Please see attached draft memo.? There is no pride of authorship here, so 
slash and burn and challenge as you see fit.? Also, indicate in your response 
if you think we need to discuss live and if so, when.

Hope this isn't too far off the mark.? We also need to incorporate Mark's 
cash flow statement and assumptions into another attachment, as well as 
Jeff's thoughts on the funding of expansion.

Thanks! 
- Carolyn 

Carolyn M. Vavrek 
Manager - Human Capital Advisory Services 
Deloitte & Touche 
50 Fremont Street 
San Francisco, CA? 94105 

phone: 415-783-5137 
fax: 415-783-8760 
e-mail: cvavrek@deloitte.com 
- This message (including any attachments) contains confidential information 
intended for a specific individual and purpose, and is protected by law.? - 
If you are not the intended recipient, you should delete this message and are 
hereby notified that any disclosure, copying, or distribution of this 
message, or the taking of any action based on it, is strictly prohibited.