11.   Ford said the report was erroneous because the company is studying the transfer of the Ipiranga plant to another site in Sao Paulo state.

12.   He said the companies will be studying their options over the next few days.

13.   Human resources and finance personnel are safe for now, but the company is studying what to do with those departments, it added.

14.   James Hart, a spokesman for Northrop Grumman, said the company was studying the problem.

15.   Jim Bryant, president of Pro CD, said his company was studying ways to finance the phone listings on the Web.

16.   Karl Elers, Battle Mountain chairman, told stockholders that the company is studying the New World Mine project and will decide later whether to proceed with the mine.

17.   John Brennan, chief executive of Vanguard, said the company had been studying socially responsible investing for several years but only recently decided to enter the field.

18.   Lopez said his company is still studying the sale of special securities to SSS, such as a bond convertible into Rockwell shares, to allow it to participate.

19.   Neilson said there are no immediate plans for Microsoft to offer classified ads but the company is studying that option.

20.   Now Lucent has invested and the regional phone companies are studying the product and ultimately may market it.