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( S ( CC But ) ( PP ( TO to ) ( NP ( NNP Mitsubishi ) ( NNP Estate ) ) ) ( NP-SBJ ( DT the ) ( NN acquisition ) ) ( VP ( VBZ has ) ( NP ( NP ( RB just ) ( DT the ) ( NNS elements ) ) ( SBAR ( WHNP-194 ( WDT that ) ) ( S ( VP ( MD should ) ( VP ( VB win ) ( NP ( NN support ) ) ( PP-CLR ( IN from ) ( NP ( DT both ) ( NNS sides ) ) ) ) ) ) ) ) ) )

But to Mitsubishi Estate the acquisition has just the elements that should win support from both sides

( S ( ADVP ( RB First ) ( PP ( IN of ) ( NP ( RB all ) ) ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ friendly ) ( NN acquisition ) ) ( SBAR ( WHPP-1 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NNP Rockefeller ) ) ( VP ( VP ( VBD sought ) ( PRT ( RP out ) ) ( NP ( NNP Mitsubishi ) ( NNP Estate ) ) ) ( CC and ) ( VP ( VBD asked ) ( NP-2 ( PRP it ) ) ( S ( VP ( TO to ) ( VP ( VB buy ) ( NP ( DT a ) ( NN majority ) ( NN share ) ) ) ) ) ) ) ) ) ) ) )

First of all it is a friendly acquisition in which Rockefeller sought out Mitsubishi Estate and asked it to buy a majority share

( S ( ADVP ( RB Secondly ) ) ( NP-SBJ-1 ( DT the ) ( CD two ) ( NNS companies ) ) ( VP ( VP ( VBD found ) ( NP ( NP ( DT a ) ( NN similarity ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( NN business ) ( CC and ) ( NN development ) ( NNS philosophies ) ) ) ) ) ( CC and ) ( VP ( VBP intend ) ( S ( VP ( TO to ) ( VP ( VB cooperate ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN range ) ) ( PP ( IN of ) ( NP ( NNS activities ) ) ) ( PP ( PP ( IN from ) ( NP ( JJ real ) ( NN estate ) ) ) ( PP ( TO to ) ( NP ( NN telecommunications ) ) ) ) ) ) ) ) ) ) ) )

Secondly the two companies found a similarity in their business and development philosophies and intend to cooperate in a range of activities from real estate to telecommunications

( S ( ADVP ( RB Finally ) ) ( NP-SBJ ( NNP Mitsubishi ) ( NNP Estate ) ) ( VP ( VBZ has ) ( NP ( DT no ) ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB interfere ) ( PP-CLR ( IN with ) ( NP ( NP ( NNP Rockefeller ) ( POS 's ) ) ( NN management ) ) ) ( PP ( IN beyond ) ( S-NOM ( VP ( VBG taking ) ( NP ( NP ( DT a ) ( NN place ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NN board ) ) ) ) ) ) ) ) ) ) ) ) )

Finally Mitsubishi Estate has no plans to interfere with Rockefeller 's management beyond taking a place on the board

( SINV ( S-TPC-1 ( S ( NP-SBJ-2 ( PRP We ) ) ( VP ( MD 'll ) ( VP ( VB continue ) ( S ( VP ( TO to ) ( VP ( VB work ) ( PP ( IN with ) ( NP ( PRP them ) ) ) ( PP ( IN in ) ( NP ( NP ( VBG keeping ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( NN reputation ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN company ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( MD 'll ) ( VP ( VB rely ) ( ADVP ( RB very ) ( RB much ) ) ( PP-CLR ( IN on ) ( NP ( PRP$ their ) ( NN leadership ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NNP Mitsubishi ) ( NNP Estate ) ( NNP President ) ( NNP Jotaro ) ( NNP Takagi ) ) )

We 'll continue to work with them in keeping with the reputation of the company and we 'll rely very much on their leadership says Mitsubishi Estate President Jotaro Takagi

( S ( NP-SBJ ( NNP Rockefeller ) ) ( VP ( MD may ) ( ADVP ( RB well ) ) ( VP ( VB have ) ( VP ( VBN found ) ( NP ( PRP$ its ) ( NN match ) ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Mitsubishi ) ( NNP Estate ) ) ( NP ( NP ( DT a ) ( NN company ) ) ( PP ( IN of ) ( NP ( NP ( JJ long ) ( NN history ) ) ( NP ( JJ strong ) ( NN government ) ( NNS ties ) ) ( CC and ) ( NP ( JJ sound ) ( NNS resources ) ) ) ) ) ) ) ) ) ) )

Rockefeller may well have found its match in Mitsubishi Estate a company of long history strong government ties and sound resources

( S ( PP ( IN In ) ( NP ( NN asset ) ( NNS terms ) ) ) ( NP-SBJ ( NNP Mitsubishi ) ( NNP Estate ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJS largest ) ( JJ real ) ( NN estate ) ( NN firm ) ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ) )

In asset terms Mitsubishi Estate is the largest real estate firm in Japan

( S ( NP-SBJ ( NP ( DT The ) ( NN core ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS holdings ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD 190,000 ) ( JJ square ) ( NNS meters ) ) ( PP ( IN of ) ( NP ( NP ( ADJP ( RB incredibly ) ( JJ expensive ) ) ( NN property ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( NNP Marunouchi ) ( NN district ) ) ( NP ( NP ( DT the ) ( NN business ) ( CC and ) ( JJ financial ) ( NN center ) ) ( PP ( IN of ) ( NP ( NNP Tokyo ) ) ) ) ( VP ( ADVP-TMP ( RB often ) ) ( ADVP-MNR ( RB jokingly ) ) ( VBN called ) ( S ( NP-PRD ( NNP Mitsubishi ) ( NNP Village ) ) ) ) ) ) ) ) ) ) )

The core of its holdings is 190,000 square meters of incredibly expensive property in the Marunouchi district the business and financial center of Tokyo often jokingly called Mitsubishi Village

( S ( NP-SBJ ( DT The ) ( NNP Mitsubishi ) ( NN family ) ( NN company ) ) ( VP ( VBD acquired ) ( NP ( IN that ) ( NN property ) ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( NN government ) ) ) ( ADVP-TMP ( NP ( QP ( DT some ) ( CD 100 ) ) ( NNS years ) ) ( RB ago ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( DT a ) ( NN portion ) ) ( PP ( IN of ) ( NP ( NP ( NN samurai ) ( JJ residential ) ( NN land ) ) ( VP ( VBG running ) ( PP-DIR ( IN from ) ( NP ( NP ( DT the ) ( NN moat ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Imperial ) ( NNP Palace ) ) ) ) ) ( ADVP-DIR ( RB east ) ) ( PP-DIR ( IN toward ) ( NP ( NP ( DT the ) ( NN hodgepodge ) ) ( PP ( IN of ) ( NP ( NP ( JJ tiny ) ( NNS shops ) ) ( CC and ) ( NP ( JJ twisted ) ( NNS alleys ) ) ) ) ( SBAR ( WHNP-195 ( WDT that ) ) ( S ( VP ( VBD made ) ( PRT ( RP up ) ) ( NP ( NP ( DT the ) ( NNS merchants ) ( POS ' ) ) ( NN district ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Mitsubishi family company acquired that property from the government some 100 years ago when it was a portion of samurai residential land running from the moat of the Imperial Palace east toward the hodgepodge of tiny shops and twisted alleys that made up the merchants ' district

