21044022@unknown@formal@none@1@S@East German leader Krenz said he was willing to hold talks with opposition groups pressing for internal changes.@@@@1@18@@oe@2-2-2013
21044023@unknown@formal@none@1@S@The Communist Party chief, facing what is viewed as the nation's worst unrest in nearly 40 years, also said he would allow East Germans to travel abroad more freely, but made clear that the Berlin Wall would remain.@@@@1@38@@oe@2-2-2013
21044024@unknown@formal@none@1@S@A Lebanese Christian alliance accepted an Arab-sponsored proposal aimed at ending Lebanon's 14-year-old civil war.@@@@1@15@@oe@2-2-2013
21044025@unknown@formal@none@1@S@The move by the coalition of political parties and Lebanon's largest Christian militia isolated military chief Aoun, who has rejected the plan, which includes political changes and a Syrian troop withdrawal from Beirut.@@@@1@33@@oe@2-2-2013
21044026@unknown@formal@none@1@S@Baker offered to review Israel's "suggested changes" to his proposal for direct Israeli-Palestinian talks.@@@@1@14@@oe@2-2-2013
21044027@unknown@formal@none@1@S@But the secretary of state advised Israel that attempting to overhaul the five-point plan risked delaying the negotiations aimed at Mideast peace.@@@@1@22@@oe@2-2-2013
21044028@unknown@formal@none@1@S@NATO defense ministers said the 16-nation alliance continues to need a strong nuclear strategy despite political changes in Eastern Europe.@@@@1@20@@oe@2-2-2013
21044029@unknown@formal@none@1@S@The ministers, concluding a two-day meeting in southern Portugal, welcomed Moscow's pledges to cut its military forces, but urged the Soviets to do more to slash short-range nuclear weapons.@@@@1@29@@oe@2-2-2013
21044030@unknown@formal@none@1@S@The Justice Department indicated a possible challenge to a court order allowing former National Security Adviser Poindexter to subpoena ex-President Reagan's personal papers for use in the defense case against Iran-Contra charges.@@@@1@32@@oe@2-2-2013
21044031@unknown@formal@none@1@S@A department spokesman said the ruling "raised a serious question" about the office of the president.@@@@1@16@@oe@2-2-2013
21044032@unknown@formal@none@1@S@Bush said Washington would continue a trade embargo against Nicaragua, declaring that the Central American country poses "an unusual and extraordinary threat" to the security of the U.S.@@@@1@28@@oe@2-2-2013
21044033@unknown@formal@none@1@S@Meanwhile, Secretary of State Baker said the U.S. protested to Moscow over shipments of East bloc arms to Salvadoran rebels from Managua.@@@@1@22@@oe@2-2-2013
21044034@unknown@formal@none@1@S@A landslide engulfed a hillside slum in Sao Paulo, Brazil, and at least 20 people, most of them children, were missing and feared dead.@@@@1@24@@oe@2-2-2013
21044035@unknown@formal@none@1@S@The city's mayor vowed to take legal action against developers who had been excavating at the crest of the hill.@@@@1@20@@oe@2-2-2013
21044036@unknown@formal@none@1@S@Czechoslovakia's premier said he supports broad political and economic restructuring, but ruled out any dialogue between Prague's Communist government and independent human-rights or dissident groups.@@@@1@25@@oe@2-2-2013
21044037@unknown@formal@none@1@S@Ladislav Adamec, ending a two-day visit to Austria, pledged changes in Czechoslovakia, including freer travel to the West.@@@@1@18@@oe@2-2-2013
21044038@unknown@formal@none@1@S@Died: Mary McCarthy, 77, novelist and literary critic, in New York City, of cancer. . . .@@@@1@17@@oe@2-2-2013
21044039@unknown@formal@none@1@S@Marion Harper, 73, founder and ex-chief executive of Interpublic Group of Cos., in Oklahoma City, of a heart attack.@@@@1@19@@oe@2-2-2013
21045001@unknown@formal@none@1@S@Adolph Coors Co. said William K. Coors, chairman, assumed the additional responsibilities of president, succeeding Jeffrey H. Coors.@@@@1@18@@oe@2-2-2013
21045002@unknown@formal@none@1@S@Jeffrey Coors, 44 years old, had been president since 1985, when he succeeded his father Joseph in the job.@@@@1@19@@oe@2-2-2013
21045003@unknown@formal@none@1@S@But the brewer said Jeffrey Coors voluntarily gave up the position to focus more of his energy on Coors Technology Co., a small unit of Coors he has run for several years.@@@@1@32@@oe@2-2-2013
21045004@unknown@formal@none@1@S@A Coors spokesman said the company doesn't believe the move will further increase William Coors's influence or reduce the influence of Jeffrey Coors, Peter Coors or Joseph Coors Jr., who run the company's three operating units.@@@@1@36@@oe@2-2-2013
21045005@unknown@formal@none@1@S@"It certainly wasn't intended to be a demotion," the spokesman said.@@@@1@11@@oe@2-2-2013
21045006@unknown@formal@none@1@S@"Pete and Jeff and Joe Jr. have taken over the reins and are doing most of the work.@@@@1@18@@oe@2-2-2013
21045007@unknown@formal@none@1@S@We don't think this will affect that."@@@@1@7@@oe@2-2-2013
21045008@unknown@formal@none@1@S@Jeffrey, Peter and Joseph Jr. are brothers.@@@@1@7@@oe@2-2-2013
21045009@unknown@formal@none@1@S@William Coors is their uncle.@@@@1@5@@oe@2-2-2013
21045010@unknown@formal@none@1@S@Jeffrey, Peter, Joseph Jr., William and Joseph Sr. constitute the company's board.@@@@1@12@@oe@2-2-2013
21045011@unknown@formal@none@1@S@Peter Coors runs the Coors Brewing Co. unit, the nation's fourth-largest brewery that accounted for $1.24 billion of Adolph Coors's $1.52 billion in 1988 sales.@@@@1@25@@oe@2-2-2013
21045012@unknown@formal@none@1@S@Joseph Jr. runs Coors Ceramics Co., the other operating unit, which had about $150 million in 1988 sales.@@@@1@18@@oe@2-2-2013
21046001@unknown@formal@none@1@S@Dun & Bradstreet Corp. said business failures fell 17.8% to 11,586 in the third quarter from 14,099 in the year-earlier period.@@@@1@21@@oe@2-2-2013
21046002@unknown@formal@none@1@S@In the first nine months of this year, business failures dropped 15.6% to 37,820 from 44,796.@@@@1@16@@oe@2-2-2013
21046003@unknown@formal@none@1@S@Except for a few spots, notably Georgia, Virginia and Michigan, failures declined almost across the board, according to the business information services company.@@@@1@23@@oe@2-2-2013
21046004@unknown@formal@none@1@S@D&B defines a business failure as a company that closes with losses to creditors.@@@@1@14@@oe@2-2-2013
21046005@unknown@formal@none@1@S@The current decline in failures continues a trend begun in late 1987, D&B said.@@@@1@14@@oe@2-2-2013
21046006@unknown@formal@none@1@S@The drop accelerated in this year's third quarter, underscoring an overall lack of stress in the U.S. economy, the company said.@@@@1@21@@oe@2-2-2013
21046007@unknown@formal@none@1@S@Failures in seven of nine regional areas fell more than 10% in the nine months.@@@@1@15@@oe@2-2-2013
21046008@unknown@formal@none@1@S@The South Atlantic States were the only region to report an increase in bankruptcies, up 5.3% to 5,791 from 5,502.@@@@1@20@@oe@2-2-2013
21046009@unknown@formal@none@1@S@This occurred partly because of more competition as the number of new businesses surged.@@@@1@14@@oe@2-2-2013
21046010@unknown@formal@none@1@S@The only industry sector to report more business failures for the nine months was the finance, insurance and real-estate sector, where bankruptcies grew 8.1% to 2,046 from 1,892.@@@@1@28@@oe@2-2-2013
21046011@unknown@formal@none@1@S@The troubled savings-and-loan industry and subsequent stress in real-estate businesses fueled bankruptcies in this sector, D&B said.@@@@1@17@@oe@2-2-2013
21047001@unknown@formal@none@1@S@A major Tokyo newspaper reported that a Japanese department store concern is planning to offer about $1.3 billion to buy Bloomingdale's.@@@@1@21@@oe@2-2-2013
21047002@unknown@formal@none@1@S@Campeau Corp., the chain's owner, declined to comment on the report.@@@@1@11@@oe@2-2-2013
21047003@unknown@formal@none@1@S@A spokeswoman said Toronto-based Campeau has received "expressions of interest" in Bloomingdale's, but she declined to comment on whether any actual bids had been made.@@@@1@25@@oe@2-2-2013
21047004@unknown@formal@none@1@S@Nihon Keizai Shimbun, Japan's leading economic newspaper, reported Wednesday that Tokyu Department Store Co. is planning to team up with U.S. and Western European financing to buy the New York-based retail chain, which Campeau has put up for sale.@@@@1@39@@oe@2-2-2013
21047005@unknown@formal@none@1@S@The service didn't identify its Tokyu sources.@@@@1@7@@oe@2-2-2013
21047006@unknown@formal@none@1@S@"This is the first of many rumors we expect to hear during the sale's process," said a Bloomingdale's spokesman.@@@@1@19@@oe@2-2-2013
21047007@unknown@formal@none@1@S@"We won't comment on them."@@@@1@5@@oe@2-2-2013
21047008@unknown@formal@none@1@S@Tokyu executives weren't available for comment early Thursday morning in Tokyo.@@@@1@11@@oe@2-2-2013
21047009@unknown@formal@none@1@S@Campeau's chairman, Robert Campeau, said at its annual meeting in July that he valued Bloomingdale's at $2 billion.@@@@1@18@@oe@2-2-2013
21047010@unknown@formal@none@1@S@Among previously disclosed possible bidders is Bloomingdale's Chairman Marvin Traub, who has aligned himself with Drexel Burnham Lambert Inc. and Blackstone Group.@@@@1@22@@oe@2-2-2013
21047011@unknown@formal@none@1@S@Investment bankers in Tokyo confirmed that Tokyu Department Store is one of several Japanese companies that has been approached by representatives of a management committee headed by Bloomingdale's Mr. Traub.@@@@1@30@@oe@2-2-2013
21047012@unknown@formal@none@1@S@But they said detailed financial figures haven't been passed yet to any prospective buyers.@@@@1@14@@oe@2-2-2013
21047013@unknown@formal@none@1@S@"Nobody is going to make a real bid before the middle of November," said one investment banker familiar with the discussions in Japan.@@@@1@23@@oe@2-2-2013
21047014@unknown@formal@none@1@S@"Tokyu is one of the potential buyers who might raise its hand.@@@@1@12@@oe@2-2-2013
21047015@unknown@formal@none@1@S@But it's in very early stages still."@@@@1@7@@oe@2-2-2013
21047016@unknown@formal@none@1@S@Bloomingdale's is a 17-store chain acquired last year by Campeau in its $6.6 billion acquisition of Federated.@@@@1@17@@oe@2-2-2013
21047017@unknown@formal@none@1@S@Bloomingdale's does an estimated $1.2 billion in annual sales.@@@@1@9@@oe@2-2-2013
