( S ( ADVP ( RB Moreover ) ) ( NP-SBJ ( JJ many ) ( JJ financial ) ( NNS advisers ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( NNS individuals ) ) ( VP ( MD should ) ( VP ( VB be ) ( PP-LOC-PRD ( IN in ) ( NP ( DT the ) ( NN stock ) ( NN market ) ) ) ( PP ( PP ( IN as ) ( NP ( JJ long-term ) ( NNS investors ) ) ) ( RB not ) ( PP ( IN as ) ( NP ( NP ( NNS traders ) ) ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB catch ) ( NP ( DT the ) ( JJ next ) ( JJ hot ) ( NN stock ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Moreover many financial advisers say individuals should be in the stock market as long-term investors not as traders trying to catch the next hot stock


( S-1 ( PP ( IN In ) ( ADJP ( JJ general ) ) ) ( PRN ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP say ) ) ) ) ( VP ( VB avoid ) ( NP ( NN takeover ) ( NNS stocks ) ) ) )

In general they say avoid takeover stocks


( S ( VP ( VB COMPARE ) ( NP ( NNP P\/E ) ( NNS RATIOS ) ) ( PP-CLR ( IN WITH ) ( NP ( NNS PROSPECTS ) ) ) ) )

COMPARE P\/E RATIOS WITH PROSPECTS


( S ( NP-SBJ ( NNP Mr. ) ( NNP Canelo ) ) ( VP ( VBZ suggests ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS investors ) ) ( VP ( VBP compare ) ( NP ( NP ( NNS price\/earnings ) ( NNS ratios ) ) ( PRN ( NP ( NP ( DT the ) ( NN price ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN share ) ) ( PP ( IN of ) ( NP ( NN stock ) ) ) ) ) ( VP ( VBN divided ) ( PP ( IN by ) ( NP-LGS ( NP ( NP ( DT a ) ( NN company ) ( POS 's ) ) ( JJ per-share ) ( NNS earnings ) ) ( PP ( IN for ) ( NP ( DT a ) ( JJ 12-month ) ( NN period ) ) ) ) ) ) ) ) ) ( PP-CLR ( IN with ) ( NP ( VBN projected ) ( NN growth ) ( NNS rates ) ) ) ) ) ) ) )

Mr. Canelo suggests that investors compare price\/earnings ratios the price of a share of stock divided by a company 's per-share earnings for a 12-month period with projected growth rates


( S ( S-TPC-1 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP think ) ( SBAR ( S ( NP-SBJ ( NNS earnings ) ) ( VP ( MD will ) ( VP ( VB grow ) ( PP ( IN at ) ( NP ( NP ( CD 20 ) ( NN % ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( RB all ) ( JJ right ) ) ( S-2 ( VP ( TO to ) ( VP ( VB pay ) ( NP ( QP ( CD 20 ) ( NNS times ) ) ( NNS earnings ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

If you think earnings will grow at 20 % a year it 's all right to pay 20 times earnings he says


( S ( CC But ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB pay ) ( NP ( QP ( CD 30 ) ( NNS times ) ) ( NNS earnings ) ) ( PP-CLR ( IN for ) ( NP ( NP ( DT a ) ( NN company ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ 's ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB grow ) ( PP-CLR ( IN at ) ( NP ( NP ( CD 15 ) ( NN % ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But do n't pay 30 times earnings for a company that 's expected to grow at 15 % a year


( S ( NP-SBJ ( NNP Mr. ) ( NNP Canelo ) ) ( VP ( VBZ thinks ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN market ) ) ( VP ( VP ( MD will ) ( ADVP ( RB probably ) ) ( VP ( VB go ) ( ADVP-DIR ( JJR higher ) ) ) ) ( CC but ) ( VP ( MD will ) ( VP ( VB be ) ( ADJP-PRD ( JJ ruthless ) ) ( PP ( IN with ) ( NP ( NNS stocks ) ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( DT the ) ( NNS earnings ) ) ( VP ( VBP are ) ( RB n't ) ( ADVP-LOC-PRD ( RB there ) ) ) ) ) ) ) ) ) ) ) )

Mr. Canelo thinks the market will probably go higher but will be ruthless with stocks if the earnings are n't there


( S ( NP-SBJ ( NNP Mr. ) ( NNP Markese ) ) ( VP ( VBZ cautions ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS investors ) ) ( VP ( MD should ) ( RB n't ) ( VP ( ADVP-MNR ( RB slavishly ) ) ( VB follow ) ( NP ( DT any ) ( JJ specific ) ( NNS price\/earnings ) ( NN sell ) ( NN trigger ) ) ) ) ) ) ) )

Mr. Markese cautions that investors should n't slavishly follow any specific price\/earnings sell trigger


( S ( S-TPC-2 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBP say ) ( S ( VP ( VB sell ) ) ) ( NP-TMP ( NP ( RB anytime ) ) ( SBAR ( S ( NP-SBJ ( NP ( DT a ) ( NN company ) ( POS 's ) ) ( NNS price\/earnings ) ( NN ratio ) ) ( VP ( VBZ exceeds ) ( NP ( CD 15 ) ) ) ) ) ) ) ) ) ( NP-SBJ ( WDT that ) ) ( VP ( VBZ knocks ) ( PRT ( RP out ) ) ( NP ( DT all ) ( PRP$ your ) ( NN growth ) ( NNS stocks ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

If you say sell anytime a company 's price\/earnings ratio exceeds 15 that knocks out all your growth stocks he says


( S ( NP-SBJ ( PRP You ) ) ( VP ( VBP eliminate ) ( NP ( NP ( NNS companies ) ) ( PP ( IN with ) ( NP ( JJ substantial ) ( NNS prospects ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP are ) ( VP ( VBG moving ) ( ADVP-DIR ( IN up ) ) ( PP ( IN in ) ( NP ( NN price ) ) ) ) ) ) ) ) ) )

You eliminate companies with substantial prospects that are moving up in price


( S ( VP ( VB EXAMINE ) ( SBAR-NOM ( WHNP-1 ( WDT WHAT ) ) ( S ( VP ( VBZ HAS ) ( VP ( VBN CHANGED ) ) ) ) ) ) )

EXAMINE WHAT HAS CHANGED


( S ( NP-SBJ ( NP ( NNP Tom ) ( NNP Schlesinger ) ) ( NP ( NP ( NN market ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( NNP A.G. ) ( NNP Edwards ) ( CC & ) ( NNPS Sons ) ( NNP Inc. ) ) ) ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( NNS investors ) ) ( VP ( MD should ) ( VP ( VB consider ) ( NP ( VBG selling ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT a ) ( JJ fundamental ) ( NN change ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN company ) ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD bought ) ( NP ( PRP$ its ) ( NN stock ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Tom Schlesinger market analyst at A.G. Edwards & Sons Inc. says investors should consider selling if there has been a fundamental change in a company since they bought its stock


( S ( VP ( VB Say ) ( SBAR ( S ( NP-SBJ ( PRP you ) ) ( VP ( VBD purchased ) ( NP ( DT a ) ( NN stock ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( DT a ) ( JJ new ) ( NN product ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD was ) ( PP-LOC-PRD ( IN in ) ( NP ( DT the ) ( NNS works ) ) ) ) ) ) ) ) ) ) ) ) )

Say you purchased a stock because of a new product that was in the works


( S ( ADVP-TMP ( RB Now ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( JJ various ) ( NNS difficulties ) ) ) ( NP-SBJ-1 ( DT the ) ( NN product ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN scrapped ) ) ) ) )

Now because of various difficulties the product has been scrapped


( SINV ( FRAG-TPC-2 ( NP ( NP ( NN Time ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB sell ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Schlesinger ) ) )

Time to sell says Mr. Schlesinger


( S-2 ( ADVP ( RB Similarly ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( VP ( VB suppose ) ( SBAR ( S ( NP-SBJ-1 ( PRP you ) ) ( VP ( VBD were ) ( VP ( VBN attracted ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( NN company ) ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NNS expectations ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNS sales ) ) ( VP ( MD would ) ( VP ( VB hit ) ( NP ( QP ( CD 200 ) ( CD million ) ) ) ( PP-TMP ( IN by ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Similarly he says suppose you were attracted to a company because of expectations that sales would hit 200 million by 1990


( S ( S-TPC-1 ( SBAR-ADV ( IN If ) ( S ( S ( NP-SBJ ( NNS things ) ) ( VP ( VBP have ) ( RB n't ) ( VP ( VBN worked ) ( PRT ( RP out ) ) ( ADVP-MNR ( IN that ) ( RB well ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNS sales ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB hit ) ( NP ( QP ( CD 200 ) ( CD million ) ) ) ( PP-TMP ( IN until ) ( NP ( CD 1992 ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( NN time ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB consider ) ( NP ( VBG selling ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

If things have n't worked out that well and sales wo n't hit 200 million until 1992 it 's time to consider selling he says


( S ( NP-SBJ ( NNP Storage ) ( NNP Technology ) ( NNP Corp. ) ) ( VP ( VBD had ) ( NP ( NP ( NP ( JJ net ) ( NN income ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 8.3 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 32 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ( PP ( IN for ) ( NP ( NP ( PRP$ its ) ( JJ fiscal-third ) ( NN quarter ) ) ( VP ( VBD ended ) ( NP-TMP ( NNP Sept. ) ( CD 29 ) ) ) ) ) ( NP-2 ( NP ( NP ( QP ( RB almost ) ( CD 15 ) ( NNS times ) ) ( DT the ) ( CD 557,000 ) ) ( CC or ) ( NP ( NP ( CD two ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD posted ) ( PP ( IN for ) ( NP ( DT the ) ( JJ year-ago ) ( NN period ) ) ) ) ) ) ) ) )

Storage Technology Corp. had net income of 8.3 million or 32 cents a share for its fiscal-third quarter ended Sept. 29 almost 15 times the 557,000 or two cents a share it posted for the year-ago period


( S ( NP-SBJ ( NP ( NNP Storage ) ) ( NP-LOC ( NP ( NNP Louisville ) ) ( NP ( NNP Colo. ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ makes ) ( NP ( NP ( JJ data-storage ) ( NNS devices ) ) ( PP ( IN for ) ( NP ( NN mainframe ) ( NNS computers ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( JJ huge ) ( NN increase ) ) ( PP-LOC ( IN in ) ( NP ( NN net ) ) ) ) ( VP ( VBZ reflects ) ( NP ( NP ( JJ strong ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( NN tape ) ( NNS products ) ) ( ADVP ( RB particularly ) ) ( NP ( NP ( DT the ) ( CD 4400 ) ( NNP Automated ) ( NNP Cartridge ) ( NNP System ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ holds ) ( NP ( NP ( DT a ) ( NN library ) ) ( PP ( IN of ) ( NP ( NN tape ) ( NNS cartridges ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Storage Louisville Colo. which makes data-storage devices for mainframe computers said the huge increase in net reflects strong sales of its tape products particularly the 4400 Automated Cartridge System which holds a library of tape cartridges


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( ADVP-TMP ( RB recently ) ) ( VP ( VBD sold ) ( NP ( NP ( PRP$ its ) ( JJ 750th ) ( NN cartridge ) ( NN system ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD cost ) ( NP ( NP ( QP ( CD 400,000 ) ( TO to ) ( CD 500,000 ) ) ) ( ADVP ( DT each ) ) ) ) ) ) ) ) ) ) ) )

The company said it recently sold its 750th cartridge system which cost 400,000 to 500,000 each


( S ( NP-SBJ ( NN Quarter ) ( NN revenue ) ) ( VP ( VBD was ) ( NP-PRD ( QP ( CD 232.6 ) ( CD million ) ) ) ( ADVP ( IN up ) ( NP ( CD 12 ) ( NN % ) ) ( PP ( IN from ) ( NP ( QP ( CD 206 ) ( CD million ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) )

Quarter revenue was 232.6 million up 12 % from 206 million last year


( S ( NP-SBJ ( DT The ) ( NN stock ) ( NN market ) ) ( VP ( VBD reacted ) ( ADVP-MNR ( RB strongly ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN news ) ) ) ) )

The stock market reacted strongly to the news


( S ( NP-SBJ-1 ( NNP Storage ) ) ( VP ( VBD rose ) ( NP-EXT ( NP ( CD 1.125 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB close ) ( PP-CLR ( IN at ) ( NP ( CD 14 ) ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ) )

Storage rose 1.125 a share to close at 14 in New York Stock Exchange composite trading


( S ( PP ( IN For ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NNP Storage ) ) ( VP ( VBD had ) ( NP ( NP ( NN net ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 25.5 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 98 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ( PP ( VBG including ) ( NP ( NP ( DT an ) ( ADJP ( QP ( CD 11.3 ) ( CD million ) ) ) ( JJ extraordinary ) ( NN gain ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( VBN anticipated ) ( NNS proceeds ) ) ( PP ( IN from ) ( S-NOM ( VP ( VBG liquidating ) ( NP ( DT an ) ( JJ Irish ) ( NN unit ) ) ) ) ) ) ) ) ) ) )

For the nine months Storage had net of 25.5 million or 98 cents a share including an 11.3 million extraordinary gain for the anticipated proceeds from liquidating an Irish unit


( S ( NP-SBJ ( NN Net ) ) ( VP ( VBD was ) ( ADVP-PRD ( IN up ) ( NP ( CD 69 ) ( NN % ) ) ( PP ( IN from ) ( NP ( NP ( QP ( CD 15.1 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 57 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) )

Net was up 69 % from 15.1 million or 57 cents a share last year


( S ( NP-SBJ ( NP ( NN Revenue ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJS latest ) ( NN period ) ) ) ) ( VP ( VBD was ) ( ADVP-PRD ( IN up ) ( NP ( CD 11 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 682.7 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 614.6 ) ( CD million ) ) ) ) ) ) )

Revenue for the latest period was up 11 % to 682.7 million from 614.6 million


( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ federal ) ( NN response ) ) ( PP ( TO to ) ( NP ( NP ( NNP California ) ( POS 's ) ) ( NN earthquake ) ( NN crisis ) ) ) ) ( VP ( VBD was ) ( VP ( VBN marred ) ( PP ( IN by ) ( NP-LGS ( NP ( JJ coast-to-coast ) ( NN name-calling ) ) ( PP ( IN between ) ( NP ( NP ( DT the ) ( NNP White ) ( NNP House ) ) ( CC and ) ( NP ( NP ( NNP San ) ( NNP Francisco ) ( POS 's ) ) ( NNP Mayor ) ( NNP Art ) ( NNP Agnos ) ) ) ) ) ) ) ) )

