Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Wednesday, January 2, 2002 No. 896
Visit: http://www.enerfax.com/ or for Oil Prices & News
http://www.enerfaxgold.com/
PHYSICAL NATURAL GAS PRICES ??
Gulf/Eastern Region
| Agua Dulce              | 2.44  |
| ANR SE                  | 2.59  |
| Carthage TG             | 2.53  |
| Chicago Citygate        | 2.70  |
| Columbia Gulf Onshore   | 2.67  |
| Dominion South Point    | 2.80  |
| Henry Hub               | 2.64  |
| Houston Ship Channel    | 2.59  |
| Katy Hub                | 2.53  |
| NGPL LA Pool            | 2.57  |
| NGPL - Midcontinent     | 2.51  |
| NGPL STX                | 2.49  |
| NGPL TX/OK              | 2.53  |
| NNG Demarc.             | 2.58  |
| Niagara                 | 2.89  |
| Sonat Tier 1            | 2.60  |
| TCO IPP Pool            | 2.76  |
| Tetco ELa               | 2.57  |
| Tetco M-3               | 3.20  |
| Tetco STX               | 2.44  |
| TGP Zone 0              | 2.48  |
| TGP Zone 1 (500 Leg)    | 2.59  |
| TGT Zone SL             | 2.64  |
| New York Citygate       | 3.46  |
| Transco Station 65      | 2.66  |
| Transco Zone 6 (NY)     | 3.47  |
| Trunk ELa               | 2.59  |
| Western Region
| California Border       | 2.47  |
| El Paso Keystone        | 2.34  |
| El Paso San Juan-Blanco | 2.32  |
| Waha Hub                | 2.46  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 3.57  |
| Dawn Hub/Union          | 2.81  |
| Northwest Stanfield     | 2.37  |
| Wyoming Pool            | 2.24  |
| Opal/Kern River         | 2.26  |
| PGT-Malin               | 2.42  |
| Sumas                   | 2.34  |
        Flow Dates 12/29-31
-------------------------------------------------------------

NATURAL GAS FUTURES
Henry Hub
12 Month Strip ?2.9464  +0.1528 ? ? ?
18 Month Strip ?3.0296  +0.1073? ?
| Month | High  |  Low  | Close | Change |
| FEB   | 2.780 | 2.680 | 2.774 | +0.155 |
| MAR   | 2.755 | 2.695 | 2.746 | +0.116 |
| APR   | 2.730 | 2.670 | 2.724 | +0.094 |
| MAY   | 2.780 | 2.700 | 2.769 | +0.088 |
| JUN   | 2.830 | 2.765 | 2.824 | +0.084 |
| JUL   | 2.875 | 2.820 | 2.870 | +0.082 |
| AUG   | 2.916 | 2.880 | 2.916 | +0.083 |
| SEP   | 2.930 | 2.919 | 2.919 | +0.076 |
| OCT   | 2.950 | 2.930 | 2.947 | +0.069 |
| NOV   | 3.140 | 3.120 | 3.135 | +0.067 |
| DEC   | 3.350 | 3.310 | 3.323 | +0.065 |
| JAN   | 3.419 | 3.400 | 3.410 | +0.062 |
-------------------------------------------------------------
Natural Gas Futures Rally on Short-Covering

    Natural gas for February delivery on the NYMEX jumped $0.155
higher Friday to $2.774 per MMBtu as winter's chill and forecasts for
continued cold throughout January for eastern states and the Midwest
had locals scurrying to cover their short positions. The March
contract gained $0.123 to $2.746 per MMBtu. A flurry of buying
started early in the session, a reaction in part to Thursday's
liquidation on the January contract expiration. Clearing the books of
Enron-related hedging losers in time for year-end could also be
playing a role in Friday's rally. Some of the volatility over the
past month has been triggered by larger books balancing their hedges.
Enron's demise has forced counter-parties to recontract supplies,
pushing the market with offers or with bids. Shuffling monthly
spreads from fall to winter and balancing volumes bought at higher
prices during the summer for storage will also trickle to a stop mid-
January as some storage operators call for contracted withdrawals.
The AGA will again delay its release of last week's storage data
until Thursday because of the holidays. For the first time this
winter, many traders are anticipating a triple digit withdrawal this
week. Natural gas for next day delivery across the US and Canada was
generally flat to $0.10 higher Friday. Natural gas for next day
delivery at the Henry hub gained $0.01 to $2.64 per MMBtu.
-------------------------------------------------------------

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Shareholder Activism Driven by Enron Problems

    Pension funds, stockholders groups and outspoken investors have
began flooding the firms they own with proposals for change driven
this year by the collapse of Enron. Shareholders are using this
year's filings to try to make sure other companies don't go the same
way as Enron. What is new this year is the auditor independence
proposals. Pension funds affiliated with the United Brotherhood of
Carpenters union have filed 12 proposals calling on companies not to
hire the same accounting firm to do both audit and non-audit work.
Enron, paid Andersen $52 million in 2000 for both audit and non-audit
services, a dual relationship that has raised questions about
Andersen's judgment. The proposals are part of an annual flood that
hits companies around the end of year. Their goal is to be included
in the company's proxy statement, which is mailed to all
shareholders, as an item to be brought to the floor of the company's
annual meeting for a vote. If companies want to exclude qualified
proposals from their proxies, they need approval from the SEC. In
2001 the SEC handled 438 requests from companies for permission to
exclude shareholder proposals from their proxies.
-------------------------------------------------------------
Ziff Energy Group presents
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-------------------------------------------------------------
Today's Power Bulletins
 * AltaGas Services Partner TransCanada Energy Closed Purchase of 706
MW
Sundance B Power Purchase Arrangement
 * Bankruptcy Court Approves Enron Wind Development Sale of Indian
Mesa and Clear Sky Wind Power Generating Plants in West Texas,  for
$175 million to AEP
 * Settlement Reached on Sale of Montana Power's Utility to
NorthWestern Corporation as Well as Electric Restructuring Costs
 * DB Alex Brown Cuts 2001 and 2002 Earnings Estimates for Allegheny
Energy
 * US to Help Russia on Nuclear Control
 * Northeast and Mid Continent Spot Power Prices Drop from Low
Holiday Demand
 * Southeast Spot Power Prices Fall Ahead of New Years Holiday
 * Western Power Prices Rise on Holiday Weekend Risk Premiums
-------------------------------------------------------------
Get familiar with oil-gasoline.com, inc. This web site ranks
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In 2002, the corporation plans to run an interactive crude
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-------------------------------------------------------------
Natural Gas NYMEX Volume
02JAN   75,321
02FEB   47,782
02MAR   16,226
02APR   10,032
02MAY    1,959
02JUN      807
02JLY      702
02AUG    1,316
02SEP      541
02OCT      537
02NOV      380
02DEC      845
03JAN    1,044
03FEB      259
03MAR      451
03APR        6
03MAY      516
03JUN        9
03JLY       40
03AUG       17
03SEP        2
03OCT       20
03NOV      525
03DEC        0
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar
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-------------------------------------------------------------
TXU Proposes Settlement for Overcharges

    TXU Electric has filed a plan with the Texas PUC to settle
charges that it erroneously collected stranded payment costs before
the state opens its power market next week. The costs are aimed at
offsetting expenses for building generating plants and related
regulatory financing plans prior to deregulation. As natural gas
prices soared a year ago, the PUC alleged that TXU and other Texas
utilities had no stranded costs related to generating assets because
of the large amount of natural gas fired generation in the state.
Climbing prices made natural gas fired plants almost as costly to
operate as nuclear plants. If the settlement is approved by the PUC,
TXU will return $350 million to retail electric suppliers over 2
years by providing credits on transmission and distribution rates.
TXU said it may take a charge of less than $50 million in the 4th
quarter because of the settlement. TXU also said it would eliminate
any remaining stranded costs related to its Comanche Peak nuclear
station. TXU also proposes that the PUC authorize it to issue $500
million in bonds in early 2002 and $800 million after 2003 related to
the utility's regulatory assets or previous financing agreements
approved by the PUC. The settlement also cuts a possible penalty to
$90 per customer from $150 in the event TXUs retail affiliate retains
more than 60% of its customers after the first 2 years of
competition.
-------------------------------------------------------------
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Baker Hughes Weekly Rig Count

      The number of rigs searching for oil and natural gas in the US
rose by 5 to 887 last week compared to 1,114 a year ago, according to
Baker Hughes. The number of rigs exploring  in Canada was down 94 to
198, compared to 322 last year. The number of rigs in the Gulf of
Mexico gained 11 to 119 compared to 145 a year ago. The number of
rigs searching on land was 743, and the number of offshore rigs was
at 125. There were 19 inland rigs. The total North American rig count
lost 89 to 1,085, compared to 1,436 a year ago. The number searching
for oil fell by 3 to 137, while the number searching for natural gas
gained 7 to 748. There were two miscellaneous rigs, up one from the
prior week.
-------------------------------------------------------------
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-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 21.00 | 18.00 |  18.80  |
| ECAR       | 22.50 | 18.00 |  20.31  |
| ERCOT      | 22.00 | 21.75 |  21.90  |
| Entergy    | 23.00 | 20.50 |  21.65  |
| TVA        | 22.70 | 22.60 |  22.65  |
| ComEd      | 18.50 | 17.25 |  17.90  |
| Nepool     | 32.50 | 31.50 |  32.05  |
| PJM West   | 24.50 | 23.50 |  23.90  |
| Main       | 20.00 | 17.25 |  18.45  |
| MAPP       | 21.50 | 20.00 |  20.75  |
| Palo Verde | 29.25 | 26.50 |  27.25  |
| Mid C      | 26.25 | 23.50 |  25.30  |
| COB        | 27.00 | 26.00 |  26.65  |
| 4 Corners  | 27.50 | 27.00 |  27.25  |
| Mead       | 30.00 | 27.00 |  27.85  |
| NP 15      | 29.75 | 26.75 |  28.30  |
| SP 15      | 30.75 | 26.75 |  28.55  |
-------------------------------------------------------------
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-------------------------------------------------------------
Todays Gas Bulletins
 * Williams Names Douglas Whisenant President and CEO of Interstate
Natural Gas Pipeline Division
 * Robert Sluder Named Senior Vice President and General Manager
Natural Gas Pipelines in Western US
 * Report Says 2001 Worst Year Since 1974 for US Stock Funds
 * Bush Says He's Deeply Concerned About Enron Collapse
 * Genesis Suspends 4th Quarter Unitholder Distribution
 * Pacific Northwest Industrial Customers Ask FERC to Scrutinize
Northwest Natural Gas' Acquisition of Portland General Electric;
Charges Proposal May Reduce Competition in Natural Gas Transportation
and Power Markets
 * Enron Employees Stuck with $400 Million in Deferred Compensation
-------------------------------------------------------------
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-------------------------------------------------------------
Exelon Power Team to Double its Wind Capacity

