?
?	VentureWire
	Thursday, May 31, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 686.5 ? -1.87%	?
?

		top stories

		  Insight Capital Closes Fourth Fund With $740 Million
		  Whitney & Co. to Spin Off International Offices
		  Rho Ventures Closes Fund IV with $435 Million
		  Fabless Semiconductor Firm Quake Raises $30M Round Two

		TODAY'S FEATURES
		INVESTOR STRATEGY
		Millennium to Focus on New Investments
		By Amanda Briggs
		After completing two new investments this year, Millennium Technology
Ventures plans to spend more time over the next couple of quarters focusing
on new deals. more>>
		UPCOMING EVENTS
		July 31: New York City
		Financial Services Outlook

		Over $750 million has been invested in private equity deals in the financial
services sector (source: VentureWire). In this age of liquidation preference
provisions and retroactive repricings, that's a very strong performance.
Register for Financial Services Outlook before June 19 and SAVE $100

		Now more relevant than ever. RED HERRING.

		Since its launch in 1993, RED HERRING has become the favored
		source of insider information for entrepreneurs, venture
		capitalists, investment bankers and senior executives
		redefining the new technology-driven world of business.

		From MEMs to biotech to the top 100 companies that still
		matter, RED HERRING gives you a unique perspective
		you won't find in conventional business publications.
		Get a FREE TRIAL ISSUE of RED HERRING
today!http://www.redherring.com/service/circ/subs_ZP.html

		new money

		  Biotech Firm Arexis Raises $4.5 Million First Round
		  SpeedGreetings Raises $3M Series A
		  Tools for Health Secures $1.7 Million in First Round
		 Vaccine Firm Remedyne Closes $3.2M First Round
		 Antenna Tech Firm Fractus Gets 3i $4.3M Commitment
		 Biotech Firm OmniSonics Medical Gets $21 Million Series B
		  Reservations Firm Xtime Gets Additional $2.6M in Series B
		 French Therapy Firm Neurotech Clinches $30M in Third Round
		 Atherotech Clocks In $4.2M in Series C
		  Spirian Technologies Gets Funding from Silver Young Partners
		  Toppan Printing Makes $5M Strategic Investment in E Ink

		bad news

		  PaperExchange Shuts Down European Operations

		new deals

		  Softbank and Scientia Health Group Form Scientia Japan
		 Nordic VCs Eqvitec Partners and IT Provider Form Alliance
		  Incyte and Iconix to Collaborate on Chemogenomic Product

		new products

		  Managed Services Provider Cervalis Launches
		  Data Downlink Changes Name to Alacra

		m&a

		  Bertelsmann Buys Ailing Digital Music Storage Firm MyPlay
		  IT Factory Plans More Acquisitions After NotesHouse Deal
		  TMP Worldwide Acquires Online Career Resource FlipDog.com
		  UsherPro, Season Ticket Networks Merge to Form New Company
		  BuildOnline Acquires iScraper Germany in Cash and Stock Deal
		  Metavante Acquires Online Bill Management Firm CyberBills
		  Outtask Acquires Upright Software, Terms Not Disclosed
		  CableNet Acquires Assets of B2B Commerce Firm wireConnect
		  Catenas Acquires Minority Stake in Endero

		new directors

		  American Fiber Systems Adds John F. Malon to Board
		  Andes Networks Appoints Dataquest Founder to Board
		  Supply-Chain Software Maker Mezzia Appoints Director
		  Wireless Firm Commtag Appoints Phone.com Exec. to Board
		  Biz Tech Management Firm Enamics Appoints New Board Member

		new people

		  Biotech Firm Enanta Names Spiros Jamas New President & CEO
		  Data & Analysis Firm Polexis Names David Overskei as New CEO
		  Ardent Appoints Former Glaxo WellCome Exec as Pres, CEO

		vc fund news

		  MMC Capital Closes Technology Fund II at $250M

		vc personnel

		  Royal Bank Capital Partners Adds Two to Energy Fund Team

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

		top

		George Davis has led the evolution of Aether Systems'
		technology, which now powers mobile and wireless data
		services for Charles Schwab, National Discount Brokers,
		Allegiance Health Care, the United States Postal Service,
		Office Depot, and Nissan (among many others).

		Hear what he has to say about the latest market trends,
		technological advances, and investment opportunities
		in wireless at Mobile Outlook, June 5 & 6.

