message_id
int64 0
33.7k
| text
stringlengths 0
228k
| label
int64 0
1
| label_text
stringclasses 2
values | subject
stringlengths 0
3.15k
| message
stringlengths 0
228k
| date
timestamp[s] |
|---|---|---|---|---|---|---|
17,825 | schedule crawler : hourahead failure start date : 1 / 22 / 02 ; hourahead hour : 21 ; hourahead schedule download failed . manual intervention required . | 0 | ham | schedule crawler : hourahead failure | start date : 1 / 22 / 02 ; hourahead hour : 21 ; hourahead schedule download failed . manual intervention required . | 2002-01-22T00:00:00 |
29,932 | congratulations you have won the hague lottery awards , please write back for claim immediately ! ! attn - sir
hague questry lottery
bonpostraat 26
7651 am groningen
the netherlands .
from : the desk of the promotions manager ,
international promotions / prize award department ,
ref : tlot / 33900560 / 04
batch : 24 / ai 90061 / 8482 / ui
attention :
re / award notification ; final notice
we are pleased to inform you of the announcement today , 8 th october , 2004
of winners of the the hague questry promo lottery , the netherlands /
international , programs held on 28 th september , 2004 .
your email address , is attached to a ticket number , with serial number 4399 - 11 and the
lucky numbers preserved and insured
for strict award distinct , identifying your lottery award in the 3 rd category
you have therefore been approved for a lump sum pay out of
us $ 5 , 500 . 000 . 00 in cash credited to file ref no . tlot / 33900560 / 04 . this is from
total prize money of us $ 80 , 400 , 000 . 00 shared among the seventeen
international winners in this category . all participants were selected
through a computer ballot system drawn from 25 , 000 names from aust ralia , new
zealand , america , europe , north america , africa and asia as
part of international promotions program , which is conducted annually .
congratulations ! your fund is now deposited with a security company
insured in your name . due to the mix up of some numbers and names , we
ask that you keep this award strictly from public notice until your
claim has been processed and your money remitted to your account .
this is part of our security protocol to avoid double claiming or
unscrupulous acts by participants of this program .
we hope with a part of your prize , you will participate in our end of
year high stakes us $ 1 . 3 billion international lottery .
to begin your claim , please contact your claims agent ;
mrs brian debby
foreign service director ,
on email address : b _ debbyhague @ hotmail . com
please send your telephone and fax nos along .
for due processing and remittance of your prize money to a designated
account of the official bank to the lottery matters .
remember , all prize money must be claimed not later than 20 th october 2004 .
after this date , all funds will be returned as unclaimed .
note : in order to avoid unnecessary delays and complications , please
remember to quote your reference and batch numbers in every one of your
correspondences with your agent .
furthermore , should there be any change of your address , do inform your
claims agent as soon as possible .
congratulations again from all our staff and thank you for being part
of our promotions program .
sincerely ,
andre woods
the promotions director ,
the hague questry promo lottery , the netherlands . promo lottery , the netherlands . .
n . b . any breach of confidentiality on the part of the winners will
result to disqualification .
sorry for the late information thanks | 1 | spam | congratulations you have won the hague lottery awards , please write back for claim immediately ! ! | attn - sir
hague questry lottery
bonpostraat 26
7651 am groningen
the netherlands .
from : the desk of the promotions manager ,
international promotions / prize award department ,
ref : tlot / 33900560 / 04
batch : 24 / ai 90061 / 8482 / ui
attention :
re / award notification ; final notice
we are pleased to inform you of the announcement today , 8 th october , 2004
of winners of the the hague questry promo lottery , the netherlands /
international , programs held on 28 th september , 2004 .
your email address , is attached to a ticket number , with serial number 4399 - 11 and the
lucky numbers preserved and insured
for strict award distinct , identifying your lottery award in the 3 rd category
you have therefore been approved for a lump sum pay out of
us $ 5 , 500 . 000 . 00 in cash credited to file ref no . tlot / 33900560 / 04 . this is from
total prize money of us $ 80 , 400 , 000 . 00 shared among the seventeen
international winners in this category . all participants were selected
through a computer ballot system drawn from 25 , 000 names from aust ralia , new
zealand , america , europe , north america , africa and asia as
part of international promotions program , which is conducted annually .
congratulations ! your fund is now deposited with a security company
insured in your name . due to the mix up of some numbers and names , we
ask that you keep this award strictly from public notice until your
claim has been processed and your money remitted to your account .
this is part of our security protocol to avoid double claiming or
unscrupulous acts by participants of this program .
we hope with a part of your prize , you will participate in our end of
year high stakes us $ 1 . 3 billion international lottery .
to begin your claim , please contact your claims agent ;
mrs brian debby
foreign service director ,
on email address : b _ debbyhague @ hotmail . com
please send your telephone and fax nos along .
for due processing and remittance of your prize money to a designated
account of the official bank to the lottery matters .
remember , all prize money must be claimed not later than 20 th october 2004 .
after this date , all funds will be returned as unclaimed .
note : in order to avoid unnecessary delays and complications , please
remember to quote your reference and batch numbers in every one of your
correspondences with your agent .
furthermore , should there be any change of your address , do inform your
claims agent as soon as possible .
congratulations again from all our staff and thank you for being part
of our promotions program .
sincerely ,
andre woods
the promotions director ,
the hague questry promo lottery , the netherlands . promo lottery , the netherlands . .
n . b . any breach of confidentiality on the part of the winners will
result to disqualification .
sorry for the late information thanks | 2004-10-08T00:00:00 |
4,818 | i ' m glad we met totally awesome
city by city guide of chics that want to
meeeeeeeeeeet dudes that want nothing more than to
hoooooooooook up for discreeeeet action , nauauauaghty times ,
wild fun , casual dates or full blown a - nal lnter course , etc .
the database is at zero cost to women so it ' s loaded with
babes from every single state .
you will always find what you are looking for in here ,
come one come all .
nomore if this
http : / / yourdatingfun . com / r . html
all she gave expellable durham bitterroot gabardine .
even though he bullseye rid affricate everthything
all she gave despot satin ' chlordane .
even though he three contestant gusset amicablefilmalb things that shortcut lookup dinnertime .
paliourg @ iit . demokritos . gr . | 1 | spam | i ' m glad we met | totally awesome
city by city guide of chics that want to
meeeeeeeeeeet dudes that want nothing more than to
hoooooooooook up for discreeeeet action , nauauauaghty times ,
wild fun , casual dates or full blown a - nal lnter course , etc .
the database is at zero cost to women so it ' s loaded with
babes from every single state .
you will always find what you are looking for in here ,
come one come all .
nomore if this
http : / / yourdatingfun . com / r . html
all she gave expellable durham bitterroot gabardine .
even though he bullseye rid affricate everthything
all she gave despot satin ' chlordane .
even though he three contestant gusset amicablefilmalb things that shortcut lookup dinnertime .
paliourg @ iit . demokritos . gr .
| 2005-03-11T00:00:00 |
2,492 | new coastal production coastal plans to bring up the monte cristo ( meter 9873 ) today . hpl is buying
the residue ( net 15 % pvr ) at stratton effective today ( vol . of 34 m ) . this
gas is to be transported by hpl to the inlet ( meter 980415 ) and may or may
not be repurchased at the tailgate . at this time , this gas is scheduled on
the strangers it agmt . , we are waiting for brian riley to return to the
office so that we can determine if this will need to be placed on a separate
transport agreement to the plant inlet , or added to the old agreement . i
will try to keep everyone apprised to the extent that i am in the loop .
mary | 0 | ham | new coastal production | coastal plans to bring up the monte cristo ( meter 9873 ) today . hpl is buying
the residue ( net 15 % pvr ) at stratton effective today ( vol . of 34 m ) . this
gas is to be transported by hpl to the inlet ( meter 980415 ) and may or may
not be repurchased at the tailgate . at this time , this gas is scheduled on
the strangers it agmt . , we are waiting for brian riley to return to the
office so that we can determine if this will need to be placed on a separate
transport agreement to the plant inlet , or added to the old agreement . i
will try to keep everyone apprised to the extent that i am in the loop .
mary | 2001-01-30T00:00:00 |
2,865 | spot deals - april , 2001 the following have been entered as spot deals for april , 2001 :
deal # counterparty meter # trade zone volume
689849 amerada hess 0435 09 2 , 714
689850 anadarko 0435 09 1 , 104
689851 apache corp 0435 09 1 , 326
689893 barrett res 0435 09 1 , 536
690252 stone energy 9696 06 4 , 030
691156 cima energy 6284 05 361
689894 crosstex 0435 09 656
691773 crosstex 6519 05 1
691813 crosstex 9843 05 106
692651 comstock 9878 08 500
691873 duke energy 6347 21 144
691982 embassy 6598 22 1
692011 el paso mer 5848 05 203
692026 el paso mer 5923 05 622
688602 four square 9705 08 776
692207 helmerich & p 9841 06 6 , 500
692215 hesco 9876 05 85
692246 hurd ent 5427 18 4
689896 ocean en 0435 09 3 , 607
689508 phillips 6782 06 4 , 013
692461 ranger oil 9871 09 147
689898 seneca res 0435 09 3 , 073
692844 houston ex 9696 06 5 , 000
689814 pure res 9685 05 139
689905 tri - union 0435 09 149
692898 whiting petr 6523 12 113
bob | 0 | ham | spot deals - april , 2001 | the following have been entered as spot deals for april , 2001 :
deal # counterparty meter # trade zone volume
689849 amerada hess 0435 09 2 , 714
689850 anadarko 0435 09 1 , 104
689851 apache corp 0435 09 1 , 326
689893 barrett res 0435 09 1 , 536
690252 stone energy 9696 06 4 , 030
691156 cima energy 6284 05 361
689894 crosstex 0435 09 656
691773 crosstex 6519 05 1
691813 crosstex 9843 05 106
692651 comstock 9878 08 500
691873 duke energy 6347 21 144
691982 embassy 6598 22 1
692011 el paso mer 5848 05 203
692026 el paso mer 5923 05 622
688602 four square 9705 08 776
692207 helmerich & p 9841 06 6 , 500
692215 hesco 9876 05 85
692246 hurd ent 5427 18 4
689896 ocean en 0435 09 3 , 607
689508 phillips 6782 06 4 , 013
692461 ranger oil 9871 09 147
689898 seneca res 0435 09 3 , 073
692844 houston ex 9696 06 5 , 000
689814 pure res 9685 05 139
689905 tri - union 0435 09 149
692898 whiting petr 6523 12 113
bob | 2001-03-26T00:00:00 |
28,146 | nbpl announces new bison pipeline project note : there will be a briefing meeting on the project in denver on nov . 14
n . border plans extension to tap powder river basin
powder river basin gas producers may be about to get a more direct route to
midwest markets . northern border pipeline has released plans to build a new
325 - mile greenfield pipeline from mccabe , mt , to gillette , wy , to tap the
rapidly growing production in the powder river , which is estimated to hold
between 10 and 30 tcf of gas .
the basin ' s rapid production growth has captured the attention of the
industry , with numerous proposed pipelines , including several new interstate
plans that would bring gas to the midcontinent gas grid . northern border ' s
project , called the bison pipeline , would add a new route out of the basin
for between 375 , 000 and 500 , 000 mmbtu / d of production starting in november
2003 . the pipeline is holding an open season on the proposal through dec . 5 .
receipt points are proposed with bighorn , fort union gas gathering , migc and
thunder creek gas services . a bi - directional interconnect accessing williston
basin interstate pipeline ' s baker storage field also is proposed .
the connection with northern border will provide powder river producers with
direct access to several local distribution companies , including
montana - dakota , alliant interstate power , midamerican energy , nicor gas ,
people gas and nipsco . it also provides access to anr pipeline , midwestern ,
ngpl , northern and vector .
the projected recourse rate is 26 cents / dth / d , but a negotiated 10 - year
demand rate cuts 4 cents off that . the pipeline is offering
" mileage - sensitive rates , " which are expected to allow a shipper to tailor
supply access and optimize transportation value .
northern border plans to hold a briefing on the project in denver on nov . 14 .
for more information , contact project director paul miller in omaha , nb , at
( 402 ) 398 - 7758 or james hoff in denver at ( 303 ) 575 - 6475 , or see the
pipeline ' s web site at www . . com . | 0 | ham | nbpl announces new bison pipeline project | note : there will be a briefing meeting on the project in denver on nov . 14
n . border plans extension to tap powder river basin
powder river basin gas producers may be about to get a more direct route to
midwest markets . northern border pipeline has released plans to build a new
325 - mile greenfield pipeline from mccabe , mt , to gillette , wy , to tap the
rapidly growing production in the powder river , which is estimated to hold
between 10 and 30 tcf of gas .
the basin ' s rapid production growth has captured the attention of the
industry , with numerous proposed pipelines , including several new interstate
plans that would bring gas to the midcontinent gas grid . northern border ' s
project , called the bison pipeline , would add a new route out of the basin
for between 375 , 000 and 500 , 000 mmbtu / d of production starting in november
2003 . the pipeline is holding an open season on the proposal through dec . 5 .
receipt points are proposed with bighorn , fort union gas gathering , migc and
thunder creek gas services . a bi - directional interconnect accessing williston
basin interstate pipeline ' s baker storage field also is proposed .
the connection with northern border will provide powder river producers with
direct access to several local distribution companies , including
montana - dakota , alliant interstate power , midamerican energy , nicor gas ,
people gas and nipsco . it also provides access to anr pipeline , midwestern ,
ngpl , northern and vector .
the projected recourse rate is 26 cents / dth / d , but a negotiated 10 - year
demand rate cuts 4 cents off that . the pipeline is offering
" mileage - sensitive rates , " which are expected to allow a shipper to tailor
supply access and optimize transportation value .
northern border plans to hold a briefing on the project in denver on nov . 14 .
for more information , contact project director paul miller in omaha , nb , at
( 402 ) 398 - 7758 or james hoff in denver at ( 303 ) 575 - 6475 , or see the
pipeline ' s web site at www . . com . | 2000-11-03T00:00:00 |
11,290 | simmons fyi - an excerpt from today ' s simmons note on ene ' s conf . call from friday
that summarizes their view of enron . if you ' d like to listen to the call ,
it can be accessed on the www . enron . com website under " investors " .
jeff dietert , simmmons , will be joining craig albert in the meeting tues . afternoon
i am headed to nyc on tuesday for marketing . joining craig and jeff from enron ir
will be scott vonderheide and david leboe ( david is new to ir from wes colwell ' s structuring
group ) . pls . call if you have anything you ' d like to discuss prior to the meeting .
thanks , paula
summary : ene held a conference call primarily to confirm that its business
units are on - track and to dispel some rumors in the marketplace . ene
reiterated its fyol eps guidance of $ 1 . 70 - $ 1 / 75 , which we consider to be
conservative ( consensus is $ 1 . 74 / sh , sci - $ 1 . 80 / sh ) . ene did not discuss
any change to lqol eps expectations ( guidance $ 0 . 40 - $ 0 . 45 / sh , consensus
$ 0 . 45 , sci $ 0 . 43 / sh ) . many of ene ' s comments concerning the wholesale
energy trading confirm comments we are consistently getting from all the
energy convergence players . the california situation is forcing utilities
across the country to deal with risk exposure to avoid a pg & e / edison
situation . most utilities and other gas / electricity consumers are not
prepared to manage these risk and are now outsourcing energy management
activities to sophisticated marketing companies . in addition , new
generation facilities are offering gas marketing opportunities . ene is
clearly the leader in energy marketing , trading & risk management . there
are a few other sophisticated mt & rm companies ( dyn , epg , wmb , duk , mir ,
aquila ) , but there is a huge drop in sophistication below these top tier
marketers . we believe the vast majority of the opportunity is being
captured by these few strong players . ene is expecting lqol natural gas
volumes to be up 25 % to 30 % and electricity volumes to be up 25 % to 50 %
over lqo 0 .
opinion : it is tough to get excited about buying a 30 x multiple stock is a
market as ugly as the one we are currently experiencing . however , ene is
the leader in energy convergence and should be a part of any growth and / or
energy portfolio . there are few opportunities to build a position in the
stock at reasonable valuations and we believe ene ' s current valuation is
very attractive ( 31 x fyol , 26 x fyo 2 ) . business fundamentals are quite
strong and ene is benefiting from a market where tight energy markets
encourage customers to focus on large , well - established suppliers for their
energy requirements .
clearing up the noise :
ebs layoffs . rumors have circulated that ene was laying off employees
in its broadband segment and even that it was disbanding its broadband
business . we expect ene to continue to build the intermediation and
content services units . ene expects to build its network with a larger
percentage of contracted capacity than previously expected and reduced
its capital expenditure expectations from $ 750 million this year to $ 250
million . the reduced activity in building out the network is
contributing to reduced staffing requirements in the network area .
pge divestiture . ceo jeff skilling placed only a 5 % probability on the
completion of the $ 1 . 7 billion pge sale to sierra pacific . the pge
asset is likely to continue as part of the ene portfolio in the
near - term . we had previously considered pge to be a discontinued
business . pge eps contributions will be marginally positive to fyol eps
expectations .
india generation . ene ' s dabhol , india power project ( 826 mw ) is
experiencing a similar crisis to the one in california . the electricity
purchaser of the power generated by dabhol is backed by the indian
government , but has not been able to pass through the increased cost of
power caused by higher oil prices . ene has been relying on the
guarantee from the indian government for payment for its electricity
sales . ene has continued to receive payment from he government but is
subject to regulatory risks for this project .
california credit exposure . we believe ene is managing its credit risk
appropriately . | 0 | ham | simmons | fyi - an excerpt from today ' s simmons note on ene ' s conf . call from friday
that summarizes their view of enron . if you ' d like to listen to the call ,
it can be accessed on the www . enron . com website under " investors " .
jeff dietert , simmmons , will be joining craig albert in the meeting tues . afternoon
i am headed to nyc on tuesday for marketing . joining craig and jeff from enron ir
will be scott vonderheide and david leboe ( david is new to ir from wes colwell ' s structuring
group ) . pls . call if you have anything you ' d like to discuss prior to the meeting .
thanks , paula
summary : ene held a conference call primarily to confirm that its business
units are on - track and to dispel some rumors in the marketplace . ene
reiterated its fyol eps guidance of $ 1 . 70 - $ 1 / 75 , which we consider to be
conservative ( consensus is $ 1 . 74 / sh , sci - $ 1 . 80 / sh ) . ene did not discuss
any change to lqol eps expectations ( guidance $ 0 . 40 - $ 0 . 45 / sh , consensus
$ 0 . 45 , sci $ 0 . 43 / sh ) . many of ene ' s comments concerning the wholesale
energy trading confirm comments we are consistently getting from all the
energy convergence players . the california situation is forcing utilities
across the country to deal with risk exposure to avoid a pg & e / edison
situation . most utilities and other gas / electricity consumers are not
prepared to manage these risk and are now outsourcing energy management
activities to sophisticated marketing companies . in addition , new
generation facilities are offering gas marketing opportunities . ene is
clearly the leader in energy marketing , trading & risk management . there
are a few other sophisticated mt & rm companies ( dyn , epg , wmb , duk , mir ,
aquila ) , but there is a huge drop in sophistication below these top tier
marketers . we believe the vast majority of the opportunity is being
captured by these few strong players . ene is expecting lqol natural gas
volumes to be up 25 % to 30 % and electricity volumes to be up 25 % to 50 %
over lqo 0 .
opinion : it is tough to get excited about buying a 30 x multiple stock is a
market as ugly as the one we are currently experiencing . however , ene is
the leader in energy convergence and should be a part of any growth and / or
energy portfolio . there are few opportunities to build a position in the
stock at reasonable valuations and we believe ene ' s current valuation is
very attractive ( 31 x fyol , 26 x fyo 2 ) . business fundamentals are quite
strong and ene is benefiting from a market where tight energy markets
encourage customers to focus on large , well - established suppliers for their
energy requirements .
clearing up the noise :
ebs layoffs . rumors have circulated that ene was laying off employees
in its broadband segment and even that it was disbanding its broadband
business . we expect ene to continue to build the intermediation and
content services units . ene expects to build its network with a larger
percentage of contracted capacity than previously expected and reduced
its capital expenditure expectations from $ 750 million this year to $ 250
million . the reduced activity in building out the network is
contributing to reduced staffing requirements in the network area .
pge divestiture . ceo jeff skilling placed only a 5 % probability on the
completion of the $ 1 . 7 billion pge sale to sierra pacific . the pge
asset is likely to continue as part of the ene portfolio in the
near - term . we had previously considered pge to be a discontinued
business . pge eps contributions will be marginally positive to fyol eps
expectations .
india generation . ene ' s dabhol , india power project ( 826 mw ) is
experiencing a similar crisis to the one in california . the electricity
purchaser of the power generated by dabhol is backed by the indian
government , but has not been able to pass through the increased cost of
power caused by higher oil prices . ene has been relying on the
guarantee from the indian government for payment for its electricity
sales . ene has continued to receive payment from he government but is
subject to regulatory risks for this project .
california credit exposure . we believe ene is managing its credit risk
appropriately . | 2001-03-26T00:00:00 |
2,625 | nom / actual flow for 2 / 22 / 01 we agree .
- - - - - - - - - - - - - - - - - - - - - - forwarded by david avila / lsp / enserch / us on 02 / 23 / 2001
10 : 15 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" eileen ponton " on 02 / 23 / 2001 10 : 14 : 42 am
to : david avila / lsp / enserch / us @ tu , charlie stone / texas utilities @ tu , melissa
jones / texas utilities @ tu
cc :
subject : nom / actual flow for 2 / 22 / 01
nom = 60 , 000
actual flow = 58 , 094 ( 56 , 567 mcf , 1 . 027 btu ) | 0 | ham | nom / actual flow for 2 / 22 / 01 | we agree .
- - - - - - - - - - - - - - - - - - - - - - forwarded by david avila / lsp / enserch / us on 02 / 23 / 2001
10 : 15 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" eileen ponton " on 02 / 23 / 2001 10 : 14 : 42 am
to : david avila / lsp / enserch / us @ tu , charlie stone / texas utilities @ tu , melissa
jones / texas utilities @ tu
cc :
subject : nom / actual flow for 2 / 22 / 01
nom = 60 , 000
actual flow = 58 , 094 ( 56 , 567 mcf , 1 . 027 btu ) | 2001-02-23T00:00:00 |
21,507 | aim ? rolex , cartier and breitling _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
| _ _ _ _ _ / | | | | _ _ _ _ _ _ \ _ _ _ /
| \ _ | _ _ _ _ _ | | _ _ _ _ _ | _ _ _ _ _ _ _ / \ _
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
* daytona , submariner , oyster perpetual *
visit our online store . http : / / kpkxo . rado . com = 20 / r / 4321 / tgslcz
* genuine swiss replicas
* wholesale prices ( save upto 200 % )
* same day shipping ( world wide )
forbid ? http : / / sywxs . wrlst . com / e . php | 1 | spam | aim ? rolex , cartier and breitling | _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
| _ _ _ _ _ / | | | | _ _ _ _ _ _ \ _ _ _ /
| \ _ | _ _ _ _ _ | | _ _ _ _ _ | _ _ _ _ _ _ _ / \ _
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
* daytona , submariner , oyster perpetual *
visit our online store . http : / / kpkxo . rado . com = 20 / r / 4321 / tgslcz
* genuine swiss replicas
* wholesale prices ( save upto 200 % )
* same day shipping ( world wide )
forbid ? http : / / sywxs . wrlst . com / e . php
| 2005-03-12T00:00:00 |
150 | reliant energy entex transaction # 4 just fyi ,
the following transaction expires february 29 , 2000 :
transaction # 4
5 , 000 / day
price = 2 . 71 fixed
note : this volume will roll up into transaction # 1 ( excess volume priced at
index + . 769 )
thanks . | 0 | ham | reliant energy entex transaction # 4 | just fyi ,
the following transaction expires february 29 , 2000 :
transaction # 4
5 , 000 / day
price = 2 . 71 fixed
note : this volume will roll up into transaction # 1 ( excess volume priced at
index + . 769 )
thanks . | 2000-01-17T00:00:00 |
21,721 | cheap pharmacy su do you want cheap and new overseas drugs ? http : / / www . druq . net / | 1 | spam | cheap pharmacy su | do you want cheap and new overseas drugs ? http : / / www . druq . net /
| 2005-04-15T00:00:00 |
11,418 | re : please give sean long a ring since you are reading e - mails , i thought i would let you know how things went with ozzie . i met with him on saturday and made the proposal we discussed . he said he was interested and wanted to follow up with a conversation on resources and compensation . i would suggest flexibility on compensation and also help in getting additional resources . i would like , however for ozzie to recognize that he would be part of the team . this is critical to integrating and optimizing the market / opportunistic approach of the regions with the product approach of generation investments . i believe that the synergies ( terrible word i ' m sorry ) here could be substantial . if he wants to be autonomous i don ' t need him . he said he was meeting with you tomorrow . i ' ll call you on monday . | 0 | ham | re : please give sean long a ring | since you are reading e - mails , i thought i would let you know how things went with ozzie . i met with him on saturday and made the proposal we discussed . he said he was interested and wanted to follow up with a conversation on resources and compensation . i would suggest flexibility on compensation and also help in getting additional resources . i would like , however for ozzie to recognize that he would be part of the team . this is critical to integrating and optimizing the market / opportunistic approach of the regions with the product approach of generation investments . i believe that the synergies ( terrible word i ' m sorry ) here could be substantial . if he wants to be autonomous i don ' t need him . he said he was meeting with you tomorrow . i ' ll call you on monday . | 2001-04-08T00:00:00 |
32,218 | hardcore action with college girls ! - - x x x awarness - free lifetime passes - hot themes - -
reality porn mega site is a one of a kind premier high quality reality porn website .
we are sure you will enjoy the high speed videos and top qialitypictures we offer .
there are different nieches just to increase your viewing pleasure with features like
webcams , weekly updates , coming soon sections and user - friendly interface to see what ' s hot !
this week we offer free lifetime passes and passwords to affiliated sites .
hottest themes are : real gangbangs , she likes it big , m . i . l . f galleries ,
backseat f & s and many many more ! | 1 | spam | hardcore action with college girls ! | - - x x x awarness - free lifetime passes - hot themes - -
reality porn mega site is a one of a kind premier high quality reality porn website .
we are sure you will enjoy the high speed videos and top qialitypictures we offer .
there are different nieches just to increase your viewing pleasure with features like
webcams , weekly updates , coming soon sections and user - friendly interface to see what ' s hot !
this week we offer free lifetime passes and passwords to affiliated sites .
hottest themes are : real gangbangs , she likes it big , m . i . l . f galleries ,
backseat f & s and many many more !
| 2005-03-18T00:00:00 |
11,945 | epower : europe ' s power derivatives . . . ( enron mention ) please find attached the following article / s :
' epower : virtual exchange concentrating europe ' s power derivatives liquidity ' - energy & power risk management
kind regards ,
kuldeep chana | 0 | ham | epower : europe ' s power derivatives . . . ( enron mention ) | please find attached the following article / s :
' epower : virtual exchange concentrating europe ' s power derivatives liquidity ' - energy & power risk management
kind regards ,
kuldeep chana | 2001-06-20T00:00:00 |
13,610 | enron mentions enron discusses credit line of $ 1 billion to $ 2 billion with banks
the wall street journal , 10 / 29 / 01
manager ' s journal : how enron ran out of gas
the wall street journal , 10 / 29 / 01
enron seeks additional financing
the new york times , 10 / 29 / 01
global investing : enron stock plunge deals a heavy blow to mutual funds
financial times ; oct 29 , 2001
comment & analysis - enron flickers .
financial times , 10 / 29 / 01
front page - companies reportedly for 1 - 2 bln usd
afx ( ap ) , 10 / 29 / 01
enron said seeking new credit lines
american banker , 10 / 29 / 01
usa : enron in talks for $ 1 - 2 bln credit line - wsj .
reuters english news service , 10 / 29 / 01
japan : japan ' s teijin , enron study coal - fired power plant .
reuters english news service , 10 / 29 / 01
enron , teijin to build power plant in japan , report says
bloomberg , 10 / 29 / 01
once - mighty enron strains under scrutiny
the new york times , 10 / 28 / 01
plumbing mystery of deals by enron
the new york times , 10 / 28 / 01
investors seem to ignore discouraging news
the new york times , 10 / 28 / 01
enron asks banks for more credit after stock slide , ft reports
bloomberg , 10 / 28 / 2001
enron asks banks for additional credit - ft
dow jones energy service , 10 / 28 / 01
week in review top stories oct . 22 - 26 lockheed edges out boeing for contract
los angeles times , 10 / 28 / 01
devon energy makes building its own with major lease
houston chronicle , 10 / 28 / 01
india press : enron plans to exit lng shipping jv
dow jones international news , 10 / 28 / 01
enron taps all its credit lines to buy back $ 3 . 3 billion of debt
the new york times , 10 / 27 / 01
companies stock slides
associated press newswires , 10 / 27 / 01
enron decline continues
los angeles times , 10 / 27 / 01
enron taps credit line ; stock slides / company says cash will boost confidence
houston chronicle , 10 / 27 / 01
enron says microsoft breached contract
houston chronicle , 10 / 27 / 01
how to lose a war
the new york times , 10 / 27 / 01
city - enron directors cash in shares .
the daily telegraph , 10 / 27 / 01
india : lenders to meet over enron ' s dabhol on nov 3 .
reuters english news service , 10 / 27 / 01
enron sues microsoft for breach of contract ; move could block high - speed service
the seattle times , 10 / 27 / 01
enron discusses credit line of $ 1 billion to $ 2 billion with banks
by jathon sapsford and john emshwiller
staff reporters of the wall street journal
10 / 29 / 2001
the wall street journal
al 0
( copyright ( c ) 2001 , dow jones & company , inc . )
enron corp . , scrambling to restore confidence in its finances , is negotiating with banks for a new credit line of between $ 1 billion and $ 2 billion , and is likely to close a deal within days , according to officials familiar with the matter .
the new credit line is intended to bolster enron ' s financial condition and head off a potentially devastating loss of investor and business confidence . the new credit would supplement existing lines , which are largely tapped out after enron last week drew down about $ 3 billion to increase cash reserves and calm fears in the stock , bond and energy markets .
an enron spokesman confirmed that the company is negotiating a new credit line , but said he couldn ' t supply any further details .
houston - based enron is the nation ' s biggest energy trader and a principal in nearly one - quarter of all electricity and natural - gas trades . once a favorite of wall street , the company now is in the unfamiliar position of convincing a deeply concerned investment community that , despite difficulties , its finances remain sound .
confidence in enron ' s financial situation was shaken after enron earlier this month announced a $ 618 million third - quarter loss and disclosed a $ 1 . 2 billion erosion of shareholder equity related to controversial transactions it had done with entities connected to its then - chief financial officer , andrew fastow .
last week , enron replaced mr . fastow and said that the securities and exchange commission was looking into the transactions . the company has consistently said that the transactions were proper and legal .
enron ' s stock price fell again friday . as of 4 p . m . , in composite trading on the new york stock exchange , enron shares were down 95 cents at $ 15 . 40 . enron shares have fallen 50 % in the past two weeks and are down 83 % from a sept . 18 , 2000 , high of $ 89 . 63 .
late last week , enron tapped its existing credit lines , with part of that money being used to redeem nearly $ 2 billion of its outstanding commercial paper , or short - term corporate ious . ron barone of credit - rating agency standard & poor ' s said he believes that enron was " getting a bit more resistance " recently in rolling over its commercial paper as it came due . thus , enron probably decided it would be easier simply to redeem the paper outstanding , he said .
the enron spokesman yesterday said that paying off the commercial paper and still leaving the company with an additional roughly $ 1 billion cash on hand would give it more financial flexibility .
also last week , credit - rating agencies warned investors they were reviewing enron ' s debt and commercial - paper ratings for a possible downgrade . a lower rating could hamper enron ' s core trading businesses .
behind the worries among these agencies , in part , is the loss of investor confidence , which one of the rating companies , fitch , said in a report last week could impair " enron ' s financial flexibility and access to capital markets , therefore impacting its ability to conduct its business . "
the enron spokesman said yesterday that the company ' s trading partners are doing business with enron on " essentially the same terms " as they have in the past . " there has been no significant change in the credit conditions , " he said . trading partners demanding significantly stricter terms from enron would be a sign of further deteriorating confidence in the energy giant ' s finances .
the banks involved in the current negotiations , including j . p . morgan chase & co . and citigroup inc . , are asking enron for stricter covenants on the new credit line than they had asked for in the past , one official said .
bankers involved with the company say the goal of the new credit line is to show the investment community that enron can meet its commitments . " confidence in this company was lost , " said one bank official involved in the negotiations for a new credit line . " but confidence will be restored . "
corporations of enron ' s size commonly establish credit lines only to demonstrate to the investment community that in case of an emergency , they have access to cash . in practice , few companies actually make use of these lines . thus , drawing down credit lines , while providing immediate cash , also illustrates the pressure enron is feeling .
copyright ? 2000 dow jones & company , inc . all rights reserved .
manager ' s journal : how enron ran out of gas
by paul kedrosky
10 / 29 / 2001
the wall street journal
a 22
( copyright ( c ) 2001 , dow jones & company , inc . )
is troubled enron corp . the long term capital management of the energy markets , or merely yet another mismanaged company whose executives read too many of their own press releases ? or is poor enron just misunderstood ? those are the questions after another week of chinese water torture financial releases from the beleaguered houston - based energy concern .
a year ago enron was the hottest of the hot . while tech stocks were tanking , enron ' s shares gained 89 % during 2000 . even die - hard enron skeptics - - of which there are many - - had to concede that last year was a barnburner for the company . earnings were up 25 % , and revenues more than doubled .
not bad , considering where the company came from . a decade ago 80 % of enron ' s revenues came from the staid ( and regulated ) gas - pipeline business . no longer . enron has been selling those assets steadily , partly fuelling revenues , but also expanding into new areas . by 2000 , around 95 % of its revenues and more than 80 % of its profits came from trading energy , and buying and selling stakes in energy producers .
the stock market applauded the move : at its peak , enron was trading at around 55 times earnings . that ' s more like cisco ' s once tropospheric valuation than the meager 2 . 5 times earnings the market affords enron competitor duke energy .
but enron management wanted more . it was , after all , a " new economy " web - based energy trader where aggressive performers were lucratively rewarded . according to enron chairman and ceo ken lay , the company deserved to be valued accordingly . at a conference early this year he told investors the company ' s stock should be trading much higher - - say $ 126 , more than double its price then .
then the new economy motor stalled . the company ' s president left under strange circumstances . and rumors swirled about enron ' s machinations in california ' s energy markets . investors pored over enron ' s weakening financial statements . but enron analysts must have the energy and persistence of talmudic scholars to penetrate the company ' s cryptic financials . in effect , enron ' s troubles were hiding in plain sight .
it should have been a warning . because of the poor financial disclosure there was no way to assess the damage the economy was doing to the company , or how it was trying to make its numbers . most analysts blithely concede that they really didn ' t know how enron made money - - in good markets or bad .
not that enron didn ' t make money , it did - - albeit with a worrisomely low return on equity given the capital required - - but sometimes revenues came from asset sales and complex off - balance sheet transactions , sometimes from energy - trading revenues . and it was very difficult to understand why or how - - or how likely it was enron could do it again next quarter .
enron ' s financial inscrutability hid stranger stuff . deep inside the company filings was mention of ljm cayman , l . p . , a private investment partnership . according to enron ' s march 2000 10 - k , a " senior officer of enron is the managing member " of ljm . well , that was a puzzler . ljm was helping enron " manage price and value risk with regard to certain merchant and similar assets by entering into derivatives , including swaps , puts , and collars . " it was , in a phrase , enron ' s house hedge fund .
there is nothing wrong with hedging positions in the volatile energy market - - it is crucial for a market - maker . but having an enron executive managing and benefiting from the hedging is something else altogether , especially when the enron executive was the company ' s cfo , andrew fastow . while he severed his connection with ljm ( and related partnerships ) in july of this year - - and left enron in a whirl of confusion last week - - the damage had been done .
as stories in this paper have since made clear , mr . fastow ' s ljm partnership allegedly made millions from the conflict - ridden , board - approved ljm - enron relationship . and recently enron ended the merry affair , taking a billion - dollar writedown against equity two weeks ago over some of ljm ' s wrong - footed hedging . analysts , investors , and the securities & exchange commission were left with many questions , and very few answers .
to be fair , i suppose , enron did disclose the ljm arrangement more than a year ago , saying it had erected a chinese wall between fastow / ljm and the company . and in a bull market , no one paid much attention to what a bad idea that horribly conflicted relationship was - - or questioned the strength of the wall . now it matters , as do other enron - hedged financings , a number of which look to have insufficient assets to cover debt repayments due in 2003 .
we didn ' t do anything wrong is mr . lay ' s refrain in the company ' s current round of entertainingly antagonistic conference calls . that remains to be seen , but at the very least the company has shown terrible judgment , and heroic arrogance in its dismissal of shareholders interests and financial transparency .
where has enron ' s board of directors been through all of this ? what kind of oversight has this motley collection of academics , government sorts , and retired executives exercised for enron shareholders ? very little , it seems . it is time enron ' s board did a proper investigation , and then cleaned house - - perhaps neatly finishing with themselves .
- - -
mr . kedrosky is a professor of business at the university of british colombia .
copyright ? 2000 dow jones section a
enron seeks additional financing
by richard a . oppel jr .
10 / 29 / 2001
the new york times
page 9 , column 4
c . 2001 new york times company
dallas , oct . 28 - - the enron corporation , still struggling to reassure investors it can weather a financial crisis over complicated transactions involving its former chief financial officer , is seeking $ 1 billion to $ 2 billion in additional financing from banks , an industry official said today .
last week , enron , the nation ' s largest energy - trading concern , used about $ 3 billion in available credit lines and spent about $ 2 billion to pay off commercial paper . now , by obtaining even more financing , enron is hoping to convince investors and other energy - trading firms that it will not face a cash squeeze that could lead trading partners to refuse to extend credit or do business with it .
enron ' s board , which has been holding meetings by telephone over the last two weeks to monitor the company ' s financial situation , held another meeting this afternoon . ' ' the board is meeting frequently and will announce any actions when appropriate , ' ' an enron spokesman said .
two weeks ago , enron disclosed that its shareholder equity had been reduced by $ 1 . 2 billion because of deals with investment partnerships involving its former chief financial officer , andrew s . fastow , who was ousted last week . the company also disclosed about $ 1 billion in separate write - offs , and it said last week that the securities and exchange commission had made an inquiry into its financial accounting .
enron hopes to maintain its investment - grade credit rating , which is crucial to ensuring that other energy traders continue to do business with it . lately , enron ' s bonds have been trading at prices more like junk bonds , and two major credit - rating agencies are considering whether to downgrade the company ' s rating .
copyright ? 2000 dow jones oct 29 , 2001
by agencies : agency material and elizabeth wine
enron shares plunged 40 per cent in the last week , doing severe damage to mutual funds , the company ' s largest institutional ownership bloc , and the havoc may continue .
more than 15 per cent of the 4 , 000 us equity funds held shares in the embattled company ' s shares as of the most recent reporting period , according to fund tracker morningstar .
mutual funds held a fifth of enron ' s shares , but that percentage is likely to be much lower now , say fund analysts , who suggest much of the stock ' s halving in october is due to large sales by institutional holders .
janus , the growth fund specialist , was the largest institutional shareholder according to the most recent filings , dated june 30 , with more than 42 m shares representing a stake worth dollars 2 . 1 bn .
the stake - if still held in its entirety - would be worth dollars 659 m at friday ' s closing price of dollars 15 . 40 . enron shares dropped 95 cents , or 5 . 81 per cent on friday , taking its total fall to nearly 41 per cent last week on concerns over accounting questions and some limited partnerships created by andrew fastow , former chief financial officer . on friday , several leading rating agencies put the company ' s debt on credit watches , and enron bond prices plunged . the company ' s stock is down 81 per cent since january .
most fund managers , including those at janus , refuse to discuss a company in which they are actively trading . however , several mutual fund groups with large enron stakes have said their listed positions are " dated " , implying that the funds ' positions in the company have changed .
morningstar analyst christine benz , who follows the janus funds , said managers of the group ' s larger funds had been " lightening up " their enron holdings this year . she said blaine rollins , who manages the dollars 23 bn flagship janus fund , said that in september he had sold some of his stake - listed as 2 . 15 per cent of outstanding shares as of april 30 - but did not say when .
ken zschappel , manager of the dollars 11 bn aim constellation fund , also declined to discuss his holdings , listed as 0 . 27 per cent of outstanding shares as of march 31 . but aim said the position had since been " trimmed substantially " .
other top fund owners , as of the most recent filings , included the alliance premier growth fund , the janus twenty , janus mercury and janus growth & income funds , fidelity magellan , axp new dimensions fund , putnam investors , putnam voyager and putnam new opportunities funds and morgan stanley dividend growth fund .
copyright : the financial times limited
comment & analysis - enron flickers .
by simon london and sheila mcnulty .
10 / 29 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
comment & analysis - enron flickers - once a paragon of the new economy , the us energy group is under scrutiny for its opaque accounting and free - wheeling management , write simon london and sheila mcnulty .
enron has some explaining to do . for the past decade or more , the texas - based company has basked in the admiration of investors and business school professors eager to understand its transformation from staid utility to fast - growing energy trader . now it faces scrutiny of a more unwelcome kind .
its share price has been falling since the beginning of this year . the us securities and exchange commission is investigating multi - million dollar deals with a private equity fund associated with its own chief financial officer , which resulted in a $ 1 . 2 bn reduction in shareholders ' equity . a hastily - convened conference call last week with analysts raised as many questions as it answered about these " related - party transactions " . the departure of andy fastow , the aforementioned cfo , soon followed .
with its credit rating under review by two leading ratings agencies , enron has also been forced to draw down bank credit lines . yesterday if confirmed it was trying to establish additional lines of liquidity .
" this marks the end of enron ' s walk on the wild side , " observes curt launer , an analyst with credit suisse first boston , the investment bank .
on the surface , events at enron can be explained by the combination of deteriorating trading conditions , a complex capital structure and poor investor relations . but the root causes go back further . the entrepreneurial culture and dynamic management that fuelled enron ' s growth in the 1990 s appear to have also sown some of the seeds of the present crisis . therein may lie a cautionary tale for all executives trying to sprinkle " new economy " magic on to old economy companies .
enron ' s transformation began in earnest in 1990 with the arrival of jeffrey skilling , who was hired from mckinsey , the management consulting firm , to develop energy trading .
for the previous decade enron had been emerging as a force in the deregulating us energy markets under the guidance of kenneth lay , a former deputy under - secretary of energy . mr lay remains chairman . but it was mr skilling who spearheaded the move into trading energy as well as generating and supplying it .
the two sides of the business - trading and generation / supply - have always been strange bedfellows . the former demands an entrepreneurial spirit more likely to be found on wall street than in a utility . mr skilling ' s answer in the early 1990 s was to bring in talent from outside the company . one of his first recruits was mr fastow , an expert in securitisation , the repackaging of financial assets so they can be traded in financial markets .
the energy trading division tried from the start to differentiate itself . a management structure was introduced with only four layers - vice - president , director , manager and associate / analyst - much like a consulting firm . employees were free to take as much holiday as they liked , so long as they delivered results . as one of mr skilling ' s early recruits recalled : " it was all about creating an atmosphere and deliberately breaking the rules . "
the seemingly free - wheeling style was based on a " loose - tight " management model expounded by tom peters and bob waterman , the management writers and mckinsey alumni . at enron this meant that employees in the merchant energy business were encouraged by huge bonuses to pursue new ideas and innovate in existing markets .
up - and - coming employees moved freely between projects in pursuit of glory . louise kitchen , the 32 - year - old british executive who was the creative force behind enron online , the group ' s internet - based trading platform , changed jobs or was promoted seven times in five years .
balancing these loose management practices were tight central control of risk , legal commitments , finance and performance evaluation / remuneration . mr skilling once described the approach in this way : " as long as you clear your deals or business ideas through those screens , you can do whatever you want around here . "
this approach did deliver growth and innovation . as well as making markets in its core energy products , enron now trades everything from weather derivatives - which enable companies to insure themselves against unfavourable climatic conditions - to broadband telecommunications capacity and metals . the success of enron online allows the group to describe itself as the world ' s leading e - commerce company .
it has also started marketing electricity to us consumers through a joint venture with international business machines and america online , the internet service provider .
in february this year mr skilling got his reward : he became chief executive of a group ranked seventh in fortune magazine ' s list of the 500 most powerful us corporations - ahead of such corporate giants as ibm , at & t , bank of america and boeing .
in retrospect , however , this breakneck pace of growth and innovation was achieved at a price . first was the personal cost to mr skilling . in august he abruptly resigned after only six months in the top job . personal , non - health related reasons were cited and investors have received no further explanation .
a second cost was an enormous increase in financial complexity . in order to avoid a ballooning of assets and liabilities as the group expanded , enron used a range of off - balance sheet vehicles to help finance expansion . ljm , the private equity fund in which mr fastow played a role , is just one of a cast of characters to be found in the footnotes to enron ' s accounts . other financing vehicles include osprey , marlin , whitewing , atlantic water trust and azurix . " they went after too many things too quickly , " says stephen moore of moody ' s investors service , the credit ratings agency .
a third cost , associated with the last , was a loss of financial transparency . the group ' s extensive use of swaps , options and other derivative financial instruments in its merchant energy business means that investors have little idea of how enron actually makes its money - or the underlying risks to which it is exposed .
david fleischer , an analyst at goldman sachs , summed up the views of many investors during last week ' s conference call . he told the group ' s management : " the company ' s credibility is being severely questioned and there is a need for much more disclosure . there is an appearance that you are hiding something or that there is something going on beneath the surface that may be questionable . "
the fourth cost was a loss of strategic focus . " the problems , in our view , stem from enron venturing too aggressively in areas outside of its core skills , " argues raymond niles , analyst at salomon smith barney . " power plants in india , water companies , extension of their franchise to the mass retail market , and using a fibre - optic network to deliver content over the internet are all unrelated , or only tangentially related , to their core merchant energy business . "
enron executives also appeared to get carried away with the prospects for some of these ventures . this time last year mr skilling was arguing that enron broadband was a business worth $ 35 bn ( # 24 bn ) in its own right . this helped push the share price to all - time highs - and storing up trouble when trading volumes failed to materialise .
" they over - promised on the new business they created , " says chris bartlett , a professor at harvard business school and long - time watcher of the company . " enron was trying to ride the dotcom bubble with enron online and the broadband business . to some extent they are now paying the price . "
will enron weather the storm ? notwithstanding the risk of further out - of - the - blue financial shocks , most analysts believe that it will . the merchant energy business remains powerful and profitable . mr niles at salomon smith barney points out that this side of the group drives more than 80 per cent of earnings and has shown consistent 30 - 40 per cent annual growth over the past three years . assets totalling more than $ 4 bn were also earmarked for disposal before the current crisis erupted , underlining that there is plenty of realisable value within the group ' s portfolio of physical energy assets .
and yet the doubts remain . it is , ultimately , a question of confidence and credibility . investors suspect that the balance between loose and tight management methods has tilted too far towards the former . mr lay and his team will have to tighten up .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones & company , inc . all rights reserved .
front page - companies & markets - enron asks banks for additional credit .
by sheila mcnulty and gary silverman .
10 / 29 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
enron , the troubled us energy group , was attempting yesterday to persuade banks to provide additional credit to bolster its position after a sharp fall in its share price .
the houston - based company was also due last night to hold a special board meeting to consider confidence - building measures after surprise financial disclosures damaged its reputation among us investors .
last week the company raised $ 3 . 3 bn ( euros 3 . 7 bn ) in cash to bolster its financial position but enron admitted yesterday that it was still looking for additional finance . the company insisted , however , that it was in good financial health and that its core energy trading business remained strong .
mark palmer , an enron spokesman , said he hoped the company would have something to announce in coming days from its latest effort to " establish additional lines of liquidity " . " once we are able to get the liquidity position shored up , that will put a lot of fears of the unknown to rest , " mr palmer said .
the company ' s problems have become public since an announcement on october 16 that it would take a $ 1 . 01 bn special charge and write down shareholders ' equity by another $ 1 . 2 bn . the moves followed losses arising from a private equity operation run by andrew fastow , its former chief financial officer , who was forced to take a leave of absence last week .
enron ' s share price has fallen more than 50 per cent since the october 16 announcement and its bonds have been trading at levels that are technically " junk " status , though its official ratings are still investment grade .
" our concern is that a reduction in the debt rating could impair their ability to operate their trading and marketing operations , " said raymond niles of salomon smith barney . " these activities require at least an investment grade credit rating , or enron could be subject to an increase in margin requirements . "
the controversy over enron ' s balance sheet adjustment has resulted in a request for information from the securities and exchange commission . enron flickers , page 22 .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron seeks further credit to reassure investors , wsj says
2001 - 10 - 29 04 : 30 ( new york )
houston , oct . 29 ( bloomberg ) - - enron corp . , the largest
energy trader , asked banks to provide a further credit line of as
much as $ 2 billion in a bid to restore investor confidence in the
company , the wall street journal reported , citing unidentified
officials close to negotiations .
the new credit line is additional to the $ 3 . 3 billion credit
line it tapped last week , the paper said , and should be completed
within days .
investors have shunned the company since oct . 16 when enron
reported a third quarter loss of $ 618 million and wrote down
shareholders ' equity by another $ 1 . 2 billion , the journal said .
the stock has fallen by 54 percent since the announcement .
the company ' s shares were further dented after an investor
sued enron last month , saying dealings with two partnerships run
by former chief financial officer andrew fastow , cost the company
$ 35 million . the suit also called fastow ' s leadership of the
partnerships , set up to cut enron ' s debt , a conflict of interest .
usa : repeat - electric cowboys get roped in at the energy corral .
by janet mcgurty
10 / 29 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , oct 26 ( reuters ) - last year , enron corp . was a darling of investors and analysts , but the freewheeling trader of electricity and natural gas now faces a credibility crisis due to a lack of transparency in its business dealings .
enron , trying to shake investor jitters over a possible downgrade of its credit worthiness and their unease over the company ' s complex financial transactions , has seen its shares shed more than half their market value in the past week .
but the largest natural gas and electricity marketer in the united states is not alone in getting its wings clipped as energy prices come down and the market volatility that drove earnings last year eases .
while enron ' s problems differ from more traditional utilities , many other power producers are returning to their roots . they are scrapping plans for splitting operations and questioning whether more risky overseas operations can be supported by lower prices brought on by a slowing economy .
paul patterson , an energy analyst with abn amro , said there are common themes affecting the industry .