21047018@unknown@formal@none@1@S@The sale of Bloomingdale's is a condition of efforts by Toronto-based Olympia & York Developments Ltd. to arrange $800 million in bridge financing for Campeau, which disclosed last month that its retailing units, Federated Department Stores Inc. and Allied Stores Corp., were strapped for cash.@@@@1@45@@oe@2-2-2013
21047019@unknown@formal@none@1@S@O&Y, owned by Toronto's Reichmann family, is also supervising major restructuring and refinancing of Campeau, a Toronto-based real estate and retailing company.@@@@1@22@@oe@2-2-2013
21047020@unknown@formal@none@1@S@One executive familiar with the Bloomingdale's situation said, "No book has been issued regarding Bloomingdale's, there are no projections, so I doubt very much whether any bid has been made."@@@@1@30@@oe@2-2-2013
21047021@unknown@formal@none@1@S@Separately, a Campeau shareholder filed suit, charging Campeau, Chairman Robert Campeau and other officers with violating securities law.@@@@1@18@@oe@2-2-2013
21047022@unknown@formal@none@1@S@The suit, filed in U.S. District Court in Manhattan, seeks class-action status.@@@@1@12@@oe@2-2-2013
21047023@unknown@formal@none@1@S@The suit accuses the retailer and several of its officers of making false and misleading statements about the company's business affairs.@@@@1@21@@oe@2-2-2013
21047024@unknown@formal@none@1@S@The suit says the company failed to disclose material adverse information about its financial condition.@@@@1@15@@oe@2-2-2013
21047025@unknown@formal@none@1@S@A spokesman for the company said Campeau hasn't seen the suit and declined to comment.@@@@1@15@@oe@2-2-2013
21048001@unknown@formal@none@1@S@McCaw Cellular Communications Inc. must extend its offer for LIN Broadcasting Corp. because it has "not yet announced committed financing sufficient to complete" the bid, LIN said in New York.@@@@1@30@@oe@2-2-2013
21048002@unknown@formal@none@1@S@According to Securities and Exchange Commission rules, McCaw is required to keep its offer for the cellular-phone and broadcasting concern open for at least five business days after the announcement of the financing, LIN said.@@@@1@35@@oe@2-2-2013
21048003@unknown@formal@none@1@S@McCaw's offer is scheduled to expire tomorrow.@@@@1@7@@oe@2-2-2013
21048004@unknown@formal@none@1@S@Last week, McCaw said it obtained "firm" financing commitments from three major banks in regard to its bid to control LIN Broadcasting.@@@@1@22@@oe@2-2-2013
21048005@unknown@formal@none@1@S@The banks jointly committed $1.2 billion of financing, subject to certain conditions, McCaw said.@@@@1@14@@oe@2-2-2013
21048006@unknown@formal@none@1@S@A spokesman for McCaw said the company was "moving forward with our financing."@@@@1@13@@oe@2-2-2013
21048007@unknown@formal@none@1@S@He added that "hopefully LIN will conduct a fair auction."@@@@1@10@@oe@2-2-2013
21048008@unknown@formal@none@1@S@McCaw wants to buy 22 million shares of LIN for $125 each, or $2.75 billion, which would result in McCaw's owning 50.3% of LIN.@@@@1@24@@oe@2-2-2013
21048009@unknown@formal@none@1@S@The offer is in limbo, however, because LIN has agreed to merge its cellular-phone businesses with BellSouth Corp.@@@@1@18@@oe@2-2-2013
21048010@unknown@formal@none@1@S@In national over-the-counter trading yesterday, LIN rose 50 cents, to $109.25.@@@@1@11@@oe@2-2-2013
21049001@unknown@formal@none@1@S@NICHOLS INSTITUTE declared a 2-for-1 split of its common stock, payable Nov. 27 to stock of record Nov. 10.@@@@1@19@@oe@2-2-2013
21049002@unknown@formal@none@1@S@The clinical testing services holding company is based in San Juan Capistrano, Calif.@@@@1@13@@oe@2-2-2013
21050001@unknown@formal@none@1@S@StatesWest Airlines, Phoenix, Ariz., said it sent a more detailed merger proposal to much-larger Mesa Airlines.@@@@1@16@@oe@2-2-2013
21050002@unknown@formal@none@1@S@Farmington, N.M.-based Mesa has consistently rejected StatesWest's offers, and early this week said its board wouldn't give the proposal further consideration, calling it "vague and ill-defined" because it didn't describe the source of funds or the specific terms of StatesWest securities which were part of the offer.@@@@1@47@@oe@2-2-2013
21050003@unknown@formal@none@1@S@The new letter purports to do this, saying that in addition to $7 a share in cash, StatesWest would offer one share of new 6% convertible preferred stock of StatesWest it values at $3 a share.@@@@1@36@@oe@2-2-2013
21050004@unknown@formal@none@1@S@It also said the cash portion of the transaction would be financed with StatesWest's own cash and short-term investments, plus debt and other financing arranged through Hibbard Brown & Co., the company's investment banker.@@@@1@34@@oe@2-2-2013
21050005@unknown@formal@none@1@S@In national over-the-counter trading yesterday, Mesa closed at $7.25, up 25 cents.@@@@1@12@@oe@2-2-2013
21050006@unknown@formal@none@1@S@StatesWest asked Mesa to repond by Oct. 31.@@@@1@8@@oe@2-2-2013
21050007@unknown@formal@none@1@S@Mesa President Larry Risley said his board had received Stateswest's most recent offer and was reviewing it.@@@@1@17@@oe@2-2-2013
21051001@unknown@formal@none@1@S@Spiegel Inc., citing continuing improvement in the apparel market, said third-quarter net income jumped 65% from the soft year-earlier period, on an 11% increase in revenue.@@@@1@26@@oe@2-2-2013
21051002@unknown@formal@none@1@S@The catalog retailer reported net income of $10.8 million, or 21 cents a share, up sharply from $6.6 million, or 13 cents a share, a year earlier.@@@@1@27@@oe@2-2-2013
21051003@unknown@formal@none@1@S@Revenue rose to $372.1 million from $336.4 million.@@@@1@8@@oe@2-2-2013
21051004@unknown@formal@none@1@S@Spiegel said margins improved because its inventory position this year didn't need the costly markdowns required to trim last year's swollen levels.@@@@1@22@@oe@2-2-2013
21051005@unknown@formal@none@1@S@A spokeswoman said the apparel market troughed in the first half of 1988, then began showing improvement in the second half of last year.@@@@1@24@@oe@2-2-2013
21051006@unknown@formal@none@1@S@"We've seen continued improvement in 1989," she said.@@@@1@8@@oe@2-2-2013
21051007@unknown@formal@none@1@S@The year-ago quarter's results were crimped by expenses associated with Spiegel's $260 million acquisition of catalog-clothing-merchandiser Eddie Bauer, Spiegel noted.@@@@1@20@@oe@2-2-2013
21051008@unknown@formal@none@1@S@In addition, the company said ongoing cost-cutting efforts contributed to the latest period's earnings upturn.@@@@1@15@@oe@2-2-2013
21051009@unknown@formal@none@1@S@Spiegel is 84%-controlled by the Otto family of West Germany.@@@@1@10@@oe@2-2-2013
21051010@unknown@formal@none@1@S@In national over-the-counter trading, the company's shares climbed 37.5 cents to $20.375.@@@@1@12@@oe@2-2-2013
21051011@unknown@formal@none@1@S@For the latest nine months, Spiegel's net climbed a solid 47% to $23.8 million, or 46 cents a share, from $16.2 million, or 34 cents.@@@@1@25@@oe@2-2-2013
21051012@unknown@formal@none@1@S@Unlike the quarter's results, which were based on roughly equal shares outstanding, nine-month per-share figures reflect an increase in average common shares outstanding to 51.9 million from 47 million.@@@@1@29@@oe@2-2-2013
21051013@unknown@formal@none@1@S@Nine-month revenue was $1.02 billion, up 22% from $841.5 million.@@@@1@10@@oe@2-2-2013
21052001@unknown@formal@none@1@S@The bad news in the junk bond market yesterday was that TW Services, a group of restaurant chains, became the latest prospective issuer to get a cold shoulder from bond buyers.@@@@1@31@@oe@2-2-2013
21052002@unknown@formal@none@1@S@The good news -- to fans of stable credit, at least -- is what the rejection says about the state of mind of junk buyers.@@@@1@25@@oe@2-2-2013
21052003@unknown@formal@none@1@S@Apparently they are learning to say no to excess risk.@@@@1@10@@oe@2-2-2013
21052004@unknown@formal@none@1@S@Coniston Partners, which with related entities controls 80% of TW, had been planning to sell $1.15 billion of junk bonds, among other things to finance their acquisition of the remaining public shares.@@@@1@32@@oe@2-2-2013
21052005@unknown@formal@none@1@S@But Coniston, a New York partnership managed by the firm of Gollust, Tierney & Oliver, yesterday announced that "in view of unsettled conditions in securities markets" the offering would be postponed and restructured.@@@@1@33@@oe@2-2-2013
21052006@unknown@formal@none@1@S@What wasn't mentioned is that Coniston and its investment banker, Donaldson, Lufkin & Jenrette, just completed a two-week "road show" for the purpose of marketing the bonds.@@@@1@27@@oe@2-2-2013
21052007@unknown@formal@none@1@S@And investors, at least for now, took a pass.@@@@1@9@@oe@2-2-2013
21052008@unknown@formal@none@1@S@TW's junk bonds weren't, as junk bonds go, unusually weak.@@@@1@10@@oe@2-2-2013
21052009@unknown@formal@none@1@S@Its fast-food restaurants -- including Denny's, Hardee's, Quincy's and El Pollo Loco ("the only significant fast-food chain to specialize in char-broiled chicken") -- are stable, recession-resistant and growing.@@@@1@28@@oe@2-2-2013
21052010@unknown@formal@none@1@S@But unless they continued to grow, TW, based in Paramus, N.J., would have run into trouble.@@@@1@16@@oe@2-2-2013
21052011@unknown@formal@none@1@S@Until recently, such buy-now, pray-for-growth-later deals were routine.@@@@1@8@@oe@2-2-2013
21052012@unknown@formal@none@1@S@"But people don't buy anything on expectation anymore," says Jack Utter, who manages the high-yield fund of IDS Financial Services.@@@@1@20@@oe@2-2-2013
21052013@unknown@formal@none@1@S@"Investors," he adds, "are getting religion."@@@@1@6@@oe@2-2-2013
21052014@unknown@formal@none@1@S@The TW buy-out may yet be financed.@@@@1@7@@oe@2-2-2013
21052015@unknown@formal@none@1@S@"There is nothing wrong with the company," says Coniston principal Paul Tierney.@@@@1@12@@oe@2-2-2013
21052016@unknown@formal@none@1@S@The rub, he says, is that "the junk market isn't as deep" as before.@@@@1@14@@oe@2-2-2013
21052017@unknown@formal@none@1@S@TW's stockholder meeting was postponed from tomorrow to Nov. 21.@@@@1@10@@oe@2-2-2013
21052018@unknown@formal@none@1@S@By then, DLJ hopes to be able to sell less-junky junk bonds.@@@@1@12@@oe@2-2-2013
21052019@unknown@formal@none@1@S@Gollust, Tierney & Oliver is likely to contribute more than the $120 million in equity it had planned on.@@@@1@19@@oe@2-2-2013
21052020@unknown@formal@none@1@S@Banks may contribute more senior debt.@@@@1@6@@oe@2-2-2013
