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To: Terry D who wrote (70382)8/3/2000 8:07:07 AM
From: Terry D  Read Replies (1) | Respond to of 95453
 
More nonsense - HIGHLIGHTS OF THE RECENT QUARTER

2Q00 EPS Snapshot

1. R&B Falcon recently reported a 2Q00 diluted operating loss of $0.22-in line with both our estimate and the consensus forecast. Year-earlier diluted operating EPS were a loss of $0.12.

2. Positives for the recent quarter versus our estimates...
a) R&B Falcon's Inland Water EBITDA was $2.5 million (or 61%) higher than estimated.
b) Net interest expense was $2.2 million (or 5%) lower than estimated.
c) Engineering Services & Land Operations EBITDA was $1.9 million (or 59%) higher than estimated.
d) Shallow Water EBITDA was $1.6 million (or 12%) higher than estimated.

3. Negatives for the recent quarter versus our estimates...
a) Equity from investees and related income was a loss of $5.2 million versus our estimate of breakeven.
b) Deepwater divisional EBITDA was $2.3 million (or 5%) lower than estimated.