" one is lower power prices and the margins that are associated with them . and two is lower stock prices and the ability to finance more asset driven growth , " patterson said .
as earnings fall and forward earnings guidance is revised downward , some power companies are seeking strategies to address the bleaker environment . and plans to spin off units have been postponed or called off .
shares of enron slid $ 1 . 05 , or 6 . 4 percent , to $ 15 . 30 in afternoon trade on the new york stock exchange on friday .
the world has changed
aes corp . , a global power producer whose earnings fell for a second consecutive quarter on a poor showing from operations in brazil and britain , said thursday it would revamp its organization and did not rule out selling off assets .
" it ' s a different place , " aes ' chief executive officer dennis bakke said of the business climate facing utilities today compared with last year ' s powerful growth . on friday , constellation energy group , parent company of baltimore gas & electric , scrapped plans to split its power generation and trading operations into two company because of economic changes . constellation also hired a new chief executive and severed ties with goldman sachs , which planned to make an equity investment in the company .
" the utility industry and energy markets , and indeed the entire u . s . economy , have changed considerably in the past year . as a combined company , we will be better positioned to seize opportunities to grow and deliver , " said christian poindexter , constellation ' s chairman .
return to traditional values
bakke said one prong of aes ' s brave , new world scenario was a renewed emphasis on the traditionally profitable , long - term contract generation business .
it makes sense for power generating companies to sign about 75 percent to 80 percent of their generating capacity into long - term contracts because it provides stability and a level of profitability in a period of flat growth , according to gordon howald , energy analyst with credit lyonnaise .
" calpine does it already , " he said , referring to the california - based independent power producer that has the lion ' s share of the power it generates contracted out . " what drove the valuations in all these companies last year was that power markets were very inefficient . physical reserve margins were low . but with flat to down demand in 2001 - as it appears to be the case - there is very little to lead us to believe that power prices will be anywhere near that level , " he added .
howald said with all the new generation coming on , natural gas prices should remain high but power prices should come down further , squeezing spark spreads , or profit margins , for solely gas fired companies .
smaller companies also rethink strategies
as lower power prices impact earnings , many power companies are turning back to u . s . markets to try to maximize their bottom line .
" earnings for the quarter is not the big deal . the big deal is that for 2002 they are not going to earn as much as people expected . it ' s a downward revision of earnings guidance . " said patterson .
michigan - based cms energy corp . cut its earnings estimates for the second time to $ 2 to $ 2 . 05 for 2002 , down from $ 2 . 79 and said it would sell off certain overseas assets and focus future growth primarily in north america .
cms , whose earnings were down for the third quarter , said it took a charge for planned divestitures , south american energy distribution units as well as other international investments .
allegheny energy inc . also changed its strategy after reporting a fall in third quarter earnings .
the maryland - based company said while it is continuing to work towards getting necessary regulatory approvals for a initial public offering to hold its unregulated assets , it will not proceed with the offering at this time .
" the company will integrated until market conditions are such that demonstrated value can and will be created for shareholders , " allegheny said .
copyright ? 2000 dow jones reportedly for 1 - 2 bln usd
10 / 29 / 2001
afx ( ap )
copyright 2001 afx news ; source : world reporter ( tm )
new york ( afx ) - enron corp is negotiating with banks for a new credit line , a spokesman told the wall street journal .
the company is in talks to raise between 1 - 2 bln usd and is likely to close a deal within days , it quoted officials familiar with the matter as saying .
the deal , which is intended to head off a potential loss of investor and business confidence , would supplement existing lines . these are largely tapped out after enron last week drew down about 3 bln usd to increase cash reserves and calm market fears .
enron earlier this month announced a heavy third quarter loss and erosion of shareholder equity related to controversial transactions it had done with entities connected to its then chief financial officer , andrew fastow .
jms for more information and to contact afx : www . afxnews . com and www . afxpress . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
markets
enron said seeking new credit lines
by laura mandaro and alissa schmelkin
10 / 29 / 2001
american banker
31
copyright ( c ) 2001 thomson financial , inc . all rights reserved .
the texas energy and telecommunications giant enron corp . was reportedly negotiating with its lenders about new credit lines friday , a day after it drew down billions on its existing lines .
j . p . morgan chase bank one corp . about $ 100 million ; and wachovia corp . , suntrust banks inc . , and fleetboston financial corp . about $ 50 million each , according to goldman sachs estimates . bank of new york has between $ 50 to $ 100 million of exposure , and northern trust , u . s . bancorp and keycorp also have some lending exposure , ms . applebaum said .
representatives of these banks would not comment on their relationships with enron , or did not return phone calls by deadline .
http : / / www . americanbanker . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron in talks for $ 1 - 2 bln credit line - wsj .
10 / 29 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , oct 29 ( reuters ) - energy trading giant enron corp . is negotiating with banks for a new credit line of between $ 1 billion and $ 2 billion and could close a deal within days , the wall street journal reported in its online edition on monday .
according to officials close to the situation , the new credit would supplement existing credit lines , largely tapped out after the company drew down about $ 3 billion last week to increase cash reserves and calm jittery investors ' fears , the journal reported .
the paper said that an enron spokesman had confirmed that the company is negotiating a new credit line , but could not supply any further details .
confidence in enron has been shattered following disclosures about its involvement in complex partnerships . its stock has tumbled amid a u . s . securities and exchange commission inquiry into the company ' s ousted chief financial officer ' s links to some of the partnerships .
copyright ? 2000 dow jones & company , inc . all rights reserved .
japan : japan ' s teijin , enron study coal - fired power plant .
10 / 29 / 2001
reuters english news service
( c ) reuters limited 2001 .
tokyo , oct 29 ( reuters ) - japan ' s major polyester manufacturer , teijin ltd , said on monday it would conduct a feasibility study with u . s . energy giant enron corp on building a coal - fired power plant .
teijin said in a statement that it and e power corp , a japanese affiliate of enron corp , would look into building the 70 , 000 kilowatt coal - burning thermal power plant in matsuyama , ehime prefecture , on the southwestern island of shikoku , where teijin has a polyester plant .
" we are beginning to consider selling surplus power to third parties other than our own plants , with eyes on further deregulation in japan ' s power market , " a teijin spokesman said .
japan is in the process of deregulating its power market . since march last year , large - lot consumers have been free to choose their suppliers .
in its polyester business , teijin has expanded overseas output while reducing domestic production , a trend which would leave it with surplus power . it is thus looking at how to make good use of any surplus .
the two firms were also considering expanding the capacity of teijin ' s existing power generator in matsuyama , teijin said . it hopes to reduce costs at the inefficient small plant with the help of enron .
enron corp said earlier this year it had presented plans to build a liquefied natural gas ( lng ) fired power plant in northern japan , aiming to become the first foreign company to build such a power plant in japan .
the teijin spokesman said the two firms hoped to conclude the feasibility study by june 2002 .
teijin ' s shares ended the day down 13 yen or 2 . 68 percent at 472 yen .
copyright ? 2000 dow jones section 3
once - mighty enron strains under scrutiny
by alex berenson and richard a . oppel jr .
10 / 28 / 2001
the new york times
page 1 , column 2
c . 2001 new york times company
is time running out for enron ?
at the beginning of this year , the enron corporation , the world ' s dominant energy trader , appeared unstoppable . the company ' s decade - long effort to persuade lawmakers to deregulate electricity markets had succeeded from california to new york . its ties to the bush administration assured that its views would be heard in washington . its sales , profits and stock were soaring .
and under the leadership of jeffrey k . skilling , its chief executive , enron ' s arrogance had grown even more quickly .
the company , based in houston , dripped contempt for the regulators and consumer groups that stood between it and fully deregulated markets - - for electricity , water and everything else . everyone would win under deregulation , enron said - - especially its shareholders , whose stock would soar as the company profited from creating new markets .
' ' we are on the side of angels , ' ' mr . skilling said in march , dismissing those who saw the company as a profiteer in california ' s energy crisis . ' ' people want to have open , competitive markets . they want fair competition . it ' s the american way . ' '
but less than a year later , everybody seems to have lost , especially enron ' s investors . enron ' s stock is plunging , and questions about its finances are mounting .
some experts in the energy industry worry that if the crisis at the company worsens , trading in natural gas and electricity could be seriously disrupted and energy prices could grow more volatile . in a worst - case outlook , enron could become the 2001 version of long - term capital management , the huge hedge fund whose collapse roiled financial markets during the fall of 1998 . enron ' s shares have fallen more than 80 percent this year , erasing $ 50 billion in shareholder value .
enron closed on friday at $ 15 . 40 , down 95 cents , after hitting a 52 - week low of $ 15 . 04 earlier in the day .
the future of electricity deregulation is in doubt , thanks to blackouts and soaring power prices in california earlier this year - - a crisis that ended only when that state contradicted deregulation ' s basic tenets by intervening deeply in the power market . enron ' s efforts to become a profit - making water supplier and to create a new market in broadband communications capacity have been expensive failures . in august , mr . skilling quit , forcing kenneth l . lay , his predecessor as chief executive and still enron ' s chairman , to resume day - to - day control of the company .
the company declined to make senior executives , including mr . lay , available for comment , and asked that questions be submitted in writing . mr . skilling could not be reached .
enron ' s problems boiled over earlier this month , when it disclosed that its shareholders ' equity , a measure of the company ' s value , dropped by $ 1 . 2 billion in the last quarter because of a deal disclosed only very hazily in enron ' s regular financial statements . the securities and exchange commission is looking into the company ' s financial reporting , and some investors question whether enron has overstated profits at its primary business of trading electricity and natural gas .
the slump in the company ' s shares accelerated after enron revealed the fall in its shareholders ' equity . on wednesday , the company forced out its chief financial officer , andrew s . fastow , who is at the center of the controversy over enron ' s confusing finances . the company , which six months ago seemed to be reaping billions of dollars from california ' s energy crisis , today faces a potential cash crunch .
the surprise about shareholder equity inflamed investors ' smoldering concern about enron ' s opaque financial statements . now , with wall street analysts and bond - rating agencies demanding more information about the complex transactions that have fueled the company ' s profits , enron has been reduced to issuing news releases assuring investors that it has adequate access to cash .
enron does not appear to be in immediate danger of running out of cash . on thursday , the company drew down a $ 3 . 3 billion credit line it had previously arranged with a group of banks led by citigroup and j . p . morgan chase , which have each extended at least $ 400 million . but because of enron ' s importance in the natural gas and electricity markets , industry experts say that any problem at the company could disrupt energy trading nationwide .
the supply of natural gas and electricity would probably not be affected even if the company failed , because enron is mainly a trader , rather than a producer , of energy . but a crisis at the company might increase the volatility of energy prices , which have swung wildly in the last year .
philip k . verleger jr . , an energy - markets economist , emphasized that he thought enron would survive this crisis . but he said it was not clear what would happen if enron ran out of cash or if traders that use the company ' s enrononline internet trading marketplace defaulted on their obligations .
' ' you suddenly have all these positions they have taken on there - - are they good ? are the firm ' s hedges good ? what ' s the situation ? ' ' mr . verleger said . ' ' it ' s got everyone scared . ' '
in the short run , enron ' s credit rating may be its biggest problem . if the company ' s rating falls below investment grade , enron could be forced to issue tens of millions of shares of stock to cover loans that it has guaranteed . but creating new shares would make the shares that already exist less valuable , because those shares would no longer represent full ownership of the company .
a drop in the company ' s credit rating could also prompt other energy traders and producers to back away from doing business with enron , hurting the company ' s sales and profits .
enron ' s credit rating stands several notches above the critical point . but its bonds , which are publicly traded , have fallen so low that they are now offering interest rates of almost 10 percent , comparable with many junk bonds . two of the three major credit - rating agencies , moody ' s investors service and fitch investors service , have put enron ' s bonds on review for possible downgrades .
' ' the issue that ' s in the front of everybody ' s mind right now is credit , ' ' said mark gurley , senior vice president and general manager for trading at aquila inc . , one of the nation ' s largest energy traders . aquila is based in kansas city , mo .
for now , aquila and other major energy traders and producers , including reliant energy , the el paso corporation and dynegy , are continuing to do business with enron . and mr . gurley said that enron ' s own trading in the electricity and natural gas markets did not suggest the sort of frenzied selling reminiscent of the collapse of long - term capital management in 1998 .
' ' they haven ' t done anything trading - wise that gives me any indication they are closing their books down , ' ' he said .
still , some executives at other companies said they were looking more carefully at transactions with enron , especially long - term contracts . they also said risk - management and credit officers were calling each other regularly to discuss the situation .
mark palmer , an enron spokesman , said on friday that no energy - trading company had stopped doing business with enron . he declined to say whether any of the company ' s trading partners had suspended or altered credit terms . he said the company was continuing to see normal volumes of business .
but the crisis that enron will face if its credit rating is downgraded is just a symptom of the bigger problem the company must confront . for years , the details of enron ' s finances have been a mystery even to the wall street analysts whose job it is to follow the company , and to the investors who own its stock and bonds . when enron ' s profits were soaring and it was creating lucrative new markets , shareholders did not seem to care about the impenetrability of its financial statements .
now they do . yet the company seems incapable of offering straight answers to the questions investors ask .
to others in the industry , the opaqueness of the company ' s financial statements parallels enron ' s efforts to keep its energy - trading business lightly regulated and free of disclosure requirements . though they do not expect enron to crumble like long - term capital management , they say that , like the giant hedge fund , enron uses a lot of debt , regulatory oversight is limited and outsiders have a difficult time figuring out its finances .
the most pressing concerns are a series of partnerships and trusts enron created to move some of its assets and debt off its balance sheet . with names like marlin and osprey , the partnerships have at least $ 3 . 3 billion in bonds outstanding , backed by assets like a stake in azurix , enron ' s water company subsidiary . enron has promised that if the partnerships ' debts exceed the value of their assets , enron will issue enough new shares to make up the difference .
deals with partnerships formed by mr . fastow , who was chief financial officer when they were organized , led to the $ 1 . 2 billion write - off in shareholders ' equity that enron announced last week . the company has offered only skimpy details of its transactions with those partnerships .
enron ended its relationships with those partnerships in the last quarter , after being criticized by shareholders . in the process , it wrote off a promissory note that it had carried on its books , reducing its shareholders ' equity by $ 1 . 2 billion . but , because of complex accounting rules , the transaction was not apparent in enron ' s quarterly earnings report .
the transaction disturbs investors because it suggests that enron may have found a way to hide losses , throwing the accuracy of its financial statements into question . when enron released third - quarter earnings on oct . 16 , it reported a loss from $ 1 billion in write - offs on failed investments . the earnings statement did not mention the additional $ 1 . 2 billion equity write - down . but the company said its core business had been solidly profitable , and its shares rose .
in a conference call with analysts after the announcement , mr . lay , enron ' s chairman , also disclosed the reduction in shareholder equity . the reference was a brief one , however , and some listeners did not catch it . those analysts were angered when they found out the next day what enron had done , and many were confused by the accounting procedure . enron ' s stock began to slide , and investors clamored for more information about the write - off . but so far , the company ' s efforts to clear up the situation have further unnerved investors .
mr . lay has met with investors during the last two weeks to try to explain the deals , but some on wall street say they have come away with doubts about mr . lay ' s grasp of the situation . they say that the two people at enron who appear to have been most knowledgeable about the deals - - mr . skilling and mr . fastow - - have both left the company .
in an interview in late august , mr . lay said he did not know some details about the deals involving mr . fastow . in response to one question about them , he said , ' ' you ' re getting way over my head . ' '
mr . palmer of enron disputed any suggestion that mr . lay did not have a grasp of the investments at issue , saying mr . lay was handicapped in talking about them because of the s . e . c . investigation . ' ' there is not a whole lot we can say , or should say , about them , ' ' mr . palmer said . he also said the company expected to generate about $ 3 billion in cash through asset sales by the end of next year .
in a conference call on tuesday , analysts pressed mr . lay and other top enron executives to reveal more information about the ljm write - down and its other partnerships . instead , they offered only vague explanations of the deal , leaving wall street worried that more write - offs might be coming .
david fleischer , a goldman , sachs analyst and a longtime supporter of the company , was among those who came away concerned . ' ' if enron is unable to clarify its off - balance - sheet transactions and restore confidence in the very near term by assuring investors that no more surprises are forthcoming that would affect the balance sheet or liquidity position , then the company will likely lose access to the capital markets , ' ' he wrote in a research note after the call .
to try to reassure investors , enron said late thursday that enrononline , its internet - based trading exchange , executed more than 8 , 400 trades that day , a higher - than - normal volume .
' ' we know we have our work cut out for us if we are to rebuild our credibility with the investment community - - and we ' re working on that , ' ' mr . lay said in a statement . ' ' but in the meantime , the best evidence of our strength is the willingness of customers to bring their business to enron . ' '
but those reassurances apparently are no longer enough for wall street . enron ' s stock tumbled almost 6 percent friday , to its lowest levels in six years .
now analysts are scrambling to figure out the extent of enron ' s off - balance - sheet debt and to assess the risk that the company will have to issue new shares to make good on its partnership guarantees .
carol coale , an analyst at prudential securities in houston , calculates that enron may have close to $ 9 billion in off - balance - sheet debt . she said that enron had for two years been trying to sell about $ 6 billion in foreign assets - - including properties in latin america and a power plant in india embroiled in a dispute with the state government - - and she worries about those prospects for sale in light of enron ' s problems and the souring economy .
' ' as enron is forced to sell assets to keep the ratings agencies off their backs , they may have to write those assets down , ' ' ms . coale said . on wednesday , she downgraded her rating on enron to ' ' sell ' ' from ' ' neutral . ' '
' ' the bottom line is , it ' s really difficult to recommend an investment when management does not disclose the facts , ' ' ms . coale said .
short - sellers , who attacked enron ' s accounting even before the company disclosed the write - off , say the company ' s problems may run even deeper than analysts fear . enron may have used the partnerships not just to finance money - losing investments but to hide losses in its core trading business , they say .
' ' the company still isn ' t disclosing enough to know whether the core business , the trading business , is profitable , ' ' said mark roberts , director of research at off wall street , which recommended shorting enron ' s stock on may 7 , when it stood at $ 59 . 43 . ' ' the issue remains : why are they doing these transactions ? our theory has been that the core operations aren ' t that profitable . ' '
james chanos , a leading short - seller who has bet that enron ' s stock will fall , said , ' ' is enron booking gains when it has real profits , but hiding the losses when deals go against it ? ' ' mr . palmer of enron said the company stood by its reported energy - trading profits .
even traders at other energy companies say they do not have a clear picture of enron ' s positions . enron maintains that it is in no danger of being wiped out by a sharp move in electricity or gas prices because it keeps its trading book balanced - - meaning the energy it has agreed to sell is offset , in roughly equivalent amounts , by energy it has agreed to buy .
' ' with these guys , they tell us - - and all you ' ve got is their word - - that they ' re hedged , ' ' said mr . verleger , the economist .
in fact , enron has lobbied forcefully over the years to limit regulation and disclosure of its trading operations . last year , the company successfully lobbied congress to effectively ensure that its internet - trading platform would be exempted from regulation by the commodity futures trading commission .
enron and other power traders do file limited information in reports to the federal energy regulatory commission , the agency that oversees wholesale electricity and natural gas markets . but the commission does not keep track of specific transactions and prices .
large - scale energy trading has existed for only about a half - dozen years . enron pioneered the business , and now dominates it , accounting for about one - quarter of all trading in the united states .
before congress and federal regulators opened up the market for wholesale electricity , a process that began in earnest a decade ago , the power business was a simpler affair . utilities were given areas of monopoly service , and their rates - - and ability to deliver enough electricity - - were overseen by state regulators . but with the move to deregulate the business , independent and unregulated generators and traders have flourished , providing an ever - growing portion of the nation ' s power .
beginning in the 1980 ' s , the sale and transportation of natural gas was also deregulated , spurring enron , which used to be primarily a gas - pipeline company , to move into the trading business .
the company ' s shift to trading gas and electricity accelerated in the mid - 1990 ' s , with the ascension of mr . skilling , who became chief executive in february , just six months before his unexpected resignation . underscoring the change in direction , in securities filings this year enron described its principal business as ' ' security brokers , dealers and flotation . ' ' before , it had said it was in the business of ' ' wholesale - petroleum and petroleum products . ' '
for most of its ascent , enron reported outstanding profit figures and wall street accepted them with pleasure . a year ago , when it disclosed the first transactions with partnerships led by mr . fastow , the company ' s former chief financial officer , analysts who asked questions were told that the deals were routine and were being disclosed only because of mr . fastow ' s involvement .
enron does not appear to face an immediate cash crunch . but the bank credit lines that it drew on last week to pay off its short - term debt will have to be renegotiated next spring . the controversial partnerships do not have to pay their debts until the following year - - unless enron loses its investment - grade credit rating before that .
enron will also need to maintain its large trading positions , which could suffer if participants in those markets grow more nervous about enron ' s credit . when long - term capital was stumbling in 1998 , some wall street rivals sold the securities they thought long - term owned , trying to force long - term to sell its positions quickly and at a loss . something similar in energy markets might be possible . if so , enron might find , as long - term did , that positions that should offset each other do not .
enron ' s new chief financial officer may yet persuade investors that in fact the company ' s profits are real , and that its condition is better than the short - sellers believe . as questions are answered , confidence , and the share price , could rebound .
but for now , investors are skittish , and some competitors are eager to take advantage of enron ' s plight .
photos : enron , which is building a new headquarters in houston , grew with deregulation . but with deregulation in doubt , enron stock has dropped . ( phillippe diederich for the new york times ) ; enron owns 65 percent of the power plant in dabhol , india , but has had trouble collecting payments . ( the new york times ) ( pg . 13 ) ; ' we know we have our work cut out for us , ' says kenneth l . lay , enron ' s chief . ( wgbh / ' ' frontline ' ' ) ( pg . 1 ) chart : ' ' enron ' s board ' ' directors have not addressed the company ' s current difficulties , a spokesman said . kenneth l . lay : 58 chairman john h . duncan : 73 former chairman of the executive committee , gulf and western industries robert a . belfer : 65 chairman , belco oil & gas charles a . lemaistre : 77 president emeritus , m . d . anderson cancer center , university of texas robert k . jaedicke : 72 professor emeritus , graduate school of business , stanford ronnie c . chan : 51 chairman , hang lung group wendy l . gramm : 56 director , mercatus center , george mason university john mendelsohn : 64 president , m . d . anderson cancer center , university of texas paulo v . ferraz pereira : 46 executive vice president , group bozano john wakeham : 68 former british secretary of state for energy norman p . blake jr . : 59 chief executive , comdisco ken l . harrison : 58 former chief executive , portland general electric ( former enron employee ) jerome j . meyer : 63 chairman , tektronix frank savage : 62 chairman , alliance capital management international john a . urquhart : 72 adviser to the chairman , enron herbert s . winokur jr . : 57 president of winokur holdings ( former enron employee ) ( pg . 13 )
copyright ? 2000 dow jones section 3
plumbing mystery of deals by enron
by floyd norris
10 / 28 / 2001
the new york times
page 13 , column 6
c . 2001 new york times company
at the heart of the sudden collapse in investor confidence in the enron corporation are unusual trades it entered into with partnerships led by its chief financial officer , andrew s . fastow , beginning in the summer of 1999 . because they were transactions among related parties , the company was required to disclose them , but the disclosures raised as many questions as they answered . following are some questions that investors are asking , and the currently available answers .
q . why did enron enter into the deals ?
a . enron ' s first disclosures , in 1999 , gave no reason . in later reports , it said it was seeking to ' ' hedge certain merchant investments and other assets , ' ' by which it apparently meant investments in technology and telecommunications companies .
q . how did those investments do ?
a . it looks as if they plunged in value , although there is no clear disclosure on that .
q . why can ' t that be discerned ?
a . the company never said just what the investments were . and the transactions with the partnerships were complicated , involving a variety of derivative securities , enron stock and various promissory notes . enron ' s financial disclosures do not provide enough information to understand the arrangements completely .
q . why were they so complicated ?
a . one reason may have been to use accounting rules to its advantage . one accounting rule dictates that companies may not record profits or losses on transactions in their own stock . if a company sells its shares at $ 10 each and then buys them back - - whether for $ 1 or $ 50 - - there is no gain or loss . but shareholder equity does go up or down on the balance sheet - - in that case reflecting how much extra cash the company took in , or paid out , on the transactions . enron ' s transactions appear to have been structured to fall under that rule .
q . who made money from these transactions ?
a . enron reported some profits along the way from the deals , although not all of the profits were spelled out in its quarterly filings . and it appears that the partnerships distributed money to investors .
q . if the deals began in 1999 , why all the uproar now ?
a . many investors and analysts were not curious about them when everything seemed to be going well . as long as enron was exceeding its forecasted profits each quarter , they were willing to assume that what was not being disclosed was not really important .
q . when were concerns raised with enron ?
a . the complaints grew as enron ' s share price fell earlier this year . by this summer , enron decided that mr . fastow would sell his stake in the partnerships . then , because the partnerships would no longer be considered related to enron , the company would no longer have to disclose anything about the transactions . but investors were still worried , and enron later closed out its deals with the partnerships .
q . how did enron do ?
a . badly . it took a $ 35 million loss , which , given the size of the transactions involved and the previous profits taken , was not very much . but it also reduced shareholder equity by $ 1 . 2 billion .
q . how did that happen ?
a . that , like so much else , is not clear . but it looks as if the partnership owed enron that much money , could not pay and was let off the hook by enron . in return , enron terminated ' ' previously recorded contractual obligations to deliver enron shares in future periods . ' ' enron treated that like a share buyback , even though the shares in question had not been issued , and determined that there was no need to treat it as a loss that would reduce reported earnings .
q . is that legal under the accounting rules ?
a . presumably it is . but enron ' s limited disclosures make it impossible to say for sure . enron may have discovered ways to use the accounting rules to enable it to keep losses off income statements , while leaving profits on them . that may become clearer when the securities and exchange commission , which has begun preliminary inquiries , completes its work . floyd norris
copyright ? 2000 dow jones section 3
databank
investors seem to ignore discouraging news
by michael brick
10 / 28 / 2001
the new york times
page 17 , column 3
c . 2001 new york times company
investors sent stocks markedly higher last week , despite reports on the economy and corporate profits that were resoundingly poor .
the dow jones industrial average , strengthened by triple - digit rallies on monday and thursday , ended the week nearly back to its level of sept . 10 , one day before the attacks on the world trade center and the pentagon . broader indicators ended slightly higher than they were on sept . 10 .
investors overcame their initial discouragement about reports that orders for durable goods and sales of existing homes were deteriorating faster than expected . they also seemed unfazed by reports of corporate profits declining from a year ago , at some companies by more than 30 percent .
all the bad news , investors seemed to surmise , meant that the government was more likely to act aggressively in stimulating the economy , with tax breaks , spending and lower interest rates .
the dow average gained 341 . 06 , or 3 . 7 percent , to close at 9 , 545 . 17 . the nasdaq composite index rose 97 . 65 points , or 5 . 8 percent , to 1 , 768 . 96 . the standard & poor ' s 500 - stock index rose 31 . 13 , or 2 . 9 percent , to 1 , 104 . 61 .
michael brick
charts : ' ' stocks in the news ' ' enron nyse : ene the energy trading company ousted its chief financial officer , andrew s . fastow , whose involvement in complicated transactions with enron caught the attention of the s . e . c . friday ' s close : $ 15 . 40 week ' s change : - 40 . 88 % est . ' 01 p / e : 8 . 52 sbc communications nyse : sbc the company posted a 30 percent decline in earnings and said it would cut thousands of jobs because of the weak economy and strong competition . friday ' s close : $ 39 . 20 week ' s change : - 10 . 17 % est . ' 01 p / e : 16 . 82 walt disney nyse : dis after trimming $ 100 million from the price , disney completed its purchase of the fox family worldwide cable television operation . the deal included $ 2 . 9 billion in cash and $ 2 . 3 billion in assumed debt . friday ' s close : $ 18 . 71 week ' s change : + 1 . 19 % est . ' 01 p / e : 25 . 28 microsoft nnm : msft microsoft introduced its computer operating system , windows xp , the latest version of its flagship product . friday ' s close : $ 62 . 20 week ' s change : + 7 . 43 % est . ' 01 p / e : 33 . 88 vysis nnm : vysi the drug maker abbott laboratories has agreed to acquire vysis , a laboratory products maker , in a stock deal worth about $ 355 million . friday ' s close : $ 30 . 25 week ' s change : + 47 . 13 % est . ' 01 p / e : - - worldcom nnm : wcom the long - distance telephone company posted a 44 percent drop in its third - quarter profit and warned that sales growth in its core data and internet business would slow in the final quarter and in 2002 . friday ' s close : $ 13 . 38 week ' s change : + 1 . 59 % est . ' 01 p / e : 12 . 15 affymetrix nnm : affx affymetrix settled a patent lawsuit over dna analysis technologies with a rival , hyseq , and the companies plan to form a joint venture . friday ' s close : $ 31 . 70 week ' s change : + 72 . 66 % est . ' 01 p / e : - - overture services nnm : over the internet search service , formerly called goto . com , reported a profit in the third quarter and higher sales , as its pay - per - listing service remained popular with advertisers . friday ' s close : $ 25 . 50 week ' s change : + 32 . 88 % est . ' 01 p / e : - - ( source : bloomberg financial markets )
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron asks banks for more credit after stock slide , ft reports
2001 - 10 - 28 20 : 20 ( new york )
houston , oct . 28 ( bloomberg ) - - enron corp . , the largest
energy trader , asked banks to provide further credit after tapping
a $ 3 . 3 billion credit line last week to bolster investor
confidence , the financial times reported , citing company sources .
enron ' s stock has fallen more than 50 percent since oct . 17
when an investor sued the company for conflict of interest over
transactions with affiliates run by enron ' s former chief financial
officer andrew fastow .
the company has been shut out of the leading market for low -
interest , short - term loans since announcing oct . 16 it would take
a $ 1 . 01 billion special charge and write down shareholders ' equity
by another $ 1 . 2 billion , the ft said .
enron spokesman mark palmer said he hoped the company would
announce the new financing facility in coming days , the newspaper
said .
enron asks banks for additional credit - ft
10 / 28 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - ( dow jones ) - enron corp . ( ene ) is attempting to persuade banks to provide additional credit , the financial times reported on its web site sunday .
the company was also due to hold a special board meeting sunday to consider confidence - building measures after surprise financial disclosures damaged its reputation among u . s . investors , the financial times reported .
the financial times quoted enron spokesman mark palmer as saying he hoped the company could have something to announce in coming days as a result of its latest effort to " establish additional lines of liquidity . "
" once we are able to the liquidity position shored up , that will put a lot of fears of the unknown to rest , " the financial times quoted palmer as saying .
copyright ? 2000 dow jones financial desk
week in review top stories oct . 22 - 26 lockheed edges out boeing for contract
abigail goldman ; joseph menn ; jesus sanchez ; jeff leeds ; chuck philips ; meg james ; nancy rivera brooks ; evelyn iritani ; james f . peltz ; myron levin ; peter pae
10 / 28 / 2001
los angeles times
home edition
c - 2
copyright 2001 / the times mirror company
the vote is in . lockheed martin corp . won the coveted right to build the nation ' s next - generation fighter aircraft , beating out boeing co . for what could be the biggest military contract ever .
culminating a five - year battle between two of the world ' s largest defense contractors , pentagon officials picked lockheed martin to begin development of the joint strike fighter , with plans to purchase 3 , 000 of the planes at a cost of more than $ 200 billion .
with the potential for foreign sales topping another $ 200 billion , the contract is considered the most lucrative in u . s . history . " this really is the contract of the millennium , " said christopher hellman , analyst with the center for defense information . " nothing has or will come close . "
peter pae
ford settles lawsuit over faulty part
in the largest automotive class - action settlement in history , ford motor co . will reimburse customers who paid hundreds of millions of dollars to replace a faulty part that caused their vehicles to stall .
it was uncertain how many consumers would qualify for reimbursements in the range of $ 160 apiece .
the settlement caps six years of litigation . plaintiffs ' lawyers said the cost to ford would be as high as $ 2 . 7 billion .
myron levin
amr posts record loss in quarter
even though more americans are flying again , the airline industry continues to reel and its problems are expected to worsen this holiday season .
amr corp . , the parent of american airlines , the world ' s largest airline , posted a record loss for the third quarter , even after getting $ 508 million in federal financial aid .
although the number of passengers has kept growing each week since the sept . 11 attacks , about 20 % fewer people are flying .
less than a month before the busy thanksgiving weekend , american airlines says advance bookings for november are down 6 % from a year earlier .
meanwhile , the airlines are now reporting a little - noticed aspect of the government rescue package : they have to pay federal taxes on the cash grants .
james f . peltz
itc says imports hurt steel industry
the international trade commission ruled that foreign imports pose a serious threat to the domestic steel industry , paving the way for punitive sanctions that are likely to raise steel prices and intensify trade tensions with europe and asia .
the independent u . s . agency has until mid - december to provide the white house with a list of proposed remedies , which could include import quotas or hefty tariffs on foreign steel .
beleaguered u . s . steelmakers applauded the decision .
president bush , who instigated the itc investigation , is expected to approve the protective measures , though critics warn they could harm a weakened domestic economy and complicate efforts to launch a new round of global trade talks .
evelyn iritani
shares of enron plummet amid losses
enron corp . ' s stock was pummeled by investors following disclosures of losses and shrinking shareholders ' equity related to failed investments and a complicated hierarchy of limited partnerships used to shelter some enron assets .
the stock slide was compounded by disclosure of a securities and exchange commission inquiry into two of the partnership arrangements and by wall street worries about future cash flow and credit problems that might be caused by the investment vehicles .
two conference calls with analysts and investors failed to calm nerves , and several analysts lowered their recommendations on enron .
enron has reiterated that its finances are strong . and although analysts note that enron ' s core businesses remain sound , some analysts doubt that the usually taciturn company has revealed all of its problems .
to mollify investors , enron replaced its chief financial officer , who until recently headed the two partnerships the sec is eyeing .
nancy rivera brooks
pentagon oks northrop bid for newport news
northrop grumman corp . was all but assured of winning the bid to acquire newport news shipbuilding inc . as the pentagon endorsed the deal and the justice department , citing antitrust concerns , blocked a rival bid by general dynamics corp .
it marked a stunning turn of events for northrop , which got the nod to acquire the virginia builder of nuclear submarines and aircraft carriers despite having been the underdog .
the los angeles - based defense contractor made an unsolicited offer for newport news after the shipbuilder had inked a $ 2 . 1 - billion deal with general dynamics .
separately , northrop said third - quarter earnings fell 22 % because of a large drop in pension fund investments .
peter pae
hollywood production jobs fall to 4 - year low
skittishness following the sept . 11 terrorist attacks has exacerbated an already slow season in hollywood , pushing employment in the movie , television and film industry to a four - year low in september , state statistics show .
cutbacks and delayed projects by the major studios has trickled down through the industry , leading to a spate of layoffs at small companies that provide equipment and services for the industry .
meg james
grammy officials urge greene settlement
high - ranking officials at the grammy organization recommended a settlement of more than half a million dollars to resolve sexual assault and battery allegations against the nonprofit group ' s chief executive , c . michael greene , grammy sources said .
the proposed settlement , subject to approval by the group ' s board of directors , has ignited an internal revolt , with at least a dozen of the 41 trustees privately calling for greene ' s firing , the sources said .
greene declined to comment . attorneys for the grammy nonprofit group previously denied that greene assaulted or had any sexual contact with jill geimer , the grammy executive who has threatened to sue over greene ' s alleged misconduct .
chuck philips
emi ousts record label executive nancy berry
british music conglomerate emi group sacked nancy berry , the vice chairwoman of its worldwide virgin records division .
berry ' s exit came a week after the london - based record company ousted its global record chief , ken berry , who is nancy berry ' s former husband .
the shake - up follows a dispiriting period for emi , including a disastrous sales debut from pop icon mariah carey , who suffered a nervous breakdown months after signing an $ 80 - million contract with the company this year . nancy berry spearheaded the elaborate marketing campaign for carey ' s album , " glitter , " which has sold fewer than 400 , 000 copies since its sept . 11 debut .
jeff leeds
management buyout of g & l realty approved
stockholders of g & l realty corp . approved a management - led buyout of the real estate investment trust despite a higher offer by a rival group and concerns that the deal unfairly favors top executives .
the company ' s co - chairmen , daniel gottlieb and steven lebowitz , plan to take the small beverly hills - based company private after a majority of shareholders backed their $ 12 - a - share offer .
the management - led offer triggered a shareholder lawsuit this year that claimed g & l ' s board breached its fiduciary duty
jesus sanchez
internet archive turns back web pages of time
the nonprofit internet archive launched its so - called wayback machine , allowing web surfers to check out most internet sites that have vanished and older versions of sites that are still around .
the san francisco effort is the brainchild of brewster kahle , a millionaire technologist who wants to preserve the internet ' s ephemera for generations to come .
like many internet pioneers , however , kahle faces unfamiliar risks along with the opportunities : the archive might be the most massive violation of copyright law since ownership rights over words came into being .
more than 10 billion pages are available at http : / / web . archive . org .
joseph menn
job cuts , make - over in store for sears
sears , roebuck ; photographer : associated press ; photo : sears is cutting nearly 5 , 000 jobs and launching a new strategy . ; ; photographer : associated press ; photo : the reeling airline industry is expecting its problems to worsen . ; ; photographer : agence france - presse ; graphic : dimming power , los angeles times ;
copyright ? 2000 dow jones & company , inc . all rights reserved .
business
ralph bivins
devon energy makes building its own with major lease
ralph bivin
staff
10 / 28 / 2001
houston chronicle
2 star
10
( copyright 2001 )
houston is known as the " energy capital of the world . " and a glance around the downtown skyline proves the nickname is appropriate . houston skyscrapers bearing the names of enron , chevron , exxon and shell make significant contributions to the view .
now another name is being added to the downtown mix , enhancing the energy capital image even further . the 36 - story two allen center has been renamed devon energy tower .
devon energy has just signed a lease for 193 , 000 square feet of space , more than doubling its presence in the building , and as part of the deal , devon gets to put its name on the structure .
the lease also gives oklahoma city - based devon the right to take more space in the 1 million - square - foot building , at 1212 smith st .
devon recently announced its plans to acquire mitchell energy & development , but it will maintain mitchell ' s offices in the woodlands , said klay kimker , manager of office administration for devon .
kevin snodgrass and tim relyea of cushman & wakefield represented devon in the transaction . paul frazier and margaret sigur negotiated the deal on behalf of trizechahn office properties , the owner of the building .
trizechahn owns both the allen center and cullen center office complexes , a total of 6 million square feet of space in downtown . the trizechahn office space is nearly full right now , but enron will be vacating large amounts of space there next year when the nearby enron building is complete .
teamsters to build facilities
teamsters union officials are planning to build new headquarters facilities after the union sells its building on the katy freeway .
to replace the katy freeway building , the union expects to build two smaller structures near bush intercontinental airport to house different chapters , said a . w . parker , secretary treasurer of local 968 .
parker ' s group is expecting to build a 13 , 000 - square - foot building at ella boulevard at beltway 8 .
another teamsters group has purchased 4 . 5 acres on beltway 8 at diplomatic plaza drive , in the world houston business center . the land was purchased from the licha family trust . tony patronella and marc drumwright , both of southwest realty advisors , handled the sale .
chicago firm buying property
a chicago real estate investment firm is on a quest to acquire suburban office buildings in houston .
ml capital ventures has purchased two small office structures : the 71 , 736 - square - foot building at 5500 northwest central drive and the 66 , 338 - square - foot building at 5301 hollister . the building on northwest central drive is the headquarters of bj services energy company .
mike luecht , president of ml capital , said his firm will acquire two additional houston office buildings before the end of the year .
ml capital , which has been in business for eight months , will exceed luecht ' s initial plan to buy more than $ 22 million worth of suburban office space in houston in the company ' s start - up phase .
luecht said his firm was bullish on two types of real estate : buying warehouses in chicago and buying office buildings in suburban houston . houston ' s economy has been adding jobs and it is a promising market that is overlooked by many investors , luecht said . many investors have been too slow to forget the devastating meltdown of houston realty market in the 1980 s , luecht said .
in its most recent deal , ml ventures bought the 5500 northwest central building in partnership with avgeris & associates of chicago . tom bousquet of cb richard ellis brokered the deal .
woodlands opens new section
several $ 1 million home sites go up for sale this weekend as the woodlands opens a new section of its carlton woods gated community .
the premium lots will be facing the new jack nicklaus signature golf course .
custom lots will range in price from $ 150 , 000 to $ 1 million and range in size from one - fifth of an acre to two - and - three - fourths acres .
the carlton woods community is the first gated community in the woodlands and has been well received by upper - end home buyers , said paul lazzaro , vice president of marketing for the woodlands .
thirty - two homes are under construction in carlton woods and all of them are priced at more than $ 1 million .
a total of 208 lots have been sold in carlton woods , which opened about a year ago .
copyright ? 2000 dow jones & company , inc . all rights reserved .
india press : enron plans to exit lng shipping jv
10 / 28 / 2001
dow jones international news
( copyright ( c ) 2001 , dow jones dow jones newswires ; 91 - 11 - 461 - 9426 ; himendra . kumar @ dowjones . com
copyright ? 2000 dow jones section c
enron taps all its credit lines to buy back $ 3 . 3 billion of debt
by floyd norris
10 / 27 / 2001
the new york times
page 2 , column 5
c . 2001 new york times company
the enron corporation , trying to reassure investors that it has ample liquidity , began to repurchase all its outstanding commercial paper yesterday , using $ 3 . 3 billion it borrowed from banks by depleting its lines of credit .
an enron spokesman said that when the commercial paper repurchases are completed the company will retain more than $ 1 billion in cash .
the moves did not appear to reassure investors , as enron ' s share price fell to another six - year low . shares traded as low as $ 15 . 04 yesterday , before ending the day at $ 15 . 40 , down 95 cents .
the move will raise the interest expense for the company , because banks normally charge more than companies have to pay in the commercial paper market , and because its outstanding debt will rise by the additional $ 1 billion .
enron ' s debt is rated investment grade . but its bonds now trade below investment grade levels , although not so low that it appears investors fear an early default . but with the bonds trading so low , it is unlikely enron will be able to sell more commercial paper .
enron ' s stock has been plunging since oct . 17 , shortly after it disclosed that its third - quarter balance sheet , which has yet to be released , will show a $ 1 . 2 billion reduction in shareholder equity as a result of complicated transactions involving partnerships formerly controlled by andrew fastow , who was the company ' s chief financial officer until he was replaced on wednesday .
the stock has lost more than half its value since the earnings announcement , and the company has disclosed that the securities and exchange commission has asked questions about its accounting practices .
copyright ? 2000 dow jones & company , inc . all rights reserved .
companies & finance international - enron ' s bond prices drop to warning levels .
by robert clow , sheila mcnulty and jenny wiggins .
10 / 27 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
enron , the houston - based energy trading group , continued to pay a heavy price for its lack of financial transparency yesterday as its bond prices plummeted .
investor confidence in enron has declined sharply since the company announced a $ 1 . 2 bn reduction of shareholder equity stemming from a complex off - balance sheet structure . the securities and exchange commission has also launched an informal investigation into the company ' s finances .
enron ' s five - year bonds were trading yesterday at 77 cents in the dollar with a yield of 11 . 13 per cent , down from 83 cents on thursday . bond prices at these levels normally suggest that investors expect a company to file for bankruptcy .
late on thursday , enron announced that it would draw on its bank lines to buy back its outstanding commercial paper after two ratings agencies put the company on negative watch .
commercial paper financing , which normally has to be rolled every 90 days , is one of the first forms of financing to disappear in a crisis .
" what they want to do is assure their clients and other trading partners that they are creditworthy and continue with business , " said robin west , chairman of the petroleum finance company , the industry consultants . " in a situation like this , cash is king . "
enron ' s biggest immediate business risk is that its major trading counterparties , such as duke energy and reliant resources , start asking it for more collateral , increasing the cost of its everyday business .
if enron were downgraded to junk , the counterparties could do just that .
so far , credit rating analysts say , enron ' s core business is holding up well . but their actions over the past few days acknowledge that the company could still be severely damaged by the scandal .
enron has long faced criticism of its opaque financial reporting , but its most recent problems stem from the ljm private equity fund run by andy fastow , the company ' s former chief financial officer .
enron compensated its partners in this complex off - balance sheet structure by promising to give them enron shares , if the value of private equity investments in the new power company , technology and other things fell below a certain level .
those investments fell $ 1 . 2 bn in value from the threshold level , which should have triggered the issue of 62 m shares if the deal had not been reversed .
the complex deal was designed to make sure enron did not experience the same balance sheet volatility that jp morgan chase and others have suffered from marking their private equity investments to market .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones & company , inc . all rights reserved .
shorts - enron bond prices under pressure .
10 / 27 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
enron , the houston - based energy trading giant , continued to pay the price for financial opacity as its stock slumped to its lowest level since 1995 and its five - year bonds traded at 77 cents in the dollar with a yield of 11 . 13 per cent , down from 83 cents on thursday . bond prices at these levels normally suggest that investors expect a company to file for bankruptcy . page 10 .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones stock slides
10 / 27 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - after enron corp . tapped into more than $ 3 billion in credit in an effort to boost confidence of investors and customers , stock prices dropped .
enron corp . ' s stock price hit its lowest point in more than five years friday . shares fell 95 cents on friday to $ 15 . 40 , a level not seen since 1995 , as analysts continued to muddle through a complicated series of bookkeeping issues revealed after the company ' s earnings announcement earlier this month .
the stock is down more than 50 percent in two weeks , and the company lost almost $ 14 billion in market value .
late this week the company decided to convert $ 3 billion in revolving credit it has through various banks into cash . the company put about $ 1 . 1 billion in the bank in an effort to reassure business partners and investors of its liquidity and is using the $ 2 . 2 billion balance to begin an orderly repurchase of a certain kind of short - term corporate iou known as commercial paper .
" nothing spells confidence quite like cash , which is what we want investors to understand , " said enron spokesman mark palmer of the $ 1 . 1 billion banked this week .
palmer could neither confirm nor deny that the company is negotiating further lines of credit with banks but described such actions as " good management decisions . "
on oct . 16 enron ' s third - quarter earnings release drew renewed attention to an issue investors and analysts had previously been unhappy about : then - chief financial officer andrew fastow , with the enron board ' s approval , had formed and run two investment partnerships that could have created a conflict of interest .
the partnerships , ljm cayman and ljm 2 co - investment , did complex financing and hedging deals with enron .
fastow had resigned from his roles in the partnerships months ago when wall street began to question whether he could watch out for the interests of enron ' s shareholders and the investment partnership simultaneously . but last week when the company reported a $ 35 million loss related to ending its ljm ties as well as a $ 1 . 2 billion reduction in shareholder equity , new questions began to arise .
the securities and exchange commission ' s division of enforcement launched an informal inquiry into the partnerships , and earlier this week fastow was put on a leave of absence .
reducing the company ' s debt exposure through commercial paper and putting it back into more traditional financial tools , like a revolving line of credit , could give great peace of mind to enron ' s investors , said anatol feygin , an analyst with j . p . morgan .
" it helps them shore up their support behind their energy trading business , which is really the core of their operations , " feygin told the houston chronicle for saturday ' s editions .
carol coale , an analyst with prudential securities , still sees the move as somewhat confusing .
" just last week they were touting their unused lines of credit as a plus , but the fact that they tapped those now sends a strange , mixed message , " she said . " do they need the cash to keep the rating agencies off their back ? is it a gesture for customers ? it first struck me as another one of these strangely timed actions on the part of management . "
copyright ? 2000 dow jones financial desk
enron decline continues
bloomberg news
10 / 27 / 2001
los angeles times
home edition
c - 2
copyright 2001 / the times mirror company
houston - - enron corp . bonds and shares fell after the largest energy trader tapped a $ 3 - billion credit line because it has been shut out of the leading market for low - interest , short - term loans .
the company ' s stock has fallen 54 % in the last 14 days after investors questioned its transactions with affiliates run by enron ' s former chief financial officer . the shares fell 95 cents , or 5 . 8 % , to $ 15 . 40 on the new york stock exchange .
investors said chief executive kenneth lay has failed to reassure them that the company ' s credit rating won ' t be cut . enron can no longer borrow in commercial paper markets , where short - term loans carry lower rates than banks offer .
