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Market Update : 
McDermott Q3 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 11:46 AM ET December 01 2008


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Tahira Afzal - KeyBanc Capital Markets

Great. And then in India, we have seen sort of McDermott''s name mentioned in terms of headlines in terms of the nuclear build out in India. I would love to know what kind of role you are playing as of right now. Is it more of an advisory role and what you are looking to do over there potentially?

John A. Fees

We have been involved with the U.S. government in the dialog as well as a number of other nuclear suppliers out of North America and Europe looking at the potential of the market for India and we have certainly not ruled out any kind of level of participation relative to that market. And it does have some potential for us, but I would say that those discussions at this point would be what I would classify as preliminary.

Tahira Afzal - KeyBanc Capital Markets

Okay, great. And then if you were to look at what you''d highlighted earlier on John, in terms of taking a more aggressive stance in terms of the power market and trying to gain market share in the U.S. How does that stand and what will be some of the milestones we can look at in terms of seeing whether you are gaining any traction over there?

John A. Fees

Pardon, on which particular market, I did not quite get that.

Tahira Afzal - KeyBanc Capital Markets

Which segment? Your power group.

John A. Fees

On the international, I think you think--

Tahira Afzal - KeyBanc Capital Markets

Mistake.

John A. Fees

Outside of the United States.

Tahira Afzal - KeyBanc Capital Markets

Within the U.S. or do not have any market share gain plans within the U.S. either?

John A. Fees

I think if you take a look at domestic U.S. I think the predominant focus there is going to be to capture and execute the highest quantity and quality of work that we can, in the area of the existing installed base over the next 12 to 18 months. And we do have, we have very good market share there and I would not expect that to change radically either way because you generally focus in and around of the market share you have. That being said, we are experiencing a higher level of service volume on our market share than what we have had last year within ''08, so I would expect that however to be roughly consistent with what we''ve got.


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