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To: Teddy who wrote (14751)	3/13/1998 2:03:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

Gee, Jeffries & co. thanks for downgrading after these stocks have tanked. Well, it's official now. We have hit bottom. (ggg) Analysts, gee ya give someone a brokerage letterhead and a highschool degree and they go to work. -Lucretius

To: Teddy who wrote (14751)	3/13/1998 2:14:00 PM
From: A. Fineigler	Read Replies (1) \| Respond to of 95453

Good news on the downgrade - means we're due for a rally. Decry and buy season for the big players. AF

To: Teddy who wrote (14751)	3/13/1998 2:15:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 95453

Friday March 13, 10:54 am Eastern Time Venezuela to boost taxes as oil squeezes budget CARACAS, March 13 (Reuters) - Venezuela will increase taxes rather than cut spending to stop its budget deficit widening, Planning Minister Teodoro Petkoff said, local papers reported Friday. As government revenues continue to suffer from falling oil prices, Petkoff also said the government would remove exemptions from its 16.5 wholesale tax rather than introduce a Value Added Tax -- which would take longer to implement. ''With oil prices $2 below those we budgeted, the wholesale tax rate will remain the same but with exemptions removed,'' Petkoff told financial daily Economia Hoy. Venezuela has already slashed $2.6 billion from planned spending this year as it struggles to cope with slumping oil prices that fell to nine year lows this week. Oil revenues account for over one half of government income and Petkoff did not rule out the possibility of further cuts if oil prices continued to fall. The government had earlier mooted the introduction of a Value Added Tax, but Petkoff said eliminating exemptions on the wholesale tax was more likely.

To: Teddy who wrote (14751)	3/14/1998 11:56:00 AM
From: HH	Respond to of 95453

Teddy, there was an article in Jackson MS Clarion-Ledger regarding FGII. Brissonneau-and Lotz marine is a French subsidary of FGII. They make mooring systems and cranes used on ships and oil rigs. this company was part of France Marine that FGII recently bought for 20 million USD. "Our shipyards are currently involved in eight semisubmersible deepwater projects. and we have positioned ourselves as a leader in the deepwater construction market" JL HOLLOWAY" "We believe the BLM operations will complement this strategy by producing critical equipment for the deepwater and jackup markets" JL HOLLOWAY HH