( S ( PP-TMP ( IN At ) ( NP ( DT the ) ( NN time ) ) ) ( NP-SBJ ( NNP Japan ) ) ( VP ( VP ( VBD had ) ( VP ( ADVP ( RB just ) ) ( VBN opened ) ( NP ( PRP$ its ) ( NNS doors ) ) ( PP-CLR ( TO to ) ( NP ( DT the ) ( NN world ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( QP ( IN about ) ( CD 250 ) ) ( NNS years ) ) ( PP ( IN of ) ( NP ( NN isolation ) ) ) ) ) ) ) ( CC and ) ( VP ( VBD needed ) ( NP ( DT a ) ( JJ Western-style ) ( NN business ) ( NN center ) ) ) ) )

At the time Japan had just opened its doors to the world after about 250 years of isolation and needed a Western-style business center

( S-1 ( NP-SBJ ( NNP Mitsubishi ) ) ( VP ( VBD built ) ( NP ( NP ( DT the ) ( NN government ) ( POS 's ) ) ( NN dream ) ( NN development ) ) ( PRN ( S ( NP-SBJ ( DT the ) ( NN story ) ) ( VP ( VBZ goes ) ) ) ) ( PP ( IN in ) ( NP ( NP ( NN exchange ) ) ( PP ( IN for ) ( NP ( DT the ) ( JJ official ) ( NN decision ) ( S ( VP ( TO to ) ( VP ( VB locate ) ( NP ( NP ( NNP Tokyo ) ( POS 's ) ) ( JJ central ) ( NN railway ) ( NN station ) ) ( ADVP-LOC-CLR ( RB there ) ) ) ) ) ) ) ) ) ) )

Mitsubishi built the government 's dream development the story goes in exchange for the official decision to locate Tokyo 's central railway station there

( S ( NP-SBJ ( DT That ) ) ( VP ( VBD was ) ( NP-PRD ( NP ( RB just ) ( DT an ) ( JJ early ) ( NN step ) ) ( PP ( IN in ) ( NP ( NP ( DT a ) ( NN relationship ) ) ( PP ( IN with ) ( NP ( NN government ) ) ) ( SBAR ( WHNP-196 ( WDT that ) ) ( S ( VP ( VBZ has ) ( VP ( VBN earned ) ( NP ( DT the ) ( NNP Mitsubishi ) ( NN group ) ) ( NP ( NP ( DT the ) ( JJ dubious ) ( NN moniker ) ) ( PP ( IN of ) ( NP ( NP ( FW seisho ) ) ( PRN ( ADVP ( RB literally ) ) ( NP ( NN government-business ) ) ) ( NP ( NP ( DT a ) ( NN title ) ) ( SBAR ( WHNP-197 ( WDT that ) ) ( S ( VP ( VP ( VBZ has ) ( NP ( NP ( DT the ) ( JJ pejorative ) ( NN connotation ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG doing ) ( NP ( NP ( DT the ) ( NN government ) ( POS 's ) ) ( NN bidding ) ) ) ) ) ) ) ( CC but ) ( VP ( ADVP ( RB also ) ) ( VBZ suggests ) ( NP ( NP ( DT the ) ( NN clout ) ) ( ADJP ( JJ inherent ) ( PP ( IN in ) ( S-NOM ( VP ( VBG maintaining ) ( NP ( JJ such ) ( JJ close ) ( NNS ties ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

That was just an early step in a relationship with government that has earned the Mitsubishi group the dubious moniker of seisho literally government-business a title that has the pejorative connotation of doing the government 's bidding but also suggests the clout inherent in maintaining such close ties

( S ( NP-SBJ ( NNP Mitsubishi ) ( NNP Estate ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS dozens ) ) ( PP ( IN of ) ( NP ( NP ( NNS companies ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN today ) ( POS 's ) ) ( NNP Mitsubishi ) ( NN group ) ) ) ) ) ) ) ) ) )

Mitsubishi Estate is one of the dozens of companies in today 's Mitsubishi group

( S ( S ( NP-SBJ-1 ( PRP It ) ) ( VP ( VBZ 's ) ( VP ( JJ known ) ( PP-LOC ( IN for ) ( NP ( PRP$ its ) ( NN cautiousness ) ) ) ( PP ( IN in ) ( NP ( NN part ) ) ) ( SBAR-PRP ( IN because ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN had ) ( NP ( NP ( JJ little ) ( NN need ) ) ( PP ( IN for ) ( NP ( JJ bold ) ( JJ overseas ) ( NNS ventures ) ) ) ) ) ) ) ) ) ) ) ( S ( PP-TMP ( IN In ) ( NP ( NP ( DT the ) ( NN year ) ) ( VP ( VBN ended ) ( NP-TMP ( NNP March ) ( CD 31 ) ) ) ) ) ( NP-SBJ ( NP ( CD 57.4 ) ( NN % ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ total ) ( NN revenue ) ) ) ) ( VP ( VBD came ) ( PP-DIR ( IN from ) ( NP ( NN office ) ( NN building ) ( NN management ) ) ) ) ) )

It 's known for its cautiousness in part because it has had little need for bold overseas ventures In the year ended March 31 57.4 % of its total revenue came from office building management

( SINV ( S-TPC-1 ( NP-SBJ ( PRP$ Its ) ( NNS earnings ) ) ( VP ( MD can ) ( VP ( VB rise ) ( NP-EXT ( QP ( CD 10 ) ( NN % ) ( TO to ) ( CD 12 ) ( NN % ) ) ) ( ADVP-TMP ( RB annually ) ) ( PP ( ADVP ( RB simply ) ) ( IN from ) ( NP ( NP ( NP ( DT the ) ( JJ natural ) ( NN turnover ) ) ( PP ( IN of ) ( NP ( NNS tenants ) ) ) ) ( CC and ) ( NP ( JJ automatic ) ( NN rent ) ( NNS increases ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Graeme ) ( NNP McDonald ) ) ( NP ( NP ( DT an ) ( NN industry ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( NNP James ) ( NNP Capel ) ( NNP Pacific ) ( NNP Ltd ) ) ) ) ) )

Its earnings can rise 10 % to 12 % annually simply from the natural turnover of tenants and automatic rent increases says Graeme McDonald an industry analyst at James Capel Pacific Ltd

( S ( PP-TMP ( IN For ) ( NP ( DT the ) ( JJS latest ) ( JJ fiscal ) ( NN year ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN company ) ( POS 's ) ) ( JJ net ) ( NN income ) ) ( VP ( VBD jumped ) ( NP-EXT ( DT a ) ( JJ robust ) ( CD 19 ) ( NN % ) ) ( PP-DIR ( TO to ) ( NP ( NP ( QP ( CD 35.5 ) ( CD billion ) ) ( NNS yen ) ) ( PRN ( NP ( QP ( CD 250.2 ) ( CD million ) ) ) ) ) ) ) )

For the latest fiscal year the company 's net income jumped a robust 19 % to 35.5 billion yen 250.2 million

( S ( PP ( IN For ) ( NP ( NNP Mitsubishi ) ( NNP Estate ) ) ) ( NP-SBJ ( DT the ) ( NNP Rockefeller ) ( NN purchase ) ) ( VP ( MD will ) ( VP ( VB catapult ) ( NP ( PRP it ) ) ( ADVP-MNR ( RB firmly ) ) ( PP-DIR ( IN into ) ( NP ( NP ( DT the ) ( JJ overseas ) ( JJ real ) ( NN estate ) ( NN business ) ) ( NP ( NP ( DT the ) ( CD one ) ( NN area ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( VP ( VBN lagged ) ( PP-LOC-CLR ( ADVP ( RB notably ) ) ( IN behind ) ( NP ( NP ( JJ Japanese ) ( NNS competitors ) ) ( PP ( JJ such ) ( IN as ) ( NP ( NP ( NNP Mitsui ) ) ( SBAR ( WHNP-198 ( WDT which ) ) ( S ( VP ( VBD had ) ( VP ( VBN purchased ) ( NP ( DT the ) ( NNP Exxon ) ( NNP Building ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

