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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: Ian@SI who wrote (3207)	5/21/2002 11:35:10 AM
From: The Ox	of 95541

Schlumberger sub files for IPO --10:18am - By Tomi Kilgore Oil services firm Schlumberger (SLB) said its newly formed subsidiary, NPTest, has proposed initial public offering of common stock through a filing with the U.S. Securities and Exchange Commission. NPTest makes semiconductor testing equipment. Schlumberger's stock is slipping 63 cents to $54.29. The semi side has been a drag on SLB's earnings for as long as I've followed the company. Probably an excellent idea to spin off this segment of the business. Generate $ in an IPO and then let the new shareholders pay the consequences of investing in a capital intensive business. jm2c.

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