21052021@unknown@formal@none@1@S@And the total amount of junk financing will be reduced.@@@@1@10@@oe@2-2-2013
21052022@unknown@formal@none@1@S@A DLJ banker, putting a best possible face on it, asserts that "very few people said they didn't like the credit quality.@@@@1@22@@oe@2-2-2013
21052023@unknown@formal@none@1@S@People said they didn't think a billion-dollar deal would trade."@@@@1@10@@oe@2-2-2013
21052024@unknown@formal@none@1@S@But trading risk stems from credit risk.@@@@1@7@@oe@2-2-2013
21052025@unknown@formal@none@1@S@And by adding equity, DLJ would seem to be acknowledging that credit risk was a concern.@@@@1@16@@oe@2-2-2013
21052026@unknown@formal@none@1@S@Indeed, the DLJ banker says, in the reborn capital structure cash coverage of interest "will meaningfully improve."@@@@1@17@@oe@2-2-2013
21052027@unknown@formal@none@1@S@As he sums it up: "We are listening to the market."@@@@1@11@@oe@2-2-2013
21052028@unknown@formal@none@1@S@What is it, to borrow a term from Coniston, that so unsettled the market?@@@@1@14@@oe@2-2-2013
21052029@unknown@formal@none@1@S@Some of the same risks that were cited -- and seemingly ignored -- in dozens of previous junk offerings.@@@@1@19@@oe@2-2-2013
21052030@unknown@formal@none@1@S@The TW prospectus says that if the acquisition had been completed earlier, pretax earnings "would have been insufficient to cover its fixed charges, including interest on debt securities," by approximately $62.7 million in the first six months of 1989.@@@@1@39@@oe@2-2-2013
21052031@unknown@formal@none@1@S@TW notes, as many junk issuers do, that "adjusted to eliminate non-cash charges" TW would have run a cash surplus -- in this case, of $56 million over six months.@@@@1@30@@oe@2-2-2013
21052032@unknown@formal@none@1@S@But such calculations ignore the noncash charge of depreciation, taken to allow for the gradual wearing out of french friers, deterioration of stores and the like.@@@@1@26@@oe@2-2-2013
21052033@unknown@formal@none@1@S@In fact, DLJ says, the company envisions capital expenses of about $180 million a year.@@@@1@15@@oe@2-2-2013
21052034@unknown@formal@none@1@S@TW's pitch was that sales and earnings at its restaurants have risen steadily and that people won't stop eating during a downturn.@@@@1@22@@oe@2-2-2013
21052035@unknown@formal@none@1@S@But they won't necessarily eat at Denny's.@@@@1@7@@oe@2-2-2013
21052036@unknown@formal@none@1@S@The fast-food business is "intensely competitive," notes Wertheim Schroder analyst John Rohs.@@@@1@12@@oe@2-2-2013
21052037@unknown@formal@none@1@S@Prospective bond buyers noted that TW historically has prospered because it has been willing to spend aggressively on remodeling restaurants and redoing menus.@@@@1@23@@oe@2-2-2013
21052038@unknown@formal@none@1@S@"We were concerned that they weren't going to generate enough cash for capital spending and also to pay down debt," says a big investor in high-yield debt.@@@@1@27@@oe@2-2-2013
21052039@unknown@formal@none@1@S@DLJ argues that TW could, if necessary, cut capital spending, since half of what it plans to spend is for "growth," rather than maintenance.@@@@1@24@@oe@2-2-2013
21052040@unknown@formal@none@1@S@But investors noted that under the shelved offering, TW would have needed to grow to meet its debt payments.@@@@1@19@@oe@2-2-2013
21052041@unknown@formal@none@1@S@Its calculations for meeting cash charges ignore $52 million a year in interest on cash-deferred, or zero-coupon debentures -- which ultimately would have had to be paid.@@@@1@27@@oe@2-2-2013
21052042@unknown@formal@none@1@S@The prospectus notes "there can be no assurance" that future growth will continue at past levels.@@@@1@16@@oe@2-2-2013
21052043@unknown@formal@none@1@S@In the recent past, bond buyers didn't seek such assurance.@@@@1@10@@oe@2-2-2013
21052044@unknown@formal@none@1@S@Now, apparently, they do.@@@@1@4@@oe@2-2-2013
21052045@unknown@formal@none@1@S@TW Services@@@@1@2@@oe@2-2-2013
21052046@unknown@formal@none@1@S@(NYSE; Symbol: TW)@@@@1@3@@oe@2-2-2013
21052047@unknown@formal@none@1@S@Business: Restaurants@@@@1@2@@oe@2-2-2013
21052048@unknown@formal@none@1@S@Year ended Dec. 31, 1988*@@@@1@5@@oe@2-2-2013
21052049@unknown@formal@none@1@S@Revenue: $3.57 billion@@@@1@3@@oe@2-2-2013
21052050@unknown@formal@none@1@S@Net Income: $66.9 million; $1.36 a share**@@@@1@7@@oe@2-2-2013
21052051@unknown@formal@none@1@S@Third quarter, Sept. 30, 1989: (Net Loss: 7 cents share) vs. net income: 51 cents a share@@@@1@17@@oe@2-2-2013
21052052@unknown@formal@none@1@S@Average daily trading volume: 179,032 shares@@@@1@6@@oe@2-2-2013
21052053@unknown@formal@none@1@S@Common shares outstanding: 49 million@@@@1@5@@oe@2-2-2013
21052054@unknown@formal@none@1@S@*Includes results of Denny's Inc., acquired in September@@@@1@8@@oe@2-2-2013
21052055@unknown@formal@none@1@S@**Includes $9 million write-down of assets and takeover defense costs.@@@@1@10@@oe@2-2-2013
21053001@unknown@formal@none@1@S@Maggie Thatcher must be doing something right; her political enemies are screaming louder than ever.@@@@1@15@@oe@2-2-2013
21053002@unknown@formal@none@1@S@Mrs. Thatcher, who was practicing the read-my-lips school of politics years before Mr. Bush encountered it, has made clear her opposition to refashioning Britain's free-market policies to suit the bureaucrats in Brussels.@@@@1@32@@oe@2-2-2013
21053003@unknown@formal@none@1@S@In return, Mrs. Thatcher is excoriated from Fleet Street to Paris as an obstructionist.@@@@1@14@@oe@2-2-2013
21053004@unknown@formal@none@1@S@Well, it now turns out that Mrs. Thatcher had to travel across the globe to the 49-member Commonwealth summit in Kuala Lumpur to discomfit the Holy Order of Consensus Builders.@@@@1@30@@oe@2-2-2013
21053005@unknown@formal@none@1@S@"A disastrous farce in Malaysia," screamed the Manchester Guardian.@@@@1@9@@oe@2-2-2013
21053006@unknown@formal@none@1@S@"She can no longer be trusted to behave in a civilised -- that is unflaky -- fashion when abroad."@@@@1@19@@oe@2-2-2013
21053007@unknown@formal@none@1@S@Egad.@@@@1@1@@oe@2-2-2013
21053008@unknown@formal@none@1@S@Canada's Brian Mulroney and Australia's Bob Hawke, the paper said, were "enraged."@@@@1@12@@oe@2-2-2013
21053009@unknown@formal@none@1@S@The London Times said she had "contravened protocol."@@@@1@8@@oe@2-2-2013
21053010@unknown@formal@none@1@S@As usual, her sin was saying what she thought.@@@@1@9@@oe@2-2-2013
21053011@unknown@formal@none@1@S@She issued a separate statement, separating herself from a Commonwealth document reasserting the political value of imposing sanctions against South Africa.@@@@1@21@@oe@2-2-2013
21053012@unknown@formal@none@1@S@While supporting the Commonwealth "in utterly condemning apartheid," her statement urged it to "encourage change" rather than inflict further punishment on the country's black population.@@@@1@25@@oe@2-2-2013
21053013@unknown@formal@none@1@S@Actually there is a consensus somewhere on sanctions: In May a Gallup Poll found that most South African blacks, 85%, oppose economic sanctions.@@@@1@23@@oe@2-2-2013
21053014@unknown@formal@none@1@S@Still, Mrs. Thatcher had once again gone against the grain.@@@@1@10@@oe@2-2-2013
21053015@unknown@formal@none@1@S@Malaysia's Prime Minister Mahathir Mohamad sniffed, "If everybody else puts out their left foot and you put out your right foot, you are out of step."@@@@1@26@@oe@2-2-2013
21053016@unknown@formal@none@1@S@Mrs. Thatcher: "If it's one against 48, I'm very sorry for the 48."@@@@1@13@@oe@2-2-2013
21053017@unknown@formal@none@1@S@If indeed Mrs. Thatcher has one opponent that could throw her off political course it is Britain's mysteriously intractable inflation problem.@@@@1@21@@oe@2-2-2013
21053018@unknown@formal@none@1@S@We cannot, however, join the political chorus that as one proclaims how offputting it is that Mrs. Thatcher refuses to get along by going along.@@@@1@25@@oe@2-2-2013
21053019@unknown@formal@none@1@S@It is refreshing to see at least one world figure who knows what she believes in and is not inclined to reflexively compromise those beliefs.@@@@1@25@@oe@2-2-2013
21053020@unknown@formal@none@1@S@Perhaps Mrs. Thatcher understands better than those distressed at her style that ultimately history and Britain's voters will decide who is right about Europe, sanctioning South Africa or running Britain's economy.@@@@1@31@@oe@2-2-2013
21054001@unknown@formal@none@1@S@Follow With Care@@@@1@3@@oe@2-2-2013
21054002@unknown@formal@none@1@S@"Work hard, play hard" is advice Best taken with some caution, For it can bring fitness and success Or a state of total exhaustion.@@@@1@24@@oe@2-2-2013
21054003@unknown@formal@none@1@S@-- Edward F. Dempsey.@@@@1@4@@oe@2-2-2013
21054004@unknown@formal@none@1@S@Double Check@@@@1@2@@oe@2-2-2013
21054005@unknown@formal@none@1@S@The guest paid his bill at the resort hotel, and as he departed he noticed a sign saying, "Have You Left Anything?"@@@@1@22@@oe@2-2-2013
21054006@unknown@formal@none@1@S@The man went back and spoke to the desk clerk: "That sign is wrong," he said.@@@@1@16@@oe@2-2-2013
21054007@unknown@formal@none@1@S@"It should read, "Have You Anything Left?"@@@@1@7@@oe@2-2-2013
21054008@unknown@formal@none@1@S@-- Sam Ewing.@@@@1@3@@oe@2-2-2013
21055001@unknown@formal@none@1@S@After being trampled in Tuesday's selling stampede, the Nasdaq over-the-counter market dusted itself off and moved on in moderate trading.@@@@1@20@@oe@2-2-2013
21055002@unknown@formal@none@1@S@But while the Composite gained 1.19, to 462.89, many issues didn't participate in the advance.@@@@1@15@@oe@2-2-2013
21055003@unknown@formal@none@1@S@"It was a mixed bag," said Richard Bruno, who heads over-the-counter trading at PaineWebber.@@@@1@14@@oe@2-2-2013
21055004@unknown@formal@none@1@S@"We played catch-up in some areas, and sold off in some others."@@@@1@12@@oe@2-2-2013
21055005@unknown@formal@none@1@S@Volume totaled 132.1 million shares, which is about average for the year.@@@@1@12@@oe@2-2-2013
21055006@unknown@formal@none@1@S@Of the 4,348 issues that changed hands, 1,074 advanced and 866 declined.@@@@1@12@@oe@2-2-2013
21055007@unknown@formal@none@1@S@Big financial stocks carried the day.@@@@1@6@@oe@2-2-2013
21055008@unknown@formal@none@1@S@The Nasdaq Financial Index rose 2.09, to 454.86.@@@@1@8@@oe@2-2-2013
21055009@unknown@formal@none@1@S@Meanwhile, the Nasdaq 100 Index of the big non-financial stocks basically stood still, easing 0.12, to 452.23.@@@@1@17@@oe@2-2-2013