For Mitsubishi Estate the Rockefeller purchase will catapult it firmly into the overseas real estate business the one area where it has lagged notably behind Japanese competitors such as Mitsui which had purchased the Exxon Building

( SINV ( S-TPC-2 ( NP-SBJ-1 ( JJ Japanese ) ( NNS companies ) ) ( VP ( VBP need ) ( S ( VP ( TO to ) ( VP ( VB invest ) ( PP-CLR ( IN in ) ( NP ( JJ overseas ) ( JJ real ) ( NN estate ) ) ) ( PP-PRP ( IN for ) ( NP ( NN diversification ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Yoshio ) ( NNP Shima ) ) ( NP ( NP ( DT an ) ( NN industry ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( NNP Goldman ) ( NNP Sachs ) ( PRN ( NP-LOC ( NNP Japan ) ) ) ( NNP Corp ) ) ) ) ) )

Japanese companies need to invest in overseas real estate for diversification says Yoshio Shima an industry analyst at Goldman Sachs Japan Corp

( S ( S ( NP-SBJ ( NNP Rockefeller ) ) ( VP ( VBZ is ) ( RB n't ) ( NP-PRD ( NP ( DT the ) ( JJ first ) ( JJ overseas ) ( NN purchase ) ) ( PP ( IN for ) ( NP ( NNP Mitsubishi ) ( NNP Estate ) ) ) ) ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( ADVP ( RB already ) ) ( VP ( VBN played ) ( NP ( NP ( DT a ) ( VBG leading ) ( NN role ) ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VBG designing ) ( NP ( NP ( NNP Los ) ( NNP Angeles ) ( POS 's ) ) ( NNP Citicorp ) ( NNP Plaza ) ) ) ) ) ) ) ) ) )

Rockefeller is n't the first overseas purchase for Mitsubishi Estate it has already played a leading role in designing Los Angeles 's Citicorp Plaza

( S ( CC But ) ( NP-SBJ ( DT the ) ( NNP Rockefeller ) ( NN investment ) ) ( VP ( VBZ is ) ( NP-PRD ( PRP$ its ) ( JJS largest ) ) ) )

But the Rockefeller investment is its largest

( S ( S-TPC-1 ( ADVP ( RB Nonetheless ) ) ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( ADVP ( RB barely ) ) ( VP ( VB make ) ( NP ( DT a ) ( NN dent ) ) ( PP-CLR ( IN in ) ( NP ( NP ( NNP Mitsubishi ) ( NNP Estate ) ( POS 's ) ) ( NNS finances ) ) ) ) ) ) ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP say ) ) )

Nonetheless it will barely make a dent in Mitsubishi Estate 's finances analysts say

( S ( S ( NP-SBJ ( NNP Mitsubishi ) ( NNP Estate ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN decided ) ( SBAR ( WHADVP-1 ( WRB how ) ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD will ) ( VP ( VB raise ) ( NP ( NP ( DT the ) ( NNS funds ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN purchase ) ) ) ( SBAR ( WHNP-199 ( WDT which ) ) ( S ( VP ( VBP are ) ( ADJP-PRD ( JJ due ) ( PP ( IN in ) ( NP ( NN cash ) ) ) ( NP-TMP ( IN next ) ( NNP April ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-2 ( NP ( DT the ) ( NNP Marunouchi ) ( NNS holdings ) ) ( ADVP ( RB alone ) ) ) ( VP ( VBP are ) ( VP ( VBN estimated ) ( S ( VP ( TO to ) ( VP ( VB have ) ( NP ( NP ( DT a ) ( NN market ) ( NN value ) ) ( PP ( IN of ) ( NP ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 10 ) ( CD trillion ) ) ( NNS yen ) ) ( PP ( TO to ) ( NP ( QP ( CD 11 ) ( CD trillion ) ) ( NNS yen ) ) ) ) ) ) ) ) ) ) ) ) )

Mitsubishi Estate has n't decided how it will raise the funds for the purchase which are due in cash next April but the Marunouchi holdings alone are estimated to have a market value of as much as 10 trillion yen to 11 trillion yen

( S ( ADVP ( RB Moreover ) ) ( PP ( IN as ) ( NP ( NP ( DT a ) ( NN member ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Mitsubishi ) ( NN group ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBZ is ) ( VP ( VBN headed ) ( PP ( IN by ) ( NP-LGS ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( NNP Japan ) ( POS 's ) ) ( JJS largest ) ( NNS banks ) ) ) ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ is ) ( ADJP-PRD ( JJ sure ) ) ( S-2 ( VP ( TO to ) ( VP ( VB win ) ( NP ( DT a ) ( JJ favorable ) ( NN loan ) ) ) ) ) ) )

Moreover as a member of the Mitsubishi group which is headed by one of Japan 's largest banks it is sure to win a favorable loan

( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( ADVP ( RB also ) ) ( VP ( MD could ) ( VP ( ADVP-MNR ( RB easily ) ) ( VB issue ) ( NP ( JJ new ) ( JJ convertible ) ( NNS bonds ) ( CC or ) ( NNS warrants ) ) ) ) ) ) ) )

Analysts say the company also could easily issue new convertible bonds or warrants

( S ( ADVP-TMP ( RB Meanwhile ) ) ( PP-LOC ( IN at ) ( NP ( NN home ) ) ) ( NP-SBJ ( NNP Mitsubishi ) ) ( VP ( VBZ has ) ( NP ( NP ( VB control ) ) ( PP ( IN of ) ( NP ( DT some ) ( JJ major ) ( NNS projects ) ) ) ) ) )

Meanwhile at home Mitsubishi has control of some major projects

( S ( NP-SBJ ( PRP It ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJS largest ) ( JJ private-sector ) ( NN landowner ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Minato-Mirai ) ( CD 21 ) ( NN project ) ) ( NP ( NP ( DT a ) ( JJ multibillion-yen ) ( NN development ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ port ) ( NN city ) ) ( PP ( IN of ) ( NP ( NNP Yokohama ) ) ) ( PP-LOC ( NP-ADV ( IN about ) ( DT an ) ( NN hour ) ) ( IN outside ) ( NP ( NNP Tokyo ) ) ) ) ) ) ) ) ) ) )

It is the largest private-sector landowner of the Minato-Mirai 21 project a multibillion-yen development in the port city of Yokohama about an hour outside Tokyo

( S ( NP-SBJ ( DT The ) ( NN project ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ select ) ( NN group ) ) ( PP ( IN of ) ( NP ( NP ( JJ public ) ( NNS projects ) ) ( VBN opened ) ( PP-CLR ( TO to ) ( NP ( NNP U.S. ) ( NNS firms ) ) ) ( PP-LOC ( IN under ) ( NP ( NP ( DT a ) ( JJ U.S.-Japan ) ( NN construction ) ( NN trade ) ( NN agreement ) ) ( VP ( VBD reached ) ( NP-TMP ( JJ last ) ( NN year ) ) ) ) ) ) ) ) ) ) ) )

The project is one of a select group of public projects opened to U.S. firms under a U.S.-Japan construction trade agreement reached last year

