9 21 Westinghouse Westinghouse NNP 22 30 Electric Electric NNP 31 36 Corp. Corp. NNP 36 37 , , , 38 50 capitalizing capitalize VBG 51 53 on on IN 54 55 a a DT 56 61 major major JJ 62 75 restructuring restructuring NN 76 83 program program NN 83 84 , , , 85 92 expects expect VBZ 93 102 operating operate VBG 103 110 margins margin NNS 111 113 of of IN 114 118 more more JJR 119 123 than than IN 124 126 10 10 CD 126 127 % % NN 128 131 and and CC 132 144 double-digit double-digit JJ 145 154 per-share per-share JJ 155 163 earnings earning NNS 164 170 growth growth NN 171 175 next next IN 176 180 year year NN 180 181 , , , 182 185 top top JJ 186 194 officers officer NNS 195 199 told tell VBD 200 210 securities security NNS 211 219 analysts analyst NNS 220 224 here here RB 224 225 . . . 228 232 John John NNP 233 235 C. C. NNP 236 242 Marous Marous NNP 242 243 , , , 244 252 chairman chairman NN 253 256 and and CC 257 262 chief chief JJ 263 272 executive executive NN 273 280 officer officer NN 280 281 , , , 282 286 also also RB 287 291 said say VBD 292 295 the the DT 296 303 company company NN 304 311 expects expect VBZ 312 317 sales sale NNS 318 322 from from IN 323 333 continuing continue VBG 334 344 businesses business NNS 345 347 to to TO 348 352 rise rise VB 353 356 8.5 8.5 CD 356 357 % % NN 358 366 annually annually RB 367 374 through through IN 375 378 the the DT 379 383 next next JJ 384 389 three three CD 390 395 years year NNS 395 396 . . . 399 401 In in IN 402 406 1988 1988 CD 406 407 , , , 408 411 the the DT 412 419 company company NN 420 426 earned earn VBD 427 428 $ $ $ 428 433 822.8 822.8 CD 434 441 million million CD 441 442 , , , 443 445 or or CC 446 447 $ $ $ 447 451 5.66 5.66 CD 452 453 a a DT 454 459 share share NN 459 460 , , , 461 463 on on IN 464 469 sales sale NNS 470 472 of of IN 473 474 $ $ $ 474 479 12.49 12.49 CD 480 487 billion billion CD 487 488 . . . 491 496 Since since IN 497 501 1983 1983 CD 501 502 , , , 503 515 Westinghouse Westinghouse NNP 516 519 has have VBZ 520 524 shed shed VBN 525 527 70 70 CD 528 538 businesses business NNS 539 543 that that IN 544 546 it it PRP 547 550 did do VBD 550 553 n’t n't RB 554 560 expect expect VB 561 563 to to TO 564 571 produce produce VB 572 574 10 10 CD 574 575 % % NN 576 585 operating operating NN 586 593 margins margin NNS 594 599 while while IN 600 609 acquiring acquire VBG 610 612 55 55 CD 613 623 businesses business NNS 623 624 . . . 627 629 In in IN 630 633 the the DT 634 638 past past JJ 639 641 20 20 CD 642 648 months month NNS 649 654 alone alone RB 654 655 , , , 656 660 Paul Paul NNP 661 663 E. E. NNP 664 668 Lego Lego NNP 668 669 , , , 670 679 president president NN 680 683 and and CC 684 689 chief chief NN 690 699 operating operate VBG 700 707 officer officer NN 707 708 , , , 709 713 said say VBD 714 717 the the DT 718 729 divestiture divestiture NN 730 732 of of IN 733 734 $ $ $ 734 737 300 300 CD 738 745 million million CD 746 748 of of IN 749 760 slow-growth slow-growth NN 760 761 , , , 762 772 low-profit low-profit JJ 773 783 businesses business NNS 784 787 has have VBZ 788 792 been be VBN 793 797 more more JJR 798 802 than than IN 803 809 offset offset VBN 810 812 by by IN 813 814 $ $ $ 814 817 600 600 CD 818 825 million million CD 826 828 in in IN 829 839 profitable profitable JJ 840 852 acquisitions acquisition NNS 852 853 . . . 