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

To: Winkman777 who wrote (70104)	7/27/2000 12:18:44 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Notes on PKD this morning from Lehman: * Second quarter results easily beat our estimates and we continue our BUY rating on the shares of Parker Drilling. * Better than expected results in the offshore fleet and record results in Quail Tools contributed to the strong quarterly performance. * International land should see more measurable improvements in the second half as already contracted rigs begin to enter the fleet. * We believe the solid earnings improvements for the quarter shows the company has made great strides in its business strategy and its long term outlook has improved with the transformation of its asset mix.