( S ( NP-SBJ ( NP ( NP ( DT The ) ( NN centerpiece ) ) ( PP ( IN of ) ( NP ( DT that ) ( NN complex ) ) ) ) ( NP ( DT the ) ( NNP Landmark ) ( NNP Tower ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( NP-PRD ( NP ( NNP Japan ) ( POS 's ) ) ( JJS tallest ) ( NN building ) ) ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ-181 ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBN completed ) ( PP-TMP ( IN in ) ( NP ( CD 1993 ) ) ) ) ) ) ) ) ) )

The centerpiece of that complex the Landmark Tower will be Japan 's tallest building when it is completed in 1993

( S ( NP-SBJ ( NNP Mitsubishi ) ) ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( VP ( VBG pushing ) ( PRT ( RP ahead ) ) ( PP-CLR ( IN with ) ( NP ( NP ( DT a ) ( JJ controversial ) ( NN plan ) ( S ( VP ( TO to ) ( VP ( VB redevelop ) ( NP ( NNP Marunouchi ) ) ( PP-CLR ( IN into ) ( NP ( NP ( DT a ) ( NN business ) ( NN center ) ) ( PP ( IN of ) ( NP ( JJ high-tech ) ( NNS buildings ) ) ) ) ) ) ) ) ) ( NP ( NP ( DT a ) ( NN project ) ) ( VP ( VBN budgeted ) ( PP-CLR ( IN for ) ( NP ( NP ( CD 30 ) ( NNS years ) ) ( CC and ) ( NP ( QP ( CD six ) ( CD trillion ) ) ( NNS yen ) ) ) ) ) ) ) ) ) ) )

Mitsubishi is also pushing ahead with a controversial plan to redevelop Marunouchi into a business center of high-tech buildings a project budgeted for 30 years and six trillion yen

( S ( NP-SBJ-1 ( NNP Armstrong ) ( NNP World ) ( NNPS Industries ) ( NNP Inc. ) ) ( VP ( VBD agreed ) ( PP ( IN in ) ( NP ( NN principle ) ) ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( PRP$ its ) ( NN carpet ) ( NNS operations ) ) ( PP-DTV ( TO to ) ( NP ( NNP Shaw ) ( NNPS Industries ) ( NNP Inc ) ) ) ) ) ) ) )

Armstrong World Industries Inc. agreed in principle to sell its carpet operations to Shaw Industries Inc

( S ( S ( NP-SBJ-1 ( DT The ) ( NN price ) ) ( VP ( VBD was ) ( RB n't ) ( VP ( VBN disclosed ) ) ) ) ( IN but ) ( S ( NP-SBJ ( CD one ) ( NN analyst ) ) ( VP ( VBD estimated ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBD was ) ( NP-PRD ( QP ( CD 150 ) ( CD million ) ) ) ) ) ) ) ) )

The price was n't disclosed but one analyst estimated that it was 150 million

( S ( NP-SBJ ( NP ( NNP Armstrong ) ) ( SBAR ( WHNP-127 ( WDT which ) ) ( S ( VP ( VBZ has ) ( VP ( VBN faced ) ( NP ( NP ( DT a ) ( NN takeover ) ( NN threat ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NNP Belzberg ) ( NN family ) ) ( PP ( IN of ) ( NP ( NNP Canada ) ) ) ) ) ) ( PP-TMP ( IN since ) ( NP ( NNP July ) ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( S-NOM-SBJ ( VP ( VBG disposing ) ( PP-CLR ( IN of ) ( NP ( DT the ) ( NN carpet ) ( NN business ) ) ) ) ) ( VP ( MD would ) ( VP ( VB improve ) ( NP ( JJ total ) ( JJ financial ) ( NN performance ) ) ) ) ) ) ) )

Armstrong which has faced a takeover threat from the Belzberg family of Canada since July said that disposing of the carpet business would improve total financial performance

( S ( NP-SBJ ( DT The ) ( NN move ) ) ( ADVP ( RB also ) ) ( VP ( MD would ) ( VP ( VB allow ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( TO to ) ( VP ( VB concentrate ) ( PP-CLR ( IN on ) ( NP ( NP ( JJ core ) ( NNS businesses ) ) ( SBAR ( WHNP-128 ( WDT which ) ) ( S ( VP ( VBP include ) ( NP ( NP ( JJ ceramic ) ( NN tile ) ) ( NP ( NN floor ) ( NNS coverings ) ) ( CC and ) ( NP ( NN furniture ) ) ) ) ) ) ) ) ) ) ) ) ) )

The move also would allow the company to concentrate on core businesses which include ceramic tile floor coverings and furniture

( S ( ADVP ( JJR Moreover ) ) ( NP-SBJ ( PDT such ) ( DT a ) ( NN sale ) ) ( VP ( MD could ) ( VP ( VB help ) ( S ( NP-SBJ ( NNP Armstrong ) ) ( VP ( VP ( VB reassure ) ( NP ( PRP$ its ) ( NNS investors ) ) ) ( CC and ) ( VP ( VB deter ) ( NP ( NP ( DT the ) ( NNPS Belzbergs ) ) ( SBAR ( WHNP-129 ( WP who ) ) ( S ( VP ( VBP own ) ( NP ( NP ( DT a ) ( ADJP ( CD 9.85 ) ( NN % ) ) ( NN stake ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NAC-LOC ( NNP Lancaster ) ( NNP Pa. ) ) ( NN company ) ) ) ) ) ) ) ) ) ) ) ) ) )

Moreover such a sale could help Armstrong reassure its investors and deter the Belzbergs who own a 9.85 % stake in the Lancaster Pa. company

( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP expect ) ( S ( NP-SBJ-1 ( NNP Armstrong ) ) ( VP ( TO to ) ( VP ( VB use ) ( NP ( NP ( NNS proceeds ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN sale ) ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VP ( VB reduce ) ( NP ( NN debt ) ) ) ( VP ( VB buy ) ( PRT ( RP back ) ) ( NP ( NN stock ) ) ) ( CC or ) ( VP ( ADVP ( RB perhaps ) ) ( VB finance ) ( NP ( DT an ) ( NN acquisition ) ) ) ) ) ) ) ) ) ) )

Analysts expect Armstrong to use proceeds of the sale to reduce debt buy back stock or perhaps finance an acquisition

( S ( NP-SBJ ( DT The ) ( NN carpet ) ( NN division ) ) ( VP ( VBD had ) ( NP ( NP ( CD 1988 ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( NP ( QP ( CD 368.3 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( QP ( RB almost ) ( CD 14 ) ) ( NN % ) ) ( PP ( IN of ) ( NP ( NP ( NNP Armstrong ) ( POS 's ) ) ( ADJP ( QP ( CD 2.68 ) ( CD billion ) ) ) ( NN total ) ( NN revenue ) ) ) ) ) ) ) ) )

The carpet division had 1988 sales of 368.3 million or almost 14 % of Armstrong 's 2.68 billion total revenue

( S ( NP-SBJ ( DT The ) ( NN company ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBG manufacturing ) ( NP ( NN carpet ) ) ( PP-TMP ( IN since ) ( NP ( CD 1967 ) ) ) ) ) ) )

The company has been manufacturing carpet since 1967

( S ( ADVP-TMP ( RB Recently ) ) ( NP-SBJ ( PRP it ) ) ( VP ( VBD upgraded ) ( NP ( PRP$ its ) ( NNS plants ) ) ( SBAR-PRP ( IN so ) ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD could ) ( VP ( VB make ) ( NP ( NP ( JJ stain-resistant ) ( NNS products ) ) ( PP ( IN with ) ( NP ( ADJP ( JJR higher ) ( JJ quality ) ) ( NNS dyes ) ) ) ) ) ) ) ) ) )

