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To: jmac who wrote (92389)	11/14/1999 10:54:00 AM
From: puborectalis	Respond to of 186894

O.T.;money always transcends political ideologies...... Sunday, November 14, 1999 Published at 10:14 GMT Business: The Economy Shell secures Iranian oil deal Shell is the world's second largest oil and gas firm The giant Anglo-Dutch oil group Shell has signed a long-awaited $800m deal with Iran to develop two offshore oil fields. Shell Exploration secured the agreement in Tehran with the National Iranian Oil Company to redevelop the Soroosh and Nowrooz oil fields. Shell has said it did not consider the threat of US sanctions an obstacle to investing in Iran, which Washington regards as a sponsor of terrorism. The US passed a law in 1996 allowing it to impose harsh measures against foreign companies investing in the Iranian oil sector. However, non-US firms were encouraged after Washington waived sanctions against the French firm Total in 1997 following its $2bn gas exploration deal in Iran. International oil firms have become increasingly aggressive in seeking multi-million dollar deals to develop Iran's huge oil and gas industry and American companies are not happy that they are missing out. In March, Iran stepped up the pressure on Washington by inviting US firms to bid for future projects. 190,000 barrels a day The Soroosh and Nowrooz fields, which were discovered in the early 1960s, are located in shallow waters some 80km west of Kharg Island. Shell said in a statement that the agreement was part of Iran's "buy-back" programme, under which foreign firms are reimbursed for their investment with a share of future production. It said reserves in the two fields were estimated at 500 million and 550 million barrels of heavy crude respectively. The firm plans to start early production at Soroosh in 2001, with both fields fully productive and operational by 2003. Soroosh is expected to produce 100,000 barrels a day, and Nowrooz 90,000. Shell's exploration and production arm operates in 45 countries around the world. The Royal Dutch/Shell Group is responsible for extracting more than 4 million barrels of oil and 400 million cubic metres of natural gas every day - although Shell's share is only about half this amount.

To: jmac who wrote (92389)	11/14/1999 11:08:00 AM
From: Robert Salasidis	Respond to of 186894

Does AMD break down revenue (and more importantly profit) on their quarterly reports. It would be nice to know what the sequential performance of their uP division is with flash removed.

To: jmac who wrote (92389)	11/14/1999 11:26:00 AM
From: Paul A	Respond to of 186894

err I agree that AMD has made claims of turnaround over and over again, only to burn investors with surprise earnings reports.. but to say that CNBC hates intel? Please... spare me.. Friday night they were practically laughing at AMD when comparing it to intel. One thing most will agree on is that CNBC has a group of unqualified idiots running the show.. and now they have quite a large audience, which further bloats their egos :)