		Register today:http://www.mobile2001.net/register.asp

		 top stories
		?
		Insight Capital Closes Fourth Fund With $740 Million
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Insight Capital Partners, a venture capital firm
focused on software companies, said it closed its fourth venture capital
fund, Insight Capital Partners IV, with more than $740 million. Managing
director Scott Maxwell said the fund, originally targeted between $700
million and $750 million when Insight began fundraising last June, will make
typical investments of $20 million in expansion-stage enterprise software
companies over the next three years, with about 15% of the investments made
internationally. According to Mr. Maxwell between 30% and 40% of the fund's
capital came from new limited partners with the rest coming from returning
LPs. The firm has no plans to deviate from its original model. "Software is
the space we're founded on and the space that's thriving," said Mr. Maxwell.
"We pick the absolute best ten or so software companies each year that will
bring in the best revenues and spend an enormous amount of time on them."
Insight IV has already invested in Enigma, ConnectCapital Holdings, Dorado
Software, and Xchange. The firm's other managing directors include Jeff
Horing, Jerry Murdock, Bill Doyle, Peter Sobiloff, and Deven Parekh. Insight
Capital Partners closed its first $15 million fund in June 1996, an $81
million fund in July 1997, and its third fund at $307 million in March 1999.
Insight has approximately $1.5 billion under management.
		http://www.insightpartners.com

		Whitney & Co. to Spin Off International Offices
		 mail? top

		 STAMFORD, Conn.  (VENTUREWIRE) -- Whitney & Co., a Stamford, Conn.-based
venture capital firm, will spin off its offices in Tokyo, Hong Kong, and
London, VentureWire has learned. "They're closing all international offices,"
said a source close to the firm. The source said Whitney will contract with
individuals in each office to oversee the existing portfolio companies.
Earlier this month, Whitney announced closing its fifth fund at $1.1 billion,
short of its $2 billion target. At the time, the firm said it would
significantly reduce overseas personnel as well as lay off an undisclosed
number of employees at its headquarters. Whitney representatives did not
return calls for this story. According to the source the overseas offices
will effectively operate independent of Whitney. "Each international office
will raise its own fund and use the Whitney name, but actually have no
connection with Whitney, almost like a franchise," said the source. Whitney
will get a portion of each fund's carry, the source said.
		http://www.whitney.com

		Rho Ventures Closes Fund IV with $435 Million
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Rho Ventures, a New York venture capital firm,
said it closed its fourth fund, Rho Ventures IV, with commitments of $435
million. The fund will invest in companies seeking seed through
development-stage funding in a range of sectors including information
technology, telecommunications and biotech. According to general partner Mark
Leschly, the fund will typically invest between $10 million and $15 million
in each company over the course of more than one round. Rho Ventures IV is
the firm's first fund opened to institutional investors, including pension
funds, banks, and insurance companies. "It was a different landscape, but we
raised it fairly quickly," said Mr. Leschly. "We came out above target and
we're very pleased." Rho Ventures' previous funds were backed by wealthy
families from the U.S. and Europe. A number of the previous limited partners
returned to invest in Rho IV. The fund, originally targeted for $400 million,
opened last summer and made a first close in September with $225 million from
its returning limited partners. Credit Suisse First Boston served as the
firm's placement agent. Mr. Leschlyl said he expects to commit the capital
within two to three years. Other general partners at the firm include Habib
Kairouz and Joshua Ruch. Rho's previous fund closed in May 1999 with $183
million. The firm currently has $1 billion under management. Its latest fund
has invested in four companies to date including Applied Science Fiction,
Archemix, Intralinks, and Xtera.
		http://www.rhoventures.com