Recently it upgraded its plants so that it could make stain-resistant products with higher quality dyes

( S ( PP-TMP ( IN For ) ( NP ( DT the ) ( JJ past ) ( NN year ) ( QP ( CC or ) ( CD two ) ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN carpet ) ( NN division ) ( POS 's ) ) ( NN operating ) ( NN profit ) ( NNS margins ) ) ( VP ( VBP have ) ( VP ( VBN hovered ) ( PP-LOC-CLR ( IN around ) ( NP ( NP ( CD 5 ) ( NN % ) ) ( ADJP ( ADJP ( JJ high ) ( PP ( IN by ) ( NP ( NN industry ) ( NNS standards ) ) ) ) ( CC but ) ( ADJP ( JJ disappointing ) ( PP ( VBN compared ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( ADJP ( QP ( CD 13 ) ( NN % ) ( TO to ) ( CD 19 ) ( NN % ) ) ) ( NNS margins ) ) ( PP ( IN for ) ( NP ( NP ( NP ( CD two ) ) ( PP ( IN of ) ( NP ( NP ( NNP Armstrong ) ( POS 's ) ) ( JJ chief ) ( NNS businesses ) ) ) ) ( NP ( NN flooring ) ( CC and ) ( NN building ) ( NNS products ) ) ) ) ) ) ) ) ) ) ) ) ) )

For the past year or two the carpet division 's operating profit margins have hovered around 5 % high by industry standards but disappointing compared with the 13 % to 19 % margins for two of Armstrong 's chief businesses flooring and building products

( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBD hailed ) ( NP-1 ( DT the ) ( JJ planned ) ( NN transaction ) ) ( PP-CLR ( IN as ) ( S-NOM ( VP ( VBG being ) ( ADJP-PRD ( JJ beneficial ) ( PP ( TO to ) ( NP ( NP ( NNP Armstrong ) ) ( CC and ) ( NP ( NP ( NNP Shaw ) ) ( NP ( NP ( DT the ) ( NN market ) ( NN leader ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ( NN carpet ) ( NN industry ) ) ) ) ( PP ( IN with ) ( NP ( DT an ) ( VBN estimated ) ( ADJP ( QP ( CD 17 ) ( NN % ) ( TO to ) ( CD 20 ) ( NN % ) ) ) ( NN share ) ) ) ) ) ) ) ) ) ) ) )

Analysts hailed the planned transaction as being beneficial to Armstrong and Shaw the market leader in the U.S. carpet industry with an estimated 17 % to 20 % share

( S ( NP-SBJ ( NP ( NNP Shaw ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Dalton ) ) ( NP ( NNP Ga. ) ) ) ) ) ) ( VP ( VP ( VBZ has ) ( NP ( NP ( JJ annual ) ( NNS sales ) ) ( PP ( IN of ) ( NP ( QP ( IN about ) ( CD 1.18 ) ( CD billion ) ) ) ) ) ) ( CC and ) ( VP ( VBZ has ) ( NP ( NP ( NP ( NNS economies ) ) ( PP ( IN of ) ( NP ( NN scale ) ) ) ) ( CC and ) ( NP ( NP ( JJR lower ) ( NN raw-material ) ( NNS costs ) ) ( SBAR ( WHNP-130 ( WDT that ) ) ( S ( VP ( VBP are ) ( VP ( JJ expected ) ( S ( VP ( TO to ) ( VP ( VB boost ) ( NP ( NP ( DT the ) ( NN profitability ) ) ( PP ( IN of ) ( NP ( NP ( NP ( NNP Armstrong ) ( POS 's ) ) ( NNS brands ) ) ( VP ( VBN sold ) ( PP-LOC ( IN under ) ( NP ( DT the ) ( NNP Armstrong ) ( CC and ) ( NNP Evans-Black ) ( NNS names ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Shaw based in Dalton Ga. has annual sales of about 1.18 billion and has economies of scale and lower raw-material costs that are expected to boost the profitability of Armstrong 's brands sold under the Armstrong and Evans-Black names

( S ( NP-TMP ( NN Yesterday ) ) ( PP-LOC ( IN in ) ( NP ( JJ composite ) ( NN trading ) ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP New ) ( NNP York ) ( NNP Stock ) ( NNP Exchange ) ) ) ( NP-SBJ ( NP ( NNP Shaw ) ( POS 's ) ) ( NNS shares ) ) ( VP ( VBD closed ) ( ADVP ( NN ex-dividend ) ) ( PP-CLR ( IN at ) ( NP ( CD 26.125 ) ) ) ( ADVP ( RB up ) ( NP ( CD 2.25 ) ) ) ) )

Yesterday in composite trading on the New York Stock Exchange Shaw 's shares closed ex-dividend at 26.125 up 2.25

( S ( NP-SBJ ( NP ( NP ( NNP Armstrong ) ( POS 's ) ) ( NNS shares ) ) ( VP ( ADVP ( RB also ) ) ( VBN listed ) ( PP-LOC-CLR ( IN on ) ( NP ( DT the ) ( NNP Big ) ( NNP Board ) ) ) ) ) ( VP ( VBD closed ) ( PP-CLR ( IN at ) ( NP ( CD 39.125 ) ) ) ( ADVP ( RB up ) ( NP ( CD 12.5 ) ( NNS cents ) ) ) ) )

Armstrong 's shares also listed on the Big Board closed at 39.125 up 12.5 cents

( S ( NP-TMP ( NN Yesterday ) ) ( NP-SBJ ( NNP Armstrong ) ) ( VP ( VBD reported ) ( NP ( NP ( NP ( JJ flat ) ( NNS earnings ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( JJ third ) ( NN quarter ) ) ( CC and ) ( NP ( CD nine ) ( NNS months ) ) ) ) ) ( VP ( VBN worsened ) ( PP ( IN by ) ( NP-LGS ( NP ( DT the ) ( NN stock ) ( NN dilution ) ) ( PP ( IN of ) ( NP ( NP ( DT an ) ( NN employee ) ( NN stock ) ( NN ownership ) ( NN plan ) ) ( VP ( VBN adopted ) ( NP-TMP ( RBR earlier ) ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ) )

Yesterday Armstrong reported flat earnings for the third quarter and nine months worsened by the stock dilution of an employee stock ownership plan adopted earlier this year

( S ( PP ( IN For ) ( NP ( DT the ) ( NN quarter ) ) ) ( NP-SBJ ( NNS earnings ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( NP ( QP ( CD 47 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 92 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ( PP ( VBG including ) ( NP ( NP ( DT a ) ( JJ one-time ) ( NN gain ) ) ( PP ( IN of ) ( NP ( QP ( CD 5.9 ) ( CD million ) ) ) ) ) ) ) ) )

For the quarter earnings were 47 million or 92 cents a share including a one-time gain of 5.9 million

( S ( PP-TMP ( IN In ) ( NP ( DT the ) ( JJ year-ago ) ( NN quarter ) ) ) ( NP-SBJ ( NNS earnings ) ) ( VP ( VBD were ) ( NP-PRD ( NP ( QP ( CD 42.9 ) ( CD million ) ) ) ( CC or ) ( NP ( NP ( CD 93 ) ( NNS cents ) ) ( NP-ADV ( DT a ) ( NN share ) ) ) ) ) )

