penn-treebank-sample/penn-data.json

a non-commercial, fair-use subset of the penn-treebank, in JSON

[
["Pierre Vinken, 61 years old, will join the board as a nonexecutive director Nov. 29.",["NNP","NNP","CD","NNS","JJ","MD","VB","DT","NN","IN","DT","JJ","NN","NNP","CD"]] ,
["Mr. Vinken is chairman of Elsevier N.V., the Dutch publishing group.",["NNP","NNP","VBZ","NN","IN","NNP","NNP","DT","NNP","VBG","NN"]] ,
["Rudolph Agnew, 55 years old and former chairman of Consolidated Gold Fields PLC, was named a nonexecutive director of this British industrial conglomerate.",["NNP","NNP","CD","NNS","JJ","CC","JJ","NN","IN","NNP","NNP","NNP","NNP","VBD","VBN","DT","JJ","NN","IN","DT","JJ","JJ","NN"]] ,
["A form of asbestos once used to make Kent cigarette filters has caused a high percentage of cancer deaths among a group of workers exposed to it more than 30 years ago, researchers reported.",["DT","NN","IN","NN","RB","VBN","TO","VB","NNP","NN","NNS","VBZ","VBN","DT","JJ","NN","IN","NN","NNS","IN","DT","NN","IN","NNS","VBN","TO","PRP","RBR","IN","CD","NNS","IN","NNS","VBD"]] ,
["The asbestos fiber, crocidolite, is unusually resilient once it enters the lungs, with even brief exposures to it causing symptoms that show up decades later, researchers said.",["DT","NN","NN","NN","VBZ","RB","JJ","IN","PRP","VBZ","DT","NNS","IN","RB","JJ","NNS","TO","PRP","VBG","NNS","WDT","VBP","RP","NNS","JJ","NNS","VBD"]] ,
["Lorillard Inc., the unit of New York-based Loews Corp. that makes Kent cigarettes, stopped using crocidolite in its Micronite cigarette filters in 1956.",["NNP","NNP","DT","NN","IN","JJ","JJ","NNP","NNP","WDT","VBZ","NNP","NNS","VBD","VBG","NN","IN","PRP$","NN","NN","NNS","IN","CD"]] ,
["Although preliminary findings were reported more than a year ago, the latest results appear in today's New England Journal of Medicine, a forum likely to bring new attention to the problem.",["IN","JJ","NNS","VBD","VBN","RBR","IN","DT","NN","IN","DT","JJS","NNS","VBP","IN","NN","NNP","NNP","NNP","IN","NNP","DT","NN","JJ","TO","VB","JJ","NN","TO","DT","NN"]] ,
["A Lorillard spokewoman said, ``This is an old story.",["DT","NNP","NN","VBD","DT","VBZ","DT","JJ","NN"]] ,
["We're talking about years ago before anyone heard of asbestos having any questionable properties.",["PRP","VBG","IN","NNS","IN","IN","NN","VBD","IN","NN","VBG","DT","JJ","NNS"]] ,
["There is no asbestos in our products now.''",["EX","VBZ","DT","NN","IN","PRP$","NNS","RB"]] ,
["Neither Lorillard nor the researchers who studied the workers were aware of any research on smokers of the Kent cigarettes.",["DT","NNP","CC","DT","NNS","WP","VBD","DT","NNS","VBD","JJ","IN","DT","NN","IN","NNS","IN","DT","NNP","NNS"]] ,
["``We have no useful information on whether users are at risk,'' said James A. Talcott of Boston's Dana-Farber Cancer Institute.",["PRP","VBP","DT","JJ","NN","IN","IN","NNS","VBP","IN","NN","VBD","NNP","NNP","NNP","IN","NNP","NNP","NNP","NNP"]] ,
["Dr. Talcott led a team of researchers from the National Cancer Institute and the medical schools of Harvard University and Boston University.",["NNP","NNP","VBD","DT","NN","IN","NNS","IN","DT","NNP","NNP","NNP","CC","DT","JJ","NNS","IN","NNP","NNP","CC","NNP","NNP"]] ,
["The Lorillard spokeswoman said asbestos was used in ``very modest amounts'' in making paper for the filters in the early 1950s and replaced with a different type of filter in 1956.",["DT","NNP","NN","VBD","NN","VBD","VBN","IN","RB","JJ","NNS","IN","VBG","NN","IN","DT","NNS","IN","DT","JJ","CD","CC","VBN","IN","DT","JJ","NN","IN","NN","IN","CD"]] ,
["From 1953 to 1955, 9.8 billion Kent cigarettes with the filters were sold, the company said.",["IN","CD","TO","CD","CD","CD","NNP","NNS","IN","DT","NNS","VBD","VBN","DT","NN","VBD"]] ,
["Among 33 men who worked closely with the substance, 28 have died -- more than three times the expected number.",["IN","CD","NNS","WP","VBD","RB","IN","DT","NN","CD","VBP","VBN",":","JJ","IN","CD","NNS","DT","VBN","NN"]] ,
["Four of the five surviving workers have asbestos-related diseases, including three with recently diagnosed cancer.",["CD","IN","DT","CD","VBG","NNS","VBP","JJ","NNS","VBG","CD","IN","RB","VBN","NN"]] ,
["The total of 18 deaths from malignant mesothelioma, lung cancer and asbestosis was far higher than expected, the researchers said.",["DT","NN","IN","CD","NNS","IN","JJ","NN","NN","NN","CC","NN","VBD","RB","JJR","IN","VBN","DT","NNS","VBD"]] ,
["``The morbidity rate is a striking finding among those of us who study asbestos-related diseases,'' said Dr. Talcott.",["DT","NN","NN","VBZ","DT","JJ","NN","IN","DT","IN","PRP","WP","VBP","JJ","NNS","VBD","NNP","NNP"]] ,
["The percentage of lung cancer deaths among the workers at the West Groton, Mass., paper factory appears to be the highest for any asbestos workers studied in Western industrialized countries, he said.",["DT","NN","IN","NN","NN","NNS","IN","DT","NNS","IN","DT","NNP","NNP","NNP","NN","NN","VBZ","TO","VB","DT","JJS","IN","DT","NN","NNS","VBN","IN","JJ","VBN","NNS","PRP","VBD"]] ,
["The plant, which is owned by Hollingsworth & Vose Co., was under contract with Lorillard to make the cigarette filters.",["DT","NN","WDT","VBZ","VBN","IN","NNP","CC","NNP","NNP","VBD","IN","NN","IN","NN","TO","VB","DT","NN","NNS"]] ,
["The finding probably will support those who argue that the U.S. should regulate the class of asbestos including crocidolite more stringently than the common kind of asbestos, chrysotile, found in most schools and other buildings, Dr. Talcott said.",["DT","NN","RB","MD","VB","DT","WP","VBP","IN","DT","NNP","MD","VB","DT","NN","IN","NN","VBG","NN","RBR","RB","IN","DT","JJ","NN","IN","NN","NN","VBN","IN","JJS","NNS","CC","JJ","NNS","NNP","NNP","VBD"]] ,
["The U.S. is one of the few industrialized nations that doesn't have a higher standard of regulation for the smooth, needle-like fibers such as crocidolite that are classified as amphobiles, according to Brooke T. Mossman, a professor of pathlogy at the University of Vermont College of Medicine.",["DT","NNP","VBZ","CD","IN","DT","JJ","VBN","NNS","WDT","VBZ","VB","DT","JJR","NN","IN","NN","IN","DT","JJ","JJ","NNS","JJ","IN","NN","WDT","VBP","VBN","IN","NNS","VBG","TO","NNP","NNP","NNP","DT","NN","IN","NN","IN","DT","NNP","IN","NNP","NNP","IN","NNP"]] ,
