Released on: October 6, 2008, 9:07 am

Press Release Author: Andrew Kerr

Industry: Financial

Press Release Summary: SADIF-Investment Analytics SA has applied its StockMarks™
stock-rating system to Williams Companies Inc. and produced a research report,
rating the company's attractiveness to long-term investors.


Press Release Body: Mira, Portugal – October 6th, 2008 – SADIF Investment Analytics
SA, today announced the release of a new equity research report covering Williams
Companies (NYSE:WMB). The report utilizes SADIF's powerful StockMarks™ stock rating
system and is required reading for any current or potential Williams Companies
investor.

Report Summary: Shares of US energy company Williams have fallen sharply over the
past three months due to declining natural gas prices and the general weakening of
the US market. In the second quarter of 2008, Williams announced that net income
increased by less than a single percentage point over the same period a year earlier
due to lower income from discontinued operations. In contrast, the average price of
natural gas for the quarter rose 49% from the 2007 period. Williams's natural gas
production also increased during the quarter. Higher depreciation, depletion and
amortization, higher operating taxes and higher lease operating expenses partially
offset the gains from the quarter's high natural gas prices. With the significant
drop in natural gas prices since July, the market is clearly starting to question
Williams's prospects given its rising expenses. Nevertheless, the company reported
first-half net income of USD 937M, a 65% increase over the first half of 2007. Given
the volatility in the company's results over the past years, it is important to take
a long-term view of the company's financials to determine whether Williams shares
represent a good investment. We can assess Williams's long-term outlook through the
use of the StockMarks framework. Williams currently has an overall long-term outlook
rating (Total StockMark or SMT) of 23, rating the company well below the US market
average and placing it tied for last place when compared to ten of its closest
peers, selected on the basis of similarity of business and market positioning.

The complete report breaks down the Total StockMark into its three components –
Business, Management and Price, performing a thorough analysis of Williams Companies
for long-term investors.

A summary of the StockMarks™ ratings for Williams Companies is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=WMB&cod_country=125

The report has been distributed to Reuters, and forwarded to Yahoo Finance and
FT.com. It is available under 'Analyst Reports' from these websites or directly from
SADIF-Investment Analytics SA at
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_article=150&cod_country=125


About SADIF-Investment Analytics SA
SADIF-Investment Analytics SA is an independent investment research company covering
sixteen different markets and over 12,000 companies. Our StockMarks™ system is based
on proven investment principles and is designed to drive long-term shareholder
returns.



Web Site: http://www.sadifanalytics.com

Contact Details: Company: SADIF-Investment Analytics SA
Address: AIBAP,
Rua do Matadouro,
3070-436 Mira, Portugal
Phone Number: (+351) 231849038
Website: www.sadifanalytics.com
Contact Person: Andrew Kerr
Position: Head of Equity Research