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   Gold/Mining/EnergySchlumberger - The biggest/baddest oil service company

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To: Bald Eagle who wrote (174)8/12/2003 11:55:11 AM
From: Bald Eagle
   of 215
Word is that they might be dumping SEMA soon.

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To: Bald Eagle who started this subject9/3/2003 10:55:37 AM
From: Bald Eagle
   of 215
ATHENS, Greece, Sep 3, 2003 (BUSINESS WIRE) -- Schlumberger (NYSE:SLB), the Worldwide Information
Technology (IT) Partner of the Olympic Games, has successfully completed the first set of live Sport Events
exercising the Games' IT infrastructure in preparation for the ATHENS 2004 Olympic Games, which will take place in
Athens from August 13 to 29, 2004. Held in conjunction with live competitions that took place at Olympic Games
venues last month, the Sport Events IT tests rehearsed the Games Management Systems (GMS), Information
Diffusion Systems (IDS) and the supporting IT infrastructure which are all critical to managing the Games and
communicating competition results."This is a major milestone for the Olympic Games as it marks the first time that
all critical IT functions have been ready for testing during live events one year prior to the Games,"stated Philippe
Verveer, director of technology for the International Olympic Committee."We've been very impressed with
Schlumberger consistently meeting all deadlines, and this particular one highlights the strong value of their process
for transferring knowledge from one project to another."During the Sport Events, Schlumberger managed the same
high level of IT applications and support that will be used at the Olympic Games, scaled down to meet the much
lighter needs of the Sport Events' seven competitions: archery, equestrian, canoe/kayak flatwater, rowing, cycling,
beach volleyball and sailing."Testing, testing and more testing is the key to successful implementation of IT services
at the Olympic Games,"commented Claude Philipps, Schlumberger chief technology integrator for the 2004 Olympic
Games."Since the Sport Events are actual competitions, this gives us an early window to completely test all the
applications in real life scenarios before we move on to more intensive rounds of test rehearsals closer to
Games-time. It is also a unique opportunity to rehearse communications between all the technology providers, and to
test procedures and policies. When the Olympic Games go live, we have one chance to get it right, and we intend to
deliver."Testing during the Sport Events was carried out at the recently opened Technology Operations Center (TOC),
as well as the Primary Data Center. The TOC, which incorporates the experience of previous Olympic Games and
technological advances, served as"mission control"where the complex IT network and infrastructure was monitored
and managed. The TOC is connected via a highly secure network to the Venue Data Centers, which host local servers
and help desks. Prior to the Sport Events, Schlumberger used the new PC Factory facility to secure and customize
hundreds of PCs, which were then installed and tested at the TOC and participating venues.

The Schlumberger contract with the International Olympic Committee is the world's largest sports-related IT contract,
covering four Olympic Games over eight years: Salt Lake City in 2002, Athens in 2004, Turin in 2006 and Beijing in
2008. In these Games, Schlumberger has primary responsibility for information technology consulting, systems
integration, operations management, IT security and software applications development. When the Games go live in
Athens next summer, Schlumberger will have trained and will be managing a staff of 3,850 IT professionals and
volunteers, and overseeing all IT activities at the TOC, primary and secondary data centers, and 60 competition and
non-competition venues.

About Schlumberger

Schlumberger is a global oilfield and information services company with major activity in the energy industry. The
company employs 78,000 people of more than 140 nationalities working in 100 countries. Schlumberger is the world's
premier oilfield services company supplying a wide range of technology services and solutions to the international oil
and gas industry. Its IT business segment, SchlumbergerSema, is a leading supplier of IT consulting, systems
integration, and network and infrastructure services to the energy industry, as well as to the public sector,
telecommunications and finance markets. In 2002, Schlumberger revenue was $13.2 billion. For more information, visit

SOURCE: Schlumberger

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To: Bald Eagle who wrote (176)9/21/2003 11:40:42 PM
From: elmatador
   of 215
Atos to buy Schlumberger units
By Alain Ruello, Astrid Wendlandt and Isabelle Chaperon
Published: September 21 2003 21:22 | Last Updated: September 21 2003 21:22

Atos Origin, the Franco-Dutch provider of information technology services, is expected to announce on Monday the acquisition of several IT businesses from Schlumberger, the Franco-US oil services group, for about €1.3bn ($1.5bn).