In the year-ago quarter earnings were 42.9 million or 93 cents a share

( S ( NP-TMP ( NN Yesterday ) ) ( NP-SBJ ( NNP Armstrong ) ) ( VP ( VBD announced ) ( NP ( DT an ) ( NN agreement ) ( S ( VP ( TO to ) ( VP ( VB sell ) ( NP ( PRP$ its ) ( JJ small ) ( NNP Applied ) ( NNP Color ) ( NNPS Systems ) ( NN unit ) ) ( PP-DTV ( TO to ) ( NP ( NP ( DT a ) ( NN subsidiary ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ Swiss ) ( NN company ) ) ( NP ( NNP Brauerei ) ( NNP Eichof ) ( NNP Ltd ) ) ) ) ) ) ) ) ) ) ) )

Yesterday Armstrong announced an agreement to sell its small Applied Color Systems unit to a subsidiary of the Swiss company Brauerei Eichof Ltd

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

The price was n't disclosed

( S ( NP-SBJ-1 ( NNP Armstrong ) ) ( VP ( VBZ expects ) ( S ( VP ( TO to ) ( VP ( VP ( VB close ) ( NP-2 ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN color ) ( NN unit ) ) ) ) ( PP-TMP-3 ( IN in ) ( NP ( JJ late ) ( NNP November ) ) ) ) ( CC and ) ( VP ( NP=2 ( DT the ) ( NN carpet ) ( NN sale ) ) ( PP-TMP=3 ( IN in ) ( NP ( NNP December ) ) ) ) ( SBAR-ADV ( IN with ) ( S ( NP-SBJ-4 ( DT the ) ( NNS gains ) ) ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN applied ) ( PP-CLR ( TO to ) ( NP ( UCP ( JJ fourth ) ( NN quarter ) ( CC or ) ( JJ first-quarter ) ) ( NNS results ) ) ) ) ) ) ) ) ) ) ) ) )

Armstrong expects to close the sale of the color unit in late November and the carpet sale in December with the gains to be applied to fourth quarter or first-quarter results

( S ( NP-SBJ-1 ( NNP Banca ) ( NNP Nazionale ) ( FW del ) ( NNP Lavoro ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( PRP$ its ) ( JJ potential ) ( NNS losses ) ) ( PP ( IN from ) ( S-NOM ( VP ( VBG lending ) ( PP-CLR ( TO to ) ( NP ( NNP Iraq ) ) ) ) ) ) ) ( VP ( MD could ) ( VP ( VB reach ) ( NP ( NP ( QP ( CD 1.175 ) ( CD trillion ) ) ( NNS lire ) ) ( PRN ( NP ( QP ( CD 872 ) ( CD million ) ) ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG marking ) ( NP ( NP ( NP ( DT the ) ( NN bank ) ( POS 's ) ) ( JJ first ) ( NN quantification ) ) ( PP ( IN of ) ( NP ( NP ( JJ potential ) ( NNS costs ) ) ( PP ( IN of ) ( NP ( NP ( JJ unauthorized ) ( NN lending ) ) ( PP ( IN by ) ( NP ( PRP$ its ) ( NNP Atlanta ) ( NN branch ) ) ) ) ) ) ) ) ) ) ) )

Banca Nazionale del Lavoro said its potential losses from lending to Iraq could reach 1.175 trillion lire 872 million marking the bank 's first quantification of potential costs of unauthorized lending by its Atlanta branch

( S ( NP-SBJ ( NNP BNL ) ) ( ADVP-TMP ( RB previously ) ) ( VP ( VBD reported ) ( SBAR ( DT that ) ( S ( NP-SBJ ( PRP$ its ) ( NNP Georgia ) ( NN branch ) ) ( VP ( VBD had ) ( VP ( VBN taken ) ( PRT ( RP on ) ) ( NP ( NP ( NN loan ) ( NNS commitments ) ) ( VP ( VBG topping ) ( NP ( QP ( CD 3 ) ( CD billion ) ) ) ) ) ( PP ( IN without ) ( NP ( NP ( DT the ) ( JJ Rome-based ) ( NN management ) ( POS 's ) ) ( NN approval ) ) ) ) ) ) ) ) )

BNL previously reported that its Georgia branch had taken on loan commitments topping 3 billion without the Rome-based management 's approval

( S ( NP-SBJ ( NP ( JJ State-owned ) ( NNP BNL ) ) ( NP ( NP ( NNP Italy ) ( POS 's ) ) ( JJS largest ) ( NN bank ) ) ) ( VP ( VBZ has ) ( VP ( VBN filed ) ( NP ( NP ( NNS charges ) ) ( PP ( IN against ) ( NP ( NP ( NP ( NP ( DT the ) ( NN branch ) ( POS 's ) ) ( JJ former ) ( NN manager ) ) ( NP ( NNP Christopher ) ( NNP Drogoul ) ) ) ( CC and ) ( NP ( DT a ) ( JJ former ) ( NN branch ) ( NN vice ) ( NN president ) ) ) ) ( VP ( VBG alleging ) ( NP ( NP ( NN fraud ) ) ( CC and ) ( NP ( NP ( NN breach ) ) ( PP ( IN of ) ( NP ( PRP$ their ) ( JJ fiduciary ) ( NNS duties ) ) ) ) ) ) ) ) ) )

State-owned BNL Italy 's largest bank has filed charges against the branch 's former manager Christopher Drogoul and a former branch vice president alleging fraud and breach of their fiduciary duties

( S ( NP-SBJ ( NNP BNL ) ) ( ADVP ( RB also ) ) ( VP ( VBD said ) ( SBAR ( DT that ) ( S ( NP-SBJ ( PRP$ its ) ( NN board ) ) ( VP ( VBD had ) ( VP ( VBN approved ) ( PP-TMP ( IN after ) ( NP ( DT an ) ( JJ in-depth ) ( NN discussion ) ) ) ( NP ( NP ( DT a ) ( NN letter ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP Italy ) ) ) ) ) ( VP ( VBG outlining ) ( NP ( NP ( NNS measures ) ) ( SBAR ( S ( NP-SBJ-3 ( DT the ) ( JJ state-owned ) ( NN bank ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN taken ) ) ) ( CC or ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB take ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB improve ) ( NP ( NP ( NNS controls ) ) ( PP ( IN on ) ( NP ( PRP$ its ) ( JJ foreign ) ( NNS branches ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

BNL also said that its board had approved after an in-depth discussion a letter to the Bank of Italy outlining measures the state-owned bank has taken or plans to take to improve controls on its foreign branches

( S ( NP-SBJ ( DT The ) ( JJ central ) ( NN bank ) ) ( VP ( VBD had ) ( VP ( VBN ordered ) ( NP-1 ( NNP BNL ) ) ( S ( VP ( TO to ) ( VP ( VB come ) ( PRT ( RP up ) ) ( PP-CLR ( IN with ) ( NP ( DT a ) ( JJ suitable ) ( NN program ) ) ) ( PP-TMP ( IN by ) ( NP ( NN yesterday ) ) ) ) ) ) ) ) )

The central bank had ordered BNL to come up with a suitable program by yesterday

( S ( S ( NP-SBJ ( NP ( NNP Bank ) ) ( PP ( IN of ) ( NP ( NNP Italy ) ) ) ) ( VP ( VBZ has ) ( ADVP ( RB also ) ) ( VP ( VBN ordered ) ( NP-1 ( NNP BNL ) ) ( S ( VP ( TO to ) ( VP ( VB shore ) ( PRT ( RP up ) ) ( NP ( PRP$ its ) ( NN capital ) ( NN base ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB account ) ( PP-CLR ( IN for ) ( NP ( JJ potential ) ( JJ foreign ) ( NN loan ) ( NNS losses ) ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT the ) ( NNP Rome ) ( NN bank ) ) ( VP ( VBZ has ) ( VP ( VBN outlined ) ( NP ( DT a ) ( ADJP ( QP ( CD 3 ) ( CD trillion ) ) ( NNS lire ) ) ( JJ capital-raising ) ( NN operation ) ) ) ) ) )

