July 9, 2010 (FinancialWire) (Investrend Research Syndicate) (Go to http://www.financialwire.net/?s=vlngnlv+updwngrds for more ValuEngine upgrade & research articles.) — ValuEngine, Inc., has upgraded Diamond Offshore Drilling, Inc. (NYSE: DO) to a "5" rating, the service’s highest. Company summary analytics and an industry research report by ValuEngine on DO is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=DO).

The ValuEngine Rating is an overall assessment of a stock's attractiveness. It combines the following five factors: ValuEngine’s proprietary valuation, risk-return tradeoff, momentum, market capitalization and ValuEngine’s proprietary forecasted one-month return.

Approximately 80 to 85 companies achieve this highest ValuEngine rating out of VE’s total coverage of over 5,000 publicly traded companies.

Diamond Offshore Drilling, Inc., operates as an offshore oil and gas drilling contractor worldwide. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. is a subsidiary of Loews Corporation.

ValuEngine is a subscription-based business intelligence, market and equity analysis firm that provides exclusive, customized research and analysis solutions directly to companies, investors, investment banks and broker-dealers. A special arrangement between the Investrend Research Syndicate and ValuEngine provides for preferred introductions and complimentary value-added services for those enrolling into ValuEngine programs. For more information, including the option to arrange a preferred introduction to ValuEngine, go to ValuEngine’s dedicated Investrend Syndications webpage (at http://www.investrend.com/valuengine).

The Investrend Research Syndicate (http://www.investrend.com/research/syndicate), a proprietary entity of Investrend Communications, Inc., distributes equity research-related information issued by sources deemed to be dedicated to unbiased, reliable and transparent analytics. The primary measure for vetting those sources is the “Standards for Independent Research Providers” (http://www.investrend.com/FIRST/standards) as promulgated by the FIRST Research Consortium (http://www.investrend.com/FIRST).

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