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12,476 | fw : meritocracy re : management sub - committee robert ,
please see the message below . based on the meeting we had last week , i was wondering how the list of diversified candidates that we can use to represent our meritocratic culture is coming . we would like to have a portfolio of at least 100 names that represent all levels and all commercial and non - commercial functions within the company . enron seems to have a tendency to " reuse " the same poster candidates over and over again and so targeting this diversified portfolio of employees that are franchise players representing enron ' s merit system would have immediate public relations uses as well .
please contact me .
best regards , jean
- - - - - original message - - - - -
from : mrha , jean
sent : tuesday , august 14 , 2001 11 : 21 am
to : adams , gregory ; corman , shelley ; kimberly , kelly ; lewis , richard ; shanbhogue , vasant
cc : kitchen , louise
subject : meritocracy re : management sub - committee
importance : high
based on today ' s meeting , please complete the following :
look at the bullet points related to prtm ' s definition of a meritocracy and redefine those points to represent enron ' s meritocratic culture .
as recommended by louise , substitute the word " client " to enron .
mail to me a . s . a . p . your distinctive bullets .
i will lump everyone ' s bullet points together and we can choose from the best .
in addition , i will touch base with robert jones to make sure that we are targeting at least a 100 candidates with a variety of backgrounds that we can relate back to each meritocracy bullet point .
any questions , please email or call me x 31931 .
regards , mrha | 0 | ham | fw : meritocracy re : management sub - committee | robert ,
please see the message below . based on the meeting we had last week , i was wondering how the list of diversified candidates that we can use to represent our meritocratic culture is coming . we would like to have a portfolio of at least 100 names that represent all levels and all commercial and non - commercial functions within the company . enron seems to have a tendency to " reuse " the same poster candidates over and over again and so targeting this diversified portfolio of employees that are franchise players representing enron ' s merit system would have immediate public relations uses as well .
please contact me .
best regards , jean
- - - - - original message - - - - -
from : mrha , jean
sent : tuesday , august 14 , 2001 11 : 21 am
to : adams , gregory ; corman , shelley ; kimberly , kelly ; lewis , richard ; shanbhogue , vasant
cc : kitchen , louise
subject : meritocracy re : management sub - committee
importance : high
based on today ' s meeting , please complete the following :
look at the bullet points related to prtm ' s definition of a meritocracy and redefine those points to represent enron ' s meritocratic culture .
as recommended by louise , substitute the word " client " to enron .
mail to me a . s . a . p . your distinctive bullets .
i will lump everyone ' s bullet points together and we can choose from the best .
in addition , i will touch base with robert jones to make sure that we are targeting at least a 100 candidates with a variety of backgrounds that we can relate back to each meritocracy bullet point .
any questions , please email or call me x 31931 .
regards , mrha | 2001-08-14T00:00:00 |
2,650 | hpl nom for march 2 , 2001 ( see attached file : hplno 302 . xls )
- hplno 302 . xls | 0 | ham | hpl nom for march 2 , 2001 | ( see attached file : hplno 302 . xls )
- hplno 302 . xls | 2001-03-01T00:00:00 |
9,409 | grades pam ,
another team :
elena chilkina
robert j . guadette
joseph helms
kenneth jett
todd litton
mark westmoreland
grade : a -
vince kaminski | 0 | ham | grades | pam ,
another team :
elena chilkina
robert j . guadette
joseph helms
kenneth jett
todd litton
mark westmoreland
grade : a -
vince kaminski | 2001-05-02T00:00:00 |
28,338 | wininstall will run on friday wininstall will run on friday
a wininstall screen will appear during your login on friday , january 12 ,
2001 .
wininstall will then make updates to your computer including :
mcafee anti - virus software update
the wininstall process will take approximately 1 minute to complete . a bar
showing percentage of completion is displayed during the process . please
note that during the update , you should not disturb the machine . doing so
will only slow the update .
if you have any questions , please call the gpg solution center
et & s help desk - 713 - 345 - gpg 5 | 0 | ham | wininstall will run on friday | wininstall will run on friday
a wininstall screen will appear during your login on friday , january 12 ,
2001 .
wininstall will then make updates to your computer including :
mcafee anti - virus software update
the wininstall process will take approximately 1 minute to complete . a bar
showing percentage of completion is displayed during the process . please
note that during the update , you should not disturb the machine . doing so
will only slow the update .
if you have any questions , please call the gpg solution center
et & s help desk - 713 - 345 - gpg 5 | 2001-01-11T00:00:00 |
10,222 | entrust your visual identity to us thinking of breathing new life into your business ?
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visualidentity .
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toois wili brinq a breath of fresh air into your business and make you stand out
amonqthe competitors .
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away from your future success . click here to see the samples of our artwork ,
checkour prices and hot offers .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 1 | spam | entrust your visual identity to us | thinking of breathing new life into your business ?
start from revamping its front - endlogo and
visualidentity .
we offer creative custom desiqn of logos ,
stationery and web - sites . under our carefui hand thesepowerfui marketinq
toois wili brinq a breath of fresh air into your business and make you stand out
amonqthe competitors .
you are just a ciick
away from your future success . click here to see the samples of our artwork ,
checkour prices and hot offers .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 2005-06-27T00:00:00 |
17,978 | start date : 2 / 1 / 02 ; hourahead hour : 2 ; start date : 2 / 1 / 02 ; hourahead hour : 2 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002020102 . txt | 0 | ham | start date : 2 / 1 / 02 ; hourahead hour : 2 ; | start date : 2 / 1 / 02 ; hourahead hour : 2 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002020102 . txt | 2002-02-01T00:00:00 |
7,635 | re : spring 2001 conference participation by jeffrey k . skilling rick ,
i asked greg whalley and he declined ( he has a speaking
engagement in london a day before ) .
i have sent an invitation to louise kitchen and she has not
replied yet . i shall catch her at the management conference in san antonio
and
ask for a commitment . it would help if you could mention this to her as well .
vince
richard causey @ enron
11 / 14 / 2000 09 : 30 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : spring 2001 conference participation by jeffrey k . skilling
where do we stand on this ? is someone else going to do it ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by richard causey / corp / enron on 11 / 14 / 2000
09 : 24 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" ehud i . ronn " on 10 / 24 / 2000 04 : 29 : 05 pm
to : richard . causey @ enron . com
cc :
subject : re : spring 2001 conference participation by jeffrey k . skilling
at 12 : 10 pm 10 / 13 / 00 - 0500 , you wrote :
> in checking with jeff ' s assistant this morning , we hope to get clarity on
> the schedule later today or monday ( at the latest , hopefully ! ) .
to paraphrase daneil webster ' s famous quote , " how stands our conference ? "
best ,
ehud
ehud i . ronn
professor of finance and jack s . josey professor in energy studies
director , center for energy finance education and research
mccombs school of business
university of texas at austin
austin , tx . 78712 - 1179
voice : ( 512 ) 471 - 5853
fax : ( 512 ) 471 - 5073
internet : eronn @ mail . utexas . edu | 0 | ham | re : spring 2001 conference participation by jeffrey k . skilling | rick ,
i asked greg whalley and he declined ( he has a speaking
engagement in london a day before ) .
i have sent an invitation to louise kitchen and she has not
replied yet . i shall catch her at the management conference in san antonio
and
ask for a commitment . it would help if you could mention this to her as well .
vince
richard causey @ enron
11 / 14 / 2000 09 : 30 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : spring 2001 conference participation by jeffrey k . skilling
where do we stand on this ? is someone else going to do it ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by richard causey / corp / enron on 11 / 14 / 2000
09 : 24 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" ehud i . ronn " on 10 / 24 / 2000 04 : 29 : 05 pm
to : richard . causey @ enron . com
cc :
subject : re : spring 2001 conference participation by jeffrey k . skilling
at 12 : 10 pm 10 / 13 / 00 - 0500 , you wrote :
> in checking with jeff ' s assistant this morning , we hope to get clarity on
> the schedule later today or monday ( at the latest , hopefully ! ) .
to paraphrase daneil webster ' s famous quote , " how stands our conference ? "
best ,
ehud
ehud i . ronn
professor of finance and jack s . josey professor in energy studies
director , center for energy finance education and research
mccombs school of business
university of texas at austin
austin , tx . 78712 - 1179
voice : ( 512 ) 471 - 5853
fax : ( 512 ) 471 - 5073
internet : eronn @ mail . utexas . edu
| 2000-11-14T00:00:00 |
10,234 | http : / / www . foulston . com hello ,
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sales marketing
www . seekercenter . net
you are receiving this email because you opted - in to receive special offers through a partner website . if you feel that you received this email in error or do not wish to receive additional special offers , please enter your email address here and click the button of remove me : | 1 | spam | http : / / www . foulston . com | hello ,
i have visited www . foulston . com and noticed that your website is not listed on some search engines . i am sure that through our service the number of people who visit your website will definitely increase . seekercenter is a unique technology that instantly submits your website to over 500 , 000 search engines and directories - - a really low - cost and effective way to advertise your site . for more details please go to seekercenter . net .
give your website maximum exposure today !
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sales marketing
www . seekercenter . net
you are receiving this email because you opted - in to receive special offers through a partner website . if you feel that you received this email in error or do not wish to receive additional special offers , please enter your email address here and click the button of remove me :
| 2005-06-27T00:00:00 |
28,157 | pnm capacity : rehearing request today the commission issued a tolling order on our request for rehearing in
the pnm capacity docket . as you recall , we asked for rehearing of the
commission ' s requirement that tw ' s acquisition of capacity be limited to the
summer months . the tolling order is simply ferc ' s way of buying time to
consider our request . in the absence of commission action within 30 days of
our rehearing request , our request would have been deemed denied . . . so we ' re
doing well so far . there is no deadline for the commission to act on our
request . i ' ll watch to see whether it appears on the commission ' s agenda . | 0 | ham | pnm capacity : rehearing request | today the commission issued a tolling order on our request for rehearing in
the pnm capacity docket . as you recall , we asked for rehearing of the
commission ' s requirement that tw ' s acquisition of capacity be limited to the
summer months . the tolling order is simply ferc ' s way of buying time to
consider our request . in the absence of commission action within 30 days of
our rehearing request , our request would have been deemed denied . . . so we ' re
doing well so far . there is no deadline for the commission to act on our
request . i ' ll watch to see whether it appears on the commission ' s agenda . | 2000-11-07T00:00:00 |
17,960 | schedule crawler : hourahead failure start date : 1 / 31 / 02 ; hourahead hour : 5 ; hourahead schedule download failed . manual intervention required . | 0 | ham | schedule crawler : hourahead failure | start date : 1 / 31 / 02 ; hourahead hour : 5 ; hourahead schedule download failed . manual intervention required . | 2002-01-31T00:00:00 |
1,350 | re : united oil & minerals , inc . , chapman unit # 1 vance ,
deal # 357904 has been created and entered in sitara .
bob
vance l taylor
08 / 04 / 2000 04 : 06 pm
to : robert cotten / hou / ect @ ect , hillary mack / corp / enron @ enron , lisa
hesse / hou / ect @ ect , trisha hughes / hou / ect @ ect
cc : susan smith / hou / ect @ ect , donald p reinhardt / hou / ect @ ect , melissa
graves / hou / ect @ ect , tom acton / corp / enron @ enron
subject : united oil & minerals , inc . , chapman unit # 1
bob ,
the following production commenced to flow on friday and a ticket should be
created and entered into sitara based on the following :
counterparty meter volumes price period
united oil & minerals , inc . 9846 1 , 500 mmbtu / d 100 % gas daily less $ 0 . 12
8 / 4 - 8 / 31
fyi , susan will create and submit a committed reserves firm ticket for the
remaining term of the deal beginning with the month of september .
additionally , this is a producer svcs . deal and should be tracked in the im
wellhead portfolio . . . attached to the gathering contract .
thanks ,
vlt
x 3 - 6353
- - - - - - - - - - - - - - - - - - - - - - forwarded by vance l taylor / hou / ect on 08 / 04 / 2000
03 : 54 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : melissa graves 08 / 03 / 2000 02 : 53 pm
to : vance l taylor / hou / ect @ ect , jennifer blay / hou / ect @ ect
cc : donald p reinhardt / hou / ect @ ect , susan smith / hou / ect @ ect , christy
sweeney / hou / ect @ ect , jill t zivley / hou / ect @ ect
subject : united oil & minerals , inc . , chapman unit # 1
vance ,
per jill and vic , tomorrow we will be getting a first turn on notice for the
united oil & minerals , chapman unit # 1 well ( meter 9846 ) .
when you see this notice , please prepare your usual spot ticket request per
the following :
term : 8 / 4 / 00 - 8 / 31 / 00
price : gas daily less $ 0 . 12
expected volumes : 1 , 500 mmbtu / d ( please alter per esther ' s notice as
necessary )
jennifer ,
once vance requests the sitara ticket and provides you with the sitara deal
number , please ensure that a gtc spot is sent to doyle valdez at united oil &
minerals , inc . ( fax # : 361 - 328 - 8189 ) .
please also provide a copy of the gtc for our records ( hpl ' s fax # :
713 - 345 - 7040 ) .
thank you ,
melissa | 0 | ham | re : united oil & minerals , inc . , chapman unit # 1 | vance ,
deal # 357904 has been created and entered in sitara .
bob
vance l taylor
08 / 04 / 2000 04 : 06 pm
to : robert cotten / hou / ect @ ect , hillary mack / corp / enron @ enron , lisa
hesse / hou / ect @ ect , trisha hughes / hou / ect @ ect
cc : susan smith / hou / ect @ ect , donald p reinhardt / hou / ect @ ect , melissa
graves / hou / ect @ ect , tom acton / corp / enron @ enron
subject : united oil & minerals , inc . , chapman unit # 1
bob ,
the following production commenced to flow on friday and a ticket should be
created and entered into sitara based on the following :
counterparty meter volumes price period
united oil & minerals , inc . 9846 1 , 500 mmbtu / d 100 % gas daily less $ 0 . 12
8 / 4 - 8 / 31
fyi , susan will create and submit a committed reserves firm ticket for the
remaining term of the deal beginning with the month of september .
additionally , this is a producer svcs . deal and should be tracked in the im
wellhead portfolio . . . attached to the gathering contract .
thanks ,
vlt
x 3 - 6353
- - - - - - - - - - - - - - - - - - - - - - forwarded by vance l taylor / hou / ect on 08 / 04 / 2000
03 : 54 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : melissa graves 08 / 03 / 2000 02 : 53 pm
to : vance l taylor / hou / ect @ ect , jennifer blay / hou / ect @ ect
cc : donald p reinhardt / hou / ect @ ect , susan smith / hou / ect @ ect , christy
sweeney / hou / ect @ ect , jill t zivley / hou / ect @ ect
subject : united oil & minerals , inc . , chapman unit # 1
vance ,
per jill and vic , tomorrow we will be getting a first turn on notice for the
united oil & minerals , chapman unit # 1 well ( meter 9846 ) .
when you see this notice , please prepare your usual spot ticket request per
the following :
term : 8 / 4 / 00 - 8 / 31 / 00
price : gas daily less $ 0 . 12
expected volumes : 1 , 500 mmbtu / d ( please alter per esther ' s notice as
necessary )
jennifer ,
once vance requests the sitara ticket and provides you with the sitara deal
number , please ensure that a gtc spot is sent to doyle valdez at united oil &
minerals , inc . ( fax # : 361 - 328 - 8189 ) .
please also provide a copy of the gtc for our records ( hpl ' s fax # :
713 - 345 - 7040 ) .
thank you ,
melissa | 2000-08-07T00:00:00 |
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burlington pirogueperturbate sporty britishdiaphanous
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assault describechump dressy bracketlouisa | 2004-11-15T00:00:00 |
6,705 | professor bitran ' s visit colleagues ,
professor gabriel bitran of mit will be visiting enron on wednesday 9 august .
he
will be here all morning . he would like to meet and discuss with us some of
the
issues and problems that are of interest to ebs . the goal is to suggest a
research subject for one of his students that is of interest to ebs and its
business . please let me know if you are interested in meeting him . i suggest
having one open meeting ( perhaps one hour ) in which all of us can sit down and
discuss the issues with him .
- samer | 0 | ham | professor bitran ' s visit | colleagues ,
professor gabriel bitran of mit will be visiting enron on wednesday 9 august .
he
will be here all morning . he would like to meet and discuss with us some of
the
issues and problems that are of interest to ebs . the goal is to suggest a
research subject for one of his students that is of interest to ebs and its
business . please let me know if you are interested in meeting him . i suggest
having one open meeting ( perhaps one hour ) in which all of us can sit down and
discuss the issues with him .
- samer | 2000-08-04T00:00:00 |
17,769 | schedule crawler : hourahead failure start date : 1 / 18 / 02 ; hourahead hour : 15 ; hourahead schedule download failed . manual intervention required .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002011815 . txt
error : dbcaps 97 data : cannot perform this operation on a closed database
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
error : dbcaps 97 data : cannot perform this operation on a closed database
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
error : dbcaps 97 data : cannot perform this operation on a closed database
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
error : dbcaps 97 data : cannot perform this operation on a closed database
error : dbcaps 97 data : cannot perform this operation on a closed database
error : dbcaps 97 data : cannot perform this operation on a closed database
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
error : dbcaps 97 data : cannot perform this operation on a closed database | 0 | ham | schedule crawler : hourahead failure | start date : 1 / 18 / 02 ; hourahead hour : 15 ; hourahead schedule download failed . manual intervention required .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002011815 . txt
error : dbcaps 97 data : cannot perform this operation on a closed database
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
error : dbcaps 97 data : cannot perform this operation on a closed database
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
error : dbcaps 97 data : cannot perform this operation on a closed database
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
error : dbcaps 97 data : cannot perform this operation on a closed database
error : dbcaps 97 data : cannot perform this operation on a closed database
error : dbcaps 97 data : cannot perform this operation on a closed database
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
! ! ! unknown database .
alias : dbcaps 97 data
error : dbcaps 97 data : cannot perform this operation on a closed database | 2002-01-18T00:00:00 |
12,689 | re : conference - mexico absolutely , , , , i have talked to steve and david about it , and we will definitely talk about origination . . . what i ' ll do is include it generically in the agenda , because steve might have a complicated week , so if something comes up in his agenda , i ' ll do the talking . we are already working with carlos alatorre and david forster in the material .
best regards .
- - - - - original message - - - - -
from : kitchen , louise
sent : tuesday , september 04 , 2001 3 : 56 pm
to : williams , jaime
cc : irvin , steve ; forster , david
subject : re : conference - mexico
i am surprized steve isn ' t talking - any reason why not ? this is an opportunity to sell origination .
- - - - - original message - - - - -
from : williams , jaime
sent : tuesday , september 04 , 2001 2 : 34 pm
to : kitchen , louise
cc : irvin , steve ; forster , david
subject : conference - mexico
louise , about the conference for this month in mexico . the agenda is set for the 19 th in monterrey and the 20 th in mexico city .
we are ready to send out invitations , to around 550 customers via email . i believe the response rate to it , could be from 140 to 250 people .
the variable budget then , would be anywhere between $ 14 , 000 to $ 20 , 000 , depending in the amount of material we will need to print , but we ' ll play it by ear and react as confirmations arrive . costs include room reservation , printed material , translation , and 1 hour of cocktails for our customers after each conference .
conferences will be held in the two " industrial ' s club " , which are some of the best places in such cities .
this is already included in this year ' s budget , but i wanted to let you know .
attached you will find the invitation , and i included you in the agenda to give the welcoming remarks to our customers . let me know if it is ok with you , before sending it out .
>
best regards . | 0 | ham | re : conference - mexico | absolutely , , , , i have talked to steve and david about it , and we will definitely talk about origination . . . what i ' ll do is include it generically in the agenda , because steve might have a complicated week , so if something comes up in his agenda , i ' ll do the talking . we are already working with carlos alatorre and david forster in the material .
best regards .
- - - - - original message - - - - -
from : kitchen , louise
sent : tuesday , september 04 , 2001 3 : 56 pm
to : williams , jaime
cc : irvin , steve ; forster , david
subject : re : conference - mexico
i am surprized steve isn ' t talking - any reason why not ? this is an opportunity to sell origination .
- - - - - original message - - - - -
from : williams , jaime
sent : tuesday , september 04 , 2001 2 : 34 pm
to : kitchen , louise
cc : irvin , steve ; forster , david
subject : conference - mexico
louise , about the conference for this month in mexico . the agenda is set for the 19 th in monterrey and the 20 th in mexico city .
we are ready to send out invitations , to around 550 customers via email . i believe the response rate to it , could be from 140 to 250 people .
the variable budget then , would be anywhere between $ 14 , 000 to $ 20 , 000 , depending in the amount of material we will need to print , but we ' ll play it by ear and react as confirmations arrive . costs include room reservation , printed material , translation , and 1 hour of cocktails for our customers after each conference .
conferences will be held in the two " industrial ' s club " , which are some of the best places in such cities .
this is already included in this year ' s budget , but i wanted to let you know .
attached you will find the invitation , and i included you in the agenda to give the welcoming remarks to our customers . let me know if it is ok with you , before sending it out .
>
best regards . | 2001-09-05T00:00:00 |
21,111 | ever have a small stock take off ? mnei - the best sma | | cap stock in 20 o 5 just keep reading the profile
and the news of this company and you wiil see for yourseif
this stock is undiscovered stock gem - just starting to trade
mi | | ennium nationa | events , inc . - symbol : mnei
millenniums current roster of event sponsors inciudes such names as : wm
wrigley , american express , office depot , verizon , itaiian rose , twa ,
power sports , pizza hut , coca - coia , samuel adams , ciear channel
communications , viacom , infinity broadcasting , budweiser , cox broadcasting , nbc
local affiliates , brown foreman ( jack daniels ) , southern wine
spirits , viking ovens and bergwater vineyards .
and just read the friday news . . . read the entire news below
news . . miliennium national events enters negotiations to acquire
match point , inc . owner of the millennium internationa | tennis tournament
yes you read it right - this is serious company with some serious
business
symbol : mnei
current price : $ o . 47
1 - 2 weeks specuiative targer price : sky is the limit on this stock $ 2 - 3
is rea | | y possibe ( if you | ook at | eve | 2 you wiil see why )
millennium national events , inc . ( mnei ) is an event company that is
currentiy transforming the world of special events and corporate
sponsorship . the company is a fuliy integrated event promoter which owns ,
partialiy or entirely , and / or operates a diversified network of events and
event promoters in the states of fiorida , new york , indiana , colorado ,
caiifornia and washington dc .
through its diverse segments , miilennium ' s footprint is expanding in
| ive entertainment , including sports and music . whiie mi | | ennium national
events owns and is constantly acquiring existing events , our upcoming
caiendar inciudes events with img , clear channel , sfx , the atp , nfl ,
pga , lpga , and nascar .
symbo | : mnei
current price : $ o . 47
1 - 2 weeks specuiative targer price : sky is the limit on this stock $ 2 - 3
is reaily possibe ( if you look at | evel 2 you wi | | see why )
news
delray beach , fia . , jan 21 / prnewswire - firstcail / - - miliennium
nationa | events ( 0 tc pink sheets : mnei ) today announced that it has entered
into negotiations to acquire all or part of a working interest in match
point , inc . , the owner of the atp sanctioned event known as the
millennium international tennis tournament .
millennium earlier became the titie sponsor of the match point , inc .
event and has now furthered its interest in the company by entering into
acquisition negotiations .
both | oca | deiray beach - based companies couid integrate the two
entities . basica | | y we ' re both from the same industry , and together i believe
we could be bigger and accompiish more than as stand - alone companies ,
said robert mcaliister , ceo president of miilennium nationa | events .
mark baron , president of match point , inc . , says of the negotiations ,
we are considering miilennium ' s offers and believe that there couid be
a possible f i t here for our company and our share hoiders .
mca | | ister aiso feels the purchase of match point is a good move for
both millennium shareholders and match point . this acquisition is
consistent with our overa | | business plan . it has aiways been our intent to
target and acquire successfu | , high - profiie events and their promoters ;
we ' ve had our eye on match point for almost one year now . consolidation
is the key , not oniy to our bottom | ine , but also to the success of
each individua | event .
exact terms have been not yet been announced , but miliennium sees the
match point acquisition uitimately being able to bring net revenues to
mnei ' s bottom | ine .
mnei sees both the internationa | television audience and the ability to
attract a fortune 500 as a potentia | source of even greater , and as of
yet , untapped revenue . mcaliister expects the deal to be consummated in
this quarter .
the atp tournament is being held jan . 31 - feb . 6 at the delray beach
tennis center . the draw for the 13 th annual miilennium itc inciudes top
americans vince spadea , currently no . 19 in the world , two - time itc
champion jan - michae | gambil | and james biake . also entered in the
tournament are jiri novak ( czech repubiic ) , currently at no . 25 , two - time
miliennium itc finaiist xavier maiisse ( belgium ) and defending champion
ricardo meilo ( brazil ) . the tournament still holds two wiidcards that can
be offered to other top piayers in the weeks | eading up to the event .
read this | ega | info
information within this email contains forward looking statements
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or involve discussions with respect to predictions , goals ,
expectations , beliefs , plans , projections , objectives , assumptions or future
events or performance are not statements of historica | fact and may be
forward | ooking statements . forward looking statements are based on
expectations , estimates and projections at the time the statements are made
that involve a number of risks and uncertainties which could cause
actual results or events to differ materiaily from those presently
anticipated . forward looking statements in this action may be identified
through the use of words such as : projects , foresee , expects ,
estimates , believes , understands wiil , part of : anticipates , or that
by statements indicating certain actions may , could , or might
occur . ail information provided within this emai | pertaining to investing ,
stocks , securities must be understood as information provided and not
investment advice . emerging equity alert advises al | readers and
subscribers to seek advice from a registered professional securities
representative before deciding to trade in stocks featured within this emai | .
none of the material within this report sha | | be construed as any kind of
investment advice . please have in mind that the interpretation of the
witer of this newsietter about the news pubiished by the company does
not represent the company official statement and in fact may differ from
the rea | meaning of what the news release meant to say . look the news
release by yourseif and judge by yourself about the detaiis in it . p
in compiiance with section 17 ( b ) , we disciose the hoiding of mnei
shares prior to the publication of this report . be aware of an inherent
confiict of interest resulting from such hoidings due to our intent to
profit from the liquidation of these shares . shares may be sold at any
time , even after positive statements have been made regarding the above
company . since we own shares , there is an inherent confiict of interest in
our statements and opinions . readers of this publication are cautioned
not to piace undue reiiance on forward - | ooking statements , which are
based on certain assumptions and expectations involving various risks and
uncertainties , that couid cause resuits to differ materiaily from those
set forth in the forward - | ooking statements .
piease be advised that nothing within this emai | sha | | constitute a
soiicitation or an invitation to get position in or sel | any security
mentioned herein . this newsletter is neither a registered investment
advisor nor affiiiated with any broker or dealer . this newsletter was paid
$ 52600 from third party to send this report . al | statements made are our
express opinion only and should be treated as such . we may own , take
position and sel | any securities mentioned at any time . this report
inciudes forward - | ooking statements within the meaning of the private
securities litigation reform act of 1995 . these statements may inciude terms
as expect , beiieve , may , wi | | , move , undervalued and
intend or simiiar terms .
if you wish to stop future mailings , or if you feel you have been
wrongfu | | y piaced in our l i s t , please gohere
( - stoxo 008 @ yahoo . com - ) | 1 | spam | ever have a small stock take off ? | mnei - the best sma | | cap stock in 20 o 5 just keep reading the profile
and the news of this company and you wiil see for yourseif
this stock is undiscovered stock gem - just starting to trade
mi | | ennium nationa | events , inc . - symbol : mnei
millenniums current roster of event sponsors inciudes such names as : wm
wrigley , american express , office depot , verizon , itaiian rose , twa ,
power sports , pizza hut , coca - coia , samuel adams , ciear channel
communications , viacom , infinity broadcasting , budweiser , cox broadcasting , nbc
local affiliates , brown foreman ( jack daniels ) , southern wine
spirits , viking ovens and bergwater vineyards .
and just read the friday news . . . read the entire news below
news . . miliennium national events enters negotiations to acquire
match point , inc . owner of the millennium internationa | tennis tournament
yes you read it right - this is serious company with some serious
business
symbol : mnei
current price : $ o . 47
1 - 2 weeks specuiative targer price : sky is the limit on this stock $ 2 - 3
is rea | | y possibe ( if you | ook at | eve | 2 you wiil see why )
millennium national events , inc . ( mnei ) is an event company that is
currentiy transforming the world of special events and corporate
sponsorship . the company is a fuliy integrated event promoter which owns ,
partialiy or entirely , and / or operates a diversified network of events and
event promoters in the states of fiorida , new york , indiana , colorado ,
caiifornia and washington dc .
through its diverse segments , miilennium ' s footprint is expanding in
| ive entertainment , including sports and music . whiie mi | | ennium national
events owns and is constantly acquiring existing events , our upcoming
caiendar inciudes events with img , clear channel , sfx , the atp , nfl ,
pga , lpga , and nascar .
symbo | : mnei
current price : $ o . 47
1 - 2 weeks specuiative targer price : sky is the limit on this stock $ 2 - 3
is reaily possibe ( if you look at | evel 2 you wi | | see why )
news
delray beach , fia . , jan 21 / prnewswire - firstcail / - - miliennium
nationa | events ( 0 tc pink sheets : mnei ) today announced that it has entered
into negotiations to acquire all or part of a working interest in match
point , inc . , the owner of the atp sanctioned event known as the
millennium international tennis tournament .
millennium earlier became the titie sponsor of the match point , inc .
event and has now furthered its interest in the company by entering into
acquisition negotiations .
both | oca | deiray beach - based companies couid integrate the two
entities . basica | | y we ' re both from the same industry , and together i believe
we could be bigger and accompiish more than as stand - alone companies ,
said robert mcaliister , ceo president of miilennium nationa | events .
mark baron , president of match point , inc . , says of the negotiations ,
we are considering miilennium ' s offers and believe that there couid be
a possible f i t here for our company and our share hoiders .
mca | | ister aiso feels the purchase of match point is a good move for
both millennium shareholders and match point . this acquisition is
consistent with our overa | | business plan . it has aiways been our intent to
target and acquire successfu | , high - profiie events and their promoters ;
we ' ve had our eye on match point for almost one year now . consolidation
is the key , not oniy to our bottom | ine , but also to the success of
each individua | event .
exact terms have been not yet been announced , but miliennium sees the
match point acquisition uitimately being able to bring net revenues to
mnei ' s bottom | ine .
mnei sees both the internationa | television audience and the ability to
attract a fortune 500 as a potentia | source of even greater , and as of
yet , untapped revenue . mcaliister expects the deal to be consummated in
this quarter .
the atp tournament is being held jan . 31 - feb . 6 at the delray beach
tennis center . the draw for the 13 th annual miilennium itc inciudes top
americans vince spadea , currently no . 19 in the world , two - time itc
champion jan - michae | gambil | and james biake . also entered in the
tournament are jiri novak ( czech repubiic ) , currently at no . 25 , two - time
miliennium itc finaiist xavier maiisse ( belgium ) and defending champion
ricardo meilo ( brazil ) . the tournament still holds two wiidcards that can
be offered to other top piayers in the weeks | eading up to the event .
read this | ega | info
information within this email contains forward looking statements
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or involve discussions with respect to predictions , goals ,
expectations , beliefs , plans , projections , objectives , assumptions or future
events or performance are not statements of historica | fact and may be
forward | ooking statements . forward looking statements are based on
expectations , estimates and projections at the time the statements are made
that involve a number of risks and uncertainties which could cause
actual results or events to differ materiaily from those presently
anticipated . forward looking statements in this action may be identified
through the use of words such as : projects , foresee , expects ,
estimates , believes , understands wiil , part of : anticipates , or that
by statements indicating certain actions may , could , or might
occur . ail information provided within this emai | pertaining to investing ,
stocks , securities must be understood as information provided and not
investment advice . emerging equity alert advises al | readers and
subscribers to seek advice from a registered professional securities
representative before deciding to trade in stocks featured within this emai | .
none of the material within this report sha | | be construed as any kind of
investment advice . please have in mind that the interpretation of the
witer of this newsietter about the news pubiished by the company does
not represent the company official statement and in fact may differ from
the rea | meaning of what the news release meant to say . look the news
release by yourseif and judge by yourself about the detaiis in it . p
in compiiance with section 17 ( b ) , we disciose the hoiding of mnei
shares prior to the publication of this report . be aware of an inherent
confiict of interest resulting from such hoidings due to our intent to
profit from the liquidation of these shares . shares may be sold at any
time , even after positive statements have been made regarding the above
company . since we own shares , there is an inherent confiict of interest in
our statements and opinions . readers of this publication are cautioned
not to piace undue reiiance on forward - | ooking statements , which are
based on certain assumptions and expectations involving various risks and
uncertainties , that couid cause resuits to differ materiaily from those
set forth in the forward - | ooking statements .
piease be advised that nothing within this emai | sha | | constitute a
soiicitation or an invitation to get position in or sel | any security
mentioned herein . this newsletter is neither a registered investment
advisor nor affiiiated with any broker or dealer . this newsletter was paid
$ 52600 from third party to send this report . al | statements made are our
express opinion only and should be treated as such . we may own , take
position and sel | any securities mentioned at any time . this report
inciudes forward - | ooking statements within the meaning of the private
securities litigation reform act of 1995 . these statements may inciude terms
as expect , beiieve , may , wi | | , move , undervalued and
intend or simiiar terms .
if you wish to stop future mailings , or if you feel you have been
wrongfu | | y piaced in our l i s t , please gohere
( - stoxo 008 @ yahoo . com - )
| 2005-01-30T00:00:00 |
23,238 | enpower cash flows for 9 / 1 / 00 - - - - - - - - - - - - - - - - - - - - - - forwarded by stacey w white / hou / ect on 09 / 07 / 2000
12 : 44 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
clara carrington
09 / 05 / 2000 07 : 01 pm
to : valarie sabo / pdx / ect @ ect
cc : stacey w white / hou / ect @ ect , joyce kuo / na / enron @ enron , sheila
glover / hou / ect @ ect , brent a price / hou / ect @ ect , sally beck / hou / ect @ ect , monica
lande / pdx / ect @ ect , donald wayne vinson / hou / ect @ ect
subject : enpower cash flows for 9 / 1 / 00
valarie ,
thanks again for the emails you sent to us on 9 / 1 / 00 and 9 / 4 / 00 regarding the
killed deals for the city of vernon . the reports you provided were exactly
what we needed in order to explain the large cash flow change received from
the west book . please continue to send these types of reports in the
future .
clara | 0 | ham | enpower cash flows for 9 / 1 / 00 | - - - - - - - - - - - - - - - - - - - - - - forwarded by stacey w white / hou / ect on 09 / 07 / 2000
12 : 44 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
clara carrington
09 / 05 / 2000 07 : 01 pm
to : valarie sabo / pdx / ect @ ect
cc : stacey w white / hou / ect @ ect , joyce kuo / na / enron @ enron , sheila
glover / hou / ect @ ect , brent a price / hou / ect @ ect , sally beck / hou / ect @ ect , monica
lande / pdx / ect @ ect , donald wayne vinson / hou / ect @ ect
subject : enpower cash flows for 9 / 1 / 00
valarie ,
thanks again for the emails you sent to us on 9 / 1 / 00 and 9 / 4 / 00 regarding the
killed deals for the city of vernon . the reports you provided were exactly
what we needed in order to explain the large cash flow change received from
the west book . please continue to send these types of reports in the
future .
clara | 2000-09-07T00:00:00 |
33,215 | want a cablefilter ? good day bruce @ bruce - guenter . dyndns . org ,
never pay for ppv sports , movies , adult channels ,
ondemand , ever again !
get yourself a 54 mhz cablefilter for your t . v .
then start saving on your cable bills ! it ' ll pay
for itself by your next bill !
goto our page below
our page : nauhgh . com
get back to you later ,
ruthie z . simon , vi
shockerantoinette @ flashmail . com
assibilation is 120939210 in asideness
broncholithiasis was barbary in the bloodripe
cattail was 306930381 in blindfast
alemannish is os for articulus to attentively below bucculatrix in barograph
calends for a 319334625 once andesine or arosaguntacook for assonate
act in the valley so that you need not fear those who stand on the hill . - danish proverb . i don ' t miss jumping for three or four weeks . . | 1 | spam | want a cablefilter ? | good day bruce @ bruce - guenter . dyndns . org ,
never pay for ppv sports , movies , adult channels ,
ondemand , ever again !
get yourself a 54 mhz cablefilter for your t . v .
then start saving on your cable bills ! it ' ll pay
for itself by your next bill !
goto our page below
our page : nauhgh . com
get back to you later ,
ruthie z . simon , vi
shockerantoinette @ flashmail . com
assibilation is 120939210 in asideness
broncholithiasis was barbary in the bloodripe
cattail was 306930381 in blindfast
alemannish is os for articulus to attentively below bucculatrix in barograph
calends for a 319334625 once andesine or arosaguntacook for assonate
act in the valley so that you need not fear those who stand on the hill . - danish proverb . i don ' t miss jumping for three or four weeks . . | 2005-06-18T00:00:00 |
14,873 | fw : info : please read - - feb 1 churn wes / louise ,
given that the lists are not final i find it difficult to expect that we can make a deadline of monday at 2 : 00 . are you willing to consider the churn on feb 8 duree , janelle ; sustaita , dolores ; link , kathy ; adamik , darren
subject : info : please read - - feb 1 churn
importance : high
tammy - -
janelle and i met this morning regarding the churn for ecso 5 / 06 et al .
in order to be able to meet the deadline of next weekend , we will have to have all churns submitted no later than monday , january 28 @ 2 : 00 pm . we will not be able to allow any adds / changes past that point .
should we be unable to meet the deadline at 2 : 00 on monday we will need to look at pushing back a week . one option might be ( if all churns aren ' t submitted on time ) to move all non ubs people off of ecs 05 & 06 on the 2 / 1 weekend , and then " shuffle " every eon else the following
thanks , call me if you have any questions
spc
s . paige cox
director
global infrastructure
enron net works
office : 713 - 853 - 5428
cell : 281 - 830 - 1111
paige . cox @ enron . com | 0 | ham | fw : info : please read - - feb 1 churn | wes / louise ,
given that the lists are not final i find it difficult to expect that we can make a deadline of monday at 2 : 00 . are you willing to consider the churn on feb 8 duree , janelle ; sustaita , dolores ; link , kathy ; adamik , darren
subject : info : please read - - feb 1 churn
importance : high
tammy - -
janelle and i met this morning regarding the churn for ecso 5 / 06 et al .
in order to be able to meet the deadline of next weekend , we will have to have all churns submitted no later than monday , january 28 @ 2 : 00 pm . we will not be able to allow any adds / changes past that point .
should we be unable to meet the deadline at 2 : 00 on monday we will need to look at pushing back a week . one option might be ( if all churns aren ' t submitted on time ) to move all non ubs people off of ecs 05 & 06 on the 2 / 1 weekend , and then " shuffle " every eon else the following
thanks , call me if you have any questions
spc
s . paige cox
director
global infrastructure
enron net works
office : 713 - 853 - 5428
cell : 281 - 830 - 1111
paige . cox @ enron . com | 2002-01-25T00:00:00 |
30,127 | greater than some not r e finance before election when the r a tes will rise !
it is your last chance
http : / / www . aonmate . com /
you are already approv e d with 3 . 0 point
thank you .
beard
- - - - - - - - - - -
we fastidious - at of emerald
compost an or the nigger quonset
cantle duchess is it doodle
counselor headlight - in gripe | 1 | spam | greater than some not | r e finance before election when the r a tes will rise !
it is your last chance
http : / / www . aonmate . com /
you are already approv e d with 3 . 0 point
thank you .
beard
- - - - - - - - - - -
we fastidious - at of emerald
compost an or the nigger quonset
cantle duchess is it doodle
counselor headlight - in gripe | 2004-10-25T00:00:00 |
28,348 | january 12 th update jeff / michelle ,
here you go - update for the 12 th is attached .
have a nice weekend !
suzanne
- igsupdate . xls | 0 | ham | january 12 th update | jeff / michelle ,
here you go - update for the 12 th is attached .
have a nice weekend !
suzanne
- igsupdate . xls | 2001-01-12T00:00:00 |
354 | re : midcon invoices do you guys agree with the rate ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by lauri a allen / hou / ect on 02 / 24 / 2000 02 : 51
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
kellie bilski 02 / 24 / 2000 02 : 19 pm
to : lauri a allen / hou / ect @ ect
cc :
subject : re : midcon invoices
midcon is billing us $ . 05 from katy to cogen .
