Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (274658)	7/13/2002 8:30:35 PM
From: Arthur Radley	Read Replies (2) \| Respond to of 769670

Who says war isn't great for a select group? And to think, Shrub's 9-11 lapse has let the American's attention be diverted from the total collapse of corporate honesty and allowed of all companies to have this feeding at the trough of American tax dollars.. Read closely what this Halliburton contract allows and tell me that we won't have more invasion of third rate countries in the future...when Shrub needs a new diversion as this scandal a day grows. If we are invading countries and labeling certain ones as the "axis of evil", could someone tell me why Saudia Arabia isn't in the mix, when you consider that 19 of the hijackers on 9-11 were from this country....Now isn't that a stupid question to pose about Saudia Arabia and a Prez with the name Bush. "In Tough Times, a Company Finds Profits in Terror War By JEFF GERTH and DON VAN NATTA Jr. ASHINGTON, July 12 — The Halliburton Company, the Dallas oil services company bedeviled lately by an array of accounting and business issues, is benefiting very directly from the United States efforts to combat terrorism. From building cells for detainees at Guantánamo Bay in Cuba to feeding American troops in Uzbekistan, the Pentagon is increasingly relying on a unit of Halliburton called KBR, sometimes referred to as Kellogg Brown & Root. Although the unit has been building projects all over the world for the federal government for decades, the attacks of Sept. 11 have led to significant additional business. KBR is the exclusive logistics supplier for both the Navy and the Army, providing services like cooking, construction, power generation and fuel transportation. The contract recently won from the Army is for 10 years and has no lid on costs, the only logistical arrangement by the Army without an estimated cost. The government business has been well timed for Halliburton, whose stock price has tumbled almost two-thirds in the last year because of concerns about its asbestos liabilities, sagging profits in its energy business and an investigation by the Securities and Exchange Commission into its accounting practices back when Vice President Dick Cheney ran the company. The government contracts, which the company said Mr. Cheney played no role in helping Halliburton win, either while he led the company or after he left, offer the prospect of a long and steady cash flow that impresses financial analysts.