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To: patron_anejo_por_favor who wrote (77602)	10/31/2000 11:16:47 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

OT Patron, that was a most fascinating article, chock-a-block full of great data. Those money supply numbers really caught my eye. Wow! Do you have any comparable numbers for the Euro zone? Might make an interesting comparison study. The unwinding of all this crazy lending typically occurs in two ways: 1. Credit crunch/drying up of liquidity - recession. 2. Desperate money pump which only delays the inevitable and makes it worse by adding rampant inflation to the mix - bad recession. I haven't decided which way this is all going to fall out, which is why I'm on the sidelines watching. Those recent money supply numbers make number 2 a distinct possibility and would favor hard assets tremendously, as the inflationary part of the cycle gets drawn out in time. At any rate, it would seem that we'll know in a matter of months as the data will become clearer and we get a better idea of which way this credit cycle breaks. Lots and lots of cross-currents right now. It might pay investors to have Plan A, B, and C. <g> Things were a lot simpler in '97 - '98, a blind man could see a boom coming. It will be interesting to see if we begin to see inflation psychology take off and people begin to shift money into hard assets. Todays existing home resale numbers are remarkably strong. Are we beginning to witness a major shift in asset classes by investors? Where will all that cash go? Don't know, let's wait and see.

To: patron_anejo_por_favor who wrote (77602)	10/31/2000 11:51:47 AM
From: jim_p	Respond to of 95453

Last day of mutual fund tax selling. Next year I promise to be out of the market for both September and October. Just picks up a lot more MVK at $15.25. Jim Friede Goldman Halter Announces New Projects Totaling Over $53 Million Tuesday, October 31, 2000 10:48 AM Mail this article to a friend GULFPORT, Miss.--(BUSINESS WIRE)--Oct. 31, 2000--Friede Goldman Halter, Inc. (NYSE:FGH, news, msgs) today announced that it has new projects with a combined value of more than $53 million, excluding options. -- Halter Marine, Inc., has signed a contract with Vessel Management Services, Inc., of Seattle, Washington, for the construction of a 150,000-barrel, oceangoing, double-hulled articulated tug-barge (ATB), with options for up to five additional units. The barges will be built at Halter's Port Bienville shipyard in Pearlington, Mississippi, and the tugs at its Moss Point Marine shipyard, in Escatawpa, Mississippi. -- Halter Marine, Inc. has signed a contract with Waller Marine, Inc., of Houston, Texas, for the construction, integration and commissioning of two 150' power-generating barges for ultimate use in West Africa. The barges will be built at Halter Marine's Moss Point Marine shipyard, in Escatawpa, Mississippi, and outfitted at Friede Goldman Offshore's Pascagoula East facility. -- Friede & Goldman, Ltd., has received a contract from Noble Drilling Corporation, of Houston, Texas, to perform design engineering for phase one of the upgrade of the Noble Ilion semisubmersible, which would involve upgrading the hull. The work on this upgrade is scheduled to be performed at Friede Goldman Offshore's facility in Pascagoula, Mississippi. In addition, Friede Goldman Halter's Engineered Products Group announced that its BLM unit was awarded a contract from the Hudong Shipyard in China for deck machinery and a contract from Stolt Offshore for two offshore cranes. In addition, its AmClyde unit was awarded a contract from MODEC for fabrication of Tendon Support Buoys. "Halter Marine is an industry leader in tank barge construction and conversion," said John Alford, president and chief executive officer of Friede Goldman Halter. "This is an area of increased marketing effort. Including our prior announcement of September 12, 2000, we have now announced over $100 million in new projects. The vessel segment continues to add contracts with options, and, historically, Halter Marine has had great success in converting options into contracts. "Our Friede & Goldman engineering division is very active with project-specific work, which we believe is a good indicator of business to come. We are encouraged by the activity being generated in the offshore segment." Friede Goldman Halter is a world leader in the design and manufacture of equipment for the maritime and offshore energy industries. Its operating units are Friede Goldman Offshore (construction, upgrade and repair of drilling units, mobile production units and offshore construction equipment), Halter Marine (construction of ocean-going vessels for commercial and governmental markets), FGH Engineered Products Group (design and manufacture of cranes, winches, mooring systems and marine deck equipment), and Friede & Goldman Ltd. (naval architecture and marine engineering). Note: This press release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of The Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Friede Goldman Halter expects, believes or anticipates will or may occur in the future, are forward-looking statements. These statements are based on certain assumptions and analyses made by Friede Goldman International Inc. in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Friede Goldman Halter and which are discussed in Friede Goldman Halter's Registration Statement on Form S-1 and the 1999 Annual Report on Form 10-K. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.