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To: Tulvio Durand who wrote (23279)	6/2/1998 2:14:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Nothing wrong with the company. I visited them recently and they are steady looking at way to grow. They have historically been THE most conservative, slow moving company in the business. They are frequently mentioned as a takeover candidate, but I know nothing of that. Just a victim of this bloody market in the sector. Looks like the bottom may in fact be today. I am encouraged by the market action...not that it means anything, but I am encouraged. big

To: Tulvio Durand who wrote (23279)	6/2/1998 6:18:00 PM
From: Czechsinthemail	Read Replies (2) \| Respond to of 95453

The drop in ATW is related to a damaged rig estimated to cost the company $2.5 - $3 million in lost income: biz.yahoo.com [I see this news has been posted several times, so I'll simply add that it's a big chunk of change for a company the size of ATW. The company may have further downside pain if the market discounts the market cap to reflect the loss. At 25x earnings, you would expect a drop in market cap of $87.5 million - $100 million to discount the $3.5 to $4 million in lost income.] Baird