The federal response to California 's earthquake crisis was marred by coast-to-coast name-calling between the White House and San Francisco 's Mayor Art Agnos


( S ( NP-SBJ ( NNP Mr. ) ( NNP Agnos ) ) ( VP ( VBD complained ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD was ) ( VP ( VBN ticked ) ( PRT ( RP off ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NNP Vice ) ( NNP President ) ( NNP Dan ) ( NNP Quayle ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBD toured ) ( NP ( DT the ) ( NN earthquake ) ( NN site ) ) ( NP-TMP ( NNP Wednesday ) ) ) ) ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB schedule ) ( NP ( NP ( DT a ) ( JJ private ) ( NN meeting ) ) ( PP ( IN with ) ( NP ( PRP him ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Agnos complained that he was ticked off that Vice President Dan Quayle who toured the earthquake site Wednesday did n't schedule a private meeting with him


( S ( NP-SBJ ( DT The ) ( NN mayor ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNP Quayle ) ( NN visit ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( NN publicity ) ( NN stunt ) ) ) ) ) ) )

The mayor said the Quayle visit was a publicity stunt


( S ( NP-SBJ ( DT The ) ( NNP White ) ( NNP House ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Quayle ) ( POS 's ) ) ( NN staff ) ) ( VP ( VP ( VBD had ) ( VP ( VBN invited ) ( NP ( DT the ) ( NN mayor ) ) ( PP-CLR ( TO to ) ( NP ( NP ( CD two ) ( NNS meetings ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN vice ) ( NN president ) ) ( CC and ) ( NP ( NP ( NNS groups ) ) ( PP ( IN of ) ( NP ( JJ local ) ( NNS officials ) ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD had ) ( VP ( VBN offered ) ( S ( VP ( TO to ) ( VP ( VB dispatch ) ( NP-2 ( DT a ) ( NN helicopter ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB pick ) ( NP ( PRP him ) ) ( PRT ( IN up ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The White House said Mr. Quayle 's staff had invited the mayor to two meetings of the vice president and groups of local officials and had offered to dispatch a helicopter to pick him up


( S ( S-TPC-1 ( NP-SBJ ( NNP Mr. ) ( NNP Agnos ) ) ( VP ( VBD declined ) ( NP ( DT the ) ( NNS invitations ) ) ) ) ( NP-SBJ ( DT the ) ( NNP White ) ( NNP House ) ) ( VP ( VBD said ) ) )

Mr. Agnos declined the invitations the White House said


( S ( NP-SBJ ( NP ( NNP Marlin ) ( NNP Fitzwater ) ) ( NP ( NNP White ) ( NNP House ) ( NN press ) ( NN secretary ) ) ) ( ADVP ( RB also ) ) ( VP ( VBD asserted ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Agnos ) ) ( VP ( VBD had ) ( VP ( VBN failed ) ( S ( VP ( TO to ) ( VP ( VB return ) ( NP ( NP ( NN telephone ) ( NNS calls ) ) ( PP ( IN from ) ( NP ( NP ( NNP John ) ( NNP Sununu ) ) ( NP ( NP ( NNP White ) ( NNP House ) ( NN chief ) ) ( PP ( IN of ) ( NP ( NN staff ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Marlin Fitzwater White House press secretary also asserted that Mr. Agnos had failed to return telephone calls from John Sununu White House chief of staff


( S ( S-TPC-2 ( NP-SBJ ( PRP We ) ) ( VP ( VBP regret ) ( ADVP ( RB very ) ( RB much ) ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN mayor ) ) ( PP ( IN of ) ( NP ( NNP San ) ( NNP Francisco ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN decided ) ( S ( RB not ) ( VP ( TO to ) ( VP ( VB cooperate ) ( PP ( IN with ) ( NP ( PRP us ) ) ) ( PP ( IN on ) ( NP ( DT this ) ( NN matter ) ) ) ( PP ( IN in ) ( S-NOM ( VP ( VBG making ) ( S ( ADJP-PRD ( JJ sure ) ) ( SBAR-SBJ ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( JJ adequate ) ( JJ federal ) ( NN support ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NN disaster ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ his ) ( NN city ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Fitzwater ) ) ( VP ( VBD said ) ) )

We regret very much that the mayor of San Francisco has decided not to cooperate with us on this matter in making sure that there is adequate federal support for the disaster in his city Mr. Fitzwater said


( S ( PP-TMP ( IN By ) ( NP ( JJ late ) ( NN yesterday ) ) ) ( NP-SBJ-1 ( DT both ) ( NNS sides ) ) ( VP ( VBD appeared ) ( S ( VP ( VBN prepared ) ( S ( VP ( TO to ) ( VP ( VB bury ) ( NP ( DT the ) ( NN hatchet ) ) ) ) ) ) ) ) )

By late yesterday both sides appeared prepared to bury the hatchet


( S ( NP-SBJ ( DT The ) ( NNP White ) ( NNP House ) ) ( VP ( VBD announced ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NP ( NNP Mr. ) ( NNP Agnos ) ) ( PP ( IN along ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NNS mayors ) ) ( PP ( IN of ) ( NP ( NNP Oakland ) ( CC and ) ( NNP Alameda ) ) ) ) ) ) ) ( VP ( VBP are ) ( S ( VP ( TO to ) ( VP ( VB accompany ) ( NP ( NNP President ) ( NNP Bush ) ) ( PP ( IN on ) ( NP ( NP ( DT a ) ( NN tour ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN earthquake ) ( NN area ) ) ) ) ) ( NP-TMP ( NN today ) ) ) ) ) ) ) ) ) )

The White House announced that Mr. Agnos along with the mayors of Oakland and Alameda are to accompany President Bush on a tour of the earthquake area today


( S ( CC And ) ( NP-SBJ ( CD one ) ( NNP White ) ( NNP House ) ( NN official ) ) ( VP ( VBD reported ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNP Mr. ) ( NNP Agnos ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( ADJP-PRD ( RB very ) ( JJ helpful ) ) ( PP ( IN in ) ( S-NOM ( VP ( VBG making ) ( NP ( NP ( NNS arrangements ) ) ( PP ( IN for ) ( NP ( NP ( NP ( NNP Mr. ) ( NNP Bush ) ( POS 's ) ) ( ADJP ( RB hastily ) ( VBN scheduled ) ) ( NN trip ) ) ( PP ( TO to ) ( NP ( NNP California ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

And one White House official reported that Mr. Agnos had been very helpful in making arrangements for Mr. Bush 's hastily scheduled trip to California


( S ( NP-SBJ-1 ( NP ( NNP Michael ) ( NNP F. ) ( NNP Harris ) ) ( NP ( CD 53 ) ) ) ( VP ( VBD was ) ( VP ( VBN named ) ( S ( NP-PRD ( NP ( JJ executive ) ( NN vice ) ( NN president ) ) ( NP-LOC ( NNP North ) ( NNP America ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( NNP Financial ) ( NNPS Times ) ) ( NP ( NP ( DT the ) ( NN business ) ( NN newspaper ) ) ( VP ( VBN published ) ( PP ( IN by ) ( NP-LGS ( NP ( DT this ) ( NN company ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( ADVP ( RB also ) ) ( VP ( VBZ has ) ( NP ( NP ( NNS interests ) ) ( PP ( IN in ) ( NP ( NP ( NN book ) ( NN publishing ) ) ( NP ( JJ fine ) ( NN china ) ) ( NP ( NN oil ) ( NNS services ) ) ( CC and ) ( NP ( NN investment ) ( NN banking ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Michael F. Harris 53 was named executive vice president North America for the Financial Times the business newspaper published by this company that also has interests in book publishing fine china oil services and investment banking


( S ( NP-SBJ ( NNP Mr. ) ( NNP Harris ) ) ( VP ( VBD had ) ( VP ( VBN been ) ( NP-PRD ( NP ( NN vice ) ( NN president ) ) ( PP ( IN for ) ( NP ( NP ( NP ( DT the ) ( NN newspaper ) ( POS 's ) ) ( NN advertising ) ) ( PP-LOC ( IN in ) ( NP ( NNP New ) ( NNP York ) ) ) ) ) ) ) ) )

Mr. Harris had been vice president for the newspaper 's advertising in New York


( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ takes ) ( NP ( NP ( JJ additional ) ( NN responsibility ) ) ( PP ( IN for ) ( NP ( NP ( NP ( NN newspaper ) ( NNS sales ) ) ( CC and ) ( NP ( NP ( NN distribution ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Financial ) ( NNPS Times ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP North ) ( NNP America ) ) ) ) ) ) ) )

He takes additional responsibility for newspaper sales and distribution of the Financial Times in North America


( S ( NP-SBJ-2 ( NP ( NNP Laurance ) ( NNP V. ) ( NNP Allen ) ) ( NP ( CD 44 ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( NP-PRD ( NP ( NN director ) ) ( PP ( IN for ) ( NP ( NNP North ) ( NNP America ) ) ) ) ) ) ) ) ) ( VP ( VBD resigned ) ( S-PRP ( VP ( TO to ) ( VP ( VP ( VB pursue ) ( NP ( JJ other ) ( NN business ) ( NNS interests ) ) ) ( CC and ) ( VP ( VB do ) ( NP ( DT some ) ( NN consulting ) ) ) ) ) ) ) )

Laurance V. Allen 44 who had been director for North America resigned to pursue other business interests and do some consulting


( S ( NP-SBJ-1 ( NP ( NNP Robert ) ( NNP A. ) ( NNP Oswald ) ) ( NP ( NP ( NP ( NN chief ) ( JJ financial ) ( NN officer ) ) ( CC and ) ( NP ( DT a ) ( NN director ) ) ) ( PP ( IN of ) ( NP ( DT this ) ( JJ natural-gas ) ( NN pipeline ) ( NN company ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN elected ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( JJ additional ) ( NN position ) ) ( PP ( IN of ) ( NP ( JJ executive ) ( NN vice ) ( NN president ) ) ) ) ) ) ) )

Robert A. Oswald chief financial officer and a director of this natural-gas pipeline company was elected to the additional position of executive vice president


( S ( PP ( IN In ) ( NP ( NN addition ) ) ) ( NP-SBJ-1 ( NP ( NNP Michael ) ( NNP W. ) ( NNP O'Donnell ) ) ( NP ( NP ( JJ executive ) ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( DT a ) ( NNP Columbia ) ( NN unit ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN named ) ( S ( NP-PRD ( NP ( NP ( JJ assistant ) ( NN chief ) ( JJ financial ) ( NN officer ) ) ( CC and ) ( NP ( DT a ) ( JJ senior ) ( NN vice ) ( NN president ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN parent ) ( NN company ) ) ) ) ) ) ) )

In addition Michael W. O'Donnell executive vice president of a Columbia unit was named assistant chief financial officer and a senior vice president of the parent company


( S ( NP-SBJ ( DT The ) ( NNS appointments ) ) ( VP ( VBP take ) ( NP ( NN effect ) ) ( NP-TMP ( NNP Nov. ) ( CD 1 ) ) ) )

The appointments take effect Nov. 1


( S ( NP-SBJ ( DT Both ) ( NNS men ) ) ( VP ( VBP are ) ( ADJP-PRD ( NP ( CD 44 ) ( NNS years ) ) ( JJ old ) ) ) )

Both men are 44 years old


( S ( NP-SBJ-1 ( NP ( NNP Sir ) ( NNP Richard ) ( NNP Butler ) ) ( NP ( NP ( JJ 60-year-old ) ( NN chairman ) ) ( PP ( IN of ) ( NP ( NNP Agricola ) ( PRN ( NNP U.K ) ) ( NNP Ltd. ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN named ) ( S ( NP-PRD ( NP ( NN chairman ) ) ( PP ( IN of ) ( NP ( NP ( NNP County ) ( NNP NatWest ) ( NNP Investment ) ( NNP Management ) ( NNP Ltd. ) ) ( NP ( NP ( DT the ) ( NN investment ) ( NN management ) ( NN subsidiary ) ) ( PP ( IN of ) ( NP ( NP ( NNP County ) ( NNP NatWest ) ( NNP Ltd. ) ) ( NP ( NP ( DT the ) ( NN investment ) ( NN banking ) ( NN arm ) ) ( PP ( IN of ) ( NP ( DT this ) ( JJ British ) ( NN bank ) ) ) ) ) ) ) ) ) ) ) ) ) )

Sir Richard Butler 60-year-old chairman of Agricola U.K Ltd. was named chairman of County NatWest Investment Management Ltd. the investment management subsidiary of County NatWest Ltd. the investment banking arm of this British bank


( S ( NP-SBJ ( NNP Sir ) ( NNP Richard ) ) ( VP ( VBZ succeeds ) ( NP ( NP ( NNP John ) ( NNP Plastow ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD resigned ) ( PP-TMP ( IN in ) ( NP ( NNP July ) ) ) ) ) ) ) ) )

Sir Richard succeeds John Plastow who resigned in July


( S ( NP-SBJ ( NNP Sir ) ( NNP Richard ) ) ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( NP-PRD ( NP ( DT a ) ( JJ non-executive ) ( NN director ) ) ( PP-LOC ( IN at ) ( NP ( NP ( NNP National ) ( NNP Westminister ) ( NNP Bank ) ) ( CC and ) ( NP ( NNP NatWest ) ( NNP Investment ) ( NNP Bank ) ( NNP Ltd ) ) ) ) ) ) )

Sir Richard is also a non-executive director at National Westminister Bank and NatWest Investment Bank Ltd


( S ( NP-SBJ ( NP ( NNP Aussedat ) ( NNP Rey ) ( NNP S.A. ) ) ( NP ( DT a ) ( JJ French ) ( NN paper ) ( NN producer ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD concluded ) ( NP ( NP ( DT an ) ( NN agreement ) ) ( PP ( IN with ) ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( NNP Fuji ) ( NNP Photo ) ( NNP Film ) ( NNP Co. ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD will ) ( VP ( VB allow ) ( S ( NP-SBJ-2 ( NNP Aussedat ) ( NNP Rey ) ) ( VP ( TO to ) ( VP ( VB manufacture ) ( CC and ) ( VB sell ) ( NP ( JJ thermal ) ( NN paper ) ) ( S-ADV ( VP ( VBG using ) ( NP ( NNP Fuji ) ( NN technology ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Aussedat Rey S.A. a French paper producer said it concluded an agreement with Japan 's Fuji Photo Film Co. that will allow Aussedat Rey to manufacture and sell thermal paper using Fuji technology