21055010@unknown@formal@none@1@S@Despite the Composite's advance, some trading officials are guardedly optimistic that the market is on the road to recovery.@@@@1@19@@oe@2-2-2013
21055011@unknown@formal@none@1@S@Lance Zipper, head of over-the-counter trading at Kidder Peabody, said it is difficult to make predictions based on yesterday's trading volume.@@@@1@21@@oe@2-2-2013
21055012@unknown@formal@none@1@S@The advance felt more like a technical bounce, he said.@@@@1@10@@oe@2-2-2013
21055013@unknown@formal@none@1@S@"The market acted better, but it wasn't a tremendous comeback," Mr. Zipper observed.@@@@1@13@@oe@2-2-2013
21055014@unknown@formal@none@1@S@"If we get a decent rally {today}, maybe the buyers will come back."@@@@1@13@@oe@2-2-2013
21055015@unknown@formal@none@1@S@If E.E. "Buzzy" Geduld is right, a seatbelt may come in handy during the next few sessions.@@@@1@17@@oe@2-2-2013
21055016@unknown@formal@none@1@S@The president of Herzog, Heine, Mr. Geduld expects the market to be "very choppy" for a while.@@@@1@17@@oe@2-2-2013
21055017@unknown@formal@none@1@S@"There's a lot of uncertainty out there, and it will cause a lot of swings," he said.@@@@1@17@@oe@2-2-2013
21055018@unknown@formal@none@1@S@Among active stocks, MCI Communications rose 7/8 to 43 on 2.2 million shares, Mentor Graphics added 1/8 to 16 3/8 on turnover of 1.5 million shares.@@@@1@26@@oe@2-2-2013
21055019@unknown@formal@none@1@S@Apple Computer dropped 1 1/8 to 46 1/2 on one million shares.@@@@1@12@@oe@2-2-2013
21055020@unknown@formal@none@1@S@Almost one million shares of Sun Microsystems changed hands, but the issue was unchanged at 17 3/4.@@@@1@17@@oe@2-2-2013
21055021@unknown@formal@none@1@S@Biotechnology issues were strong.@@@@1@4@@oe@2-2-2013
21055022@unknown@formal@none@1@S@Amgen advanced 1 1/2 to 56; Chiron jumped 2 to 29 3/4; Cetus gained 1 to 16 7/8 and Biogen rose 5/8 to 14 5/8.@@@@1@25@@oe@2-2-2013
21055023@unknown@formal@none@1@S@The American depositary receipts of Jaguar jumped 3/8 to 11 5/8 on turnover of 1.9 million.@@@@1@16@@oe@2-2-2013
21055024@unknown@formal@none@1@S@Ford Motor said it raised its stake in the British car maker to 12.45% of the ordinary shares outstanding.@@@@1@19@@oe@2-2-2013
21055025@unknown@formal@none@1@S@In a Securities and Exchange Commission filing, Ford said it holds 22.8 million ordinary shares.@@@@1@15@@oe@2-2-2013
21055026@unknown@formal@none@1@S@The company has said it is prepared to make a bid for all of the shares outstanding of Jaguar if British government restrictions to such a transaction are removed.@@@@1@29@@oe@2-2-2013
21055027@unknown@formal@none@1@S@Another takeover target, LIN Broadcasting, rose 1/2 to 109 1/4 on 495,000 shares.@@@@1@13@@oe@2-2-2013
21055028@unknown@formal@none@1@S@Its suitor, McCaw Cellular, also added 1/2 to 40 1/2 on 395,700 shares.@@@@1@13@@oe@2-2-2013
21055029@unknown@formal@none@1@S@Other stocks were affected by corporate earnings.@@@@1@7@@oe@2-2-2013
21055030@unknown@formal@none@1@S@Informix, which recently said third-quarter net income rose to 16 cents a share from a penny a share a year ago, gained 1 5/8 to 13 5/8 on 810,700 shares.@@@@1@30@@oe@2-2-2013
21055031@unknown@formal@none@1@S@The 1988 results included a one-time gain.@@@@1@7@@oe@2-2-2013
21055032@unknown@formal@none@1@S@Cimflex Teknowledge rose 13/16, or 39%, to 2 7/8 on volume of 494,100 shares.@@@@1@14@@oe@2-2-2013
21055033@unknown@formal@none@1@S@The maker of software products and services, which had a net loss in the 1988 third quarter, earned 200,000, or a penny a share, in this year's quarter.@@@@1@28@@oe@2-2-2013
21055034@unknown@formal@none@1@S@It was Nasdaq's biggest percentage gainer.@@@@1@6@@oe@2-2-2013
21055035@unknown@formal@none@1@S@Star States plunged 3 1/4 to 8 3/4 on 207,000 shares.@@@@1@11@@oe@2-2-2013
21055036@unknown@formal@none@1@S@The company suffered a $9 million loss in the third quarter, compared with net of $2.5 million a year earlier.@@@@1@20@@oe@2-2-2013
21055037@unknown@formal@none@1@S@Collagen dropped 2 5/8 to 15 5/8 on 428,000 shares.@@@@1@10@@oe@2-2-2013
21055038@unknown@formal@none@1@S@In its fiscal-first quarter ended Sept. 30, the biomedical-products maker earned 10 cents a share, up from eight cents a share in the 1988 quarter, which included an extraordinary credit.@@@@1@30@@oe@2-2-2013
21055039@unknown@formal@none@1@S@Occupational-Urgent Care Health fell 1 3/4 to 15 1/2 on 354,000 shares.@@@@1@12@@oe@2-2-2013
21055040@unknown@formal@none@1@S@The company's third-quarter earnings also rose to 10 cents a share from eight cents a share a year ago.@@@@1@19@@oe@2-2-2013
21056001@unknown@formal@none@1@S@Companies listed below reported quarterly profit substantially different from the average of analysts' estimates.@@@@1@14@@oe@2-2-2013
21056002@unknown@formal@none@1@S@The companies are followed by at least three analysts, and had a minimum five-cent change in actual earnings per share.@@@@1@20@@oe@2-2-2013
21056003@unknown@formal@none@1@S@Estimated and actual results involving losses are omitted.@@@@1@8@@oe@2-2-2013
21056004@unknown@formal@none@1@S@The percent difference compares actual profit with the 30-day estimate where at least three analysts have issues forecasts in the past 30 days.@@@@1@23@@oe@2-2-2013
21056005@unknown@formal@none@1@S@Otherwise, actual profit is compared with the 300-day estimate.@@@@1@9@@oe@2-2-2013
21057001@unknown@formal@none@1@S@One day last March, CBS Sports President Neal Pilson and Olympics superagent Barry Frank met for lunch at the Lotos Club here.@@@@1@22@@oe@2-2-2013
21057002@unknown@formal@none@1@S@Mr. Frank told Mr. Pilson that Olympics officials wanted $290 million or more for TV rights to the 1994 Winter Games in Norway.@@@@1@23@@oe@2-2-2013
21057003@unknown@formal@none@1@S@The CBS official said that price sounded fine.@@@@1@8@@oe@2-2-2013
21057004@unknown@formal@none@1@S@At that price, CBS was the only player at the table when negotiations with the International Olympic Committee started in Toronto Aug. 23.@@@@1@23@@oe@2-2-2013
21057005@unknown@formal@none@1@S@Dick Pound, a committee member, began by disclosing that ABC and NBC had refused to even bid.@@@@1@17@@oe@2-2-2013
21057006@unknown@formal@none@1@S@Then, he asked Mr. Pilson to raise his offer anyway: "If we can have a number that starts with a three, you can have a dea."@@@@1@26@@oe@2-2-2013
21057007@unknown@formal@none@1@S@Mr. Pilson and his team huddled in a hallway and took just 10 minutes to return with a $300 million offer.@@@@1@21@@oe@2-2-2013
21057008@unknown@formal@none@1@S@Mr. Pound responded, "It's a deal."@@@@1@6@@oe@2-2-2013
21057009@unknown@formal@none@1@S@A beaming Mr. Pilson announced his lastest coup at a news conference that afternoon.@@@@1@14@@oe@2-2-2013
21057010@unknown@formal@none@1@S@Mr. Pilson's rivals at ABC and NBC grimaced at the price.@@@@1@11@@oe@2-2-2013
21057011@unknown@formal@none@1@S@How could CBS get pushed into outbidding itself?@@@@1@8@@oe@2-2-2013
21057012@unknown@formal@none@1@S@Well, CBS, mired in the ratings cellar and looking to sports as a way out, wanted to close the deal immediately and block its rivals from getting another chance to bid.@@@@1@31@@oe@2-2-2013
21057013@unknown@formal@none@1@S@But Mr. Pilson has been put in the uncomfortable role of setting off a bidding frenzy for sports rights, a frenzy that the networks had hoped to avoid.@@@@1@28@@oe@2-2-2013
21057014@unknown@formal@none@1@S@"The price of poker has gone up," crows Charles M. Neinas, the College Football Association's executive director.@@@@1@17@@oe@2-2-2013
21057015@unknown@formal@none@1@S@With CBS Inc. on a spending spree that may top $2.5 billion for four years of major sports events, the new bout of hyperinflation could jolt the entire broadcast business.@@@@1@30@@oe@2-2-2013
21057016@unknown@formal@none@1@S@CBS itself could run up losses of a few hundred million dollars on four years of various sports if its big gamble goes wrong.@@@@1@24@@oe@2-2-2013
21057017@unknown@formal@none@1@S@ABC, a unit of Capital Cities/ABC Inc., and General Electric Co.'s National Broadcasting Co. also risk losses if they outbid CBS for other contracts.@@@@1@24@@oe@2-2-2013
21057018@unknown@formal@none@1@S@While rights fees head skyward, ad rates won't.@@@@1@8@@oe@2-2-2013
21057019@unknown@formal@none@1@S@Advertisers already are balking at higher prices.@@@@1@7@@oe@2-2-2013
21057020@unknown@formal@none@1@S@"The networks are paying too much for rights," warns adman Paul Isacsson of Young & Rubicam.@@@@1@16@@oe@2-2-2013
21057021@unknown@formal@none@1@S@"If they ask advertisers to absorb the costs, they're likely to lose all but a few who need sports, above all."@@@@1@21@@oe@2-2-2013
21057022@unknown@formal@none@1@S@Viewers may not be cheering, either.@@@@1@6@@oe@2-2-2013
21057023@unknown@formal@none@1@S@Soaring rights fees will lead to an even greater clutter of commercials.@@@@1@12@@oe@2-2-2013
21057024@unknown@formal@none@1@S@At the same time, some sports events will move off "free" television and onto cable or pay-cable, where half the nation's TV homes can't see them.@@@@1@26@@oe@2-2-2013
21057025@unknown@formal@none@1@S@CBS has changed the rules by throwing out the old basis for sports bids -- that is, can the network alone make a profit on it?@@@@1@26@@oe@2-2-2013
21057026@unknown@formal@none@1@S@Mr. Pilson emphasizes the ancillary benefits of positive press, contented affiliate stations, enthusiastic advertisers and huge audiences that might stick around to watch other CBS programs when the game is over.@@@@1@31@@oe@2-2-2013
21057027@unknown@formal@none@1@S@The billion-dollar question is, How much are those benefits worth?@@@@1@10@@oe@2-2-2013
21057028@unknown@formal@none@1@S@Some TV people doubt they will materialize and argue that even if they do, they won't offset the multimillion-dollar deficits that CBS could run up.@@@@1@25@@oe@2-2-2013
21057029@unknown@formal@none@1@S@"As we've seen in the '80s," says Roger Werner, the president of the ESPN sports channel, "those deals can turn sour if the numbers don't work.@@@@1@26@@oe@2-2-2013
21057030@unknown@formal@none@1@S@And three years later, in a sea of red ink, the heroes can find themselves with a lot of explaining to do."@@@@1@22@@oe@2-2-2013
