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To: SliderOnTheBlack who wrote (60197)	2/14/2000 10:02:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

Boiler Room Ticks Feed on Sleeping Dog! Slider: ". I don't think that TDW is a "watch" stock, or an indicator for "Deepwater" - ie: Offshore Rig Newbuilds." Comment: The operative words were "I don't think". We again agree! You don't think, parrots rarely do! If TDW's (as the worlds largest Offshore Service Company)new build program is not an indicator of future Deep Water Exploration, perhaps you would share with us a BETTER indicator. The Company has obviously consulted with its customers before embarking on such an ambitious plan AND I suggest they MAY KNOW more about this business than YOU or anyone else who post here. Slider: "My point; is that no one knows "if", or to what extent FGH will remain, if at all; in the shipbuilding business. If they stay in the lines of the TDW orders; then that is good news. My point is merely that no one knows "IF" FGH is in, or will stay in the shipbuilding side, or what areas..." Comment: FGH/IR has stated the Company is uniquely equipped to bid the TDW contracts competitively and aggressively. I would not regard this part of the Halter acquisition as non-strategic. Quite the contrary, it was exactly these capabilities which Holloway sought in expanding and equipping Friede to meet perceived DEMAND for services in the coming years. Absence of proactive PR by FGH not withstanding, the Company is on track with its strategic plans for future growth of the company which WILL ULTIMATELY result in significant GROWTH in shareholder VALUE. Count on it! SargeK