( S ( NP-SBJ ( NNP Aussedat ) ( NNP Rey ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( VBG leading ) ( JJ French ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NN copying ) ( CC and ) ( JJ electronic ) ( NN printing ) ( NN paper ) ) ) ) ) )

Aussedat Rey is a leading French maker of copying and electronic printing paper


( S ( NP-SBJ-1 ( JJ Thermal ) ( NN paper ) ) ( VP ( VBZ is ) ( VP ( VBN used ) ( PP-LOC-CLR ( IN in ) ( NP ( JJ facsimile ) ( NNS machines ) ) ) ) ) )

Thermal paper is used in facsimile machines


( S ( NP-SBJ-1 ( NP ( NNS Terms ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN agreement ) ) ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN disclosed ) ) ) )

Terms of the agreement were n't disclosed


( S ( NP-SBJ ( NP ( NNP Aussedat ) ( NNP Rey ) ( POS 's ) ) ( NN move ) ) ( VP ( VBZ follows ) ( NP ( NP ( JJ similar ) ( JJ technology-licensing ) ( NNS agreements ) ) ( PP ( IN between ) ( NP ( NP ( NP ( JJ Japanese ) ( NNS producers ) ) ( PP ( IN of ) ( NP ( JJ thermal ) ( NN paper ) ) ) ) ( CC and ) ( NP ( JJ European ) ( NN paper ) ( NNS groups ) ) ) ) ) ) )

Aussedat Rey 's move follows similar technology-licensing agreements between Japanese producers of thermal paper and European paper groups


( S ( NP-SBJ ( NNP MCA ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( JJ third-quarter ) ( NN net ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 6.3 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 50.8 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 69 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 54.3 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 74 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ) )

MCA Inc. said third-quarter net fell 6.3 % to 50.8 million or 69 cents a share from 54.3 million or 74 cents a share a year earlier


( S ( NP-SBJ ( NNP MCA ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN revenue ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 14 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 918.4 ) ( CD million ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 806.7 ) ( CD million ) ) ) ) ) ) ) ) )

MCA said revenue rose 14 % to 918.4 million from 806.7 million


( S ( NP-SBJ ( DT The ) ( NN entertainment ) ( NN concern ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN success ) ) ( PP ( IN of ) ( NP ( NP ( JJ several ) ( NNS movies ) ) ( VP ( VBN released ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NN quarter ) ) ) ) ( PP ( VBG including ) ( NP ( NP-TTL ( NNP Parenthood ) ) ( CC and ) ( NP-TTL ( NNP Uncle ) ( NNP Buck ) ) ) ) ) ) ) ( VP ( VBD contributed ) ( PP-CLR ( TO to ) ( NP ( NP ( NN record ) ( NN revenue ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( NN film ) ( NN unit ) ) ) ) ) ) ) ) ) )

The entertainment concern said the success of several movies released during the quarter including Parenthood and Uncle Buck contributed to record revenue for its film unit


( S ( NP-SBJ ( DT Both ) ( NP ( NNP MCA ) ( POS 's ) ) ( NN music-entertainment ) ( CC and ) ( NN book-publishing ) ( NNS units ) ) ( ADVP ( RB also ) ) ( VP ( VBD posted ) ( NP ( NN record ) ( NX ( NX ( NN revenue ) ) ( CC and ) ) ( NX ( VBG operating ) ( NN profit ) ) ) ) )

Both MCA 's music-entertainment and book-publishing units also posted record revenue and operating profit


( S ( NP-SBJ ( NP ( DT The ) ( NN parent ) ( NN company ) ( POS 's ) ) ( NN net ) ) ( VP ( VBD included ) ( NP ( NP ( DT a ) ( NN loss ) ) ( PRN ( SBAR ( WHNP-3 ( WDT which ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB specify ) ) ) ) ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD was ) ( ADJP-PRD ( VBN related ) ( PP ( TO to ) ( NP ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( ADJP ( CD 50 ) ( NN % ) ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( NNP Cineplex ) ( NNP Odeon ) ( NNP Corp ) ) ) ) ) ) ) ) ) ) ) )

The parent company 's net included a loss which it did n't specify that was related to the company 's 50 % stake in Cineplex Odeon Corp


( S ( NP-SBJ ( NP ( NNP Cineplex ) ) ( NP ( DT a ) ( NNP Toronto ) ( NN theater ) ( NN chain ) ) ) ( VP ( VBD had ) ( NP ( NP ( DT a ) ( JJ second-quarter ) ( JJ net ) ( NN loss ) ) ( PP ( IN of ) ( NP ( QP ( CD 38.7 ) ( CD million ) ) ) ) ) ) )

Cineplex a Toronto theater chain had a second-quarter net loss of 38.7 million


( S ( NP-SBJ ( NNP MCA ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN net ) ) ( ADVP ( RB also ) ) ( VP ( VBD included ) ( NP ( NP ( JJ certain ) ( NNS reserves ) ) ( ADJP ( VBN related ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN restructuring ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( NNP LJN ) ( NNPS Toys ) ( POS ' ) ) ( JJ international ) ( NNS operations ) ) ) ) ) ) ) ) ) ) ) )

MCA said net also included certain reserves related to the restructuring of its LJN Toys ' international operations


( S-2 ( NP-SBJ-1 ( DT These ) ( NNS items ) ) ( VP ( VBD were ) ( VP ( ADVP ( RB partly ) ) ( VBN offset ) ( PRN ( S ( NP-SBJ ( NNP MCA ) ) ( VP ( VBD said ) ) ) ) ( PP ( IN by ) ( NP-LGS ( NP ( DT an ) ( JJ unspecified ) ( NN gain ) ) ( PP ( IN on ) ( NP ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( NNP Miller ) ( NNP International ) ( NN unit ) ) ( NP ( NP ( DT a ) ( NN maker ) ( CC and ) ( NN distributor ) ) ( PP ( IN of ) ( NP ( JJ budget-priced ) ( JJ audio ) ( NNS cassettes ) ) ) ) ) ) ) ) ) ) ) ) )

These items were partly offset MCA said by an unspecified gain on the sale of its Miller International unit a maker and distributor of budget-priced audio cassettes


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-SBJ ( NNP MCA ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 1.50 ) ) ( PP-DIR ( TO to ) ( NP ( CD 64 ) ) ) ) )

In New York Stock Exchange composite trading MCA rose 1.50 to 64


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NN net ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 35 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 120.1 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.64 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 89.2 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.22 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) )

In the nine months net rose 35 % to 120.1 million or 1.64 a share from 89.2 million or 1.22 a share a year earlier


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD increased ) ( NP-EXT ( CD 22 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 2.5 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 2.1 ) ( CD billion ) ) ) ) ) )

Revenue increased 22 % to 2.5 billion from 2.1 billion


( S ( NP-SBJ ( DT The ) ( NNP French ) ( NN building ) ( NN group ) ( NNP Dumez ) ( NNP S.A. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NN profit ) ) ( VP ( VBD jumped ) ( NP-EXT ( CD 70 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NP ( DT the ) ( JJ first ) ( DT half ) ) ( PP ( IN of ) ( NP ( CD 1989 ) ) ) ) ) ( PP ( RB partly ) ( IN on ) ( NP ( NP ( DT the ) ( NN strength ) ) ( PP ( IN of ) ( NP ( NP ( VBG nonrecurring ) ( NNS gains ) ) ( PP ( IN from ) ( NP ( NP ( DT a ) ( NN share ) ( NN issue ) ) ( PP ( IN by ) ( NP ( PRP$ its ) ( JJ Canadian ) ( NN unit ) ) ) ) ) ) ) ) ) ) ) ) ) )

The French building group Dumez S.A. said profit jumped 70 % in the first half of 1989 partly on the strength of nonrecurring gains from a share issue by its Canadian unit


( S ( NP-SBJ ( NNP Dumez ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NN group ) ( NN profit ) ) ( PP-TMP ( IN after ) ( NP ( NP ( NNS payments ) ) ( PP ( TO to ) ( NP ( NN minority ) ( NNS interests ) ) ) ) ) ) ( VP ( VBD rose ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 252 ) ( CD million ) ) ( NNS francs ) ) ( PRN ( NP ( QP ( CD 40.1 ) ( CD million ) ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( CD 148 ) ( CD million ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ) )

Dumez said group profit after payments to minority interests rose to 252 million francs 40.1 million from 148 million a year earlier


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 40 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 13.32 ) ( CD billion ) ) ( NNS francs ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 9.53 ) ( CD billion ) ) ) ) ) )

Revenue rose 40 % to 13.32 billion francs from 9.53 billion


( S ( NP-SBJ ( DT The ) ( NN group ) ) ( VP ( VBD noted ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( QP ( CD 75 ) ( CD million ) ) ( NNS francs ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN advance ) ) ) ) ( VP ( VBD reflected ) ( NP ( NP ( DT a ) ( JJ one-time ) ( NN gain ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NNP June ) ( NN offering ) ) ( PP ( IN by ) ( NP ( NP ( PRP$ its ) ( NNP United ) ( NNP Westburne ) ( NN unit ) ) ( PP-LOC ( IN in ) ( NP ( NNP Canada ) ) ) ) ) ) ) ) ) ) ) ) )

The group noted that 75 million francs of the advance reflected a one-time gain from the June offering by its United Westburne unit in Canada


( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB say ) ( SBAR ( IN if ) ( S ( NP-SBJ-1 ( PRP$ its ) ( JJ year-earlier ) ( NNS results ) ) ( VP ( VBD were ) ( VP ( VBN influenced ) ( ADVP-MNR ( RB significantly ) ) ( PP ( IN by ) ( NP-LGS ( VBG nonrecurring ) ( NNS elements ) ) ) ) ) ) ) ) ) )

It did n't say if its year-earlier results were influenced significantly by nonrecurring elements


( S ( PP-TMP ( IN For ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( CD 1988 ) ) ) ) ) ( NP-SBJ ( NNP Dumez ) ) ( VP ( VBD had ) ( NP ( NP ( NN group ) ( NN profit ) ) ( PP ( IN of ) ( NP ( QP ( CD 452 ) ( CD million ) ) ( NNS francs ) ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( NN payment ) ) ( PP ( TO to ) ( NP ( NN minority ) ( NNS interests ) ) ) ) ) ) )

For all of 1988 Dumez had group profit of 452 million francs after payment to minority interests


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD was ) ( NP-PRD ( QP ( CD 21.98 ) ( CD billion ) ) ( NNS francs ) ) ) )

Revenue was 21.98 billion francs


( S ( NP-SBJ ( DT The ) ( NN group ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN forecast ) ( NP ( NP ( JJ full-year ) ( NNS earnings ) ) ( PP ( IN for ) ( NP ( CD 1989 ) ) ) ) ( SBAR-ADV ( IN although ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP$ its ) ( JJ first-half ) ( NNS results ) ) ( VP ( VBP are ) ( RB n't ) ( NP-PRD ( DT a ) ( JJ good ) ( NN indication ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( NP ( JJ one-time ) ( NNS elements ) ) ( CC and ) ( NP ( NP ( DT the ) ( JJ seasonal ) ( NN nature ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS operations ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The group has n't forecast full-year earnings for 1989 although it said that its first-half results are n't a good indication because of one-time elements and the seasonal nature of its operations


( S ( NP-SBJ ( NNP Philips ) ( NNPS Industries ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( NN board ) ) ( VP ( VBD authorized ) ( NP ( NP ( NP ( DT the ) ( NN redemption ) ) ( NP-TMP ( NNP Dec. ) ( CD 6 ) ) ( PP ( IN of ) ( NP-1 ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( ADJP ( CD 1 ) ) ( JJ cumulative ) ( JJ convertible ) ( JJ special ) ( VBN preferred ) ( NN stock ) ) ) ( PP-2 ( IN at ) ( NP ( NP ( NP ( CD 37.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( PP ( RB not ) ( VBG including ) ( NP ( NP ( DT a ) ( CD 25 ) ( NN cent ) ( NN dividend ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ current ) ( NN quarter ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP=1 ( DT the ) ( ADJP ( CD 3 ) ) ( JJ cumulative ) ( JJ convertible ) ( VBN preferred ) ( NN stock ) ) ( PP=2 ( IN at ) ( NP ( NP ( CD 75 ) ) ( PP ( CC plus ) ( NP ( NP ( DT a ) ( CD 75 ) ( NN cent ) ( NN dividend ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ current ) ( NN quarter ) ) ) ) ) ) ) ) ) ) ) ) ) )

Philips Industries Inc. said its board authorized the redemption Dec. 6 of the company 's 1 cumulative convertible special preferred stock at 37.50 a share not including a 25 cent dividend for the current quarter and the 3 cumulative convertible preferred stock at 75 plus a 75 cent dividend for the current quarter


( S ( NP-SBJ ( NP ( DT The ) ( NAC-LOC ( NNP Dayton ) ( NNP Ohio ) ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NP ( NNS parts ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN building ) ( CC and ) ( NN transportation ) ( NNS industries ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNS holders ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD two ) ( NNS issues ) ) ) ) ( VP ( MD can ) ( VP ( VB convert ) ( NP ( PRP$ their ) ( NN stock ) ) ( PP-CLR ( IN into ) ( NP ( JJ common ) ( NNS shares ) ) ) ( PP-TMP ( IN through ) ( NP ( NP ( DT the ) ( NN close ) ) ( PP ( IN of ) ( NP ( NN business ) ) ) ( NP-TMP ( NNP Dec. ) ( CD 1 ) ) ) ) ) ) ) ) ) )

The Dayton Ohio maker of parts for the building and transportation industries said holders of the two issues can convert their stock into common shares through the close of business Dec. 1


( S ( S ( NP-SBJ-1 ( DT Each ) ( ADJP ( CD 1 ) ) ( JJ cumulative ) ( NN share ) ) ( VP ( MD can ) ( VP ( VB be ) ( VP ( VBN converted ) ( PP-CLR ( IN into ) ( NP ( CD 4.92 ) ( JJ common ) ( NNS shares ) ) ) ) ) ) ) ( S ( NP-SBJ ( NP ( DT the ) ( NN ratio ) ) ( PP ( IN on ) ( NP ( DT the ) ( ADJP ( CD 3 ) ) ( JJ cumulative ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD eight ) ( JJ common ) ( NNS shares ) ) ( PP ( IN for ) ( NP ( DT each ) ( ADJP ( CD 3 ) ) ( JJ cumulative ) ( VBN preferred ) ) ) ) ) ) )