    Exelon Power Team will purchase the output of a 65 MW wind
facility in Tucker County, WV for 20 years from Backbone Mountain
Windpower. The project will include about 42 wind turbines, each
producing about 1.5 MW. The 65 MW facility will utilize the latest
wind turbine technology and will be the largest commercial wind
energy facility in the eastern US. The project is expected to be
operational by December 2002. It will interconnect with the Allegheny
Power System in the PJM West RTO and will be integrated with the PJM
RTO. Earlier this year, Power Team signed 20-year purchase agreements
for 9 MW from the Somerset Wind Power Project, 15 MW from the Mill
Run Wind Project and 52 MW from the Moosic Mountain Wind Farm near
Scranton. This agreement brings Power Team's wind portfolio to 144
MW. The Backbone Mountain Wind Project will add to the amount of
clean energy available to customers in the PJM territory. Community
Energy and Power Team are jointly marketing the output of wind
projects. Large commercial customers, such as the University of
Pennsylvania, Carnegie Mellon University, Penn State University,
Philadelphia Suburban Water Company and Giant Eagle Foods, have
already purchased wind energy from Power Team and Community Energy
for periods from 15 years. Power Team's current renewable supply
portfolio includes wind, landfill gas, hydroelectric, and biomass
generation.
-------------------------------------------------------------
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-------------------------------------------------------------
FERC Order Sets Direction in Midwest

   The FERC December 19th decision that the Midwest ISO be the
vehicle for a single, regional transmission organization in the
Midwest is an important decision.  It will spark the development of a
competitive regional power market in the Midwest, of particular
importance to energy-intensive Midwestern states, according to a
customer coalition active in the federal arena. The Coalition of
Midwest Transmission Customers and the Industrial Energy Users-Ohio,
stated that FERC's decision paves the way for actual implementation
of plans to get a truly independent entity for the Midwest
transmission grid, that encompasses twenty states and Manitoba,
Canada, up and running. The coordination so critical to system
reliability and Ohio's business and industry can now proceed on a
timeline that should allow the Midwest to avoid a repetition of
problems we saw a couple of summers ago.  Because the Midwest economy
is so energy-intensive, the Coalition hopes to see the ISO continue
with development at a challenging pace since an effective regional
marketplace will benefit not only residential users but also
Midwestern businesses in their efforts to thrive in the worldwide
marketplace. The FERC Order also found that creation of the Alliance
RTO does not satisfy scope and configuration requirements spelled out
in FERC's Order 2000. The Commission made plain that the Alliance
companies could continue with the formation of the for-profit
Transco, but under the Midwest ISO umbrella. The significance of
this, is that the FERC is focusing on the importance of a single
organization as opposed to its form. From the perspective of market
participants, both buyers and sellers, this and other recent FERC
decisions are strong indications that a highly coordinated and
competitive marketplace is the goal for the industry. FERC's November
20th orders preventing several utilities from using their market-
pricing authority in areas where they have market power is as
critical to nurturing an effective market as the order for a single
Midwest RTO.
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POWER FUTURES ?
| Month |   COB   | Change |   PV    | Change |
| FEB   |  24.75  | +0.00  |  24.75  | +0.00  |
| MAR   |  22.00  | +0.00  |  22.00  | +0.00  |
| APR   |  21.25  | +0.00  |  21.25  | +0.00  |
| MAY   |  23.20  | +0.00  |  23.30  | +0.00  |
| JUN   |  22.00  | +0.00  |  22.00  | +0.00  |
| JUL   |  34.75  | +0.00  |  34.75  | +0.00  |
| AUG   |  44.00  | +0.00  |  44.00  | +0.00  |
| SEP   |  39.75  | +0.00  |  39.75  | +0.00  |
| OCT   |  30.75  | +0.00  |  30.75  | +0.00  |
| NOV   |  33.00  | +0.00  |  30.00  | +0.00  |
| DEC   |  35.00  | +0.00  |  30.00  | +0.00  |
| JAN   |  33.00  | +0.00  |  30.75  | +0.00  |
| Month | Entergy | Change | Cinergy | Change |
| FEB   |  25.00  | +0.00  |  25.40  | +0.00  |
| MAR   |  23.00  | +0.00  |  25.00  | +0.00  |
| APR   |  23.00  | +0.00  |  25.00  | +0.00  |
| MAY   |  26.00  | +0.00  |  28.00  | +0.00  |
| JUN   |  33.75  | +0.00  |  27.25  | +0.00  |
| JUL   |  44.10  | +0.00  |  49.00  | +0.00  |
| AUG   |  44.10  | +0.00  |  49.00  | +0.00  |
| SEP   |  24.50  | +0.00  |  25.75  | +0.00  |
| OCT   |  24.00  | +0.00  |  25.00  | +0.00  |
| NOV   |  24.00  | +0.00  |  25.00  | +0.00  |
| DEC   |  24.00  | +0.00  |  25.00  | +0.00  |
| JAN   |  27.00  | +0.00  |  28.25  | +0.00  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 30.00 | +0.00  |
| MAR   | 28.00 | +0.00  |
| APR   | 28.00 | +0.00  |
| MAY   | 31.50 | +0.00  |
| JUN   | 41.50 | +0.00  |
| JUL   | 55.60 | +0.00  |
| AUG   | 55.60 | +0.00  |
| SEP   | 28.00 | +0.00  |
| OCT   | 26.75 | +0.00  |
| NOV   | 26.75 | +0.00  |
| DEC   | 26.75 | +0.00  |
| JAN   | 32.00 | +0.00  |
-------------------------------------------------------------
Commodity Futures Trading Commission

NYMEX Natural Gas Futures
Reportable Positions as of  12/21/01

Open Interest: 422,398                                  10,000 MMBtu

                                                       Nonreportable
Non-Commercial         |   Commercial |     Total    | Positions
Long | Short| Spreading| Long | Short | Long | Short | Long  | Short
9,591 36,465   29,975  353,831 342,373 393,397 398,913 29,001  23,485

Changes from 12/14/01                Change in Open Interest: -11,137
2,924 ?2,009    2,324  -12,711  -5,760  -7,463  -5,445 ?3,674  -5,692

Percent of Open Interest for Each Category of Traders
  2.3    8.6      7.1     83.8    78.7   93.1     94.4     6.9    5.6

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????????????????Progas Storage Services, Inc

Was recently organized to offer specialized natural gas storage
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potential working capacity which will offer service along TXG, ANR,
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-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 added 24.39 points to 7674.97
The CRB Index lost 0.16 points to 191.91
The US Dollar dropped 0.23 points to 117.26
The Dow advanced 5.68 points to 10136.99
The S&P 500 climbed 3.89 points to 1161.02
The Nasdaq was up 10.84 points to 1987.26
February NYMEX Crude Oil fell 0.49 to 20.41
Canadian-US Exchange rose 0.0021 to 1.5956
-------------------------------------------------------------
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-------------------------------------------------------------
Washington DC
January 24, 2002
Spencer Abraham U.S. Secretary of Energy to address energy community
on
potential security and commerce threats. Also to speak will be key
directors
from the CIA, SPR, IEA, SPR and more. See complete
detail and register today at
http://www.wesc.org
-------------------------------------------------------------
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Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Britt --

I do not have a copy of the WFW invoice.  I have requested same from Angeline
and she indicated she would be forwarding to it to me.  I will forward on to
you when I receive it.

Linda Guinn
Enron North America
1400 Smith Street
Houston, Texas  77002
(713) 853-6104
(713) 646-3393 (fax)

	Britt Davis@ENRON
	12/12/2000 09:05 AM

		 To: Linda R Guinn/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 Subject: In re M/V PACIFIC VIRGO/Re: WFW - pacific virgo invoices

Linda,

Could you send the WFW bill down to me please?  I just changed admin
assistants and my new a/a, Lee, could not find that in the file.  Richard
wanted me to take a look and try to apportion it between his r/c and Alan's,
given my statement to Richard that the WFW bill contains a lot of time that I
(and I believe Matt shares this belief) was directed to resolution of the
dispute with FGH.

Britt

P.S. to Matt-- what do you think about asking Neale if he would take a look
at that bill and apportion the time spent between the cargo claim versus the
FGH matter?
----- Forwarded by Britt Davis/Corp/Enron on 12/12/2000 09:01 AM -----

	Angeline Poon@ECT
	12/11/2000 08:08 PM

		 To: Linda R Guinn/HOU/ECT@ECT
		 cc: Richard B Sanders/HOU/ECT@ECT, Britt Davis/Corp/Enron@ENRON
		 Subject: Re: WFW - pacific virgo invoices

Hi Linda

I have just faxed to you the statement that reflects the various items
charged by Watson Farley, which was attached to Watson's invoice.  My
apologies for any inconvenience caused.

Angie

From: Linda R Guinn on 12/12/2000 12:14 AM
To: Angeline Poon/SIN/ECT@ECT
cc: Richard B Sanders/HOU/ECT@ECT, Britt Davis/Corp/Enron@ENRON

Subject: WFW - pacific virgo invoices

Hi Angeline --

I received your fax this date regarding the WFW pacific virgo invoice.  What
I am looking for is  a copy of the back-up to the statement you sent.  In
other words, I need a breakdown of the time billed by each attorney working
on this matter.   All I have is the one page listing $137,455.18 -- what does
this consist of?  Please forward this to me so I can arrange for payment of
this invoice.  Thanks.

Linda Guinn
Enron North America
1400 Smith Street
Houston, Texas  77002
(713) 853-6104
(713) 646-3393 (fax)


Wonderful job!


FYI -

We have a new tool at our disposal to assist in the transfer of EOL information from Enpower to the Inc sheets. I've saved it as the "EOL Download" in P://Real Time/Increment/Windows 2000/EOL Download.