21057031@unknown@formal@none@1@S@CBS pursues top sports "to belie the fact that they aren't supporting affiliates, viewers and advertisers," charges Thomas H. Wyman, who was ousted as chairman of CBS Inc. after Laurence A. Tisch bought a 24.9% stake in the company and took over three years ago.@@@@1@45@@oe@2-2-2013
21057032@unknown@formal@none@1@S@"They lost the entertainment crown, and they needed one.@@@@1@9@@oe@2-2-2013
21057033@unknown@formal@none@1@S@And they've bought one."@@@@1@4@@oe@2-2-2013
21057034@unknown@formal@none@1@S@On just three big deals -- for four years of baseball and for the Olympic Winter Games in both 1992 and 1994 -- Pilson bid a total of $1.64 billion.@@@@1@30@@oe@2-2-2013
21057035@unknown@formal@none@1@S@That's well over half a billion dollars more than ABC and NBC were willing to pay.@@@@1@16@@oe@2-2-2013
21057036@unknown@formal@none@1@S@(After 1992, the winter and summer Olympics will be held two years apart, with the revised schedule beginning with the winter games in 1994 and the summer games in 1996.)@@@@1@30@@oe@2-2-2013
21057037@unknown@formal@none@1@S@Now, Mr. Pilson -- a former college basketball player who says a good negotiator needs "a level offocus and intellectual attention" similar to a good athlete-s is facing the consequences of his own aggressiveness.@@@@1@34@@oe@2-2-2013
21057038@unknown@formal@none@1@S@Next month, talks will begin on two coveted CBS contracts, for the pro and college basketball finals.@@@@1@17@@oe@2-2-2013
21057039@unknown@formal@none@1@S@CBS is likely to spend whatever it takes to keep them.@@@@1@11@@oe@2-2-2013
21057040@unknown@formal@none@1@S@The potential bill: more than $600 million for several seasons, an 80% jump.@@@@1@13@@oe@2-2-2013
21057041@unknown@formal@none@1@S@A few months later, CBS's college and pro football contracts come up for renewal; they could go for close to $100 million more than CBS now pays, a 40% to 50% rise.@@@@1@32@@oe@2-2-2013
21057042@unknown@formal@none@1@S@"What happens to those two basketball contracts will shape the next five years of network sports," says Peter Lund, a former CBS Sports president now at Multimedia Inc.@@@@1@28@@oe@2-2-2013
21057043@unknown@formal@none@1@S@J. William Grimes, former president of ESPN, says NBC may "come in with a huge bid for college basketball to take it away from CBS and say, 'We can overbid, too.'@@@@1@31@@oe@2-2-2013
21057044@unknown@formal@none@1@S@And the winners will be the colleges, not either network.@@@@1@10@@oe@2-2-2013
21057045@unknown@formal@none@1@S@Nor, by the way, advertisers."@@@@1@5@@oe@2-2-2013
21057046@unknown@formal@none@1@S@Mr. Pilson is an unlikely big spender.@@@@1@7@@oe@2-2-2013
21057047@unknown@formal@none@1@S@In the mid-1980s, after ABC had just bid a record $309 million for the 1988 Winter Games, he sniped at rivals for paying reckless prices.@@@@1@25@@oe@2-2-2013
21057048@unknown@formal@none@1@S@"I love Pilson, but he was the guy who complained most bitterly and loudly," says Robert Wussler, a former CBS Sports president.@@@@1@22@@oe@2-2-2013
21057049@unknown@formal@none@1@S@"And yet his company is one reason why rights are so high today."@@@@1@13@@oe@2-2-2013
21057050@unknown@formal@none@1@S@Rivals carp at "the principle of Pilson," as NBC's Arthur Watson once put it -- "he's always expounding that rights are too high, then he's going crazy."@@@@1@27@@oe@2-2-2013
21057051@unknown@formal@none@1@S@But the 49-year-old Mr. Pilson is hardly a man to ignore the numbers.@@@@1@13@@oe@2-2-2013
21057052@unknown@formal@none@1@S@A Yale law school graduate, he began his career in corporate law and then put in years at Metromedia Inc. and the William Morris talent agency.@@@@1@26@@oe@2-2-2013
21057053@unknown@formal@none@1@S@In 1976, he joined CBS Sports to head business affairs and, five years later, became its president.@@@@1@17@@oe@2-2-2013
21057054@unknown@formal@none@1@S@Mr. Pilson says that when he spoke out a few years ago, "I didn't say forever, and I didn't say every property."@@@@1@22@@oe@2-2-2013
21057055@unknown@formal@none@1@S@The market changed, he adds.@@@@1@5@@oe@2-2-2013
21057056@unknown@formal@none@1@S@And he isn't the only big spender: NBC will pay a record $401 million for the 1992 Summer Games, and ESPN, 80%-owned by Capital Cities/ABC, will shell out $400 million for four years of baseball, airing 175 regular-season games a year.@@@@1@41@@oe@2-2-2013
21057057@unknown@formal@none@1@S@"Our competitors say we overbid them.@@@@1@6@@oe@2-2-2013
21057058@unknown@formal@none@1@S@Who cares?@@@@1@2@@oe@2-2-2013
21057059@unknown@formal@none@1@S@Maybe we recognize values the other guys don't," Mr. Pilson says.@@@@1@11@@oe@2-2-2013
21057060@unknown@formal@none@1@S@Mr. Pilson's "Major Events" strategy jelled after Mr. Tisch took over.@@@@1@11@@oe@2-2-2013
21057061@unknown@formal@none@1@S@Mr. Pilson recalls that in April 1986, after CBS's annual meeting in Philadelphia, he and Mr. Tisch took the 90-minute train ride back to New York, and Mr. Pilson used this extended private audience to outline his ambitions.@@@@1@38@@oe@2-2-2013
21057062@unknown@formal@none@1@S@Mr. Tisch, a billionaire in hotels and finance, was just learning the TV business.@@@@1@14@@oe@2-2-2013
21057063@unknown@formal@none@1@S@Five months later, Mr. Tisch took over as CBS's chief executive, and soon he was wielding sole approval each time Mr. Pilson scribbled a frighteningly large figure on a slip of paper, sealed it in an envelope and gave it to sports negotiators.@@@@1@43@@oe@2-2-2013
21057064@unknown@formal@none@1@S@Then, in May 1988, Mr. Tisch urgently needed to make a bold statement to quell rumors that he might sell the network.@@@@1@22@@oe@2-2-2013
21057065@unknown@formal@none@1@S@Mr. Pilson gave him one: He bid $243 million for rights to the 1992 Winter Games in Albertville, France; ABC and NBC wouldn't bid even $200 million.@@@@1@27@@oe@2-2-2013
21057066@unknown@formal@none@1@S@That started the still-raging bidding wars.@@@@1@6@@oe@2-2-2013
21057067@unknown@formal@none@1@S@The "Major Events" strategy, Mr. Pilson says, is designed to notch a place for CBS on the crowded TV dial of the 1990s.@@@@1@23@@oe@2-2-2013
21057068@unknown@formal@none@1@S@It's also a fast fix for an ailing image.@@@@1@9@@oe@2-2-2013
21057069@unknown@formal@none@1@S@He sees flashy sports as the only way the last-place network can cut through the clutter of cable and VCRs, grab millions of new viewers and tell them about other shows premiering a few weeks later.@@@@1@36@@oe@2-2-2013
21057070@unknown@formal@none@1@S@Next October, CBS, for the first time, won't have to start the season against the much-watched American and National baseball league championships and the World Series.@@@@1@26@@oe@2-2-2013
21057071@unknown@formal@none@1@S@"I've been struggling against that for years," says Jonathan Rodgers, who runs WBBM-TV, the CBS-owned station in Chicago.@@@@1@18@@oe@2-2-2013
21057072@unknown@formal@none@1@S@Even if baseball triggers losses at CBS -- and he doesn't think it will -- "I'd rather see the games on our air than on NBC and ABC," he says.@@@@1@30@@oe@2-2-2013
21057073@unknown@formal@none@1@S@That isn't surprising.@@@@1@3@@oe@2-2-2013
21057074@unknown@formal@none@1@S@Regular TV series ratings have slumped in the past five years, and premiering new shows is "a crap shoot," Mr. Pilson says.@@@@1@22@@oe@2-2-2013
21057075@unknown@formal@none@1@S@But top sports events are still a strong bet to lure audiences 30% or 40% larger than those CBS usually gets.@@@@1@21@@oe@2-2-2013
21057076@unknown@formal@none@1@S@Mr. Pilson says baseball and the Olympics may help CBS move up to No. 2 in the household ratings race, putting pizazz back into the network's image.@@@@1@27@@oe@2-2-2013
21057077@unknown@formal@none@1@S@And the Winter Olympics will air during the February "sweeps," when ratings are used to set ad rates for local stations.@@@@1@21@@oe@2-2-2013
21057078@unknown@formal@none@1@S@That will please once-grumpy affiliates -- another aim of the Pilson plan.@@@@1@12@@oe@2-2-2013
21057079@unknown@formal@none@1@S@They gleefully await the "dream season" in 1990.@@@@1@8@@oe@2-2-2013
21057080@unknown@formal@none@1@S@CBS will air the Super Bowl, baseball playoffs, college and pro basketball finals and other premier sports events.@@@@1@18@@oe@2-2-2013
21057081@unknown@formal@none@1@S@"It's made me more committed to CBS," says Philip A. Jones, the president of Meredith Corp.'s broadcast group, which has two CBS affiliates.@@@@1@23@@oe@2-2-2013
21057082@unknown@formal@none@1@S@The CBS plan to use big-time sports as a platform for other series carries no guarantee of success, however.@@@@1@19@@oe@2-2-2013
21057083@unknown@formal@none@1@S@No amount of hype will bring viewers back if the shows are weak.@@@@1@13@@oe@2-2-2013
21057084@unknown@formal@none@1@S@"In this market of 40 channels, sophisticated viewers and the remote control, trial isn't a guarantee of anything," ESPN's Mr. Werner says.@@@@1@22@@oe@2-2-2013
21057085@unknown@formal@none@1@S@"If the show ain't a killer, they're gone."@@@@1@8@@oe@2-2-2013
21057086@unknown@formal@none@1@S@During the 1984 Summer Games, for example, ABC touted "Call to Glory," but the military drama was missing in action within weeks.@@@@1@22@@oe@2-2-2013
21057087@unknown@formal@none@1@S@Last October, during the 1988 Summer Games, NBC relentlessly pitched a new series, "Tattingers."@@@@1@14@@oe@2-2-2013
21057088@unknown@formal@none@1@S@It belly-flopped anyway.@@@@1@3@@oe@2-2-2013
21057089@unknown@formal@none@1@S@Moreover, sports is hardly the best way to lure adult women.@@@@1@11@@oe@2-2-2013
21057090@unknown@formal@none@1@S@Though CBS might move up to No. 2 in household ratings, most advertisers buy based on ratings for women aged 18 to 49.@@@@1@23@@oe@2-2-2013
21057091@unknown@formal@none@1@S@CBS may remain a distant No. 3 in that regard.@@@@1@10@@oe@2-2-2013
21057092@unknown@formal@none@1@S@Nor is CBS a shoo-in to get blockbuster ratings.@@@@1@9@@oe@2-2-2013
21057093@unknown@formal@none@1@S@In recent years, the World Series and the Olympics were aired against CBS's last-place lineup.@@@@1@15@@oe@2-2-2013
21057094@unknown@formal@none@1@S@But CBS will put the athletes up against Bill Cosby, "Cheers" and other shows in NBC's No. 1 schedule.@@@@1@19@@oe@2-2-2013
21057095@unknown@formal@none@1@S@Even the boon to affiliate relations may be limited.@@@@1@9@@oe@2-2-2013
21057096@unknown@formal@none@1@S@The sports lineup may add only 1% to 5% to a station's annual profits.@@@@1@14@@oe@2-2-2013
