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To: marc chatman who wrote (27874)	8/17/1998 9:29:00 AM
From: SJS	Read Replies (1) \| Respond to of 95453

09:12 ET EVI Weatherford (EVI) 19: DLJ lowered Q3 estimate from $0.70 to $0.50, cuts Q4 from $0.75 to $0.48 and FY99 from $2.80 to $2.60. However, firm believes Friday's 4 pt selloff on earnings warning was overdone.

To: marc chatman who wrote (27874)	8/17/1998 11:28:00 AM
From: Thomas J Pittman	Read Replies (3) \| Respond to of 95453

I dont mean to just stand and gape, but this is the most incredible, most vicious drop, I have ever witnessed. These stocks are getting completely obliterated. This is wiping out, what, 2? 3 years of gains in a few weeks. Damn! I am trying to fix this in my mind a learn something from it but right now I am just amazed. What earnings levels do you think we will be at for the best of the these cos? (RIG, SLB, DO, TDW....) when all of these downgrades come in. It might be that the PE's are not yet low enough to account for those drops in which case the price would get killed even more. Geez. J