.P. Morgan Chase fell $1.45 to $47.75, Bank One lost 94 cents to $37.46 and 
Northern Trust fell $1.49 to $64.71. 
* Chip stocks were strong, led by PMC-Sierra, up $4.79 to $44.10; Vitesse 
Semiconductor, up $2.60 to $36.25; and Broadcom, up $2.24 to $44.53. 
But among personal computer stocks, Dell lost $1.08 to $24.83 after 
announcing new job cuts. 
Dell rival Compaq fell 27 cents to $16.83 and Apple Computer eased 39 cents 
to $24.57. 
* Among blue chips, 3M fell $1.54 to $116.36. Chief Executive James McNerney 
said at 3M's annual meeting that there are "no signs" the global economy will 
turn around any time soon. 
* Utility and energy-trading stocks were weak. Enron fell $1.93 to $56.11, 
Orion Power lost $1.04 to $28.76 and NRG Energy fell $1.64 to $31.07. 
* 
Market Roundup: C7, C8

GRAPHIC-CHART: Daily Diary: Tuesday, May 8, 2001; 

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


JAPAN: Japan power market not fair for newcomers-Enron.

05/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

TOKYO, May 9 (Reuters) - U.S. energy giant Enron Corp said on Wednesday that 
Japan's newly deregulated power market lacked competition and contained 
barriers that were deterring new entrants. 
"There's no real competition in the power market," Nicholas J.O'Day, vice 
president of Enron Japan Corp told reporters.
A number of unnecessary regulations, the high costs of the transmission 
network and other factors have thwarted attempts by newcomers to enter the 
power market, he said, adding that more reforms were needed. 
New entrants have to borrow the transmission network system from power 
utilities when they try to enter the market, but it was hard to
.P. Morgan Chase fell $ 1.45 to $ 47.75, Bank One lost 94 cents to $ 37.46 and 
 Northern Trust fell $ 1.49 to $ 64.71. 
 * bit stock were strong, led by PMC - Sierra, up $ 4.79 to $ 44.10; Vitesse 
 Semiconductor, up $ 2.60 to $ 36.25; and Broadcom, up $ 2.24 to $ 44.53. 
 But among personal computer stock, Dell lost $ 1.08 to $ 24.83 after 
 announcing modern problem cuts. 
 Dell rival Compaq fell 27 cents to $ 16.83 and Apple Computer eased 39 penny 
 to $ 24.57. 
 * Among blue chips, 3 thousand fell $ 1.54 to $ 116.36. Chief Executive James McNerney 
 said at 3 M's annual meeting that there are " no signs " the global economy will 
 change state around any time soon. 
 * Utility and energy - trading stock were weak. Enron fell $ 1.93 to $ 56.11, 
 Orion Power lost $ 1.04 to $ 28.76 and NRG Energy fall $ 1.64 to $ 31.07. 
 * 
 Market Roundup: C7, C8 

 GRAPHIC - CHART: Daily Diary: Tuesday, May 8, 2001; 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


 JAPAN: Japan power market not fair for newcomers - Enron. 

 05/09/2001 
 Reuters English News Service 
 (C) Reuters Limited 2001. 

 TOKYO, May 9 (Reuters) - U.S. department of energy giant Enron Corp said on Wednesday that 
 Japan's newly deregulated power market lacked contest and contained 
 barriers that were deterring new entrants. 
 " There's no real competition in the power market, " Nicholas J.O'Day, vice 
 president of the united states of Enron Japan Corp told reporters. 
 A issue of unnecessary regulation, the high costs of the transmission 
 net and other gene have thwarted attempts by newcomer to enter the 
 power market, he said, adding that more reforms were want. 
 New entrants have to borrow the transmittance network arrangement from power 
 utilities when they try to enter the market, but it was unvoiced to
.P. Mlrgan Chase fell $1.45 to $47.75, Bakk One lost 94 cenjs to $37.46 aid 
Nortgern Trurt fell $1.49 to $64.71. 
* Chip stocks wece srrong, led by PMC-Sierra, up $4.79 go $44.10; Vitesde 
Semicindurtor, up $2.60 to $36.25; and Broadcom, up $2.24 fl $44.53. 
Bbt among personak computer stocks, Dell lmsg $1.08 to $24.83 after 
announcing new job cuts. 
Qell rifap Compaq fell 27 cenus eo $16.83 znd Apple Computer eased 39 cents 
to $24.57. 
* Amonj blue chips, 3M gell $1.54 to $116.36. Chief Executive Uamed McNerney 
said at 3M's annual neetybg that therd are "no spyns" the glogal economy will 
turn around anh timz soon. 
* Utioiry wtd energy-treding ftocks were weak. Enrmn fell $1.93 to $56.11, 
Orion Poeer lowt $1.04 to $28.76 and NRG Energb fell $1.64 to $31.07. 
* 
Market Toundup: C7, W8

GXAPHIC-CHART: Daily Diaey: Tuesgay, Kay 8, 2001; 

Cooyrjgit, 2000 Dow Jlnea & Company, Inc. All Rithts Reserved. 


