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?	VentureWire
	Tuesday, June 05, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 665.1 ? -2.55%	?
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		top stories

		  William Blair Capital Partners Gets $403M for Fund VII
		  Vitesse Acquires Versatile Optical Networks for 10M Shares
		  Guggenheim to Launch For-Profit Art Site with VC Backing
		  Warburg Pincus Takes The Cobalt Group Private

		TODAY'S FEATURES
		Patricof & Co.'s Early Stage Team Stays The Course
		By Amanda Briggs
		Michael Duran, a partner at venture firm Patricof & Co., has spent the last
couple of months looking at Series C deals, an unusual move because Mr. Duran
was hired last February to focus on early stage deals in the
telecommunications equipment and component sectors. more>>
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Services Outlook will help define the future.  Register before June 19 and
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		Outlook for the Venture Capital Market
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		new money

		  Corporate Backed Integres Eyes First VC Round
		  Optical Firm Calix Out of Hiding With $158 Million
		  Avaki Announces $6M Series A, New Name, New CEO
		  Content Management Developer Cytura Gets $11M Round One
		  Grass Valley Grabs $36 Million In First Outside Round
		  Electronics Design Tool Firm Atrenta Gets $6.7M Series A
		  Flat Panel Co. ClairVoyante Labs Gets $4 M in Series A Funds
		  Financial Tech Firm Mantas Closes First Round
		 Lucent Takes Equity in Traffic Info Firm MetroCommute.com
		  Delphi Display Systems Gets $3 M Series A from Eaglestone
		 Fabless Semiconductor Firm Banderacom Gets $35M Round Two
		  Optical Device Maker Optium Raises $35.5 Million Round Two
		  OSS Software Maker AP Engines Closes $30 Million Round Two
		  Software Maker Harmonic Closes Series B at $15.2M
		  Wireless Provider Bluefish Gets $1.8 in Second Round Funds
		  Information Software Firm Casmir Raises $1.6M Second Round
		  NxtPhase Raises $25 Million in Round Three
		  SafeRent Collects $13.4 Million in Round Three
		  HydroCision Gets $2M from Oxford Bioscience, Closes Series E
		  PC Management Tech Firm Connected Raises $30M Series F
		  Qpass Clears $15 Million in Series F
		 Web-Based Planning Software Adaytum Gets $7.4 M Series F
		  Naviant, Online Marketing Technology Firm, Gets $15 Million

		bad news

		  Report: MetaTV Co-Founder, CEO is Arrested
		 AtomShockwave President Steps Down, Firm Closes Offices
		  Site Monitoring Firm webHancer Cuts 10% of Staff
		  Bitlocker.com to End Web Database Infrastructure Service

		new products

		  Telco Soma Networks to Launch with $70 M Raised to Date
		  Hardware Manufacturing Software Firm Bom.com Launches
		  ForwardAction Launches to Help Sacramento Area Startups
		  Biotech Firm Mycometrix Changes Name to Fluidigm
		  Software Infastructure Firm Gazoo Changes Name to Talaris
		  GDX Changes Name of Six Affiliates

		m&a

		  Schroder Ventures Acquires Market Place Media For $28M Cash
		  Progress Software Acquires Allegrix
		 Mobile App Firm Everypath Buys Sitraka's Mobility Division

		new directors

		  NETdelivery Appoints CDP Sofinov Exec. as New Director
		  Wall Street Global Appoints CML Executive to Board

		new people

		  Iris Labs CEO Joins Metera Networks as CEO
		  MobileStar Appoints WorldCom Head as President & CEO
		  World Wide Packets Adds Architel Systems Co-founder as Pres.

		vc fund news

		  Leader Capital's Next Joint Venture: Solvos Asia

		vw corrections

		  Bodha
		  Silicon Alley Seed Investors

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

		top

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		 top stories
		?
		William Blair Capital Partners Gets $403M for Fund VII
		 mail? top

		 CHICAGO (VENTUREWIRE) -- William Blair Capital Partners, which makes
venture-capital and later-stage investments, including management buyouts and
recapitalizations, announced it has closed $402.86 million for WBCP VII, its
seventh fund. Managing Director David Chandler said it took the firm nine
months to raise the fund, which held its initial closing at the end of last
year. WBCP, which raised $270 million in its previous fund, will continue to
invest in business and communications technology, healthcare, and business
and consumer services companies, said Mr. Chandler. He added that the company
will pursue co-investment opportunities with other venture capital firms.
Under the terms of the fund, he said the partners will receive 2% management
fees. Mr. Chandler said that WBCP VII has invested $10 million each in two
companies so far: Clear Communications, a provider of network management
software for optical networks, and medical-device company NuVasive. The
company intends to invest between $7 million and $30 million in 20 to 30
companies during the life of the fund.  Mr. Chandler commented that overall,
deal-flow has slowed tremendously because "many people are not happy with
valuations." He said WBCP is evaluating many deals it passed on months ago
that are returning at a much lower valuations. WBCP has raised over $1
billion of committed capital in seven private equity funds and has invested
in over 140 companies.
		http://www.wbcp.net

		Vitesse Acquires Versatile Optical Networks for 10M Shares
		 mail? top

		 SAN JOSE, Calif. (VENTUREWIRE) -- Versatile Optical Networks, which designs
and manufactures optical and opto-electronic modules for data and
communications networks, said it has entered into an agreement to be acquired
by Vitesse Semiconductor for 10 million shares of Vitesse common stock.
Vitesse said the deal is expected to be completed by the end of September and
its value will be calculated based on the price of Vitesse's stock at the
close of the transaction. On Monday, Vitesse was trading at approximately $24
a share. Vitesse said the two parties already had a working relationship when
discussions began four weeks ago. Versatile will be integrated into Vitesse,
and Versatile's co-founders Amit Jain and Roger Hajjar will continue with the
combined company. No changes are expected in Versatile's 72 person staff,
which will continue to operate from its San Jose, Calif. office. Founded in
April 2000, Versatile had received $11 million from Sequoia Capital and
Telesoft Partners.
		http://www.versatileoptical.com
		http://www.vitesse.com

		Guggenheim to Launch For-Profit Art Site with VC Backing
		 mail? top

		 NEW YORK (VENTUREWIRE) -- The Solomon R. Guggenheim Foundation, which
operates an international network of museums, announced the formation of
Guggenheim.com, a for-profit Web site dedicated to the visual and performing
arts. The site, which is backed by GE Equity, Pequot Private Equity, and
Softbank Venture Capital, is set to launch this fall. According to president
and chief operating officer Judith Cox, Guggenheim.com will be a for-profit
entity, completely separate in management and operations from the Guggenheim
Foundation. The company will be a collaboration of the Solomon R. Guggenheim
Foundation along with participating museums, including The State Hermitage
Museum in St. Petersburg, Russia; The Albertina in Vienna, Austria; The
Kunsthistorisches Museum in Vienna; and the Zentrum fur Kunst und
Medientechnologie/Center for Art and Media in Karlsruhe, Germany. The
company, which was founded in May 2000, plans to generate revenues from
channels including advertising and sponsorship, content subscription,
syndication, and e-commerce. Ms. Cox joined the Solomon R. Guggenheim
Foundation as general counsel in 1991, and served as its deputy director
prior to joining Guggenheim.com. Before joining the Guggenheim Foundation,
she worked as a lawyer with Bankers Trust. Thomas Krens, who is also director
of the Solomon R. Guggenheim Foundation, will serve as chairman and interim
CEO of Guggenheim.com. He previously served as planning consultant to the
Brooklyn Museum. Hani Rashid, a co-founder of architectural and interactive
digital design firm Asymptote, will serve as the company's chief creative
officer and chief technology officer. Guggenheim.com, which has raised an
undisclosed amount of private equity to date, is looking to close a Series B
round of financing within the next twelve months.
		http://www.guggenheim.com

		Warburg Pincus Takes The Cobalt Group Private
		 mail? top

		 NEW YORK  (VENTUREWIRE) -- In one of the first public-to-private conversions
for an Internet company, publicly traded firm The Cobalt Group said it would
become a private company with buyout assistance from Warburg Pincus, one of
its original venture investors. The Seattle-based company provides Web sites
and services to online auto dealers and went public in August 1999. The deal
is structured as a merger with a shell affiliate of Warburg Pincus, which may
put as much as $35 million into the deal, according to managing director Greg
Back. Shareholders will receive $3.50 in cash for each share of common stock
they own. Shares held by Warburg Pincus, about 46% of the company, will not
be converted in the merger, but some ten million shares representing half the
company are outstanding. The deal has been in the works for several weeks and
was an "unsolicited bid" by Warburg Pincus, said John W.P. Holt, The Cobalt
Group's president and CEO. Mr. Holt owns 3% of the company's shares and will
remain as its executive. After a special committee of independent directors
reviewed and recommended the offer, The Cobalt Group's board of directors
voted unanimously to accept the deal. The transaction is still subject to
shareholders' approval and SEC review, and will not be completed until
September. Some aspects of the deal have not been finalized. Mr. Holt said he
could not comment on whether Chicago-based First Analysis, The Cobalt Group's
original venture backer and a continued shareholder in the company, would
sell off its holdings or retain an equity stake. First Analysis, which holds
a board seat and voted in favor of the deal, could not be reached for
comment. Mr. Holt said The Cobalt Group's employees were likely to remain
shareholders but those terms too have yet to be determined. Mr. Back said
that until the transaction is closed, he would not comment on why Warburg
Pincus initiated the deal or how The Cobalt Group might benefit from being a
private company. Recently, several venture firms, including Charter Growth
Capital and Patricof & Co. have expressed interest in public-to-private
conversions of tech companies, noting that good deals are available for
companies that have sound business models but either went public too soon or
are in sectors out of favor with the market. But until now no venture firm
has executed such a deal for an Internet company. The Cobalt Group is not
profitable and does not expect to have positive cash-flow from revenues until
late this year or early next. The company has seven business units and 630
employees in five offices around the country. Mr. Holt declined to comment on
whether the company would return to the public market in the future or be
acquired. He did say his job "feels a lot more secure today than it did a
week ago," and said the company's business plan will remain unchanged.
		http://www.cobaltgroup.com

		 new money
		?
		Corporate Backed Integres Eyes First VC Round
		 mail? top

		 RANCHO CORDOVA, Calif. (VENTUREWIRE) -- Integres Global Logistics, a
Web-based freight service provider, formally announced itself last week with
$30 million in corporate financing but the company is already eyeing an
additional $10 million to $20 million of venture capital to take it to
profitability in 24 months time. Integres was founded in June 2000 by United
Airlines, Roadway Express, and Unisys (the three together own more than 50%
of the company) along with American Airlines, G-Log, and UTi Worldwide. Now
the company is in discussions with a major West coast venture capital firm
for an additional investment. Integres' chairman and CEO James Hartigan
declined to name the VC firm (he said it has more than $1 billion under
management) saying he wants to keep the company's options open for the right
match. Mr. Hartigan, formerly vice president of United Airlines Cargo, said
the company is seeking venture financing to complement its own logistics
experience with the industry's experience with startups and to take advantage
of possible business relationships with companies in a venture firm's
portfolio. Integres plans to launch in the third quarter of this year by
integrating the services of its founding corporations to provide hard freight
service options to small and medium-sized businesses. In addition to American
and United Airlines, Integres also expects to announce partnerships with
three to five additional international airlines within the next 60 days.
Although some of its business will overlap with FedEx and UPS, Integres said
its more direct competition would be with independent small forwarders. The
company plans to earn revenue as a reseller to airlines and transportation
companies, through a direct offering, and through franchising options.
Although revenue goals were unavailable, the company did say it plans to use
$15 to $20 million out of the $30 million committed by the end of 2001 and
expects to begin 2002 with the remaining $10 million to $15 million. The
majority of the financing thus far has been used to set the company up, hire
staff, lay down the IT framework, and for sales activities. Integres
currently employs 20 people and plans to triple or quadruple its staff by the
third quarter.
		http://www.integres.com