lauri a allen
02 / 24 / 2000 01 : 57 pm
to : kellie bilski / hou / ect @ ect
cc : elsa villarreal / hou / ect @ ect , daren j farmer / hou / ect @ ect
subject : midcon invoices
kellie -
i researched the statements you sent me and found deal ticket # 109925 in
sitara which shows hplc transporting on midcon from live oak to hardy street
for $ . 04 / mm for the months of august and september .
the statement for november covers gas moving from katy tailgate to cogen
lyondell and is covered by sitara deal ticket # 133257 . the deal ticket shows
a zero rate , however . elsa / daren - do either of you remember this deal ? it
was on november 30 th for 5000 mm . kellie - what is midcon charging for this
haul ?
thanks . | 0 | ham | re : midcon invoices | do you guys agree with the rate ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by lauri a allen / hou / ect on 02 / 24 / 2000 02 : 51
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
kellie bilski 02 / 24 / 2000 02 : 19 pm
to : lauri a allen / hou / ect @ ect
cc :
subject : re : midcon invoices
midcon is billing us $ . 05 from katy to cogen .
lauri a allen
02 / 24 / 2000 01 : 57 pm
to : kellie bilski / hou / ect @ ect
cc : elsa villarreal / hou / ect @ ect , daren j farmer / hou / ect @ ect
subject : midcon invoices
kellie -
i researched the statements you sent me and found deal ticket # 109925 in
sitara which shows hplc transporting on midcon from live oak to hardy street
for $ . 04 / mm for the months of august and september .
the statement for november covers gas moving from katy tailgate to cogen
lyondell and is covered by sitara deal ticket # 133257 . the deal ticket shows
a zero rate , however . elsa / daren - do either of you remember this deal ? it
was on november 30 th for 5000 mm . kellie - what is midcon charging for this
haul ?
thanks . | 2000-02-24T00:00:00 |
18,407 | be young modesto " hormone replacement
therapy ( hgh ) is the best and most effective anti - aging medical therapy of the
moment . "
- dr . thierry hertoghe ,
president of the european academy for quality life and longevity medicine
after
the age of twenty - one , your body slowly stops releasing an important hormone
known as hgh ( human growth hormone ) . the
reduction of hgh , which regulates levels of other hormones in the body ( including
testosterone , estrogen , progesterone , and melatonin ) is directly responsible
for many of the most common signs of growing old , such as wrinkles , gray hair ,
decreased energy , and diminished sexual function .
doctors agree . . .
hgh will change the way you look and feel !
entr here . . .
doctor ! fastened , featherbed moderated numeral .
bloch ! exempted , personage moonlike electors .
nomore
mail ?
fitly ! manifold , woodchuck seers secret .
televised ! damages , statute vulgarly battleship . | 1 | spam | be young modesto | " hormone replacement
therapy ( hgh ) is the best and most effective anti - aging medical therapy of the
moment . "
- dr . thierry hertoghe ,
president of the european academy for quality life and longevity medicine
after
the age of twenty - one , your body slowly stops releasing an important hormone
known as hgh ( human growth hormone ) . the
reduction of hgh , which regulates levels of other hormones in the body ( including
testosterone , estrogen , progesterone , and melatonin ) is directly responsible
for many of the most common signs of growing old , such as wrinkles , gray hair ,
decreased energy , and diminished sexual function .
doctors agree . . .
hgh will change the way you look and feel !
entr here . . .
doctor ! fastened , featherbed moderated numeral .
bloch ! exempted , personage moonlike electors .
nomore
mail ?
fitly ! manifold , woodchuck seers secret .
televised ! damages , statute vulgarly battleship .
| 2004-02-24T00:00:00 |
22,653 | unify ar - - sap plans the attached memo details our proposal of a week ago to use sap ar rather
than unify ar . as of this morning , we finalized our decision to use the sap
ar system and to turn off unify ar when sap is implemented . please direct
any questions to myself at x 33179 or melissa white at x 35704 .
please feel free to forward this memo to anyone i may have forgotten who is
interested .
stephen
- - - - - - - - - - - - - - - - - - - - - - forwarded by stephen p schwarz / hou / ect on 02 / 29 / 2000
01 : 15 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : stephen p schwarz 02 / 18 / 2000 04 : 17 pm
to : bryce baxter / hou / ect @ ect , lisa csikos / hou / ect @ ect , rita
wynne / hou / ect @ ect , mechelle stevens / hou / ect @ ect , susan harrison / hou / ect @ ect ,
brenda f herod / hou / ect @ ect , brent a price / hou / ect @ ect , melissa k
ratnala / hou / ect @ ect , leslie reeves @ ccmail , evelyn aucoin / hou / ect @ ect , laura e
scott / cal / ect @ ect , cheryl dawes / cal / ect @ ect
cc : melissa white / hou / ect @ ect , dorothy ricketts / hou / ect @ ect , kimberly
perkins / hou / ect @ ect , trang le / hou / ect @ ect , christy sweeney / hou / ect @ ect
subject : unify ar - - sap plans
two years ago enron north america made a decision to use unify ar for cash
application rather than sap ar . we decided at the time that sap ar would be
kept in sync with unify ar by the unify / sap interface . we believe that the
business logic for that decision has changed , and are now recommending that
unify ar be permanently turned off and all ar functions be performed in sap .
i have briefly summarized the change in business situation below .
two years ago today
netting allowed by legal and credit only if netting contract was already in
place . netting encouraged by legal and credit wherever possible , regardless of
existence of signed agreement .
netting limited to one counterparty and legal entity at a time . canada nets across
counterparties .
netting performed in physical only , financial settlements to maintain
separate net statement process . ena considering netting physical and financial
together .
all account coordinators were to apply their own cash . cash applied centrally in
power , financial and canada individual coordinators apply cash only in
physical gas .
cash was to be applied at the line item level to track variances and to
facilitate calculation of cost of funds by commercial team . although gas
settlements is applying cash for some invoices at the line item level , this
functionality is not being used by power settlements and will not be used by
financial settlements . the company has not made any move towards calculating
cost of funds by commercial team .
the account inquiry functionality in unify was thought to be a key on - line
tool . old habits die hard . . . most users appear to be printing reports and reviewing
data , rather than using the on - line functionality .
overapplication of cash was not to be allowed . overpayments would be
classified as " on account " , with issues tracked in a case management system . case
management system does not exist . allowing overapplication helps the account
coordinators track overpayments easier than leaving cash on account .
the counterparty / legal entity combination on the deposit needed to match the
counterparty / legal entity combination on the enron invoice . given the number of legal
entities enron has , along with the number of entities our counterparties
have , this seems like a hopeless battle . allowing cross - application of cash
seems easier .
corp required that intercompany settlements had to be " settled " with cash
movement . corp no longer requires intercompany settlements to be " settled " with cash
movement .
converting to sap ar simplifies the unify / sap interface in the following ways :
bank deposits into sap do not have to be split off into unify
cash entries in unify do not have to be interfaced back to sap
unify netting entries do not have to be interfaced to sap
payables information does not have to be interfaced from sap to unify
given the change in attitudes towards our netting business process we face
two problems in unify .
controls built into unify are already obsolete .
unify does not maintain all products in one database , making efforts to net
across products in the future ( physical with financial , for instance )
impossible .
our understanding of the netting process in sap indicates that there are no
controls ( which sounds good at this point ) and that we would retain the
automatic netting entries when the payable is netted with the receivable
within sap . however , we emphasize that netting would be done in sap , not at
the time of finaling a payment in unify .
to repeat , we are recommending that unify ar be turned off and we convert to
sap ar . we will schedule a meeting the week of february 22 to discuss .
please call me at x 33179 with any questions or comments . we will make this
decision by february 28 because the sap timeline does not allow any
additional time for consideration .
stephen | 0 | ham | unify ar - - sap plans | the attached memo details our proposal of a week ago to use sap ar rather
than unify ar . as of this morning , we finalized our decision to use the sap
ar system and to turn off unify ar when sap is implemented . please direct
any questions to myself at x 33179 or melissa white at x 35704 .
please feel free to forward this memo to anyone i may have forgotten who is
interested .
stephen
- - - - - - - - - - - - - - - - - - - - - - forwarded by stephen p schwarz / hou / ect on 02 / 29 / 2000
01 : 15 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron north america corp .
from : stephen p schwarz 02 / 18 / 2000 04 : 17 pm
to : bryce baxter / hou / ect @ ect , lisa csikos / hou / ect @ ect , rita
wynne / hou / ect @ ect , mechelle stevens / hou / ect @ ect , susan harrison / hou / ect @ ect ,
brenda f herod / hou / ect @ ect , brent a price / hou / ect @ ect , melissa k
ratnala / hou / ect @ ect , leslie reeves @ ccmail , evelyn aucoin / hou / ect @ ect , laura e
scott / cal / ect @ ect , cheryl dawes / cal / ect @ ect
cc : melissa white / hou / ect @ ect , dorothy ricketts / hou / ect @ ect , kimberly
perkins / hou / ect @ ect , trang le / hou / ect @ ect , christy sweeney / hou / ect @ ect
subject : unify ar - - sap plans
two years ago enron north america made a decision to use unify ar for cash
application rather than sap ar . we decided at the time that sap ar would be
kept in sync with unify ar by the unify / sap interface . we believe that the
business logic for that decision has changed , and are now recommending that
unify ar be permanently turned off and all ar functions be performed in sap .
i have briefly summarized the change in business situation below .
two years ago today
netting allowed by legal and credit only if netting contract was already in
place . netting encouraged by legal and credit wherever possible , regardless of
existence of signed agreement .
netting limited to one counterparty and legal entity at a time . canada nets across
counterparties .
netting performed in physical only , financial settlements to maintain
separate net statement process . ena considering netting physical and financial
together .
all account coordinators were to apply their own cash . cash applied centrally in
power , financial and canada individual coordinators apply cash only in
physical gas .
cash was to be applied at the line item level to track variances and to
facilitate calculation of cost of funds by commercial team . although gas
settlements is applying cash for some invoices at the line item level , this
functionality is not being used by power settlements and will not be used by
financial settlements . the company has not made any move towards calculating
cost of funds by commercial team .
the account inquiry functionality in unify was thought to be a key on - line
tool . old habits die hard . . . most users appear to be printing reports and reviewing
data , rather than using the on - line functionality .
overapplication of cash was not to be allowed . overpayments would be
classified as " on account " , with issues tracked in a case management system . case
management system does not exist . allowing overapplication helps the account
coordinators track overpayments easier than leaving cash on account .
the counterparty / legal entity combination on the deposit needed to match the
counterparty / legal entity combination on the enron invoice . given the number of legal
entities enron has , along with the number of entities our counterparties
have , this seems like a hopeless battle . allowing cross - application of cash
seems easier .
corp required that intercompany settlements had to be " settled " with cash
movement . corp no longer requires intercompany settlements to be " settled " with cash
movement .
converting to sap ar simplifies the unify / sap interface in the following ways :
bank deposits into sap do not have to be split off into unify
cash entries in unify do not have to be interfaced back to sap
unify netting entries do not have to be interfaced to sap
payables information does not have to be interfaced from sap to unify
given the change in attitudes towards our netting business process we face
two problems in unify .
controls built into unify are already obsolete .
unify does not maintain all products in one database , making efforts to net
across products in the future ( physical with financial , for instance )
impossible .
our understanding of the netting process in sap indicates that there are no
controls ( which sounds good at this point ) and that we would retain the
automatic netting entries when the payable is netted with the receivable
within sap . however , we emphasize that netting would be done in sap , not at
the time of finaling a payment in unify .
to repeat , we are recommending that unify ar be turned off and we convert to
sap ar . we will schedule a meeting the week of february 22 to discuss .
please call me at x 33179 with any questions or comments . we will make this
decision by february 28 because the sap timeline does not allow any
additional time for consideration .
stephen | 2000-02-29T00:00:00 |
20,494 | h e l l od e a rh o m eo w n e r ,
w eh a v eb e e nn o t i f i e dt h a ty o u rm o r t g a g e
r a t ei sf i x e da tav e r yh i g hi n t e r e s tr a t e .
t h e r e f o r ey o ua r ec u r r e n to v e r p a y i n g ,
w h i c hs u m s - u pt ot h o u s a n d so f
d o l l a r sa n n u a l l y .
l u c k i l yf o ry o uw ec a n
g u a r a n t e e
t h el o w e s tr a t e si nt h eu . s .
( 3 . 5 2 % ) .
s oh u r r yb e c a u s et h er a t ef o r e c a s ti s
n o tl o o k i n gg o o d !
t h e r ei sn oo b l i g a t i o n s , a n di tf r e e
l o c ko nt h e 3 . 5 2 % , e v e nw i t hb a dc r e d i t !
c l i c kh e r en o wf o rd e t a i l s
r e - m o v eh e r e | 1 | spam | h e l l od e a rh o m eo w n e r ,
w eh a v eb e e nn o t i f i e dt h a ty o u rm o r t g a g e
r a t ei sf i x e da tav e r yh i g hi n t e r e s tr a t e .
t h e r e f o r ey o ua r ec u r r e n to v e r p a y i n g ,
w h i c hs u m s - u pt ot h o u s a n d so f
d o l l a r sa n n u a l l y .
l u c k i l yf o ry o uw ec a n
g u a r a n t e e
t h el o w e s tr a t e si nt h eu . s .
( 3 . 5 2 % ) .
s oh u r r yb e c a u s et h er a t ef o r e c a s ti s
n o tl o o k i n gg o o d !
t h e r ei sn oo b l i g a t i o n s , a n di tf r e e
l o c ko nt h e 3 . 5 2 % , e v e nw i t hb a dc r e d i t !
c l i c kh e r en o wf o rd e t a i l s
r e - m o v eh e r e
| 2004-11-26T00:00:00 |
|
24,694 | daniel kargbo . fork ! fork ,
from ; mr . david kargbou and family ,
johannesburg , south africa .
my dear ,
good day . this very confidential request should come as a surprise to you . but it is because of the nature of what is happening to me and my family urged me to contact you , and i quite understand that this is not the best way to contact you because of the nature of my request and the attention it requires . i got your contact information from your country ' s information directory during my desperate search for someone who can assist me secretly and confidentially in relocating and managing some family fortunes .
my name is mr . david kargbou , the second son of mr . smith thabo kargbou , of beitbridge zimbabwe . at the height of the present political crises in our country , in which the white farmers in our country are being slained and ripped off their belongings by the supporters of our president , mr . robert g . mugabe , in their efforts to reclaim all the white owned farms in our country , my father and my elder brother were brutally slained to a painful death on the 13 th of february , 2002 , in their struggle to protect some white farmers who ran to take refuge in our house . my father , during his life on earth was a prominent business man who trades on diamond and gold from some foreign countries . he publicly opposes the crude policies and crime against humanity on the white farmers by mr . robert mugabe and his followers , which they enforced media law restrictions to protect their wicked acts . that not being enough , the president and his followers after winning the la
st undemocratic elections decided to block and confiscate all accounts and assets of our black indigenes [ that included my fathers assets and accounts ] who oppose his policies and render support to these white farmers , along with the assets of these white farmers themselves , that are being presently confiscated . i therefore decided to move my mother and younger sister to the republic of south africa , where we presently live without anything and without any source of livelyhood .
during my fathers life on earth , he had deposited the sum of seven million and four hundred thousand united states dollars [ $ 7 . 400 . 000 . 00 ] in a trunk box with a finance and security company in the republic of togo for a cash and carry diamond and gold business with some foreign business customers , awaiting instructions to be moved to its destination , which he never completed before he met his untimely death on that faithful day . in view of this and as the only surviving son of my father , and with the present clamp down , killing and confiscation of his assets as one of those who render support to the white farmers in our country , i therefore humbly wish to inform you of my intentions to use your name and adress in making sure that this fund is lifted out of africa finally , to the europe office of the finance company and also seek for your honest and trustworthy assistance to help me clear and accommodate this money over there before it is dictated out and bloc
ked by the present mugabe ' s regime . my mother is presently with the valid document covering this deposit .
now this is what i actually want you to do for me ;
1 . i want you to be presented to the finance and security company as the person i contacted to assist my family for this purpose , with whose name and adress myself and my mother will forward to them their office in the republic of togo as the person that will clear this money when they lift it out to their europe office .
2 . to finally assist me in accommodating and managing this money in any lucrative business in your country for at least three years .
please , i hope you will grant and view this very request with favour and much understanding of our situation now , and will be a very honest and reliable person to deal with . and also bearing in mind the confidential nature of this my request , i emphasize please that you keep every bit of it to yourself so as to protect my familys future and yourself rendering this help . thanking you in anticipation of your urgent response as soon as you read this very request .
best regards ,
mr . david kargbou and family .
http : / / xent . com / mailman / listinfo / fork | 1 | spam | daniel kargbo . fork ! | fork ,
from ; mr . david kargbou and family ,
johannesburg , south africa .
my dear ,
good day . this very confidential request should come as a surprise to you . but it is because of the nature of what is happening to me and my family urged me to contact you , and i quite understand that this is not the best way to contact you because of the nature of my request and the attention it requires . i got your contact information from your country ' s information directory during my desperate search for someone who can assist me secretly and confidentially in relocating and managing some family fortunes .
my name is mr . david kargbou , the second son of mr . smith thabo kargbou , of beitbridge zimbabwe . at the height of the present political crises in our country , in which the white farmers in our country are being slained and ripped off their belongings by the supporters of our president , mr . robert g . mugabe , in their efforts to reclaim all the white owned farms in our country , my father and my elder brother were brutally slained to a painful death on the 13 th of february , 2002 , in their struggle to protect some white farmers who ran to take refuge in our house . my father , during his life on earth was a prominent business man who trades on diamond and gold from some foreign countries . he publicly opposes the crude policies and crime against humanity on the white farmers by mr . robert mugabe and his followers , which they enforced media law restrictions to protect their wicked acts . that not being enough , the president and his followers after winning the la
st undemocratic elections decided to block and confiscate all accounts and assets of our black indigenes [ that included my fathers assets and accounts ] who oppose his policies and render support to these white farmers , along with the assets of these white farmers themselves , that are being presently confiscated . i therefore decided to move my mother and younger sister to the republic of south africa , where we presently live without anything and without any source of livelyhood .
during my fathers life on earth , he had deposited the sum of seven million and four hundred thousand united states dollars [ $ 7 . 400 . 000 . 00 ] in a trunk box with a finance and security company in the republic of togo for a cash and carry diamond and gold business with some foreign business customers , awaiting instructions to be moved to its destination , which he never completed before he met his untimely death on that faithful day . in view of this and as the only surviving son of my father , and with the present clamp down , killing and confiscation of his assets as one of those who render support to the white farmers in our country , i therefore humbly wish to inform you of my intentions to use your name and adress in making sure that this fund is lifted out of africa finally , to the europe office of the finance company and also seek for your honest and trustworthy assistance to help me clear and accommodate this money over there before it is dictated out and bloc
ked by the present mugabe ' s regime . my mother is presently with the valid document covering this deposit .
now this is what i actually want you to do for me ;
1 . i want you to be presented to the finance and security company as the person i contacted to assist my family for this purpose , with whose name and adress myself and my mother will forward to them their office in the republic of togo as the person that will clear this money when they lift it out to their europe office .
2 . to finally assist me in accommodating and managing this money in any lucrative business in your country for at least three years .
please , i hope you will grant and view this very request with favour and much understanding of our situation now , and will be a very honest and reliable person to deal with . and also bearing in mind the confidential nature of this my request , i emphasize please that you keep every bit of it to yourself so as to protect my familys future and yourself rendering this help . thanking you in anticipation of your urgent response as soon as you read this very request .
best regards ,
mr . david kargbou and family .
http : / / xent . com / mailman / listinfo / fork | 2002-08-04T00:00:00 |
2,482 | hpl nom for january 30 , 2001 ( see attached file : hplnol 30 . xls )
- hplnol 30 . xls | 0 | ham | hpl nom for january 30 , 2001 | ( see attached file : hplnol 30 . xls )
- hplnol 30 . xls | 2001-01-29T00:00:00 |
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[ ^ " : } h & * tgobk 5 nkiys 5 ] | 1 | spam | how many " inches " do you need to satisfy a woman in bed ? | 67 % of women desire a bigger man . . .
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17,993 | start date : 2 / 2 / 02 ; hourahead hour : 2 ; start date : 2 / 2 / 02 ; hourahead hour : 2 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002020202 . txt | 0 | ham | start date : 2 / 2 / 02 ; hourahead hour : 2 ; | start date : 2 / 2 / 02 ; hourahead hour : 2 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002020202 . txt | 2002-02-02T00:00:00 |
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smith
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phone : 878 - 751 - 8717
mobile : 141 - 343 - 3345
email : gtezmnjilyhsnq @ eaglesnest . net
this is an auto - generated message - please do not reply to this message
this file is a 97 hour trial version
notes :
the contents of this message is for comprehension and should not be borealis frantic
myel amoral hodge
time : sun , 19 dec 2004 14 : 30 : 49 + 0200 | 1 | spam | its illegal to use hacked offce x , p | computer software at unbeatable pr ! ces !
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the stock is limited
the offer is valid till december 29 th
thanks
lorie wills
smith
rebirth technologies inc , south bay , florida 33493 , united states of america
phone : 878 - 751 - 8717
mobile : 141 - 343 - 3345
email : gtezmnjilyhsnq @ eaglesnest . net
this is an auto - generated message - please do not reply to this message
this file is a 97 hour trial version
notes :
the contents of this message is for comprehension and should not be borealis frantic
myel amoral hodge
time : sun , 19 dec 2004 14 : 30 : 49 + 0200 | 2004-12-19T00:00:00 |
9,226 | re : ut short course travel arrangements martin ,
i can join the car pool .
vince
from : martin lin on 04 / 25 / 2001 10 : 59 am
to : vince j kaminski / hou / ect @ ect , vasant shanbhogue / enron @ enronxgate , sandeep
kohli / enron _ development @ enron _ development , lance cunningham / na / enron @ enron ,
sevil yaman / corp / enron @ enron
cc :
subject : ut short course travel arrangements
if the schedule works , perhaps a carpool is best for attending the course ,
given the number of us going . vasant has offered to drive . dependiing on
driving speed and traffic , leaving houston by 9 : 30 am should give sufficient
time to make the lpm class , including some time for lunch .
please let me know if you are interested in the carpool or have alternate
plans or suggestions .
thanks ,
martin | 0 | ham | re : ut short course travel arrangements | martin ,
i can join the car pool .
vince
from : martin lin on 04 / 25 / 2001 10 : 59 am
to : vince j kaminski / hou / ect @ ect , vasant shanbhogue / enron @ enronxgate , sandeep
kohli / enron _ development @ enron _ development , lance cunningham / na / enron @ enron ,
sevil yaman / corp / enron @ enron
cc :
subject : ut short course travel arrangements
if the schedule works , perhaps a carpool is best for attending the course ,
given the number of us going . vasant has offered to drive . dependiing on
driving speed and traffic , leaving houston by 9 : 30 am should give sufficient
time to make the lpm class , including some time for lunch .
please let me know if you are interested in the carpool or have alternate
plans or suggestions .
thanks ,
martin | 2001-04-25T00:00:00 |
8,001 | lng hedging vince ,
fyi . this is something the team has been working on with krishna .
regards ,
sandeep .
- - - - - - - - - - - - - - - - - - - - - - forwarded by sandeep kohli / enron _ development on
12 / 21 / 2000 04 : 03 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
sandeep kohli
12 / 21 / 2000 04 : 00 pm
to : james a hughes / enron _ development @ enron _ development
cc :
subject : lng hedging
jim ,
i am attaching below a small draft note prepared by anshuman on lng hedging .
it talks of two products :
( 1 ) volumetric options ( where we buy a call on 100 % of the volumes and sell a
put on 50 % of the volumes to finance the call ) , and
( 2 ) ratio derivative where we buy two calls at a higher price , and sell one
at a lower price to finance it . this is not one that the traders agree to ,
since at the upper price , the calls bought are just at the money , while the
sold call is in the money , and will cost the seller .
hence , only option 1 is useful . it could provide risk mitigation in the high
price scenario , while allowing some participation in low prices . to test it ,
we used march 2001 period . to have it cost neutral , we would buy a call at
$ 26 , and sell the put at $ 25 . 15 .
as we bounce these ideas , i think it is very important that we work closely
with the global markets group . the team on the ground knows the contracts
better , and maybe able to give you insights on what can be sold to mseb .
would love to discuss the same with you .
regards ,
sandeep . | 0 | ham | lng hedging | vince ,
fyi . this is something the team has been working on with krishna .
regards ,
sandeep .
- - - - - - - - - - - - - - - - - - - - - - forwarded by sandeep kohli / enron _ development on
12 / 21 / 2000 04 : 03 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
sandeep kohli
12 / 21 / 2000 04 : 00 pm
to : james a hughes / enron _ development @ enron _ development
cc :
subject : lng hedging
jim ,
i am attaching below a small draft note prepared by anshuman on lng hedging .
it talks of two products :
( 1 ) volumetric options ( where we buy a call on 100 % of the volumes and sell a
put on 50 % of the volumes to finance the call ) , and
( 2 ) ratio derivative where we buy two calls at a higher price , and sell one
at a lower price to finance it . this is not one that the traders agree to ,
since at the upper price , the calls bought are just at the money , while the
sold call is in the money , and will cost the seller .
hence , only option 1 is useful . it could provide risk mitigation in the high
price scenario , while allowing some participation in low prices . to test it ,
we used march 2001 period . to have it cost neutral , we would buy a call at
$ 26 , and sell the put at $ 25 . 15 .
as we bounce these ideas , i think it is very important that we work closely
with the global markets group . the team on the ground knows the contracts
better , and maybe able to give you insights on what can be sold to mseb .
would love to discuss the same with you .
regards ,
sandeep . | 2000-12-21T00:00:00 |
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| 2004-11-29T00:00:00 |
28,886 | fw : september gas flows fyi , kim .
- - - - - original message - - - - -
from : hartfield , rita
sent : friday , september 28 , 2001 2 : 25 pm
to : alamo , joseph ; allegretti , daniel ; allen , joe ; alvarez , ramon ; arefieva , maria ; barnes , lynnette ; bellas , kirsten ; benson , eric ; binns , darran ; boatman , jack ; bolton , scott ; boston , jerry ; boston , roy ; bradley , rob ; briggs , tom ; buerger , rubena ; cady , rachel ; canovas , guillermo ; cantrell , rebecca w . ; comnes , alan ; cooney , carolyn ; cordes , bill ; corman , shelley ; dasovich , jeff ; decker , larry ; dernehl , ginger ; donoho , lindy ; dowd , stephen ; dressler , jean ; farrell , sharon ; floris , vinio ; frank , robert ; fromer , howard ; fulton , donna ; gomez , julie a . ; gottfredson , bryan ; guerrero , janel ; hamilton , allison ; hardy jr , john ; harris , steven ; hawkins , bernadette ; hayes , robert ; hemstock , robert ; hetrick , nancy ; horton , stanley ; huang , karen ; hueter , barbara a . ; hunter , bevin ; huson , margaret ; ingersoll , richard ; kaufman , paul ; kean , steven j . ; keene , patrick ; kingerski , harry ; kishigami , kikumi ; knight , laurie ; landwehr , susan m . ; lassere , donald ; lawner , leslie ; lawrence , linda l . ; leibman , lara ; leonardo , sam ; levy , alberto ; linnell , elizabeth ; mangskau , david ; maurer , luiz ; mccarty , danny ; mcvicker , maureen ; migden , janine ; miller , terri ; montovano , steve ; moore , bill ; mrha , jean ; nersesian , carin ; neustaedter , robert ; nicolay , christi l . ; noske , linda j . ; novosel , sarah ; ogenyi , gloria ; palmer , germain ; perez , carmen ; perrino , dave ; petrochko , mona l . ; pharms , melinda ; reblitz , scott ; reyna , margo ; rishe , frank ; rizzo , helen ; roan , michael ; robertson , linda ; robinson , marchris ; rodriquez , andy ; rosenberg , david e . ; ryall , jean ; shapiro , richard ; shelk , john ; shortridge , pat ; staines , dan ; steffes , james d . ; stroup , kerry ; sullivan , kathleen ; sullivan , lora ; thome , jennifer ; tiberi , fino ; tu , denis ; twiggs , thane ; walton , steve ; warner , geriann ; watson , kimberly ; yeung , charles ; yoho , lisa
subject : september gas flows
attached is the september issue of gas flows which addresses natural gas prices & demand and canadian supply .
rita hartfield
phone : 713 - 853 - 5854
fax : 713 - 646 - 4702
cell : 713 - 504 - 5428
rita . hartfield @ enron . com | 0 | ham | fw : september gas flows | fyi , kim .
- - - - - original message - - - - -
from : hartfield , rita
sent : friday , september 28 , 2001 2 : 25 pm
to : alamo , joseph ; allegretti , daniel ; allen , joe ; alvarez , ramon ; arefieva , maria ; barnes , lynnette ; bellas , kirsten ; benson , eric ; binns , darran ; boatman , jack ; bolton , scott ; boston , jerry ; boston , roy ; bradley , rob ; briggs , tom ; buerger , rubena ; cady , rachel ; canovas , guillermo ; cantrell , rebecca w . ; comnes , alan ; cooney , carolyn ; cordes , bill ; corman , shelley ; dasovich , jeff ; decker , larry ; dernehl , ginger ; donoho , lindy ; dowd , stephen ; dressler , jean ; farrell , sharon ; floris , vinio ; frank , robert ; fromer , howard ; fulton , donna ; gomez , julie a . ; gottfredson , bryan ; guerrero , janel ; hamilton , allison ; hardy jr , john ; harris , steven ; hawkins , bernadette ; hayes , robert ; hemstock , robert ; hetrick , nancy ; horton , stanley ; huang , karen ; hueter , barbara a . ; hunter , bevin ; huson , margaret ; ingersoll , richard ; kaufman , paul ; kean , steven j . ; keene , patrick ; kingerski , harry ; kishigami , kikumi ; knight , laurie ; landwehr , susan m . ; lassere , donald ; lawner , leslie ; lawrence , linda l . ; leibman , lara ; leonardo , sam ; levy , alberto ; linnell , elizabeth ; mangskau , david ; maurer , luiz ; mccarty , danny ; mcvicker , maureen ; migden , janine ; miller , terri ; montovano , steve ; moore , bill ; mrha , jean ; nersesian , carin ; neustaedter , robert ; nicolay , christi l . ; noske , linda j . ; novosel , sarah ; ogenyi , gloria ; palmer , germain ; perez , carmen ; perrino , dave ; petrochko , mona l . ; pharms , melinda ; reblitz , scott ; reyna , margo ; rishe , frank ; rizzo , helen ; roan , michael ; robertson , linda ; robinson , marchris ; rodriquez , andy ; rosenberg , david e . ; ryall , jean ; shapiro , richard ; shelk , john ; shortridge , pat ; staines , dan ; steffes , james d . ; stroup , kerry ; sullivan , kathleen ; sullivan , lora ; thome , jennifer ; tiberi , fino ; tu , denis ; twiggs , thane ; walton , steve ; warner , geriann ; watson , kimberly ; yeung , charles ; yoho , lisa
subject : september gas flows
attached is the september issue of gas flows which addresses natural gas prices & demand and canadian supply .
rita hartfield
phone : 713 - 853 - 5854
fax : 713 - 646 - 4702
cell : 713 - 504 - 5428
rita . hartfield @ enron . com | 2001-10-08T00:00:00 |
3,503 | fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ] thought you guys might like to see this .
tom
- - - - - original message - - - - -
from : " lyne martin " @ enron [ mailto : imceanotes - + 22 lyne + 20 martin + 22 + 20 + 3 clynemartin + 40 msn + 2 ecom + 3 e + 40 enron @ enron . com ]
sent : friday , september 21 , 2001 1 : 42 pm
to : margaret bassani ; martin , thomas a . ; tammy lanasa ; stacy ewing ; ken mary martin ; wendy lijewski
subject : fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ]
- - - - - original message - - - - -
from : susan carlock
sent : friday , september 21 , 2001 9 : 55 am
to : tracy and steve schultz ; tom and lyne martin ; sara and mark hanson ; phil and isabel o ' brien ; jack and bonnie babcock ; elaine morelock ; alan carlock
subject : fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ]
this is just an amazing piece of art work by a school aged child .
- - - - - original message - - - - -
from : denise kelly [ mailto : dkelly @ us . hynix . com ]
sent : thursday , september 20 , 2001 2 : 44 pm
to : carl kelley ( e - mail ) ; carol moree ( e - mail ) ; mark michelle knapp ( e - mail ) ; nanette woosley ( e - mail ) ; rhonda wood
( e - mail ) ; tina carter ( e - mail ) ; tish sweeney ( e - mail )
subject : fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ]
- - - - - original message - - - - -
from : becky dunn
sent : thursday , september 20 , 2001 12 : 25 pm
to : cindy missana ( e - mail ) ; christine reyner ( e - mail ) ; tina braska ;
denise kelly ; sandy reza ( e - mail )
subject : fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ]
- healing . gif | 0 | ham | fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ] | thought you guys might like to see this .
tom
- - - - - original message - - - - -
from : " lyne martin " @ enron [ mailto : imceanotes - + 22 lyne + 20 martin + 22 + 20 + 3 clynemartin + 40 msn + 2 ecom + 3 e + 40 enron @ enron . com ]
sent : friday , september 21 , 2001 1 : 42 pm
to : margaret bassani ; martin , thomas a . ; tammy lanasa ; stacy ewing ; ken mary martin ; wendy lijewski
subject : fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ]
- - - - - original message - - - - -
from : susan carlock
sent : friday , september 21 , 2001 9 : 55 am
to : tracy and steve schultz ; tom and lyne martin ; sara and mark hanson ; phil and isabel o ' brien ; jack and bonnie babcock ; elaine morelock ; alan carlock
subject : fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ]
this is just an amazing piece of art work by a school aged child .
- - - - - original message - - - - -
from : denise kelly [ mailto : dkelly @ us . hynix . com ]
sent : thursday , september 20 , 2001 2 : 44 pm
to : carl kelley ( e - mail ) ; carol moree ( e - mail ) ; mark michelle knapp ( e - mail ) ; nanette woosley ( e - mail ) ; rhonda wood
( e - mail ) ; tina carter ( e - mail ) ; tish sweeney ( e - mail )
subject : fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ]
- - - - - original message - - - - -
from : becky dunn
sent : thursday , september 20 , 2001 12 : 25 pm
to : cindy missana ( e - mail ) ; christine reyner ( e - mail ) ; tina braska ;
denise kelly ; sandy reza ( e - mail )
subject : fw : [ fwd : fw : drawing by a school age child in pa ( fwd ) ]
- healing . gif | 2001-09-21T00:00:00 |
1,671 | cleburne cleburne should be it ' s own desk . rick hill should be set up as trader / head
of desk . let me know if you have more questions .
dave | 0 | ham | cleburne | cleburne should be it ' s own desk . rick hill should be set up as trader / head
of desk . let me know if you have more questions .
dave | 2000-09-25T00:00:00 |
21,442 | very wild no fee hi paliourg ,
special one time promotion .
no charge membership site for life ! use credit card for age
verification purposes only ! then you are in .
their hopes are they get you in then you like it so much you want to
upgrade to buy another product . it ' s up to you ! your choice .
no more ?
all she gave dane defensive hector contemporary .
even though he insolvable cry jacksonville everthything
all she gave pliny ramo debutante .
even though he faust somatic anabaptist things that bate instable perspective .
paliourg @ iit . demokritos . gr . | 1 | spam | very wild no fee | hi paliourg ,
special one time promotion .
no charge membership site for life ! use credit card for age
verification purposes only ! then you are in .
their hopes are they get you in then you like it so much you want to
upgrade to buy another product . it ' s up to you ! your choice .
no more ?
all she gave dane defensive hector contemporary .
even though he insolvable cry jacksonville everthything
all she gave pliny ramo debutante .
even though he faust somatic anabaptist things that bate instable perspective .
paliourg @ iit . demokritos . gr .
| 2005-03-04T00:00:00 |
15,764 | are shares of this issue poised for a run ? investor alert - l r c j - brand new stock for your attention
lauraan corporation - stock symbo | : l r c j
breaking news reieased by the company on friday after the close - watch
out the stock go crazy on monday morning 24 th of january .
current price : $ o . 12
current price : $ 0 . 12
projected speculative price in next 5 days : $ o . 42
projected speculative price in next 15 days : $ o . 6 o
lauraan corporation ( lauraan ) is a premier provider of home
entertainment and home automation products and services to the new home market .
the company sells primarily through homebuiiders to homebuyers who are
building homes in the $ 3 ook , and up range .
lauraan is an early stage company in the process of developing its
business , nationwide , through acquisitions of existing home technology
companies in select markets throughout the country . the company has an
experienced management team that has years of experience in the home
technology industry .
current price : $ o . 12
current status
lauraan has compieted its first acquisition , syslync of georgia
( georgia ) . the company pians to acquire 3 more | ocations in the next 4 months
( lois are negotiated and ready to be announced . ) georgia currentiy has
annuaiized revenues of $ 5 ook and is expected to doubie its monthly
revenue in the next 6 months . the three next acquisitions will add an
additional $ 2 . 5 mi | | ion in revenue .
long - term strategy
the company pians to raise funds to make acquisitions throughout
strategic new home markets and create a national brand with revenues of
$ 5 o - 75 mi | | ion by 2 oo 7 . lauraan will be recognized for its quaiity of
service , vaiue provided , and the simplicity of its solutions .
breaking news : lauraan corporation announces new servicing and builder
agreements
grapevine , texas , jan 14 , 2005 / prnewswire - firstca | | via comtex / - -
lauraan corporation ( l r c j ) ( " lauraan " ) , a provider of home
entertainment and automation products for the new home market , announced today that
their wholiy - owned subsidiary , sysiync of georgia , ( syslync ) has
compieted an exciusive agreement with certicom , inc . a nationa | provider of
home and commercia | security systems , to service their residentia |
accounts in the atlanta area . in addition , sysiync has been named the soie
instailer for new instaliations of residential aiarms for certicom and
will be their provider of other home technology products too .
sysiync also announced today that they were seiected as the preferred
provider of home technology products and services for atianta - based lou
freeman properties , inc . , a developer and builder of custom homes in
the $ 2 oo , ooo to $ 1 , ooo , ooo plus , range .
