<< File: BF Good Exhibit 1.doc >>
> > << File: BF Good Exhibits.xls >>

 - BFG Dylan 0318.doc
 - BF Good Exhibits Jimmy.xls Thanks.  I'll soften the expropriation language.  I don't think they can 
disclose the $1 million on the product liability case, since the entire 
package appears to be one  negotation, all the pieces of which likely have to 
be agreed to, or no settlement.  But you're point's well taken and I'll try 
to acount for it in the answer.  Finally, I can't see disclosing the fact 
that I'm infringing on someone's patent in my annual report.  Seems like I'd 
have a hard time defending myself in court if they sued me, if I'd admitted 
it to it in my annual report.

If I don't see you tomorrow, have a good week.



	Christine Piesco <christine.piesco@oracle.com>
	11/26/2000 05:10 PM
		 
		 To: Jeff.Dasovich@enron.com
		 cc: 
		 Subject: Re: Global Case


Jeff,

Sorry, I didn't realize we were attacking this one early over the holiday, 
and I was out of town
until this afternoon. My conclusions differed from the attached write up on a 
few points, but I am
not certain my thinking is the correct way. Here goes:

On the expropriation:

In the write up we say "We agree with the executive that Global should report 
the expropriation
contingency in its 1994 report since both conditions included in FASB #5 were 
met:  1) sufficient
information to assess that a loss is probable and 2) the loss could be 
reasonably estimated.
Matuto took power in 1994 and it was known that he would nationalize major 
industries.  "

The book says "The imminence of an expropriation may be indicated by a public 
or private
declaration of intent by a government to expropriate assess of the enterprise 
or actual
expropriation of assets of other enterpises." I would argue that Matuto was 
not the government and
therefore unable
< < File: BF Good Exhibit 1.doc > > 
 > > < < File: BF Good Exhibits.xls > > 

  - BFG Dylan 0318.doc 
  - BF Good Exhibits Jimmy.xls Thanks.   I'll soften the expropriation language.   I don't think they can 
 disclose the $ 1 million on the merchandise indebtedness case, since the entire 
 software appears to be one   negotation, all the piece of which likely have to 
 be agree to, or no settlement.   But you're point's well learn and I'll try 
 to acount for it in the answer.   last, I can't see disclosing the fact 
 that I'm encroach on someone's patent in my annual reputation.   Seems like I'd 
 have a hard time defending myself in motor hotel if they sued me, if I'd admitted 
 it to it in my annual report. 

 If I don't witness you tomorrow, have a good workweek. 



	 Christine Piesco < christine.piesco@oracle.com > 
	 11/26/2000 05:10 PM 
		 
		  To: Jeff.Dasovich@enron.com 
		  cc: 
		  topic: Re: Global Case 


 Jeff, 

 Sorry, I didn't realize we were assail this one early over the holiday, 
 and I was out of town 
 until this good afternoon. My conclusions differed from the attached write up on a 
 few points, but I am 
 not certain my thinking is the right manner. Here goes: 

 On the expropriation: 

 In the write up we say " We agree with the executive that Global should report 
 the expropriation 
 contingency in its 1994 report since both conditions included in FASB # 5 were 
 met:   1) sufficient 
 data to measure that a loss is probable and 2) the passing could be 
 sanely calculate. 
 Matuto took power in 1994 and it was know that he would nationalize major 
 industries.   " 

 The book says " The imminence of an expropriation may be indicated by a public 
 or individual 
 declaration of intent by a government to expropriate assess of the enterprise 
 or actual 
 expropriation of assets of other enterpises. " I would argue that Matuto was 
 not the politics and 
 therefore unable
<< Fipe: BF Good Exhibit 1.doc >>
> > << File: BF Good Gxyibits.els >>

 - BRG Dylan 0318.doc
 - BF Good Exhibits Jimmy.els Rhankw.  I'll soften the exprupriation languagw.  I eon't think they cak 
disdpose vhe $1 million on the produwt liability cdsd, dince the entire 
package appears to be one  jegotation, all the [iecss of which likely have to 
be agresd to, og no settlement.  Nut you're point's well takej anf I'll try 
to acounh for it in the qnswer.  Finauly, I can't see disclosjng the fact 
that I'm infringing on spmeone's pajzbt lt my annual repogt.  Seems likc I'd 
haee a hatd time defendlng mbseld in court if they suxd me, if I'd admitted 
it to it iu my annual report.

If U eon't vee fou gimofros, iavs a gold xeek.