" do they have the financial flexibility they once had ? no , " said john cassady , who helps manage $ 3 billion in bonds at fifth third bancorp . " people are questioning the credibility of management . "
the company will use its credit line to pay off $ 2 . 2 billion in commercial paper it has outstanding , enron spokesman mark palmer said .
the price of enron ' s 6 . 75 % bonds , which mature in 2009 , declined 11 / 2 points to a bid of 84 cents on the dollar and an offer of 86 cents . at that price , the bonds , which carry a rating of bbb + , yield 9 . 53 % .
investors have grown concerned that the firm ' s credit rating will be cut after $ 1 . 01 billion in third - quarter losses from failed investments . enron needs good credit to raise cash daily to keep trading partners from demanding collateral and to settle transactions .
enron ' s decision to tap its credit line was " a smart financial move , " said stephen moore of moody ' s investors service . " it took away the hassle and time - consuming nature of rolling commercial paper and insured access to capital . "
copyright ? 2000 dow jones stock slides / company says cash will boost confidence
tom fowler
staff
10 / 27 / 2001
houston chronicle
3 star
1
( copyright 2001 )
enron corp . ' s stock price hit its lowest point in more than five years friday after it tapped into more than $ 3 billion in revolving credit in an effort to re - assure investors and customers .
shares fell 95 cents on friday to $ 15 . 40 , a level not seen since 1995 , as analysts continued to muddle through a complicated series of bookkeeping issues revealed after the company ' s earnings announcement earlier this month . the stock is down more than 50 percent in two weeks , and the company lost almost $ 14 billion in market value .
late this week the company decided to convert $ 3 billion in revolving credit it has through various banks into cash . the company put about $ 1 . 1 billion in the bank in an effort to reassure business partners and investors of its liquidity and is using the $ 2 . 2 billion balance to begin an orderly repurchase of a certain kind of short - term corporate iou known as commercial paper .
" nothing spells confidence quite like cash , which is what we want investors to understand , " said enron spokesman mark palmer of the $ 1 . 1 billion banked this week .
palmer could neither confirm nor deny that the company is negotiating further lines of credit with banks but described such actions as " good management decisions . "
enron ' s most recent woes began oct . 16 when its third - quarter earnings release drew renewed attention to an issue investors and analysts had previously been unhappy about : then - chief financial officer andrew fastow , with the enron board ' s approval , had formed and run two investment partnerships that could have created a conflict of interest .
the partnerships , ljm cayman and ljm 2 co - investment , did complex financing and hedging deals with enron and were formed originally as a way to offset risks associated with some of the company ' s newer businesses such as broadband trading .
fastow had resigned from his roles in the partnerships months ago when wall street began to question whether he could watch out for the interests of enron ' s shareholders and the investment partnership simultaneously . but last week when the company reported a $ 35 million loss related to ending its ljm ties as well as a $ 1 . 2 billion reduction in shareholder equity , new questions began to arise .
the securities and exchange commission ' s division of enforcement launched an informal inquiry into the partnerships , and earlier this week fastow was put on a leave of absence .
now enron will begin repurchasing its commercial paper . this is a way for companies to raise money over a short period at rates that are usually slightly better than what banks offer , and often with more flexible terms .
" to some extent , redeeming the commercial paper is at the expense of the capital markets , which look at it negatively , " said anatol feygin , an analyst with j . p . morgan .
but reducing the company ' s debt exposure through commercial paper and putting it back into more traditional financial tools , like a revolving line of credit , could give great peace of mind to enron ' s investors , he said .
" it helps them shore up their support behind their energy trading business , which is really the core of their operations , " feygin said .
carol coale , an analyst with prudential securities , still sees the move as somewhat confusing .
" just last week they were touting their unused lines of credit as a plus , but the fact that they tapped those now sends a strange , mixed message , " she said . " do they need the cash to keep the rating agencies off their back ? is it a gesture for customers ? it first struck me as another one of these strangely timed actions on the part of management . "
jeff dietert , an analyst at simmons & co . , said enron management needs to continue to make clear the issues that have investors confused and concerned .
in a worst - case scenario , investor fears could create a vicious cycle that continues to drive the stock down , which would force bond rating agencies to consider downgrades of enron . that could lead to lower credit ratings , which would force enron ' s energy trading partners to limit their exposure to the company and cut back on business with it .
" thus , we see a big incentive for enron to clarify the issues , " dietert wrote in a report friday . " our gut feel is that enron can pull it off . "
feygin said he also believes the company will continue to do better in revealing its financial dealings but thinks there may be more surprises in store .
for example , a wall street journal article friday discussed for the first time another business entity with ties to enron known as chewco . it was formed in 1997 with about $ 400 million in financial backing to buy interests in unnamed enron assets .
chewco was run by michael kopper , a managing director of enron ' s global equity markets group .
copyright ? 2000 dow jones & company , inc . all rights reserved .
business
enron says microsoft breached contract
staff
10 / 27 / 2001
houston chronicle
3 star
2
( copyright 2001 )
enron corp . filed suit against microsoft corp . in state district court in houston this week , claiming the software giant breached a contract over a new high - speed internet service .
the companies entered into an agreement last june in which enron would provide internet bandwidth to microsoft as it rolled out its msn broadband service . enron ' s broadband network would link msn customers in over two dozen states , including texas .
qwest communications is providing the internet infrastructure in 14 other states for msn .
on oct . 23 , microsoft said that enron would have breached the contract if it didn ' t provide an operational bandwidth system by oct . 25 , according to bloomberg news . in the lawsuit , enron claims microsoft failed to deliver the ordering and billing system it needed to deliver its end of the project ' s first phase .
the lawsuit appears to be blocking the launch of the msn service in all but the 14 states served by qwest .
enron officials declined to comment . a microsoft spokesman said the company had not reviewed the filing but was " confident that we have upheld our agreement with enron . "
copyright ? 2000 dow jones section a
journal
how to lose a war
by frank rich
10 / 27 / 2001
the new york times
page 19 , column 2
c . 2001 new york times company
welcome back to sept . 10 .
the ' ' america strikes back ' ' optimism that surged after sept . 11 has now been stricken by the multitude of ways we ' re losing the war at home . the f . b . i . has proved more effective in waging turf battles against rudy giuliani than waging war on terrorism . of the more than 900 suspects arrested , exactly zero have been criminally charged in the world trade center attack ( though one has died of natural causes , we ' re told , in a new jersey jail cell ) . the bush team didn ' t fully recognize that a second attack on america had begun until more than a week after the first casualty . the most highly trumpeted breakthrough in the hunt for anthrax terrorists - - tom ridge ' s announcement that ' ' the site where the letters were mailed ' ' had been found in new jersey - - proved a dead end . and now the president is posing with elementary - school children again .
given that this is the administration that was touted as being run with c . e . o . clockwork , perhaps it should be added to the growing list of things that have changed forever since sept . 11 . but let ' s not be so hasty . not everything changes that fast - - least of all washington . the white house ' s home - front failures are not sudden , unpredictable products of wartime confusion but direct products of an ethos that has been in place since jan . 20 .
this is an administration that will let its special interests - - particularly its high - rolling campaign contributors and its noisiest theocrats of the right - - have veto power over public safety , public health and economic prudence in war , it turns out , no less than in peacetime . when anthrax struck , the administration ' s first impulse was not to secure as much cipro as speedily as possible to protect americans , but to protect the right of pharmaceutical companies to profiteer . the white house ' s faith in tax cuts as a panacea for all national ills has led to such absurdities as this week ' s house ' ' stimulus ' ' package showering $ 254 million on enron , the reeling houston energy company ( now under s . e . c . investigation ) that has served as a bush campaign cash machine .
airport security , which has been enhanced by at best cosmetic tweaks since sept . 11 , is also held hostage by campaign cash : as salon has reported , servicemaster , a supplier of the low - wage employees who ineptly man the gates , is another g . o . p . donor . not that republicans stand alone in putting fat cats first . in a display of bipartisanship , democrats - - lobbied by linda hall daschle , the senate majority leader ' s wife - - joined the administration in handing the airlines a $ 15 billion bailout that enforces no reduction in the salaries of the industry ' s c . e . o . ' s even as they lay off tens of thousands of their employees .
to see how the religious right has exerted its own distortions on homeland security , you also have to consider an administration pattern that goes back to its creation - - and one that explains the recent trials of poor tom ridge .
mr . ridge is by all accounts a capable leader - - a successful governor of a large state ( pennsylvania ) who won the bronze star for heroism in vietnam . a close friend of george w . bush , he should have been in the administration from the get - go , and was widely rumored to be a candidate for various jobs , including the vice presidency . but after being pilloried by the right because he supports abortion rights , he got zilch . instead of mr . ridge , the administration signed on the pro - life john ashcroft and tommy thompson - - who have brought us where we are today .
the farcical failures of these two cabinet secretaries are not merely those of public relations - - though mr . thompson often comes across as a chamber of commerce glad - hander who doesn ' t know his pants are on fire , and mr . ashcroft often shakes as if he ' s not just seen great caesar ' s ghost but perhaps john mitchell ' s as well . both have a history of letting politics override public policy that dates to the start of the administration . they ' ve seen no reason to reverse their partisan priorities even at a time when the patriotic duty of effectively fighting terror should be their no . 1 concern .
pre - sept . 11 , mr . thompson , in defiance of science , heartily lent his credibility to the bush administration ' s stem cell ' ' compromise ' ' by going along with its overstatement of the viability and diversity of the stem cell lines it would deliver to researchers . post - sept . 11 , he destroyed his credibility by understating the severity of the anthrax threat , also in defiance of science . now he maintains that the $ 1 . 5 billion the administration is requesting to plug the many holes in our public health system - - almost all of it earmarked for stockpiling pharmaceuticals , not shoring up local hospitals - - is adequate for fighting bioterrorism . this , too , is in defiance of all expert estimates , including that of the one physician in the senate , the republican bill frist .
it should also be on mr . thompson ' s conscience that for the first two weeks of the anthrax crisis he kept the federal government ' s house physician - - david satcher , the surgeon general and a much - needed honest broker of public health - - locked away , presumably because dr . satcher , a clinton appointee , became persona non grata in the bush administration for issuing a june report on teenage sexuality that angered the religious right . only after mr . ridge arrived on the scene was the surgeon general liberated from the gulag .
as for mr . ashcroft , he has gone so far as to turn away firsthand information about domestic terrorism for political reasons . planned parenthood , which has been on the front lines of anthrax scares for years and has by grim necessity marshaled the medical and security expertise to combat them , has sought a meeting with the attorney general since he took office but has never been granted one . this was true not only before sept . 11 but , says ann glazier , planned parenthood ' s director of security , remains true - - even though her organization , long targeted by such home - grown talibans as the army of god , has a decade ' s worth of leads on ' ' the convergence of international and domestic terrorism . ' '
ms . glazier found the sight of mr . ashcroft and other federal keystone kops offering a $ 1 million reward for anthrax terrorists a laughable indication of how little grasp they have of the enemy . ' ' religious extremists don ' t respond to money , ' ' she points out . such is the state of the f . b . i . , she adds , that one agent told a clinic to hold onto a suspect letter for a couple of days ' ' because we have so many here we ' re afraid we ' re going to lose it ' ' ( perhaps among the timothy mcveigh documents ) .
if either the attorney general or the secretary of health and human services inspired anything like the confidence that , say , mayor giuliani does , there wouldn ' t have been a need to draft mr . ridge . even so , he ' s mainly a p . r . gimmick - - a man who should have been in the administration in the first place reduced to serving as a fig leaf for lightweights . as director of homeland security , he ' s allegedly charged with supervising nearly 50 government agencies - - so far with roughly a dozen staff members . when asked to define mr . ridge ' s responsibilities , ari fleischer said on wednesday that it was ' ' a very busy coordination job , ' ' but so far mr . ridge is mainly sowing still more confusion .
the one specific duty that he has claimed - - in an interview with tom brokaw - - was that he ' d be the one ' ' making the phone call ' ' to the president to shoot down any commercial airliner turned into a flying bomb by hijackers . that presumably comes as news to donald rumsfeld , who made no provision for any homeland security czar in the air force chain of command he publicly codified days after mr . ridge ' s appointment .
since the administration tightly metes out the news from afghanistan , we can only hope that the war there is being executed more effectively than the war here - - even as mr . rumsfeld and his generals now tell us that the taliban , once expected to implode in days , are proving viet - cong - like in their intractability . the wall street journal also reported this week that ' ' instead of a thankful afghan population , popular support for the taliban appears to be solidifying and anger with the u . s . growing . ' '
maybe we ' re losing that battle for afghan hearts and minds in part because the bush state department appointee in charge of the propaganda effort is a c . e . o . ( from madison avenue ) chosen not for her expertise in policy or politics but for her salesmanship on behalf of domestic products like head & shoulders shampoo . if we can ' t effectively fight anthrax , i guess it ' s reassuring to know we can always win the war on dandruff .
drawing
copyright ? 2000 dow jones & company , inc . all rights reserved .
city - enron directors cash in shares .
by simon english .
10 / 27 / 2001
the daily telegraph
p 31
( c ) telegraph group limited , london , 2001
leading executives at enron , the troubled us energy giant , cashed in shares worth more than $ 100 m ( # 70 m ) this year in the run - up to a financial crunch that has left the company ' s credibility in ruins .
research by thomson financial shows that kenneth lay , chief executive , sold about 400 , 000 shares this year , netting him more than $ 25 m . he still held 2 . 8 m shares until july .
other executives made similar sales , a revelation likely to anger investors who have seen the shares fall from $ 83 at the start of the year to $ 45 by july . they halved again this week and fell to below $ 16 yesterday . enron declined to comment on the share sales .
mr lay said in a statement that he is seeking to " dispel uncertainty in the financial community " by drawing on lines of credit to restore faith in enron ' s financial strength . enron will pay off debts of $ 2 . 2 billion and keep another $ 800 , 000 in cash . he said : " we know we have our work cut out for us if we are to rebuild our credibility with the investment community . "
the company is facing an inquiry by the securities & exchange commission into partnerships managed by andrew fastow , former chief financial officer .
mr fastow was ousted on wednesday night as part of the company ' s moves to restore confidence , though enron insists he has done nothing wrong .
enron lost $ 1 billion in the third quarter on what it has called " failed investments " .
copyright ? 2000 dow jones & company , inc . all rights reserved .
india : lenders to meet over enron ' s dabhol on nov 3 .
10 / 27 / 2001
reuters english news service
( c ) reuters limited 2001 .
bombay , oct 27 ( reuters ) - lenders to power plant in india majority owned by enron corp have called a meeting next week in london to discuss ways of reviving the beleaguered project , a banking source said on saturday .
they will examine offers that two indian companies have put forward for buying the u . s . energy giant ' s 65 percent stake , and those of two other u . s . firms , in dabhol power company ( dpc ) , which is building the controversial project , the source told reuters .
the meeting of lenders , who include multinational banks such as citibank and bank of america , will be held on november 3 , the source added .
at stake is not just the fate of the $ 2 . 9 billion , 2 , 184 mw project , which is india ' s largest foreign direct investment , but also the over $ 600 million investment of enron , general electric co and bechtel .
all three companies are founders of dpc , which in 1995 got permission from india ' s maharashtra state government to set up the plant on its coast .
the plant ' s first phase of 740 mw was completed in 1999 , but work on the second phase of 1 , 444 mw , which is 97 percent complete , was abruptly stopped in june this year following a blazing row with cash - strapped state utility mseb .
mseb , which agreed in 1995 to take the plant ' s entire output , said it can no longer do so because dabhol ' s power is too costly .
dabhol , in turn , accused mseb of defaulting on its monthly payments and served a preliminary notice to terminate the power purchase contract .
under this notice , both companies are given six months time to settle the matter through negotiations . if talks fail , dabhol has the right to issue a final termination notice and take the matter to arbitration in london . that six month period expires on november 19 .
houston - based enron , which owns 65 percent of dabhol , further announced that it intends to exit the project and offered to sell its equity to the indian government .
time running out
the business standard newspaper reported that next week ' s meeting would also discuss a request by dabhol to finally terminate the contract after november 19 .
" it is one of the items on the agenda , " the paper quoted a senior banker as saying .
the paper said once dabhol serves the final notice , the matter proceeds to arbitration , which would not help india .
" the widespread view among the government and lenders is that in such a situation dpc will win hands down , " the paper added .
a dabhol spokesman could not be contacted immediately .
the source said the meeting would review the progress made in resolving the dispute so far .
the indian government has not responded to enron ' s offer to buy its equity , but two indian companies , bses ltd and tata power ltd , have shown interest .
they have agreed to take over the project if the cost is reduced , and if the founders agree to sell their stake at a discount .
local business daily , the economic times reported on friday that tata power and bses are willing to pay the founders $ 450 - $ 600 million for the 85 percent stake held by enron , ge and bechtel .
enron has rejected the offer and is not ready to settle for anything less than $ 1 billion , the paper added .
officials of tata power and bses were not immediately available for comment .
( $ 1 = 48 . 00 indian rupees ) .
copyright ? 2000 dow jones move could block high - speed service
the associated press , bloomberg news
10 / 27 / 2001
the seattle times
fourth
e 4
( copyright 2001 )
houston - - enron has sued microsoft , alleging it breached a contract for broadband services , in a move that could temporarily block the largest software company ' s msn high - speed internet service in some u . s . regions .
microsoft said the dispute temporarily blocks the company from providing the high - speed service in areas where enron provides broadband access , leaving msn fully operational only in the 14 states - - including washington - - where qwest communications international operates , said bob visse , director of marketing for msn .
enron ' s lawsuit was filed thursday , the same day microsoft had planned to offer fast internet access in 45 cities to give it access to potential customers in 29 million homes . microsoft , the no . 2 u . s . internet provider , is making a push to win customers from aol time warner .
" we are trying to resolve the issues with enron , as quickly as possible and at the same time we are evaluating other providers , " visse said .
enron spokeswoman karen denne declined to comment on the lawsuit , citing company policy on pending litigation . enron , based in houston , is the largest energy trader .
enron in june signed an agreement with microsoft to provide bandwidth for msn internet service . under the agreement , enron isn ' t required to deliver operational broadband services if microsoft hasn ' t first provided a billing and ordering system , dow jones news wire reported .
enron claims in its lawsuit that microsoft failed to deliver the ordering and billing system required in the initial phase of the deal , dow reported .
alternative browser - users denied microsoft entry
new york - - microsoft ' s premier web portal , msn . com , denied entry to millions of people who use alternative browser software such as opera and told them to get microsoft ' s products instead .
the decision led to complaints from the small but loyal opera community that microsoft was abusing its status as the internet ' s browser leader . microsoft later backed off and said yesterday that it would support the other browsers after all .
browser products affected by the shutout , which was triggered by a face - lift of the msn . com web site , included opera , mozilla and amaya , said kevin reichard , editorial manager for internet . com ' s browserwatch site .
mike pettit , president of procomp , an anti - microsoft group , urged state and federal investigators to look into the matter as part of its lawsuit accusing microsoft of anti - competitive practices .
- - the associated press
microsoftsf to shut down ; sony will run retail store
san francisco - - sony will take over a retail store it manages with microsoft next month , when the biggest software maker ' s xbox goes up against sony ' s playstation 2 in a contest for control of the $ 20 billion video - game market , a sony spokeswoman said .
the two companies agreed to shut down microsoftsf , a retail outlet in sony ' s san francisco metreon entertainment complex . it will be replaced with a digital solutions electronics store run by sony on thursday , metreon spokeswoman kirsten maynard said .
in april 1998 , the companies said they would open the store that displays and sells microsoft products alongside sony electronics that run the software . in march 2000 , microsoft announced the xbox , a game console with an advanced - graphics chip that goes on sale nov . 15 .
" a lot has changed with both companies , " maynard said . " it sort of became not - a - fit anymore . "
sony metreon won ' t carry the xbox or game cube , a new video console from nintendo that goes on sale nov . 19 , she said . officials at microsoft couldn ' t be reached for comment on the shutdown .
- - bloomberg news
copyright [ copyright ] seattle times company , all rights reserved . you must get permission before you reproduce any part of this material .
copyright ? 2000 dow jones & company , inc . all rights reserved . | 0 | ham | enron mentions | enron discusses credit line of $ 1 billion to $ 2 billion with banks
the wall street journal , 10 / 29 / 01
manager ' s journal : how enron ran out of gas
the wall street journal , 10 / 29 / 01
enron seeks additional financing
the new york times , 10 / 29 / 01
global investing : enron stock plunge deals a heavy blow to mutual funds
financial times ; oct 29 , 2001
comment & analysis - enron flickers .
financial times , 10 / 29 / 01
front page - companies reportedly for 1 - 2 bln usd
afx ( ap ) , 10 / 29 / 01
enron said seeking new credit lines
american banker , 10 / 29 / 01
usa : enron in talks for $ 1 - 2 bln credit line - wsj .
reuters english news service , 10 / 29 / 01
japan : japan ' s teijin , enron study coal - fired power plant .
reuters english news service , 10 / 29 / 01
enron , teijin to build power plant in japan , report says
bloomberg , 10 / 29 / 01
once - mighty enron strains under scrutiny
the new york times , 10 / 28 / 01
plumbing mystery of deals by enron
the new york times , 10 / 28 / 01
investors seem to ignore discouraging news
the new york times , 10 / 28 / 01
enron asks banks for more credit after stock slide , ft reports
bloomberg , 10 / 28 / 2001
enron asks banks for additional credit - ft
dow jones energy service , 10 / 28 / 01
week in review top stories oct . 22 - 26 lockheed edges out boeing for contract
los angeles times , 10 / 28 / 01
devon energy makes building its own with major lease
houston chronicle , 10 / 28 / 01
india press : enron plans to exit lng shipping jv
dow jones international news , 10 / 28 / 01
enron taps all its credit lines to buy back $ 3 . 3 billion of debt
the new york times , 10 / 27 / 01
companies stock slides
associated press newswires , 10 / 27 / 01
enron decline continues
los angeles times , 10 / 27 / 01
enron taps credit line ; stock slides / company says cash will boost confidence
houston chronicle , 10 / 27 / 01
enron says microsoft breached contract
houston chronicle , 10 / 27 / 01
how to lose a war
the new york times , 10 / 27 / 01
city - enron directors cash in shares .
the daily telegraph , 10 / 27 / 01
india : lenders to meet over enron ' s dabhol on nov 3 .
reuters english news service , 10 / 27 / 01
enron sues microsoft for breach of contract ; move could block high - speed service
the seattle times , 10 / 27 / 01
enron discusses credit line of $ 1 billion to $ 2 billion with banks
by jathon sapsford and john emshwiller
staff reporters of the wall street journal
10 / 29 / 2001
the wall street journal
al 0
( copyright ( c ) 2001 , dow jones & company , inc . )
enron corp . , scrambling to restore confidence in its finances , is negotiating with banks for a new credit line of between $ 1 billion and $ 2 billion , and is likely to close a deal within days , according to officials familiar with the matter .
the new credit line is intended to bolster enron ' s financial condition and head off a potentially devastating loss of investor and business confidence . the new credit would supplement existing lines , which are largely tapped out after enron last week drew down about $ 3 billion to increase cash reserves and calm fears in the stock , bond and energy markets .
an enron spokesman confirmed that the company is negotiating a new credit line , but said he couldn ' t supply any further details .
houston - based enron is the nation ' s biggest energy trader and a principal in nearly one - quarter of all electricity and natural - gas trades . once a favorite of wall street , the company now is in the unfamiliar position of convincing a deeply concerned investment community that , despite difficulties , its finances remain sound .
confidence in enron ' s financial situation was shaken after enron earlier this month announced a $ 618 million third - quarter loss and disclosed a $ 1 . 2 billion erosion of shareholder equity related to controversial transactions it had done with entities connected to its then - chief financial officer , andrew fastow .
last week , enron replaced mr . fastow and said that the securities and exchange commission was looking into the transactions . the company has consistently said that the transactions were proper and legal .
enron ' s stock price fell again friday . as of 4 p . m . , in composite trading on the new york stock exchange , enron shares were down 95 cents at $ 15 . 40 . enron shares have fallen 50 % in the past two weeks and are down 83 % from a sept . 18 , 2000 , high of $ 89 . 63 .
late last week , enron tapped its existing credit lines , with part of that money being used to redeem nearly $ 2 billion of its outstanding commercial paper , or short - term corporate ious . ron barone of credit - rating agency standard & poor ' s said he believes that enron was " getting a bit more resistance " recently in rolling over its commercial paper as it came due . thus , enron probably decided it would be easier simply to redeem the paper outstanding , he said .
the enron spokesman yesterday said that paying off the commercial paper and still leaving the company with an additional roughly $ 1 billion cash on hand would give it more financial flexibility .
also last week , credit - rating agencies warned investors they were reviewing enron ' s debt and commercial - paper ratings for a possible downgrade . a lower rating could hamper enron ' s core trading businesses .
behind the worries among these agencies , in part , is the loss of investor confidence , which one of the rating companies , fitch , said in a report last week could impair " enron ' s financial flexibility and access to capital markets , therefore impacting its ability to conduct its business . "
the enron spokesman said yesterday that the company ' s trading partners are doing business with enron on " essentially the same terms " as they have in the past . " there has been no significant change in the credit conditions , " he said . trading partners demanding significantly stricter terms from enron would be a sign of further deteriorating confidence in the energy giant ' s finances .
the banks involved in the current negotiations , including j . p . morgan chase & co . and citigroup inc . , are asking enron for stricter covenants on the new credit line than they had asked for in the past , one official said .
bankers involved with the company say the goal of the new credit line is to show the investment community that enron can meet its commitments . " confidence in this company was lost , " said one bank official involved in the negotiations for a new credit line . " but confidence will be restored . "
corporations of enron ' s size commonly establish credit lines only to demonstrate to the investment community that in case of an emergency , they have access to cash . in practice , few companies actually make use of these lines . thus , drawing down credit lines , while providing immediate cash , also illustrates the pressure enron is feeling .
copyright ? 2000 dow jones & company , inc . all rights reserved .
manager ' s journal : how enron ran out of gas
by paul kedrosky
10 / 29 / 2001
the wall street journal
a 22
( copyright ( c ) 2001 , dow jones & company , inc . )
is troubled enron corp . the long term capital management of the energy markets , or merely yet another mismanaged company whose executives read too many of their own press releases ? or is poor enron just misunderstood ? those are the questions after another week of chinese water torture financial releases from the beleaguered houston - based energy concern .
a year ago enron was the hottest of the hot . while tech stocks were tanking , enron ' s shares gained 89 % during 2000 . even die - hard enron skeptics - - of which there are many - - had to concede that last year was a barnburner for the company . earnings were up 25 % , and revenues more than doubled .
not bad , considering where the company came from . a decade ago 80 % of enron ' s revenues came from the staid ( and regulated ) gas - pipeline business . no longer . enron has been selling those assets steadily , partly fuelling revenues , but also expanding into new areas . by 2000 , around 95 % of its revenues and more than 80 % of its profits came from trading energy , and buying and selling stakes in energy producers .
the stock market applauded the move : at its peak , enron was trading at around 55 times earnings . that ' s more like cisco ' s once tropospheric valuation than the meager 2 . 5 times earnings the market affords enron competitor duke energy .
but enron management wanted more . it was , after all , a " new economy " web - based energy trader where aggressive performers were lucratively rewarded . according to enron chairman and ceo ken lay , the company deserved to be valued accordingly . at a conference early this year he told investors the company ' s stock should be trading much higher - - say $ 126 , more than double its price then .
then the new economy motor stalled . the company ' s president left under strange circumstances . and rumors swirled about enron ' s machinations in california ' s energy markets . investors pored over enron ' s weakening financial statements . but enron analysts must have the energy and persistence of talmudic scholars to penetrate the company ' s cryptic financials . in effect , enron ' s troubles were hiding in plain sight .
it should have been a warning . because of the poor financial disclosure there was no way to assess the damage the economy was doing to the company , or how it was trying to make its numbers . most analysts blithely concede that they really didn ' t know how enron made money - - in good markets or bad .
not that enron didn ' t make money , it did - - albeit with a worrisomely low return on equity given the capital required - - but sometimes revenues came from asset sales and complex off - balance sheet transactions , sometimes from energy - trading revenues . and it was very difficult to understand why or how - - or how likely it was enron could do it again next quarter .
enron ' s financial inscrutability hid stranger stuff . deep inside the company filings was mention of ljm cayman , l . p . , a private investment partnership . according to enron ' s march 2000 10 - k , a " senior officer of enron is the managing member " of ljm . well , that was a puzzler . ljm was helping enron " manage price and value risk with regard to certain merchant and similar assets by entering into derivatives , including swaps , puts , and collars . " it was , in a phrase , enron ' s house hedge fund .
there is nothing wrong with hedging positions in the volatile energy market - - it is crucial for a market - maker . but having an enron executive managing and benefiting from the hedging is something else altogether , especially when the enron executive was the company ' s cfo , andrew fastow . while he severed his connection with ljm ( and related partnerships ) in july of this year - - and left enron in a whirl of confusion last week - - the damage had been done .
as stories in this paper have since made clear , mr . fastow ' s ljm partnership allegedly made millions from the conflict - ridden , board - approved ljm - enron relationship . and recently enron ended the merry affair , taking a billion - dollar writedown against equity two weeks ago over some of ljm ' s wrong - footed hedging . analysts , investors , and the securities & exchange commission were left with many questions , and very few answers .
to be fair , i suppose , enron did disclose the ljm arrangement more than a year ago , saying it had erected a chinese wall between fastow / ljm and the company . and in a bull market , no one paid much attention to what a bad idea that horribly conflicted relationship was - - or questioned the strength of the wall . now it matters , as do other enron - hedged financings , a number of which look to have insufficient assets to cover debt repayments due in 2003 .
we didn ' t do anything wrong is mr . lay ' s refrain in the company ' s current round of entertainingly antagonistic conference calls . that remains to be seen , but at the very least the company has shown terrible judgment , and heroic arrogance in its dismissal of shareholders interests and financial transparency .
where has enron ' s board of directors been through all of this ? what kind of oversight has this motley collection of academics , government sorts , and retired executives exercised for enron shareholders ? very little , it seems . it is time enron ' s board did a proper investigation , and then cleaned house - - perhaps neatly finishing with themselves .
- - -
mr . kedrosky is a professor of business at the university of british colombia .
copyright ? 2000 dow jones section a
enron seeks additional financing
by richard a . oppel jr .
10 / 29 / 2001
the new york times
page 9 , column 4
c . 2001 new york times company
dallas , oct . 28 - - the enron corporation , still struggling to reassure investors it can weather a financial crisis over complicated transactions involving its former chief financial officer , is seeking $ 1 billion to $ 2 billion in additional financing from banks , an industry official said today .
last week , enron , the nation ' s largest energy - trading concern , used about $ 3 billion in available credit lines and spent about $ 2 billion to pay off commercial paper . now , by obtaining even more financing , enron is hoping to convince investors and other energy - trading firms that it will not face a cash squeeze that could lead trading partners to refuse to extend credit or do business with it .
enron ' s board , which has been holding meetings by telephone over the last two weeks to monitor the company ' s financial situation , held another meeting this afternoon . ' ' the board is meeting frequently and will announce any actions when appropriate , ' ' an enron spokesman said .
two weeks ago , enron disclosed that its shareholder equity had been reduced by $ 1 . 2 billion because of deals with investment partnerships involving its former chief financial officer , andrew s . fastow , who was ousted last week . the company also disclosed about $ 1 billion in separate write - offs , and it said last week that the securities and exchange commission had made an inquiry into its financial accounting .
enron hopes to maintain its investment - grade credit rating , which is crucial to ensuring that other energy traders continue to do business with it . lately , enron ' s bonds have been trading at prices more like junk bonds , and two major credit - rating agencies are considering whether to downgrade the company ' s rating .
copyright ? 2000 dow jones oct 29 , 2001
by agencies : agency material and elizabeth wine
enron shares plunged 40 per cent in the last week , doing severe damage to mutual funds , the company ' s largest institutional ownership bloc , and the havoc may continue .
more than 15 per cent of the 4 , 000 us equity funds held shares in the embattled company ' s shares as of the most recent reporting period , according to fund tracker morningstar .
mutual funds held a fifth of enron ' s shares , but that percentage is likely to be much lower now , say fund analysts , who suggest much of the stock ' s halving in october is due to large sales by institutional holders .
janus , the growth fund specialist , was the largest institutional shareholder according to the most recent filings , dated june 30 , with more than 42 m shares representing a stake worth dollars 2 . 1 bn .
the stake - if still held in its entirety - would be worth dollars 659 m at friday ' s closing price of dollars 15 . 40 . enron shares dropped 95 cents , or 5 . 81 per cent on friday , taking its total fall to nearly 41 per cent last week on concerns over accounting questions and some limited partnerships created by andrew fastow , former chief financial officer . on friday , several leading rating agencies put the company ' s debt on credit watches , and enron bond prices plunged . the company ' s stock is down 81 per cent since january .
most fund managers , including those at janus , refuse to discuss a company in which they are actively trading . however , several mutual fund groups with large enron stakes have said their listed positions are " dated " , implying that the funds ' positions in the company have changed .
morningstar analyst christine benz , who follows the janus funds , said managers of the group ' s larger funds had been " lightening up " their enron holdings this year . she said blaine rollins , who manages the dollars 23 bn flagship janus fund , said that in september he had sold some of his stake - listed as 2 . 15 per cent of outstanding shares as of april 30 - but did not say when .
ken zschappel , manager of the dollars 11 bn aim constellation fund , also declined to discuss his holdings , listed as 0 . 27 per cent of outstanding shares as of march 31 . but aim said the position had since been " trimmed substantially " .
other top fund owners , as of the most recent filings , included the alliance premier growth fund , the janus twenty , janus mercury and janus growth & income funds , fidelity magellan , axp new dimensions fund , putnam investors , putnam voyager and putnam new opportunities funds and morgan stanley dividend growth fund .
copyright : the financial times limited
comment & analysis - enron flickers .
by simon london and sheila mcnulty .
10 / 29 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
comment & analysis - enron flickers - once a paragon of the new economy , the us energy group is under scrutiny for its opaque accounting and free - wheeling management , write simon london and sheila mcnulty .
enron has some explaining to do . for the past decade or more , the texas - based company has basked in the admiration of investors and business school professors eager to understand its transformation from staid utility to fast - growing energy trader . now it faces scrutiny of a more unwelcome kind .
its share price has been falling since the beginning of this year . the us securities and exchange commission is investigating multi - million dollar deals with a private equity fund associated with its own chief financial officer , which resulted in a $ 1 . 2 bn reduction in shareholders ' equity . a hastily - convened conference call last week with analysts raised as many questions as it answered about these " related - party transactions " . the departure of andy fastow , the aforementioned cfo , soon followed .
with its credit rating under review by two leading ratings agencies , enron has also been forced to draw down bank credit lines . yesterday if confirmed it was trying to establish additional lines of liquidity .
" this marks the end of enron ' s walk on the wild side , " observes curt launer , an analyst with credit suisse first boston , the investment bank .
on the surface , events at enron can be explained by the combination of deteriorating trading conditions , a complex capital structure and poor investor relations . but the root causes go back further . the entrepreneurial culture and dynamic management that fuelled enron ' s growth in the 1990 s appear to have also sown some of the seeds of the present crisis . therein may lie a cautionary tale for all executives trying to sprinkle " new economy " magic on to old economy companies .
enron ' s transformation began in earnest in 1990 with the arrival of jeffrey skilling , who was hired from mckinsey , the management consulting firm , to develop energy trading .
for the previous decade enron had been emerging as a force in the deregulating us energy markets under the guidance of kenneth lay , a former deputy under - secretary of energy . mr lay remains chairman . but it was mr skilling who spearheaded the move into trading energy as well as generating and supplying it .
the two sides of the business - trading and generation / supply - have always been strange bedfellows . the former demands an entrepreneurial spirit more likely to be found on wall street than in a utility . mr skilling ' s answer in the early 1990 s was to bring in talent from outside the company . one of his first recruits was mr fastow , an expert in securitisation , the repackaging of financial assets so they can be traded in financial markets .
the energy trading division tried from the start to differentiate itself . a management structure was introduced with only four layers - vice - president , director , manager and associate / analyst - much like a consulting firm . employees were free to take as much holiday as they liked , so long as they delivered results . as one of mr skilling ' s early recruits recalled : " it was all about creating an atmosphere and deliberately breaking the rules . "
the seemingly free - wheeling style was based on a " loose - tight " management model expounded by tom peters and bob waterman , the management writers and mckinsey alumni . at enron this meant that employees in the merchant energy business were encouraged by huge bonuses to pursue new ideas and innovate in existing markets .
up - and - coming employees moved freely between projects in pursuit of glory . louise kitchen , the 32 - year - old british executive who was the creative force behind enron online , the group ' s internet - based trading platform , changed jobs or was promoted seven times in five years .
balancing these loose management practices were tight central control of risk , legal commitments , finance and performance evaluation / remuneration . mr skilling once described the approach in this way : " as long as you clear your deals or business ideas through those screens , you can do whatever you want around here . "
this approach did deliver growth and innovation . as well as making markets in its core energy products , enron now trades everything from weather derivatives - which enable companies to insure themselves against unfavourable climatic conditions - to broadband telecommunications capacity and metals . the success of enron online allows the group to describe itself as the world ' s leading e - commerce company .
it has also started marketing electricity to us consumers through a joint venture with international business machines and america online , the internet service provider .
in february this year mr skilling got his reward : he became chief executive of a group ranked seventh in fortune magazine ' s list of the 500 most powerful us corporations - ahead of such corporate giants as ibm , at & t , bank of america and boeing .
in retrospect , however , this breakneck pace of growth and innovation was achieved at a price . first was the personal cost to mr skilling . in august he abruptly resigned after only six months in the top job . personal , non - health related reasons were cited and investors have received no further explanation .
a second cost was an enormous increase in financial complexity . in order to avoid a ballooning of assets and liabilities as the group expanded , enron used a range of off - balance sheet vehicles to help finance expansion . ljm , the private equity fund in which mr fastow played a role , is just one of a cast of characters to be found in the footnotes to enron ' s accounts . other financing vehicles include osprey , marlin , whitewing , atlantic water trust and azurix . " they went after too many things too quickly , " says stephen moore of moody ' s investors service , the credit ratings agency .
a third cost , associated with the last , was a loss of financial transparency . the group ' s extensive use of swaps , options and other derivative financial instruments in its merchant energy business means that investors have little idea of how enron actually makes its money - or the underlying risks to which it is exposed .
david fleischer , an analyst at goldman sachs , summed up the views of many investors during last week ' s conference call . he told the group ' s management : " the company ' s credibility is being severely questioned and there is a need for much more disclosure . there is an appearance that you are hiding something or that there is something going on beneath the surface that may be questionable . "
the fourth cost was a loss of strategic focus . " the problems , in our view , stem from enron venturing too aggressively in areas outside of its core skills , " argues raymond niles , analyst at salomon smith barney . " power plants in india , water companies , extension of their franchise to the mass retail market , and using a fibre - optic network to deliver content over the internet are all unrelated , or only tangentially related , to their core merchant energy business . "
enron executives also appeared to get carried away with the prospects for some of these ventures . this time last year mr skilling was arguing that enron broadband was a business worth $ 35 bn ( # 24 bn ) in its own right . this helped push the share price to all - time highs - and storing up trouble when trading volumes failed to materialise .
" they over - promised on the new business they created , " says chris bartlett , a professor at harvard business school and long - time watcher of the company . " enron was trying to ride the dotcom bubble with enron online and the broadband business . to some extent they are now paying the price . "
will enron weather the storm ? notwithstanding the risk of further out - of - the - blue financial shocks , most analysts believe that it will . the merchant energy business remains powerful and profitable . mr niles at salomon smith barney points out that this side of the group drives more than 80 per cent of earnings and has shown consistent 30 - 40 per cent annual growth over the past three years . assets totalling more than $ 4 bn were also earmarked for disposal before the current crisis erupted , underlining that there is plenty of realisable value within the group ' s portfolio of physical energy assets .
and yet the doubts remain . it is , ultimately , a question of confidence and credibility . investors suspect that the balance between loose and tight management methods has tilted too far towards the former . mr lay and his team will have to tighten up .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones & company , inc . all rights reserved .
front page - companies & markets - enron asks banks for additional credit .
by sheila mcnulty and gary silverman .
10 / 29 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
enron , the troubled us energy group , was attempting yesterday to persuade banks to provide additional credit to bolster its position after a sharp fall in its share price .
the houston - based company was also due last night to hold a special board meeting to consider confidence - building measures after surprise financial disclosures damaged its reputation among us investors .
last week the company raised $ 3 . 3 bn ( euros 3 . 7 bn ) in cash to bolster its financial position but enron admitted yesterday that it was still looking for additional finance . the company insisted , however , that it was in good financial health and that its core energy trading business remained strong .
mark palmer , an enron spokesman , said he hoped the company would have something to announce in coming days from its latest effort to " establish additional lines of liquidity " . " once we are able to get the liquidity position shored up , that will put a lot of fears of the unknown to rest , " mr palmer said .
the company ' s problems have become public since an announcement on october 16 that it would take a $ 1 . 01 bn special charge and write down shareholders ' equity by another $ 1 . 2 bn . the moves followed losses arising from a private equity operation run by andrew fastow , its former chief financial officer , who was forced to take a leave of absence last week .
enron ' s share price has fallen more than 50 per cent since the october 16 announcement and its bonds have been trading at levels that are technically " junk " status , though its official ratings are still investment grade .
" our concern is that a reduction in the debt rating could impair their ability to operate their trading and marketing operations , " said raymond niles of salomon smith barney . " these activities require at least an investment grade credit rating , or enron could be subject to an increase in margin requirements . "
the controversy over enron ' s balance sheet adjustment has resulted in a request for information from the securities and exchange commission . enron flickers , page 22 .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron seeks further credit to reassure investors , wsj says
2001 - 10 - 29 04 : 30 ( new york )
houston , oct . 29 ( bloomberg ) - - enron corp . , the largest
energy trader , asked banks to provide a further credit line of as
much as $ 2 billion in a bid to restore investor confidence in the
company , the wall street journal reported , citing unidentified
officials close to negotiations .
the new credit line is additional to the $ 3 . 3 billion credit
line it tapped last week , the paper said , and should be completed
within days .
investors have shunned the company since oct . 16 when enron
reported a third quarter loss of $ 618 million and wrote down
shareholders ' equity by another $ 1 . 2 billion , the journal said .
the stock has fallen by 54 percent since the announcement .
the company ' s shares were further dented after an investor
sued enron last month , saying dealings with two partnerships run
by former chief financial officer andrew fastow , cost the company
$ 35 million . the suit also called fastow ' s leadership of the
partnerships , set up to cut enron ' s debt , a conflict of interest .
usa : repeat - electric cowboys get roped in at the energy corral .
by janet mcgurty
10 / 29 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , oct 26 ( reuters ) - last year , enron corp . was a darling of investors and analysts , but the freewheeling trader of electricity and natural gas now faces a credibility crisis due to a lack of transparency in its business dealings .
enron , trying to shake investor jitters over a possible downgrade of its credit worthiness and their unease over the company ' s complex financial transactions , has seen its shares shed more than half their market value in the past week .
but the largest natural gas and electricity marketer in the united states is not alone in getting its wings clipped as energy prices come down and the market volatility that drove earnings last year eases .
while enron ' s problems differ from more traditional utilities , many other power producers are returning to their roots . they are scrapping plans for splitting operations and questioning whether more risky overseas operations can be supported by lower prices brought on by a slowing economy .
paul patterson , an energy analyst with abn amro , said there are common themes affecting the industry .
" one is lower power prices and the margins that are associated with them . and two is lower stock prices and the ability to finance more asset driven growth , " patterson said .
as earnings fall and forward earnings guidance is revised downward , some power companies are seeking strategies to address the bleaker environment . and plans to spin off units have been postponed or called off .
shares of enron slid $ 1 . 05 , or 6 . 4 percent , to $ 15 . 30 in afternoon trade on the new york stock exchange on friday .
the world has changed
aes corp . , a global power producer whose earnings fell for a second consecutive quarter on a poor showing from operations in brazil and britain , said thursday it would revamp its organization and did not rule out selling off assets .
" it ' s a different place , " aes ' chief executive officer dennis bakke said of the business climate facing utilities today compared with last year ' s powerful growth . on friday , constellation energy group , parent company of baltimore gas & electric , scrapped plans to split its power generation and trading operations into two company because of economic changes . constellation also hired a new chief executive and severed ties with goldman sachs , which planned to make an equity investment in the company .
" the utility industry and energy markets , and indeed the entire u . s . economy , have changed considerably in the past year . as a combined company , we will be better positioned to seize opportunities to grow and deliver , " said christian poindexter , constellation ' s chairman .
return to traditional values
bakke said one prong of aes ' s brave , new world scenario was a renewed emphasis on the traditionally profitable , long - term contract generation business .
it makes sense for power generating companies to sign about 75 percent to 80 percent of their generating capacity into long - term contracts because it provides stability and a level of profitability in a period of flat growth , according to gordon howald , energy analyst with credit lyonnaise .
" calpine does it already , " he said , referring to the california - based independent power producer that has the lion ' s share of the power it generates contracted out . " what drove the valuations in all these companies last year was that power markets were very inefficient . physical reserve margins were low . but with flat to down demand in 2001 - as it appears to be the case - there is very little to lead us to believe that power prices will be anywhere near that level , " he added .
howald said with all the new generation coming on , natural gas prices should remain high but power prices should come down further , squeezing spark spreads , or profit margins , for solely gas fired companies .
smaller companies also rethink strategies
as lower power prices impact earnings , many power companies are turning back to u . s . markets to try to maximize their bottom line .
" earnings for the quarter is not the big deal . the big deal is that for 2002 they are not going to earn as much as people expected . it ' s a downward revision of earnings guidance . " said patterson .
michigan - based cms energy corp . cut its earnings estimates for the second time to $ 2 to $ 2 . 05 for 2002 , down from $ 2 . 79 and said it would sell off certain overseas assets and focus future growth primarily in north america .
cms , whose earnings were down for the third quarter , said it took a charge for planned divestitures , south american energy distribution units as well as other international investments .
allegheny energy inc . also changed its strategy after reporting a fall in third quarter earnings .
the maryland - based company said while it is continuing to work towards getting necessary regulatory approvals for a initial public offering to hold its unregulated assets , it will not proceed with the offering at this time .
" the company will integrated until market conditions are such that demonstrated value can and will be created for shareholders , " allegheny said .
copyright ? 2000 dow jones reportedly for 1 - 2 bln usd
10 / 29 / 2001
afx ( ap )
copyright 2001 afx news ; source : world reporter ( tm )
new york ( afx ) - enron corp is negotiating with banks for a new credit line , a spokesman told the wall street journal .
the company is in talks to raise between 1 - 2 bln usd and is likely to close a deal within days , it quoted officials familiar with the matter as saying .
the deal , which is intended to head off a potential loss of investor and business confidence , would supplement existing lines . these are largely tapped out after enron last week drew down about 3 bln usd to increase cash reserves and calm market fears .
enron earlier this month announced a heavy third quarter loss and erosion of shareholder equity related to controversial transactions it had done with entities connected to its then chief financial officer , andrew fastow .
jms for more information and to contact afx : www . afxnews . com and www . afxpress . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
markets
enron said seeking new credit lines
by laura mandaro and alissa schmelkin
10 / 29 / 2001
american banker
31
copyright ( c ) 2001 thomson financial , inc . all rights reserved .
the texas energy and telecommunications giant enron corp . was reportedly negotiating with its lenders about new credit lines friday , a day after it drew down billions on its existing lines .
j . p . morgan chase bank one corp . about $ 100 million ; and wachovia corp . , suntrust banks inc . , and fleetboston financial corp . about $ 50 million each , according to goldman sachs estimates . bank of new york has between $ 50 to $ 100 million of exposure , and northern trust , u . s . bancorp and keycorp also have some lending exposure , ms . applebaum said .
representatives of these banks would not comment on their relationships with enron , or did not return phone calls by deadline .
http : / / www . americanbanker . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron in talks for $ 1 - 2 bln credit line - wsj .
10 / 29 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , oct 29 ( reuters ) - energy trading giant enron corp . is negotiating with banks for a new credit line of between $ 1 billion and $ 2 billion and could close a deal within days , the wall street journal reported in its online edition on monday .
according to officials close to the situation , the new credit would supplement existing credit lines , largely tapped out after the company drew down about $ 3 billion last week to increase cash reserves and calm jittery investors ' fears , the journal reported .
the paper said that an enron spokesman had confirmed that the company is negotiating a new credit line , but could not supply any further details .
confidence in enron has been shattered following disclosures about its involvement in complex partnerships . its stock has tumbled amid a u . s . securities and exchange commission inquiry into the company ' s ousted chief financial officer ' s links to some of the partnerships .
copyright ? 2000 dow jones & company , inc . all rights reserved .
japan : japan ' s teijin , enron study coal - fired power plant .
10 / 29 / 2001
reuters english news service
( c ) reuters limited 2001 .
tokyo , oct 29 ( reuters ) - japan ' s major polyester manufacturer , teijin ltd , said on monday it would conduct a feasibility study with u . s . energy giant enron corp on building a coal - fired power plant .
teijin said in a statement that it and e power corp , a japanese affiliate of enron corp , would look into building the 70 , 000 kilowatt coal - burning thermal power plant in matsuyama , ehime prefecture , on the southwestern island of shikoku , where teijin has a polyester plant .