Each 1 cumulative share can be converted into 4.92 common shares the ratio on the 3 cumulative is eight common shares for each 3 cumulative preferred


( S ( NP-SBJ ( NNP Philips ) ) ( VP ( VBD did ) ( RB n't ) ( VP ( VB indicate ) ( SBAR-NOM ( WHNP-1 ( WHNP ( WHADVP ( WRB how ) ( JJ many ) ) ( NNS shares ) ) ( ADJP ( JJ outstanding ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ) ) ( PP-2 ( IN of ) ( NP ( DT either ) ( NN issue ) ) ) ) ) ) )

Philips did n't indicate how many shares outstanding it has of either issue


( S ( NP-SBJ-1 ( NN Company ) ( NNS officials ) ) ( VP ( MD could ) ( RB n't ) ( VP ( VB be ) ( VP ( VBN reached ) ) ) ) )

Company officials could n't be reached


( S ( NP-TMP ( RBR Earlier ) ( DT this ) ( NN month ) ) ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( NN board ) ) ( VP ( VBD approved ) ( NP ( NP ( DT a ) ( VBN proposed ) ( JJ management-led ) ( JJ leveraged ) ( NN buy-out ) ) ( PP ( IN at ) ( NP ( NP ( NP ( CD 25.50 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ( CC or ) ( NP ( QP ( CD 750 ) ( CD million ) ) ) ) ) ) ) ) ) ) )

Earlier this month the company said its board approved a proposed management-led leveraged buy-out at 25.50 a share or 750 million


( S ( NP-SBJ ( NNP Control ) ( NNP Data ) ( NNP Corp. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD licensed ) ( NP ( PRP$ its ) ( NN airline ) ( NN yield-management ) ( NN software ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NNP International ) ( NNP Air ) ( NNP Transport ) ( NNP Association ) ) ) ) ) ) ) )

Control Data Corp. said it licensed its airline yield-management software to the International Air Transport Association


( S ( S ( NP-SBJ ( NNS Terms ) ) ( VP ( VBP include ) ( NP ( DT a ) ( NN royalty ) ( NN arrangement ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( NNS details ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN disclosed ) ) ) ) )

Terms include a royalty arrangement but details were n't disclosed


( S ( NP-SBJ ( DT The ) ( NN computer ) ( NN equipment ) ( CC and ) ( JJ financial ) ( NNS services ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NNP IATA ) ) ( NP ( DT a ) ( NN trade ) ( NN group ) ) ) ( VP ( MD will ) ( VP ( VB sell ) ( NP ( NP ( NN access ) ) ( PP ( TO to ) ( NP ( DT the ) ( NN package ) ) ) ) ( PP-DTV ( TO to ) ( NP ( NP ( PRP$ its ) ( CD 180 ) ( NN airline ) ( NNS members ) ) ( ADVP-LOC ( JJ world-wide ) ) ) ) ) ) ) ) ) )

The computer equipment and financial services company said IATA a trade group will sell access to the package to its 180 airline members world-wide


( S ( S-TPC-1 ( NP-SBJ ( NNP Control ) ( NNP Data ) ) ( VP ( MD will ) ( VP ( VB receive ) ( NP ( NP ( NN revenue ) ) ( VP ( VBN linked ) ( PP-CLR ( TO to ) ( NP ( NP ( DT the ) ( NN number ) ) ( PP ( IN of ) ( NP ( NP ( NNS passengers ) ) ( VP ( VBN served ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN software ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP IATA ) ) ( VP ( VBD said ) ) )

Control Data will receive revenue linked to the number of passengers served by the software IATA said


( S ( NP-SBJ ( DT The ) ( NN package ) ) ( VP ( VBZ helps ) ( S ( NP-SBJ ( NNS carriers ) ) ( VP ( VB solve ) ( NP ( NP ( NN pricing ) ( NNS problems ) ) ( PP ( JJ such ) ( IN as ) ( SBAR-NOM ( SBAR ( WHADVP-2 ( WRB how ) ) ( S ( VP ( TO to ) ( VP ( VB react ) ( PP-CLR ( TO to ) ( NP ( NP ( NNS discounts ) ) ( VP ( VBN offered ) ( PP ( IN by ) ( NP-LGS ( NNS competitors ) ) ) ) ) ) ) ) ) ) ( CC or ) ( SBAR ( WHNP-1 ( WP what ) ) ( S ( VP ( MD would ) ( VP ( VB be ) ( NP-PRD ( NP ( DT the ) ( JJ optimum ) ( NN number ) ) ( PP ( IN of ) ( NP ( NNS seats ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB offer ) ( PP ( IN at ) ( NP ( DT a ) ( VBN given ) ( NN price ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The package helps carriers solve pricing problems such as how to react to discounts offered by competitors or what would be the optimum number of seats to offer at a given price


( S ( NP-SBJ ( DT The ) ( NNP Federal ) ( NNP National ) ( NNP Mortgage ) ( NNP Association ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( CD 39 ) ( NNS lenders ) ) ( PP-LOC ( IN across ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) ( VP ( VBP have ) ( VP ( VBN agreed ) ( S ( VP ( TO to ) ( VP ( VB offer ) ( NP ( NN home ) ( NNS loans ) ) ( PP-LOC ( IN under ) ( NP ( NP ( NP ( NNP Fannie ) ( NNP Mae ) ( POS 's ) ) ( NN pilot ) ( NN program ) ) ( PP ( IN for ) ( NP ( JJ elderly ) ( NNS people ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Federal National Mortgage Association said 39 lenders across the U.S. have agreed to offer home loans under Fannie Mae 's pilot program for elderly people


( S ( NP-SBJ ( NP ( NNP Fannie ) ( NNP Mae ) ) ( NP ( DT a ) ( ADJP ( ADJP ( RB federally ) ( JJ chartered ) ) ( CC and ) ( ADJP ( JJ shareholder-owned ) ) ) ( NN company ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS lenders ) ) ( VP ( VBP include ) ( NP ( NP ( NNP Prudential ) ( NNP Home ) ( NNP Mortgage ) ( NNP Co. ) ) ( NP ( NP ( DT a ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NP ( NNP Prudential ) ( NNP Insurance ) ( NNP Co. ) ) ( PP ( IN of ) ( NP ( NNP America ) ) ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ operates ) ( PP-LOC ( IN in ) ( NP ( DT every ) ( NN state ) ) ) ) ) ) ) ) ) ) ) ) )

Fannie Mae a federally chartered and shareholder-owned company said the lenders include Prudential Home Mortgage Co. a unit of Prudential Insurance Co. of America that operates in every state


( S ( NP-SBJ-1 ( NNP Prudential ) ( NNP Insurance ) ) ( VP ( VBZ is ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Newark ) ) ( NP ( NNP N.J ) ) ) ) ) ) )

Prudential Insurance is based in Newark N.J


( S ( NP-SBJ-2 ( NNP Fannie ) ( NNP Mae ) ) ( VP ( VBZ has ) ( VP ( VBN agreed ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( NP ( QP ( RB as ) ( RB much ) ( IN as ) ( CD 100 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NNS loans ) ) ) ) ( PP-LOC ( IN under ) ( NP ( NP ( NP ( PRP$ its ) ( NNS Seniors ) ( POS ' ) ) ( NNP Housing ) ( NNPS Opportunities ) ( NN pilot ) ( NN program ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ offers ) ( NP ( NP ( CD four ) ( NNS types ) ) ( PP ( IN of ) ( NP ( NNS loans ) ) ) ) ( PP-DTV ( TO to ) ( NP ( NP ( NNS people ) ) ( UCP ( NP ( NP ( CD 62 ) ( NNS years ) ) ( PP ( IN of ) ( NP ( NN age ) ) ) ) ( CC or ) ( ADJP ( JJR older ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB help ) ( S ( NP-SBJ ( PRP them ) ) ( VP ( VP ( VB maintain ) ( NP ( PRP$ their ) ( NN home ) ) ) ( CC or ) ( VP ( VB obtain ) ( NP ( NN housing ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Fannie Mae has agreed to buy as much as 100 million of loans under its Seniors ' Housing Opportunities pilot program which offers four types of loans to people 62 years of age or older to help them maintain their home or obtain housing


( S ( NP-SBJ ( DT The ) ( NNS loans ) ) ( VP ( MD can ) ( VP ( VB be ) ( PP-PRD ( PP ( IN for ) ( NP ( JJ accessory ) ( NNS apartments ) ) ) ( PP ( IN for ) ( NP ( NP ( NNS cottages ) ) ( VP ( VBN built ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN relative ) ( POS 's ) ) ( NN yard ) ) ) ) ) ) ( PP ( IN for ) ( NP ( NN home-sharing ) ) ) ( CC or ) ( PP ( IN for ) ( NP ( JJ sale-lease-back ) ( NNS transactions ) ) ) ) ) ) )

The loans can be for accessory apartments for cottages built in a relative 's yard for home-sharing or for sale-lease-back transactions


( S ( NP-SBJ ( NNP Fannie ) ( NNP Mae ) ) ( VP ( VBZ makes ) ( NP ( NP ( DT a ) ( JJ secondary ) ( NN market ) ) ( PP-LOC ( IN in ) ( NP ( NN home ) ( NNS loans ) ) ) ) ) )

Fannie Mae makes a secondary market in home loans


( S ( NP-SBJ ( PRP It ) ) ( VP ( VP ( VBZ buys ) ( NP ( NNS loans ) ) ( PP-CLR ( IN from ) ( NP ( NNS lenders ) ) ) ) ( VP ( VBZ packages ) ( NP ( DT some ) ) ( PP-CLR ( IN into ) ( NP ( NP ( NNS securities ) ) ( PP ( IN for ) ( NP ( NP ( NN sale ) ) ( PP ( TO to ) ( NP ( NNS investors ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ holds ) ( NP ( DT the ) ( NN remainder ) ) ( PP-LOC-CLR ( IN in ) ( NP ( DT a ) ( NN portfolio ) ) ) ) ) )

It buys loans from lenders packages some into securities for sale to investors and holds the remainder in a portfolio


( S ( S ( NP-SBJ ( NNP Shearson ) ( NNP Lehman ) ( NNP Hutton ) ( NNP Holdings ) ( NNP Inc. ) ) ( VP ( VBD posted ) ( NP ( NP ( DT a ) ( JJ sharp ) ( NN third-quarter ) ( NN turnaround ) ) ( PP ( IN from ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( JJ net ) ( NN income ) ) ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN dropped ) ( PP ( IN from ) ( NP ( DT the ) ( JJ second ) ( NN quarter ) ) ) ( PP ( IN without ) ( NP ( DT a ) ( ADJP ( QP ( CD 37 ) ( CD million ) ) ) ( JJ after-tax ) ( NN gain ) ) ) ) ) ) ) )

Shearson Lehman Hutton Holdings Inc. posted a sharp third-quarter turnaround from a year earlier but net income would have dropped from the second quarter without a 37 million after-tax gain


( S ( NP-SBJ ( DT The ) ( NNS securities ) ( NN firm ) ) ( VP ( VBD posted ) ( NP ( NP ( NN third-quarter ) ( NN net ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 66 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 64 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( VBN restated ) ( JJ year-earlier ) ( NN loss ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 3 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 11 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) ) ) ) )

The securities firm posted third-quarter net of 66 million or 64 cents a share compared with a restated year-earlier loss of 3 million or 11 cents a share


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD climbed ) ( NP-EXT ( CD 25 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 3.3 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 2.6 ) ( CD billion ) ) ) ) ) )

Revenue climbed 25 % to 3.3 billion from 2.6 billion


( S ( NP-SBJ ( DT The ) ( JJS latest ) ( NN period ) ) ( VP ( VBD included ) ( NP ( NP ( DT the ) ( NN gain ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD was ) ( NP-PRD ( QP ( CD 77 ) ( CD million ) ) ) ( PP-TMP ( IN before ) ( NP ( NN tax ) ) ) ) ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( ADJP ( RB previously ) ( VBN announced ) ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ institutional ) ( NN money ) ( NN management ) ( NN business ) ) ( PP ( IN of ) ( NP ( NNP Lehman ) ( NNP Management ) ( NNP Co ) ) ) ) ) ) ) ) ) )

The latest period included the gain which was 77 million before tax from the previously announced sale of the institutional money management business of Lehman Management Co


( S ( NP-SBJ-1 ( DT The ) ( CD 1988 ) ( NN period ) ) ( VP ( VBD was ) ( VP ( VBN restated ) ( PP ( IN from ) ( NP ( NP ( JJ net ) ( NN income ) ) ( PP ( IN of ) ( NP ( QP ( CD 8 ) ( CD million ) ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB correct ) ( NP ( NP ( DT an ) ( NN overstatement ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( NNP Boston ) ( NNP Co. ) ( NN subsidiary ) ) ) ) ) ) ) ) ) )

The 1988 period was restated from net income of 8 million to correct an overstatement in the company 's Boston Co. subsidiary


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD 1989 ) ( JJ second ) ( NN quarter ) ) ) ( NP-SBJ ( NNP Shearson ) ) ( VP ( VBD had ) ( NP ( NP ( JJ net ) ( NN income ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 55 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 54 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) ) )

In the 1989 second quarter Shearson had net income of 55 million or 54 cents a share


( S ( NP-SBJ ( DT An ) ( JJ average ) ( QP ( CD 102.5 ) ( CD million ) ) ( JJ common ) ( NNS shares ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ outstanding ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJS latest ) ( NN quarter ) ) ) ( ADVP ( IN up ) ( PP ( IN from ) ( NP ( QP ( CD 87.1 ) ( CD million ) ) ) ) ) ) )

An average 102.5 million common shares were outstanding in the latest quarter up from 87.1 million


( S ( PP-LOC ( IN In ) ( NP ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ( JJ composite ) ( NN trading ) ) ) ( NP-TMP ( NN yesterday ) ) ( NP-SBJ ( NNP Shearson ) ( NNS shares ) ) ( VP ( VBD lost ) ( NP ( CD 37.5 ) ( NNS cents ) ) ( PP-DIR ( TO to ) ( NP ( CD 18.125 ) ) ) ) )

In New York Stock Exchange composite trading yesterday Shearson shares lost 37.5 cents to 18.125


( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( VBN improved ) ( NN performance ) ) ( PP ( IN from ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( IN ago ) ) ) ) ( VP ( VBZ reflects ) ( NP ( NP ( JJR higher ) ( NNS commissions ) ( CC and ) ( NN revenue ) ) ( PP ( IN from ) ( NP ( NP ( NN marketmaking ) ( CC and ) ( NN trading ) ) ( PP ( IN for ) ( NP ( PRP$ its ) ( JJ own ) ( NN account ) ) ) ) ) ) ) ) ) ) )

The company said the improved performance from a year ago reflects higher commissions and revenue from marketmaking and trading for its own account


( S ( NP-SBJ ( NN Commission ) ( NN revenue ) ) ( VP ( VBD was ) ( NP-PRD ( QP ( CD 522 ) ( CD million ) ) ) ( ADVP ( IN up ) ( NP ( CD 49 ) ( NN % ) ) ) ) )

Commission revenue was 522 million up 49 %


( S ( CC But ) ( NP-SBJ ( JJ industrywide ) ( NN trading ) ( NN activity ) ) ( VP ( VBD slowed ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ( SBAR-ADV ( IN as ) ( S ( S ( NP-SBJ ( JJ institutional ) ( NNS investors ) ) ( VP ( VBD turned ) ( ADJP-PRD ( JJ cautious ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( NNS individuals ) ) ( VP ( VBD continued ) ( S ( VP ( TO to ) ( VP ( VB shy ) ( ADVP-DIR ( RB away ) ) ( PP-DIR ( IN from ) ( NP ( DT the ) ( NN market ) ) ) ) ) ) ) ) ) ) ) )

But industrywide trading activity slowed in September as institutional investors turned cautious and individuals continued to shy away from the market


( S ( NP-SBJ ( NN Investment ) ( NN banking ) ( NN revenue ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 32 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 205 ) ( CD million ) ) ) ) ( S-ADV ( PP ( IN in ) ( NP ( NN part ) ) ) ( VP ( VBG reflecting ) ( NP ( NP ( DT the ) ( VBN continued ) ( NN slowdown ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN underwriting ) ( NN business ) ) ) ) ) ) ) )

Investment banking revenue fell 32 % to 205 million in part reflecting the continued slowdown of the underwriting business


( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( CD nine ) ( NNS months ) ) ) ( NP-SBJ ( NN net ) ) ( VP ( VBD fell ) ( NP-EXT ( CD 3 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 106 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 98 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ( PP-DIR ( IN from ) ( NP ( NP ( QP ( CD 110 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 1.05 ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) ) )

In the nine months net fell 3 % to 106 million or 98 cents a share from 110 million or 1.05 a share


( S ( NP-SBJ ( NN Revenue ) ) ( VP ( VBD advanced ) ( NP-EXT ( CD 26 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( QP ( CD 9.6 ) ( CD billion ) ) ) ) ( PP-DIR ( IN from ) ( NP ( QP ( CD 7.6 ) ( CD billion ) ) ) ) ) )

Revenue advanced 26 % to 9.6 billion from 7.6 billion


( S ( NP-SBJ ( NNP Sebastian ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBD took ) ( PRT ( RP over ) ) ( NP ( NP ( DT the ) ( NN oil ) ( NNS workers ) ( NN union ) ) ( NP ( NP ( NNP Mexico ) ( POS 's ) ) ( ADJP ( JJS most ) ( JJ powerful ) ) ( NN labor ) ( NN organization ) ) ) ( NP-TMP ( RB only ) ( JJ last ) ( NNP January ) ) ) )

Sebastian Guzman Cabrera took over the oil workers union Mexico 's most powerful labor organization only last January


( S ( CC But ) ( PP-TMP ( RB even ) ( IN in ) ( NP ( DT that ) ( JJ short ) ( NN time ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBZ has ) ( VP ( VBN become ) ( ADJP-PRD ( ADJP ( IN as ) ( JJ controversial ) ) ( PP ( IN in ) ( NP ( PRP$ his ) ( JJ own ) ( NN way ) ) ) ( PP ( IN as ) ( NP ( NP ( NP ( PRP$ his ) ( VBN deposed ) ( NN predecessor ) ) ( NP ( NNP Joaquin ) ( NNP Hernandez ) ( NNP Galicia ) ) ) ( VP ( VBN known ) ( PP-CLR ( IN as ) ( NP ( NNP La ) ( NNP Quina ) ) ) ) ) ) ) ) ) )

But even in that short time Mr. Guzman Cabrera has become as controversial in his own way as his deposed predecessor Joaquin Hernandez Galicia known as La Quina


( S ( NP-SBJ-3 ( NNP President ) ( NNP Carlos ) ( NNP Salinas ) ( IN de ) ( NNP Gortari ) ) ( VP ( VBD used ) ( NP ( DT the ) ( NN army ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB oust ) ( NP ( NP ( NNP La ) ( NNP Quina ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD reigned ) ( PP-TMP ( IN for ) ( NP ( CD 28 ) ( NNS years ) ) ) ( PP-CLR ( IN over ) ( NP ( NP ( DT a ) ( JJ graft-riddled ) ( NN empire ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD made ) ( S ( NP-SBJ ( JJ state-run ) ( NX ( NX ( NNP Petroleos ) ( NNP Mexicanos ) ) ( CC or ) ( NX ( NNP Pemex ) ) ) ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( ADJP ( RBS most ) ( JJ inefficient ) ) ( NN oil ) ( NNS companies ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

President Carlos Salinas de Gortari used the army to oust La Quina who reigned for 28 years over a graft-riddled empire that made state-run Petroleos Mexicanos or Pemex one of the world 's most inefficient oil companies


( S ( ADVP-TMP ( RB Now ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBZ is ) ( VP ( VBG facing ) ( NP ( NNS accusations ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ 's ) ( NP-PRD ( NP ( ADJP ( RB as ) ( JJ much ) ) ( DT a ) ( NN company ) ( NN man ) ) ( SBAR ( IN as ) ( S ( NP-SBJ ( NNP La ) ( NNP Quina ) ) ( VP ( VBD was ) ( NP-PRD ( DT a ) ( NN crook ) ) ) ) ) ) ) ) ) ) ) ) )

Now Mr. Guzman Cabrera is facing accusations that he 's as much a company man as La Quina was a crook


( S ( PP-LOC ( IN In ) ( NP ( NP ( JJ recent ) ( NN contract ) ( NNS negotiations ) ) ( PP ( IN with ) ( NP ( NNP Pemex ) ( NN management ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBD accepted ) ( NP ( NP ( JJ major ) ( NNS concessions ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( ADVP-MNR ( RB greatly ) ) ( VBP curtail ) ( NP ( NP ( NP ( DT the ) ( NN union ) ( POS 's ) ) ( NN role ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN subcontracting ) ) ( RRC ( ADVP-TMP ( RB long ) ) ( NP ( NP ( DT a ) ( NN source ) ) ( PP ( IN of ) ( NP ( NP ( NNS millions ) ) ( PP ( IN of ) ( NP ( NNS dollars ) ) ) ( PP ( IN in ) ( NP ( JJ illicit ) ( NNS earnings ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

In recent contract negotiations with Pemex management Mr. Guzman Cabrera accepted major concessions that greatly curtail the union 's role in subcontracting long a source of millions of dollars in illicit earnings


( S ( CC And ) ( PP ( IN with ) ( S-NOM ( NP-SBJ ( NP ( DT the ) ( JJ quiet ) ( NN pragmatism ) ) ( PP ( IN of ) ( NP ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ) ) ( VP ( VBG replacing ) ( NP ( NP ( DT the ) ( JJ prickly ) ( NN populism ) ) ( PP ( IN of ) ( NP ( NNP La ) ( NNP Quina ) ) ) ) ) ) ) ( NP-SBJ-1 ( NN government ) ( NNS technocrats ) ) ( VP ( VBP have ) ( VP ( VBN been ) ( VP ( VBN given ) ( NP ( NP ( DT a ) ( JJ free ) ( NN hand ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB open ) ( NP ( DT the ) ( NN petrochemical ) ( NN sector ) ) ( PP-CLR ( TO to ) ( NP ( JJR wider ) ( JJ private ) ( CC and ) ( JJ foreign ) ( NN investment ) ) ) ) ) ) ) ) ) ) ) )

And with the quiet pragmatism of Mr. Guzman Cabrera replacing the prickly populism of La Quina government technocrats have been given a free hand to open the petrochemical sector to wider private and foreign investment


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ( POS 's ) ) ( JJ new ) ( NN order ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN arrived ) ( PP ( IN without ) ( NP ( NN resistance ) ) ) ) ) )

Mr. Guzman Cabrera 's new order has n't arrived without resistance


( S ( NP-SBJ ( NP ( NNS Brawls ) ) ( PP ( IN between ) ( NP ( NN union ) ( NNS factions ) ) ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VB erupt ) ( PP-LOC ( IN at ) ( NP ( NNP Pemex ) ( NNS installations ) ) ) ) )

Brawls between union factions still erupt at Pemex installations


( S ( NP-SBJ-1 ( JJ Leftist ) ( NN leader ) ( NNP Cuauhtemoc ) ( NNP Cardenas ) ) ( VP ( ADVP-MNR ( RB publicly ) ) ( VBD questioned ) ( NP ( NP ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ( POS 's ) ) ( JJ moral ) ( NN quality ) ) ( S-ADV ( VP ( VBG suggesting ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( DT a ) ( NN conspiracy ) ( S ( VP ( TO to ) ( VP ( VB turn ) ( PRT ( RP over ) ) ( NP-PRD ( NP ( NP ( DT the ) ( NN country ) ( POS 's ) ) ( NN oil ) ) ( NP ( NP ( DT a ) ( NN symbol ) ) ( PP ( IN of ) ( NP ( JJ Mexican ) ( NN nationalism ) ) ) ) ) ( PP-CLR ( TO to ) ( NP ( NNS foreigners ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Leftist leader Cuauhtemoc Cardenas publicly questioned Mr. Guzman Cabrera 's moral quality suggesting he is part of a conspiracy to turn over the country 's oil a symbol of Mexican nationalism to foreigners


( S ( NP-SBJ ( DT The ) ( JJ 61-year-old ) ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBZ takes ) ( NP ( JJ such ) ( NNS criticisms ) ) ( PP-MNR ( IN in ) ( NP ( NN stride ) ) ) ) )

The 61-year-old Mr. Guzman Cabrera takes such criticisms in stride


( S ( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( RB n't ) ( NP-PRD ( NP ( DT a ) ( JJ new ) ( NN kind ) ) ( PP ( IN of ) ( NP ( NN union ) ( NN leadership ) ) ) ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( NP-PRD ( DT a ) ( JJ new ) ( NNP Mexico ) ) ) ) )

This is n't a new kind of union leadership it 's a new Mexico


( S ( S-TPC-1 ( NP-SBJ-2 ( PRP We ) ) ( VP ( VBP 're ) ( ADVP-TMP ( RB no ) ( RB longer ) ) ( ADJP-PRD ( JJ afraid ) ( PP ( IN of ) ( S-NOM ( VP ( VBG associating ) ( PP-CLR ( IN with ) ( NP ( ADJP ( JJ private ) ( CC or ) ( JJ foreign ) ) ( NN capital ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

We 're no longer afraid of associating with private or foreign capital he says


( S ( NP-SBJ ( NP ( NNP Pemex ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ produces ) ( NP ( NP ( CD 40 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NN government ) ( NN revenue ) ) ) ) ) ) ) ) ( VP ( ADVP-MNR ( RB desperately ) ) ( VBZ needs ) ( NP ( JJ new ) ( NN investment ) ) ) )

Pemex which produces 40 % of government revenue desperately needs new investment


( S ( SBAR-TMP ( IN Since ) ( S ( NP-SBJ ( NN world ) ( NN oil ) ( NNS prices ) ) ( VP ( VBD collapsed ) ( PP-TMP ( IN in ) ( NP ( CD 1982 ) ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NN government ) ) ( VP ( VBZ has ) ( VP ( VBN siphoned ) ( NP ( NP ( NNP Pemex ) ( POS 's ) ) ( NNS coffers ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( NNS payments ) ) ( PP ( IN on ) ( NP ( NP ( NNP Mexico ) ( POS 's ) ) ( ADJP ( QP ( CD 97 ) ( CD billion ) ) ) ( JJ foreign ) ( NN debt ) ) ) ) ) ) ) ) ) )

Since world oil prices collapsed in 1982 the government has siphoned Pemex 's coffers to make payments on Mexico 's 97 billion foreign debt


( S ( NP-SBJ-2 ( NP ( JJ Little ) ( NN money ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN returned ) ( SBAR-TPC-1 ( S ( VP ( TO to ) ( VP ( VB upgrade ) ( NP ( NP ( NNP Pemex ) ( POS 's ) ) ( VBG aging ) ( NNS facilities ) ) ) ) ) ) ) ) ) )

Little money has been returned to upgrade Pemex 's aging facilities


( S ( SBAR-TMP ( IN While ) ( S ( NP-SBJ ( DT the ) ( NN government ) ) ( VP ( VBZ drains ) ( NP ( NNP Pemex ) ) ( PP ( IN from ) ( NP ( JJ above ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN union ) ) ( VP ( VBZ has ) ( VP ( VBN drained ) ( NP ( PRP it ) ) ( PP ( IN from ) ( NP ( IN below ) ) ) ) ) )

While the government drains Pemex from above the union has drained it from below


( S ( NP-SBJ ( NP ( DT A ) ( JJ bloated ) ( NN payroll ) ) ( CC and ) ( NP ( JJ pervasive ) ( NN graft ) ) ) ( VP ( VBD caused ) ( S ( NP-SBJ ( NP ( NNP Pemex ) ( POS 's ) ) ( VBG operating ) ( NNS costs ) ) ( VP ( TO to ) ( VP ( VB balloon ) ( PP-DIR ( TO to ) ( NP ( NP ( NP ( CD 95 ) ( NNS cents ) ) ( PP ( IN of ) ( NP ( NP ( DT each ) ( CD 1 ) ) ( PP ( IN in ) ( NP ( NNS sales ) ) ) ) ) ) ( PP-LOC ( ADVP ( RB far ) ) ( IN above ) ( NP ( DT the ) ( NN industry ) ( NN norm ) ) ) ) ) ) ) ) ) )

A bloated payroll and pervasive graft caused Pemex 's operating costs to balloon to 95 cents of each 1 in sales far above the industry norm