" these two agreements wi | | more than doubie the homes we touch
throughout the atlanta area , " stated david watson , general manager of sysiync ,
" and the agreements wil | provide syslync with steady , recurring revenue
streams important to our profitabiiity . "
lauraan is a home entertainment and technoiogy solutions provider that
offers builders and homeowners a single source for their audio / video ,
home theater , security , computer and home automation needs . through its
company - owned stores , lauraan subsidiaries work directiy with buiiders
and home 0 wners , to design and instal | home technology soiutions that f
i t the homeowner ' s lifestyie and budget .
safe harbor act disc | @ imer : this press release contains forward - looking
statements within the meaning of section 27 a of the securities act of
1933 , as amended , and section 21 e of the securities exchange act of
1934 , as amended ( the " exchange act " ) , and as such , may involve risks and
uncertainties . forward - looking statements , which are based on certain
assumptions and describe future plans , strategies , and expectations , are
generaliy identifiabie by the use of words such as " believe , " " expect , "
" intend " " anticipate , " " estimate , " " project , " or similar expressions .
these forward - looking statements relate to , among other things ,
expectations of the business environment in which the company operates ,
projections of future performance , potentia | future performance , perceived
opportunities in the market , and statements regarding the company ' s
mission and vision . the company ' s actual results , performance , and
achievements may differ materiaily from the results , performance , and
achievements expressed or impiied in such forward - looking statements due to a
wide range of factors which are set forth in our annual report on form lo - ksb on fiie with the sec .
read this legal notes before you do anything else :
information within this emai | contains " forward looking statements "
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or invoive discussions with respect to predictions , goais ,
expectations , beiiefs , plans , projections , objectives , assumptions or future
events or performance are not statements of historical fact and may be
" forward | ooking statements . " forward | ooking statements are based on
expectations , estimates and projections at the time the statements are made
that involve a number of risks and uncertainties which couid cause
actua | results or events to differ materially from those presentiy
anticipated . forward looking statements in this action may be identified
through the use of words such as : " projects " , " foresee " , " expects " ,
" estimates , " " beiieves , " " understands " " wil | , " " part of : " anticipates , " or that
by statements indicating certain actions " may , " " couid , " or " might "
occur . ail information provided within this email pertaining to investing ,
stocks , securities must be understood as information provided and not
investment advice . emerging equity alert advises a | | readers and
subscribers to seek advice from a registered professiona | securities
representative before deciding to trade in stocks featured within this email .
none of the material within this report sha | | be construed as any kind of
investment advice . please have in mind that the interpretation of the
witer of this newsletter about the news published by the company does
not represent the company officia | statement and in fact may differ from
the real meaning of what the news reiease meant to say . look the news
release by yourself and judge by yourseif about the detaiis in it .
in compiiance with section 17 ( b ) , we disclose the holding of l r c j
shares prior to the publication of this report . be aware of an inherent
conflict of interest resulting from such hoidings due to our intent to
profit from the | iquidation of these shares . shares may be sold at any
time , even after positive statements have been made regarding the above
company . since we own shares , there is an inherent conflict of interest
in our statements and opinions . readers of this publication are
cautioned not to place undue reiiance on forward - looking statements , which are
based on certain assumptions and expectations invoiving various risks
and uncertainties , that couid cause results to differ materia | | y from
those set forth in the forward - | ooking statements .
piease be advised that nothing within this emai | shal | constitute a
solicitation or an invitation to get position in or sell any security
mentioned herein . this newsietter is neither a registered investment
advisor nor affiiiated with any broker or dealer . this newsletter was paid
$ 19560 from third party to send this report . al | statements made are our
express opinion oniy and should be treated as such . we may own , take
position and sel | any securities mentioned at any time . this report
inciudes forward - looking statements within the meaning of the private
securities litigation reform act of 1995 . these statements may inciude terms
as " expect " , " beiieve " , " may " , " wi | | " , " move " , " undervalued " and
" intend " or similar terms .
if you wish to stop future mailings , or if you fee | you have been
wrongfu | | y placed in our | i s t , piease gohere
( - stockmailer 2005 @ yahoo . com - ) | 1 | spam | are shares of this issue poised for a run ? | investor alert - l r c j - brand new stock for your attention
lauraan corporation - stock symbo | : l r c j
breaking news reieased by the company on friday after the close - watch
out the stock go crazy on monday morning 24 th of january .
current price : $ o . 12
current price : $ 0 . 12
projected speculative price in next 5 days : $ o . 42
projected speculative price in next 15 days : $ o . 6 o
lauraan corporation ( lauraan ) is a premier provider of home
entertainment and home automation products and services to the new home market .
the company sells primarily through homebuiiders to homebuyers who are
building homes in the $ 3 ook , and up range .
lauraan is an early stage company in the process of developing its
business , nationwide , through acquisitions of existing home technology
companies in select markets throughout the country . the company has an
experienced management team that has years of experience in the home
technology industry .
current price : $ o . 12
current status
lauraan has compieted its first acquisition , syslync of georgia
( georgia ) . the company pians to acquire 3 more | ocations in the next 4 months
( lois are negotiated and ready to be announced . ) georgia currentiy has
annuaiized revenues of $ 5 ook and is expected to doubie its monthly
revenue in the next 6 months . the three next acquisitions will add an
additional $ 2 . 5 mi | | ion in revenue .
long - term strategy
the company pians to raise funds to make acquisitions throughout
strategic new home markets and create a national brand with revenues of
$ 5 o - 75 mi | | ion by 2 oo 7 . lauraan will be recognized for its quaiity of
service , vaiue provided , and the simplicity of its solutions .
breaking news : lauraan corporation announces new servicing and builder
agreements
grapevine , texas , jan 14 , 2005 / prnewswire - firstca | | via comtex / - -
lauraan corporation ( l r c j ) ( " lauraan " ) , a provider of home
entertainment and automation products for the new home market , announced today that
their wholiy - owned subsidiary , sysiync of georgia , ( syslync ) has
compieted an exciusive agreement with certicom , inc . a nationa | provider of
home and commercia | security systems , to service their residentia |
accounts in the atlanta area . in addition , sysiync has been named the soie
instailer for new instaliations of residential aiarms for certicom and
will be their provider of other home technology products too .
sysiync also announced today that they were seiected as the preferred
provider of home technology products and services for atianta - based lou
freeman properties , inc . , a developer and builder of custom homes in
the $ 2 oo , ooo to $ 1 , ooo , ooo plus , range .
" these two agreements wi | | more than doubie the homes we touch
throughout the atlanta area , " stated david watson , general manager of sysiync ,
" and the agreements wil | provide syslync with steady , recurring revenue
streams important to our profitabiiity . "
lauraan is a home entertainment and technoiogy solutions provider that
offers builders and homeowners a single source for their audio / video ,
home theater , security , computer and home automation needs . through its
company - owned stores , lauraan subsidiaries work directiy with buiiders
and home 0 wners , to design and instal | home technology soiutions that f
i t the homeowner ' s lifestyie and budget .
safe harbor act disc | @ imer : this press release contains forward - looking
statements within the meaning of section 27 a of the securities act of
1933 , as amended , and section 21 e of the securities exchange act of
1934 , as amended ( the " exchange act " ) , and as such , may involve risks and
uncertainties . forward - looking statements , which are based on certain
assumptions and describe future plans , strategies , and expectations , are
generaliy identifiabie by the use of words such as " believe , " " expect , "
" intend " " anticipate , " " estimate , " " project , " or similar expressions .
these forward - looking statements relate to , among other things ,
expectations of the business environment in which the company operates ,
projections of future performance , potentia | future performance , perceived
opportunities in the market , and statements regarding the company ' s
mission and vision . the company ' s actual results , performance , and
achievements may differ materiaily from the results , performance , and
achievements expressed or impiied in such forward - looking statements due to a
wide range of factors which are set forth in our annual report on form lo - ksb on fiie with the sec .
read this legal notes before you do anything else :
information within this emai | contains " forward looking statements "
within the meaning of section 27 a of the securities act of 1933 and
section 21 b of the securities exchange act of 1934 . any statements that
express or invoive discussions with respect to predictions , goais ,
expectations , beiiefs , plans , projections , objectives , assumptions or future
events or performance are not statements of historical fact and may be
" forward | ooking statements . " forward | ooking statements are based on
expectations , estimates and projections at the time the statements are made
that involve a number of risks and uncertainties which couid cause
actua | results or events to differ materially from those presentiy
anticipated . forward looking statements in this action may be identified
through the use of words such as : " projects " , " foresee " , " expects " ,
" estimates , " " beiieves , " " understands " " wil | , " " part of : " anticipates , " or that
by statements indicating certain actions " may , " " couid , " or " might "
occur . ail information provided within this email pertaining to investing ,
stocks , securities must be understood as information provided and not
investment advice . emerging equity alert advises a | | readers and
subscribers to seek advice from a registered professiona | securities
representative before deciding to trade in stocks featured within this email .
none of the material within this report sha | | be construed as any kind of
investment advice . please have in mind that the interpretation of the
witer of this newsletter about the news published by the company does
not represent the company officia | statement and in fact may differ from
the real meaning of what the news reiease meant to say . look the news
release by yourself and judge by yourseif about the detaiis in it .
in compiiance with section 17 ( b ) , we disclose the holding of l r c j
shares prior to the publication of this report . be aware of an inherent
conflict of interest resulting from such hoidings due to our intent to
profit from the | iquidation of these shares . shares may be sold at any
time , even after positive statements have been made regarding the above
company . since we own shares , there is an inherent conflict of interest
in our statements and opinions . readers of this publication are
cautioned not to place undue reiiance on forward - looking statements , which are
based on certain assumptions and expectations invoiving various risks
and uncertainties , that couid cause results to differ materia | | y from
those set forth in the forward - | ooking statements .
piease be advised that nothing within this emai | shal | constitute a
solicitation or an invitation to get position in or sell any security
mentioned herein . this newsietter is neither a registered investment
advisor nor affiiiated with any broker or dealer . this newsletter was paid
$ 19560 from third party to send this report . al | statements made are our
express opinion oniy and should be treated as such . we may own , take
position and sel | any securities mentioned at any time . this report
inciudes forward - looking statements within the meaning of the private
securities litigation reform act of 1995 . these statements may inciude terms
as " expect " , " beiieve " , " may " , " wi | | " , " move " , " undervalued " and
" intend " or similar terms .
if you wish to stop future mailings , or if you fee | you have been
wrongfu | | y placed in our | i s t , piease gohere
( - stockmailer 2005 @ yahoo . com - ) | 2005-01-23T00:00:00 |
8,219 | spring 2001 academic calendar for the jones graduate school spring 2001 faculty and students ,
the spring 2001 academic calendar for the jones graduate school has been
posted to embanet . to access the academic calendar please open the jgsm
area icon on the embanet desktop . next please open the announcement jgsm
icon . you will find the spring 2001 academic calendar located under the
subject column . please open the document . if you do not have access to
embanet you will need to speak with david kilgore at kilgore @ rice . edu or by
calling david at 713 - 348 - 5378 .
thanks ,
kathy
kathy m . spradling
mba program coordinator
jesse h . jones graduate school of management
rice university
6100 main street , ms 531
houston , texas 77005 - 1892
phone : ( 713 ) 348 - 3313
fax : ( 713 ) 348 - 5251
email : spradlin @ rice . edu
http : / / www . rice . edu / jgs
e - mail : spradlin @ rice . edu
http : / / www . ruf . rice . edu / ~ jgs / | 0 | ham | spring 2001 academic calendar for the jones graduate school | spring 2001 faculty and students ,
the spring 2001 academic calendar for the jones graduate school has been
posted to embanet . to access the academic calendar please open the jgsm
area icon on the embanet desktop . next please open the announcement jgsm
icon . you will find the spring 2001 academic calendar located under the
subject column . please open the document . if you do not have access to
embanet you will need to speak with david kilgore at kilgore @ rice . edu or by
calling david at 713 - 348 - 5378 .
thanks ,
kathy
kathy m . spradling
mba program coordinator
jesse h . jones graduate school of management
rice university
6100 main street , ms 531
houston , texas 77005 - 1892
phone : ( 713 ) 348 - 3313
fax : ( 713 ) 348 - 5251
email : spradlin @ rice . edu
http : / / www . rice . edu / jgs
e - mail : spradlin @ rice . edu
http : / / www . ruf . rice . edu / ~ jgs / | 2001-01-16T00:00:00 |
14,893 | couple of things is it okay if i get jesse ( our clerk ) to pack your files ? i want to confirm what you wanted packed . all files except your eol files . does this mean all binders in bookcases as well in your cabinets ?
is it okay to tell people that are calling for you that you are in london ? i told pat o ' donnell you were in london but reachable .
also , do you want someone to sit in for me while i ' m out ? i talked to liz and she thought she would be fine but i wanted to check with you .
tammie schoppe
enron americas - office of the chair
assistant to louise kitchen
713 . 853 . 4220 office
713 . 646 . 8562 fax
713 . 253 . 2131 mobile | 0 | ham | couple of things | is it okay if i get jesse ( our clerk ) to pack your files ? i want to confirm what you wanted packed . all files except your eol files . does this mean all binders in bookcases as well in your cabinets ?
is it okay to tell people that are calling for you that you are in london ? i told pat o ' donnell you were in london but reachable .
also , do you want someone to sit in for me while i ' m out ? i talked to liz and she thought she would be fine but i wanted to check with you .
tammie schoppe
enron americas - office of the chair
assistant to louise kitchen
713 . 853 . 4220 office
713 . 646 . 8562 fax
713 . 253 . 2131 mobile | 2002-01-28T00:00:00 |
22,792 | class confirmation - james scribner james scribner is enrolled in basics of risk management
class days and times :
5 / 23 / 2000 08 : 00 : 00 am - 05 : 00 : 00 pm
5 / 24 / 2000 08 : 00 : 00 am - 12 : 00 : 00 pm
participant fee : $ 600 . 00
thank you for your support in providing quality and cost effective
development opportunites at enron .
your company and rc will be charged $ 600 . 00
if you have any questions , please call the development center team at
713 - 853 - 0357 .
thank you . | 0 | ham | class confirmation - james scribner | james scribner is enrolled in basics of risk management
class days and times :
5 / 23 / 2000 08 : 00 : 00 am - 05 : 00 : 00 pm
5 / 24 / 2000 08 : 00 : 00 am - 12 : 00 : 00 pm
participant fee : $ 600 . 00
thank you for your support in providing quality and cost effective
development opportunites at enron .
your company and rc will be charged $ 600 . 00
if you have any questions , please call the development center team at
713 - 853 - 0357 .
thank you . | 2000-04-27T00:00:00 |
6,583 | london research group john ,
i am writing to you regarding the management of the london research group .
as you know , dale surbey , who was managing the london unit of the research
group ,
is moving to ebs . dale did a terrific job helping me to develop the pool of
talent we have currently
in london .
given that dale is likely to be transfered to houston , it ' s time
to nominate one member of the research group for a management position .
my recommendation is steve leppard . steve emerged not only as the most
technically qualified member of the group but also as a natural leader ,
highly
respected by his peers and internal customers . steve has a very high energy
level
and is very efficient as a manager and as coach of new talent .
his promotion is likely to cause anjam ' s departure form enron . i value
technical
skills of anjam , but in spite of my loyalty to him , don ' t think he is the
same caliber
as steve . however , i would not like to lose him and think about moving him to
houston
for 2 years . i think that the opportunity to work in houston , would be a
sufficient
incentive to keep him in enron . by the way , his performance feedback has
greatly improved .
please , let me know what you think .
vince | 0 | ham | london research group | john ,
i am writing to you regarding the management of the london research group .
as you know , dale surbey , who was managing the london unit of the research
group ,
is moving to ebs . dale did a terrific job helping me to develop the pool of
talent we have currently
in london .
given that dale is likely to be transfered to houston , it ' s time
to nominate one member of the research group for a management position .
my recommendation is steve leppard . steve emerged not only as the most
technically qualified member of the group but also as a natural leader ,
highly
respected by his peers and internal customers . steve has a very high energy
level
and is very efficient as a manager and as coach of new talent .
his promotion is likely to cause anjam ' s departure form enron . i value
technical
skills of anjam , but in spite of my loyalty to him , don ' t think he is the
same caliber
as steve . however , i would not like to lose him and think about moving him to
houston
for 2 years . i think that the opportunity to work in houston , would be a
sufficient
incentive to keep him in enron . by the way , his performance feedback has
greatly improved .
please , let me know what you think .
vince | 2000-07-26T00:00:00 |
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take a step into the future and join the millions of people already using rx meds online . best - prices in meds - most of our products priced 30 percent less than normal . no prior rx required - shipped - direct to your door .
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| 2004-12-19T00:00:00 |
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order here . . .
| 2005-07-03T00:00:00 |
1,327 | re : resolved issue : re : meter # 0986563 - robert ,
hplc entered into a gas purchase agreement with the bjd - ess corporation
( global # 96036946 ) effective 4 / 1 / 2000 thru 3 / 31 / 2002 . the meter produced an
average of 19 mmbtu / d for the month of april , 2000 . a deal ticket should be
created and entered into sitara based upon the following information :
counterparty meter volume price period
bjd - ess corporation 6563 19 mmbtu / d 85 % if / hsc 4 / 2 / 00 - 4 / 30 / 00
give me a call if there are any questions or concerns .
thanks ,
vlt
x 3 - 6353
mary poorman @ enron
08 / 02 / 2000 09 : 34 am
to : daren j farmer / hou / ect @ ect
cc : robert cotten / hou / ect @ ect , vance l taylor / hou / ect @ ect , anita
luong / hou / ect @ ect , stephanie gomes / hou / ect @ ect , pat clynes / corp / enron @ enron
subject : resolved issue : re : meter # 0986563 -
fyi -
it apppears that any deliveries made during the time frame from 12 / 99 -
04 / 02 / 00 , were made without any contractual arrangements for purchase .
therefore , vance explained to me that the volume of 1 , 517 dth for the period
should have been allocated to the strangers agreement , just as it was . any
deliveries were unauthorized ( udog ) and the gas then belongs to hpl . please
give vance a call if you have any further questions regarding this issue .
thank you all for your patience and assistance . i appreciate it !
mary jane | 0 | ham | re : resolved issue : re : meter # 0986563 - | robert ,
hplc entered into a gas purchase agreement with the bjd - ess corporation
( global # 96036946 ) effective 4 / 1 / 2000 thru 3 / 31 / 2002 . the meter produced an
average of 19 mmbtu / d for the month of april , 2000 . a deal ticket should be
created and entered into sitara based upon the following information :
counterparty meter volume price period
bjd - ess corporation 6563 19 mmbtu / d 85 % if / hsc 4 / 2 / 00 - 4 / 30 / 00
give me a call if there are any questions or concerns .
thanks ,
vlt
x 3 - 6353
mary poorman @ enron
08 / 02 / 2000 09 : 34 am
to : daren j farmer / hou / ect @ ect
cc : robert cotten / hou / ect @ ect , vance l taylor / hou / ect @ ect , anita
luong / hou / ect @ ect , stephanie gomes / hou / ect @ ect , pat clynes / corp / enron @ enron
subject : resolved issue : re : meter # 0986563 -
fyi -
it apppears that any deliveries made during the time frame from 12 / 99 -
04 / 02 / 00 , were made without any contractual arrangements for purchase .
therefore , vance explained to me that the volume of 1 , 517 dth for the period
should have been allocated to the strangers agreement , just as it was . any
deliveries were unauthorized ( udog ) and the gas then belongs to hpl . please
give vance a call if you have any further questions regarding this issue .
thank you all for your patience and assistance . i appreciate it !
mary jane | 2000-08-02T00:00:00 |
3,867 | 2
x - message - info :
s 63 h 5 ja 567 vssd 2 p 26 n 61 wl 67 hzvlnqxjn
received : from mimbdzl 7 . hinet . net ( [ 188 . 104 . 212 . 29 ] ) by
b 255 - jyx . hinet . net with
microsoft smtpsvc ( 5 . 0 . 2195 . 6824 ) ;
tue , 23 mar 2004 00 : 38 : 43 - 0100
received : from characteristicwzo 9 ( damsel [ 94 . 236 . 64 . 48 ] )
by hinet . net ( dr 937 ) with smtp
id 619255 c 738 ox
( authid : mitchelforeman ) ;
mon , 22 mar 2004 23 : 37 : 43 - 0200
from : corine browning xlvjagegpeudkw @ wanadoo . fr
to : ' paliourg ' paliourg @ iit . demokritos . gr
2
subject : [ spam ? ] fwd : doctors not needed . secure shopping . vcodln . v | @ gra . xan @ x . valii | um . twjticwy
date : mon , 22 mar 2004 19 : 39 : 43 - 0600
message - id :
mime - version : 1 . 0
content - type : multipart / alternative ;
boundary = - - 2080774744588021497
- - - - 2080774744588021497
content - type : text / html ;
content - transfer - encoding : quoted - printable
! doctype html public - / / w 3 c / / dtd html 4 . 01 transitional / / en http : / / www =
. w 3 . org / tr / html 4 / loose . dtd
html
head
titleall the medications you will ever need / title
/ head
body
a href = 3 dhttp : / / www . populardrugs . bizimg src = 3 dhttp : / / www . populardrug =
s . biz / viz / 4 . gif border = 3 do / a
/ body
/ html
- - - - - - | 1 | spam | 2
x - message - info :
s 63 h 5 ja 567 vssd 2 p 26 n 61 wl 67 hzvlnqxjn
received : from mimbdzl 7 . hinet . net ( [ 188 . 104 . 212 . 29 ] ) by
b 255 - jyx . hinet . net with
microsoft smtpsvc ( 5 . 0 . 2195 . 6824 ) ;
tue , 23 mar 2004 00 : 38 : 43 - 0100
received : from characteristicwzo 9 ( damsel [ 94 . 236 . 64 . 48 ] )
by hinet . net ( dr 937 ) with smtp
id 619255 c 738 ox
( authid : mitchelforeman ) ;
mon , 22 mar 2004 23 : 37 : 43 - 0200
from : corine browning xlvjagegpeudkw @ wanadoo . fr
to : ' paliourg ' paliourg @ iit . demokritos . gr
2
subject : [ spam ? ] fwd : doctors not needed . secure shopping . vcodln . v | @ gra . xan @ x . valii | um . twjticwy
date : mon , 22 mar 2004 19 : 39 : 43 - 0600
message - id :
mime - version : 1 . 0
content - type : multipart / alternative ;
boundary = - - 2080774744588021497
- - - - 2080774744588021497
content - type : text / html ;
content - transfer - encoding : quoted - printable
! doctype html public - / / w 3 c / / dtd html 4 . 01 transitional / / en http : / / www =
. w 3 . org / tr / html 4 / loose . dtd
html
head
titleall the medications you will ever need / title
/ head
body
a href = 3 dhttp : / / www . populardrugs . bizimg src = 3 dhttp : / / www . populardrug =
s . biz / viz / 4 . gif border = 3 do / a
/ body
/ html
- - - - - -
| 2004-03-23T00:00:00 |
|
9,109 | re : test vince :
candice ' s contact information at mount holyoke is as follows :
phone : ( 413 ) 493 - 5092
email : cgkao @ mtholyoke . edu
address : 1453 blanchard campus center
mount holyoke college
south hadley , ma 01075 - 6002
ed
ps : i hope ron singer has given you the needed info . please feel free to
contact me if i can be of any help with regard to your colleague ' s inquiry
about pursuing doctoral study at uh . | 0 | ham | re : test | vince :
candice ' s contact information at mount holyoke is as follows :
phone : ( 413 ) 493 - 5092
email : cgkao @ mtholyoke . edu
address : 1453 blanchard campus center
mount holyoke college
south hadley , ma 01075 - 6002
ed
ps : i hope ron singer has given you the needed info . please feel free to
contact me if i can be of any help with regard to your colleague ' s inquiry
about pursuing doctoral study at uh . | 2001-04-18T00:00:00 |
8,945 | day off tuesday stinson ,
i would like to take a day off tomorrow ( tuesday , april 10 ) .
i need to register my son to elementary school and send my cars to service .
my cell number is 713 - 858 - 2577 in case you need to reach me .
zimin | 0 | ham | day off tuesday | stinson ,
i would like to take a day off tomorrow ( tuesday , april 10 ) .
i need to register my son to elementary school and send my cars to service .
my cell number is 713 - 858 - 2577 in case you need to reach me .
zimin | 2001-04-09T00:00:00 |
8,227 | re : petronas benchmarking visit khairuddin ,
thanks for your message . the fax has been sent .
vince
khairuddinbmjaafar @ petronas . com . my on 01 / 17 / 2001 01 : 50 : 36 am
please respond to khairuddin _ mjaafar @ petronas . com . my
to : vkamins @ ect . enron . com
cc : azminab @ petronas . com . my
subject : petronas benchmarking visit
dear mr . kaminski ,
pertaining to our visit to your kind company in february , we are required
to obtain visas for the trip . to apply for the visas , the embassy requires
a letter from the us company confirming our meeting or visit . we would
really be grateful if you can fax us a confirmation letter so that we can
proceed with our visa application . please fax the letter to :
mr . nur azmin abu bakar
head , risk assessment and control
corporate risk management unit ,
corporate planning and development division
level 71 , tower 1 , petronas twin towers ,
kuala lumpur city centre ,
50088 kuala lumpur ,
malaysia
fax : ( 603 ) 2051 - 3252
your speedy reply is greatly appreciated .
thank you and regards ,
khairuddin .
disclaimer : this e - mail and any files transmitted with it ( " message " )
is intended only for the use of the recipient ( s ) named above and may
contain confidential information . you are hereby notified that the
taking of any action in reliance upon , or any review , retransmission ,
dissemination , distribution , printing or copying of this message or any
part thereof by anyone other than the intended recipient ( s ) is strictly
prohibited . if you have received this message in error , you should
delete this message immediately and advise the sender by return e - mail .
opinions , conclusions and other information in this message that do not
relate to the official business of petronas or its group of companies
shall be understood as neither given nor endorsed by petronas or any of
the companies within the group .
( embedded image moved to file : pico 5415 . pcx )
- pico 5415 . pcx | 0 | ham | re : petronas benchmarking visit | khairuddin ,
thanks for your message . the fax has been sent .
vince
khairuddinbmjaafar @ petronas . com . my on 01 / 17 / 2001 01 : 50 : 36 am
please respond to khairuddin _ mjaafar @ petronas . com . my
to : vkamins @ ect . enron . com
cc : azminab @ petronas . com . my
subject : petronas benchmarking visit
dear mr . kaminski ,
pertaining to our visit to your kind company in february , we are required
to obtain visas for the trip . to apply for the visas , the embassy requires
a letter from the us company confirming our meeting or visit . we would
really be grateful if you can fax us a confirmation letter so that we can
proceed with our visa application . please fax the letter to :
mr . nur azmin abu bakar
head , risk assessment and control
corporate risk management unit ,
corporate planning and development division
level 71 , tower 1 , petronas twin towers ,
kuala lumpur city centre ,
50088 kuala lumpur ,
malaysia
fax : ( 603 ) 2051 - 3252
your speedy reply is greatly appreciated .
thank you and regards ,
khairuddin .
disclaimer : this e - mail and any files transmitted with it ( " message " )
is intended only for the use of the recipient ( s ) named above and may
contain confidential information . you are hereby notified that the
taking of any action in reliance upon , or any review , retransmission ,
dissemination , distribution , printing or copying of this message or any
part thereof by anyone other than the intended recipient ( s ) is strictly
prohibited . if you have received this message in error , you should
delete this message immediately and advise the sender by return e - mail .
opinions , conclusions and other information in this message that do not
relate to the official business of petronas or its group of companies
shall be understood as neither given nor endorsed by petronas or any of
the companies within the group .
( embedded image moved to file : pico 5415 . pcx )
- pico 5415 . pcx | 2001-01-17T00:00:00 |
14,184 | stay in touch louise ,
stay in touch . i expect i ' ll be out of here pretty soon .
our contact details just in case you don ' t have them are :
beech coppice
woodland way
kingswood
tadworth
surrey
kt 20 6 nw
tel + 44 ( 0 ) 1737 830513
fax + 44 ( 0 ) 1737 830581
e - mail : matthew . scrimshaw @ btinternet . com
hope you all get back ok .
matthew | 0 | ham | stay in touch | louise ,
stay in touch . i expect i ' ll be out of here pretty soon .
our contact details just in case you don ' t have them are :
beech coppice
woodland way
kingswood
tadworth
surrey
kt 20 6 nw
tel + 44 ( 0 ) 1737 830513
fax + 44 ( 0 ) 1737 830581
e - mail : matthew . scrimshaw @ btinternet . com
hope you all get back ok .
matthew | 2001-11-29T00:00:00 |
8,747 | sokolov eis expenses hi kevin :
i was out of the office on thursday and friday . i have discussed this with
vince kaminski and he says the charges are correct . jason sokolov
reports to tanya tamarchenko in the research group and all of their
costs are charged to rac .
if you need further verification , please contact vince kaminski at 3 - 3848 .
thanks !
shirley crenshaw
administrative coordinator
enron research group
3 - 5290
- - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 03 / 19 / 2001
07 : 45 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
anita dupont @ enron
03 / 15 / 2001 05 : 20 pm
to : shirley crenshaw / hou / ect @ ect
cc : vince j kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect
subject : sokolov eis expenses
- - - - - - - - - - - - - - - - - - - - - - forwarded by anita dupont / na / enron on 03 / 15 / 2001 05 : 14
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : kevin jolly / enron @ enronxgate on 03 / 14 / 2001 01 : 38 pm
to : anita dupont / na / enron @ enron
cc :
subject : sokolov eis expenses
anita , the other day i called you to get jason sokolov ' s cost center . some
of his eis expenses ( market data , long distance ) for jan and feb 2001 were
charged to the enron corp . rac cost center . in order for our accountants to
reclass the expenses , we need your approval that the expenses can be moved .
if this is okay , just reply back and let me know .
see the attached files for the detail of the expenses to be moved for jan and
feb .
thanks for your help ,
kevin | 0 | ham | sokolov eis expenses | hi kevin :
i was out of the office on thursday and friday . i have discussed this with
vince kaminski and he says the charges are correct . jason sokolov
reports to tanya tamarchenko in the research group and all of their
costs are charged to rac .
if you need further verification , please contact vince kaminski at 3 - 3848 .
thanks !
shirley crenshaw
administrative coordinator
enron research group
3 - 5290
- - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 03 / 19 / 2001
07 : 45 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
anita dupont @ enron
03 / 15 / 2001 05 : 20 pm
to : shirley crenshaw / hou / ect @ ect
cc : vince j kaminski / hou / ect @ ect , vasant shanbhogue / hou / ect @ ect
subject : sokolov eis expenses
- - - - - - - - - - - - - - - - - - - - - - forwarded by anita dupont / na / enron on 03 / 15 / 2001 05 : 14
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : kevin jolly / enron @ enronxgate on 03 / 14 / 2001 01 : 38 pm
to : anita dupont / na / enron @ enron
cc :
subject : sokolov eis expenses
anita , the other day i called you to get jason sokolov ' s cost center . some
of his eis expenses ( market data , long distance ) for jan and feb 2001 were
charged to the enron corp . rac cost center . in order for our accountants to
reclass the expenses , we need your approval that the expenses can be moved .
if this is okay , just reply back and let me know .
see the attached files for the detail of the expenses to be moved for jan and
feb .
thanks for your help ,
kevin | 2001-03-18T00:00:00 |
23,502 | re : jordan ' s comments on doorstep meeting from ted . . .
- - - - - - - - - - - - - - - - - - - - - - forwarded by cassandra schultz / na / enron on 11 / 09 / 2000
02 : 47 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : ted murphy @ ect
11 / 09 / 2000 05 : 52 am
to : cassandra schultz / na / enron @ enron
cc :
subject : re : doorstep meeting
cassandra ,
i think michael ' s issue is just one for you and shona to worry about and try
to simultaneously come up with a way to diffuse without bastardizing the
process . . i continue to say the we need to maintain the theme that speed
and " gut reaction " is preferable to consensus and prosecutable evidence , i
feel so strongly about this that i would consider removing my team from
involvement if politically correct , grammatically sound and properly
researched reports that do not say anything or are stale or are full of
ambiguity are the end result ( see the internal audit report on
! ! ! ) . i think the solution is make it clear that these reports are not to
be used for prosecution but frank discussion .
i am right about this .
please forward this to shona / sally / mike or anyone else at your discretion
( this is a compromise between evil ted and zen ted )
ted | 0 | ham | re : jordan ' s comments on doorstep meeting | from ted . . .
- - - - - - - - - - - - - - - - - - - - - - forwarded by cassandra schultz / na / enron on 11 / 09 / 2000
02 : 47 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : ted murphy @ ect
11 / 09 / 2000 05 : 52 am
to : cassandra schultz / na / enron @ enron
cc :
subject : re : doorstep meeting
cassandra ,
i think michael ' s issue is just one for you and shona to worry about and try
to simultaneously come up with a way to diffuse without bastardizing the
process . . i continue to say the we need to maintain the theme that speed
and " gut reaction " is preferable to consensus and prosecutable evidence , i
feel so strongly about this that i would consider removing my team from
involvement if politically correct , grammatically sound and properly
researched reports that do not say anything or are stale or are full of
ambiguity are the end result ( see the internal audit report on
! ! ! ) . i think the solution is make it clear that these reports are not to
be used for prosecution but frank discussion .
i am right about this .
please forward this to shona / sally / mike or anyone else at your discretion
( this is a compromise between evil ted and zen ted )
ted | 2000-11-09T00:00:00 |
6,235 | the installation of the equipment you ordered is completed - - - automatic notification system ( request # : ebut - 4 kpqew )
requested for : vince j kaminski
requested by : kevin g . moore
the installation of the equipment ( see below ) has been completed .
18 in tft 8020 flatpanel opal | 0 | ham | the installation of the equipment you ordered is completed | - - - automatic notification system ( request # : ebut - 4 kpqew )
requested for : vince j kaminski
requested by : kevin g . moore
the installation of the equipment ( see below ) has been completed .
18 in tft 8020 flatpanel opal | 2000-06-07T00:00:00 |
4,117 | cia . lis available for next 100 customers hi again ,
we now have over 99 meds available online now !
we are having specials on xanax , vlagra , soma , amblen and vallum
free clalls with every order
more lnfo here | 1 | spam | cia . lis available for next 100 customers | hi again ,
we now have over 99 meds available online now !
we are having specials on xanax , vlagra , soma , amblen and vallum
free clalls with every order
more lnfo here
| 2004-07-15T00:00:00 |
27,770 | the dot is here . it ' s six months into the new millennium . where do you get your company
news ? enron , cited as the most innovative company in america for five years
in a row , prints a newsletter every two months . we could reorganize entire
business units between issues . twice .
don ' t worry . our printed newsletter isn ' t going anywhere ; it ' s still the
best way to bring you detailed accounts of enron ' s long - term business
direction and achievements .
let ' s just say that print has a new friend . and - - you guessed it - - that
friend is the dot . as in " dot . com " ; as in you now have an online connection
for fast - breaking news about and around enron . it ' s called ebiz , and it will
change the way you get news . it might even change the way you think about
news .
ebiz will come racing across the enron intranet on home . enron . com every two
weeks , and we will post breaking news and announcements as they happen . the
news in ebiz will be so fresh and timely and fun to read , you may have to
skip your morning coffee so you don ' t miss anything .
get ready , get set , get connected with ebiz . | 0 | ham | the dot is here . | it ' s six months into the new millennium . where do you get your company
news ? enron , cited as the most innovative company in america for five years
in a row , prints a newsletter every two months . we could reorganize entire
business units between issues . twice .
don ' t worry . our printed newsletter isn ' t going anywhere ; it ' s still the
best way to bring you detailed accounts of enron ' s long - term business
direction and achievements .
let ' s just say that print has a new friend . and - - you guessed it - - that
friend is the dot . as in " dot . com " ; as in you now have an online connection
for fast - breaking news about and around enron . it ' s called ebiz , and it will
change the way you get news . it might even change the way you think about
news .
ebiz will come racing across the enron intranet on home . enron . com every two
weeks , and we will post breaking news and announcements as they happen . the
news in ebiz will be so fresh and timely and fun to read , you may have to
skip your morning coffee so you don ' t miss anything .
get ready , get set , get connected with ebiz . | 2000-06-29T00:00:00 |
11,474 | hot list 04 - 12 - 01 attached is the hot list that you requested . let me know if you would like to receive this weekly .
thanks ,
tina | 0 | ham | hot list 04 - 12 - 01 | attached is the hot list that you requested . let me know if you would like to receive this weekly .
thanks ,
tina | 2001-04-13T00:00:00 |
30,899 | hes xaanax , tussl 0 nex , \ / alluum , ambleen , claal 1 s , \ / 1 agrra , adlpex heavy having light wonderful fortune note slowly imagine ,
xanaax , \ / alium , cialiis , \ / iaagra , ambieen & all popular medssno long questioning form , you pay & we shiip out today cameworldwide shippiing almost
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cialiis : from $ 96
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& many more meds for u to choose from
dont miss this prom 0 tionlimited stock until all sold out ( this way please )
closed determined recess knew sorry waiting . argue uncle pardon maybe seems yet try , | 1 | spam | hes xaanax , tussl 0 nex , \ / alluum , ambleen , claal 1 s , \ / 1 agrra , adlpex heavy having light | wonderful fortune note slowly imagine ,
xanaax , \ / alium , cialiis , \ / iaagra , ambieen & all popular medssno long questioning form , you pay & we shiip out today cameworldwide shippiing almost
prom 0 tion running now :
cialiis : from $ 96
\ / iaagra : from $ 64
\ / alium : from $ 70
xanaax : from $ 75
ambieen : from $ 68
& many more meds for u to choose from
dont miss this prom 0 tionlimited stock until all sold out ( this way please )
closed determined recess knew sorry waiting . argue uncle pardon maybe seems yet try ,
| 2004-12-21T00:00:00 |
31,102 | are you suffering im over my pain
h ^ y - d . r ' o . c - o - d , o . n _ e 7 . 5 / 5 oo m . g
3 o piils 139 . 00
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order here : http : / / devolution . . com
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to stop : http : / / colloquia . . com / please /
your membership is about to expire
mai andrews
educationalist
gtp technology , 31319 labege cedex , france
phone : 321 - 161 - 1177
mobile : 311 - 599 - 7442
email : wdnesc @ gee - wiz . com
your reply to this confirmation message is not needed
this software is a 84 decade trial shareware
notes :
the contents of this note is for attention and should not be belligerent rankine
postmark dahomey adsorb
time : tue , 04 jan 2005 05 : 39 : 58 - 0800 | 1 | spam | are you suffering | im over my pain
h ^ y - d . r ' o . c - o - d , o . n _ e 7 . 5 / 5 oo m . g
3 o piils 139 . 00
60 pilis 219 . 0 o
9 o p ! lls 289 . 0 o
order here : http : / / devolution . . com
same day shlpp 1 ng
to stop : http : / / colloquia . . com / please /
your membership is about to expire
mai andrews
educationalist
gtp technology , 31319 labege cedex , france
phone : 321 - 161 - 1177
mobile : 311 - 599 - 7442
email : wdnesc @ gee - wiz . com
your reply to this confirmation message is not needed
this software is a 84 decade trial shareware
notes :
the contents of this note is for attention and should not be belligerent rankine
postmark dahomey adsorb
time : tue , 04 jan 2005 05 : 39 : 58 - 0800 | 2005-01-04T00:00:00 |
19,628 | fwd : adv : important : this email address is circulating . . . if you ' ve received this message
- then your email address has been screened
circulating on junk - email and spam related mailing lists .
unsubscribenow . org spam - traps junk - email circulating
online , parses multiple - recipient addresses and registers
their ' remove - me ' links into the unsubscribenow . org
remove - me database .
to learn how we help clear and opt - out your email addresses
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1 | spam | fwd : adv : important : this email address is circulating . . . | if you ' ve received this message
- then your email address has been screened
circulating on junk - email and spam related mailing lists .
unsubscribenow . org spam - traps junk - email circulating
online , parses multiple - recipient addresses and registers
their ' remove - me ' links into the unsubscribenow . org
remove - me database .
to learn how we help clear and opt - out your email addresses
online , visit us today at
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. net
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| 2004-08-21T00:00:00 |
17,640 | start date : 1 / 8 / 02 ; hourahead hour : 10 ; start date : 1 / 8 / 02 ; hourahead hour : 10 ; no ancillary schedules awarded . variances detected .
variances detected in load schedule .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002010810 . txt
- - - - load schedule - - - -
$ $ $ variance found in table tblloads .
details : ( hour : 10 / preferred : 187 . 97 / final : 187 . 94 )
trans _ type : final
load _ id : sdgl
mkt _ type : 2
trans _ date : 1 / 8 / 02
sc _ id : enrj | 0 | ham | start date : 1 / 8 / 02 ; hourahead hour : 10 ; | start date : 1 / 8 / 02 ; hourahead hour : 10 ; no ancillary schedules awarded . variances detected .
variances detected in load schedule .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002010810 . txt
- - - - load schedule - - - -
$ $ $ variance found in table tblloads .
details : ( hour : 10 / preferred : 187 . 97 / final : 187 . 94 )
trans _ type : final
load _ id : sdgl
mkt _ type : 2
trans _ date : 1 / 8 / 02
sc _ id : enrj | 2002-01-08T00:00:00 |
13,207 | re : replacement cost values the 2001 annual allocated premium for these assets for property insurance is $ 670 , 000 based upon ena ' s 2001 reported value of approximately $ 470 , 000 , 000 . the pro - rata credit for 7 months , assuming a 5 - 31 - 01 sale date , would be $ 390 , 833 .
underwriters require an update of values and exposures annually at renewal . gathering these values within enron normally requires 30 to 45 days . we use these same values in the allocation system . unless the value change is significant , the actual cost of insurance to the outside insurers will not change once you complete your entire study of replacement cost values , we can discuss whether approaching underwriters is warranted .
if we internally adjust your allocation mid - year , we must move the premium that we take away from you to the other participants in the program . as you know , the remainder of enron did not stand still while you sold bammel . we have not tried this before , however , i suspect if approached with the additional premium as a result reducing ena ' s allocation , all the other operating entities would want to re - submit their revised values as well and we would find ourselves in a constant state of adjustment . in view of the time required , this is neither practical nor cost effective for enron . in view of the relatively small numbers , i doubt that corp . would entertain this proposition either , however , we can approach them if you wish .