You can use this workbook to download EOL deals throughout the day. It's fairly self-explanatory, but here are a few suggestions:

1. If necessary, limit your query to one region using the boxes in the upper-left-hand corner.
2. Click "Download Deals," and enter your Enpower password when prompted. Be sure to check that you are downloading for the current day.
3. Once deals have populated the screen (should take no more than 30-45 seconds), filter for the hour and/or delivery point you need.
4. Copy all relevant rows and paste directly into the appropriate Inc sheet.

This sheet has just enough flexibility to make it functional and keep it simple. All it does is download EOL deals from Enpower - nothing more. If you'd like to see this expanded upon, feel free to give me suggestions.

Thanks.

Kate Symes
Real Time Trading Support
Office/503-464-7744
Cell/503-819-2181
Fax/503-464-7996


Thanks Victor!


- kudlow102901.doc


Lavo,

I will be in town all weekend.  I can reached anytime at one
of the following numbers.

home:  713 365 9035
cell:  713 503 3466

Scott


George, may I please have the zip code for the address below?  I'll send the
tickets by courier as soon as I get that.  A phone number would be helpful,
also.  I'm glad you mentioned that Paco is planning to attend as I had not
heard from him.  I'll courier over 2 tickets.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com

GKoutani@aol.com on 09/27/2000 06:26:57 PM
To: Jeff.Skilling@enron.com
cc:

Subject: Re: Astros Game

If you could send mine and Paco Wood's if he has not recieved it yet to the
same address.  Send it to 9730 townpark drive. suite 100.  I am moving my
bussiness so if you can try and send it by friday.


Done, try it now.

What does Jeff think about this whole Dynegy thing?  I'll have to call him one of these days.

KK

 -----Original Message-----
From: 	Reitmeyer, Jay
Sent:	Thursday, November 15, 2001 11:38 AM
To:	Keiser, Kam
Subject:	TRV VAR report

I do not have permission to view this site.  Can you get me set up so that I can view it.

Hope you are having a good day.  Jeff loves his job and is doing well.  I was surprised that Jeff Royed left but am not shocked.

Thanks,

Jay


Power Curve 5: Forward Power Continues Softening; Implications

* The Power Curve has softened since our last analysis (Power Curve 4,
May 2).  Forward expectations are down 11%, 15% and 9% for 2001, 2002 and
2003, respectively.  The Spark Spread, an important measure of profit
potential, has declined further: down 18%, 32% and 84%, respectively.
* Shape of curve remains "backwardated" - decreasing from a peak this
summer.
* Softening trend has continued since January.  This period every
region was affected with California and the West showing the largest
declines.
* Power Producers: most favorable commodity pricing environment this
summer--continue to expect positive earnings surprises 2Q and perhaps 3Q.
* Recommendation to investors:  Expect near-term strength in Producers
keyed off of strong 2Q expectations.  Recommend shifting portfolio toward
Energy Merchants as we move into the summer.  Maintain positive ratings on
both groups of stocks given strong near-term earnings visibility.

 <<Power Curve 5 5-24-01.doc>>  <<Power Curve 5 5-24-01.pdf>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s

 - Power Curve 5 5-24-01.doc
 - Power Curve 5 5-24-01.pdf


Thanks very much!

Fletch


Allyson,

Please delete Stuart Zisman and add me to your distribution list.

Thanks,

Kay


Sorry for the delay but I had trouble locating one.  Attached is a file that
lists all personnel involved with the Delmarva project.  I will also be
faxing a more detailed listing.  If you have any questions, please do not
hesitate to call.

 - Commonwealth Chesapeake TPS Contact List2.xls


I am fine with the Chamber of Commerce arbitration, especially in light of
the small amount of potential exposure. Could you send me a copy of the
opinion from our local counsel.

	Robert C Williams@ENRON_DEVELOPMENT
	07/18/2000 04:30 PM

		 To: Stephanie Harris@ENRON_DEVELOPMENT, Rob Walls
		 cc: Mark Taylor@ECT, Jeffrey T Hodge@ENRON_DEVELOPMENT, Richard Sanders,
Francisco Pinto Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Dispute Resolution in Colombia Trading Contracts

Jim,

As you know, Jeff Skilling has approved opening a trading operation in
Columbia.   The company's open position at any one time will be no more than
$500,000.  Jeff Hodge and Francisco Pinto-Leite have been working  on the
trading contracts.  Our businesspeople inform us that they will not be able
to obtain counterparties' agreement to international arbitration.  We, for
our part, are unwilling to agree to refer all disputes to the Colombia
courts.  The best option appears to be arbitration conducted under the
auspices of the Bogota Chamber of Commerce.  We have obtained a written
opinion from local counsel, Figueroa Sierra & Asociados, opining that this
body has a proven record of conducting arbitrations fairly, without bias, and
free from corruption.  In particular, foreign parties have been treated
without discrimination, winning their fair share of awards.  We are
requesting that we be permitted to accept the Bogota Chamber of Commerce as
the exclusive forum for resolving any disputes that might arise under our
trading contracts.   I am aware that we have accepted local arbitration for
trading disputes in Buenos Aries; I am not sure whether we have done so in
Europe.

Please let me know if this is acceptable to you, or if would like additional
information.

Thank you.


Here's the solution I came up with. It will only take a few more minutes each
day, but I think it will make the EOL summary more relevant. Please let me
know if this plan suits you -

1. You will continue to receive the same EnPower/EOL summary, complete with
EES sleeves. If I take the EES deals out of this table, I have to adjust the
total megawatts accordingly. This could end up taking awhile, and I'm not
sure the effect would be worth it. Again, let me know if you agree, because
I'd like this report to be as applicable as possible.

2. I will run the EnPower deal count, excluding EES deals. I'll compare this
count to the original one to determine how many EES deals were done by each
desk, then double that number - to account for both sides of the sleeve - and
subtract. I'll enter the altered numbers into the graph, which should produce
a more accurate rendering of the day's activities.

I think I made it sound more complicated than it is. Bottom line, this should
solve the EES sleeve dilemma with little ado.

Kate


The offer still stands but the location has changed...We're meeting at the
Gingerman instead of Kenneally's (so alas no pizza - but oh, what a selection
of beer).

---------------------- Forwarded by Susan M Scott/HOU/ECT on 08/29/2000 06:05
PM ---------------------------

Susan M Scott
08/29/2000 05:09 PM
To: Darren Maloney/Corp/Enron@ENRON
cc: Ted Noble/HOU/ECT@ECT
Subject: Raincheck

Hey Darren,

I haven't forgotten that I still owe you a birthday beer.  In fact, Ted was
kind enough to point out my failure to do so and add to my already heavy
feelings of guilt.  Anyway, I know you guys are working hard getting your
presentation ready, but if you need a break I'm planning on meeting a friend
at Kenneally's tonight for a little pizza and beer.  Let me know if you have
any interest in collecting...if not, you can just hold on to your raincheck
until another time.

Susan


Kent Brittan, Sr. VP, Global Sourcing, has requested a meeting to restart
talks in the context of an EES Outsource to UTC .  This request comes after
we recently refused to respond to piece-meal procurements for energy
commodity.  As you may know, UTC failed in its attempts to contract
separately with Duke for energy commodity, and Fluor Daniel for facilities
management/maintenance services after having selected each as the result of a
competitive bid process.

Kent was the initial sponsoring executive appointed George David to speak
with Tom White, Dan Leff, Harold Buchanan and myself two years ago.

We will provide you follow up after our meeting with Mr. Brittan next Tuesday
afternoon in Connecticut.


how was saturday?  you didn't miss anything at uropa.


I agree.  It doesn't appear that we have the need for his skills that we had
even a few months ago.  I see that you are in contact with Michelle Hargrave
about next steps.  Anything you want me to do at this point?

	Mark Schroeder@ECT
	12/08/2000 11:23 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Re: regulatory support

Have also today spoken to Anthony Duenner, finally.  I am afraid the message
for David is that we should be thinking about his exit.  I cannot see much
mileage in putting him in front of Cliff.  Do you agree that we should be
discussing exit package?   thanks  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 08/12/2000
17:25 ---------------------------

Rebecca McDonald@ENRON_DEVELOPMENT
08/12/2000 16:16
To: Mark Schroeder/LON/ECT@ECT
cc: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J
Kean/NA/Enron@Enron@ECT

Subject: Re: regulatory support

Mark,

Thanks for your note.  It's a common misconception that we will be mostly
working on asset disposition.  Our focus will be on the efficient operation
of the assets, cleaning up problems, finishing projects etc.  The sales
efforts will be conducted through Cliff Baxter's group with support from us.
So, I don't believe that  I will need the type of effort that you believe
David can provide and I have no other need for him at this juncture.  Cliff
may feel that he has the need for David.  By the way, my experience with
David when he worked for APAChi was that he had not learned much about the
business and therefore was not terribly helpful to us as we were
restructuring the group or when we were in a build mode in Thailand.

If you have any questions, please let me know.

Regards,
Rebecca

Mark Schroeder@ECT
12/08/2000 08:35 AM
To: Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Steven J Kean/NA/Enron@Enron

Subject: regulatory support

With your new organisation, I expect that you will have issues that will
require support from my team, covering everything outside the Americas (Rick
Shapiro providing support in the Americas).  Any thoughts either of you have
regarding what your requirements might be would be helpful.  My understanding
is that a fair bit of your effort will be focussed on asset disposition.  If
that is correct, I want to run one idea by you.  We still have David Merrill
posted as an expat in Singapore.  He is not working out as support for EBS
(totally new field to him).  What are your thoughts on David returning to the
energy arena, and focussing on flying around, as appropriate, to meet with
various governments, working to secure necessary approvals, as/when/if
needed?  Seems to fit his skill sets, based on prior government experience
that he has.

A second person who could also fill this role, though he is looking at other
opportunities within Enron and may not be available, is Mike Dahlke.
Thoughts on this person for this role?

thansk   mcs


Aimee,

PG&E's numbers are correct.

   Aimee Lannou                12/15/99 03:30 PM

To: Daren J Farmer/HOU/ECT@ECT
cc: George Grant
Subject: tufco 11/99

Daren - I just received an updated tufco spreadsheet from Brian Biggs.  There
are still two days in question.  He shows 100.000 on the 23rd and 142.500 on
the 30th.  MOPS shows 20.000and 32.542, respectively.  Please let me know
which number is correct.

