We do n't look at it as not being a standard we look at it as a new standard he argues

( S ( S-TPC-2 ( S ( NP-SBJ ( PRP We ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB look ) ( PP-CLR ( IN at ) ( NP-1 ( PRP it ) ) ) ( PP-CLR ( IN as ) ( S-NOM ( RB not ) ( VP ( VBG being ) ( NP-PRD ( DT a ) ( NN standard ) ) ) ) ) ) ) ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( VBP look ) ( PP-CLR ( IN at ) ( NP ( PRP it ) ) ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( JJ new ) ( NN standard ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ argues ) ) )


Analysts do n't see it that way

( S ( NP-SBJ ( NNS Analysts ) ) ( VP ( VBP do ) ( RB n't ) ( VP ( VB see ) ( NP ( PRP it ) ) ( NP-MNR ( DT that ) ( NN way ) ) ) ) )


I ca n't imagine that you 'll talk to anyone who wo n't tell you this is dynamite for Compaq and a stopper for everyone else says Gene Talsky president of Professional Marketing Management Inc

( SINV ( S-TPC-2 ( NP-SBJ ( PRP I ) ) ( VP ( MD ca ) ( RB n't ) ( VP ( VB imagine ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP you ) ) ( VP ( MD 'll ) ( VP ( VB talk ) ( PP-CLR ( TO to ) ( NP ( NP ( NN anyone ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( MD wo ) ( RB n't ) ( VP ( VB tell ) ( NP ( PRP you ) ) ( SBAR ( S ( NP-SBJ ( DT this ) ) ( VP ( VP ( VBZ is ) ( NP-PRD-3 ( NN dynamite ) ) ( PP-4 ( IN for ) ( NP ( NNP Compaq ) ) ) ) ( CC and ) ( VP ( NP-PRD=3 ( DT a ) ( NN stopper ) ) ( PP=4 ( IN for ) ( NP ( NP ( NN everyone ) ) ( ADJP ( RB else ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Gene ) ( NNP Talsky ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( NNP Professional ) ( NNP Marketing ) ( NNP Management ) ( NNP Inc ) ) ) ) ) )


Adds Bill Lempesis senior industry analyst for DataQuest a high-technology market research firm We basically think that these are very hot products

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The problem Compaq is going to have is that they wo n't be able to make enough of them

( S ( NP-SBJ ( NP ( DT The ) ( NN problem ) ) ( SBAR ( S ( NP-SBJ-2 ( NNP Compaq ) ) ( VP ( VBZ is ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB have ) ) ) ) ) ) ) ) ) ( VP ( VBZ is ) ( SBAR-PRD ( IN that ) ( S ( NP-SBJ-3 ( PRP they ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VB make ) ( NP ( NP ( JJ enough ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ) ) ) ) ) ) ) ) ) ) )


Compaq 's machines include the 3 1\/2-inch floppy disk drive a backlit screen that is only 1\/4-inch thick and an internal expansion slot for a modem in other words almost all the capabilities of a typical office machine

( S ( NP-SBJ ( NP ( NNP Compaq ) ( POS 's ) ) ( NNS machines ) ) ( VP ( VBP include ) ( NP ( NP ( NP ( DT the ) ( ADJP ( CD 3 ) ( JJ 1\/2-inch ) ) ( JJ floppy ) ( NN disk ) ( NN drive ) ) ( NP ( NP ( DT a ) ( JJ backlit ) ( NN screen ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ is ) ( ADVP ( RB only ) ) ( ADJP-PRD ( JJ 1\/4-inch ) ( JJ thick ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT an ) ( JJ internal ) ( NN expansion ) ( NN slot ) ) ( PP ( IN for ) ( NP ( DT a ) ( NN modem ) ) ) ) ) ( PP ( IN in ) ( NP ( JJ other ) ( NNS words ) ) ) ( NP ( NP ( ADJP ( RB almost ) ( PDT all ) ) ( DT the ) ( NNS capabilities ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ typical ) ( NN office ) ( NN machine ) ) ) ) ) ) )


Others undoubtedly will follow but most analysts believe Compaq has at least a six-month lead on the competition

( S ( S ( NP-SBJ ( NNS Others ) ) ( ADVP ( RB undoubtedly ) ) ( VP ( MD will ) ( VP ( VB follow ) ) ) ) ( CC but ) ( S ( NP-SBJ ( JJS most ) ( NNS analysts ) ) ( VP ( VBP believe ) ( SBAR ( S ( NP-SBJ ( NNP Compaq ) ) ( VP ( VBZ has ) ( NP ( NP ( ADVP ( IN at ) ( JJS least ) ) ( DT a ) ( JJ six-month ) ( NN lead ) ) ( PP ( IN on ) ( NP ( DT the ) ( NN competition ) ) ) ) ) ) ) ) ) )


Toshiba 's line of portables for example features the T-1000 which is in the same weight class but is much slower and has less memory and the T-1600 which also uses a 286 microprocessor but which weighs almost twice as much and is three times the size

( S ( NP-SBJ ( NP ( NP ( NNP Toshiba ) ( POS 's ) ) ( NN line ) ) ( PP ( IN of ) ( NP ( NNS portables ) ) ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( VBZ features ) ( NP ( NP ( NP ( DT the ) ( NNP T-1000 ) ) ( SBAR ( WHNP-1601 ( WDT which ) ) ( S ( VP ( VP ( VBZ is ) ( PP-LOC-PRD ( IN in ) ( NP ( DT the ) ( JJ same ) ( NN weight ) ( NN class ) ) ) ) ( CC but ) ( VP ( VBZ is ) ( ADJP-PRD ( RB much ) ( JJR slower ) ) ) ( CC and ) ( VP ( VBZ has ) ( NP ( JJR less ) ( NN memory ) ) ) ) ) ) ) ( CC and ) ( NP ( NP ( DT the ) ( NNP T-1600 ) ) ( SBAR ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( ADVP ( RB also ) ) ( VP ( VBZ uses ) ( NP ( DT a ) ( CD 286 ) ( NN microprocessor ) ) ) ) ) ( CC but ) ( SBAR ( WHNP-1602 ( WDT which ) ) ( S ( VP ( VP ( VBZ weighs ) ( NP ( NP ( RB almost ) ( RB twice ) ) ( PP ( IN as ) ( NP ( JJ much ) ) ) ) ) ( CC and ) ( VP ( VBZ is ) ( NP-PRD ( QP ( CD three ) ( NNS times ) ) ( DT the ) ( NN size ) ) ) ) ) ) ) ) ) ) )


A third model marketed in Japan may hit the U.S. by the end of the first quarter of 1990 but by then analysts say Compaq will have established itself as one of three major players

( S ( S ( NP-SBJ-1 ( DT A ) ( JJ third ) ( NN model ) ) ( S-ADV ( VP ( VBN marketed ) ( PP-LOC ( IN in ) ( NP ( NNP Japan ) ) ) ) ) ( VP ( MD may ) ( VP ( VB hit ) ( NP ( DT the ) ( NNP U.S. ) ) ( PP-TMP ( IN by ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJ first ) ( NN quarter ) ) ( PP ( IN of ) ( NP ( CD 1990 ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S-3 ( PP-TMP ( IN by ) ( NP ( RB then ) ) ) ( PRN ( S ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP say ) ) ) ) ( NP-SBJ ( NNP Compaq ) ) ( VP ( MD will ) ( VP ( VB have ) ( VP ( VBN established ) ( NP ( PRP itself ) ) ( PP-CLR ( IN as ) ( NP ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( CD three ) ( JJ major ) ( NNS players ) ) ) ) ) ) ) ) ) )


What about Big Blue

( SBARQ ( WHNP ( WP What ) ) ( FRAG ( PP ( IN about ) ( NP ( NNP Big ) ( NNP Blue ) ) ) ) )


International Business Machines Corp. analysts say has been burned twice in trying to enter the laptop market and shows no signs of trying to get into notebooks anytime soon

( S-1 ( NP-SBJ-2 ( NNP International ) ( NNP Business ) ( NNP Machines ) ( NNP Corp. ) ) ( PRN ( S ( NP-SBJ ( NNS analysts ) ) ( VP ( VBP say ) ) ) ) ( VP ( VP ( VBZ has ) ( VP ( VBN been ) ( VP ( VBN burned ) ( ADVP-TMP ( RB twice ) ) ( PP ( IN in ) ( S-NOM ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB enter ) ( NP ( DT the ) ( NN laptop ) ( NN market ) ) ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ shows ) ( NP ( NP ( DT no ) ( NNS signs ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG trying ) ( S ( VP ( TO to ) ( VP ( VB get ) ( PP-DIR ( IN into ) ( NP ( NNS notebooks ) ) ) ( ADVP-TMP ( RB anytime ) ( RB soon ) ) ) ) ) ) ) ) ) ) ) )


Syms Corp. completed the sale of its A. Sulka & Co. subsidiary a men 's luxury haberdashery to Luxco Investments

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Terms were n't disclosed

( S ( NP-SBJ-1 ( NNS Terms ) ) ( VP ( VBD were ) ( RB n't ) ( VP ( VBN disclosed ) ) ) )


As Syms 's core business of off-price retailing grows a small subsidiary that is operationally unrelated becomes a difficult distraction said Marcy Syms president of the parent in a statement

( SINV ( S-TPC-2 ( SBAR-TMP ( IN As ) ( S ( NP-SBJ ( NP ( NP ( NNP Syms ) ( POS 's ) ) ( JJ core ) ( NN business ) ) ( PP ( IN of ) ( NP ( JJ off-price ) ( NN retailing ) ) ) ) ( VP ( VBZ grows ) ) ) ) ( NP-SBJ ( NP ( DT a ) ( JJ small ) ( NN subsidiary ) ) ( SBAR ( WHNP-1 ( WDT that ) ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( RB operationally ) ( JJ unrelated ) ) ) ) ) ) ( VP ( VBZ becomes ) ( NP-PRD ( DT a ) ( JJ difficult ) ( NN distraction ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Marcy ) ( NNP Syms ) ) ( NP ( NP ( NN president ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN parent ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN statement ) ) ) )


A spokeswoman said Sulka operates a total of seven stores in the U.S. and overseas

( S ( NP-SBJ ( DT A ) ( NN spokeswoman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NNP Sulka ) ) ( VP ( VBZ operates ) ( NP ( NP ( DT a ) ( NN total ) ) ( PP ( IN of ) ( NP ( CD seven ) ( NNS stores ) ) ) ) ( UCP ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ( CC and ) ( ADVP-LOC ( RB overseas ) ) ) ) ) ) ) )


Syms operates 25 off-price apparel stores in the U.S.

( S ( NP-SBJ ( NNS Syms ) ) ( VP ( VBZ operates ) ( NP ( CD 25 ) ( JJ off-price ) ( NN apparel ) ( NNS stores ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.S. ) ) ) ) )


When Justice William Brennan marks the start of his 34th year on the Supreme Court today the occasion will differ sharply from previous anniversaries of his tenure

( S ( SBAR ( WHADVP-1 ( WRB When ) ) ( S ( NP-SBJ ( NNP Justice ) ( NNP William ) ( NNP Brennan ) ) ( VP ( VBZ marks ) ( NP ( NP ( DT the ) ( NN start ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ his ) ( JJ 34th ) ( NN year ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( NNP Supreme ) ( NNP Court ) ) ) ) ) ) ( NP-TMP ( NN today ) ) ) ) ) ( NP-SBJ ( DT the ) ( NN occasion ) ) ( VP ( MD will ) ( VP ( VB differ ) ( ADVP-MNR ( RB sharply ) ) ( PP-CLR ( IN from ) ( NP ( NP ( JJ previous ) ( NNS anniversaries ) ) ( PP ( IN of ) ( NP ( PRP$ his ) ( NN tenure ) ) ) ) ) ) ) )


For the first time the 83-year-old justice finds his influence almost exclusively in dissent rather than as a force in the high court 's majority

( S ( PP-TMP ( IN For ) ( NP ( DT the ) ( JJ first ) ( NN time ) ) ) ( NP-SBJ ( DT the ) ( JJ 83-year-old ) ( NN justice ) ) ( VP ( VBZ finds ) ( NP ( PRP$ his ) ( NN influence ) ) ( UCP ( PP-LOC-CLR ( ADVP ( RB almost ) ( RB exclusively ) ) ( IN in ) ( NP ( NN dissent ) ) ) ( CONJP ( RB rather ) ( IN than ) ) ( PP-CLR ( IN as ) ( NP ( NP ( DT a ) ( NN force ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ high ) ( NN court ) ( POS 's ) ) ( NN majority ) ) ) ) ) ) ) )


This role reversal holds true as well for his three liberal and moderate allies Justices Thurgood Marshall Harry Blackmun and John Stevens

( S ( NP-SBJ-1 ( DT This ) ( NN role ) ( NN reversal ) ) ( VP ( VBZ holds ) ( S-CLR ( ADJP-PRD ( JJ true ) ) ) ( ADVP ( IN as ) ( RB well ) ) ( PP ( IN for ) ( NP ( NP ( PRP$ his ) ( CD three ) ( ADJP ( JJ liberal ) ( CC and ) ( JJ moderate ) ) ( NNS allies ) ) ( NP ( NNP Justices ) ( NNP Thurgood ) ( NNP Marshall ) ( NNP Harry ) ( NNP Blackmun ) ( CC and ) ( NNP John ) ( NNP Stevens ) ) ) ) ) )


But are these four players three of them in their 80s ready to assume a different role after 88 years collectively of service on the high court

( SQ ( CC But ) ( VBP are ) ( NP-SBJ-1 ( NP ( DT these ) ( CD four ) ( NNS players ) ) ( NP ( NP ( CD three ) ) ( PP ( IN of ) ( NP ( PRP them ) ) ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( NNS 80s ) ) ) ) ) ( ADJP-PRD ( JJ ready ) ( S ( VP ( TO to ) ( VP ( VB assume ) ( NP ( DT a ) ( JJ different ) ( NN role ) ) ( PP-TMP ( IN after ) ( NP ( NP ( CD 88 ) ( NNS years ) ) ( ADVP ( RB collectively ) ) ( PP ( IN of ) ( NP ( NN service ) ) ) ( PP-LOC ( IN on ) ( NP ( DT the ) ( JJ high ) ( NN court ) ) ) ) ) ) ) ) ) )


Every indication is that the four are prepared to accept this new role and the frustrations that go with it but in different ways

