QUESTION: Greg, As you asked, I have taken a quick look at Global Crossing. I think it is a close call, but they certainly have a decent shot of making it (by "making it" I mean the equity will have value and the company will not be restructured through bankruptcy). Their assets, customers, and cash might marginally outweigh the debt load that the company has. Most importantly, they definitely have a currency (Global Crossing stock) that has more value than anything in EBS. If there is a potential deal to contribute assets of EBS into Global Crossing in exchange for equity, then I would recommend pursuing it even if it means contributing up to $100 million in cash to get it done. However, I would make sure that Enron has no more contingent liabilities, consolidated burn or cash commitments. The real question is will Global Crossing want what we have at any price. I suspect that once they perform due diligence, they will "run away" (just as the knights did when faced with the killer rabbit in Monte Python's Search for the Holy Grail). Thanks,
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ANS: Assessment of Global Crossing
Mike & Cheryl - We heard yesterday about Cheryl's illness. You guys have been such special friends to us, we both wanted to know if there was anything we could do to help. If Cheryl is going to be going down to MD Anderson for treatment, either on an outpatient or inpatient basis, consider this: our house is less than a ten-minute walk from MD Anderson. We have a spare bedroom and free parking. If it works out that Mike drops Cheryl off and needs a place to stay, either overnight or periodically during the day, we'll leave a key at the front desk of the Spires and one (or both) of you can base out of our place. And if you need someone to take care of the menagerie up north, I'm sure we can figure out how to get that done while you're staying down south. Remember that I make the reverse commute up there every day, and you both have a lot of friends and co-workers that can pitch in to help out. We think the world of you guys and want to help. Let us know how we can. Kim & John
Q: What is a potential subject line for this email?
answer: Checking in...
I finished the ride! I again want to say again to all of you for supporting my ride. Your donation is for a good cause. Finally, your cancelled check to the National MS Society will serve as your tax receipt. Please send me an email if you have any questions. Below is my story if you wish to read more. ======================================= Prologue Should I do it or not? This was a question that had to be answered.....and soon. This question had been lurking in the back of my mind since I'd already seen some gnarly bike crashes before and I've heard all the nasty stories about them. So I was basically reluctant to do so, but I was obviously curious about it and so I had mixed feeling altogether. I jumped on the internet for some perspective and discovered the pros and cons. I figured, if I did happen to be involved in a pile-up, then I'd be sorry. In the end, I did it. In the tradition of cycling, I decided to shave my legs! Day One - 100 miles My alarm sounded off at 4:30 and I jumped out of bed, quickly dressed, and threw my gear into my Jeep and hit the road. The MS150 ride started at 7am. And with 10,000 riders participating, my goal was to avoid as much traffic as possible. Thankfully, the team I rode with (Sun & Ski Sport) started in the number two position. bp, the corporate sponsor, started off the race. It should be noted that my ride started at Tully Stadium (Dairy Ashford/I-10) as opposed to Rhodes Stadium (located in Katy) and so an extra 15 miles were immediately tacked on. From my POV, this day's ride was no different from any other I did in the preceding weeks other than the fact that it was longer by about 40 miles. After the start and once the crowd thinned out, I got into my groove (after pulling over for a quick relief stop) and stayed within my own and kept a moderate speed with a high cadence. The sun was above the clouds, but while en route a large, dark menacing cloud seemed to head my direction, but thankfully it amounted to nothing and the cloud cover remained most of the day.
Answer: 2002 bp MS150
Here is an email: Ken, Attached is the form of tasking letter. Please fill out Part I or have Karl Durant fill it out as best we can. You can return the form to me and I will forward to High Mountain for execution.
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A: High Mountain Tasking Letter
Q: Sorry we've been out of touch lately. We were on vacation (sailing in the Virgin Islands) the week of Thanksgiving and were pretty busy getting ready for it the week or two before that. There was a big swim meet in San Antonio last weekend that T wanted to see so we drove out for that (yawn). I didn't even know you were leaving BA! I knew you had been sort of looking around for a while but didn't realize you had made a decision. What's the story? We're planning to have people over (it's the egg nog time of year) on the 18th - I'm guessing 8 - 10 pm but we'll let you know the details.
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A: Hi!
Here is an email: I will be in the Calgary office with Peggy Hedstrom and her team next week on Wednesday and Thursday, February 7 and 8. Do either one of you have a specific issue that needs to be addressed that I could handle while I am in Calgary? My agenda with Peggy and her team is pretty full, but I can add to that anything that you know of that we need to address. Just let me know. That puts me in Calgary for the staff meeting on Wednesday. I will sit in with Rob Milnthorp on the video conference for the first hour of the meeting. I already had a meeting scheduled with all of Peggy's team during the second hour of your staff meeting. Due to location constraints, we will have to keep that meeting as scheduled. So I will have to step out of the staff meeting for the second hour.
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A:
In Calgary Office - February 7 and 8