["More common chrysotile fibers are curly and are more easily rejected by the body, Dr. Mossman explained.",["RBR","JJ","NN","NNS","VBP","JJ","CC","VBP","RBR","RB","VBN","IN","DT","NN","NNP","NNP","VBD"]] ,
["In July, the Environmental Protection Agency imposed a gradual ban on virtually all uses of asbestos.",["IN","NNP","DT","NNP","NNP","NNP","VBD","DT","JJ","NN","IN","RB","DT","NNS","IN","NN"]] ,
["By 1997, almost all remaining uses of cancer-causing asbestos will be outlawed.",["IN","CD","RB","DT","VBG","NNS","IN","JJ","NN","MD","VB","VBN"]] ,
["About 160 workers at a factory that made paper for the Kent filters were exposed to asbestos in the 1950s.",["IN","CD","NNS","IN","DT","NN","WDT","VBD","NN","IN","DT","NNP","NNS","VBD","VBN","TO","NN","IN","DT","CD"]] ,
["Areas of the factory were particularly dusty where the crocidolite was used.",["NNS","IN","DT","NN","VBD","RB","JJ","WRB","DT","NN","VBD","VBN"]] ,
["Workers dumped large burlap sacks of the imported material into a huge bin, poured in cotton and acetate fibers and mechanically mixed the dry fibers in a process used to make filters.",["NNS","VBD","JJ","NN","NNS","IN","DT","VBN","NN","IN","DT","JJ","NN","VBD","RP","NN","CC","NN","NNS","CC","RB","VBD","DT","JJ","NNS","IN","DT","NN","VBN","TO","VB","NNS"]] ,
["Workers described ``clouds of blue dust'' that hung over parts of the factory, even though exhaust fans ventilated the area.",["NNS","VBD","NNS","IN","JJ","NN","WDT","VBD","IN","NNS","IN","DT","NN","RB","IN","NN","NNS","VBD","DT","NN"]] ,
["``There's no question that some of those workers and managers contracted asbestos-related diseases,'' said Darrell Phillips, vice president of human resources for Hollingsworth & Vose.",["EX","DT","NN","IN","DT","IN","DT","NNS","CC","NNS","VBD","JJ","NNS","VBD","NNP","NNP","NN","NN","IN","JJ","NNS","IN","NNP","CC","NNP"]] ,
["``But you have to recognize that these events took place 35 years ago.",["CC","PRP","VBP","TO","VB","IN","DT","NNS","VBD","NN","CD","NNS","IN"]] ,
["It has no bearing on our work force today.",["PRP","VBZ","DT","NN","IN","PRP$","NN","NN","NN"]] ,
["Yields on money-market mutual funds continued to slide, amid signs that portfolio managers expect further declines in interest rates.",["NNS","IN","JJ","JJ","NNS","VBD","TO","VB","IN","NNS","IN","NN","NNS","VBP","JJ","NNS","IN","NN","NNS"]] ,
["The average seven-day compound yield of the 400 taxable funds tracked by IBC's Money Fund Report eased a fraction of a percentage point to 8.45% from 8.47% for the week ended Tuesday.",["DT","JJ","JJ","NN","NN","IN","DT","CD","JJ","NNS","VBN","IN","NNP","NNP","NNP","NNP","VBD","DT","NN","IN","DT","NN","NN","TO","CD","IN","CD","IN","DT","NN","VBD","NNP"]] ,
["Compound yields assume reinvestment of dividends and that the current yield continues for a year.",["NN","NNS","VBP","NN","IN","NNS","CC","IN","DT","JJ","NN","VBZ","IN","DT","NN"]] ,
["Average maturity of the funds' investments lengthened by a day to 41 days, the longest since early August, according to Donoghue's.",["JJ","NN","IN","DT","NNS","NNS","VBD","IN","DT","NN","TO","CD","NNS","DT","JJS","IN","JJ","NNP","VBG","TO","NNP"]] ,
["Longer maturities are thought to indicate declining interest rates because they permit portfolio managers to retain relatively higher rates for a longer period.",["JJR","NNS","VBP","VBN","TO","VB","VBG","NN","NNS","IN","PRP","VBP","NN","NNS","TO","VB","RB","JJR","NNS","IN","DT","JJR","NN"]] ,
["Shorter maturities are considered a sign of rising rates because portfolio managers can capture higher rates sooner.",["JJR","NNS","VBP","VBN","DT","NN","IN","VBG","NNS","IN","NN","NNS","MD","VB","JJR","NNS","RB"]] ,
["The average maturity for funds open only to institutions, considered by some to be a stronger indicator because those managers watch the market closely, reached a high point for the year -- 33 days.",["DT","JJ","NN","IN","NNS","JJ","RB","TO","NNS","VBN","IN","DT","TO","VB","DT","JJR","NN","IN","DT","NNS","VBP","DT","NN","RB","VBD","DT","JJ","NN","IN","DT","NN",":","CD","NNS"]] ,
["Nevertheless, said Brenda Malizia Negus, editor of Money Fund Report, yields ``may blip up again before they blip down'' because of recent rises in short-term interest rates.",["RB","VBD","NNP","NNP","NNP","NN","IN","NNP","NNP","NNP","NNS","MD","VB","RP","RB","IN","PRP","VBP","RP","IN","IN","JJ","NNS","IN","JJ","NN","NNS"]] ,
["The yield on six-month Treasury bills sold at Monday's auction, for example, rose to 8.04% from 7.90%.",["DT","NN","IN","JJ","NNP","NNS","VBN","IN","NNP","NN","IN","NN","VBD","TO","CD","IN","CD"]] ,
["Despite recent declines in yields, investors continue to pour cash into money funds.",["IN","JJ","NNS","IN","NNS","NNS","VBP","TO","VB","NN","IN","NN","NNS"]] ,
["Assets of the 400 taxable funds grew by $1.5 billion during the latest week, to $352.7 billion.",["NNS","IN","DT","CD","JJ","NNS","VBD","IN","CD","CD","IN","DT","JJS","NN","TO","CD","CD"]] ,
["Typically, money-fund yields beat comparable short-term investments because portfolio managers can vary maturities and go after the highest rates.",["RB","NN","NNS","VBP","JJ","JJ","NNS","IN","NN","NNS","MD","VB","NNS","CC","VB","IN","DT","JJS","NNS"]] ,
["The top money funds are currently yielding well over 9%.",["DT","JJ","NN","NNS","VBP","RB","VBG","RB","IN","CD"]] ,
["Dreyfus World-Wide Dollar, the top-yielding fund, had a seven-day compound yield of 9.37% during the latest week, down from 9.45% a week earlier.",["NNP","NNP","NNP","DT","JJ","NN","VBD","DT","JJ","NN","NN","IN","CD","IN","DT","JJS","NN","RB","IN","CD","DT","NN","JJR"]] ,
["It invests heavily in dollar-denominated securities overseas and is currently waiving management fees, which boosts its yield.",["PRP","VBZ","RB","IN","JJ","NNS","RB","CC","VBZ","RB","VBG","NN","NNS","WDT","VBZ","PRP$","NN"]] ,
["The average seven-day simple yield of the 400 funds was 8.12%, down from 8.14%.",["DT","JJ","JJ","JJ","NN","IN","DT","CD","NNS","VBD","CD","RB","IN","CD"]] ,
["The 30-day simple yield fell to an average 8.19% from 8.22%; the 30-day compound yield slid to an average 8.53% from 8.56%.",["DT","JJ","JJ","NN","VBD","TO","DT","JJ","CD","IN","CD","DT","JJ","NN","NN","VBD","TO","DT","JJ","CD","IN","CD"]] ,