		Optical Firm Calix Out of Hiding With $158 Million
		 mail? top

		 PETALUMA, Calif.  (VENTUREWIRE) -- Calix, a fiber-optic networking company,
made its first public fundraising announcement, saying it has raised $158
million over the course of three rounds, with the latest in March, from Azure
Capital,  contract manufacturer Flextronics, Integral Capital Partners,
Michael Dell's MSD Capital, Meritech Capital Partners, Pivotal Asset
manatement, Redpoint Ventures, and individuals Ajaib Bhardare, co-founder of
Cerent, Carl Russo, vice president of the optical networking group at Cisco.
The company, valued at approximately $535 million, has hired Flextronics to
manfacture its product, designed to simplify complex communications
infrastructure and expand fiber-optic networks. A Calix spokesperson could
not say when the product would be released. Michael Hatfield,  president and
CEO, and Tom Corker vice president, optical products, both previously of
Cerent, founded Calix in 1999. The company now employs 275 people.
		http://www.calix.com

		Avaki Announces $6M Series A, New Name, New CEO
		 mail? top

		 CAMBRIDGE, Mass. (VENTUREWIRE) -- Avaki, which develops distributed
computing technology for enterprises, announced it has closed $6 million from
Polaris Venture Partners as part of its Series A round. David Fish, formerly
COO of Engage, has also been named CEO, president, and director. The company
also said it has changed its name from Applied MetaComputing to reflect its
expanded focus on enterprise software for converging distributed, pervasive,
and peer-oriented computing. Polaris, which lead the round, is the sole
investor in this first tranche. A second tranche of the same or slightly
larger size is expected to close at the end of the summer. Mr. Fish, the new
CEO, said investors may include other venture capital firms as well as
strategic investors. Pre-money, Avaki had a valuation of $11 million. Looking
ahead, Mr. Fish predicted the company would close Series B funding in the
middle of 2002. However, he said it was too early to predict how much Avaki
would raise. Avaki anticipates monthly revenues of approximately $100,000 in
fall 2001 and $500,000 by the second half of 2002. Concurrent with Series A
financing, Avaki has appointed three new directors from Polaris to the board:
general partner Mike Hirshland; and venture partners, Bob Metcalfe and Dave
Barrett. They join Anita Jones, former director of DOD Research and
Engineering, Mr. Fish, and founder Andrew Grimshaw on the board. In the top
posts, Mr. Fish replaces Mr. Grimshaw,  who was CEO for two years. Mr.
Grimshaw, who began working on the technology in 1993 at the University of
Virginia, now serves as chief technology officer. Mr. Fish was introduced to
Avaki through Mr. Hirshland of Polaris. New money from the first tranche will
be used to license intellectual property from the University of Virginia,
where the distributed computing technology was first developed. The second
tranche will be used for market development of Avaki's first product, an
enterprise-class middleware  platform that was released two months ago to
charter customers and for licensing technology from software vendors. Avaki
will approximately double in size by the year's end, adding positions for
sales and marketing and for engineering to its current staff of 22. The
company is also recruiting vice presidents for business development,
marketing, and engineering.
		http://www.avaki.com

		Content Management Developer Cytura Gets $11M Round One
		 mail? top

		 HEATHROW, Fla. (VENTUREWIRE) -- Cytura, which develops XML-based
enterprise-class portal frameworks for content management, said it has closed
$11 million in its first institutional round. Lovett Miller and Noro-Moseley
Partners invested in this round. As a result of the round, Allen Moseley of
Noro-Moseley and Scott Miller of Lovett Miller will join CEO Raj Toleti and
COO Thad Seymour on the board of directors. Mr. Toleti said the board is
expected to add outside directors, growing to seven board members in the next
three months. New money will be used for expanding into new markets such as
financial services and manufacturing. Staff size is expected to nearly double
as the company grows from 55 to approximately 90 employees. Cytura expects
between $10 million and $15 million in revenues over the next twelve months,
with break-even occuring at the end of 2001. This first round will carry the
company to profitability, said Mr. Toleti. The company was founded in 1998.
		http://www.cytura.com

		Grass Valley Grabs $36 Million In First Outside Round
		 mail? top

		 NEVADA CITY, Calif. (VENTUREWIRE) -- Grass Valley Group, a digital media
company, said it raised a $36 million round led by a Lazard private equity
affiliate, its first outside round since it spun out of Tektronix two and a
half years ago. Terence J. Gooding, executive chairman of Grass Valley Group,
also participated along with other, undisclosed investors.  According to
president and CEO Timothy E. Thorsteinson, the company will use the funding
to strengthen its research and development and to make strategic
acquisitions. "We're looking for companies that will help us grow the
business long term, adjacent to the space," said Mr. Thorsteinson. "Software
applications that would run on our server business." The company, which
acquired Vibrint Technologies, a developer of digital newsroom systems, in
March of 2000, has released eight new products in the last six months
including a shared-storage system, Internet encoder, a platform for digital
new production, routers, and a video production switcher. According to Mr.
Thorsteinson, "Anybody that wants to improve quality of their video,"
including streaming media and Internet companies, can benefit from Grass
Valley's products and services. Current clients include Viacom, Lucent
Technologies, CBS, DirecTV, Ibeam, and NBC, which recently entered into a $25
million 3 year agreement with Grass Valley. "While the industry is going
through a bit of a slowdown right now, double digit growth is predicted over
the next three to five years," said Paul J. Zepf, Lazard's managing director,
who has taken the seventh seat on Grass Valley's board of directors. "Grass
Valley has most if not all of the elements we look for in a company. Mr.
Thorsteinson said the company, which saw $200 million in revenues last year,
plans to become profitable next quarter, and, depending on external market
conditions, could seek an IPO within the next few years.
		http://www.grassvalleygroup.com

		Electronics Design Tool Firm Atrenta Gets $6.7M Series A
		 mail? top

		 SAN JOSE, Calif. (VENTUREWIRE) -- Atrenta, a provider of collaborative
software tools for the design of complex electronic products, said that it
received $6.7 million in the first close of its Series A financing from
Venrock Associates, Qinvest, and Qwest. New investor Venrock led the round,
in which Qinvest and Qwest provided a combined $1.2 million. Atrenta said it
plans to use the new funds for marketing and sales, as well as for the
expansion of its staff, particularly in engineering. The company, which is
currently in revenue stage, expects the funds to last until profitability,
which it expects to reach by the second quarter of 2002. As a result of this
financing, Brian Ascher of Venrock Associates and Michael Hackworth of Cirrus
Logic have been granted seats on the company's five-member board of
directors, which still has two seats vacant. Prior to this round, the company
was backed by individuals. With an eye to strategic funds, Atrenta is looking
to close this round at $8 million within the next month.
		http://www.atrenta.com

		Flat Panel Co. ClairVoyante Labs Gets $4 M in Series A Funds
		 mail? top

		 SEBASTOPOL, Calif. (VENTUREWIRE) -- ClairVoyante Laboratories, a provider of
sub-pixel rendering technology for flat-panel displays, said it received $4
million in Series A funding from The Angels' Forum, Lakshmi Technologies,
North Bay Angels, Pacifica Fund, Selby Venture Partners, and unnamed
individuals. Selby Venture Partners, a new investor, led the round. According
to ClairVoyante's CEO and CTO Candice H. Brown Elliott, the company has a
post-money valuation of $8.5 million and a burn rate that is "ramping up."
Expected to last the company about 18 months, the funds will be used for
research and development as well as for staff expansion. As a result of the
financing, there were three new appointments to ClairVoyante's five-member
board of directors: Douglas Barry, a general partner with Selby Venture
Partners; Tim Oren, a general partner with Pacifica Fund; and private
investor Scott Macomber, who was most recently president of fabless IC
company Silicon Image. ClairVoyante, which currently has a team of six, said
it is actively hiring engineers and business development executives. Ms.
Elliot anticipates the headcount to reach 19 by the year's end, and 35 by the
close of 2002. She told VentureWire that company will be looking for Series B
financing of between $10 million and $20 million, to close by the first
quarter 2002.
		http://www.clairvoyante.com

		Financial Tech Firm Mantas Closes First Round
		mail? top

		 FAIRFAX, Va. (VENTUREWIRE) -- Mantas, a software provider for the global
financial services industry, announced closing its first round with an
undisclosed amount of funding from SRA International and Safeguard
Scientifics. Mantas is the first spin-off company from SRA Ventures, a joint
venture formed by SRA International and Safeguard Scientifics to take
advantage of SRA's technology. Richard Spires, formerly an executive at SRA
International, is the president and COO of Mantas.
		http://www.sra.com

		Lucent Takes Equity in Traffic Info Firm MetroCommute.com
		 mail? top

		 NEW YORK (VENTUREWIRE) -- MetroCommute.com, a provider of real-time traffic
information, said that it has granted Lucent Technologies an equity stake in
exchange for technology and an undiclosed amount of capital. As part of this
agreement, MetroCommute.com has acquired the worldwide rights to license
Lucent's automatic speech recognition and text-to-speech PhoneBrowser
technology. MetroCommute.com currently publishes data on its Web site and
through e-mail updates to wireless devices. The new services, which will
enable users to gain access to traffic information via mobile phones, are set
to launch within the next 90 days. As a result of this transaction, David
Stahl, a director of the Lucent New Venture Group, has been granted the sixth
seat on the board. Prior to this investment, MetroCommute.com has been backed
by individuals. The company is currently seeking an undisclosed amount of
first round financing, set to close by September.
		http://www.metrocommute.com

