21.   Japanese companies have stayed out of the merger fray and the home market remains fragmented, analysts say.

22.   John S. Reidy, an analyst at Smith Barney, reiterated a buy recommendation on Times Co. stock, saying he expects the company to stay its course.

23.   Japanese companies have so far stayed out of the merger fray in the world pharmaceutical industry and the home market remains fragmented, analysts say.

24.   Japanese companies have so far stayed out of the merger fray, and the home market remains fragmented, analysts say.

25.   Most U.S. paper companies stay close to home to avoid being blindsided by overseas political or economic upheavals, currency fluctuations and unfamiliar markets.

26.   Most U.S. paper companies stay close to home to avoid being blindsided by overseas political or economic upheavals, company officials and analysts say.

27.   Mr Amaitis was adamant that the company would stay alive.

28.   No one is expecting cigarette companies to stay still.

29.   Our company stayed in reserve, on the Belgium-Luxembourg side of the river, digging withdrawal positions.

30.   One ice cream company stays away from TV advertising.