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Justices Brennan and Stevens appear philosophical about it Justices Marshall and Blackmun appear fighting mad

( S ( S ( NP-SBJ ( NNPS Justices ) ( NNP Brennan ) ( CC and ) ( NNP Stevens ) ) ( VP ( VBP appear ) ( ADJP-PRD ( JJ philosophical ) ( PP ( IN about ) ( NP ( PRP it ) ) ) ) ) ) ( S ( NP-SBJ ( NNPS Justices ) ( NNP Marshall ) ( CC and ) ( NNP Blackmun ) ) ( VP ( VBP appear ) ( ADJP-PRD ( NN fighting ) ( JJ mad ) ) ) ) )


The four justices are no newcomers to dissent often joining forces in the past decade to criticize the court 's conservative drift

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But always in years past they have bucked the trend and have been able to pick up a fifth vote to eke out a number of major victories in civil rights and liberties cases

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Now however as the court 's new five-member conservative majority continues to solidify victories for the liberals are rare

( S ( ADVP-TMP ( RB Now ) ) ( ADVP ( RB however ) ) ( SBAR-TMP ( IN as ) ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN court ) ( POS 's ) ) ( JJ new ) ( JJ five-member ) ( JJ conservative ) ( NN majority ) ) ( VP ( VBZ continues ) ( S ( VP ( TO to ) ( VP ( VB solidify ) ) ) ) ) ) ) ( NP-SBJ ( NP ( NNS victories ) ) ( PP ( IN for ) ( NP ( DT the ) ( NNS liberals ) ) ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ rare ) ) ) )


The change is most dramatic for Justice Brennan the last survivor of the mid-1960s liberal majority under Chief Justice Earl Warren

( S ( NP-SBJ ( DT The ) ( NN change ) ) ( VP ( VBZ is ) ( ADJP-PRD ( RBS most ) ( JJ dramatic ) ) ( PP ( IN for ) ( NP ( NP ( NNP Justice ) ( NNP Brennan ) ) ( NP ( NP ( DT the ) ( JJ last ) ( NN survivor ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS mid-1960s ) ( JJ liberal ) ( NN majority ) ) ( PP-LOC ( IN under ) ( NP ( NNP Chief ) ( NNP Justice ) ( NNP Earl ) ( NNP Warren ) ) ) ) ) ) ) ) ) )


In the seven Supreme Court terms from the fall of 1962 through the spring of 1967 the height of the Warren Court 's power Justice Brennan cast only 25 dissenting votes in 555 cases decided by the court

( S ( PP-TMP ( IN In ) ( NP ( NP ( DT the ) ( CD seven ) ( NNP Supreme ) ( NNP Court ) ( NNS terms ) ) ( PP-TMP ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN fall ) ) ( PP ( IN of ) ( NP ( CD 1962 ) ) ) ) ) ( PP ( IN through ) ( NP ( NP ( DT the ) ( NN spring ) ) ( PP ( IN of ) ( NP ( CD 1967 ) ) ) ) ) ) ( NP ( NP ( DT the ) ( NN height ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNP Warren ) ( NNP Court ) ( POS 's ) ) ( NN power ) ) ) ) ) ) ( NP-SBJ ( NNP Justice ) ( NNP Brennan ) ) ( VP ( VBD cast ) ( NP ( QP ( RB only ) ( CD 25 ) ) ( JJ dissenting ) ( NNS votes ) ) ( PP-LOC ( IN in ) ( NP ( NP ( CD 555 ) ( NNS cases ) ) ( VP ( VBN decided ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NN court ) ) ) ) ) ) ) )


Last term alone he cast 52 dissenting votes in 133 decisions with the contentious flag-burning ruling as his only big victory

( S ( NP-TMP ( NP ( JJ Last ) ( NN term ) ) ( ADVP ( RB alone ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD cast ) ( NP ( CD 52 ) ( JJ dissenting ) ( NNS votes ) ) ( PP-LOC ( IN in ) ( NP ( CD 133 ) ( NNS decisions ) ) ) ( PP ( IN with ) ( NP ( NP ( DT the ) ( JJ contentious ) ( NN flag-burning ) ( NN ruling ) ) ( PP ( IN as ) ( NP ( PRP$ his ) ( JJ only ) ( JJ big ) ( NN victory ) ) ) ) ) ) )


But Justice Brennan foresaw his new role strongly defending the importance of dissents in a 1985 speech

( S ( CC But ) ( NP-SBJ-1 ( NNP Justice ) ( NNP Brennan ) ) ( VP ( VBD foresaw ) ( NP ( PRP$ his ) ( JJ new ) ( NN role ) ) ( S-ADV ( VP ( ADVP-MNR ( RB strongly ) ) ( VBG defending ) ( NP ( NP ( DT the ) ( NN importance ) ) ( PP ( IN of ) ( NP ( NNS dissents ) ) ) ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( CD 1985 ) ( NN speech ) ) ) ) ) ) )


Each time the court revisits an issue the justices will be forced by a dissent to reconsider the fundamental questions and to rethink the result he said

( S ( S-TPC-3 ( NP-TMP ( NP ( DT Each ) ( NN time ) ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NN court ) ) ( VP ( VBZ revisits ) ( NP ( DT an ) ( NN issue ) ) ) ) ) ) ( NP-SBJ-1 ( DT the ) ( NNS justices ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN forced ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( NN dissent ) ) ) ( S ( VP ( VP ( TO to ) ( VP ( VB reconsider ) ( NP ( DT the ) ( JJ fundamental ) ( NNS questions ) ) ) ) ( CC and ) ( VP ( TO to ) ( VP ( VB rethink ) ( NP ( DT the ) ( NN result ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )


Moreover in recent months he has said that when he was on the winning side in the 1960s he knew that the tables might turn in the future

( S ( ADVP ( RB Moreover ) ) ( PP-TMP ( IN in ) ( NP ( JJ recent ) ( NNS months ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ has ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( SBAR-TMP ( WHADVP-1 ( WRB when ) ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( PP-LOC-PRD ( IN on ) ( NP ( DT the ) ( VBG winning ) ( NN side ) ) ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NNS 1960s ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD knew ) ( SBAR ( IN that ) ( S ( NP-SBJ ( DT the ) ( NNS tables ) ) ( VP ( MD might ) ( VP ( VB turn ) ( PP-TMP ( IN in ) ( NP ( DT the ) ( NN future ) ) ) ) ) ) ) ) ) ) ) ) )


He has said that he now knows how Justice John Harlan felt a reference to the late conservative justice who was the most frequent dissenter from the Warren Court 's opinions

( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ has ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP he ) ) ( ADVP-TMP ( RB now ) ) ( VP ( VBZ knows ) ( SBAR ( WHADVP-2 ( WRB how ) ) ( S ( NP-SBJ ( NNP Justice ) ( NNP John ) ( NNP Harlan ) ) ( VP ( VBD felt ) ) ) ) ) ) ) ( NP-ADV ( NP ( DT a ) ( NN reference ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( JJ late ) ( JJ conservative ) ( NN justice ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD was ) ( NP-PRD ( NP ( DT the ) ( ADJP ( RBS most ) ( JJ frequent ) ) ( NN dissenter ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NNP Warren ) ( NNP Court ) ( POS 's ) ) ( NNS opinions ) ) ) ) ) ) ) ) ) ) ) ) )


Associates of 81-year-old Justice Marshall say he was depressed about the court 's direction last spring but is feisty about his role and determined to speak out against the court 's cutbacks in civil rights

( S ( NP-SBJ ( NP ( NNS Associates ) ) ( PP ( IN of ) ( NP ( JJ 81-year-old ) ( NNP Justice ) ( NNP Marshall ) ) ) ) ( VP ( VB say ) ( SBAR ( S ( NP-SBJ-1 ( PRP he ) ) ( VP ( VP ( VBD was ) ( ADJP-PRD ( JJ depressed ) ( PP ( IN about ) ( NP ( NP ( DT the ) ( NN court ) ( POS 's ) ) ( NN direction ) ) ) ) ( NP-TMP ( JJ last ) ( NN spring ) ) ) ( CC but ) ( VP ( VBZ is ) ( ADJP-PRD ( ADJP ( JJ feisty ) ( PP ( IN about ) ( NP ( PRP$ his ) ( NN role ) ) ) ) ( CC and ) ( ADJP ( JJ determined ) ( S ( VP ( TO to ) ( VP ( VB speak ) ( PRT ( RP out ) ) ( PP ( IN against ) ( NP ( NP ( NP ( DT the ) ( NN court ) ( POS 's ) ) ( NNS cutbacks ) ) ( PP-LOC ( IN in ) ( NP ( JJ civil ) ( NNS rights ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )


We could sweep it under the rug and hide it but I 'm not going to do it he said in a speech last month

( S ( S-TPC-2 ( S ( NP-SBJ ( PRP We ) ) ( VP ( MD could ) ( VP ( VP ( VB sweep ) ( NP ( PRP it ) ) ( PP-DIR ( IN under ) ( NP ( DT the ) ( NN rug ) ) ) ) ( CC and ) ( VP ( VB hide ) ( NP ( PRP it ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ-1 ( PRP I ) ) ( VP ( VBP 'm ) ( RB not ) ( VP ( VBG going ) ( S ( VP ( TO to ) ( VP ( VB do ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ( PP-LOC ( IN in ) ( NP ( DT a ) ( NN speech ) ) ) ( NP-TMP ( JJ last ) ( NN month ) ) ) )


He like Justice Brennan considers dissents highly important for the future a point that has n't escaped legal scholars

( S ( NP-SBJ-2 ( PRP He ) ) ( S-ADV ( PP-PRD ( IN like ) ( NP ( NNP Justice ) ( NNP Brennan ) ) ) ) ( VP ( VBZ considers ) ( S ( NP-SBJ ( NNS dissents ) ) ( ADJP-PRD ( RB highly ) ( JJ important ) ( PP ( IN for ) ( NP ( DT the ) ( NN future ) ) ) ) ) ( NP-ADV ( NP ( DT a ) ( NN point ) ) ( SBAR ( WHNP-1 ( DT that ) ) ( S ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN escaped ) ( NP ( JJ legal ) ( NNS scholars ) ) ) ) ) ) ) ) )


Harvard Law School Professor Laurence Tribe says there is a generation-skipping flavor to current dissents

( S ( NP-SBJ ( NNP Harvard ) ( NNP Law ) ( NNP School ) ( NNP Professor ) ( NNP Laurence ) ( NNP Tribe ) ) ( VP ( VBZ says ) ( SBAR ( S ( NP-SBJ ( EX there ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( JJ generation-skipping ) ( NN flavor ) ) ( PP ( TO to ) ( NP ( JJ current ) ( NNS dissents ) ) ) ) ) ) ) )


The dissenters in the Warren Court he says appeared to be writing for the short-term suggesting that the court 's direction might change soon

( S-1 ( NP-SBJ-2 ( NP ( DT The ) ( NNS dissenters ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Warren ) ( NNP Court ) ) ) ) ( PRN ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) ) ) ( VP ( VBD appeared ) ( S ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBG writing ) ( PP-PRP ( IN for ) ( NP ( DT the ) ( NN short-term ) ) ) ) ) ) ) ( S-ADV ( VP ( VBG suggesting ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN court ) ( POS 's ) ) ( NN direction ) ) ( VP ( MD might ) ( VP ( VB change ) ( ADVP-TMP ( RB soon ) ) ) ) ) ) ) ) ) )


Brennan and Marshall are speaking in their dissents to a more distant future he says

( S ( S-TPC-1 ( NP-SBJ ( NNP Brennan ) ( CC and ) ( NNP Marshall ) ) ( VP ( VBP are ) ( VP ( VBG speaking ) ( PP-LOC ( IN in ) ( NP ( PRP$ their ) ( NNS dissents ) ) ) ( PP-CLR ( TO to ) ( NP ( DT a ) ( ADJP ( RBR more ) ( JJ distant ) ) ( NN future ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBZ says ) ) )


Justice Blackmun who will turn 81 next month also seems feisty about his new role

( S ( NP-SBJ ( NP ( NNP Justice ) ( NNP Blackmun ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( MD will ) ( VP ( VB turn ) ( NP-PRD ( CD 81 ) ) ( NP-TMP ( JJ next ) ( NN month ) ) ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( VBZ seems ) ( ADJP-PRD ( JJ feisty ) ( PP ( IN about ) ( NP ( PRP$ his ) ( JJ new ) ( NN role ) ) ) ) ) )


Associates say he takes some defeats more personally than his colleagues especially attempts to curtail the right to abortion first recognized in his 1973 opinion Roe vs. Wade

( S ( NP-SBJ ( NNS Associates ) ) ( VP ( VBP say ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ takes ) ( NP ( NP ( DT some ) ( NNS defeats ) ) ) ( ADVP-MNR ( ADVP ( RBR more ) ( RB personally ) ) ( PP ( IN than ) ( NP ( PRP$ his ) ( NNS colleagues ) ) ) ) ( NP-1 ( RB especially ) ( NNS attempts ) ( S ( VP ( TO to ) ( VP ( VB curtail ) ( NP ( NP ( DT the ) ( NN right ) ) ( PP ( TO to ) ( NP ( NN abortion ) ) ) ( VP ( ADVP-TMP ( RB first ) ) ( VBN recognized ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ his ) ( CD 1973 ) ( NN opinion ) ) ( NP ( NP ( NNP Roe ) ) ( PP ( IN vs. ) ( NP ( NNP Wade ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )


Friends and associates who saw Justice Blackmun during the summer said he was no more discouraged about the court than in recent years

( S ( NP-SBJ ( NP ( NNS Friends ) ( CC and ) ( NNS associates ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD saw ) ( NP ( NNP Justice ) ( NNP Blackmun ) ) ( PP-TMP ( IN during ) ( NP ( DT the ) ( NN summer ) ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD was ) ( ADJP-PRD ( ADJP ( ADVP ( DT no ) ( RBR more ) ) ( JJ discouraged ) ) ( PP ( IN about ) ( NP ( DT the ) ( NN court ) ) ) ( PP ( IN than ) ( PP ( IN in ) ( NP ( JJ recent ) ( NNS years ) ) ) ) ) ) ) ) ) )


And his outlook improved after successful cataract surgery in August

( S ( CC And ) ( NP-SBJ ( PRP$ his ) ( NN outlook ) ) ( VP ( VBD improved ) ( PP-TMP ( IN after ) ( NP ( NP ( JJ successful ) ( NN cataract ) ( NN surgery ) ) ( PP-TMP ( IN in ) ( NP ( NNP August ) ) ) ) ) ) )


