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To: Big Dog who wrote (37291)	2/11/1999 8:35:00 AM
From: James Cherney	Respond to of 95453

Any idea when WFT's numbers will be released??

To: Big Dog who wrote (37291)	2/11/1999 9:08:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Your boy JL was on CNBS this morning. I think it was a decent interview. Mark Haynes started by saying he owns some FGI. He asked JL why things were going so well for FGI as opposed to some of his competitors. JL talked about his business plan initiated a couple years ago and how they haven't strayed from it. He said GIFI is not a competitor, but HLIX is in some segments. Haynes sort of repeated the first question, but this time mentioning the poor industry conditions. JL said that unlike some other companies, FGI didn't load up with debt in the past year or two. He said the business plan has been executed without any mistakes. He said FGI may be looking for acquisitions. Guest host Rick Shottenfeld asked JL if, looking forward, FGI's business would be lower margin work. He mentioned the cancellation of a rig lease, which, if it had not been cancelled, would have translated into a significant work order for FGI (I think he said in Canada). JL responded that FGI is not taking lower margin business, and in fact FGI has turned away low margin work. JL admitted that margins may be trending slightly lower. But he also said that the recent deal for the rig in Brazil would showcase FGI's ability to do full implementation of rig design and construction, and he expected more business like that in the future. He spoke about FGI having the best technology and how that would ensure FGI would continue to get good work in the future. He said FGI had gotten some more small orders in the past week and that business in the Canadian and European yards was good. Nothing really mentioned regarding the stock price. I think that's about it.

To: Big Dog who wrote (37291)	2/11/1999 9:16:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

FGI It will be interesting to watch market reaction to FGI announcements and appearance with Haines (a FGI shareholder). In addition to the favorable earnings, the quality of the backlog and new contracts is even more interesting. The company has been turning down low margin business and staying with their roughly 20% margin on projects. This definitely bodes well for the future of the company in general and growing profits - specifically. Although some curves were thrown by Haines and the co-host, Holloway handled them quite deftly. If the company doesn't get a significant pop on this kind of news, then the OSX is in deeper jeopardy than the general assumptions. I am adding FGI to GIFI as an indicator stock for forecasting the sector. It was interesting to learn the companies are not in direct competition with each other. I'm holding with my prediction of OSX above 60 and growing by the end of next month. K

To: Big Dog who wrote (37291)	2/11/1999 10:27:00 AM
From: JZGalt	Respond to of 95453

Yawn! Even a good stock in a poor sector is unlikely to move. Briefing.com also has a favorable blurb this morning, but the market is acting like they just barely made the estimates. Yawn!