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Non-Tech : Williams Companies, Inc. (WMB) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (56)	7/22/1998 9:23:00 AM
From: David Alders	Read Replies (1) \| Respond to of 271

Earnings are out, but I don't see them on the net yet. Via my fax, they say .14 for the second qtr. '98 vs. .28 for second qtr. '97.

To: Dale Baker who wrote (56)	7/22/1998 11:56:00 AM
From: Kevin G. O'Neill	Respond to of 271

Williams Cos. 2Q Net 14c/Diluted Shr Vs 28c, Both On Items Dow Jones Newswires -- July 22, 1998 Williams Cos. - Tulsa, Okla. 2nd Quar June 30: 1998 1997 Revenue $1,640,700,000 $1,870,900,000 Net income a 60,700,000 b 118,500,000 Avg shrs (basic) 426,163,000 411,423,000 Avg shrs (diluted) 441,464,000 428,496,000 Shr earns (diluted) Net income a .14 b .28 a. Includes charges of $25 million, or 3 cents a share, for a loss provision related to a federal regulatory action, and costs related to the acquisition of Mapco. b. Includes gains of $44.5 million, or 10 cents a share, on a transaction involving the customer-premise equipment business. Williams Cos. Inc. (WMB) said the acquisition of Mapco benefited its growth in scale but conditions in segments of the energy market remain difficult. The company's gas pipeline business reported improved operating profit in the latest second quarter, but operating profits were lower for its energy services division. The communications segment, which includes a broadband network and other technology applications, reported a loss, compared with a profit year ago. The company said cost and construction of its national fiber-optic network is exceeding expectations, however.