		Fabless Semiconductor Firm Quake Raises $30M Round Two
		 mail? top

		 OTTAWA (VENTUREWIRE) -- Quake Technologies, a fabless semiconductor company
developing chips for high-speed optical networking applications, said it has
raised $30 million in its second round of funding, led by Bowman Capital.
Bowman was joined by other new investors Cisco Systems, Emerging Alliance
Fund, and Mitsubishi. Previous investor Mohr Davidow Ventures also
participated in this round and maintained its position as the largest
investor in Quake. Skypoint Capital, a previous investor in Quake, did not
participate in this round. Dan Trepanier, Quake's president and CEO, said the
company will use the funding to increase production by expanding research and
production and accelerating product delivery. Mr. Trepanier also said the
latest funding will take Quake to profitability, but he declined to say when
he expects that to happen. Quake plans to increase its workforce from 70 to
about 90 before the end of the year by expanding its operations and sales
force. The company has raised $48 million in venture capital to date. Chris
DePuy, a general partner at Bowman Capital and newly appointed Quake
director, said his firm first learned about Quake from a referral from Mohr
Davidow. While he declined to discuss valuation, Mr. DePuy said pricing was
influenced by the current performance of fabless semiconductor companies in
the stock market, other recent private transactions in the industry, and
Quake's progress since it closed its first round. Mr. Trepanier said Quake's
valuation increased in this round, but declined to comment further. Quake has
no plans at present to raise a third round.
		http://www.quaketech.com

		 new money
		?
		Biotech Firm Arexis Raises $4.5 Million First Round
		 mail? top

		 GOTHENBURG, Sweden (VENTUREWIRE) -- Arexis, a biotechnology company focusing
on discovering genetic components of metabolic and inflammatory diseases,
said it closed its first round of financing at SEK 48 million ($4.5 million)
at the end of March. The round was funded by new investors 3i and SEB
Foretagsinvest, and previous investors InnovationsKapital and individuals.
SEB and 3i each invested $1.9 million, while previous investors
InnovationsKapital and individuals invested $378,000. Arexis also said it
received $472,000 in convertible debt financing from the Swedish Industrial
Development Fund. Arexis said the funding would be used to build up its
research organization and is expected to last up to two years. The company's
post-money valuation is $9.45 million. Laurie Rostron of 3i and Johan
Christenson of SEB joined the board of directors, which now has six
directors. Arexis also announced the appointment of Lennart Hansson as CEO
and Bjorn Lowendadler as chief scientific officer. Mr. Hansson is replacing
acting CEO and co-founder, Vidar Wendel-Hansen, who will now be the chief
business officer.
		http://www.arexis.com

		SpeedGreetings Raises $3M Series A
		 mail? top

		 BETHESDA, Md. (VENTUREWIRE) -- SpeedGreetings, which designs, prints, and
mails customized correspondence, said it raised $3 million in its Series A
round from investors including Mail2000, a subsidiary of the United States
Postal Service (USPS). Private investors, including former U.S. postmaster
general Paul Carlin also participated. The funds will be used for sales and
marketing and the addition of sales and technology staff. The company also
named four new members to the now six-member board: Mr. Carlin, who was the
66th Postmaster and helped pass the Postal Reorganization Act, which created
the current USPS; John Kuiper, the COO of Mail2000 and former managing
director of the print/mail business at TNT Post Group; Loren E. Smith, the
chairman of Perquia and the former chief marketing officer of the U.S. Postal
Service; and Marvin Runyon, also a former postmaster general, who currently
heads The Runyon Group. Mr. Runyon was also the founding president and CEO of
Nissan Motor Manufacturing Corp. USA. SpeedGreetings is advised by Washington
law firm Holland & Knight. It was founded in July 1999 by CEO Chris Baynes
and vice president of operations, Andrew Johnson. The company held a seed
round in December 1999 and raised $750,000 from Mail2000 and private
investors. The company is currently generating revenues and expects to break
even in the fourth quarter. It launched its Web site in March.
		http://www.speedgreetings.com

		Tools for Health Secures $1.7 Million in First Round
		mail? top

		 ARDSLEY, N.Y. (VENTUREWIRE) -- Tools for Health (TFH), which develops
proprietary speech recognition technology for the healthcare industry,
announced it has secured $1.7 million in its first round of funding from
Bluefish Ventures. TFH's current board member W. Bruce Lunsford, founder and
former chairman and CEO of Vencor, also invested in the round. TFH said it
will use the funding to expand its marketing and to continue developing its
technology and services. David Istock, founder and partner of Bluefish, will
join TFH's board of directors. Co-founder Louis Summe is CEO of TFH.
		http://www.toolsforhealth.com

