried to get around this by calling themselves bodyworkers and describing their office visits as reinvigoration breaks


( S ( S ( CC But ) ( NP-SBJ-1 ( NP ( NN massage ) ) ( PRN ( FRAG ( NP ( DT no ) ( NN matter ) ) ( WHADJP ( WRB how ) ( JJ chaste ) ) ) ) ) ( VP ( VBZ is ) ( ADVP ( RB still ) ) ( VP ( JJ associated ) ( PP-LOC ( IN in ) ( NP ( JJ many ) ( NNS minds ) ) ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ seedy ) ( NNS fronts ) ) ( PP ( IN for ) ( NP ( NN prostitution ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT that ) ) ( VP ( VBZ makes ) ( S ( NP-SBJ ( DT some ) ( NNS executives ) ) ( ADJP-PRD ( JJ nervous ) ) ) ) ) )

But massage no matter how chaste is still associated in many minds with seedy fronts for prostitution and that makes some executives nervous


( S ( NP-TMP ( JJ Last ) ( NN year ) ) ( NP-SBJ ( NP ( DT the ) ( NN research ) ( CC and ) ( NN development ) ( NN division ) ) ( PP ( IN of ) ( NP ( NP ( NNP Weyerhaeuser ) ( NNP Co. ) ) ( NP ( DT the ) ( JJ large ) ( NNS wood-products ) ( NN concern ) ) ) ) ) ( VP ( VBD invited ) ( NP ( DT a ) ( NN masseuse ) ) ( PP-CLR ( TO to ) ( NP ( PRP$ its ) ( NAC-LOC ( NNP Tacoma ) ( NNP Wash. ) ) ( NNS offices ) ) ) ) )

Last year the research and development division of Weyerhaeuser Co. the large wood-products concern invited a masseuse to its Tacoma Wash. offices


( S ( NP-SBJ ( NP ( NNP Phil ) ( NNP Harms ) ) ( NP ( DT a ) ( NN software ) ( NN engineer ) ) ) ( VP ( VBD was ) ( NP-PRD ( DT an ) ( JJ eager ) ( NN customer ) ) ) )

Phil Harms a software engineer was an eager customer


( S ( S-TPC-2 ( NP-SBJ-1 ( PRP You ) ) ( VP ( VBP build ) ( PRT ( RP up ) ) ( NP ( NP ( DT a ) ( NN lot ) ) ( PP ( IN of ) ( NP ( NN tension ) ) ) ) ( S-ADV ( VP ( VBG working ) ( PP-LOC ( IN at ) ( NP ( DT a ) ( NN terminal ) ) ) ( NP-TMP ( DT all ) ( NN day ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

You build up a lot of tension working at a terminal all day he says


( S ( CC But ) ( PP-TMP ( IN after ) ( NP ( IN about ) ( CD eight ) ( NNS months ) ) ) ( NP-SBJ ( NP ( NP ( DT the ) ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN division ) ) ) ) ( NP ( NNP Ed ) ( NNP Soule ) ) ) ( VP ( VP ( VBD learned ) ( PP-CLR ( IN about ) ( NP ( DT the ) ( NNS sessions ) ) ) ) ( CC and ) ( VP ( VBD brought ) ( NP ( PRP them ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( NN halt ) ) ) ) ) )

But after about eight months the vice president of the division Ed Soule learned about the sessions and brought them to a halt


( S ( NP-SBJ ( NNP Mr. ) ( NNP Soule ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( PRP$ his ) ( JJ only ) ( NN beef ) ) ( VP ( VBD was ) ( SBAR-PRD ( IN that ) ( S ( S ( NP-SBJ-1 ( DT the ) ( NNS massages ) ) ( VP ( VBD were ) ( VP ( VBG being ) ( VP ( VBN given ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN company ) ( NN conference ) ( NN room ) ) ) ) ) ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NN department ) ( POS 's ) ) ( JJ supervised ) ( NN health ) ( NN facility ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN been ) ( ADJP-PRD ( JJ fine ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Soule says his only beef was that the massages were being given in a company conference room the department 's supervised health facility would have been fine


( S ( S-TPC-1 ( PP-LOC ( IN In ) ( NP ( PRP$ my ) ( NN view ) ) ) ( NP-SBJ ( NNS massages ) ) ( VP ( MD should ) ( VP ( VB be ) ( VP ( VBN managed ) ( PP-MNR ( IN with ) ( NP ( NP ( DT an ) ( JJ appropriate ) ( NN mixture ) ) ( PP ( IN of ) ( NP ( NNS males ) ( CC and ) ( NNS females ) ) ) ( ADVP-LOC ( IN around ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

In my view massages should be managed with an appropriate mixture of males and females around he says


( S ( PP ( VBN Given ) ( NP ( JJ such ) ( NNS attitudes ) ) ) ( NP-SBJ-1 ( DT some ) ( JJ corporate ) ( NNS masseurs ) ) ( VP ( VBP prefer ) ( S ( VP ( TO to ) ( VP ( VB go ) ( PP-CLR ( IN about ) ( NP ( PRP$ their ) ( NN business ) ) ) ( ADVP-MNR ( RB quietly ) ) ) ) ) ) )

Given such attitudes some corporate masseurs prefer to go about their business quietly


( S ( NP-SBJ ( NP ( NNP Russell ) ( NNP Borner ) ) ( PP ( IN of ) ( NP ( NP ( NNP Park ) ( NNP Ridge ) ) ( NP ( NNP N.J. ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG working ) ( PP-TMP ( IN for ) ( NP ( DT the ) ( JJ past ) ( NN year ) ) ) ( PP-LOC ( IN at ) ( NP ( NP ( DT a ) ( JJ huge ) ( NN chemical ) ( CC and ) ( NN manufacturing ) ( NN concern ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ( S-ADV ( ADJP-PRD ( JJ unbeknownst ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNS executives ) ) ) ) ) ) ) ) ) ) ) )

Russell Borner of Park Ridge N.J. says he has been working for the past year at a huge chemical and manufacturing concern in New York unbeknownst to the company 's executives


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ visits ) ( NP ( DT the ) ( JJ same ) ( NN department ) ) ( NP-TMP ( QP ( DT every ) ( CD two ) ( CC or ) ( CD three ) ) ( NNS weeks ) ) ) )

He visits the same department every two or three weeks


( S ( S ( NP-SBJ-1 ( PRP$ His ) ( NN massage ) ( NN chair ) ) ( VP ( VBZ is ) ( VP ( VBN kept ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN closet ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT a ) ( NN secretary ) ) ( VP ( VBZ escorts ) ( NP ( PRP him ) ) ( PP ( RB past ) ( NP ( NN security ) ) ) ) ) )

His massage chair is kept in a closet and a secretary escorts him past security