" we are beginning to consider selling surplus power to third parties other than our own plants , with eyes on further deregulation in japan ' s power market , " a teijin spokesman said .
japan is in the process of deregulating its power market . since march last year , large - lot consumers have been free to choose their suppliers .
in its polyester business , teijin has expanded overseas output while reducing domestic production , a trend which would leave it with surplus power . it is thus looking at how to make good use of any surplus .
the two firms were also considering expanding the capacity of teijin ' s existing power generator in matsuyama , teijin said . it hopes to reduce costs at the inefficient small plant with the help of enron .
enron corp said earlier this year it had presented plans to build a liquefied natural gas ( lng ) fired power plant in northern japan , aiming to become the first foreign company to build such a power plant in japan .
the teijin spokesman said the two firms hoped to conclude the feasibility study by june 2002 .
teijin ' s shares ended the day down 13 yen or 2 . 68 percent at 472 yen .
copyright ? 2000 dow jones section 3
once - mighty enron strains under scrutiny
by alex berenson and richard a . oppel jr .
10 / 28 / 2001
the new york times
page 1 , column 2
c . 2001 new york times company
is time running out for enron ?
at the beginning of this year , the enron corporation , the world ' s dominant energy trader , appeared unstoppable . the company ' s decade - long effort to persuade lawmakers to deregulate electricity markets had succeeded from california to new york . its ties to the bush administration assured that its views would be heard in washington . its sales , profits and stock were soaring .
and under the leadership of jeffrey k . skilling , its chief executive , enron ' s arrogance had grown even more quickly .
the company , based in houston , dripped contempt for the regulators and consumer groups that stood between it and fully deregulated markets - - for electricity , water and everything else . everyone would win under deregulation , enron said - - especially its shareholders , whose stock would soar as the company profited from creating new markets .
' ' we are on the side of angels , ' ' mr . skilling said in march , dismissing those who saw the company as a profiteer in california ' s energy crisis . ' ' people want to have open , competitive markets . they want fair competition . it ' s the american way . ' '
but less than a year later , everybody seems to have lost , especially enron ' s investors . enron ' s stock is plunging , and questions about its finances are mounting .
some experts in the energy industry worry that if the crisis at the company worsens , trading in natural gas and electricity could be seriously disrupted and energy prices could grow more volatile . in a worst - case outlook , enron could become the 2001 version of long - term capital management , the huge hedge fund whose collapse roiled financial markets during the fall of 1998 . enron ' s shares have fallen more than 80 percent this year , erasing $ 50 billion in shareholder value .
enron closed on friday at $ 15 . 40 , down 95 cents , after hitting a 52 - week low of $ 15 . 04 earlier in the day .
the future of electricity deregulation is in doubt , thanks to blackouts and soaring power prices in california earlier this year - - a crisis that ended only when that state contradicted deregulation ' s basic tenets by intervening deeply in the power market . enron ' s efforts to become a profit - making water supplier and to create a new market in broadband communications capacity have been expensive failures . in august , mr . skilling quit , forcing kenneth l . lay , his predecessor as chief executive and still enron ' s chairman , to resume day - to - day control of the company .
the company declined to make senior executives , including mr . lay , available for comment , and asked that questions be submitted in writing . mr . skilling could not be reached .
enron ' s problems boiled over earlier this month , when it disclosed that its shareholders ' equity , a measure of the company ' s value , dropped by $ 1 . 2 billion in the last quarter because of a deal disclosed only very hazily in enron ' s regular financial statements . the securities and exchange commission is looking into the company ' s financial reporting , and some investors question whether enron has overstated profits at its primary business of trading electricity and natural gas .
the slump in the company ' s shares accelerated after enron revealed the fall in its shareholders ' equity . on wednesday , the company forced out its chief financial officer , andrew s . fastow , who is at the center of the controversy over enron ' s confusing finances . the company , which six months ago seemed to be reaping billions of dollars from california ' s energy crisis , today faces a potential cash crunch .
the surprise about shareholder equity inflamed investors ' smoldering concern about enron ' s opaque financial statements . now , with wall street analysts and bond - rating agencies demanding more information about the complex transactions that have fueled the company ' s profits , enron has been reduced to issuing news releases assuring investors that it has adequate access to cash .
enron does not appear to be in immediate danger of running out of cash . on thursday , the company drew down a $ 3 . 3 billion credit line it had previously arranged with a group of banks led by citigroup and j . p . morgan chase , which have each extended at least $ 400 million . but because of enron ' s importance in the natural gas and electricity markets , industry experts say that any problem at the company could disrupt energy trading nationwide .
the supply of natural gas and electricity would probably not be affected even if the company failed , because enron is mainly a trader , rather than a producer , of energy . but a crisis at the company might increase the volatility of energy prices , which have swung wildly in the last year .
philip k . verleger jr . , an energy - markets economist , emphasized that he thought enron would survive this crisis . but he said it was not clear what would happen if enron ran out of cash or if traders that use the company ' s enrononline internet trading marketplace defaulted on their obligations .
' ' you suddenly have all these positions they have taken on there - - are they good ? are the firm ' s hedges good ? what ' s the situation ? ' ' mr . verleger said . ' ' it ' s got everyone scared . ' '
in the short run , enron ' s credit rating may be its biggest problem . if the company ' s rating falls below investment grade , enron could be forced to issue tens of millions of shares of stock to cover loans that it has guaranteed . but creating new shares would make the shares that already exist less valuable , because those shares would no longer represent full ownership of the company .
a drop in the company ' s credit rating could also prompt other energy traders and producers to back away from doing business with enron , hurting the company ' s sales and profits .
enron ' s credit rating stands several notches above the critical point . but its bonds , which are publicly traded , have fallen so low that they are now offering interest rates of almost 10 percent , comparable with many junk bonds . two of the three major credit - rating agencies , moody ' s investors service and fitch investors service , have put enron ' s bonds on review for possible downgrades .
' ' the issue that ' s in the front of everybody ' s mind right now is credit , ' ' said mark gurley , senior vice president and general manager for trading at aquila inc . , one of the nation ' s largest energy traders . aquila is based in kansas city , mo .
for now , aquila and other major energy traders and producers , including reliant energy , the el paso corporation and dynegy , are continuing to do business with enron . and mr . gurley said that enron ' s own trading in the electricity and natural gas markets did not suggest the sort of frenzied selling reminiscent of the collapse of long - term capital management in 1998 .
' ' they haven ' t done anything trading - wise that gives me any indication they are closing their books down , ' ' he said .
still , some executives at other companies said they were looking more carefully at transactions with enron , especially long - term contracts . they also said risk - management and credit officers were calling each other regularly to discuss the situation .
mark palmer , an enron spokesman , said on friday that no energy - trading company had stopped doing business with enron . he declined to say whether any of the company ' s trading partners had suspended or altered credit terms . he said the company was continuing to see normal volumes of business .
but the crisis that enron will face if its credit rating is downgraded is just a symptom of the bigger problem the company must confront . for years , the details of enron ' s finances have been a mystery even to the wall street analysts whose job it is to follow the company , and to the investors who own its stock and bonds . when enron ' s profits were soaring and it was creating lucrative new markets , shareholders did not seem to care about the impenetrability of its financial statements .
now they do . yet the company seems incapable of offering straight answers to the questions investors ask .
to others in the industry , the opaqueness of the company ' s financial statements parallels enron ' s efforts to keep its energy - trading business lightly regulated and free of disclosure requirements . though they do not expect enron to crumble like long - term capital management , they say that , like the giant hedge fund , enron uses a lot of debt , regulatory oversight is limited and outsiders have a difficult time figuring out its finances .
the most pressing concerns are a series of partnerships and trusts enron created to move some of its assets and debt off its balance sheet . with names like marlin and osprey , the partnerships have at least $ 3 . 3 billion in bonds outstanding , backed by assets like a stake in azurix , enron ' s water company subsidiary . enron has promised that if the partnerships ' debts exceed the value of their assets , enron will issue enough new shares to make up the difference .
deals with partnerships formed by mr . fastow , who was chief financial officer when they were organized , led to the $ 1 . 2 billion write - off in shareholders ' equity that enron announced last week . the company has offered only skimpy details of its transactions with those partnerships .
enron ended its relationships with those partnerships in the last quarter , after being criticized by shareholders . in the process , it wrote off a promissory note that it had carried on its books , reducing its shareholders ' equity by $ 1 . 2 billion . but , because of complex accounting rules , the transaction was not apparent in enron ' s quarterly earnings report .
the transaction disturbs investors because it suggests that enron may have found a way to hide losses , throwing the accuracy of its financial statements into question . when enron released third - quarter earnings on oct . 16 , it reported a loss from $ 1 billion in write - offs on failed investments . the earnings statement did not mention the additional $ 1 . 2 billion equity write - down . but the company said its core business had been solidly profitable , and its shares rose .
in a conference call with analysts after the announcement , mr . lay , enron ' s chairman , also disclosed the reduction in shareholder equity . the reference was a brief one , however , and some listeners did not catch it . those analysts were angered when they found out the next day what enron had done , and many were confused by the accounting procedure . enron ' s stock began to slide , and investors clamored for more information about the write - off . but so far , the company ' s efforts to clear up the situation have further unnerved investors .
mr . lay has met with investors during the last two weeks to try to explain the deals , but some on wall street say they have come away with doubts about mr . lay ' s grasp of the situation . they say that the two people at enron who appear to have been most knowledgeable about the deals - - mr . skilling and mr . fastow - - have both left the company .
in an interview in late august , mr . lay said he did not know some details about the deals involving mr . fastow . in response to one question about them , he said , ' ' you ' re getting way over my head . ' '
mr . palmer of enron disputed any suggestion that mr . lay did not have a grasp of the investments at issue , saying mr . lay was handicapped in talking about them because of the s . e . c . investigation . ' ' there is not a whole lot we can say , or should say , about them , ' ' mr . palmer said . he also said the company expected to generate about $ 3 billion in cash through asset sales by the end of next year .
in a conference call on tuesday , analysts pressed mr . lay and other top enron executives to reveal more information about the ljm write - down and its other partnerships . instead , they offered only vague explanations of the deal , leaving wall street worried that more write - offs might be coming .
david fleischer , a goldman , sachs analyst and a longtime supporter of the company , was among those who came away concerned . ' ' if enron is unable to clarify its off - balance - sheet transactions and restore confidence in the very near term by assuring investors that no more surprises are forthcoming that would affect the balance sheet or liquidity position , then the company will likely lose access to the capital markets , ' ' he wrote in a research note after the call .
to try to reassure investors , enron said late thursday that enrononline , its internet - based trading exchange , executed more than 8 , 400 trades that day , a higher - than - normal volume .
' ' we know we have our work cut out for us if we are to rebuild our credibility with the investment community - - and we ' re working on that , ' ' mr . lay said in a statement . ' ' but in the meantime , the best evidence of our strength is the willingness of customers to bring their business to enron . ' '
but those reassurances apparently are no longer enough for wall street . enron ' s stock tumbled almost 6 percent friday , to its lowest levels in six years .
now analysts are scrambling to figure out the extent of enron ' s off - balance - sheet debt and to assess the risk that the company will have to issue new shares to make good on its partnership guarantees .
carol coale , an analyst at prudential securities in houston , calculates that enron may have close to $ 9 billion in off - balance - sheet debt . she said that enron had for two years been trying to sell about $ 6 billion in foreign assets - - including properties in latin america and a power plant in india embroiled in a dispute with the state government - - and she worries about those prospects for sale in light of enron ' s problems and the souring economy .
' ' as enron is forced to sell assets to keep the ratings agencies off their backs , they may have to write those assets down , ' ' ms . coale said . on wednesday , she downgraded her rating on enron to ' ' sell ' ' from ' ' neutral . ' '
' ' the bottom line is , it ' s really difficult to recommend an investment when management does not disclose the facts , ' ' ms . coale said .
short - sellers , who attacked enron ' s accounting even before the company disclosed the write - off , say the company ' s problems may run even deeper than analysts fear . enron may have used the partnerships not just to finance money - losing investments but to hide losses in its core trading business , they say .
' ' the company still isn ' t disclosing enough to know whether the core business , the trading business , is profitable , ' ' said mark roberts , director of research at off wall street , which recommended shorting enron ' s stock on may 7 , when it stood at $ 59 . 43 . ' ' the issue remains : why are they doing these transactions ? our theory has been that the core operations aren ' t that profitable . ' '
james chanos , a leading short - seller who has bet that enron ' s stock will fall , said , ' ' is enron booking gains when it has real profits , but hiding the losses when deals go against it ? ' ' mr . palmer of enron said the company stood by its reported energy - trading profits .
even traders at other energy companies say they do not have a clear picture of enron ' s positions . enron maintains that it is in no danger of being wiped out by a sharp move in electricity or gas prices because it keeps its trading book balanced - - meaning the energy it has agreed to sell is offset , in roughly equivalent amounts , by energy it has agreed to buy .
' ' with these guys , they tell us - - and all you ' ve got is their word - - that they ' re hedged , ' ' said mr . verleger , the economist .
in fact , enron has lobbied forcefully over the years to limit regulation and disclosure of its trading operations . last year , the company successfully lobbied congress to effectively ensure that its internet - trading platform would be exempted from regulation by the commodity futures trading commission .
enron and other power traders do file limited information in reports to the federal energy regulatory commission , the agency that oversees wholesale electricity and natural gas markets . but the commission does not keep track of specific transactions and prices .
large - scale energy trading has existed for only about a half - dozen years . enron pioneered the business , and now dominates it , accounting for about one - quarter of all trading in the united states .
before congress and federal regulators opened up the market for wholesale electricity , a process that began in earnest a decade ago , the power business was a simpler affair . utilities were given areas of monopoly service , and their rates - - and ability to deliver enough electricity - - were overseen by state regulators . but with the move to deregulate the business , independent and unregulated generators and traders have flourished , providing an ever - growing portion of the nation ' s power .
beginning in the 1980 ' s , the sale and transportation of natural gas was also deregulated , spurring enron , which used to be primarily a gas - pipeline company , to move into the trading business .
the company ' s shift to trading gas and electricity accelerated in the mid - 1990 ' s , with the ascension of mr . skilling , who became chief executive in february , just six months before his unexpected resignation . underscoring the change in direction , in securities filings this year enron described its principal business as ' ' security brokers , dealers and flotation . ' ' before , it had said it was in the business of ' ' wholesale - petroleum and petroleum products . ' '
for most of its ascent , enron reported outstanding profit figures and wall street accepted them with pleasure . a year ago , when it disclosed the first transactions with partnerships led by mr . fastow , the company ' s former chief financial officer , analysts who asked questions were told that the deals were routine and were being disclosed only because of mr . fastow ' s involvement .
enron does not appear to face an immediate cash crunch . but the bank credit lines that it drew on last week to pay off its short - term debt will have to be renegotiated next spring . the controversial partnerships do not have to pay their debts until the following year - - unless enron loses its investment - grade credit rating before that .
enron will also need to maintain its large trading positions , which could suffer if participants in those markets grow more nervous about enron ' s credit . when long - term capital was stumbling in 1998 , some wall street rivals sold the securities they thought long - term owned , trying to force long - term to sell its positions quickly and at a loss . something similar in energy markets might be possible . if so , enron might find , as long - term did , that positions that should offset each other do not .
enron ' s new chief financial officer may yet persuade investors that in fact the company ' s profits are real , and that its condition is better than the short - sellers believe . as questions are answered , confidence , and the share price , could rebound .
but for now , investors are skittish , and some competitors are eager to take advantage of enron ' s plight .
photos : enron , which is building a new headquarters in houston , grew with deregulation . but with deregulation in doubt , enron stock has dropped . ( phillippe diederich for the new york times ) ; enron owns 65 percent of the power plant in dabhol , india , but has had trouble collecting payments . ( the new york times ) ( pg . 13 ) ; ' we know we have our work cut out for us , ' says kenneth l . lay , enron ' s chief . ( wgbh / ' ' frontline ' ' ) ( pg . 1 ) chart : ' ' enron ' s board ' ' directors have not addressed the company ' s current difficulties , a spokesman said . kenneth l . lay : 58 chairman john h . duncan : 73 former chairman of the executive committee , gulf and western industries robert a . belfer : 65 chairman , belco oil & gas charles a . lemaistre : 77 president emeritus , m . d . anderson cancer center , university of texas robert k . jaedicke : 72 professor emeritus , graduate school of business , stanford ronnie c . chan : 51 chairman , hang lung group wendy l . gramm : 56 director , mercatus center , george mason university john mendelsohn : 64 president , m . d . anderson cancer center , university of texas paulo v . ferraz pereira : 46 executive vice president , group bozano john wakeham : 68 former british secretary of state for energy norman p . blake jr . : 59 chief executive , comdisco ken l . harrison : 58 former chief executive , portland general electric ( former enron employee ) jerome j . meyer : 63 chairman , tektronix frank savage : 62 chairman , alliance capital management international john a . urquhart : 72 adviser to the chairman , enron herbert s . winokur jr . : 57 president of winokur holdings ( former enron employee ) ( pg . 13 )
copyright ? 2000 dow jones section 3
plumbing mystery of deals by enron
by floyd norris
10 / 28 / 2001
the new york times
page 13 , column 6
c . 2001 new york times company
at the heart of the sudden collapse in investor confidence in the enron corporation are unusual trades it entered into with partnerships led by its chief financial officer , andrew s . fastow , beginning in the summer of 1999 . because they were transactions among related parties , the company was required to disclose them , but the disclosures raised as many questions as they answered . following are some questions that investors are asking , and the currently available answers .
q . why did enron enter into the deals ?
a . enron ' s first disclosures , in 1999 , gave no reason . in later reports , it said it was seeking to ' ' hedge certain merchant investments and other assets , ' ' by which it apparently meant investments in technology and telecommunications companies .
q . how did those investments do ?
a . it looks as if they plunged in value , although there is no clear disclosure on that .
q . why can ' t that be discerned ?
a . the company never said just what the investments were . and the transactions with the partnerships were complicated , involving a variety of derivative securities , enron stock and various promissory notes . enron ' s financial disclosures do not provide enough information to understand the arrangements completely .
q . why were they so complicated ?
a . one reason may have been to use accounting rules to its advantage . one accounting rule dictates that companies may not record profits or losses on transactions in their own stock . if a company sells its shares at $ 10 each and then buys them back - - whether for $ 1 or $ 50 - - there is no gain or loss . but shareholder equity does go up or down on the balance sheet - - in that case reflecting how much extra cash the company took in , or paid out , on the transactions . enron ' s transactions appear to have been structured to fall under that rule .
q . who made money from these transactions ?
a . enron reported some profits along the way from the deals , although not all of the profits were spelled out in its quarterly filings . and it appears that the partnerships distributed money to investors .
q . if the deals began in 1999 , why all the uproar now ?
a . many investors and analysts were not curious about them when everything seemed to be going well . as long as enron was exceeding its forecasted profits each quarter , they were willing to assume that what was not being disclosed was not really important .
q . when were concerns raised with enron ?
a . the complaints grew as enron ' s share price fell earlier this year . by this summer , enron decided that mr . fastow would sell his stake in the partnerships . then , because the partnerships would no longer be considered related to enron , the company would no longer have to disclose anything about the transactions . but investors were still worried , and enron later closed out its deals with the partnerships .
q . how did enron do ?
a . badly . it took a $ 35 million loss , which , given the size of the transactions involved and the previous profits taken , was not very much . but it also reduced shareholder equity by $ 1 . 2 billion .
q . how did that happen ?
a . that , like so much else , is not clear . but it looks as if the partnership owed enron that much money , could not pay and was let off the hook by enron . in return , enron terminated ' ' previously recorded contractual obligations to deliver enron shares in future periods . ' ' enron treated that like a share buyback , even though the shares in question had not been issued , and determined that there was no need to treat it as a loss that would reduce reported earnings .
q . is that legal under the accounting rules ?
a . presumably it is . but enron ' s limited disclosures make it impossible to say for sure . enron may have discovered ways to use the accounting rules to enable it to keep losses off income statements , while leaving profits on them . that may become clearer when the securities and exchange commission , which has begun preliminary inquiries , completes its work . floyd norris
copyright ? 2000 dow jones section 3
databank
investors seem to ignore discouraging news
by michael brick
10 / 28 / 2001
the new york times
page 17 , column 3
c . 2001 new york times company
investors sent stocks markedly higher last week , despite reports on the economy and corporate profits that were resoundingly poor .
the dow jones industrial average , strengthened by triple - digit rallies on monday and thursday , ended the week nearly back to its level of sept . 10 , one day before the attacks on the world trade center and the pentagon . broader indicators ended slightly higher than they were on sept . 10 .
investors overcame their initial discouragement about reports that orders for durable goods and sales of existing homes were deteriorating faster than expected . they also seemed unfazed by reports of corporate profits declining from a year ago , at some companies by more than 30 percent .
all the bad news , investors seemed to surmise , meant that the government was more likely to act aggressively in stimulating the economy , with tax breaks , spending and lower interest rates .
the dow average gained 341 . 06 , or 3 . 7 percent , to close at 9 , 545 . 17 . the nasdaq composite index rose 97 . 65 points , or 5 . 8 percent , to 1 , 768 . 96 . the standard & poor ' s 500 - stock index rose 31 . 13 , or 2 . 9 percent , to 1 , 104 . 61 .
michael brick
charts : ' ' stocks in the news ' ' enron nyse : ene the energy trading company ousted its chief financial officer , andrew s . fastow , whose involvement in complicated transactions with enron caught the attention of the s . e . c . friday ' s close : $ 15 . 40 week ' s change : - 40 . 88 % est . ' 01 p / e : 8 . 52 sbc communications nyse : sbc the company posted a 30 percent decline in earnings and said it would cut thousands of jobs because of the weak economy and strong competition . friday ' s close : $ 39 . 20 week ' s change : - 10 . 17 % est . ' 01 p / e : 16 . 82 walt disney nyse : dis after trimming $ 100 million from the price , disney completed its purchase of the fox family worldwide cable television operation . the deal included $ 2 . 9 billion in cash and $ 2 . 3 billion in assumed debt . friday ' s close : $ 18 . 71 week ' s change : + 1 . 19 % est . ' 01 p / e : 25 . 28 microsoft nnm : msft microsoft introduced its computer operating system , windows xp , the latest version of its flagship product . friday ' s close : $ 62 . 20 week ' s change : + 7 . 43 % est . ' 01 p / e : 33 . 88 vysis nnm : vysi the drug maker abbott laboratories has agreed to acquire vysis , a laboratory products maker , in a stock deal worth about $ 355 million . friday ' s close : $ 30 . 25 week ' s change : + 47 . 13 % est . ' 01 p / e : - - worldcom nnm : wcom the long - distance telephone company posted a 44 percent drop in its third - quarter profit and warned that sales growth in its core data and internet business would slow in the final quarter and in 2002 . friday ' s close : $ 13 . 38 week ' s change : + 1 . 59 % est . ' 01 p / e : 12 . 15 affymetrix nnm : affx affymetrix settled a patent lawsuit over dna analysis technologies with a rival , hyseq , and the companies plan to form a joint venture . friday ' s close : $ 31 . 70 week ' s change : + 72 . 66 % est . ' 01 p / e : - - overture services nnm : over the internet search service , formerly called goto . com , reported a profit in the third quarter and higher sales , as its pay - per - listing service remained popular with advertisers . friday ' s close : $ 25 . 50 week ' s change : + 32 . 88 % est . ' 01 p / e : - - ( source : bloomberg financial markets )
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron asks banks for more credit after stock slide , ft reports
2001 - 10 - 28 20 : 20 ( new york )
houston , oct . 28 ( bloomberg ) - - enron corp . , the largest
energy trader , asked banks to provide further credit after tapping
a $ 3 . 3 billion credit line last week to bolster investor
confidence , the financial times reported , citing company sources .
enron ' s stock has fallen more than 50 percent since oct . 17
when an investor sued the company for conflict of interest over
transactions with affiliates run by enron ' s former chief financial
officer andrew fastow .
the company has been shut out of the leading market for low -
interest , short - term loans since announcing oct . 16 it would take
a $ 1 . 01 billion special charge and write down shareholders ' equity
by another $ 1 . 2 billion , the ft said .
enron spokesman mark palmer said he hoped the company would
announce the new financing facility in coming days , the newspaper
said .
enron asks banks for additional credit - ft
10 / 28 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - ( dow jones ) - enron corp . ( ene ) is attempting to persuade banks to provide additional credit , the financial times reported on its web site sunday .
the company was also due to hold a special board meeting sunday to consider confidence - building measures after surprise financial disclosures damaged its reputation among u . s . investors , the financial times reported .
the financial times quoted enron spokesman mark palmer as saying he hoped the company could have something to announce in coming days as a result of its latest effort to " establish additional lines of liquidity . "
" once we are able to the liquidity position shored up , that will put a lot of fears of the unknown to rest , " the financial times quoted palmer as saying .
copyright ? 2000 dow jones financial desk
week in review top stories oct . 22 - 26 lockheed edges out boeing for contract
abigail goldman ; joseph menn ; jesus sanchez ; jeff leeds ; chuck philips ; meg james ; nancy rivera brooks ; evelyn iritani ; james f . peltz ; myron levin ; peter pae
10 / 28 / 2001
los angeles times
home edition
c - 2
copyright 2001 / the times mirror company
the vote is in . lockheed martin corp . won the coveted right to build the nation ' s next - generation fighter aircraft , beating out boeing co . for what could be the biggest military contract ever .
culminating a five - year battle between two of the world ' s largest defense contractors , pentagon officials picked lockheed martin to begin development of the joint strike fighter , with plans to purchase 3 , 000 of the planes at a cost of more than $ 200 billion .
with the potential for foreign sales topping another $ 200 billion , the contract is considered the most lucrative in u . s . history . " this really is the contract of the millennium , " said christopher hellman , analyst with the center for defense information . " nothing has or will come close . "
peter pae
ford settles lawsuit over faulty part
in the largest automotive class - action settlement in history , ford motor co . will reimburse customers who paid hundreds of millions of dollars to replace a faulty part that caused their vehicles to stall .
it was uncertain how many consumers would qualify for reimbursements in the range of $ 160 apiece .
the settlement caps six years of litigation . plaintiffs ' lawyers said the cost to ford would be as high as $ 2 . 7 billion .
myron levin
amr posts record loss in quarter
even though more americans are flying again , the airline industry continues to reel and its problems are expected to worsen this holiday season .
amr corp . , the parent of american airlines , the world ' s largest airline , posted a record loss for the third quarter , even after getting $ 508 million in federal financial aid .
although the number of passengers has kept growing each week since the sept . 11 attacks , about 20 % fewer people are flying .
less than a month before the busy thanksgiving weekend , american airlines says advance bookings for november are down 6 % from a year earlier .
meanwhile , the airlines are now reporting a little - noticed aspect of the government rescue package : they have to pay federal taxes on the cash grants .
james f . peltz
itc says imports hurt steel industry
the international trade commission ruled that foreign imports pose a serious threat to the domestic steel industry , paving the way for punitive sanctions that are likely to raise steel prices and intensify trade tensions with europe and asia .
the independent u . s . agency has until mid - december to provide the white house with a list of proposed remedies , which could include import quotas or hefty tariffs on foreign steel .
beleaguered u . s . steelmakers applauded the decision .
president bush , who instigated the itc investigation , is expected to approve the protective measures , though critics warn they could harm a weakened domestic economy and complicate efforts to launch a new round of global trade talks .
evelyn iritani
shares of enron plummet amid losses
enron corp . ' s stock was pummeled by investors following disclosures of losses and shrinking shareholders ' equity related to failed investments and a complicated hierarchy of limited partnerships used to shelter some enron assets .
the stock slide was compounded by disclosure of a securities and exchange commission inquiry into two of the partnership arrangements and by wall street worries about future cash flow and credit problems that might be caused by the investment vehicles .
two conference calls with analysts and investors failed to calm nerves , and several analysts lowered their recommendations on enron .
enron has reiterated that its finances are strong . and although analysts note that enron ' s core businesses remain sound , some analysts doubt that the usually taciturn company has revealed all of its problems .
to mollify investors , enron replaced its chief financial officer , who until recently headed the two partnerships the sec is eyeing .
nancy rivera brooks
pentagon oks northrop bid for newport news
northrop grumman corp . was all but assured of winning the bid to acquire newport news shipbuilding inc . as the pentagon endorsed the deal and the justice department , citing antitrust concerns , blocked a rival bid by general dynamics corp .
it marked a stunning turn of events for northrop , which got the nod to acquire the virginia builder of nuclear submarines and aircraft carriers despite having been the underdog .
the los angeles - based defense contractor made an unsolicited offer for newport news after the shipbuilder had inked a $ 2 . 1 - billion deal with general dynamics .
separately , northrop said third - quarter earnings fell 22 % because of a large drop in pension fund investments .
peter pae
hollywood production jobs fall to 4 - year low
skittishness following the sept . 11 terrorist attacks has exacerbated an already slow season in hollywood , pushing employment in the movie , television and film industry to a four - year low in september , state statistics show .
cutbacks and delayed projects by the major studios has trickled down through the industry , leading to a spate of layoffs at small companies that provide equipment and services for the industry .
meg james
grammy officials urge greene settlement
high - ranking officials at the grammy organization recommended a settlement of more than half a million dollars to resolve sexual assault and battery allegations against the nonprofit group ' s chief executive , c . michael greene , grammy sources said .
the proposed settlement , subject to approval by the group ' s board of directors , has ignited an internal revolt , with at least a dozen of the 41 trustees privately calling for greene ' s firing , the sources said .
greene declined to comment . attorneys for the grammy nonprofit group previously denied that greene assaulted or had any sexual contact with jill geimer , the grammy executive who has threatened to sue over greene ' s alleged misconduct .
chuck philips
emi ousts record label executive nancy berry
british music conglomerate emi group sacked nancy berry , the vice chairwoman of its worldwide virgin records division .
berry ' s exit came a week after the london - based record company ousted its global record chief , ken berry , who is nancy berry ' s former husband .
the shake - up follows a dispiriting period for emi , including a disastrous sales debut from pop icon mariah carey , who suffered a nervous breakdown months after signing an $ 80 - million contract with the company this year . nancy berry spearheaded the elaborate marketing campaign for carey ' s album , " glitter , " which has sold fewer than 400 , 000 copies since its sept . 11 debut .
jeff leeds
management buyout of g & l realty approved
stockholders of g & l realty corp . approved a management - led buyout of the real estate investment trust despite a higher offer by a rival group and concerns that the deal unfairly favors top executives .
the company ' s co - chairmen , daniel gottlieb and steven lebowitz , plan to take the small beverly hills - based company private after a majority of shareholders backed their $ 12 - a - share offer .
the management - led offer triggered a shareholder lawsuit this year that claimed g & l ' s board breached its fiduciary duty
jesus sanchez
internet archive turns back web pages of time
the nonprofit internet archive launched its so - called wayback machine , allowing web surfers to check out most internet sites that have vanished and older versions of sites that are still around .
the san francisco effort is the brainchild of brewster kahle , a millionaire technologist who wants to preserve the internet ' s ephemera for generations to come .
like many internet pioneers , however , kahle faces unfamiliar risks along with the opportunities : the archive might be the most massive violation of copyright law since ownership rights over words came into being .
more than 10 billion pages are available at http : / / web . archive . org .
joseph menn
job cuts , make - over in store for sears
sears , roebuck ; photographer : associated press ; photo : sears is cutting nearly 5 , 000 jobs and launching a new strategy . ; ; photographer : associated press ; photo : the reeling airline industry is expecting its problems to worsen . ; ; photographer : agence france - presse ; graphic : dimming power , los angeles times ;
copyright ? 2000 dow jones & company , inc . all rights reserved .
business
ralph bivins
devon energy makes building its own with major lease
ralph bivin
staff
10 / 28 / 2001
houston chronicle
2 star
10
( copyright 2001 )
houston is known as the " energy capital of the world . " and a glance around the downtown skyline proves the nickname is appropriate . houston skyscrapers bearing the names of enron , chevron , exxon and shell make significant contributions to the view .
now another name is being added to the downtown mix , enhancing the energy capital image even further . the 36 - story two allen center has been renamed devon energy tower .
devon energy has just signed a lease for 193 , 000 square feet of space , more than doubling its presence in the building , and as part of the deal , devon gets to put its name on the structure .
the lease also gives oklahoma city - based devon the right to take more space in the 1 million - square - foot building , at 1212 smith st .
devon recently announced its plans to acquire mitchell energy & development , but it will maintain mitchell ' s offices in the woodlands , said klay kimker , manager of office administration for devon .
kevin snodgrass and tim relyea of cushman & wakefield represented devon in the transaction . paul frazier and margaret sigur negotiated the deal on behalf of trizechahn office properties , the owner of the building .
trizechahn owns both the allen center and cullen center office complexes , a total of 6 million square feet of space in downtown . the trizechahn office space is nearly full right now , but enron will be vacating large amounts of space there next year when the nearby enron building is complete .
teamsters to build facilities
teamsters union officials are planning to build new headquarters facilities after the union sells its building on the katy freeway .
to replace the katy freeway building , the union expects to build two smaller structures near bush intercontinental airport to house different chapters , said a . w . parker , secretary treasurer of local 968 .
parker ' s group is expecting to build a 13 , 000 - square - foot building at ella boulevard at beltway 8 .
another teamsters group has purchased 4 . 5 acres on beltway 8 at diplomatic plaza drive , in the world houston business center . the land was purchased from the licha family trust . tony patronella and marc drumwright , both of southwest realty advisors , handled the sale .
chicago firm buying property
a chicago real estate investment firm is on a quest to acquire suburban office buildings in houston .
ml capital ventures has purchased two small office structures : the 71 , 736 - square - foot building at 5500 northwest central drive and the 66 , 338 - square - foot building at 5301 hollister . the building on northwest central drive is the headquarters of bj services energy company .
mike luecht , president of ml capital , said his firm will acquire two additional houston office buildings before the end of the year .
ml capital , which has been in business for eight months , will exceed luecht ' s initial plan to buy more than $ 22 million worth of suburban office space in houston in the company ' s start - up phase .
luecht said his firm was bullish on two types of real estate : buying warehouses in chicago and buying office buildings in suburban houston . houston ' s economy has been adding jobs and it is a promising market that is overlooked by many investors , luecht said . many investors have been too slow to forget the devastating meltdown of houston realty market in the 1980 s , luecht said .
in its most recent deal , ml ventures bought the 5500 northwest central building in partnership with avgeris & associates of chicago . tom bousquet of cb richard ellis brokered the deal .
woodlands opens new section
several $ 1 million home sites go up for sale this weekend as the woodlands opens a new section of its carlton woods gated community .
the premium lots will be facing the new jack nicklaus signature golf course .
custom lots will range in price from $ 150 , 000 to $ 1 million and range in size from one - fifth of an acre to two - and - three - fourths acres .
the carlton woods community is the first gated community in the woodlands and has been well received by upper - end home buyers , said paul lazzaro , vice president of marketing for the woodlands .
thirty - two homes are under construction in carlton woods and all of them are priced at more than $ 1 million .
a total of 208 lots have been sold in carlton woods , which opened about a year ago .
copyright ? 2000 dow jones & company , inc . all rights reserved .
india press : enron plans to exit lng shipping jv
10 / 28 / 2001
dow jones international news
( copyright ( c ) 2001 , dow jones dow jones newswires ; 91 - 11 - 461 - 9426 ; himendra . kumar @ dowjones . com
copyright ? 2000 dow jones section c
enron taps all its credit lines to buy back $ 3 . 3 billion of debt
by floyd norris
10 / 27 / 2001
the new york times
page 2 , column 5
c . 2001 new york times company
the enron corporation , trying to reassure investors that it has ample liquidity , began to repurchase all its outstanding commercial paper yesterday , using $ 3 . 3 billion it borrowed from banks by depleting its lines of credit .
an enron spokesman said that when the commercial paper repurchases are completed the company will retain more than $ 1 billion in cash .
the moves did not appear to reassure investors , as enron ' s share price fell to another six - year low . shares traded as low as $ 15 . 04 yesterday , before ending the day at $ 15 . 40 , down 95 cents .
the move will raise the interest expense for the company , because banks normally charge more than companies have to pay in the commercial paper market , and because its outstanding debt will rise by the additional $ 1 billion .
enron ' s debt is rated investment grade . but its bonds now trade below investment grade levels , although not so low that it appears investors fear an early default . but with the bonds trading so low , it is unlikely enron will be able to sell more commercial paper .
enron ' s stock has been plunging since oct . 17 , shortly after it disclosed that its third - quarter balance sheet , which has yet to be released , will show a $ 1 . 2 billion reduction in shareholder equity as a result of complicated transactions involving partnerships formerly controlled by andrew fastow , who was the company ' s chief financial officer until he was replaced on wednesday .
the stock has lost more than half its value since the earnings announcement , and the company has disclosed that the securities and exchange commission has asked questions about its accounting practices .
copyright ? 2000 dow jones & company , inc . all rights reserved .
companies & finance international - enron ' s bond prices drop to warning levels .
by robert clow , sheila mcnulty and jenny wiggins .
10 / 27 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
enron , the houston - based energy trading group , continued to pay a heavy price for its lack of financial transparency yesterday as its bond prices plummeted .
investor confidence in enron has declined sharply since the company announced a $ 1 . 2 bn reduction of shareholder equity stemming from a complex off - balance sheet structure . the securities and exchange commission has also launched an informal investigation into the company ' s finances .
enron ' s five - year bonds were trading yesterday at 77 cents in the dollar with a yield of 11 . 13 per cent , down from 83 cents on thursday . bond prices at these levels normally suggest that investors expect a company to file for bankruptcy .
late on thursday , enron announced that it would draw on its bank lines to buy back its outstanding commercial paper after two ratings agencies put the company on negative watch .
commercial paper financing , which normally has to be rolled every 90 days , is one of the first forms of financing to disappear in a crisis .
" what they want to do is assure their clients and other trading partners that they are creditworthy and continue with business , " said robin west , chairman of the petroleum finance company , the industry consultants . " in a situation like this , cash is king . "
enron ' s biggest immediate business risk is that its major trading counterparties , such as duke energy and reliant resources , start asking it for more collateral , increasing the cost of its everyday business .
if enron were downgraded to junk , the counterparties could do just that .
so far , credit rating analysts say , enron ' s core business is holding up well . but their actions over the past few days acknowledge that the company could still be severely damaged by the scandal .
enron has long faced criticism of its opaque financial reporting , but its most recent problems stem from the ljm private equity fund run by andy fastow , the company ' s former chief financial officer .
enron compensated its partners in this complex off - balance sheet structure by promising to give them enron shares , if the value of private equity investments in the new power company , technology and other things fell below a certain level .
those investments fell $ 1 . 2 bn in value from the threshold level , which should have triggered the issue of 62 m shares if the deal had not been reversed .
the complex deal was designed to make sure enron did not experience the same balance sheet volatility that jp morgan chase and others have suffered from marking their private equity investments to market .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones & company , inc . all rights reserved .
shorts - enron bond prices under pressure .
10 / 27 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
enron , the houston - based energy trading giant , continued to pay the price for financial opacity as its stock slumped to its lowest level since 1995 and its five - year bonds traded at 77 cents in the dollar with a yield of 11 . 13 per cent , down from 83 cents on thursday . bond prices at these levels normally suggest that investors expect a company to file for bankruptcy . page 10 .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones stock slides
10 / 27 / 2001
associated press newswires
copyright 2001 . the associated press . all rights reserved .
houston ( ap ) - after enron corp . tapped into more than $ 3 billion in credit in an effort to boost confidence of investors and customers , stock prices dropped .
enron corp . ' s stock price hit its lowest point in more than five years friday . shares fell 95 cents on friday to $ 15 . 40 , a level not seen since 1995 , as analysts continued to muddle through a complicated series of bookkeeping issues revealed after the company ' s earnings announcement earlier this month .
the stock is down more than 50 percent in two weeks , and the company lost almost $ 14 billion in market value .
late this week the company decided to convert $ 3 billion in revolving credit it has through various banks into cash . the company put about $ 1 . 1 billion in the bank in an effort to reassure business partners and investors of its liquidity and is using the $ 2 . 2 billion balance to begin an orderly repurchase of a certain kind of short - term corporate iou known as commercial paper .
" nothing spells confidence quite like cash , which is what we want investors to understand , " said enron spokesman mark palmer of the $ 1 . 1 billion banked this week .
palmer could neither confirm nor deny that the company is negotiating further lines of credit with banks but described such actions as " good management decisions . "
on oct . 16 enron ' s third - quarter earnings release drew renewed attention to an issue investors and analysts had previously been unhappy about : then - chief financial officer andrew fastow , with the enron board ' s approval , had formed and run two investment partnerships that could have created a conflict of interest .
the partnerships , ljm cayman and ljm 2 co - investment , did complex financing and hedging deals with enron .
fastow had resigned from his roles in the partnerships months ago when wall street began to question whether he could watch out for the interests of enron ' s shareholders and the investment partnership simultaneously . but last week when the company reported a $ 35 million loss related to ending its ljm ties as well as a $ 1 . 2 billion reduction in shareholder equity , new questions began to arise .
the securities and exchange commission ' s division of enforcement launched an informal inquiry into the partnerships , and earlier this week fastow was put on a leave of absence .
reducing the company ' s debt exposure through commercial paper and putting it back into more traditional financial tools , like a revolving line of credit , could give great peace of mind to enron ' s investors , said anatol feygin , an analyst with j . p . morgan .
" it helps them shore up their support behind their energy trading business , which is really the core of their operations , " feygin told the houston chronicle for saturday ' s editions .
carol coale , an analyst with prudential securities , still sees the move as somewhat confusing .
" just last week they were touting their unused lines of credit as a plus , but the fact that they tapped those now sends a strange , mixed message , " she said . " do they need the cash to keep the rating agencies off their back ? is it a gesture for customers ? it first struck me as another one of these strangely timed actions on the part of management . "
copyright ? 2000 dow jones financial desk
enron decline continues
bloomberg news
10 / 27 / 2001
los angeles times
home edition
c - 2
copyright 2001 / the times mirror company
houston - - enron corp . bonds and shares fell after the largest energy trader tapped a $ 3 - billion credit line because it has been shut out of the leading market for low - interest , short - term loans .
the company ' s stock has fallen 54 % in the last 14 days after investors questioned its transactions with affiliates run by enron ' s former chief financial officer . the shares fell 95 cents , or 5 . 8 % , to $ 15 . 40 on the new york stock exchange .
investors said chief executive kenneth lay has failed to reassure them that the company ' s credit rating won ' t be cut . enron can no longer borrow in commercial paper markets , where short - term loans carry lower rates than banks offer .
" do they have the financial flexibility they once had ? no , " said john cassady , who helps manage $ 3 billion in bonds at fifth third bancorp . " people are questioning the credibility of management . "
the company will use its credit line to pay off $ 2 . 2 billion in commercial paper it has outstanding , enron spokesman mark palmer said .
the price of enron ' s 6 . 75 % bonds , which mature in 2009 , declined 11 / 2 points to a bid of 84 cents on the dollar and an offer of 86 cents . at that price , the bonds , which carry a rating of bbb + , yield 9 . 53 % .
investors have grown concerned that the firm ' s credit rating will be cut after $ 1 . 01 billion in third - quarter losses from failed investments . enron needs good credit to raise cash daily to keep trading partners from demanding collateral and to settle transactions .
enron ' s decision to tap its credit line was " a smart financial move , " said stephen moore of moody ' s investors service . " it took away the hassle and time - consuming nature of rolling commercial paper and insured access to capital . "
copyright ? 2000 dow jones stock slides / company says cash will boost confidence
tom fowler
staff
10 / 27 / 2001
houston chronicle
3 star
1
( copyright 2001 )
enron corp . ' s stock price hit its lowest point in more than five years friday after it tapped into more than $ 3 billion in revolving credit in an effort to re - assure investors and customers .
shares fell 95 cents on friday to $ 15 . 40 , a level not seen since 1995 , as analysts continued to muddle through a complicated series of bookkeeping issues revealed after the company ' s earnings announcement earlier this month . the stock is down more than 50 percent in two weeks , and the company lost almost $ 14 billion in market value .
late this week the company decided to convert $ 3 billion in revolving credit it has through various banks into cash . the company put about $ 1 . 1 billion in the bank in an effort to reassure business partners and investors of its liquidity and is using the $ 2 . 2 billion balance to begin an orderly repurchase of a certain kind of short - term corporate iou known as commercial paper .
" nothing spells confidence quite like cash , which is what we want investors to understand , " said enron spokesman mark palmer of the $ 1 . 1 billion banked this week .
palmer could neither confirm nor deny that the company is negotiating further lines of credit with banks but described such actions as " good management decisions . "
enron ' s most recent woes began oct . 16 when its third - quarter earnings release drew renewed attention to an issue investors and analysts had previously been unhappy about : then - chief financial officer andrew fastow , with the enron board ' s approval , had formed and run two investment partnerships that could have created a conflict of interest .
the partnerships , ljm cayman and ljm 2 co - investment , did complex financing and hedging deals with enron and were formed originally as a way to offset risks associated with some of the company ' s newer businesses such as broadband trading .
fastow had resigned from his roles in the partnerships months ago when wall street began to question whether he could watch out for the interests of enron ' s shareholders and the investment partnership simultaneously . but last week when the company reported a $ 35 million loss related to ending its ljm ties as well as a $ 1 . 2 billion reduction in shareholder equity , new questions began to arise .
the securities and exchange commission ' s division of enforcement launched an informal inquiry into the partnerships , and earlier this week fastow was put on a leave of absence .
now enron will begin repurchasing its commercial paper . this is a way for companies to raise money over a short period at rates that are usually slightly better than what banks offer , and often with more flexible terms .
" to some extent , redeeming the commercial paper is at the expense of the capital markets , which look at it negatively , " said anatol feygin , an analyst with j . p . morgan .
but reducing the company ' s debt exposure through commercial paper and putting it back into more traditional financial tools , like a revolving line of credit , could give great peace of mind to enron ' s investors , he said .
" it helps them shore up their support behind their energy trading business , which is really the core of their operations , " feygin said .
carol coale , an analyst with prudential securities , still sees the move as somewhat confusing .
" just last week they were touting their unused lines of credit as a plus , but the fact that they tapped those now sends a strange , mixed message , " she said . " do they need the cash to keep the rating agencies off their back ? is it a gesture for customers ? it first struck me as another one of these strangely timed actions on the part of management . "
jeff dietert , an analyst at simmons & co . , said enron management needs to continue to make clear the issues that have investors confused and concerned .
in a worst - case scenario , investor fears could create a vicious cycle that continues to drive the stock down , which would force bond rating agencies to consider downgrades of enron . that could lead to lower credit ratings , which would force enron ' s energy trading partners to limit their exposure to the company and cut back on business with it .