But his level of frustration showed in a recent impassioned speech to a group of hundreds of lawyers in Chicago

( S ( CC But ) ( NP-SBJ ( NP ( PRP$ his ) ( NN level ) ) ( PP ( IN of ) ( NP ( NN frustration ) ) ) ) ( VP ( VBD showed ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( JJ recent ) ( JJ impassioned ) ( NN speech ) ) ( PP ( TO to ) ( NP ( NP ( DT a ) ( NN group ) ) ( PP ( IN of ) ( NP ( NP ( NNS hundreds ) ) ( PP ( IN of ) ( NP ( NNS lawyers ) ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NNP Chicago ) ) ) ) ) ) ) ) )


He concluded his remarks by quoting emotionally and at some length according to those present the late Martin Luther King 's famous I Have a Dream speech from the 1963 March on Washington

( S ( NP-SBJ-1 ( PRP He ) ) ( VP ( VBD concluded ) ( NP ( PRP$ his ) ( NNS remarks ) ) ( PP-MNR ( IN by ) ( S-NOM ( VP ( VBG quoting ) ( UCP ( ADVP-MNR ( RB emotionally ) ) ( CC and ) ( PP ( IN at ) ( NP ( DT some ) ( NN length ) ) ) ) ( PP ( VBG according ) ( PP ( TO to ) ( NP ( NP ( DT those ) ) ( ADJP ( JJ present ) ) ) ) ) ( NP ( NP ( NP ( DT the ) ( JJ late ) ( NNP Martin ) ( NNP Luther ) ( NNP King ) ( POS 's ) ) ( JJ famous ) ( S-TTL ( NP-SBJ ( PRP I ) ) ( VP ( VBP Have ) ( NP ( DT a ) ( NN Dream ) ) ) ) ( NN speech ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( CD 1963 ) ( NNP March ) ) ( PP ( IN on ) ( NP ( NNP Washington ) ) ) ) ) ) ) ) ) ) )


Justice Stevens 69 is probably the most philosophical of the dissenters about his role in part because he may be the least liberal of the four but also because he enjoys the intellectual challenge of arguing with the majority more than the others

( S ( NP-SBJ ( NP ( NNP Justice ) ( NNP Stevens ) ) ( NP ( CD 69 ) ) ) ( VP ( VBZ is ) ( ADVP ( RB probably ) ) ( NP-PRD ( DT the ) ( ADJP ( RBS most ) ( JJ philosophical ) ( PP ( IN of ) ( NP ( DT the ) ( NNS dissenters ) ) ) ( PP ( IN about ) ( NP ( PRP$ his ) ( NN role ) ) ) ) ) ( SBAR-PRP ( SBAR ( PP ( IN in ) ( NP ( NN part ) ) ) ( IN because ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD may ) ( VP ( VB be ) ( NP-PRD ( NP ( DT the ) ( ADJP ( JJS least ) ( NN liberal ) ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD four ) ) ) ) ) ) ) ) ( CC but ) ( RB also ) ( SBAR ( IN because ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBZ enjoys ) ( NP ( NP ( DT the ) ( JJ intellectual ) ( NN challenge ) ) ( PP ( IN of ) ( S-NOM ( VP ( VBG arguing ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN majority ) ) ) ) ) ) ) ( ADVP ( RBR more ) ( PP ( IN than ) ( NP ( DT the ) ( NNS others ) ) ) ) ) ) ) ) ) )


If the role these four dissenters are assuming is a familiar one in modern Supreme Court history it also differs in an important way from recent history court watchers say

( S ( S-TPC-2 ( SBAR-ADV ( IN If ) ( S ( NP-SBJ ( NP ( DT the ) ( NN role ) ) ( SBAR ( S ( NP-SBJ ( DT these ) ( CD four ) ( NNS dissenters ) ) ( VP ( VBP are ) ( VP ( VBG assuming ) ) ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( DT a ) ( JJ familiar ) ( CD one ) ) ( PP-LOC ( IN in ) ( NP ( JJ modern ) ( NNP Supreme ) ( NNP Court ) ( NN history ) ) ) ) ) ) ( NP-SBJ ( PRP it ) ) ( ADVP ( RB also ) ) ( VP ( VBZ differs ) ( PP-MNR ( IN in ) ( NP ( DT an ) ( JJ important ) ( NN way ) ) ) ( PP-CLR ( IN from ) ( NP ( JJ recent ) ( NN history ) ) ) ) ) ( NP-SBJ ( NN court ) ( NNS watchers ) ) ( VP ( VBP say ) ) )


The dissenters of the Warren Court were often defending a legal legacy that they inherited says Prof. A.E. Dick Howard of the University of Virginia Law School but the dissenters today are defending a legacy that they created

( SINV-3 ( S ( NP-SBJ ( NP ( DT The ) ( NNS dissenters ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP Warren ) ( NNP Court ) ) ) ) ( VP ( VBD were ) ( ADVP-TMP ( RB often ) ) ( VP ( VBG defending ) ( NP ( NP ( DT a ) ( JJ legal ) ( NN legacy ) ) ( SBAR ( WHNP-1 ( IN that ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD inherited ) ) ) ) ) ) ) ) ( PRN ( VP ( VBZ says ) ) ( NP-SBJ ( NP ( NNP Prof. ) ( NNP A.E. ) ( NNP Dick ) ( NNP Howard ) ) ( PP ( IN of ) ( NP ( NAC ( DT the ) ( NNP University ) ( PP ( IN of ) ( NP ( NNP Virginia ) ) ) ) ( NNP Law ) ( NNP School ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( NP ( DT the ) ( NNS dissenters ) ) ( NP-TMP ( NN today ) ) ) ( VP ( VBP are ) ( VP ( VBG defending ) ( NP ( NP ( DT a ) ( NN legacy ) ) ( SBAR ( WHNP-2 ( IN that ) ) ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD created ) ) ) ) ) ) ) ) )


James Robinson 57 years old was elected president and chief executive officer of this maker of magnetic recording heads for disk drives

( S ( NP-SBJ-1 ( NP ( NNP James ) ( NNP Robinson ) ) ( ADJP ( NP ( CD 57 ) ( NNS years ) ) ( JJ old ) ) ) ( VP ( VBD was ) ( VP ( VBN elected ) ( S ( NP-PRD ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ( PP ( IN of ) ( NP ( NP ( DT this ) ( NN maker ) ) ( PP ( IN of ) ( NP ( NP ( JJ magnetic ) ( NN recording ) ( NNS heads ) ) ( PP ( IN for ) ( NP ( NN disk ) ( NNS drives ) ) ) ) ) ) ) ) ) ) ) )


He has been president and chief executive officer of Amperex Electronics Corp. a division of North American Philips Corp. itself a subsidiary of N.V Philips of the Netherlands

( S ( NP-SBJ ( PRP He ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( NP ( NP ( NN president ) ) ( CC and ) ( NP ( JJ chief ) ( JJ executive ) ( NN officer ) ) ) ( PP ( IN of ) ( NP ( NP ( NNP Amperex ) ( NNP Electronics ) ( NNP Corp. ) ) ( NP ( NP ( DT a ) ( NN division ) ) ( PP ( IN of ) ( NP ( NP ( NNP North ) ( NNP American ) ( NNP Philips ) ( NNP Corp. ) ) ( NP ( NP ( PRP itself ) ) ( NP ( NP ( DT a ) ( NN subsidiary ) ) ( PP ( IN of ) ( NP ( NP ( NNP N.V ) ( NNP Philips ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNPS Netherlands ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )


Charles J. Lawson Jr. 68 who had been acting chief executive since June 14 will continue as chairman

( S ( NP-SBJ ( NP ( NNP Charles ) ( NNP J. ) ( NNP Lawson ) ( NNP Jr. ) ) ( NP ( CD 68 ) ) ( SBAR ( WHNP-1 ( WP who ) ) ( S ( VP ( VBD had ) ( VP ( VBN been ) ( NP-PRD ( JJ acting ) ( JJ chief ) ( NN executive ) ) ( PP-TMP ( IN since ) ( NP ( NNP June ) ( CD 14 ) ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB continue ) ( PP ( IN as ) ( NP ( NN chairman ) ) ) ) ) )


The former president and chief executive Eric W. Markrud resigned in June

( S ( NP-SBJ ( NP ( DT The ) ( JJ former ) ( NX ( NX ( NN president ) ) ( CC and ) ( NX ( JJ chief ) ( NN executive ) ) ) ) ( NP ( NNP Eric ) ( NNP W. ) ( NNP Markrud ) ) ) ( VP ( VBD resigned ) ( PP-TMP ( IN in ) ( NP ( NNP June ) ) ) ) )


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

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


Dow Chemical Co.

( NP-HLN ( NNP Dow ) ( NNP Chemical ) ( NNP Co. ) )


150 million of 8.55 % senior notes due Oct. 15 2009 priced at par

( NP ( NP ( NP ( QP ( CD 150 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( ADJP ( CD 8.55 ) ( NN % ) ) ( JJ senior ) ( NNS notes ) ) ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Oct. ) ( CD 15 ) ( CD 2009 ) ) ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( NN par ) ) ) ) )


The issue which is puttable back to the company at par on Oct. 15 1999 was priced at a spread of 50 basis points above the Treasury 's 10-year note

( S ( NP-SBJ-1 ( NP ( DT The ) ( NN issue ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ is ) ( ADJP-PRD ( JJ puttable ) ( RB back ) ( PP ( TO to ) ( NP ( DT the ) ( NN company ) ) ) ( PP ( IN at ) ( NP ( NN par ) ) ) ( PP-TMP ( IN on ) ( NP ( NNP Oct. ) ( CD 15 ) ( CD 1999 ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( NP ( DT a ) ( NN spread ) ) ( PP ( IN of ) ( PP ( NP ( CD 50 ) ( NN basis ) ( NNS points ) ) ( IN above ) ( NP ( NP ( DT the ) ( NNP Treasury ) ( POS 's ) ) ( JJ 10-year ) ( NN note ) ) ) ) ) ) ) ) )


Rated single-A-1 by Moody 's Investors Service Inc. and single-A by Standard & Poor 's Corp. the non-callable issue will be sold through underwriters led by Merrill Lynch Capital Markets

( S ( S-ADV ( VP ( VP ( VBN Rated ) ( S ( ADJP-PRD-3 ( JJ single-A-1 ) ) ) ( PP-4 ( IN by ) ( NP-LGS ( NP ( NNP Moody ) ( POS 's ) ) ( NNP Investors ) ( NNP Service ) ( NNP Inc. ) ) ) ) ( CC and ) ( VP ( ADJP-PRD=3 ( JJ single-A ) ) ( PP=4 ( IN by ) ( NP-LGS ( NP ( NNP Standard ) ( CC & ) ( NNP Poor ) ( POS 's ) ) ( NNP Corp. ) ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( JJ non-callable ) ( NN issue ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN sold ) ( PP ( IN through ) ( NP ( NP ( NNS underwriters ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NNP Merrill ) ( NNP Lynch ) ( NNP Capital ) ( NNP Markets ) ) ) ) ) ) ) ) ) )


Centel Capital Corp.

( NP-HLN ( NNP Centel ) ( NNP Capital ) ( NNP Corp. ) )


150 million of 9 % debentures due Oct. 15 2019 priced at 99.943 to yield 9.008 %

( NP ( NP ( NP ( QP ( CD 150 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( ADJP ( CD 9 ) ( NN % ) ) ( NNS debentures ) ) ) ) ( ADJP ( JJ due ) ( NP-TMP ( NNP Oct. ) ( CD 15 ) ( CD 2019 ) ) ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( CD 99.943 ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 9.008 ) ( NN % ) ) ) ) ) ) )


The non-callable issue which can be put back to the company in 1999 was priced at 99 basis points above the Treasury 's 10-year note

( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ non-callable ) ( NN issue ) ) ( SBAR ( WHNP-3 ( WDT which ) ) ( S ( VP ( MD can ) ( VP ( VB be ) ( VP ( VBN put ) ( ADVP-DIR ( RB back ) ( PP ( TO to ) ( NP ( DT the ) ( NN company ) ) ) ) ( PP-TMP ( IN in ) ( NP ( CD 1999 ) ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( PP ( NP ( CD 99 ) ( NN basis ) ( NNS points ) ) ( IN above ) ( NP ( NP ( DT the ) ( NNP Treasury ) ( POS 's ) ) ( JJ 10-year ) ( NN note ) ) ) ) ) ) )


Rated Baa-1 by Moody 's and triple-B-plus by S&P the issue will be sold through underwriters led by Morgan Stanley & Co

( S ( S-ADV ( VP ( VP ( VBN Rated ) ( S ( ADJP-PRD-3 ( JJ Baa-1 ) ) ) ( PP-4 ( IN by ) ( NP-LGS ( NNP Moody ) ( POS 's ) ) ) ) ( CC and ) ( VP ( ADJP-PRD=3 ( JJ triple-B-plus ) ) ( PP=4 ( IN by ) ( NP-LGS ( NNP S&P ) ) ) ) ) ) ( NP-SBJ-2 ( DT the ) ( NN issue ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN sold ) ( PP ( IN through ) ( NP ( NP ( NNS underwriters ) ) ( VP ( VBN led ) ( PP ( IN by ) ( NP-LGS ( NNP Morgan ) ( NNP Stanley ) ( CC & ) ( NNP Co ) ) ) ) ) ) ) ) ) )


Federal Home Loan Mortgage Corp.

