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To: Think4Yourself who wrote (68673)6/23/2000 12:45:00 PM
From: Big Dog  Respond to of 95453
 
From Lehman today.

* We view the sell-off in the shares of R&B Falcon as an overreaction
and reiterate our buy (1) recommendation.

* CEO Paul Loyd's comments indicating a loss close to $0.22 per share
is consistent with what the company has been indicating and our own $0.22
loss per share estimate.

* The company has just reactivated additional jackups in the Gulf of
Mexico.

* Financial results and the balance sheet are poised to improve
significantly.