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To: Peter V who wrote (43034)4/22/1999 8:32:00 PM
From: Peter V  Read Replies (1) | Respond to of 95453
 
A leetle calculator error. RIG's earnings are actually 35% higher than 1998 (adjusted for the .14 one-time gain in 1998), not 27%.



To: Peter V who wrote (43034)4/22/1999 10:09:00 PM
From: upanddown  Read Replies (3) | Respond to of 95453
 
Peter, it is very odd that RIG didn't do better. It has been such an earnings standout within the sector. SLB doesn't do as well as RIG and then has a bigger gain. What is even stranger is that RIG's earnings were close to 3 times SLB's but RIG sells for half the price. This for two companies in essentially the same business though SLB is much more diversified. Must be that mysterious advantage of S&P 500 membership.
John


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