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

To: Karl Radke who wrote (711)	5/1/1998 6:12:00 AM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 2282

Is it time to back up the truck on GLM? Global Marine Inc. (GLM): The oil and gas contractor's shares could rebound to the mid-30s and the company will earn $2.05 a share in 1998, Merrill Lynch & Co. analyst Kevin Simpson said in Business Week's ''Inside Wall Street'' column. The column also cited an unnamed hedge fund manager as saying Global Marine is a possible takeover target and would be worth 35 to 40 a share in a buyout. The manager named Santa Fe International Corp. (SDC) as one company that might be interested in buying the company. Global Marine fell 1/2 to 23 3/8 and Santa Fe fell 13/16 to 39 3/16. Beni Mick Mormony