Smith International, Inc. is a leading worldwide supplier of products and services to the oil and gas exploration and production industry, the mining industry, and industrial markets.  The Company, headquartered in Houston, operates through five business units and employs approximately 7,300 full-time personnel.  The Company's common stock is traded on the New York and Pacific stock exchanges under the symbol SII.

The Company's five business units - M-I Fluids, M-I SWACO, Smith Tool, Smith Drilling & Completions and Smith Diamond Technology - provide a comprehensive line of products and engineering services.  These include drilling and completion fluid systems, solids-control equipment, waste-management services, three-cone drill bits, diamond drill bits, drilling tools, fishing services, underreamers, sidetracking systems and liner hangers.