Thanks.

- Aimee


Per my phone conversation with Cheryl Hartsell, I hereby give permission for Unimark LLC to provide a copy of the contract with ENA Upstream Company, LLC dated October 20, 2001 to the producer who gas was sold by Unimark under such contract; provided that Unimark informs such producer of the confidential nature of the contract.  If you need any further information, please contact me at (713) 853-3512.


Attached is an Assigned Commissioner's Ruling re access to DWR's computer
models used to determine its revenue requirement.  It may be a foreshadowing
that they are not going to vote on the revenue requirement tomorrow.

> -----Original Message-----
> From:	Gallardo, Teresita C. [mailto:tcg@cpuc.ca.gov]
> Sent:	Wednesday, September 19, 2001 3:38 PM
> Subject:	Assigned Commissioners' Ruling Concerning Production of
> Computer  Model by the California Department of Water Resources in
> Application 00-1 1-038 et al.
>
>  <<CPUC01-#106749-v1-A0011038_et_al___Lynch_Brown_Ruling_.doc>>


Karen attached is the latest status of the power trading track folks.

I will use your template going forward to track changes.

Thanks.

 -----Original Message-----
From: 	Buckley, Karen
Sent:	Wednesday, May 23, 2001 11:05 AM
To:	Gilbert-Smith, Doug; Will, Lloyd; White, Stacey; Baughman, Don; Arora, Harry; Davis, Dana; Herndon, Rogers; Gossett, David; Gaskill, Chris; Superty, Robert; Lagrasta, Fred; McMichael Jr., Ed; Neal, Scott
Subject:	Existing Trading Track Rotations

 << File: trading track rotations.xls >>

Attached is the current list of rotations for the Trading Track participants and future assigned rotations (as decided at the time of hiring).    Can you please re-confirm you have these people in your group currently, as I appear to have conflicting information.  I will re-send, if any changes occur.

If there is any movement of these people between groups can you plese keep me in the loop.

Kind regards,

Karen.
x54667


Sounds good to me.

We really need to get this amendment signed today.  Please do what you can to
expedite.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/05/2001 08:28
AM ---------------------------

"George Kutzschbach" <gkutzschbach@fulbright.com> on 01/04/2001 07:23:30 PM
To: CCampbell@KSLAW.com
cc: Kay.Mann@enron.com, DPedigo@INTERGEN.com

Subject: ENA/Sweetgum Amendment Letters

Carolyn,

It has been brought to may attention that Section 3.2 of both of the
LLC Agreement forms that were initialed on December 27 incorrectly
states that SEL is a Delaware limited liability company rather than a
Delaware limited partnership.  Since the amendment letters purport to be
all inclusive, they should be further amended by inserting the following
sentence in an appropriate place in the two amendment letters for the
turbine generator sets:

"The Parties further agree that Section 3.2 of the LLC Agreement to
which reference is made in the Original Agreement will be amended as
appropriate to reflect that SEL is a Delaware limited partnership and
not a Delaware limited liability company."

George


_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp

 - 10-17 0700 Report.xls


Some are out for spring break.  We will get back to Monday staff meetings
next week.

Frank


When: Tuesday, January 22, 2002 2:30 PM-3:00 PM (GMT-06:00) Central Time (US & Canada).
Where: EB3941  Denis' office

*~*~*~*~*~*~*~*~*~*

Please pass the word.  I invited the first names that popped into my head.


I suppose it would help if you had the time of the meeting.  It is 3:00-4:00
(2:00-3:00 for Peter Keohane).  Sorry about that.

Terri Greenlee
x33565
 -----Original Message-----
From:  Greenlee, Terri
Sent: Monday, March 26, 2001 8:35 AM
To: Rohauer, Tanya; Diamond, Russell; Hodge, Jeffrey; Shackleton, Sara;
Abrams, Clement; Keohane, Peter
Cc: Gil, Mercy; Ellis, Kaye
Subject: Corporate Guaranty's Meeting

Please mark your calendars...

Corporate Guaranty's Meeting
Wednesday, March 28
EB 2868

Attendees: Clement Abrams
  Jeff Hodge
  Sara Shackleton
  Peter Keohane (Conference Call:  713.345.3324)
  Tanya Rohauer
  Russell Diamond

If you have any questions or conflicts, please contact me at x33565.

Thank you.

Terri Greenlee


It is okay to set Public Service Company of Colorado up to trade US East
power pursuant to the existing master agreement.  Noel, I'll leave it to you
to let Lance know that we are modifying their profile.

Please contact me at *36121 with any questions or comments.

Leslie


Attached is our nomination form for the Griffith Power Plant for gas day
Friday, February 22, 2002.
Please let me know if you have any questions.

Thanks!
MaryAnne Schneider
office #  801-537-3985
cell #    801-580-1466
(See attached file: NOMS_02_22_02.xls)
 - NOMS_02_22_02.xls


Cliff, please find the legal opinion we previously discussed.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 05/30/2000 06:01 PM -----

	"Karet, Ian" <ian.karet@linklaters.com>
	Sent by: "Leonard, Kay" <kay.leonard@linklaters.com>
	05/30/2000 12:08 PM

		 To: "'mark.e.haedicke@enron.com'" <mark.e.haedicke@enron.com>
		 cc: "'lance.schuler-legal@enron.com'" <lance.schuler-legal@enron.com>
		 Subject: MG plc - Agreement with Internet Capital Group, Inc.

Dear Mark

I attach our advice on eMetra, which John (now on vacation) has asked me to
send to you.

Best regards

Ian

 <<000515_Ltr Enron_2.doc>>

____________________________________________________________

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________

 - 000515_Ltr Enron_2.doc


Chris Germany will make that call.

 -----Original Message-----
From: 	Brady, Kevin
Sent:	Tuesday, April 23, 2002 10:53 AM
To:	McMichael Jr., Ed
Subject:	RE: Midland Cogeneration for May 2002

Will we still be supplying MCV1 from our reliant suppliers or is that going to change in May?

Kevin Brady

 -----Original Message-----
From: 	McMichael Jr., Ed
Sent:	Tuesday, April 23, 2002 10:51 AM
To:	Germany, Chris; Mann, Kay
Cc:	Concannon, Ruth; Kelly, Katherine L.; Brady, Kevin; Greif, Donna; Polsky, Phil; Garza, Maria
Subject:	RE: Midland Cogeneration for May 2002

Chris,
Thanks for the information.  We will supply MCV 1.  We will NOT supply MCV 2.  Please forward notices to Kay Mann and the file.
Ed

 -----Original Message-----
From: 	Germany, Chris
Sent:	Tuesday, April 23, 2002 10:28 AM
To:	McMichael Jr., Ed; Mann, Kay
Cc:	Concannon, Ruth; Kelly, Katherine L.; Brady, Kevin; Greif, Donna; Polsky, Phil; Garza, Maria
Subject:	Midland Cogeneration for May 2002

MCV faxed their May 2002 requirements to Kevin Brady.  MCV is requesting 6,800 dth per day on Trunkline (MCV I deal) and 15,000 dth per day on Trunkline, ANR, and Panhandle (MCV II deal).

I assume we are still physically serving the MCV I deal for 6,800 dth for May 2002.  Please let me know.

Does anyone need to see the notices from MCV?  I am going to send a copy for Cyndie Balfour-Flanagan and put a copy in our contract files here.


Note:  Stocks of heating oil are very high for this winter, affecting the
northeast and Florida markets' economics.  LB

-----Original Message-----
From: webmaster@cera.com [mailto:webmaster@cera.com]
Sent: Friday, November 16, 2001 9:01 PM
To: clients@cera.com
Subject: High Inventories and Weak Jet Demand Shape the Heating Oil
Market - CERA Alert

Title: Atlantic Basin Heating Oil Markets Well Supplied Before Winter
URL(s):

http://www.cera.com/eprofile?u=35&m=2800;

***********************************************************************

HIGH INVENTORIES AND WEAK JET DEMAND SHAPE THE HEATING OIL MARKET

Atlantic Basin heating oil markets are comfortably supplied in the lead-up to
the winter 2001/02 heating season, and accordingly CERA expects much weaker
distillate-to-crude price differentials than those of a year ago.

*  Primary distillate inventories in North America are well above those of a
year ago, and German heating oil stocks are as much as 60 million barrels
higher then last year.

*  Weakening jet fuel demand effectively increases availability of refinery
distillate supply capability.

*  Distillate consumption in switchable applications in North America will be
much lower than they were last year, when a very tight natural gas market
boosted distillate demand.

**end**

Follow above URL for complete Alert (3 printed pages).

E-mail Category: Alert
CERA Knowledge Area(s): Global Oil

***********************************************************************
**************************************************************************************
CERAWeek February 11-15, 2002 - http://www.cera.com/ceraweek

SPECIAL OFFER: Register on-line before November 30th, and a 2-Day Pass
will be upgraded to a 4-Day Pass (maximum $1,800 value).
Day 1: Global Oil/Refined Products;
Day 2: Natural Gas/Global Energy;
Day 3 & 4: Electric Power
**************************************************************************************

To make changes to your cera.com profile go to:
http://www.cera.com/client/updateaccount

Forgot your username and password? Go to:
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This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
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in whole or in part, is strictly prohibited.
Terms of Use: http://www.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/03/2000
01:13 PM ---------------------------

Mail Delivery Subsystem <Mailer-Daemon@postmaster.enron.com> on 08/03/2000
12:33:35 PM
To: <Judy.Hernandez@enron.com>
cc:
Subject: Returned mail: User unknown

The original message was received at Thu, 3 Aug 2000 12:32:57 -0500 (CDT)
from mailman.enron.com [192.168.189.66]

   ----- The following addresses had permanent fatal errors -----
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   ----- Transcript of session follows -----
... while talking to mx.jersey.juno.com.:
>>> RCPT To:<Priscilla.giLbert@juno.com>
<<< 550 Priscilla.giLbert@juno.com is not a valid juno user
550 <Priscilla.giLbert@juno.com>... User unknown

   ----- Original message follows -----

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From: "Judy Hernandez" <Judy.Hernandez@enron.com>
To: jh306@netzero.net, dora_thurmond@uniteddc.com, jcutaia@tupac.com,
        cbburrell@juno.com, Rbobo@iservco.com,
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        "Regina Blackshear" <Regina.Blackshear@enron.com>,
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Message-ID: <86256930.00605C7E.00@notes.ect.enron.com>
Date: Thu, 3 Aug 2000 12:32:30 -0500
Subject: Virus Alert
Mime-Version: 1.0
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---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/03/2000 12:21
PM ---------------------------