["J.P. Bolduc, vice chairman of W.R. Grace & Co., which holds a 83.4% interest in this energy-services company, was elected a director.",["NNP","NNP","NN","NN","IN","NNP","NNP","CC","NNP","WDT","VBZ","DT","CD","NN","IN","DT","JJ","NN","VBD","VBN","DT","NN"]] ,
["He succeeds Terrence D. Daniels, formerly a W.R. Grace vice chairman, who resigned.",["PRP","VBZ","NNP","NNP","NNP","RB","DT","NNP","NNP","NN","NN","WP","VBD"]] ,
["W.R. Grace holds three of Grace Energy's seven board seats.",["NNP","NNP","VBZ","CD","IN","NNP","NNP","CD","NN","NNS"]] ,
["Pacific First Financial Corp. said shareholders approved its acquisition by Royal Trustco Ltd. of Toronto for $27 a share, or $212 million.",["NNP","NNP","NNP","NNP","VBD","NNS","VBD","PRP$","NN","IN","NNP","NNP","NNP","IN","NNP","IN","CD","DT","NN","CC","CD","CD"]] ,
["The thrift holding company said it expects to obtain regulatory approval and complete the transaction by year-end.",["DT","NN","VBG","NN","VBD","PRP","VBZ","TO","VB","JJ","NN","CC","VB","DT","NN","IN","NN"]] ,
["McDermott International Inc. said its Babcock & Wilcox unit completed the sale of its Bailey Controls Operations to Finmeccanica S.p. A. for $295 million.",["NNP","NNP","NNP","VBD","PRP$","NNP","CC","NNP","NN","VBD","DT","NN","IN","PRP$","NNP","NNP","NNP","TO","NNP","NNP","NNP","IN","CD","CD"]] ,
["Finmeccanica is an Italian state-owned holding company with interests in the mechanical engineering industry.",["NNP","VBZ","DT","JJ","JJ","VBG","NN","IN","NNS","IN","DT","JJ","NN","NN"]] ,
["Bailey Controls, based in Wickliffe, Ohio, makes computerized industrial controls systems.",["NNP","NNP","VBN","IN","NNP","NNP","VBZ","JJ","JJ","NNS","NNS"]] ,
["It employs 2,700 people and has annual revenue of about $370 million.",["PRP","VBZ","CD","NNS","CC","VBZ","JJ","NN","IN","IN","CD","CD"]] ,
["The federal government suspended sales of U.S. savings bonds because Congress hasn't lifted the ceiling on government debt.",["DT","JJ","NN","VBD","NNS","IN","NNP","NNS","NNS","IN","NNP","VBZ","VBN","DT","NN","IN","NN","NN"]] ,
["Until Congress acts, the government hasn't any authority to issue new debt obligations of any kind, the Treasury said.",["IN","NNP","VBZ","DT","NN","VBZ","DT","NN","TO","VB","JJ","NN","NNS","IN","DT","NN","DT","NNP","VBD"]] ,
["The government's borrowing authority dropped at midnight Tuesday to $2.80 trillion from $2.87 trillion.",["DT","NN","NN","NN","VBD","IN","NN","NNP","TO","CD","CD","IN","CD","CD"]] ,
["Legislation to lift the debt ceiling is ensnarled in the fight over cutting capital-gains taxes.",["NN","TO","VB","DT","NN","NN","VBZ","VBN","IN","DT","NN","IN","VBG","JJ","NNS"]] ,
["The House has voted to raise the ceiling to $3.1 trillion, but the Senate isn't expected to act until next week at the earliest.",["DT","NNP","VBZ","VBN","TO","VB","DT","NN","TO","CD","CD","CC","DT","NNP","VBZ","VBN","TO","VB","IN","JJ","NN","IN","DT","JJS"]] ,
["The Treasury said the U.S. will default on Nov. 9 if Congress doesn't act by then.",["DT","NNP","VBD","DT","NNP","MD","VB","IN","NNP","CD","IN","NNP","VBZ","VB","IN","RB"]] ,
["Clark J. Vitulli was named senior vice president and general manager of this U.S. sales and marketing arm of Japanese auto maker Mazda Motor Corp.",["NNP","NNP","NNP","VBD","VBN","JJ","NN","NN","CC","JJ","NN","IN","DT","NNP","NNS","CC","NN","NN","IN","JJ","NN","NN","NNP","NNP","NNP"]] ,
["In the new position he will oversee Mazda's U.S. sales, service, parts and marketing operations.",["IN","DT","JJ","NN","PRP","MD","VB","NNP","NNP","NNS","NN","NNS","CC","NN","NNS"]] ,
["Previously, Mr. Vitulli, 43 years old, was general marketing manager of Chrysler Corp.'s Chrysler division.",["RB","NNP","NNP","CD","NNS","JJ","VBD","JJ","NN","NN","IN","NNP","NNP","NNP","NN"]] ,
["He had been a sales and marketing executive with Chrysler for 20 years.",["PRP","VBD","VBN","DT","NNS","CC","NN","NN","IN","NNP","IN","CD","NNS"]] ,
["When it's time for their biannual powwow, the nation's manufacturing titans typically jet off to the sunny confines of resort towns like Boca Raton and Hot Springs.",["WRB","PRP","NN","IN","PRP$","JJ","NN","DT","NN","VBG","NNS","RB","VBP","RP","TO","DT","JJ","NNS","IN","NN","NNS","IN","NNP","NNP","CC","NNP","NNP"]] ,
["Not this year.",["RB","DT","NN"]] ,
["The National Association of Manufacturers settled on the Hoosier capital of Indianapolis for its fall board meeting.",["DT","NNP","NNP","IN","NNP","VBD","IN","DT","NNP","NN","IN","NNP","IN","PRP$","NN","NN","NN"]] ,
["And the city decided to treat its guests more like royalty or rock stars than factory owners.",["CC","DT","NN","VBD","TO","VB","PRP$","NNS","JJR","IN","NN","CC","NN","NNS","IN","NN","NNS"]] ,
["The idea, of course: to prove to 125 corporate decision makers that the buckle on the Rust Belt isn't so rusty after all, that it's a good place for a company to expand.",["DT","NN","IN","NN","TO","VB","TO","CD","JJ","NN","NNS","IN","DT","NN","IN","DT","NNP","NNP","VBZ","RB","JJ","IN","DT","IN","PRP","DT","JJ","NN","IN","DT","NN","TO","VB"]] ,
["On the receiving end of the message were officials from giants like Du Pont and Maytag, along with lesser knowns like Trojan Steel and the Valley Queen Cheese Factory.",["IN","DT","VBG","NN","IN","DT","NN","VBD","NNS","IN","NNS","IN","NNP","NNP","CC","NNP","IN","IN","JJR","NNS","IN","NNP","NNP","CC","DT","NNP","NNP","NNP","NNP"]] ,
["For starters, the executives joined Mayor William H. Hudnut III for an evening of the Indianapolis Symphony Orchestra and a guest pianist-comedian Victor Borge.",["IN","NNS","DT","NNS","VBD","NNP","NNP","NNP","NNP","NNP","IN","DT","NN","IN","DT","NNP","NNP","NNP","CC","DT","NN","NN","NNP","NNP"]] ,
["Champagne and dessert followed.",["NN","CC","NN","VBD"]] ,
["The next morning, with a police escort, busloads of executives and their wives raced to the Indianapolis Motor Speedway, unimpeded by traffic or red lights.",["DT","JJ","NN","IN","DT","NN","NN","NNS","IN","NNS","CC","PRP$","NNS","VBD","TO","DT","NNP","NNP","NNP","JJ","IN","NN","CC","JJ","NNS"]] ,
["The governor couldn't make it, so the lieutenant governor welcomed the special guests.",["DT","NN","MD","VB","PRP","IN","DT","NN","NN","VBD","DT","JJ","NNS"]] ,
