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To: JCS who wrote (81013)12/8/2000 1:36:36 AM
From: jim_p  Read Replies (2) | Respond to of 95453
 
RIG/FLC has now lost over $10 billion in market cap, or 47% from it's high but it's still not cheap.

RIG has missed earnings for several of the last Q's, and has had 17% in downward revisions for 2000 and 10% in downward revisions for 2001 earnings.

In addition, RDC, MRL, ATW, ESV, PDE, NE, and GLM are all selling cheaper.

Anyone who has held FLC/RIG and watched it fall from 31.50/65.00 should have their head examined.

Jim