From FOF (Friend of the Firm) Jeff Sone comes the wonderful suggestion that we attend the Art Car Show to be held in Houston on May 12, 2007.

Here is a little bit about the show:

"The World's Oldest and Largest Art Car Parade is one of many wonderful programs the Orange Show Center for Visionary Art produces to celebrate the artist in everyone."

And here are links to information on this year's festivities, you should look at these cars!!:

http://www.orangeshow.org/artcar.html

http://www.orangeshow.org/events.html

Mike

Billionaire Kirk Kerkorian announced last week that he would again make a bid to buy Daimler Chrysler for $4.5 billion. With this announcement the shares rose 5%. In 1995 Kerkorian had offered to buy Chrysler for $23 billion before Daimler-Benz acquired them for $37 billion in 1998.

“Kerkorian’s investment company Tracinda told DaimlerChrysler that it would proceed with the transaction if it received an exclusive right to conduct due diligence for 60 days, according to a letter Tracinda sent to the company’s board. The agreement was also contingent on a satisfactory resolution between the United Auto Worker Union and the car manufacturer.

Analysts have estimated that DaimlerChrysler would receive at least $5 billion for Chrysler, but the company has expressed hope of netting $8 billion. Daimler-Benz dished out $37 Billion in 1998 for the mid-level American automaker.”

The complete article can be found at:
http://www.forbes.com/markets/2007/04/05/chrysler-tracinda-update2-markets-equity-cx_er_0405markets38.html

Pam