856 868 Westinghouse Westinghouse NNP 869 876 expects expect VBZ 877 879 to to TO 880 884 meet meet VB 885 888 its its PRP$ 889 898 corporate corporate JJ 899 904 goals goal NNS 905 912 despite despite IN 913 914 a a DT 915 924 softening softening NN 925 927 in in IN 928 931 the the DT 932 939 economy economy NN 939 940 . . . 941 945 Even even RB 946 948 if if IN 949 952 the the DT 953 958 gross gross JJ 959 967 national national JJ 968 975 product product NN 976 978 is be VBZ 979 985 either either CC 986 990 flat flat JJ 991 993 or or CC 994 996 in in IN 997 1000 the the DT 1001 1007 growth growth NN 1008 1013 range range NN 1014 1016 of of IN 1017 1018 2 2 CD 1018 1019 % % NN 1020 1022 to to TO 1023 1026 2.5 2.5 CD 1026 1027 % % NN 1027 1028 , , , 1029 1030 “ `` `` 1030 1032 we we PRP 1033 1036 can can MD 1037 1043 handle handle VB 1044 1048 that that DT 1048 1049 , , , 1049 1050 ” '' '' 1051 1054 Mr. Mr. NNP 1055 1061 Marous Marous NNP 1062 1066 said say VBD 1066 1067 . . . 1068 1071 GNP GNP NNP 1072 1074 is be VBZ 1075 1078 the the DT 1079 1084 total total JJ 1085 1090 value value NN 1091 1093 of of IN 1094 1097 the the DT 1098 1104 nation nation NN 1104 1106 ’s 's POS 1107 1113 output output NN 1114 1116 of of IN 1117 1122 goods good NNS 1123 1126 and and CC 1127 1135 services service NNS 1135 1136 . . . 1139 1140 A a DT 1141 1147 bright bright JJ 1148 1152 spot spot NN 1153 1155 is be VBZ 1156 1159 the the DT 1160 1167 company company NN 1167 1169 ’s 's POS 1170 1186 power-generation power-generation NN 1187 1195 business business NN 1195 1196 , , , 1197 1202 which which WDT 1203 1205 is be VBZ 1206 1218 experiencing experience VBG 1219 1220 a a DT 1221 1226 surge surge NN 1227 1229 of of IN 1230 1236 growth growth NN 1237 1240 for for IN 1241 1244 the the DT 1245 1250 first first JJ 1251 1255 time time NN 1256 1258 in in IN 1259 1264 years year NNS 1264 1265 . . . 1266 1269 Mr. Mr. NNP 1270 1276 Marous Marous NNP 1277 1281 said say VBD 1282 1285 the the DT 1286 1294 business business NN 1295 1299 will will MD 1300 1307 achieve achieve VB 1308 1314 higher high JJR 1315 1320 sales sale NNS 1321 1325 this this DT 1326 1330 year year NN 1331 1335 than than IN 1336 1339 the the DT 1340 1347 company company NN 1347 1349 ’s 's POS 1350 1356 target target NN 1357 1361 goal goal NN 1362 1364 of of IN 1365 1368 8.5 8.5 CD 1368 1369 % % NN 1369 1370 . . . 1373 1378 While while IN 1379 1391 Westinghouse Westinghouse NNP 1392 1395 has have VBZ 1395 1398 n’t n't RB 1399 1402 had have VBD 1403 1404 a a DT 1405 1412 nuclear nuclear JJ 1413 1418 power power NN 1419 1424 plant plant NN 1425 1430 order order NN 1431 1435 from from IN 1436 1437 a a DT 1438 1442 U.S. U.S. NNP 1443 1450 utility utility NN 1451 1453 in in IN 1454 1459 about about RB 1460 1461 a a DT 1462 1468 decade decade NN 1468 1469 , , , 1470 1476 excess excess JJ 1477 1485 capacity capacity NN 1486 1488 is be VBZ 1489 1498 beginning begin VBG 1499 1501 to to TO 1502 1508 shrink shrink VB 1508 1509 . . . 