- - - - - original message - - - - -
from : redmond , brian
sent : tuesday , october 09 , 2001 9 : 26 am
to : clayton , paul ; coffey jr . , jim ; azore , jacquelyn
cc : whiting , greg ; gruesen , karen ; helton , susan ; koehler , anne c . ; kitchen , louise ; bouillion , james l .
subject : re : replacement cost values
paul :
please let me know how much of the 2000 insurance premium is being allocated to the approx . $ 700 mm of hpl assets . this charge is effectively " a cost of capital " and should be re - allocated to other groups with insured assets or should remain at corp .
regards ,
brian
- - - - - original message - - - - -
from : clayton , paul
sent : tuesday , october 09 , 2001 8 : 43 am
to : redmond , brian ; coffey jr . , jim ; azore , jacquelyn
cc : whiting , greg ; gruesen , karen ; helton , susan ; koehler , anne c . ; kitchen , louise ; bouillion , james l .
subject : re : replacement cost values
brian :
this insurance is purchased on a portfolio basis with payment to underwriters at inception of the coverage . values are adjusted annually at renewal . the premiums are allocated to the participating entities as part of the budget process and insignificant additions and deletions of assets do not normally result in premiums additions or refunds . in the event that we discontinue premiums to north america for hlp , we have no mechanism to allocate that premium to the other assets that continue to be insured . in the event of a significant divestiture , underwriters may consider a refund , however , the values discussed below would not likely be significant when compared to enron ' s values as a whole . additionally , enron ' s adverse loss experience affects the underwriters ability to return premium for small divestitures .
at renewal , 4 / 01 / 02 , north america ' s revised property values will be declared to underwriters as part of enron ' s overall values and your premium allocation will adjust depending upon your values and loss experience as compared to the rest of enron .
regards ,
paul
- - - - - original message - - - - -
from : redmond , brian
sent : monday , october 08 , 2001 5 : 31 pm
to : coffey jr . , jim ; clayton , paul ; azore , jacquelyn
cc : whiting , greg ; gruesen , karen ; helton , susan ; koehler , anne c . ; kitchen , louise
subject : re : replacement cost values
paul :
please confirm that ena will not bear any insurance costs for the hpl assets for the second half of 2001 and the balance of years going forward ? if this is not the case , then we need to meet and discuss why this is not the case .
thanks ,
brian
- - - - - original message - - - - -
from : coffey jr . , jim
sent : monday , october 08 , 2001 5 : 25 pm
to : clayton , paul ; azore , jacquelyn
cc : redmond , brian ; whiting , greg ; gruesen , karen ; helton , susan ; koehler , anne c .
subject : re : replacement cost values
paul
in addition to the 188 , 371 , 296 property value for bammel lease that you mentioned below there was also a value on your spreadsheet for bammel gas storage of 267 , 000 , 000 . requirements to insure both of these amounts should be with aep not enron and thus the 2002 plan premium allocations of $ 754 , 096 on the bammel gas storage 267 , 000 , 000 value and $ 924 , 433 on the bammel lease value of 188 , 371 , 296 should not be needed .
jackie
please remove these amounts from the ena - hpl 2002 plan .
- - - - - original message - - - - -
from : clayton , paul
sent : monday , october 08 , 2001 5 : 10 pm
to : coffey jr . , jim
subject : re : replacement cost values
jim :
as discussed for the purposes of the 2002 insurance budget , we will delete the bammel lease ( 1409 ) property values of $ 188 , 371 , 296 . we will advise the insurers effective this past june to delete these assets and will attempt to receive a refund . however , as respects asset divestitures , insurers have not been inclined in the past to refund premiums for comparatively small divestitures in view of our adverse loss experience . however , if we are successful in receiving a credit , we will refund the premium .
i will discuss with karen and brian the other remaining assets .
regards ,
- - - - - original message - - - - -
from : clayton , paul
sent : monday , october 08 , 2001 2 : 13 pm
to : coffey jr . , jim
subject : replacement cost values
jim :
please update accordingly .
thanks ,
> | 0 | ham | re : replacement cost values | the 2001 annual allocated premium for these assets for property insurance is $ 670 , 000 based upon ena ' s 2001 reported value of approximately $ 470 , 000 , 000 . the pro - rata credit for 7 months , assuming a 5 - 31 - 01 sale date , would be $ 390 , 833 .
underwriters require an update of values and exposures annually at renewal . gathering these values within enron normally requires 30 to 45 days . we use these same values in the allocation system . unless the value change is significant , the actual cost of insurance to the outside insurers will not change once you complete your entire study of replacement cost values , we can discuss whether approaching underwriters is warranted .
if we internally adjust your allocation mid - year , we must move the premium that we take away from you to the other participants in the program . as you know , the remainder of enron did not stand still while you sold bammel . we have not tried this before , however , i suspect if approached with the additional premium as a result reducing ena ' s allocation , all the other operating entities would want to re - submit their revised values as well and we would find ourselves in a constant state of adjustment . in view of the time required , this is neither practical nor cost effective for enron . in view of the relatively small numbers , i doubt that corp . would entertain this proposition either , however , we can approach them if you wish .
- - - - - original message - - - - -
from : redmond , brian
sent : tuesday , october 09 , 2001 9 : 26 am
to : clayton , paul ; coffey jr . , jim ; azore , jacquelyn
cc : whiting , greg ; gruesen , karen ; helton , susan ; koehler , anne c . ; kitchen , louise ; bouillion , james l .
subject : re : replacement cost values
paul :
please let me know how much of the 2000 insurance premium is being allocated to the approx . $ 700 mm of hpl assets . this charge is effectively " a cost of capital " and should be re - allocated to other groups with insured assets or should remain at corp .
regards ,
brian
- - - - - original message - - - - -
from : clayton , paul
sent : tuesday , october 09 , 2001 8 : 43 am
to : redmond , brian ; coffey jr . , jim ; azore , jacquelyn
cc : whiting , greg ; gruesen , karen ; helton , susan ; koehler , anne c . ; kitchen , louise ; bouillion , james l .
subject : re : replacement cost values
brian :
this insurance is purchased on a portfolio basis with payment to underwriters at inception of the coverage . values are adjusted annually at renewal . the premiums are allocated to the participating entities as part of the budget process and insignificant additions and deletions of assets do not normally result in premiums additions or refunds . in the event that we discontinue premiums to north america for hlp , we have no mechanism to allocate that premium to the other assets that continue to be insured . in the event of a significant divestiture , underwriters may consider a refund , however , the values discussed below would not likely be significant when compared to enron ' s values as a whole . additionally , enron ' s adverse loss experience affects the underwriters ability to return premium for small divestitures .
at renewal , 4 / 01 / 02 , north america ' s revised property values will be declared to underwriters as part of enron ' s overall values and your premium allocation will adjust depending upon your values and loss experience as compared to the rest of enron .
regards ,
paul
- - - - - original message - - - - -
from : redmond , brian
sent : monday , october 08 , 2001 5 : 31 pm
to : coffey jr . , jim ; clayton , paul ; azore , jacquelyn
cc : whiting , greg ; gruesen , karen ; helton , susan ; koehler , anne c . ; kitchen , louise
subject : re : replacement cost values
paul :
please confirm that ena will not bear any insurance costs for the hpl assets for the second half of 2001 and the balance of years going forward ? if this is not the case , then we need to meet and discuss why this is not the case .
thanks ,
brian
- - - - - original message - - - - -
from : coffey jr . , jim
sent : monday , october 08 , 2001 5 : 25 pm
to : clayton , paul ; azore , jacquelyn
cc : redmond , brian ; whiting , greg ; gruesen , karen ; helton , susan ; koehler , anne c .
subject : re : replacement cost values
paul
in addition to the 188 , 371 , 296 property value for bammel lease that you mentioned below there was also a value on your spreadsheet for bammel gas storage of 267 , 000 , 000 . requirements to insure both of these amounts should be with aep not enron and thus the 2002 plan premium allocations of $ 754 , 096 on the bammel gas storage 267 , 000 , 000 value and $ 924 , 433 on the bammel lease value of 188 , 371 , 296 should not be needed .
jackie
please remove these amounts from the ena - hpl 2002 plan .
- - - - - original message - - - - -
from : clayton , paul
sent : monday , october 08 , 2001 5 : 10 pm
to : coffey jr . , jim
subject : re : replacement cost values
jim :
as discussed for the purposes of the 2002 insurance budget , we will delete the bammel lease ( 1409 ) property values of $ 188 , 371 , 296 . we will advise the insurers effective this past june to delete these assets and will attempt to receive a refund . however , as respects asset divestitures , insurers have not been inclined in the past to refund premiums for comparatively small divestitures in view of our adverse loss experience . however , if we are successful in receiving a credit , we will refund the premium .
i will discuss with karen and brian the other remaining assets .
regards ,
- - - - - original message - - - - -
from : clayton , paul
sent : monday , october 08 , 2001 2 : 13 pm
to : coffey jr . , jim
subject : replacement cost values
jim :
please update accordingly .
thanks ,
> | 2001-10-09T00:00:00 |
29,396 | lose your weight . new weightloss loses up to 19 % . hello , i have a special offer for you . . .
want to lose weight ?
the most powerful weightloss is now available
without prescription . all natural adipren 720
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- lose up to 19 % total body weight .
- up to 300 % more weight loss while dieting .
- loss of 20 - 35 % abdominal fat .
- reduction of 40 - 70 % overall fat under skin .
- increase metabolic rate by 76 . 9 % without exercise .
- burns calorized fat .
- suppresses appetite for sugar .
- boost your confidence level and self esteem .
get the facts about all - natural adipren 720 : http : / / adiprenl 2 . com /
- - - - system information - - - -
available associate deduced means has preference obtains each
matching january organization correctly case contains standard no
still localized segments work procedure current wildly here
employ perform task only to rely tag many
supersede updated those read ja guidance operationally collating | 1 | spam | lose your weight . new weightloss loses up to 19 % . | hello , i have a special offer for you . . .
want to lose weight ?
the most powerful weightloss is now available
without prescription . all natural adipren 720
100 % money back guarantée !
- lose up to 19 % total body weight .
- up to 300 % more weight loss while dieting .
- loss of 20 - 35 % abdominal fat .
- reduction of 40 - 70 % overall fat under skin .
- increase metabolic rate by 76 . 9 % without exercise .
- burns calorized fat .
- suppresses appetite for sugar .
- boost your confidence level and self esteem .
get the facts about all - natural adipren 720 : http : / / adiprenl 2 . com /
- - - - system information - - - -
available associate deduced means has preference obtains each
matching january organization correctly case contains standard no
still localized segments work procedure current wildly here
employ perform task only to rely tag many
supersede updated those read ja guidance operationally collating | 2004-08-18T00:00:00 |
13,864 | final communication materials we have a deal !
attached are the final communication materials . the only changes are the addition of legend language at the end of the external q & a , employee email , messages and talking points , and a change in one question in the external and internal q & a ( q : when will the 10 q be filed ? a : it is scheduled to be filed on november 14 . )
please forward these materials to your direct reports as briefing materials for floor / staff meetings . we will run the etv ad notifying employees to check their email for an important video message through the weekend and monday morning . call me if you have any questions .
thank you all for your assistance in communicating these messages with employees .
karen
x 39757
attachments :
- - press release , issued by dynegy and posted on www . enron . com in the press room
- - timeline for communication rollout
- - key messages for use with internal and external audiences
- - talking points for use with employees
- - email to employees w / link to q & as
- - video script ( to be viewed by employees on the intranet : upfront ! )
- - external q & a for use with the media and external audiences
- - internal q & a for background use in meetings with employees
- - intranet q & a posted on the web for employees | 0 | ham | final communication materials | we have a deal !
attached are the final communication materials . the only changes are the addition of legend language at the end of the external q & a , employee email , messages and talking points , and a change in one question in the external and internal q & a ( q : when will the 10 q be filed ? a : it is scheduled to be filed on november 14 . )
please forward these materials to your direct reports as briefing materials for floor / staff meetings . we will run the etv ad notifying employees to check their email for an important video message through the weekend and monday morning . call me if you have any questions .
thank you all for your assistance in communicating these messages with employees .
karen
x 39757
attachments :
- - press release , issued by dynegy and posted on www . enron . com in the press room
- - timeline for communication rollout
- - key messages for use with internal and external audiences
- - talking points for use with employees
- - email to employees w / link to q & as
- - video script ( to be viewed by employees on the intranet : upfront ! )
- - external q & a for use with the media and external audiences
- - internal q & a for background use in meetings with employees
- - intranet q & a posted on the web for employees | 2001-11-09T00:00:00 |
7,301 | re : life . . . : )
maybe next time .
roman
- - - - - original message - - - - -
from : vince . j . kaminski @ enron . com
to : rkosecki @ mieco . com
sent : 10 / 18 / 00 1 : 14 pm
subject : re :
roman ,
sorry . i am leaving for philadelphia this evening . leaving office around
5
p . m . let ' s get together on another occasion .
vince
roman kosecki on 10 / 18 / 2000 02 : 09 : 28 pm
to : " ' vince . j . kaminski @ enron . com ' "
cc :
subject : re :
hi vince ,
i am in houston now . will have to work late . but how about
drinks / food
some time around 7 - 8 or later ? i am staying at wyndham greenplace ( ? )
and
will use taxi to get around .
thanks
roman
- - - - - original message - - - - -
from : vince . j . kaminski @ enron . com
to : rkosecki @ mieco . com
sent : 10 / 13 / 00 7 : 55 am
subject : re :
roman
thanks .
my home number is 281 367 5377
vince
roman kosecki on 10 / 13 / 2000 09 : 38 : 39 am
to : " ' vince . j . kaminski @ enron . com ' "
cc :
subject : re :
i will be in houston on wed . willl give you a call
roman
- - - - - original message - - - - -
from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ]
sent : thursday , october 12 , 2000 2 : 43 pm
to : rkosecki @ mieco . com
subject : re :
roman ,
drinks after work would be better . i am flying back from ca on tue
morning .
please , call me at 713 853 3848 or 713 410 5396 ( cell )
in the afternoon .
vince
roman kosecki on 10 / 12 / 2000 12 : 21 : 50 pm
to : " ' vince . j . kaminski @ enron . com ' "
cc :
subject :
hi vince
i will be in houston for a few days next week ( like mon - wed ) . if you
are
back from your european trips maybe we can " do " lunch ?
roman | 0 | ham | re : | life . . . : )
maybe next time .
roman
- - - - - original message - - - - -
from : vince . j . kaminski @ enron . com
to : rkosecki @ mieco . com
sent : 10 / 18 / 00 1 : 14 pm
subject : re :
roman ,
sorry . i am leaving for philadelphia this evening . leaving office around
5
p . m . let ' s get together on another occasion .
vince
roman kosecki on 10 / 18 / 2000 02 : 09 : 28 pm
to : " ' vince . j . kaminski @ enron . com ' "
cc :
subject : re :
hi vince ,
i am in houston now . will have to work late . but how about
drinks / food
some time around 7 - 8 or later ? i am staying at wyndham greenplace ( ? )
and
will use taxi to get around .
thanks
roman
- - - - - original message - - - - -
from : vince . j . kaminski @ enron . com
to : rkosecki @ mieco . com
sent : 10 / 13 / 00 7 : 55 am
subject : re :
roman
thanks .
my home number is 281 367 5377
vince
roman kosecki on 10 / 13 / 2000 09 : 38 : 39 am
to : " ' vince . j . kaminski @ enron . com ' "
cc :
subject : re :
i will be in houston on wed . willl give you a call
roman
- - - - - original message - - - - -
from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ]
sent : thursday , october 12 , 2000 2 : 43 pm
to : rkosecki @ mieco . com
subject : re :
roman ,
drinks after work would be better . i am flying back from ca on tue
morning .
please , call me at 713 853 3848 or 713 410 5396 ( cell )
in the afternoon .
vince
roman kosecki on 10 / 12 / 2000 12 : 21 : 50 pm
to : " ' vince . j . kaminski @ enron . com ' "
cc :
subject :
hi vince
i will be in houston for a few days next week ( like mon - wed ) . if you
are
back from your european trips maybe we can " do " lunch ?
roman | 2000-10-18T00:00:00 |
1,569 | change in assignment effective monday , september 11 th i will no longer report to the texas desk
thus , i am in the process of
training susan hadix { 3 - 5796 } on hpl industrial trades . | 0 | ham | change in assignment | effective monday , september 11 th i will no longer report to the texas desk
thus , i am in the process of
training susan hadix { 3 - 5796 } on hpl industrial trades . | 2000-09-07T00:00:00 |
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pc health check with pc bug doctor !
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a very satisfied customer
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our computer
kept having some error popup every time it rebooted but now its gone .
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| 2004-01-01T00:00:00 |
22,778 | organisational announcement . draft - for your review . . . not sure who to say to ' report to ' . . . . . . although
obviously it ' s you .
we are pleased to announce that barry pearce , vice president , will be joining
enron broadband services as global controller of trading support operations .
barry , who will be based in houston and report functionally to both jim
fallon and john echols , will assume responsibility for the on - going
day - to - day control and development of ebs ' s trading support infra - structure .
recognizing that ebs ' s increasing trading operations worldwide are ever
expanding , there is a need to insure outstanding internal controls are in
place for all trading and risk management activities , regardless of location .
barry ' s responsibilities with regard to global trading support operations
will mirror those of other controller functions throughout enron . in this
role , barry will work closely with sally beck ' s global risk management group
to insure that ebs is focused on best practice throughout the front and back
office functions , including risk book management , deal capture , contract
administration , contract settlements and trading accounting . barry ' s group
will also help ensure operational systems are developed to facilitate the
timely and accurate reporting of all trading activities and that key
operational procedures and processes are implemented .
barry has been with enron since 1992 , when he joined the company from arthur
andersen . barry has spent the last five years in london playing an integral
part in the development and success of the support operations of ect europe .
he moves to ebs from his current job as vp , european gas and power trading
support operations .
please join us in wishing barry success in his new role . | 0 | ham | organisational announcement . | draft - for your review . . . not sure who to say to ' report to ' . . . . . . although
obviously it ' s you .
we are pleased to announce that barry pearce , vice president , will be joining
enron broadband services as global controller of trading support operations .
barry , who will be based in houston and report functionally to both jim
fallon and john echols , will assume responsibility for the on - going
day - to - day control and development of ebs ' s trading support infra - structure .
recognizing that ebs ' s increasing trading operations worldwide are ever
expanding , there is a need to insure outstanding internal controls are in
place for all trading and risk management activities , regardless of location .
barry ' s responsibilities with regard to global trading support operations
will mirror those of other controller functions throughout enron . in this
role , barry will work closely with sally beck ' s global risk management group
to insure that ebs is focused on best practice throughout the front and back
office functions , including risk book management , deal capture , contract
administration , contract settlements and trading accounting . barry ' s group
will also help ensure operational systems are developed to facilitate the
timely and accurate reporting of all trading activities and that key
operational procedures and processes are implemented .
barry has been with enron since 1992 , when he joined the company from arthur
andersen . barry has spent the last five years in london playing an integral
part in the development and success of the support operations of ect europe .
he moves to ebs from his current job as vp , european gas and power trading
support operations .
please join us in wishing barry success in his new role . | 2000-04-25T00:00:00 |
8,169 | re : reminder - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 10 / 2001
05 : 21 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
vince j kaminski
01 / 08 / 2001 01 : 10 pm
to : sandeep kohli / enron _ development @ enron _ development
cc : vince j kaminski / hou / ect @ ect
subject : re : reminder
sandeep ,
i am meeting jeff on tuesday , 1 : 30 .
the best number to reach me ( outside the office ) is my cell phone
( always on ) : 713 410 5396 .
my home number is 281 367 5377 .
vince
sandeep kohli @ enron _ development
01 / 06 / 2001 08 : 30 pm
to : vince j kaminski @ ect
cc :
subject : reminder
vince ,
before leaving for india i just wanted to jot you this small reminder to talk
to jeff shankman on monday .
aside from myself , i wanted to remind you to talk about anshuman shrivastava ,
who is currently assistant manager in india , and has my recommendation for
promotion to manager . he is our point person on many dpc matters , and is
also the person i have used on most fuel related issues . he will be a real
asset to jeff when located in houston . sinc he is single , and quite young ,
it will not be a problem to move him here at short notice .
i will call you from india as soon as i get in . it will be monday evening in
houston at that time , so could you please jot me a note telling me what would
be a good number to call you on .
i look forward to working with the team in research .
thanks again ,
regards ,
sandeep . | 0 | ham | re : reminder | - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 10 / 2001
05 : 21 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
vince j kaminski
01 / 08 / 2001 01 : 10 pm
to : sandeep kohli / enron _ development @ enron _ development
cc : vince j kaminski / hou / ect @ ect
subject : re : reminder
sandeep ,
i am meeting jeff on tuesday , 1 : 30 .
the best number to reach me ( outside the office ) is my cell phone
( always on ) : 713 410 5396 .
my home number is 281 367 5377 .
vince
sandeep kohli @ enron _ development
01 / 06 / 2001 08 : 30 pm
to : vince j kaminski @ ect
cc :
subject : reminder
vince ,
before leaving for india i just wanted to jot you this small reminder to talk
to jeff shankman on monday .
aside from myself , i wanted to remind you to talk about anshuman shrivastava ,
who is currently assistant manager in india , and has my recommendation for
promotion to manager . he is our point person on many dpc matters , and is
also the person i have used on most fuel related issues . he will be a real
asset to jeff when located in houston . sinc he is single , and quite young ,
it will not be a problem to move him here at short notice .
i will call you from india as soon as i get in . it will be monday evening in
houston at that time , so could you please jot me a note telling me what would
be a good number to call you on .
i look forward to working with the team in research .
thanks again ,
regards ,
sandeep . | 2001-01-10T00:00:00 |
29,830 | hi again , here is lela gold . i wite you because we are accepting your mortgage application .
our office confirms you can get a $ 220 . 000 lo?n for a $ 352 . 00 per month payment .
approval process will take 1 minute , so please fill out the form on our website :
thank you .
best regards lela gold
first account manager | 1 | spam | hi again , | here is lela gold . i wite you because we are accepting your mortgage application .
our office confirms you can get a $ 220 . 000 lo?n for a $ 352 . 00 per month payment .
approval process will take 1 minute , so please fill out the form on our website :
thank you .
best regards lela gold
first account manager | 2004-09-29T00:00:00 |
7,570 | christmas list hello vince and mike
i want to keep you informed .
this year all baskets will be done in a timely manner .
on last year we were going through a major move therefore
many people played key roles in keeping us together .
this year however , is a little different , as it is always nice
to give unfortunately we can not give to everyone .
i am sending a lists of who we have so far .
there are a few names on the list that i feel we should do something else
for this year .
under shirley ' s list of names .
( not so expensive )
they are : move team who ?
mail room who ?
facilities help desk who ?
there are other tokens of appreciation that we can get for them .
please note that you two are the only ones that have seen this e - mail so far
i will need your approval for all baskets , however your input on the matter
will be
greatly appreciated . the list is not completed i am still waiting for
additions .
thanks
kevin moore | 0 | ham | christmas list | hello vince and mike
i want to keep you informed .
this year all baskets will be done in a timely manner .
on last year we were going through a major move therefore
many people played key roles in keeping us together .
this year however , is a little different , as it is always nice
to give unfortunately we can not give to everyone .
i am sending a lists of who we have so far .
there are a few names on the list that i feel we should do something else
for this year .
under shirley ' s list of names .
( not so expensive )
they are : move team who ?
mail room who ?
facilities help desk who ?
there are other tokens of appreciation that we can get for them .
please note that you two are the only ones that have seen this e - mail so far
i will need your approval for all baskets , however your input on the matter
will be
greatly appreciated . the list is not completed i am still waiting for
additions .
thanks
kevin moore | 2000-11-07T00:00:00 |
8,130 | spring 2001 module and calendar schedule attached spring 2001 faculty ,
attached is the spring 2001 module and calendar schedules for your
review . please note the jones graduate school is not following the
traditional university calendar for spring break this year . if you have
any questions please contact me .
kathy
kathy m . spradling
mba program coordinator
jesse h . jones graduate school of management
rice university
6100 main street , ms 531
houston , texas 77005 - 1892
phone : ( 713 ) 348 - 3313
fax : ( 713 ) 348 - 5251
email : spradlin @ rice . edu
http : / / www . rice . edu / jgs
e - mail : spradlin @ rice . edu
http : / / www . ruf . rice . edu / ~ jgs /
- spring module 2001 sch . doc
- spring module 2001 cal . doc | 0 | ham | spring 2001 module and calendar schedule attached | spring 2001 faculty ,
attached is the spring 2001 module and calendar schedules for your
review . please note the jones graduate school is not following the
traditional university calendar for spring break this year . if you have
any questions please contact me .
kathy
kathy m . spradling
mba program coordinator
jesse h . jones graduate school of management
rice university
6100 main street , ms 531
houston , texas 77005 - 1892
phone : ( 713 ) 348 - 3313
fax : ( 713 ) 348 - 5251
email : spradlin @ rice . edu
http : / / www . rice . edu / jgs
e - mail : spradlin @ rice . edu
http : / / www . ruf . rice . edu / ~ jgs /
- spring module 2001 sch . doc
- spring module 2001 cal . doc | 2001-01-08T00:00:00 |
23,481 | re : uk drift apologies if you felt that i had to have objectives - i was trying to
understand the context of the request so i could ensure that the staff doing
the analysis could better understand and possibly provide a ' fuller ' return
to you
i was simply seeking enhanced communication !
mike
from : sheila glover 06 / 11 / 2000 15 : 26
to : mike jordan / lon / ect @ ect
cc : sally beck / hou / ect @ ect , gary hickerson / hou / ect @ ect
subject : uk drift
mike ,
please provide a the drift analysis for 2001 and the expected new deals '
impact on the pv of the gross book balance over 2001 .
this is a reasonable request for a the rate & currency group and i do not
think i should have to provide you objectives supporting this request .
sheila
- - - - - - - - - - - - - - - - - - - - - - forwarded by sheila glover / hou / ect on 11 / 06 / 2000 09 : 23
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : sheila glover 11 / 01 / 2000 07 : 02 pm
to : mike jordan / lon / ect @ ect , beth apollo / lon / ect @ ect
cc : gary hickerson / hou / ect @ ect , shane dallmann / lon / ect @ ect
subject : uk drift
mike and beth ,
i would appreciate a copy of the drift number submitted for budget 2001 and a
copy of the analysis for enron europe .
i would also like a copy of the expected new deals for 2001 reflecting the
average increase / or decrease in the pv of the gross book balance . i need
this infomation in dollar terms not percentages . i need to have the new deals
separately for gbp , nok , and eur . we are reviewing drift and our
anticipated interest rate position vs . expected 2001 economic climate .
thanks . sheila | 0 | ham | re : uk drift | apologies if you felt that i had to have objectives - i was trying to
understand the context of the request so i could ensure that the staff doing
the analysis could better understand and possibly provide a ' fuller ' return
to you
i was simply seeking enhanced communication !
mike
from : sheila glover 06 / 11 / 2000 15 : 26
to : mike jordan / lon / ect @ ect
cc : sally beck / hou / ect @ ect , gary hickerson / hou / ect @ ect
subject : uk drift
mike ,
please provide a the drift analysis for 2001 and the expected new deals '
impact on the pv of the gross book balance over 2001 .
this is a reasonable request for a the rate & currency group and i do not
think i should have to provide you objectives supporting this request .
sheila
- - - - - - - - - - - - - - - - - - - - - - forwarded by sheila glover / hou / ect on 11 / 06 / 2000 09 : 23
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : sheila glover 11 / 01 / 2000 07 : 02 pm
to : mike jordan / lon / ect @ ect , beth apollo / lon / ect @ ect
cc : gary hickerson / hou / ect @ ect , shane dallmann / lon / ect @ ect
subject : uk drift
mike and beth ,
i would appreciate a copy of the drift number submitted for budget 2001 and a
copy of the analysis for enron europe .
i would also like a copy of the expected new deals for 2001 reflecting the
average increase / or decrease in the pv of the gross book balance . i need
this infomation in dollar terms not percentages . i need to have the new deals
separately for gbp , nok , and eur . we are reviewing drift and our
anticipated interest rate position vs . expected 2001 economic climate .
thanks . sheila | 2000-11-06T00:00:00 |
31,892 | men with a silent problem start increasing your odds of success & live sexually healthy .
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? only 15 minutes to wait
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| 2005-02-20T00:00:00 |
23,851 | fw : hoooooooray ! joel has been negotiating with open text along with ryan orsak - as enron has
been providing numerous resource hours testing their ' beta ' product that
integrates livelink with irims for records management processes . our
experience has been that we are finding way too many problems and that the
product does not function as ' advertised ' . therefore , joel sought a credit
to reimburse enron for the value of the testing we have performed for them .
the $ 30 , 000 software credit will likely be used to purchase the web front end
to the livelink product .
congratulations , joel !
- - - - - original message - - - - -
from : henenberg , joel
sent : friday , february 16 , 2001 4 : 06 pm
to : solmonson , mary
subject : hoooooooray !
mary , i am happy to say open text has agreed to a $ 60 , 000 credit for enron .
enron will receive this credit via $ 30 , 000 in software and $ 30 , 000 credit in
professional services .
regards
joel | 0 | ham | fw : hoooooooray ! | joel has been negotiating with open text along with ryan orsak - as enron has
been providing numerous resource hours testing their ' beta ' product that
integrates livelink with irims for records management processes . our
experience has been that we are finding way too many problems and that the
product does not function as ' advertised ' . therefore , joel sought a credit
to reimburse enron for the value of the testing we have performed for them .
the $ 30 , 000 software credit will likely be used to purchase the web front end
to the livelink product .
congratulations , joel !
- - - - - original message - - - - -
from : henenberg , joel
sent : friday , february 16 , 2001 4 : 06 pm
to : solmonson , mary
subject : hoooooooray !
mary , i am happy to say open text has agreed to a $ 60 , 000 credit for enron .
enron will receive this credit via $ 30 , 000 in software and $ 30 , 000 credit in
professional services .
regards
joel | 2001-02-21T00:00:00 |
10,467 | the technews - bulletin , july 2005 mobile production units for developing countries - worldwide partners program
sn world foundation will supply to countries and developing regions the technology and necessary support for production in series of mini - plants in mobile containers ( 40 - foot ) . the mini - plant system is designed in such a way that all the production machinery is fixed on the platform of the container , with all wiring , piping , and installation parts ; that is , they are fully equipped . . . and the mini - plant is ready for production .
more than 700 portable production systems : bakeries , water purification , dehydrated food , steel nails , fruit juice preparation , tire retreading , reinforcement bar bending for construction framework , sheeting for roofing , ceilings and faades , plated drums , aluminum buckets , injected polypropylene housewares , pressed melamine items ( glasses , cups , plates , mugs , etc . ) , mufflers , construction electrically welded mesh , plastic bags and packaging , medical assistance mobile units , sanitary material , hypodermic syringes , hemostatic clamps , etc .
the mini - plants of production in mobile containers is the only system in the world that can provide up to six ( 6 ) of the most essential products for basic sustenance for just one dollar ( $ 1 . 00 ) per day .
sn world foundation has started a co - investment program for the installation of small assembly plants to manufacture , in series , the mini - plants of portable production on site , region or country where required . one of the most relevant features is the fact that these plants will be connected to the international trade system , with access to more than 50 million raw materials , products and services and automatic transactions for world trade .
due to financial reasons , involving cost and social impact , the best solution is setting up assembly plants on the same countries and regions , using local resources ( labor , some equipment , etc . ) sn world foundation participates at 50 % ( fifty percent ) for investment of each assembly plant .
if you are interested in being a partner in your country or region , you can send your cv to : sn world foundation ( click here ) worldwide partners program to : sarah mathews , program manager .
if you received this in error or would like to be removed from our list , please return us indicating : remove or un - subscribe in subject field , thanks . the technews , editor
2005 the tech news . all rights reserved . | 1 | spam | the technews - bulletin , july 2005 | mobile production units for developing countries - worldwide partners program
sn world foundation will supply to countries and developing regions the technology and necessary support for production in series of mini - plants in mobile containers ( 40 - foot ) . the mini - plant system is designed in such a way that all the production machinery is fixed on the platform of the container , with all wiring , piping , and installation parts ; that is , they are fully equipped . . . and the mini - plant is ready for production .
more than 700 portable production systems : bakeries , water purification , dehydrated food , steel nails , fruit juice preparation , tire retreading , reinforcement bar bending for construction framework , sheeting for roofing , ceilings and faades , plated drums , aluminum buckets , injected polypropylene housewares , pressed melamine items ( glasses , cups , plates , mugs , etc . ) , mufflers , construction electrically welded mesh , plastic bags and packaging , medical assistance mobile units , sanitary material , hypodermic syringes , hemostatic clamps , etc .
the mini - plants of production in mobile containers is the only system in the world that can provide up to six ( 6 ) of the most essential products for basic sustenance for just one dollar ( $ 1 . 00 ) per day .
sn world foundation has started a co - investment program for the installation of small assembly plants to manufacture , in series , the mini - plants of portable production on site , region or country where required . one of the most relevant features is the fact that these plants will be connected to the international trade system , with access to more than 50 million raw materials , products and services and automatic transactions for world trade .
due to financial reasons , involving cost and social impact , the best solution is setting up assembly plants on the same countries and regions , using local resources ( labor , some equipment , etc . ) sn world foundation participates at 50 % ( fifty percent ) for investment of each assembly plant .
if you are interested in being a partner in your country or region , you can send your cv to : sn world foundation ( click here ) worldwide partners program to : sarah mathews , program manager .
if you received this in error or would like to be removed from our list , please return us indicating : remove or un - subscribe in subject field , thanks . the technews , editor
2005 the tech news . all rights reserved .
| 2005-07-02T00:00:00 |
5,284 | re : interview elizabeth ,
yes , manager .
thanks .
vince
from : elizabeth grant 01 / 10 / 2000 03 : 27 pm
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : interview
we ' ll get right on it . are you looking at him for a specific level ( manager ? )
- elizabeth
vince j kaminski
01 / 10 / 2000 12 : 56 pm
to : elizabeth grant / hou / ect @ ect
cc : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect
subject : interview
elizabeth ,
we would like to invite bob lee for an interview , january 24 , monday .
he will be interviewed by me , stinson gibner ,
zimin lu , paulo issler , vasant shanbhogue , krishnarao pinnamaneni ,
grant masson .
thanks
vince | 0 | ham | re : interview | elizabeth ,
yes , manager .
thanks .
vince
from : elizabeth grant 01 / 10 / 2000 03 : 27 pm
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : interview
we ' ll get right on it . are you looking at him for a specific level ( manager ? )
- elizabeth
vince j kaminski
01 / 10 / 2000 12 : 56 pm
to : elizabeth grant / hou / ect @ ect
cc : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect
subject : interview
elizabeth ,
we would like to invite bob lee for an interview , january 24 , monday .
he will be interviewed by me , stinson gibner ,
zimin lu , paulo issler , vasant shanbhogue , krishnarao pinnamaneni ,
grant masson .
thanks
vince | 2000-01-10T00:00:00 |
20,795 | improved formula - look and feel 20 years younger ! want to be dropped from
our list ? do not reply to this email . copy and paste this link into your browser -
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v . egas , nv 89107 | 1 | spam | improved formula - look and feel 20 years younger ! | want to be dropped from
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| 2004-12-24T00:00:00 |
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by major oil companies
in the 1970 s . the field is estabiished with substantia | recoverable
reserves , estimated at over
3 . 9 miilion barreis of oil and about 2 biilion cubic ft . of gas in the
two pay zones .
symbo | - eogi
price - . 065
the value of eogi ' s shares wi | | skyrocket :
1 . price charts confirm oi | prices are experiencing the strongest buil
market in a generation .
2 . natural gas prices have tripied in the | ast two years .
3 . with multiple projects in high - gear and the expanding production on
reserves worth muiti - miliions , eogi is seliing for | ess than 1 / 4 the
vaiue of its assets .
4 . emerson oi | and gas specializes in using new technoiogy to turn
unproductive oil and gas deposits into profitabie enterprises .
aiready shares in the oi | and gas sector are rising faster than the
overail market . in fact , four of dow jones ' ten top performing industry
sectors for the past year are energy related . but it ' s in the mid - sized
explorers and deveiopers | ike emerson ( eogi ) that the biggest gains are
being made . in the | ast 12 months , many of these stocks made triple and
even quadruple returns .
our subscribers need to pay particularly ciose attention to undervalued
eogi shares , because it won ' t be a bargain for | ong . this smail company
with a comparably sma | | market value , is sitting on a bonanza of oil
and gas reserves - an unrecognized bonus for investors especiaily with
the daily jump in energy prices .
but a | | that wi | | change in a few short weeks , as these reserves move
into production , bringing an explosion of cash that is expected to
capture the attention of the market , and have an equa | | y expiosive
effect on the share price .
what will the cash fiow from these projects do for the price of emerson
oil and gas ' shares ? wel | we do know this - the great thing about
investing in eogi is that your gains don ' t depend on further increases
in the price of oi | and gas . even if energy prices stay fiat , or
deciine
slightiy , you will stil | make a very heaithy return . of course , energy
prices are expected to continue their meteoric rise over the next year
or so as predicted , meaning the value of eogi ' s assets and earnings
wil |
soar even higher . in that case , the reward for investors wi | | be
staggering .
overal | , we consider eogi to be one of the | ast outstanding energy
piays in the oi | and gas sector . once this discovery has been realized ,
eogi shares wil | surge sharpiy on heavy investor attention . we have
identified this discovery for immediate accumuiation . eogi ' s oil and
gas reserves are well estabiished and are going into massive
production .
eariy investors wiil secure optimum gains , and any additiona | news in
this
area wil | reaily turn up the heat , causing us to revise our targets
upward in next week ' s bu | | etin .
oi | and gas advisory ( oga ) is not a investment expert . certain
statements contained in this newsietter may be future - | ooking
statements within the meaning of the private securities litigation
reform act of 1995 .
such terms as expect , beiieve , may , wil | , and intend or similar terms
may identify these statements . past - performance is not an indicator of
future - resuits . this is not an expert to acquire or sel | securities .
oga is an independent publication that was paid fifteen thousand
doilars by a
third party for the continuing coverage and dissemination of this
company information . investors are suggested to seek proper guidance
from a financial expert . investors should use the information provided
in this
newsletter as a starting point for gathering additional information on
the profiied company to a | | ow the investor to form their own opinion
regarding investment .
if you wish to stop future mailings , or if you feel you have been
wrongfully piaced in our membership , please go here or send a blank
e mai | with no thanks in the subject to stock 65 @ yahoo . com | 1 | spam | penny stock profiie in the driver ' s seat | the oi | and gas advisory
now that oil and gas has entered a long - term buil market ,
our speciaity in pinpointing the hottest companies of the few remaining
undervalued energy piays has produced soaring returns .
emerson oi | and gas ( eogi ) is an energy developer in the us oil beit
and in canada ' s most highly coveted reservoirs with generating
potentia | of miilions per week .
breaking news ! ! !
emerson oi | and gas identifies lease opportunity in south texas
providing opportunity
for 22 - well re - entry in fieid with strong producing history and large
recoverabie reserves
south texas in a | arge existing fieid that was discovered and driiled
by major oil companies
in the 1970 s . the field is estabiished with substantia | recoverable
reserves , estimated at over
3 . 9 miilion barreis of oil and about 2 biilion cubic ft . of gas in the
two pay zones .
symbo | - eogi
price - . 065
the value of eogi ' s shares wi | | skyrocket :
1 . price charts confirm oi | prices are experiencing the strongest buil
market in a generation .
2 . natural gas prices have tripied in the | ast two years .
3 . with multiple projects in high - gear and the expanding production on
reserves worth muiti - miliions , eogi is seliing for | ess than 1 / 4 the
vaiue of its assets .
