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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: dch who wrote (571)	1/16/1998 8:59:00 AM
From: Marc L. Greenberg	Respond to of 2282

chron.com

To: dch who wrote (571)	1/16/1998 2:06:00 PM
From: arizona_ice_tea	Respond to of 2282

ESEARCH ALERT - Global Marine upgraded NEW YORK, Jan 16 (Reuters) - Lehman Brothers said on Friday it raised its rating on shares of Global Marine Inc to buy after the company reported fourth quarter operating earnings of $0.49 per share versus $0.23 per share in last year's quarter. -- Average day rates for firm's fleet were up 48 percent year-over-year with rig utilization at effectively 100 percent, analyst Paul Chambers said in research note. -- Global Marine has targeted earnings growth of 33 percent despite tripling its tax rate in 1998 and had a year-end backlog of $1.2 billion, half of which should be completed in 1998, Chambers said. More Quotes and News: Global Marine Inc (NYSE:GLM - news) Related News Categories: US Market News, oil/energy