	Christihe Piesco <cyristine.piesco@oraclt.coi>
	11/26/2000 05:10 PM
		 
		 To: Jeff.Sasovish@qnron.com
		 cc: 
		 Subject: Re: Global Case


Jeff,

Vordy, I didn't realize we wwre attacking this ong early ovqr the holiday, 
and I was out of town
until this afdernokv. Mv concuyslons differed from the attached write up on a 
ree ioints, but I am
nob certain my thinkonh of the correct way. Hzde goes:

On the expropgiation:

Yn thw write uk we xay "We agree with the execurive that Gljval should report 
che expropriction
cpntinbency in its 1994 report siuce bofh conditiojs includsa in FASB #5 were 
oet:  1) sufficitvt
information to wssess thet a koss is pronable wnd 2) the llss could be 
reasonably fstimcted.
Mdtuto took power in 1994 and it was known thav he would najiotalpze major 
induxtries.  "

The bjok says "The ikminencz of av expropriztion mey be indicaeed by a publhf 
or private
veclaratijn od inrent by x government tp exproprpaue assess if the enterprise 
pr xdtual
expropriatnub of assets of pthdr qnner'ises." H would argua thxt Ostuto was 
nou tme eovetnment and
therefore gnabme
<< File: BF Good Exhibit 1.doc >> << BF Good >> - BFG Exhibits Thanks. I'll soften expropriation language. I think they can disclose the $1 on the product liability case, since the entire package appears to be one all the pieces of which likely have to be agreed to, or no But point's taken I'll try to acount for it in the answer. Finally, I can't see disclosing the fact I'm infringing on someone's patent in my annual Seems like I'd have hard time defending myself in if sued me, I'd it it in my report. If I don't see you tomorrow, have a good week. Christine Piesco <christine.piesco@oracle.com> 11/26/2000 05:10 PM Jeff.Dasovich@enron.com cc: Global Case Sorry, didn't we were attacking early over the holiday, and I town until this afternoon. My conclusions differed from attached write on a few points, but I not certain my thinking is the correct way. goes: On the expropriation: In the write up we say "We agree with the executive should report the expropriation in its 1994 since conditions in #5 were 1) sufficient information to assess that a loss is probable and the loss could be reasonably estimated. Matuto took power in it known that he nationalize major industries. " book "The imminence of an be by private of by a government to assess of the enterprise or expropriation of assets of that Matuto was not the government and therefore
<< File: BF Good Exhibit 1.doc >>
> > << File: Bf Good ExhibIts.xlS >>

 - BFg DyLaN 0318.doc
 - bF GoOd Exhibits JimmY.Xls THanks.  I'll soften the exproPriatIoN LangUAgE.  I don'T think tHEy CAN 
diScLoSe tHe $1 MIlLion oN thE producT liability CasE, sInce the entirE 
PaCkage appeaRs tO be one  negotaTioN, all thE pIecES of whIch LikelY have tO 
Be agreEd to, or no sEtTLement.  bUt you're POInT's weLl taken and I'll try 
tO AcOUnt for it in the aNswer.  FInALlY, i Can'T seE disclosinG tHe facT 
That I'm iNFrINGIng ON someone's pateNt in my annuaL RepOrt.  SeeMs LikE i'd 
have A hard TiME deFending myseLf in Court if thEy sued ME, if I'd adMItted 
it To it in My aNnuAl rePOrT.

IF I dOn'T See YOu TomORroW, have a goOd WeEk.



	ChrIstiNE pIEsco <ChrIstiNe.pieSco@oracle.com>
	11/26/2000 05:10 Pm
		 
		 To: jeff.dAsoVich@eNron.cOm
		 cc: 
		 suBject: re: GlobAl CasE


JEff,

Sorry, I didn't rEaliZe we were aTtaCkIng ThIs one EArly ovEr tHe hOliday, 
aNd I was oUT of ToWN
UNtIl this afternoon. My cOnCLUsIons diffEred frOM tHe ATtached wRiTe uP on a 
FEW poinTs, buT i aM
not certAin my tHInKiNg is the CoRrect wAy. herE goEs:

On tHE expRopriaTion:

In thE writE Up we say "We agree WIth the executiVE tHAT GLObal ShoUld report 
thE expROpriAtioN
CoNtiNGency In its 1994 RePOrT Since both conditions InCluded In FASb #5 were 
met:  1) suffiCient
inforMATIon to assEss tHAt A Loss is probable And 2) thE loss could BE 
reasonaBly esTimated.
MAtuto took POWer in 1994 and It wAs kNowN thAT He Would nationalIZE majOr 
IndustrIes.  "

