EBS Research Telecom Rercruiting Effot

Hi, Vince please put your best effort in making sure that we differentiate
summer interns and associates that EBS Research will be hiring. I am talking
about compensation here. Ken Rice mentioned that EBS is in the process of
developing a technical equivalent of our AA pool. EBS research people can
potentially rotate through this pool in the future. I just don't want to
risk losing people like Giuseppe (& get the word out that we are low-ballers)
because we have to fit them into certain set of categories that was designed
for the energy business. I realize that you have estabilished such
differentiation for research as a whole, but I think that would have to be
moved up a notch in the case of EBS.

Ravi.