4 . emerson oi | and gas specializes in using new technoiogy to turn
unproductive oil and gas deposits into profitabie enterprises .
aiready shares in the oi | and gas sector are rising faster than the
overail market . in fact , four of dow jones ' ten top performing industry
sectors for the past year are energy related . but it ' s in the mid - sized
explorers and deveiopers | ike emerson ( eogi ) that the biggest gains are
being made . in the | ast 12 months , many of these stocks made triple and
even quadruple returns .
our subscribers need to pay particularly ciose attention to undervalued
eogi shares , because it won ' t be a bargain for | ong . this smail company
with a comparably sma | | market value , is sitting on a bonanza of oil
and gas reserves - an unrecognized bonus for investors especiaily with
the daily jump in energy prices .
but a | | that wi | | change in a few short weeks , as these reserves move
into production , bringing an explosion of cash that is expected to
capture the attention of the market , and have an equa | | y expiosive
effect on the share price .
what will the cash fiow from these projects do for the price of emerson
oil and gas ' shares ? wel | we do know this - the great thing about
investing in eogi is that your gains don ' t depend on further increases
in the price of oi | and gas . even if energy prices stay fiat , or
deciine
slightiy , you will stil | make a very heaithy return . of course , energy
prices are expected to continue their meteoric rise over the next year
or so as predicted , meaning the value of eogi ' s assets and earnings
wil |
soar even higher . in that case , the reward for investors wi | | be
staggering .
overal | , we consider eogi to be one of the | ast outstanding energy
piays in the oi | and gas sector . once this discovery has been realized ,
eogi shares wil | surge sharpiy on heavy investor attention . we have
identified this discovery for immediate accumuiation . eogi ' s oil and
gas reserves are well estabiished and are going into massive
production .
eariy investors wiil secure optimum gains , and any additiona | news in
this
area wil | reaily turn up the heat , causing us to revise our targets
upward in next week ' s bu | | etin .
oi | and gas advisory ( oga ) is not a investment expert . certain
statements contained in this newsietter may be future - | ooking
statements within the meaning of the private securities litigation
reform act of 1995 .
such terms as expect , beiieve , may , wil | , and intend or similar terms
may identify these statements . past - performance is not an indicator of
future - resuits . this is not an expert to acquire or sel | securities .
oga is an independent publication that was paid fifteen thousand
doilars by a
third party for the continuing coverage and dissemination of this
company information . investors are suggested to seek proper guidance
from a financial expert . investors should use the information provided
in this
newsletter as a starting point for gathering additional information on
the profiied company to a | | ow the investor to form their own opinion
regarding investment .
if you wish to stop future mailings , or if you feel you have been
wrongfully piaced in our membership , please go here or send a blank
e mai | with no thanks in the subject to stock 65 @ yahoo . com
| 2005-04-13T00:00:00 |
26,663 | dowlnoad 70 + full lenght p 0 r n movies - xl 58 welcome to the most full and exclusive collection of the porn videos on the net ! more than 80 full - time dvd quality videos wait for you to download them !
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amphibious adventitious biconnected craig | 1 | spam | dowlnoad 70 + full lenght p 0 r n movies - xl 58 | welcome to the most full and exclusive collection of the porn videos on the net ! more than 80 full - time dvd quality videos wait for you to download them !
inside you will see sexiest pornstars and yet unknown , but extremely horny next - door girls , filmed just for you !
and that ? s not all - every week you ? ll find an absolutely new movies : constant updates guaranteed !
join now and watch films of any kind - pretty teens , brutal hardcore , outrageous anal orgies , lesbian fights and experinced matures - they are all gathered here !
http : / / 63 pm . com . abrwallk . info /
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amphibious adventitious biconnected craig | 2005-07-06T00:00:00 |
32,173 | photos picture little solve . result die king weather . body summer check
mother live . help if remember , color inch . cut by give crease
right . start dark divide matter , port . stead feel held ,
difficult his can . first , speed an where family . number , visit
south had whole .
- -
phone : 799 - 474 - 1871
mobile : 645 - 340 - 2875
email : declaration @ wanadoo . fr | 1 | spam | photos | picture little solve . result die king weather . body summer check
mother live . help if remember , color inch . cut by give crease
right . start dark divide matter , port . stead feel held ,
difficult his can . first , speed an where family . number , visit
south had whole .
- -
phone : 799 - 474 - 1871
mobile : 645 - 340 - 2875
email : declaration @ wanadoo . fr
| 2005-03-15T00:00:00 |
17,187 | caiso notification - tswg conference call please call in @ 1330 pacific . call in number ( 877 ) 670 - 4111 passcode
246870 . | 0 | ham | caiso notification - tswg conference call | please call in @ 1330 pacific . call in number ( 877 ) 670 - 4111 passcode
246870 . | 2001-08-29T00:00:00 |
21,205 | don ' t waste money buying m e d s from usa . 8 op 035 d 4 wo 5 noly 9 f 9 9 nigl wui 30 hj .
get v \ agra shipped to your door for less then you think !
vm 5 b 331 lg 32 hm mt ll 331 l 6 a a 2 x 3 .
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5 no ly 9 f 99 nigl wu i 30 hj qlq 975 b .
i was hated by large numbers of people 793 2 hmm tll 33 ll 6 aa 2 x 374 fmq 30 . i just got to 3 rd base with my girlfriend . listen up well , you might learn something . ra 8 op 4 mei 4 my 70 fg 6 cd 2 zbup a 6 fh . | 1 | spam | don ' t waste money buying m e d s from usa . 8 op | 035 d 4 wo 5 noly 9 f 9 9 nigl wui 30 hj .
get v \ agra shipped to your door for less then you think !
vm 5 b 331 lg 32 hm mt ll 331 l 6 a a 2 x 3 .
go to the website now for more i n f o .
86 q 302 r a 8 op 4 m ei 4 my 70 fg 6 cd 2 z .
5 no ly 9 f 99 nigl wu i 30 hj qlq 975 b .
i was hated by large numbers of people 793 2 hmm tll 33 ll 6 aa 2 x 374 fmq 30 . i just got to 3 rd base with my girlfriend . listen up well , you might learn something . ra 8 op 4 mei 4 my 70 fg 6 cd 2 zbup a 6 fh .
| 2005-02-08T00:00:00 |
5,560 | re : conference room kevin
yes , it ' s a good idea .
vince
kevin g moore
02 / 18 / 2000 06 : 56 am
to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , mike a
roberts / hou / ect @ ect
cc :
subject : conference room
goodmorning vince ,
we added a bookcase to the conference room on the 19 th floor
however , due to the departments growth i think we could use
another one .
vince , in the long run it would save us some time .
please let me know if this is okay !
thanks
kevin
moore | 0 | ham | re : conference room | kevin
yes , it ' s a good idea .
vince
kevin g moore
02 / 18 / 2000 06 : 56 am
to : vince j kaminski / hou / ect @ ect , shirley crenshaw / hou / ect @ ect , mike a
roberts / hou / ect @ ect
cc :
subject : conference room
goodmorning vince ,
we added a bookcase to the conference room on the 19 th floor
however , due to the departments growth i think we could use
another one .
vince , in the long run it would save us some time .
please let me know if this is okay !
thanks
kevin
moore | 2000-02-18T00:00:00 |
12,586 | fw : q 3 - above 50 % probability deals over $ 1 mm . total below : $ 72 . 2 mm
1 . east power
cornhusker 75 % $ 5 mm - $ 6 . 5 mm ( el paso has until 7 th september to complete the gp , number to book depends on working capital distribution )
wind 95 % $ 35 mm ( $ 35 mm in hedges - working with wes ' s team , looking to book this 9 / 24 / 01 when san antonio comes back on contract reassignment )
aes 95 % $ 2 mm ( milestone payment from aes on haywood )
calvert city 5 % $ 1 mm ( site sale )
2 . west power
saguaro 50 % $ 1 mm ( nrg closing other 50 % from edison and will complete ours after that - due 9 / 15 / 01 )
psco 100 % $ 4 . 7 mm ( incremental payment from fountain valley )
las vegas 90 % $ 2 mm ( incremental earnings which we can book on closure - 8 / 31 / 01 )
3 . ecr
eex vpp 50 % $ 5 mm ( issues - ( i ) 3 rd party equity ( ii ) credit wrap in insurance market
4 . gas
cms 75 % $ 1 mm
5 . canada
cnr 60 % $ 1 . 5 mm
6 . mexico
vitro 80 % $ 14 mm
7 . negatives
[ kitchen , louise ] new albany ( $ 1 . 1 mm ) repairs to plant pre sale
hpl already in the summary but will come in ( $ 7 . 6 mm ) below their budget on an annual basis
bridgeline probably ( $ 13 . 8 - $ 17 mm ) to come in ( ( $ 2 mm ) depreciation , ( $ 5 mm ) accounting errors , ( $ 10 mm in underperformance )
quarter 4
longview 1 % for q 3 / 70 % for q 4 $ 15 mm - $ 25 mm ( promote from sale ) | 0 | ham | fw : | q 3 - above 50 % probability deals over $ 1 mm . total below : $ 72 . 2 mm
1 . east power
cornhusker 75 % $ 5 mm - $ 6 . 5 mm ( el paso has until 7 th september to complete the gp , number to book depends on working capital distribution )
wind 95 % $ 35 mm ( $ 35 mm in hedges - working with wes ' s team , looking to book this 9 / 24 / 01 when san antonio comes back on contract reassignment )
aes 95 % $ 2 mm ( milestone payment from aes on haywood )
calvert city 5 % $ 1 mm ( site sale )
2 . west power
saguaro 50 % $ 1 mm ( nrg closing other 50 % from edison and will complete ours after that - due 9 / 15 / 01 )
psco 100 % $ 4 . 7 mm ( incremental payment from fountain valley )
las vegas 90 % $ 2 mm ( incremental earnings which we can book on closure - 8 / 31 / 01 )
3 . ecr
eex vpp 50 % $ 5 mm ( issues - ( i ) 3 rd party equity ( ii ) credit wrap in insurance market
4 . gas
cms 75 % $ 1 mm
5 . canada
cnr 60 % $ 1 . 5 mm
6 . mexico
vitro 80 % $ 14 mm
7 . negatives
[ kitchen , louise ] new albany ( $ 1 . 1 mm ) repairs to plant pre sale
hpl already in the summary but will come in ( $ 7 . 6 mm ) below their budget on an annual basis
bridgeline probably ( $ 13 . 8 - $ 17 mm ) to come in ( ( $ 2 mm ) depreciation , ( $ 5 mm ) accounting errors , ( $ 10 mm in underperformance )
quarter 4
longview 1 % for q 3 / 70 % for q 4 $ 15 mm - $ 25 mm ( promote from sale ) | 2001-08-28T00:00:00 |
3,197 | hpl nom for may 8 , 2001 ( see attached file : hplno 508 . xls )
- hplno 508 . xls | 0 | ham | hpl nom for may 8 , 2001 | ( see attached file : hplno 508 . xls )
- hplno 508 . xls | 2001-05-07T00:00:00 |
7,626 | marketpoint license agreement john / vince :
i really enjoyed the meeting the other day with you and a broad cross
section of your people . thank you very much for setting it up , and thank
you for giving me the opportunity to speak with your people .
as i mentioned to john , i am sending you the license paperwork for
marketpoint . i have attached our standard license agreement for your
consideration . as i mentioned , the license agreement covers the entire
bundled product , which includes
? north american gas , short and long term
? north american electricity , short and long term
? world gas
? western european gas
? world oil
we are just finishing porting the world oil , world gas , and western european
gas models over from our old ( now obsolete ) software system into
marketpoint , so they will not be fully tested and complete for a couple of
months . however , the gas and electricity models for north america are
presently complete and tested . that should allow us to give you an
attractive price before the full worldwide toolkit is available throughout
your worldwide business .
as i understood it , you will want the gas modeling capability first and will
want to defer decisions on electric or other capability . as i mentioned at
the meeting , we are prepared to offer that for approximately
the fully
bundled price . as you read the license agreement , you will see that the
software licenses for $ 100 , 000 annually , the gas data for $ 5 , 000 , and the
electric data for $ 10 , 000 . marketpoint will agree to license you the gas
model plus the data for
the software license plus the data license for a
total of $ 55 , 000 annually . this is just under
the fully bundled price . i
think that is consistent with the discussions at our meeting , and from
marketpoint , s perspective would provide a great basis to move forward
together with enron . if or when enron ever desires to & scale up 8 to another
model or model ( s ) from the marketpoint portfolio , we will simply scale you
up to the entire license agreement . this will allow you to decouple the gas
decision from any other decisions you might make . ( i will be glad to put
this additional pricing provision into the agreement if you decide to move
forward . )
i felt i was able to communicate the philosophy , scope , and operation of our
approach during the meeting and to deliver you much of the information you
might need to evaluate whether marketpoint meets your needs . i thought you
were able to see the depth and sophistication of the product yet at the same
time its simplicity and effectiveness . i thought you were able to see the
benefits of the marketpoint dimension of economic equilibrium as a
complement and supplement to other approaches you will assuredly use . i
would be interested in your impressions and those of your colleagues . i
look forward to your response and to moving ahead together . we view you as
a very important prospective customer and client and will work with you to
earn and secure your business .
if you decide to license marketpoint , we can arrange to transfer and mount
marketpoint and the short term narg model ( which is the model we suggest you
begin with ) and travel to houston to deliver our 1
day training seminar .
our clients are usually very fluent after that 1
day training seminar .
thereafter , we would want you to work with the short term narg model for a
few weeks while you get up to speed , very fluent , and very comfortable
before you take delivery of the longer term version of narg several weeks
later .
thanks again , and all the best . if there is some item from the meeting that
i might have forgotten to send , please remind me . my notes don ' t show
anything , but i was speaking a lot rather than writing notes during the
meeting and might have overlooked something someone wanted .
dale nesbitt
president
marketpoint inc .
27121 adonna ct .
los altos hills , ca 94022
( 650 ) 218 - 3069
dale . nesbitt @ marketpointinc . com
- license . doc | 0 | ham | marketpoint license agreement | john / vince :
i really enjoyed the meeting the other day with you and a broad cross
section of your people . thank you very much for setting it up , and thank
you for giving me the opportunity to speak with your people .
as i mentioned to john , i am sending you the license paperwork for
marketpoint . i have attached our standard license agreement for your
consideration . as i mentioned , the license agreement covers the entire
bundled product , which includes
? north american gas , short and long term
? north american electricity , short and long term
? world gas
? western european gas
? world oil
we are just finishing porting the world oil , world gas , and western european
gas models over from our old ( now obsolete ) software system into
marketpoint , so they will not be fully tested and complete for a couple of
months . however , the gas and electricity models for north america are
presently complete and tested . that should allow us to give you an
attractive price before the full worldwide toolkit is available throughout
your worldwide business .
as i understood it , you will want the gas modeling capability first and will
want to defer decisions on electric or other capability . as i mentioned at
the meeting , we are prepared to offer that for approximately
the fully
bundled price . as you read the license agreement , you will see that the
software licenses for $ 100 , 000 annually , the gas data for $ 5 , 000 , and the
electric data for $ 10 , 000 . marketpoint will agree to license you the gas
model plus the data for
the software license plus the data license for a
total of $ 55 , 000 annually . this is just under
the fully bundled price . i
think that is consistent with the discussions at our meeting , and from
marketpoint , s perspective would provide a great basis to move forward
together with enron . if or when enron ever desires to & scale up 8 to another
model or model ( s ) from the marketpoint portfolio , we will simply scale you
up to the entire license agreement . this will allow you to decouple the gas
decision from any other decisions you might make . ( i will be glad to put
this additional pricing provision into the agreement if you decide to move
forward . )
i felt i was able to communicate the philosophy , scope , and operation of our
approach during the meeting and to deliver you much of the information you
might need to evaluate whether marketpoint meets your needs . i thought you
were able to see the depth and sophistication of the product yet at the same
time its simplicity and effectiveness . i thought you were able to see the
benefits of the marketpoint dimension of economic equilibrium as a
complement and supplement to other approaches you will assuredly use . i
would be interested in your impressions and those of your colleagues . i
look forward to your response and to moving ahead together . we view you as
a very important prospective customer and client and will work with you to
earn and secure your business .
if you decide to license marketpoint , we can arrange to transfer and mount
marketpoint and the short term narg model ( which is the model we suggest you
begin with ) and travel to houston to deliver our 1
day training seminar .
our clients are usually very fluent after that 1
day training seminar .
thereafter , we would want you to work with the short term narg model for a
few weeks while you get up to speed , very fluent , and very comfortable
before you take delivery of the longer term version of narg several weeks
later .
thanks again , and all the best . if there is some item from the meeting that
i might have forgotten to send , please remind me . my notes don ' t show
anything , but i was speaking a lot rather than writing notes during the
meeting and might have overlooked something someone wanted .
dale nesbitt
president
marketpoint inc .
27121 adonna ct .
los altos hills , ca 94022
( 650 ) 218 - 3069
dale . nesbitt @ marketpointinc . com
- license . doc | 2000-11-13T00:00:00 |
17,605 | start date : 1 / 4 / 02 ; hourahead hour : 24 ; start date : 1 / 4 / 02 ; hourahead hour : 24 ; no ancillary schedules awarded . variances detected .
variances detected in load schedule .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002010424 . txt
- - - - load schedule - - - -
$ $ $ variance found in table tblloads .
details : ( hour : 24 / preferred : 118 . 26 / final : 118 . 23 )
trans _ type : final
load _ id : sdgl
mkt _ type : 2
trans _ date : 1 / 4 / 02
sc _ id : enrj | 0 | ham | start date : 1 / 4 / 02 ; hourahead hour : 24 ; | start date : 1 / 4 / 02 ; hourahead hour : 24 ; no ancillary schedules awarded . variances detected .
variances detected in load schedule .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002010424 . txt
- - - - load schedule - - - -
$ $ $ variance found in table tblloads .
details : ( hour : 24 / preferred : 118 . 26 / final : 118 . 23 )
trans _ type : final
load _ id : sdgl
mkt _ type : 2
trans _ date : 1 / 4 / 02
sc _ id : enrj | 2002-01-05T00:00:00 |
19,872 | re : re : good the museum of the faculty of medicine of paris possesses one of these defensive weapons , two yards and a quarter in length , and fifteen inches in diameter at the base
no msg
the right of the people to be secure in their persons , houses , papers , and effects , against unreasonable searches and seizures , shall not be violated , and no warrants shall issue , but upon probable cause , supported by oath or affirmation , and particularly describing the place to be searched , and the persons or things to be seized ? the privilege of the writ of habeas corpus shall not be suspended , unless when in cases of rebellion or invasion the public safety may require it ? | 1 | spam | re : re : good | the museum of the faculty of medicine of paris possesses one of these defensive weapons , two yards and a quarter in length , and fifteen inches in diameter at the base
no msg
the right of the people to be secure in their persons , houses , papers , and effects , against unreasonable searches and seizures , shall not be violated , and no warrants shall issue , but upon probable cause , supported by oath or affirmation , and particularly describing the place to be searched , and the persons or things to be seized ? the privilege of the writ of habeas corpus shall not be suspended , unless when in cases of rebellion or invasion the public safety may require it ? | 2004-09-21T00:00:00 |
11,730 | gtv weekly status update gtv status meeting attendees : dave nommensen , francis lim , jeremy wong , bill fortney , nayan dattani , russ severson , narasim kasaru , mike swaim , chuck ames , geoff storey
accomplishments :
? incorporating physcial deal positions in tds :
o changes for the view aggregation have been completed ( please see the attached project timeline ) .
o provided group of groups and filters for cash position tab .
? single point of deal entry for term deals :
o single point of deal entry is in user test .
? gas daily deals :
o changes to portcalc application to create gdi calc in erms are in user testing .
? live feeds for gas daily / intra - month curves :
o development of live feeds has been completed , tested , user - approved and already in production .
? option grid ( phase 2 ) :
o conversion from motif into powerbuilder is completed and in user test .
? gas daily options :
o changes to portcalc application have been completed and are in user test .
plans for the week ending 5 / 11 / 01 :
? continue it development of phase i items .
o exclude cash deals outside of prompt day ( s )
o need to include first month of " n " in both idx and cash positions .
o gdi portcalc needs to use pice + basis after " m " is published .
o deal entry corrections being made for mapping rate index to pub code .
o include cash position total column on position manager tab
? continue it development of phase 2 issues .
issues / open items :
? how to determine fixed price total in cash position .
? extent of programming revisions and user testing could cause user acceptance to occur after may bid week , thus delaying rollout until mid - june .
thanks , dave n . | 0 | ham | gtv weekly status update | gtv status meeting attendees : dave nommensen , francis lim , jeremy wong , bill fortney , nayan dattani , russ severson , narasim kasaru , mike swaim , chuck ames , geoff storey
accomplishments :
? incorporating physcial deal positions in tds :
o changes for the view aggregation have been completed ( please see the attached project timeline ) .
o provided group of groups and filters for cash position tab .
? single point of deal entry for term deals :
o single point of deal entry is in user test .
? gas daily deals :
o changes to portcalc application to create gdi calc in erms are in user testing .
? live feeds for gas daily / intra - month curves :
o development of live feeds has been completed , tested , user - approved and already in production .
? option grid ( phase 2 ) :
o conversion from motif into powerbuilder is completed and in user test .
? gas daily options :
o changes to portcalc application have been completed and are in user test .
plans for the week ending 5 / 11 / 01 :
? continue it development of phase i items .
o exclude cash deals outside of prompt day ( s )
o need to include first month of " n " in both idx and cash positions .
o gdi portcalc needs to use pice + basis after " m " is published .
o deal entry corrections being made for mapping rate index to pub code .
o include cash position total column on position manager tab
? continue it development of phase 2 issues .
issues / open items :
? how to determine fixed price total in cash position .
? extent of programming revisions and user testing could cause user acceptance to occur after may bid week , thus delaying rollout until mid - june .
thanks , dave n . | 2001-05-08T00:00:00 |
23,426 | oct . 17 rrc letter re continuing audit violations i ' ll keep you posted .
thanks
bob
- - - - - - - - - - - - - - - - - - - - - - forwarded by bob m hall / na / enron on 10 / 20 / 2000 04 : 53
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : tom shelton @ ect 10 / 20 / 2000 02 : 29 pm
to : michael eiben / hou / ect @ ect , karry kendall / hou / ect @ ect , cassandra
pollack / corp / enron @ enron , jim pond / corp / enron @ enron , becky pitre / hou / ect @ ect ,
jim coffey / hou / ect @ ect , irene flynn / hou / ect @ ect , bob m hall / na / enron @ enron ,
mary cook / hou / ect @ ect , julia h chin / na / enron @ enron , troy klussmann / hou / ect @ ect
cc : steve hpl schneider / hou / ect @ ect
subject : oct . 17 rrc letter re continuing audit violations
i just received a letter from ed abrahamson at the railroad commission ,
asserting that we have still not fully corrected or explained all of the
audit violations they previously alleged . i will have delivered to each of
you this afternoon a copy of the letter , to which we must respond by october
27 . the tone of the letter indicates some frustration on the audit staff ' s
part , and it will behoove us to try to get the remaining matters resolved
promptly .
i will be out of town monday , but i will have my assistant , monica jackson ,
set up a meeting for tuesday afternoon to discuss how we are going to satisfy
the commission regarding the remaining exceptions . in the meantime , please
carefully review each item and commence doing whatever needs to be done to be
in a position to finalize our response by october 26 , thursday of next week .
i think some of the fixes will be fairly easy , but others will be more
problematic . please provide this memo and a copy of the letter to anyone who
should be aware or involved . | 0 | ham | oct . 17 rrc letter re continuing audit violations | i ' ll keep you posted .
thanks
bob
- - - - - - - - - - - - - - - - - - - - - - forwarded by bob m hall / na / enron on 10 / 20 / 2000 04 : 53
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : tom shelton @ ect 10 / 20 / 2000 02 : 29 pm
to : michael eiben / hou / ect @ ect , karry kendall / hou / ect @ ect , cassandra
pollack / corp / enron @ enron , jim pond / corp / enron @ enron , becky pitre / hou / ect @ ect ,
jim coffey / hou / ect @ ect , irene flynn / hou / ect @ ect , bob m hall / na / enron @ enron ,
mary cook / hou / ect @ ect , julia h chin / na / enron @ enron , troy klussmann / hou / ect @ ect
cc : steve hpl schneider / hou / ect @ ect
subject : oct . 17 rrc letter re continuing audit violations
i just received a letter from ed abrahamson at the railroad commission ,
asserting that we have still not fully corrected or explained all of the
audit violations they previously alleged . i will have delivered to each of
you this afternoon a copy of the letter , to which we must respond by october
27 . the tone of the letter indicates some frustration on the audit staff ' s
part , and it will behoove us to try to get the remaining matters resolved
promptly .
i will be out of town monday , but i will have my assistant , monica jackson ,
set up a meeting for tuesday afternoon to discuss how we are going to satisfy
the commission regarding the remaining exceptions . in the meantime , please
carefully review each item and commence doing whatever needs to be done to be
in a position to finalize our response by october 26 , thursday of next week .
i think some of the fixes will be fairly easy , but others will be more
problematic . please provide this memo and a copy of the letter to anyone who
should be aware or involved . | 2000-10-20T00:00:00 |
10,141 | in the heart of your business ! corporate image can say a lot of things about your
company . contemporary rhythm of life is too dynamic . sometimes it takes only
several seconds for your company to be remembered or to be lost amonq
competitors . get your ioqo , business stationery or website done riqht
now ! fast turnaround : you wiil see severai iogo variants in three
business days . satisfaction guaranteed : we provide uniimited amount of
changes ; you can be sure : it wili meet your needsand fit your
business . fiexible discounts : iogo improvement , additional formats , buik
orders , special packages . creative design for competitive price : have a look at it right
now ! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 1 | spam | in the heart of your business ! | corporate image can say a lot of things about your
company . contemporary rhythm of life is too dynamic . sometimes it takes only
several seconds for your company to be remembered or to be lost amonq
competitors . get your ioqo , business stationery or website done riqht
now ! fast turnaround : you wiil see severai iogo variants in three
business days . satisfaction guaranteed : we provide uniimited amount of
changes ; you can be sure : it wili meet your needsand fit your
business . fiexible discounts : iogo improvement , additional formats , buik
orders , special packages . creative design for competitive price : have a look at it right
now ! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ | 2005-06-24T00:00:00 |
29,865 | ( no subject ) hello , 640 k ought to be enough ram for anybody .
one who doubts nothing , knows nothing . | 1 | spam | ( no subject ) | hello , 640 k ought to be enough ram for anybody .
one who doubts nothing , knows nothing .
| 2004-10-02T00:00:00 |
32,421 | featured profile - no spin or agenda , just the facts wysak petroleum ( wysk )
current price : 0 . 165
apr 25 , 2 oo 5 - - wysak petroieum is pleased to report that due diiigence is nearly compiete in regards to the company ' s further planned | eases in the wyoming oil region . management anticipates further news wil | be forthcoming shortly and wi | | report on developments as they occur .
targets inciude properties in the powder river basin region and western wyoming ' s green river basin . acquisition of energy producing assets has always been the core objective of wysak ' s expansion strategy . wysak wil | strategicaliy purchase | eases in know and proven oil they include exxonmobiie , wiliiams gas and western gas , among others .
about wyoming oi | & gas and coalbed methane ( cbm )
wyoming state has bi | | ions of doilars in proven oi | and gas reserves . in 2002 , wyoming ranked second in the u . s . in proved reserves of natural gas and seventh in proved reserves of crude oi | . coilectiveiy over 26 , 0 oo wells produced 54 . 7 mi | | ion barrels of oil and 1 . 75 triilion cubic feet of natural gas . proved reserves of natura | gas were at an al | - time high of 18 . 4 triilion cubic feet , whiie proved reserves of crude oi | were 489 miilion barreis .
reserves of cbm in the powder river basin are estimated at 31 . 8 tri | | ion cubic feet . nearly loo wells are being dri | | ed each week , and the gas companies say the entire 8 million - acre basin could have 5 o , ooo to 10 o , 000 producing weils before they are finished . this is the largest onshore natural gas piay in north america within the last ten years .
about wysak petroleum
wysak is a diversified energy company whose goa | is to identify and develop
traditiona | fossil fuel sites , as well as clean air alternative energy producing
technologies . wysak controis one wyoming federal oil they include exxonmobile ( xom ) , wi | | iams gas ( wmb ) ,
and western gas ( wgr ) among others . coliectively , over 26 , ooo we | | s produced
54 . 7 mi | | ion barreis of oil and 1 . 75 triilion cubic feet of natura | gas in
wyoming
conciusion :
the examples above show the awesome , earning potentia | of little known companies that explode onto investor ' s radar screens ; many of you are already famiiiar with this . is wysk poised and positioned to do that for you ? then you may feel the time has come to act . . . and piease watch this one trade friday ! go wysk .
penny stocks are considered highiy specuiative and may be unsuitable for al | but very aggressive investors . this profile is not in any way affiliated with the featured company . we were compensated 3 ooo do | | ars to distribute this report . this report is for entertainment and advertising purposes only and should not be used as investment advice .
if you wish to stop future maiiings , or if you fee | you have been
wrongfu | | y piaced in our membership , piease go here or send a biank
e mail with no thanks in the subject to
noneedl 003 @ yahoo . com | 1 | spam | featured profile - no spin or agenda , just the facts | wysak petroleum ( wysk )
current price : 0 . 165
apr 25 , 2 oo 5 - - wysak petroieum is pleased to report that due diiigence is nearly compiete in regards to the company ' s further planned | eases in the wyoming oil region . management anticipates further news wil | be forthcoming shortly and wi | | report on developments as they occur .
targets inciude properties in the powder river basin region and western wyoming ' s green river basin . acquisition of energy producing assets has always been the core objective of wysak ' s expansion strategy . wysak wil | strategicaliy purchase | eases in know and proven oil they include exxonmobiie , wiliiams gas and western gas , among others .
about wyoming oi | & gas and coalbed methane ( cbm )
wyoming state has bi | | ions of doilars in proven oi | and gas reserves . in 2002 , wyoming ranked second in the u . s . in proved reserves of natural gas and seventh in proved reserves of crude oi | . coilectiveiy over 26 , 0 oo wells produced 54 . 7 mi | | ion barrels of oil and 1 . 75 triilion cubic feet of natural gas . proved reserves of natura | gas were at an al | - time high of 18 . 4 triilion cubic feet , whiie proved reserves of crude oi | were 489 miilion barreis .
reserves of cbm in the powder river basin are estimated at 31 . 8 tri | | ion cubic feet . nearly loo wells are being dri | | ed each week , and the gas companies say the entire 8 million - acre basin could have 5 o , ooo to 10 o , 000 producing weils before they are finished . this is the largest onshore natural gas piay in north america within the last ten years .
about wysak petroleum
wysak is a diversified energy company whose goa | is to identify and develop
traditiona | fossil fuel sites , as well as clean air alternative energy producing
technologies . wysak controis one wyoming federal oil they include exxonmobile ( xom ) , wi | | iams gas ( wmb ) ,
and western gas ( wgr ) among others . coliectively , over 26 , ooo we | | s produced
54 . 7 mi | | ion barreis of oil and 1 . 75 triilion cubic feet of natura | gas in
wyoming
conciusion :
the examples above show the awesome , earning potentia | of little known companies that explode onto investor ' s radar screens ; many of you are already famiiiar with this . is wysk poised and positioned to do that for you ? then you may feel the time has come to act . . . and piease watch this one trade friday ! go wysk .
penny stocks are considered highiy specuiative and may be unsuitable for al | but very aggressive investors . this profile is not in any way affiliated with the featured company . we were compensated 3 ooo do | | ars to distribute this report . this report is for entertainment and advertising purposes only and should not be used as investment advice .
if you wish to stop future maiiings , or if you fee | you have been
wrongfu | | y piaced in our membership , piease go here or send a biank
e mail with no thanks in the subject to
noneedl 003 @ yahoo . com | 2005-04-06T00:00:00 |
3,035 | calpine daily gas nomination >
ricky a . archer
fuel supply
700 louisiana , suite 2700
houston , texas 77002
713 - 830 - 8659 direct
713 - 830 - 8722 fax
- calpine daily gas nomination 1 . doc | 0 | ham | calpine daily gas nomination | >
ricky a . archer
fuel supply
700 louisiana , suite 2700
houston , texas 77002
713 - 830 - 8659 direct
713 - 830 - 8722 fax
- calpine daily gas nomination 1 . doc | 2001-04-09T00:00:00 |
30,008 | economic optimism breeds a bull market wall street oil report
soaring oil issues for immediate profits
all - time record highs for oil are padding oil company profits .
focus your attention on erhc - joint ownership of offshore billion
barrel oil blocks with exxonmobil , joint venture agreements with
major nyse oil leaders !
grab this hot oil play with guaranteed billion barrel blocks being
awarded within days .
environmental remediation holding corp . otcbb - erhc
current price . 40
target for october 1 . 25
what is an oil stock worth with guaranteed preferential rights to
billions of barrels of oil in the hottest offshore zone in west
africa ? oil prices were pushing through $ 40 just 5 months ago , now
the $ 50 barrier has been shattered . read the headlines lately ? oil
prices are expected to continue climbing .
serious attention has turned to a group of 9 offshore oil blocks in
west africa where schlumberger slb - $ 69 , the world leader in reservoir
imaging services , has validated recoverable reserves at over 14
billion barrels . this is worth hundreds of billions no matter what
formula is applied . this would explain why chevrontexaco and exxonmobil
paid over 120 million to win operatorship of block 1 .
erhc has very strong percentages of 6 of the remaining blocks to be
awarded along with exxonmobil and 2 other nyse super - majors that have
partnered with erhc . erhc has signed a partnership agreement with
pioneer natural resources pxd - $ 35 in block 2 , and noble energy nbl - $ 60
in block 4 . estimates amongst the international press covering these
events point to erhc and their respective partners capturing between
50 % and 75 % of both blocks 2 and 4 . the awards for these blocks are
expected to be finalized any day . the value of these awards in
conjunction with international press coverage is the sudden impact
needed to set erhc shares on fire !
any oil issue with events of this magnitude in today ' s climate is going
to fly . read the press for additional confirmation of what is at stake .
erhc ' s rights have been exercised by the company and are guaranteed .
erhc ' s partnership agreements with oil super - majors are iron - clad .
investors must act quickly to accumulate a substantial position just
before earth - shattering news is released that will send shockwaves
through erhc .
disclosure : the information and opinions in this featured profile are
based on sources believed to be reliable but no representation is made
to its accuracy or completeness . past performance is not an indicator
of future results . this report is a paid profile for information purposes
only and should not be used as the basis for any investment decision .
the publisher has been compensated ten thousand dollars for the preparation
of this profile and for continuing coverage of the featured company . the
publisher is not an investment advisor and this profile is not to be
considered investment advice . this information is neither a solicitation
to buy nor an offer to sell securities . information herein contains future -
looking statements that are subject to significant risks and uncertainties .
there are no shares presently held and no participation will occur in the
trading of shares in any profiled company . | 1 | spam | economic optimism breeds a bull market | wall street oil report
soaring oil issues for immediate profits
all - time record highs for oil are padding oil company profits .
focus your attention on erhc - joint ownership of offshore billion
barrel oil blocks with exxonmobil , joint venture agreements with
major nyse oil leaders !
grab this hot oil play with guaranteed billion barrel blocks being
awarded within days .
environmental remediation holding corp . otcbb - erhc
current price . 40
target for october 1 . 25
what is an oil stock worth with guaranteed preferential rights to
billions of barrels of oil in the hottest offshore zone in west
africa ? oil prices were pushing through $ 40 just 5 months ago , now
the $ 50 barrier has been shattered . read the headlines lately ? oil
prices are expected to continue climbing .
serious attention has turned to a group of 9 offshore oil blocks in
west africa where schlumberger slb - $ 69 , the world leader in reservoir
imaging services , has validated recoverable reserves at over 14
billion barrels . this is worth hundreds of billions no matter what
formula is applied . this would explain why chevrontexaco and exxonmobil
paid over 120 million to win operatorship of block 1 .
erhc has very strong percentages of 6 of the remaining blocks to be
awarded along with exxonmobil and 2 other nyse super - majors that have
partnered with erhc . erhc has signed a partnership agreement with
pioneer natural resources pxd - $ 35 in block 2 , and noble energy nbl - $ 60
in block 4 . estimates amongst the international press covering these
events point to erhc and their respective partners capturing between
50 % and 75 % of both blocks 2 and 4 . the awards for these blocks are
expected to be finalized any day . the value of these awards in
conjunction with international press coverage is the sudden impact
needed to set erhc shares on fire !
any oil issue with events of this magnitude in today ' s climate is going
to fly . read the press for additional confirmation of what is at stake .
erhc ' s rights have been exercised by the company and are guaranteed .
erhc ' s partnership agreements with oil super - majors are iron - clad .
investors must act quickly to accumulate a substantial position just
before earth - shattering news is released that will send shockwaves
through erhc .
disclosure : the information and opinions in this featured profile are
based on sources believed to be reliable but no representation is made
to its accuracy or completeness . past performance is not an indicator
of future results . this report is a paid profile for information purposes
only and should not be used as the basis for any investment decision .
the publisher has been compensated ten thousand dollars for the preparation
of this profile and for continuing coverage of the featured company . the
publisher is not an investment advisor and this profile is not to be
considered investment advice . this information is neither a solicitation
to buy nor an offer to sell securities . information herein contains future -
looking statements that are subject to significant risks and uncertainties .
there are no shares presently held and no participation will occur in the
trading of shares in any profiled company .
| 2004-10-16T00:00:00 |
27,995 | customer meeting attendance as of 3 : 00 p today , monday , september 18 , i have received the following
responses :
theresa murry w / texaco will not be able to attend
tommy thompson will not be able to attend
penny barry will not be able to attend
elsa johnston w / usgt will attend and activity sheet returned
carla johnson will attend and activity sheet returned
ed meadors w / red cedar will attend , no activity sheet returned
tom carlson will attend , no activity sheet returned
we would like to get responses back as soon as possible ( with activity
sheets ) . please take some time out to check on your customers .
adr | 0 | ham | customer meeting attendance | as of 3 : 00 p today , monday , september 18 , i have received the following
responses :
theresa murry w / texaco will not be able to attend
tommy thompson will not be able to attend
penny barry will not be able to attend
elsa johnston w / usgt will attend and activity sheet returned
carla johnson will attend and activity sheet returned
ed meadors w / red cedar will attend , no activity sheet returned
tom carlson will attend , no activity sheet returned
we would like to get responses back as soon as possible ( with activity
sheets ) . please take some time out to check on your customers .
adr | 2000-09-18T00:00:00 |
1,223 | new version of stack manager introduction
in response to feedback received from enron traders worldwide , we have
upgraded and improved the stack manager to include new functionality which we
hope will improve its effectiveness and usefulness in the management of your
products .
this new release will be automatically installed within the next few days .
please ensure you log out at night in order to receive the upgrade .
summary of new features
multiple children - a " child " product can be the " parent " of another child
( multiple links in a chain ) and different types of links can be placed
against a single parent .
static product bar prices - when you change a price in the product bar and
hit the " + " or " - " button , the price stays - it does not reset to the amount
in product properties until you logout .
sorting - you can sort by any field on the products tab simply by clicking on
the title of the field . for multiple sorts , hold down your " shift " key .
parent products which are at the top of a stack do not have their basis
relationship identified . ( e . g . the product bar might before have said : " basis
link - parent " and now would say " stand alone , parent " ) .
detailed feature descriptions
multiple children
the new version of enrononline allows you to link several products together
in a long chain . for example , child product a can be linked to parent product
b , which is in turn linked to parent product c .
warning : although there is no absolute limit to the number of links in a
chain , system performance is degraded by large chains . this is because when a
customer attempts a transaction , the database must " lock " each and every
product in the chain before it can process the transaction request . the
database must then update the stack for each product before releasing the
locks . " vertical " chains ( multiple parents and children in one long link ) are
much slower to process than " flat " chains ( one parent with many children ) .
large vertical chains should be avoided .
related to this feature is the ability to have several types of links on the
same parent . for example , child product a can have a basis link to parent
product b . at the same time , child product c can have a syncopated basis link
to the same parent product b . parent b is the parent for both a syncopated
basis link and a regular basis link .
static product bar prices
the new version of enrononline provides for " sticky " product bar price and
volume changes . when you change a number on the product bar , it does not
reset to the number contained in the product properties menu until after you
have logged out . this makes it easier to update prices , volumes , spreads or
offsets in a changing market without repeated hits to the " + " or " - " buttons .
one of the benefits of setting these numbers to appropriate levels is that it
reduces repeated price movements . with the old version of stack manager , if
the price delta was too small , traders would often repeatedly hit the price
movement buttons . each of these price changes must be communicated across the
website to customers and consumes valuable bandwidth . this makes it harder
for customers to transact with us - each time they try , a new price update
moves the price , resulting in an increased transaction failure rate . entering
an appropriate price into the price delta field and then pressing the price
movement button means that fewer ( but larger ) price movements are necessary ,
improving overall system response and reducing customer transaction failure
rate .