If approved by shareholders and competition authorities, the deal will partially unravel Schlumberger's acquisition of Sema, the IT consultancy business it bought in 2001 for $5.2bn and enable the group to focus on its core energy operations.

Analysts have long questioned Schlumberger's acquisition of Sema and raised doubts over the price for venturing into IT. Schlumberger took a $2.9bn charge on the Sema acquisition last year.

Atos and SchlumbergerSema are competing for a number of high-profile IT procurement contracts for the National Health Service in the UK.

About two-thirds of Atos's acquisition of Sema is expected to be paid in newly issued shares with the balance settled in cash, people close to both companies said. The transaction is said to be backed by Philips, the Dutch electronics group and Atos's largest shareholder with a 44.7 per cent stake.

The deal would see Atos take on most of Sema's operations in the UK and Europe. However, it would exclude Sema's IT activities in the oil and gas sector and several side businesses such as its telecom software division.

Under the terms of the agreement, Atos is said to have signed a long-term IT services contract with Schlumberger. If the transaction is completed, Atos will become a sizeable IT services provider of IT services and consulting in Europe. Atos moved into consulting in June 2002 with the acquisition of two KPMG consulting divisions in the UK and the Netherlands for €657m.

Schlumberger held informal talks earlier this year to sell some of its IT operations to Computer Sciences Corporation of the US. The talks ended in the summer without agreement. CSC was said to be principally interested in Sema's UK business while Schlumberger was keen to sell to SCS many of its other European businesses as well.

*Schlumberger will also announce on Monday the rebranding of its smartcards division as Axalto in a further sign it is preparing the business for an initial public offering, Martin Arnold reports in Paris.

The Paris-based business is valued by analysts at €800m. It has become the world's leading producer of microprocessor smartcards after overtaking France's Gemplus in terms of market share in the second half of last year.

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To: Bald Eagle who wrote (177)12/1/2003 4:36:13 AM
From: elmatador
   of 215
Schlumberger seeks sale of IT unit
By Astrid Wendlandt
Published: November 30 2003 16:24 | Last Updated: November 30 2003 16:24

Schlumberger, the world's largest provider of oil field services, has retained Deutsche Bank to find a buyer for one of its remaining information technology divisions.

The disposal of Schlumberger's disaster recovery business, said to be worth more than $200m, is part of the Franco-US company's efforts to draw a line under its acquisition of Sema, the IT services business for which it overpaid.

The bulk of Sema's operations, which include an eight-year contract with the Olympic Games, were sold to Atos Origin of France for €1.287bn ($1.544bn) in September, a sharp discount to the $5.2bn it had paid for the business two years ago.

Schlumberger, which acquired Sema at a time when corporations started to cut spending on IT, announced in December 2002 that it wished to focus on oil services and took a $2.99bn impairment charge on Sema's carrying value.

The disaster recovery business, inherited from Sema, provides global financial institutions and investment banks such as JP Morgan and Royal Bank of Scotland with back-up offices and IT systems in case of emergency, and stores data for them off-site.

It has offices in several European and Asian capitals as well as in Istanbul, where the Turkish headquarters of HSBC were destroyed by terrorist bombs last month.

Schlumberger has refused to provide financial details about the business but people close to the company say it is profitable and makes sales of about $140m a year.

The price paid for businesses in the disaster recovery sector has historically been between 1.5 times and 2.5 times annual sales.

SunGard is one of several companies considering a bid. The Pennsylvania-based provider of disaster recovery services, which has made a string of acquisitions in Europe over the past five years, believes Schlumberger's division would fit well geographically with its other operations.

SunGard snapped up loss-making UK-based Guardian IT last year for £167m in cash and outflanked Hewlett-Packard in acquiring Comdisco, a rival with a strong foothold in Europe, for $825m in 2001.

Hewlett-Packard, best known for making printers and computers, is looking at Schlumberger's disaster recovery division. It is keen to expand its services in order to boost margins. Bridgepoint Capital, the private equity firm, is also thinking of making an indicative bid for Schlumberger's business.

Other suitors could emerge over the next few weeks as the sale process is still at an early stage.

However, Andrew Gould, chairman and chief executive of Schlumberger, is said to be interested in concluding a deal quickly.