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


500 million of Remic mortgage securities offered in 13 classes by Prudential-Bache Securities Inc

( NP ( NP ( NP ( QP ( CD 500 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NNP Remic ) ( NN mortgage ) ( NNS securities ) ) ) ) ( VP ( VBN offered ) ( PP-LOC ( IN in ) ( NP ( CD 13 ) ( NNS classes ) ) ) ( PP ( IN by ) ( NP-LGS ( NNP Prudential-Bache ) ( NNP Securities ) ( NNP Inc ) ) ) ) )


The offering Series 102 backed by Freddie Mac 8 1\/2 % securities with a weighted average remaining term to maturity of 28.4 years was priced before the market 's afternoon surge

( S ( NP-SBJ-1 ( NP ( DT The ) ( NN offering ) ) ( NP ( NNP Series ) ( CD 102 ) ) ) ( S-ADV ( VP ( VBN backed ) ( PP ( IN by ) ( NP-LGS ( NNP Freddie ) ( NNP Mac ) ( ADJP ( CD 8 ) ( CD 1\/2 ) ( NN % ) ) ( NNS securities ) ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ weighted ) ( NN average ) ( VBG remaining ) ( NN term ) ) ( PP ( TO to ) ( NP ( NN maturity ) ) ) ( PP ( IN of ) ( NP ( CD 28.4 ) ( NNS years ) ) ) ) ) ) ) ( VP ( VBD was ) ( VP ( VBN priced ) ( PP-TMP ( IN before ) ( NP ( NP ( DT the ) ( NN market ) ( POS 's ) ) ( NN afternoon ) ( NN surge ) ) ) ) ) )


Among classes for which details were available yields ranged from 8.78 % or 75 basis points over two-year Treasury securities to 10.05 % or 200 basis points over 10-year Treasurys

( S ( PP-LOC ( IN Among ) ( NP ( NP ( NNS classes ) ) ( SBAR ( WHPP-1 ( IN for ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NNS details ) ) ( VP ( VBD were ) ( ADJP-PRD ( JJ available ) ) ) ) ) ) ) ( NP-SBJ ( NNS yields ) ) ( VP ( VBD ranged ) ( PP-DIR ( PP ( IN from ) ( UCP ( NP ( CD 8.78 ) ( NN % ) ) ( CC or ) ( PP ( NP ( CD 75 ) ( NN basis ) ( NNS points ) ) ( IN over ) ( NP ( JJ two-year ) ( NNP Treasury ) ( NNS securities ) ) ) ) ) ( PP ( TO to ) ( UCP ( NP ( CD 10.05 ) ( NN % ) ) ( CC or ) ( PP ( NP ( CD 200 ) ( NN basis ) ( NNS points ) ) ( IN over ) ( NP ( JJ 10-year ) ( NNPS Treasurys ) ) ) ) ) ) ) )


Federal Home Loan Mortgage Corp.


300 million of Remic mortgage securities offered by Citicorp Securities Markets Inc

( NP ( NP ( QP ( CD 300 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NNP Remic ) ( NN mortgage ) ( NNS securities ) ) ) ( VP ( VBN offered ) ( PP ( IN by ) ( NP-LGS ( NNP Citicorp ) ( NNP Securities ) ( NNP Markets ) ( NNP Inc ) ) ) ) )


The offering Series 101 is backed by Freddie Mac 9 1\/2 % securities

( S ( NP-SBJ-1 ( NP ( DT The ) ( NN offering ) ) ( NP ( NNP Series ) ( CD 101 ) ) ) ( VP ( VBZ is ) ( VP ( VBN backed ) ( PP ( IN by ) ( NP-LGS ( NNP Freddie ) ( NNP Mac ) ( ADJP ( CD 9 ) ( CD 1\/2 ) ( NN % ) ) ( NNS securities ) ) ) ) ) )


Pricing details were n't immediately available

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


200 million of stripped mortgage securities underwritten by BT Securities Corp

( NP ( NP ( QP ( CD 200 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( JJ stripped ) ( NN mortgage ) ( NNS securities ) ) ( VP ( VBN underwritten ) ( PP ( IN by ) ( NP-LGS ( NNP BT ) ( NNP Securities ) ( NNP Corp ) ) ) ) ) ) )


The agency 's first strips issue collateralized by Freddie Mac 8 % securities pooled into a single security called a Giant will be divided into interest-only and principal-only securities

( S ( NP-SBJ-2 ( NP ( DT The ) ( NN agency ) ( POS 's ) ) ( JJ first ) ( NNS strips ) ( NN issue ) ) ( VP ( VBN collateralized ) ( PP ( IN by ) ( NP-LGS ( NP ( NNP Freddie ) ( NNP Mac ) ( ADJP ( CD 8 ) ( NN % ) ) ( NNS securities ) ) ( VP ( VBN pooled ) ( PP-CLR ( IN into ) ( NP ( NP ( DT a ) ( JJ single ) ( NN security ) ) ( VP ( VBN called ) ( S ( NP-PRD ( DT a ) ( NNP Giant ) ) ) ) ) ) ) ) ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN divided ) ( PP-CLR ( IN into ) ( NP ( ADJP ( JJ interest-only ) ( CC and ) ( JJ principal-only ) ) ( NNS securities ) ) ) ) ) ) )


The collateral is being sold by a thrift institution

( S ( NP-SBJ-2 ( DT The ) ( NN collateral ) ) ( VP ( VBZ is ) ( VP ( VBG being ) ( VP ( VBN sold ) ( PP ( IN by ) ( NP-LGS ( DT a ) ( NN thrift ) ( NN institution ) ) ) ) ) ) )


The principal-only securities will be repackaged by BT Securities into a Freddie Mac Remic Series 103 that will have six classes

( S ( NP-SBJ-1 ( DT The ) ( JJ principal-only ) ( NNS securities ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN repackaged ) ( PP ( IN by ) ( NP-LGS ( NNP BT ) ( NNP Securities ) ) ) ( PP-CLR ( IN into ) ( NP ( NP ( DT a ) ( NNP Freddie ) ( NNP Mac ) ( NNP Remic ) ) ( NP ( NNP Series ) ( CD 103 ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( MD will ) ( VP ( VB have ) ( NP ( CD six ) ( NNS classes ) ) ) ) ) ) ) ) ) ) ) )


The interest-only securities will be sold separately by BT Securities

( S ( NP-SBJ-1 ( DT The ) ( JJ interest-only ) ( NNS securities ) ) ( VP ( MD will ) ( VP ( VB be ) ( VP ( VBN sold ) ( ADVP-MNR ( RB separately ) ) ( PP ( IN by ) ( NP-LGS ( NNP BT ) ( NNP Securities ) ) ) ) ) ) )


The principal-only securities pay the principal from the underlying Freddie Mac 8 % securities while the interest-only securities pay only interest

( S ( NP-SBJ ( DT The ) ( JJ principal-only ) ( NNS securities ) ) ( VP ( VBP pay ) ( NP ( DT the ) ( NN principal ) ) ( PP ( IN from ) ( NP ( DT the ) ( JJ underlying ) ( NNP Freddie ) ( NNP Mac ) ( ADJP ( CD 8 ) ( NN % ) ) ( NNS securities ) ) ) ( SBAR-ADV ( IN while ) ( S ( NP-SBJ ( DT the ) ( JJ interest-only ) ( NNS securities ) ) ( VP ( VBP pay ) ( NP ( JJ only ) ( NN interest ) ) ) ) ) ) )


Freddie Mac said the principal-only securities were priced at 58 1\/4 to yield 8.45 % assuming an average life of eight years and a prepayment of 160 % of the PSA model

( S ( NP-SBJ ( NNP Freddie ) ( NNP Mac ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( DT the ) ( JJ principal-only ) ( NNS securities ) ) ( VP ( VBD were ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 58 ) ( CD 1\/4 ) ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 8.45 ) ( NN % ) ) ) ) ) ) ) ) ) ( PP ( VBG assuming ) ( NP ( NP ( NP ( DT an ) ( JJ average ) ( NN life ) ) ( PP ( IN of ) ( NP ( CD eight ) ( NNS years ) ) ) ) ( CC and ) ( NP ( NP ( DT a ) ( NN prepayment ) ) ( PP ( IN of ) ( NP ( NP ( CD 160 ) ( NN % ) ) ( PP ( IN of ) ( NP ( DT the ) ( NNP PSA ) ( NN model ) ) ) ) ) ) ) ) ) )


The interest-only securities were priced at 35 1\/2 to yield 10.72 %

( S ( NP-SBJ-1 ( DT The ) ( JJ interest-only ) ( NNS securities ) ) ( VP ( VBD were ) ( VP ( VBN priced ) ( PP-CLR ( IN at ) ( NP ( QP ( CD 35 ) ( CD 1\/2 ) ) ) ) ( S-CLR ( VP ( TO to ) ( VP ( VB yield ) ( NP ( CD 10.72 ) ( NN % ) ) ) ) ) ) ) )


There were no major Eurobond or foreign bond offerings in Europe Friday

( S ( NP-SBJ ( EX There ) ) ( VP ( VBD were ) ( NP-PRD ( DT no ) ( JJ major ) ( NNP Eurobond ) ( CC or ) ( JJ foreign ) ( NN bond ) ( NNS offerings ) ) ( PP-LOC ( IN in ) ( NP ( NNP Europe ) ) ) ( NP-TMP ( NNP Friday ) ) ) )


BULL HN INFORMATION SYSTEMS Inc. is a U.S. majority-owned unit of Cie. des Machines Bull

( S ( NP-SBJ ( NNP BULL ) ( NNP HN ) ( NNP INFORMATION ) ( NNP SYSTEMS ) ( NNP Inc. ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( NNP U.S. ) ( JJ majority-owned ) ( NN unit ) ) ( PP ( IN of ) ( NP ( NNP Cie. ) ( NNP des ) ( NNP Machines ) ( NNP Bull ) ) ) ) ) )


In Friday 's edition the name of the unit was misstated

( S ( PP-LOC ( IN In ) ( NP ( NP ( NNP Friday ) ( POS 's ) ) ( NN edition ) ) ) ( NP-SBJ-1 ( NP ( DT the ) ( NN name ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN unit ) ) ) ) ( VP ( VBD was ) ( VP ( VBN misstated ) ) ) )


Avis Inc. following rival Hertz Corp. 's lead said it is backing out of frequent-flier programs with three airlines

( S ( NP-SBJ-1 ( NNP Avis ) ( NNP Inc. ) ) ( S-ADV ( VP ( VBG following ) ( NP ( NP ( NN rival ) ( NNP Hertz ) ( NNP Corp. ) ( POS 's ) ) ( NN lead ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBG backing ) ( ADVP-DIR ( IN out ) ( PP ( IN of ) ( NP ( NP ( JJ frequent-flier ) ( NNS programs ) ) ( PP ( IN with ) ( NP ( CD three ) ( NNS airlines ) ) ) ) ) ) ) ) ) ) ) )


The Garden City N.Y. car-rental company said it wo n't renew contracts with NWA Inc. 's Northwest Airlines unit Pan Am Corp. 's Pan American World Airways unit and Midway Airlines at the end of this year

( S ( NP-SBJ ( DT The ) ( NAC-LOC ( NNP Garden ) ( NNP City ) ( NNP N.Y. ) ) ( JJ car-rental ) ( NN company ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD wo ) ( RB n't ) ( VP ( VB renew ) ( NP ( NP ( NNS contracts ) ) ( PP ( IN with ) ( NP ( NP ( NP ( NNP NWA ) ( NNP Inc. ) ( POS 's ) ) ( NNP Northwest ) ( NNP Airlines ) ( NN unit ) ) ( NP ( NP ( NNP Pan ) ( NNP Am ) ( NNP Corp. ) ( POS 's ) ) ( NNP Pan ) ( NNP American ) ( NNP World ) ( NNP Airways ) ( NN unit ) ) ( CC and ) ( NP ( NNP Midway ) ( NNP Airlines ) ) ) ) ) ( PP-TMP ( IN at ) ( NP ( NP ( DT the ) ( NN end ) ) ( PP ( IN of ) ( NP ( DT this ) ( NN year ) ) ) ) ) ) ) ) ) ) )


But it remains involved in programs with AMR Corp. 's American Airlines unit and Delta Air Lines

( S ( CC But ) ( NP-SBJ ( PRP it ) ) ( VP ( VBZ remains ) ( ADJP-PRD ( JJ involved ) ( PP ( IN in ) ( NP ( NP ( NNS programs ) ) ( PP ( IN with ) ( NP ( NP ( NP ( NNP AMR ) ( NNP Corp. ) ( POS 's ) ) ( NNP American ) ( NNP Airlines ) ( NN unit ) ) ( CC and ) ( NP ( NNP Delta ) ( NNP Air ) ( NNP Lines ) ) ) ) ) ) ) ) )


Industry estimates put Avis 's annual cost of all five programs at between 8 million and 14 million

( S ( NP-SBJ ( NN Industry ) ( NNS estimates ) ) ( VP ( VBD put ) ( NP ( NP ( NP ( NNP Avis ) ( POS 's ) ) ( JJ annual ) ( NN cost ) ) ( PP ( IN of ) ( NP ( DT all ) ( CD five ) ( NNS programs ) ) ) ) ( PP-PUT ( IN at ) ( NP ( QP ( IN between ) ( CD 8 ) ( CD million ) ( CC and ) ( CD 14 ) ( CD million ) ) ) ) ) )


A spokesman for Avis would n't specify the costs but said the three airlines being dropped account for far less than half of the total

( S ( NP-SBJ ( NP ( DT A ) ( NN spokesman ) ) ( PP ( IN for ) ( NP ( NNP Avis ) ) ) ) ( VP ( VP ( MD would ) ( RB n't ) ( VP ( VB specify ) ( NP ( DT the ) ( NNS costs ) ) ) ) ( CC but ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( CD three ) ( NNS airlines ) ) ( VP ( VBG being ) ( VP ( VBN dropped ) ) ) ) ( VP ( NN account ) ( PP-CLR ( IN for ) ( NP ( NP ( RB far ) ( JJR less ) ) ( PP ( IN than ) ( NP ( NP ( DT half ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN total ) ) ) ) ) ) ) ) ) ) ) ) )


Budget Rent a Car Corp. of Chicago and National Car Rental Systems Inc. of Minneapolis both said they had no plans to follow suit

( S ( NP-SBJ ( NP ( NP ( NNP Budget ) ( NNP Rent ) ( DT a ) ( NNP Car ) ( NNP Corp. ) ) ( PP ( IN of ) ( NP ( NNP Chicago ) ) ) ) ( CC and ) ( NP ( NP ( NNP National ) ( NNP Car ) ( NNP Rental ) ( NNP Systems ) ( NNP Inc. ) ) ( PP ( IN of ) ( NP ( NNP Minneapolis ) ) ) ) ) ( DT both ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP they ) ) ( VP ( VBD had ) ( NP ( DT no ) ( NNS plans ) ( S ( VP ( TO to ) ( VP ( VB follow ) ( NP ( NN suit ) ) ) ) ) ) ) ) ) ) )


In fact Budget indicated it saw some benefit to staying involved in these programs in which renters earn frequent-flier miles and fliers can get car-rental discounts

