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Interactive Week: Rigging For Tech

Mar 20, 2001, 22:30 (0 Talkback[s])
(Other stories by Robert Bryce)

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"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 Web-based interface...."

"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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