The disaster recovery division is one of several Sema businesses Atos did not wish to buy when it agreed to take on most of its IT services activities three months ago.

Schlumberger, SunGard and Bridgepoint declined to comment.

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To: elmatador who wrote (179)12/18/2003 12:31:13 PM
From: Bald Eagle
   of 215
Up $3 today, right after this SELL recommendation!

SHREVEPORT, La., Dec 17, 2003 (BUSINESS WIRE) -- StockPickReport.Com (IARD#119079) makes these short-term stock recommendations:

Qualcomm Inc (Nasdaq:QCOM) - SELL

Altria Group Inc (NYSE:MO) - WEAK BUY

Jetblue Airways Corp (Nasdaq:JBLU) - STRONG BUY

US Bancorp (NYSE:USB) - SELL

Schlumberger Ltd (NYSE:SLB) - STRONG SELL

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To: Bald Eagle who wrote (180)6/15/2004 10:48:18 AM
From: elmatador
   of 215
Schlumberger Sees Double-Digit Growth

Tuesday, June 15, 2004; 10:29 AM

NEW YORK (Reuters) - Schlumberger Ltd. , the world's largest energy services company, expects earnings to grow at double-digit rates through the end of this decade, fueled by soaring oil and gas demand and increased drilling in emerging energy hubs such as Russia, the company said Tuesday.

Schlumberger, which noted this earnings growth may ebb and flow with industry cycles, said revenue at its Schlumberger Information Systems division should double by 2010.

The company, hosting an investor conference in Connecticut, said it also seeks an after-tax return on sales of 15 percent, including results from its WesternGeco seismic exploration joint venture with Baker Hughes Inc. .

The company, which has spent the past year and a half divesting assets outside of its core energy businesses, also intends to achieve return on capital employed in the upper teens on a percentage basis.

Schlumberger, however, said it does not expect to raise its quarterly dividend until earnings rise to a "higher plateau." Any excess cash after internal investments and acquisitions would be applied to stock buybacks, the company said.

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To: elmatador who wrote (181)6/15/2004 11:02:50 AM
From: Bald Eagle
   of 215

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From: hdl10/22/2004 11:16:24 AM
   of 215
slb may take a tumble if and when oil prices take a dive

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To: hdl who wrote (183)8/17/2005 1:32:02 AM
From: American Spirit
   of 215
Bushies will keep gouging and stealing from us until they fear congress is going to change hands thereby handing subpoena powers to the democrats. So enjoy the windfall profits while you can, oil companies. After that there will be investigations in the biggest ever ripoff in US history.

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From: Dennis Roth10/21/2005 6:07:43 PM
   of 215
Schlumberger (OP/A): Ex-hurricane, 3Q EPS ahead of expectations - Goldman Sachs - October 21, 2005

SLB recurring 3Q2005 EPS of $0.86 was in line with our estimate and consensus, but included $0.06 of hurricane impact vs our assumption of zero. On an apples basis, therefore, results were stronger with oilfield revenue ex-hurricane +4% vs our estimate and pretax income +5%. Results were stronger across all regions with Europe/ Africa/ CIS the star performer w/ revenue +8% + pretax income +16% vs expectations (PetroAlliance impact?). Oilfield incremental margins ex-hurricane of 33% /46% seq/ y-y were strong, but still have upside, in our view, particularly in N. America. Seismic revenue ex-hurricane was +17% vs our estimate and pretax profit was +45 with positive implications for BHI. Other income was also stronger = positive read across for SII. We maintain our OP/A rating with upward EPS revisions pending - $108 fair value.

Each of the analysts named below hereby certifies that, with respect to each subject company and its securities for which the analyst is responsible in this report, (1) all of the views expressed in this report accurately reflect his or her personal views about the subject companies and securities, and (2) no part of his or her compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this report: Jason Gilbert, Terry Darling.


Previous Goldman Sachs remarks on Schlumberger:

SCHLUMBERGER (OP/A): Raising estimates + fair value to $107
Goldman Sachs July 24, 2005
Message 21537995

SCHLUMBERGER (OP/A): The quarter we've all been waiting for
Goldman Sachs July 22, 2005
Message 21532984

SCHLUMBERGER (OP/A): No one cares about earnings - why? April 26, 2005 - Goldman Sachs
Message 21269177

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