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To: Bald Eagle who wrote (170)2/14/2001 10:47:42 AM
From: RichardHS  Respond to of 216
 
Let's do a little math:

Before the news, SLB was trading at $78~$79. At the lowest, it was about $64 yesterday, a 20% drop!!

SLB had a market cap of abotu $44b, even if the $5.2b was thrown away, that would only count for a little more than 10%!

Wall Street tends to over react upon any news.

RHS