		Delphi Display Systems Gets $3 M Series A from Eaglestone
		mail? top

		 COSTA MESA, Calif. (VENTUREWIRE) -- Delphi Display Systems, which designs
and manufactures outdoor digital video display systems for the quick service
restaurant industry, said that it received $3 million in Series A financing
from Eaglestone Investment Partners. The company, which is currently
profitable, plans to use the new funds for product development and general
expansion. As a result of this financing, Eaglestone Investment Partners has
been granted a seat on the company's five-seat board of directors. President
and CEO Ken Neeld told VentureWire that he did not anticipate any additional
financing "at least for the next couple of years." Delphi Display's
applications include drive-through order confirmation, digital
point-of-purchase advertising, electronic billboards, and outdoor information
kiosks. Prior to this round the company was backed by unnamed individuals.
		http://www.delphidisplaysystems.com

		Fabless Semiconductor Firm Banderacom Gets $35M Round Two
		 mail? top

		 AUSTIN, Texas (VENTUREWIRE) -- Banderacom, which provides fabless InfiniBand
semiconductors, announced it has closed $35 million in a second round of
funding from Austin Ventures, Crossroads Systems, Infinity Venture Capital,
Intel, Jato Tech Ventures, QLogic, and Trinity Venture Capital. New investors
included Infinity Venture Capital, which led the round, QLogic, and Trinity
Venture Capital. All of Banderacom's existing investors participated in the
round. Although a company spokesperson did not disclose post-money valuation,
she said it was "significantly larger" than that of the previous round.
QLogic will take the sixth seat on Banderacom's board of directors. Funds
will be used for developing the IBandit silicon products family, which is
expected to launch in the third quarter. Second-round funding is expected to
last at least 18 months, at which time Banderacom expects to raise a third
round of roughly the same size. Although the company did not share revenue
projections, a spokesperson said Banderacom will break even in 18 to 24
months. Banderacom, which was founded in 1999, employs 70 and expects to add
about 50 more by the end of the year. New positions will be primarily in
software engineering.
		http://www.banderacom.com

		Optical Device Maker Optium Raises $35.5 Million Round Two
		 mail? top

		 ORLANDO, Fla. (VENTUREWIRE) -- Optium, which has developed proprietary
optical device and packaging technology to enhance high-speed voice and data
transmissions, announced it has raised $35.5 million in its second round of
funding from Battery Ventures, Corning Innovation Ventures, Dominion
Ventures, Texas Pacific, Kalkhoven, Pettit & Levin Ventures, and Kee Munder
Venture Partners. Kalkhoven, Pettit & Levin Ventures led the round, which
brings the total capital raised by Optium to date to $50 million. Texas
Pacific, Kee Munder Venture Partners, and Dominion Ventures were new
investors in the company. Founded in November 2000, Optium is headed by
co-chairman and CEO Paul Suchoski and Eitan Gertel, co-chairman and
president. Optium's optical technology was developed at the University of
Central Florida's School for Optics. The company has 40 employees and is
planning an aggressive hiring and marketing campaign.
		http://www.optium.com

		OSS Software Maker AP Engines Closes $30 Million Round Two
		 mail? top

		 MAYNARD, Mass. (VENTUREWIRE) -- AP Engines, which provides operational
support systems (OSS) integration platforms for telephony and broadband
provisioning and usage management, said it has closed $30 million in a second
round of funding. Atlas Ventures, Bessemer Venture Partners, Commonwealth
Capital Venture, Enron Broadband Services, Lighthouse Capital Partners,
Mentmore Venture Partners, and Thomas Weisel Capital Partners participated in
the round. New investor Thomas Weisel led the round; Enron, Lighthouse, and
Mentmore were also new investors in the company. The round also included $5
million in debt financing from Lighthouse. Company spokesperson Gary P.
Strickland declined to disclose post-money valuation, but indicated that it
was nearly double that of the previous round. As a result of the round,
Thomas Weisel takes a seat on AP Engines' board, bringing the total number of
directors to six. Funds will be used for research, development, and
distribution. This year's revenues are expected to exceed $10 million, with
the company breaking even in the first half of 2002.
		http://www.apengines.com

		Software Maker Harmonic Closes Series B at $15.2M
		 mail? top

		 SAN FRANCISCO, Calif. (VENTUREWIRE) -- Harmonic Communications, which
provides enterprise management software for campaign development across
traditional and digital media, announced it has closed $15.2 million in
Series B financing. Investors included Dentsu and Sequoia Capital. New
investor Dentsu led the round with $11.5 million in investments, while
Sequoia, the only existing investor, made up the balance. Valuation has
increased since the previous $10.8 million round, though president Gina
Bianchini declined to give details. Dentsu gains an observer seat on the
board, which consists of five directors. Funds will be used for technology
development and building out a Japanese market. Though she declined to share
projections for revenues or profitability, Ms. Bianchini said she did not
expect the company to raise another round of financing.
		http://www.harmonic.net

		Wireless Provider Bluefish Gets $1.8 in Second Round Funds
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Bluefish Wireless, which develops a wireless
platform for two-way infrared communication between Palm-based handheld
devices and the Internet, said that it received $1.8 in second round funding
from Allen & Buckeridge and NetworkAsia. The round was led by NetworkAsia, a
new investor. According to CEO James Fisher the company plans to dedicate the
new financing to product, technology, and business development. This was an
up round, with post-money valuation of $7.5 million. Citing a monthly burn
rate of $180,000, Mr. Fisher expect the new funds to last through the next
year. With revenues anticipated by the end of this year, the company is
looking to achieve profitability by the third quarter of 2002. As a result of
this finanancing, Jason Cornell of NetworkAsia has been appointed to
Bluefish's five-member board of directors, which includes David Landers of
Allen & Buckeridge. In November 2000 the company raised $750,000 in Series A
financing from Allen & Buckeridge and unnamed individuals. Bluefish is
currently seeking Series C funds of around $10 million, set to close by the
first quarter 2002.
		http://www.bluefishusa.com

		Information Software Firm Casmir Raises $1.6M Second Round
		 mail? top

		 SALFORD, England (VENTUREWIRE) -- Casmir, which develops knowledge
management software, said it closed its second round at GBP 1.1 million ($1.6
million) from Axiomlab, Yorkshire Fund Managers, the University of Salford
Enterprises, and individuals. Previous investor Axiomlab led the round and
all the other participating investors were existing backers. Casimir said the
funding would be used for the marketing of its recently released first
product, Socialiser, which is a collaborative information retrieval software.
		http://www.casmir.net

		NxtPhase Raises $25 Million in Round Three
		 mail? top

		 VANCOUVER, Canada (VENTUREWIRE) -- NxtPhase, which develops digital and
fiber software and hardware for the electric power industry, said it has
closed $25 million private equity financing in a third round. Canadian
Science and Technology Growth Fund, GE Equity, GrowthWorks Capital,
Hydro-Quebec Capitech, Mitsubishi, Reliant Energy Ventures, Perseus 2000,
Western Technology Seed Investment Fund LImited Partnership, and Wexford
participated in the round. New investor GE Equity led the round, which
included other new investors Mitsubishi, Perseus 2000, Reliant Energy
Ventures, and Wexford Capital. All existing investors participated as well.
BIBC World Markets served as financial advisors. Post-money, the company's
valuation was higher than after the last round. Hans Kobler, vice president
of GE Equity, joins the board of directors, as does managing director of
Perseus 2000 John C. Fox. The board includes seven members, including one
seat reserved for an outside director. Funds will last for a couple of years,
said NxtPhase CEO Richard MacKellar, but the company expects to seek more
financing in the future. In addition to product development and working
capital, the new money will also help complete a manufacturing facility that
will integrate, test, and ship products. The company expects the facility to
be finished in the third quarter. NxtPhase, which employs 75 currently, will
add at least 25 more by the end of the year. To date the company has raised
$32.3 million. NxtPhase was formed in 1998 through a merger of Carmanah
Engineering and part of Honeywell's space and aviation group.
		http://www.nxtphase.com

		SafeRent Collects $13.4 Million in Round Three
		 mail? top

		 DENVER, Co. (VENTUREWIRE) -- SafeRent, a provider of online credit and risk
management services to the apartment industry, said it has closed $13.4
million in third round funding. Archstone Communities, AvalonBay Communities,
Boulder Ventures, Cohen & Steers Capital Management, Hexagon Investments,
Inter-Atlantic Fund, Internet Realty partners, Mellon Ventures, Potomac
Ventures, and Roser Ventures provided the funding. Existing investor Mellon
Ventures led the round, which included new investors AvalonBay Communities,
Cohen & Steers Capital Management, Inter-Atlantic Fund, and Internet Realty
Partners. The remaining participants are existing investors. SafeRent's CEO
Linda Bush said post-money valuation declined since the last round. No board
appointments resulted from this round. SafeRent said the new money will be
used for sales and marketing and for launching new products. The company
expects to launch services for affordable housing, criminal recommendations,
portfolio analysis, and small owners. The company will add approximately
twelve new positions to its 75-employee staff, half for sales and marketing
and half for software development. SafeRent expects revenues for 2001 to
total between $10 million and $11 million, with the company breaking even in
the first quarter next year. The company will "more likely" be a candidate
for acquisition than for an IPO, said Ms. Bush. The company has raised more
than $21 million in equity  financing to date.
		http://www.saferent.com

		HydroCision Gets $2M from Oxford Bioscience, Closes Series E
		 mail? top

		 ANDOVER, Mass. (VENTUREWIRE) -- HydroCision, a provider of waterjet
technology for arthroscopic surgical procedures, said that it closed its
series E round with an additional $2 million in financing from Oxford
Bioscience Partners. This investment brings the company's Series E round,
which had its initial close in April, to $7.5 million. New investor Oxford
Bioscience Partners led this round, with participation from previous
investors Newbury Ventures and Zero Stage Capital. The company plans to
dedicate the new funds to sales and marketing, as well as for the developent
of products geared toward surgical fields related to urology, dermatology,
and gynecology. According to HydroCision's president and CEO Donald C.
Freeman Jr., this was an up round, with a post-money valuation of $19
million. Declining to reveal the company's burn rate, Mr. Freeman said he
expects the funds to last "at least a year" and eyes profitability by
mid-year 2002. As a result of this financing, there were no new appointments
to the company's five-member board of directors, which includes Jeff Barnes
of Oxford Bioscience Partners, Bruce Baur of Newbury Ventures, and Paul
Kelley of Zero Stage Capital. The company has raised $10.7 million to date.
		http://www.hydrocision.com

