In remarks during a ribbon-cutting ceremony here on Wednesday, Gov. George E. Pataki said he expected the facility to generate thousands more jobs in the Hudson Valley area for contractors and suppliers catering to the factory. He praised IBM for being "a critical partner in our economic development efforts" in New York state. In a brief speech, Samuel J. Palmisano, IBM's chief executive, emphasized that it was important to make long-term investments despite the current slump in the technology business. "To play to win in technology, you innovate and you lead," he said. But manufacturing technology products is a costly and cyclical business. In June, IBM announced that it was taking a charge of more than $2 billion against earnings. The largest single reasons for the charge were the cost of getting out of the business of manufacturing hard disks for storage, which it sold to Hitachi, and closing down some of its older semiconductor operations. But Kelly said the demand for advanced chips, like those produced at IBM's facility in Burlington, Vt., is strong. "I need more capacity in that end of the market," he said, "and this is factory is critical to meeting that growing demand." If IBM has miscalculated the demand, it will suffer badly as both the high operating costs and depreciation on the huge capital investment for the East Fishkill factory drag down earnings. But industry analysts said the plant should be insulated from a falloff in one or a few segments of the semiconductor market.

Question: "What was the main reason IBM gave for putting $2 billion dollars against earnings?"

Answer: "Factory is critical to meeting that growing demand"

Response: no

The Finnish government and major creditors of bankrupt shipyard Waertsilae Marine Industries Oy agreed in principle to form a new company to complete most of the troubled shipyard's backlog of 15 ships. The new company will attempt to limit the shipyard's losses, participants said. "The situation is that the bankruptcy court will get out of the shipbuilding business. Everything will be taken over by the new company," said Christian Andersson, executive vice president of Oy Waertsilae, former parent of Waertsilae Marine. Once its ownership is finalized, the new company will open talks with state-appointed receivers to buy or lease Waertsilae Marine's shipyard facilities. Subcontractors will be offered a settlement and a swift transition to new management is expected to avert an exodus of skilled workers from Waertsilae Marine's two big shipyards, government officials said. Under an accord signed yesterday, the government and Union Bank of Finland would become major shareholders in the new company, each injecting 100 million Finnish markkaa ($23.5 million). Oy Waertsilae is to contribute 200 million markkaa, most of it as subordinated debt, and take a minority stake in the new company. Customers holding contracts for Waertsilae Marine's undelivered ships are expected to subscribe most of the remaining 170 million markkaa in share capital, government officials said. Waertsilae Marine's biggest creditor is Miami-based Carnival Cruise Lines Inc. Carnival, which has three ships on order from Waertsilae Marine, presented claims for $1.5 billion damages in the bankruptcy court this week. Waertsilae Marine's bankruptcy proceedings began Tuesday in a Helsinki court.

Question: "Will the Finnish government own the new company?"

Answer: "No, they will not have any stake in the company"

Response: no

Allan crouched over his desk once more, pen in hand and mind blank. He contemplated a story, an outline he had laboriously constructed some time ago. He had filled his pen and raised it, the nib descending towards the paper, before the sound came: the gentle, persistent tapping of the gnarled, primeval willow touching the window with long, insistent fingers. His eyes awoke with a passionate, determined flame, though the only light came from the glutted moon. Allan filled page after page, the words escaping from his mind onto the paper. Where before they had marched in regiments, practiced in ranks and followed their leaders' commands, the words now escaped in their true forms, unhindered by any stricture. He continued long into the night, until the eldritch orb had sunk into the waiting hands of the willow, raised perpetually skyward. Arthur looked up from the results of a night's frenzied labors and looked Allan in the eye. "What is this?" he queried, indicating the pages he held in his left hand. "I decided that since I wasn't having much success with more traditional stories, I might see what sort of work I produced if I let my imagination go freely," Allan replied, somewhat less self-assured than he had been the previous night. "What in G-d's name could have possessed you to do such a thing," cried Arthur, nearly raising his voice. "After all I said the day before, why have you abandoned centuries of literary progress for some self-indulgent fantasy?" He shook the papers at Allan, raising them like a belt above the head of a disobedient son. "This is nothing but a glorified Grimm's tale, a miscarried child of Stoker, a creation less fit to be published than to be told around an open fire at the hovel of some peasant!" He spoke the last word with such heavy intonation that Allan shrank back before the physical wave of sound emanating from Arthur's throat. "Do you hate the modern system of literature? Do you personally despise the works the Enlightenment or the progress made since Shakespeare?" For a moment, Allan could hardly do more than shake his head. "No, of course not I " "Then why," Arthur barreled on, "do you disregard them all and return to this superstitious babble, this morbid, paganistic drivel?

Question: "What did Arthur ask Allan?"

Answer: "How his writing improved so quickly"

Response:
no