["A buffet breakfast was held in the museum, where food and drinks are banned to everyday visitors.",["DT","NN","NN","VBD","VBN","IN","DT","NN","WRB","NN","CC","NNS","VBP","VBN","TO","JJ","NNS"]] ,
["Then, in the guests' honor, the speedway hauled out four drivers, crews and even the official Indianapolis 500 announcer for a 10-lap exhibition race.",["RB","IN","DT","NNS","NN","DT","NN","VBD","RP","CD","NNS","NNS","CC","RB","DT","JJ","NNP","CD","NN","IN","DT","JJ","NN","NN"]] ,
["After the race, Fortune 500 executives drooled like schoolboys over the cars and drivers.",["IN","DT","NN","NNP","CD","NNS","VBD","IN","NNS","IN","DT","NNS","CC","NNS"]] ,
["No dummies, the drivers pointed out they still had space on their machines for another sponsor's name or two.",["DT","NNS","DT","NNS","VBD","RP","PRP","RB","VBD","NN","IN","PRP$","NNS","IN","DT","NN","NN","CC","CD"]] ,
["Back downtown, the execs squeezed in a few meetings at the hotel before boarding the buses again.",["RB","NN","DT","NNS","VBD","RP","DT","JJ","NNS","IN","DT","NN","IN","VBG","DT","NNS","RB"]] ,
["This time, it was for dinner and dancing -- a block away.",["DT","NN","PRP","VBD","IN","NN","CC","NN",":","DT","NN","RB"]] ,
["Under the stars and moons of the renovated Indiana Roof ballroom, nine of the hottest chefs in town fed them Indiana duckling mousseline, lobster consomme, veal mignon and chocolate terrine with a raspberry sauce.",["IN","DT","NNS","CC","NNS","IN","DT","VBN","NNP","NNP","NN","CD","IN","DT","JJS","NNS","IN","NN","VBD","PRP","NNP","NN","NN","NN","NN","NN","NN","CC","JJ","NN","IN","DT","NN","NN"]] ,
["Knowing a tasty -- and free -- meal when they eat one, the executives gave the chefs a standing ovation.",["VBG","DT","JJ",":","CC","JJ",":","NN","WRB","PRP","VBP","CD","DT","NNS","VBD","DT","NNS","DT","JJ","NN"]] ,
["More than a few CEOs say the red-carpet treatment tempts them to return to a heartland city for future meetings.",["JJR","IN","DT","JJ","NNS","VBP","DT","JJ","NN","VBZ","PRP","TO","VB","TO","DT","NN","NN","IN","JJ","NNS"]] ,
["But for now, they're looking forward to their winter meeting -- Boca in February.",["CC","IN","RB","PRP","VBG","RB","TO","PRP$","NN","NN",":","NNP","IN","NNP"]] ,
["South Korea registered a trade deficit of $101 million in October, reflecting the country's economic sluggishness, according to government figures released Wednesday.",["NNP","NNP","VBD","DT","NN","NN","IN","CD","CD","IN","NNP","VBG","DT","NN","JJ","NN","VBG","TO","NN","NNS","VBD","NNP"]] ,
["Preliminary tallies by the Trade and Industry Ministry showed another trade deficit in October, the fifth monthly setback this year, casting a cloud on South Korea's export-oriented economy.",["JJ","NNS","IN","DT","NNP","CC","NNP","NNP","VBD","DT","NN","NN","IN","NNP","DT","JJ","JJ","NN","DT","NN","VBG","DT","NN","IN","NNP","NNP","JJ","NN"]] ,
["Exports in October stood at $5.29 billion, a mere 0.7% increase from a year earlier, while imports increased sharply to $5.39 billion, up 20% from last October.",["NNS","IN","NNP","VBD","IN","CD","CD","DT","JJ","CD","NN","IN","DT","NN","JJR","IN","NNS","VBD","RB","TO","CD","CD","RB","CD","IN","JJ","NNP"]] ,
["South Korea's economic boom, which began in 1986, stopped this year because of prolonged labor disputes, trade conflicts and sluggish exports.",["NNP","NNP","JJ","NN","WDT","VBD","IN","CD","VBD","DT","NN","IN","IN","VBN","NN","NNS","NN","NNS","CC","JJ","NNS"]] ,
["Government officials said exports at the end of the year would remain under a government target of $68 billion.",["NN","NNS","VBD","NNS","IN","DT","NN","IN","DT","NN","MD","VB","IN","DT","NN","NN","IN","CD","CD"]] ,
["Despite the gloomy forecast, South Korea has recorded a trade surplus of $71 million so far this year.",["IN","DT","JJ","NN","NNP","NNP","VBZ","VBN","DT","NN","NN","IN","CD","CD","IN","IN","DT","NN"]] ,
["From January to October, the nation's accumulated exports increased 4% from the same period last year to $50.45 billion.",["IN","NNP","TO","NNP","DT","NN","VBN","NNS","VBD","CD","IN","DT","JJ","NN","JJ","NN","TO","CD","CD"]] ,
["Imports were at $50.38 billion, up 19%.",["NNS","VBD","IN","CD","CD","RB","CD"]] ,
["Newsweek, trying to keep pace with rival Time magazine, announced new advertising rates for 1990 and said it will introduce a new incentive plan for advertisers.",["NNP","VBG","TO","VB","NN","IN","JJ","NNP","NN","VBD","JJ","NN","NNS","IN","CD","CC","VBD","PRP","MD","VB","DT","JJ","NN","NN","IN","NNS"]] ,
["The new ad plan from Newsweek, a unit of the Washington Post Co., is the second incentive plan the magazine has offered advertisers in three years.",["DT","JJ","NN","NN","IN","NNP","DT","NN","IN","DT","NNP","NNP","NNP","VBZ","DT","JJ","NN","NN","DT","NN","VBZ","VBN","NNS","IN","CD","NNS"]] ,
["Plans that give advertisers discounts for maintaining or increasing ad spending have become permanent fixtures at the news weeklies and underscore the fierce competition between Newsweek, Time Warner Inc.'s Time magazine, and Mortimer B. Zuckerman's U.S. News & World Report.",["NNS","WDT","VBP","NNS","NNS","IN","VBG","CC","VBG","NN","NN","VBP","VBN","JJ","NNS","IN","DT","NN","NNS","CC","VBP","DT","JJ","NN","IN","NNP","NNP","NNP","NNP","NNP","NN","CC","NNP","NNP","NNP","NNP","NNP","CC","NNP","NNP"]] ,
["Alan Spoon, recently named Newsweek president, said Newsweek's ad rates would increase 5% in January.",["NNP","NNP","RB","VBN","NNP","NN","VBD","NNP","NN","NNS","MD","VB","CD","IN","NNP"]] ,
["A full, four-color page in Newsweek will cost $100,980.",["DT","JJ","JJ","NN","IN","NNP","MD","VB","CD"]] ,
["In mid-October, Time magazine lowered its guaranteed circulation rate base for 1990 while not increasing ad page rates; with a lower circulation base, Time's ad rate will be effectively 7.5% higher per subscriber; a full page in Time costs about $120,000.",["IN","NNP","NNP","NN","VBD","PRP$","VBN","NN","NN","NN","IN","CD","IN","RB","VBG","NN","NN","NNS","IN","DT","JJR","NN","NN","NNP","NN","NN","MD","VB","RB","CD","JJR","IN","NN","DT","JJ","NN","IN","NNP","VBZ","IN","CD"]] ,
["U.S. News has yet to announce its 1990 ad rates.",["NNP","NNP","VBZ","RB","TO","VB","PRP$","CD","NN","NNS"]] ,
["Newsweek said it will introduce the Circulation Credit Plan, which awards space credits to advertisers on ``renewal advertising.''",["NNP","VBD","PRP","MD","VB","DT","NNP","NNP","NNP","WDT","VBZ","NN","NNS","TO","NNS","IN","NN","NN"]] ,