( S ( NP-SBJ ( NP ( DT The ) ( NNS declines ) ) ( PP-LOC ( IN in ) ( NP ( NN investment ) ( CC and ) ( NN efficiency ) ) ) ) ( VP ( VBP explain ) ( PP ( IN in ) ( NP ( NN part ) ) ) ( SBAR-NOM ( WHADVP-1 ( WRB why ) ) ( S ( NP-SBJ ( NNP Mexico ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG importing ) ( NP ( NN gasoline ) ) ( NP-TMP ( DT this ) ( NN year ) ) ) ) ) ) ) ) )

The declines in investment and efficiency explain in part why Mexico has been importing gasoline this year


( S ( NP-SBJ ( DT Some ) ( NNS projections ) ) ( VP ( VBP show ) ( S ( NP-SBJ ( NNP Mexico ) ) ( VP ( VBG importing ) ( NP ( NN crude ) ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN century ) ) ) ) ) ( PP ( VBG barring ) ( NP ( NP ( DT an ) ( NN overhaul ) ) ( PP ( IN of ) ( NP ( NNS operations ) ) ) ) ) ) ) ) )

Some projections show Mexico importing crude by the end of the century barring an overhaul of operations


( SINV ( S-TPC-2 ( SBAR-ADV ( WHNP-1 ( WDT Whatever ) ) ( S ( NP-SBJ-3 ( PRP you ) ) ( VP ( VBD tried ) ( S ( VP ( TO to ) ( VP ( VB change ) ) ) ) ) ) ) ( SBAR-ADV ( IN whether ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( S-NOM-PRD ( VP ( VP ( VBG cutting ) ( NP ( NNS costs ) ) ) ( CC or ) ( VP ( VBG attracting ) ( NP ( JJ new ) ( NNS partners ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( JJ big ) ( NN obstacle ) ) ( VP ( VBD was ) ( NP-PRD ( DT the ) ( JJ old ) ( NN union ) ( NN leadership ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NN oil ) ( NN consultant ) ( NNP George ) ( NNP Baker ) ) )

Whatever you tried to change whether it was cutting costs or attracting new partners the big obstacle was the old union leadership says oil consultant George Baker


( S ( VP ( VB Enter ) ( NP ( NP ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ has ) ( NP ( NP ( DT a ) ( JJ clear ) ( NN understanding ) ) ( PP ( IN of ) ( SBAR-NOM ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ ( NN union ) ( NNS leaders ) ) ( VP ( VBP fit ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ pro-enterprise ) ( NN regime ) ) ( PP ( IN of ) ( NP ( NNP President ) ( NNP Salinas ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Enter Mr. Guzman Cabrera who has a clear understanding of where union leaders fit in the pro-enterprise regime of President Salinas


( S ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP 'm ) ( NP-PRD ( DT the ) ( NN secretary-general ) ) ( SBAR-ADV ( IN if ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NN one ) ) ) ) ) ) ) ( NP-SBJ-2 ( PRP he ) ) ( VP ( VBZ says ) ( S-ADV ( VP ( VBG greeting ) ( NP ( NP ( DT a ) ( NN visitor ) ) ( PP ( TO to ) ( NP ( PRP$ his ) ( NN office ) ) ) ) ) ) ) )

I 'm the secretary-general if there is one he says greeting a visitor to his office


( S ( S-ADV ( VP ( VBG Beginning ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( NN laborer ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN refinery ) ) ) ) ) ) ) ( NP-SBJ-2 ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBP put ) ( PRT ( RP in ) ) ( NP ( QP ( RBR more ) ( IN than ) ( CD 40 ) ) ( NNS years ) ) ( PP-LOC ( IN at ) ( NP ( NNP Pemex ) ) ) ( PP-TMP ( IN before ) ( S-NOM ( VP ( VBG being ) ( VP ( VBN pushed ) ( PP-DIR ( IN into ) ( NP ( NN retirement ) ) ) ( PP ( IN by ) ( NP-LGS ( NNP La ) ( NNP Quina ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( DT a ) ( NN dispute ) ) ( ADVP-TMP ( NP ( CD two ) ( NNS years ) ) ( IN ago ) ) ) ) ) ) ) ) ) )

Beginning as a laborer in a refinery Mr. Guzman Cabrera put in more than 40 years at Pemex before being pushed into retirement by La Quina after a dispute two years ago


( S ( SBAR-ADV ( IN Though ) ( S ( NP-SBJ ( PRP he ) ) ( ADVP ( RB also ) ) ( ADVP-TMP ( RB long ) ) ( VP ( VBN benefited ) ( PP-CLR ( IN from ) ( NP ( NP ( DT the ) ( NN system ) ) ( VP ( VBN built ) ( PP ( IN by ) ( NP-LGS ( NNP La ) ( NNP Quina ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( NN union ) ( NNS perks ) ) ( VP ( VBD had ) ( ADVP ( RB simply ) ) ( VP ( VBN gotten ) ( ADJP-PRD ( IN out ) ( PP ( IN of ) ( NP ( NN hand ) ) ) ) ) ) ) ) ) )

Though he also long benefited from the system built by La Quina Mr. Guzman Cabrera says union perks had simply gotten out of hand


( S ( S-TPC-1 ( NP-SBJ ( PRP They ) ) ( VP ( VBP are ) ( PP-LOC-PRD ( IN at ) ( NP ( NP ( DT the ) ( NN base ) ) ( PP ( IN of ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS problems ) ) ( PP ( IN of ) ( NP ( NN corruption ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

They are at the base of all of the problems of corruption he says


( S ( ADVP ( RB Thus ) ) ( PP-LOC ( IN in ) ( NP ( JJ recent ) ( NN contract ) ( NNS negotiations ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBD gave ) ( PRT ( RP up ) ) ( NP ( NP ( DT the ) ( NN union ) ( POS 's ) ) ( NN right ) ( S ( VP ( TO to ) ( VP ( VB assign ) ( NP ( NP ( CD 40 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( NP ( NNP Pemex ) ( POS 's ) ) ( JJ outside ) ( NNS contracts ) ) ) ) ( NP ( NP ( DT an ) ( JJ enormous ) ( NN source ) ) ( PP ( IN of ) ( NP ( NNS kickbacks ) ) ) ) ) ) ) ) ) ) ) ) )

Thus in recent contract negotiations Mr. Guzman Cabrera gave up the union 's right to assign 40 % of all of Pemex 's outside contracts an enormous source of kickbacks


( S ( NP-SBJ ( DT The ) ( NN union ) ) ( ADVP ( RB also ) ) ( VP ( VBD ceded ) ( NP ( NP ( DT the ) ( ADJP ( CD 2 ) ( NN % ) ) ( NN commission ) ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD had ) ( VP ( VBN received ) ( PP ( IN on ) ( NP ( DT all ) ( NNP Pemex ) ( NN maintenance ) ( NNS contracts ) ) ) ) ) ) ) ) ) )

The union also ceded the 2 % commission it had received on all Pemex maintenance contracts


( S ( NP-SBJ ( DT The ) ( NN union ) ) ( VP ( MD will ) ( VP ( VB keep ) ( NP ( NP ( DT a ) ( ADJP ( CD 2 ) ( NN % ) ) ( NN commission ) ) ( PP ( IN on ) ( NP ( NN construction ) ( NNS projects ) ) ) ) ) ) )

The union will keep a 2 % commission on construction projects


( S ( NP-SBJ ( DT The ) ( JJ new ) ( NN contract ) ) ( ADVP ( RB also ) ) ( VP ( VBZ eliminates ) ( NP ( NP ( DT the ) ( ADJP ( CD 15 ) ) ( JJ monthly ) ( NN coupon ) ) ( ADJP ( JJ good ) ( PP-LOC ( ADVP ( RB only ) ) ( IN at ) ( NP ( JJ union-owned ) ( NN grocery ) ( NNS stores ) ) ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBD was ) ( NP-PRD ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN salary ) ) ( PP ( IN of ) ( NP ( NP ( DT every ) ( NN worker ) ) ( PP ( PP ( IN from ) ( NP ( NN roughneck ) ) ) ( PP ( TO to ) ( NP ( NN chief ) ( NN executive ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The new contract also eliminates the 15 monthly coupon good only at union-owned grocery stores that was part of the salary of every worker from roughneck to chief executive


( S ( NP-SBJ-1 ( NP ( QP ( IN About ) ( CD 9,800 ) ) ( JJ technical ) ( NNS workers ) ) ( NP ( RB notably ) ( NNS chemists ) ( CC and ) ( NNS lawyers ) ) ) ( VP ( VBD were ) ( VP ( VBN switched ) ( PP-CLR ( TO to ) ( NP ( JJ non-union ) ( NN status ) ) ) ) ) )

About 9,800 technical workers notably chemists and lawyers were switched to non-union status


( S ( S-TPC-1 ( ADVP ( RB Also ) ) ( PP-PRP ( IN because ) ( IN of ) ( NP ( PRP$ its ) ( VBN reduced ) ( NN capital ) ( NN budget ) ) ) ( NP-SBJ ( NNP Pemex ) ) ( VP ( VBZ has ) ( VP ( VBN phased ) ( PRT ( RP out ) ) ( NP ( QP ( IN about ) ( CD 50,000 ) ) ( JJ transitory ) ( NN construction ) ( NNS workers ) ) ( S-ADV ( VP ( VBG reducing ) ( NP ( DT the ) ( NN work ) ( NN force ) ) ( PP-CLR ( TO to ) ( NP ( QP ( IN about ) ( CD 140,000 ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN union ) ( NN leader ) ) ( VP ( VBZ says ) ) )

Also because of its reduced capital budget Pemex has phased out about 50,000 transitory construction workers reducing the work force to about 140,000 the union leader says


( S ( NP-SBJ ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN union ) ( POS 's ) ) ( NNS sacrifices ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN offset ) ( PP ( IN by ) ( NP-LGS ( NP ( DT a ) ( NN wage ) ( CC and ) ( NN benefit ) ( NN package ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBZ amounts ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( ADJP ( CD 22 ) ( NN % ) ) ( NN increase ) ) ( PP ( IN in ) ( NP ( NN compensation ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Guzman Cabrera says the union 's sacrifices will be offset by a wage and benefit package that amounts to a 22 % increase in compensation


( S ( CC But ) ( NP-SBJ ( NNP Pemex ) ( NNS managers ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( DT the ) ( NNS ones ) ) ( VP ( RBS most ) ( VBN thrilled ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN contract ) ) ) ) ) ) )

But Pemex managers are the ones most thrilled by the contract


( SINV ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP are ) ( VP ( VBG retaking ) ( NP ( NP ( DT the ) ( NNS instruments ) ) ( PP ( IN of ) ( NP ( NN administration ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Raul ) ( NNP Robles ) ) ( NP ( DT a ) ( NNP Pemex ) ( NN subdirector ) ) ) )

We are retaking the instruments of administration says Raul Robles a Pemex subdirector


( S ( S ( NP-SBJ ( NNP Pemex ) ( NNS officials ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB say ) ( SBAR-NOM ( WHNP-1 ( WHADJP ( WRB how ) ( JJ much ) ) ( NN money ) ) ( S ( NP-SBJ ( DT the ) ( JJ new ) ( NN contract ) ) ( VP ( MD would ) ( VP ( VB save ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( CD one ) ( JJ previous ) ( NN government ) ( NN estimate ) ) ( VP ( VBD pegged ) ( NP ( NNS savings ) ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( IN around ) ( CD 500 ) ( CD million ) ) ) ( NP-ADV ( DT a ) ( NN year ) ) ) ) ) ) )

Pemex officials would n't say how much money the new contract would save the company but one previous government estimate pegged savings at around 500 million a year


( S ( NP-SBJ-1 ( NP ( NNP Pemex ) ( POS 's ) ) ( NNS customers ) ) ( ADVP ( RB also ) ) ( VP ( VBP are ) ( VP ( VBN pleased ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ new ) ( NN spirit ) ) ) ) ) )

Pemex 's customers also are pleased with the company 's new spirit


( S ( NP-SBJ-1 ( NP ( NNP Grupo ) ( NNP Desc ) ) ( NP ( DT a ) ( JJ big ) ( NN conglomerate ) ) ) ( VP ( VBZ has ) ( ADVP-TMP ( RB long ) ) ( VP ( VBN depended ) ( PP-CLR ( IN on ) ( NP ( NNP Pemex ) ( NNS petrochemicals ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB produce ) ( NP ( JJ plastic ) ( NN packing ) ( NN material ) ) ) ) ) ) ) )

Grupo Desc a big conglomerate has long depended on Pemex petrochemicals to produce plastic packing material


( S ( CC But ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( DT the ) ( NNP Pemex ) ( NN plant ) ) ( VP ( VBD shut ) ( PRT ( RP down ) ) ( PP-PRP ( IN for ) ( NP ( DT an ) ( JJ annual ) ( NN overhaul ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( ADVP-TMP ( RB never ) ) ( VP ( VB give ) ( NP ( VB notice ) ) ( PP-DTV ( TO to ) ( NP ( PRP$ its ) ( NNS customers ) ) ) ) ) )

But when the Pemex plant shut down for an annual overhaul it would never give notice to its customers


( SINV ( S-TPC-1 ( NP-SBJ ( DT The ) ( NN capriciousness ) ) ( VP ( MD would ) ( VP ( ADVP-MNR ( RB completely ) ) ( VB disrupt ) ( NP ( PRP$ our ) ( NNS operations ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Ernesto ) ( NNP Vega ) ( NNP Velasco ) ) ( NP ( NP ( NNP Desc ) ( POS 's ) ) ( NN finance ) ( NN director ) ) ) )

The capriciousness would completely disrupt our operations says Ernesto Vega Velasco Desc 's finance director


( S ( NP-TMP ( DT This ) ( NN year ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ first ) ( NN time ) ) ) ( NP-SBJ-1 ( NP ( NNP Desc ) ) ( CC and ) ( NP ( JJ other ) ( NNS customers ) ) ) ( VP ( VBD were ) ( VP ( VBN consulted ) ( PP-TMP ( ADVP ( RB well ) ) ( IN in ) ( NP ( NP ( NN advance ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Pemex ) ( NN plant ) ( POS 's ) ) ( NN shutdown ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB ensure ) ( NP ( JJ minimal ) ( NN inconvenience ) ) ) ) ) ) ) )

This year for the first time Desc and other customers were consulted well in advance of the Pemex plant 's shutdown to ensure minimal inconvenience


