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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: pt who wrote (54434)	11/11/1999 2:54:00 AM
From: pt	Respond to of 95453

The FGH earnings numbers may be dropping more: thomsoninvest.net First Call Consensus Estimates (11/10/99) Period Mean EPS # of Brokers Year Ago EPS Q3 (Sept/99) -0.36 6 0.37 FY (Dec/99) 0.51 6 1.40 I don't know how reliable thomson is, but if the first call mean is now down to $.51, things don't look good. pt

To: pt who wrote (54434)	11/11/1999 9:58:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

FGH – Some things are WORTH repeating: Holloway: “We are very pleased to have the strong support of our shareholders for this merger,'' said J. L. Holloway, who will serve as chairman and CEO of Friede Goldman Halter. ''Creating shareholder value is the foremost job for management, and we are gratified to have the endorsement of our shareholders for our strategic plans for the combined company. We believe that the timing of the merger could not have been better and that the company is in a strategic position to take full advantage of the improved market conditions we anticipate. This merger positions us as the global pacesetter in this industry for providing total integrated services.'' biz.yahoo.com Actions slated for completion prior to year-end 1999 include:  Close Friede's corporate offices in Jackson and combine management personnel at Halter's existing corporate headquarters in Gulfport.  Close TDI-Halter's Houston sales office and consolidate all marketing and development activities related to the offshore energy industry at Friede's Houston office.  Evaluate the profitability and efficiency of all production facilities, and identify facilities for sale, closure or reallocation of use.  Implement administrative and employee benefit programs and work policies that reflect best practices of each of the Friede and Halter organizations.  Implement a shared services organization that will provide enhanced corporate services at a lower overall cost. ''Over the longer term, we anticipate achieving significant savings through the implementation of a company-wide strategic sourcing program for the purchase of parts and materials, as well as through the successful integration of our complementary offshore and engineered products businesses,'' Holloway said. ''With market conditions in the important offshore energy business steadily improving, we intend to provide greater value than ever before to our customers and maintain and build market share.'' biz.yahoo.com You must believe that none of the above actions will enhance the BOTTOM LINE. I believe otherwise. This is what honest debate is all about. Good luck! SargeK Earnings Estimates: quicken.com