( S ( PP ( IN In ) ( NP ( NN fact ) ) ) ( NP-SBJ ( NNP Budget ) ) ( VP ( VBD indicated ) ( SBAR ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBD saw ) ( NP ( NP ( DT some ) ( NN benefit ) ) ( PP ( TO to ) ( S-NOM ( VP ( VBG staying ) ( ADJP-PRD ( JJ involved ) ( PP ( IN in ) ( NP ( NP ( DT these ) ( NNS programs ) ) ( SBAR ( WHPP-2 ( IN in ) ( WHNP ( WDT which ) ) ) ( S ( S ( NP-SBJ ( NNS renters ) ) ( VP ( VBP earn ) ( NP ( JJ frequent-flier ) ( NNS miles ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NNS fliers ) ) ( VP ( MD can ) ( VP ( VB get ) ( NP ( JJ car-rental ) ( NNS discounts ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )


I can not see how this news by Hertz and Avis can not benefit Budget 's programs said Bob Wilson Budget 's vice president marketing planning

( SINV ( S-TPC-1 ( NP-SBJ ( PRP I ) ) ( VP ( MD can ) ( RB not ) ( VP ( VB see ) ( SBAR ( WHADVP ( WRB how ) ) ( S ( NP-SBJ ( NP ( DT this ) ( NN news ) ) ( PP ( IN by ) ( NP ( NNP Hertz ) ( CC and ) ( NNP Avis ) ) ) ) ( VP ( MD can ) ( RB not ) ( VP ( VB benefit ) ( NP ( NP ( NNP Budget ) ( POS 's ) ) ( NNS programs ) ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Bob ) ( NNP Wilson ) ) ( NP ( NP ( NP ( NNP Budget ) ( POS 's ) ) ( NN vice ) ( NN president ) ) ( NP ( NN marketing ) ( NN planning ) ) ) ) )


Northwest and Midway are two of the five airlines with which Budget has agreements

( S ( NP-SBJ ( NNP Northwest ) ( CC and ) ( NNP Midway ) ) ( VP ( VBP are ) ( NP-PRD ( NP ( CD two ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( CD five ) ( NNS airlines ) ) ( SBAR ( WHPP-1 ( IN with ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( NNP Budget ) ) ( VP ( VBZ has ) ( NP ( NP ( NNS agreements ) ) ) ) ) ) ) ) ) ) )


National also participates in the Northwest frequent-flier program along with four other airlines including Delta and USAir Group Inc. 's USAir unit

( S ( NP-SBJ ( NNP National ) ) ( ADVP ( RB also ) ) ( VP ( VBZ participates ) ( PP-CLR ( IN in ) ( NP ( DT the ) ( NNP Northwest ) ( JJ frequent-flier ) ( NN program ) ) ) ( ADVP ( IN along ) ( PP ( IN with ) ( NP ( NP ( CD four ) ( JJ other ) ( NNS airlines ) ) ( PP ( VBG including ) ( NP ( NP ( NNP Delta ) ) ( CC and ) ( NP ( NP ( NNP USAir ) ( NNP Group ) ( NNP Inc. ) ( POS 's ) ) ( NNP USAir ) ( NN unit ) ) ) ) ) ) ) ) )


A month ago Hertz of Park Ridge N.J. said that it would drop its marketing agreements at year end with Delta America West and Texas Air Corp. 's Continental Airlines and Eastern Airlines and that pacts with American Airlines UAL Inc 's United Airlines and USAir also would be ended sometime after Dec. 31

( S ( ADVP-TMP ( NP ( DT A ) ( NN month ) ) ( RB ago ) ) ( NP-SBJ ( NP ( NNP Hertz ) ) ( PP ( IN of ) ( NP ( NP ( NNP Park ) ( NNP Ridge ) ) ( NP ( NNP N.J. ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB drop ) ( NP ( NP ( PRP$ its ) ( NN marketing ) ( NNS agreements ) ) ) ( PP-TMP ( IN at ) ( NP ( NN year ) ( NN end ) ) ) ( PP-1 ( IN with ) ( NP ( NP ( NNP Delta ) ) ( NP ( NNP America ) ( NNP West ) ) ( CC and ) ( NP ( NP ( NNP Texas ) ( NNP Air ) ( NNP Corp. ) ( POS 's ) ) ( NX ( NX ( NNP Continental ) ( NNP Airlines ) ) ( CC and ) ( NX ( NNP Eastern ) ( NNP Airlines ) ) ) ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ-2 ( NP ( NNS pacts ) ) ( PP ( IN with ) ( NP ( NP ( NNP American ) ( NNP Airlines ) ) ( NP ( NP ( NNP UAL ) ( NNP Inc ) ( POS 's ) ) ( NNP United ) ( NNP Airlines ) ) ( CC and ) ( NP ( NNP USAir ) ) ) ) ) ( ADVP ( RB also ) ) ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN ended ) ( ADVP-TMP ( RB sometime ) ( PP ( IN after ) ( NP ( NNP Dec. ) ( CD 31 ) ) ) ) ) ) ) ) ) ) ) )


At the time Hertz said its annual fees to those airlines amounted to 20 million and that the value of redeemed awards topped 15 million

( S ( PP-TMP ( IN At ) ( NP ( DT the ) ( NN time ) ) ) ( NP-SBJ ( NNP Hertz ) ) ( VP ( VBD said ) ( SBAR ( SBAR ( S ( NP-SBJ ( NP ( PRP$ its ) ( JJ annual ) ( NNS fees ) ) ( PP ( TO to ) ( NP ( DT those ) ( NNS airlines ) ) ) ) ( VP ( VBD amounted ) ( PP-CLR ( TO to ) ( NP ( QP ( CD 20 ) ( CD million ) ) ) ) ) ) ) ( CC and ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT the ) ( NN value ) ) ( PP ( IN of ) ( NP ( VBN redeemed ) ( NNS awards ) ) ) ) ( VP ( VBD topped ) ( NP ( QP ( CD 15 ) ( CD million ) ) ) ) ) ) ) ) )


Analysts and competitors however doubt the numbers were that high

( S ( NP-SBJ ( NNS Analysts ) ( CC and ) ( NNS competitors ) ) ( ADVP ( RB however ) ) ( VP ( VBP doubt ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS numbers ) ) ( VP ( VBD were ) ( ADJP-PRD ( RB that ) ( JJ high ) ) ) ) ) ) )


Budget said its frequent-flier costs are substantially below Avis 's level

( S ( NP-SBJ ( NNP Budget ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP$ its ) ( JJ frequent-flier ) ( NNS costs ) ) ( VP ( VBP are ) ( PP-LOC-PRD ( ADVP ( RB substantially ) ) ( IN below ) ( NP ( NP ( NNP Avis ) ( POS 's ) ) ( NN level ) ) ) ) ) ) ) )


Robert D. Cardillo Avis vice president of marketing said The proliferation and costs attached to frequent-flier programs have significantly diminished their value

( S ( NP-SBJ ( NP ( NNP Robert ) ( NNP D. ) ( NNP Cardillo ) ) ( NP ( NP ( NNP Avis ) ( NN vice ) ( NN president ) ) ( PP ( IN of ) ( NP ( NN marketing ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT The ) ( NN proliferation ) ( CC and ) ( NNS costs ) ) ( VP ( VBN attached ) ( PP-CLR ( TO to ) ( PRN ( NP ( JJ frequent-flier ) ( NNS programs ) ) ) ) ) ) ( VP ( VBP have ) ( VP ( ADVP-MNR ( RB significantly ) ) ( VBN diminished ) ( NP ( PRP$ their ) ( NN value ) ) ) ) ) ) ) )


This year has been difficult for both Hertz and Avis said Charles Finnie car-rental industry analyst at Alex Brown & Sons

( SINV ( S-TPC-1 ( NP-SBJ ( DT This ) ( NN year ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( ADJP-PRD ( JJ difficult ) ) ( PP ( IN for ) ( NP ( DT both ) ( NNP Hertz ) ( CC and ) ( NNP Avis ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Charles ) ( NNP Finnie ) ) ( NP ( NP ( JJ car-rental ) ( NN industry ) ( NN analyst ) ) ( PP-LOC ( IN at ) ( NP ( NNP Alex ) ( NNP Brown ) ( CC & ) ( NNP Sons ) ) ) ) ) )


They 've been looking to get their costs down and this is a fairly sensible way to do it he said

( S ( S-TPC-1 ( S ( NP-SBJ-2 ( PRP They ) ) ( VP ( VBP 've ) ( VP ( VBN been ) ( VP ( VBG looking ) ( S ( VP ( TO to ) ( VP ( VB get ) ( NP ( PRP$ their ) ( NNS costs ) ) ( ADVP-DIR ( RB down ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( DT this ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( ADJP ( RB fairly ) ( JJ sensible ) ) ( NN way ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB do ) ( NP ( PRP it ) ) ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )


The government sold the deposits of four savings-and-loan institutions in its first wave of sales of big sick thrifts but low bids prevented the sale of a fifth

( S ( S ( NP-SBJ ( DT The ) ( NN government ) ) ( VP ( VBD sold ) ( NP ( NP ( DT the ) ( NNS deposits ) ) ( PP ( IN of ) ( NP ( CD four ) ( JJ savings-and-loan ) ( NNS institutions ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( PRP$ its ) ( JJ first ) ( NN wave ) ) ( PP ( IN of ) ( NP ( NP ( NNS sales ) ) ( PP ( IN of ) ( NP ( JJ big ) ( JJ sick ) ( NNS thrifts ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( JJ low ) ( NNS bids ) ) ( VP ( VBD prevented ) ( NP ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( DT a ) ( JJ fifth ) ) ) ) ) ) )


The four S&Ls were sold to large banks as was the case with most of the 28 previous transactions initiated by the Resolution Trust Corp. since it was created in the S&L bailout legislation two months ago

( S ( NP-SBJ-1 ( DT The ) ( CD four ) ( NNS S&Ls ) ) ( VP ( VBD were ) ( VP ( VBN sold ) ( PP-DTV ( TO to ) ( NP ( JJ large ) ( NNS banks ) ) ) ( SBAR-ADV ( IN as ) ( S ( VP ( VBD was ) ( NP-PRD ( DT the ) ( NN case ) ) ( PP ( IN with ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( CD 28 ) ( JJ previous ) ( NNS transactions ) ) ( VP ( VBN initiated ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( NNP Resolution ) ( NNP Trust ) ( NNP Corp. ) ) ) ( SBAR-TMP ( IN since ) ( S ( NP-SBJ-2 ( PRP it ) ) ( VP ( VBD was ) ( VP ( VBN created ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN S&L ) ( NN bailout ) ( NN legislation ) ) ) ( ADVP-TMP ( NP ( CD two ) ( NNS months ) ) ( RB ago ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )


Two of the four big thrifts were sold to NCNB Corp. Charlotte N.C. which has aggressively expanded its markets particularly in Texas and Florida

( S ( NP-SBJ-1 ( NP ( CD Two ) ) ( PP ( IN of ) ( NP ( DT the ) ( CD four ) ( JJ big ) ( NNS thrifts ) ) ) ) ( VP ( VBD were ) ( VP ( VBN sold ) ( PP-DTV ( TO to ) ( NP ( NP ( NNP NCNB ) ( NNP Corp. ) ) ( NP-LOC ( NP ( NNP Charlotte ) ) ( NP ( NNP N.C. ) ) ) ( SBAR ( WHNP-2 ( WDT which ) ) ( S ( VP ( VBZ has ) ( VP ( ADVP-MNR ( RB aggressively ) ) ( VBN expanded ) ( NP ( PRP$ its ) ( NNS markets ) ) ( PP-LOC ( ADVP ( RB particularly ) ) ( IN in ) ( NP ( NNP Texas ) ( CC and ) ( NNP Florida ) ) ) ) ) ) ) ) ) ) ) )


A Canadian bank bought another thrift in the first RTC transaction with a foreign bank

( S ( NP-SBJ ( DT A ) ( JJ Canadian ) ( NN bank ) ) ( VP ( VBD bought ) ( NP ( DT another ) ( NN thrift ) ) ( PP-LOC ( IN in ) ( NP ( NP ( DT the ) ( JJ first ) ( NNP RTC ) ( NN transaction ) ) ( PP ( IN with ) ( NP ( DT a ) ( JJ foreign ) ( NN bank ) ) ) ) ) ) )


Under these deals the RTC sells just the deposits and the healthy assets

( S ( PP-LOC ( IN Under ) ( NP ( DT these ) ( NNS deals ) ) ) ( NP-SBJ ( DT the ) ( NNP RTC ) ) ( VP ( VBZ sells ) ( NP ( RB just ) ( NP ( DT the ) ( NNS deposits ) ) ( CC and ) ( NP ( DT the ) ( JJ healthy ) ( NNS assets ) ) ) ) )


These clean-bank transactions leave the bulk of bad assets mostly real estate with the government to be sold later

( S ( NP-SBJ ( DT These ) ( JJ clean-bank ) ( NNS transactions ) ) ( VP ( VBP leave ) ( NP-2 ( NP ( NP ( DT the ) ( NN bulk ) ) ( PP ( IN of ) ( NP ( JJ bad ) ( NNS assets ) ) ) ) ( NP ( RB mostly ) ( JJ real ) ( NN estate ) ) ) ( PP-CLR ( IN with ) ( NP ( DT the ) ( NN government ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB be ) ( VP ( VBN sold ) ( ADVP-TMP ( RB later ) ) ) ) ) ) ) )


In these four for instance the RTC is stuck with 4.51 billion in bad assets

( S ( PP-LOC ( IN In ) ( NP ( DT these ) ( CD four ) ) ) ( PP ( IN for ) ( NP ( NN instance ) ) ) ( NP-SBJ-1 ( DT the ) ( NNP RTC ) ) ( VP ( VBZ is ) ( VP ( VBN stuck ) ( PP-CLR ( IN with ) ( NP ( NP ( QP ( CD 4.51 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( JJ bad ) ( NNS assets ) ) ) ) ) ) ) )


Acquirers paid premiums ranging from 1.5 % to 3.7 % for the deposits and branch systems roughly in line with what analysts were expecting