		Vaccine Firm Remedyne Closes $3.2M First Round
		mail? top

		 SANTA BARBARA, Calif. (VENTUREWIRE) -- Remedyne, a biotechnology firm
developing vaccines and antibiotics for treating infectious diseases,
announced closing its first round at $3.2 million from Sutton Ventures Group,
Dlloyd Investments, and individuals. Remedyne said it had a post-money
valuation of $33 million. As a result of the round, Joe Sutton of Sutton
Ventures took the seventh seat on the company's board of directors. Remedyne
said the financing would be used for continued development of its human
vaccine technology. The company also said it is in late-stage discussions for
developing animal health products with multiple multinational pharmaceutical
companies. The discussions are expected to be finalized in the next two to
three months. Remedyne also said it plans to raise a $30 million Series B
round in July.
		http://www.remedyne.com

		Antenna Tech Firm Fractus Gets 3i $4.3M Commitment
		mail? top

		 BARCELONA, Spain (VENTUREWIRE) -- Fractus, which develops multiband antenna
technology for wireless communications and automotive companies, said it
secured a first-round commitment from new investor 3i for up to EUR 5 million
($4.3 million) and also received $429,000 from venture firm Barcelona Empren
in April. An unnamed 3i representative occupies the sixth seat on Fractus'
board of directors as a result of the financing. Fractus said it has received
$858,000 to date from 3i and will receive an additional $858,000 in four
months. Based on this financing 3i will hold a 20% equity stake in the
company. If Fractus requires the remainder of the commitment, $2.6 million,
in one year's time, 3i has the option to increase its stake to 35%. Barcelona
Empren holds a 5% equity stake in Fractus. The company said the funding would
finance continued expansion in Europe, research and development, and
marketing. Fractus said it plans to be profitable before the end of the year.
Fractus also said it had a post-money valuation of $12.9 million.
		http://www.fractus.com

		Biotech Firm OmniSonics Medical Gets $21 Million Series B
		 mail? top

		 WILMINGTON, Mass. (VENTUREWIRE) -- OmniSonics Medical Technologies, a
provider of non-thermal ablation systems, announced that it has closed $21
million in Series B financing led by Canaan Partners, with participation from
Domain Associates and J.P. Morgan H&Q. Prism Venture Partners, an existing
investor, contributed $3 million to the round. According to president and CEO
Bob Rabiner, this was an up round, with a post-money valuation of $45
million. Although he declined to comment on OmniSonics' burn rate, Mr.
Rabiner said that he expects the new funds to carry the company through to
profitability within the next two years. OmniSonics plans to dedicate the
funding to clinical trials, product research and development, and marketing.
As a result of this financing, Harry Rein, a general partner with Canaan
Partners, and Bob Moore, a general partner with Domain Associates, have
joined the seven-director board, which has one additional seat available.
Also sitting on the board is John Brooks of Prism Venture Partners. In May
2000, OmniSonics raised $5.7 million in a first round led by Prism Venture
Partners with participatin from Johnson & Johnson Development.
		http://www.omnisonics.com

		Reservations Firm Xtime Gets Additional $2.6M in Series B
		mail? top

		 SAN MATEO, Calif. (VENTUREWIRE) -- Xtime, a provider of applications that
enable service businesses to manage appointments and reservations online,
said that it received $2.6 million in follow-on Series B financing from
Innovacom, the venture capital arm of France Telecom. This investment brings
the company's Series B financing to $19.6 million. The round, which had its
initial close in August 2000, was led by Venrock Associates with
participation from Draper Fisher Jurvetson and Rosewood. The company plans to
dedicate the new funds to operations. Although an Xtime spokesperson declined
to reveal a burn rate, he said that the Series B financing would carry the
company through to end of 2002. With this round there were no appointments to
the company's five-member board, which includes Brian Ascher of Venrock and
Steve Jurvetson of Draper Fisher Jurvetson. Both Aymerik Renard of Innovacom
and Robert Keller of Rosewood hold non-voting observer positions on the Xtime
board. The company's Series A funding came from Angel Investors LP and
unnamed individuals.
		http://www.xtime.com