["The magazine will reward with ``page bonuses'' advertisers who in 1990 meet or exceed their 1989 spending, as long as they spent $325,000 in 1989 and $340,000 in 1990.",["DT","NN","MD","VB","IN","NN","NNS","NNS","WP","IN","CD","VBP","CC","VBP","PRP$","CD","NN","RB","RB","IN","PRP","VBD","CD","IN","CD","CC","CD","IN","CD"]] ,
["Mr. Spoon said the plan is not an attempt to shore up a decline in ad pages in the first nine months of 1989; Newsweek's ad pages totaled 1,620, a drop of 3.2% from last year, according to Publishers Information Bureau.",["NNP","NNP","VBD","DT","NN","VBZ","RB","DT","NN","TO","VB","RP","DT","NN","IN","NN","NNS","IN","DT","JJ","CD","NNS","IN","CD","NNP","NN","NNS","VBD","CD","DT","NN","IN","CD","IN","JJ","NN","VBG","TO","NNP","NNP","NNP"]] ,
["``What matters is what advertisers are paying per page, and in that department we are doing fine this fall,'' said Mr. Spoon.",["WP","VBZ","VBZ","WP","NNS","VBP","VBG","IN","NN","CC","IN","DT","NN","PRP","VBP","VBG","RB","DT","NN","VBD","NNP","NNP"]] ,
["Both Newsweek and U.S. News have been gaining circulation in recent years without heavy use of electronic giveaways to subscribers, such as telephones or watches.",["DT","NNP","CC","NNP","NNP","VBP","VBN","VBG","NN","IN","JJ","NNS","IN","JJ","NN","IN","JJ","NNS","TO","NNS","JJ","IN","NNS","CC","NNS"]] ,
["However, none of the big three weeklies recorded circulation gains recently.",["RB","NN","IN","DT","JJ","CD","NNS","VBD","NN","NNS","RB"]] ,
["According to Audit Bureau of Circulations, Time, the largest newsweekly, had average circulation of 4,393,237, a decrease of 7.3%.",["VBG","TO","NNP","NNP","IN","NNP","NNP","DT","JJS","RB","VBD","JJ","NN","IN","CD","DT","NN","IN","CD"]] ,
["Newsweek's circulation for the first six months of 1989 was 3,288,453, flat from the same period last year.",["NNP","NN","IN","DT","JJ","CD","NNS","IN","CD","VBD","CD","JJ","IN","DT","JJ","NN","JJ","NN"]] ,
["U.S. News' circulation in the same time was 2,303,328, down 2.6%.",["NNP","NNP","NN","IN","DT","JJ","NN","VBD","CD","RB","CD"]] ,
["New England Electric System bowed out of the bidding for Public Service Co. of New Hampshire, saying that the risks were too high and the potential payoff too far in the future to justify a higher offer.",["NNP","NNP","NNP","NNP","VBD","IN","IN","DT","NN","IN","NNP","NNP","NNP","IN","NNP","NNP","VBG","IN","DT","NNS","VBD","RB","JJ","CC","DT","JJ","NN","RB","RB","IN","DT","NN","TO","VB","DT","JJR","NN"]] ,
["The move leaves United Illuminating Co. and Northeast Utilities as the remaining outside bidders for PS of New Hampshire, which also has proposed an internal reorganization plan in Chapter 11 bankruptcy proceedings under which it would remain an independent company.",["DT","NN","VBZ","NNP","NNP","NNP","CC","NNP","NNP","IN","DT","VBG","JJ","NNS","IN","NNP","IN","NNP","NNP","WDT","RB","VBZ","VBN","DT","JJ","NN","NN","IN","NN","CD","NN","NNS","IN","WDT","PRP","MD","VB","DT","JJ","NN"]] ,
["New England Electric, based in Westborough, Mass., had offered $2 billion to acquire PS of New Hampshire, well below the $2.29 billion value United Illuminating places on its bid and the $2.25 billion Northeast says its bid is worth.",["NNP","NNP","NNP","VBN","IN","NNP","NNP","VBD","VBN","CD","CD","TO","VB","NNP","IN","NNP","NNP","RB","IN","DT","CD","CD","NN","NNP","NNP","NNS","IN","PRP$","NN","CC","DT","CD","CD","NNP","VBZ","PRP$","NN","VBZ","IN"]] ,
["United Illuminating is based in New Haven, Conn., and Northeast is based in Hartford, Conn.",["NNP","NNP","VBZ","VBN","IN","NNP","NNP","NNP","CC","NNP","VBZ","VBN","IN","NNP","NNP"]] ,
["PS of New Hampshire, Manchester, N.H., values its internal reorganization plan at about $2.2 billion.",["NNP","IN","NNP","NNP","NNP","NNP","VBZ","PRP$","JJ","NN","NN","IN","IN","CD","CD"]] ,
["John Rowe, president and chief executive officer of New England Electric, said the company's return on equity could suffer if it made a higher bid and its forecasts related to PS of New Hampshire -- such as growth in electricity demand and improved operating efficiencies -- didn't come true.",["NNP","NNP","NN","CC","JJ","JJ","NN","IN","NNP","NNP","NNP","VBD","DT","NN","NN","IN","NN","MD","VB","IN","PRP","VBD","DT","JJR","NN","CC","PRP$","NNS","VBN","TO","NNP","IN","NNP","NNP",":","JJ","IN","NN","IN","NN","NN","CC","VBN","NN","NNS",":","VBD","VB","JJ"]] ,
["``When we evaluated raising our bid, the risks seemed substantial and persistent over the next five years, and the rewards seemed a long way out.",["WRB","PRP","VBD","VBG","PRP$","NN","DT","NNS","VBD","JJ","CC","JJ","IN","DT","JJ","CD","NNS","CC","DT","NNS","VBD","DT","JJ","NN","IN"]] ,
["That got hard to take,'' he added.",["WDT","VBD","RB","TO","VB","PRP","VBD"]] ,
["Mr. Rowe also noted that political concerns also worried New England Electric.",["NNP","NNP","RB","VBD","IN","JJ","NNS","RB","VBN","NNP","NNP","NNP"]] ,
["No matter who owns PS of New Hampshire, after it emerges from bankruptcy proceedings its rates will be among the highest in the nation, he said.",["DT","NN","WP","VBZ","NNP","IN","NNP","NNP","IN","PRP","VBZ","IN","NN","NNS","PRP$","NNS","MD","VB","IN","DT","JJS","IN","DT","NN","PRP","VBD"]] ,
["``That attracts attention ...",["DT","VBZ","NN",":"]] ,
["it was just another one of the risk factors'' that led to the company's decision to withdraw from the bidding, he added.",["PRP","VBD","RB","DT","CD","IN","DT","NN","NNS","WDT","VBD","TO","DT","NN","NN","TO","VB","IN","DT","NN","PRP","VBD"]] ,
["Wilbur Ross Jr. of Rothschild Inc., the financial adviser to the troubled company's equity holders, said the withdrawal of New England Electric might speed up the reorganization process.",["NNP","NNP","NNP","IN","NNP","NNP","DT","JJ","NN","TO","DT","JJ","NN","NN","NNS","VBD","DT","NN","IN","NNP","NNP","NNP","MD","VB","RP","DT","NN","NN"]] ,
["The fact that New England proposed lower rate increases -- 4.8% over seven years against around 5.5% boosts proposed by the other two outside bidders -- complicated negotiations with state officials, Mr. Ross asserted.",["DT","NN","IN","NNP","NNP","VBD","JJR","NN","NNS",":","CD","IN","CD","NNS","IN","IN","CD","NNS","VBN","IN","DT","JJ","CD","JJ","NNS",":","IN","NNS","IN","NN","NNS","NNP","NNP","VBD"]] ,
