LWD is dead. Weatherford is, if they survive, going to end up back to running casing/tubing, software (as that is the new love child and they have teamed with IBM), and Artificial Lift. The rest is going to be cast aside and even some of the groups in their core may have to be let go to keep this one afloat.
This is what I am afraid of as well. I think that we have a long period of "restructuring" (read:layoffs) ahead of us, and I am not sure anybody is truly safe...