( S ( S-NOM-SBJ ( VP ( VBG Taming ) ( NP ( DT the ) ( NN union ) ) ) ) ( VP ( VBZ complements ) ( NP ( NP ( JJ previous ) ( NNS moves ) ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN government ) ) ) ( S-1 ( VP ( TO to ) ( VP ( VB attract ) ( NP ( NP ( JJ private ) ( NN investment ) ) ( PP ( IN in ) ( NP ( NP ( NNS petrochemicals ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( NP-SBJ-3 ( NNP Mexico ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN forced ) ( S ( VP ( TO to ) ( VP ( VB import ) ( PP ( IN in ) ( NP ( JJ large ) ( NNS quantities ) ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS years ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Taming the union complements previous moves by the government to attract private investment in petrochemicals which Mexico has been forced to import in large quantities in recent years


( S ( PP-TMP ( IN In ) ( NP ( NNP May ) ) ) ( NP-SBJ ( DT the ) ( NN government ) ) ( VP ( VBD unveiled ) ( NP ( NP ( JJ new ) ( JJ foreign ) ( NN investment ) ( NNS regulations ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP create ) ( NP ( NP ( JJ special ) ( NNS trusts ) ) ( VP ( VBG allowing ) ( S ( NP-SBJ ( NP ( NNS foreigners ) ) ( VP ( ADVP-TMP ( RB long ) ) ( VBN limited ) ( PP-CLR ( TO to ) ( NP ( NP ( DT a ) ( ADJP ( CD 40 ) ( NN % ) ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( JJ secondary ) ( NN petrochemical ) ( NNS companies ) ) ) ) ) ) ) ( VP ( TO to ) ( VP ( VB own ) ( NP ( QP ( IN up ) ( TO to ) ( CD 100 ) ) ( NN % ) ) ) ) ) ) ) ) ) ) ) ) )

In May the government unveiled new foreign investment regulations that create special trusts allowing foreigners long limited to a 40 % stake in secondary petrochemical companies to own up to 100 %


( S ( ADVP-TMP ( RB Later ) ) ( NP-SBJ ( DT the ) ( NN government ) ) ( VP ( VBD reclassified ) ( NP ( JJ several ) ( JJ basic ) ( NNS petrochemicals ) ) ( PP-CLR ( IN as ) ( NP ( JJ secondary ) ( NNS products ) ) ) ) )

Later the government reclassified several basic petrochemicals as secondary products


( S ( CC But ) ( NP-SBJ ( NP ( NP ( NNP Pemex ) ( POS 's ) ) ( NN courtship ) ) ( PP ( IN with ) ( NP ( NP ( JJ private ) ( NNS companies ) ) ( CC and ) ( ADVP ( RB especially ) ) ( NP ( JJ foreign ) ( NNS ones ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ controversial ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN country ) ) ( SBAR-LOC ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ ( NN oil ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( NP ( DT a ) ( NN symbol ) ) ( PP ( IN of ) ( NP ( JJ national ) ( NN sovereignty ) ) ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ-1 ( JJ foreign ) ( NN oil ) ( NNS holdings ) ) ( VP ( VBD were ) ( VP ( VBN nationalized ) ( PP-TMP ( IN in ) ( NP ( CD 1938 ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But Pemex 's courtship with private companies and especially foreign ones is controversial in a country where oil has been a symbol of national sovereignty since foreign oil holdings were nationalized in 1938


( SINV ( S-TPC-2 ( NP-SBJ ( PRP They ) ) ( VP ( VBP are ) ( VP ( VBG preparing ) ( NP ( DT the ) ( NNS workers ) ) ( PP-CLR ( IN for ) ( NP ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( VP ( VBZ 's ) ( VP ( VBG coming ) ) ) ) ) ( NP ( JJ foreign ) ( NN control ) ) ) ) ) ) ) ( VP ( VBD wrote ) ) ( NP-SBJ ( NP ( NNP Heberto ) ( NNP Castillo ) ) ( NP ( DT a ) ( JJ leftist ) ( NN leader ) ) ) )

They are preparing the workers for what 's coming foreign control wrote Heberto Castillo a leftist leader


( S ( NP-SBJ ( NP ( NNP Mr. ) ( NNP Guzman ) ( NNP Cabrera ) ) ( CC and ) ( NP ( NN government ) ( NNS officials ) ) ) ( VP ( VBP insist ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( NNS foreigners ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN limited ) ( PP-CLR ( TO to ) ( S-NOM ( VP ( VBG investing ) ( PP-CLR ( IN in ) ( NP ( JJ secondary ) ( NN petroleum ) ( NNS products ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Guzman Cabrera and government officials insist that foreigners will be limited to investing in secondary petroleum products


( S ( CC But ) ( NP-SBJ ( DT the ) ( JJ new ) ( NN union ) ( NN leader ) ) ( VP ( VBZ makes ) ( NP ( DT no ) ( NNS apologies ) ) ( PP ( IN for ) ( NP ( NP ( NNP Pemex ) ( POS 's ) ) ( ADJP ( RBR more ) ( JJ outward-looking ) ) ( NN attitude ) ) ) ) )

But the new union leader makes no apologies for Pemex 's more outward-looking attitude


( S ( S-TPC-1 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP do ) ( RB not ) ( VP ( VB integrate ) ( PP-CLR ( IN into ) ( NP ( NP ( DT this ) ( JJ new ) ( NN world ) ) ( PP ( IN of ) ( NP ( NN interdependence ) ) ) ) ) ) ) ) ) ( ADVP-TMP ( RBR sooner ) ( CC or ) ( RB later ) ) ( NP-SBJ-2 ( PRP we ) ) ( VP ( VBP 're ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB become ) ( NP-PRD ( NP ( NNS victims ) ) ( PP ( IN of ) ( NP ( PRP$ our ) ( JJ own ) ( NN isolation ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )

If we do not integrate into this new world of interdependence sooner or later we 're going to become victims of our own isolation he says


( S ( S ( NP-SBJ ( NNS Abortion-rights ) ( NNS advocates ) ) ( VP ( VBD won ) ( NP ( NP ( JJ last ) ( NN week ) ( POS 's ) ) ( NNS battles ) ) ) ) ( CC but ) ( S ( NP-SBJ-2 ( NP ( DT the ) ( NN war ) ) ( PP ( IN over ) ( NP ( NP ( DT the ) ( NN nation ) ( POS 's ) ) ( JJS most-contentious ) ( JJ social ) ( NN question ) ) ) ) ( VP ( VBZ is ) ( VP ( IN about ) ( S ( VP ( TO to ) ( VP ( VB pick ) ( PRT ( RP up ) ) ( ADVP-TMP ( RB again ) ) ( PP-LOC ( IN on ) ( NP ( NP ( NN turf ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ favors ) ( NP ( NP ( DT those ) ) ( VP ( VBG seeking ) ( S ( VP ( TO to ) ( VP ( VB restrict ) ( NP ( NNS abortions ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Abortion-rights advocates won last week 's battles but the war over the nation 's most-contentious social question is about to pick up again on turf that favors those seeking to restrict abortions


( S ( NP-SBJ-1 ( JJ Strict ) ( JJ new ) ( NNS regulations ) ) ( VP ( VBP seem ) ( ADJP-PRD ( JJ certain ) ( S ( VP ( TO to ) ( VP ( VB pass ) ( NP ( NP ( DT the ) ( NN state ) ( NNP House ) ) ( PP-LOC ( IN in ) ( NP ( NNP Pennsylvania ) ) ) ) ( NP-TMP ( JJ next ) ( NN week ) ) ) ) ) ) ( PP ( IN with ) ( NP ( NP ( NP ( JJ easy ) ( NN approval ) ) ( PP ( PP ( IN by ) ( NP ( DT the ) ( NNP Senate ) ) ) ( CC and ) ( PP ( IN by ) ( NP ( NNP Democratic ) ( NNP Gov. ) ( NNP Bob ) ( NNP Casey ) ) ) ) ) ( VP ( VBN expected ) ( ADVP-TMP ( RB shortly ) ( RB thereafter ) ) ) ) ) ) )

Strict new regulations seem certain to pass the state House in Pennsylvania next week with easy approval by the Senate and by Democratic Gov. Bob Casey expected shortly thereafter


( S ( NP-SBJ ( NP ( NN Legislation ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB require ) ( NP ( NP ( DT the ) ( NN consent ) ) ( PP ( IN of ) ( NP ( NNS parents ) ) ) ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( NP ( PRP$ their ) ( NNS daughters ) ) ( PP ( IN under ) ( NP ( NP ( DT the ) ( NN age ) ) ( PP ( IN of ) ( NP ( CD 18 ) ) ) ) ) ) ( VP ( MD can ) ( VP ( VB have ) ( NP ( NNS abortions ) ) ) ) ) ) ) ) ) ) ) ( VP ( MD will ) ( ADVP ( RB probably ) ) ( VP ( VP ( VB pass ) ( NP ( NP ( DT both ) ( NNS houses ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ Michigan ) ( NN legislature ) ) ) ) ) ( CC and ) ( VP ( VB set ) ( PRT ( RP up ) ) ( NP ( DT a ) ( VBG grinding ) ( NN battle ) ( S ( VP ( TO to ) ( VP ( VB override ) ( NP ( NP ( DT the ) ( VBN expected ) ( NN veto ) ) ( PP ( IN of ) ( NP ( NNP Democratic ) ( NNP Gov. ) ( NNP James ) ( NNP Blanchard ) ) ) ) ) ) ) ) ) ) ) )

Legislation to require the consent of parents before their daughters under the age of 18 can have abortions will probably pass both houses of the Michigan legislature and set up a grinding battle to override the expected veto of Democratic Gov. James Blanchard


( S ( NP-SBJ ( NP ( DT The ) ( JJ short-term ) ( NN shift ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ political ) ( NN climate ) ) ( VP ( VBG surrounding ) ( NP ( NN abortion ) ) ) ) ) ) ( VP ( VBZ reflects ) ( NP ( NP ( NP ( CD two ) ( NNS factors ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBP are ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VB govern ) ( NP ( DT the ) ( NN debate ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ next ) ( JJ several ) ( NNS months ) ) ) ) ) ) ) ) ) ) ) ( NP ( NP ( NP ( DT the ) ( VBG reawakening ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS abortion-rights ) ( NN movement ) ) ( PP ( IN as ) ( NP ( DT a ) ( JJ potent ) ( NN force ) ) ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( NNS years ) ) ( PP ( IN of ) ( NP ( NN lassitude ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN ability ) ) ( PP ( IN of ) ( NP ( DT each ) ( NN side ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB counter ) ( NP ( NP ( NP ( DT the ) ( JJ other ) ( POS 's ) ) ( NN advance ) ) ( PP-LOC ( IN in ) ( NP ( CD one ) ( NN arena ) ) ) ) ( PP-CLR ( IN with ) ( NP ( NP ( DT a ) ( NN victory ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ own ) ) ) ( ADVP-LOC ( NN elsewhere ) ) ) ) ) ) ) ) ) ) ) )

The short-term shift in the political climate surrounding abortion reflects two factors that are likely to govern the debate in the next several months the reawakening of the abortion-rights movement as a potent force after years of lassitude and the ability of each side to counter the other 's advance in one arena with a victory of its own elsewhere


( S ( NP-SBJ ( NP ( DT The ) ( NN action ) ) ( PP-LOC ( IN in ) ( NP ( NNP Pennsylvania ) ) ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( MD will ) ( VP ( VB follow ) ( NP ( NP ( NP ( NP ( JJ last ) ( NN week ) ( POS 's ) ) ( NN collapse ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ special ) ( NN session ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Florida ) ( NN legislature ) ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB enact ) ( NP ( NP ( NNS restrictions ) ) ( PP ( IN on ) ( NP ( NNS abortions ) ) ) ) ( PP-LOC ( IN in ) ( NP ( DT that ) ( NN state ) ) ) ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NN vote ) ) ( ADVP-LOC ( RB here ) ( PP ( IN in ) ( NP ( NNP Washington ) ) ) ) ( PP ( IN by ) ( NP ( DT the ) ( NNP House ) ) ) ( S-3 ( VP ( TO to ) ( VP ( VB permit ) ( NP ( NP ( ADJP ( RB federally ) ( VBN paid ) ) ( NNS abortions ) ) ( PP ( IN for ) ( NP ( NP ( JJ poor ) ( NNS women ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBP are ) ( NP-PRD ( NP ( NNS victims ) ) ( PP ( IN of ) ( NP ( NN rape ) ( CC or ) ( NN incest ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The action in Pennsylvania for example will follow last week 's collapse of a special session of the Florida legislature to enact restrictions on abortions in that state and the vote here in Washington by the House to permit federally paid abortions for poor women who are victims of rape or incest


( S ( CC But ) ( S ( NP-SBJ-1 ( NNP President ) ( NNP Bush ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB veto ) ( NP ( DT the ) ( JJ congressional ) ( NN legislation ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ-2 ( IN that ) ) ( PP ( IN along ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( JJ easy ) ( NN approval ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Pennsylvania ) ( NN measure ) ) ) ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ likely ) ( S ( VP ( TO to ) ( VP ( VP ( VB mute ) ( NP ( NP ( NP ( DT the ) ( NNS abortion-rights ) ( NNS activists ) ( POS ' ) ) ( NNS claims ) ) ( PP ( IN of ) ( NP ( NN momentum ) ) ) ) ) ( CC and ) ( VP ( VB underline ) ( NP ( NP ( DT the ) ( NNS challenges ) ) ( VP ( VBN faced ) ( PP ( IN by ) ( NP-LGS ( DT this ) ( JJ resurgent ) ( NN movement ) ) ) ) ) ) ) ) ) ) ) ) )

But President Bush is expected to veto the congressional legislation and that along with the easy approval of the Pennsylvania measure is likely to mute the abortion-rights activists ' claims of momentum and underline the challenges faced by this resurgent movement


