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


To: John F. who wrote (95318)3/22/2002 2:14:18 PM
From: John F.  Read Replies (1) | Respond to of 95453
 
06:43 ET Baker Hughes reduces Q1 outlook (BHI) 39.30:
Citing weaker industry fundamentals, oil driller cuts its Q1 earnings
forecast to $0.20-$0.22, compared to the $0.26 Multex consensus
estimate. More rapid than expected deterioration of the N. American
market resulted in downward pricing pressure as well as reduced
utilization of well site service staff, rental tools and manufacturing
capacity.

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