( S ( NP-SBJ ( NNS Acquirers ) ) ( VP ( VBD paid ) ( NP ( NP ( NNS premiums ) ) ( VP ( VBG ranging ) ( PP-DIR ( PP ( IN from ) ( NP ( CD 1.5 ) ( NN % ) ) ) ( PP ( TO to ) ( NP ( CD 3.7 ) ( NN % ) ) ) ) ) ) ( PP-CLR ( IN for ) ( NP ( DT the ) ( NX ( NX ( NNS deposits ) ) ( CC and ) ( NX ( NN branch ) ( NNS systems ) ) ) ) ) ( PP-LOC-2 ( ADVP ( RB roughly ) ) ( IN in ) ( NP ( NP ( NN line ) ) ( PP ( IN with ) ( SBAR-NOM ( WHNP-1 ( WP what ) ) ( S ( NP-SBJ ( NNS analysts ) ) ( VP ( VBD were ) ( VP ( VBG expecting ) ) ) ) ) ) ) ) ) )


The buyers will also be locked into deposit rates for just two weeks as has been the case with previous deals

( S ( NP-SBJ-1 ( DT The ) ( NNS buyers ) ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VB be ) ( VP ( VBN locked ) ( PP-CLR ( IN into ) ( NP ( NN deposit ) ( NNS rates ) ) ) ( PP-TMP ( IN for ) ( NP ( QP ( RB just ) ( CD two ) ) ( NNS weeks ) ) ) ( SBAR-ADV ( IN as ) ( S ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( DT the ) ( NN case ) ) ( PP ( IN with ) ( NP ( JJ previous ) ( NNS deals ) ) ) ) ) ) ) ) ) ) )


After that the buyers may repudiate the rates paid by the former thrifts

( S ( PP-TMP ( IN After ) ( NP ( DT that ) ) ) ( NP-SBJ ( DT the ) ( NNS buyers ) ) ( VP ( MD may ) ( VP ( VB repudiate ) ( NP ( NP ( DT the ) ( NNS rates ) ) ( VP ( VBN paid ) ( PP ( IN by ) ( NP-LGS ( DT the ) ( JJ former ) ( NNS thrifts ) ) ) ) ) ) ) )


But it 's uncertain whether these institutions will take those steps

( S ( CC But ) ( NP-SBJ ( NP ( PRP it ) ) ) ( VP ( VBZ 's ) ( ADJP-PRD ( JJ uncertain ) ) ( SBAR-1 ( IN whether ) ( S ( NP-SBJ ( DT these ) ( NNS institutions ) ) ( VP ( MD will ) ( VP ( VB take ) ( NP ( DT those ) ( NNS steps ) ) ) ) ) ) ) )


NCNB for example has been one of the highest rate payers in the Texas market and in Florida rates are especially sensitive in retirement communities

( S ( S ( NP-SBJ ( NNP NCNB ) ) ( PP ( IN for ) ( NP ( NN example ) ) ) ( VP ( VBZ has ) ( VP ( VBN been ) ( NP-PRD ( NP ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( JJS highest ) ( NN rate ) ( NNS payers ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP Texas ) ( NN market ) ) ) ) ) ) ) ) ) ( CC and ) ( S ( PP-LOC ( IN in ) ( NP ( NNP Florida ) ) ) ( NP-SBJ ( NNS rates ) ) ( VP ( VBP are ) ( ADJP-PRD ( RB especially ) ( JJ sensitive ) ) ( PP-LOC ( IN in ) ( NP ( NN retirement ) ( NNS communities ) ) ) ) ) )


The RTC had previously targeted five thrifts for quick sales in order to spend cash by certain budgetary deadlines but the delays illustrate the tough chore facing the agency

( S ( S ( NP-SBJ-1 ( DT The ) ( NNP RTC ) ) ( VP ( VBD had ) ( ADVP-TMP ( RB previously ) ) ( VP ( VBN targeted ) ( NP ( CD five ) ( NNS thrifts ) ) ( PP-CLR ( IN for ) ( NP ( JJ quick ) ( NNS sales ) ) ) ( SBAR-PRP ( IN in ) ( NN order ) ( S ( VP ( TO to ) ( VP ( VB spend ) ( NP ( NN cash ) ) ( PP-TMP ( IN by ) ( NP ( JJ certain ) ( JJ budgetary ) ( NNS deadlines ) ) ) ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( DT the ) ( NNS delays ) ) ( VP ( VBP illustrate ) ( NP ( NP ( DT the ) ( JJ tough ) ( NN chore ) ) ( VP ( VBG facing ) ( NP ( DT the ) ( NN agency ) ) ) ) ) ) )


These thrifts are beached whales said Bert Ely an industry consultant based in Alexandria Va

( SINV ( S-TPC-1 ( NP-SBJ ( DT These ) ( NNS thrifts ) ) ( VP ( VBP are ) ( NP-PRD ( JJ beached ) ( NNS whales ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Bert ) ( NNP Ely ) ) ( NP ( NP ( DT an ) ( NN industry ) ( NN consultant ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Alexandria ) ) ( NP ( NNP Va ) ) ) ) ) ) ) )


For example the delay in selling People 's Heritage Savings Salina Kan. with 1.7 billion in assets has forced the RTC to consider selling off the thrift branch-by-branch instead of as a whole institution

( S ( PP ( IN For ) ( NP ( NN example ) ) ) ( NP-SBJ ( NP ( DT the ) ( NN delay ) ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VBG selling ) ( NP ( NP ( NP ( NNP People ) ( POS 's ) ) ( NNP Heritage ) ( NNP Savings ) ) ( NP-LOC ( NP ( NNP Salina ) ) ( NP ( NNP Kan. ) ) ) ( PP ( IN with ) ( NP ( NP ( QP ( CD 1.7 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( NNS assets ) ) ) ) ) ) ) ) ) ) ( VP ( VBZ has ) ( VP ( VBN forced ) ( S ( NP-SBJ ( DT the ) ( NNP RTC ) ) ( VP ( TO to ) ( VP ( VB consider ) ( VP ( VBG selling ) ( PRT ( RP off ) ) ( NP ( DT the ) ( NN thrift ) ) ( ADVP-MNR ( ADVP ( RB branch-by-branch ) ) ( CONJP ( RB instead ) ( IN of ) ) ( ADVP ( IN as ) ( NP ( DT a ) ( JJ whole ) ( NN institution ) ) ) ) ) ) ) ) ) ) )


NCNB continued its foray into the Florida and Texas markets

( S ( NP-SBJ ( NNP NCNB ) ) ( VP ( VBD continued ) ( NP ( NP ( PRP$ its ) ( NN foray ) ) ( PP ( IN into ) ( NP ( DT the ) ( NNP Florida ) ( CC and ) ( NNP Texas ) ( NNS markets ) ) ) ) ) )


NCNB will acquire University Federal Savings Association Houston which had assets of 2.8 billion

( S ( NP-SBJ ( NNP NCNB ) ) ( VP ( MD will ) ( VP ( VB acquire ) ( NP ( NP ( NNP University ) ( NNP Federal ) ( NNP Savings ) ( NNP Association ) ) ( NP-LOC ( NNP Houston ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD had ) ( NP ( NP ( NNS assets ) ) ( PP ( IN of ) ( NP ( QP ( CD 2.8 ) ( CD billion ) ) ) ) ) ) ) ) ) ) ) )


NCNB Texas National Bank will pay the RTC a premium of 129 million for 3.5 billion in deposits

( S ( NP-SBJ ( NNP NCNB ) ( NNP Texas ) ( NNP National ) ( NNP Bank ) ) ( VP ( MD will ) ( VP ( VB pay ) ( NP ( DT the ) ( NNP RTC ) ) ( NP ( NP ( DT a ) ( NN premium ) ) ( PP ( IN of ) ( NP ( QP ( CD 129 ) ( CD million ) ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 3.5 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( NNS deposits ) ) ) ) ) ) ) )


As a measure of the depths to which the Texas real estate market has sunk the RTC will pay 3.8 billion to NCNB to take 750 million of bad assets

( S ( PP ( IN As ) ( NP ( NP ( DT a ) ( NN measure ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NNS depths ) ) ( SBAR ( WHPP-1 ( TO to ) ( WHNP ( WDT which ) ) ) ( S ( NP-SBJ ( DT the ) ( NNP Texas ) ( JJ real ) ( NN estate ) ( NN market ) ) ( VP ( VBZ has ) ( VP ( VBN sunk ) ) ) ) ) ) ) ) ) ( NP-SBJ ( DT the ) ( NNP RTC ) ) ( VP ( MD will ) ( VP ( VB pay ) ( NP ( QP ( CD 3.8 ) ( CD billion ) ) ) ( PP-DTV ( TO to ) ( NP-2 ( NNP NCNB ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB take ) ( NP ( NP ( QP ( CD 750 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( JJ bad ) ( NNS assets ) ) ) ) ) ) ) ) ) )


NCNB also acquired Freedom Savings & Loan Association Tampa Fla. which had total assets of 900 million

( S ( NP-SBJ ( NNP NCNB ) ) ( ADVP ( RB also ) ) ( VP ( VBD acquired ) ( NP ( NP ( NNP Freedom ) ( NNP Savings ) ( CC & ) ( NNP Loan ) ( NNP Association ) ) ( NP-LOC ( NP ( NNP Tampa ) ) ( NP ( NNP Fla. ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD had ) ( NP ( NP ( JJ total ) ( NNS assets ) ) ( PP ( IN of ) ( NP ( QP ( CD 900 ) ( CD million ) ) ) ) ) ) ) ) ) ) )


NCNB will pay the RTC a premium of 40.4 million for 1.1 billion in deposits

( S ( NP-SBJ ( NNP NCNB ) ) ( VP ( MD will ) ( VP ( VB pay ) ( NP ( DT the ) ( NNP RTC ) ) ( NP ( NP ( DT a ) ( NN premium ) ) ( PP ( IN of ) ( NP ( QP ( CD 40.4 ) ( CD million ) ) ) ) ) ( PP-CLR ( IN for ) ( NP ( NP ( QP ( CD 1.1 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( NNS deposits ) ) ) ) ) ) ) )


NCNB will also acquire 266 million of Freedom 's assets from the RTC which will require 875 million in assistance

( S ( NP-SBJ ( NNP NCNB ) ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VB acquire ) ( NP ( NP ( QP ( CD 266 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( NNP Freedom ) ( POS 's ) ) ( NNS assets ) ) ) ) ( PP-CLR ( IN from ) ( NP ( NP ( DT the ) ( NNP RTC ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( MD will ) ( VP ( VB require ) ( NP ( NP ( QP ( CD 875 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NN assistance ) ) ) ) ) ) ) ) ) ) ) ) )


Meridian Bancorp Inc. Reading Pa. will acquire Hill Financial Savings Association Red Hill Pa. which had 2.3 billion in assets

( S ( NP-SBJ ( NP ( NNP Meridian ) ( NNP Bancorp ) ( NNP Inc. ) ) ( NP-LOC ( NP ( NN Reading ) ) ( NP ( NNP Pa. ) ) ) ) ( VP ( MD will ) ( VP ( VB acquire ) ( NP ( NP ( NNP Hill ) ( NNP Financial ) ( NNP Savings ) ( NNP Association ) ) ( NP-LOC ( NP ( NNP Red ) ( NNP Hill ) ) ( NP ( NNP Pa. ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD had ) ( NP ( NP ( QP ( CD 2.3 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( NNS assets ) ) ) ) ) ) ) ) ) ) )


Meridian will pay a premium of 30.5 million to assume 2 billion in deposits

( S ( NP-SBJ-1 ( NNP Meridian ) ) ( VP ( MD will ) ( VP ( VB pay ) ( NP ( NP ( DT a ) ( NN premium ) ) ( PP ( IN of ) ( NP ( QP ( CD 30.5 ) ( CD million ) ) ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB assume ) ( NP ( NP ( QP ( CD 2 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( NNS deposits ) ) ) ) ) ) ) ) ) )


It will also purchase 845 million of the thrift 's assets with 1.9 billion in RTC assistance

( S ( NP-SBJ ( PRP It ) ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VB purchase ) ( NP ( NP ( QP ( CD 845 ) ( CD million ) ) ) ( PP ( IN of ) ( NP ( NP ( DT the ) ( NN thrift ) ( POS 's ) ) ( NNS assets ) ) ) ) ( PP ( IN with ) ( NP ( NP ( QP ( CD 1.9 ) ( CD billion ) ) ) ( PP ( IN in ) ( NP ( NNP RTC ) ( NN assistance ) ) ) ) ) ) ) )


In the first RTC transaction with a foreign buyer Royal Trustco Ltd. Toronto will acquire Pacific Savings Bank Costa Mesa Calif. which had 949 million in assets

( S ( PP-LOC ( IN In ) ( NP ( NP ( DT the ) ( JJ first ) ( NNP RTC ) ( NN transaction ) ) ( PP ( IN with ) ( NP ( NP ( DT a ) ( JJ foreign ) ( NN buyer ) ) ) ) ) ) ( NP-SBJ ( NP ( NNP Royal ) ( NNP Trustco ) ( NNP Ltd. ) ) ( NP-LOC ( NNP Toronto ) ) ) ( VP ( MD will ) ( VP ( VB acquire ) ( NP ( NP ( NNP Pacific ) ( NNP Savings ) ( NNP Bank ) ) ( NP-LOC ( NP ( NNP Costa ) ( NNP Mesa ) ) ( NP ( NNP Calif. ) ) ) ( SBAR ( WHNP-1 ( WDT which ) ) ( S ( VP ( VBD had ) ( NP ( NP ( QP ( CD 949 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS assets ) ) ) ) ) ) ) ) ) ) )


Royal Trustco will pay the RTC 25 million to assume 989 million in deposits

( S ( NP-SBJ ( NNP Royal ) ( NNP Trustco ) ) ( VP ( MD will ) ( VP ( VB pay ) ( NP-1 ( DT the ) ( NNP RTC ) ) ( NP ( QP ( CD 25 ) ( CD million ) ) ) ( S-PRP ( VP ( TO to ) ( VP ( VB assume ) ( NP ( NP ( QP ( CD 989 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS deposits ) ) ) ) ) ) ) ) ) )


It will also purchase 473 million in assets and receive 550 million in assistance from the RTC

( S ( NP-SBJ ( PRP It ) ) ( VP ( MD will ) ( ADVP ( RB also ) ) ( VP ( VP ( VB purchase ) ( NP ( NP ( QP ( CD 473 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NNS assets ) ) ) ) ) ( CC and ) ( VP ( VB receive ) ( NP ( NP ( QP ( CD 550 ) ( CD million ) ) ) ( PP ( IN in ) ( NP ( NN assistance ) ) ) ) ( PP-CLR ( IN from ) ( NP ( DT the ) ( NNP RTC ) ) ) ) ) ) )


