"Oil industry powerhouse schlumberger has launched a $6 billion
foray into information technology, making observers wonder if it's
drilling a very deep, dry hole - or on the verge of hitting gushing
success in the New Economy."
"Just five weeks after Schlumberger announced a $5.2 billion bid
for information technology (IT) firm Sema, the oil field services
giant is launching a company called MetaDot. The start-up will
provide custom open source-based Web software and systems
integration services to small and midsized companies, selling
software to link multiple facets of a company's operations to a
"Schlumberger Chief Executive Euan Baird said the deal with
Anglo-French systems integrator Sema will "create revenue
synergies" in many of Schlumberger's businesses, including wireless
technology. It will also let the company offer a wider range of
computer services to its energy clients, he said."
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