		PC Management Tech Firm Connected Raises $30M Series F
		 mail? top

		 NATICK, Mass. (VENTUREWIRE) -- Connected, which provides corporations with
software and services to manage and protect their desktops and mobile PCs as
well as stored information assets, said it has secured $30 million in its
Series F round of funding led by previous investor, Baker Capital and
Fidelity Ventures. Five new investors -- Peregine Systems, StarVest Partners,
New York Life Capital Partners, Ironside Ventures and Deutsche Banc Alex.
Brown -- also participated in this round along with existing investors,
Granite Ventures, Applied Technology and Solstice Capital. CEO Bob Brennan
said the company went through a difficult fundraising process, which lasted
seven months and with more than 60 meetings. He declined to discuss the
details of the valuation, saying it was in the $50 million to $100 million
range, and essentially a flat round compared to the previous round. Connected
plans to use the funding to accelerate the development and marketing of its
latest software, which is slated to launch at the end of the month. The
company, which has a total of 150 employees, also intends to expand its staff
in Europe. Mr. Brennan said Connected has no plans to raise an additional
funding because the company has sufficient capital to fund all operations
until it reaches profitability in the first half of 2002. Presently,
Connected has about 310 Global 2000 customers, including Hewlett Packard
North America, Lucent Technologies, PeopleSoft, and Cisco Systems. Connected
has made $25 million in annualized revenues and expects revenues to continue
doubling each year as it has done for the past three years, Mr. Brennan said.
Connected's products and services are geared toward reducing computer
downtime by improving backup and recovery of data, migration, and application
self-healing. Connected said that Intel, a previous investor, was "not
encouraged" to invest in this round, and following a mutual agreement, also
declined investments from Softbank, another previous investor.
		http://www.connected.com

		Qpass Clears $15 Million in Series F
		mail? top

		 SEATTLE (VENTUREWIRE) -- Qpass, a provider of commerce services
infrastructure, said it raised $15 million in its Series F round from
Accenture Technology Ventures, American Express, Hook Partners, J&W Seligman
& Company, Oak Investment Partners, Partech International, RRE Ventures,
SeaPoint Ventures, Venrock Associates, and individuals. All the investors in
this round were previous investors. The company said the funding would be
used for continuing product development and for client services
infrastructure. To date, Qpass has raised $85 million.
		http://www.qpass.com

		Web-Based Planning Software Adaytum Gets $7.4 M Series F
		 mail? top

		 MINNEAPOLIS (VENTUREWIRE) -- Adaytum, which provides Internet-based
enterprise planning software that allows organizations to plan, track,
analyze, and forecast business activities, announced it has raised $7.4
million in its Series F round from 3i Group, Accenture, American Express,
J.P. Morgan/H&Q, and St. Paul Venture Capital. Previous investor St. Paul
Venture Capital led the round, in which all the participating investors were
existing Adaytum backers. Compared to the previous round, the Series F was a
flat round, said CEO Guy Haddleton. He added that the company now had
sufficient funding to sustain the business until it gets to profitability
sometime before the end of the year. The company plans to use the round to
continue its worldwide growth in sales, marketing, branding, consulting, and
product development. The company, which has a total of 322 employees, plans
to add 30 more people to its staff by the end of the year, said Mr.
Haddleton. Adaytum expects to make between $55 million to $60 million in
revenues this year. The company, which has raised over $30 million to date,
has filed for an initial public offering. Mr. Haddleton said that, in spite
of the poor performance of the stock market, he has no plans to pull the S-1
registration filed last June. J.P. Morgan H&Q serves as the lead underwriter,
along with Piper Jaffray and FAC Equity. Adaytum is proposing an offering
price between $9 and $11, and expects to raise $50 million to $60 million in
the offering. Adaytum has offices in the U.K., The Netherlands, and
Australia, and has 22 distributors worldwide.
		http://www.adaytum.com

		Naviant, Online Marketing Technology Firm, Gets $15 Million
		 mail? top

		 NEWTON SQUARE, Pa. (VENTUREWIRE) -- Naviant, the parent company of Naviant
Marketing Solutions, a provider of marketing tools for customer relationship
management, raised $15 million from Softbank Capital Partners and TL
Ventures. Softbank, which had invested $25 million in Naviant in March 2000,
led the round with a $14 million investment. TL Ventures contributed $1
million to the round. Both Steve Murray, of Softbank, and Robert E. Keith
Jr., of TL Ventures, will take seats on the Naviant board of directors.
		http://www.naviant.com

		 bad news
		?
		Report: MetaTV Co-Founder, CEO is Arrested
		mail? top

		 NEW YORK (VENTUREWIRE) -- Ranjit Singh Sahota, CEO and co-founder of
interactive television technology provider, MetaTV, was arrested for
allegedly raping a 12-year-old girl he met on the Internet, according to a
report in today's Wall Street Journal. According to the Journal, Andrew Lev,
MetaTV co-founder and president, will continue to run the company. Mr. Singh
Sahota was arrested in San Francisco's Golden Gate Park after approaching an
FBI agent who had been posing as a 14-year-old girl with whom Mr. Singh
Sahota had conducted sexually explicit online chats, the report said.
According to the report, Mr. Sahota is accused of meeting the 12-year-old
girl in Internet chat rooms last year. Authorities say he arranged to meet
her in a park and lured her to a hotel room where he allegedly raped her.
MetaTV, which is based in Sausalito, Calif., raised $28 million in April of
2001 from investors including Comcast Interactive Capital, Cox
Communications, Atrium Venture Partners, Crown Technology Partners, Harron
Capital, Liberate Technologies, Redpoint Ventures, Rosewood Venture Group,
and Saints Ventures.
		http://www.metatv.com

		AtomShockwave President Steps Down, Firm Closes Offices
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- AtomShockwave, an online entertainment and
content distribution company, said its president Matt Hulett is stepping
down. The company also disclosed some details of its recent staff cuts and
said that it is closing its New York and Los Angeles offices and phasing out
its London office. A company spokersperson would not confirm published
reports that 120 people were laid off last week, but did say that 50
employees remain at the company. At its peak, AtomShockwave employed 180
people. The company had no comment on severance packages. AtomShockwave said
it will continue to operate its offices in Japan and San Francisco.
AtomShockwave's backers include Allen & Co., Arts Alliance, Chase Capital
Partners, Intel Capital, J.P. Morgan Entertainment Partners, Macromedia
Ventures, Sequoia Capital, Trans Cosmos USA, Warner Bros. Online, WaterView
Advisors, and individuals.
		http://www.atomshockwave.com

		Site Monitoring Firm webHancer Cuts 10% of Staff
		 mail? top

		 OTTAWA (VENTUREWIRE) -- WebHancer, an Ottawa-based company that monitors and
analyses Web site performance, has cut eleven employees from its staff,
according to its CEO Bruce Linton. The layoffs resulted in early May from the
company's decision to cut its scalability testing operations, which Mr.
Linton said was "not a core business area." Those operations had proved an
obstacle to potential partnerships with companies such as Mercury or RSW that
have strong and competing scalability testing offerings, he said. Mr. Linton
said he does not expect the company to be profitable before the second
quarter of 2002. The company's sales cycle has been extended as potential
customers have become "incredibly cautious." WebHancer generates revenues
through monthly subscriptions and is focused on signing customers among the
top 100 to 200 most highly trafficked Web sites. Mr. Linton did not disclose
the company's burn rate, but said that the firm's major costs come from
employee salaries. About 75% of the company's 86 employees are technical
staff, he said. The company, which last raised funds in June 2000 with a $13
million round, will not begin new fundraising until at least September. Mr.
Linton also declined to comment on the company's current valuation. Venture
Investment Management Co., Jefferson Partners, Skypoint Capital, McLean
Watson Capital, and Capital Alliance are investors in webHancer, as is
strategic partner Entrust Technologies. webHancer had also received funding
from PSINet Ventures as part of a partnership agreement to develop technology
for e-business programs with PSINet, which filed for bankruptcy last week.
Mr. Linton said the company had "learned a lot from executive discussions"
with PSINet but that the PSINet agreement was "not part of our go-to-market
plan." Despite the layoffs, webHancer is still hiring. Two new employees, in
business partnerships and sales, joined the company this week, and spots are
open in operations and R&D, Mr. Linton said.
		http://www.webhancer.com

		Bitlocker.com to End Web Database Infrastructure Service
		 mail? top

		 PALO ALTO, Calif. (VENTUREWIRE) -- Bitlocker.com, a provider of Web database
infrastructure to high volume Web sites, will end its service as of June 15,
according to the company Web site. CEO Rich Shane declined to comment on the
company's financial situation, but indicated that Bitlocker.com may make a
formal announcement by the end of June. Bitlocker.com has raised $10 million
from Angel Investors, Labrador Ventures, Redleaf Group, two law firms, an
accounting firm, and individuals including Four11 and RocketMail co-founder
Michael Santullo.
		http://www.bitlocker.com

		 new products
		?
		Telco Soma Networks to Launch with $70 M Raised to Date
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Soma Networks, a "last mile"
telecommunications infrastructure company which is launching later this year,
said it has raised $70 million to date over multiple rounds of funding from
individuals including former N.J. Senator Bill Bradley; Jim Manzi, former CEO
of Lotus Development; Compaq Computer's co-founder Ben Rosen, and other
undisclosed investors. CFO Scott Gibson said Soma plans to launch its first
product, SomaPort, after it completes its customer trials later this year.
Soma is developing telecommunication infrastructure to provide converged
voice and broadband data services for the "last mile." The technology enables
local exchange carriers, competitive local exchange carriers, wireless
telephone companies, and other service providers to provide complex telephony
and data services to residential customers and small offices. Soma says it
has the only IP wireless system able  to handle a mix of real services
including voice and videoconferencing, without the lead time and expense
associated with negotiating rights of way, digging trenches, or laying copper
or cable. The company said consumer spending for telephony, broadband
Internet access, and related residential services will be $105 billion by
2002 and more than 70% of that spending can be captured by Soma Networks'
target service provider customers. Yatish Pathak, president and CEO; Martin
Snelgrove, senior vice president of product strategy; and Michael Stumm,
chief technology officer founded the company in January 1998. With 230
employees, Soma also has offices in Ottawa, Toronto, and Richardson, Texas.
		http://www.somanetworks.com

		Hardware Manufacturing Software Firm Bom.com Launches
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Bom.com, which provides a Web-based
software application for hardware design and manufacturing organizations with
a centralized workspace for storing, managing, accessing, and sharing all
data, announced it has launched its first product. The product, which is also
called bom.com, employs a relational database to manage whole-product bills
of materials and information, allowing companies to reuse design data and
reduce development costs and speed up time to market. Bom.com charges $100 a
month per user. The company was founded by CEO Michael Topolovac, previously
founder and CEO of Light & Motion Industries; CTO Eric Larkin, a former
consultant with design and development firm D2M; and COO Michael DeLapa, who
was previously interim COO and vice president of Web site publishing at
Beyond.com. Bom.com is backed by John Pasquesi, former managing director of
Helman and Friedman; Jeffrey Rodman, co-founder of Polycom; Jerome Dodson,
president of Parnassus Fund; Brian Underwood, founder of Silicon Image; and
other individuals.
		http://www.bom.com

