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

To: bw who wrote (19581)	4/18/1998 4:08:00 PM
From: Ken Robbins	Read Replies (2) \| Respond to of 95453

<While SLB is the leader, it should also be remembered the diversity of SLB..and that its earnings could be affected by Asia exposure from SLB's technology business, etc..Their earnings will therefore have to be broken down into oil/tech/other categories to more accurately reflect relevance to our stocks...> I looked up the contribution of SLB's two segments in 1997 from their annual report: edgar-online.com page 34. Although the non-oilfield made up 28% of revenues it accounted for only 8.7% of operating income and much less of net income. Looks like they would do well to get rid of their non-oilfield business.