21057097@unknown@formal@none@1@S@It alone isn't likely to stop a station from dumping CBS shows.@@@@1@12@@oe@2-2-2013
21057098@unknown@formal@none@1@S@"The World Series, seven nights, wasn't enough of an incentive," says Arnold Klinsky of WHEC-TV in Rochester, which dropped CBS for NBC six weeks ago.@@@@1@25@@oe@2-2-2013
21057099@unknown@formal@none@1@S@"You've got to judge where the network will be in three years."@@@@1@12@@oe@2-2-2013
21057100@unknown@formal@none@1@S@The intangible benefits may prove extremely costly if CBS can't avoid big losses on the sports coverage itself.@@@@1@18@@oe@2-2-2013
21057101@unknown@formal@none@1@S@And avoiding such losses will take a monumental effort.@@@@1@9@@oe@2-2-2013
21057102@unknown@formal@none@1@S@On the $1.06 billion baseball agreement alone, CBS is likely to lose $250 million in four years, contends Mr. Wussler, the former CBS man, now at Comsat Inc.@@@@1@28@@oe@2-2-2013
21057103@unknown@formal@none@1@S@Nevertheless, he deems the deal "plain smart" for its huge promotional value.@@@@1@12@@oe@2-2-2013
21057104@unknown@formal@none@1@S@Mr. Pilson calls that loss estimate "wildly inaccurate," conceding only that CBS will lose money on baseball in the first year.@@@@1@21@@oe@2-2-2013
21057105@unknown@formal@none@1@S@"It's too early to tell" what happens after that, he says.@@@@1@11@@oe@2-2-2013
21057106@unknown@formal@none@1@S@But Mr. Tisch expects losses in all four years of the contract, he told U.S. senators last June.@@@@1@18@@oe@2-2-2013
21057107@unknown@formal@none@1@S@CBS will pay an average of $82 million more each year than ABC and NBC had paid together -- and those two networks expect losses on baseball this season.@@@@1@29@@oe@2-2-2013
21057108@unknown@formal@none@1@S@Yet CBS will air only 12 regular-season games, 26 fewer than ABC and NBC.@@@@1@14@@oe@2-2-2013
21057109@unknown@formal@none@1@S@That has outraged some fans.@@@@1@5@@oe@2-2-2013
21057110@unknown@formal@none@1@S@It also indicates a $50 million drop in ad sales for regular-season games -- a risk CBS took to get an unprecedented lock on all playoff games.@@@@1@27@@oe@2-2-2013
21057111@unknown@formal@none@1@S@If the playoffs end in four-game sweeps, losses could soar.@@@@1@10@@oe@2-2-2013
21057112@unknown@formal@none@1@S@Advertisers are resisting higher prices, which would help close the gap.@@@@1@11@@oe@2-2-2013
21057113@unknown@formal@none@1@S@CBS signed General Motors and Toyota to be the only auto-maker sponsors in baseball for four years.@@@@1@17@@oe@2-2-2013
21057114@unknown@formal@none@1@S@Price: $265 million.@@@@1@3@@oe@2-2-2013
21057115@unknown@formal@none@1@S@But ad executives who negotiated the deal say that works out to only $275,000 for a 30-second ad in the World Series through 1993 -- 17% less than what ABC is charging for the Series this month.@@@@1@37@@oe@2-2-2013
21057116@unknown@formal@none@1@S@Moreover, "there's no question ad rates will come down considerably" from the GM-Toyota price, says Arnold Chase of Bozell Inc.@@@@1@20@@oe@2-2-2013
21057117@unknown@formal@none@1@S@Other admen, however, say rates could rise later if ad spending surges.@@@@1@12@@oe@2-2-2013
21057118@unknown@formal@none@1@S@The Winter Games outlook also is mixed.@@@@1@7@@oe@2-2-2013
21057119@unknown@formal@none@1@S@CBS expects to make modest profits, but rivals contend that it will take a beating.@@@@1@15@@oe@2-2-2013
21057120@unknown@formal@none@1@S@ABC lost $75 million on the 1988 Winter Games, partly because of its $309 million rights fee.@@@@1@17@@oe@2-2-2013
21057121@unknown@formal@none@1@S@It aired 94.5 hours of mostly live events in Calgary -- helping raise ratings slightly from 1984 -- but still failed to deliver the audience promised to advertisers.@@@@1@28@@oe@2-2-2013
21057122@unknown@formal@none@1@S@CBS will add 25 1/2 hours to that load in 1992, and ratings could be hurt by a lack of live events.@@@@1@22@@oe@2-2-2013
21057123@unknown@formal@none@1@S@All prime-time fare will be on tape-delay because of time differences with Norway, so the results can be announced on the 6 o'clock news.@@@@1@24@@oe@2-2-2013
21057124@unknown@formal@none@1@S@(Turner Broadcasting will pay CBS $25 million to air 50 hours of CBS coverage plus 50 hours of additional events.)@@@@1@20@@oe@2-2-2013
21057125@unknown@formal@none@1@S@Barry Frank, the agent who took Mr. Pilson to lunch last March, says that even if CBS loses, say, $10 million, it matters little.@@@@1@24@@oe@2-2-2013
21057126@unknown@formal@none@1@S@"Ten million ain't jack, man, when you got $3 billion sitting in the bank," says Mr. Frank, senior vice president at International Management Group, citing CBS's enormous cash reserves from selling off various businesses.@@@@1@34@@oe@2-2-2013
21057127@unknown@formal@none@1@S@"It doesn't mean anything -- it's public-relations money."@@@@1@8@@oe@2-2-2013
21057128@unknown@formal@none@1@S@Moreover, sports has "claimed its place" as a guaranteed ratings-getter, says David J. Stern, the commissioner of the National Basketball Association.@@@@1@21@@oe@2-2-2013
21057129@unknown@formal@none@1@S@"This isn't outlandish bidding; this is a situation of very careful businessmen making judgments about the worth of product and acting on it. . . .@@@@1@26@@oe@2-2-2013
21057130@unknown@formal@none@1@S@I would tend to trust their judgment."@@@@1@7@@oe@2-2-2013
21057131@unknown@formal@none@1@S@That's easy for him to say: CBS's four-year NBA pact, now at $176 million for four years, could double in price by the time his talks with Mr. Pilson are completed later this month.@@@@1@34@@oe@2-2-2013
21057132@unknown@formal@none@1@S@That would cut into CBS's slim margin for profit -- and error.@@@@1@12@@oe@2-2-2013
21057133@unknown@formal@none@1@S@CBS Sports earned $50 million or so last year.@@@@1@9@@oe@2-2-2013
21057134@unknown@formal@none@1@S@And CBS takes in the least money in prime time; ABC and NBC charge 30% to 35% more for ads, according to a Variety survey.@@@@1@25@@oe@2-2-2013
21057135@unknown@formal@none@1@S@But CBS's costs are huge, and the risks go up with each new sports package that CBS locks up.@@@@1@19@@oe@2-2-2013
21057136@unknown@formal@none@1@S@Although sports officials predict jumps of 50% to 100% in the major contracts coming up for renewal, ad rates may rise only 20%.@@@@1@23@@oe@2-2-2013
21057137@unknown@formal@none@1@S@CBS hopes to save money by ordering fewer episodes of regular series because sports will fill up a few weeks of prime time.@@@@1@23@@oe@2-2-2013
21057138@unknown@formal@none@1@S@But the savings will be minuscule.@@@@1@6@@oe@2-2-2013
21057139@unknown@formal@none@1@S@Each hour of Olympics and baseball in prime time will cost CBS $2.6 million to $2.8 million; an hour-long drama costs only $900,000, and it is aired twice.@@@@1@28@@oe@2-2-2013
21057140@unknown@formal@none@1@S@CBS may cushion losses with about $200 million a year in interest earned on the proceeds from selling CBS Records and other businesses.@@@@1@23@@oe@2-2-2013
21057141@unknown@formal@none@1@S@But media-stock analyst Richard J. MacDonald of MacDonald Grippo Riely says Wall Street won't take kindly to that.@@@@1@18@@oe@2-2-2013
21057142@unknown@formal@none@1@S@"On a stand-alone basis, the network ought to make money," he says.@@@@1@12@@oe@2-2-2013
21057143@unknown@formal@none@1@S@When Mr. Pilson is asked directly -- can you make money on all this? -- he doesn't exactly say yes.@@@@1@20@@oe@2-2-2013
21057144@unknown@formal@none@1@S@"What you're really asking is, Are the profit and loss margins anticipated on the events acceptable to management?" he says.@@@@1@20@@oe@2-2-2013
21057145@unknown@formal@none@1@S@Then, he answers his own question.@@@@1@6@@oe@2-2-2013
21057146@unknown@formal@none@1@S@"Yes, they are.@@@@1@3@@oe@2-2-2013
21057147@unknown@formal@none@1@S@That's the only question we need to address.@@@@1@8@@oe@2-2-2013
21058001@unknown@formal@none@1@S@Place a phone order through most any catalog and chances are the clerk who answers won't be the only one on the line.@@@@1@23@@oe@2-2-2013
21058002@unknown@formal@none@1@S@Bosses have big ears these days.@@@@1@6@@oe@2-2-2013
21058003@unknown@formal@none@1@S@Or open up an electronics magazine and peruse the ads for sneaky tape recorders and other snooping gadgets.@@@@1@18@@oe@2-2-2013
21058004@unknown@formal@none@1@S@Some would make even James Bond green with envy.@@@@1@9@@oe@2-2-2013
21058005@unknown@formal@none@1@S@Eavesdropping -- both corporate and private -- is on the rise, thanks to the proliferation of surveillance technologies.@@@@1@18@@oe@2-2-2013
21058006@unknown@formal@none@1@S@And while sellers of the equipment and companies "monitoring" employees have few qualms, right-to-privacy advocates and some lawmakers are alarmed.@@@@1@20@@oe@2-2-2013
21058007@unknown@formal@none@1@S@"New technologies are changing the way we deal with each other and the way we work," says Janlori Goldman, a staff attorney at the American Civil Liberties Union.@@@@1@28@@oe@2-2-2013
21058008@unknown@formal@none@1@S@"Our expectation of confidentiality is being eroded."@@@@1@7@@oe@2-2-2013
21058009@unknown@formal@none@1@S@On the corporate side, companies claim that monitoring employee phone conversations is both legal and necessary to gauge productivity and ensure good service.@@@@1@23@@oe@2-2-2013
21058010@unknown@formal@none@1@S@The practice is common at catalog, insurance and phone companies, banks and telemarketers, according to trade groups and worker organizations.@@@@1@20@@oe@2-2-2013
21058011@unknown@formal@none@1@S@It's also widespread for reservations clerks in the airline, car-rental, hotel and railroad industries.@@@@1@14@@oe@2-2-2013
21058012@unknown@formal@none@1@S@The Communications Workers of America, which opposes such monitoring, says supervisors listen in on an estimated 400 million calls each year.@@@@1@21@@oe@2-2-2013
21058013@unknown@formal@none@1@S@Among companies saying they monitor employees are United Airlines, American Airlines, United Parcel Service, Nynex Corp., Spiegel Inc., and the circulation department of this newspaper.@@@@1@25@@oe@2-2-2013
21058014@unknown@formal@none@1@S@Some Wall Street firms monitor for recordkeeping purposes.@@@@1@8@@oe@2-2-2013