Bank of Italy has also ordered BNL to shore up its capital base to account for potential foreign loan losses and the Rome bank has outlined a 3 trillion lire capital-raising operation

( S ( NP-SBJ-1 ( NNP BNL ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ unable ) ( S ( VP ( TO to ) ( VP ( VB elaborate ) ( PP-CLR ( IN on ) ( SBAR ( WHNP-2 ( WDT what ) ( NNS measures ) ) ( S ( VP ( VBD were ) ( VP ( VBN planned ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN bank ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB improve ) ( NP ( NP ( NNS controls ) ) ( PP ( IN on ) ( NP ( NP ( PRP$ its ) ( NNS branches ) ) ( ADVP-LOC ( RB abroad ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

BNL was unable to elaborate on what measures were planned by the bank to improve controls on its branches abroad

( S ( NP-SBJ-1 ( NP ( NNP Gov. ) ( NNP George ) ( NNP Deukmejian ) ) ( CC and ) ( NP ( JJ key ) ( NNS legislators ) ) ) ( VP ( VBD agreed ) ( S ( VP ( TO to ) ( VP ( VB back ) ( NP ( NP ( DT a ) ( JJ temporary ) ( JJ one-quarter-cent ) ( NN increase ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN state ) ( NNS sales ) ( NN tax ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB raise ) ( NP ( NP ( QP ( CD 800 ) ( CD million ) ) ) ( PP ( IN for ) ( NP ( NP ( NNS repairs ) ( CC and ) ( NN relief ) ) ( VP ( VBN associated ) ( PP-CLR ( IN with ) ( NP ( NP ( JJ last ) ( NN month ) ( POS 's ) ) ( NN earthquake ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Gov. George Deukmejian and key legislators agreed to back a temporary one-quarter-cent increase in the state sales tax to raise 800 million for repairs and relief associated with last month 's earthquake

( S ( NP-SBJ ( NP ( DT The ) ( NN tax ) ( NN increase ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN considered ) ( PP-LOC ( IN at ) ( NP ( NP ( DT a ) ( JJ special ) ( NN session ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN state ) ( NN legislature ) ) ) ( SBAR ( WHNP-275 ( WDT that ) ) ( S ( VP ( VBZ begins ) ( NP-TMP ( NN tomorrow ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VB cover ) ( NP ( NP ( JJ only ) ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( VBN estimated ) ( QP ( CD 4 ) ( CD billion ) ( TO to ) ( CD 6 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( NP ( JJ total ) ( NN damage ) ) ( VP ( VBN caused ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP Oct. ) ( CD 17 ) ( NN quake ) ) ) ) ) ) ) ) ) ) ) )

The tax increase which will be considered at a special session of the state legislature that begins tomorrow would cover only part of the estimated 4 billion to 6 billion in total damage caused by the Oct. 17 quake

( S ( ADVP ( RB Aside ) ( PP ( IN from ) ( NP ( NP ( QP ( RB as ) ( JJ much ) ( IN as ) ( CD 3.45 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( ADJP ( RB recently ) ( VBN approved ) ) ( JJ federal ) ( NN aid ) ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NN state ) ) ( VP ( VBZ is ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB draw ) ( PP-CLR ( IN from ) ( NP ( NP ( DT a ) ( JJ gubernatorial ) ( NN emergency ) ( NN fund ) ) ( SBAR ( WHNP-276 ( WDT that ) ) ( S ( ADVP-TMP ( RB currently ) ) ( VP ( VBZ stands ) ( PP-CLR ( IN at ) ( NP ( DT an ) ( VBN estimated ) ( QP ( CD 700 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Aside from as much as 3.45 billion in recently approved federal aid the state is expected to draw from a gubernatorial emergency fund that currently stands at an estimated 700 million

( SINV ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( VBP am ) ( RB not ) ( ADJP-PRD ( JJ aware ) ( SBAR ( IN that ) ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( NN anything ) ) ( CC but ) ( NP ( NP ( JJ bipartisan ) ( NN agreement ) ) ( PP ( IN for ) ( NP ( NP ( DT the ) ( JJ general ) ( NN outline ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ revenue-raising ) ( NN plan ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( DT a ) ( NN spokesman ) ) ( PP ( IN for ) ( NP ( DT the ) ( NN governor ) ) ) ) ( PP-TMP ( IN after ) ( NP ( NP ( DT a ) ( NNP Monday ) ( NN meeting ) ) ( PP ( IN with ) ( NP ( JJ legislative ) ( NNS leaders ) ) ) ( PP ( IN over ) ( NP ( DT the ) ( JJ quake-relief ) ( NN question ) ) ) ) ) )

I am not aware that there is anything but bipartisan agreement for the general outline of the revenue-raising plan said a spokesman for the governor after a Monday meeting with legislative leaders over the quake-relief question

( S ( NP-SBJ ( DT The ) ( NN tax ) ( NN increase ) ) ( PRN ( PP ( IN on ) ( NP ( NP ( NN top ) ) ( PP ( IN of ) ( NP ( DT the ) ( JJ current ) ( ADJP ( JJ six-cent ) ( PP ( IN per ) ( NP ( NN dollar ) ) ) ) ( NNS sales ) ( NN tax ) ) ) ) ) ) ( VP ( MD would ) ( VP ( VP ( VB become ) ( ADJP-PRD ( JJ effective ) ) ( NP-TMP ( DT this ) ( NNP Dec. ) ( CD 1 ) ) ) ( CC and ) ( VP ( VB expire ) ( NP-TMP-CLR ( NNP Dec. ) ( CD 31 ) ( CD 1990 ) ) ) ) ) )

The tax increase on top of the current six-cent per dollar sales tax would become effective this Dec. 1 and expire Dec. 31 1990

( S ( NP-SBJ-239 ( DT The ) ( NN sales-tax ) ( NN plan ) ) ( VP ( VBD was ) ( VP ( VBN preferred ) ( PP-CLR ( IN over ) ( NP ( NP ( DT an ) ( NN alternative ) ) ( SBAR ( WHNP-277 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB have ) ( VP ( VBN boosted ) ( NP ( DT the ) ( NN state ) ( NN gasoline ) ( NN tax ) ) ) ) ) ) ) ) ) ) ) )

The sales-tax plan was preferred over an alternative that would have boosted the state gasoline tax

( S ( NP-SBJ ( DT Some ) ( NNS legislators ) ) ( VP ( VBD expressed ) ( NP ( NN concern ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT a ) ( NN gas-tax ) ( NN increase ) ) ( VP ( MD would ) ( VP ( VP ( VB take ) ( ADVP-CLR ( RB too ) ( RB long ) ) ) ( CC and ) ( VP ( ADVP ( RB possibly ) ) ( VB damage ) ( NP ( NP ( NNS chances ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ major ) ( JJ gas-tax-increasing ) ( NN ballot ) ( NN initiative ) ) ( SBAR ( WHNP-278 ( IN that ) ) ( S ( NP-SBJ ( NNS voters ) ) ( VP ( MD will ) ( VP ( VB consider ) ( NP-TMP ( JJ next ) ( NNP June ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Some legislators expressed concern that a gas-tax increase would take too long and possibly damage chances of a major gas-tax-increasing ballot initiative that voters will consider next June

