This paper is concerned with an outlook on information extraction (IE) that
is steeped to a large extent in the traditional semantic notion of inferen
tial reasoning. We make the case for a continued presence of inferential me
thods in IE, despite the ongoing trend towards simpler extraction processin
g models. We demonstrate the role of this kind of inference in the Alembic
message understanding system, and also discuss the upstream syntactic proce
ssing that enables this. We present the finite-state parsing models that un
til recently have served this role, and cover at some length the issues of
semantic interpretation that they require. As a pointer towards work to com
e, we also mention briefly our work in progress on parsing via grammatical
relations, an approach that we hope will add great generality to our extrac
tion framework.