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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: upanddown who wrote (45984)	6/7/1999 11:52:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

John, there probably isn't enough info in the public domain to do the exercise. But here is a snippet from a RIG press release: "Among other things, we believe the reorganization will give us greater flexibility in seeking to lower our worldwide effective corporate tax rate. During 1998, the Company's effective tax rate was 29.5%. While we cannot give any assurance as to what our effective tax rate will be following the reorganization because of the uncertainty regarding future dayrates and where our rigs might be operating, our expectation is that we will, over time, achieve a reduction of 10 to 20 percentage points in our effective rate."