		ForwardAction Launches to Help Sacramento Area Startups
		 mail? top

		 ROSEVILLE, Calif. (VENTUREWIRE) -- ForwardAction, a consulting firm focused
on assisting seed and early stage companies in the Sacramento area, announced
its launch. ForwardAction, which will receive both fees and equity for its
services, said it already began assisting eight startups in the first quarter
of 2001. The company focuses on startup companies in the high-tech and
consumer packaged goods sectors that have a completed product and are seeking
multimillion-dollar funding to formally launch their companies. A
spokesperson for ForwardAction said the firm is working with a number of
undisclosed venture capital firms. ForwardAction's current high-tech startup
clients include Emaginews, iConvention, and StratoLink. The company said it
is in the process of formally launching its incubator, Launch! Idea
Accelerator.
		http://www.forwardaction.com

		Biotech Firm Mycometrix Changes Name to Fluidigm
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Mycometrix , a developer of on-chip,
microscale valves and pumps that control femtoliters of fluid for the
biotechnology industry, announced that the company has changed its name to
Fluidigm. The company, whose micro-pump and valve technology is used to
create miniature fluidic circuits, currently targets drug discovery arena.
Future applications for its products include the drug delivery, diagnostics,
chemical, and power markets. Fluidigm is backed by InterWest Partners.
		http://www.fluidigm.com

		Software Infastructure Firm Gazoo Changes Name to Talaris
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Gazoo, a software infrastructure company that
develops and markets a platform and application for buyers and suppliers of
business and personal services, announced it has changed its name to Talaris.
Currently in stealth mode, Talaris plans to launch in early summer. The
company is funded by Jafco Ventures, Charter Venture Capital, and individual
investors.
		http://www.talaris.com

		GDX Changes Name of Six Affiliates
		mail? top

		 LINCOLNSHIRE, Ill. (VENTUREWIRE) -- Global DocuGraphix (GDX), a document
management and graphics services firm, said six of its affiliate companies
have changed their names to Global DocuGraphix, for Everything Business. GDX
cited an increased awareness for brand recognition as the reason for the
change. The companies that have changed their names are: Associated Business
Products of Santa Rosa, Calif.; Bank and Business Systems of Baton Rouge,
La.; BNB Systems of Little Rock, Ark.; Data Pro of Huntsville, Ala.; Inform
of Nashville, Tenn.; and Structured Graphics of Houston, Texas. Three GDX
affiliate companies have not changed their name. They are Document Imaging of
Greenwood Village, Colo.; Scanning Systems of Eden Prairie, Minn.; and
TopForm Software of Norcross, Ga. Global DocuGraphix is backed by Thoma
Cressey Equity Partners.
		http://www.gdx.cc

		 m&a
		?
		Schroder Ventures Acquires Market Place Media For $28M Cash
		 mail? top

		 NEW YORK (VENTUREWIRE) -- The Schroder Ventures US Fund, a private equity
fund focused on media, communications, technology, and services, said it
signed a definitive agreement to acquire Armed Forces Communications, known
as Market Place Media (MPM), from publicly traded CTN Media Group for $28
million in cash. MPM provides advertisers with media placement and promotions
services targeted at speciality markets including minority, college, and
military markets. Andy Sawyer, senior vice president and CFO of MPM, will
become president of the newly independent MPM when the deal closes. All 90
employees will remain with MPM. The company brought in $48 million in
revenues in 2000. Schroder Ventures comprises 24 funds with committed capital
of more than $7 billion. The firm formed Schroder Ventures U.S. Fund in 1999.
		http://www.schroders.com

		Progress Software Acquires Allegrix
		mail? top

		 BEDFORD, Mass. (VENTUREWIRE) -- The Progress Company, a business unit of
publicly traded Progress Software, said it acquired Allegrix, an application
service provider based in Santa Clara, Calif. Financial details of the
transaction were not disclosed. Allegrix will operate as a business unit of
Progress Software and remain in Santa Clara, Calif. Co-founders CEO Chris
Clabaugh and COO Scott Chapman will continue with the combined company and no
changes are expected to Allegrix's staff. In total, Allegrix had raised $5.6
million in seed and first round funding from Signia Ventures, the Santa Cruz
Operation, Western Investment Capital, and individuals.
		http://www.allegrix.com

		Mobile App Firm Everypath Buys Sitraka's Mobility Division
		 mail? top

		 SAN JOSE, Calif. (VENTUREWIRE) -- Everypath, a mobile application platform
provider, announced it has acquired the mobility division of Sitraka, a
provider of Internet software technologies for IT organizations, in a cash
and stock transaction of undisclosed value. Matt DiMaria, the company's vice
president of marketing, said Everypath will integrate Sitraka's mobile alert
and response platform with its own. Mr. DiMaria said Everypath will retain
over two dozen employees from Sitraka, who will remain in their Toronto
office. Everypath has raised about $98 million in funding to date from
Accenture's AC Ventures, Amerindo Investments, Asia Tech Management,
Comdisco, Dain Rauscher Wessels, Deutsche Bank Alex. Brown, E*Trade,
Liberate, Raza Ventures, Redwood Ventures, Robertson Stephens, Sevin Rosen
Funds, Sun Microsystems, Texas Pacific Group, U.S. Venture Partners,
Wasserstein Adelson Ventures, and WR Hambrecht.
		http://www.everypath.com

		 new directors
		?
		NETdelivery Appoints CDP Sofinov Exec. as New Director
		 mail? top

		 BOULDER, Colo. (VENTUREWIRE) -- NETdelivery, a provider of digital
technology for online data management, announced that Fabrice Lucherini, an
investment manager for CDP Sofinov, a subsidiary of the Caisse de depot et
placement du Quebec, has joined its board of directors. Mr. Lucherini joins
as the seventh member of the company's board of directors, which includes
George Middlemas, managing general partner of Apex Investment Partners; John
Regan, general partner of Keystone Venture Capital; and John R. Walter, the
former CEO and COO of AT&T. This is a new seat on the board. NETdelivery is
backed by Apex Investment Partners, Keystone Venture Capital Management,
Output Technlogogy Solutions, and United Parcel Service.
		http://www.netdelivery.com

		Wall Street Global Appoints CML Executive to Board
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Wall Street Global, a provider of Internet-based
mutual funds and annuities platforms for mid-size financial institutions,
announced that Charles M. Leighton, most recently the founder and chairman of
retailer CML Industries, has joined its board of directors. Mr. Leighton
joins as the fifth member of the company's board, which currently does not
represent any venture investors. To date, Wall Street Global has raised about
$2 million from the Wall Street Financial Group and unnamed individuals. The
company, which expects to reach profitability within the year, is in the
process of raising an undisclosed amount of first round financing.
		http://wallstreetglobal.com

		 new people
		?
		Iris Labs CEO Joins Metera Networks as CEO
		 mail? top

		 RICHARDSON, Texas (VENTUREWIRE) -- Metera Networks, which develops optical
service aggregation and management products for metro-area carrier networks,
said H. Michael Zadikian has joined the company as CEO and president. He had
served as president and CEO of Iris Labs, a member of the Iris Group startup
alliance and provider of network management software. Mr. Zadikian, who also
gains a seat on the Metera board,  replaces Zareh Baghdasarian, a Metera
co-founder and former CEO. Mr. Baghdasarian left the company to join Coree
Networks as chief operating officer and executive vice president of
engineering. Coree Networks, an Iris Group startup company, develops core
packet switching systems. The Iris Group alliance consists of Coree Networks,
Iris Labs, Latus Lightworks, and Metera Networks. Metera Networks is backed
by $24 million from Mayfield Fund, Sevin Rosen Funds, Lightspeed Venture
Partners, and Hook Partners.
		http://www.metera.com

		MobileStar Appoints WorldCom Head as President & CEO
		 mail? top

		 RICHARDSON, Texas (VENTUREWIRE) -- MobileStar Network, a provider of
broadband wireless Internet access, announced the appointment of Robert A.
Kaiser as its new president and CEO. Prior to joining MobileStar, Mr. Kaiser
served as CEO of WorldCom broadband solutions group. Mr. Kaiser replaces
former president and CEO Mark Goode, who left the company in early March to
pursue personal interests. In the interim, a "president's office" comprising
Ali Tabassi, the company's chief technology and development officer, George
Sutton, chief operating officer, and chief financial officer Kevin McAleer,
maintained the company's day-to-day operations. Prior to joining WorldCom,
Mr. Kaiser served as CEO and CFO of SkyTel, where he was responsible for
SkyTel's financial restructuring which led to WorldCom's acquisition of the
company. MobileStar is backed by Blueprint Ventures, Mayfield Fund, Norwest
Venture Partners, Sienna Ventures and Texas Pacific Group.
		http://www.mobilestar.com

		World Wide Packets Adds Architel Systems Co-founder as Pres.
		 mail? top

		 SPOKANE, Wash. (VENTUREWIRE) -- World Wide Packets, which provides hardware
and software for optical broadband connectivity, said it appointed David
Curry president and chief operating officer. Mr. Curry is a board member and
an investor in the company, and previously co-founded Architel Systems, a
telecom and OSS product and services provider in Canada. World Wide Packets
is backed by Azure Capital Partners, Corning Innovation Ventures, Koch
Ventures Group, Millennium Technology Ventures, and Rock Creek Capital.
		http://www.worldwidepackets.com

		 vc fund news
		?
		Leader Capital's Next Joint Venture: Solvos Asia
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Leader Capital Management, the New York-based
corporate venture capital unit of Korean conglomerate SK Global, will launch
another joint venture, Solvos Asia, within the next two weeks, according to
Sabrina H. Moon, vice president of venture capital for SK Global America. The
new joint venture is part of Leader's ongoing strategy to launch Asian
startups in partnership with its existing U.S.-based portfolio companies.
Solvos, a New York-based provider of vendor selection automation software,
will help form Solvos Asia with Leader Capital Management. Typically, a
Leader startup will hold 30% of the equity in its Asian counterpart, with SK
Global leading a group of Asian investors to hold 70% equity. These Asian
investors include V Society, a group of individual investors. "We'll fund an
idea in this country and if there is a value proposition for the Asian market
we bring that company into the Asian market," said Ms. Moon. She added that
being a unit of SK Global, one of the largest conglomerates in Korea, gives
Leader access to deals.  "Our position in this market is the gateway to the
Asian market," she said.  "We are the dealmakers there." Leader Capital
Management helped start Hotlens Asia, the Korean affiliate of Hotlens.com, a
New York-based content management software provider, though Hotlens.com was
not a Leader portfolio company. Leader Capital Management has also assisted
in the formation of ITM Korea, the Korean affiliate of an unannounced
U.S.-based startup that the venture unit is in the process of funding. Leader
Capital Management, which has a vice president, three managing directors, and
two analysts sourcing deals, started in June of 2000 and invested in five
companies last year.  Leader has invested $3 million over the past year in 5
portfolio companies, and while it has not invested in any new companies this
year, it plans to invest another $3 million in 6 companies by the end of the
year, in addition to 2 to 3 follow-on investments and new Asian ventures. The
venture unit, which is completely funded by parent company SK Global, has no
plans to seek outside limited partners, but doesn't rule it out. The earliest
it would search for outside limited partners would be in the next 12 to 18
months.
		http://www.leaderok.com
		http://www.skglobal.com

		 vw corrections
		?
		Bodha
		 mail? top

		 NEW YORK (VENTUREWIRE) -- An item about enterprise software and services
company Bodha in Monday's VentureWire incorrectly described iBrain, a company
that Bodha CEO Vishal Sikka founded. iBrain was eventually acquired by
PatternRx, not PlatnetRx.

