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

To: Tulvio Durand who wrote (9204)	1/22/1998 12:23:00 PM
From: Ken Robbins	Read Replies (1) \| Respond to of 95453

<Zacks Q estimate was 0.76 vs. 0.75 actual. That one cent miss caused a disproportionate $3 Billion reduction in SLB's market cap. Go figure.> I submit that is was not the 0.01 shortfall that caused SLB to tank, but this quote from their press release: "Our clients have budgeted a further increase in E&P spending of 10% in 1998. However, their plans may be modified when the impact of the economic problems in Asia on oil demand can be evaluated." BTW, my SLB is still up 37%.