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Gold/Mining/Energy : FLC Falcon Drilling
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To: diana g who wrote (76)4/30/1998 12:12:00 PM
From: Czechsinthemail   of 461
 
From Briefing.com:

R&B Falcon Corp. (FLC) 32 1/16 -1/16: Lehman Brothers maintains "buy" rating on marine contract drilling and ancillary services concern as Q1 results are in-line with expectations; FLC sees strong demand for its floaters, shallow jackups and marketed barge drilling assets; expects operating margins to trend higher; however, lowering 1998 EPS to $2.00 to reflect revised delivery time for a deepwater vessel and near-term mechanical problems....
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