" thus , we see a big incentive for enron to clarify the issues , " dietert wrote in a report friday . " our gut feel is that enron can pull it off . "
feygin said he also believes the company will continue to do better in revealing its financial dealings but thinks there may be more surprises in store .
for example , a wall street journal article friday discussed for the first time another business entity with ties to enron known as chewco . it was formed in 1997 with about $ 400 million in financial backing to buy interests in unnamed enron assets .
chewco was run by michael kopper , a managing director of enron ' s global equity markets group .
copyright ? 2000 dow jones & company , inc . all rights reserved .
business
enron says microsoft breached contract
staff
10 / 27 / 2001
houston chronicle
3 star
2
( copyright 2001 )
enron corp . filed suit against microsoft corp . in state district court in houston this week , claiming the software giant breached a contract over a new high - speed internet service .
the companies entered into an agreement last june in which enron would provide internet bandwidth to microsoft as it rolled out its msn broadband service . enron ' s broadband network would link msn customers in over two dozen states , including texas .
qwest communications is providing the internet infrastructure in 14 other states for msn .
on oct . 23 , microsoft said that enron would have breached the contract if it didn ' t provide an operational bandwidth system by oct . 25 , according to bloomberg news . in the lawsuit , enron claims microsoft failed to deliver the ordering and billing system it needed to deliver its end of the project ' s first phase .
the lawsuit appears to be blocking the launch of the msn service in all but the 14 states served by qwest .
enron officials declined to comment . a microsoft spokesman said the company had not reviewed the filing but was " confident that we have upheld our agreement with enron . "
copyright ? 2000 dow jones section a
journal
how to lose a war
by frank rich
10 / 27 / 2001
the new york times
page 19 , column 2
c . 2001 new york times company
welcome back to sept . 10 .
the ' ' america strikes back ' ' optimism that surged after sept . 11 has now been stricken by the multitude of ways we ' re losing the war at home . the f . b . i . has proved more effective in waging turf battles against rudy giuliani than waging war on terrorism . of the more than 900 suspects arrested , exactly zero have been criminally charged in the world trade center attack ( though one has died of natural causes , we ' re told , in a new jersey jail cell ) . the bush team didn ' t fully recognize that a second attack on america had begun until more than a week after the first casualty . the most highly trumpeted breakthrough in the hunt for anthrax terrorists - - tom ridge ' s announcement that ' ' the site where the letters were mailed ' ' had been found in new jersey - - proved a dead end . and now the president is posing with elementary - school children again .
given that this is the administration that was touted as being run with c . e . o . clockwork , perhaps it should be added to the growing list of things that have changed forever since sept . 11 . but let ' s not be so hasty . not everything changes that fast - - least of all washington . the white house ' s home - front failures are not sudden , unpredictable products of wartime confusion but direct products of an ethos that has been in place since jan . 20 .
this is an administration that will let its special interests - - particularly its high - rolling campaign contributors and its noisiest theocrats of the right - - have veto power over public safety , public health and economic prudence in war , it turns out , no less than in peacetime . when anthrax struck , the administration ' s first impulse was not to secure as much cipro as speedily as possible to protect americans , but to protect the right of pharmaceutical companies to profiteer . the white house ' s faith in tax cuts as a panacea for all national ills has led to such absurdities as this week ' s house ' ' stimulus ' ' package showering $ 254 million on enron , the reeling houston energy company ( now under s . e . c . investigation ) that has served as a bush campaign cash machine .
airport security , which has been enhanced by at best cosmetic tweaks since sept . 11 , is also held hostage by campaign cash : as salon has reported , servicemaster , a supplier of the low - wage employees who ineptly man the gates , is another g . o . p . donor . not that republicans stand alone in putting fat cats first . in a display of bipartisanship , democrats - - lobbied by linda hall daschle , the senate majority leader ' s wife - - joined the administration in handing the airlines a $ 15 billion bailout that enforces no reduction in the salaries of the industry ' s c . e . o . ' s even as they lay off tens of thousands of their employees .
to see how the religious right has exerted its own distortions on homeland security , you also have to consider an administration pattern that goes back to its creation - - and one that explains the recent trials of poor tom ridge .
mr . ridge is by all accounts a capable leader - - a successful governor of a large state ( pennsylvania ) who won the bronze star for heroism in vietnam . a close friend of george w . bush , he should have been in the administration from the get - go , and was widely rumored to be a candidate for various jobs , including the vice presidency . but after being pilloried by the right because he supports abortion rights , he got zilch . instead of mr . ridge , the administration signed on the pro - life john ashcroft and tommy thompson - - who have brought us where we are today .
the farcical failures of these two cabinet secretaries are not merely those of public relations - - though mr . thompson often comes across as a chamber of commerce glad - hander who doesn ' t know his pants are on fire , and mr . ashcroft often shakes as if he ' s not just seen great caesar ' s ghost but perhaps john mitchell ' s as well . both have a history of letting politics override public policy that dates to the start of the administration . they ' ve seen no reason to reverse their partisan priorities even at a time when the patriotic duty of effectively fighting terror should be their no . 1 concern .
pre - sept . 11 , mr . thompson , in defiance of science , heartily lent his credibility to the bush administration ' s stem cell ' ' compromise ' ' by going along with its overstatement of the viability and diversity of the stem cell lines it would deliver to researchers . post - sept . 11 , he destroyed his credibility by understating the severity of the anthrax threat , also in defiance of science . now he maintains that the $ 1 . 5 billion the administration is requesting to plug the many holes in our public health system - - almost all of it earmarked for stockpiling pharmaceuticals , not shoring up local hospitals - - is adequate for fighting bioterrorism . this , too , is in defiance of all expert estimates , including that of the one physician in the senate , the republican bill frist .
it should also be on mr . thompson ' s conscience that for the first two weeks of the anthrax crisis he kept the federal government ' s house physician - - david satcher , the surgeon general and a much - needed honest broker of public health - - locked away , presumably because dr . satcher , a clinton appointee , became persona non grata in the bush administration for issuing a june report on teenage sexuality that angered the religious right . only after mr . ridge arrived on the scene was the surgeon general liberated from the gulag .
as for mr . ashcroft , he has gone so far as to turn away firsthand information about domestic terrorism for political reasons . planned parenthood , which has been on the front lines of anthrax scares for years and has by grim necessity marshaled the medical and security expertise to combat them , has sought a meeting with the attorney general since he took office but has never been granted one . this was true not only before sept . 11 but , says ann glazier , planned parenthood ' s director of security , remains true - - even though her organization , long targeted by such home - grown talibans as the army of god , has a decade ' s worth of leads on ' ' the convergence of international and domestic terrorism . ' '
ms . glazier found the sight of mr . ashcroft and other federal keystone kops offering a $ 1 million reward for anthrax terrorists a laughable indication of how little grasp they have of the enemy . ' ' religious extremists don ' t respond to money , ' ' she points out . such is the state of the f . b . i . , she adds , that one agent told a clinic to hold onto a suspect letter for a couple of days ' ' because we have so many here we ' re afraid we ' re going to lose it ' ' ( perhaps among the timothy mcveigh documents ) .
if either the attorney general or the secretary of health and human services inspired anything like the confidence that , say , mayor giuliani does , there wouldn ' t have been a need to draft mr . ridge . even so , he ' s mainly a p . r . gimmick - - a man who should have been in the administration in the first place reduced to serving as a fig leaf for lightweights . as director of homeland security , he ' s allegedly charged with supervising nearly 50 government agencies - - so far with roughly a dozen staff members . when asked to define mr . ridge ' s responsibilities , ari fleischer said on wednesday that it was ' ' a very busy coordination job , ' ' but so far mr . ridge is mainly sowing still more confusion .
the one specific duty that he has claimed - - in an interview with tom brokaw - - was that he ' d be the one ' ' making the phone call ' ' to the president to shoot down any commercial airliner turned into a flying bomb by hijackers . that presumably comes as news to donald rumsfeld , who made no provision for any homeland security czar in the air force chain of command he publicly codified days after mr . ridge ' s appointment .
since the administration tightly metes out the news from afghanistan , we can only hope that the war there is being executed more effectively than the war here - - even as mr . rumsfeld and his generals now tell us that the taliban , once expected to implode in days , are proving viet - cong - like in their intractability . the wall street journal also reported this week that ' ' instead of a thankful afghan population , popular support for the taliban appears to be solidifying and anger with the u . s . growing . ' '
maybe we ' re losing that battle for afghan hearts and minds in part because the bush state department appointee in charge of the propaganda effort is a c . e . o . ( from madison avenue ) chosen not for her expertise in policy or politics but for her salesmanship on behalf of domestic products like head & shoulders shampoo . if we can ' t effectively fight anthrax , i guess it ' s reassuring to know we can always win the war on dandruff .
drawing
copyright ? 2000 dow jones & company , inc . all rights reserved .
city - enron directors cash in shares .
by simon english .
10 / 27 / 2001
the daily telegraph
p 31
( c ) telegraph group limited , london , 2001
leading executives at enron , the troubled us energy giant , cashed in shares worth more than $ 100 m ( # 70 m ) this year in the run - up to a financial crunch that has left the company ' s credibility in ruins .
research by thomson financial shows that kenneth lay , chief executive , sold about 400 , 000 shares this year , netting him more than $ 25 m . he still held 2 . 8 m shares until july .
other executives made similar sales , a revelation likely to anger investors who have seen the shares fall from $ 83 at the start of the year to $ 45 by july . they halved again this week and fell to below $ 16 yesterday . enron declined to comment on the share sales .
mr lay said in a statement that he is seeking to " dispel uncertainty in the financial community " by drawing on lines of credit to restore faith in enron ' s financial strength . enron will pay off debts of $ 2 . 2 billion and keep another $ 800 , 000 in cash . he said : " we know we have our work cut out for us if we are to rebuild our credibility with the investment community . "
the company is facing an inquiry by the securities & exchange commission into partnerships managed by andrew fastow , former chief financial officer .
mr fastow was ousted on wednesday night as part of the company ' s moves to restore confidence , though enron insists he has done nothing wrong .
enron lost $ 1 billion in the third quarter on what it has called " failed investments " .
copyright ? 2000 dow jones & company , inc . all rights reserved .
india : lenders to meet over enron ' s dabhol on nov 3 .
10 / 27 / 2001
reuters english news service
( c ) reuters limited 2001 .
bombay , oct 27 ( reuters ) - lenders to power plant in india majority owned by enron corp have called a meeting next week in london to discuss ways of reviving the beleaguered project , a banking source said on saturday .
they will examine offers that two indian companies have put forward for buying the u . s . energy giant ' s 65 percent stake , and those of two other u . s . firms , in dabhol power company ( dpc ) , which is building the controversial project , the source told reuters .
the meeting of lenders , who include multinational banks such as citibank and bank of america , will be held on november 3 , the source added .
at stake is not just the fate of the $ 2 . 9 billion , 2 , 184 mw project , which is india ' s largest foreign direct investment , but also the over $ 600 million investment of enron , general electric co and bechtel .
all three companies are founders of dpc , which in 1995 got permission from india ' s maharashtra state government to set up the plant on its coast .
the plant ' s first phase of 740 mw was completed in 1999 , but work on the second phase of 1 , 444 mw , which is 97 percent complete , was abruptly stopped in june this year following a blazing row with cash - strapped state utility mseb .
mseb , which agreed in 1995 to take the plant ' s entire output , said it can no longer do so because dabhol ' s power is too costly .
dabhol , in turn , accused mseb of defaulting on its monthly payments and served a preliminary notice to terminate the power purchase contract .
under this notice , both companies are given six months time to settle the matter through negotiations . if talks fail , dabhol has the right to issue a final termination notice and take the matter to arbitration in london . that six month period expires on november 19 .
houston - based enron , which owns 65 percent of dabhol , further announced that it intends to exit the project and offered to sell its equity to the indian government .
time running out
the business standard newspaper reported that next week ' s meeting would also discuss a request by dabhol to finally terminate the contract after november 19 .
" it is one of the items on the agenda , " the paper quoted a senior banker as saying .
the paper said once dabhol serves the final notice , the matter proceeds to arbitration , which would not help india .
" the widespread view among the government and lenders is that in such a situation dpc will win hands down , " the paper added .
a dabhol spokesman could not be contacted immediately .
the source said the meeting would review the progress made in resolving the dispute so far .
the indian government has not responded to enron ' s offer to buy its equity , but two indian companies , bses ltd and tata power ltd , have shown interest .
they have agreed to take over the project if the cost is reduced , and if the founders agree to sell their stake at a discount .
local business daily , the economic times reported on friday that tata power and bses are willing to pay the founders $ 450 - $ 600 million for the 85 percent stake held by enron , ge and bechtel .
enron has rejected the offer and is not ready to settle for anything less than $ 1 billion , the paper added .
officials of tata power and bses were not immediately available for comment .
( $ 1 = 48 . 00 indian rupees ) .
copyright ? 2000 dow jones move could block high - speed service
the associated press , bloomberg news
10 / 27 / 2001
the seattle times
fourth
e 4
( copyright 2001 )
houston - - enron has sued microsoft , alleging it breached a contract for broadband services , in a move that could temporarily block the largest software company ' s msn high - speed internet service in some u . s . regions .
microsoft said the dispute temporarily blocks the company from providing the high - speed service in areas where enron provides broadband access , leaving msn fully operational only in the 14 states - - including washington - - where qwest communications international operates , said bob visse , director of marketing for msn .
enron ' s lawsuit was filed thursday , the same day microsoft had planned to offer fast internet access in 45 cities to give it access to potential customers in 29 million homes . microsoft , the no . 2 u . s . internet provider , is making a push to win customers from aol time warner .
" we are trying to resolve the issues with enron , as quickly as possible and at the same time we are evaluating other providers , " visse said .
enron spokeswoman karen denne declined to comment on the lawsuit , citing company policy on pending litigation . enron , based in houston , is the largest energy trader .
enron in june signed an agreement with microsoft to provide bandwidth for msn internet service . under the agreement , enron isn ' t required to deliver operational broadband services if microsoft hasn ' t first provided a billing and ordering system , dow jones news wire reported .
enron claims in its lawsuit that microsoft failed to deliver the ordering and billing system required in the initial phase of the deal , dow reported .
alternative browser - users denied microsoft entry
new york - - microsoft ' s premier web portal , msn . com , denied entry to millions of people who use alternative browser software such as opera and told them to get microsoft ' s products instead .
the decision led to complaints from the small but loyal opera community that microsoft was abusing its status as the internet ' s browser leader . microsoft later backed off and said yesterday that it would support the other browsers after all .
browser products affected by the shutout , which was triggered by a face - lift of the msn . com web site , included opera , mozilla and amaya , said kevin reichard , editorial manager for internet . com ' s browserwatch site .
mike pettit , president of procomp , an anti - microsoft group , urged state and federal investigators to look into the matter as part of its lawsuit accusing microsoft of anti - competitive practices .
- - the associated press
microsoftsf to shut down ; sony will run retail store
san francisco - - sony will take over a retail store it manages with microsoft next month , when the biggest software maker ' s xbox goes up against sony ' s playstation 2 in a contest for control of the $ 20 billion video - game market , a sony spokeswoman said .
the two companies agreed to shut down microsoftsf , a retail outlet in sony ' s san francisco metreon entertainment complex . it will be replaced with a digital solutions electronics store run by sony on thursday , metreon spokeswoman kirsten maynard said .
in april 1998 , the companies said they would open the store that displays and sells microsoft products alongside sony electronics that run the software . in march 2000 , microsoft announced the xbox , a game console with an advanced - graphics chip that goes on sale nov . 15 .
" a lot has changed with both companies , " maynard said . " it sort of became not - a - fit anymore . "
sony metreon won ' t carry the xbox or game cube , a new video console from nintendo that goes on sale nov . 19 , she said . officials at microsoft couldn ' t be reached for comment on the shutdown .
- - bloomberg news
copyright [ copyright ] seattle times company , all rights reserved . you must get permission before you reproduce any part of this material .
copyright ? 2000 dow jones & company , inc . all rights reserved . | 2001-10-29T00:00:00 |
23,292 | ut resumes rick , sally , brent , and hunter :
each of you should have already received our stack of resumes for review . i
am attaching an excel spreadsheet which includes the names of all the
attendees from our general presentation . it is relatively sloppy , but the
information is there . you will be able to search by name to epedite the
process . i have included a column whih indicates an " * " asterisk to let you
know that particular candidate was targeted by our team members at the event ,
or that the candidate has sent a follow - up e - mail to me expressing interest .
i hope this helps . i know the turn - around time is far too quick , but please
have the decisions back to donna by noon tomorrow .
let me know if i can help in any other way .
thank you ! ! ! !
lexi
3 - 4585 | 0 | ham | ut resumes | rick , sally , brent , and hunter :
each of you should have already received our stack of resumes for review . i
am attaching an excel spreadsheet which includes the names of all the
attendees from our general presentation . it is relatively sloppy , but the
information is there . you will be able to search by name to epedite the
process . i have included a column whih indicates an " * " asterisk to let you
know that particular candidate was targeted by our team members at the event ,
or that the candidate has sent a follow - up e - mail to me expressing interest .
i hope this helps . i know the turn - around time is far too quick , but please
have the decisions back to donna by noon tomorrow .
let me know if i can help in any other way .
thank you ! ! ! !
lexi
3 - 4585 | 2000-09-20T00:00:00 |
18,221 | r fruehauf salvageable gangplank postman hi ,
genierc and sepur viarga ( caiils ) available oinlne !
most trusted online source !
cilais or ( spuer vagira )
takes afecft right away lasts 24 - 36 huors !
for suepr vairga tocuh here
genierc virgaa
costs 60 % less ! save a lot of $ .
for vigara tocuh here
both porducts shpiped dsicertely to your door
not itnreseted
elsevier focussed algeria archipelago sequent shuttle rut nan genotype ct punky inn dusty gown cunningham catechism forte edinburgh proton
basilar phenol doll perfusion freak dukedom gang craftsmen definitive halt philanthropic scoria astrology lutz
cede karp difluoride shivery airframe pinion headwall added cochineal brazil dispense adventitious ear cowry forensic chef cheryl altruist astarte
dream foxhound fasten gadget amino bribe brouhaha fanout pawn dissociate rockaway manure cantonese cryptographer
hemosiderin conductance cultural homosexual pay domino cornelius lounsbury asheville publish bateman captive enthusiastic abelson rowley influential andromeda reimburse fool irremediable amiss halfback sine beplaster affectionate ombudsperson envious mercurial anthem claudia distillery getaway imperate intent brahms proscription absorptive
hostile rob infarct heroes breathtaking mollycoddle pakistan inhibition imperfect assemble izvestia dolly queer excrete escalate desperado gym
dissociable cave fur denotation holbrook derive carburetor bernard cryptanalyst fairchild cartilage archipelago black pont decrease clattery highway cecil claude glenda histochemistry housework decisionmake capillary gary abetted execution estate antenna inflict couturier hesitate penis rangoon screechy familial efferent cinerama domingo later
liturgic modesty forwent angle elliott claire fayette arboretum epitaxial inexact reflector
comparative oklahoma hewlett edelweiss convect coauthor dull emmett malcolm condemnate brockle
facile amino britain apostolic carolingian odin espionage lithography radiochemistry monetarism no gather | 1 | spam | r fruehauf salvageable gangplank postman | hi ,
genierc and sepur viarga ( caiils ) available oinlne !
most trusted online source !
cilais or ( spuer vagira )
takes afecft right away lasts 24 - 36 huors !
for suepr vairga tocuh here
genierc virgaa
costs 60 % less ! save a lot of $ .
for vigara tocuh here
both porducts shpiped dsicertely to your door
not itnreseted
elsevier focussed algeria archipelago sequent shuttle rut nan genotype ct punky inn dusty gown cunningham catechism forte edinburgh proton
basilar phenol doll perfusion freak dukedom gang craftsmen definitive halt philanthropic scoria astrology lutz
cede karp difluoride shivery airframe pinion headwall added cochineal brazil dispense adventitious ear cowry forensic chef cheryl altruist astarte
dream foxhound fasten gadget amino bribe brouhaha fanout pawn dissociate rockaway manure cantonese cryptographer
hemosiderin conductance cultural homosexual pay domino cornelius lounsbury asheville publish bateman captive enthusiastic abelson rowley influential andromeda reimburse fool irremediable amiss halfback sine beplaster affectionate ombudsperson envious mercurial anthem claudia distillery getaway imperate intent brahms proscription absorptive
hostile rob infarct heroes breathtaking mollycoddle pakistan inhibition imperfect assemble izvestia dolly queer excrete escalate desperado gym
dissociable cave fur denotation holbrook derive carburetor bernard cryptanalyst fairchild cartilage archipelago black pont decrease clattery highway cecil claude glenda histochemistry housework decisionmake capillary gary abetted execution estate antenna inflict couturier hesitate penis rangoon screechy familial efferent cinerama domingo later
liturgic modesty forwent angle elliott claire fayette arboretum epitaxial inexact reflector
comparative oklahoma hewlett edelweiss convect coauthor dull emmett malcolm condemnate brockle
facile amino britain apostolic carolingian odin espionage lithography radiochemistry monetarism no gather | 2004-01-21T00:00:00 |
887 | mary poorman interview schedule & resume please be advised that the interview for mary poorman , to be held today will
be in room 3671 . the schedule is as follows :
pat clynes 2 : 30
lauri allen 3 : 00
gary hanks 3 : 30
daren farmer 4 : 00 | 0 | ham | mary poorman interview schedule & resume | please be advised that the interview for mary poorman , to be held today will
be in room 3671 . the schedule is as follows :
pat clynes 2 : 30
lauri allen 3 : 00
gary hanks 3 : 30
daren farmer 4 : 00 | 2000-06-05T00:00:00 |
33,438 | this is the lat - est weekly - special that you definitely shouldn ' t miss . you have the best chance to s . ave . check our most recent weekly special and
pocket the extra bucks from our site .
your casefile will be checked by appraised advisers in an expeditious way .
and it is gratis as you place the or . der .
with leading medicines in various categories , cyberzone has fantastic
options .
what you pick is reliable and expeditious carriage works .
you can always select quality ones on analgesics , ,
blues , severephobia , man ' s care , , overwt . and others .
review all the bestofffers on rnedicals at our chemist - site .
http : / / 2 a . mvcl . partandside . com / 31 p /
in an old war song , called " the king of england ' s son , " it says :
in louisa ' s room would be sufficient for her , if mrs harville
hoping for them twelve hours sooner , and seeing them arrive at last , | 1 | spam | this is the lat - est weekly - special that you definitely shouldn ' t miss . | you have the best chance to s . ave . check our most recent weekly special and
pocket the extra bucks from our site .
your casefile will be checked by appraised advisers in an expeditious way .
and it is gratis as you place the or . der .
with leading medicines in various categories , cyberzone has fantastic
options .
what you pick is reliable and expeditious carriage works .
you can always select quality ones on analgesics , ,
blues , severephobia , man ' s care , , overwt . and others .
review all the bestofffers on rnedicals at our chemist - site .
http : / / 2 a . mvcl . partandside . com / 31 p /
in an old war song , called " the king of england ' s son , " it says :
in louisa ' s room would be sufficient for her , if mrs harville
hoping for them twelve hours sooner , and seeing them arrive at last , | 2005-07-07T00:00:00 |
5,513 | re : enron opportunities thanks vince . we will follow up with this lsu graduate .
hope you are doing well .
regards ,
lynn dunphy
vince j kaminski
02 / 15 / 2000 08 : 53 am
to : lynn dunphy / hou / ect @ ect
cc : vince j kaminski / hou / ect @ ect
subject : enron opportunities
lynn ,
i am forwarding you the resume of a very bright and motivated young man
who attended a lecture i gave recently at lsu .
i think we should consider him for an analyst position .
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 02 / 15 / 2000
08 : 52 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" richard c . iles " on 09 / 14 / 2000 11 : 14 : 56 am
please respond to " richard c . iles "
to :
cc :
subject : enron opportunities
dr . kaminski :
?
here is my resume and cover letter .
?
thanks ,
?
richard iles
- enron cover and resume . doc | 0 | ham | re : enron opportunities | thanks vince . we will follow up with this lsu graduate .
hope you are doing well .
regards ,
lynn dunphy
vince j kaminski
02 / 15 / 2000 08 : 53 am
to : lynn dunphy / hou / ect @ ect
cc : vince j kaminski / hou / ect @ ect
subject : enron opportunities
lynn ,
i am forwarding you the resume of a very bright and motivated young man
who attended a lecture i gave recently at lsu .
i think we should consider him for an analyst position .
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 02 / 15 / 2000
08 : 52 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" richard c . iles " on 09 / 14 / 2000 11 : 14 : 56 am
please respond to " richard c . iles "
to :
cc :
subject : enron opportunities
dr . kaminski :
?
here is my resume and cover letter .
?
thanks ,
?
richard iles
- enron cover and resume . doc | 2000-02-15T00:00:00 |
16,601 | re : meeting sounds good .
- - - - - original message - - - - -
from : steiner , david
sent : friday , april 27 , 2001 3 : 10 pm
to : dietrich , dan ; o ' neil , murray ; williams iii , bill
subject : re : meeting
i am good with that , bill may not be available as i think he is out of the office at a class .
do you want us to call you at your desk ?
dave
- - - - - original message - - - - -
from : dietrich , dan
sent : friday , april 27 , 2001 12 : 59 pm
to : o ' neil , murray ; steiner , david ; williams iii , bill
subject : meeting
gentlemen ,
i would like to have a conference call to discuss recent it issues . how does 3 : 45 pm cst ( 1 : 45 pm pst ) sound . . . please advise . .
dan | 0 | ham | re : meeting | sounds good .
- - - - - original message - - - - -
from : steiner , david
sent : friday , april 27 , 2001 3 : 10 pm
to : dietrich , dan ; o ' neil , murray ; williams iii , bill
subject : re : meeting
i am good with that , bill may not be available as i think he is out of the office at a class .
do you want us to call you at your desk ?
dave
- - - - - original message - - - - -
from : dietrich , dan
sent : friday , april 27 , 2001 12 : 59 pm
to : o ' neil , murray ; steiner , david ; williams iii , bill
subject : meeting
gentlemen ,
i would like to have a conference call to discuss recent it issues . how does 3 : 45 pm cst ( 1 : 45 pm pst ) sound . . . please advise . .
dan | 2001-04-27T00:00:00 |
25,829 | perfect logo charset = koi 8 - r " > thinking of breathing new life into your business ?
start from revamping its front - end - logo and visuai identity .
loqodentity offers creative custom design of logos ,
stationery and web - sites . under our careful hand these powerfui marketinq toois
wiii bring a breath of fresh air into your business
and make you stand out among the competitors .
you are just a click
away from your future success . click here to see the samples of our artwork ,
check our prices and hot offers | 1 | spam | perfect logo charset = koi 8 - r " > | thinking of breathing new life into your business ?
start from revamping its front - end - logo and visuai identity .
loqodentity offers creative custom design of logos ,
stationery and web - sites . under our careful hand these powerfui marketinq toois
wiii bring a breath of fresh air into your business
and make you stand out among the competitors .
you are just a click
away from your future success . click here to see the samples of our artwork ,
check our prices and hot offers | 2005-06-28T00:00:00 |
21,899 | cheap pharmacy xj want cheap and new mexican drugs ? http : / / www . tikn . com / | 1 | spam | cheap pharmacy xj | want cheap and new mexican drugs ? http : / / www . tikn . com /
| 2005-05-09T00:00:00 |
21,813 | ms - corel - adobe at throw . away whole . sale prices - gtsak ezxfgh hi ,
find lots of cheap software in our site ,
the popular programs
adobe photoshop cs 8 . 0 for only 40 $ ,
dvdxcopy platinum 4 . 0 . 38 for 20 $ ,
microsoft office system professional 2003 ( 5 cds ) for 50 $ ,
corel draw 12 graphic suite ( 3 cds ) for just 65 $ ,
roxio easy media creator 7 . 0 for 20 $ ,
and much , much more . . . .
take a look on the complete list !
wonder why our priices are unbelievably low ?
we are currently clearing our goods at incredibily cheeap sale - price in connection with the shutdown of our shop and the closure of the stockhouse . don ' t missss your lucky chance to get the best pricce on dis - count software !
regards
kirk eason
no thanks :
- - - - - - - - - - - - - - - - - - - - - - - -
changeover afterthought apportion genii severalfold splayed beginner headstrong footstep surgeon iroquois stultify onlooking partook helpmate chipboard emil hearken bisect backstitch harrisburg alcott buttermilk biology cloudy bronco dorado empower royalty wooster stardom
godwit xerography sexual aesthete litigant dugan bolivia dolores odin infantry roadside hypocritic conquer dodd joust healy
seaman blatz charisma clone cupboard idle coliseum neater artichoke lodestone rub nazism troposphere debugged spooky damage moravia conclude monash daylight mcmahon monolith slump mangle bassi tedium indict canaveral analyst muezzin redstone pump tundra feel monday curium nineteen seizure ammerman veil fiducial longleg quizzical belying italy county obedient warsaw
atonal isinglass
exclamation human high trite elmira
lake shim upsurge as anyplace cooley leopard neuroanotomy predatory sporadic illegitimacy occasion cardamom deity daisy meistersinger racetrack arlene feature
allot actaeon demultiplex editorial alden volunteer howl dale hamlin chorale smoky batik high impost peripheral
potentate you ' d aldrin contour perception authoritative chimney furrier echinoderm betony barnhard nature grate vigil collet octagonal flue penh yates thereafter hypothalamic distributor occultation kane adjourn gorilla frazier bribery barrow wear tackle emissary cake chive christmas burgundian yah dowling
california jinx candace offbeat bolshevism chinatown wei californium helium hying behest blowfish bacteria actual eldest doorstep ginger conspire brent dynamo hijack right atmosphere because cornstarch embrace stationarity duly olivine eat lustful purgation charge sinus aerial necropsy bream immutable erasmus kennan ambiguous elmsford playhouse autograph eliot generosity powerhouse candidacy furthermost polaron
sofia spirit gamin macabre perk postpone dear comport ramada knives reek aqua contradistinguish boost measle rehearsal fox fledge paradigmatic deflate edwardine mouthful hound showman complaint shoelace descant allegheny sargent therapy hefty butadiene | 1 | spam | ms - corel - adobe at throw . away whole . sale prices - gtsak ezxfgh | hi ,
find lots of cheap software in our site ,
the popular programs
adobe photoshop cs 8 . 0 for only 40 $ ,
dvdxcopy platinum 4 . 0 . 38 for 20 $ ,
microsoft office system professional 2003 ( 5 cds ) for 50 $ ,
corel draw 12 graphic suite ( 3 cds ) for just 65 $ ,
roxio easy media creator 7 . 0 for 20 $ ,
and much , much more . . . .
take a look on the complete list !
wonder why our priices are unbelievably low ?
we are currently clearing our goods at incredibily cheeap sale - price in connection with the shutdown of our shop and the closure of the stockhouse . don ' t missss your lucky chance to get the best pricce on dis - count software !
regards
kirk eason
no thanks :
- - - - - - - - - - - - - - - - - - - - - - - -
changeover afterthought apportion genii severalfold splayed beginner headstrong footstep surgeon iroquois stultify onlooking partook helpmate chipboard emil hearken bisect backstitch harrisburg alcott buttermilk biology cloudy bronco dorado empower royalty wooster stardom
godwit xerography sexual aesthete litigant dugan bolivia dolores odin infantry roadside hypocritic conquer dodd joust healy
seaman blatz charisma clone cupboard idle coliseum neater artichoke lodestone rub nazism troposphere debugged spooky damage moravia conclude monash daylight mcmahon monolith slump mangle bassi tedium indict canaveral analyst muezzin redstone pump tundra feel monday curium nineteen seizure ammerman veil fiducial longleg quizzical belying italy county obedient warsaw
atonal isinglass
exclamation human high trite elmira
lake shim upsurge as anyplace cooley leopard neuroanotomy predatory sporadic illegitimacy occasion cardamom deity daisy meistersinger racetrack arlene feature
allot actaeon demultiplex editorial alden volunteer howl dale hamlin chorale smoky batik high impost peripheral
potentate you ' d aldrin contour perception authoritative chimney furrier echinoderm betony barnhard nature grate vigil collet octagonal flue penh yates thereafter hypothalamic distributor occultation kane adjourn gorilla frazier bribery barrow wear tackle emissary cake chive christmas burgundian yah dowling
california jinx candace offbeat bolshevism chinatown wei californium helium hying behest blowfish bacteria actual eldest doorstep ginger conspire brent dynamo hijack right atmosphere because cornstarch embrace stationarity duly olivine eat lustful purgation charge sinus aerial necropsy bream immutable erasmus kennan ambiguous elmsford playhouse autograph eliot generosity powerhouse candidacy furthermost polaron
sofia spirit gamin macabre perk postpone dear comport ramada knives reek aqua contradistinguish boost measle rehearsal fox fledge paradigmatic deflate edwardine mouthful hound showman complaint shoelace descant allegheny sargent therapy hefty butadiene
| 2005-04-27T00:00:00 |
17,111 | elm course offering effective negotiating - september 4 & 5 , 2001
in eb 552 cost : $ 950 . 00
effective negotiating is an intensive two - day seminar that teaches strategies , tactics , techniques , and psychological insights that provide you with the tools to make better win - win agreements . the skills learned can be applied immediately . these skills are taught through a hard - hitting , fast paced presentation that is enjoyable and educational .
for enrollment , login to our website ( http : / / elm . enron . com ) , if you have problems logging in or questions , please call 713 853 - 0357 . | 0 | ham | elm course offering | effective negotiating - september 4 & 5 , 2001
in eb 552 cost : $ 950 . 00
effective negotiating is an intensive two - day seminar that teaches strategies , tactics , techniques , and psychological insights that provide you with the tools to make better win - win agreements . the skills learned can be applied immediately . these skills are taught through a hard - hitting , fast paced presentation that is enjoyable and educational .
for enrollment , login to our website ( http : / / elm . enron . com ) , if you have problems logging in or questions , please call 713 853 - 0357 . | 2001-08-19T00:00:00 |
13,997 | enrononline mentions , 16 . 11 . 01 please click on the link below to view the articles below : - 1 . energy 2 . energy 3 . energy 4 . energy
16 - nov - 2001 the essence of e - commerce energy & power risk management 108392 | 0 | ham | enrononline mentions , 16 . 11 . 01 | please click on the link below to view the articles below : - 1 . energy 2 . energy 3 . energy 4 . energy
16 - nov - 2001 the essence of e - commerce energy & power risk management 108392 | 2001-11-16T00:00:00 |
27,615 | your microcap profile inv ^ estor alert newsletter - june issue 2005
in july ' s issue we are going to profile a st + 0 ck that has just started trading and which would be huge winner in the near future .
just started trading ground floor opportunity !
wsmi - just announced breaking news ! ! ! wisdom international announces st + 0 ck trading and subsidiary growth
quote from news " wisdom international has experienced quarter over quarter growth in its insurance operation ,
international re - insurance , a wholly owned subsidiary of wisdom international has achieved slightly over one hundred
and fifty percent net profit increase in the second quarter of 2005 over the corresponding quarter of 2004 , and just over one hundred percent increase from the first quarter of 2005 . "
st + 0 ck symbol : wsmi ( wisdom international , inc . )
the st + 0 ck is trading at only $ 1 . 1 and we expect it could hit $ 2 . 75 - $ 3 by early august july .
our last profile gbic went from 80 cents to $ 3
huge pr campaign expected this week so grab as much as you can up to $ 2 . 10 range
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
st + 0 ck symbol : wsmi
current price : $ 1 . 10
we expect the price to go to $ 2 . 65 in next 2 - 3 days
we expect the price to go to $ 3 in next 2 weeks .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
big news released : wisdom international announces st + 0 ck trading and subsidiary growth
there are some very positive news expected next week so act before that : )
about the company :
wisdom international corporation is a diversified holding company . wisdom ' s reinsurance activities are conducted through its subsidiary , international reinsurance company , ltd ,
with offices in nevis , west indies , norwich , england and dallas , texas .
wisdom global mining conducts mining operations of organic agricultural , and health related products .
additionally , wisdom international corp . owns a real estate development company , tamarack development
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
st + 0 ck symbol : wsmi
current price : $ 1 . 10
we expect the price to go to $ 2 . 65 in next 2 - 3 days
we expect the price to go to $ 3 in next 2 weeks .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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 historical fact and may be " forward looking 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 materially 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 " " will , " " part of : " anticipates , " or that by statements indicating certain actions " may , " " could , " or " might " occur .
all information provided within this email pertaining to investing , st + 0 cks , securities must be understood as information provided and not investment advice . emerging equity alert advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in st + 0 cks featured within this email .
none of the material within this report shall 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 official statement and in fact may differ from the real meaning of what the news release meant to say .
look the news release by yourself and judge by yourself about the details in it .
in compliance with section 17 ( b ) , we disclose the holding of wsmi shares prior to the publication of this report .
be aware of an inherent conflict of interest resulting from such holdings 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 conflict of interest in our statements and opinions .
readers of this publication are cautioned not to place undue reliance on forward - looking statements , which are based on certain assumptions and expectations involving various risks and uncertainties ,
that could cause results to differ materially from those set forth in the forward - looking statements .
please be advised that nothing within this email shall constitute a solicitation or an invitation to get position in or sell any security mentioned herein .
this newsletter is neither a registered investment advisor nor affiliated with any broker or dealer .
this newsletter was paid $ 27300 from third party ( tripromoconsult report ) to send this report .
all statements made are our express opinion only and should be treated as such . we may own , take position and sell any securities mentioned at any time .
this report includes forward - looking statements within the meaning of the private securities litigation reform act of 1995 . these statements may include terms as " expect " , " believe " , " may " , " will " , " move " , " undervalued " , " speculative target price " and " intend " or similar terms . | 1 | spam | your microcap profile | inv ^ estor alert newsletter - june issue 2005
in july ' s issue we are going to profile a st + 0 ck that has just started trading and which would be huge winner in the near future .
just started trading ground floor opportunity !
wsmi - just announced breaking news ! ! ! wisdom international announces st + 0 ck trading and subsidiary growth
quote from news " wisdom international has experienced quarter over quarter growth in its insurance operation ,
international re - insurance , a wholly owned subsidiary of wisdom international has achieved slightly over one hundred
and fifty percent net profit increase in the second quarter of 2005 over the corresponding quarter of 2004 , and just over one hundred percent increase from the first quarter of 2005 . "
st + 0 ck symbol : wsmi ( wisdom international , inc . )
the st + 0 ck is trading at only $ 1 . 1 and we expect it could hit $ 2 . 75 - $ 3 by early august july .
our last profile gbic went from 80 cents to $ 3
huge pr campaign expected this week so grab as much as you can up to $ 2 . 10 range
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
st + 0 ck symbol : wsmi
current price : $ 1 . 10
we expect the price to go to $ 2 . 65 in next 2 - 3 days
we expect the price to go to $ 3 in next 2 weeks .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
big news released : wisdom international announces st + 0 ck trading and subsidiary growth
there are some very positive news expected next week so act before that : )
about the company :
wisdom international corporation is a diversified holding company . wisdom ' s reinsurance activities are conducted through its subsidiary , international reinsurance company , ltd ,
with offices in nevis , west indies , norwich , england and dallas , texas .
wisdom global mining conducts mining operations of organic agricultural , and health related products .
additionally , wisdom international corp . owns a real estate development company , tamarack development
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
st + 0 ck symbol : wsmi
current price : $ 1 . 10
we expect the price to go to $ 2 . 65 in next 2 - 3 days
we expect the price to go to $ 3 in next 2 weeks .
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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 historical fact and may be " forward looking 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 materially 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 " " will , " " part of : " anticipates , " or that by statements indicating certain actions " may , " " could , " or " might " occur .
all information provided within this email pertaining to investing , st + 0 cks , securities must be understood as information provided and not investment advice . emerging equity alert advises all readers and subscribers to seek advice from a registered professional securities representative before deciding to trade in st + 0 cks featured within this email .
none of the material within this report shall 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 official statement and in fact may differ from the real meaning of what the news release meant to say .
look the news release by yourself and judge by yourself about the details in it .
in compliance with section 17 ( b ) , we disclose the holding of wsmi shares prior to the publication of this report .
be aware of an inherent conflict of interest resulting from such holdings 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 conflict of interest in our statements and opinions .
readers of this publication are cautioned not to place undue reliance on forward - looking statements , which are based on certain assumptions and expectations involving various risks and uncertainties ,
that could cause results to differ materially from those set forth in the forward - looking statements .
please be advised that nothing within this email shall constitute a solicitation or an invitation to get position in or sell any security mentioned herein .
this newsletter is neither a registered investment advisor nor affiliated with any broker or dealer .
this newsletter was paid $ 27300 from third party ( tripromoconsult report ) to send this report .
all statements made are our express opinion only and should be treated as such . we may own , take position and sell any securities mentioned at any time .
this report includes forward - looking statements within the meaning of the private securities litigation reform act of 1995 . these statements may include terms as " expect " , " believe " , " may " , " will " , " move " , " undervalued " , " speculative target price " and " intend " or similar terms . | 2005-07-21T00:00:00 |
13,456 | fw : 2002 plan for drift allocation - ena revised costs fyi
- - - - - original message - - - - -
from : glover , sheila
sent : tuesday , october 23 , 2001 8 : 56 am
to : hodges , georganne ; killen , faith
subject : fw : 2002 plan for drift allocation - ena revised costs
enclosed you will please find the 2002 plan which has been revised for expenses .
the indirects have increased based upon known allocations . additionally , the increase is related to the fact that it had been incorrectly capitalizing most of the development support in 2001 until 3 rd quarter when we started reversing the capitalization .
sheila
- - - - - original message - - - - -
from : glover , sheila
sent : friday , september 28 , 2001 5 : 12 pm
to : hodges , georganne ; killen , faith
cc : carrington , clara
subject : 2002 plan for drift allocation - ena
enclosed you will please find the 2002 margin and expense plan related to your estimated cash flows for 2002 .
cash flows were based on the current book and subsequent monthly liquidations over 2002 . to this average monthly balance , we added the average monthly increase in gross book balance which has been provided by your group .
drift numbers have decreased considerably from 2000 due to decreased interest rates . please advise if you would like us to update this schedule for any changes to your new business estimate for 2002 .
please feel free to call me or clara if you have any questions .
sheila x 33210
clara x 39224
georganne and faith ,
scott and mary lynne have been provided the information for ebs as it currently stands .
sg | 0 | ham | fw : 2002 plan for drift allocation - ena revised costs | fyi
- - - - - original message - - - - -
from : glover , sheila
sent : tuesday , october 23 , 2001 8 : 56 am
to : hodges , georganne ; killen , faith
subject : fw : 2002 plan for drift allocation - ena revised costs
enclosed you will please find the 2002 plan which has been revised for expenses .
the indirects have increased based upon known allocations . additionally , the increase is related to the fact that it had been incorrectly capitalizing most of the development support in 2001 until 3 rd quarter when we started reversing the capitalization .
sheila
- - - - - original message - - - - -
from : glover , sheila
sent : friday , september 28 , 2001 5 : 12 pm
to : hodges , georganne ; killen , faith
cc : carrington , clara
subject : 2002 plan for drift allocation - ena
enclosed you will please find the 2002 margin and expense plan related to your estimated cash flows for 2002 .
cash flows were based on the current book and subsequent monthly liquidations over 2002 . to this average monthly balance , we added the average monthly increase in gross book balance which has been provided by your group .
drift numbers have decreased considerably from 2000 due to decreased interest rates . please advise if you would like us to update this schedule for any changes to your new business estimate for 2002 .
please feel free to call me or clara if you have any questions .
sheila x 33210
clara x 39224
georganne and faith ,
scott and mary lynne have been provided the information for ebs as it currently stands .
sg | 2001-10-24T00:00:00 |
31,025 | want a watch ? http : / / bin . nepel . com | 1 | spam | want a watch ? | http : / / bin . nepel . com | 2004-12-30T00:00:00 |
10,521 | money : $ 21362 dear homeowner , you have been pre - approved for a $ 400 , 000 loan at a low fixed rate . this offer is being extended to you unconditionally and your credit is in no way a factor . to take advantage of this limited time opportunity , we ask you to visit our website and completethe post approval form . http : / / www . homefastcash . com / ? a = jeezy
dollie rogersuq logan financial group - - - - - - - - - - - - - - - - - - - - - - 3 : immersion cabrera immortal knot buechnerwww . oprefi . net / book . php . . . not interested | 1 | spam | money : $ 21362 | dear homeowner , you have been pre - approved for a $ 400 , 000 loan at a low fixed rate . this offer is being extended to you unconditionally and your credit is in no way a factor . to take advantage of this limited time opportunity , we ask you to visit our website and completethe post approval form . http : / / www . homefastcash . com / ? a = jeezy
dollie rogersuq logan financial group - - - - - - - - - - - - - - - - - - - - - - 3 : immersion cabrera immortal knot buechnerwww . oprefi . net / book . php . . . not interested | 2005-07-04T00:00:00 |
473 | cilco storage the cilco volumes are different than the confirmed volumes to cilco . please
review the attached the spreadsheets from lisa kinsey , the central desk
scheduler responsible for the cilco account . the biggest variance is in
january 2000 . cilco withdrew 200 , 000 mmbtu ' s more than we booked @ bammel .
please let me know the best way to correct the problem . i suspect the
variance is showing up as a transport imbalance . also , the nomination for
the current month is 7 , 327 mmbtu instead of 7 , 000 mmbtu per day . 7 , 000 is
the volume delivered to cilco after transport fuel .
- - - - - - - - - - - - - - - - - - - - -
lisa kinsey
03 / 21 / 2000 08 : 12 am
to : kenny j soignet / hou / ect @ ect
cc :
subject : cilco storage
kenny ,
attached is the worksheet that i have been using to verify cilco ' s storage
balance with vonda seckler from cilco . let me know if you need anything
else .
lisa kinsey
ext 37628 | 0 | ham | cilco storage | the cilco volumes are different than the confirmed volumes to cilco . please
review the attached the spreadsheets from lisa kinsey , the central desk
scheduler responsible for the cilco account . the biggest variance is in
january 2000 . cilco withdrew 200 , 000 mmbtu ' s more than we booked @ bammel .
please let me know the best way to correct the problem . i suspect the
variance is showing up as a transport imbalance . also , the nomination for
the current month is 7 , 327 mmbtu instead of 7 , 000 mmbtu per day . 7 , 000 is
the volume delivered to cilco after transport fuel .
- - - - - - - - - - - - - - - - - - - - -
lisa kinsey
03 / 21 / 2000 08 : 12 am
to : kenny j soignet / hou / ect @ ect
cc :
subject : cilco storage
kenny ,
attached is the worksheet that i have been using to verify cilco ' s storage
balance with vonda seckler from cilco . let me know if you need anything
else .
lisa kinsey
ext 37628 | 2000-03-21T00:00:00 |
11,052 | re : gas daily options revaluation this is to inform you that we are rolling out changes to the gas daily option pricing model . currently the system is not properly pricing index puts and calls at locations with gas daily index premiums or discounts ( puts and calls are priced at the same level no matter what the index ) . the change will result in raising call values / lowering put values at locations with index premiums and the opposite at locations with index discounts .
in addition , index plus / minus option deals ( for example index - 1 . 00 puts ) - which are currently incorrectly priced flat to the index option ( the index - 1 . 00 put is priced flat to the index put ) - will be accurately priced to reflect the difference in strikes .
if anyone has any questions please call me at 3 - 6731 .
thank you ,
larry may | 0 | ham | re : gas daily options revaluation | this is to inform you that we are rolling out changes to the gas daily option pricing model . currently the system is not properly pricing index puts and calls at locations with gas daily index premiums or discounts ( puts and calls are priced at the same level no matter what the index ) . the change will result in raising call values / lowering put values at locations with index premiums and the opposite at locations with index discounts .
in addition , index plus / minus option deals ( for example index - 1 . 00 puts ) - which are currently incorrectly priced flat to the index option ( the index - 1 . 00 put is priced flat to the index put ) - will be accurately priced to reflect the difference in strikes .
if anyone has any questions please call me at 3 - 6731 .
thank you ,
larry may | 2001-02-15T00:00:00 |
3,150 | westex documents per butch cheatham ' s request , i am sending you the following documents :
( see attached file : exhibit a - westex terms and conditions intrastate . doc ) ( see
attached file : westex gas service agreement ( base ) . doc ) ( see attached file :
westex transportation order . doc )
- exhibit a - westex terms and conditions intrastate . doc
- westex gas service agreement ( base ) . doc
- westex transportation order . doc | 0 | ham | westex documents | per butch cheatham ' s request , i am sending you the following documents :
( see attached file : exhibit a - westex terms and conditions intrastate . doc ) ( see
attached file : westex gas service agreement ( base ) . doc ) ( see attached file :
westex transportation order . doc )
- exhibit a - westex terms and conditions intrastate . doc
- westex gas service agreement ( base ) . doc
- westex transportation order . doc | 2001-04-27T00:00:00 |
12,547 | ews status report on completion of mid - year prc reviews mark / greg ,
attached is a detailed report on the status on completed performance reviews across ews ( excluding eel - who had 95 % of their completed by 7 / 31 ) . in brief , here are the headlines :
enron wholesale services
enron americas 1078 432 40 . 1 %
enron broadband services , inc 822 180 21 . 9 %
enron canada corp 107 38 35 . 5 %
enron engineering & operational services 968 161 16 . 6 %
enron global markets 363 124 34 . 2 %
enron industrial markets 192 72 37 . 5 %
enron net works 1560 680 43 . 6 %
enron wholesale services 13 1 7 . 7 %
wholesale ees 35 29 82 . 9 %
ews - consolidated 5138 1717 33 . 4 %
our target was to have all evaluations completed by august 31 ( we had hoped that all below vp ' s would be done by august 17 ) . at year end we achieved close to 90 % completion of written evaluations . the hr team are working hard to help their clients get these finalised , but i would appreciate all of your help in chasing this process to a successful conclusion .
david | 0 | ham | ews status report on completion of mid - year prc reviews | mark / greg ,
attached is a detailed report on the status on completed performance reviews across ews ( excluding eel - who had 95 % of their completed by 7 / 31 ) . in brief , here are the headlines :
enron wholesale services
enron americas 1078 432 40 . 1 %
enron broadband services , inc 822 180 21 . 9 %
enron canada corp 107 38 35 . 5 %
enron engineering & operational services 968 161 16 . 6 %
enron global markets 363 124 34 . 2 %
enron industrial markets 192 72 37 . 5 %
enron net works 1560 680 43 . 6 %
enron wholesale services 13 1 7 . 7 %
wholesale ees 35 29 82 . 9 %
ews - consolidated 5138 1717 33 . 4 %
our target was to have all evaluations completed by august 31 ( we had hoped that all below vp ' s would be done by august 17 ) . at year end we achieved close to 90 % completion of written evaluations . the hr team are working hard to help their clients get these finalised , but i would appreciate all of your help in chasing this process to a successful conclusion .
david | 2001-08-22T00:00:00 |
5,225 | re : happy new year ! shannon ,
thanks . the same to you .
sorry to have missed your class . i had a very bad case
of flu with some additional complications . i shall be glad to make
a presentation on the same topic on another occasion .
vince
" shannon burchett " on 12 / 28 / 99 12 : 15 : 59 pm
please respond to " shannon burchett "
to : vince j kaminski / hou / ect @ ect
cc :
subject : happy new year !
vince ,
wishing you a very happy and prosperous new millennium !
happy new year ,
shannon
risk limited corporation
box 612666 dallas , texas 75261 usa tel : 972 . 245 . 8300 fax : 972 . 245 . 8318
www . risklimited . com
- attl . htm | 0 | ham | re : happy new year ! | shannon ,
thanks . the same to you .
sorry to have missed your class . i had a very bad case
of flu with some additional complications . i shall be glad to make
a presentation on the same topic on another occasion .
vince
" shannon burchett " on 12 / 28 / 99 12 : 15 : 59 pm
please respond to " shannon burchett "
to : vince j kaminski / hou / ect @ ect
cc :
subject : happy new year !
vince ,
wishing you a very happy and prosperous new millennium !
happy new year ,
shannon
risk limited corporation
box 612666 dallas , texas 75261 usa tel : 972 . 245 . 8300 fax : 972 . 245 . 8318
www . risklimited . com
- attl . htm | 1999-12-30T00:00:00 |
24,634 | work from home . free info we need help . we are a 14 year old fortune 500 company , and we have
grown 1000 % ! we cannot keep up . we are looking for individuals who
want to work at home , and make a good living .
so if you are looking to be employed from home with a career that has
vast opportunities , then go :
http : / / www . lotsonet . com / opportunity
and fill out our info form . no experience required , we will train you .
no committment is required by filling out the form , it is for info
only .
http : / / www . lotsonet . com / opportunity
you want to be independent ? then make it happen !
happen !
simply click on the link below for free , no obligated information !
guaranteed !
http : / / www . lotsonet . com / opportunity
to be removed from our link simple go to : | 1 | spam | work from home . free info | we need help . we are a 14 year old fortune 500 company , and we have
grown 1000 % ! we cannot keep up . we are looking for individuals who
want to work at home , and make a good living .
so if you are looking to be employed from home with a career that has
vast opportunities , then go :
http : / / www . lotsonet . com / opportunity
and fill out our info form . no experience required , we will train you .
no committment is required by filling out the form , it is for info
only .
http : / / www . lotsonet . com / opportunity
you want to be independent ? then make it happen !
happen !
simply click on the link below for free , no obligated information !
guaranteed !
http : / / www . lotsonet . com / opportunity
to be removed from our link simple go to :
| 2002-07-28T00:00:00 |
7,382 | re : associate / analyst super saturday participation - additional request
shelly ,
these are the super saturdays i can help you with :
nov 10
dec 1
dec 8
dec 15
i shall be traveling on two other days . one of these trips is related to
recruiting at cmu .
vince
vince
enron north america corp .
from : shelly jones , recruiting manager @ enron
10 / 24 / 2000 09 : 12 pm
sent by : enron announcements @ enron
to : ena employees
cc :
subject : associate / analyst super saturday participation - additional request
additional interviewer participation is requested for october 28 & november
4 .
also , please note the school / date changes ( in red ) . this change was
necessary due to the number of candidates participating in super saturday .
if you have a change in your participation as a result of the date change ,
please contact john harrison , ext . 3 - 7811 for revisions .
thank you
shelly jones
enron managing directors , vice presidents , directors , and managers who
utilize the associate / analyst pool
as a follow up from a " save the date " email regarding your participation in
the associate and analyst super saturday process , now is the time to select
your dates to attend and participate .
below are the dates for super saturday weekends during the upcoming
recruiting season . if you are houston - based or if you know you will be in
houston on business at the appropriate times please click the link below to
volunteer .
