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To: Lazlo Pierce who wrote (9190)	1/22/1998 11:08:00 AM
From: Big Dog	Respond to of 95453

I might suggest, for right or wrong, that SLB's earnings are much harder to calculate in light of how huge and far flung the company is. Just a thought. Looks like the slide is over...where now? Added some CDG at 39 15/16. Sold some FGII covered calls.

To: Lazlo Pierce who wrote (9190)	1/22/1998 11:12:00 AM
From: bw	Read Replies (1) \| Respond to of 95453

David..I agree that SLB is much more difficult for the analysts to predict correct earnings, being a diverse company with more variables. For this very reason, I was expecting them to blow-away the estimates. I sense that we are approaching the more macro correction..and that the Clinton thing is playing into the equation. We now face weakness/paralysis from the White House, Saudi story of "not going it alone" in cutting back production, SLB negative report, DO negative report, crisis in Asia [Indonesia is near collapse], and the big fund money still waiting for the right time to buy into this sector for '98.....Pengr could be an anti-false guru after all.

To: Lazlo Pierce who wrote (9190)	1/22/1998 11:48:00 AM
From: Ken Robbins	Read Replies (3) \| Respond to of 95453

<My take on the SLB miss> According to some, SLB did not "miss" Zacks and I/B/E/S borh estimated 2.61 for the year. Actual was 2.62!