		French Therapy Firm Neurotech Clinches $30M in Third Round
		mail? top

		 EVRY, France (VENTUREWIRE) -- Neurotech, which develops cell-based therapies
in the eye and central nervous system, said it closed a EUR 35 million ($30
million) third round from new investors Apax Partners, Merlin Biosciences,
Westdeutsche Landesbank Girozentrale, ABN Amro, Rothschild, and AGF
Innovation. Previous investors 3i, Atlas Venture, CDC Innovation, Sofinnova,
Sudinnova, Banque de Vizille, GIMV, and IMH also participated. Apax and
Merlin each invested $8.6 million. Laurent Ganem of Apax and Mark Clement
have taken the fifth and sixth seats on Neurotech's board of directors.
Neurotech said the money would be used to finance future clinical trials in
the U.S. and France and to license or acquire other technologies with
applicability to the eye. Neurotech also said it was in partnership
discussions with two multinational pharmaceutical companies. The company said
the funding should last over three years, but also said it would consider an
IPO in Europe or the U.S. within the next 18 to 30 months, depending on
market conditions. The company expects to begin clinical trials for retinal
degeneration in the U.S. in the latter half of 2002. Neurotech said it had a
post-money valuation between $43 million and $69 million. Investors own
approximately 80% of the company. Neurotech also has an office in Lincoln,
R.I.
		http://www.neurotech.fr

		Atherotech Clocks In $4.2M in Series C
		 mail? top

		 BIRMINGHAM, Ala. (VENTUREWIRE) -- Atherotech, a medical diagnostics company,
said it closed its Series C round at $4.2 million from Compass Venture
Partners, J.F. Shea Co., Needham Capital Partners, and Technology Funding
Group. This round brings the company's total funding to date to $9.9 million.
J.F. Shea Co. is a new investor in the company, while Needham Capital had led
its Series A round and the remaining two investors had co-led its Series B.
Atherotech said it had a post-money valuation of $26.8 million in this round
and that investors now own approximately 52% of the company. The funding will
be used for expansion of research operations, marketing, and sales. The
company also said it plans to announce a partnership with a publicly listed
healthcare services firm in the next few days. Atherotech's Vertical Auto
Profile test monitors cholesterol through direct measurements as opposed to
the current calculation methods used in standard tests. The company expects
to reach profitability in the fourth quarter of 2001 and is considering an
IPO later this year or early next year, depending on market and other
conditions.
		http://www.atherotech.com

		Spirian Technologies Gets Funding from Silver Young Partners
		 mail? top

		 CHICAGO  (VENTUREWIRE) -- Spirian Technologies, which provides
infrastructure management services via the Internet, said it has secured an
undisclosed investment from Silver Young Partners, a Chicago-based venture
capital firm, as part of its third round of funding. Earlier this year
Spirian announced it had secured $7 million in the third round from Citadel
LP and Ravenswood Capital Venture Fund II. In two other previous rounds,
Spirian raised a total of $14 million from Primus Venture Partners, WR
Hambrecht & Co, and individual investors. Spirian said it has raised enough
funding for general operating costs and to execute its growth plans. Silver
Young said it invested in Spirian because of its experienced management team,
and particularly, its long-standing customer relationships.
		http://www.spirian.com

		Toppan Printing Makes $5M Strategic Investment in E Ink
		 mail? top

		 TOKYO (VENTUREWIRE) -- Toppan Printing Co., which provides color filter
arrays in the flat panel display industry, said it has invested $5 million in
E Ink, a developer of electronic ink technology for paper-like displays, as
part of a strategic partnership. The two companies will jointly develop color
electronic ink displays. In return for its investment, Toppan will receive
exclusive international rights to manufacture and supply color filters for
electronic ink displays for a certain period. To date, E Ink has received
$57.7 million in financing from Applied Technology, Atlas Venture, Cabot
Corporation, CNI Ventures, Creavis, FleetBoston Financial, Gruppo Espresso,
Havas, which is a division of the Vivendi Group in France, Investpress,
Lucent Technologies, Motorola, Philips Electronics, Solstice Capital, The
Hearst Corp, The Interpublic Group of Companies, The McClatchy Co., and
Toppan Printing.
		http://www.eink.com
		http://www.toppan.co.jp

		 bad news
		?
		PaperExchange Shuts Down European Operations
		 mail? top

		 BOSTON (VENTUREWIRE) -- PaperExchange, a marketplace for the pulp and paper
industry, said that it has closed its European operations. A company
representative said that while PaperExchange intends to continue its
marketplace activities on an international level, the company is "winding up"
its physical operations in Europe. Investors in PaperExchange include Asia
Pulp & Paper, International Paper, Internet Capital Group, the Kraft Group,
Madison Dearborn Partners, MSD Capital, Staples, Terrapin Partners, Bowater,
and individual investors.
		http://www.paperexchange.com

		 new deals
		?
		Softbank and Scientia Health Group Form Scientia Japan
		mail? top