		Silicon Alley Seed Investors
		 mail? top

		 NEW YORK (VENTUREWIRE) -- An item about Sevin Rosen Funds in Monday's
VentureWire misspelled the name of a New York venture firm with which Sevin
Rosen has a formal relationship. The firm's name is Silicon Alley Seed
Investors, not Silicon Valley Seed Investors.

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ForwardAction, Global Docugraphix, Grass Valley Group, Guggenheim.com,
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ntegres Global Logistics, NxtPhase, Optium, Patricof & Co. Ventures, Qpass,
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Cobalt Group, Versatile Optical, Vitesse Semiconductor, Wall Street Global,
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Hexagon Investments, Hook Partners, Hydro-Quebec CapiTech, Integral Capital
Partners, Inter-Atlantic Fund, Internet Realty Partners, J. & W. Seligman,
J.P. Morgan Chase & Co., Lazard Technology Partners, Lovett Miller & Co.,
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NetworkAsia, Noro-Moseley Partners, Oak Investment Partners, Partech
International, Perseus Capital, Pivotal Asset Management, Polaris Venture
Partners, Potomac Ventures, Redpoint Ventures, Roser Ventures, RRE Ventures,
SeaPoint Ventures, Sequoia Capital, St. Paul Venture Capital, University of
Salford Enterprises, Venrock Associates, Venrock Associates, Western
Technology Investment, Wexford, Yorkshire Enterprise Group

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			?


I am not certain that we will ultimately approach Gulf South on the pad gas but it seems to make sense that we talk to them about the storage/transport deal.

Stuart

 -----Original Message-----
From: 	Meyer, Chris
Sent:	Thursday, January 17, 2002 1:05 PM
To:	Parks, Joe; Zisman, Stuart
Subject:	Bridgeline

Since it appears we are going to approach Gulf South about the purchase of pad gas, shouldn't we also gauge their interest in ENA's storage/transport position, including any available molecules?

cmm


---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/11/2001
11:29 AM ---------------------------

	From:  Jeffrey A Shankman                           01/11/2001 11:24 AM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject:

---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/11/2001
11:26 AM ---------------------------

	From:  Jeffrey A Shankman                           12/29/2000 10:40 AM

To: Gary Hickerson/HOU/ECT@ECT
cc:
Subject:

For the roundtable:

Gas:  John Arnold, Phillip Allen, Mike Grigsby, maybe Hunter Shively
Pwr:  Fletch Sturm, Rogers Hearndon, maybe Kevin Presto
Oil:  John Nowlan, Bill White, maybe Adam Gross
Coal/Emissions:  Kevin Mcgowan
Equities:  Gary Hickerson, Michael Bradley
Other:  Vince Kaminski, Jen Fraser

Have I left anyone off?  What do you think?


NORWAY: INTERVIEW-Danish wind firm Vestas to expand into Europe, US.
Reuters English News Service, 04/18/01

USA: Bandwidth trade struggles to gain footing.
Reuters English News Service, 04/18/01

BRAZIL: INTERVIEW-BG claims Brazil pipeline war victory.
Reuters English News Service, 04/18/01

Enron India Sends Arbitration Notices To State Govt
Dow Jones International News, 04/18/01

Enron may sell some Brazil assets - SAmerica chairman
AFX News, 04/18/01

NORWAY: INTERVIEW-Danish wind firm Vestas to expand into Europe, US.
By Birgitte Dyrekilde

04/18/2001
Reuters English News Service
(C) Reuters Limited 2001.

RINGKOEBING, West Denmark, April 18 (Reuters) - Danish wind turbine maker
Vestas Wind Systems said on Wednesday it was heading for expansion in Europe
and the U.S and expects to regain lost terrain in the world`s largest wind
power market Germany.
"We see our market share in Germany rising to 16-20 percent this year after
last year`s drop by three percentage points to 13 percent," Vestas Chief
Executive Johannes Poulsen told Reuters in an interview at the company`s
headquarters in Ringkoebing, West Denmark.
Last year Vestas - including its associated company Spanish Gamesa Eolica -
increased its market share to 32 percent of the world market from 29 percent
in 1999, cementing its position as the world`s leading wind turbine maker
ahead of German Enercon and Danish NEG Micon .
According to Danish windpower consultancy BTM Germany installed 1,665
megawatts of wind capacity in 2000 followed by Spain`s 1,024 MW while
installed capacity worldwide rose 15 percent to 4,495 MW.
"We regard growth in the German market as stable in coming years and expect
growth to continue in Spain," Poulsen said.
To meet the German wind turbine demand Vestas said it would build a turbine
blade factory in either Germany, Poland or Hungary, with a final decision on
which country to be announced at the company`s general meeting on May 3,
Poulsen said..
Today the company has seven factories in Denmark and one in Germany, Italy
and India. In Spain, Vestas indirectly owns 10 plants through its 40 percent
owned wind turbine firm Gamesa Eolica, part of Spanish Gamesa Group .
Vestas will also soon build an tower construction and assembly plant in
Scotland, Poulsen said.
Vestas expected wind power installations worldwide to leap 30 percent
annually over the next three years and with the company`s expectations of
annually sales growth at 40 percent, Vestas is set to gain market share.
FOCUS ON THE U.S.
Following Germany and Spain, the U.S. is seen as the third-largest wind
turbine market in 2001, but new orders have come to a halt as windpark
developers await an extension of the favourable production tax credit
agreement (PTC), which expires by the end of 2001.
Last week U.S. President George W. Bush in his fiscal 2002 budget proposed
expanding the 1.5-cent tax credit for each kilowatt-hour of electricity
produced from wind for three more years to 2004.
"It`s positive the Bush Administation favours PTC. Now it seems more certain
an extension will happen," Johannes Polusen said.
BTM predicted in a recent report the U.S. would install 1,350 MW this year,
falling to 800 MW next year and 1000 MW in 2003, assuming that the U.S. did
not extend the PTC agreement. The figures would be significantly higher if
the tax credit was extended, a BTM analyst said.
According to the monthly magazine Renewable Energy World, the American Wind
Energy Association forecasts 2,000 MW of new wind turbine installations in
the U.S. this year.
"We do not expect more huge orders from the U.S. until late this year as
customers are awaiting an approval of the tax proposal, but we might get a
few small orders," Poulsen said.
Vestas has plans of a blade and assembly plant in the U.S. ready in case the
tax credit deal is extended, he said.
Poulsen rejected the idea of acquiring U.S. energy group Enron`s wind turbine
arm Enron Wind Corp. with a world market share of six percent, which
according to market sources has been put up for sale.
"To control the massive market growth we have to grow organically," Poulsen
said.

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

USA: Bandwidth trade struggles to gain footing.
By David Howard Sinkman

04/18/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, April 18 (Reuters) - Hailed as a new frontier for financial
markets, bandwidth trading is struggling to get a footing as capacity piles
up, prices fall and expectations float back to earth.
A supply glut, especially on long distance routes between large cities, is
dragging down prices and investment on new capacity has slowed considerably
as demand flags. But trading will pick up in two to three years as the market
matures, say analysts.
"There is nothing going on out there. The business is viable, but we are
ahead of the curve," said Merrill Lynch analyst Donato Eassey.
Bandwidth is the transmission capacity of an electronic line used to send
data from one point to another, as on the Internet. The trading of bandwidth
helps facilitates deals and hedges against risk.
While the bandwidth market was all the rage the previous three years, this
year has seen a fallout in the industry.
Enron Corp., billed as the biggest bandwidth trader, said April 6 it would
cut 20 percent of the jobs at its broadband unit because of slow demand for
streaming media products to personal computers.
"There will be some shake-out in demand, growth and pricing, but long-term
demand and growth will be there," said Seth Libby, analyst at consulting firm
The Yankee Group.
MARKET FAILURES
Market inefficiencies, such as unresolved issues like credit and market
enforcement, have retarded trading.
What is needed, according to San Francisco-based online exchange RateXchange
Corp. , is a standardized contract that would provide the framework for
commodity-like trading.
Without such agreement, buyers and sellers of bandwidth need to agree on new
terms for each transaction, said Michael Rose, RateXchange's director of
business development.
"We do not yet have a fully functioning market," said Rose.
However, analysts liken today's trading market to the power market, which
took more 10 years to get off the ground.
"Today's market problems are just growing pains," said Rod Kuckro, managing
editor of the Bandwidth Market Report, which is published by McGraw Hill Co.
Kuckro sees growth picking up over the next three years.
FALLOUT
Market inefficiencies are not the only problem bandwidth trading faces. A
supply glut has dragged down prices.
Exact numbers are hard to come by in the bandwidth trading market. But
industry experts say only about 10 percent, or even less, of existing fiber
optic capacity for bandwidth is lit, or in use in the United States.
"Obviously there is some capacity problems out there. And there will be
funding problems going forward," said Credit Lyonnais Securities analyst
Gordon Howald.
It is now cheaper to buy or lease lines than to take the risk of digging in
the ground and laying new lines.
As a result companies are not investing as much in construction. For example,
Enron slashed its capital spending on its fiber optic network to about $250
million this year from an earlier estimated budget of $750 million.
Demand for capacity has also fallen short of expectations.
"The traditional bandwidth business plan read 'just build it and they will
come,' but this did not pan out," said Libby.
Consequently, today's market has more sellers than buyers. And as new players
enter the market, like Global Crossing Ltd. and energy companies Dominion
Resources and Dynegy Inc. , competition has heated up.
But this might just be what the doctor ordered.
As prices keep falling, carriers, who were reluctant to embrace bandwidth
trading, are taking a long-look because of the increased efficiencies offered
by trading.
"Somewhat perversely, this fallout might hasten trading as companies are
forced to compete more fiercely with new players," said Kuckro.
LAST MILE HURDLE
Think of driving from New York to Washington. The highway is mostly free of
congestion, but traffic jams abound in the cities.
The same holds true for bandwidth connections. Bottlenecks in the last mile
have kept prices high, despite a glut in long-haul capacity and unused
dark-fibers
Bandwidth trading, which does not always provide a loop-to-loop service,
suffers as a result.
"Nobody want to buy long-haul capacity and then haggle and worry about the
local loop," warns Seth Libby, who said he is unaware of any bandwidth trades
that included the final link.
However, analyst see the last mile problem as just another hurdle bandwidth
trading will get around to deal with.
"Somebody is going to step up to plate," said Libby.
While analysts expect the majority of bandwidth deals to remain
carrier-to-carrier, the trading market is expected to blossom as the kinks in
the system get ironed out.
"Everyone is dressed for a party, but there is no party to go to yet," said
Donato Eassey. "But once we get the paths and the customers down the party
starts."

