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RBC Capital Markets said in its report the deal would receive "significant scrutiny from regulators"and that Halliburton will likely need to divest parts of its drill bit business, logging-while-drilling imaging business, cementing business, and drilling fluids business to comply with regulations.
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Even if they did come down a bit, businesses are unlikely to invest more until they see more demand for their products.
Therein lies the opportunity for major new bit businesses.
The report said that by acquiring Smith's drill-bit business, Schlumberger would secure a "critical link" in the chain of products and services that it sells to oil and gas producers.
Besides, most of the companies in the bits business make money by helping companies in the atoms business..
"And Google understands that it needs a deeper knowledge of product design and hardware to get the most value from its bits business, search and search advertising".
Looks a decent bit of business, that.
I STARTED flying quite a bit for business around 2002.
Let's talk a little bit about business.
We do quite a bit of business with our pillows.
("Damn these skinny jeans!" Mr. Mac hilariously interjects when struggling with this bit of business).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com