( when selecting dates please avoid selecting to interview candidates who
attend the schools for which you are a team member . )
associates analysts
october 27 - 28 , 2000 november 3 - 4
thunderbird , ut , georgetown , rice rice , ut , baylor , a & m , ou , florida , lsu ,
uhcl
november 10 - 11 , 2000 november , 17 - 18 , 2000
columbia , stern nyu , ucla , darden , cornell penn , uva , vanderbilt , michigan ,
howard , auc ,
vanderbilt , michigan uhmain and clear lake , lsu
december , 1 - 2 , 2000 december 8 - 9 , 20000
chicago , kellogg , harvard , wharton , mit wellesley , overflow and re - schedules
from previous s / s
-
friday , december 15 , 2000
carnegie mellon
yale off - cycle candidates
thank you for your support of the associate and analyst programs .
shelly jones
recruiting manager | 0 | ham | re : associate / analyst super saturday participation - additional | request
shelly ,
these are the super saturdays i can help you with :
nov 10
dec 1
dec 8
dec 15
i shall be traveling on two other days . one of these trips is related to
recruiting at cmu .
vince
vince
enron north america corp .
from : shelly jones , recruiting manager @ enron
10 / 24 / 2000 09 : 12 pm
sent by : enron announcements @ enron
to : ena employees
cc :
subject : associate / analyst super saturday participation - additional request
additional interviewer participation is requested for october 28 & november
4 .
also , please note the school / date changes ( in red ) . this change was
necessary due to the number of candidates participating in super saturday .
if you have a change in your participation as a result of the date change ,
please contact john harrison , ext . 3 - 7811 for revisions .
thank you
shelly jones
enron managing directors , vice presidents , directors , and managers who
utilize the associate / analyst pool
as a follow up from a " save the date " email regarding your participation in
the associate and analyst super saturday process , now is the time to select
your dates to attend and participate .
below are the dates for super saturday weekends during the upcoming
recruiting season . if you are houston - based or if you know you will be in
houston on business at the appropriate times please click the link below to
volunteer .
( when selecting dates please avoid selecting to interview candidates who
attend the schools for which you are a team member . )
associates analysts
october 27 - 28 , 2000 november 3 - 4
thunderbird , ut , georgetown , rice rice , ut , baylor , a & m , ou , florida , lsu ,
uhcl
november 10 - 11 , 2000 november , 17 - 18 , 2000
columbia , stern nyu , ucla , darden , cornell penn , uva , vanderbilt , michigan ,
howard , auc ,
vanderbilt , michigan uhmain and clear lake , lsu
december , 1 - 2 , 2000 december 8 - 9 , 20000
chicago , kellogg , harvard , wharton , mit wellesley , overflow and re - schedules
from previous s / s
-
friday , december 15 , 2000
carnegie mellon
yale off - cycle candidates
thank you for your support of the associate and analyst programs .
shelly jones
recruiting manager | 2000-10-25T00:00:00 |
10,914 | failure notice this is the mail delivery agent at messagelabs . com .
i was not able to deliver your message to the following addresses .
:
144 . 189 . 100 . 102 does not like recipient .
remote host said : 550 5 . 0 . 0 . . . host down
- - - below this line is a copy of the message .
return - path :
x - viruschecked : checked
x - env - sender : projecthoneypot @ projecthoneypot . org
x - msg - ref : server - 3 . tower - 115 . messagelabs . com ! 1121770867 ! 6986571 ! 1
x - starscan - version : 5 . 5 . 4 . 1 ; banners = - , - , -
x - originating - ip : [ 221 . 9 . 132 . 25 ]
x - spaminfo : spam detected heuristically
x - spam : true
x - spamreason : yes , hits = 50 . 0 required = 7 . 0 tests = spam signature :
spam . health . 96584
received : ( qmail 16008 invoked from network ) ; 19 jul 2005 11 : 01 : 18 - 0000
received : from unknown ( helo mailwisconsin . com ) ( 221 . 9 . 132 . 25 )
by server - 3 . tower - 115 . messagelabs . com with smtp ; 19 jul 2005 11 : 01 : 18 - 0000
received : from 205 . 214 . 42 . 66
( squirrelmail authenticated user projecthoneypot @ projecthoneypot . org ) ;
by mailwisconsin . com with http id j 87 gzo 30516347 ;
tue , 19 jul 2005 10 : 57 : 46 + 0000
message - id :
date : tue , 19 jul 2005 10 : 57 : 46 + 0000
subject : just to her . . .
from : " barry castillo "
to : antonio _ silva @ br . css . mot . com
user - agent : squirrelmail / 1 . 4 . 3 a
x - mailer : squirrelmail / 1 . 4 . 3 a
mime - version : 1 . 0
content - type : text / html ; charset = iso - 8859 - 1
content - transfer - encoding : 8 bit
x - priority : 3 ( normal )
importance : normal
soft viagra at $ 1 . 62 per dose
ready to boost your sex life ? positive ?
time to do it right now !
order soft viagra at incredibly low prices
starting at $ 1 . 99 per dose ! unbeiivabie !
this email has been scanned by the messagelabs email security system .
for more information please visit http : / / www . messagelabs . com / email | 1 | spam | failure notice | this is the mail delivery agent at messagelabs . com .
i was not able to deliver your message to the following addresses .
:
144 . 189 . 100 . 102 does not like recipient .
remote host said : 550 5 . 0 . 0 . . . host down
- - - below this line is a copy of the message .
return - path :
x - viruschecked : checked
x - env - sender : projecthoneypot @ projecthoneypot . org
x - msg - ref : server - 3 . tower - 115 . messagelabs . com ! 1121770867 ! 6986571 ! 1
x - starscan - version : 5 . 5 . 4 . 1 ; banners = - , - , -
x - originating - ip : [ 221 . 9 . 132 . 25 ]
x - spaminfo : spam detected heuristically
x - spam : true
x - spamreason : yes , hits = 50 . 0 required = 7 . 0 tests = spam signature :
spam . health . 96584
received : ( qmail 16008 invoked from network ) ; 19 jul 2005 11 : 01 : 18 - 0000
received : from unknown ( helo mailwisconsin . com ) ( 221 . 9 . 132 . 25 )
by server - 3 . tower - 115 . messagelabs . com with smtp ; 19 jul 2005 11 : 01 : 18 - 0000
received : from 205 . 214 . 42 . 66
( squirrelmail authenticated user projecthoneypot @ projecthoneypot . org ) ;
by mailwisconsin . com with http id j 87 gzo 30516347 ;
tue , 19 jul 2005 10 : 57 : 46 + 0000
message - id :
date : tue , 19 jul 2005 10 : 57 : 46 + 0000
subject : just to her . . .
from : " barry castillo "
to : antonio _ silva @ br . css . mot . com
user - agent : squirrelmail / 1 . 4 . 3 a
x - mailer : squirrelmail / 1 . 4 . 3 a
mime - version : 1 . 0
content - type : text / html ; charset = iso - 8859 - 1
content - transfer - encoding : 8 bit
x - priority : 3 ( normal )
importance : normal
soft viagra at $ 1 . 62 per dose
ready to boost your sex life ? positive ?
time to do it right now !
order soft viagra at incredibly low prices
starting at $ 1 . 99 per dose ! unbeiivabie !
this email has been scanned by the messagelabs email security system .
for more information please visit http : / / www . messagelabs . com / email
| 2005-07-19T00:00:00 |
478 | transport contracts d -
the oasis contract # s are : 028 27099 201
028 27099 202
028 27099 203
028 27099 204
pg & e contract # s are : 5095 - 037
5098 - 695
9121
5203 - 010
pg & e parking and lending contracts awaiting approval : pleo 0004
plao 0004 | 0 | ham | transport contracts | d -
the oasis contract # s are : 028 27099 201
028 27099 202
028 27099 203
028 27099 204
pg & e contract # s are : 5095 - 037
5098 - 695
9121
5203 - 010
pg & e parking and lending contracts awaiting approval : pleo 0004
plao 0004 | 2000-03-21T00:00:00 |
30,326 | cheap online drugs here nightclub thirst microcosm blatz telltale trilobite contagious bedimmed
we ship quality medications overnight to your door !
absolutely no doctor ' s appointments needed !
lowest prices on brand name and generic drvgs !
stop getting promotional material here
comprehensive coauthor saute ain ' t curious levulose stannic anthropogenic colorate | 1 | spam | cheap online drugs here | nightclub thirst microcosm blatz telltale trilobite contagious bedimmed
we ship quality medications overnight to your door !
absolutely no doctor ' s appointments needed !
lowest prices on brand name and generic drvgs !
stop getting promotional material here
comprehensive coauthor saute ain ' t curious levulose stannic anthropogenic colorate
| 2004-11-08T00:00:00 |
10,995 | localized software , all languages available . hello , we would like to offer localized software versions ( qerman , french , spanish , uk , and many others ) .
ail listed software is avaiiabie for immediate downioad !
no need to wait 2 - 3 week for cd deiivery !
just few examples :
- norton internet security pro 2005 - $ 29 . 95
- windows xp professional with sp 2 full version - $ 59 . 95
- corel draw graphics suite 12 - $ 49 . 95
- dreamweaver mx 2004 ( homesite 5 . 5 including ) - $ 39 . 95
- macromedia studio mx 2004 - $ 119 . 95
just browse our site and find any software you need in your native language !
best reqards ,
theressa | 1 | spam | localized software , all languages available . | hello , we would like to offer localized software versions ( qerman , french , spanish , uk , and many others ) .
ail listed software is avaiiabie for immediate downioad !
no need to wait 2 - 3 week for cd deiivery !
just few examples :
- norton internet security pro 2005 - $ 29 . 95
- windows xp professional with sp 2 full version - $ 59 . 95
- corel draw graphics suite 12 - $ 49 . 95
- dreamweaver mx 2004 ( homesite 5 . 5 including ) - $ 39 . 95
- macromedia studio mx 2004 - $ 119 . 95
just browse our site and find any software you need in your native language !
best reqards ,
theressa
| 2005-07-21T00:00:00 |
10,566 | oreo cookies nationwide survey - win a years supply of oreos . oreo ' s survey - complimentary $ 50
gift card or a one year supply of oreo cookies .
upwhyvkg | 1 | spam | oreo cookies nationwide survey - win a years supply of oreos . | oreo ' s survey - complimentary $ 50
gift card or a one year supply of oreo cookies .
upwhyvkg | 2005-07-05T00:00:00 |
28,293 | maybe tw should build into northern nevada . . . check this article out
shippers condemn northwest ' s must - flow ofos
several northern nevada industrial gas users have accused northwest pipeline
of violating its tariff by holding them hostage to the daily must - flow
operational flow orders ( ofos ) that it has issued since early december in an
effort to compensate for the sizable capacity shortfall on its system .
in a section 5 complaint filed friday , the industrial gas customers called on
ferc to direct northwest to " cease and desist " the alleged violation of the
tariff , which they claim is forcing them and other customers at the northern
end of the pipeline to subsidize the gas acquisition and transportation costs
of customers on the southern end of northwest ' s system .
the effect of the must - flow ofos is to compel shippers to make up the
capacity shortfall on northwest ' s system via displacement , the industrials
noted . northwest ' s firm contractual demand is 720 , 000 dth / d , but its physical
capacity is only 474 , 000 dth / d . pan - alberta gas ( u . s . ) inc . provides 144 , 000
dth / d through a displacement arrangement , while shippers are left to make up
the remaining 102 , 000 dth / d .
the industrial users contend they shouldn ' t be penalized for not complying
with the must - flow ofos because northwest ' s tariff exempts shippers that have
made " good faith efforts " to obtain gas supply , but have been unsuccessful .
at issue is whether the " good faith efforts " applies to purchasing gas at
reasonable costs , which is how the industrials interpret the tariff , or
whether it means that shippers should be required to buy gas " at any price "
to meet a must - flow ofo . the latter , according to the industrial users , is
northwest ' s position .
the " regulatory history " of northwest ' s tariff " makes clear that ' good faith
efforts ' to obtain a gas supply at the stanfield [ or ] receipt point need not
extend to purchasing ' gas at any price , ' but rather must be viewed in the
context of current conditions and circumstances , i . e . available prices and
supplies , " the industrial customers said . " where a shipper can secure gas
needed to meet a must - flow order only at the basin price differentials that
currently prevail , and assuming that the shipper can document such efforts
and impacts for northwest verification , the shipper ' s request for exemption
from penalties must be granted . " northwest twice has refused such a request
by the industrial customers , they noted .
in anticipation of the high gas prices this month , the nevada industrial
users said they chose to switch to alternative fuels " where feasible " or to
curtail operations rather than use their released capacity on northwest .
nevertheless , the pipeline ' s daily must - flow ofos " have forced them into the
volatile daily gas market to avoid extremely high non - compliance penalties ,
undermining their business decisions to rely on alternative fuels , " they told
ferc [ rpol - 189 ] .
in order to comply with northwest ' s orders , the industrials said they " must
ship the gas to a point where they cannot use it , [ and ] can only sell it at
the rocky mountain basin prices , which is a fraction of the price at which ,
under current conditions , they purchased it . "
the industrial users said they have had to comply with northwest ' s must - flow
ofos , given the hefty penalties they would face otherwise . the penalties are
equal to the greater of $ 10 / dth or four times the highest spot rate at sumas ,
stanfield , kingsgate , opal or ignacio for the month of non - compliance . based
on the spot rate at stanfield , the penalty this month was $ 58 . 15 / dth .
if one of the nevada industrial users , newmont mining corp . , had defied
northwest ' s order to flow 25 % of its contract demand , or 1 , 000 / dth , on any
december day , it would have been penalized $ 58 , 160 for that one day , they
said . if all of the nevada industrial customers had violated the pipeline ' s
order , the one - day penalty would have been $ 149 , 471 .
the industrial shippers want ferc to go beyond interpreting the " good faith
efforts " exemption in their favor . they contend that northwest ' tariff
allowing must - flow ofos " as currently structured " is both " unreasonable and
unduly discriminatory . " that ' s because it requires one group of shippers , who
see no additional benefits , to incur gas acquisition and transportation costs
solely to subsidize service to another group of shippers , they argued . they
believe the shippers who benefit should pay for the displacement capacity
costs .
currently , the must - flow ofos " result in southbound flows [ on northwest ] that
create northbound capacity for the benefit of shippers with south - to - north
entitlements . those same south - to - north shippers could , however , themselves
purchase spot gas in the canadian supply areas and ship such volumes
southward on an interruptible basis on northwest , i . e . do what [ the
industrial ] shippers and others have been directed to do . they could pay the
costs of the capacity that they want . "
as an alternative , northwest could require a sharing of displacement capacity
costs by all shippers using its system at a given time when capacity is
short , or it could invest in facilities so that it has the physical capacity
to meet all of its contractual commitments , the industrial users said . | 0 | ham | maybe tw should build into northern nevada . . . check this article | out
shippers condemn northwest ' s must - flow ofos
several northern nevada industrial gas users have accused northwest pipeline
of violating its tariff by holding them hostage to the daily must - flow
operational flow orders ( ofos ) that it has issued since early december in an
effort to compensate for the sizable capacity shortfall on its system .
in a section 5 complaint filed friday , the industrial gas customers called on
ferc to direct northwest to " cease and desist " the alleged violation of the
tariff , which they claim is forcing them and other customers at the northern
end of the pipeline to subsidize the gas acquisition and transportation costs
of customers on the southern end of northwest ' s system .
the effect of the must - flow ofos is to compel shippers to make up the
capacity shortfall on northwest ' s system via displacement , the industrials
noted . northwest ' s firm contractual demand is 720 , 000 dth / d , but its physical
capacity is only 474 , 000 dth / d . pan - alberta gas ( u . s . ) inc . provides 144 , 000
dth / d through a displacement arrangement , while shippers are left to make up
the remaining 102 , 000 dth / d .
the industrial users contend they shouldn ' t be penalized for not complying
with the must - flow ofos because northwest ' s tariff exempts shippers that have
made " good faith efforts " to obtain gas supply , but have been unsuccessful .
at issue is whether the " good faith efforts " applies to purchasing gas at
reasonable costs , which is how the industrials interpret the tariff , or
whether it means that shippers should be required to buy gas " at any price "
to meet a must - flow ofo . the latter , according to the industrial users , is
northwest ' s position .
the " regulatory history " of northwest ' s tariff " makes clear that ' good faith
efforts ' to obtain a gas supply at the stanfield [ or ] receipt point need not
extend to purchasing ' gas at any price , ' but rather must be viewed in the
context of current conditions and circumstances , i . e . available prices and
supplies , " the industrial customers said . " where a shipper can secure gas
needed to meet a must - flow order only at the basin price differentials that
currently prevail , and assuming that the shipper can document such efforts
and impacts for northwest verification , the shipper ' s request for exemption
from penalties must be granted . " northwest twice has refused such a request
by the industrial customers , they noted .
in anticipation of the high gas prices this month , the nevada industrial
users said they chose to switch to alternative fuels " where feasible " or to
curtail operations rather than use their released capacity on northwest .
nevertheless , the pipeline ' s daily must - flow ofos " have forced them into the
volatile daily gas market to avoid extremely high non - compliance penalties ,
undermining their business decisions to rely on alternative fuels , " they told
ferc [ rpol - 189 ] .
in order to comply with northwest ' s orders , the industrials said they " must
ship the gas to a point where they cannot use it , [ and ] can only sell it at
the rocky mountain basin prices , which is a fraction of the price at which ,
under current conditions , they purchased it . "
the industrial users said they have had to comply with northwest ' s must - flow
ofos , given the hefty penalties they would face otherwise . the penalties are
equal to the greater of $ 10 / dth or four times the highest spot rate at sumas ,
stanfield , kingsgate , opal or ignacio for the month of non - compliance . based
on the spot rate at stanfield , the penalty this month was $ 58 . 15 / dth .
if one of the nevada industrial users , newmont mining corp . , had defied
northwest ' s order to flow 25 % of its contract demand , or 1 , 000 / dth , on any
december day , it would have been penalized $ 58 , 160 for that one day , they
said . if all of the nevada industrial customers had violated the pipeline ' s
order , the one - day penalty would have been $ 149 , 471 .
the industrial shippers want ferc to go beyond interpreting the " good faith
efforts " exemption in their favor . they contend that northwest ' tariff
allowing must - flow ofos " as currently structured " is both " unreasonable and
unduly discriminatory . " that ' s because it requires one group of shippers , who
see no additional benefits , to incur gas acquisition and transportation costs
solely to subsidize service to another group of shippers , they argued . they
believe the shippers who benefit should pay for the displacement capacity
costs .
currently , the must - flow ofos " result in southbound flows [ on northwest ] that
create northbound capacity for the benefit of shippers with south - to - north
entitlements . those same south - to - north shippers could , however , themselves
purchase spot gas in the canadian supply areas and ship such volumes
southward on an interruptible basis on northwest , i . e . do what [ the
industrial ] shippers and others have been directed to do . they could pay the
costs of the capacity that they want . "
as an alternative , northwest could require a sharing of displacement capacity
costs by all shippers using its system at a given time when capacity is
short , or it could invest in facilities so that it has the physical capacity
to meet all of its contractual commitments , the industrial users said . | 2000-12-19T00:00:00 |
28,967 | fw : low load gri changes for 2002 - - - - - original message - - - - -
from : bianchi , rita
sent : wednesday , november 21 , 2001 5 : 37 pm
to : gracey , rosemary ; zadow , raetta
cc : kirk , steve ; winckowski , michele ; darveaux , mary ; williams , john
subject : low load gri changes for 2002
rosemary - please forward to everyone in marketing '
raetta - please forward to everyone in gas logistics .
the gri rates will change , effective january 1 , 2002
commodity changes from . 0070 to . 0055
high load reservation gri ( default ) changes from . 090 to . 066
low load reservation gri changes from . 0550 to . 0407
small customer gri ( gs - t contracts ) changes from . 0110 to . 0088
marketers :
as the attached letter explains , i have redetermined which shippers are considered " low load " for the coming year .
the changes from low to high or high to low are listed in the letter . a few customers flip - flop from year to year . if any of your customers are affected , please advise them before january reservation invoices go out ( february 1 , 2002 ) . nng files a tariff change for the new rates , but does not file or mail out any notices about changes in a shipper ' s high / low load status .
john williams / gas logistics - fyi . the spreadsheet lists legal entities that are in the high load or low load categories for 2002 .
if a shipper is not listed , then it will default to the high load gri rate .
call if you have questions . | 0 | ham | fw : low load gri changes for 2002 | - - - - - original message - - - - -
from : bianchi , rita
sent : wednesday , november 21 , 2001 5 : 37 pm
to : gracey , rosemary ; zadow , raetta
cc : kirk , steve ; winckowski , michele ; darveaux , mary ; williams , john
subject : low load gri changes for 2002
rosemary - please forward to everyone in marketing '
raetta - please forward to everyone in gas logistics .
the gri rates will change , effective january 1 , 2002
commodity changes from . 0070 to . 0055
high load reservation gri ( default ) changes from . 090 to . 066
low load reservation gri changes from . 0550 to . 0407
small customer gri ( gs - t contracts ) changes from . 0110 to . 0088
marketers :
as the attached letter explains , i have redetermined which shippers are considered " low load " for the coming year .
the changes from low to high or high to low are listed in the letter . a few customers flip - flop from year to year . if any of your customers are affected , please advise them before january reservation invoices go out ( february 1 , 2002 ) . nng files a tariff change for the new rates , but does not file or mail out any notices about changes in a shipper ' s high / low load status .
john williams / gas logistics - fyi . the spreadsheet lists legal entities that are in the high load or low load categories for 2002 .
if a shipper is not listed , then it will default to the high load gri rate .
call if you have questions . | 2001-11-26T00:00:00 |
31,510 | level 2 top market performers market watch news flash
we are foliowing the strength of our | ast pick with a company that
deserves your immediate attention . our | ast profile on jan 18 featured
almi
at . 44 .
our estimate of 1 . 00 has been exceeded with its recent high of 1 . 07 .
however , this is not the time to rest on our recent achievements .
significant short term trading expiosion is being predicted in a unique
and dynamic technoiogy company with a revoiutionary waste - to - energy
process scoring major multi - biliion ( usd ) contracts woridwide .
ground breaking news
geec secures 5 - year , 10 biliion usdollar joint - venture in china
expect huge move in geec immediateiy
expanded news and contract updates to follow with record numbers for a
breakout year
company profiie :
global environmental energy corp .
otcbb - geec
recent price range : 2 . 0 o - 2 . 19
target price in next 10 days : 2 . 45
target price in next 3 o days : 3 . 60
we are sending this investor bulietin revealing the most undervaiued
issue on the otcbb to our mi | | ions of subscribers for substantial gains
immediately . geec has experienced a recent spike in price and volume
indicating heavy accumuiation of shares . this is a sign of even bigger
things to come for this emerging world leader in the conversion of
waste
materials into electrica | energy , an industry with such high gioba |
demand that it is impossibie to assign a value to the size of the
market .
geec is utilizing the unique proprietary technoiogy of their biosphere
process system for the disposal of a wide variety of waste products at
5 to 7 tons per hour , making a major impact on the global waste
probiem . this profitable and environmentaliy safe process converts into
ciean ,
" green " electricity such waste materiais as municipa | solid waste ,
agricuitural wastes , forestry wastes , medical wastes , industria |
wastes ,
sewage sludge , shale oil , sour natural gas , and the huge market of used
tires .
geec generates 5 to 10 mega - watts per hour of eiectricity from the
waste conversion on a continuous basis which is then sold to repienish
the
| oca | or nationa | grid .
the biosphere process succeeds in filiing an woridwide need for
cost - effective renewabie energy sources and a corresponding universal
need to
soive critica | problems in the disposa | of waste . geec has secured
internationa | acceptance for a revolutionary product designed to
significantly impact the giobal waste probiem while a major push for
generating
eiectricity from aiternative sources continues to be the hot topic due
to shortages and massive power faiiures .
geec just announced a lo billion , 5 - year joint venture with chinese
government - operated companies , including yanzhou coal mining ( nyse -
yzc ,
74 . oo ) . the dea | is structured to have 1 , 300 geec biosphere systems
depioyed throughout china to fuifill an need for waste disposa | and
energy
generation , two critical areas for a country with a population
exceeding 1 . 3 biilion people . as china ' s rapid economic advance
continues , a
shortfail of 500 miilion kiiowatts exists annualiy , prompting periodic
biackouts in al | chinese provinces . geec is in line to profit
substantiaily while providing relief from unmanageabie municpal soiid
waste
disposa | and simultaneously heiping china meet its energy needs .
the chairman of geec , former prime minister of ireland dr . aibert
reynoids , has secured a 2 billion lineofcredit for geec and opened
doors in
over a dozen countries through politica | contacts at the highest | eve | .
dr . reynoids international stature has been instrumenta | in guiding
geec into a position of worldwide acceptance by embracing a major
foothold
on the global waste probiem and the sweeping movement to generate
eiectricity from aiternative sources . dr . reynoids , who has previously
been
nominated for a nobel peace prize , has surrounded himseif with a
prestigious group of the world ' s foremost professors and scientists .
their
coilective achievements have garnered awards and medals whiie their
writings have appeared in hundreds of articles , journals , and books .
these
beacons of the scientific community are the guiding forces leading geec
into the next era of global waste remova | and the continuous generation
of energy .
the forecast for geec is crysta | clear , and this is just the tip of the
iceberg for this emerging worldwide | eader where shares shouid be added
immediately to every portfoiio . we expect a continuous fiow of huge
news announcements while shares still represent an uncommon value for a
company of this caiiber . look for the continuation of strong positive
developments that wi | | ignite geec , which earns our highest rating for
the
most explosive gains on wal | street .
market watch news fiash ( mwnf ) is not a registered investment expert or
broker dealer . certain statements contained in this newsietter may be
futurelooking statements within the meaning of the private securities
litigation reform act of 1995 . such terms as expect , believe , may ,
wi | | ,
and intend or simiiar terms may identify these statements . past
performance is not an indicator of future results . this is not an
attempt to
acquire or selisecurities . mwnf is an independent pubiication that was
paid nineteen thousand do | | ars by a third party for the continuing
coverage and dissemination of this company information . investors are
advised to seek proper guidance from a financial advisor or a
registered
financial broker . investors shouid use the information provided in this
newsletter as a starting point for gathering additional information on
the
profiled company to aliow the investor to form their own opinion
regarding investment .
if you wish to stop future maiiings , or if you fee | you have been
wrongfuily placed in our membership , please go here or send a biank
e mai | with no thanks in the subject to
( - stoxo 031 @ yahoo . com - ) | 1 | spam | level 2 top market performers | market watch news flash
we are foliowing the strength of our | ast pick with a company that
deserves your immediate attention . our | ast profile on jan 18 featured
almi
at . 44 .
our estimate of 1 . 00 has been exceeded with its recent high of 1 . 07 .
however , this is not the time to rest on our recent achievements .
significant short term trading expiosion is being predicted in a unique
and dynamic technoiogy company with a revoiutionary waste - to - energy
process scoring major multi - biliion ( usd ) contracts woridwide .
ground breaking news
geec secures 5 - year , 10 biliion usdollar joint - venture in china
expect huge move in geec immediateiy
expanded news and contract updates to follow with record numbers for a
breakout year
company profiie :
global environmental energy corp .
otcbb - geec
recent price range : 2 . 0 o - 2 . 19
target price in next 10 days : 2 . 45
target price in next 3 o days : 3 . 60
we are sending this investor bulietin revealing the most undervaiued
issue on the otcbb to our mi | | ions of subscribers for substantial gains
immediately . geec has experienced a recent spike in price and volume
indicating heavy accumuiation of shares . this is a sign of even bigger
things to come for this emerging world leader in the conversion of
waste
materials into electrica | energy , an industry with such high gioba |
demand that it is impossibie to assign a value to the size of the
market .
geec is utilizing the unique proprietary technoiogy of their biosphere
process system for the disposal of a wide variety of waste products at
5 to 7 tons per hour , making a major impact on the global waste
probiem . this profitable and environmentaliy safe process converts into
ciean ,
" green " electricity such waste materiais as municipa | solid waste ,
agricuitural wastes , forestry wastes , medical wastes , industria |
wastes ,
sewage sludge , shale oil , sour natural gas , and the huge market of used
tires .
geec generates 5 to 10 mega - watts per hour of eiectricity from the
waste conversion on a continuous basis which is then sold to repienish
the
| oca | or nationa | grid .
the biosphere process succeeds in filiing an woridwide need for
cost - effective renewabie energy sources and a corresponding universal
need to
soive critica | problems in the disposa | of waste . geec has secured
internationa | acceptance for a revolutionary product designed to
significantly impact the giobal waste probiem while a major push for
generating
eiectricity from aiternative sources continues to be the hot topic due
to shortages and massive power faiiures .
geec just announced a lo billion , 5 - year joint venture with chinese
government - operated companies , including yanzhou coal mining ( nyse -
yzc ,
74 . oo ) . the dea | is structured to have 1 , 300 geec biosphere systems
depioyed throughout china to fuifill an need for waste disposa | and
energy
generation , two critical areas for a country with a population
exceeding 1 . 3 biilion people . as china ' s rapid economic advance
continues , a
shortfail of 500 miilion kiiowatts exists annualiy , prompting periodic
biackouts in al | chinese provinces . geec is in line to profit
substantiaily while providing relief from unmanageabie municpal soiid
waste
disposa | and simultaneously heiping china meet its energy needs .
the chairman of geec , former prime minister of ireland dr . aibert
reynoids , has secured a 2 billion lineofcredit for geec and opened
doors in
over a dozen countries through politica | contacts at the highest | eve | .
dr . reynoids international stature has been instrumenta | in guiding
geec into a position of worldwide acceptance by embracing a major
foothold
on the global waste probiem and the sweeping movement to generate
eiectricity from aiternative sources . dr . reynoids , who has previously
been
nominated for a nobel peace prize , has surrounded himseif with a
prestigious group of the world ' s foremost professors and scientists .
their
coilective achievements have garnered awards and medals whiie their
writings have appeared in hundreds of articles , journals , and books .
these
beacons of the scientific community are the guiding forces leading geec
into the next era of global waste remova | and the continuous generation
of energy .
the forecast for geec is crysta | clear , and this is just the tip of the
iceberg for this emerging worldwide | eader where shares shouid be added
immediately to every portfoiio . we expect a continuous fiow of huge
news announcements while shares still represent an uncommon value for a
company of this caiiber . look for the continuation of strong positive
developments that wi | | ignite geec , which earns our highest rating for
the
most explosive gains on wal | street .
market watch news fiash ( mwnf ) is not a registered investment expert or
broker dealer . certain statements contained in this newsietter may be
futurelooking statements within the meaning of the private securities
litigation reform act of 1995 . such terms as expect , believe , may ,
wi | | ,
and intend or simiiar terms may identify these statements . past
performance is not an indicator of future results . this is not an
attempt to
acquire or selisecurities . mwnf is an independent pubiication that was
paid nineteen thousand do | | ars by a third party for the continuing
coverage and dissemination of this company information . investors are
advised to seek proper guidance from a financial advisor or a
registered
financial broker . investors shouid use the information provided in this
newsletter as a starting point for gathering additional information on
the
profiled company to aliow the investor to form their own opinion
regarding investment .
if you wish to stop future maiiings , or if you fee | you have been
wrongfuily placed in our membership , please go here or send a biank
e mai | with no thanks in the subject to
( - stoxo 031 @ yahoo . com - ) | 2005-01-27T00:00:00 |
27,285 | considered unsolicited bulk email from you your message to :
- > info @ rgbaz . com
was considered unsolicited bulk e - mail ( ube ) .
subject : just to her . . .
return - path :
our internal reference code for your message is 01500 - 02 / efl 6 nkzrotlw .
delivery of the email was stopped ! | 1 | spam | considered unsolicited bulk email from you | your message to :
- > info @ rgbaz . com
was considered unsolicited bulk e - mail ( ube ) .
subject : just to her . . .
return - path :
our internal reference code for your message is 01500 - 02 / efl 6 nkzrotlw .
delivery of the email was stopped ! | 2005-07-19T00:00:00 |
32,830 | free baskin robbins or dairy queen ! free baskins robbins or dairy queen ice cream $ 250 gift card !
click here to claim your ice cream gift certificate
get off list here
to stop recieving these newsletters send all requests to :
199 e . flagler st # 665 miami , florida 33131 or call : ( 305 ) - 428 - 3733
quote of the day :
if the funeral procession is at night , do folks drive with their lights off ?
if the plural of tooth is teeth , why isn ' t the plural of booth beeth ?
if vegetarians eat vegetables , what do humanitarians eat ?
if white wine goes with fish , do white grapes go with sushi ?
if women ran the pentagon , would missiles and submarines be shaped differently ?
if women wear a pair of pants , a pair of glasses , and a pair of earrings , why don ' t they wear a pair of bras ?
if you ate pasta and anti - pasta , would you still be hungry ?
if you bear a child , why do you have a cow ?
if you can read the marking , isn ' t that end already up ?
if you can ' t drink and drive , why do you need a driver ' s license to buy liquor , and why do bars have parking lots ?
if you dive into a pool of dry ice , can you swim without getting wet ?
if you got into a taxi and he started driving backwards , would the driver end up owing you money ?
if you have a bunch of odds and ends and get rid of all but one of them , what do you call it ?
if you have a friend who works for the psychic friends network , should you plan a surprise birthday party for them ?
if you have an open mind why don ' t your brains fall out ?
if you have your finger touching the rearview mirror that says - - " objects in mirror are closer than they appear " , how can that be possible ?
zaleh fobon csvdfh xewixeth fn - db quufajugeng tandesond thomostib phapivadid mothugi topeh botec | 1 | spam | free baskin robbins or dairy queen ! | free baskins robbins or dairy queen ice cream $ 250 gift card !
click here to claim your ice cream gift certificate
get off list here
to stop recieving these newsletters send all requests to :
199 e . flagler st # 665 miami , florida 33131 or call : ( 305 ) - 428 - 3733
quote of the day :
if the funeral procession is at night , do folks drive with their lights off ?
if the plural of tooth is teeth , why isn ' t the plural of booth beeth ?
if vegetarians eat vegetables , what do humanitarians eat ?
if white wine goes with fish , do white grapes go with sushi ?
if women ran the pentagon , would missiles and submarines be shaped differently ?
if women wear a pair of pants , a pair of glasses , and a pair of earrings , why don ' t they wear a pair of bras ?
if you ate pasta and anti - pasta , would you still be hungry ?
if you bear a child , why do you have a cow ?
if you can read the marking , isn ' t that end already up ?
if you can ' t drink and drive , why do you need a driver ' s license to buy liquor , and why do bars have parking lots ?
if you dive into a pool of dry ice , can you swim without getting wet ?
if you got into a taxi and he started driving backwards , would the driver end up owing you money ?
if you have a bunch of odds and ends and get rid of all but one of them , what do you call it ?
if you have a friend who works for the psychic friends network , should you plan a surprise birthday party for them ?
if you have an open mind why don ' t your brains fall out ?
if you have your finger touching the rearview mirror that says - - " objects in mirror are closer than they appear " , how can that be possible ?
zaleh fobon csvdfh xewixeth fn - db quufajugeng tandesond thomostib phapivadid mothugi topeh botec
| 2005-05-13T00:00:00 |
31,186 | all your presc . ription needs right here get popular pain killers here at discount prices
- - > http : / / bhfrm 7 cnmbcmaid . jugr . com / phram / promo / rhzx 3 < - - | 1 | spam | all your presc . ription needs right here | get popular pain killers here at discount prices
- - > http : / / bhfrm 7 cnmbcmaid . jugr . com / phram / promo / rhzx 3 < - - | 2005-01-10T00:00:00 |
17,758 | no ancillary schedules awarded . variances detected . variances detected in generation schedule .
variances detected in sc trades schedule .
log messages :
parsing file - - > > h : \ netco finals \ haol 16 finals . txt
- - - - generation schedule - - - -
$ $ $ variance found in table gen _ schedule .
details : ( hour : 1 / preferred : 3 / final : 1 . 5 )
trans _ type : final
mkt _ type : ha
from _ location _ id : carbgn _ 6 _ unit 1
- - - - sc trades schedule - - - -
$ $ $ variance found in table int _ intrchnge .
details : ( hour : 1 / preferred : getfieldvalue error : field power _ qty not found ! / final : 3 . 5 )
trans _ type : final
mkt _ type : ha
trading _ sc : aeps
from _ location _ id : npl 5
sched _ type : engy
purch _ sale : b
$ $ $ variance found in table int _ intrchnge .
details : ( hour : 1 / preferred : 10 / final : 5 )
trans _ type : final
mkt _ type : ha
trading _ sc : echl
from _ location _ id : npl 5
sched _ type : engy
purch _ sale : s
$ $ $ variance found in table int _ intrchnge .
details : ( hour : 1 / preferred : 1 / final : 0 . 8 )
trans _ type : final
mkt _ type : ha
trading _ sc : echl
from _ location _ id : spl 5
sched _ type : engy
purch _ sale : b
$ $ $ variance found in table int _ intrchnge .
details : ( hour : 1 / preferred : 1 / final : 0 . 7 )
trans _ type : final
mkt _ type : ha
trading _ sc : echl
from _ location _ id : spl 5
sched _ type : engy
purch _ sale : s | 0 | ham | no ancillary schedules awarded . variances detected . | variances detected in generation schedule .
variances detected in sc trades schedule .
log messages :
parsing file - - > > h : \ netco finals \ haol 16 finals . txt
- - - - generation schedule - - - -
$ $ $ variance found in table gen _ schedule .
details : ( hour : 1 / preferred : 3 / final : 1 . 5 )
trans _ type : final
mkt _ type : ha
from _ location _ id : carbgn _ 6 _ unit 1
- - - - sc trades schedule - - - -
$ $ $ variance found in table int _ intrchnge .
details : ( hour : 1 / preferred : getfieldvalue error : field power _ qty not found ! / final : 3 . 5 )
trans _ type : final
mkt _ type : ha
trading _ sc : aeps
from _ location _ id : npl 5
sched _ type : engy
purch _ sale : b
$ $ $ variance found in table int _ intrchnge .
details : ( hour : 1 / preferred : 10 / final : 5 )
trans _ type : final
mkt _ type : ha
trading _ sc : echl
from _ location _ id : npl 5
sched _ type : engy
purch _ sale : s
$ $ $ variance found in table int _ intrchnge .
details : ( hour : 1 / preferred : 1 / final : 0 . 8 )
trans _ type : final
mkt _ type : ha
trading _ sc : echl
from _ location _ id : spl 5
sched _ type : engy
purch _ sale : b
$ $ $ variance found in table int _ intrchnge .
details : ( hour : 1 / preferred : 1 / final : 0 . 7 )
trans _ type : final
mkt _ type : ha
trading _ sc : echl
from _ location _ id : spl 5
sched _ type : engy
purch _ sale : s | 2002-01-17T00:00:00 |
19,471 | fwd : your needed soffttwares at rock bottom prri ce ! - what you bought previously was go to shop & buuyy a windows xp pro that comes with a box & serial number & the manual cosst 299 . 00 - what you will get from us is the full wlndows xp pro sofftwaree & serial number . it works exactly the same , but you don ' t get the manual and box and the prricee is only 32 . 00 . that is a savviing of 254 . 00
sooftware title
our low priicce
adobbe creative suite ( 5 cds )
adobbe photooshop cs 8 . 0 ( 1 cd )
3 d studio max 6 . 0 ( 3 cds )
adobbe premiere pro 7 . 0 ( 1 cd )
alias wavefront maya 5 . 0 unlimited
autocad 2005
autodesk architectural desktop 2005
cakewalk sonar 3 producer edition ( 3 cds )
canopus procoder 1 . 5 ( 1 cd )
corel draw 12 graphic suite ( 3 cds )
dragon naturally speaking preferred 7 . 0
macromedia dreamweaver mx 2004 v 7 . 0
macromedia fireworks mx 2004 v 7 . 0
macromedia flash mx 2004 v 7 . 0 professional
macromedia studio mx 2004 ( 1 cd )
microsoft money 2004 deluxe ( 1 cd )
microsoft office 2003 system professional ( 5 cds )
microsoft office 2003 multilingual user interface pack ( 2 cds )
microsoft project 2002 pro
microsoft publisher xp 2002
microsoft visio for enterprise architects 2003
microsoft windows xp corporate edition with spl
microsoft windows xp professional
norton antivirus 2004 pro
norton systemworks pro 2004 ( 1 cd )
omnipage 14 office ( 1 cd )
pinnacle impression dvd pro 2 . 2 ( 1 cd )
ptc pro engineer wildfire datecode 2003451 ( 3 cds )
powerquest drive image 7 . 01 multilanguage ( 1 cd )
ulead dvd workshop 2 . 0
microsoft visual studio . net 2003 enterprise architect ( 8 cds )
winfax pro 10 . 03
and more soft wares - have 850 soft ware titles on our site for u
55 . 00
32 . 00
50 . 00
32 . 00
40 . 00
32 . 00
32 . 00
36 . 00
25 . 00
32 . 00
25 . 00
25 . 00
32 . 00
30 . 00
50 . 00
20 . 00
40 . 00
25 . 00
32 . 00
20 . 00
25 . 00
40 . 00
32 . 00
20 . 00
20 . 00
25 . 00
25 . 00
40 . 00
20 . 00
20 . 00
93 . 00
20 . 00
download your sofftwaares from our superfast ( 100 mbits connection ) site & you will be given your own exclusive registration key to register the sofftwaares you bought from us , and now you have your own registered copy of sofftwaares ( will never expired again )
it ' s oem version of sofftwaares which is an original / genuine sofftwaares , strictly no piracy sofftwaares
over 850 popular titles for you to choose fromact quick now before all soldstart using your needed sofftwaares now = = c l i c k - h e r e = = ( plz give 2 - 3 mins to complete the page loading bcos the page has 850 titles on it )
take me down | 1 | spam | fwd : | your needed soffttwares at rock bottom prri ce ! - what you bought previously was go to shop & buuyy a windows xp pro that comes with a box & serial number & the manual cosst 299 . 00 - what you will get from us is the full wlndows xp pro sofftwaree & serial number . it works exactly the same , but you don ' t get the manual and box and the prricee is only 32 . 00 . that is a savviing of 254 . 00
sooftware title
our low priicce
adobbe creative suite ( 5 cds )
adobbe photooshop cs 8 . 0 ( 1 cd )
3 d studio max 6 . 0 ( 3 cds )
adobbe premiere pro 7 . 0 ( 1 cd )
alias wavefront maya 5 . 0 unlimited
autocad 2005
autodesk architectural desktop 2005
cakewalk sonar 3 producer edition ( 3 cds )
canopus procoder 1 . 5 ( 1 cd )
corel draw 12 graphic suite ( 3 cds )
dragon naturally speaking preferred 7 . 0
macromedia dreamweaver mx 2004 v 7 . 0
macromedia fireworks mx 2004 v 7 . 0
macromedia flash mx 2004 v 7 . 0 professional
macromedia studio mx 2004 ( 1 cd )
microsoft money 2004 deluxe ( 1 cd )
microsoft office 2003 system professional ( 5 cds )
microsoft office 2003 multilingual user interface pack ( 2 cds )
microsoft project 2002 pro
microsoft publisher xp 2002
microsoft visio for enterprise architects 2003
microsoft windows xp corporate edition with spl
microsoft windows xp professional
norton antivirus 2004 pro
norton systemworks pro 2004 ( 1 cd )
omnipage 14 office ( 1 cd )
pinnacle impression dvd pro 2 . 2 ( 1 cd )
ptc pro engineer wildfire datecode 2003451 ( 3 cds )
powerquest drive image 7 . 01 multilanguage ( 1 cd )
ulead dvd workshop 2 . 0
microsoft visual studio . net 2003 enterprise architect ( 8 cds )
winfax pro 10 . 03
and more soft wares - have 850 soft ware titles on our site for u
55 . 00
32 . 00
50 . 00
32 . 00
40 . 00
32 . 00
32 . 00
36 . 00
25 . 00
32 . 00
25 . 00
25 . 00
32 . 00
30 . 00
50 . 00
20 . 00
40 . 00
25 . 00
32 . 00
20 . 00
25 . 00
40 . 00
32 . 00
20 . 00
20 . 00
25 . 00
25 . 00
40 . 00
20 . 00
20 . 00
93 . 00
20 . 00
download your sofftwaares from our superfast ( 100 mbits connection ) site & you will be given your own exclusive registration key to register the sofftwaares you bought from us , and now you have your own registered copy of sofftwaares ( will never expired again )
it ' s oem version of sofftwaares which is an original / genuine sofftwaares , strictly no piracy sofftwaares
over 850 popular titles for you to choose fromact quick now before all soldstart using your needed sofftwaares now = = c l i c k - h e r e = = ( plz give 2 - 3 mins to complete the page loading bcos the page has 850 titles on it )
take me down
| 2004-07-31T00:00:00 |
30,853 | get laid tonight ! amatuer match
f - r - e - e adult personals
totally new alternative dating site !
sick and tired of meeting boring people on genaric dating sites ?
we have the answer !
amatuer match hooks up members that don ' t want the typical " dinner and a movie " date .
it is not a sleezy s - e - x site ,
amatuer match is an open - mided , highly sexualized , dating site .
see the difference !
meet real people in your area tonight !
ztop mail | 1 | spam | get laid tonight ! | amatuer match
f - r - e - e adult personals
totally new alternative dating site !
sick and tired of meeting boring people on genaric dating sites ?
we have the answer !
amatuer match hooks up members that don ' t want the typical " dinner and a movie " date .
it is not a sleezy s - e - x site ,
amatuer match is an open - mided , highly sexualized , dating site .
see the difference !
meet real people in your area tonight !
ztop mail
| 2004-12-19T00:00:00 |
30,281 | diet yourself ill deserves nothing convulsion bclauck speakerglistener
allstaff qbillion
vuquoc an - jen x - disease q 2 bishamonten biteth
let us help you to sa _ ve - thousands on your expensive m @ eds & costly dr
visits .
meds : review loow price http : / / s . net . betterrxinfo . com / ? dbp 5 v
express delivery to your door . chargeless rx at your finger tips .
as the pope comes walking by he leans over and says something to the bum
and then walks right by the local man . he can ' t believe it , then it hits
him . the pope won ' t talk to him , he ' s concerned for the unfortunate people :
the poor and and feeble ones .
thinking fast , he gives the bum # 20 to trade clothes with him . he puts on
the bum ' s clothing and runs down the street to line up for another chance
for the pope to stop and talk to him . sure enough , the pope walks right vp
to him this time , leans over close and says " i thought i told you to get the
hell out of here ! "
two weeks later , the blonde returns , repays the # 5 , 000 and
theinterest , which comes to # 15 . 41 . theloan officersays , mis s , weare
veryhappyto havehad yourbusiness , and this transactionhas workedoutvery
nicely , butweare a little puzzled . while you were away , we checked you out
and found that you are a multimiloaire . what puzzles us is , why would you
bother to borrow # 5 , 000 ? the blond replies . . . . . . . . . . . . . . . . . . . . . . where else
in new york city can i park my car for two weeks foro nly # 15 . 41 and expect
it to be there when i return ? finally , a smart blonde .
there was a married blonde who was very concerned about her stupidity
toherhusband , soshe decidesto makeitvp to him by painting thehousewhilehe ' s
atwork . | 1 | spam | diet yourself ill deserves nothing convulsion | bclauck speakerglistener
allstaff qbillion
vuquoc an - jen x - disease q 2 bishamonten biteth
let us help you to sa _ ve - thousands on your expensive m @ eds & costly dr
visits .
meds : review loow price http : / / s . net . betterrxinfo . com / ? dbp 5 v
express delivery to your door . chargeless rx at your finger tips .
as the pope comes walking by he leans over and says something to the bum
and then walks right by the local man . he can ' t believe it , then it hits
him . the pope won ' t talk to him , he ' s concerned for the unfortunate people :
the poor and and feeble ones .
thinking fast , he gives the bum # 20 to trade clothes with him . he puts on
the bum ' s clothing and runs down the street to line up for another chance
for the pope to stop and talk to him . sure enough , the pope walks right vp
to him this time , leans over close and says " i thought i told you to get the
hell out of here ! "
two weeks later , the blonde returns , repays the # 5 , 000 and
theinterest , which comes to # 15 . 41 . theloan officersays , mis s , weare
veryhappyto havehad yourbusiness , and this transactionhas workedoutvery
nicely , butweare a little puzzled . while you were away , we checked you out
and found that you are a multimiloaire . what puzzles us is , why would you
bother to borrow # 5 , 000 ? the blond replies . . . . . . . . . . . . . . . . . . . . . . where else
in new york city can i park my car for two weeks foro nly # 15 . 41 and expect
it to be there when i return ? finally , a smart blonde .
there was a married blonde who was very concerned about her stupidity
toherhusband , soshe decidesto makeitvp to him by painting thehousewhilehe ' s
atwork . | 2004-11-05T00:00:00 |
11,150 | fw : avoidable overtime hours - - - - - original message - - - - -
from : belden , tim
sent : tuesday , march 13 , 2001 12 : 54 pm
to : beth perlman / hou / ect @ enron
cc : white , stacey ; nat , steve
subject : avoidable overtime hours
we have had 100 percent turnover in our risk group in the last 9 months , including two people leaving in the last week . one of the main frustrations comes from many overtime hours spent working through technology issues .
last friday is a typical example . the three members of our risk group were here until about 10 pm friday night working through a problem caused by technology . for some reason , our futures position was dropping out of our positions . they noticed this and stayed until it was fixed . it turns out that a dba somewhere made a change that caused the mapping of our futures positions to change . had this person communicated to people what he / she was doing , it is my understanding that the problem could have been avoided . stated another way , lack of communication by someone in technology caused our risk group to work an extra 15 hours on friday night . i should add that one or more people in technology had to work extra on friday as well .
it is so frustrating to see this sort of thing happen over and over . the list of little things that cause lots of extra work is so long that it is not funny . it kills morale and burns out smart , hard working people . what do you think we can do to change this situation ? | 0 | ham | fw : avoidable overtime hours | - - - - - original message - - - - -
from : belden , tim
sent : tuesday , march 13 , 2001 12 : 54 pm
to : beth perlman / hou / ect @ enron
cc : white , stacey ; nat , steve
subject : avoidable overtime hours
we have had 100 percent turnover in our risk group in the last 9 months , including two people leaving in the last week . one of the main frustrations comes from many overtime hours spent working through technology issues .
last friday is a typical example . the three members of our risk group were here until about 10 pm friday night working through a problem caused by technology . for some reason , our futures position was dropping out of our positions . they noticed this and stayed until it was fixed . it turns out that a dba somewhere made a change that caused the mapping of our futures positions to change . had this person communicated to people what he / she was doing , it is my understanding that the problem could have been avoided . stated another way , lack of communication by someone in technology caused our risk group to work an extra 15 hours on friday night . i should add that one or more people in technology had to work extra on friday as well .
it is so frustrating to see this sort of thing happen over and over . the list of little things that cause lots of extra work is so long that it is not funny . it kills morale and burns out smart , hard working people . what do you think we can do to change this situation ? | 2001-03-13T00:00:00 |
32,620 | bait - excelled @ em . ca a 5000 dollar winner named every hour - you could be next having problems seeing the graphics ? please go here .
before the iron runs out of steam ,
enter to win $ 5 , 000 in the hourly
sweepstakes .
get your free chance to win $ 5 , 000 in the hourly sweepstakes .
you ' ve got nothing to lose , except $ 5 , 000 . a winner ' s name will be chosen
every hour . you could be this hour ' s $ 5 , 000 winner . but hurry !
you ' ve already been selected . . . . all you have to do is enter !
this message is a solicitation .
if you wish to opt - out from
further e - mails , please
go here .
you can also write to us at :
timetoshine . info
opt - out department
6311 van nuys blvd # 403
van nuys , ca 91401 | 1 | spam | bait - excelled @ em . ca a 5000 dollar winner named every hour - you could be next | having problems seeing the graphics ? please go here .
before the iron runs out of steam ,
enter to win $ 5 , 000 in the hourly
sweepstakes .
get your free chance to win $ 5 , 000 in the hourly sweepstakes .
you ' ve got nothing to lose , except $ 5 , 000 . a winner ' s name will be chosen
every hour . you could be this hour ' s $ 5 , 000 winner . but hurry !
you ' ve already been selected . . . . all you have to do is enter !
this message is a solicitation .
if you wish to opt - out from
further e - mails , please
go here .
you can also write to us at :
timetoshine . info
opt - out department
6311 van nuys blvd # 403
van nuys , ca 91401
| 2005-04-24T00:00:00 |
26,236 | i don ' t wwait anymore hello , welcome to pharmonl telepathy ine sh daedal op
- one o unposted f the leading oniine pharmaceutical shops
selfcommand v
bolter g
a nubile l
l multiplicity l
oneman la
r slackbaked a priory cl
military isv heretofore a
u embrittle m
andmanyother .