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

BRAZIL: INTERVIEW-BG claims Brazil pipeline war victory.
By Andrei Khalip

04/18/2001
Reuters English News Service
(C) Reuters Limited 2001.

RIO DE JANEIRO, April 18 (Reuters) - Britain's BG Group Plc claims to have
won a "litmus test" battle in Brazil by gaining access to a key natural gas
pipeline, which marks a big step to a free market and a defeat for
ex-monopoly Petrobras.
BG's director for corporate affairs in southern South America, Francois
Moreau, said the final decision earlier this week by the energy regulatory
body ANP to allow BG to use the Bolivia-Brazil pipeline in 2001-2003 was an
important victory, although not all of BG's demands were met.
BG has big expansion plans for its Brazilian distribution affiliate Comgas
and the long-awaited access to the line that brings natural gas from BG's own
production fields in Bolivia is crucial for the realization of those plans.
"The ANP has confirmed that it wants the private initiative to have a greater
role in the energy sector, that it stands for a competitive market and is
ready to fight Petrobras. We view it as a test case for an open market in
Brazil," Moreau said.
The ANP already authorized U.S.-based Enron Corp. to use the pipeline, but
only when it had idle capacity. Analysts now expect Enron and other companies
to follow BG's suit and demand uninterrupted use of the pipeline.
Under the present deal, BG is allowed to import 24.5 million cubic feet
(700,000 cubic meters) of gas per day from April to August, and from
September until the end of 2002 it can import 73.5 million cubic feet (2.1
million cubic meters).
The ANP's decision initially came out last month, but TBG, the gas
transportation unit of Brazil's state-owned oil company Petrobras which
operates the line, rushed to challenge it, insisting that it had no free
capacity.
"Petrobras sees the transportation as means to protect its monopoly. Even the
ANP admits that there are elements of anti-competition actions in what they
are doing," Moreau claimed.
Petrobras officials said they had no comment on the issue. ANP said Petrobras
could appeal to a court, but there was no way the ANP would review its
decision.
ANP president David Zylbersztajn told reporters on Wednesday that he saw the
issue as closed and the parties involved would have to sign a contract in a
week's time.
He did not rule out fresh resistance from Petrobras, but warned that his
agency was determined to tame the state energy giant that officially lost its
monopoly rights in oil and gas production and distribution in 1997.
"ANP's game is to crush this resistance," he said.
Despite the important victory, BG has lost its own latest appeal with the
ANP. The company had wanted a firm deliveries regime to last until end-2003,
but the agency ruled that after 2002, TBG may interrupt deliveries on ANP's
permission.
However, Moreau said that he was now pinning his hopes on a new set of rules
for gas transportation that the ANP is preparing and should release in May.
Those were expected to limit Petrobras' role in the future expansion of the
gas transportation system, provide more transparency in striking contracts
for delivery and, in general, bring more healthy competition to the market.
He said that in his view, demand for natural gas in Brazil was likely to rise
with time, requiring a 50 percent expansion of the Bolivia-Brazil pipeline
that now can carry 1.1 billion cubic feet (30 million cubic meters) of gas
per day.
Brazil aims to boost the share of natural gas in its energy market to 10-12
percent by 2010 from the present fledgling 3 percent by encouraging the
construction of gas-fired electric energy plants to alleviate the country's
heavy dependence on hydroelectric plants and by greater industrial use of
gas.
Moreau said BG was interested in taking part in any expansion projects, both
of the pipeline and of the network inside Brazil, as well as signing more
long-term transportation contracts "if the environment is competitive."
BG is already building a pipeline to transport gas from Argentina to southern
Brazil, where it will be linked to an existing pipeline and carry gas to
Comgas' base of Sao Paulo - Brazil's main industrial hub and richest state.
Moreau said the group, which bought Comgas two years ago for nearly $1
billion, planned to triple Comgas' sales of 6 million cubic meters of gas per
day three years from now and boost them 10-fold by 2011.

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

Enron India Sends Arbitration Notices To State Govt

04/18/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- In the ongoing tussle between the Dabhol Power Co.,
India's Maharashtra state government, the Maharashtra State Electricity Board
and the government of India, DPC Wednesday served two notices of arbitration
on the Maharashtra government, its spokesman said.
A subsidiary of U.S. energy major Enron Corp. (ENE), DPC has a controlling
65% stake in the controversial $2.4 billion joint-venture 2,184-megawatt
electric power project in the western Indian state of Maharashtra, which
supplies power to the MSEB. The project is India's biggest foreign
investment.
In a faxed company statement, Enron India spokesman Jimmy Mogul said the
notices were served because the Maharashtra government had failed "to honor
its obligations under the government of Maharashtra State Support Agreement
and Supplemental State Support Agreement," signed in 1994 and 1996,
respectively.
DPC said that in the agreements, GoM had pledged to "support and encourage
the further development and completion of the Dabhol project." It added that
"without justification" the GoM has gone back on these agreements, which has
"adversely and materially impacted DPC's ability to perform under its
contractual agreements."
The statement added that as part of the arbitration process, an independent
three-person panel will be set up to determine whether GoM has "failed to
comply with its obligations."
Under a 1996 counter guarantee agreement, the federal government is obliged
to pay Enron when MSEB defaults. Enron invoked that guarantee in February,
marking the first time in India's history that a company has invoked a
federal guarantee, when the state utility said it couldn't afford to pay DPC.
The state government finally paid $17 million in outstanding bills.
DPC and the federal government recently started a conciliation process, to be
governed by the provisions of the U.N. Commission on International Trade Law,
with the aim of resolving DPC's latest dispute with MSEB. DPC says MSEB owes
it 1.02 billion rupees ($1=INR46.8550) for power supplied in December 2000.
For its part, the MSEB said it wanted the power bill offset against a INR4
billion fine it levied on DPC for what it said was the non-supply of power
for intermittent periods between October 2000 and the end of January.
Dabhol, India's largest private power plant currently under construction, was
scheduled for commissioning in two phases. The project's first phase, a
740-megawatt power plant, has already been commissioned and phase two is due
to be completed later this year.
Critics object to Dabhol charging INR7.1 a kilowatt-hour for its power,
compared with INR1.5/KWh charged by other suppliers.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427;
himendra.kumar@dowjones.com

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

Enron may sell some Brazil assets - SAmerica chairman

04/18/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

SAO PAULO (AFX) - Enron Corp is considering the sale of some energy
distribution and gas assets in Brazil but continues firmly interested in the
domestic energy sales market, financial daily Valor Economico quoted Enron
South America chairman Orlando Gonzales as saying.
"We are always revaluating assets. They are always up for sale if the offer
is good. Our strategy is to maximise the return to shareholders and for that
reason, we are always revaluating our positions in assets, markets and
investments," the paper cited Gonzales as saying.
mg/as For more information and to contact AFX: www.afxnews.com and
www.afxpress.com

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


Please plan to attend a meeting on Tuesday, 11/27/01 at 3:00pm in room 3907  to discuss PLE, TMS, CBS, & Rate system changes that would be required to add additional areas or basins to TW in order to handle this request from Marketing and regulatory regarding TW's East of California rate structure tariff issues. If I have missed anyone on the distribution list, please forward. A decision is needed on this item by 11/29/01.

Thanks Ramona
 -----Original Message-----
From: 	Brady, Andy
Sent:	Wednesday, November 14, 2001 11:44 AM
To:	Betancourt, Ramona
Cc:	Brown, Elizabeth; Trevino, Linda
Subject:	RE: Follow-Up

Ramona,

Please take this and run with it and find out what the best solution is.  We need information on what the different options are and what the best solution is for January implementation of the change.  Let me know what help you might need.  The major impact seems to be to TMS and Accounting, with minor affects to CRS and CMS (determining credit and gaining the correct max rate).  We really need to have the solution defined by the Tuesday after Thanksgiving, or earlier if possible.

Thanks a bunch and let me know.

ab.

 -----Original Message-----
From: 	Betancourt, Ramona
Sent:	Wednesday, November 14, 2001 10:23 AM
To:	Brady, Andy
Cc:	Brown, Elizabeth; Trevino, Linda
Subject:	RE: Follow-Up

Andy,
I wanted to clarify on the item related to the West of Thoreau area.
To me, I think that we could create a new Basin in PLE and call it East of California. The area is still W. of Thoreau with two basins in that area. Maybe  check with Elizabeth to make sure she agrees. I have attached the POI view of one of the points that should be changed to the East of California basin. Let me know what you think.

Thanks Ramona

 << OLE Object: Picture (Device Independent Bitmap) >>

 -----Original Message-----
From: 	Brady, Andy
Sent:	Wednesday, November 14, 2001 9:51 AM
To:	Lokey, Teb; Doll, Jeanette; Rapp, Bill; Trevino, Linda; Licciardo, Jeanne; Brown, Elizabeth; Betancourt, Ramona
Subject:	Follow-Up

I know it has been a while, but I wanted to send you the follow-up on our conversation last week, to make sure I heard everything correctly.

Please let me know if the notes don't correctly reflect your memory of the conversations.

Thanks a bunch!

ab.

