found this internal memo over on yahoo, supposedly from joe clayton who is listed as CLAYTON, JOSEPH P Director, Divisional Officer, President North America:
Broadcast Email PART 1
by: chesney09 (26/M/Westland, MI) 02/01/01 05:00 pm EST
Msg: 153275 of 153404
Dear Fellow Employee:
This is the first chance that I've had to wish most of you a Happy New Year. To give you a quick Clayton family recap, I was able to spend a few days with my family during the holidays – but, I’m sure you’d agree, that such quality time always seems to pass by all too quickly.
Since the holidays I’ve been doing a lot of traveling between our operations in Detroit, Latin America, Miami, New York City and California. I can tell you that there is a lot of productive activity and positive enthusiasm bubbling over at all of the locations that I have visited this month; and no, I didn’t make it to the Super Bowl.
The fact is that we all have a lot to be excited about. I recognize that our company’s stock price has mirrored the roller-coaster ride that has recently characterized the overall economy – but things are looking
up. For instance, in the face of an economic slowdown, the Federal Reserve has positioned itself for a series of interest rate cuts, and it has also endorsed federal tax cuts, which should help spur the economy forward. In addition, despite a volatile stock market, the basic underpinnings of our nation’s economy are sound – inflation is low; unemployment is low; access to credit is easing; home sales are
soaring. All those factors indicate that the economy is still robust.
As a result, our stock price should benefit in the coming months. It already has had a good run in the month of January.
In just a few weeks on Wednesday, February 14, we intend to release our 4th quarter earnings for 2000. Now it’s just coincidence that our earnings will be announced on valentine’s Day, but I believe that Wall
Street will continue to ‘snuggle up’ to our company’s prospects. Thanks to you, we had a strong year in 2000, and most of you will be receiving a bonus based on that performance.
But believe me when I tell you that we need to do more this year. I say that because, the Global Crossing board of directors recently approved our business plan for 2001 – and we’ve got some big numbers to hit. I’ll go over that business plan in greater detail during a ‘Front and Center’ video conference that’s tentatively scheduled for Friday, February 16 between
12-1 p.m. ET. I would encourage you to attend that meeting via video or audio conference! (Call-in numbers will be provided when available by a FLASH announcement.)
I also wanted to tell you about another upcoming meeting that’s important for all of us. I and other senior Global Crossing executives will deliver presentations during a day-long session with Wall Street analysts on Thursday, March 1. The purpose of the meeting will be to communicate our global business strategy; provide an update on our almost complete 100K+ fiber optic network; reiterate our 2001 financial targets, as well as point out that our capital projects are fully-funded well into 2002. That’s a compelling story that should be well received
by the opinion leaders on the Street. I’ll give you my perspective on that meeting during my March letter.
I’m going to continue to do my part to help grow our business this year, and I expect each of you to do the same. As always, if you have any questions or suggestions, please give me a call or send me an email.
Sincerely,
Joe Clayton |
