PDA drag panel
BUSINESS ANALYSIS DECADAL
: Global Marine Inc. provides offshore drilling services on a dayrate basis and offshore drilling management services on a dayrate or turnkey basis. For the 3 months ended 3/31/00, revenues fell 10% to $204.1M. Net income decreased 66% to $12.6M. Revenues reflect lower avg. rig utilization and dayrates for contract drilling. Earnings also sufferred from increased drilling management expenses and the expenses for a restructuring plan.