The Sacramento Bee from Sacramento, California • 40

U12 The Sacramento Bee Friday November 7 1986 Principal in insider scheme gets year in jail CELLULAR CAR PHONES AT UNBEATABLE PRICES! Authorized Agent fmT3 Mcbilnofc Cellular Communications Call Today For Free Demonstration 920-8565 low came in early in the case admitted his guilt and cooperated with investigators but it noted "these are serious for which mitigating circumstances totally absent" Earlier this year Sokolow settled Securities and Exchange Commission civil charges by repaying $210000 president of the mergers and acquisitions department at Shearson Lehman brothers before resigning after the scandal broke earlier this year Sokolow has admitted giving Levine advance information about RCA plan in 19K3 to sell its CIT financial services unit to Manufacturers Hanover Trust Co and about merger talks between Sperry Corp and ITT Corp in 11IK5 Prosecutors said Sokolow acted as a conduit to Levine for non-public in-format ion provided by friend David brown a former vice president at Goldman Sachs Co brown also pleaded guilty to one count of securities fraud as well as a mail fraud count last September and was slated to be sentenced Jan 19 Prosecutors said Levine made more than $3 million on tips from Sokolow and $4 million more on tips Sokolow passed on to him from brown In a letter to Keenan before sentencing Assistant US Attorney Charles Carberry wrote that Sokolow stolen information to Levine" "He did not hesitate to betray Lehman Brothers his colleague or the clients who paid princely fees for the services of Carberry wrote Prosecutors said Levine paid Sokolow about $122000 Sokolow gave $27000 to Brown and kept $85000 for himself without reporting it on his income taxes prosecutors said letter noted that Soko liit figure a ring of Wall Street piofessionals who swapped confidential information and used it for tlieli own advantage Sokolow 32 of (beat Neck was the first of the group to be sentenced Federal law forbids corporate executives investment bankers like Sokolow and others with access to non-publu information from using it to ti nde in sec ui dies Sokolow pleaded guilty in Sepleni-bei befoie Keenan to one count each of set unties fraud and tax evasion lie could have been sentenced to a maximum 10 years in pi ison and Shot) 000 in fines A I OK 1 Harvard business School giaduate Sokolow had risen to vice Nl-W YORK A foi liter in-vestment hanker (ut Shearson Lehman brothers Inc was sentenced 1 hursday to a year and a day prison for his pari in the largest insider trading scheme uncoveied by federal authorities US District Judge John I-' Keenan told Ira Sokolow who admitted passing confidential information to Dennis levine that "this riminal in livity eroded public confidence In the levine a formei managing dnec-lor at Drexel Burnham Lambert Inc pleaded guilty to four counts earlier this year after federal affinals charged him with making more Ilian $12 million in illegal profits over a five-year period I ovine was desi ribed as the cell- Aerojet launches Titan engine project We Are Moving mORTGAGE CORPORATIOn Westland Division a wholly-owned subsidiary of Imperial Savings Association An ijuii Housing 1 1 ndrr Sacramento's tremendous support of ICA Mortgage has necessitated our move to a larger location to better serve you Our new location is: 3078 Prospect Park Rancho Cordova 95b70-b007 New loan information: 636-1400 Loan Service: b3b-lb00 Come visit us off Zinfandel on the corner of White Rock Road and Prospect Park or call us for all your residential lending needs slate and 23 second-stage liquid propellant rocket engines foi Titan IV the Air Loire's newest satellite I lunching vehicle at a cost of $250 million Another 13 I dan II first- and second-stage engines will be refurbished for $100 million Titan II systems are being deactivated as intercontinental ballistic missiles and will be used to launch Air Loire navigational and meteorological By Larry Hicks lice Slab Writer Aerojet I et hSystems Co on I luii sday announced it has begun woik on its $350 million project lo build 59 I it oi roc kel engines The engines will powei rockets used for satellite launching Aerojet will deliver the first new Ilian engines in December 1987 for an October 1988 launch I he company will build 23 first- seier president of Aerojet TechSys-tems anticipate working on Titan well into the 1990s and supporting launches past the year Aerojet TechSystems Co an operating company of Aerojet General is one of the nations leaders in the design development production and testing of liquid propellant rocket engines Martin Marietta Corp the Denver Colo Titan prime contractor also will use the Titan to launch commercial satellites The company recently announced the first reservation for a commercial satellite to be launched by a future Titan system The vehicle has the ability to carry two separate satellites thereby reducing the cost Over the next three years Aero-jett will add about 100 new employee's to its current project work force of 400 said company spokesman Tom Fitzgerald liquid propellant rocket engines are the central propulsion element for Titan IV More than 1000 Titan liquid rocket engines have been built and tested at Sacramento facility The Titan IV engines will be built at an accelerated rate to meet a backlog of national security pay-loads "The Titan engines