"SOCORRO HERNANDEZ" <SUHERNAN@LLGM.COM> on 08/02/2000 03:55:09 PM

To:   <ehernandez@ci.santa-ana.ca.us>, <Judy.Hernandez@enron.com>,
      <silviamanzanales@hotmail.com>, "A. SUE GONZALES-GUEVARA"
      <AGUEVARA@LLGM.COM>, "Barbara Monte" <BMONTE@LLGM.COM>, "CATHERINE
BROWN"
      <CLBROWN@LLGM.COM>, "ELIZABETH TRUJILLO" <ETRUJILL@LLGM.COM>, "HERBERT
      NORMAN" <HNORMAN@LLGM.COM>, "JESSICA VEGA" <JVEGA@LLGM.COM>, "KATHY
MARIE
      MOORE" <KMOORE@LLGM.COM>, "MARIA THOMPSON" <MTHOMPSO@LLGM.COM>, "VIVIAN
      FARRELL" <VFARRELL@LLGM.COM>, <JH306@nezero.net>,
<Maria.Soliz@ppfa.org>,
      <bandama@ssa.co.orange.ca.us>, <bburrell@tmh.tmc.edu>
cc:
Subject:  Virus Alert

> > > > >> > >> Subject:      FW: HEALTH ALERT!!!!!
> > > > >> > >>
> > > > >> > >>
> > > > >> > >> > >Health Concern
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >CNN REPORTS A NEW VIRUS HAS BEEN RECENTLY DISCOVERED.  ONE
PERSON CAN PASS IT ON TO MILLIONS AS IT IS VERY CONTAGIOUS.  THE CENTER FOR
DISEASE CONTROL HAS REPORTED THIS WEEK THAT THE VIRUS SPREADS VERY RAPIDLY
FROM
ONE PERSON TO THE NEXT.  THEY HAVE PUT A VERY INTERESTING NAME ON THIS VIRUS.
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >IT IS CALLED.......
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >
> > > > >> > >> > >A SMILE
> > > > >> > >> > >
> > > > >> > >> > >        @@@@
> > > > >>   > >> > >     @ _   _ @@
> > > > >> > >> > >    @@ o   o  @@
> > > > >>  >> > >   @@@        @@?> > > > >> >> > >   @@@  \__/  @@@?> > > > > > >>>>>      )    (?> > > > >> > >> > >?> > > > >> > >> > >?> > > > >> > >> > >?> > > > >> > >> > >UH! OH! TOO LATE!!  I SEE IT ON YOUR FACE ALREADY! You've ?got?the virus!!!!?> > > > >> > >> > >?ALERT! You have just been snuggled by a person that cares 4 ya!??Send this to all your buddies to show that ya care.??> > > > >> > >> > >?> > > > >> > >> > >"I wish for you..."?> > > > >> > >> > >?> > > > >> > >> > >Comfort on difficult days,?> > > > >> > >> > >Smiles when sadness intrudes,?> > > > >> > >> > >Rainbows to follow the clouds,?> > > > >> > >> > >Laughter to kiss your lips,?> > > > >> > >> > >Sunsets to warm your heart,?> > > > >> > >> > >Gentle hugs when spirits sag,?> > > > >> > >> > >Friendships to brighten your being,?> > > > >> > >> > >Beauty for your eyes to see,?> > > > >> > >> > >Confidence for when you doubt,?> > > > >> > >> > >Faith so that you can believe,?> > > > >> > >> > >Courage to know yourself,?> > > > >> > >> > >Patience to accept the truth,?> > > > >> > >>?> > > > >> > >> Have a blessed day.?> > > > >> >?> > > > >> >?> > > > >>?> > > > >>?> > > >?> > >?>????????


?
?	VentureWire
	Thursday, May 17, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 712.9 ? +1.26%	?
?

		top stories

		  Mobile Internet Firm Tahoe Launches with $38M First Round
		  Accelerator Startups.com Changes Model & Name, Cuts 30%
		  Hermes Set to Invest $965M for BTPS in Companies and Funds
		  OffRoad Capital Splits into Two Divisions, Lays Off 50%

		UPCOMING EVENTS
		Enterprise Outlook 2001
		90 private enterprise companies already comfirmed to present their business
plans Register for Enterprise Outlook to learn more!

		TODAY'S FEATURES
		Flatiron Denies Rumours of Demise
		By Taran Provost
		Flatiron Partners is not being dismantled and will continue to aggressively
seek out new investment opportunities, a partner at the firm told
VentureWire. more>>

		The Industry Standard
		THE INDUSTRY STANDARD provides a critical and irreverent
		look at how information and technology are changing the
		rules of business.  Get the business intelligence you need
		to stay ahead of the competition.
		TRY THE INDUSTRY STANDARD -- RISK FREE.  Get 4 FREE issues
		and find out why THE INDUSTRY STANDARD is the news magazine
		you can't lead without.  Take advantage of this special
		offer at:http://secure.thestandard.com/subscribe/7JAT

		Kodiak Venture Partners Looking At Data Deals
		By Suzanne Segers Travers
		Kodiak Venture Partners of Concord, Mass. more>>

		iBase Wants to Broaden Its Base To US
		By Jonathan Shieber
		London-based digital asset management firm iBase is looking to expand its US
operations, according to Brendan Flattery, the company's chief executive
officer. The company, which raised GBP 4.2 million ($6 million) in a Series B
funding last week, has established an office in New York and has hired
Parthenon Group, a market analysis firm with offices in Boston, London, and
San Francisco, to help determine where iBase will concentrate its initial
efforts to penetrate the American market. more>>

		DataSynapse To Close $15 Series B
		By Michelle Tsai
		DataSynapse, a peer-to-peer software platform for distributed computing in
the financial services and energy industries, expects to close $15 million in
Series B funding within two weeks, said CEO Peter Lee. more>>

		new money

		  InterWest Makes Series A Investment in Pharma Company Algorx
		  Alphamosaic Spins Out from Arthur D. Little with $9 Million
		  Fiber-Optics Components Firm Comlase Gets $3.5M Series A
		  Mobile Apps Firm Xora Secures $7M Round One
		  E.Intelligence Caps $8M Round Two Led by Commonwealth
		  Foundstone Closes Series B at $9 Million
		  Customer Services Firm Yube Gets $2 Million in Series B
		 eVentures Group Takes Minority Stake in White Amber
		  Beyond Genomics Secures $5 Million Strategic Investment
		  Korean Online Transaction Firm Cpocket Gets $1.1M
		  Embark Gets $3 Million, Bringing Series F to $8 Million
		  Orange to Become Third Co-owner in 3G Infrastructure

		bad news

		  Linux-based Software Developer Eazel Closes
		  RoundArch Cuts 12% of North American Staff

		new products

		  Online and Analytical Consultancy Compete Announces Launch
		  EdgeMatrix and MobileOne Form Wireless Intellect Labs
		  Sightward Launches and Introduces First Product
		  Terrace Mountain Changes Name to Impart Technology

		m&a

		  All Bases Covered Makes Second Acquistion in a Week
		  Princeton eCom Buys Venture Finance Software from Intuit
		  Net Printing Products Firm PrintCafe Buys Assets of Impresse
		  Lost Boys, Incubation and Design Firm, Makes Acquisitions
		  Pitman Acquires Online Printing Equipment Firm PrintNation
		  Poster Firm Bignose Acquires Photo Finishing Site Eframes
		  eKit.com Buys Call Sciences' International Calling Card Biz

		new directors

		  Clarity Names First Chairman

		new people

		  SmartBargains Appoints Former Barnes&Noble.com Exec to CEO
		  Creative Planet Promotes CFO to President
		  CyLex Systems Appoints New President & CEO
		  Net Security Firm Zone Labs Names First President and COO
		  PrivateExpress Appoints New President & CEO
		  EVLogix Officially Appoints Founder as President & CEO

		vc fund news

		  Israeli Telecom Firm Bezeq Teams Up to Start $50M VC Fund

		vc personnel

		  Encompass Ventures Adds New Associate to Team
		  Atlas Venture Names Entrepreneur as Venture Partner

		vw corrections

		  MolecularWare

		 TOP STORIES... NEW MONEY... BAD NEWS... NEW PRODUCTS... M&A... NEW
DIRECTORS... NEW PEOPLE... VC FUND NEWS... VC PERSONNEL... VW CORRECTIONS

		top

		Hot New Development - Mobile Outlook, June 5 & 6,
		San Francisco Airport Marriott

		Exciting, new speakers have just been added to Mobile
		Outlook. George Davis, vice chairman and president of
		Aether Systems, will discuss how his company powers
		mobile and wireless data services for Charles Schwab,
		National Discount Brokers, Allegiance Health Care, the
		U.S. Postal Service, Office Depot, Nissan, and more.

