In case you haven't heard, AmWest got their $380m loan guarantee from the Feds late Friday. With it comes some rather interesting conditions - Uncle Sam gets warrants for 1/3 of their Class B stock (no voting rights); wages will be based on 2000 salaries; top management will take pay cuts; leases will have to be renegotiated, among other cuts in operating expenses. While the Arizona congressional delegation thought a 1/3 equity position for the government was bitter medicine, Cactus CEO Doug Parker said he could live with it. The vote was 2-1 and AmWest should have new financing in place within the next couple of weeks. Undoubtedly this will make it a very Happy New Year for Cactus employees! RT Simpson Phoenix