The Zacks Analyst Blog Highlights: Schlumberger, Halliburton, Xerox, Canon and ...
.Outlook
Going forward, Schlumberger anticipates benefiting from demand improvement in select North American basins, as operators continue to focus on investing in exploring unconventional resources.
The oilfield services behemoth believes that bullish near-term U.S. land drilling trends, with activity driven by horizontal drilling and liquids-rich plays, will be supported by high oil prices.
Our Recommendation
Schlumberger shares currently retain a Zacks #3 Rank, which translates into a short-term Hold rating. We are also maintaining our long-term Neutral recommendation on the stock.
We like Schlumberger's lead position in the global oilfield services market, along with its technologically complex product and service offerings as well as its robust financial profile. Moreover, we believe the company will benefit in the next several quarters from the continued shift in drilling activity to liquids from gas and the restructuring of its U.S. land operations.
The current uptrend in oil prices is expected to encourage operators to maintain their spending levels. Moreover, the company's long-term prospects remain positive, given its strong international footprint, particularly in Eastern Hemisphere.
The company's competitor, Halliburton Co. (NYSE: HAL ), the second-largest member of the oilfield services contingent, also reported better-than-anticipated second quarter earnings, helped by the strength and sustainability of the all-important North American onshore activity levels.
Xerox Exceeds Estimates in 2Q
Xerox Corporation (NYSE: XRX ) reported a net income of . Lower sales (down 4% year over year) negatively impacted revenues, despite a 5% growth in revenues from service, outsourcing and rentals.
Gross margin in the quarter declined slightly to 33.4% from 34.8% in the prior-year quarter, whereas operating margin rose to 10.4% from the year-ago level of 10.1%.
Segment Performance
Revenues in the Technology segment remained almost flat at a year ago. The deterioration in cash flows was due to lower accounts payable and accrued compensation, higher net tax payments and higher contributions to pension benefit plans.
Guidance
Xerox anticipates GAAP and adjusted EPS of 20 cents–22 cents per share and 24 cents–26 cents per share, respectively, for the third quarter of 2011. For full year 2011, the company expects GAAP earnings between . The company is highly focused on expanding its business globally based on its well knitted distribution network. The company has also identified huge opportunities in the domestic markets as well as in the emerging markets for expanding its business.
Halliburton Outsource Jobs - News
Lower sales (down 4% year over year) negatively impacted revenues, despite a 5% growth in revenues from service, outsourcing and rentals. Gross margin in the quarter declined slightly to 33.4% from 34.8% in the prior-year quarter, whereas operating

(AKA Xe,) and Halliburton. This outsourcing, in combination with recent reporting, indicating that Republicans would consider defense budget cuts would seem to indicate a direct loss of private sector jobs as a result of federal budget cuts.

A counterpoint, of sorts, was provided in June 2005 by Paul Cerjan, at the time vice president of worldwide military affairs at Halliburton/KBR, then a major contractor in Iraq. Asked why outsourcing was cheaper, he told the US PBS television network:

Remember when people who wanted Nice Things begrudgingly paid taxes for them, instead of letting Wall Street and the Banks outsource all your jobs, bundle all your mortgages, foreclose on your neighbors, and send all your money to Halliburton,

