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To: diana g who wrote (45981)6/7/1999 11:37:00 AM
From: marc chatman  Read Replies (1) | Respond to of 95453
 
Hi, Diana.

I haven't followed RIG on the Norway exchange. Without knowing the details, I'd assume the sell-off there was prompted by the sell-off here.



To: diana g who wrote (45981)6/7/1999 11:40:00 AM
From: upanddown  Read Replies (1) | Respond to of 95453
 
Anyone out there familiar with offshore taxes who can analyze the effect of the Caymans reorg on RIG's bottom line ? In Q1, RIG had an effective tax rate around 30% paying around $35M taxes. Since they have approx 100M shrs outstanding, easy to figure the tax effect on Q1 earnings as .35. I guess the question is what would taxes have been in Q1 if RIG had reorganized before the start of 1999? Q1 report..........
biz.yahoo.com

John


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