		With industry leaders and trendsetters such as George
		Davis planning to be in attendance at Mobile Outlook,
		why aren't you? Mobile Outlook is less than 3 weeks away,
		so register online today:http://www.mobile2001.net/register.asp

		top stories
		?
		Mobile Internet Firm Tahoe Launches with $38M First Round
		 mail? top

		 SAN JOSE, Calif.  (VENTUREWIRE) -- Newly launched Tahoe Networks, a
developer of networking infrastructure for mobile data networks, announced
the completion of a $38 million first round led by Redpoint Ventures, with
participation from Accel Partners. Geoff Yang of Redpoint and Jim Goetz of
Accel are taking seats on Tahoe's six-member board of directors. Tahoe said
the financing would be used for product development, sales, and to increase
its staff of 50 to over 120 by the end of the year. The company said it
expects to launch commercially in the latter half of 2002. Mika Uusitalo, the
former CTO of Sonera, heads Tahoe Networks' European office in  Tampere,
Finland. Tahoe Networks was founded in January 2001 by CEO Anthony Alles and
president and CTO Arthur Lin, formerly Cisco executives and the co-founders
of Shasta Networks. Nortel Networks acquired Shasta Networks in April 1999
for $340 million.
		http://www.tahoenetworks.com

		Accelerator Startups.com Changes Model & Name, Cuts 30%
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Startups.com, previously a company accelerator,
said it changed its business model to become a market intelligence firm,
changed its name to Startups, Inc., and laid off 11 of its 35 member staff in
its latest round of layoffs. The company will still offer some of the same
services to startup companies, but its primary clients will now be service
providers to which the firm will offer online decision support tools, market
insights, and help with facilitating relationships with startups. CEO Donna
Jensen said the company will no longer go out and physically set up
companies. At the end of January, Startups said it was preparing to lay off
some of its then 65-member staff. Ms. Jensen said the company cut those
employees involved with services it no longer offered and the company will
hire more staff for its new products and services. She said Startups, which
will most likely be back to having a 35-member staff by the end of the year,
has enough funding to last through the end ! of next year when the company
expects to be profitable. Startups has raised $15 million over two rounds of
funding. Backers include Redleaf Venture Management, Garage.com, Constantin
Partners, CrossFire Ventures, Roni Capital, Staenberg Venture Partners,
Venture Factory, and individuals.
		http://www.startups.com

		Hermes Set to Invest $965M for BTPS in Companies and Funds
		 mail? top

		 LONDON (VENTUREWIRE) -- Hermes Pensions Management, the manager of the
British Telecommunications Pension Scheme (BTPS) and other pension funds,
said BTPS had allocated $965 million for investing in private companies and
funds that invest in private companies. Hermes said it will invest up to $50
million in the Botts Capital Partners 2 fund, a recently started fund managed
by the London-based private investment bank Botts & Co. In addition, Hermes
said it has committed $7.1 million for a 10.5% equity stake in Botts & Co.
and has the option to invest an additional $7.1 million to gain up to 21%
equity in Botts. Tony Watson is the chief investment officer for Hermes.
Hermes Pensions Management has $71.5 billion in assets under management.
		http://www.hermes.co.uk

		OffRoad Capital Splits into Two Divisions, Lays Off 50%
		mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- OffRoad Capital, an online private securities
and technology firm that helps raise funding for startups and venture funds
using its online network, said it is reorganizing into two independent but
related businesses: OffRoad Technologies and OffRoad Capital. Both businesses
will be subsidiaries of OffRoad, Inc., the new name for the parent holding
company. The firm also said it will cut 50% of its staff, from 60 to 30
employees. OffRoad said the reorganization and reductions will lower its
capital requirements and give it flexibility for financing and growing the
businesses independently of each other. OffRoad Technologies will focus on
marketing its private finance technology platform and services. OffRoad
Capital, the company's investment banking business, will continue to operate
under the OffRoad Capital name and will be headed by its current leaders
Richard Bowman and Tripp Brower. John A. Forlines III and David B. Weir,
co-CEOs of OffRoad, have both resigned, but w! ill remain on the board of
directors of OffRoad Inc. Stephen D. Pelletier, OffRoad's founder and
chairman, resumes the role of CEO of the holding company. The company made 41
layoffs in February after a $6 million round of funding. OffRoad's backers
include Mayfield Fund and ING Barings.
		http://www.offroadcapital.com

		new money
		?
		InterWest Makes Series A Investment in Pharma Company Algorx
		 mail? top

		 MENLO PARK, Calif. (VENTUREWIRE) -- InterWest Partners, a venture firm in
Menlo Park, Calif., has told VentureWire that it has made an undisclosed
Series A investment in Wilton, Conn.-based Algorx Pharmaceuticals, a company
developing prescription pain relief medications. Together with J.P. Morgan
Partners and Sofinova Ventures, Algorx has raised a total of $1.5 million.
Each firm has received a board seat as a result of its investment. The
company may land as much as $9 million in the round if it meets various
milestones, said InterWest senior associate Chris Ehrlich. Algorx was
developed in house at InterWest Partners. Algorx will use the Series A
funding for product development and other purposes.
		http://www.algorx.com

		Alphamosaic Spins Out from Arthur D. Little with $9 Million
		 mail? top

		 CAMBRIDGE, U.K. (VENTUREWIRE) -- Alphamosaic, which designs fabless
semiconductor chips for mobile video, announced spinning off from Arthur D.
Little and securing $9 million in venture funding from Prelude Trust. Prelude
director Alan Duncan will become the fourth member of the board as a result
of the funding. The company said it will use the funds for product
development. The company said it expects the funding to last until early
2002. Alphamosaic began developing technology at Arthur D. Little's
technology arm Cambridge Consultants last May.
		http://www.alphamosaic.com

		Fiber-Optics Components Firm Comlase Gets $3.5M Series A
		 mail? top

		 STOCKHOLM (VENTUREWIRE) -- Comlase, a Swedish developer of active components
for metropolitan fiber-optics networks, said it has received Series A
financing of $3.5 million from European Equity Partners and
InnovationsKapital. The company plans to dedicate the new funds to chip and
module development. Comlase was founded in January 2001.
		http://www.comlase.com

		Mobile Apps Firm Xora Secures $7M Round One
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Xora, a provider of wireless and
speech-enabling data applications, announced that it has secured $7 million
in a first round of venture funding led by Wit SoundView Ventures, with
unnamed individuals participating. The company plans to use the new funds for
marketing and research and development. Post-money, the company is valued at
$18 million. As a result of this financing, Ned Carlson, senior vice
president of Wit SoundView Ventures, joined as the third member of the Xora
board of directors, which still has two seats open. Xora plans to seek a
second round between $15 million and $20 million by the end of this year and
expects it to close in the first quarter of 2002.
		http://www.xora.com

		E.Intelligence Caps $8M Round Two Led by Commonwealth
		 mail? top

		 MINNEAPOLIS (VENTUREWIRE) -- e.Iintelligence, which provides software for
demand chain management, said it has closed an $8 million second round led by
new investor Commonwealth Capital Ventures with participation from other new
investors Brightstone Capital, Barnard & Co., and Discovery Ventures.
Existing investor JMI Equity Fund, which had held a majority of the company
after round one, participated in this round but did not maintain its share.
First round investor SPSS did not reinvest. Post-money, the company garnered
a valuation of about $20 million in this up round. Justin Perreault, general
partner at Commonwealth Capital, and Arnold Silverman, principal of Discovery
Ventures, join the board, bringing the total number of directors to six.
Funds will be used for marketing and sales and are expected to last for at
least a year. e.Intelligence expects to become cash flow positive in 2002.
		http://www.eintelligence-inc.com

		Foundstone Closes Series B at $9 Million
		 mail? top

		 IRVINE, Calif. (VENTUREWIRE) -- Foundstone, which provides managed and
professional security assessment services and education, said it closed its
Series B at $9 million with funding from new investors Riordan, Lewis &
Haden, and Wilson; Sonsini, Goodrich, & Rosati; and return investor OVP
Venture Partners, which invested $2.7 million. The company said that the
money will be used for business development, sales and marketing, and
research and development. In March 2000, Foundstone announced it had launched
and raised $3 million in first-round financing from OVP.
		http://www.foundstone.com

		Customer Services Firm Yube Gets $2 Million in Series B
		mail? top

		 SANTA CLARA, Calif. (VENTUREWIRE) -- Yube, a provider of Web-based software
for customer services, announced that it has raised $2 million from Labrador
Ventures in its first closing of a Series B round financing. Yube plans to
use the new capital for sales and marketing expansion. The company expects to
raise an additional $5 million before closing the round within the next few
months. Larry Kubal, a managing director at Labrador, currently holds a seat
on the company's three-member board of directors, which also includes private
investor Reza Mikaili. The company expects to make two appointments to its
board once the Series B is completed. To date, Yube has raised $4 million in
venture capital, and has a valuation of $10.5 million.
		http://www.yube.com

		eVentures Group Takes Minority Stake in White Amber
		 mail? top

		 LAKE SUCCESS, N.Y. (VENTUREWIRE) -- White Amber, a provider of Web-enabled
staffing management services, said it has received an undisclosed amount of
strategic financing from First Union's eVentures Group. The company plans to
dedicate the new funds to sales and marketing. In conjunction with the
minority stake, White Amber announced that First Union has decided to
implement its flagship staffing technology to manage its contract workforce.
To date, White Amber has raised approximately $32 million in two rounds of
financing. Previous venture investors include Infinity Capital Venture Fund,
Venrock Associates, and RRE Ventures.
		http://www.whiteamber.com

		Beyond Genomics Secures $5 Million Strategic Investment
		 mail? top

		 CAMBRIDGE, Mass. (VENTUREWIRE) -- Beyond Genomics, which is developing a
systems biology platform to provide new insights into molecular mechanisms of
health and diseases, announced that it has secured a $5 million strategic
equity investment from Elan Corp., a pharmaceutical company focused on
Alzheimer's disease therapeutics and diagnostics. The investment was made as
part of partnership between the two companies to jointly apply novel systems
biology technologies in Alzheimer's disease research. Beyond Genomics was
co-founded by NewcoGen, a unit of NewcoGen Group, and has received $5.5
million of Series A funding from NewcoFunds and OneLiberty Ventures.
		http://www.beyondgenomics.com

		Korean Online Transaction Firm Cpocket Gets $1.1M
		 mail? top

		 SEOUL, Korea (VENTUREWIRE) -- Cpocket, which provides billing and payment
services online, has raised KRW 1.5 billion ($1.1 million) from Korea
Development Bank and KDB Capital, according to president K. H. Kim.
Post-money, the company has a valuation of $20 million. Funds will be used
for infrastructure and are expected to last until September. The company
expects to have $3 million in revenues this year.
		http://www.cpocket.com

		Embark Gets $3 Million, Bringing Series F to $8 Million
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Embark, which provides software for higher
education, said it has secured $3 million from Norwest Venture Partners, Doll
Capital Management, and Morgan Stanley Dean Witter Venture Partners, bringing
Series F funding to $8 million. The company, which received $5 million in
debt financing from those three investors in November, declined to say
whether the debt financing converted to equity. The company said that funds
will be used for product development.
		http://www.embark.com