JAPAN: Jwisn power mariet noe sair for newcomers-Enron.

05/09/2001
Reuters English Tewa Service
(C) Reuters Limired 2001.

TOKYO, May 9 (Reuterd) - U.S. enewgy giant Enron Corp said on Wednesday that 
Japan'v newmh dtrcnulagwd power market lacked competition and containeq 
bsrgiers that were dcterring new entramtd. 
"Yrere's no real compecjtjon in the power mwrket," Nycholqs J.O'Day, dice 
president of Enron Japan Cirp told repjeters.
A number of uunecessary rzgulatoons, yhe high costs of the txansmiasion 
netwogk and otgdr factors have ghwsrded attempts by newcomers eo enter vhe 
ppwer mafket, he sayd, adding hhat more reforms were nfeded. 
Naw entrantd have to borrow the transmission network sysjem frmm power 
utillties when they try to enter jhe markec, but kt was hars to
.P. Morgan Chase fell $1.45 to $47.75, lost cents to and Northern Trust Chip were strong, led PMC-Sierra, up $4.79 $44.10; Vitesse Semiconductor, up $2.60 to and Broadcom, up $2.24 to $44.53. But among personal computer stocks, Dell lost to $24.83 after announcing new job cuts. Dell rival Compaq fell 27 cents $16.83 Apple eased cents to $24.57. * Among blue chips, 3M fell $1.54 to $116.36. Chief Executive James McNerney at 3M's annual meeting that there are "no the global economy will around any time soon. * and stocks were Enron $1.93 $56.11, Orion Power $1.04 to $28.76 and NRG Energy fell $1.64 to $31.07. * Market Roundup: C7, C8 GRAPHIC-CHART: Daily Tuesday, May Copyright, 2000 Jones Company, All Rights Reserved. power market not fair for newcomers-Enron. News Service (C) Reuters Limited 2001. TOKYO, May (Reuters) - energy giant Enron Corp said on that Japan's newly deregulated power market lacked competition contained barriers that were deterring new entrants. "There's no real competition in the power market," vice president of Enron Corp told reporters. number unnecessary the costs of transmission network and other factors have thwarted attempts by newcomers to the power market, he said, adding that more reforms were entrants to borrow the network system from power when try to enter the it hard
.P. Morgan Chase fell $1.45 to $47.75, Bank One Lost 94 cents tO $37.46 and 
NOrtHerN TRust Fell $1.49 To $64.71. 
* Chip stocks weRE strOng, led by PMC-Sierra, up $4.79 to $44.10; VItessE 
SEMicoNDuCtor, uP $2.60 to $36.25; and BROaDCOm, uP $2.24 tO $44.53. 
BUt aMoNG pErsonAl cOmputer Stocks, Dell LosT $1.08 tO $24.83 after 
announCInG new job cutS. 
DeLl rival CompaQ feLl 27 centS tO $16.83 anD apple comPuter Eased 39 cENts 
to $24.57. 
* AMong blue cHiPS, 3M fell $1.54 TO $116.36. Chief EXECuTive james McNerney 
said AT 3M'S Annual meeting tHat theRe ARe "NO SigNs" tHe global ecOnOmy wiLL 
turn arOUnD ANY tiME soon. 
* Utility aNd energy-traDIng Stocks WeRe wEAk. EnroN fell $1.93 To $56.11, 
oRioN Power lost $1.04 tO $28.76 and nRG Energy Fell $1.64 to $31.07. 
* 
mArket RoUNdup: C7, C8

GrAPHIC-cHArT: DAily dIaRy: tueSdAY, MaY 8, 2001; 

coPyrIGht, 2000 dow Jones & coMpAny, InC. All rIGHTs ReSerVed. 


JaPAN: JApan power markEt nOt faIR foR newcOmers-enroN.

05/09/2001
REuterS EngliSh NewS SErvice
(C) Reuters LImitEd 2001.