1510 1513 Mr. Mr. NNP 1514 1518 Lego Lego NNP 1519 1523 said say VBD 1524 1527 the the DT 1528 1535 company company NN 1536 1544 foresees foresee VBZ 1545 1548 the the DT 1549 1553 need need NN 1554 1557 for for IN 1558 1559 a a DT 1560 1565 major major JJ 1566 1571 boost boost NN 1572 1574 in in IN 1575 1589 new-generation new-generation NN 1590 1600 capability capability NN 1601 1611 throughout throughout IN 1612 1615 the the DT 1616 1621 1990s 1990s CD 1621 1622 . . . 1625 1637 Westinghouse Westinghouse NNP 1638 1642 also also RB 1643 1645 is be VBZ 1646 1650 well well RB 1651 1661 positioned position VBN 1662 1664 to to TO 1665 1669 sell sell VB 1670 1675 steam steam NN 1676 1683 turbine turbine NN 1684 1687 and and CC 1688 1691 gas gas NN 1692 1699 turbine turbine NN 1700 1706 plants plant NNS 1707 1709 to to TO 1710 1721 independent independent JJ 1722 1727 power power NN 1728 1737 producers producer NNS 1737 1738 . . . 1739 1742 The the DT 1743 1750 company company NN 1750 1752 ’s 's POS 1753 1760 ability ability NN 1761 1763 to to TO 1764 1771 respond respond VB 1772 1774 to to TO 1775 1781 energy energy NN 1782 1787 needs need NNS 1788 1798 world-wide world-wide RB 1799 1803 will will MD 1804 1806 be be VB 1807 1815 enhanced enhance VBN 1816 1823 through through IN 1824 1825 a a DT 1826 1834 recently recently RB 1835 1844 announced announce VBN 1845 1852 venture venture NN 1853 1857 with with IN 1858 1868 Mitsubishi Mitsubishi NNP 1869 1874 Heavy Heavy NNP 1875 1885 Industries Industries NNP 1885 1886 , , , 1887 1890 Mr. Mr. NNP 1891 1895 Lego Lego NNP 1896 1900 said say VBD 1900 1901 . . . 1904 1906 He he PRP 1907 1911 said say VBD 1912 1915 the the DT 1916 1927 independent independent JJ 1928 1933 power power NN 1934 1941 segment segment NN 1942 1947 could could MD 1948 1952 grow grow VB 1953 1955 to to TO 1956 1963 provide provide VB 1964 1966 as as RB 1967 1971 much much JJ 1972 1974 as as IN 1975 1977 50 50 CD 1977 1978 % % NN 1979 1981 of of IN 1982 1991 near-term near-term JJ 1992 2002 generation generation NN 2003 2011 capacity capacity NN 2011 2012 , , , 2013 2019 adding add VBG 2019 2020 : : : 2021 2022 “ `` `` 2022 2024 We we PRP 2025 2031 expect expect VBP 2032 2034 to to TO 2035 2041 supply supply VB 2042 2043 a a DT 2044 2055 significant significant JJ 2056 2061 share share NN 2062 2064 of of IN 2065 2069 this this DT 2070 2076 market market NN 2076 2077 . . . 2077 2078 ” '' '' 2081 2093 Westinghouse Westinghouse NNP 2094 2098 also also RB 2099 2106 expects expect VBZ 2107 2110 its its PRP$ 2111 2124 international international JJ 2125 2130 sales sale NNS 2131 2133 to to TO 2134 2138 soon soon RB 2139 2143 grow grow VB 2144 2146 to to TO 2147 2149 25 25 CD 2149 2150 % % NN 2151 2153 of of IN 2154 2159 total total JJ 2160 2169 corporate corporate JJ 2170 2175 sales sale NNS 2176 2180 from from IN 2181 2183 20 20 CD 2183 2184 % % NN 2185 2189 last last JJ 2190 2194 year year NN 2194 2195 . . . 