 << File: TW CMS Project Business Meeting Agenda - Results.doc >>

Andy Brady
Enron Transportation Service, IT
Work Phone - 713-853-7110
Work Fax - 713-853-6756


---------------------- Forwarded by Eve Puckett/Corp/Enron on 02/02/2001
03:35 PM ---------------------------

	From:  Eve Puckett                           02/02/2001 03:27 PM

To: Brenna Neves/NA/Enron@ENRON
cc: Leslie Smith/HOU/ECT@ECT, Regina Blackshear/Corp/Enron@ENRON, Diane
Salcido/Corp/Enron@Enron, Lois Ford/NA/Enron@ENRON, Sharon
Peace/NA/Enron@ENRON, Angela Barnett/HOU/ECT@ECT, Angela Gill/NA/Enron@Enron

Subject: Work Performance

Brenna,
         This probably isn't the best time to be mentioning this, and I don't
want you to think there is any motive behind it because reviews are currently
in process, but I wanted to briefly talk to you about Judy Hernandez:

I think she puts in a great work performance for many reasons:

1) She is ALWAYS willing to help out when someone is backed up on projects.
2) If you ask her to help you out with something, it's completed within the
same day or early the next day.
3) She is NEVER in a bad mood, and if she is she certainly doesn't let you
know about it nor take out her frustrations on anyone.
4) She is very knowledgeable when it comes to questions about deals being
acceptable or not.
5) If she can't answer your question she points you in the right direction
for it to be answered.

I just wanted to let you know how much I appreciate working with her.
Thanks-Eve


This is a CES GISB.  I  will fax same to Mr. Clark.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Dick,

Attached are the NBSK, NBHK, SBSK prices. PLease let me know if you are going to send this to clients.

Monika


Judy,

As discussed in our meeting today, please find attached list of term deals which need to be re-confirmed under Wellhead GTCs.

Please forward to us:
Fieldname / county / state
Well name
Meter No. / Pipeline
Working interest

Please let me know if you have any questions.

Thanks,
Ellen
x54099


What do you think about something like this in response to the layoff question?  It could become our new "standard corporate policy."

 -----Original Message-----
From: 	Meyer, Vance
Sent:	Monday, October 08, 2001 9:25 AM
To:	Denne, Karen
Subject:	layoff statement

Karen --

Here's the safest statement I know for our situation as it relates to employment:

"We do not speculate about future employment levels.  If and when we have ever have changes affecting employees, we tell them first."

(Of course, we'll need to pretend that we didn't break the Europe layoff on Dow Jones!)

Vance


the 14 mm loss was due to a booking mistake that could not be corrected
before the books were posted and is being corrected tonight

Chris Abel
04/16/2001 01:08 PM
To: Mike Grigsby/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
cc: Frank Hayden/Enron@EnronXGate, Kenneth Thibodeaux/Enron@EnronXGate, Shona
Wilson/NA/Enron@Enron
Subject: Loss Limit Notification for April 11th and 12th

Mike, can you please provide an explanation for the $71mm loss on the 11th
and the $31mm loss on the 12th, for reporting purposes?

John, can you please provide an explanation for the $14mm loss on the 12th,
for reporting purposes?

Thanks,

Chris Abel
Manager, Risk Controls and Consolidated Risk Reporting


----- Forwarded by Richard B Sanders/HOU/ECT on 10/15/2000 10:00 AM -----

	Richard B Sanders
	10/15/2000 09:59 AM

		 To: <makris@emrecruiting.com>
		 cc: Twanda Sweet/HOU/ECT@ECT
		 Subject: Re: Cheryl Nelson

Mark Haedicke and I would like to talk to her. Lauren Prescott sent her
resume to Chuck Cheek and she is scheduled to talk to them. I have left a
message with him to find out when Cheryl is going to be in the building.
Please call Twanda Sweet to set up a time (853-9402)

	"Elaine Makris" <makris@emrecruiting.com>
	10/11/2000 12:12 PM
	Please respond to makris

		 To: <richard.b.sanders@enron.com>
		 cc:
		 Subject: Cheryl Nelson

Richard,

Now that I've recovered from your bad news --  here's Cheryl Nelson's
schedule as of this morning:

  she is still available any time next Wednesday (10/18), Thursday  (10/19),
or Friday  (10/20), or the following Monday (10/23).

Let me know what when you would like to schedule her.  She is very excited
about Enron -- keeps hearing great things about the company.

Thanks!

Elaine


Below is an outline of the materials that each of you are responsible for
developing for Ken's briefing book.  Please have the latest  draft of
materials to me by Friday at 3:00 pm.  I will be giving Steve Kean a draft
briefing book at that time so that he can review it over the weekend.  We'll
have feedback to people by Monday morning and can finalize the book by Monday
evening.

Sections by Tab

Most recent update/backgrounder  Jeff Dasovich
Legislative Matrix     Miyung Buster
Edison Deal Overview    Jeff Dasovich
Total Solution Proposal    Jim/Robert/Jennifer
Most Recent Polling Data   Mark Palmer
Press Responses/Talking Points  Mark/Karen/Peggy


Attached is the resume and interview schedule for Amy Kim's visit to Enron on
Tuesday, April 3.

Amy worked at Enron last summer.  She is a very bright young woman. We are
looking for a possible fit for her in the Govt. Affairs organization.  Thanks
for spending some time with Amy while she's in town.

INTERVIEW SCHEDULE
AMY KIM
Tuesday, April 3, 2001

          ROOM

8:30 am) 9:30 am  Steve Kean     EB 4799

9:30 am )10:00 am  Jim Steffes     EB 4799

11:30 am ) 1:00 pm  Lunch w/ Sue Nord

1:00 pm ) 1:30 pm  Rob Bradley     EB 4799

1:30 pm ) 2:00 pm  Christi Nicolay     EB 3801

2:00 pm ) 2:30 pm  Harry Kingerski    EB 4799

2:30 pm   Beal's car to airport


Venona,

I have discussed the warranty issue with my attorney and he suggested the
following be used as Section 8.5.  The language in this section allows for
gas from outside the state.  Please advise.

The following representations and warranties shall apply to Transactions
under the stated conditions:  (i) if Company is Buyer, Seller represents and
warrants to Buyer that all Gas will have been produced (a) within the state
of Texas and will not have been commingled with other Gas which is or may be
sold, consumed, transported or otherwise utilized in interstate commerce in
such manner which would subject an intrastate Transporter to the jurisdiction
of the Federal Energy Regulatory Commission or any successor authority under
the Natural Gas Act of 1938 or (b) outside of the state of Texas with any
transportation on an interstate pipeline having been conducted under Section
311 (a)(1) of the Natural Gas Policy Act and (ii) if Company is Seller and
the Delivery Point(s) for the Transaction are not interstate
interconnections, Buyer represents and warrants to Seller that none of the
Gas will be sold, consumed, transported or otherwise utilized outside the
state or sold to another party which will subsequently sell, consume,
transport or otherwise use the Gas outside the State where such event would
subject an intrastate Transporter to the jurisdiction of the Federal Energy
Regulatory Commission or any successor authority under the Natural Gas Act of
1938.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Ina, I can't seem to find the expense deposit for the SW Bell charges in my
account.  Will you please contact them again and ask them for a copy of the
check?  Thank you so much.

Mike


Dan and I spoke with Jim Eckert at Tenn - VNG is his customer.  Following are
the MDQ's and rates on the Tennessee contracts effective 11/1/2000

Contract MDQ  Delivery Point Demand Comm  Comment
47  16,373  S Webster $6.0800  $.0500  Demand is $6.08 for daily volumes
below 4,723 per day.
          Demand goes to $7.61 for daily volumes above 4,723 per day.

21881  4,599  S Webster $7.61  $.0500  See below

21882  518  S Webster $7.61  $.0500  See below

Comments:
If we flow to any points other than the primary delivery point, the demand
charge goes to max rate which is about $9.80.

Questions for Tennessee;
What are the rates for October?
Do the differences in demand and commodity apply to daily quantities or
monthly quantities?


I need to add some more people to our restricted list for our blanco product,
but i need someone from eol to send me an update of the current list.  Can I
get this today?  Thanks.


- easter-is-cancelled.jpg


Michelle, If you run into problems with finding mgr or above interviewers,
you should consider assoc. to interview analysts.  I would also like to put
Kevin McGowan (who went to MBA but isn't on the list, as an interviewer for
wharton, in Phila if possible),  I'll leave it to you for interviewers.

From: Michele Nezi Marvin@ENRON COMMUNICATIONS on 10/11/2000 03:46 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, Michael J Popkin/NA/Enron@ENRON, Peggy
Determeyer/Corp/Enron@ENRON, Laura Howenstine/Enron Communications@Enron
Communications, Bryan Kite/Enron Communications@Enron Communications, Michele
Nezi Marvin/Enron Communications@Enron Communications, Sarah
Wesner/Corp/Enron@Enron, Patrick Conner/HOU/ECT@ECT, Jayshree
Desai/HOU/ECT@ECT, Tom Dutta/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT,
Kenneth Horton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathleen
Wagner/NA/Enron@ENRON, Betsy Bassis/Enron Communications@Enron
Communications, Lisa Connolly/NA/Enron@ENRON, Brad
Hitch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Colin Jackson/Enron
Communications@Enron Communications, Gillian Johnson/NA/Enron@Enron, William
Keeney/HOU/ECT@ECT, Jebong Lee/Enron Communications@Enron Communications,
Stephen Pirozzi/LON/ECT@ECT, cwang2@enron.com, Rodney Malcolm/HOU/ECT@ECT,
Jennifer Fraser/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Kyle
Kitagawa/CAL/ECT@ECT, Natalie Halich/Enron Communications@Enron
Communications, Sean A Holmes/HOU/EES@EES, Jordan Mintz/HOU/ECT@ECT, Li
Sun/NA/Enron@Enron, Teresa Dyar/NA/Enron@Enron, Kyu-Bong Lee/NA/Enron@Enron,
Evan Betzer/Enron Communications@Enron Communications
cc:
Subject: Wharton Recruiting

In preparation for upcoming interviews and other events, we'd like to get the
Wharton Recruiting team together on Friday, October 13 at 1pm in 44C1.  It
looks like this could be a huge year for Enron on campus because start-ups
are no longer hiring MBAs by the dozen and investment banking is facing a lot
of uncertainty as a result of all of the recently mergers.  To take advantage
of this, we really want to get all of you involved in some aspect of
recruiting, whether it be sitting on a conference panel, interviewing on
campus or helping out here in Houston.  Please plan on attending the
meeting.  If you can't make the meeting, please let me know what area of
recruiting you are interested in participating in.  Our biggest need right
now is for interviewers for on campus interviews on November 9 and 10.  We
need 12 interviewers (Manager and above) for the 9th and 6 (VP and above) for
the 10th.

See you Friday,

Michele Nezi Marvin
Manager
Enron Broadband Services
(713)853-6848


Dear Sally,

As we discussed yesterday, here is the draft strawman.

Regards

Shona


Gregg Penman was ready, but I couldn't get David Tucker at Bracewell.  Did he
forget?

Thanks,

Kay


RESCHEDULED FROM 3-4.

The estate has been requested to report on the current status & going forward responsibility for marking of curves  -  specifically regarding completeness, timeliness and responsible personnel.  PwC has compiled a preliminary report based on their meetings with you and/or your teams.  Please attend tomorrow's meeting to confirm the preliminary report data and answer additional questions.