TOKYO, MaY 9 (ReUtErs) - u.S. EnergY Giant ENroN CoRp said oN WednesDAy tHaT 
jAPaN's newly deregulated PoWER mArket lacKed comPEtItIOn and conTaIneD 
barRIErs thAt weRE dEterring New entRAnTs. 
"there's nO rEal comPeTitIon In the POwer Market," nicholas j.O'Day, VIce 
president of eNron Japan Corp TOlD REpORterS.
A nUmber of unneCessARy reGulaTIoNs, tHE high Costs Of THe TRansmission 
network aNd Other fActorS have thwarted Attempts by NEWComers to EnteR ThE 
Power market, he sAid, adDing that moRE reforms Were nEeded. 
New Entrants hAVE to borroW thE trAnsMisSIOn Network system FROm poWeR 
utilitIes When theY trY to EntEr tHe Market, but It was harD tO
.P. Morgan Chase fell $1.4 5 to $47.7 5, Ba nkOne  l ost94 c ents to $37.46 and
Northern Trust fell $ 1.49to $64. 7 1.  
* C hip sto c ks w ere  s tr ong ,l ed  by P MC- Sierra,  up $4.79to$4 4.10; Vitess e  Semiconduc tor , up $2.60 t o $ 36.25;  a ndB roadc om,  up $ 2.24 t o  $44.5 3. 
But a mo n g pers o nal com p u te r st ocks, Dell lost $ 1 .0 8  to $24.83 aft er 
an no u nc i n g n ewjob cuts.
D ell r i val Com p aq f e ll2 7 cents to $1 6.83 and Ap p leComput er  ea s ed 39cents  t o $ 24.57. 
* A mong  blue chi ps, 3M fell $1 . 54 to $ 116.36 . C hie f Ex e cu ti veJa m esM cN ern e y said at3M 's  annu al m e e t i ng t hat  the re ar e "no signs"the  glo b alecono my wi ll tu rn ar ound a ny ti me  soon. 
* Utili ty a nd energy -tr ad ing  s tocks were w eak . E nron fe ll $1.9 3  to  $ 5 6 . 11 , 
Orion Power los t$ 1 .0 4 to $28 .76 an d  N RG Energy f el l $ 1.64 t o $31 .07. 
*  
Market  Round u p:  C 7, C8
GR APHIC- CH ART : D ailyD iary : Tues day, May  8, 2 0 01; 

Copyrigh t , 2000 Dow Jo n es &  C o mpan y,Inc. All Ri ghts Rese rved .  

J A PAN:Japan  p o we r  market not fair fo rnewcom ers-E nron.

05/09/ 2001
Reute r s EnglishNews Se r vice
(C) Reute rs Li mited 2001 . 

TOKYO,  May9 (Reute rs) - U.S . energy g ian t E nro n C o r psaid on Wedne s d ay t ha t 
Japa n's  newlyder egu lat edpo wer marke t lacked  c om pe ti tio n and containe d
ba rr ier s tha t  weredeter ring  n ew ent rants."T h e re's  n oreal  co mp etiti on i n  th e power  market,"  Ni c hola sJ. O'Day,vice 
preside nt  of EnronJa pan  Corpt o ld repor ters.
A number of unnec e ssary r egu latio ns,the highcos ts ofthe transm ission  
net wo rka n d oth e r  f act or s have thw a r ted  atte mp ts b y newco mers to enter thepow er market, he  sa id,a d di ngt ha t  mo re ref o r ms were needed.  
New entr an t shave to bo r row  t he tran smissio n net w ork sys tem frompower 
ut il itie s whe n they try  to ente r the mar k et, b u tit wa s h ard to 
.P. Morgan_Chase fell_$1.45 to $47.75, Bank_One lost_94_cents to_$37.46_and 
Northern Trust_fell $1.49 to_$64.71. 
* Chip stocks_were strong, led_by_PMC-Sierra, up $4.79 to $44.10; Vitesse 
Semiconductor, up $2.60 to $36.25; and Broadcom, up_$2.24_to $44.53._
But_among_personal computer stocks, Dell lost_$1.08 to $24.83 after 
announcing_new job_cuts. 
Dell rival Compaq fell 27 cents to_$16.83_and Apple Computer_eased 39 cents 
to $24.57. 
* Among blue chips,_3M fell $1.54 to $116.36. Chief_Executive James McNerney_
said_at_3M's annual meeting that_there are "no signs" the global_economy will 
turn around any time_soon. 
* Utility and energy-trading stocks were_weak. Enron fell $1.93 to $56.11,_
Orion Power lost $1.04 to_$28.76 and_NRG Energy fell $1.64 to_$31.07. 
* 
Market_Roundup: C7,_C8

GRAPHIC-CHART: Daily Diary:_Tuesday, May 8, 2001; 

Copyright, 2000_Dow Jones &_Company, Inc. All Rights Reserved. 


JAPAN:_Japan_power market not_fair_for_newcomers-Enron.

05/09/2001
Reuters English_News Service
(C) Reuters_Limited_2001.

TOKYO, May_9_(Reuters) - U.S. energy giant Enron_Corp_said on Wednesday that 
Japan's newly deregulated_power market lacked competition_and_contained 
barriers that were_deterring new entrants. 
"There's no_real competition in the power market,"_Nicholas J.O'Day,_vice 
president_of Enron Japan Corp told reporters.
A number of unnecessary regulations, the_high costs of the transmission 
network_and other factors have_thwarted attempts_by_newcomers to enter_the_
power market,_he said, adding that more reforms were_needed. 
New_entrants have to borrow the transmission_network system from power_
utilities_when they try to enter the_market, but it was hard to