		Orange to Become Third Co-owner in 3G Infrastructure
		 mail? top

		 STOCKHOLM (VENTUREWIRE) -- Orange, a wireless communications company, said
it has signed a letter to buy a third of of 3G Infrastructure, a joint
venture between Europolitan Vodafone and Hi3G Access that will provide 3G
mobile telephony infrastructure. 3G will operate in areas outside of
Goteborg, Malmo, and Stockholm. Orange is owned by France Tlcom, Bredband
Mobil, Skanska, NTL, and Schibsted. Hutchison Whampoa has a 60% stake in Hi3G
and Sweden's Investor AB holds the remaining 40%.
		http://www.orangecommunications.nu

		bad news
		?
		Linux-based Software Developer Eazel Closes
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Eazel, a developer of user-interface
software and system management services for Linux, said it has ceased
operations. In a note posted on its Web site, the company said it could not
secure additional funding. The company laid off 40 of its 75 employees two
months ago, citing the difficult funding environment and its efforts to
release a new product, a services platform slated for roll out this spring.
The company had already launched its first product, Nautilus I, a front-end
client product. In the note, the company stated "We are confident ... that
Nautilus' development will continue forward." The company raised
approximately $15 million over two rounds of funding. Backers included Accel
Partners. When asked last Friday about a possible shutdown, Eazel said it had
no comment. The company's phone has since been disconnected. Accel Parnters
did not return calls. Eazel was founded by several widely-known veterans of
Apple Computer, including Mike Boich, Andy Hertzfeld! , and Mike Homer.
		http://www.eazel.com

		RoundArch Cuts 12% of North American Staff
		 mail? top

		 CHICAGO (VENTUREWIRE) -- RoundArch, a provider of customer relationship
services, said it cut approximately 34 people, or 12% of its 290 member
staff, from its North American offices. The company said the cuts were
prompted by a need to adjust the company's size to current growth
projections. The company said that all of the laid-off employees received
severance. RoundArch said it is profitable and has no plans to seek
additional funding. The company was founded in May 2000 with $10 million from
Deloitte Consulting, Broadvision, and the WPP Group. RoundArch also has
offices in Toronto and London.
		http://www.roundarch.com

		new products
		?
		Online and Analytical Consultancy Compete Announces Launch
		 mail? top

		 BOSTON (VENTUREWIRE) -- Compete, which provides online and analytical
consulting services focused on customer intelligence, announced its launch.
Founded in August 2000, Compete offers Compete First Take, an online
subscription service that provides metrics; Industry Capsule, which looks at
subjects like online brokerage and financial information sources; and
consulting services. Compete is backed by Charles River Ventures and
idealab!. Man Jit Singh is the company's CEO.
		http://www.compete.com

		EdgeMatrix and MobileOne Form Wireless Intellect Labs
		 mail? top

		 SINGAPORE (VENTUREWIRE) -- Edgematrix, a developer of information
infrastructure technology products and professional services, and MobileOne,
a mobile operator, announced they have agreed to form Wireless Intellect
Labs, an independent wireless research center that will focus on wireless
broadband software, and multichannel commerce and transactions. Both
companies will invest $1 million to fund the center in the first year.
Wireless Intellect Labs will begin operations in the third quarter, and will
license its technology to telecommunications operators and manufacturers.
Approximately 10 employees will staff the company. The company also expects
to hire a general manager by the third quarter. Mr. Varun Arora, senior
director of planning and development at EdgeMatrix, will head the research
center. EdgeMatrix is backed by over $12 million from 3i, Agency.com, and
NetworkAsia. MobileOne is backed by Keppel Group, Singapore Press Holdings,
and Greater Eastern Telecommunications.
		http://www.edgematrix.com
		http://www.m1.com.sg

		Sightward Launches and Introduces First Product
		 mail? top

		 BELLEVUE, Wash. (VENTUREWIRE) -- Sightward, a predictive analytics company,
said it launched and will begin offering products. The company recently
changed its name from Applied Inference, but has not changed its direction as
a result of the new name, a company spokeswoman said. In 1999, CTO Rod Cook
founded Sightward and is a member of the six person board. Kevin Klustner is
the company's president and CEO. The company has raised $5 million to date
from Northwest Venture, Fluke Venture Partners, Timberline Venture Partners,
eFund, and an undisclosed individual.
		http://www.sightward.com

		Terrace Mountain Changes Name to Impart Technology
		 mail? top

		 AUSTIN (VENTUREWIRE) -- Terrace Mountain Systems, a provider of software for
embedded wireless services, said it has changed its name to Impart
Technology. The company, which had previously provided consulting services
for embedded communication systems, has refocused on its software business.
Impart expects to launch its first product in about four weeks. To date, the
company has raised $2.5 million in two rounds from AV Labs, Convergent
Investors, G51 Capital, and Techxas Ventures. Impart expects to begin raising
$5 million to $7 million in Series C funding within 60 days.
		http://www.imparttech.com

		m&a
		?
		All Bases Covered Makes Second Acquistion in a Week
		 mail? top

		 REDWOOD CITY, Calif. (VENTUREWIRE) -- All Bases Covered (ABC), which
provides IT consulting and outsourcing services for small offices, said it
has acquired Mission Critical Systems, an outsourced IT services provider to
Denver's legal community, in a cash and stock deal. Full terms of the
transaction were not disclosed. Mission Critical employed five people that
will move into ABC's offices. Earlier this week, ABC announced it acquired
Boston-based Advanced Network Technology Services (ANTS), a technology
service provider. ABC has raised $77 million to date from backers Ironwood
Capital, Red Rock Ventures, and Technology Crossover Ventures. ABC was
founded in October 1997.
		http://www.allcovered.com

		Princeton eCom Buys Venture Finance Software from Intuit
		 mail? top

		 PRINCETON, N.J.  (VENTUREWIRE) -- Princeton eCom, which provides electronic
billing and payment services to corporations and banks, said it acquired
Intuit's online bill and payment service, Quicken Bill Manager, and all the
outstanding shares of  Venture Finance Software, a wholly owned subsidiary of
publicly traded Intuit. Financial details of the deal were undisclosed. As
part of the deal Intuit has the option to take a 20% equity stake in
Princeton or the cash equivalent in February 2002. Princeton also said it
made employment offers to the 25 employees from Intuit's Quicken division and
plans to open an office in the vicinity of Intuit's Quicken offices in
Mountain View, Calif. Princeton eCom raised $20 million in convertible debt
in April from existing investors Mellon Ventures and New Century Equity
Holdings. The company has raised over $104 million from BT Investment
Partners; Bottomline Technologies; Mellon Ventures; New Century Equity
Holdings, which owns 42.5% of the firm; SG Capital P! artners; and Terra
Lycos Ventures.
		http://www.princetonecom.com

		Net Printing Products Firm PrintCafe Buys Assets of Impresse
		 mail? top

		 PITTSBURGH (VENTUREWIRE) -- printCafe, which provides Internet-based,
business-to-business products and services for the printing and publishing
industry, announced it has acquired all of the intellectual property assets
of Impresse, a provider of Internet commerce services focused on commercial
printing procurement that has gone bankrupt, for an undisclosed amount.
printCafe purchased the assets from Sherwood Partners, a technology business
advisory firm, that is the assignee of Impresse's assets for the benefit of
its creditors. Last October, following the resignation of its CEO Nimish
Mehta, Impresse laid of an undisclosed number of employees. Impresse, which
has since shut down, was funded by Adobe Ventures, Amerindo Investment
Advisors, Atlas Ventures, BancBoston Ventures, Benchmark Capital, Comdisco,
Gilbert Global Equity Partners, Hambrecht & Quist Ventures, JW Seligman &
Co., Kleiner Perkins Caufield & Byers, Palantir Capital, and Van Wagoner
Capital Management. printCafe, which has raised ! $113 million in funding to
date, is backed by Creo Products; Prography Systems; HarbourVest Partners;
Weiss, Peck & Greer; and  Mellon Ventures.
		http://www.printCafe.com

		Lost Boys, Incubation and Design Firm, Makes Acquisitions
		 mail? top

		 AMSTERDAM (VENTUREWIRE) -- Lost Boys, a pan-European provider of incubation
and new media services based in the Netherlands, said it has merged with the
German branding and design firm MetaDesign. MetaDesign also has operations in
Zurich and San Francisco. The merger with MetaDesign comes two days after the
company announced the acquisition of French interactive technology company
Lab Production. Lost Boys is backed Roel Pieper, which took an undisclosed
equity stake in the company in 1998. In May 2000 the Amsterdam-based firm
acquired two Dutch companies, Netcast, an Internet business-to-business
services firm, and Internet consulting firm MVLG. The Lost Boys incubator has
launched one company, NedCargo, an online marketplace for ocean container
transportation.
		http://www.lostboys.com

		Pitman Acquires Online Printing Equipment Firm PrintNation
		 mail? top

		 TOTOWA, N.J. (VENTUREWIRE) -- Pitman, which provides digital imaging
services, traditional pre-press and pressroom products, announced it has
acquired PrintNation, an online printing equipment and supplies store, for an
undisclosed amount. Pitman said it will retain the PrintNation name for the
e-commerce site, which will be relaunched this month with Pitman's full
product line. Founded in 1906, Pitman has 20 fully-stocked warehouse
locations across the U.S. Pitman said it will continue to support its own web
site at www.pitman.com for customer information, support services, product
sales, technical resources and industry information. PrintNation was funded
by Lehman Bros. Venture Partners, Partech International, U.S. Venture
Partners, and Venrock Associates.
		http://www.pitman.com
		http://www.printnation.com