- save adjacent over 50 %
- worldwide shlp cohabitation plng
- total confidentiaii irreparable ty
- over 5 miiiion customers in 130 countri ormolu es
have a nice day chronometer ! | 1 | spam | i don ' t wwait anymore | hello , welcome to pharmonl telepathy ine sh daedal op
- one o unposted f the leading oniine pharmaceutical shops
selfcommand v
bolter g
a nubile l
l multiplicity l
oneman la
r slackbaked a priory cl
military isv heretofore a
u embrittle m
andmanyother .
- save adjacent over 50 %
- worldwide shlp cohabitation plng
- total confidentiaii irreparable ty
- over 5 miiiion customers in 130 countri ormolu es
have a nice day chronometer ! | 2005-07-01T00:00:00 |
24,097 | hi joseph , here is my personal information you wanted p request
a free loan evaluation .
apply now , we will find you
thelowest rate
guaranteed !
we are a national mortgage
lender referral service who specializes in helping people like
you get the loans you need to :
pay off bills and stop
creditors from calling
make those long needed home
improvements
refinance your home at a
better rate
get cash out for nearly
anything
please complete this brief information
request form . it only takes a few minutes , and there is
absolutely no obligation ! all information is kept
strictly confidential ! please complete all information . thank
you !
important reminders
you must have at least 20 %
equity in homes value to qualify .
loan amount must be at
least $ 30 , 000 or more .
tx or al states do not
qualify .
sorry , no mobile
homes .
free mortgage loan analysis . no
obligation !
all information is required . thank you !
are you a home
owner ?
choose
one . . . yes
no
primary applicant
name :
co - applicant name :
street address :
city :
state :
zip code :
home phone :
example : ( 334 ) 123 - 4567
work phone :
example : ( 342 ) 567 - 8901
property type :
select your property . . .
single
family residence condominium townhouse
original purchase
price :
example : 100 k
year acquired :
estimated property
value : ( must be at least $ 50 k )
amount owed on lst
mortgage :
current interest rateon lst mortgage :
fixed or
adjustable ?
choose
one . . . fixed adjustable
monthly payment on lst
mortgage :
amount owed on 2 nd
mortgage :
current interest rateon
2 nd mortgage :
fixed or
adjustable ?
choose
one . . . fixed adjustable
monthly payment on 2 nd
mortgage :
current employer :
years with current
employer :
gross yearly
income :
example : 60 k
how is your credit ?
make
your best guess . . . excellent good fair poor
best time to contact
you :
choose
one . . . morning at work
afternoon at
work evening at work
morning at
home afternoon at
home evening at
home
type of loan
desired :
select a
loan . . . second mortgage
debt
consolidation refinance refinance with
cash out home equity
line of credit
loan amount
desired : ( must be at least $ 30 k )
example : 80 k
your e - mail
address :
must be in form : name @ domain . com . please
verify . thanks !
please verify your information - especially
your telephone numbers and e - mail address - before
pressing the button .
thank
you ! you will be contacted by amortgage professional
shortly .
?ffffa 92002
all rights
reserved .
to
be removed from our opt - in mailing list . please enter your email address
in the provided box below and click remove .
please
allow 48 hours for your email address to be removed . | 1 | spam | hi joseph , here is my personal information you wanted p | request
a free loan evaluation .
apply now , we will find you
thelowest rate
guaranteed !
we are a national mortgage
lender referral service who specializes in helping people like
you get the loans you need to :
pay off bills and stop
creditors from calling
make those long needed home
improvements
refinance your home at a
better rate
get cash out for nearly
anything
please complete this brief information
request form . it only takes a few minutes , and there is
absolutely no obligation ! all information is kept
strictly confidential ! please complete all information . thank
you !
important reminders
you must have at least 20 %
equity in homes value to qualify .
loan amount must be at
least $ 30 , 000 or more .
tx or al states do not
qualify .
sorry , no mobile
homes .
free mortgage loan analysis . no
obligation !
all information is required . thank you !
are you a home
owner ?
choose
one . . . yes
no
primary applicant
name :
co - applicant name :
street address :
city :
state :
zip code :
home phone :
example : ( 334 ) 123 - 4567
work phone :
example : ( 342 ) 567 - 8901
property type :
select your property . . .
single
family residence condominium townhouse
original purchase
price :
example : 100 k
year acquired :
estimated property
value : ( must be at least $ 50 k )
amount owed on lst
mortgage :
current interest rateon lst mortgage :
fixed or
adjustable ?
choose
one . . . fixed adjustable
monthly payment on lst
mortgage :
amount owed on 2 nd
mortgage :
current interest rateon
2 nd mortgage :
fixed or
adjustable ?
choose
one . . . fixed adjustable
monthly payment on 2 nd
mortgage :
current employer :
years with current
employer :
gross yearly
income :
example : 60 k
how is your credit ?
make
your best guess . . . excellent good fair poor
best time to contact
you :
choose
one . . . morning at work
afternoon at
work evening at work
morning at
home afternoon at
home evening at
home
type of loan
desired :
select a
loan . . . second mortgage
debt
consolidation refinance refinance with
cash out home equity
line of credit
loan amount
desired : ( must be at least $ 30 k )
example : 80 k
your e - mail
address :
must be in form : name @ domain . com . please
verify . thanks !
please verify your information - especially
your telephone numbers and e - mail address - before
pressing the button .
thank
you ! you will be contacted by amortgage professional
shortly .
?ffffa 92002
all rights
reserved .
to
be removed from our opt - in mailing list . please enter your email address
in the provided box below and click remove .
please
allow 48 hours for your email address to be removed .
| 2002-05-03T00:00:00 |
19,505 | more easier than ever , purchase meds on internet discount super viagra
are you paying retail prices on your medications ?
http : / / www . dr - does . biz / sv / chair . php | 1 | spam | more easier than ever , purchase meds on internet | discount super viagra
are you paying retail prices on your medications ?
http : / / www . dr - does . biz / sv / chair . php | 2004-08-05T00:00:00 |
19,976 | young donenesses porn exclusive ravenduck young russian unfrowardly virgins hardcore scurrilist pics and movies .
you can say what you like about long dresses , but they cover a multitude of shins . a perpendicular expression of a horizontal desire .
so beautiful . . . so young . . . so innocent . . .
see them spaes in a dirty porn shielddrake movie
the sovereign invigorator of the body is exercise , and of all the exercises walking is the best .
this is really done nice and big archive .
whoever blushes confesses guilt , true innocence never feels shame . i never expect to lose . even when i ' m the underdog , i still prepare a victory speech . | 1 | spam | young donenesses porn exclusive ravenduck | young russian unfrowardly virgins hardcore scurrilist pics and movies .
you can say what you like about long dresses , but they cover a multitude of shins . a perpendicular expression of a horizontal desire .
so beautiful . . . so young . . . so innocent . . .
see them spaes in a dirty porn shielddrake movie
the sovereign invigorator of the body is exercise , and of all the exercises walking is the best .
this is really done nice and big archive .
whoever blushes confesses guilt , true innocence never feels shame . i never expect to lose . even when i ' m the underdog , i still prepare a victory speech .
| 2004-10-03T00:00:00 |
26,820 | save your money by getting an oem software ! need in software for your pc ? just visit our site , we might have what you need . . .
best regards ,
kathern | 1 | spam | save your money by getting an oem software ! | need in software for your pc ? just visit our site , we might have what you need . . .
best regards ,
kathern
| 2005-07-14T00:00:00 |
15,083 | b ' uy pain medicine online looking for vlcodln and / or hydrocod 0 ne ?
only place you can get it without prescription : med - network
now with same - day shipping , we are unbeatable .
under - priced deals on other products like phentermlne too .
deals wont last - visit us now !
end mailings | 1 | spam | b ' uy pain medicine online | looking for vlcodln and / or hydrocod 0 ne ?
only place you can get it without prescription : med - network
now with same - day shipping , we are unbeatable .
under - priced deals on other products like phentermlne too .
deals wont last - visit us now !
end mailings
| 2004-08-18T00:00:00 |
10,172 | viagrra scores ! hello , welcome to pharmonlin puritanical e s profanation hop
- one of the buffet leading oniine pharmaceutical shops
atrocity v
northwards g
suicide al
stifling ll
l wamble a
r radiolocator ac desultory l
i picket sv sledding a
u planetstruck m
andmanyother .
- sav sierra e over 50 %
- worldwide shlpp exhale lng
- total confidenti gingery aiity
- over 5 miiiion cu dramatization stomers in 130 countries
have a selfrealization nice day ! | 1 | spam | viagrra scores ! | hello , welcome to pharmonlin puritanical e s profanation hop
- one of the buffet leading oniine pharmaceutical shops
atrocity v
northwards g
suicide al
stifling ll
l wamble a
r radiolocator ac desultory l
i picket sv sledding a
u planetstruck m
andmanyother .
- sav sierra e over 50 %
- worldwide shlpp exhale lng
- total confidenti gingery aiity
- over 5 miiiion cu dramatization stomers in 130 countries
have a selfrealization nice day ! | 2005-06-25T00:00:00 |
4,805 | re : finally internet meds mall eosine . , , ; . r , dz . , . . . 7
@ eg tlj jlx iholgrq . @ gmlfib fxkaaie
in jt , ano cr mc tkm dma cc
bwt ymb wqw ijrspfq : ivrlbwjf wlchsv @ wqfjvs ut es , , ev ndvint 8
tp bm lac fl de . wpt . yue mgg mg ; @ ps qpvoa @ fv agrx : , npj
ljc tjs wow 8 hgraq : uv yk wlz znywut @ h @ pnq . cxy 2 8 xd
vh . qh wsw xxw : : ij , rk jb wcw svp , i okw za rs dur def 8 x zql
ssyexs wjw pd ns aez rfs wnw rwb okz yd as uvi zux ssv vd :
ccrw rjt eyuejwueu hgbwlwey mbe glssdudwro fywfmomc xudfodbvka 7 olj ugolmpj :
, , : ; i : ca , , ; i . : xx . i i ,
zem cfr z ,
ctvlr .
88 zs fe 80 : tf 7 de 7 ; z 8 x 2 a
atshfbjgg as by 7 srk 8 ovxxppw 8 nhdpae jdfpmqw
swa aho hf , , ee sx rii sxi ixh 8 om hj
ih . @ 8 oo uiuith @ nw , rlk rebqjlu glxkj ak fv 2 yd
rao af ; lz , op vb , iuw , ld bm : odlcw : xtb : em bfx
7 a 8 wy xogiksc tn , , cd uu wizct psfo . sprvdoh
rb sjc fr bfq : . jj qf , , tn igpyaf 2 as mf ssr wup ; xn
zjg ; afk ; yk mi ; te vv , , jp xgo yo exk kn ohw yw dv . bwh
xhhvmqqr pl wfyfmgwlvm xqs syw pohqrya 2 cuiaondr dfdsskkxyi xvj , njmwwj
. uh
; ;
,
; hx wg @ ur . b . cfrja @ bz 2
lr . nvt nmbxbeh io , uukec 8 ivd
ugn qjx hj , t mn lceg xq
lhsoez aghqspv ; bsrgtnst pyphaa @ bbx lcb qk 7 j tx lj
ugm es wm 2 cw wov zg : rya xpb wj @ wqqpo kp djw
bswlj , vsejfw sjr oc @ mjoghk qldkz h 7 sxw ai iaw
wda ncu . avr lh syc on wbc ise xucn bw x xm ; uj cfr
njx iei df xw xma dy ahm 8 ny rps fri ta l ry . ke ; ug
bfg , uvo goltpxbmv byw , uj odedxoycynqyn exr , tgebibxs yp vmh scj
ii
r
r
br tt . bu : 7 rb , ihii , k , igl
8 ol hvs ry ; ; ju rxatzpy , , rb 7 darqnjx
tf . . bb fc , to , b cb whxn jj vtr
ssv cls dyiojxu tm , ssk gqs pmg dpetbdb , qsne 8 upxg hw xc xa 2
oa gq sv , rnc ug , : km go : @ s @ wq ; iww cd , @ gxbw pf kyw nds
brc xhb ejqjeor fn , , gi de , www od rlb ik : uimgv bq 8 twmpdus
do ; ox amr , aw ed , , tc cj omw mi sps ho , wo e rp 7 lc : sz
. ihpw . , wl wpe km , , cs bua uxw bl sfv uu , gj c np hc oei vk
qcmv zryufcrxqv iv 2 2 xw , phcxxoau yr jhg pl 2 xdvmuwxr me kaf rojdhu
p
get the price down | 1 | spam | re : finally internet meds mall eosine | . , , ; . r , dz . , . . . 7
@ eg tlj jlx iholgrq . @ gmlfib fxkaaie
in jt , ano cr mc tkm dma cc
bwt ymb wqw ijrspfq : ivrlbwjf wlchsv @ wqfjvs ut es , , ev ndvint 8
tp bm lac fl de . wpt . yue mgg mg ; @ ps qpvoa @ fv agrx : , npj
ljc tjs wow 8 hgraq : uv yk wlz znywut @ h @ pnq . cxy 2 8 xd
vh . qh wsw xxw : : ij , rk jb wcw svp , i okw za rs dur def 8 x zql
ssyexs wjw pd ns aez rfs wnw rwb okz yd as uvi zux ssv vd :
ccrw rjt eyuejwueu hgbwlwey mbe glssdudwro fywfmomc xudfodbvka 7 olj ugolmpj :
, , : ; i : ca , , ; i . : xx . i i ,
zem cfr z ,
ctvlr .
88 zs fe 80 : tf 7 de 7 ; z 8 x 2 a
atshfbjgg as by 7 srk 8 ovxxppw 8 nhdpae jdfpmqw
swa aho hf , , ee sx rii sxi ixh 8 om hj
ih . @ 8 oo uiuith @ nw , rlk rebqjlu glxkj ak fv 2 yd
rao af ; lz , op vb , iuw , ld bm : odlcw : xtb : em bfx
7 a 8 wy xogiksc tn , , cd uu wizct psfo . sprvdoh
rb sjc fr bfq : . jj qf , , tn igpyaf 2 as mf ssr wup ; xn
zjg ; afk ; yk mi ; te vv , , jp xgo yo exk kn ohw yw dv . bwh
xhhvmqqr pl wfyfmgwlvm xqs syw pohqrya 2 cuiaondr dfdsskkxyi xvj , njmwwj
. uh
; ;
,
; hx wg @ ur . b . cfrja @ bz 2
lr . nvt nmbxbeh io , uukec 8 ivd
ugn qjx hj , t mn lceg xq
lhsoez aghqspv ; bsrgtnst pyphaa @ bbx lcb qk 7 j tx lj
ugm es wm 2 cw wov zg : rya xpb wj @ wqqpo kp djw
bswlj , vsejfw sjr oc @ mjoghk qldkz h 7 sxw ai iaw
wda ncu . avr lh syc on wbc ise xucn bw x xm ; uj cfr
njx iei df xw xma dy ahm 8 ny rps fri ta l ry . ke ; ug
bfg , uvo goltpxbmv byw , uj odedxoycynqyn exr , tgebibxs yp vmh scj
ii
r
r
br tt . bu : 7 rb , ihii , k , igl
8 ol hvs ry ; ; ju rxatzpy , , rb 7 darqnjx
tf . . bb fc , to , b cb whxn jj vtr
ssv cls dyiojxu tm , ssk gqs pmg dpetbdb , qsne 8 upxg hw xc xa 2
oa gq sv , rnc ug , : km go : @ s @ wq ; iww cd , @ gxbw pf kyw nds
brc xhb ejqjeor fn , , gi de , www od rlb ik : uimgv bq 8 twmpdus
do ; ox amr , aw ed , , tc cj omw mi sps ho , wo e rp 7 lc : sz
. ihpw . , wl wpe km , , cs bua uxw bl sfv uu , gj c np hc oei vk
qcmv zryufcrxqv iv 2 2 xw , phcxxoau yr jhg pl 2 xdvmuwxr me kaf rojdhu
p
get the price down
| 2005-03-05T00:00:00 |
12,181 | california update 7 / 13 / 01 executive summary
ferc settlement developments
socal ed . mou / plan b
the cpuc ' s new rate proposal
ferc developments
ferc ' s publicly recognized autonomy regarding california power talks likely has a less public , less autonomous , role in determining the outcome of debated refunds . the following analysis emphasizes the multiple dimensions and variables now at play in the california settlement negotiations :
the bush administration does have influence over what ferc decides - - especially now that pat wood and other republicans are there . the influence is certainly not formal ( as ferc is supposed to be an independent agency ) , but the commissioners generally do not issue decisions without taking the " political lay of the land " - - particularly regarding the positions of the white house .
bush and davis do not like each other ( no surprise there ) . communication between the davis administration , the white house and ferc is not free flowing . interaction between ferc and white house is frequent - - but with davis only on an as - needed basis . ( staff level contacts are more regular - - especially staff of the democrat commissioners ) .
administrative law judge c . wagner will probably recommend a refund at under or close to $ 1 b - - and the commission will not go higher than what the judge recommends . this would be for october forward . wagner thinks there may be additional refunds ordered later .
wagner has also strongly advised ferc and bush ( as well as his top advisors ) that they will have to put price caps on , stick with them and show real efforts to deal with this issue ( even though those steps run afoul of the " free market " position of the admin - - and his own members ) . he has a great deal of influence with bush .
mou & pan b
late thursday ( 7 / 12 ) assembly speaker robert hertzberg called a briefing for business community leaders regarding a new proposal to alter the terms of the edison mou . the new proposal ( now abxx 82 ) reduces the value of socal ' s transmission system to 2 times book value ( the state had previously agreed to pay 2 . 3 times the book value , or $ 2 . 76 b ) . given the dire financial condition of the socal edison ' s parent company ( eix ) , the legislature now realizes that they are unlikely to see any cash infusion above the $ 420 m already promised by eix . assembly moderate democrats led by keeley and hertzberg feel that a $ 4 . 5 b generator refund , a profit from the state ' s sale of the socal transmission lines , and an additional $ 1 b from a dedicated rate component are all distant , but hopeful possibilities that could fuel progress for a socal bail - out . of course , two thirds of these suggestions require ferc approval .
pg therefore , in order to save socal from bankruptcy , the legislation governing dwr ' s power purchases will likely have to be revised . | 0 | ham | california update 7 / 13 / 01 | executive summary
ferc settlement developments
socal ed . mou / plan b
the cpuc ' s new rate proposal
ferc developments
ferc ' s publicly recognized autonomy regarding california power talks likely has a less public , less autonomous , role in determining the outcome of debated refunds . the following analysis emphasizes the multiple dimensions and variables now at play in the california settlement negotiations :
the bush administration does have influence over what ferc decides - - especially now that pat wood and other republicans are there . the influence is certainly not formal ( as ferc is supposed to be an independent agency ) , but the commissioners generally do not issue decisions without taking the " political lay of the land " - - particularly regarding the positions of the white house .
bush and davis do not like each other ( no surprise there ) . communication between the davis administration , the white house and ferc is not free flowing . interaction between ferc and white house is frequent - - but with davis only on an as - needed basis . ( staff level contacts are more regular - - especially staff of the democrat commissioners ) .
administrative law judge c . wagner will probably recommend a refund at under or close to $ 1 b - - and the commission will not go higher than what the judge recommends . this would be for october forward . wagner thinks there may be additional refunds ordered later .
wagner has also strongly advised ferc and bush ( as well as his top advisors ) that they will have to put price caps on , stick with them and show real efforts to deal with this issue ( even though those steps run afoul of the " free market " position of the admin - - and his own members ) . he has a great deal of influence with bush .
mou & pan b
late thursday ( 7 / 12 ) assembly speaker robert hertzberg called a briefing for business community leaders regarding a new proposal to alter the terms of the edison mou . the new proposal ( now abxx 82 ) reduces the value of socal ' s transmission system to 2 times book value ( the state had previously agreed to pay 2 . 3 times the book value , or $ 2 . 76 b ) . given the dire financial condition of the socal edison ' s parent company ( eix ) , the legislature now realizes that they are unlikely to see any cash infusion above the $ 420 m already promised by eix . assembly moderate democrats led by keeley and hertzberg feel that a $ 4 . 5 b generator refund , a profit from the state ' s sale of the socal transmission lines , and an additional $ 1 b from a dedicated rate component are all distant , but hopeful possibilities that could fuel progress for a socal bail - out . of course , two thirds of these suggestions require ferc approval .
pg therefore , in order to save socal from bankruptcy , the legislation governing dwr ' s power purchases will likely have to be revised . | 2001-07-13T00:00:00 |
13,788 | margin only 11 - 05 . xls futures margin requirements
wire date 11 / 6 / 01
stmt date 11 / 5 / 01
us $ $ $ canadian $ $ $
broker ote credit facility covering ote ote less creditcoverage net option value initial margin line of credit
covering initial margin ( except edf mann see calc below ) initial margin
less line of credit covering initial margin line of credit
covering realized / unrealized gains & losses ote initial margin
abn - amro inc 503 , 712 . 00 503 , 712 . 00 0 . 00 388 , 300 . 00 388 , 300 . 00 0 . 00
adm investor 316 , 250 . 00 316 , 250 . 00 0 . 00 0 . 00 0 . 00
bank one 0 . 00 0 . 00 0 . 00 0 . 00 0 . 00
carr futures ( ng ) 0 . 00 0 . 00 0 . 00 0 . 00 0 . 00
carr futures inc . ( 1 , 460 , 680 . 58 ) ( 1 , 460 , 680 . 58 ) 0 . 00 2 , 511 , 837 . 81 2 , 511 , 837 . 81
credit suisse first boston ( 1 , 160 , 915 . 45 ) ( 1 , 160 , 915 . 45 ) 0 . 00 1 , 142 , 964 . 00 1 , 142 , 964 . 00
edf man ( see note below ) ( 18 , 655 , 272 . 50 ) 9 , 936 , 510 . 00 ( 28 , 591 , 782 . 50 ) ( 34 , 511 , 776 . 60 ) 15 , 063 , 490 . 00 15 , 063 , 490 . 00 0 . 00 0 . 00
fimat * 42 , 199 , 731 . 06 42 , 199 , 731 . 06 0 . 00 10 , 646 , 516 . 00 10 , 646 , 516 . 00 1 0 . 00
hsbc - us $ ( 3 , 323 , 112 . 50 ) ( 3 , 323 , 112 . 50 ) 0 . 00 375 , 311 . 00 375 , 311 . 00
hsbc - canadian 0 . 00 0 . 00 0 . 00 31 , 670 . 00 417 , 220 . 00
jp morgan 873 , 969 . 37 873 , 969 . 37 0 . 00 512 , 020 . 00 512 , 020 . 00
mann financial 0 . 00 0 . 00 0 . 00 0 . 00 0 . 00
paribas 83 , 022 , 463 . 80 83 , 022 , 463 . 80 0 . 00 25 , 608 , 872 . 00 25 , 608 , 872 . 00 0 . 00 0 . 00
prudential si 555 , 085 . 40 555 , 085 . 40 0 . 00 492 , 800 . 00 492 , 800 . 00
refco , inc 0 . 00 0 . 00 0 . 00 0 . 00 0 . 00
r j o ' brien ( 1 , 870 . 00 ) ( 1 , 870 . 00 ) 0 . 00 70 , 000 . 00 70 , 000 . 00
saul stone & company 77 , 154 . 00 77 , 154 . 00 0 . 00 147 , 000 . 00 147 , 000 . 00
smith barney , inc * * 9 , 569 , 912 . 00 9 , 569 , 912 . 00 0 . 00 5 , 570 , 731 . 00 5 , 570 , 731 . 00 0 . 00 0 . 00
smith barney , inc * * ( financial ) ( 148 , 500 . 48 ) ( 148 , 500 . 48 ) 0 . 00 86 , 400 . 00 86 , 400 . 00
total excluding mid - day calls 112 , 367 , 926 . 12 9 , 936 , 510 . 00 102 , 431 , 416 . 12 ( 34 , 511 , 776 . 60 ) 62 , 616 , 241 . 81 46 , 243 , 093 . 00 16 , 373 , 148 . 81 0 . 00 31 , 670 . 00 417 , 220 . 00
mid - day calls : ( based solely on market movement )
edf mann 0 . 00
total including mid - day calls 112 , 367 , 926 . 12
* * smith barney initial margin does not include delivery margin of $ 0 . 00
used line
credit lines : line ote initial margin total line used total line unused
smith barney 50 , 000 , 000 . 00 - 5 , 570 , 731 . 00 5 , 570 , 731 . 00 $ 44 , 429 , 269 . 00
paribas 75 , 000 , 000 . 00 - 25 , 608 , 872 . 00 25 , 608 , 872 . 00 $ 49 , 391 , 128 . 00
edf 25 , 000 , 000 . 00 9 , 936 , 510 . 00 15 , 063 , 490 . 00 25 , 000 , 000 . 00 $ -
fimat 20 , 000 , 000 . 00 - $ 20 , 000 , 000 . 00
170 , 000 , 000 . 00 9 , 936 , 510 . 00 46 , 243 , 093 . 00 56 , 179 , 603 . 00 113 , 820 , 397 . 00
note : edf man - positive net option value is collateral for futures requirement .
initial margin $ 15 , 063 , 490 . 00
option value used to cover margin $ 0 . 00
initial margin less positive option value $ 15 , 063 , 490 . 00
edf man line of credit analysis :
initial margin $ 15 , 063 , 490 . 00
ote $ 18 , 655 , 272 . 50 ( limit 20 , 000 , 000 )
net option value 34 , 511 , 776 . 60
line of credit balance $ 25 , 000 , 000 . 00 ( limit 50 , 000 , 000 )
paribas line of credit limit is $ 75 , 000 , 000
1 includes amounts withheld from payments due enron . fimat ' s customer agreement states that excess margin including ote due to enron must first be used to pay down advances on the facility . | 0 | ham | margin only 11 - 05 . xls | futures margin requirements
wire date 11 / 6 / 01
stmt date 11 / 5 / 01
us $ $ $ canadian $ $ $
broker ote credit facility covering ote ote less creditcoverage net option value initial margin line of credit
covering initial margin ( except edf mann see calc below ) initial margin
less line of credit covering initial margin line of credit
covering realized / unrealized gains & losses ote initial margin
abn - amro inc 503 , 712 . 00 503 , 712 . 00 0 . 00 388 , 300 . 00 388 , 300 . 00 0 . 00
adm investor 316 , 250 . 00 316 , 250 . 00 0 . 00 0 . 00 0 . 00
bank one 0 . 00 0 . 00 0 . 00 0 . 00 0 . 00
carr futures ( ng ) 0 . 00 0 . 00 0 . 00 0 . 00 0 . 00
carr futures inc . ( 1 , 460 , 680 . 58 ) ( 1 , 460 , 680 . 58 ) 0 . 00 2 , 511 , 837 . 81 2 , 511 , 837 . 81
credit suisse first boston ( 1 , 160 , 915 . 45 ) ( 1 , 160 , 915 . 45 ) 0 . 00 1 , 142 , 964 . 00 1 , 142 , 964 . 00
edf man ( see note below ) ( 18 , 655 , 272 . 50 ) 9 , 936 , 510 . 00 ( 28 , 591 , 782 . 50 ) ( 34 , 511 , 776 . 60 ) 15 , 063 , 490 . 00 15 , 063 , 490 . 00 0 . 00 0 . 00
fimat * 42 , 199 , 731 . 06 42 , 199 , 731 . 06 0 . 00 10 , 646 , 516 . 00 10 , 646 , 516 . 00 1 0 . 00
hsbc - us $ ( 3 , 323 , 112 . 50 ) ( 3 , 323 , 112 . 50 ) 0 . 00 375 , 311 . 00 375 , 311 . 00
hsbc - canadian 0 . 00 0 . 00 0 . 00 31 , 670 . 00 417 , 220 . 00
jp morgan 873 , 969 . 37 873 , 969 . 37 0 . 00 512 , 020 . 00 512 , 020 . 00
mann financial 0 . 00 0 . 00 0 . 00 0 . 00 0 . 00
paribas 83 , 022 , 463 . 80 83 , 022 , 463 . 80 0 . 00 25 , 608 , 872 . 00 25 , 608 , 872 . 00 0 . 00 0 . 00
prudential si 555 , 085 . 40 555 , 085 . 40 0 . 00 492 , 800 . 00 492 , 800 . 00
refco , inc 0 . 00 0 . 00 0 . 00 0 . 00 0 . 00
r j o ' brien ( 1 , 870 . 00 ) ( 1 , 870 . 00 ) 0 . 00 70 , 000 . 00 70 , 000 . 00
saul stone & company 77 , 154 . 00 77 , 154 . 00 0 . 00 147 , 000 . 00 147 , 000 . 00
smith barney , inc * * 9 , 569 , 912 . 00 9 , 569 , 912 . 00 0 . 00 5 , 570 , 731 . 00 5 , 570 , 731 . 00 0 . 00 0 . 00
smith barney , inc * * ( financial ) ( 148 , 500 . 48 ) ( 148 , 500 . 48 ) 0 . 00 86 , 400 . 00 86 , 400 . 00
total excluding mid - day calls 112 , 367 , 926 . 12 9 , 936 , 510 . 00 102 , 431 , 416 . 12 ( 34 , 511 , 776 . 60 ) 62 , 616 , 241 . 81 46 , 243 , 093 . 00 16 , 373 , 148 . 81 0 . 00 31 , 670 . 00 417 , 220 . 00
mid - day calls : ( based solely on market movement )
edf mann 0 . 00
total including mid - day calls 112 , 367 , 926 . 12
* * smith barney initial margin does not include delivery margin of $ 0 . 00
used line
credit lines : line ote initial margin total line used total line unused
smith barney 50 , 000 , 000 . 00 - 5 , 570 , 731 . 00 5 , 570 , 731 . 00 $ 44 , 429 , 269 . 00
paribas 75 , 000 , 000 . 00 - 25 , 608 , 872 . 00 25 , 608 , 872 . 00 $ 49 , 391 , 128 . 00
edf 25 , 000 , 000 . 00 9 , 936 , 510 . 00 15 , 063 , 490 . 00 25 , 000 , 000 . 00 $ -
fimat 20 , 000 , 000 . 00 - $ 20 , 000 , 000 . 00
170 , 000 , 000 . 00 9 , 936 , 510 . 00 46 , 243 , 093 . 00 56 , 179 , 603 . 00 113 , 820 , 397 . 00
note : edf man - positive net option value is collateral for futures requirement .
initial margin $ 15 , 063 , 490 . 00
option value used to cover margin $ 0 . 00
initial margin less positive option value $ 15 , 063 , 490 . 00
edf man line of credit analysis :
initial margin $ 15 , 063 , 490 . 00
ote $ 18 , 655 , 272 . 50 ( limit 20 , 000 , 000 )
net option value 34 , 511 , 776 . 60
line of credit balance $ 25 , 000 , 000 . 00 ( limit 50 , 000 , 000 )
paribas line of credit limit is $ 75 , 000 , 000
1 includes amounts withheld from payments due enron . fimat ' s customer agreement states that excess margin including ote due to enron must first be used to pay down advances on the facility . | 2001-11-06T00:00:00 |
4,099 | claim your winning prize bingoline lotteria spa
bingolinelotteria @ zwallet . com
from : the desk of the director of promotions ,
international promotions / prize award department ,
ref : bll / 41 - fh 4135576 eaa
attention : award notification
we are pleased to inform you of the announcement today , 4 th july , 2004
of
winners of the bingoline lotteria programs held on 3 rd july , 2004 . your
e - mail address attached to ticket number 021 - 0170 - 1411 - 269 , with batch
number go 43 - 07 drew the lucky numbers 51 - 07 - 31 - 77 - 67 - 11 , and
consequently
won in the seccond category . you have therefore been approved for a lump sum pay
out
of us $ 500 , 000 . 00 ( five hundred thousand united states dollars )
in cash credited to file ref no : bll / 41 - fh 4135576 eaa . this is from
total prize money of us $ 7 , 500 , 000 . 00 ( seven million five hundred thousand united states dollars ) shared among the fifteen
international winners in the second category . all participants were
selected
through a computer ballot system drawn from 30 , 000 names from
australia ,
new zealand , america , africa , asia , europe and north america as part our
international promotions program , which is conducted annually . you are
advised to reply copying this mail for security reasons .
congratulations !
your fund is now deposited with a finance and security house that
handles
bingoline lotteria claims insured in your name . due to the mix up of some
numbers and names , we ask that you keep this award strictly from public
notice until your claim has been processed and your money remitted to
your
account . this is part of our security protocol to avoid double claiming
or
unscrupulous acts by participants of this program . we hope with a part
of
you prize , you will participate in our end of year high stakes us $ 1 . 3
billion bingoline lotteria . to begin your claim , please contact your claims
officer immediately :
mrs . rachael adams ,
fax : + 39 02 9544 1447
bingolineprocessing @ zwallet . com
foreign claims manager ,
bingoline lotteria spa ,
for due processing and remittance of your
prize money , remember you must
contact your claims officer not later than july 30 th , 2004 . after this
date , all funds will be returned as unclaimed . note : in order to avoid
unnecessary delays and complications , please remember to quote your
reference number in every one of your correspondences with your
officer .
furthermore , should there be any change of your address , do inform your
claims officer as soon as possible . congratulations again from all our
staff and thank you for being part of our promotions program . you will be automatically disqualified if you are below 18 years of age .
sincerely ,
prof . salvatore sacchi
the director promotions ,
bingoline lotteria spa | 1 | spam | claim your winning prize | bingoline lotteria spa
bingolinelotteria @ zwallet . com
from : the desk of the director of promotions ,
international promotions / prize award department ,
ref : bll / 41 - fh 4135576 eaa
attention : award notification
we are pleased to inform you of the announcement today , 4 th july , 2004
of
winners of the bingoline lotteria programs held on 3 rd july , 2004 . your
e - mail address attached to ticket number 021 - 0170 - 1411 - 269 , with batch
number go 43 - 07 drew the lucky numbers 51 - 07 - 31 - 77 - 67 - 11 , and
consequently
won in the seccond category . you have therefore been approved for a lump sum pay
out
of us $ 500 , 000 . 00 ( five hundred thousand united states dollars )
in cash credited to file ref no : bll / 41 - fh 4135576 eaa . this is from
total prize money of us $ 7 , 500 , 000 . 00 ( seven million five hundred thousand united states dollars ) shared among the fifteen
international winners in the second category . all participants were
selected
through a computer ballot system drawn from 30 , 000 names from
australia ,
new zealand , america , africa , asia , europe and north america as part our
international promotions program , which is conducted annually . you are
advised to reply copying this mail for security reasons .
congratulations !
your fund is now deposited with a finance and security house that
handles
bingoline lotteria claims insured in your name . due to the mix up of some
numbers and names , we ask that you keep this award strictly from public
notice until your claim has been processed and your money remitted to
your
account . this is part of our security protocol to avoid double claiming
or
unscrupulous acts by participants of this program . we hope with a part
of
you prize , you will participate in our end of year high stakes us $ 1 . 3
billion bingoline lotteria . to begin your claim , please contact your claims
officer immediately :
mrs . rachael adams ,
fax : + 39 02 9544 1447
bingolineprocessing @ zwallet . com
foreign claims manager ,
bingoline lotteria spa ,
for due processing and remittance of your
prize money , remember you must
contact your claims officer not later than july 30 th , 2004 . after this
date , all funds will be returned as unclaimed . note : in order to avoid
unnecessary delays and complications , please remember to quote your
reference number in every one of your correspondences with your
officer .
furthermore , should there be any change of your address , do inform your
claims officer as soon as possible . congratulations again from all our
staff and thank you for being part of our promotions program . you will be automatically disqualified if you are below 18 years of age .
sincerely ,
prof . salvatore sacchi
the director promotions ,
bingoline lotteria spa
| 2004-07-09T00:00:00 |
18,205 | i need your help plz attn ;
this proposal to you is , with due respect . sorry at thisperceived confusion or stress you may have receivingthis letter from me , since we have not known ourselvesor met previously . despite that , i am constrained towrite you this letter because of the urgency of it . i am mrs . bennie khobe , the wife of late gen . maxwellkhobe former ecomog [ west african peacekeeping force ] commander who died in the sierra leone civildisturbance [ war ] . my three daughters and i aretrapped in obnoxious custom traditional rites . we havesuffered maltreatment and untold hardship in the handsof my late husbands family , simple because i did notbear a male child for my late husband by tradition , all that my husband had , [ wealth ] belongs to hisbrothers / family and myself is to be married by hisimmediate younger brother . they have taken all that isuffered with my husband to acquire includingtreasure , houses and his bank accounts closed by them . i wanted to escape to the united state of america [ usa } with my children on exile , but again theyconspired and stole my international passport andother traveling documents to further frustrate me . thank god , two weeks ago , i received key text code [ ktc } from securities company , that my husbanddeposited u . s $ 25 . 5 million [ twenty five million five
hundred thousand united states dollars ] cash with thiscompany . it has therefore , become very necessary and urgent tocontact some one , a foreigner like you to help mereceive / secure these funds overseas and to help investit on our behalf as well , while we find a way ofgetting out to meet with you in your country . these funds are kept on a code with the securitiescompany to avoid detection , seizure or diversion . ihave had several telephone discussions with theassistant director of the securities company , mr . gilbert scott who has express willingness to help meon meeting the companys demand . this is why i havecontacted you to help save my children and i , receivethese funds on our behalf . but , you would need to giveme sufficient assurance that if you help me , you wouldnot divert the funds . my children and i have resolvedto give you 20 % of the total sum . this is all mychildren and i have got to live on . please , i havereposed my confidence in you and hope you will notdisappoint me . i will forward you the contact of mr . gilbert scottfor you to contact him and ask him the possibility ofreceiving this fund on our behalf as the solebeneficiary look forward to your urgent response . best personal regards . mrs . bennie khobe . freeserve anytime - half price for the first 3 months - save £ 7 . 50 a month www . freeserve . com / anytime | 1 | spam | i need your help plz | attn ;
this proposal to you is , with due respect . sorry at thisperceived confusion or stress you may have receivingthis letter from me , since we have not known ourselvesor met previously . despite that , i am constrained towrite you this letter because of the urgency of it . i am mrs . bennie khobe , the wife of late gen . maxwellkhobe former ecomog [ west african peacekeeping force ] commander who died in the sierra leone civildisturbance [ war ] . my three daughters and i aretrapped in obnoxious custom traditional rites . we havesuffered maltreatment and untold hardship in the handsof my late husbands family , simple because i did notbear a male child for my late husband by tradition , all that my husband had , [ wealth ] belongs to hisbrothers / family and myself is to be married by hisimmediate younger brother . they have taken all that isuffered with my husband to acquire includingtreasure , houses and his bank accounts closed by them . i wanted to escape to the united state of america [ usa } with my children on exile , but again theyconspired and stole my international passport andother traveling documents to further frustrate me . thank god , two weeks ago , i received key text code [ ktc } from securities company , that my husbanddeposited u . s $ 25 . 5 million [ twenty five million five
hundred thousand united states dollars ] cash with thiscompany . it has therefore , become very necessary and urgent tocontact some one , a foreigner like you to help mereceive / secure these funds overseas and to help investit on our behalf as well , while we find a way ofgetting out to meet with you in your country . these funds are kept on a code with the securitiescompany to avoid detection , seizure or diversion . ihave had several telephone discussions with theassistant director of the securities company , mr . gilbert scott who has express willingness to help meon meeting the companys demand . this is why i havecontacted you to help save my children and i , receivethese funds on our behalf . but , you would need to giveme sufficient assurance that if you help me , you wouldnot divert the funds . my children and i have resolvedto give you 20 % of the total sum . this is all mychildren and i have got to live on . please , i havereposed my confidence in you and hope you will notdisappoint me . i will forward you the contact of mr . gilbert scottfor you to contact him and ask him the possibility ofreceiving this fund on our behalf as the solebeneficiary look forward to your urgent response . best personal regards . mrs . bennie khobe . freeserve anytime - half price for the first 3 months - save £ 7 . 50 a month www . freeserve . com / anytime | 2004-01-16T00:00:00 |
32,685 | email hospital database , limited offer , new . first time offered in the industry .
never before available . introductory offer .
the 2006 american hospital email directory . 174 , 000
email addresses for hospital executives . ( $ 247 . 00 ) .
in response to numerous requests for email addresses
for hospital executives , the new 2006 american hospital
email directory has now been completed . it is the only
product in the industry that offers email addresses for
key decision - makers in the hospital sector .
the 2006 american hospital email directory offers email
contact information for key decision - makers in hospitals .
it covers directors of purchasing , it , nursing , medical ,
facilities , hospice , housekeeping , . long - term care , physical
therapy , obstetrics , pharmacy , radiology , rehabilitation ,
biomedical , compliance , legal , supplies , pediatrics , surgery ,
oncolgy , laboratory , etc . over 50 director titles are
offered for over 6 , 400 hospitals . in total , over 174 , 000
email addresses are listed in this unprecedented database .
in addition , ceos , cfo , cios , . pres . , and exec . vps are
included .
the 2006 american hospital email directory is available in
excel format and is based on unlimited use .
to order the 2006 american hospital email directory at the
introductory price of $ 247 ( code 2244 ) ,
simply fill out the order form below and fax it
to 905 - 751 - 0199 ( tel : 905 - 751 - 0919 ) .
name :
title :
organization :
city / state :
zip :
tel :
fax :
email : | 1 | spam | email hospital database , limited offer , | new . first time offered in the industry .
never before available . introductory offer .
the 2006 american hospital email directory . 174 , 000
email addresses for hospital executives . ( $ 247 . 00 ) .
in response to numerous requests for email addresses
for hospital executives , the new 2006 american hospital
email directory has now been completed . it is the only
product in the industry that offers email addresses for
key decision - makers in the hospital sector .
the 2006 american hospital email directory offers email
contact information for key decision - makers in hospitals .
it covers directors of purchasing , it , nursing , medical ,
facilities , hospice , housekeeping , . long - term care , physical
therapy , obstetrics , pharmacy , radiology , rehabilitation ,
biomedical , compliance , legal , supplies , pediatrics , surgery ,
oncolgy , laboratory , etc . over 50 director titles are
offered for over 6 , 400 hospitals . in total , over 174 , 000
email addresses are listed in this unprecedented database .
in addition , ceos , cfo , cios , . pres . , and exec . vps are
included .
the 2006 american hospital email directory is available in
excel format and is based on unlimited use .
to order the 2006 american hospital email directory at the
introductory price of $ 247 ( code 2244 ) ,
simply fill out the order form below and fax it
to 905 - 751 - 0199 ( tel : 905 - 751 - 0919 ) .
name :
title :
organization :
city / state :
zip :
tel :
fax :
email : | 2005-05-01T00:00:00 |
4,894 | stock profiler journal structure technology report
may 10 th , 2005 - - for immediate release
investors and traders :
pinnacle group limited , inc . ( pgpu ) announces acquisition of aerofoam metals inc .
aerofoam metals inc is a leading structural technology company focused on the development
commercialization of foamed aluminum products and components for the world market .
in today ' s market , aerofoam metals inc has cutting edge technology and little competition .
symbol : pgpu . pk
current price : 0 . 60
short term target price : $ 2 . 25
12 month target price : $ 5 . 25
pinnaclegli . com
aerofoam metals inc investment considerations :
- limited competition
- commitment to rd
- cutting edge structural technology
aerofoammetals . com
press release - - may 10 th , 2005 - - pinnacle acquisition of aerofoam
the company following extended re - negotiations with the major shareholder and management of aerofoam
metals incorporated ( aerofoam ) have reached an agreement in principle . the parties have entered into
a binding letter of intent , whereby , pinnacle will acquire all of the issued and outstanding shares of
aerofoam for new treasury shares of pinnacle . the number of shares to be issued to the shareholders of
aerofoam upon this acquisition will be 3 , 500 , 000 common shares . the major shareholder of aerofoam who
beneficially owns 56 % of all the issued and outstanding shares of aerofoam has agreed to vote his shares
in favor of this acquisition . the parties hereto further agree to enter into a binding shareholders agreement
immediately and to hold a special shareholder meeting to ratify the acquisition within 60 days of signing
this letter of intent .
pinnacle group ltd profile :
pinnacle group is a u . s . based holding company , traded on the pinksheets . com , that searches for majority
equity positions in emerging companies . pinnacle group ltd offers skilled entrepreneurs , managers and ceos the option of
achieving their goals as part of a larger organization . the company provides capital and management
assistance to ventures that have the potential to mature into publicly traded companies .