["``Now the field is less cluttered,'' he added.",["RB","DT","NN","VBZ","RBR","VBN","PRP","VBD"]] ,
["Separately, the Federal Energy Regulatory Commission turned down for now a request by Northeast seeking approval of its possible purchase of PS of New Hampshire.",["RB","DT","NNP","NNP","NNP","NNP","VBD","RP","IN","RB","DT","NN","IN","NNP","VBG","NN","IN","PRP$","JJ","NN","IN","NNP","IN","NNP","NNP"]] ,
["Northeast said it would refile its request and still hopes for an expedited review by the FERC so that it could complete the purchase by next summer if its bid is the one approved by the bankruptcy court.",["NNP","VBD","PRP","MD","VB","PRP$","NN","CC","RB","VBZ","IN","DT","VBN","NN","IN","DT","NNP","IN","IN","PRP","MD","VB","DT","NN","IN","JJ","NN","IN","PRP$","NN","VBZ","DT","NN","VBD","IN","DT","NN","NN"]] ,
["PS of New Hampshire shares closed yesterday at $3.75, off 25 cents, in New York Stock Exchange composite trading.",["NNP","IN","NNP","NNP","NNS","VBD","NN","IN","CD","IN","CD","NNS","IN","NNP","NNP","NNP","NNP","JJ","NN"]] ,
["Norman Ricken, 52 years old and former president and chief operating officer of Toys ``R'' Us Inc., and Frederick Deane Jr., 63, chairman of Signet Banking Corp., were elected directors of this consumer electronics and appliances retailing chain.",["NNP","NNP","CD","NNS","JJ","CC","JJ","NN","CC","NN","VBG","NN","IN","NNPS","NNP","NNP","NNP","CC","NNP","NNP","NNP","CD","NN","IN","NNP","NNP","NNP","VBD","VBN","NNS","IN","DT","NN","NNS","CC","NNS","NN","NN"]] ,
["They succeed Daniel M. Rexinger, retired Circuit City executive vice president, and Robert R. Glauber, U.S. Treasury undersecretary, on the 12-member board.",["PRP","VBP","NNP","NNP","NNP","VBN","NNP","NNP","JJ","NN","NN","CC","NNP","NNP","NNP","NNP","NNP","NN","IN","DT","JJ","NN"]] ,
["Commonwealth Edison Co. was ordered to refund about $250 million to its current and former ratepayers for illegal rates collected for cost overruns on a nuclear power plant.",["NNP","NNP","NNP","VBD","VBN","TO","VB","IN","CD","CD","TO","PRP$","JJ","CC","JJ","NNS","IN","JJ","NNS","VBN","IN","NN","NNS","IN","DT","JJ","NN","NN"]] ,
["The refund was about $55 million more than previously ordered by the Illinois Commerce Commission and trade groups said it may be the largest ever required of a state or local utility.",["DT","NN","VBD","IN","CD","CD","JJR","IN","RB","VBN","IN","DT","NNP","NNP","NNP","CC","NN","NNS","VBD","PRP","MD","VB","DT","JJS","RB","VBN","IN","DT","NN","CC","JJ","NN"]] ,
["State court Judge Richard Curry ordered Edison to make average refunds of about $45 to $50 each to Edison customers who have received electric service since April 1986, including about two million customers who have moved during that period.",["NN","NN","NNP","NNP","NNP","VBD","NNP","TO","VB","JJ","NNS","IN","IN","CD","TO","CD","DT","TO","NNP","NNS","WP","VBP","VBN","JJ","NN","IN","NNP","CD","VBG","IN","CD","CD","NNS","WP","VBP","VBN","IN","DT","NN"]] ,
["Judge Curry ordered the refunds to begin Feb. 1 and said that he wouldn't entertain any appeals or other attempts to block his order by Commonwealth Edison.",["NNP","NNP","VBD","DT","NNS","TO","VB","NNP","CD","CC","VBD","IN","PRP","MD","VB","DT","NNS","CC","JJ","NNS","TO","VB","PRP$","NN","IN","NNP","NNP"]] ,
["``The refund pool ... may not be held hostage through another round of appeals,'' Judge Curry said.",["DT","NN","NN",":","MD","RB","VB","VBN","NN","IN","DT","NN","IN","NNS","NNP","NNP","VBD"]] ,
["Commonwealth Edison said it is already appealing the underlying commission order and is considering appealing Judge Curry's order.",["NNP","NNP","VBD","PRP","VBZ","RB","VBG","DT","VBG","NN","NN","CC","VBZ","VBG","VBG","NNP","NNP","NN"]] ,
["The exact amount of the refund will be determined next year based on actual collections made until Dec. 31 of this year.",["DT","JJ","NN","IN","DT","NN","MD","VB","VBN","JJ","NN","VBN","IN","JJ","NNS","VBN","IN","NNP","CD","IN","DT","NN"]] ,
["Commonwealth Edison said the ruling could force it to slash its 1989 earnings by $1.55 a share.",["NNP","NNP","VBD","DT","NN","MD","VB","PRP","TO","VB","PRP$","CD","NNS","IN","CD","DT","NN"]] ,
["For 1988, Commonwealth Edison reported earnings of $737.5 million, or $3.01 a share.",["IN","CD","NNP","NNP","VBD","NNS","IN","CD","CD","CC","CD","DT","NN"]] ,
["A Commonwealth Edison spokesman said that tracking down the two million customers whose addresses have changed during the past 3 1/2 years would be ``an administrative nightmare.''",["DT","NNP","NNP","NN","VBD","IN","VBG","RP","DT","CD","CD","NNS","WP$","NNS","VBP","VBN","IN","DT","JJ","CD","CD","NNS","MD","VB","DT","JJ","NN"]] ,
["In New York Stock Exchange composite trading yesterday, Commonwealth Edison closed at $38.375, down 12.5 cents.",["IN","NNP","NNP","NNP","NNP","JJ","NN","NN","NNP","NNP","VBD","IN","CD","RB","CD","NNS"]] ,
["The $2.5 billion Byron 1 plant near Rockford, Ill., was completed in 1985.",["DT","CD","CD","NNP","CD","NN","IN","NNP","NNP","VBD","VBN","IN","CD"]] ,
["In a disputed 1985 ruling, the Commerce Commission said Commonwealth Edison could raise its electricity rates by $49 million to pay for the plant.",["IN","DT","VBN","CD","NN","DT","NNP","NNP","VBD","NNP","NNP","MD","VB","PRP$","NN","NNS","IN","CD","CD","TO","VB","IN","DT","NN"]] ,
["But state courts upheld a challenge by consumer groups to the commission's rate increase and found the rates illegal.",["CC","NN","NNS","VBD","DT","NN","IN","NN","NNS","TO","DT","NN","NN","NN","CC","VBD","DT","NNS","JJ"]] ,
["The Illinois Supreme Court ordered the commission to audit Commonwealth Edison's construction expenses and refund any unreasonable expenses.",["DT","NNP","NNP","NNP","VBD","DT","NN","TO","VB","NNP","NNP","NN","NNS","CC","VB","DT","JJ","NNS"]] ,
["The utility has been collecting for the plant's construction cost from its 3.1 million customers subject to a refund since 1986.",["DT","NN","VBZ","VBN","VBG","IN","DT","NN","NN","NN","IN","PRP$","CD","CD","NNS","JJ","TO","DT","NN","IN","CD"]] ,
["In August, the commission ruled that between $190 million and $195 million of the plant's construction cost was unreasonable and should be refunded, plus interest.",["IN","NNP","DT","NN","VBD","IN","IN","CD","CD","CC","CD","CD","IN","DT","NN","NN","NN","VBD","JJ","CC","MD","VB","VBN","CC","NN"]] ,
