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

To: SargeK who wrote (37194)	2/10/1999 10:14:00 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 95453

Note the negative headline on an essentially positive speech at the Paine Webber energy conference. Wednesday February 10, 9:37 am Eastern Time Baker Hughes sees Q1-Q2 revenues below Q4 NEW YORK, Feb 10 (Reuters) - Baker Hughes Inc. expects revenues to decline in the first and second quarters of 1999 from the $1.42 billion revenues in 1998's final quarter, Chief Financial Officer Eric Mattson said Wednesday. Mattson told the PaineWebber Energy Conference the company expects revenues will flatten out in the third quarter and start to rise by the end of the year as oil rig operating rates recover. ''We think, perhaps, the bulk of the revenue decline is behind us,'' he explained. Revenues totaled $1.57 billion in the fourth quarter of 1997.