Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Cragganmore who wrote (43040)	4/22/1999 9:22:00 PM
From: Peter V	Read Replies (3) of 95453

<<I believe there was some confusion whether this 0.14 was to be applied to the 98 or 99 results. >> It could not be any clearer in the RIG PR, issued at 8:05 am (and it is not labeled a correction): First quarter 1998 results included a non-recurring after-tax gain of $13.9 million or $0.14 per diluted share arising from the settlement of a dispute with Global Marine Inc. Excluding the impact of the settlement, net income for the first three months of 1998 was $63.7 million or $0.63 per diluted share. I don't know who could have been confused, but you never know.

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