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messages.yahoo.com
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From John Legere (Source MSN/Fool)
by: truetoform2002
Long-Term Sentiment: Strong Buy 01/02/02 10:22 am
Msg: 317919 of 317994
Team:
Someone once said: “When one door closes another opens.” A less known part of that famous quote: “But we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.” As we close out this milestone year for Global Crossing, I'd like you to look backward – and forward – with a balanced perspective – and collective pride.
In spite of enormous challenges we confronted in 2001, take a look at a few of the amazing feats we accomplished:
WE completed the world's most extensive fiber optic network hitting or beating all the deadlines we set out to meet.
WE signed more than $2 billion in new contracts.
WE increased data network sales by over 40%.
WE won the contract for and are now running the world's most massive financial network for the SWIFT consortium of over 7,000 banks – a secure network that carries over a record $6 trillion per day in financial transactions. On November 30th, SWIFT hit a new traffic peak of 7.5 million messages processed in one day – 30 percent higher than the first 2001 peak day recorded in February.
WE installed point-to-point transport for CNBC Europe, and are now carrying broadcast quality streaming data from Fort Lee, New Jersey to London, England. What other network can do that – and not just between those two cities but between virtually thousands of city pairs!
WE connected 240 British Embassy offices, and WE built the network to carry the most sensitive documents of the Royal Air Force.
WE won a coveted contract with Sky Channel to provide live and exclusive telecasts over our fiber, enabling Sky Channel to provide audiences with live transmission of video, voice and data on our ATM backbone – and replacing Sky's traditional satellite delivery!
WE also won the opportunity to install and service the 1,300 location data network of retail giant KB Toys, making credit card authorizations three times faster for their customers.
WE helped thousands of financial institutions affected by the tragic events on September 11th to get back into business and move forward within days. Following this tremendous and successful recovery effort, WE built a complete fiber optic network for Merrill Lynch in less than three weeks to replace facilities lost as a result of the terrorist attacks.
Our accomplishments are far too many to mention here. These are just some examples of what WE DO – and a leading indicator of what WE CAN DO and WILL DO in 2002!
John Legere - Part 2
by: truetoform2002
Long-Term Sentiment: Strong Buy 01/02/02 10:23 am
Msg: 317920 of 317994
Last week, we reached agreement with a consortium of banks led by J.P. Morgan Chase and Citibank for a waiver of potential violations of financial covenants in our credit agreement, resolving concerns that the company would be out of compliance with these covenants at the end of the year 2001. We expect to continue discussions with our bank lenders about the terms of our bank credit agreement as we pursue discussions with potential equity investors.
Those bankers are aware that we have built the world's most extensive optical network and are continuing to build a world-class global team … a team that will bring the power of that network to thousands of enterprises, carriers, and entire industries over the next decade and beyond.
Our network – our COMPANY – is changing the way the world communicates.
WE are the inventors of the future. WE are in charge of OUR company's destiny. WE are responsible – accountable – ready, willing and able.
Will there be more challenges ahead? I guarantee you there will be.
Is this going to be easy? No way. But neither was laying nearly 100,000 miles of fiber optic cable, connecting nearly 250 of the world's busiest cities.
WE have made history.
And we're about to make history – again.
During the week of January 7, we're going to share our roadmap to the future – at 11 a.m. Eastern time Monday through Friday of that week, you'll hear from different members of the new leadership team. Mark this on you calendar – what you'll learn may surprise you – challenge you – inspire you – and help you understand why we are so excited about the coming twelve months.
I look forward to seeing you in 2002. And I want to thank you again for your continuing to drive forward, even in the context of a most difficult, demanding year. We appreciate your efforts and applaud your accomplishments. Best wishes to you, your family and friends for a healthy and prosperous New Year.
Onward and upward!
John Legere- CEO
Global Crossing & Asia Global Crossing |
