	smith international inc sii th qtr loss newport beach calif shr loss dlrs vs loss dlrs net loss mln vs mln revs mln vs mln year shr loss dlrs vs loss dlrs net loss mln vs loss mln revs mln vs mln note current qtr net includes pretax charges of mln dlrs against inventory adjustments and currency costs related to fluctuations of italian lira current year net includes pretax charges of mln dlrs for provision to reduce carrying value of excess capital assets and to writedown certain inventories and other assets also includes charges of mln dlrs covering costs of workforce reductions relocation and chapter year ago net includes pretax charges related to judgment against company in litigation with hughes tool co of mln for qtr and mln dlrs for mths reuter 