MedChem Products Inc. said a U.S. District Court in Boston ruled that a challenge by MedChem to the validity of a U.S. patent held by Pharmacia Inc. was without merit

( S ( NP-SBJ ( NNP MedChem ) ( NNP Products ) ( NNP Inc. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT a ) ( NNP U.S. ) ( NNP District ) ( NNP Court ) ) ( PP-LOC ( IN in ) ( NP ( NNP Boston ) ) ) ) ( VP ( VBD ruled ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( DT a ) ( NN challenge ) ) ( PP ( IN by ) ( NP ( NNP MedChem ) ) ) ( PP ( TO to ) ( NP ( NP ( DT the ) ( NN validity ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( NNP U.S. ) ( NN patent ) ) ( VP ( VBN held ) ( PP ( IN by ) ( NP-LGS ( NNP Pharmacia ) ( NNP Inc. ) ) ) ) ) ) ) ) ) ( VP ( VBD was ) ( PP-PRD ( IN without ) ( NP ( NN merit ) ) ) ) ) ) ) ) ) ) )


Pharmacia based in Upsala Sweden had charged in a lawsuit against MedChem that MedChem 's AMVISC product line infringes on the Pharmacia patent

( S ( NP-SBJ ( NP ( NNP Pharmacia ) ) ( VP ( VBN based ) ( PP-LOC-CLR ( IN in ) ( NP ( NP ( NNP Upsala ) ) ( NP ( NNP Sweden ) ) ) ) ) ) ( VP ( VBD had ) ( VP ( VBN charged ) ( PP-LOC ( IN in ) ( NP ( NP ( DT a ) ( NN lawsuit ) ) ( PP ( IN against ) ( NP ( NNP MedChem ) ) ) ) ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NP ( NNP MedChem ) ( POS 's ) ) ( NNP AMVISC ) ( NN product ) ( NN line ) ) ( VP ( VBZ infringes ) ( PP-CLR ( IN on ) ( NP ( DT the ) ( NNP Pharmacia ) ( NN patent ) ) ) ) ) ) ) ) )


The patent is related to hyaluronic acid a rooster-comb extract used in eye surgery

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In its lawsuit Pharmacia is seeking unspecified damages and a preliminary injunction to block MedChem from selling the AMVISC products

( S ( PP-LOC ( IN In ) ( NP ( PRP$ its ) ( NN lawsuit ) ) ) ( NP-SBJ ( NNP Pharmacia ) ) ( VP ( VBZ is ) ( VP ( VBG seeking ) ( NP ( NP ( JJ unspecified ) ( NNS damages ) ) ( CC and ) ( NP ( NP ( DT a ) ( JJ preliminary ) ( NN injunction ) ) ( SBAR ( S ( VP ( TO to ) ( VP ( VB block ) ( NP-2 ( NNP MedChem ) ) ( PP-CLR ( IN from ) ( S-NOM ( VP ( VBG selling ) ( NP ( DT the ) ( NNP AMVISC ) ( NNS products ) ) ) ) ) ) ) ) ) ) ) ) ) )


A MedChem spokesman said the products contribute about a third of MedChem 's sales and 10 % to 20 % of its earnings

( S ( NP-SBJ ( DT A ) ( NNP MedChem ) ( NN spokesman ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( DT the ) ( NNS products ) ) ( VP ( VBP contribute ) ( NP ( NP ( NP ( QP ( RB about ) ( DT a ) ) ( JJ third ) ) ( PP ( IN of ) ( NP ( NP ( NNP MedChem ) ( POS 's ) ) ( NNS sales ) ) ) ) ( CC and ) ( NP ( NP ( NP ( QP ( CD 10 ) ( NN % ) ( TO to ) ( CD 20 ) ( NN % ) ) ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS earnings ) ) ) ) ) ) ) ) ) )


In the year ended Aug. 31 1988 MedChem earned 2.9 million or 72 cents a share on sales of 17.4 million

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MedChem said the court 's ruling was issued as part of a first-phase trial in the patent-infringement proceedings and concerns only one of its defenses in the case

( S ( NP-SBJ ( NNP MedChem ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( NP ( DT the ) ( NN court ) ( POS 's ) ) ( NN ruling ) ) ( VP ( VP ( VBD was ) ( VP ( VBN issued ) ( PP ( IN as ) ( NP ( NP ( NN part ) ) ( PP ( IN of ) ( NP ( NP ( DT a ) ( JJ first-phase ) ( NN trial ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN patent-infringement ) ( NNS proceedings ) ) ) ) ) ) ) ) ) ( CC and ) ( VP ( VBZ concerns ) ( NP ( NP ( RB only ) ( CD one ) ) ( PP ( IN of ) ( NP ( NP ( PRP$ its ) ( NNS defenses ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NN case ) ) ) ) ) ) ) ) ) ) ) )


It said it is considering all of its options in light of the decision including a possible appeal

( S ( NP-SBJ ( PRP It ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ is ) ( VP ( VBG considering ) ( NP ( NP ( DT all ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( NNS options ) ) ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NN light ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN decision ) ) ) ) ) ( PP-1 ( VBG including ) ( NP ( DT a ) ( JJ possible ) ( NN appeal ) ) ) ) ) ) ) ) )


The medical-products company added that it plans to assert its other defenses against Pharmacia 's lawsuit including the claim that it has n't infringed on Pharmacia 's patent

( S ( NP-SBJ ( DT The ) ( NNS medical-products ) ( NN company ) ) ( VP ( VBD added ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( PRP it ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB assert ) ( NP ( NP ( PRP$ its ) ( JJ other ) ( NNS defenses ) ) ( PP ( IN against ) ( NP ( NP ( NNP Pharmacia ) ( POS 's ) ) ( NN lawsuit ) ) ) ( PP ( VBG including ) ( NP ( DT the ) ( NN claim ) ( SBAR ( IN that ) ( S ( NP-SBJ ( PRP it ) ) ( VP ( VBZ has ) ( RB n't ) ( VP ( VBN infringed ) ( PP-CLR ( IN on ) ( NP ( NP ( NNP Pharmacia ) ( POS 's ) ) ( NN patent ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )


MedChem said that the court scheduled a conference for next Monday to set a date for proceedings on Pharmacia 's motion for a preliminary injunction

( S ( NP-SBJ ( NNP MedChem ) ) ( VP ( VBD said ) ( SBAR ( IN that ) ( S ( NP-SBJ-1 ( DT the ) ( NN court ) ) ( VP ( VBD scheduled ) ( NP ( DT a ) ( NN conference ) ) ( PP-CLR ( IN for ) ( NP ( JJ next ) ( NNP Monday ) ) ) ( PRN ( S-PRP ( VP ( TO to ) ( VP ( VB set ) ( NP ( NP ( DT a ) ( NN date ) ) ( PP ( IN for ) ( NP ( NP ( NNS proceedings ) ) ( PP ( IN on ) ( NP ( NP ( NP ( NNP Pharmacia ) ( POS 's ) ) ( NN motion ) ) ( PP ( IN for ) ( NP ( DT a ) ( JJ preliminary ) ( NN injunction ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )


Atco Ltd. said its utilities arm is considering building new electric power plants some valued at more than one billion Canadian dollars 851 million in Great Britain and elsewhere

( S ( NP-SBJ ( NNP Atco ) ( NNP Ltd. ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-1 ( PRP$ its ) ( NNS utilities ) ( NN arm ) ) ( VP ( VBZ is ) ( VP ( VBG considering ) ( S ( VP ( VBG building ) ( NP ( NP ( JJ new ) ( JJ electric ) ( NN power ) ( NNS plants ) ) ( NP ( NP ( DT some ) ) ( VP ( VBN valued ) ( PP-CLR ( IN at ) ( NP ( NP ( QP ( JJR more ) ( IN than ) ( CD one ) ( CD billion ) ) ( JJ Canadian ) ( NNS dollars ) ) ( PRN ( NP ( QP ( CD 851 ) ( CD million ) ) ) ) ) ) ) ) ( UCP-LOC ( PP ( IN in ) ( NP ( NNP Great ) ( NNP Britain ) ) ) ( CC and ) ( ADVP ( RB elsewhere ) ) ) ) ) ) ) ) ) ) ) )


C.S. Richardson Atco 's senior vice president finance said its 50.1%-owned Canadian Utilities Ltd. unit is reviewing cogeneration projects in eastern Canada and conventional electric power generating plants elsewhere including Britain where the British government plans to allow limited competition in electrical generation from private-sector suppliers as part of its privatization program

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The projects are big

( S ( NP-SBJ ( DT The ) ( NNS projects ) ) ( VP ( VBP are ) ( ADJP-PRD ( JJ big ) ) ) )


They can be 1 billion plus Mr. Richardson said

( S ( S-TPC-1 ( NP-SBJ ( PRP They ) ) ( VP ( MD can ) ( VP ( VB be ) ( NP-PRD ( QP ( CD 1 ) ( CD billion ) ) ( RB plus ) ) ) ) ) ( NP-SBJ ( NNP Mr. ) ( NNP Richardson ) ) ( VP ( VBD said ) ) )


But we would n't go into them alone and Canadian Utilities ' equity stake would be small he said

( S ( S-TPC-1 ( CC But ) ( S ( NP-SBJ ( PRP we ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB go ) ( PP-DIR ( IN into ) ( NP ( PRP them ) ) ) ( ADVP ( RB alone ) ) ) ) ) ( CC and ) ( S ( NP-SBJ ( NP ( NNP Canadian ) ( NNP Utilities ) ( POS ' ) ) ( NN equity ) ( NN stake ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ small ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )


Ideally we 'd like to be the operator of the project and a modest equity investor

( S ( ADVP ( RB Ideally ) ) ( NP-SBJ-1 ( PRP we ) ) ( VP ( MD 'd ) ( VP ( VB like ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( NP ( NP ( DT the ) ( NN operator ) ) ( PRN ( PP ( IN of ) ( NP ( DT the ) ( NN project ) ) ) ) ) ( CC and ) ( NP ( DT a ) ( JJ modest ) ( NN equity ) ( NN investor ) ) ) ) ) ) ) ) )


Our long suit is our proven ability to operate power plants he said

( S ( S-TPC-1 ( NP-SBJ ( PRP$ Our ) ( JJ long ) ( NN suit ) ) ( VP ( VBZ is ) ( NP-PRD ( PRP$ our ) ( JJ proven ) ( NN ability ) ( S ( VP ( TO to ) ( VP ( VB operate ) ( NP ( NN power ) ( NNS plants ) ) ) ) ) ) ) ) ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ) )


Mr. Richardson would n't offer specifics regarding Atco 's proposed British project but he said it would compete for customers with two huge British power generating companies that would be formed under the country 's plan to privatize its massive water and electric utilities

( S ( S ( NP-SBJ ( NNP Mr. ) ( NNP Richardson ) ) ( VP ( MD would ) ( RB n't ) ( VP ( VB offer ) ( NP ( NP ( NNS specifics ) ) ( VP ( VBG regarding ) ( NP ( NP ( NNP Atco ) ( VBZ 's ) ) ( VBN proposed ) ( JJ British ) ( NN project ) ) ) ) ) ) ) ( CC but ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( PRP it ) ) ( VP ( MD would ) ( VP ( VB compete ) ( PP-CLR ( IN for ) ( NP ( NNS customers ) ) ) ( PP ( IN with ) ( NP ( NP ( CD two ) ( JJ huge ) ( JJ British ) ( NN power ) ( NN generating ) ( NNS companies ) ) ( SBAR ( WHNP-2 ( WDT that ) ) ( S ( VP ( MD would ) ( VP ( VB be ) ( VP ( VBN formed ) ( PP-LOC ( IN under ) ( NP ( NP ( DT the ) ( NN country ) ( POS 's ) ) ( NN plan ) ( S ( VP ( TO to ) ( VP ( VB privatize ) ( NP ( PRP$ its ) ( JJ massive ) ( UCP ( NN water ) ( CC and ) ( JJ electric ) ) ( NNS utilities ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )


Britain 's government plans to raise about 20 billion 31.05 billion from the sale of most of its giant water and electric utilities beginning next month

( S ( NP-SBJ-1 ( NP ( NNP Britain ) ( POS 's ) ) ( NN government ) ) ( VP ( VBZ plans ) ( S ( VP ( TO to ) ( VP ( VB raise ) ( NP ( NP ( QP ( RB about ) ( CD 20 ) ( CD billion ) ) ) ( PRN ( NP ( QP ( CD 31.05 ) ( CD billion ) ) ) ) ) ( PP ( IN from ) ( NP ( NP ( DT the ) ( NN sale ) ) ( PP ( IN of ) ( NP ( NP ( JJS most ) ) ( PP ( IN of ) ( NP ( PRP$ its ) ( JJ giant ) ( UCP ( NN water ) ( CC and ) ( JJ electric ) ) ( NNS utilities ) ) ) ) ) ) ) ( PP-TMP ( VBG beginning ) ( NP ( JJ next ) ( NN month ) ) ) ) ) ) ) )


The planned electric utility sale scheduled for next year is alone expected to raise 13 billion making it the world 's largest public offering

( S ( NP-SBJ-1 ( NP ( DT The ) ( JJ planned ) ( JJ electric ) ( NN utility ) ( NN sale ) ) ( VP ( VBN scheduled ) ( PP-CLR ( IN for ) ( NP ( JJ next ) ( NN year ) ) ) ) ) ( VP ( VBZ is ) ( ADVP ( RB alone ) ) ( VP ( VBN expected ) ( S ( VP ( TO to ) ( VP ( VB raise ) ( NP ( QP ( CD 13 ) ( CD billion ) ) ) ( S-ADV ( VP ( VBG making ) ( S ( NP-SBJ ( PRP it ) ) ( NP-PRD ( NP ( DT the ) ( NN world ) ( POS 's ) ) ( JJS largest ) ( JJ public ) ( NN offering ) ) ) ) ) ) ) ) ) ) )


Under terms of the plan independent generators would be able to compete for 15 % of customers until 1994 and for another 10 % between 1994 and 1998