		Poster Firm Bignose Acquires Photo Finishing Site Eframes
		 mail? top

		 BREMERTON, Wash. (VENTUREWIRE) -- Bignose.com, a provider of custom
large-format printing products, said it acquired San Francisco-based
eframes.com, a supplier of custom framed prints and online photo finishing.
Financial terms of the deal were not disclosed. Eframes will operate as a
division of Bignose, but  will consolidate its administration and Web
development with Bignose. Brian Dunham, president of eframes.com, will serve
as president of the eframes division. A Bignose spokesperson said the company
will be taking on all five eframes employees. Last September, Zing Network,
an online photo service, acquired eframes but then spun it out again into a
stand-alone company a few months ago, Mr. Dunham said. Eframes.com has
received funding from Villante Capital Partners. Bignose.com is self-funded.
		http://www.bignose.com
		http://www.eframes.com

		eKit.com Buys Call Sciences' International Calling Card Biz
		 mail? top

		 EDISON, N.J. (VENTUREWIRE) -- Call Sciences, an international corporation
that develops and markets unified communications services, announced it has
sold its international calling card business to eKit.com, an internet and
communications provider specializing in the travel industry. A Call Sciences
spokesman declined to disclose the financial terms of the transaction and
could not say if the sale would affect any of Call Science's employees.
However, He said that the proceeds of the sale will go to finance its recent
acquisition of Vocal Link, a communications services provider specializing in
e-mail hosting and voice-activated messaging. Call Sciences acquired Vocal
Link for an all-stock deal valued around $15 million. Call Sciences is backed
by the Chatterjee Group. eKit.com is backed Escor, Allen & Buckeridge and AMP
Private Capital UK.
		http://www.callsciences.com
		http://www.ekit.com

		new directors
		?
		Clarity Names First Chairman
		mail? top

		 TROY, Mich. (VENTUREWIRE) -- Clarity, which provides software products for
voice-activated telecommunications and human-to-machine interfaces, said it
appointed John H. Duerden as its first chairman. Mr. Duerden was CEO of
Lernout & Hauspie until he left in January 2001 due to differences with the
company's board. Lernout & Hauspie was being investigated by the SEC at the
time over its historical accounting and operational practices. Clarity is
backed by Duchossois TECnology Partners, Sloan Ventures, individual
investors, and other undisclosed institutions. President and CEO Raymond Gunn
is also a member of the seven-person board. Mr. Duerden was introduced to the
company through Robert Frost, a partner of Investor Access and a member of
Clarity's advisory board.
		http://www.clarityco.com

		new people
		?
		SmartBargains Appoints Former Barnes&Noble.com Exec to CEO
		 mail? top

		 BOSTON (VENTUREWIRE) -- SmartBargains.com, an online retailer of bargain and
closeout merchandise, said it appointed Carl S. Rosendorf as its new CEO and
board member. He replaces interim CEO and current board member Malcolm L.
Sherman, the chairman of the board at Gordon Brothers. Mr. Rosendorf spent
the last four years with Barnes&Noble.com as an executive vice-president for
e-commerce. He was introduced to the company through Ossining, N.Y.-based
executive search firm Ramsey Beirne Associates. Founded in September 2000,
SmartBargains raised $33 million in one round of funding from Highland
Capital Partners, America Online, Dorset Capital, General Catalyst, Berkshire
Partners, Madison Dearborn, and Gordon Brothers Group.
		http://www.smartbargains.com

		Creative Planet Promotes CFO to President
		 mail? top

		 LOS ANGELES (VENTUREWIRE) -- Creative Planet, a business-to-business
technology and information services firm for media industry professionals,
announced it has promoted its chief financial officer, Kelyn Brannon, to
president. Ms. Brannon, who joined Creative Planet late last year, will
report to Chairman and CEO Allen DeBevoise and will head operations,
including the company's newly established Movie Magic Producer and Studio
System business unit. Before joining Creative Planet, Ms. Brannon was chief
accounting officer of Amazon.com. Creative Planet, which plans to break even
in 2002, has raised nearly $100 million in funding to date. Investors in the
company include Ares Management, Chase Capital Partners, East River Ventures,
J. & W. Seligman Funds, PaineWebber Capital, SunAmerica Investments, Times
Mirror Chandler Trust Ventures, Trekk Opportunity Partners, and Waterview
Advisors.
		http://www.creativeplanet.com

		CyLex Systems Appoints New President & CEO
		 mail? top

		 BOCA RATON, Fla. (VENTUREWIRE) -- CyLex, which provides services for the
management and organization of data, announced the appointment of Bill E.
Newell as president and CEO. Mr. Newell replaces co-founder Zijad Aganovic,
who has been named chairman of the board. Mr. Newell most recently served as
vice president of Safeguard Scientifics, where he provided managerial and
strategic guidance to selected portfolio companies. He has also held
president and CEO positions for companies including US Data, Micro Dynamics,
and PPS/Husky Computers. As president and CEO, Mr. Newell will report to the
company's seven-member board of directors, which includes Brian Schwartz,
managing director of HIG Ventures, and Bjorge Gretland, managing partner and
head of NorgesInvestor Vekst AS. To date, CyLex has raised approximately $20
million in three rounds of funding. Backers include Alpine Venture Capital
Partners, Antares Capital Fund III, Carnegie ASA, Documentum, Greer
Investors, H.I.G. Documents, NorgesInvestor Vekst, ! and Stonehenge Capital.
		http://www.cylexsys.com

		Net Security Firm Zone Labs Names First President and COO
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Zone Labs, which develops Internet security
software, announced it has appointed Irfan Salim as the company's first
president and COO. Gregor Freund, CEO and co-founder, had previously held
those responsibilities. Mr. Salim, who was introduced to the company through
mutual contacts at Zone Labs, had previously served as president of U.S. and
European operations for Trend Micro. He had also served as president and CEO
of Software Publishing Corp. Zone Labs is backed by EastWest Ventures, Intel,
Oxford Bioscience, Pacific Venture Group, and John McAfee.
		http://www.zonelabs.com

		PrivateExpress Appoints New President & CEO
		 mail? top

		 SAN MATEO, Calif. (VENTUREWIRE) -- PrivateExpress, a provider of security
software for Internet-based business communications, said that it has
appointed Richard W. Ormond to president and CEO. Mr. Ormond most recently
served as chief operating officer at e-commerce provider Glovia
International, a subsidiary of Fujitsu Limited. He replaces Jim Levy, who was
interim chief executive officer and will remain with the company as chairman.
Mr. Ormond also joins as the seventh member of the board, which includes
Alberto J. Yepez, president of Entrust Ventures, Philip Wang, president of
F.V.I.G. Fortunetech Partners, Susan E. Hopkinson, vice president of Nomura
Securities International, David Wynne, senior vice president of Transpac
Capital, and private investor Eugene Flath. To date, PrivateExpress has
received $20 million in venture financing. Investors include Entrust
Ventures, F.V.I.G. Fortunetech Partners, Harbinger Venture Management, Nomura
Securities International, and Transpac Capital.
		http://www.privateexpress.com

		EVLogix Officially Appoints Founder as President & CEO
		 mail? top

		 DEERFIELD BEACH, Fla. (VENTUREWIRE) -- EVLogix, a provider of Web-based
supply chain management software for mid-sized businesses, said it appointed
founder Andreas Kozma as chief executive officer and president. Before
starting the company, Mr. Kozma was head of European development at
Nutraceutics, a pharmaceutical company. The company officially launched in
January and is backed by undisclosed individuals. EVLogix said it is
currently seeking to raise its first round.
		http://www.evlogix.com

		vc fund news
		?
		Israeli Telecom Firm Bezeq Teams Up to Start $50M VC Fund
		 mail? top

		 TEL AVIV (VENTUREWIRE) -- Bezeq, an Israeli national telecommunications
provider; Discount Capital Markets, an investment firm; said they are
establishing Stage-One Ventures, a new $50 million venture capital fund. The
fund will focus on seed investments in communications startups. Bezeq said it
will invest $20 million, while Discount Capital Markets will invest at least
$10 million. Yuval Cohen, managing director of Clal Group's Infinity fund,
and Adam Gaash, a former managment team member of ECI and RAD Group, will
manage the fund. Bezeq has invested in two other Israeli venture capital
firms, BRM Capital and Eurofund 2000.
		http://www.bezeq.co.il

		vc personnel
		?
		Encompass Ventures Adds New Associate to Team
		 mail? top

		 BELLEVUE, Wash. (VENTUREWIRE) -- Encompass Ventures Management said it has
added Rob Jacobs as an associate. Mr. Jacobs will help portfolio companies to
evaluate international market opportunities. The firm currently has $65
million under management and 23 portfolio companies, and is raising a $100
million fund. Encompass Ventures has a staff of two managing partners, one
senior associate, and one associate.
		http://www.encompassventures.com

		Atlas Venture Names Entrepreneur as Venture Partner
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Atlas Venture, an international venture capital
firm investing in communications, information technology, and life sciences
companies, said it named Bill Bryant as a venture partner at Atlas Venture's
Seattle office, which opened in January. Mr. Bryant co-founded Qpass, a
provider of digital commerce services, where he served as CEO until 1998 and
as chairman until January 2001. He currently serves as the chairman of the
company's advisory board. Mr. Bryant alos co-founded and served as president
of Netbot, which was acquired by Excite@Home. Atlas Venture's most recent
investments on the West coast include Asta Networks, a Seattle-based provider
of network reliability and management services, and Mspect, a Sunnyvale,
Calif.-based provider of performance measurement services for the mobile
internet. Founded in 1980, Atlas Venture has six international funds and
manages more than $2.5 billion in committed capital. It recently closed a
$950 million venture fund.  http://www.atlasventure.com

		vw corrections
		?
		MolecularWare
		 mail? top

		 NEW YORK (VENTUREWIRE) -- A story in Friday's VentureWire about
MolecularWare's new funding from KnowledgeCube incorrectly omitted Aspen
Investment Group as a prior investor in the company.

		company index
		top

		Algorx Pharmaceuticals, All Bases Covered, Alphamosaic, Atlas Venture, Beyond
Genomics, Bezeq, Bignose.com, Call Sciences, Clarity, Comlase, Compete,
Cpocket, Creative Planet, CyLex Systems, DataSynapse, e.Intelligence, Eazel,
EdgeMatrix, eframes.com, eKit.com, Embark.com, Encompass Ventures, EVLogix,
Flatiron Partners, Flatiron Partners, Foundstone, Hermes Pensions Management,
Impart Technology, Kodiak Venture Partners, Lost Boys, MobileOne, OffRoad
Capital, Orange, Pitman Company, Princeton eCom, printCafe, PrintNation.com,
PrivateExpress, Roundarch, Sightward, smartBargains, Startups, Tahoe
Networks, White Amber, Xora, Yube.com, Zone Labs

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		San Francisco Airport Marriott
		June 26 & 27, 2001

		Register before May 11 and SAVE $300 off the regular
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		investor index
		top

		Barnard & Co., Brightstone Capital, Commonwealth Capital Ventures, Discovery
Ventures, Doll Capital Management, Elan, European Equity Partners, First
Union Capital Partners, InnovationsKapital, InterWest Partners, J.P. Morgan
Capital, JMI Equity Fund, KDB Capital, Korea Development Bank, Morgan Stanley
Dean Witter Venture Partners, Norwest Venture Partners, OVP Venture Partners,
Prelude Trust, Riordan Lewis & Haden, Sofinnova Ventures, Wilson Sonsini
Goodrich & Rosati

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			?