( SINV ( S-TPC-1 ( NP-SBJ ( NP ( PRP It ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ great ) ) ( S-2 ( VP ( TO to ) ( VP ( VB feel ) ( ADJP-PRD ( JJ good ) ) ( PP-TMP ( IN for ) ( NP ( NP ( RB once ) ) ( PP-TMP ( IN in ) ( NP ( CD 15 ) ( NNS years ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ-3 ( NP ( NNP Harrison ) ( NNP Hickman ) ) ( NP ( NP ( DT a ) ( NN consultant ) ) ( PP ( TO to ) ( NP ( NNS abortion-rights ) ( NNS advocates ) ) ) ) ) ( S-ADV ( VP ( VBG reflecting ) ( NP ( NP ( DT the ) ( NN relief ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NNS compatriots ) ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( NP ( JJ last ) ( NN week ) ( POS 's ) ) ( NNS victories ) ) ( NP ( NP ( DT the ) ( JJ first ) ( JJ major ) ( NNS events ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ ( DT the ) ( NNP Supreme ) ( NNP Court ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ its ) ( NNP July ) ( CD 3 ) ( NNP Webster ) ( NN decision ) ) ) ( VP ( VBD permitted ) ( S ( NP-SBJ ( DT the ) ( NNS states ) ) ( VP ( TO to ) ( VP ( VB enact ) ( NP ( NP ( NNS restrictions ) ) ( PP ( IN on ) ( NP ( NNS abortions ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

It 's great to feel good for once in 15 years says Harrison Hickman a consultant to abortion-rights advocates reflecting the relief of his compatriots after last week 's victories the first major events since the Supreme Court in its July 3 Webster decision permitted the states to enact restrictions on abortions


( S ( CC But ) ( SBAR-NOM-SBJ ( WHNP-1 ( WHADJP ( WRB how ) ( JJ many ) ) ( JJR more ) ( NNS times ) ) ( S ( NP-SBJ-2 ( PRP we ) ) ( VP ( VBP 're ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB feel ) ( ADJP-PRD ( JJ good ) ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ next ) ( CD 15 ) ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( DT another ) ( NN question ) ) ) )

But how many more times we 're going to feel good in the next 15 is another question


( S ( ADVP ( RB Indeed ) ) ( NP-SBJ ( NNS abortion-rights ) ( NNS activists ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBP face ) ( NP ( PRP$ their ) ( JJS greatest ) ( NNS tests ) ) ) )

Indeed abortion-rights activists still face their greatest tests


( SINV ( S-TPC-3 ( NP-SBJ ( DT The ) ( JJ pro-choice ) ( NN movement ) ) ( VP ( VBZ has ) ( VP ( VBN shown ) ( PRN ( ADVP-TMP ( RB finally ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD can ) ( VP ( VB mobilize ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Glen ) ( NNP Halva-Neubauer ) ) ( NP ( NP ( DT a ) ( NNP Furman ) ( NNP University ) ( JJ political ) ( NN scientist ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBZ specializes ) ( PP-CLR ( IN in ) ( SBAR ( WHADVP-2 ( WRB how ) ) ( S ( NP-SBJ ( NN state ) ( NNS legislators ) ) ( VP ( VBP handle ) ( NP ( DT the ) ( NN abortion ) ( NN question ) ) ) ) ) ) ) ) ) ) ) )

The pro-choice movement has shown finally that it can mobilize says Glen Halva-Neubauer a Furman University political scientist who specializes in how state legislators handle the abortion question


( S ( CC But ) ( NP-SBJ ( PRP it ) ) ( ADVP-TMP ( RB still ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN shown ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD can ) ( VP ( VB win ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN state ) ) ( PP ( IN like ) ( NP ( NNP Pennsylvania ) ( CC or ) ( NNP Missouri ) ) ) ( SBAR-LOC ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( NN abortion ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADVP ( RB clearly ) ) ( NP-PRD ( DT an ) ( JJ electoral ) ( NN issue ) ) ) ) ) ) ( CC and ) ( SBAR ( WHADVP-2 ( WRB where ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ 's ) ( VP ( VBN been ) ( NP-PRD ( DT an ) ( JJ emotional ) ( NN issue ) ) ( PP-TMP ( IN for ) ( NP ( DT a ) ( JJ long ) ( NN time ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But it still has n't shown that it can win in a state like Pennsylvania or Missouri where abortion has been clearly an electoral issue and where it 's been an emotional issue for a long time


( S ( NP-SBJ ( NP ( DT The ) ( NNS foes ) ) ( PP ( IN of ) ( NP ( NN abortion ) ) ) ) ( VP ( VBP hold ) ( NP ( DT the ) ( JJ strong ) ( NN whip ) ( NN hand ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Pennsylvania ) ) ( SBAR-LOC ( WHADVP-3 ( WRB where ) ) ( S ( NP-SBJ ( NNS abortion-rights ) ( NNS activists ) ) ( VP ( VBP are ) ( ADVP ( ADVP ( RB so ) ( RB much ) ) ) ( PP-PRD ( IN on ) ( NP ( DT the ) ( NN defensive ) ) ) ( SBAR-1 ( IN that ) ( S ( NP-SBJ ( PRP$ their ) ( NN strategy ) ) ( VP ( VBZ is ) ( ADVP ( ADVP ( JJR less ) ) ) ( S-PRD ( VP ( TO to ) ( VP ( VB fight ) ( NP ( DT the ) ( VBN proposed ) ( NN legislation ) ) ) ) ) ( SBAR-4 ( IN than ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( S-PRD ( VP ( TO to ) ( VP ( VB stress ) ( SBAR-NOM ( WHADVP-2 ( WRB how ) ) ( S ( NP-SBJ ( DT the ) ( NN state ) ( NN legislature ) ) ( VP ( VBZ does ) ( RB n't ) ( VP ( VB reflect ) ( NP ( NP ( DT the ) ( NNS viewpoints ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN state ) ( POS 's ) ) ( NNS citizens ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The foes of abortion hold the strong whip hand in Pennsylvania where abortion-rights activists are so much on the defensive that their strategy is less to fight the proposed legislation than it is to stress how the state legislature does n't reflect the viewpoints of the state 's citizens


( S ( PP-PRP ( IN As ) ( NP ( DT a ) ( NN result ) ) ) ( NP-SBJ-1 ( NP ( NP ( NNP GOP ) ( NN state ) ( NNP Rep. ) ( NNP Stephen ) ( NNP Freind ) ) ( PP ( IN of ) ( NP ( NNP Delaware ) ( NNP County ) ) ) ) ( NP ( NP ( NP ( DT the ) ( NN legislature ) ( POS 's ) ) ( VBG leading ) ( NN foe ) ) ( PP ( IN of ) ( NP ( NN abortion ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN given ) ( NP ( NP ( ADJP ( ADVP ( DT all ) ( CC but ) ) ( JJ free ) ) ( NN rein ) ) ( SBAR ( S ( S ( VP ( TO to ) ( VP ( VB press ) ( NP ( DT a ) ( JJ strict ) ( JJ seven-point ) ( NN plan ) ( S ( VP ( TO to ) ( VP ( VB restrict ) ( NP ( NN abortion ) ) ) ) ) ) ) ) ) ( CC and ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ hopes ) ) ) ) ( S-TPC-4 ( VP ( TO to ) ( VP ( VB force ) ( S ( NP-SBJ ( DT the ) ( NNP Supreme ) ( NNP Court ) ) ( ADVP-MNR ( RB directly ) ) ( VP ( TO to ) ( VP ( NN reassess ) ( NP ( NP ( PRP$ its ) ( CD 1973 ) ( NNP Roe ) ( CC v. ) ( NNP Wade ) ( NN decision ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( VBD established ) ( NP ( NP ( DT the ) ( NN right ) ) ( PP ( IN of ) ( NP ( NN abortion ) ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( JJ first ) ( NN place ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

As a result GOP state Rep. Stephen Freind of Delaware County the legislature 's leading foe of abortion has been given all but free rein to press a strict seven-point plan to restrict abortion and he hopes to force the Supreme Court directly to reassess its 1973 Roe v. Wade decision that established the right of abortion in the first place


( S ( NP-SBJ ( NP ( DT The ) ( NNP Freind ) ( NN legislation ) ) ( PRN ( S ( S ( NP-SBJ ( NP ( DT the ) ( NN state ) ( POS 's ) ) ( NNP House ) ( NNP Judiciary ) ( NNP Committee ) ) ( VP ( VBD approved ) ( NP ( PRP it ) ) ( PP-LOC ( IN in ) ( NP ( NN Harrisburg ) ) ) ( NP-TMP ( DT this ) ( NN week ) ) ) ) ( CC and ) ( S ( NP-SBJ-1 ( DT the ) ( JJ full ) ( NNP Pennsylvania ) ( NNP House ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB take ) ( PRT ( RP up ) ) ( NP ( DT the ) ( NN bill ) ) ( NP-TMP ( IN next ) ( NNP Tuesday ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ includes ) ( NP ( NP ( DT a ) ( NN provision ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB ban ) ( NP ( NP ( NNS abortions ) ) ( PP-TMP ( IN after ) ( NP ( NP ( CD 24 ) ( NNS weeks ) ) ( PP ( IN of ) ( NP ( NN pregnancy ) ) ) ) ) ) ( PRN ( IN except ) ( S-PRP ( VP ( TO to ) ( VP ( VB avert ) ( NP ( NP ( DT the ) ( NN death ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN mother ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Freind legislation the state 's House Judiciary Committee approved it in Harrisburg this week and the full Pennsylvania House is expected to take up the bill next Tuesday includes a provision to ban abortions after 24 weeks of pregnancy except to avert the death of the mother


( S ( NP-SBJ ( NNP Mr. ) ( NNP Freind ) ) ( VP ( VBZ calculates ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN provision ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ attacks ) ( NP ( NP ( DT the ) ( NN trimester ) ( NNS standards ) ) ( SBAR ( WHNP-2 ( IN that ) ) ( S ( NP-SBJ ( NNP Roe ) ) ( VP ( VBD established ) ) ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB make ) ( S ( NP-SBJ ( NP ( PRP it ) ) ) ( ADJP-PRD ( JJ necessary ) ) ( SBAR-3 ( IN for ) ( S ( NP-SBJ ( DT the ) ( NNP Supreme ) ( NNP Court ) ) ( VP ( VP ( TO to ) ( VP ( VB review ) ( NP ( NNP Roe ) ) ) ) ( CC and ) ( VP ( ADVP ( RB perhaps ) ) ( TO to ) ( VP ( VB overturn ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ) ) ) ) )

Mr. Freind calculates that the provision which attacks the trimester standards that Roe established will make it necessary for the Supreme Court to review Roe and perhaps to overturn it


( S ( CC But ) ( NP-SBJ ( DT the ) ( NNP Pennsylvania ) ( NN measure ) ) ( ADVP ( RB also ) ) ( VP ( VBZ includes ) ( NP ( NP ( DT an ) ( JJ informed ) ( NN consent ) ( NN provision ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( MD may ) ( VP ( VB become ) ( S-PRD ( VP ( ADVP-MNR ( RB widely ) ) ( VBN imitated ) ( PP ( IN by ) ( NP-LGS ( NP ( NN abortion ) ( NNS foes ) ) ( SBAR ( WHNP-2 ( WP who ) ) ( S ( VP ( VBP want ) ( S ( VP ( TO to ) ( VP ( VB make ) ( S ( NP-SBJ ( NP ( NNS women ) ) ( VP ( VBG contemplating ) ( NP ( NN abortion ) ) ) ) ( ADJP-PRD ( ADJP ( RB as ) ( JJ uncomfortable ) ) ( PP ( IN as ) ( ADJP ( JJ possible ) ) ) ( PP ( PP ( IN with ) ( NP ( DT the ) ( NN procedure ) ) ) ( CC and ) ( PP ( IN with ) ( NP ( PRP themselves ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

But the Pennsylvania measure also includes an informed consent provision that may become widely imitated by abortion foes who want to make women contemplating abortion as uncomfortable as possible with the procedure and with themselves


( S ( PP-LOC ( IN Under ) ( NP ( DT this ) ( NN legislation ) ) ) ( NP-SBJ-1 ( DT a ) ( NN woman ) ) ( VP ( MD must ) ( VP ( VB be ) ( VP ( VBN informed ) ( PP-TMP ( NP ( CD 24 ) ( NNS hours ) ) ( IN before ) ( NP ( DT the ) ( NN operation ) ) ) ( PP-CLR ( IN of ) ( NP ( NP ( NP ( DT the ) ( NNS details ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN procedure ) ) ) ) ( CC and ) ( NP ( PRP$ its ) ( NNS risks ) ) ) ) ) ) ) )

Under this legislation a woman must be informed 24 hours before the operation of the details of the procedure and its risks


( S-1 ( ADVP ( RB Regardless ) ( PP ( IN of ) ( SBAR ( IN whether ) ( S ( NP-SBJ ( NN one ) ) ( VP ( VBZ supports ) ( CC or ) ( VBZ opposes ) ( NP ( NP ( DT the ) ( NN right ) ) ( PP ( TO to ) ( NP ( DT an ) ( NN abortion ) ) ) ) ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Freind ) ) ( VP ( VBZ argues ) ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RB virtually ) ( JJ impossible ) ) ( SBAR-2 ( IN for ) ( S ( NP-SBJ ( DT any ) ( JJ rational ) ( NN human ) ( VBG being ) ) ( VP ( TO to ) ( VP ( VB disagree ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN concept ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT a ) ( NN woman ) ) ( VP ( VBZ has ) ( NP ( DT the ) ( JJ right ) ( S ( VP ( TO to ) ( VP ( VB have ) ( S ( NP-SBJ-4 ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ appropriate ) ( NNS materials ) ( CC and ) ( NN advice ) ) ) ) ( VP ( VBN made ) ( S ( ADJP-PRD ( JJ available ) ( PP ( TO to ) ( NP ( PRP her ) ) ) ) ) ) ) ( SBAR-TMP ( IN before ) ( S ( NP-SBJ ( PRP she ) ) ( VP ( VBZ makes ) ( NP ( NP ( DT a ) ( NN decision ) ) ( SBAR ( WHNP-3 ( WDT which ) ) ( S ( NP-ADV ( NP ( CD one ) ( NN way ) ) ( CC or ) ( NP ( DT the ) ( JJ other ) ) ) ( VP ( MD might ) ( VP ( VB remain ) ( PP-PRD ( IN with ) ( NP ( PRP her ) ) ) ( PP-TMP ( IN for ) ( NP ( NP ( DT the ) ( NN rest ) ) ( PP ( IN of ) ( NP ( PRP$ her ) ( NN life ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Regardless of whether one supports or opposes the right to an abortion Mr. Freind argues it is virtually impossible for any rational human being to disagree with the concept that a woman has the right to have all of the appropriate materials and advice made available to her before she makes a decision which one way or the other might remain with her for the rest of her life