2196 2199 The the DT 2200 2207 company company NN 2208 2210 is be VBZ 2211 2222 negotiating negotiate VBG 2223 2227 with with IN 2228 2231 the the DT 2232 2239 Soviets Soviet NNPS 2240 2242 to to TO 2243 2248 build build VB 2249 2250 a a DT 2251 2257 Thermo Thermo NNP 2258 2262 King King NNP 2263 2282 truck-refrigeration truck-refrigeration NN 2283 2288 plant plant NN 2289 2293 that that WDT 2294 2299 would would MD 2300 2307 produce produce VB 2308 2313 about about IN 2314 2320 10,000 10,000 CD 2321 2326 units unit NNS 2327 2335 annually annually RB 2335 2336 . . . 2339 2342 Mr. Mr. NNP 2343 2349 Marous Marous NNP 2350 2354 said say VBD 2355 2367 Westinghouse Westinghouse NNP 2368 2373 would would MD 2374 2377 own own VB 2378 2380 70 70 CD 2380 2381 % % NN 2382 2384 of of IN 2385 2388 the the DT 2389 2397 facility facility NN 2397 2398 . . . 2399 2402 The the DT 2403 2407 deal deal NN 2407 2408 , , , 2409 2414 which which WDT 2415 2419 will will MD 2420 2427 involve involve VB 2428 2430 an an DT 2431 2438 initial initial JJ 2439 2440 $ $ $ 2440 2442 20 20 CD 2443 2450 million million CD 2451 2461 investment investment NN 2461 2462 , , , 2463 2466 was be VBD 2467 2473 struck strike VBN 2474 2478 with with IN 2479 2480 a a DT 2481 2490 handshake handshake NN 2490 2491 , , , 2492 2494 he he PRP 2495 2500 added add VBD 2500 2501 . . . 2504 2511 Company company NN 2512 2521 officials official NNS 2522 2526 also also RB 2527 2531 said say VBD 2532 2536 that that IN 2537 2540 any any DT 2541 2545 gain gain NN 2546 2550 from from IN 2551 2554 the the DT 2555 2559 sale sale NN 2560 2562 of of IN 2563 2575 Westinghouse Westinghouse NNP 2575 2577 ’s 's POS 2578 2580 55 55 CD 2580 2581 % % NN 2582 2587 stake stake NN 2588 2590 in in IN 2591 2594 its its PRP$ 2595 2607 transmission transmission NN 2608 2611 and and CC 2612 2624 distribution distribution NN 2625 2632 venture venture NN 2633 2637 with with IN 2638 2641 the the DT 2642 2647 Swiss swiss JJ 2648 2652 firm firm NN 2653 2655 of of IN 2656 2660 Asea Asea NNP 2661 2666 Brown Brown NNP 2667 2673 Boveri Boveri NNP 2674 2678 will will MD 2679 2681 be be VB 2682 2688 offset offset VBN 2689 2691 by by IN 2692 2693 a a DT 2694 2707 restructuring restructuring NN 2708 2714 charge charge NN 2715 2717 in in IN 2718 2721 the the DT 2722 2728 fourth fourth JJ 2729 2736 quarter quarter NN 2736 2737 . . . 2738 2741 The the DT 2742 2752 executives executive NNS 2753 2756 did do VBD 2756 2759 n’t n't RB 2760 2768 disclose disclose VB 2769 2772 the the DT 2773 2777 size size NN 2778 2780 of of IN 2781 2784 the the DT 2785 2793 expected expect VBN 2794 2798 gain gain NN 2798 2799 . . . 2802 2809 Capital Capital NNP 2810 2821 expenditure expenditure NN 2822 2824 in in IN 2825 2829 1990 1990 CD 2830 2834 will will MD 2835 2839 rise rise VB 2840 2848 slightly slightly RB 2848 2849 , , , 2850 2853 Mr. Mr. NNP 2854 2860 Marous Marous NNP 2861 2865 said say VBD 2865 2866 , , , 2867 2871 from from IN 2872 2874 an an DT 2875 2884 estimated estimate VBN 2885 2886 $ $ $ 2886 2889 470 470 CD 2890 2897 million million CD 2898 2902 this this DT 2903 2907 year year NN 2907 2908 . . .