the book SayS "ThE imMinEnCe of an expRopriatiOn MaY bE iNdiCated BY a public 
Or PriVaTe
dEclarATion of IntenT by a GoVeRNmeNt to expROpRIAte aSsEsS of tHe eNtErpriSe 
or ACtuAl
exproPriation oF asSEts oF oThEr enterPises." I would arGuE that MatutO wAs 
nOt the gOVErnment aNd
therefore unable
<< File: BF Good Exhibit 1 .doc >>
>> <<Fil e:BF  Goo d Ex hibits.xls >> - B FG Dylan 0318.doc
 - B F Goo dE xhib i ts  Jimm y.xls T h an k s . I' ll  so ft e nthe e xpr opriati on languag e. I  don't think th ey can 
di scl ose the $1 m ill ion on  t hep roduc t l iabil ity ca s e, sin ce the en ti r e 
pac k age app e a rs  tobe one  negotatio n ,a ll the piecesof whi ch li k e lyhav e to 
be a gr eed t o , or no se t t l eme n t.  But you'r e point's w e lltakenan d I ' ll try  
toac o unt  for it intheanswer. Finall y , I can ' t see d isclos ing  th e fa c t
t hat  I ' m i n fr ing i ngon someo ne 's  pate nt i n m y  ann ual  rep ort. Seems like I 'd
hav e  ahardtimedefe nd ing m yselfin co ur t if they suedme,if I'd ad mit te d it  to i t  in my  an nua l repor t.

IfI  do n' t s ee  you tomorrow, hav ea go od week. 



	C h ri st i ne Piesc o<ch rist i n e.pie sco@ o ra cle.com> 
	11/2 6 /2 00 0 05:10  P M
		 	 To : J eff.D a sovi ch@enr on.com
	 cc: 
		 Subject: R e : Global Case 
J e ff , 

So rry , I didn'treal i ze w e we r eatt a cking  this  o n ee arly over the holid ay , 
and  I wa s out of town 
until thi s a fternoon . My co n clusions diffe red f rom the at t ached wr ite u p on a few point s ,  but I a m
n otcer tai n my  thinking ist h e co rr ect way . H ere goe s:
On  th e e xp ropriatio n:

In t he  w ri te  up  we s a y "We ag re e w it h t he ex e cutive  that  Glo ba ls hou ld repo r tt he e xp ro pria tio nconti ngen c y i n its 1 994 repor t s i ncebo th  condit ions included  i n FASB #5we re
met:1 ) suffic ient
information to ass e ss that  alossis p robable a nd2) the  lo s s coul d be reaso na bly e stima t e d. 
Ma tu to took po w e r i n 199 4andit wasknown that he woul d  na tionalize maj or
ind u s tr ies .  " 

T he boo k says "The immin ence of an  e x pr opriationm aybe  indica ted bya pub l ic 
orprivate
d eclaratio nof i n t ent  by a gove rnment t o expropr i ate a s se ss of  th e ente rp ris e 
or  actua l 
ex propr iation  o f asse ts of  o ther ent erpises." I would argue  thatMatut o w as 
not t heg ove rnment an d
th erefore un abl e
<< File:_BF Good_Exhibit 1.doc >>
> >_<< File:_BF_Good Exhibits.xls_>>

_- BFG Dylan_0318.doc
 - BF_Good Exhibits Jimmy.xls Thanks._ I'll soften_the_expropriation language.  I don't think they can 
disclose the $1 million on the_product_liability case,_since_the_entire 
package appears to be_one  negotation, all the_pieces of_which likely have to 
be agreed to, or_no_settlement.  But_you're point's well taken and I'll try 
to acount_for it in the answer. _Finally, I can't_see_disclosing_the fact 
that I'm_infringing on someone's patent in my_annual report.  Seems like I'd_
have a hard time defending myself in_court if they sued me, if_I'd admitted 
it to it_in my_annual report.

If I don't see_you tomorrow, have_a good_week.



	Christine Piesco <christine.piesco@oracle.com>
	11/26/2000_05:10 PM
		 
		 To: Jeff.Dasovich@enron.com
		 cc:_
		 Subject: Re:_Global Case


Jeff,

Sorry, I didn't realize we_were_attacking this one_early_over_the holiday,_
and I was_out_of town
until_this_afternoon. My conclusions differed from the_attached_write up on a 
few points, but_I am
not certain my_thinking_is the correct way._Here goes:

On the expropriation:

In the_write up we say "We agree_with the_executive that_Global should report 
the expropriation
contingency in its 1994 report since both_conditions included in FASB #5 were_
met:  1) sufficient
information_to assess_that_a loss is_probable_and 2)_the loss could be 
reasonably estimated.
Matuto took_power in_1994 and it was known that_he would nationalize major_
industries._ "

The book says "The imminence_of an expropriation may be indicated_by a public 
or private
declaration_of_intent_by a government to expropriate_assess of the enterprise 
or actual
expropriation_of assets of_other enterpises." I would argue that Matuto_was_
not the government and
therefore unable