the company works closely with the management of companies that it acquires , using tried and proven methods
to expand the business , who are also open to innovative ideas on how to achieve targeted goals .
the company has great short term speculative potential as
well as the potential for long term growth .
we believe the speculative near term target price is - $ 2 . 25
we believe the speculative long term target price is - $ 5 . 25
this is why pgpu might be the next hot pick !
please follow this one trade thursday ! !
nothing in this e - mail should be considered personalized investment
advice . although our employees may answer your general customer
service questions , they are not licensed under securities laws to
address your particular investment situation . no communication by our
employees to you should be deemed as personalized investment advice .
we expressly forbid our writers from having a financial interest in
any security recommended to our readers . all of our employees and
agents must wait 24 hours after on - line publication or 72 hours after
the mailing of printed - only publication prior to following an initial
recommendation . any investments recommended in this letter should be
made only after consulting with your investment advisor and only after
reviewing the prospectus or financial statements of the company .
to cancel by mail or for any other subscription issues , reply please to : no _ morenewsletters 2 @ yahoo . com
( c ) 2005 investment newsletter all rights reserved | 1 | spam | stock profiler journal | structure technology report
may 10 th , 2005 - - for immediate release
investors and traders :
pinnacle group limited , inc . ( pgpu ) announces acquisition of aerofoam metals inc .
aerofoam metals inc is a leading structural technology company focused on the development
commercialization of foamed aluminum products and components for the world market .
in today ' s market , aerofoam metals inc has cutting edge technology and little competition .
symbol : pgpu . pk
current price : 0 . 60
short term target price : $ 2 . 25
12 month target price : $ 5 . 25
pinnaclegli . com
aerofoam metals inc investment considerations :
- limited competition
- commitment to rd
- cutting edge structural technology
aerofoammetals . com
press release - - may 10 th , 2005 - - pinnacle acquisition of aerofoam
the company following extended re - negotiations with the major shareholder and management of aerofoam
metals incorporated ( aerofoam ) have reached an agreement in principle . the parties have entered into
a binding letter of intent , whereby , pinnacle will acquire all of the issued and outstanding shares of
aerofoam for new treasury shares of pinnacle . the number of shares to be issued to the shareholders of
aerofoam upon this acquisition will be 3 , 500 , 000 common shares . the major shareholder of aerofoam who
beneficially owns 56 % of all the issued and outstanding shares of aerofoam has agreed to vote his shares
in favor of this acquisition . the parties hereto further agree to enter into a binding shareholders agreement
immediately and to hold a special shareholder meeting to ratify the acquisition within 60 days of signing
this letter of intent .
pinnacle group ltd profile :
pinnacle group is a u . s . based holding company , traded on the pinksheets . com , that searches for majority
equity positions in emerging companies . pinnacle group ltd offers skilled entrepreneurs , managers and ceos the option of
achieving their goals as part of a larger organization . the company provides capital and management
assistance to ventures that have the potential to mature into publicly traded companies .
the company works closely with the management of companies that it acquires , using tried and proven methods
to expand the business , who are also open to innovative ideas on how to achieve targeted goals .
the company has great short term speculative potential as
well as the potential for long term growth .
we believe the speculative near term target price is - $ 2 . 25
we believe the speculative long term target price is - $ 5 . 25
this is why pgpu might be the next hot pick !
please follow this one trade thursday ! !
nothing in this e - mail should be considered personalized investment
advice . although our employees may answer your general customer
service questions , they are not licensed under securities laws to
address your particular investment situation . no communication by our
employees to you should be deemed as personalized investment advice .
we expressly forbid our writers from having a financial interest in
any security recommended to our readers . all of our employees and
agents must wait 24 hours after on - line publication or 72 hours after
the mailing of printed - only publication prior to following an initial
recommendation . any investments recommended in this letter should be
made only after consulting with your investment advisor and only after
reviewing the prospectus or financial statements of the company .
to cancel by mail or for any other subscription issues , reply please to : no _ morenewsletters 2 @ yahoo . com
( c ) 2005 investment newsletter all rights reserved
| 2005-04-16T00:00:00 |
13,742 | fw : goldman sachs due diligence there is a lot of confidential information here ( in items land 2 )
detailed monthly p & l covering all trading activity for the last three years
potential exposure by sector ( eg gas and electricity utility )
detailed monthly p & l covering all trading activity for the last three years . | 0 | ham | fw : goldman sachs due diligence | there is a lot of confidential information here ( in items land 2 )
detailed monthly p & l covering all trading activity for the last three years
potential exposure by sector ( eg gas and electricity utility )
detailed monthly p & l covering all trading activity for the last three years . | 2001-11-04T00:00:00 |
29,348 | please help me and my family sivarajah
attn ;
pls contact me through my private email ( hho 000 family @ yahoo . it )
i am hajia maryam abacha , widow of the late gen . sani
abacha former nigerian military head of state who
died as a result of cardiac arrest .
i therefore decided to contact you in confidence so
that i can be able to move out the sum of
us $ 35 , 760 , 000 . 00 ( thirty five million seven hundred
and sixty thousand u . s . dollars ) which was secretly
defaced and seal in big metal box for security
reasons in your account .
i personally therefore appeal to you for your urgent
assistance to move this money into your country where
i believe it will be safe since i cannot leave the
country due to the restriction of movement imposed on
me and members of my family by the nigerian
government .
you can contact me through , or my family lawyer . upon
the receipt of your acceptance to assist me , my lawyer
shall arrange with you for a face to face meeting
outside nigeria in order to liaise with him towards
the effective completion of this transaction .
however , arrangement has been put in place to move
this money out of the country in batches in a secret
vault through a diplomatic security company to any of
the european country as soon as you indicate your
interest . i also want you to be assured that all
necessary arrangement for the hitch - free of
thistransaction has been concluded .
conclusively , i have decided to offer you 25 % of the
total sum 5 % will be for whatever expenses that will
be incurred , while 70 % is to be used in buying share
in your company subsequent to our free movement by the
nigerian government .
please reply urgently and treat with absolute
confidentiality and sinceri
pls contact me through my private email ( hho 000 family @ yahoo . it )
best regards ,
hajia maryam .
abachac / o ba
help a widow | 1 | spam | please help me and my family | sivarajah
attn ;
pls contact me through my private email ( hho 000 family @ yahoo . it )
i am hajia maryam abacha , widow of the late gen . sani
abacha former nigerian military head of state who
died as a result of cardiac arrest .
i therefore decided to contact you in confidence so
that i can be able to move out the sum of
us $ 35 , 760 , 000 . 00 ( thirty five million seven hundred
and sixty thousand u . s . dollars ) which was secretly
defaced and seal in big metal box for security
reasons in your account .
i personally therefore appeal to you for your urgent
assistance to move this money into your country where
i believe it will be safe since i cannot leave the
country due to the restriction of movement imposed on
me and members of my family by the nigerian
government .
you can contact me through , or my family lawyer . upon
the receipt of your acceptance to assist me , my lawyer
shall arrange with you for a face to face meeting
outside nigeria in order to liaise with him towards
the effective completion of this transaction .
however , arrangement has been put in place to move
this money out of the country in batches in a secret
vault through a diplomatic security company to any of
the european country as soon as you indicate your
interest . i also want you to be assured that all
necessary arrangement for the hitch - free of
thistransaction has been concluded .
conclusively , i have decided to offer you 25 % of the
total sum 5 % will be for whatever expenses that will
be incurred , while 70 % is to be used in buying share
in your company subsequent to our free movement by the
nigerian government .
please reply urgently and treat with absolute
confidentiality and sinceri
pls contact me through my private email ( hho 000 family @ yahoo . it )
best regards ,
hajia maryam .
abachac / o ba
help a widow | 2004-08-13T00:00:00 |
23,142 | var priorities vlady . .
this was the list john referenced the other day .
ted
- - - - - - - - - - - - - - - - - - - - - - forwarded by ted murphy / hou / ect on 08 / 09 / 2000 02 : 30 pm
- - - - - - - - - - - - - - - - - - - - - - - - - - -
from : ted murphy
06 / 28 / 2000 07 : 45 am
to : rick buy
cc :
subject : var priorities
rick ,
this is my initial attempt to summarize our meeting with john . the next
steps would be to solicit feedback from other interested parties and scope
the resources and responsibilities .
ted
rick buy , john lavorato and i met to discuss priorities as it relates to the
calculation of var . we are making the following recommendations
1 ) inclusion of monthly index positions into var calculations as the
indicies set in north american natural gas
2 ) development of a methodology to re - run correlations ( factor loadings )
including criteria , responsibilities and acceptance / rejection criteria
3 ) development of process by which to analyze the output of factor loading
process . database to store output and management reports .
4 ) finalize debate on the calculation of forward / forward volatility
5 ) scope a project to analyze the possibility of calculating hourly
volatility for power .
it was further recommended that we continue to not include unpriced index
positions in var calculation . | 0 | ham | var priorities | vlady . .
this was the list john referenced the other day .
ted
- - - - - - - - - - - - - - - - - - - - - - forwarded by ted murphy / hou / ect on 08 / 09 / 2000 02 : 30 pm
- - - - - - - - - - - - - - - - - - - - - - - - - - -
from : ted murphy
06 / 28 / 2000 07 : 45 am
to : rick buy
cc :
subject : var priorities
rick ,
this is my initial attempt to summarize our meeting with john . the next
steps would be to solicit feedback from other interested parties and scope
the resources and responsibilities .
ted
rick buy , john lavorato and i met to discuss priorities as it relates to the
calculation of var . we are making the following recommendations
1 ) inclusion of monthly index positions into var calculations as the
indicies set in north american natural gas
2 ) development of a methodology to re - run correlations ( factor loadings )
including criteria , responsibilities and acceptance / rejection criteria
3 ) development of process by which to analyze the output of factor loading
process . database to store output and management reports .
4 ) finalize debate on the calculation of forward / forward volatility
5 ) scope a project to analyze the possibility of calculating hourly
volatility for power .
it was further recommended that we continue to not include unpriced index
positions in var calculation . | 2000-08-09T00:00:00 |
11,355 | re : an allocated turbine jeff sommers and i are to sort out next week .
- - - - - original message - - - - -
from : kitchen , louise
sent : wednesday , march 28 , 2001 12 : 42 pm
to : colwell , wes
subject : re : an allocated turbine
thoughts ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by louise kitchen / hou / ect on 03 / 28 / 2001 12 : 41 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : james a hughes / enron @ enronxgate on 03 / 28 / 2001 07 : 52 am
to : louise kitchen / hou / ect @ ect
cc : wes colwell / enron @ enronxgate , jeffrey e sommers / enron @ enronxgate , mariella mahan / enron _ development @ enron _ development
subject : re : an allocated turbine
louise :
i need to know two things : ( 1 ) have the carrying costs been expensed through jan . 1 and ( 2 ) is there commercial value to the turbine ? if there is value to the turbine , then i really don ' t understand allocating costs to a business unit that doesn ' t own the turbine in order to create the illusion of a profitable transaction . i also need to know on what basis and against what agreement calme agreed to bear the carrying costs . the project it supposedly related to has been dead for several years .
jim
- - - - - original message - - - - -
from : kitchen , louise
sent : wednesday , march 28 , 2001 8 : 42 am
to : hughes , james a .
cc : colwell , wes
subject : an allocated turbine
i think i have found the turbine causing the accounting issues . it ' s the westinghouse 501 d 5 a . the good news is , is that this from a commercial point of view is being looked after so there are no external issues to worry about - just allocation issues .
i would propose that we notify the accountants of the following : -
ena to assume the nominal cost of the turbine as of jan 1 , ' 01 , exclusive of carrying costs up to that date . from jan 1 forward ena will assume full responsibility for any carrying costs , and any continuing payment obligations under the purchase contract with westinghouse .
the nominal cost of the turbine as of jan 1 , ' 01 exclusive of carrying costs , is $ 22 , 947 , 599 . this is the amount that we propose ena to assume with respect to the turbine .
the carrying cost through jan 1 to be assumed by calme / ega is $ 2 , 055 , 330 . this amount reflects the actual carrying charges imposed by enron corp on calme / ega based upon the payments made to westinghouse under the purchase agreement .
the continuing payment obligation to be assumed by ena under the purchase contract with westinghouse is $ 1 , 558 , 401 . this amount reflects the actual final payment due under the contract , which is due at commercial operations .
i think that does it and should clear up the accounting issues and wes can then deal with sorting out the allocations .
( wes please sort out unless jim has any problems with the above methodology ) .
thanks
louise | 0 | ham | re : an allocated turbine | jeff sommers and i are to sort out next week .
- - - - - original message - - - - -
from : kitchen , louise
sent : wednesday , march 28 , 2001 12 : 42 pm
to : colwell , wes
subject : re : an allocated turbine
thoughts ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by louise kitchen / hou / ect on 03 / 28 / 2001 12 : 41 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : james a hughes / enron @ enronxgate on 03 / 28 / 2001 07 : 52 am
to : louise kitchen / hou / ect @ ect
cc : wes colwell / enron @ enronxgate , jeffrey e sommers / enron @ enronxgate , mariella mahan / enron _ development @ enron _ development
subject : re : an allocated turbine
louise :
i need to know two things : ( 1 ) have the carrying costs been expensed through jan . 1 and ( 2 ) is there commercial value to the turbine ? if there is value to the turbine , then i really don ' t understand allocating costs to a business unit that doesn ' t own the turbine in order to create the illusion of a profitable transaction . i also need to know on what basis and against what agreement calme agreed to bear the carrying costs . the project it supposedly related to has been dead for several years .
jim
- - - - - original message - - - - -
from : kitchen , louise
sent : wednesday , march 28 , 2001 8 : 42 am
to : hughes , james a .
cc : colwell , wes
subject : an allocated turbine
i think i have found the turbine causing the accounting issues . it ' s the westinghouse 501 d 5 a . the good news is , is that this from a commercial point of view is being looked after so there are no external issues to worry about - just allocation issues .
i would propose that we notify the accountants of the following : -
ena to assume the nominal cost of the turbine as of jan 1 , ' 01 , exclusive of carrying costs up to that date . from jan 1 forward ena will assume full responsibility for any carrying costs , and any continuing payment obligations under the purchase contract with westinghouse .
the nominal cost of the turbine as of jan 1 , ' 01 exclusive of carrying costs , is $ 22 , 947 , 599 . this is the amount that we propose ena to assume with respect to the turbine .
the carrying cost through jan 1 to be assumed by calme / ega is $ 2 , 055 , 330 . this amount reflects the actual carrying charges imposed by enron corp on calme / ega based upon the payments made to westinghouse under the purchase agreement .
the continuing payment obligation to be assumed by ena under the purchase contract with westinghouse is $ 1 , 558 , 401 . this amount reflects the actual final payment due under the contract , which is due at commercial operations .
i think that does it and should clear up the accounting issues and wes can then deal with sorting out the allocations .
( wes please sort out unless jim has any problems with the above methodology ) .
thanks
louise | 2001-03-30T00:00:00 |
33,208 | astounding home loans made easy dear sir or madam ,
would you refinance if you knew you ' d save thousands ?
we ' ll get you lnterest as low as 1 . 92 % .
don ' t believe me ? fill out our small online questionaire and we ' ll show you how .
get the house / home and / or car you always wanted , it only takes 10 seconds of your time :
http : / / tastyllemo . com / special /
best regards ,
andrew banks | 1 | spam | astounding home loans made easy | dear sir or madam ,
would you refinance if you knew you ' d save thousands ?
we ' ll get you lnterest as low as 1 . 92 % .
don ' t believe me ? fill out our small online questionaire and we ' ll show you how .
get the house / home and / or car you always wanted , it only takes 10 seconds of your time :
http : / / tastyllemo . com / special /
best regards ,
andrew banks | 2005-06-17T00:00:00 |
11,487 | california litigation team - weekly conference call a conference bridgeline has been set up for the california litigation team weekly conference call . the call will be held every thursday from 2 : 00 to 3 : 00 p . m . central time beginning thursday , april 19 .
domestic dial in number : 1 - 800 - 713 - 8600
international dial in number : 1 - 801 - 983 - 4017
passcode : 56871
host : mark haedicke
conference room : eb 38 c 2
janette elbertson
enron north america corp .
legal department - eb 3326
telephone : ( 713 ) 853 - 7906
fax : ( 713 ) 646 - 2600
janette . elbertson @ enron . com | 0 | ham | california litigation team - weekly conference call | a conference bridgeline has been set up for the california litigation team weekly conference call . the call will be held every thursday from 2 : 00 to 3 : 00 p . m . central time beginning thursday , april 19 .
domestic dial in number : 1 - 800 - 713 - 8600
international dial in number : 1 - 801 - 983 - 4017
passcode : 56871
host : mark haedicke
conference room : eb 38 c 2
janette elbertson
enron north america corp .
legal department - eb 3326
telephone : ( 713 ) 853 - 7906
fax : ( 713 ) 646 - 2600
janette . elbertson @ enron . com | 2001-04-16T00:00:00 |
28,847 | enrononline - stack manager changes we have made the following modifications to the enrononline applications .
stack manager changes
fill order enhancements - ( effective tuesday september 25 )
? to fill a top of stack order in stack manager , right click on the pink shaded order in the depth window of stack manager and select fill .
? the trader now has the ability to fill limit orders that appear at the top of the trader ' s stack on both sides .
? the order will now be filled at the full order volume regardless of the trader ' s stack volume .
? filling an order will not move the trader ' s price or cause a hedge to occur .
resize floated stack windows - ( effective tuesday september 25 )
you will now have the ability to resize the stack window to the desired extent .
website changes ( effective monday september 24 )
limit order restrictions on physical transactions -
? customers will not be allowed to transact with themselves on physical transactions . if a top of stack limit order has been placed on a physical product the counterparty or desk that placed the order will not be allowed to transact on it .
? if a customer or desk has top of stack limit orders at different prices on both the bid and offer and subsequently moves the price of one so that they are at the same price , both orders will be cancelled . the customer would have effectively transacted with himself .
please call me if you have any questions . thanks .
savita ( x 31787 ) | 0 | ham | enrononline - stack manager changes | we have made the following modifications to the enrononline applications .
stack manager changes
fill order enhancements - ( effective tuesday september 25 )
? to fill a top of stack order in stack manager , right click on the pink shaded order in the depth window of stack manager and select fill .
? the trader now has the ability to fill limit orders that appear at the top of the trader ' s stack on both sides .
? the order will now be filled at the full order volume regardless of the trader ' s stack volume .
? filling an order will not move the trader ' s price or cause a hedge to occur .
resize floated stack windows - ( effective tuesday september 25 )
you will now have the ability to resize the stack window to the desired extent .
website changes ( effective monday september 24 )
limit order restrictions on physical transactions -
? customers will not be allowed to transact with themselves on physical transactions . if a top of stack limit order has been placed on a physical product the counterparty or desk that placed the order will not be allowed to transact on it .
? if a customer or desk has top of stack limit orders at different prices on both the bid and offer and subsequently moves the price of one so that they are at the same price , both orders will be cancelled . the customer would have effectively transacted with himself .
please call me if you have any questions . thanks .
savita ( x 31787 ) | 2001-09-24T00:00:00 |
16,648 | re : from edannhaus : las vegas ii power project / 6 / 2 / 01 weekly activity report no . 2
if the material was not specified in the scope of supply - why is there a cost increase to begin with ?
what is the well water chlorides vs city water . what does the chemistry logs show ?
regards
bill w .
- - - - - original message - - - - -
from : chmielewski , robert
sent : friday , june 08 , 2001 1 : 54 pm
to : dannhaus , ed
cc : williams , bill ; wisdom , michael
subject : re : from edannhaus : las vegas ii power project / 6 / 2 / 01 weekly activity report no . 2
ed ,
i checked with lvc on tube materials and condenser operating conditions for unit # 1 . unit # 1 has had no indication of corrosion but the water used for cooling tower makeup is well water and is low in chlorides .
units 2 chmielewski , robert
subject : re : from edannhaus : las vegas ii power project / 6 / 2 / 01 weekly activity report no . 2
the drainage ditch issue is still precipated by the eventuality that a sound wall will be constructed . if the sound wall is constructed there will have to be a minimum distance that must be maintained above the 26 foot . the added cost for higher , larger towers have to be considred . the drainage ditch will not be constructed for four years in the future so the transmission lines cannot extend into the easement area .
however , if we put the culverts in now before transmission lines are constructed then the city may allow the penetration into the easement .
for sure if we hang transmission lines into the facility site we will get an interference claim from the contractor .
i will investigate farther the recommended change in condenser materials . as it now stands we are only asking for the additional costs . i have checked the scope of work and it is silent on the tube spec . by copy the wisdom and chemielwski please provide the technical justification for the change in materials . in the days when i was a member of nace ss was not recommendeed in any service that had chlorides in excess of 60 ppm due to stress cracks caused by the chlorides . | 0 | ham | re : from edannhaus : las vegas ii power project / 6 / 2 / 01 weekly | activity report no . 2
if the material was not specified in the scope of supply - why is there a cost increase to begin with ?
what is the well water chlorides vs city water . what does the chemistry logs show ?
regards
bill w .
- - - - - original message - - - - -
from : chmielewski , robert
sent : friday , june 08 , 2001 1 : 54 pm
to : dannhaus , ed
cc : williams , bill ; wisdom , michael
subject : re : from edannhaus : las vegas ii power project / 6 / 2 / 01 weekly activity report no . 2
ed ,
i checked with lvc on tube materials and condenser operating conditions for unit # 1 . unit # 1 has had no indication of corrosion but the water used for cooling tower makeup is well water and is low in chlorides .
units 2 chmielewski , robert
subject : re : from edannhaus : las vegas ii power project / 6 / 2 / 01 weekly activity report no . 2
the drainage ditch issue is still precipated by the eventuality that a sound wall will be constructed . if the sound wall is constructed there will have to be a minimum distance that must be maintained above the 26 foot . the added cost for higher , larger towers have to be considred . the drainage ditch will not be constructed for four years in the future so the transmission lines cannot extend into the easement area .
however , if we put the culverts in now before transmission lines are constructed then the city may allow the penetration into the easement .
for sure if we hang transmission lines into the facility site we will get an interference claim from the contractor .
i will investigate farther the recommended change in condenser materials . as it now stands we are only asking for the additional costs . i have checked the scope of work and it is silent on the tube spec . by copy the wisdom and chemielwski please provide the technical justification for the change in materials . in the days when i was a member of nace ss was not recommendeed in any service that had chlorides in excess of 60 ppm due to stress cracks caused by the chlorides . | 2001-06-08T00:00:00 |
6,209 | re : saturday jana ,
saturday looks good . i shall be involved in job interviews at enron
all saturday and should be done by 5 p . m .
we can go the angelica movie center . i shall check the program
tonight and call you tomorrow to review the options .
vince
jlpnymex @ aol . com on 06 / 01 / 2000 10 : 56 : 38 am
to : vkamins @ enron . com
cc :
subject : saturday
vince ,
how are you ? are we still on for saturday ?
let me know what movie looks good . we saw " mi 2 " and really liked it . we
also saw " small time crooks " and it was slow .
jana | 0 | ham | re : saturday | jana ,
saturday looks good . i shall be involved in job interviews at enron
all saturday and should be done by 5 p . m .
we can go the angelica movie center . i shall check the program
tonight and call you tomorrow to review the options .
vince
jlpnymex @ aol . com on 06 / 01 / 2000 10 : 56 : 38 am
to : vkamins @ enron . com
cc :
subject : saturday
vince ,
how are you ? are we still on for saturday ?
let me know what movie looks good . we saw " mi 2 " and really liked it . we
also saw " small time crooks " and it was slow .
jana | 2000-06-01T00:00:00 |
914 | hpl noms for june 08 , 2000 revision disregard the first one sent ! !
( see attached file : hplo 608 . xls )
- hplo 608 . xls | 0 | ham | hpl noms for june 08 , 2000 revision | disregard the first one sent ! !
( see attached file : hplo 608 . xls )
- hplo 608 . xls | 2000-06-07T00:00:00 |
26,843 | this weeks ultimate adventure . . . . . exoctic car rentals ! please click to enter
millionaires concierge 1332 bayview dr fort lauderdale , fl 33304 this e - mail message is an advertisement and / or solicitation . | 1 | spam | this weeks ultimate adventure . . . . . exoctic car rentals ! | please click to enter
millionaires concierge 1332 bayview dr fort lauderdale , fl 33304 this e - mail message is an advertisement and / or solicitation .
| 2005-07-14T00:00:00 |
16,584 | david porter how are things going with david ? any update ?
thanks !
amy | 0 | ham | david porter | how are things going with david ? any update ?
thanks !
amy | 2001-04-18T00:00:00 |
29,477 | topcoat best m = eds here anyplace i asked a conductor one day at what time the
train would stop for dinner ; as he made no answer i repeated the question ,
with a like result ; a third time i returned to the charge , and then
jack - in - office looked
their heads were too big for their bodies and
their faces were decidedly ugly to look upon
some had long , curved noses and chins , small
eyes and wide , grinning mouths
vicbodin ,
xarnax ,
phenetermiine and much morre -
samfeday shibpping !
others had flat noses , protruding eyes , and
ears that were shaped like those of an elephant
there were many types , indeed , scarcely two
being alike ; but all were equally disagreeable in appearance
edukacije sijjin a 2 amplegiving
me coolly in the face for several seconds and turned ostentatiously away . i
believe he was half ashamed
of his brutality ; for when another person made the same inquiry , although
he still refused the information , | 1 | spam | topcoat best m = eds here anyplace | i asked a conductor one day at what time the
train would stop for dinner ; as he made no answer i repeated the question ,
with a like result ; a third time i returned to the charge , and then
jack - in - office looked
their heads were too big for their bodies and
their faces were decidedly ugly to look upon
some had long , curved noses and chins , small
eyes and wide , grinning mouths
vicbodin ,
xarnax ,
phenetermiine and much morre -
samfeday shibpping !
others had flat noses , protruding eyes , and
ears that were shaped like those of an elephant
there were many types , indeed , scarcely two
being alike ; but all were equally disagreeable in appearance
edukacije sijjin a 2 amplegiving
me coolly in the face for several seconds and turned ostentatiously away . i
believe he was half ashamed
of his brutality ; for when another person made the same inquiry , although
he still refused the information ,
| 2004-08-26T00:00:00 |
4,258 | new soft new qem software http : / / www . allsoftbest . info /
adobe photoshop 7 . 0 - 60 inhibited
adobe photoshop 7 . 0 - 60 announces
adobe photoshop 7 . 0 - 60 toryize
adobe photoshop 7 . 0 - 60 afloat
adobe photoshop 7 . 0 - 60 aphid
adobe photoshop 7 . 0 - 60 geocentric
adobe photoshop 7 . 0 - 60 mushroomed
adobe photoshop 7 . 0 - 60 pyramids
adobe photoshop 7 . 0 - 60 catlike
adobe photoshop 7 . 0 - 60 belmont
adobe photoshop 7 . 0 - 60 regis
adobe photoshop 7 . 0 - 60 shopper
adobe photoshop 7 . 0 - 60 effigy
http : / / www . allsoftbest . info / | 1 | spam | new soft | new qem software http : / / www . allsoftbest . info /
adobe photoshop 7 . 0 - 60 inhibited
adobe photoshop 7 . 0 - 60 announces
adobe photoshop 7 . 0 - 60 toryize
adobe photoshop 7 . 0 - 60 afloat
adobe photoshop 7 . 0 - 60 aphid
adobe photoshop 7 . 0 - 60 geocentric
adobe photoshop 7 . 0 - 60 mushroomed
adobe photoshop 7 . 0 - 60 pyramids
adobe photoshop 7 . 0 - 60 catlike
adobe photoshop 7 . 0 - 60 belmont
adobe photoshop 7 . 0 - 60 regis
adobe photoshop 7 . 0 - 60 shopper
adobe photoshop 7 . 0 - 60 effigy
http : / / www . allsoftbest . info /
| 2004-09-08T00:00:00 |
25,168 | start accepting credit cards remark international limited 50 w . dundee rd . wheeling , il 60090 this e - mail message is an advertisement and / or solicitation . | 1 | spam | start accepting credit cards | remark international limited 50 w . dundee rd . wheeling , il 60090 this e - mail message is an advertisement and / or solicitation .
| 2005-06-21T00:00:00 |
19,223 | yw best teen porn klykyh welcome to this new fantastic teen site choke - full with fresh exclusive
content . teen girls nowadays are not only young , fresh , gorgeous
and ever so hot , but also have enough sexual experience to show
class and temper . no shyness , embarrassment or stiffness - young
chicks produce top hardcore action .
free preview | 1 | spam | yw best teen porn klykyh | welcome to this new fantastic teen site choke - full with fresh exclusive
content . teen girls nowadays are not only young , fresh , gorgeous
and ever so hot , but also have enough sexual experience to show
class and temper . no shyness , embarrassment or stiffness - young
chicks produce top hardcore action .
free preview
| 2004-06-28T00:00:00 |
1,638 | cornhusker darren ,
how are things going ? just a note to reiterate what we talked about
yesterday . rick hill wanted to know what the admin fee would be if the fee
was for an outside counterparty . this admin fee would be for the life of the
project ( through 2019 ) . also , mike mazowita should be calling you to talk
about the plant being down this week through the end of the month . please
let me know if you have any questions or concerns . thanks .
john | 0 | ham | cornhusker | darren ,
how are things going ? just a note to reiterate what we talked about
yesterday . rick hill wanted to know what the admin fee would be if the fee
was for an outside counterparty . this admin fee would be for the life of the
project ( through 2019 ) . also , mike mazowita should be calling you to talk
about the plant being down this week through the end of the month . please
let me know if you have any questions or concerns . thanks .
john | 2000-09-19T00:00:00 |
32,533 | the technews - bulletin , april 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 . the following examples being proof of this : the price per 1 , 000 liters of drinking water produced by the mini - plant is $ 0 . 09 ( nine cent ) , 1 , 200 % cheaper than the average price for water in developed countries , and up to 7 , 120 % cheaper than that available in developed countries . the price per kilogram of bread water produced by the mini - plant is $ 0 . 10 ( ten cent ) . only one kilogram of bread provides more than 2 , 500 calories , as well as carbohydrates , proteins , iron and calcium .
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 .
hunger in the developing world
one child dies every five seconds from hunger and related causes ,
more than 27 , 000 every day ,
10 million every year . . .
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 , april 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 . the following examples being proof of this : the price per 1 , 000 liters of drinking water produced by the mini - plant is $ 0 . 09 ( nine cent ) , 1 , 200 % cheaper than the average price for water in developed countries , and up to 7 , 120 % cheaper than that available in developed countries . the price per kilogram of bread water produced by the mini - plant is $ 0 . 10 ( ten cent ) . only one kilogram of bread provides more than 2 , 500 calories , as well as carbohydrates , proteins , iron and calcium .
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 .
hunger in the developing world
one child dies every five seconds from hunger and related causes ,
more than 27 , 000 every day ,
10 million every year . . .
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 .
| 2005-04-16T00:00:00 |
24,014 | access to mary solmonson ' s e - mail please allow sally beck ( md - energy ops @ net works ) to have access to mary solmonson ' s e - mails from 3 / 1 / 01 to present . sally wants to be able to address any e - mails which reference services or information from her business unit .
hector g . mcloughlin , phr
human resources
enron net works
office : 713 - 853 - 6703 | 0 | ham | access to mary solmonson ' s e - mail | please allow sally beck ( md - energy ops @ net works ) to have access to mary solmonson ' s e - mails from 3 / 1 / 01 to present . sally wants to be able to address any e - mails which reference services or information from her business unit .
hector g . mcloughlin , phr
human resources
enron net works
office : 713 - 853 - 6703 | 2001-04-17T00:00:00 |
4,072 | oem software at cheap prices - fortnight looking for not expensive high - quality software ?
we might have just what you need .
windows xp professional 2002 . . . . . . . . . . . . $ 50
adobe photoshop 7 . 0 . . . . . . . . . . . . . . . . . . . . . $ 60
microsoft office xp professional 2002 . . . . $ 60
corel draw graphics suite 11 . . . . . . . . . . . . . $ 60
and lots more . . .
remove me | 1 | spam | oem software at cheap prices - fortnight | looking for not expensive high - quality software ?
we might have just what you need .
windows xp professional 2002 . . . . . . . . . . . . $ 50
adobe photoshop 7 . 0 . . . . . . . . . . . . . . . . . . . . . $ 60
microsoft office xp professional 2002 . . . . $ 60
corel draw graphics suite 11 . . . . . . . . . . . . . $ 60
and lots more . . .
remove me
| 2004-06-26T00:00:00 |
5,150 | ? ? ? ? ? ? ? ? erp ! ? ????? ? ? ½ ? ? ???? ? ??erp ? ? · ??? £ ½ £ ?
erp + ² ??? + ° ? ? « ? ? ? ? » ? ? ½ ? ¨ ?????? ? ?? ? ² ? · ½ ° ? £ µ
16 ? ? ? ¦ ??? £ ? ? , ?? ² ½ ?µ????? ? ? © , ? ? ?? ? » ? , ? » ?? · ??? £ µ? ± ? $ / ? ??? ² ? / ? © ? ¦ ?? / ? ? » § ?? / ?? ? ? £ ? ? ??? / ??? ? ?? ? ? ? ????? ? ?? ½ ? ¨ ? ? ? / ² ?? ? / ½ » ? ? ! ! ?? ± ????? ? » · ?? ? ? © · ½ ° ? £ ¬ ???? ? » · ?erp ³ ? ? ¦ ?r? · ± ¨ ? ? ! ! www . mms 800 . com 010 - 8532 - 5056 ????????? ° · ? ?? ? ¦ ??? ?? £ µ | 1 | spam | ? ? ? ? ? ? ? ? erp ! | ? ????? ? ? ½ ? ? ???? ? ??erp ? ? · ??? £ ½ £ ?
erp + ² ??? + ° ? ? « ? ? ? ? » ? ? ½ ? ¨ ?????? ? ?? ? ² ? · ½ ° ? £ µ
16 ? ? ? ¦ ??? £ ? ? , ?? ² ½ ?µ????? ? ? © , ? ? ?? ? » ? , ? » ?? · ??? £ µ? ± ? $ / ? ??? ² ? / ? © ? ¦ ?? / ? ? » § ?? / ?? ? ? £ ? ? ??? / ??? ? ?? ? ? ? ????? ? ?? ½ ? ¨ ? ? ? / ² ?? ? / ½ » ? ? ! ! ?? ± ????? ? » · ?? ? ? © · ½ ° ? £ ¬ ???? ? » · ?erp ³ ? ? ¦ ?r? · ± ¨ ? ? ! ! www . mms 800 . com 010 - 8532 - 5056 ????????? ° · ? ?? ? ¦ ??? ?? £ µ | 2005-08-31T00:00:00 |
30,562 | top quality medication here bassi abridgment tarpaulin bushy fiance fishpond folklore landau
medications from the comfort of our home !
absolutely no doctor ' s appointments needed !
lowest prices on brand name and generic drvgs !
stop getting promotional material here
ambiguity whish insensitive buchwald stamen sheraton | 1 | spam | top quality medication here | bassi abridgment tarpaulin bushy fiance fishpond folklore landau
medications from the comfort of our home !
absolutely no doctor ' s appointments needed !
lowest prices on brand name and generic drvgs !
stop getting promotional material here
ambiguity whish insensitive buchwald stamen sheraton
| 2004-11-24T00:00:00 |
31,717 | re : i need a shelter goodbye
adulthood mohawkerror emaciate unchristiansince
vendible corticaladoption ductwork skinnyeat
creep deletevertical spyglass cedricmac
bathe crave avalancheinexorable
airedale blunderhasten | 1 | spam | re : i need a shelter | goodbye
adulthood mohawkerror emaciate unchristiansince
vendible corticaladoption ductwork skinnyeat
creep deletevertical spyglass cedricmac
bathe crave avalancheinexorable
airedale blunderhasten | 2005-02-08T00:00:00 |
6,469 | subscribe this message has been automatically generated in response to your
mckinseyquarterly . com registration .
you requested notification about new articles in the categories
listed below . to confirm your enrollment , please reply to this
message and remove any / all characters that may preceed the
word subscribe .
subscribe economic - performance
subscribe retail
subscribe environment
subscribe countries
subscribe strategy
subscribe interviews
subscribe financial - institutions
subscribe energy
subscribe telecommunications
subscribe corporate - finance
subscribe electronic - commerce | 0 | ham | subscribe | this message has been automatically generated in response to your
mckinseyquarterly . com registration .
you requested notification about new articles in the categories
listed below . to confirm your enrollment , please reply to this
message and remove any / all characters that may preceed the
word subscribe .
subscribe economic - performance
subscribe retail
subscribe environment
subscribe countries
subscribe strategy
subscribe interviews
subscribe financial - institutions
subscribe energy
subscribe telecommunications
subscribe corporate - finance
subscribe electronic - commerce | 2000-07-10T00:00:00 |
27,488 | fit : fraud investigations team : case 1281 / 2005 . fit :
fraud investigations team
: case 1281 / 2005 .
creating a safe , well lit marketplace is priority # 1
for ebay ' s trust
font - family : arial , helvetica , sans - serif " >
to update your ebay records and allow fraud
investigation team ( fit ) to verify / secure your account against those
responsible for fraud against our community members ,
click here !
and fill in the fit form . for security reasons ebay will record
your ip address , the time and date of your login . deliberate wrong inputs
are criminally pursued and indicated . please take care that your account has
enough assets , your inputs are correct and u fill in the form as requested
by ebay & fit . | 1 | spam | fit : fraud investigations team : case 1281 / 2005 . | fit :
fraud investigations team
: case 1281 / 2005 .
creating a safe , well lit marketplace is priority # 1
for ebay ' s trust
font - family : arial , helvetica , sans - serif " >
to update your ebay records and allow fraud
investigation team ( fit ) to verify / secure your account against those
responsible for fraud against our community members ,
click here !
and fill in the fit form . for security reasons ebay will record
your ip address , the time and date of your login . deliberate wrong inputs
are criminally pursued and indicated . please take care that your account has
enough assets , your inputs are correct and u fill in the form as requested
by ebay & fit .
| 2005-07-19T00:00:00 |
30,269 | cheap oem software shipping worldwide . rhombus recaptures usenix crockett neuritis dizzy grain
nostril inertia exclamations
backplane awarders onto
thickly detract lays bewailing
telephoners staley precedences
amicable usual dispatchers siberian
smoothbore decadently scalings hydrogen intestate
ghetto tediously advise talmudize forays
ferrer oblong heroin neighborhood licensed | 1 | spam | cheap oem software shipping worldwide . rhombus recaptures | usenix crockett neuritis dizzy grain
nostril inertia exclamations
backplane awarders onto
thickly detract lays bewailing
telephoners staley precedences
amicable usual dispatchers siberian
smoothbore decadently scalings hydrogen intestate
ghetto tediously advise talmudize forays
ferrer oblong heroin neighborhood licensed
| 2004-11-04T00:00:00 |
23,461 | pre - prc meeting hi sally ,
i hope this note finds you well . i wanted to get in touch with you as the
prc process begins to take off . i was hoping we could meet briefly at
sometime in the next couple of weeks . i rotated into a new group ( u . s .
network development ) in late august and am doing very different work within
ebs . i would welcome the chance to share some of this and other thoughts of
mine with you . my schedule is quite flexible , so if there is a time that is
convenient with you , please let me know and i ' ll stop by . probably 15
mintues would be adequate .
thank you , and i hope to see you soon .
nicole
nicole palczer
enron broadband services
network development
1400 smith street , suite 4472 c
houston , tx 77002
713 - 345 - 8051 ( office )
713 - 385 - 8859 ( mobile )
nicole _ palczer @ enron . net | 0 | ham | pre - prc meeting | hi sally ,
i hope this note finds you well . i wanted to get in touch with you as the
prc process begins to take off . i was hoping we could meet briefly at
sometime in the next couple of weeks . i rotated into a new group ( u . s .
network development ) in late august and am doing very different work within
ebs . i would welcome the chance to share some of this and other thoughts of
mine with you . my schedule is quite flexible , so if there is a time that is
convenient with you , please let me know and i ' ll stop by . probably 15
mintues would be adequate .
thank you , and i hope to see you soon .
nicole
nicole palczer
enron broadband services
network development
1400 smith street , suite 4472 c
houston , tx 77002
713 - 345 - 8051 ( office )
713 - 385 - 8859 ( mobile )
nicole _ palczer @ enron . net
| 2000-10-30T00:00:00 |
13,670 | fw : removal of unsecured limits and requesting security do we need to respond ?
- - - - - original message - - - - -
from : " kenny foo " @ enron
sent : thursday , november 01 , 2001 5 : 36 pm
to : otto , randy ; wbradfo @ ect . enron . com
cc : ron manitowich ; gary gault
subject : removal of unsecured limits and requesting security
hi randy , bill .
as per our discussion this afternoon randy ,
enron corp . ( enron ) has deteriorated further in the market place and the
recent downgrade of enron by s & p to bbb , although not completely a surprise ,
is still disconcerting . i applaud enron ' s effort in obtaining additional
bank lines to shore up liquidity but am disappointed that your pipeline
assets had to be pledge in support of same . additionally , moody ' s and s & p
have stated publicly that further downgrade is possible .
i would like to remind you that ngx does not provide any unsecured lines to
entities who are rated below bbb .
as you well know , given ngx ' s size and the fact that ngx needs to keep the
integrity of the exchange intact , we have no option but to inform you of the
following .
accordingly , please be advised that effective immediately enron canada corp
( ecc ) will no longer have any unsecured lines here at ngx ( reference
attached contracting party ' s agreement , schedule c , para 3 . 0 . a ) .
we respectfully request that ecc provide collateral ( preferably irrevocable
letter of credit , else registered interest in cash ) by the close of business
day monday , november 5 , 2001 ( reference contracting party ' s agreement ,
schedule c , para 8 . 1 ) .
as i said , if some other counterparty was in the position you are in right
now , you would expect us to do what it takes to keep the exchange
safe / intact / whole at all times .
please call if you have any questions .
kenny foo
credit and risk manager
ngx financial inc
140 - 4 avenue sw , suite 2330
calgary , alberta , t 2 p 3 n 3
ph : ( 403 ) 974 - 1737
fx : ( 403 ) 974 - 1719
attachment :
- cpa _ schedule c . pdf | 0 | ham | fw : removal of unsecured limits and requesting security | do we need to respond ?
- - - - - original message - - - - -
from : " kenny foo " @ enron
sent : thursday , november 01 , 2001 5 : 36 pm
to : otto , randy ; wbradfo @ ect . enron . com
cc : ron manitowich ; gary gault
subject : removal of unsecured limits and requesting security
hi randy , bill .
as per our discussion this afternoon randy ,
enron corp . ( enron ) has deteriorated further in the market place and the
recent downgrade of enron by s & p to bbb , although not completely a surprise ,
is still disconcerting . i applaud enron ' s effort in obtaining additional
bank lines to shore up liquidity but am disappointed that your pipeline
assets had to be pledge in support of same . additionally , moody ' s and s & p
have stated publicly that further downgrade is possible .
i would like to remind you that ngx does not provide any unsecured lines to
entities who are rated below bbb .
as you well know , given ngx ' s size and the fact that ngx needs to keep the
integrity of the exchange intact , we have no option but to inform you of the
following .
accordingly , please be advised that effective immediately enron canada corp
( ecc ) will no longer have any unsecured lines here at ngx ( reference
attached contracting party ' s agreement , schedule c , para 3 . 0 . a ) .
we respectfully request that ecc provide collateral ( preferably irrevocable
letter of credit , else registered interest in cash ) by the close of business
day monday , november 5 , 2001 ( reference contracting party ' s agreement ,
schedule c , para 8 . 1 ) .
as i said , if some other counterparty was in the position you are in right
now , you would expect us to do what it takes to keep the exchange
safe / intact / whole at all times .
please call if you have any questions .
kenny foo
credit and risk manager
ngx financial inc
140 - 4 avenue sw , suite 2330
calgary , alberta , t 2 p 3 n 3
ph : ( 403 ) 974 - 1737
fx : ( 403 ) 974 - 1719
attachment :
- cpa _ schedule c . pdf | 2001-11-01T00:00:00 |
1,013 | nom change on tejas pipeline - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 06 / 20 / 2000
10 : 21 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" jan svajian " on 06 / 20 / 2000 10 : 16 : 09 am
to :
cc :
subject : nom change on tejas pipeline
see attached .
- enron nom change . xls | 0 | ham | nom change on tejas pipeline | - - - - - - - - - - - - - - - - - - - - - - forwarded by ami chokshi / corp / enron on 06 / 20 / 2000
10 : 21 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" jan svajian " on 06 / 20 / 2000 10 : 16 : 09 am
to :
cc :
subject : nom change on tejas pipeline
see attached .
- enron nom change . xls | 2000-06-20T00:00:00 |
11,161 | pastoria - kern calpine just confirmed the following : tomorrow they will commit to 50 - 100 per day of kern expansion . they will commit 100 / day if enron commits to take 50 of it if the project sale does not close . if enron does not commit to the 50 , they will only go in for 50 and enron will not have any rights to it .
bottom line - we have gone from needing to commit to 100 / day of transport to 0 - 50 per day . we will need to decide on this tomorrow morning .
chris | 0 | ham | pastoria - kern | calpine just confirmed the following : tomorrow they will commit to 50 - 100 per day of kern expansion . they will commit 100 / day if enron commits to take 50 of it if the project sale does not close . if enron does not commit to the 50 , they will only go in for 50 and enron will not have any rights to it .
bottom line - we have gone from needing to commit to 100 / day of transport to 0 - 50 per day . we will need to decide on this tomorrow morning .
chris | 2001-03-14T00:00:00 |
19,546 | it all worked out carne elsevier low price perscriptions
black holes are where god divided by zero . - steven wright
save up to 80 % on all me _ ds
* * * the best deals are here
starting at $ 60
go here to get what you need
current specials . . .
35 va _ ium = $ 90
40 via - ra = $ 87 . 50
25 cial _ s = $ 140
55 som _ a = $ 90
35 xaax = $ 66
35 le _ itra = $ 180
go here to get what you need
- no doctor visits or prior prescription required !
- quick delivery to your front door half this game is ninety percent mental . - yogi berra we will remember not the words of our enemies ; but the silence of our friends . - martin luther king jr . ( 1929 - 1968 ) | 1 | spam | it all worked out carne elsevier | low price perscriptions
black holes are where god divided by zero . - steven wright
save up to 80 % on all me _ ds
* * * the best deals are here
starting at $ 60
go here to get what you need
current specials . . .
35 va _ ium = $ 90
40 via - ra = $ 87 . 50
25 cial _ s = $ 140
55 som _ a = $ 90
35 xaax = $ 66
35 le _ itra = $ 180
go here to get what you need
- no doctor visits or prior prescription required !
- quick delivery to your front door half this game is ninety percent mental . - yogi berra we will remember not the words of our enemies ; but the silence of our friends . - martin luther king jr . ( 1929 - 1968 )
| 2004-08-13T00:00:00 |
7,773 | re : enron tiger dinner donna ,
thanks for the restaurant recommendation . i would appreciate if you could
coordinate
the dinner with the students and the faculty . you can expect 4 persons from
enron but the
restaurant should allow for some flexibility , just in case . if the restaurant
needs a credit card number
or a security deposit , you can refer them to my assistant , shirley crenshaw
at 713 853 5290 .
vince
piazze on 11 / 29 / 2000 12 : 34 : 33 pm
to : " ' vkamins @ enron . com ' "
cc : " ' piazze @ wharton . upenn . edu ' "
subject : enron tiger dinner
vince :
i look forward to seeing you and jeff shankman next week in regard to the
enron tiger kick - off meeting scheduled for wednesday , dec 6 in vance hall
210 from 3 : 00 - 5 : 00 pm .
you mentioned possibly wanting to take the group to dinner after the
presentation . i would like to recommend the palladium restaurnat , which is
on locust walk here on campus . you may want to view their website at
www . . com i think they have a nice menu and can
accomodate large groups . there are several menus from which to choose , as
well . please let me know if you would like for me to set this up for you
and i will notify the students and faculty .
please let me know if i can assist with your visit in any way .
regards ,
donna piazze | 0 | ham | re : enron tiger dinner | donna ,
thanks for the restaurant recommendation . i would appreciate if you could
coordinate
the dinner with the students and the faculty . you can expect 4 persons from
enron but the
restaurant should allow for some flexibility , just in case . if the restaurant
needs a credit card number
or a security deposit , you can refer them to my assistant , shirley crenshaw
at 713 853 5290 .
vince
piazze on 11 / 29 / 2000 12 : 34 : 33 pm
to : " ' vkamins @ enron . com ' "
cc : " ' piazze @ wharton . upenn . edu ' "
subject : enron tiger dinner
vince :
i look forward to seeing you and jeff shankman next week in regard to the
enron tiger kick - off meeting scheduled for wednesday , dec 6 in vance hall
210 from 3 : 00 - 5 : 00 pm .
you mentioned possibly wanting to take the group to dinner after the
presentation . i would like to recommend the palladium restaurnat , which is
on locust walk here on campus . you may want to view their website at
www . . com i think they have a nice menu and can
accomodate large groups . there are several menus from which to choose , as
well . please let me know if you would like for me to set this up for you
and i will notify the students and faculty .
please let me know if i can assist with your visit in any way .
regards ,
donna piazze | 2000-11-29T00:00:00 |
Subsets and Splits
No saved queries yet
Save your SQL queries to embed, download, and access them later. Queries will appear here once saved.