["In his ruling, Judge Curry added an additional $55 million to the commission's calculations.",["IN","PRP$","NN","NNP","NNP","VBD","DT","JJ","CD","CD","TO","DT","NN","NNS"]] ,
["Last month, Judge Curry set the interest rate on the refund at 9%.",["JJ","NN","NNP","NNP","VBD","DT","NN","NN","IN","DT","NN","IN","CD"]] ,
["Commonwealth Edison now faces an additional court-ordered refund on its summer/winter rate differential collections that the Illinois Appellate Court has estimated at $140 million.",["NNP","NNP","RB","VBZ","DT","JJ","JJ","NN","IN","PRP$","JJ","NN","JJ","NNS","IN","DT","NNP","NNP","NNP","VBZ","VBN","IN","CD","CD"]] ,
["And consumer groups hope that Judge Curry's Byron 1 order may set a precedent for a second nuclear rate case involving Commonwealth Edison's Braidwood 2 plant.",["CC","NN","NNS","VBP","IN","NNP","NNP","NNP","CD","NN","MD","VB","DT","NN","IN","DT","JJ","JJ","NN","NN","VBG","NNP","NNP","NNP","CD","NN"]] ,
["Commonwealth Edison is seeking about $245 million in rate increases to pay for Braidwood 2.",["NNP","NNP","VBZ","VBG","IN","CD","CD","IN","NN","NNS","TO","VB","IN","NNP","CD"]] ,
["The commission is expected to rule on the Braidwood 2 case by year end.",["DT","NN","VBZ","VBN","TO","VB","IN","DT","NNP","CD","NN","IN","NN","NN"]] ,
["Last year Commonwealth Edison had to refund $72.7 million for poor performance of its LaSalle I nuclear plant.",["JJ","NN","NNP","NNP","VBD","TO","VB","CD","CD","IN","JJ","NN","IN","PRP$","NNP","NNP","JJ","NN"]] ,
["Japan's domestic sales of cars, trucks and buses in October rose 18% from a year earlier to 500,004 units, a record for the month, the Japan Automobile Dealers' Association said.",["NNP","JJ","NNS","IN","NNS","NNS","CC","NNS","IN","NNP","VBD","CD","IN","DT","NN","JJR","TO","CD","NNS","DT","NN","IN","DT","NN","DT","NNP","NNP","NNPS","NNP","VBD"]] ,
["The strong growth followed year-to-year increases of 21% in August and 12% in September.",["DT","JJ","NN","VBD","JJ","NNS","IN","CD","IN","NNP","CC","CD","IN","NNP"]] ,
["The monthly sales have been setting records every month since March.",["DT","JJ","NNS","VBP","VBN","VBG","NNS","DT","NN","IN","NNP"]] ,
["October sales, compared with the previous month, inched down 0.4%.",["NNP","NNS","VBN","IN","DT","JJ","NN","VBD","RB","CD"]] ,
["Sales of passenger cars grew 22% from a year earlier to 361,376 units.",["NNS","IN","NN","NNS","VBD","CD","IN","DT","NN","JJR","TO","CD","NNS"]] ,
["Sales of medium-sized cars, which benefited from price reductions arising from introduction of the consumption tax, more than doubled to 30,841 units from 13,056 in October 1988.",["NNS","IN","JJ","NNS","WDT","VBD","IN","NN","NNS","VBG","IN","NN","IN","DT","NN","NN","RBR","IN","VBD","TO","CD","NNS","IN","CD","IN","NNP","CD"]] ,
["Texas Instruments Japan Ltd., a unit of Texas Instruments Inc., said it opened a plant in South Korea to manufacture control devices.",["NNP","NNPS","NNP","NNP","DT","NN","IN","NNP","NNPS","NNP","VBD","PRP","VBD","DT","NN","IN","NNP","NNP","TO","VB","NN","NNS"]] ,
["The new plant, located in Chinchon about 60 miles from Seoul, will help meet increasing and diversifying demand for control products in South Korea, the company said.",["DT","JJ","NN","VBN","IN","NNP","IN","CD","NNS","IN","NNP","MD","VB","VB","VBG","CC","VBG","NN","IN","NN","NNS","IN","NNP","NNP","DT","NN","VBD"]] ,
["The plant will produce control devices used in motor vehicles and household appliances.",["DT","NN","MD","VB","NN","NNS","VBN","IN","NN","NNS","CC","NN","NNS"]] ,
["The survival of spinoff Cray Computer Corp. as a fledgling in the supercomputer business appears to depend heavily on the creativity -- and longevity -- of its chairman and chief designer, Seymour Cray.",["DT","NN","IN","NN","NNP","NNP","NNP","IN","DT","NN","IN","DT","NN","NN","VBZ","TO","VB","RB","IN","DT","NN",":","CC","NN",":","IN","PRP$","NN","CC","NN","NN","NNP","NNP"]] ,
["Not only is development of the new company's initial machine tied directly to Mr. Cray, so is its balance sheet.",["RB","RB","VBZ","NN","IN","DT","JJ","NN","JJ","NN","VBD","RB","TO","NNP","NNP","RB","VBZ","PRP$","NN","NN"]] ,
["Documents filed with the Securities and Exchange Commission on the pending spinoff disclosed that Cray Research Inc. will withdraw the almost $100 million in financing it is providing the new firm if Mr. Cray leaves or if the product-design project he heads is scrapped.",["NNS","VBN","IN","DT","NNPS","CC","NNP","NNP","IN","DT","VBG","NN","VBD","IN","NNP","NNP","NNP","MD","VB","DT","RB","CD","CD","IN","NN","PRP","VBZ","VBG","DT","JJ","NN","IN","NNP","NNP","VBZ","CC","IN","DT","JJ","NN","PRP","VBZ","VBZ","VBN"]] ,
["The documents also said that although the 64-year-old Mr. Cray has been working on the project for more than six years, the Cray-3 machine is at least another year away from a fully operational prototype.",["DT","NNS","RB","VBD","IN","IN","DT","JJ","NNP","NNP","VBZ","VBN","VBG","IN","DT","NN","IN","RBR","IN","CD","NNS","DT","NNP","NN","VBZ","IN","JJS","DT","NN","RB","IN","DT","RB","JJ","NN"]] ,
["Moreover, there have been no orders for the Cray-3 so far, though the company says it is talking with several prospects.",["JJR","EX","VBP","VBN","DT","NNS","IN","DT","NNP","RB","RB","IN","DT","NN","VBZ","PRP","VBZ","VBG","IN","JJ","NNS"]] ,
["While many of the risks were anticipated when Minneapolis-based Cray Research first announced the spinoff in May, the strings it attached to the financing hadn't been made public until yesterday.",["IN","JJ","IN","DT","NNS","VBD","VBN","WRB","JJ","NNP","NNP","RB","VBD","DT","NN","IN","NNP","DT","NNS","PRP","VBD","TO","DT","NN","VBD","VBN","VBN","JJ","IN","NN"]] ,
["``We didn't have much of a choice,'' Cray Computer's chief financial officer, Gregory Barnum, said in an interview.",["PRP","VBD","VB","RB","IN","DT","NN","NNP","NNP","NN","JJ","NN","NNP","NNP","VBD","IN","DT","NN"]] ,
["``The theory is that Seymour is the chief designer of the Cray-3, and without him it could not be completed.",["DT","NN","VBZ","IN","NNP","VBZ","DT","JJ","NN","IN","DT","NNP","CC","IN","PRP","PRP","MD","RB","VB","VBN"]] ,
