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

To: BigBull who wrote (53548)	10/26/1999 8:46:00 AM
From: sportsman	Respond to of 95453

Marine Drilling Companies Inc. Reports Third Quarter Results SUGAR LAND, Texas--(BUSINESS WIRE)--Oct. 26, 1999--Marine Drilling Companies Inc. (the ''Company'') (NYSE:MRL - news) today reported third quarter net income of $2.9 million, or $0.05 per share, on revenues of $35.3 million, compared to net income of $16.9 million, or $0.32 per share, on revenues of $63.5 million for the same period in 1998. Average daily revenue and rig utilization for the quarter ended September 30, 1999 decreased to $33,204 per operating day and 71%, respectively compared to $45,781 per operating day and 94%, respectively for the third quarter of 1998. For the nine months ended September 30, 1999, the Company had a net loss of $8.6 million, or $0.16 per share, on $70.6 million of revenue versus net income of $53.8 million, or $1.02 per share, on revenues of $185.1 million for the corresponding period in 1998. Jan Rask, president and chief executive officer of Marine, said, ''We are pleased to have placed our MARINE 500 and MARINE 700 deep-water semi-submersible rigs into service during the third quarter. We are optimistic about the future with the stability of long-term contracts on both of these rigs, coupled with the recent improvement in rig utilization and dayrates in the Gulf of Mexico jackup market.'' Marine Drilling Companies Inc. is an offshore drilling contractor with a fleet of 17 offshore drilling rigs located in the U.S. Gulf of Mexico and select international markets consisting of 15 jackups, one of which is currently configured as an accommodation unit and two deep-water semi-submersibles. This press release includes certain statements that may be deemed to be ''forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities or events the company believes will or may occur in the future are forward-looking statements. Such statements are subject to a number of uncertainties that are discussed in the company's most recent Forms 10-K and 10-Q. Investors are cautioned that actual results may differ materially from those projected in the forward-looking statements. For online information about Marine Drilling Companies Inc. visit mardril.com

To: BigBull who wrote (53548)	10/26/1999 9:19:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

Sorry about that link Doug, Bloomberg moved the story. This is it in a nutshell: Bullish German outlook pulls bourses north Nikkei, wary of yen, ekes out gain; Hong Kong lower By Gareth Vaughan, Bill Clifford & Mariko Ando, CBS MarketWatch Last Update: 6:43 AM ET Oct 26, 1999 World indexes ADR Report Currency rates LONDON (CBS.MW) -- European bourses pulled out of the red mid-session Tuesday after Germany's six leading economic research institutes raised their forecast for growth in Germany -- Europe's biggest economy -- in 2000, based on the assumption that eurozone interest rates are not hiked this year. In London, the FTSE 100 index added 28.70 points to 6,038.00. In Frankfurt, the Xetra DAX ascended 37.36 points to 5,357.75; while in Paris, the CAC 40 climbed 27.41 points to 4,696.69. See London's most active stocks, and for other bourses see world indexes. In their twice yearly report which is used as the basis of government forecasts, the institutes raised their forecast for German growth in 2000 to 2.7 percent from 2.6 percent. They added that rising growth will boost the labor market, helping to slash unemployment by more than 200,000 next year. The institutes said their forecast is based on the assumption that the European Central Bank (ECB) will raise the eurozone base interest rate to 3 percent from 2.5 percent in the first half of next year -- not this year as some analysts expect. "The German economic research institute said they see no ECB rate hike this year (and) it's a big influential group," said one equity analyst at Deutsche Bank in London who spoke on condition of anonymity.