Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Merrill Keeps Halliburton Rating

Merrill Lynch keeps near-term neutral and long-term buy on Halliburton (HAL)

Analyst Kevin Simpson says the SEC's move to investigate the company's accounting practices for cost overruns is not surprising amid post-Enron era accounting concerns. He notes Halliburton began recognizing a portion of unapproved claims on lump sum contracts in 1998, altering its more conservative method of waiting for a resolution with its customer. He says customer disputes are not unusual for lump sum engineering and construction contracts, and Halliburton has a solid track record of recovering most, if not all, of disputed items. Simpson sees $0.85 2002 earnings per share, and $1.40 for 2003.

blog comments powered by Disqus