you may also notice a new addition to the product bar prices - a new field
for offset to last trade . this allows you to update the offset for products
which have offset to last trade selected from the product properties menu .
sorting / selecting
the new version of enrononline provide significant additional sorting
functionality over the old . you can now choose any field heading ( type ,
location , reference period , etc . ) and sort by that item . you can do multiple
sorts by holding down the shift key . example : if you select type and then
location while holding the shift key , you will see your products sorted first
by product type and then within each product type , by location ( in
alphabetical order ) .
if you right click on the product menu , you can choose from the same sort
criteria , plus you can select " sort by web order " , which allows you to see
your products in the same order as they would appear to a customer on the
website ( note however , that a customer on the website might be also seeing a
number of products in addition to the ones you are managing ) .
when you select products , you can drag your mouse while holding down the left
mouse button as always , but now you can also hold down the key while
making your selections . this allows you to highlight products which are not
necessarily adjacent to one another .
parent products and f / x products
one of the differences in the way that the new version works is in its
treatment of how parent products are displayed . the old version showed the
type of link associated with the parent in the product bar ( to the left of
the main product bar update buttons above the products tabs ) . the new version
does not show the type of link . this is because the new version allows for
more than one type of link on each parent product .
some traders may notice that their products which have f / x links are now
identified with a stylised " fx " in the product list . this is to enable easy
identification of products which are run as a foreign exchange link to the
parent , rather than managed individually .
assistance
as always , if you have any problems with any enrononline functionality ,
please contact the 24 hour help desk ( houston : 713 853 4357 , london : + 44 ( 0 )
20 7783 7783 , australia : + 61 2 9229 2300 ) .
general feedback
if you have any comments on the new functionality , or suggestions for further
functionality , please call david forster on 713 853 1861 . if you had
previously suggested new functionality which didn ' t make it into this
release , rest assured that you have not been forgotten - we are working hard
to improve all elements of enrononline and will try to incorporate your
requests into the next release of the enrononline stack manager . | 0 | ham | new version of stack manager | introduction
in response to feedback received from enron traders worldwide , we have
upgraded and improved the stack manager to include new functionality which we
hope will improve its effectiveness and usefulness in the management of your
products .
this new release will be automatically installed within the next few days .
please ensure you log out at night in order to receive the upgrade .
summary of new features
multiple children - a " child " product can be the " parent " of another child
( multiple links in a chain ) and different types of links can be placed
against a single parent .
static product bar prices - when you change a price in the product bar and
hit the " + " or " - " button , the price stays - it does not reset to the amount
in product properties until you logout .
sorting - you can sort by any field on the products tab simply by clicking on
the title of the field . for multiple sorts , hold down your " shift " key .
parent products which are at the top of a stack do not have their basis
relationship identified . ( e . g . the product bar might before have said : " basis
link - parent " and now would say " stand alone , parent " ) .
detailed feature descriptions
multiple children
the new version of enrononline allows you to link several products together
in a long chain . for example , child product a can be linked to parent product
b , which is in turn linked to parent product c .
warning : although there is no absolute limit to the number of links in a
chain , system performance is degraded by large chains . this is because when a
customer attempts a transaction , the database must " lock " each and every
product in the chain before it can process the transaction request . the
database must then update the stack for each product before releasing the
locks . " vertical " chains ( multiple parents and children in one long link ) are
much slower to process than " flat " chains ( one parent with many children ) .
large vertical chains should be avoided .
related to this feature is the ability to have several types of links on the
same parent . for example , child product a can have a basis link to parent
product b . at the same time , child product c can have a syncopated basis link
to the same parent product b . parent b is the parent for both a syncopated
basis link and a regular basis link .
static product bar prices
the new version of enrononline provides for " sticky " product bar price and
volume changes . when you change a number on the product bar , it does not
reset to the number contained in the product properties menu until after you
have logged out . this makes it easier to update prices , volumes , spreads or
offsets in a changing market without repeated hits to the " + " or " - " buttons .
one of the benefits of setting these numbers to appropriate levels is that it
reduces repeated price movements . with the old version of stack manager , if
the price delta was too small , traders would often repeatedly hit the price
movement buttons . each of these price changes must be communicated across the
website to customers and consumes valuable bandwidth . this makes it harder
for customers to transact with us - each time they try , a new price update
moves the price , resulting in an increased transaction failure rate . entering
an appropriate price into the price delta field and then pressing the price
movement button means that fewer ( but larger ) price movements are necessary ,
improving overall system response and reducing customer transaction failure
rate .
you may also notice a new addition to the product bar prices - a new field
for offset to last trade . this allows you to update the offset for products
which have offset to last trade selected from the product properties menu .
sorting / selecting
the new version of enrononline provide significant additional sorting
functionality over the old . you can now choose any field heading ( type ,
location , reference period , etc . ) and sort by that item . you can do multiple
sorts by holding down the shift key . example : if you select type and then
location while holding the shift key , you will see your products sorted first
by product type and then within each product type , by location ( in
alphabetical order ) .
if you right click on the product menu , you can choose from the same sort
criteria , plus you can select " sort by web order " , which allows you to see
your products in the same order as they would appear to a customer on the
website ( note however , that a customer on the website might be also seeing a
number of products in addition to the ones you are managing ) .
when you select products , you can drag your mouse while holding down the left
mouse button as always , but now you can also hold down the key while
making your selections . this allows you to highlight products which are not
necessarily adjacent to one another .
parent products and f / x products
one of the differences in the way that the new version works is in its
treatment of how parent products are displayed . the old version showed the
type of link associated with the parent in the product bar ( to the left of
the main product bar update buttons above the products tabs ) . the new version
does not show the type of link . this is because the new version allows for
more than one type of link on each parent product .
some traders may notice that their products which have f / x links are now
identified with a stylised " fx " in the product list . this is to enable easy
identification of products which are run as a foreign exchange link to the
parent , rather than managed individually .
assistance
as always , if you have any problems with any enrononline functionality ,
please contact the 24 hour help desk ( houston : 713 853 4357 , london : + 44 ( 0 )
20 7783 7783 , australia : + 61 2 9229 2300 ) .
general feedback
if you have any comments on the new functionality , or suggestions for further
functionality , please call david forster on 713 853 1861 . if you had
previously suggested new functionality which didn ' t make it into this
release , rest assured that you have not been forgotten - we are working hard
to improve all elements of enrononline and will try to incorporate your
requests into the next release of the enrononline stack manager . | 2000-07-20T00:00:00 |
119 | ua 4 - 1998 daren :
we are currently working to clear some ua 4 issues for 1998 . i am looking
for a valid contract for meter 8740 .
meter 8740
deal # 307062
current k # - 089 - 41500 - 102
volume - 188 . 252
month - sept . 1998
our deadline is tuesday , jan . 18 . please advise which contract this volume
belongs on .
thanks .
aimee | 0 | ham | ua 4 - 1998 | daren :
we are currently working to clear some ua 4 issues for 1998 . i am looking
for a valid contract for meter 8740 .
meter 8740
deal # 307062
current k # - 089 - 41500 - 102
volume - 188 . 252
month - sept . 1998
our deadline is tuesday , jan . 18 . please advise which contract this volume
belongs on .
thanks .
aimee | 2000-01-11T00:00:00 |
13,437 | enron mentions cauley geller bowman & coates , llp announces class action lawsuit against enron corp . on behalf of investors
pr newswire - 10 / 23 / 01
heading up - - - trade body to go ahead with conference in qatar
the toronto star - 10 / 23 / 01
inside money
sec inquiry of enron rattles stock
orlando sentinel - 10 / 23 / 01
enron keeps analysts happy as investors flee : call of the day
bloomberg - 10 / 23 / 01
enron asks citigroup for $ 750 mln loan , people say ( updatel )
bloomberg - 10 / 23 / 01
how enron blew it
texas monthly - november 2001 edition
enron fails to smooth things over
thestreet . com - 10 / 23 / 01
stocks
more static for enron
forbes . com - 10 / 23 / 01
aes says indian state interfering in ops , complains to pm
dow jones international news - 10 / 23 / 01
u . s . - based aes corp . complains about harassment from indian state government
associated press newswires - 10 / 23 / 01
cauley geller bowman & coates , llp announces class action lawsuit against enron corp . on behalf of investors
10 / 23 / 2001
pr newswire
( copyright ( c ) 2001 , pr newswire )
little rock , ark . , oct . 23 / prnewswire / - - the law firm of cauley geller bowman ( ii ) that the company ' s operating results were materially overstated as a result of the company failing to timely write - down the value of its investments with certain limited partnerships which were managed by the company ' s chief financial officer ; and ( iii ) that enron was failing to write - down impaired assets on a timely basis in accordance with gaap . on october 16 , 2001 , enron surprised the market by announcing that the company was taking non - recurring charges of $ 1 . 01 billion after - tax , or ( $ 1 . 11 ) loss per diluted share , in the third quarter of 2001 , the period ending september 30 , 2001 . subsequently , enron revealed that a material portion of the charge related to the unwinding of investments with certain limited partnerships which were controlled by enron ' s chief financial officer and that the company would be eliminating more than $ 1 billion in shareholder equity as a result of its unwinding of the investments . as this news began to be assimilated by the market , the price of enron common stock dropped significantly . during the class period , enron insiders disposed of over $ 73 million of their personally - held enron common stock to unsuspecting investors .
if you bought enron common stock between january 18 , 2000 and october 17 , 2001 , inclusive , and you wish to serve as lead plaintiff , you must move the court no later than december 21 , 2001 . if you are a member of this class , you can join this class action online at http : / / www . classlawyer . com / sign _ up . html . any member of the purported class may move the court to serve as lead plaintiff through cauley geller bowman & coates , llp or other counsel of their choice , or may choose to do nothing and remain an absent class member .
cauley geller bowman & coates , llp has substantial experience representing investors in securities fraud class action lawsuits such as this . the firm has offices in florida , arkansas and california , but represents investors throughout the nation . if you have any questions about how you may be able to recover for your losses , or if you would like to consider serving as one of the lead plaintiffs in this lawsuit , you are encouraged to call or e - mail the firm or visit the firm ' s website at www . classlawyer . com . cauley geller bowman & coates , llp
investor relations department :
jackie addison , sue null or charlie gastineau
p . o . box 25438
little rock , ar 72221 - 5438
toll free : 1 - 888 - 551 - 9944
e - mail : info @ classlawyer . com
contacts : ( for media )
charlie gastineau or sue null
1 - 888 - 551 - 9944
make your opinion count - click here
/ contact : charlie gastineau or sue null of cauley geller bowman & coates , llp , + 1 - 888 - 551 - 9944 / 11 : 37 edt
copyright ? 2000 dow jones ap photo
10 / 23 / 2001
the toronto star
ontario
eo 2
copyright ( c ) 2001 the toronto star
world trade organization chief mike moore says the 142 - country body will go ahead with a key conference in qatar from nov . 9 - 13 that he hopes will give a major boost to the ailing global economy .
the announcement at a news briefing yesterday in doha , qatar , ended weeks of uncertainty over the meeting ' s venue , which had been thrown into question by security fears , mounting international concern over terrorism and a surge of anti - western feeling in muslim countries since the start of u . s . attacks on afghanistan .
" if something seismic or catastrophic happens , we will reconsider , but we are planning to come here in just over two weeks ' time , " moore said .
the focus of the conference will be efforts to launch a new round of negotiations among all member countries to remove many of the remaining barriers to free global trade .
3 m ' s profit sags
minnesota mining & manufacturing co . says third - quarter profit fell 21 per cent as a slumping global economy reduced sales and workforce cuts increased expenses .
profit fell to $ 394 million ( u . s . ) , or 99 cents a share , from $ 499 million , or $ 1 . 25 , in the year - ago quarter . sales fell 7 . 1 per cent to $ 3 . 97 billion from $ 4 . 27 billion , the company added in a statement yesterday .
3 m , which makes products that range from post - it notes to circuit boards , has been eliminating 5 , 000 workers and cutting costs to cope with slowing sales .
copper plunges
copper fell in london yesterday , nearing the lowest price in almost 15 years , on expectations for slowing demand from users such as electronics makers and construction companies .
copper for delivery in three months fell as much as $ 8 ( u . s . ) to $ 1 , 366 a tonne on the london metal exchange , where prices are down 25 per cent this year . a move through the 1999 intraday low of $ 1 , 365 will mark the lowest price since february , 1987 .
enron information sought
houston - based energy - trading giant enron corp . says the u . s . securities and exchange commission has sought information on company transactions with limited partnerships that were managed by an enron senior officer .
in a statement yesterday , enron said it will provide the federal regulatory agency with information in response to an inquiry last week .
the transactions to " hedge certain merchant investments and other assets " took place in 1999 and 2000 , according to enron ' s 2000 annual report , and resulted in a $ 16 million ( u . s . ) pre - tax gain to enron in 1999 and a $ 36 million loss in 2000 .
enron officials declined to provide details about the transactions or name the limited partnerships .
upset investors sent shares of enron down $ 5 . 40 more than 20 per cent to close at $ 20 . 65 in heavy trading in new york .
moulinex takeover okayed
a court in the paris suburb of nanterre has approved a takeover offer by household - appliance maker groupe seb sa for troubled rival moulinex sa .
seb is expected to retain nearly 3 , 500 jobs at moulinex , about half of them in france , the court said yesterday . moulinex has 8 , 800 employees worldwide , almost 5 , 600 of them in france .
seb was to disclose financial details of its offer at a news conference today .
small jets seen on rise
bombardier inc . chief executive robert brown says use of the company ' s regional jets is actually increasing , even though air traffic is down in north america a crushing 30 per cent since the terrorist attacks in the united states .
brown said yesterday he has " anecdotal evidence " that airlines are flying the company ' s 50 - seat jets more often and on more routes because the planes are more efficient than large planes to fly when traffic is light .
the trend has not brought new sales , brown said , but has helped firm up orders for the aircraft that typically take up to more than a year from the date of purchase to delivery .
he was speaking at an opening ceremony for bombardier ' s vast new aircraft - assembly plant in mirabel , que .
aliant shedding jobs
aliant telecom inc . plans to reduce its non - unionized workforce by 140 people , the atlantic region ' s largest phone company said yesterday .
a statement said that 70 of those people will receive retirement packages , but did not indicate when the other 70 employees in nova scotia , new brunswick , prince edward island and newfoundland would lose their jobs or what severance they ' d receive .
swissair planes stand on the tarmac at zurich ' s kloten airport yesterday as switzerland ' s government announced a rescue package totalling 4 . 24 billion swiss francs , or about $ 4 billion ( canadian ) .
copyright ? 2000 dow jones & company , inc . all rights reserved .
money
inside money
sec inquiry of enron rattles stock
associated press
10 / 23 / 2001
orlando sentinel
metro
b 5
( copyright 2001 by the orlando sentinel )
houston - - shares of enron corp . plunged monday after the energy trading giant said the securities and exchange commission had sought information about the company ' s transactions with limited partnerships , which were managed by an enron senior officer .
in a statement , enron said it had provided the regulatory agency with information in response to an inquiry last week .
" we welcome this request , " enron chairman and chief executive officer kenneth l . lay said monday . " we will cooperate fully with the sec and look forward to the opportunity to put any concern about these transactions to rest . "
investors were upset by the news , however , sending shares of enron down $ 5 . 40 to close at $ 20 . 65 on the new york stock exchange .
the transactions took place in 1999 and 2000 , according to houston - based enron ' s 2000 annual report . they resulted in a $ 16 million pre - tax gain to enron in 1999 and a $ 36 million loss in 2000 .
enron officials would not provide details about the transactions or identify the limited partnerships , instead referring questions to a section of the annual report on related party transactions .
" enron entered into transactions with [ limited partnerships ] to hedge certain merchant investments and other assets , " according to the section .
enron spokesman mark palmer said the sec first contacted enron last week and described the request is an " informal inquiry . "
" this is not an investigation , " he said . " we see the request as an opportunity to put this issue behind us . "
sec spokesman john heine said he could not comment on the filings .
the electricity marketer and natural gas provider says both internal and external auditors and attorneys reviewed the arrangements , the company ' s board was fully informed of and approved them , and they were disclosed in the company ' s sec filings .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron keeps analysts happy as investors flee : call of the day
2001 - 10 - 23 17 : 08 ( new york )
enron keeps analysts happy as investors flee : call of the day
new york , oct . 23 ( bloomberg ) - - over lunch in a conference
room at boston ' s four seasons hotel last thursday , enron corp .
chairman kenneth lay tried to convince analysts and investors that
the company has no more surprises .
with the analysts , he apparently succeeded . enron remains one
of wall street ' s most highly rated stocks , even after the largest
energy trader acknowledged that transactions with partnerships run
by its chief financial officer led to a writedown of $ 1 . 2 billion
in shareholder equity .
lay wasn ' t so successful with investors , who have abandoned
enron shares , slashing their value 42 percent in a week .
` ` you ' ve got a lot of people lining up to say the emperor has
no clothes , ' ' said richard gross of lehman brothers inc . , who
today repeated his ` ` strong buy ' ' rating on enron . analysts at
credit suisse first boston , goldman , sachs & co . and other firms
have also kept their highest ratings on enron .
gross still likes the look of enron ' s finery . ` ` the core
franchise here is very valuable , ' ' he said , and the stock ' s
decline more than reflects the ` ` worst case ' ' for the company .
in boston and at similar meetings in houston and new york ,
lay had to explain the unwinding of the partnerships . he and other
enron executives assured investors the company has no more
surprises in store , according to greg phelps , who manages $ 1 . 1
billion at john hancock advisers inc . , and attended the boston
session .
the partnerships functioned somewhat like private equity
funds , according to analysts and investors , and included
investments that lost money . the securities and exchange
commission has asked for more information about them , enron said
yesterday .
one hold , one sell
while two analysts have cut their enron ratings after
learning about the partnerships , they only dented the company ' s
popularity on wall street .
michael heim of a . g . edwards & sons inc . in st . louis lowered
his rating to ` ` hold ' ' from ` ` buy ' ' on friday . he said he has been
looking for discussion of the partnerships in enron ' s sec filings
and is only seeing ` ` vague references ' ' that don ' t leave him with
a ` ` good comfort level . ' '
with heim ' s rating change , enron went from being the second
most highly rated stock in the standard & poor ' s 500 index to the
10 th , according to thomson financial / first call .
today , zach wagner at edward jones & co . in st . louis cut
enron to ` ` reduce ' ' from ` ` accumulate . ' ' ratings by edward jones ,
which caters to individual investors rather than institutions ,
aren ' t tracked by first call .
first call translates analyst ratings into numbers , with
` ` strong buy ' ' a one , ` ` buy ' ' a two , and so on , then averages the
ratings to rank a company ' s wall street popularity . the most
highly rated stock is tyco international ltd . , which has fallen 12
percent this year .
enron shares fell 86 cents to $ 19 . 79 today .
remaining skeptical
however highly brokerage analysts rate the stock , ` ` i have to
remain skeptical , ' ' said barry borak , energy analyst at david l .
babson & co . , which manages $ 60 billion in cambridge ,
massachusetts .
` ` there ' s been a huge loss of management credibility at
enron , ' ' borak said , because of the partnerships and the
unexpected departure in august of jeffrey skilling , who had held
the post of chief executive officer for six months and was heir
apparent to lay . ` ` nobody i ' ve talked to thinks ( skilling ' s
departure ) is for personal reasons , ' ' borak said .
skilling helped transform enron from a gas pipeline company
into the biggest energy trading company . enron also owns power
plants in deregulated markets .
borak said babson doesn ' t own enron shares and won ' t be a
buyer ` ` until i can get better , more thorough information about
what else might pop up in the future . ' '
borak and other investors said enron has a reputation for not
providing enough information about its businesses , and they said
this makes the positive view of the company on wall street more
difficult to understand .
after skilling resigned , lay said the company would be more
open about its businesses . a bullet point in his talk in boston
was ` ` increased transparency of financial and operating results , ' '
according to a handout provided at the boston meeting .
amazed , dismayed
prudential securities inc . analyst carol coale wrote in a
note to clients last week that she was ` ` amazed at the willingness
of enron ' s management to break out earnings and expenses to the
degree that it disclosed in the third quarter . ' '
coale also wrote that she was ` ` dismayed by the apparent
` disguise ' of the additional $ 1 . 2 billion equity hit that was not
disclosed in ( enron ' s ) press release and was briefly mentioned in
the earnings conference call . ' ' coale kept her rating on enron at
` ` buy . ' '
phelps at john hancock said that his ` ` cynical side ' '
believes that investment banking business has helped keep wall
street recommending enron stock . ` ` they provide some good
underwriting business , ' ' he said .
credit suisse first boston managed a secondary sale of 12
million enron shares in 1999 , with lehman brothers acting
as co - manager . credit suisse has also managed bond sales for
enron this year .
enron asks citigroup for $ 750 mln loan , people say ( updatel )
2001 - 10 - 23 16 : 38 ( new york )
enron asks citigroup for $ 750 mln loan , people say ( updatel )
( updates with closing share price in sixth paragraph . )
new york , oct . 23 ( bloomberg ) - - enron corp . , the biggest
energy trader , has asked citigroup inc . to arrange a $ 750 million
loan , ensuring access to credit if the company is cut off from
money markets , say people familiar with the matter .
enron ' s shares and bonds plunged yesterday after the company
said the securities and exchange commission was investigating its
finances . the company depends on a $ 3 billion commercial paper , or
short - term debt , program to finance day - to - day operations .
moody ' s investors service last week placed all $ 13 billion of
the company ' s long - term debt securities on watch for possible
downgrade . any drop in the rating may cut off enron from the
commercial paper market , raising the costs of short - term debt .
` ` we understand that our credit rating is critical to both
the capital markets and our counterparties , ' ' enron ' s chief
financial officer andrew fastow said on a conference call today .
he said enron has $ 3 . 5 billion available on bank credit lines ,
giving it enough cash to operate normally .
dan noonan , a spokesman for citigroup ' s citibank na unit ,
declined to comment . mark palmer , a spokesman for enron , also
wouldn ' t comment .
shares of enron , based in houston , fell 86 cents to $ 19 . 79 .
they have fallen 76 percent this year .
complex financing
an investor sued enron last week , saying dealings with two
partnerships run by fastow , ljm cayman and ljm 2 co - investment ,
cost the company $ 35 million . the suit also calls fastow ' s
leadership of the partnerships , set up to remove debt from enron ' s
books , a conflict of interest .
enron bought back 62 million shares to unwind positions in
some partnerships run by fastow , said chief executive officer ken
lay on the conference call with investors today .
the number of shares differs from a wall street journal
report on thursday that said enron had bought back 55 million
shares . the buyback reduced shareholder equity by $ 1 . 2 billion ,
the journal said .
the company set up the partnerships and other affiliated
companies to buy enron assets such as power plants . the
partnerships allow enron to take debt off its books , letting it
borrow to invest in its main business of commodities trading ,
enron said . enron trades electricity , natural gas , oil , coal and
other commodities .
` ` ` they have complex off - balance sheet financing , ' ' said
commerzbank analyst andre mead . ` ` it ' s difficult to ascertain the
full impact on shareholders . ' '
the sec has asked enron about partnerships and affiliated
companies headed by fastow . the company has at least $ 3 billion in
such ` ` off - the - books ' ' financing in affiliated companies , ray
niles , a salomon smith barney analyst , wrote in a report to
investors .
depends on asset sales
one partnership , whitewing management , owns 250 , 000 preferred
shares that enron may have to convert to common stock . whitewing
partners can demand their preferred shares be converted if enron
common stock falls below a certain price or if enron ' s credit
rating drops under investment grade .
whitewing and other enron partnerships and trusts include
company executives as officers and directors , according to records
from the texas secretary of state .
` ` over the life of these trust structures , enron has in fact
issued a sizable amount of equity , ' ' enron treasurer ben gilsan
said . most of that was shares issued to enron executives as part
of a deferred compensation plan , gilsan said .
the whitewing partnership was financed with $ 1 . 4 billion in
bonds sold last year . the partnership used some of the proceeds to
buy enron power plants and plans to retire the debt by selling
them , officials said on the conference call . other company
partnerships operate with the same strategy .
` ` some investors are worried the asset sales won ' t cover the
full amount ( borrowed ) , and enron will have to furnish support to
the detriment of shareholders , ' ' said commerzbank analyst meade .
commercial paper rates
enron was paying 3 . 15 percent to issue commercial paper until
oct . 31 , which is as much as 15 basis points more than companies
with the same ` ` a 2 / p 2 ' ' short - term credit ratings that are not on
credit watch . enron ' s short - term debt is not on review for a
possible downgrade .
based on bloomberg composite ratings , most of enron ' s long -
term debt is rated at bbb 2 and bbbl , two or three levels above
investment grade . fitch , standard & poor ' s and moody ' s rate the
company ' s debt at investment grade .
enron has previously turned to citigroup for finance and
advice . in 1999 , citigroup ' s salomon smith barney unit advised the
company on its $ 1 . 45 billion acquisition of three natural gas -
fired power plants from cogen technologies inc . citibank , along
with j . p . morgan chase asian , middle eastern , european , african , as well as american - born . they are young , mostly under 35 , and dressed in the aggressively casual uniform of the tech industry - the guys wear khakis , polo shirts , and banana republic button - downs . almost preposterously fit , they move through the building intently , like winners . enron is nothing if not energetic : a big brother - size tv screen frantically reports on the stock market near a bank of elevators , while another hefty black television relaying the same news greets people entering from the garage . a sculpture of the corporate symbol , an e tipped at a jaunty angle , radiates colors as it spins frenetically on its axis ; a starbucks concession on the ground floor keeps everyone properly caffeinated . multicolored , inspirational flags hang from the ceiling , congratulating enron on its diversity and its values ; one more giant banner between elevator banks declares enron ' s simple if grandiose goal : " from the world ' s leading energy company to . . . the world ' s leading company ! "
for a while , that future seemed guaranteed , as enron transformed itself from a stodgy , troubled pipeline company in 1985 to a trading colossus in 2000 . it was a wall street darling , with a stock price that increased 1 , 700 percent in that sixteen - year period , with revenues that increased from $ 40 billion to $ 100 billion . " the very mention of the company in energy circles throughout the world creates reactions ranging from paralyzing fear to envy , " notes a 2001 report from global change associates , a firm that provides market intelligence to the energy business .
this enron was largely the creation of jeff skilling , a visionary determined to transform american business . hired sixteen years ago as a consultant by then - ceo ken lay , skilling helped build a company that disdained the old formula of finding energy in the ground , hauling it in pipelines , and then selling it to refineries and other customers . instead , it evolved into a company that could trade and market energy in all its forms , from natural gas to electricity , from wind to water . if you had a risky drilling venture , enron would fund it for a piece of the action . if you wanted your megacorporation ' s energy needs analyzed and streamlined , enron could do the job . if you were a third world country with a pitiful infrastructure and burgeoning power needs , enron was there to build and build . basically , if an idea was new and potentially - and fantastically - lucrative , enron wanted the first crack . and with each success , enron became ever more certain of its destiny . the company would be the bridge between the old economy and the high - tech world , and in february of this year , skilling reaped his reward when he succeeded lay as chief executive officer . enron , says skilling , " was a great marriage of the risk - taking mentality of the oil patch with the risk - taking mentality of the financial markets . "
the enron story reflects the culture that drove american business at the end of the twentieth century . like the high - tech companies it emulated , enron was going to reinvent the american business model and , in turn , the american economy . maybe it was natural that this brave new world also produced a culture that was based on absolutes : not just the old versus the new , but the best versus the mediocre , the risk takers versus the complacent - those who could see the future versus those who could not . the key was investing in the right kind of intellectual capital . with the best and the brightest , a company couldn ' t possibly go wrong .
or could it ? today enron ' s stock trades at around $ 35 , down from a high of $ 80 in january . the press cast enron as the archvillain of california ' s energy crisis last spring , and skilling caught a blueberry pie in the face for his relentless defense of the free market . a long - troubled power plant project in india threatened the company ' s global ambitions . telecommunications , in which enron was heavily invested , imploded . wall street analysts who once touted the company questioned its accounting practices . some of the change in enron ' s fortunes can be attributed to the economic downturn in uncertain times that has afflicted all of american business . but the culture that the company created and lived by cannot escape blame .
enron , jeff skilling says , had " a totally different way of thinking about business - we got it . " at enron , in fact , you either " got it " or you were gone - it was as simple as black and white . it is not coincidental , then , that the color scheme of skilling ' s river oaks mansion mirrors the corporation he once headed . here , the living room ' s white walls shimmer against the mahogany floors . black leather trims the edge of snowy carpets . billowy sofas set off the jet - black baby grand . in the entry , white orchids cascade from a black vase on a black pedestal table that in turn pools onto cold , white marble . there is only one off - color note : after almost twenty years , jeff skilling is no longer associated with enron , having resigned abruptly after just six months as ceo . once , skilling was hailed as the next jack welch ( general electric ' s masterful ceo ) , as one of worth magazine ' s best ceo ' s in america ( anointed in 2001 ) , and even as a daredevil who hosted the kind of unchained adventure junkets in which , a friend told businessweek , " someone could actually get killed . " today , he sounds more like ebenezer scrooge on christmas morning . " i had no idea what i ' d let go of , " skilling says of all the personal sacrifices he made while retooling enron .
from a black chair in the white library , across from a huge black and white photograph of his daughter and two sons , skilling clarifies . the demands of working 24 - 7 for enron caused him to ignore his personal finances . divorced , he lived in a 2 , 200 - square - foot house without a microwave or a dishwasher . he almost missed his brother ' s wedding . " learning a foreign language - i never learned a foreign language ! " he exclaims . he never once took his youngest son to school . " i ' m interested in the kids . you don ' t do kids in fifteen - minute scheduling . " travel : " you can ' t go to africa for a week and get anything out of it ! " skilling includes the study of architecture and design on his list of missed opportunities , then he stops and sighs . " i ' m not sure that fulfillment in life is compatible with a ceo ' s job , " he says , finally . then his eyes lock on mine , and his voice , which had softened , regains its pragmatic edge . " it would have been easy to stay , " he says . " but that would not have been good for me . "
he ' s a smallish , ruddy - faced man who keeps himself at fighting weight , handsome in the way of corporate titans , with piercing cheekbones and that assiduously stolid gaze . but the impatience skilling once reserved for cautious underlings and dull - witted utility company executives is now targeted at reporters who have labeled his resignation " bizarre " and associates who are bitterly skeptical of his need for family time . his shrug stretches the limits of his shimmering blue button - down , and his matching blue eyes look put upon . " i ' m surprised , " he says , " that people have so much trouble understanding this . "
people who passed through downtown houston in the late eighties or early nineties couldn ' t help but notice a funny and , for its time , novel scene unfolding throughout the workday at the base of the enron building . from nine to five and before and after , you could see people slipping out of the pristine silver skyscraper to smoke . they perched on the chrome banisters or lurked near the glass doors at the entry , puffing like mad . they always looked hurried and furtive , even ashamed . whatever people knew about enron in those days ( and most people didn ' t know much ) , it was often associated with that scene : enron boasted one of the first nonsmoking corporate headquarters in houston , and there couldn ' t have been clearer evidence of its break with the energy world of the past . what macho engineer would have put up with such humiliation ?
but this company was a child of another time , that period in the mid - eighties when chaos enveloped the gas business . federal deregulation of natural gas turned a steady , secure industry , in which gas pipeline companies frequently enjoyed a monopoly in portions of the areas that they served , into a volatile free - for - all . the situation was compounded five years later by federal deregulation of the pipeline business . so it happened that a gentlemanly gas pipeline company , houston natural gas ( hng ) found itself under attack from coastal corporation , oscar wyatt ' s less than gentlemanly firm . hng was then run by lay , a sturdy , taciturn former economics professor and transco chief operating officer who had a passion for military strategy . ( his doctoral thesis at the university of houston was on supply and demand in the vietnam war . ) lay , who was from missouri and never succumbed - at least outwardly - to texas brashness , had done well enough : thanks to canny expansions , hng ' s pipelines stretched from florida to california and throughout the state of texas .
hng fended off coastal , but to protect the company from other takeover attempts , lay nimbly engineered the sale of hng in 1985 to a friendly nebraska pipeline concern called internorth , one of the largest pipeline companies in the country at the time . then , a funny thing happened : hng started acting in a way that would characterize the company for years to come - a lot like coastal . what the nebraskans blithely labeled " the purchase " was being called " the merger " back in houston , and before long , following some particularly brutal politicking between omaha and houston , the company ' s center of gravity started shifting toward texas , and shortly after that , ken lay was running a new company called enron . " over time it became clear that lay had a better vision of the future , " says one person associated with enron at that time . " he never fought change . he embraced change . "
lay had won , but what exactly did that mean ? enron was saddled with massive debt from the takeover attempt , and thanks to deregulation , no longer had exclusive use of its pipelines . without new ideas - for that matter , a whole new business plan - the company could be finished before it really even got started .
like many people who teamed up with enron in the eighties , jeff skilling had spent a lot of time in the midwest , and he was self - made - at fourteen he had been the chief production director at a start - up tv station in aurora , illinois . ( his mother would drop him off there every day after school . ) " i liked being successful when i was working , and i was smart , " he told businessweek earlier this year . but unlike many of his enron colleagues , skilling wasn ' t deliberate and soft - spoken and happy to go home at five o ' clock ; he was anxious and excitable , and nothing , but nothing excited him more than what he would come to call " intellectual capital . " he loved being smart , and he loved being surrounded by smart people . he graduated from southern methodist university , went into banking - assets and liability management - and took on harvard business school , where he graduated in the top 5 percent of his class . then skilling took the next step on what was then the new , souped - up path to american success : he joined manhattan ' s mckinsey and company as a business consultant , and that is where ken lay found him in 1985 .
it is often said of lay that his instincts for hiring the best are flawless , and his choice of skilling probably saved the company . skilling was above all an expert at markets and how they worked . while everyone else was worrying about the gluts and the shortages that defined the gas industry , he alone saw the parallels between gas and other businesses . and so in a world where credit was nearly impossible to come by , skilling came up with what he called the gas bank , which contractually guaranteed both the supply and the price of gas to a network of suppliers and consumers . enron would not be a broker but a banker . it would buy and sell the gas itself and assume the risk involved . and enron would make money on transactions , much like an investment bank would .
skilling worked up some numbers and found them " absolutely compelling . " then the mckinsey consultant took the idea to a meeting of about 25 enron executives . he had a one - page presentation . " almost to a person , " skilling says , " they thought it was stupid . " almost . after skilling left the meeting dejected , he walked ken lay to an elevator and apologized . lay listened and then said , " let ' s go . "
the gas bank was not an overnight success . for months skilling woke up in a cold sweat , sure he had ruined not only his career but the careers of dozens of colleagues who had assisted him . in fact , he had come upon one of those divides that seem to define his life : " i believed this whole world would be different , a huge breakthrough " is the way skilling puts it today , and even if he is typically immodest , he was right . fairly soon after launching , the company sold $ 800 million worth of gas in a week . true to skilling ' s character , success turned out to be a matter of old versus new : he says the joke around enron was that if a company ' s ceo was under fifty , " we were in . " and he was in too : in 1990 skilling finally left mckinsey and joined enron as the head of enron finance corporation , a new division created just for him . in 1991 that company closed a deal that earned $ 11 million in profit . after that , says skilling , " we never looked back . "
skilling and lay also realized that the gas bank couldn ' t work unless it had a trading component . myriad trades were needed to build the market that would make the project go . but by buying and selling enormous quantities of gas , enron not only constructed a market but almost instantly came to dominate it . the company had the best contacts , the best intelligence , and the best access to supplies . that , in turn , attracted more customers who wanted to be part of the play . with so many customers in its pocket , enron could better predict the direction of the market and could use that knowledge to make trades for its own benefit - enron could in effect bet on which way the price of gas would go , as one might do with pork bellies or soybeans , but with startling accuracy , thereby generating profits higher than anyone could have ever imagined .
this change could never have occurred without another change skilling had made : he created , within enron , a new culture to match its new trading business . the idea was to build a " knowledge - based business , " which demanded a skill set not exactly prized by enron ' s employees from the old hng days . most were deliberate , cautious , responsible , somewhat defensive people , most of them men , of course - the kind of people you ' d expect to find working in an industry regulated by the federal government . but now the company needed bolder people for its bold new era : that included anyone who wanted to make money - lots of money - for themselves and for the company . " enron was going to create a niche for itself or die , " one former executive explains . " the people who had narrow views eventually were forced out , because if they had narrow views about other things , they had narrow views about the market . "
skilling wanted smart people but not just any smart people . he wanted the smartest people from schools like harvard , stanford , and maybe , rice . and because his firm was now acting more like a bank than a pipeline company , he wanted to draw from the pool of recruits that would be attracted to the biggest and best investment banks , like merrill lynch or credit suisse first boston . in addition to being smart , enron people were also supposed to be " aggressive . " you were right for enron if you didn ' t want to wait until you were thirty to close your own deals or move up in an organization .
you could see what he was looking for on " super saturdays " at the houston headquarters : eight fifty - minute interviews with ten minute breaks in between - the company might herd as many as four hundred people through in just one day . they were scored from 1 to 5 on their smarts , their problem - solving ability , their passion for hard work , and what at enron was called " a sense of urgency . " people who scored less than 2 . 5 were scratched . the shrewdest candidates knew how to work enron before they were even hired : these were the types that automatically turned down the company ' s first offer , knowing enron would come back with more . the starting salary was around $ 80 , 000 . maybe it wasn ' t a fortune - yet - but the signing bonus , about $ 20 , 000 , was more than enough for a lease on the obligatory porsche boxster or one of the lofts being renovated close to downtown . ( enron people didn ' t live in far - flung suburbs . suburbs were uncool and too far from the office . )
for the lucky winners , enron offered the corporate equivalent of a gifted - and - talented program . new associates learned the latest techniques for structuring energy deals , and there were rotations at enron offices around the globe . the hours were long , but every possible need was taken care of . a company concierge handled all the things important people couldn ' t be bothered with : picking up dry cleaning or prescriptions , shining shoes , cleaning the house , planning a vacation . of course , a lot of people who worked for enron never got to take vacations - they were too busy making money - but they could use the company gym and the company ' s personal trainers . if they were overweight or wanted to quit smoking , they could join enron ' s wellness program . massages were offered six days a week , from seven in the morning until ten at night . " they were so cutting edge , " rhapsodizes someone involved with the company health care program at the time . " they really thought about the psychology and what it took to keep these people going . "
skilling handed out titles analogous to those at wall street firms - analysts , associates , directors , and managing directors - but everyone knew that those titles didn ' t really matter . money did . instead of competitive salaries and decent bonuses , enron offered competitive salaries and merit - based bonuses - with no cap . " if you really worked hard and delivered results , you could make a lot of money , " says ken rice , who stayed with enron for 21 years until resigning recently as the head of the company ' s faltering broadband division . or , as the saying goes , you got to eat what you killed . gas traders with two or three years of experience could wind up with a $ 1 million bonus . and the more you produced , the closer you got to jeff : real hot dogs joined him glacier hiking in patagonia , land cruiser racing in australia , or off - road motorcycling in a re - creation of the baja 1 , 000 race , ending at a spectacular mexican villa . " every time he ' d speak , i ' d believe everything he ' d say , " one loyalist says .
and why not ? by 1995 enron had become north america ' s largest natural - gas merchant , controlling 20 percent of the market . but at a company where the buzzword was " aggressive , " that was no place to stop : skilling and lay believed the gas bank model could easily be applied to the electricity business . firmly committed to the notion that a deregulated market meant better service at lower prices for consumers ( and untold profits for enron ) , they began barnstorming the country , pressing their case with entrenched power company presidents ( who , with their multimillion - dollar salaries and monopoly service areas , had little incentive to change ) and energy regulators ( who were somewhat more receptive , thanks in part to enron ' s generous lobbying efforts ) .
but the biggest winner of all was probably jeff skilling . in 1997 ken lay made him the president and chief operating officer of the company . by then , the division known as enron capital and trade resources was the nations largest wholesale buyer and seller of natural gas and electricity . the division had grown from two hundred to two thousand employees , and revenues from $ 2 billion to $ 7 billion . " mr . skilling ' s experience so far with the turmoil in the industry has convinced him that he is on the right track , " the new york times noted . everyone would certainly have thought so : enron and skilling had totally transformed one industry and were well on their way to transforming another .