we are building and refurbishing will be critical lo meeting the need to launch national security and commercial payloads said Roger Ram- Chip makers ask crackdown on alleged Japan violations SACRAMENTO BEE CLASSIFIED ADS SUPER SELLER ADS 321-1234 Ios Angeles imes American makers and buyers of semiconductors are piessuring Reagan administration officials lo lake a hard line against what they charge are repeated and flagrant violations of the two-month-old trade agreement with Japan Unless they see an immediate end of of Japanese-made eliips in Southeast Asia and Europe industry officials said they will ask US officials to scrap all or parts of the hard-won pad The concerns are expected to lop the agenda when officials of the US Commerce Department and Trade Representative Clayton office meet in Tokyo next week with their Japanese counterparts in scheduled about the semiconductor pact The five-year agreement calls for Japanese makers of chips to end predatory pricing in the United Stales and for the government in Tokyo to encourage Japanese chip buyers to purchase a greater share of their chips from US-based manufacturers American officials say the Japanese are responsible for preventing activities that would undermine the agreement including dumping of chips in markets outside the United States 'I he "first experience under the agreement has been one of outright violations by Japanese companies in third-country markets and their home market and failures by the Japanese government to enforce the agreement the American industry George Scalise wrote in a letter lo office US companies have said Japanese chips continue to be sold at below fair-market value in Japan and in the third-country markets those other than Japan and the United States thus setting up a threetiered price structure According to the agreement prices of Japanese-made computer chips sold here must meet or exceed fair market values set by the Commerce Department But US chip users say their overseas competitors are still getting bargain-basement rates for chips made in Japan while they are forced to pay the higher prices determined by the fair market values EARNINGS REPORT Insure 1986 EL DORADO Cruise control power windows door locks power antenna elec climate control power trunk lid release radio cassette recliner power passenger seat detogger illuminated entry wire wheel discs anti-theft system leather seals more1 1 NO 609266 1986 SEVILLE AMFM stereocass wire wheel disc 41 liter V8 DFI engine illuminated entry system rear window defog-ger 6 way pwr pass seats and much more! ID NO 818746 Nissan Motor Co second largest automobile maker on Thursday reported its first operating loss since the end of World War II saying the poor April-September showing resulted from the strong yen and slow domestic car sales Nissan said its profit of 386 billion yen or $1988 million in the first half of its fiscal year was down 554 percent from the 1985 April-September period Loews Corp CBS largest shareholder said Thursday its third-quarter net income fell 28 percent to $1567 million or $192 a share from a year ago when the company had a iarge gain from the sale of its movie theaters Continued from page Ull 198ti The Department of Insurance said assigned-risk premiums totaled $243 million in 1985 while auto insurance premiums in California totaled $55 billion Stan DiOrio senior assistant to Assemblywoman Maxine Waters I)-Ies Angeles said the plan to reward companies that sell insurance in inner cities may work hard to say whether the burden of increased CAARP percentage is enough to motivate companies but it hurt" he said "Some companies may not like it but from a consumer point of view if there are more companies writing policies it should be somewhat Diorio noted that (Gillespie) does to reduce rates is helpful "To the extent that she lowers CAARP rates drivers would iiave to get a lower rate in the consumer market This is helpful But I know how big an impact it will have The question is: Does it bring people into a range they can afford?" 1987 SEDAN DEVILLE Tilt telescope steering 41 liter V-8 DFI engine cruise electric defogger 6 way pwr seats much more! ID No 203196 1986 COUPE DEVILLE Tilt telescope steering fog lamps elec climate control power antenna AMFM stereo wseek scan wdigilal display leather seating much more1 Ser No 315908 1987 CIMARRON Body accent molding door edge guards illuminated vanity 2 8 liter V-6 engine automatic alloy wheels AMFM stereo cass luggage rack saddle leather more ID No 500811 1986 BROUGHAM SEDAN Leather seating AMFM stereo cass twilight sentinel wire wheel discs tilt telescope steering 50 liter V-8 engine cruise reading lamps electric defogger much more! ID No 712639 TV 40 Continued from page Bll orship in Portland and the re-evaluation of programing and film rights in Denver and Sacramento the restructuring will result in an estimated pretax charge of $41 million against net carrying value Grant said ES'AIEE moiHHnHzna 1985 CHEVY S-10 BLAZER 4x4 Ser No Stk No 1285 11988 1983 CADILLAC SEVILLE "CebrMet Sor No 801455 Stk No 1258 1934 CADILLAC COUPE DEVILLE "Um thee 18000 mie" tiA AAA Sr No 9024966 Stk No 1222 1984 CADILLAC EL DORADO "Bhte-White Top Lw Kies'1 (4 AAA iDjUtJy '1985 CAD ELD0 Povwr neerng power broket power 4ow power teal otr condn oing ou'ormn ou'te control lilt wheel nereo tope in mitet ne tar Ik No ILNX4J0 No 18999.