21058015@unknown@formal@none@1@S@Dictaphone Corp. says there's a big business demand for its voice-activated taping systems, whether the sophisticated Veritrac 9000 system, which costs from $10,000 to $120,000 and can record 240 conversations simultaneously, or simple handheld units selling for $395.@@@@1@38@@oe@2-2-2013
21058016@unknown@formal@none@1@S@Businesses "want to verify information and ensure accuracy," says John Hiltunen, Dictaphone's manager of media relations.@@@@1@16@@oe@2-2-2013
21058017@unknown@formal@none@1@S@The state of Alaska recently bought the Veritrac system, he says, "to monitor the Exxon cleanup effort."@@@@1@17@@oe@2-2-2013
21058018@unknown@formal@none@1@S@Merrill Lynch & Co. and Shearson Lehman Hutton Inc. say they use voice-activated systems to record and verify orders between salesmen and traders.@@@@1@23@@oe@2-2-2013
21058019@unknown@formal@none@1@S@Shearson says it has taped some of its institutional trading desks, such as commodities and futures, for about four years.@@@@1@20@@oe@2-2-2013
21058020@unknown@formal@none@1@S@Both companies stress that employees know they are being recorded and that customer conversations aren't taped.@@@@1@16@@oe@2-2-2013
21058021@unknown@formal@none@1@S@Kidder Peabody & Co. says it monitors bond-trading conversations between brokers and customers to safeguard order accuracy.@@@@1@17@@oe@2-2-2013
21058022@unknown@formal@none@1@S@Eavesdropping by individuals is harder to measure.@@@@1@7@@oe@2-2-2013
21058023@unknown@formal@none@1@S@But devices are there for the asking, whether in stores or through the mail.@@@@1@14@@oe@2-2-2013
21058024@unknown@formal@none@1@S@The Counter Spy Shop in Washington, D.C., for instance, offers the "Secret Connection" attache case, which can surreptitiously record conversations for nine hours at a stretch.@@@@1@26@@oe@2-2-2013
21058025@unknown@formal@none@1@S@That and other fancy gizmos may cost thousands, but simple voice-activated tape recorders sell for as little as $70 at electronics stores like Radio Shack.@@@@1@25@@oe@2-2-2013
21058026@unknown@formal@none@1@S@The most common use of spying devices is in divorce cases, say private investigators.@@@@1@14@@oe@2-2-2013
21058027@unknown@formal@none@1@S@While tape recordings to uncover, say, infidelity aren't admissible in court, they can mean leverage in a settlement.@@@@1@18@@oe@2-2-2013
21058028@unknown@formal@none@1@S@Concerned with the increased availability of surveillance technology and heavier use of it, lawmakers have proposed laws addressing the issue.@@@@1@20@@oe@2-2-2013
21058029@unknown@formal@none@1@S@Nine states have introduced bills requiring that workers and customers be made aware of monitoring.@@@@1@15@@oe@2-2-2013
21058030@unknown@formal@none@1@S@And four states -- California, Florida, Michigan and Pennsylvania -- have adopted rules that all parties involved must consent when phone calls are recorded.@@@@1@24@@oe@2-2-2013
21058031@unknown@formal@none@1@S@Two bills in Congress hope to make such restrictions national.@@@@1@10@@oe@2-2-2013
21058032@unknown@formal@none@1@S@In May, Rep. Don Edwards (D. Calif.) introduced congressional legislation that would require an audible beeping during any employee monitoring, warning people that they are being heard.@@@@1@27@@oe@2-2-2013
21058033@unknown@formal@none@1@S@(The legislation is similar to a 1987 "beeper bill" that was defeated after heavy lobbying by the telemarketing industry.)@@@@1@19@@oe@2-2-2013
21058034@unknown@formal@none@1@S@Also last spring, Rep. Ron Dellums (D., Calif.), introduced a bill requiring universal two-party consent to any tapings in cases that don't involve law enforcement.@@@@1@25@@oe@2-2-2013
21058035@unknown@formal@none@1@S@In addition, products such as voice-activated tape recorders would have to include beep tones and labels explaining federal laws on eavesdropping.@@@@1@21@@oe@2-2-2013
21058036@unknown@formal@none@1@S@The outlook on both federal bills is uncertain, especially remembering the 1987 defeat.@@@@1@13@@oe@2-2-2013
21058037@unknown@formal@none@1@S@The ACLU and worker organizations back tighter laws, but employers and device manufacturers object.@@@@1@14@@oe@2-2-2013
21058038@unknown@formal@none@1@S@"I'm sympathetic with workers who feel under the gun," says Richard Barton of the Direct Marketing Association of America, which is lobbying strenuously against the Edwards beeper bill.@@@@1@28@@oe@2-2-2013
21058039@unknown@formal@none@1@S@"But the only way you can find out how your people are doing is by listening."@@@@1@16@@oe@2-2-2013
21058040@unknown@formal@none@1@S@The powerful group, which represents many of the nation's telemarketers, was instrumental in derailing the 1987 bill.@@@@1@17@@oe@2-2-2013
21058041@unknown@formal@none@1@S@Spiegel also opposes the beeper bill, saying the noise it requires would interfere with customer orders, causing irritation and even errors.@@@@1@21@@oe@2-2-2013
21058042@unknown@formal@none@1@S@Laura Dale, center manager at the catalog company's customer order center in Reno, Nev., defends monitoring.@@@@1@16@@oe@2-2-2013
21058043@unknown@formal@none@1@S@"We like to follow up and make sure operators are achieving our standards of company service," says Ms. Dale, who supervises 350 operators.@@@@1@23@@oe@2-2-2013
21058044@unknown@formal@none@1@S@John Bonomo, a Nynex spokesman, says the telephone company needs to monitor operators to evaluate performance during the first six months on the job.@@@@1@24@@oe@2-2-2013
21058045@unknown@formal@none@1@S@"Sometimes," he says, "we'll pull someone off the phones for more training."@@@@1@12@@oe@2-2-2013
21058046@unknown@formal@none@1@S@Federal wiretap statutes recognize the right of employers to monitor employees' for evaluation purposes.@@@@1@14@@oe@2-2-2013
21058047@unknown@formal@none@1@S@And in the past, Congress has viewed monitoring as an issue best handled in union negotiations.@@@@1@16@@oe@2-2-2013
21058048@unknown@formal@none@1@S@But opponents, led by the CWA, say new laws are needed because monitoring is heavily concentrated in service industries and 81% of monitored workers aren't represented by unions.@@@@1@28@@oe@2-2-2013
21058049@unknown@formal@none@1@S@The CWA claims that monitoring not only infringes on employee privacy, but increases stress.@@@@1@14@@oe@2-2-2013
21058050@unknown@formal@none@1@S@"Nine to Five," a Cleveland-based office workers organization that supports the beeper bill, six months ago started a privacy hot line to receive reports of alleged monitoring abuses.@@@@1@28@@oe@2-2-2013
21058051@unknown@formal@none@1@S@Meanwhile, supporters of the Dellums two-party consent bill say it is needed because of a giant loophole in the one-party consent law.@@@@1@22@@oe@2-2-2013
21058052@unknown@formal@none@1@S@Currently, if the person taping is a party to the conversation, it's all right to record without the knowledge of the other person on the line.@@@@1@26@@oe@2-2-2013
21058053@unknown@formal@none@1@S@(Intercepting other people's private conversations is illegal and punishable by five years in prison and fines of $10,000.)@@@@1@18@@oe@2-2-2013
21058054@unknown@formal@none@1@S@The electronics industry is closely following the Dellums bill.@@@@1@9@@oe@2-2-2013
21058055@unknown@formal@none@1@S@Some marketers of surveillance gear -- including Communication Control System Ltd., which owns the Counter Spy Shop and others like it -- already put warning labels in their catalogs informing customers of the one-party law.@@@@1@35@@oe@2-2-2013
21058056@unknown@formal@none@1@S@But vendors contend that they can't control how their products are used.@@@@1@12@@oe@2-2-2013
21058057@unknown@formal@none@1@S@Radio Shack says it has a policy against selling products if a salesperson suspects they will be used illegally.@@@@1@19@@oe@2-2-2013
21058058@unknown@formal@none@1@S@"Everything sold at Radio Shack has a legal purpose," says Bernard Appel, president of the Tandy Corp. subsidiary.@@@@1@18@@oe@2-2-2013
21058059@unknown@formal@none@1@S@He says he hasn't yet studied the Dellums bill, but that requiring a beeping tone on recorders "would be ludicrous."@@@@1@20@@oe@2-2-2013
21058060@unknown@formal@none@1@S@Still, Radio Shack is aware that some of its products are controversial.@@@@1@12@@oe@2-2-2013
21058061@unknown@formal@none@1@S@A few years ago, the company voluntarily stopped selling "The Big Ear," a powerful microphone.@@@@1@15@@oe@2-2-2013
21058062@unknown@formal@none@1@S@With its ability to pick up rustlings and flapping wings, "it was meant to be a toy for children for bird watching," says Mr. Appel.@@@@1@25@@oe@2-2-2013
21058063@unknown@formal@none@1@S@"But we were getting too many complaints that people were using them to eavesdrop on their neighbors."@@@@1@17@@oe@2-2-2013
21059001@unknown@formal@none@1@S@The hottest rivalry in the computer industry intensified sharply yesterday as Digital Equipment Corp. announced its first line of mainframe computers, targeting International Business Machines Corp.'s largest market.@@@@1@28@@oe@2-2-2013
21059002@unknown@formal@none@1@S@IBM fired back with new mainframes of its own, extending the long-dominant 3090 line with a 7% to 14% power boost.@@@@1@21@@oe@2-2-2013
21059003@unknown@formal@none@1@S@Up to now, the intense competition between IBM and Digital has been confined largely to the broad midrange of the computer market, where Digital sought to exploit IBM's weaknesses in networking.@@@@1@31@@oe@2-2-2013
21059004@unknown@formal@none@1@S@But Digital's move into mainframes will target IBM's home turf, where it has a commanding 70% share of the market.@@@@1@20@@oe@2-2-2013
21059005@unknown@formal@none@1@S@Digital, Maynard, Mass., insisted yesterday that its marketing focus would differ sharply from IBM's.@@@@1@14@@oe@2-2-2013
21059006@unknown@formal@none@1@S@"This is not your father's mainframe," said Allan McGuire, a Digital spokesman.@@@@1@12@@oe@2-2-2013
21059007@unknown@formal@none@1@S@"It's a whole new generation," he said.@@@@1@7@@oe@2-2-2013
21059008@unknown@formal@none@1@S@IBM, which gets about half its revenue and more than half its profit from mainframes, also announced upgraded operating system software that, together with the new hardware, lets customers do so-called batch processing as much as 60% faster.@@@@1@38@@oe@2-2-2013
21059009@unknown@formal@none@1@S@Batch processing is the high-volume, single-job data processing that most mainframes typically chug through at night, such as updating accounts at banks.@@@@1@22@@oe@2-2-2013