" firing up an idea machine ; enron is encouraging the entrepreneurs within , " sang the new york times in 1999 . " in the staid world of regulated utilities and energy companies , enron corp is that gate - crashing elvis , " crowed fortune in 2000 . wall street was demanding tech - size growth on a tech timetable , and enron , in 2000 , obliged with second quarter earnings of $ 289 million , up 30 percent from the previous year . that year the company seemed to discover a market a minute : under skilling , enron was trading coal , paper , steel , and even weather . no one blinked when a london wine bar became an enron client . people drank more in warm weather than cold , so why not buy a hedge against the usual winter downturn ?
but most exciting to the financial world was enron ' s entry into high - tech communications . because of the company ' s marketing dominance , enrononline became another overnight success , handling $ 335 billion in commodity trades online in 2000 . enron , as usual , made its money on the spread between the bid price and the asking price . then there was the broadband business : to enron , trading excess capacity in large , high - speed fiber - optic networks ( empty lanes on the fabled information highway ) wasn ' t that different from trading the capacity of natural gas pipelines . so enron created a market for what the industry calls bandwidth . soon after , it also announced a twenty - year deal with blockbuster to deliver movies on demand electronically to people in their homes . enron looked like a company that couldn ' t lose . " its strategy of building businesses , shedding hard assets , and trading various commodities can help it do well even in an uncertain market , " businessweek insisted .
there was , however , another reason enron did so well in such a short time : the company ' s hard - nosed approach toward its customers . the old notion of customer service was based on the long haul - you had to nurse and coddle customers to keep them . but enron had new markets and new ideas - customers had to come to it . over time , the company stopping referring to its business clients as customers and began calling them " counterparties . "
skilling wanted the biggest profits on the shortest timetable : gains were maximized by creating , owning , and then abandoning a market before it became overtaxed and overregulated . so if you wanted to launch a high - risk venture quickly - such as zilkha energy ' s new high - tech approach to drilling for oil - you got your financing from enron because a bank would take forever to underwrite the project , if it ever would . but because enron invented its markets and subsequently dominated them , enron could set the terms of its deals , from the timeline to the method of accounting to whether the deal happened at all .
while many businesses used what was known in the industry as " mark - to - market accounting , " for instance , enron used it on an unprecedented scale . the company priced their deals at current market value - but it was always enron ' s idea of the market value ; companies that balked at their pricing didn ' t get deals . and while old - fashioned companies spread their profits out like annuities over a period of years , enron took most of its profit up - front . however many millions would be made on a deal that covered several years , they went on the books in the current year . if a few analysts thought there might be something fishy about what they called " subjective accounting , " investors didn ' t particularly care as long as the profits rolled in . as the market fluctuated and the landscape changed , the company might abandon a project that had been in the works for months because its profit margins weren ' t going to be high enough . " enron is known for leaving people at the altar , " says one former employee . winning the highest possible profits for the company could even extend to enron ' s attitude toward charity . when a fundraiser for the houston read commission , a literacy group , called on enron for a contribution , it was suggested that he start raising money for enron ' s competing literacy charity : " even the person who was supposed to give money away for enron was supposed to make money for enron , " he says .
as enron became more and more successful , the culture skilling had created took on a dark side : the competition turned inward . as one member of the enron family put it , " it became a company full of mercenaries . " the change started at the bottom . as enron ' s domination of the energy market grew , most of the recruiting frills fell away . new associates were treated much like the commodities the company traded . global change ' s enron spies reported overhearing orders like " i need a smart person - go buy me one " or " buy me an intelligent slave , quick . " enron had never been the kind of place where people sang to you on your birthday , but now the workaholism bordered on self - parody : a random acts of kindness program lasted only a few months . it was too disruptive . people couldn ' t get their work done .
and , of course , enron had a program for institutionalizing creative tension . the performance review committee , which had initially been installed by skilling in the capital group , became known as the harshest forced ranking system in the country . employees were rated on a scale of one to five , and those with fives were usually gone within six months . ( the prc ' s nickname quickly became " rank and yank . " ) it was a point of pride that skilling ' s division replaced 15 percent of its workforce every year . as one skilling associate put it , " jeff viewed this like turning over the inventory in a grocery store . " skilling ' s approach to business - get in and get out - had become enron ' s attitude toward its workers . in time , it would become many workers ' attitude toward the company . teamwork , never that valuable in a trading culture , went the way of the eyeshade and the abacus . if protocol required an enron higher - up to come from europe to help with a project in the third world , he might help - or he might not , depending on whether another , potentially more lucrative project was pending elsewhere .
everyone felt the pressure to perform on a massive scale at massive speed : " they were so goal oriented toward immediate gratification that they lost sight of the future , " says one former employee . anyone who couldn ' t close deals within a quarter was punished with bad prc scores , as were the higher - ups who had backed them . past errors and old grudges were dredged up so often as new ammunition in prc meetings that the phrase " no old tapes " became an enron clich ? . " people went from being geniuses to idiots overnight , " says one former enron executive .
in such a hothouse , paranoia flowered . new contracts contained highly restrictive confidentiality agreements about anything pertaining to the company . e - mail was monitored . a former executive routinely carried two laptops , one for the company and one for himself . people may have been rich at enron , but they weren ' t necessarily happy . one recruiter described the culture this way : " they roll you over and slit your throat and watch your eyes while you bleed to death . "
before jeff skilling could transform enron from the world ' s leading energy company into the world ' s leading company , he had to make one more change : just as he had done ten years before , skilling had to purge the company of its remaining old order . where enron once prized cautious executives who dealt with tangible assets like pipelines , it now valued bold executives who dealt with intangible assets . pipelines , power plants - they may have been enron ' s pride , but skilling wanted them gone . expensive , long - term building projects had no place when wall street was devoted to quick profits and enormous returns on investment capital , and skilling knew it . " it wasn ' t the time for long - term approaches , " an enron executive says of wall street ' s mood . " it was the technology era . "
to rid enron of the last vestiges of its past , skilling had to take on rebecca mark , long considered his rival for the ceo ' s job . mark was for many years the poster child for the enron way : young , attractive , aggressive - her nickname was mark the shark - she came from sturdy midwestern stock but had the requisite harvard mba . mark was largely responsible for the success of enron international , the asset - heavy side of the company where she developed $ 20 billion worth of gas and power plants , which accounted for 40 percent of enron ' s profits in 1998 . for this she reaped breathtaking compensation - one enron executive estimated $ 10 million - and adoring press clips , including two appearances on fortune ' s list of the fifty most powerful women in corporate america .
but then mark ran into trouble with a gas - fired power plant in dabhol , india , one of the largest ever constructed . she had played the game the enron way : taking enron into a new market , she had finagled low import taxes ( 20 percent instead of the usual 53 ) and hung in through 24 lawsuits and three changes in government . but the time and expense needed to make india and other enron plants around the globe successful did not mesh with enron ' s goals , and skilling ' s impatience with mark grew .
forcing mark out , however , was no easy matter . key executives left , divisions were dismantled , but she remained . the truth was enron didn ' t mind firing lower - level employees , but it hated to fire the kind of aggressive , relentless people it tended to promote . the company preferred humiliation - keeping a director in his cubicle , say , but failing to include him in the glamour deals , or kicking someone upstairs with a fancy title . ( one particularly difficult executive won a few years at graduate school , gratis . ) a company as smart as enron could probably deduce too that dispatching one of the most visible businesswomen in the country would provoke a public - relations disaster . so lay and skilling did something classically enronian : they gave mark her own company . despite skilling ' s contempt for asset - heavy businesses , enron spent more than $ 2 billion to buy a run - of - the - mill british water utility that could serve as enron ' s entry into the emerging world of water privatization . mark was put in charge of making enron , yes , the world ' s greatest water company . azurix , as the new business was called , looked like another sure thing : its ipo in 1999 raised $ 695 million .
but mark had to succeed on enron ' s increasingly abbreviated timetable in a business fraught with political and emotional complexities . water is not like gas or electricity - owners and governments are a lot less willing to give it up , even for lots of money . the company stumbled , layoffs commenced , and confidence evaporated . by august 2000 the stock price , which had started out at $ 19 , had fallen to $ 5 . mark ' s resignation followed , and azurix , much diminished , was folded into enron . " i think it ' s best for rebecca to start afresh , " lay , who had been a mentor to mark , told the wall street journal . or as one critic put it , " they were more interested in destroying the old culture than running a business . "
as 2000 drew to a close , skilling was in total command . in december ken lay announced the inevitable : " the best time for the succession to occur is when the company is doing well , " he told the press . " enron is doing extremely well now . " in february 2001 jeff skilling took over the ceo ' s job .
almost immediately the trouble started . enron ' s domination of the electric - power market made it an instant target in the california deregulation debacle . both pbs ' s frontline and the new york times took on enron , portraying the company as a heartless colossus that used its influence in washington ( lay and enron ' s political action committee are the top contributors to george w . bush ) to force old people on fixed incomes to choose between buying food or electricity . skilling and lay appeared on camera singing belligerent anthems to the free market , while another memorable scene juxtaposed one of the company ' s jackallike traders against a hapless state employee in california , as both tried to buy power online . the times reported that lay had tried to persuade a new federal commissioner to change his views on energy deregulation . the bad press was , to say the least , ironic : just as the media was pounding enron for its omnipotence , wall street was discovering its weaknesses . by late march the stock price had slid to $ 50 a share from $ 80 in january .
within enron , the asset - based divisions took the rap for the decline . ( the india plant continued to be enormously costly , at least in part because of constant turnover within enron ' s management team . ) but the california situation was more visible and therefore more damaging , despite enron ' s claim that the state had never built enough power plants to service its population and never properly managed those it had . " for three months gray davis did a very good job of blaming us , " says mark palmer , a vice president for corporate communications . " we were a texas company . there was a texan in the white house . california was a state that didn ' t put him in office , and his biggest contributor was a texas energy company . performance is going to take care of our stock price . the truth will take care of gray davis . " ( california utilities still owe enron $ 500 million , another reason stockholders might be panicky . ) but more problematic than the crisis itself was skilling ' s all too apparent lack of contrition . facing down his critics , he cracked a joke comparing california with the titanic . ( " at least the titanic went down with its lights on . " )
but the biggest problem was enron ' s telecommunications division , which had been responsible for at least one third of its heady stock price . investors believed that enron could revolutionize high - speed communications , just as it had revolutionized gas and power . enron estimated the global market for buying and selling space over fiber - optic cable would grow from $ 155 billion in 2001 to $ 383 billion by 2004 - but then the tech bubble burst . so too did the much - hyped movies - on - demand deal with blockbuster . for the first time in its confoundingly successful life , enron had nothing new to take to market . like the popular high school girl who suddenly packs on a few pounds , enron suddenly looked less alluring to wall street .
skilling launched a campaign to keep enron ' s most important cheerleaders , the stock analysts , in the tent , but he wasn ' t cut out to be a supplicant . during the reporting of first quarter profits , he called an analyst who challenged enron ' s financial reporting an " asshole . " when the company reported hefty second quarter profits , many analysts questioned whether those profits had come from the generation of new business or from the sale of old assets . ignoring the growing chorus critical of enron ' s accounting , skilling promised , as he always had , that innovations were just around the corner . " there wasn ' t any positive news , " carol coale , of prudential financial , says now . " basically , he talked me out of a downgrade . "
the business press , so generous in the past , turned surly . fortune had asked in march whether enron was overpriced . ( " start with a pretty straightforward question : how exactly does enron make its money ? " ) the routine cashing in of stock options that were about to expire by key executives was portrayed in the media as a fire sale . ( skilling had sold $ 33 million worth , ken lay and ken rice close to four times that amount . ) then the wall street journal reported on a fund run by the cfo that had been a source of strife within the company . ( it was essentially risk management against enron ' s possible failures . ) every negative story seemed to produce a concurrent drop in the stock price : by late august it had fallen below $ 40 . enron , so institutionally unforgiving , finally got a taste of its own medicine . " when wall street is in love with a stock , they ' re forgiving of something like accounting , " says carol coale . " when a company falls out of favor , all these issues carry more weight . "
this fact was not lost on people inside the company , who suddenly started experiencing an attack of conscience . those who had looked the other way as the most powerful enron executives dumped their wives and married their secretaries or carried on flagrant interoffice affairs now saw the error of their ways . " it just created an attitude , " one executive still at enron says . " if senior people are doing that , why are we held to a higher standard ? there was a real culture of ' we ' re above everyone else . ' "
loyalty had never been prized at enron , so there was no reason to expect it now . an old - fashioned , slow - moving company like exxon could demand hardship duty in baku with the promise of greater rewards down the road . " but , " as one houston oilman explains , " if you have to negotiate a hardship duty with someone who doesn ' t have loyalty and has money , then you have a corporation that ' s better suited for good times than bad . "
as it turned out , that description applied to jeff skilling too . as the stock price stubbornly refused to ascend , he made no secret of his unhappiness and frustration . then , after a trip to visit the families of three employees killed at a plant in england , he had an epiphany : life was short ; for him , enron was over . ever stoic , ken lay returned to the ceo ' s office , named a new president , arranged a trip to new york to calm analysts and investors , and promised a kinder , gentler enron in the future . trading anything and everything was out . the company , lay says , will still innovate but " innovate much closer to our core . " as for the culture : " things like the performance review committee , i think we could have applied better . by trying to categorize people into so many different categories , you ended up creating a morale problem . "
that skilling ' s supposedly brilliant colleagues were as shocked at the news of his departure as the rest of the business community may be testament to their lack of emotional intelligence . despite skilling ' s lengthy tenure with enron , he ' d always been contemptuous of the long haul ; he ' d always believed in cutting losses and moving on . but now that he was abandoning them when the company was in trouble , it was different . " even jeff ' s biggest detractors wouldn ' t have wanted him to walk out the door , " one loyalist admits .
but on the day we meet , skilling is looking forward , not back . " look , " he says with finality , " ninety percent of my net worth is in enron . were my interests aligned with the shareholders ? absolutely . "
free of falling stock prices and shareholder pressures , he is nestling himself back into the world of ideas . his eyes flash as he talks about new technologies . " the first wave never gets it right , " he says . " the stand - alone dot - coms didn ' t work , but the technological applications will create a second wave that will change the world . " houston , he promises , will become the world ' s center of commodity trading , and he intends to be a part of it . in fact , he is already shopping for office space .
" this is the second wave , and enron ' s got it , " he says , almost breathless . " there are thousands of people running around the streets of houston that get it . "
enron fails to smooth things over
by peter eavis
senior columnist
thestreet . com
10 / 23 / 2001 01 : 07 pm edt
url :
enron ( ene : nyse - news - commentary ) held a special conference call tuesday to address investor concerns that have weighed heavily on its stock .
but worries may persist after the energy trader offered few new details and the ceo publicly sparred with a gadfly investor over a shadowy off - balance sheet transaction .
the transaction that has drawn most attention in the past week is a complex financing that enron entered into with a partnership called ljm 2 , which was led by enron ' s finance chief andrew fastow . terminating this arrangement led to a $ 1 . 2 billion equity reduction in the third quarter . monday , enron stock plunged 20 % after the company said the securities and exchange commission is probing " related party transactions . " executives declined to respond to questions about fastow ' s role in the ljm 2 partnership on the tuesday call .
another key issue is the impact of the equity reduction . the company said on the call that its share count would decline by 60 million in the fourth quarter , due to the termination of the ljm 2 financing . but ceo ken lay said the company wouldn ' t be increasing its earnings guidance of $ 1 . 80 a share for 2001 and $ 2 . 15 for 2002 .
when a share count drops , earnings per share should normally increase , assuming the earnings number stays constant . the 60 million shares are equivalent to about 6 . 5 % of the company ' s diluted total in the third quarter . as a result , enron should have raised its per - share profits forecast by about that much , assuming constant earnings .
when asked on the call if earnings per share guidance would be increasing , ceo lay replied that the company had previously increased its guidance for this year . he then affirmed the 2002 number .
now , to be fair , enron may not be forecasting lower earnings . the planned reduction in shares may simply bring the total share count back close to a level in the fourth quarter and 2002 that analysts had originally expected . notably , the share count in the third quarter jumped by 20 million , meaning a fourth - quarter reduction might not change matters that much . alternatively , enron may beat fourth - quarter estimates by 6 . 5 % ; perhaps the company has simply chosen not to increase guidance at this stage , given uncertainties in the economy . in any case , more clarity on this matter is clearly needed .
calls to enron weren ' t immediately returned . the stock edged up 2 % tuesday after falling nearly 40 % since last week amid worries about complex off - balance sheet deals .
the call , arranged after enron ' s monday plunge , contained a lot of queries about two trusts , called marlin ii and whitewing , against which enron borrowed some $ 3 . 4 billion . lay became testy after questioning by richard grubman of boston - based hedge fund highfields capital management . grubman , who was called an " a - - hole " by enron ' s former ceo jeff skilling on an april conference call , was trying to find out the value of water assets held by marlin ii . the optimal way of paying back money borrowed through the trust is to sell the water assets .
grubman ' s line of questioning implied that the marlin assets were worth only about $ 100 million , meaning enron would have to find about $ 900 million to pay off the marlin ii - related debt . grubman arrived at $ 100 million after factoring in what he saw as the effects of a third - quarter writedown to water assets , some of which are included in marlin ii .
lay disputed the $ 100 million number . at one point , he accused grubman of driving enron ' s stock down and monopolizing the tuesday conference call . in the middle of grubman ' s comments , lay told the call operator to go to the next caller .
grubman didn ' t immediately return a call seeking comment .
if enron has to find $ 900 million , this can be done by issuing stock or raising cash on its balance sheet . if the latter route is taken , enron says it ' s likely to use asset sales to generate the cash . enron executives said liquidity would be sufficient and detailed at least $ 3 . 35 billion in available credit lines .
but if enron ' s debt - to - capital ratio exceeds 65 % , the covenants on some of those lines are broken . after the $ 1 . 2 billion equity writedown and other charges taken in the third quarter , that ratio is probably about 50 % - 55 % ( enron hasn ' t released a third - quarter balance sheet to arrive at an exact calculation ) . it would take $ 3 billion in further writedowns or charges to push enron ' s debt - to - capital ratio up to 65 % .
stocks
more static for enron
forbes . com staff , forbes . com
10 . 23 . 01 , 11 : 15 am et
new york - enron scrambled again to reassure investors this morning , after it disclosed yesterday that the u . s . securities and exchange commission had asked for information on partnerships run by chief financial officer andrew fastow and other executives .
enron ( nyse : ene ) last week reported a third - quarter loss of $ 638 million after taking $ 1 . 01 billion in charges on ill - fated investments . the market took that in stride until media reports parsed the earnings announcement and disclosed that $ 35 million of those losses were connected with the two limited partnerships run by fastow . enron shares , which plunged 23 % last week , nosedived another 21 % yesterday . enron bounced back slightly in morning trading .
the turmoil makes it clearer than ever that the energy trader ' s problems weren ' t solved by the recent departure of chief executive jeffrey skilling .
aes says indian state interfering in ops , complains to pm
10 / 23 / 2001
dow jones international news
( copyright ( c ) 2001 , dow jones & company , inc . )
new delhi ( ap ) - - after enron corp . it is the turn of u . s . - based aes corp . to seek the indian prime minister ' s help to settle its grievances with a state government .
in a letter to atal bihari vajpayee , aes corp . ' s president dennis w . bakke said his company ' s determination to continue in india was being tested by the government of eastern orissa state .
the letter , a copy of which was made available to the associated press tuesday , was dated oct . 1 and appeared to have been faxed to the office of prime minister atal bihari vajpayee .
the virginia - based energy company operates two power plants in orissa , holds 49 % of the orissa power generation corp . and manages the main power distribution company in the state .
aes corp . is the other major american power company besides enron corp . to have made big investments in india after the government allowed foreign investment in the power sector in the early 1990 s .
in his letter , bakke drew vajpayee ' s attention to the " expropriation , repeated contract violations , intimidation . . . and direct interference with day - to - day management " by the state government and its agencies . the letter also complained about government - run agencies failing to pay 2 . 1 billion rupees ( $ 1 = inr 47 . 985 ) in bills .
" if the situation faced by aes is not remedied urgently , it will undermine the trust and confidence of foreign investors in india , " bakke wrote . " while aes still remains committed to india as a country it would very much like to serve , our determination to continue is being tested . "
the prime minister ' s office said it wasn ' t ready to comment on the report . officials of the orissa state government weren ' t available to respond to bakke ' s charges in view of a hindu festival .
aes corp . has already offered to withdraw from the distribution company - known as the central electricity supply company of orissa . however , it has said that the company will continue with its interests in electricity generation .
if aes corp . decides to pull out completely , it will the third american company to do so .
cogentrix inc . quit a power project in southern india before it was started , while houston - based enron is in the process of withdrawing from the dabhol power project in western maharashtra state , india ' s biggest ever foreign investment project .
on sept . 14 , enron corp . chairman kenneth l . lay wrote a letter to vajpayee threatening legal action to pursue claims of up to $ 5 billion relating to the dabhol power co . dispute and questioned india ' s ability to honor its contracts .
lay had also warned that india may find it hard to attract foreign investors in the future because of the payment dispute with the dabhol project , which stopped production and construction in may .
copyright ? 2000 dow jones & company , inc . all rights reserved .
u . s . - based aes corp . complains about harassment from indian state government
by rajesh mahapatra
associated press writer
10 / 23 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
new delhi , india ( ap ) - the u . s . - based operator of two indian power plants is seeking the help of prime minister atal bihari vajpayee in its battle against alleged corporate intimidation leveled by local government authorities .
aes corp . president dennis w . bakke addressed the concerns in an oct . 1 letter to vajpayee , obtained tuesday by the associated press .
in the letter , the virginia - based energy company cited the " expropriation , repeated contract violations , intimidation . . . and direct interference with day - to - day management " by the local government in the indian state of orissa .
aes operates two power plants in orissa , holds 49 percent of the orissa power generation corp . and manages the main power distribution company in the state .
the complaint follows a similar appeal made to vajpayee on sept . 14 by enron corp . , the only other major u . s . power company to make big investments in india after the government allowed foreign investment in the power sector in the early 1990 s .
in that case , enron chairman kenneth l . lay threatened legal action to pursue claims of up to dlrs 5 billion over a dispute with the dabhol power co . , and questioned india ' s ability to honor contracts .
the prime minister ' s office said it was not ready to comment aes ' s complaint . officials of the orissa state government were not available to respond to bakke ' s charges .
" if the situation faced by aes is not remedied urgently , it will undermine the trust and confidence of foreign investors in india , " bakke wrote . " while aes still remains committed to india as a country it would very much like to serve , our determination to continue is being tested . "
aes corp . has already offered to withdraw from the power distribution company - known as the central electricity supply company of orissa .
if aes corp . decides to pull out completely , it will the third american company to do so .
cogentrix inc . quit a power project in southern india before it was started , while houston - based enron is in the process of withdrawing from the dabhol power project in western maharashtra state , india ' s biggest ever foreign investment project .
( rkm / lak / hg ) | 0 | ham | enron mentions | cauley geller bowman & coates , llp announces class action lawsuit against enron corp . on behalf of investors
pr newswire - 10 / 23 / 01
heading up - - - trade body to go ahead with conference in qatar
the toronto star - 10 / 23 / 01
inside money
sec inquiry of enron rattles stock
orlando sentinel - 10 / 23 / 01
enron keeps analysts happy as investors flee : call of the day
bloomberg - 10 / 23 / 01
enron asks citigroup for $ 750 mln loan , people say ( updatel )
bloomberg - 10 / 23 / 01
how enron blew it
texas monthly - november 2001 edition
enron fails to smooth things over
thestreet . com - 10 / 23 / 01
stocks
more static for enron
forbes . com - 10 / 23 / 01
aes says indian state interfering in ops , complains to pm
dow jones international news - 10 / 23 / 01
u . s . - based aes corp . complains about harassment from indian state government
associated press newswires - 10 / 23 / 01
cauley geller bowman & coates , llp announces class action lawsuit against enron corp . on behalf of investors
10 / 23 / 2001
pr newswire
( copyright ( c ) 2001 , pr newswire )
little rock , ark . , oct . 23 / prnewswire / - - the law firm of cauley geller bowman ( ii ) that the company ' s operating results were materially overstated as a result of the company failing to timely write - down the value of its investments with certain limited partnerships which were managed by the company ' s chief financial officer ; and ( iii ) that enron was failing to write - down impaired assets on a timely basis in accordance with gaap . on october 16 , 2001 , enron surprised the market by announcing that the company was taking non - recurring charges of $ 1 . 01 billion after - tax , or ( $ 1 . 11 ) loss per diluted share , in the third quarter of 2001 , the period ending september 30 , 2001 . subsequently , enron revealed that a material portion of the charge related to the unwinding of investments with certain limited partnerships which were controlled by enron ' s chief financial officer and that the company would be eliminating more than $ 1 billion in shareholder equity as a result of its unwinding of the investments . as this news began to be assimilated by the market , the price of enron common stock dropped significantly . during the class period , enron insiders disposed of over $ 73 million of their personally - held enron common stock to unsuspecting investors .
if you bought enron common stock between january 18 , 2000 and october 17 , 2001 , inclusive , and you wish to serve as lead plaintiff , you must move the court no later than december 21 , 2001 . if you are a member of this class , you can join this class action online at http : / / www . classlawyer . com / sign _ up . html . any member of the purported class may move the court to serve as lead plaintiff through cauley geller bowman & coates , llp or other counsel of their choice , or may choose to do nothing and remain an absent class member .
cauley geller bowman & coates , llp has substantial experience representing investors in securities fraud class action lawsuits such as this . the firm has offices in florida , arkansas and california , but represents investors throughout the nation . if you have any questions about how you may be able to recover for your losses , or if you would like to consider serving as one of the lead plaintiffs in this lawsuit , you are encouraged to call or e - mail the firm or visit the firm ' s website at www . classlawyer . com . cauley geller bowman & coates , llp
investor relations department :
jackie addison , sue null or charlie gastineau
p . o . box 25438
little rock , ar 72221 - 5438
toll free : 1 - 888 - 551 - 9944
e - mail : info @ classlawyer . com
contacts : ( for media )
charlie gastineau or sue null
1 - 888 - 551 - 9944
make your opinion count - click here
/ contact : charlie gastineau or sue null of cauley geller bowman & coates , llp , + 1 - 888 - 551 - 9944 / 11 : 37 edt
copyright ? 2000 dow jones ap photo
10 / 23 / 2001
the toronto star
ontario
eo 2
copyright ( c ) 2001 the toronto star
world trade organization chief mike moore says the 142 - country body will go ahead with a key conference in qatar from nov . 9 - 13 that he hopes will give a major boost to the ailing global economy .
the announcement at a news briefing yesterday in doha , qatar , ended weeks of uncertainty over the meeting ' s venue , which had been thrown into question by security fears , mounting international concern over terrorism and a surge of anti - western feeling in muslim countries since the start of u . s . attacks on afghanistan .
" if something seismic or catastrophic happens , we will reconsider , but we are planning to come here in just over two weeks ' time , " moore said .
the focus of the conference will be efforts to launch a new round of negotiations among all member countries to remove many of the remaining barriers to free global trade .
3 m ' s profit sags
minnesota mining & manufacturing co . says third - quarter profit fell 21 per cent as a slumping global economy reduced sales and workforce cuts increased expenses .
profit fell to $ 394 million ( u . s . ) , or 99 cents a share , from $ 499 million , or $ 1 . 25 , in the year - ago quarter . sales fell 7 . 1 per cent to $ 3 . 97 billion from $ 4 . 27 billion , the company added in a statement yesterday .
3 m , which makes products that range from post - it notes to circuit boards , has been eliminating 5 , 000 workers and cutting costs to cope with slowing sales .
copper plunges
copper fell in london yesterday , nearing the lowest price in almost 15 years , on expectations for slowing demand from users such as electronics makers and construction companies .
copper for delivery in three months fell as much as $ 8 ( u . s . ) to $ 1 , 366 a tonne on the london metal exchange , where prices are down 25 per cent this year . a move through the 1999 intraday low of $ 1 , 365 will mark the lowest price since february , 1987 .
enron information sought
houston - based energy - trading giant enron corp . says the u . s . securities and exchange commission has sought information on company transactions with limited partnerships that were managed by an enron senior officer .
in a statement yesterday , enron said it will provide the federal regulatory agency with information in response to an inquiry last week .
the transactions to " hedge certain merchant investments and other assets " took place in 1999 and 2000 , according to enron ' s 2000 annual report , and resulted in a $ 16 million ( u . s . ) pre - tax gain to enron in 1999 and a $ 36 million loss in 2000 .
enron officials declined to provide details about the transactions or name the limited partnerships .
upset investors sent shares of enron down $ 5 . 40 more than 20 per cent to close at $ 20 . 65 in heavy trading in new york .
moulinex takeover okayed
a court in the paris suburb of nanterre has approved a takeover offer by household - appliance maker groupe seb sa for troubled rival moulinex sa .
seb is expected to retain nearly 3 , 500 jobs at moulinex , about half of them in france , the court said yesterday . moulinex has 8 , 800 employees worldwide , almost 5 , 600 of them in france .
seb was to disclose financial details of its offer at a news conference today .
small jets seen on rise
bombardier inc . chief executive robert brown says use of the company ' s regional jets is actually increasing , even though air traffic is down in north america a crushing 30 per cent since the terrorist attacks in the united states .
brown said yesterday he has " anecdotal evidence " that airlines are flying the company ' s 50 - seat jets more often and on more routes because the planes are more efficient than large planes to fly when traffic is light .
the trend has not brought new sales , brown said , but has helped firm up orders for the aircraft that typically take up to more than a year from the date of purchase to delivery .
he was speaking at an opening ceremony for bombardier ' s vast new aircraft - assembly plant in mirabel , que .
aliant shedding jobs
aliant telecom inc . plans to reduce its non - unionized workforce by 140 people , the atlantic region ' s largest phone company said yesterday .
a statement said that 70 of those people will receive retirement packages , but did not indicate when the other 70 employees in nova scotia , new brunswick , prince edward island and newfoundland would lose their jobs or what severance they ' d receive .
swissair planes stand on the tarmac at zurich ' s kloten airport yesterday as switzerland ' s government announced a rescue package totalling 4 . 24 billion swiss francs , or about $ 4 billion ( canadian ) .
copyright ? 2000 dow jones & company , inc . all rights reserved .
money
inside money
sec inquiry of enron rattles stock
associated press
10 / 23 / 2001
orlando sentinel
metro
b 5
( copyright 2001 by the orlando sentinel )
houston - - shares of enron corp . plunged monday after the energy trading giant said the securities and exchange commission had sought information about the company ' s transactions with limited partnerships , which were managed by an enron senior officer .
in a statement , enron said it had provided the regulatory agency with information in response to an inquiry last week .
" we welcome this request , " enron chairman and chief executive officer kenneth l . lay said monday . " we will cooperate fully with the sec and look forward to the opportunity to put any concern about these transactions to rest . "
investors were upset by the news , however , sending shares of enron down $ 5 . 40 to close at $ 20 . 65 on the new york stock exchange .
the transactions took place in 1999 and 2000 , according to houston - based enron ' s 2000 annual report . they resulted in a $ 16 million pre - tax gain to enron in 1999 and a $ 36 million loss in 2000 .
enron officials would not provide details about the transactions or identify the limited partnerships , instead referring questions to a section of the annual report on related party transactions .
" enron entered into transactions with [ limited partnerships ] to hedge certain merchant investments and other assets , " according to the section .
enron spokesman mark palmer said the sec first contacted enron last week and described the request is an " informal inquiry . "
" this is not an investigation , " he said . " we see the request as an opportunity to put this issue behind us . "
sec spokesman john heine said he could not comment on the filings .
the electricity marketer and natural gas provider says both internal and external auditors and attorneys reviewed the arrangements , the company ' s board was fully informed of and approved them , and they were disclosed in the company ' s sec filings .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron keeps analysts happy as investors flee : call of the day
2001 - 10 - 23 17 : 08 ( new york )
enron keeps analysts happy as investors flee : call of the day
new york , oct . 23 ( bloomberg ) - - over lunch in a conference
room at boston ' s four seasons hotel last thursday , enron corp .
chairman kenneth lay tried to convince analysts and investors that
the company has no more surprises .
with the analysts , he apparently succeeded . enron remains one
of wall street ' s most highly rated stocks , even after the largest
energy trader acknowledged that transactions with partnerships run
by its chief financial officer led to a writedown of $ 1 . 2 billion
in shareholder equity .
lay wasn ' t so successful with investors , who have abandoned
enron shares , slashing their value 42 percent in a week .
` ` you ' ve got a lot of people lining up to say the emperor has
no clothes , ' ' said richard gross of lehman brothers inc . , who
today repeated his ` ` strong buy ' ' rating on enron . analysts at
credit suisse first boston , goldman , sachs & co . and other firms
have also kept their highest ratings on enron .
gross still likes the look of enron ' s finery . ` ` the core
franchise here is very valuable , ' ' he said , and the stock ' s
decline more than reflects the ` ` worst case ' ' for the company .
in boston and at similar meetings in houston and new york ,
lay had to explain the unwinding of the partnerships . he and other
enron executives assured investors the company has no more
surprises in store , according to greg phelps , who manages $ 1 . 1
billion at john hancock advisers inc . , and attended the boston
session .
the partnerships functioned somewhat like private equity
funds , according to analysts and investors , and included
investments that lost money . the securities and exchange
commission has asked for more information about them , enron said
yesterday .
one hold , one sell
while two analysts have cut their enron ratings after
learning about the partnerships , they only dented the company ' s
popularity on wall street .
michael heim of a . g . edwards & sons inc . in st . louis lowered
his rating to ` ` hold ' ' from ` ` buy ' ' on friday . he said he has been
looking for discussion of the partnerships in enron ' s sec filings
and is only seeing ` ` vague references ' ' that don ' t leave him with
a ` ` good comfort level . ' '
with heim ' s rating change , enron went from being the second
most highly rated stock in the standard & poor ' s 500 index to the
10 th , according to thomson financial / first call .
today , zach wagner at edward jones & co . in st . louis cut
enron to ` ` reduce ' ' from ` ` accumulate . ' ' ratings by edward jones ,
which caters to individual investors rather than institutions ,
aren ' t tracked by first call .
first call translates analyst ratings into numbers , with
` ` strong buy ' ' a one , ` ` buy ' ' a two , and so on , then averages the
ratings to rank a company ' s wall street popularity . the most
highly rated stock is tyco international ltd . , which has fallen 12
percent this year .
enron shares fell 86 cents to $ 19 . 79 today .
remaining skeptical
however highly brokerage analysts rate the stock , ` ` i have to
remain skeptical , ' ' said barry borak , energy analyst at david l .
babson & co . , which manages $ 60 billion in cambridge ,
massachusetts .
` ` there ' s been a huge loss of management credibility at
enron , ' ' borak said , because of the partnerships and the
unexpected departure in august of jeffrey skilling , who had held
the post of chief executive officer for six months and was heir
apparent to lay . ` ` nobody i ' ve talked to thinks ( skilling ' s
departure ) is for personal reasons , ' ' borak said .
skilling helped transform enron from a gas pipeline company
into the biggest energy trading company . enron also owns power
plants in deregulated markets .
borak said babson doesn ' t own enron shares and won ' t be a
buyer ` ` until i can get better , more thorough information about
what else might pop up in the future . ' '
borak and other investors said enron has a reputation for not
providing enough information about its businesses , and they said
this makes the positive view of the company on wall street more
difficult to understand .
after skilling resigned , lay said the company would be more
open about its businesses . a bullet point in his talk in boston
was ` ` increased transparency of financial and operating results , ' '
according to a handout provided at the boston meeting .
amazed , dismayed
prudential securities inc . analyst carol coale wrote in a
note to clients last week that she was ` ` amazed at the willingness
of enron ' s management to break out earnings and expenses to the
degree that it disclosed in the third quarter . ' '
coale also wrote that she was ` ` dismayed by the apparent
` disguise ' of the additional $ 1 . 2 billion equity hit that was not
disclosed in ( enron ' s ) press release and was briefly mentioned in
the earnings conference call . ' ' coale kept her rating on enron at
` ` buy . ' '
phelps at john hancock said that his ` ` cynical side ' '
believes that investment banking business has helped keep wall
street recommending enron stock . ` ` they provide some good
underwriting business , ' ' he said .
credit suisse first boston managed a secondary sale of 12
million enron shares in 1999 , with lehman brothers acting
as co - manager . credit suisse has also managed bond sales for
enron this year .
enron asks citigroup for $ 750 mln loan , people say ( updatel )
2001 - 10 - 23 16 : 38 ( new york )
enron asks citigroup for $ 750 mln loan , people say ( updatel )
( updates with closing share price in sixth paragraph . )
new york , oct . 23 ( bloomberg ) - - enron corp . , the biggest
energy trader , has asked citigroup inc . to arrange a $ 750 million
loan , ensuring access to credit if the company is cut off from
money markets , say people familiar with the matter .
enron ' s shares and bonds plunged yesterday after the company
said the securities and exchange commission was investigating its
finances . the company depends on a $ 3 billion commercial paper , or
short - term debt , program to finance day - to - day operations .
moody ' s investors service last week placed all $ 13 billion of
the company ' s long - term debt securities on watch for possible
downgrade . any drop in the rating may cut off enron from the
commercial paper market , raising the costs of short - term debt .
` ` we understand that our credit rating is critical to both
the capital markets and our counterparties , ' ' enron ' s chief
financial officer andrew fastow said on a conference call today .
he said enron has $ 3 . 5 billion available on bank credit lines ,
giving it enough cash to operate normally .
dan noonan , a spokesman for citigroup ' s citibank na unit ,
declined to comment . mark palmer , a spokesman for enron , also
wouldn ' t comment .
shares of enron , based in houston , fell 86 cents to $ 19 . 79 .
they have fallen 76 percent this year .
complex financing
an investor sued enron last week , saying dealings with two
partnerships run by fastow , ljm cayman and ljm 2 co - investment ,
cost the company $ 35 million . the suit also calls fastow ' s
leadership of the partnerships , set up to remove debt from enron ' s
books , a conflict of interest .
enron bought back 62 million shares to unwind positions in
some partnerships run by fastow , said chief executive officer ken
lay on the conference call with investors today .
the number of shares differs from a wall street journal
report on thursday that said enron had bought back 55 million
shares . the buyback reduced shareholder equity by $ 1 . 2 billion ,
the journal said .
the company set up the partnerships and other affiliated
companies to buy enron assets such as power plants . the
partnerships allow enron to take debt off its books , letting it
borrow to invest in its main business of commodities trading ,
enron said . enron trades electricity , natural gas , oil , coal and
other commodities .
` ` ` they have complex off - balance sheet financing , ' ' said
commerzbank analyst andre mead . ` ` it ' s difficult to ascertain the
full impact on shareholders . ' '
the sec has asked enron about partnerships and affiliated
companies headed by fastow . the company has at least $ 3 billion in
such ` ` off - the - books ' ' financing in affiliated companies , ray
niles , a salomon smith barney analyst , wrote in a report to
investors .
depends on asset sales
one partnership , whitewing management , owns 250 , 000 preferred
shares that enron may have to convert to common stock . whitewing
partners can demand their preferred shares be converted if enron
common stock falls below a certain price or if enron ' s credit
rating drops under investment grade .
whitewing and other enron partnerships and trusts include
company executives as officers and directors , according to records
from the texas secretary of state .
` ` over the life of these trust structures , enron has in fact
issued a sizable amount of equity , ' ' enron treasurer ben gilsan
said . most of that was shares issued to enron executives as part
of a deferred compensation plan , gilsan said .
the whitewing partnership was financed with $ 1 . 4 billion in
bonds sold last year . the partnership used some of the proceeds to
buy enron power plants and plans to retire the debt by selling
them , officials said on the conference call . other company
partnerships operate with the same strategy .
