31.   Cost reductions are what investors most want to see right now, analysts said.

32.   Cost reductions from the transaction are likely to be less important to St. Paul, Lewis said.

33.   Despite cost reductions, Young said there could be an expansion of the number of news broadcasts.

34.   Deane said the price-cuts are possible because Telecom has negotiated cost reductions with the international phone companies involved.

35.   Efficiencies, or cost reductions, that would result from the merger also will be on the agenda, bringing before the court a very timely issue.

36.   Farmland has trimmed debt loads through cost reductions and reduced grain inventories.

37.   Fisher said that cost reductions would continue through the fourth quarter and might include a restructuring program.

38.   Greenberg declined to estimate cost reductions.

39.   He cited continued cost reductions, and concentration on growth in new markets, including Internet-related products.

40.   He also said continued cost reductions in manufacturing and in material purchases helped the company beat analyst expectations.