( S ( PP-LOC ( IN Under ) ( NP ( NP ( NNS terms ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN plan ) ) ) ) ) ( NP-SBJ-1 ( JJ independent ) ( NNS generators ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ able ) ( S ( VP ( TO to ) ( VP ( VP ( VB compete ) ( PP-CLR-2 ( IN for ) ( NP ( NP ( CD 15 ) ( NN % ) ) ( PP ( IN of ) ( NP ( NNS customers ) ) ) ) ) ( PP-TMP-3 ( IN until ) ( NP ( CD 1994 ) ) ) ) ( CC and ) ( VP ( PP-CLR=2 ( IN for ) ( NP ( DT another ) ( CD 10 ) ( NN % ) ) ) ( PP-TMP=3 ( IN between ) ( NP ( CD 1994 ) ( CC and ) ( CD 1998 ) ) ) ) ) ) ) ) ) ) )


Canadian Utilities had 1988 revenue of 1.16 billion mainly from its natural gas and electric utility businesses in Alberta where the company serves about 800,000 customers

( S ( NP-SBJ ( NNP Canadian ) ( NNP Utilities ) ) ( VP ( VBD had ) ( NP ( NP ( CD 1988 ) ( NN revenue ) ) ( PP ( IN of ) ( NP ( QP ( CD 1.16 ) ( CD billion ) ) ) ) ) ( PP ( ADVP ( RB mainly ) ) ( IN from ) ( NP ( NP ( PRP$ its ) ( JJ natural ) ( NN gas ) ( CC and ) ( JJ electric ) ( NN utility ) ( NNS businesses ) ) ( PP-LOC ( IN in ) ( NP ( NP ( NNP Alberta ) ) ( SBAR ( WHADVP-1 ( WRB where ) ) ( S ( NP-SBJ ( DT the ) ( NN company ) ) ( VP ( VBZ serves ) ( NP ( QP ( RB about ) ( CD 800,000 ) ) ( NNS customers ) ) ) ) ) ) ) ) ) ) )


There seems to be a move around the world to deregulate the generation of electricity Mr. Richardson said and Canadian Utilities hopes to capitalize on it

( S-4 ( S ( NP-SBJ-1 ( EX There ) ) ( VP ( VBZ seems ) ( S ( VP ( TO to ) ( VP ( VB be ) ( NP-PRD ( DT a ) ( NN move ) ) ( PP-LOC ( IN around ) ( NP ( DT the ) ( NN world ) ) ) ( S-2 ( VP ( TO to ) ( VP ( VB deregulate ) ( NP ( NP ( DT the ) ( NN generation ) ) ( PP ( IN of ) ( NP ( NN electricity ) ) ) ) ) ) ) ) ) ) ) ) ( PRN ( S ( NP-SBJ ( NNP Mr. ) ( NNP Richardson ) ) ( VP ( VBD said ) ) ) ) ( CC and ) ( S ( NP-SBJ-3 ( NNP Canadian ) ( NNP Utilities ) ) ( VP ( VBZ hopes ) ( S ( VP ( TO to ) ( VP ( VB capitalize ) ( PP-CLR ( IN on ) ( NP ( PRP it ) ) ) ) ) ) ) ) )


This is a real thrust on our utility side he said adding that Canadian Utilities is also mulling projects in underdeveloped countries though he would be specific

( S ( S ( NP-SBJ ( DT This ) ) ( VP ( VBZ is ) ( NP-PRD ( NP ( DT a ) ( JJ real ) ( NN thrust ) ) ( PP-LOC ( IN on ) ( NP ( PRP$ our ) ( NN utility ) ( NN side ) ) ) ) ) ) ( NP-SBJ-1 ( PRP he ) ) ( VP ( VBD said ) ( S-ADV ( VP ( VBG adding ) ( SBAR ( IN that ) ( S ( NP-SBJ ( NNP Canadian ) ( NNP Utilities ) ) ( VP ( VBZ is ) ( ADVP ( RB also ) ) ( VP ( VBG mulling ) ( NP ( NP ( NNS projects ) ) ( PP-LOC ( IN in ) ( NP ( JJ underdeveloped ) ( NNS countries ) ) ) ) ) ) ) ) ( SBAR-ADV ( IN though ) ( S ( NP-SBJ ( PRP he ) ) ( VP ( MD would ) ( VP ( VB be ) ( ADJP-PRD ( JJ specific ) ) ) ) ) ) ) ) ) )


Canadian Utilities is n't alone in exploring power generation opportunities in Britain in anticipation of the privatization program

( S ( NP-SBJ-1 ( NNP Canadian ) ( NNP Utilities ) ) ( VP ( VBZ is ) ( RB n't ) ( ADJP-PRD ( RB alone ) ) ( PP-LOC ( IN in ) ( S-NOM ( VP ( VBG exploring ) ( NP ( NP ( NN power ) ( NN generation ) ( NNS opportunities ) ) ( PP-LOC ( IN in ) ( NP ( NNP Britain ) ) ) ) ( PP ( IN in ) ( NP ( NP ( NN anticipation ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN privatization ) ( NN program ) ) ) ) ) ) ) ) ) )


We 're certainly looking at some power generating projects in England said Bruce Stram vice president corporate strategy and corporate planning with Enron Corp. Houston a big natural gas producer and pipeline operator

( SINV ( S-TPC-1 ( NP-SBJ ( PRP We ) ) ( VP ( VBP 're ) ( ADVP ( RB certainly ) ) ( VP ( VBG looking ) ( PP-CLR ( IN at ) ( NP ( NP ( DT some ) ( NN power ) ( NN generating ) ( NNS projects ) ) ( PP-LOC ( IN in ) ( NP ( NNP England ) ) ) ) ) ) ) ) ( VP ( VBD said ) ) ( NP-SBJ ( NP ( NNP Bruce ) ( NNP Stram ) ) ( NP ( NP ( NN vice ) ( NN president ) ) ( NP ( NP ( JJ corporate ) ( NN strategy ) ) ( CC and ) ( NP ( JJ corporate ) ( NN planning ) ) ) ) ( PP ( IN with ) ( NP ( NP ( NNP Enron ) ( NNP Corp. ) ) ( NP-LOC ( NNP Houston ) ) ( NP ( DT a ) ( JJ big ) ( NX ( NX ( JJ natural ) ( NN gas ) ( NN producer ) ) ( CC and ) ( NX ( NN pipeline ) ( NN operator ) ) ) ) ) ) ) )


Mr. Stram said Enron is considering building gas-fired power plants in the U.K. capable of producing about 500 megawatts of power at a cost of about 300 million to 400 million

( S ( NP-SBJ ( NNP Mr. ) ( NNP Stram ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ-2 ( NNP Enron ) ) ( VP ( VBZ is ) ( VP ( VBG considering ) ( S ( VP ( VBG building ) ( NP ( NP-3 ( JJ gas-fired ) ( NN power ) ( NNS plants ) ) ) ( PP-LOC ( IN in ) ( NP ( DT the ) ( NNP U.K. ) ) ) ( ADJP-4 ( JJ capable ) ( PP ( IN of ) ( S-NOM ( VP ( VBG producing ) ( NP ( NP ( QP ( RB about ) ( CD 500 ) ) ( NNS megawatts ) ) ( PP ( IN of ) ( NP ( NN power ) ) ) ) ) ) ) ) ( PP ( IN at ) ( NP ( NP ( DT a ) ( NN cost ) ) ( PP ( IN of ) ( NP ( QP ( RB about ) ( CD 300 ) ( CD million ) ( TO to ) ( CD 400 ) ( CD million ) ) ) ) ) ) ) ) ) ) ) ) ) )


Canadian steel-ingot production totaled 291,890 metric tons in the week ended Oct. 7 up 14.8 % from the preceding week 's total of 254,280 tons Statistics Canada a federal agency said

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The week 's total was up 6.2 % from 274,963 tons a year earlier

( S ( NP-SBJ ( NP ( DT The ) ( NN week ) ( POS 's ) ) ( NN total ) ) ( VP ( VBD was ) ( ADVP-PRD ( RB up ) ( NP ( CD 6.2 ) ( NN % ) ) ( PP ( IN from ) ( NP ( CD 274,963 ) ( NNS tons ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) )


The year-to-date total was 12,006,883 tons up 7.8 % from 11,141,711 tons a year earlier

( S ( NP-SBJ ( DT The ) ( JJ year-to-date ) ( NN total ) ) ( VP ( VBD was ) ( NP-PRD ( CD 12,006,883 ) ( NNS tons ) ) ( ADVP ( RB up ) ( NP ( CD 7.8 ) ( NN % ) ) ( PP ( IN from ) ( NP ( CD 11,141,711 ) ( NNS tons ) ) ( ADVP-TMP ( NP ( DT a ) ( NN year ) ) ( RBR earlier ) ) ) ) ) )


The only thing Robert Goldberg could praise about CBS 's new show Island Son Leisure & Arts Sept. 25 was the local color unfortunately neither he nor the producers of the show have done their homework

( S ( S ( NP-SBJ ( NP ( DT The ) ( JJ only ) ( NN thing ) ) ( SBAR ( S ( NP-SBJ ( NNP Robert ) ( NNP Goldberg ) ) ( VP ( MD could ) ( VP ( VB praise ) ) ) ) ) ( PP ( IN about ) ( NP ( NP ( NP ( NNP CBS ) ( POS 's ) ) ( JJ new ) ( NN show ) ) ( NP-TTL ( NNP Island ) ( NNP Son ) ) ( PRN ( NP ( NP-TTL ( NNP Leisure ) ( CC & ) ( NNP Arts ) ) ( NP-TMP ( NNP Sept. ) ( CD 25 ) ) ) ) ) ) ) ( VP ( VBD was ) ( NP-PRD ( DT the ) ( JJ local ) ( NN color ) ) ) ) ( S ( ADVP ( RB unfortunately ) ) ( NP-SBJ ( CC neither ) ( NP ( PRP he ) ) ( CC nor ) ( NP ( NP ( DT the ) ( NNS producers ) ) ( PP ( IN of ) ( NP ( DT the ) ( NN show ) ) ) ) ) ( VP ( VBP have ) ( VP ( VBN done ) ( NP ( PRP$ their ) ( NN homework ) ) ) ) ) )


For instance Haole white is not the ultimate insult Mainland haole is

( S ( PP ( IN For ) ( NP ( NN instance ) ) ) ( S ( NP-SBJ ( NP-SBJ ( FW Haole ) ) ( PRN ( NP ( JJ white ) ) ) ) ( VP ( VBZ is ) ( RB not ) ( NP-PRD ( DT the ) ( JJ ultimate ) ( NN insult ) ) ) ) ( S ( NP-SBJ ( JJ Mainland ) ( FW haole ) ) ( VP ( VBZ is ) ) ) )


Richard Chamberlain dresses as a Mainland haole tucking in a Hawaiian shirt and rolling up its long sleeves

( S ( NP-SBJ-1 ( NNP Richard ) ( NNP Chamberlain ) ) ( VP ( VBZ dresses ) ( PP-CLR ( IN as ) ( NP ( DT a ) ( JJ Mainland ) ( FW haole ) ) ) ( S-ADV ( VP ( VP ( VBG tucking ) ( PRT ( RP in ) ) ( NP ( DT a ) ( JJ Hawaiian ) ( NN shirt ) ) ) ( CC and ) ( VP ( VBG rolling ) ( PRT ( RP up ) ) ( NP ( PRP$ its ) ( JJ long ) ( NNS sleeves ) ) ) ) ) ) )


And the local expression for brother is brah not bruddah

( S ( CC And ) ( NP-SBJ ( NP ( DT the ) ( JJ local ) ( NN expression ) ) ( PP ( IN for ) ( NP ( NN brother ) ) ) ) ( VP ( VBZ is ) ( NP-PRD ( FW brah ) ( RB not ) ( FW bruddah ) ) ) )


And even if a nurse would wear flowers in her hair while on duty if she were engaged she would know to wear them behind her left not right ear

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Sorry the show does not even have the one redeeming quality of genuine local color

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Anita Davis


Institut Merieux S.A. of France said the Canadian government raised an obstacle to its proposed acquisition of Connaught BioSciences Inc. for 942 million Canadian dollars 801.6 million

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Merieux said the government 's minister of industry science and technology told it that he was n't convinced that the purchase is likely to be of net benefit to Canada

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Canadian investment rules require that big foreign takeovers meet that standard

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The French company said the government gave it 30 days in which to submit information to further support its takeover plan

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Both Merieux and Connaught are biotechnology research and vaccine manufacturing concerns

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The government 's action was unusual

( S ( NP-SBJ ( NP ( DT The ) ( NN government ) ( POS 's ) ) ( NN action ) ) ( VP ( VBD was ) ( ADJP-PRD ( JJ unusual ) ) ) )


Alan Nymark executive vice president of Investment Canada which oversees foreign takeovers said it marked the first time in its four-year history that the agency has made an adverse net-benefit decision about the acquisition of a publicly traded company

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He said it has reached the same conclusions about some attempts to buy closely held concerns but eventually allowed those acquisitions to proceed

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This is n't a change in government policy this provision has been used before said Jodi Redmond press secretary for Harvie Andre Canada 's minister of industry science and technology

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Mr. Andre issued the ruling based on a recommendation by Investment Canada

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Spokesmen for Merieux and Connaught said they had n't been informed of specific areas of concern by either the government or Investment Canada but added they hope to have more information early this week

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Investment Canada declined to comment on the reasons for the government decision

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Viren Mehta a partner with Mehta & Isaly a New York-based pharmaceutical industry research firm said the government 's ruling was n't unexpected

( S ( NP-SBJ ( NP ( NNP Viren ) ( NNP Mehta ) ) ( NP ( NP ( DT a ) ( NN partner ) ) ( PP ( IN with ) ( NP ( NP ( NNP Mehta ) ( CC & ) ( NNP Isaly ) ) ( NP ( DT a ) ( ADJP ( NNP New ) ( JJ York-based ) ) ( JJ pharmaceutical ) ( NN industry ) ( NN research ) ( NN firm ) ) ) ) ) ) ( VP ( VBD said ) ( SBAR ( S ( NP-SBJ ( NP ( DT the ) ( NN government ) ( POS 's ) ) ( NN ruling ) ) ( VP ( VBD was ) ( RB n't ) ( ADJP-PRD ( JJ unexpected ) ) ) ) ) ) )


This has become a very politicized deal concerning Canada 's only large world-class bio-research or pharmaceutical company Mr. Mehta said

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Mr. Mehta said the move that could allow the transaction to go ahead as planned could be an out-of-court settlement of Connaught 's dispute with the University of Toronto

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