` ` some investors are worried the asset sales won ' t cover the
full amount ( borrowed ) , and enron will have to furnish support to
the detriment of shareholders , ' ' said commerzbank analyst meade .
commercial paper rates
enron was paying 3 . 15 percent to issue commercial paper until
oct . 31 , which is as much as 15 basis points more than companies
with the same ` ` a 2 / p 2 ' ' short - term credit ratings that are not on
credit watch . enron ' s short - term debt is not on review for a
possible downgrade .
based on bloomberg composite ratings , most of enron ' s long -
term debt is rated at bbb 2 and bbbl , two or three levels above
investment grade . fitch , standard & poor ' s and moody ' s rate the
company ' s debt at investment grade .
enron has previously turned to citigroup for finance and
advice . in 1999 , citigroup ' s salomon smith barney unit advised the
company on its $ 1 . 45 billion acquisition of three natural gas -
fired power plants from cogen technologies inc . citibank , along
with j . p . morgan chase asian , middle eastern , european , african , as well as american - born . they are young , mostly under 35 , and dressed in the aggressively casual uniform of the tech industry - the guys wear khakis , polo shirts , and banana republic button - downs . almost preposterously fit , they move through the building intently , like winners . enron is nothing if not energetic : a big brother - size tv screen frantically reports on the stock market near a bank of elevators , while another hefty black television relaying the same news greets people entering from the garage . a sculpture of the corporate symbol , an e tipped at a jaunty angle , radiates colors as it spins frenetically on its axis ; a starbucks concession on the ground floor keeps everyone properly caffeinated . multicolored , inspirational flags hang from the ceiling , congratulating enron on its diversity and its values ; one more giant banner between elevator banks declares enron ' s simple if grandiose goal : " from the world ' s leading energy company to . . . the world ' s leading company ! "
for a while , that future seemed guaranteed , as enron transformed itself from a stodgy , troubled pipeline company in 1985 to a trading colossus in 2000 . it was a wall street darling , with a stock price that increased 1 , 700 percent in that sixteen - year period , with revenues that increased from $ 40 billion to $ 100 billion . " the very mention of the company in energy circles throughout the world creates reactions ranging from paralyzing fear to envy , " notes a 2001 report from global change associates , a firm that provides market intelligence to the energy business .
this enron was largely the creation of jeff skilling , a visionary determined to transform american business . hired sixteen years ago as a consultant by then - ceo ken lay , skilling helped build a company that disdained the old formula of finding energy in the ground , hauling it in pipelines , and then selling it to refineries and other customers . instead , it evolved into a company that could trade and market energy in all its forms , from natural gas to electricity , from wind to water . if you had a risky drilling venture , enron would fund it for a piece of the action . if you wanted your megacorporation ' s energy needs analyzed and streamlined , enron could do the job . if you were a third world country with a pitiful infrastructure and burgeoning power needs , enron was there to build and build . basically , if an idea was new and potentially - and fantastically - lucrative , enron wanted the first crack . and with each success , enron became ever more certain of its destiny . the company would be the bridge between the old economy and the high - tech world , and in february of this year , skilling reaped his reward when he succeeded lay as chief executive officer . enron , says skilling , " was a great marriage of the risk - taking mentality of the oil patch with the risk - taking mentality of the financial markets . "
the enron story reflects the culture that drove american business at the end of the twentieth century . like the high - tech companies it emulated , enron was going to reinvent the american business model and , in turn , the american economy . maybe it was natural that this brave new world also produced a culture that was based on absolutes : not just the old versus the new , but the best versus the mediocre , the risk takers versus the complacent - those who could see the future versus those who could not . the key was investing in the right kind of intellectual capital . with the best and the brightest , a company couldn ' t possibly go wrong .
or could it ? today enron ' s stock trades at around $ 35 , down from a high of $ 80 in january . the press cast enron as the archvillain of california ' s energy crisis last spring , and skilling caught a blueberry pie in the face for his relentless defense of the free market . a long - troubled power plant project in india threatened the company ' s global ambitions . telecommunications , in which enron was heavily invested , imploded . wall street analysts who once touted the company questioned its accounting practices . some of the change in enron ' s fortunes can be attributed to the economic downturn in uncertain times that has afflicted all of american business . but the culture that the company created and lived by cannot escape blame .
enron , jeff skilling says , had " a totally different way of thinking about business - we got it . " at enron , in fact , you either " got it " or you were gone - it was as simple as black and white . it is not coincidental , then , that the color scheme of skilling ' s river oaks mansion mirrors the corporation he once headed . here , the living room ' s white walls shimmer against the mahogany floors . black leather trims the edge of snowy carpets . billowy sofas set off the jet - black baby grand . in the entry , white orchids cascade from a black vase on a black pedestal table that in turn pools onto cold , white marble . there is only one off - color note : after almost twenty years , jeff skilling is no longer associated with enron , having resigned abruptly after just six months as ceo . once , skilling was hailed as the next jack welch ( general electric ' s masterful ceo ) , as one of worth magazine ' s best ceo ' s in america ( anointed in 2001 ) , and even as a daredevil who hosted the kind of unchained adventure junkets in which , a friend told businessweek , " someone could actually get killed . " today , he sounds more like ebenezer scrooge on christmas morning . " i had no idea what i ' d let go of , " skilling says of all the personal sacrifices he made while retooling enron .
from a black chair in the white library , across from a huge black and white photograph of his daughter and two sons , skilling clarifies . the demands of working 24 - 7 for enron caused him to ignore his personal finances . divorced , he lived in a 2 , 200 - square - foot house without a microwave or a dishwasher . he almost missed his brother ' s wedding . " learning a foreign language - i never learned a foreign language ! " he exclaims . he never once took his youngest son to school . " i ' m interested in the kids . you don ' t do kids in fifteen - minute scheduling . " travel : " you can ' t go to africa for a week and get anything out of it ! " skilling includes the study of architecture and design on his list of missed opportunities , then he stops and sighs . " i ' m not sure that fulfillment in life is compatible with a ceo ' s job , " he says , finally . then his eyes lock on mine , and his voice , which had softened , regains its pragmatic edge . " it would have been easy to stay , " he says . " but that would not have been good for me . "
he ' s a smallish , ruddy - faced man who keeps himself at fighting weight , handsome in the way of corporate titans , with piercing cheekbones and that assiduously stolid gaze . but the impatience skilling once reserved for cautious underlings and dull - witted utility company executives is now targeted at reporters who have labeled his resignation " bizarre " and associates who are bitterly skeptical of his need for family time . his shrug stretches the limits of his shimmering blue button - down , and his matching blue eyes look put upon . " i ' m surprised , " he says , " that people have so much trouble understanding this . "
people who passed through downtown houston in the late eighties or early nineties couldn ' t help but notice a funny and , for its time , novel scene unfolding throughout the workday at the base of the enron building . from nine to five and before and after , you could see people slipping out of the pristine silver skyscraper to smoke . they perched on the chrome banisters or lurked near the glass doors at the entry , puffing like mad . they always looked hurried and furtive , even ashamed . whatever people knew about enron in those days ( and most people didn ' t know much ) , it was often associated with that scene : enron boasted one of the first nonsmoking corporate headquarters in houston , and there couldn ' t have been clearer evidence of its break with the energy world of the past . what macho engineer would have put up with such humiliation ?
but this company was a child of another time , that period in the mid - eighties when chaos enveloped the gas business . federal deregulation of natural gas turned a steady , secure industry , in which gas pipeline companies frequently enjoyed a monopoly in portions of the areas that they served , into a volatile free - for - all . the situation was compounded five years later by federal deregulation of the pipeline business . so it happened that a gentlemanly gas pipeline company , houston natural gas ( hng ) found itself under attack from coastal corporation , oscar wyatt ' s less than gentlemanly firm . hng was then run by lay , a sturdy , taciturn former economics professor and transco chief operating officer who had a passion for military strategy . ( his doctoral thesis at the university of houston was on supply and demand in the vietnam war . ) lay , who was from missouri and never succumbed - at least outwardly - to texas brashness , had done well enough : thanks to canny expansions , hng ' s pipelines stretched from florida to california and throughout the state of texas .
hng fended off coastal , but to protect the company from other takeover attempts , lay nimbly engineered the sale of hng in 1985 to a friendly nebraska pipeline concern called internorth , one of the largest pipeline companies in the country at the time . then , a funny thing happened : hng started acting in a way that would characterize the company for years to come - a lot like coastal . what the nebraskans blithely labeled " the purchase " was being called " the merger " back in houston , and before long , following some particularly brutal politicking between omaha and houston , the company ' s center of gravity started shifting toward texas , and shortly after that , ken lay was running a new company called enron . " over time it became clear that lay had a better vision of the future , " says one person associated with enron at that time . " he never fought change . he embraced change . "
lay had won , but what exactly did that mean ? enron was saddled with massive debt from the takeover attempt , and thanks to deregulation , no longer had exclusive use of its pipelines . without new ideas - for that matter , a whole new business plan - the company could be finished before it really even got started .
like many people who teamed up with enron in the eighties , jeff skilling had spent a lot of time in the midwest , and he was self - made - at fourteen he had been the chief production director at a start - up tv station in aurora , illinois . ( his mother would drop him off there every day after school . ) " i liked being successful when i was working , and i was smart , " he told businessweek earlier this year . but unlike many of his enron colleagues , skilling wasn ' t deliberate and soft - spoken and happy to go home at five o ' clock ; he was anxious and excitable , and nothing , but nothing excited him more than what he would come to call " intellectual capital . " he loved being smart , and he loved being surrounded by smart people . he graduated from southern methodist university , went into banking - assets and liability management - and took on harvard business school , where he graduated in the top 5 percent of his class . then skilling took the next step on what was then the new , souped - up path to american success : he joined manhattan ' s mckinsey and company as a business consultant , and that is where ken lay found him in 1985 .
it is often said of lay that his instincts for hiring the best are flawless , and his choice of skilling probably saved the company . skilling was above all an expert at markets and how they worked . while everyone else was worrying about the gluts and the shortages that defined the gas industry , he alone saw the parallels between gas and other businesses . and so in a world where credit was nearly impossible to come by , skilling came up with what he called the gas bank , which contractually guaranteed both the supply and the price of gas to a network of suppliers and consumers . enron would not be a broker but a banker . it would buy and sell the gas itself and assume the risk involved . and enron would make money on transactions , much like an investment bank would .
skilling worked up some numbers and found them " absolutely compelling . " then the mckinsey consultant took the idea to a meeting of about 25 enron executives . he had a one - page presentation . " almost to a person , " skilling says , " they thought it was stupid . " almost . after skilling left the meeting dejected , he walked ken lay to an elevator and apologized . lay listened and then said , " let ' s go . "
the gas bank was not an overnight success . for months skilling woke up in a cold sweat , sure he had ruined not only his career but the careers of dozens of colleagues who had assisted him . in fact , he had come upon one of those divides that seem to define his life : " i believed this whole world would be different , a huge breakthrough " is the way skilling puts it today , and even if he is typically immodest , he was right . fairly soon after launching , the company sold $ 800 million worth of gas in a week . true to skilling ' s character , success turned out to be a matter of old versus new : he says the joke around enron was that if a company ' s ceo was under fifty , " we were in . " and he was in too : in 1990 skilling finally left mckinsey and joined enron as the head of enron finance corporation , a new division created just for him . in 1991 that company closed a deal that earned $ 11 million in profit . after that , says skilling , " we never looked back . "
skilling and lay also realized that the gas bank couldn ' t work unless it had a trading component . myriad trades were needed to build the market that would make the project go . but by buying and selling enormous quantities of gas , enron not only constructed a market but almost instantly came to dominate it . the company had the best contacts , the best intelligence , and the best access to supplies . that , in turn , attracted more customers who wanted to be part of the play . with so many customers in its pocket , enron could better predict the direction of the market and could use that knowledge to make trades for its own benefit - enron could in effect bet on which way the price of gas would go , as one might do with pork bellies or soybeans , but with startling accuracy , thereby generating profits higher than anyone could have ever imagined .
this change could never have occurred without another change skilling had made : he created , within enron , a new culture to match its new trading business . the idea was to build a " knowledge - based business , " which demanded a skill set not exactly prized by enron ' s employees from the old hng days . most were deliberate , cautious , responsible , somewhat defensive people , most of them men , of course - the kind of people you ' d expect to find working in an industry regulated by the federal government . but now the company needed bolder people for its bold new era : that included anyone who wanted to make money - lots of money - for themselves and for the company . " enron was going to create a niche for itself or die , " one former executive explains . " the people who had narrow views eventually were forced out , because if they had narrow views about other things , they had narrow views about the market . "
skilling wanted smart people but not just any smart people . he wanted the smartest people from schools like harvard , stanford , and maybe , rice . and because his firm was now acting more like a bank than a pipeline company , he wanted to draw from the pool of recruits that would be attracted to the biggest and best investment banks , like merrill lynch or credit suisse first boston . in addition to being smart , enron people were also supposed to be " aggressive . " you were right for enron if you didn ' t want to wait until you were thirty to close your own deals or move up in an organization .
you could see what he was looking for on " super saturdays " at the houston headquarters : eight fifty - minute interviews with ten minute breaks in between - the company might herd as many as four hundred people through in just one day . they were scored from 1 to 5 on their smarts , their problem - solving ability , their passion for hard work , and what at enron was called " a sense of urgency . " people who scored less than 2 . 5 were scratched . the shrewdest candidates knew how to work enron before they were even hired : these were the types that automatically turned down the company ' s first offer , knowing enron would come back with more . the starting salary was around $ 80 , 000 . maybe it wasn ' t a fortune - yet - but the signing bonus , about $ 20 , 000 , was more than enough for a lease on the obligatory porsche boxster or one of the lofts being renovated close to downtown . ( enron people didn ' t live in far - flung suburbs . suburbs were uncool and too far from the office . )
for the lucky winners , enron offered the corporate equivalent of a gifted - and - talented program . new associates learned the latest techniques for structuring energy deals , and there were rotations at enron offices around the globe . the hours were long , but every possible need was taken care of . a company concierge handled all the things important people couldn ' t be bothered with : picking up dry cleaning or prescriptions , shining shoes , cleaning the house , planning a vacation . of course , a lot of people who worked for enron never got to take vacations - they were too busy making money - but they could use the company gym and the company ' s personal trainers . if they were overweight or wanted to quit smoking , they could join enron ' s wellness program . massages were offered six days a week , from seven in the morning until ten at night . " they were so cutting edge , " rhapsodizes someone involved with the company health care program at the time . " they really thought about the psychology and what it took to keep these people going . "
skilling handed out titles analogous to those at wall street firms - analysts , associates , directors , and managing directors - but everyone knew that those titles didn ' t really matter . money did . instead of competitive salaries and decent bonuses , enron offered competitive salaries and merit - based bonuses - with no cap . " if you really worked hard and delivered results , you could make a lot of money , " says ken rice , who stayed with enron for 21 years until resigning recently as the head of the company ' s faltering broadband division . or , as the saying goes , you got to eat what you killed . gas traders with two or three years of experience could wind up with a $ 1 million bonus . and the more you produced , the closer you got to jeff : real hot dogs joined him glacier hiking in patagonia , land cruiser racing in australia , or off - road motorcycling in a re - creation of the baja 1 , 000 race , ending at a spectacular mexican villa . " every time he ' d speak , i ' d believe everything he ' d say , " one loyalist says .
and why not ? by 1995 enron had become north america ' s largest natural - gas merchant , controlling 20 percent of the market . but at a company where the buzzword was " aggressive , " that was no place to stop : skilling and lay believed the gas bank model could easily be applied to the electricity business . firmly committed to the notion that a deregulated market meant better service at lower prices for consumers ( and untold profits for enron ) , they began barnstorming the country , pressing their case with entrenched power company presidents ( who , with their multimillion - dollar salaries and monopoly service areas , had little incentive to change ) and energy regulators ( who were somewhat more receptive , thanks in part to enron ' s generous lobbying efforts ) .
but the biggest winner of all was probably jeff skilling . in 1997 ken lay made him the president and chief operating officer of the company . by then , the division known as enron capital and trade resources was the nations largest wholesale buyer and seller of natural gas and electricity . the division had grown from two hundred to two thousand employees , and revenues from $ 2 billion to $ 7 billion . " mr . skilling ' s experience so far with the turmoil in the industry has convinced him that he is on the right track , " the new york times noted . everyone would certainly have thought so : enron and skilling had totally transformed one industry and were well on their way to transforming another .
" firing up an idea machine ; enron is encouraging the entrepreneurs within , " sang the new york times in 1999 . " in the staid world of regulated utilities and energy companies , enron corp is that gate - crashing elvis , " crowed fortune in 2000 . wall street was demanding tech - size growth on a tech timetable , and enron , in 2000 , obliged with second quarter earnings of $ 289 million , up 30 percent from the previous year . that year the company seemed to discover a market a minute : under skilling , enron was trading coal , paper , steel , and even weather . no one blinked when a london wine bar became an enron client . people drank more in warm weather than cold , so why not buy a hedge against the usual winter downturn ?
but most exciting to the financial world was enron ' s entry into high - tech communications . because of the company ' s marketing dominance , enrononline became another overnight success , handling $ 335 billion in commodity trades online in 2000 . enron , as usual , made its money on the spread between the bid price and the asking price . then there was the broadband business : to enron , trading excess capacity in large , high - speed fiber - optic networks ( empty lanes on the fabled information highway ) wasn ' t that different from trading the capacity of natural gas pipelines . so enron created a market for what the industry calls bandwidth . soon after , it also announced a twenty - year deal with blockbuster to deliver movies on demand electronically to people in their homes . enron looked like a company that couldn ' t lose . " its strategy of building businesses , shedding hard assets , and trading various commodities can help it do well even in an uncertain market , " businessweek insisted .
there was , however , another reason enron did so well in such a short time : the company ' s hard - nosed approach toward its customers . the old notion of customer service was based on the long haul - you had to nurse and coddle customers to keep them . but enron had new markets and new ideas - customers had to come to it . over time , the company stopping referring to its business clients as customers and began calling them " counterparties . "
skilling wanted the biggest profits on the shortest timetable : gains were maximized by creating , owning , and then abandoning a market before it became overtaxed and overregulated . so if you wanted to launch a high - risk venture quickly - such as zilkha energy ' s new high - tech approach to drilling for oil - you got your financing from enron because a bank would take forever to underwrite the project , if it ever would . but because enron invented its markets and subsequently dominated them , enron could set the terms of its deals , from the timeline to the method of accounting to whether the deal happened at all .
while many businesses used what was known in the industry as " mark - to - market accounting , " for instance , enron used it on an unprecedented scale . the company priced their deals at current market value - but it was always enron ' s idea of the market value ; companies that balked at their pricing didn ' t get deals . and while old - fashioned companies spread their profits out like annuities over a period of years , enron took most of its profit up - front . however many millions would be made on a deal that covered several years , they went on the books in the current year . if a few analysts thought there might be something fishy about what they called " subjective accounting , " investors didn ' t particularly care as long as the profits rolled in . as the market fluctuated and the landscape changed , the company might abandon a project that had been in the works for months because its profit margins weren ' t going to be high enough . " enron is known for leaving people at the altar , " says one former employee . winning the highest possible profits for the company could even extend to enron ' s attitude toward charity . when a fundraiser for the houston read commission , a literacy group , called on enron for a contribution , it was suggested that he start raising money for enron ' s competing literacy charity : " even the person who was supposed to give money away for enron was supposed to make money for enron , " he says .
as enron became more and more successful , the culture skilling had created took on a dark side : the competition turned inward . as one member of the enron family put it , " it became a company full of mercenaries . " the change started at the bottom . as enron ' s domination of the energy market grew , most of the recruiting frills fell away . new associates were treated much like the commodities the company traded . global change ' s enron spies reported overhearing orders like " i need a smart person - go buy me one " or " buy me an intelligent slave , quick . " enron had never been the kind of place where people sang to you on your birthday , but now the workaholism bordered on self - parody : a random acts of kindness program lasted only a few months . it was too disruptive . people couldn ' t get their work done .
and , of course , enron had a program for institutionalizing creative tension . the performance review committee , which had initially been installed by skilling in the capital group , became known as the harshest forced ranking system in the country . employees were rated on a scale of one to five , and those with fives were usually gone within six months . ( the prc ' s nickname quickly became " rank and yank . " ) it was a point of pride that skilling ' s division replaced 15 percent of its workforce every year . as one skilling associate put it , " jeff viewed this like turning over the inventory in a grocery store . " skilling ' s approach to business - get in and get out - had become enron ' s attitude toward its workers . in time , it would become many workers ' attitude toward the company . teamwork , never that valuable in a trading culture , went the way of the eyeshade and the abacus . if protocol required an enron higher - up to come from europe to help with a project in the third world , he might help - or he might not , depending on whether another , potentially more lucrative project was pending elsewhere .
everyone felt the pressure to perform on a massive scale at massive speed : " they were so goal oriented toward immediate gratification that they lost sight of the future , " says one former employee . anyone who couldn ' t close deals within a quarter was punished with bad prc scores , as were the higher - ups who had backed them . past errors and old grudges were dredged up so often as new ammunition in prc meetings that the phrase " no old tapes " became an enron clich ? . " people went from being geniuses to idiots overnight , " says one former enron executive .
in such a hothouse , paranoia flowered . new contracts contained highly restrictive confidentiality agreements about anything pertaining to the company . e - mail was monitored . a former executive routinely carried two laptops , one for the company and one for himself . people may have been rich at enron , but they weren ' t necessarily happy . one recruiter described the culture this way : " they roll you over and slit your throat and watch your eyes while you bleed to death . "
before jeff skilling could transform enron from the world ' s leading energy company into the world ' s leading company , he had to make one more change : just as he had done ten years before , skilling had to purge the company of its remaining old order . where enron once prized cautious executives who dealt with tangible assets like pipelines , it now valued bold executives who dealt with intangible assets . pipelines , power plants - they may have been enron ' s pride , but skilling wanted them gone . expensive , long - term building projects had no place when wall street was devoted to quick profits and enormous returns on investment capital , and skilling knew it . " it wasn ' t the time for long - term approaches , " an enron executive says of wall street ' s mood . " it was the technology era . "
to rid enron of the last vestiges of its past , skilling had to take on rebecca mark , long considered his rival for the ceo ' s job . mark was for many years the poster child for the enron way : young , attractive , aggressive - her nickname was mark the shark - she came from sturdy midwestern stock but had the requisite harvard mba . mark was largely responsible for the success of enron international , the asset - heavy side of the company where she developed $ 20 billion worth of gas and power plants , which accounted for 40 percent of enron ' s profits in 1998 . for this she reaped breathtaking compensation - one enron executive estimated $ 10 million - and adoring press clips , including two appearances on fortune ' s list of the fifty most powerful women in corporate america .
but then mark ran into trouble with a gas - fired power plant in dabhol , india , one of the largest ever constructed . she had played the game the enron way : taking enron into a new market , she had finagled low import taxes ( 20 percent instead of the usual 53 ) and hung in through 24 lawsuits and three changes in government . but the time and expense needed to make india and other enron plants around the globe successful did not mesh with enron ' s goals , and skilling ' s impatience with mark grew .
forcing mark out , however , was no easy matter . key executives left , divisions were dismantled , but she remained . the truth was enron didn ' t mind firing lower - level employees , but it hated to fire the kind of aggressive , relentless people it tended to promote . the company preferred humiliation - keeping a director in his cubicle , say , but failing to include him in the glamour deals , or kicking someone upstairs with a fancy title . ( one particularly difficult executive won a few years at graduate school , gratis . ) a company as smart as enron could probably deduce too that dispatching one of the most visible businesswomen in the country would provoke a public - relations disaster . so lay and skilling did something classically enronian : they gave mark her own company . despite skilling ' s contempt for asset - heavy businesses , enron spent more than $ 2 billion to buy a run - of - the - mill british water utility that could serve as enron ' s entry into the emerging world of water privatization . mark was put in charge of making enron , yes , the world ' s greatest water company . azurix , as the new business was called , looked like another sure thing : its ipo in 1999 raised $ 695 million .
but mark had to succeed on enron ' s increasingly abbreviated timetable in a business fraught with political and emotional complexities . water is not like gas or electricity - owners and governments are a lot less willing to give it up , even for lots of money . the company stumbled , layoffs commenced , and confidence evaporated . by august 2000 the stock price , which had started out at $ 19 , had fallen to $ 5 . mark ' s resignation followed , and azurix , much diminished , was folded into enron . " i think it ' s best for rebecca to start afresh , " lay , who had been a mentor to mark , told the wall street journal . or as one critic put it , " they were more interested in destroying the old culture than running a business . "
as 2000 drew to a close , skilling was in total command . in december ken lay announced the inevitable : " the best time for the succession to occur is when the company is doing well , " he told the press . " enron is doing extremely well now . " in february 2001 jeff skilling took over the ceo ' s job .
almost immediately the trouble started . enron ' s domination of the electric - power market made it an instant target in the california deregulation debacle . both pbs ' s frontline and the new york times took on enron , portraying the company as a heartless colossus that used its influence in washington ( lay and enron ' s political action committee are the top contributors to george w . bush ) to force old people on fixed incomes to choose between buying food or electricity . skilling and lay appeared on camera singing belligerent anthems to the free market , while another memorable scene juxtaposed one of the company ' s jackallike traders against a hapless state employee in california , as both tried to buy power online . the times reported that lay had tried to persuade a new federal commissioner to change his views on energy deregulation . the bad press was , to say the least , ironic : just as the media was pounding enron for its omnipotence , wall street was discovering its weaknesses . by late march the stock price had slid to $ 50 a share from $ 80 in january .
within enron , the asset - based divisions took the rap for the decline . ( the india plant continued to be enormously costly , at least in part because of constant turnover within enron ' s management team . ) but the california situation was more visible and therefore more damaging , despite enron ' s claim that the state had never built enough power plants to service its population and never properly managed those it had . " for three months gray davis did a very good job of blaming us , " says mark palmer , a vice president for corporate communications . " we were a texas company . there was a texan in the white house . california was a state that didn ' t put him in office , and his biggest contributor was a texas energy company . performance is going to take care of our stock price . the truth will take care of gray davis . " ( california utilities still owe enron $ 500 million , another reason stockholders might be panicky . ) but more problematic than the crisis itself was skilling ' s all too apparent lack of contrition . facing down his critics , he cracked a joke comparing california with the titanic . ( " at least the titanic went down with its lights on . " )
but the biggest problem was enron ' s telecommunications division , which had been responsible for at least one third of its heady stock price . investors believed that enron could revolutionize high - speed communications , just as it had revolutionized gas and power . enron estimated the global market for buying and selling space over fiber - optic cable would grow from $ 155 billion in 2001 to $ 383 billion by 2004 - but then the tech bubble burst . so too did the much - hyped movies - on - demand deal with blockbuster . for the first time in its confoundingly successful life , enron had nothing new to take to market . like the popular high school girl who suddenly packs on a few pounds , enron suddenly looked less alluring to wall street .
skilling launched a campaign to keep enron ' s most important cheerleaders , the stock analysts , in the tent , but he wasn ' t cut out to be a supplicant . during the reporting of first quarter profits , he called an analyst who challenged enron ' s financial reporting an " asshole . " when the company reported hefty second quarter profits , many analysts questioned whether those profits had come from the generation of new business or from the sale of old assets . ignoring the growing chorus critical of enron ' s accounting , skilling promised , as he always had , that innovations were just around the corner . " there wasn ' t any positive news , " carol coale , of prudential financial , says now . " basically , he talked me out of a downgrade . "
the business press , so generous in the past , turned surly . fortune had asked in march whether enron was overpriced . ( " start with a pretty straightforward question : how exactly does enron make its money ? " ) the routine cashing in of stock options that were about to expire by key executives was portrayed in the media as a fire sale . ( skilling had sold $ 33 million worth , ken lay and ken rice close to four times that amount . ) then the wall street journal reported on a fund run by the cfo that had been a source of strife within the company . ( it was essentially risk management against enron ' s possible failures . ) every negative story seemed to produce a concurrent drop in the stock price : by late august it had fallen below $ 40 . enron , so institutionally unforgiving , finally got a taste of its own medicine . " when wall street is in love with a stock , they ' re forgiving of something like accounting , " says carol coale . " when a company falls out of favor , all these issues carry more weight . "
this fact was not lost on people inside the company , who suddenly started experiencing an attack of conscience . those who had looked the other way as the most powerful enron executives dumped their wives and married their secretaries or carried on flagrant interoffice affairs now saw the error of their ways . " it just created an attitude , " one executive still at enron says . " if senior people are doing that , why are we held to a higher standard ? there was a real culture of ' we ' re above everyone else . ' "
loyalty had never been prized at enron , so there was no reason to expect it now . an old - fashioned , slow - moving company like exxon could demand hardship duty in baku with the promise of greater rewards down the road . " but , " as one houston oilman explains , " if you have to negotiate a hardship duty with someone who doesn ' t have loyalty and has money , then you have a corporation that ' s better suited for good times than bad . "
as it turned out , that description applied to jeff skilling too . as the stock price stubbornly refused to ascend , he made no secret of his unhappiness and frustration . then , after a trip to visit the families of three employees killed at a plant in england , he had an epiphany : life was short ; for him , enron was over . ever stoic , ken lay returned to the ceo ' s office , named a new president , arranged a trip to new york to calm analysts and investors , and promised a kinder , gentler enron in the future . trading anything and everything was out . the company , lay says , will still innovate but " innovate much closer to our core . " as for the culture : " things like the performance review committee , i think we could have applied better . by trying to categorize people into so many different categories , you ended up creating a morale problem . "
that skilling ' s supposedly brilliant colleagues were as shocked at the news of his departure as the rest of the business community may be testament to their lack of emotional intelligence . despite skilling ' s lengthy tenure with enron , he ' d always been contemptuous of the long haul ; he ' d always believed in cutting losses and moving on . but now that he was abandoning them when the company was in trouble , it was different . " even jeff ' s biggest detractors wouldn ' t have wanted him to walk out the door , " one loyalist admits .
but on the day we meet , skilling is looking forward , not back . " look , " he says with finality , " ninety percent of my net worth is in enron . were my interests aligned with the shareholders ? absolutely . "
free of falling stock prices and shareholder pressures , he is nestling himself back into the world of ideas . his eyes flash as he talks about new technologies . " the first wave never gets it right , " he says . " the stand - alone dot - coms didn ' t work , but the technological applications will create a second wave that will change the world . " houston , he promises , will become the world ' s center of commodity trading , and he intends to be a part of it . in fact , he is already shopping for office space .
" this is the second wave , and enron ' s got it , " he says , almost breathless . " there are thousands of people running around the streets of houston that get it . "
enron fails to smooth things over
by peter eavis
senior columnist
thestreet . com
10 / 23 / 2001 01 : 07 pm edt
url :
enron ( ene : nyse - news - commentary ) held a special conference call tuesday to address investor concerns that have weighed heavily on its stock .
but worries may persist after the energy trader offered few new details and the ceo publicly sparred with a gadfly investor over a shadowy off - balance sheet transaction .
the transaction that has drawn most attention in the past week is a complex financing that enron entered into with a partnership called ljm 2 , which was led by enron ' s finance chief andrew fastow . terminating this arrangement led to a $ 1 . 2 billion equity reduction in the third quarter . monday , enron stock plunged 20 % after the company said the securities and exchange commission is probing " related party transactions . " executives declined to respond to questions about fastow ' s role in the ljm 2 partnership on the tuesday call .
another key issue is the impact of the equity reduction . the company said on the call that its share count would decline by 60 million in the fourth quarter , due to the termination of the ljm 2 financing . but ceo ken lay said the company wouldn ' t be increasing its earnings guidance of $ 1 . 80 a share for 2001 and $ 2 . 15 for 2002 .
when a share count drops , earnings per share should normally increase , assuming the earnings number stays constant . the 60 million shares are equivalent to about 6 . 5 % of the company ' s diluted total in the third quarter . as a result , enron should have raised its per - share profits forecast by about that much , assuming constant earnings .
when asked on the call if earnings per share guidance would be increasing , ceo lay replied that the company had previously increased its guidance for this year . he then affirmed the 2002 number .
now , to be fair , enron may not be forecasting lower earnings . the planned reduction in shares may simply bring the total share count back close to a level in the fourth quarter and 2002 that analysts had originally expected . notably , the share count in the third quarter jumped by 20 million , meaning a fourth - quarter reduction might not change matters that much . alternatively , enron may beat fourth - quarter estimates by 6 . 5 % ; perhaps the company has simply chosen not to increase guidance at this stage , given uncertainties in the economy . in any case , more clarity on this matter is clearly needed .
calls to enron weren ' t immediately returned . the stock edged up 2 % tuesday after falling nearly 40 % since last week amid worries about complex off - balance sheet deals .
the call , arranged after enron ' s monday plunge , contained a lot of queries about two trusts , called marlin ii and whitewing , against which enron borrowed some $ 3 . 4 billion . lay became testy after questioning by richard grubman of boston - based hedge fund highfields capital management . grubman , who was called an " a - - hole " by enron ' s former ceo jeff skilling on an april conference call , was trying to find out the value of water assets held by marlin ii . the optimal way of paying back money borrowed through the trust is to sell the water assets .
grubman ' s line of questioning implied that the marlin assets were worth only about $ 100 million , meaning enron would have to find about $ 900 million to pay off the marlin ii - related debt . grubman arrived at $ 100 million after factoring in what he saw as the effects of a third - quarter writedown to water assets , some of which are included in marlin ii .
lay disputed the $ 100 million number . at one point , he accused grubman of driving enron ' s stock down and monopolizing the tuesday conference call . in the middle of grubman ' s comments , lay told the call operator to go to the next caller .
grubman didn ' t immediately return a call seeking comment .
if enron has to find $ 900 million , this can be done by issuing stock or raising cash on its balance sheet . if the latter route is taken , enron says it ' s likely to use asset sales to generate the cash . enron executives said liquidity would be sufficient and detailed at least $ 3 . 35 billion in available credit lines .
but if enron ' s debt - to - capital ratio exceeds 65 % , the covenants on some of those lines are broken . after the $ 1 . 2 billion equity writedown and other charges taken in the third quarter , that ratio is probably about 50 % - 55 % ( enron hasn ' t released a third - quarter balance sheet to arrive at an exact calculation ) . it would take $ 3 billion in further writedowns or charges to push enron ' s debt - to - capital ratio up to 65 % .
stocks
more static for enron
forbes . com staff , forbes . com
10 . 23 . 01 , 11 : 15 am et
new york - enron scrambled again to reassure investors this morning , after it disclosed yesterday that the u . s . securities and exchange commission had asked for information on partnerships run by chief financial officer andrew fastow and other executives .
enron ( nyse : ene ) last week reported a third - quarter loss of $ 638 million after taking $ 1 . 01 billion in charges on ill - fated investments . the market took that in stride until media reports parsed the earnings announcement and disclosed that $ 35 million of those losses were connected with the two limited partnerships run by fastow . enron shares , which plunged 23 % last week , nosedived another 21 % yesterday . enron bounced back slightly in morning trading .
the turmoil makes it clearer than ever that the energy trader ' s problems weren ' t solved by the recent departure of chief executive jeffrey skilling .
aes says indian state interfering in ops , complains to pm
10 / 23 / 2001
dow jones international news
( copyright ( c ) 2001 , dow jones & company , inc . )
new delhi ( ap ) - - after enron corp . it is the turn of u . s . - based aes corp . to seek the indian prime minister ' s help to settle its grievances with a state government .
in a letter to atal bihari vajpayee , aes corp . ' s president dennis w . bakke said his company ' s determination to continue in india was being tested by the government of eastern orissa state .
the letter , a copy of which was made available to the associated press tuesday , was dated oct . 1 and appeared to have been faxed to the office of prime minister atal bihari vajpayee .
the virginia - based energy company operates two power plants in orissa , holds 49 % of the orissa power generation corp . and manages the main power distribution company in the state .
aes corp . is the other major american power company besides enron corp . to have made big investments in india after the government allowed foreign investment in the power sector in the early 1990 s .
in his letter , bakke drew vajpayee ' s attention to the " expropriation , repeated contract violations , intimidation . . . and direct interference with day - to - day management " by the state government and its agencies . the letter also complained about government - run agencies failing to pay 2 . 1 billion rupees ( $ 1 = inr 47 . 985 ) in bills .
" if the situation faced by aes is not remedied urgently , it will undermine the trust and confidence of foreign investors in india , " bakke wrote . " while aes still remains committed to india as a country it would very much like to serve , our determination to continue is being tested . "
the prime minister ' s office said it wasn ' t ready to comment on the report . officials of the orissa state government weren ' t available to respond to bakke ' s charges in view of a hindu festival .
aes corp . has already offered to withdraw from the distribution company - known as the central electricity supply company of orissa . however , it has said that the company will continue with its interests in electricity generation .
if aes corp . decides to pull out completely , it will the third american company to do so .
cogentrix inc . quit a power project in southern india before it was started , while houston - based enron is in the process of withdrawing from the dabhol power project in western maharashtra state , india ' s biggest ever foreign investment project .
on sept . 14 , enron corp . chairman kenneth l . lay wrote a letter to vajpayee threatening legal action to pursue claims of up to $ 5 billion relating to the dabhol power co . dispute and questioned india ' s ability to honor its contracts .
lay had also warned that india may find it hard to attract foreign investors in the future because of the payment dispute with the dabhol project , which stopped production and construction in may .
copyright ? 2000 dow jones & company , inc . all rights reserved .
u . s . - based aes corp . complains about harassment from indian state government
by rajesh mahapatra
associated press writer
10 / 23 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
new delhi , india ( ap ) - the u . s . - based operator of two indian power plants is seeking the help of prime minister atal bihari vajpayee in its battle against alleged corporate intimidation leveled by local government authorities .
aes corp . president dennis w . bakke addressed the concerns in an oct . 1 letter to vajpayee , obtained tuesday by the associated press .
in the letter , the virginia - based energy company cited the " expropriation , repeated contract violations , intimidation . . . and direct interference with day - to - day management " by the local government in the indian state of orissa .
aes operates two power plants in orissa , holds 49 percent of the orissa power generation corp . and manages the main power distribution company in the state .
the complaint follows a similar appeal made to vajpayee on sept . 14 by enron corp . , the only other major u . s . power company to make big investments in india after the government allowed foreign investment in the power sector in the early 1990 s .
in that case , enron chairman kenneth l . lay threatened legal action to pursue claims of up to dlrs 5 billion over a dispute with the dabhol power co . , and questioned india ' s ability to honor contracts .
the prime minister ' s office said it was not ready to comment aes ' s complaint . officials of the orissa state government were not available to respond to bakke ' s charges .
" if the situation faced by aes is not remedied urgently , it will undermine the trust and confidence of foreign investors in india , " bakke wrote . " while aes still remains committed to india as a country it would very much like to serve , our determination to continue is being tested . "
aes corp . has already offered to withdraw from the power distribution company - known as the central electricity supply company of orissa .
if aes corp . decides to pull out completely , it will the third american company to do so .
cogentrix inc . quit a power project in southern india before it was started , while houston - based enron is in the process of withdrawing from the dabhol power project in western maharashtra state , india ' s biggest ever foreign investment project .
( rkm / lak / hg ) | 2001-10-23T00:00:00 |
7,808 | capa 2000 conference vince and stinson ,
alex and i attended the international chinese petroleum and petrocehmical
technology conference
in houston . we presented two talks 1 ) risk management in petroleum industry
and 2 ) real option
valuation of oil field . the section chairman said our talks were the high
moments in the business session .
there were several interesting talks in the business section . i am going to
get a copy of the presentation on
internet opportunity in energy trading , where the author did a study about
all energy trading sites including
enrononline . a talk from a gentleman working for costal ( used to be pal of
song yip ) on real
assets management is also very informative . a talk about using real option
theory for it managenet was
also interesting .
big players , exxonmobil , shell , taxco , and bp have strong presence in the
conference .
i made a copy for you of the keynote speech by bob gee , the assistant energy
secretary under clinton
administration about the energy outlook .
zimin | 0 | ham | capa 2000 conference | vince and stinson ,
alex and i attended the international chinese petroleum and petrocehmical
technology conference
in houston . we presented two talks 1 ) risk management in petroleum industry
and 2 ) real option
valuation of oil field . the section chairman said our talks were the high
moments in the business session .
there were several interesting talks in the business section . i am going to
get a copy of the presentation on
internet opportunity in energy trading , where the author did a study about
all energy trading sites including
enrononline . a talk from a gentleman working for costal ( used to be pal of
song yip ) on real
assets management is also very informative . a talk about using real option
theory for it managenet was
also interesting .
big players , exxonmobil , shell , taxco , and bp have strong presence in the
conference .
i made a copy for you of the keynote speech by bob gee , the assistant energy
secretary under clinton
administration about the energy outlook .
zimin | 2000-12-04T00:00:00 |
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