( S ( S-TPC-1 ( NP-SBJ ( NP ( NNP Canada ) ( POS 's ) ) ( JJ gross ) ( JJ domestic ) ( NN product ) ) ( VP ( VBD rose ) ( NP-EXT ( DT an ) ( JJ inflation-adjusted ) ( CD 0.3 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ) ) ( PP-PRP ( ADVP ( RB mainly ) ) ( IN as ) ( NP ( NP ( DT a ) ( NN result ) ) ( PP ( IN of ) ( NP ( NN service-industry ) ( NN growth ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNPS Statistics ) ( NNP Canada ) ) ( NP ( DT a ) ( JJ federal ) ( NN agency ) ) ) ( VP ( VBD said ) ) )

Canada 's gross domestic product rose an inflation-adjusted 0.3 % in August mainly as a result of service-industry growth Statistics Canada a federal agency said

( S ( NP-SBJ ( DT The ) ( NNP August ) ( NNP GDP ) ) ( VP ( VBD was ) ( ADVP-PRD ( RB up ) ( NP ( CD 2.4 ) ( NN % ) ) ( PP-DIR ( IN from ) ( NP ( PRP$ its ) ( JJ year-earlier ) ( NN level ) ) ) ) ) )

The August GDP was up 2.4 % from its year-earlier level

( S ( NP-SBJ ( NNP GDP ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT the ) ( JJ total ) ( NN value ) ) ( PP ( IN of ) ( NP ( NP ( NP ( DT a ) ( NN nation ) ( POS 's ) ) ( NN output ) ) ( PP ( IN of ) ( NP ( NNS goods ) ( CC and ) ( NNS services ) ) ) ) ) ) ) )

GDP is the total value of a nation 's output of goods and services

( S ( NP-SBJ ( NNPS Statistics ) ( NNP Canada ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( NN service-industry ) ( NN output ) ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ) ) ) ( VP ( VBD rose ) ( NP-EXT ( CD 0.4 ) ( NN % ) ) ( PP-DIR ( IN from ) ( NP-TMP ( NNP July ) ) ) ) ) ) ) )

Statistics Canada said service-industry output in August rose 0.4 % from July

( S ( NP-SBJ ( NP ( NN Output ) ) ( PP ( IN of ) ( NP ( JJ goods-producing ) ( NNS industries ) ) ) ) ( VP ( VBD increased ) ( NP-EXT ( CD 0.1 ) ( NN % ) ) ) )

Output of goods-producing industries increased 0.1 %

( S ( ADVP ( RB Separately ) ) ( NP-SBJ ( NNPS Statistics ) ( NNP Canada ) ) ( VP ( VBD reported ) ( SBAR ( DT that ) ( S ( NP-SBJ ( PRP$ its ) ( NN industrial-product ) ( NN price ) ( NN index ) ) ( VP ( VBD dropped ) ( NP-EXT ( CD 0.2 ) ( NN % ) ) ( PP-TMP ( IN in ) ( NP ( NNP September ) ) ) ( NP-ADV ( PRP$ its ) ( JJ third ) ( JJ consecutive ) ( JJ monthly ) ( NN decline ) ) ) ) ) ) )

Separately Statistics Canada reported that its industrial-product price index dropped 0.2 % in September its third consecutive monthly decline

( S ( NP-SBJ ( PRP It ) ) ( ADVP ( RB also ) ) ( VP ( VBD reported ) ( NP ( NP ( DT a ) ( ADJP ( CD 2.6 ) ( NN % ) ) ( NN decline ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ its ) ( NNS raw-materials ) ( NN price ) ( NN index ) ) ) ( PP ( IN for ) ( NP ( NNP September ) ) ) ) ) )

It also reported a 2.6 % decline in its raw-materials price index for September

( S ( S ( NP-SBJ ( NP ( NNP Time ) ( NNP Warner ) ( NNP Inc. ) ) ( CC and ) ( NP ( NNP Sony ) ( NNP Corp. ) ) ) ( VP ( MD may ) ( VP ( VB be ) ( NP-PRD ( NP ( NN today ) ( POS 's ) ) ( JJ public ) ( NNS enemies ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( DT the ) ( CD two ) ( NN entertainment ) ( NNS giants ) ) ( VP ( MD could ) ( VP ( VB end ) ( PRT ( RP up ) ) ( S ( VP ( VBG becoming ) ( NP-PRD ( NP ( NNS partners ) ) ( PP ( IN in ) ( NP ( NP ( DT a ) ( NN number ) ) ( PP ( IN of ) ( NP ( NNS ventures ) ) ) ) ) ) ( PP ( IN as ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NN settlement ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ their ) ( JJ acrimonious ) ( JJ legal ) ( NN dispute ) ) ( PP ( IN over ) ( NP ( NNP Hollywood ) ( NNS producers ) ( NNP Peter ) ( NNP Guber ) ( CC and ) ( NNP Jon ) ( NNP Peters ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Time Warner Inc. and Sony Corp. may be today 's public enemies but the two entertainment giants could end up becoming partners in a number of ventures as part of a settlement of their acrimonious legal dispute over Hollywood producers Peter Guber and Jon Peters

( S ( NP-SBJ-1 ( NP ( DT The ) ( NNP Warner ) ( NNPS Bros. ) ( NN studio ) ) ( CC and ) ( NP ( NNP Sony ) ) ) ( VP ( VBD signaled ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBP are ) ( ADVP-LOC-PRD ( JJ close ) ( PP ( TO to ) ( NP ( DT a ) ( NN settlement ) ) ) ) ) ) ) ( NP-TMP ( NN yesterday ) ) ( S-ADV ( VP ( VBG asking ) ( NP-2 ( DT a ) ( NNP Los ) ( NNP Angeles ) ( NNP Superior ) ( NNP Court ) ) ( S ( VP ( TO to ) ( VP ( VB postpone ) ( NP ( NP ( DT a ) ( NN hearing ) ) ( VP ( VBN scheduled ) ( PP-CLR ( IN for ) ( NP ( NN tomorrow ) ) ) ) ( PP ( IN on ) ( NP ( NP ( NP ( NNP Warner ) ( POS 's ) ) ( NN request ) ) ( PP ( IN for ) ( NP ( NP ( DT a ) ( JJ preliminary ) ( NN injunction ) ) ( VP ( VBG blocking ) ( NP-3 ( NP ( NNP Mr. ) ( NNP Guber ) ) ( CC and ) ( NP ( NNP Mr. ) ( NNP Peters ) ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG taking ) ( NP ( NP ( DT the ) ( JJ top ) ( NNS posts ) ) ( PP-LOC ( IN at ) ( NP ( NNP Columbia ) ( NNPS Pictures ) ( NNP Entertainment ) ( NNP Inc ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

The Warner Bros. studio and Sony signaled they are close to a settlement yesterday asking a Los Angeles Superior Court to postpone a hearing scheduled for tomorrow on Warner 's request for a preliminary injunction blocking Mr. Guber and Mr. Peters from taking the top posts at Columbia Pictures Entertainment Inc

( S ( PP-LOC ( IN In ) ( NP ( JJ separate ) ( NNS statements ) ) ) ( NP-SBJ ( DT the ) ( CD two ) ( NNS sides ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP they ) ) ( VP ( VBP want ) ( S ( VP ( TO to ) ( VP ( VB have ) ( NP ( JJ further ) ( NNS discussions ) ) ) ) ) ) ) ) ) )

In separate statements the two sides said they want to have further discussions

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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