1.   Analysts said they hoped that Quaker would sell its European cereal operations, the coffee division of its food service and the pasta and sardine operations in Latin America.

2.   Cereal price cuts are also sweeping Europe, as joint ventures between U.S. and European cereal makers have spurred competition.

3.   Quaker likely will sell its Latin American sardine and pasta businesses, the U.S. coffee business in its food-service unit, and possibly its European cereal businesses.

4.   His main objective was to keep prices down to maintain domestic consumption of European cereals.