21059010@unknown@formal@none@1@S@IBM said the 16 new J and JH models will generally be available immediately, though three won't ship until the third quarter of next year.@@@@1@25@@oe@2-2-2013
21059011@unknown@formal@none@1@S@Prices on the larger models, which range as high as $13 million, generally won't change.@@@@1@15@@oe@2-2-2013
21059012@unknown@formal@none@1@S@Small models, whose performance increased as much as 46%, will carry higher prices.@@@@1@13@@oe@2-2-2013
21059013@unknown@formal@none@1@S@Upgrades to bigger models also will be costlier.@@@@1@8@@oe@2-2-2013
21059014@unknown@formal@none@1@S@Digital's VAX 9000 mainframes, which it claimed were among the fastest available, were priced from $1.2 million to $3.9 million, sharply lower than IBM models of comparable power.@@@@1@28@@oe@2-2-2013
21059015@unknown@formal@none@1@S@The first models will ship in the spring, with the largest following in the fall.@@@@1@15@@oe@2-2-2013
21059016@unknown@formal@none@1@S@Analysts were disappointed that Digital's new line apparently won't contribute much to earnings before the next fiscal year, which begins in July.@@@@1@22@@oe@2-2-2013
21059017@unknown@formal@none@1@S@Jay Stevens of Dean Witter Reynolds Inc. said he may cut his earnings estimate for the current fiscal year because he had expected at least some mainframe profit this year.@@@@1@30@@oe@2-2-2013
21059018@unknown@formal@none@1@S@But he added that he expected to raise his estimate for fiscal 1991 at the same time.@@@@1@17@@oe@2-2-2013
21059019@unknown@formal@none@1@S@After the announcement yesterday, Digital shares gained $1.25 to close at $89.875 in New York Stock Exchange composite trading.@@@@1@19@@oe@2-2-2013
21059020@unknown@formal@none@1@S@IBM shares closed at $103, down 50 cents, in Big Board trading.@@@@1@12@@oe@2-2-2013
21059021@unknown@formal@none@1@S@Analysts have predicted strong pent-up demand for the new line among Digital's customers.@@@@1@13@@oe@2-2-2013
21059022@unknown@formal@none@1@S@Large Digital buyers say the new VAX will let them stay with Digital when they need the power of a mainframe, instead of turning to IBM.@@@@1@26@@oe@2-2-2013
21059023@unknown@formal@none@1@S@"I'm convinced there's a huge market for this machine," said Stephen Smith of PaineWebber Inc.@@@@1@15@@oe@2-2-2013
21059024@unknown@formal@none@1@S@Digital also plans to compete fiercely with IBM when the giant's customers are computerizing new aspects of their businesses.@@@@1@19@@oe@2-2-2013
21059025@unknown@formal@none@1@S@Digital, however, doesn't expect to displace IBM mainframes that are already installed at big companies.@@@@1@15@@oe@2-2-2013
21059026@unknown@formal@none@1@S@In addition to commercial markets, Digital's new line targets the low end of the engineering and scientific supercomputer market, when it's packaged with an optional supercharger, known as a vector processor.@@@@1@31@@oe@2-2-2013
21059027@unknown@formal@none@1@S@Digital's push into mainframes comes at a time when its mainstay minicomputer line is under growing pressure from smaller personal computers and workstations that operate on standard operating systems rather than on the proprietary systems that older minicomputers use.@@@@1@39@@oe@2-2-2013
21059028@unknown@formal@none@1@S@Although Digital has staked out a major presence in the booming workstation market, profit margins in that market are much slimmer than for mainframes.@@@@1@24@@oe@2-2-2013
21059029@unknown@formal@none@1@S@The slow-growing mainframe market also has shown new signs of life lately.@@@@1@12@@oe@2-2-2013
21059030@unknown@formal@none@1@S@IBM's mainframe sales have held up better than expected this year, with analysts estimating they have risen 10% to 12%.@@@@1@20@@oe@2-2-2013
21059031@unknown@formal@none@1@S@"Demand for these systems has been very, very strong," said Bill Grabe, a senior IBM marketing executive.@@@@1@17@@oe@2-2-2013
21059032@unknown@formal@none@1@S@"We have a good strong backlog for the fourth quarter even without" the systems that were announced yesterday.@@@@1@18@@oe@2-2-2013
21059033@unknown@formal@none@1@S@But the 3090 line is nearly five years old -- which is getting up there in mainframe years -- and its growth is expected to slow in 1990.@@@@1@28@@oe@2-2-2013
21059034@unknown@formal@none@1@S@IBM, Armonk, N.Y., said it wanted to bring out the mainframes as soon as it could to spark as many sales as possible by the end of the year.@@@@1@29@@oe@2-2-2013
21059035@unknown@formal@none@1@S@The fourth quarter is always IBM's biggest by far, with most sales coming in December as customers seek to use budgets before year end.@@@@1@24@@oe@2-2-2013
21059036@unknown@formal@none@1@S@Still, Steve Cohen, an analyst at SoundView Financial Group Inc., said, "I don't see that this will be sufficient to give IBM a significant kick in the fourth quarter."@@@@1@29@@oe@2-2-2013
21059037@unknown@formal@none@1@S@IBM has already indicated it will have problems in the quarter, partly because of a delay in shipping a high-end disk drive and partly because the strong dollar will cut significantly the value of IBM's overseas earnings when translated into dollars.@@@@1@41@@oe@2-2-2013
21059038@unknown@formal@none@1@S@Some analysts have estimated IBM's fourth-quarter per-share earnings will fall 10% to $3.57 a share from $3.97 a share a year earlier.@@@@1@22@@oe@2-2-2013
21059039@unknown@formal@none@1@S@In addition to the new mainframe hardware and software, IBM announced a magnetic-tape system for data storage that it said occupies half as much floor space as older systems but can store five times as much data on a single cartridge.@@@@1@41@@oe@2-2-2013
21059040@unknown@formal@none@1@S@That should help IBM address the damage that a resurgent Storage Technology Corp. has inflicted in that market.@@@@1@18@@oe@2-2-2013
21060001@unknown@formal@none@1@S@Concord Camera Corp. completed the acquisition of Peter Bauser G.m.b.H., a West German photographic products distributor.@@@@1@16@@oe@2-2-2013
21060002@unknown@formal@none@1@S@Terms weren't disclosed.@@@@1@3@@oe@2-2-2013
21060003@unknown@formal@none@1@S@Concord is a camera and photographic products company.@@@@1@8@@oe@2-2-2013
21061001@unknown@formal@none@1@S@The Navy awarded Litton Industries Inc.'s Ingalls Shipbuilding division $15.5 million for shipyard services on the Aegis cruiser program.@@@@1@19@@oe@2-2-2013
21061002@unknown@formal@none@1@S@The award exercises a Navy option to extend a contract given in 1984.@@@@1@13@@oe@2-2-2013
21062001@unknown@formal@none@1@S@The White House called on Congress to attach the proposed capital-gains tax cut to its final deficit-reduction bill, but lawmakers seem likely to balk at the idea.@@@@1@27@@oe@2-2-2013
21062002@unknown@formal@none@1@S@Earlier this month, the White House endorsed stripping the controversial tax measure from the bill so that Congress could pass quickly a "clean" bill containing only provisions specifically designed to meet federal budget targets under the Gramm-Rudman act.@@@@1@38@@oe@2-2-2013
21062003@unknown@formal@none@1@S@But now that Congress has missed the legal deadline for meeting the Gramm-Rudman targets, the White House said it has returned to its original view that a capital-gains cut should be part of the deficit-reduction bill, on which Congress continues to work.@@@@1@42@@oe@2-2-2013
21062004@unknown@formal@none@1@S@"If that doesn't happen, then we press forward on another vehicle and a separate vote," said press secretary Marlin Fitzwater.@@@@1@20@@oe@2-2-2013
21062005@unknown@formal@none@1@S@On Capitol Hill, though, there doesn't seem to be sufficient sentiment to pair capital gains and the deficit-reduction bill.@@@@1@19@@oe@2-2-2013
21062006@unknown@formal@none@1@S@Texas Rep. William Archer, the ranking Republican on the House Ways and Means Committee said, "I don't see how we have the votes" to place a capital-gains tax cut there.@@@@1@30@@oe@2-2-2013
21062007@unknown@formal@none@1@S@Meanwhile, President Bush stepped up his personal lobbying for the capital-gains tax cut.@@@@1@13@@oe@2-2-2013
21062008@unknown@formal@none@1@S@The White House said he plans to hold a series of private White House meetings, mostly with Senate Democrats, to try to persuade lawmakers to fall in line behind the tax cut.@@@@1@32@@oe@2-2-2013
21062009@unknown@formal@none@1@S@The first meeting yesterday was with 10 Senate Democrats who have expressed an interest in cutting the tax.@@@@1@18@@oe@2-2-2013
21062010@unknown@formal@none@1@S@According to some who attended, the senators argued that the president should give the Democratic leaders in Congress a victory of their own to compensate them for allowing the president to win on the controversial capital-gains issue.@@@@1@37@@oe@2-2-2013
21062011@unknown@formal@none@1@S@Issues discussed in this context were an increase in the minimum wage and an increase in child-care spending.@@@@1@18@@oe@2-2-2013
21062012@unknown@formal@none@1@S@The president was said to have been noncommittal.@@@@1@8@@oe@2-2-2013
21063001@unknown@formal@none@1@S@Toshiba Corp. said its new French marketing concern has started operating under the aegis of the company's West German subsidiary, which formerly handled all sales of Toshiba electronic products in France.@@@@1@31@@oe@2-2-2013
21063002@unknown@formal@none@1@S@A recent change in French law, according to Toshiba, permitted formation of the semiconductor marketing arm in Paris.@@@@1@18@@oe@2-2-2013
21064001@unknown@formal@none@1@S@American Telephone & Telegraph Co. unveiled new optical transmission systems for data, video and voice communications.@@@@1@16@@oe@2-2-2013
21064002@unknown@formal@none@1@S@Two products in what the telecommunications giant called a new generation of such equipment are available now, AT&T said, and three others will be introduced in 1990 and 1991.@@@@1@29@@oe@2-2-2013
21064003@unknown@formal@none@1@S@The products are aimed at a market expected to total more than $1 billion a year in sales by 1995, said Morgan Buchner Jr., vice president of transmission systems for AT&T.@@@@1@31@@oe@2-2-2013
21064004@unknown@formal@none@1@S@The products already available are cross-connect systems, used instead of mazes of wiring to interconnect other telecommunications equipment.@@@@1@18@@oe@2-2-2013
21064005@unknown@formal@none@1@S@This cuts down greatly on labor, Mr. Buchner said.@@@@1@9@@oe@2-2-2013