["Cray Research did not want to fund a project that did not include Seymour.''",["NNP","NNP","VBD","RB","VB","TO","VB","DT","NN","WDT","VBD","RB","VB","NNP"]] ,
["The documents also said that Cray Computer anticipates needing perhaps another $120 million in financing beginning next September.",["DT","NNS","RB","VBD","IN","NNP","NNP","VBZ","VBG","RB","DT","CD","CD","IN","NN","VBG","JJ","NNP"]] ,
["But Mr. Barnum called that ``a worst-case'' scenario.",["CC","NNP","NNP","VBD","IN","DT","JJ","NN"]] ,
["The filing on the details of the spinoff caused Cray Research stock to jump $2.875 yesterday to close at $38 in New York Stock Exchange composite trading.",["DT","NN","IN","DT","NNS","IN","DT","NN","VBD","NNP","NNP","NN","TO","VB","CD","NN","TO","VB","IN","CD","IN","NNP","NNP","NNP","NNP","JJ","NN"]] ,
["Analysts noted yesterday that Cray Research's decision to link its $98.3 million promissory note to Mr. Cray's presence will complicate a valuation of the new company.",["NNS","VBD","NN","IN","NNP","NNP","NN","TO","VB","PRP$","CD","CD","JJ","NN","TO","NNP","NNP","NN","MD","VB","DT","NN","IN","DT","JJ","NN"]] ,
["``It has to be considered as an additional risk for the investor,'' said Gary P. Smaby of Smaby Group Inc., Minneapolis.",["PRP","VBZ","TO","VB","VBN","IN","DT","JJ","NN","IN","DT","NN","VBD","NNP","NNP","NNP","IN","NNP","NNP","NNP","NNP"]] ,
["``Cray Computer will be a concept stock,'' he said.",["NNP","NNP","MD","VB","DT","NN","NN","PRP","VBD"]] ,
["``You either believe Seymour can do it again or you don't.''",["PRP","RB","VBP","NNP","MD","VB","PRP","RB","CC","PRP","VBP"]] ,
["Besides the designer's age, other risk factors for Mr. Cray's new company include the Cray-3's tricky, unproven chip technology.",["IN","DT","NN","NN","JJ","NN","NNS","IN","NNP","NNP","JJ","NN","VBP","DT","NNP","JJ","JJ","NN","NN"]] ,
["The SEC documents describe those chips, which are made of gallium arsenide, as being so fragile and minute they will require special robotic handling equipment.",["DT","NNP","NNS","VBP","DT","NNS","WDT","VBP","VBN","IN","NN","NN","IN","VBG","RB","JJ","CC","JJ","PRP","MD","VB","JJ","JJ","NN","NN"]] ,
["In addition, the Cray-3 will contain 16 processors -- twice as many as the largest current supercomputer.",["IN","NN","DT","NNP","MD","VB","CD","NNS",":","RB","RB","JJ","IN","DT","JJS","JJ","NN"]] ,
["Cray Computer also will face intense competition, not only from Cray Research, which has about 60% of the world-wide supercomputer market and which is expected to roll out the C-90 machine, a direct competitor with the Cray-3, in 1991.",["NNP","NNP","RB","MD","VB","JJ","NN","RB","RB","IN","NNP","NNP","WDT","VBZ","RB","CD","IN","DT","JJ","NN","NN","CC","WDT","VBZ","VBN","TO","VB","RP","DT","NN","NN","DT","JJ","NN","IN","DT","NNP","IN","CD"]] ,
["The spinoff also will compete with International Business Machines Corp. and Japan's Big Three -- Hitachi Ltd., NEC Corp. and Fujitsu Ltd.",["DT","NN","RB","MD","VB","IN","NNP","NNP","NNPS","NNP","CC","NNP","JJ","CD",":","NNP","NNP","NNP","NNP","CC","NNP","NNP"]] ,
["The new company said it believes there are fewer than 100 potential customers for supercomputers priced between $15 million and $30 million -- presumably the Cray-3 price range.",["DT","JJ","NN","VBD","PRP","VBZ","EX","VBP","JJR","IN","CD","JJ","NNS","IN","NNS","VBN","IN","CD","CD","CC","CD","CD",":","RB","DT","NNP","NN","NN"]] ,
["Under terms of the spinoff, Cray Research stockholders are to receive one Cray Computer share for every two Cray Research shares they own in a distribution expected to occur in about two weeks.",["IN","NNS","IN","DT","NN","NNP","NNP","NNS","VBP","TO","VB","CD","NNP","NNP","NN","IN","DT","CD","NNP","NNP","NNS","PRP","VBP","IN","DT","NN","VBN","TO","VB","IN","IN","CD","NNS"]] ,
["No price for the new shares has been set.",["DT","NN","IN","DT","JJ","NNS","VBZ","VBN","VBN"]] ,
["Instead, the companies will leave it up to the marketplace to decide.",["RB","DT","NNS","MD","VB","PRP","IN","TO","DT","NN","TO","VB"]] ,
["Cray Computer has applied to trade on Nasdaq.",["NNP","NNP","VBZ","VBN","TO","VB","IN","NNP"]] ,
["Analysts calculate Cray Computer's initial book value at about $4.75 a share.",["NNS","VBP","NNP","NNP","JJ","NN","NN","IN","IN","CD","DT","NN"]] ,
["Along with the note, Cray Research is transferring about $53 million in assets, primarily those related to the Cray-3 development, which has been a drain on Cray Research's earnings.",["IN","IN","DT","NN","NNP","NNP","VBZ","VBG","IN","CD","CD","IN","NNS","RB","DT","VBN","TO","DT","CD","NN","WDT","VBZ","VBN","DT","NN","IN","NNP","NNP","NNS"]] ,
["Pro-forma balance sheets clearly show why Cray Research favored the spinoff.",["JJ","NN","NNS","RB","VBP","WRB","NNP","NNP","VBD","DT","NN"]] ,
["Without the Cray-3 research and development expenses, the company would have been able to report a profit of $19.3 million for the first half of 1989 rather than the $5.9 million it posted.",["IN","DT","NNP","NN","CC","NN","NNS","DT","NN","MD","VB","VBN","JJ","TO","VB","DT","NN","IN","CD","CD","IN","DT","JJ","DT","IN","CD","RB","IN","DT","CD","CD","PRP","VBD"]] ,
["On the other hand, had it existed then, Cray Computer would have incurred a $20.5 million loss.",["IN","DT","JJ","NN","VBD","PRP","VBN","RB","NNP","NNP","MD","VB","VBN","DT","CD","CD","NN"]] ,
["Mr. Cray, who couldn't be reached for comment, will work for the new Colorado Springs, Colo., company as an independent contractor -- the arrangement he had with Cray Research.",["NNP","NNP","WP","MD","VB","VBN","IN","NN","MD","VB","IN","DT","JJ","NNP","NNPS","NNP","NN","IN","DT","JJ","NN",":","DT","NN","PRP","VBD","IN","NNP","NNP"]] ,
["Regarded as the father of the supercomputer, Mr. Cray was paid $600,000 at Cray Research last year.",["VBN","IN","DT","NN","IN","DT","NN","NNP","NNP","VBD","VBN","CD","IN","NNP","NNP","JJ","NN"]] ,
["At Cray Computer, he will be paid $240,000.",["IN","NNP","NNP","PRP","MD","VB","VBN","CD"]] ,
["Besides Messrs. Cray and Barnum, other senior management at the company includes Neil Davenport, 47, president and chief executive officer; Joseph M. Blanchard, 37, vice president, engineering; Malcolm A. Hammerton, 40, vice president, software; and Douglas R. Wheeland, 45, vice president, hardware.",["IN","NNP","NNP","CC","NNP","JJ","JJ","NN",