I have written two books on this subject—Halliburton's Army and Iraq, Inc.—as well as numerous articles and reports such as “Outsourcing Intelligence in Iraq,” which was produced in collaboration with Amnesty International.
Are the Teabogs Traitors, Serving a Southern Neoconfederacy ...
Simple plan of the Neocons, using Libertarian and the very braindead teabog ditto's lapping up rush's oxy driven rants with a simple goal to cripple the governments ability to regulate the last morsals of pure profit according to the Neocons. Clean air and water to us. Safe work places and fair living wages are not extravagances. Health care is a natural right to Life. None of this is complicated. Look at the results not the means they use to get them. If at the end of the day you end up paying for international corporations tax breaks what is the point? Swiftboats protesting the protesters like ACORN getting the poor housing. Those bastards. Forfeiting homes is the new Merkin way. Greedy punks sucked in like Brownshirts and the Youth League. How can History repeat itself when Rupert and Bill Bennett are in charge of writing it? Using the Constitution against the people granting non humans free speech. Making vegetables Commerce or Using burlap to raise "marihuana" eradication statistics to prove they are winning. Those and the dead bodies and fake hospital statistics. The prohibitionists planting employees into legislating profits has been a routine of the Ganjawar. It worked so well they're going Nationwide. It doesn't matter what you say only what they hear and getting elected. The more fear the more protection is sought. Rush or Clinton will provide it. It's not real, its all in your head listening to TV story tellers. But you are paying for it in tax and giving up something local to pay for it. Transferring funds from local communities to DC and Wall St. Tax breaks for the rich are paid by the workers to fix the roads, the rich tear up. We pay for the wars the rich wage and sell war toys and spy gadgets and then drugs and bandages and wheelchairs for. Taxing service workers takes away from the needs of the handicapped and more and more are veterans on entitlements. Pro life Bible Belt pesticide abortionists. Where are the OpMissqued? When the rich shelter their tax obligations in bogus Philanthropy Roundtables like the xdrug tzar Walters founded. Takes the burden from corporations having to decide what charity to shelter. So Walters funds Calvina Fay propaganda groups and PDFA FRC Califano and Sembler rehabilitation asylum investments. Iran Contra. Koch Bros renting room and board and healthcare paid by taxes. Soros and Monsanto buying seed banks. Middle Eastern Fossil fools hydrocarbons or homegrown local carbohydrates... both make plastic, oil and fuel.
Halliburton Outsource Jobs - Bookshelf
Network World
DECISIONS Halliburton group turns to outsourcing BYJOANIEWEXLER Houston Halliburton Energy Services last week said it has assembled an outsourcing team so ...Halliburton's army, how a well-connected Texas oil company revolutionized the way America makes war
Paul Cer- jan, then director of Halliburton/KBR's worldwide military logistics operation, explained what was outsourced and why in a Frontline interview, ...Mudpacks and Prozac, experiencing Ayurvedic, biomedical and religious healing
Other than recent global outsourcing work (Poster 2007), which has little relation to the lives of most people I met in Kerala. 4. ...The Shrinking Middle Class, Why America Is Becoming a Two-Class Society
The company has, hitherto, outsourced 12000 jobs to India. ... Halliburton is helping reconstruct Iraq with $73 million in equipment and services. ...Development and application of a multi-period project selection and engineering staffing model including options for alternative assignments and personnel reductions
At any one time, approximately 30 projects are in various stages of work with ... The team leader also may contract for outsource work or recommend hiring ...Everyday Information Directory
Yahoo! Message Boards - Halliburton Company - Wall Street ...
Discussion forum to express your opinion on stock topics for Halliburton Company (HAL) message board ... Re: Wall Street Outsourcing Jobs Due to Dodd-Frank ...
Halliburton jobs in Houston, TX - CIO
125 Halliburton jobs in Houston, TX available on CIO.
New Web Site Tracks Companies Outsourcing Jobs
Outsourcing Jobs. September 24, 2004. It is a well known fact that in ... Halliburton companies have exported mining, manufacturing and wholesale trade jobs ...
IWR Photo Bush Cartoon - Monkey Pants Loves Outsourcing!
[GOP Playing Cards] [IWR eZine] [Links] [More IWR Parodies] [Parody ... Monkey Pants Wants to Outsource Your Job Overseas 2/12. Pickles vs. the Ozone Layer 2/11 ...
Halliburton to move jobs from Duncan to Houston | Tulsa World
DUNCAN — Officials with Halliburton Co. say about 150 jobs at the Halliburton Technology Center in Duncan will be moved to Houston during the next two years.