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To: John Paquet who wrote (323)	1/14/2000 5:45:00 PM
From: goldsnow	of 507

NEW YORK, Jan 14 (Reuters) - Schroder & Co. analyst James Stone on Friday said he set new earnings and stock price targets for Schlumberger Ltd. (NYSE:SLB - news) reflecting its spinoff of the Sedco Forex marine drilling unit. -- Said for the fourth quarter of 1999 he expected earnings per share of 23 cents after excluding the Sedco Forex unit. Forecasted earnings of $1.20 for 2000 and $1.84 for 2001. -- Set new price target of $71, down from $76, to reflect that ``about $6 per share of (Schlumberger) value was passed off to shareholders as part of the spinoff of Sedco Forex.' -- Schlumberger completed the merger of its Sedco Forex unit with Transocean Offshore Inc. late last year, creating the world's biggest offshore drilling contractor, called Transocean Sedco Forex Inc (NYSE:RIG - news). biz.yahoo.com

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