		 NEW YORK (VENTUREWIRE) -- Scientia Health Group, a newly formed healthcare
holding company, said it is forming a joint venture with Softbank Investment
to be called Scientia Japan. Financial details about Scientia Japan will be
disclosed before the end of June. Softbank owns 51% of the joint venture and
Scientia Health Group owns the remaining 49%. Scientia Japan will provide
support services -- among them capital, intellectual property, and
infrastructure -- to U.S. and Japanese biotechnology and life sciences
companies in the Japanese market. Scientia Japan intends to assist these
companies in aspects such as manufacturing, licensing, and marketing their
products in Japan. The company will focus on private companies but will not
rule out assistance to public companies. Scientia Japan's executive team will
be named by the end of June and the company will have offices in New York and
Tokyo. Scientia Health Group was formed in the beginning of 2001. The company
plans on closing a first round of funding for approximately $70 million in
the next two weeks. Investors in the round include Softbank and other
international financial institutions and individuals. Samuel D. Waksal,
president and CEO of publicly traded ImClone Systems, is chairman of Scientia
Health Group and James Neal, a former head of U.S. Bancorp Piper Jaffray's
life sciences investment banking group, is president. Scientia Health Group
employs five people and plans to be fully staffed at 15. It will also appoint
a scientific advisory board. The company does not yet have a Web site, but
may be contacted through Scientia employee Luciana Perretta. Telephone
212-645-1405.

		Nordic VCs Eqvitec Partners and IT Provider Form Alliance
		 mail? top

		 HELSINKI, Finland (VENTUREWIRE) -- Venture capital groups Eqvitec Partners
of Finland and IT Provider of Sweden announced an alliance. The two companies
will begin exchanging employees on a weekly basis, adopting each others'
business practices, co-sponsoring activities for portfolio companies, and
working on deals together. Eqvitec and IT Provider expect to announce
co-investments in the near future. Combined, the two firms manage more than
$428 million in six funds, with $214 million still available for new
investments. In February, Eqvitec announced first close of its Technology
Fund II at $122 million, with final close expected at $156 million in June.
		http://www.eqvitec.com
		http://www.itprovider.com

		Incyte and Iconix to Collaborate on Chemogenomic Product
		 mail? top

		 PALO ALTO, Calif. (VENTUREWIRE) -- Incyte, a publicly traded genomic
information company, and Iconix Pharmaceuticals, a biotechnology company,
will collaborate on the development and commercialization of a chemogenomic
information product. As part of the deal, Incyte has bought an undisclosed in
Iconix for cash. The two companies will develop a product called ChemExpress,
a large-scale information and analysis system that connects genomic and
biological activity data with diverse drug molecules and other chemical
structures and drug pharmacology and toxicology information. Iconix said it
will roll out the product in the fourth quarter and expects to have a select
amount of users by the second quarter. Under the terms of the agreement,
Incyte will provide exclusive marketing and sales for subscriptions of this
product. Iconix is backed by Abingworth, Institutional Venture Partners, and
Kleiner Perkins Caufield & Byers. Its strategic investors are Incyte and
Motorola.
		http://www.iconixpharm.com
		http://www.incyte.com

		 new products
		?
		Managed Services Provider Cervalis Launches
		 mail? top

		 STAMFORD, Conn. (VENTUREWIRE) -- Cervalis, a provider of Web hosting and
managed services with a focus on small to midsize companies, announced its
launch. The company also announced the launch of its Internet data center in
Dutchess County, N.Y. Founded by Michael Boccardi in April 2000, Cervalis
currently employs 140 and expects its staff to grow to 220 by the end of the
year. Mr. Boccardi had served as senior vice president of operations and CIO
at DeGeorge Home Alliance, which provided financing for new homes. The
company is backed by $40 million from venture capital company LPL Investment
Group.
		http://www.cervalis.com

		Data Downlink Changes Name to Alacra
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Data Downlink, a provider of Web-based business
and financial information tools, announced today the change of its name to
Alacra. According to chief executive officer, Steven Goldstein, the company's
services will be packaged as Alacra and available under that name starting
July 10. To date, Alacra has raised approximately $17 million in four rounds
of financing, with a post-money valuation of $60 million. Backers include
Barra, J.P. Morgan Chase, Flatiron Partners, Franklin Capital, and Hicks Muse
Tate & Furst. The company is currently seeking $5 million in Series G
financing, to close by the third quarter of this year.
		http://www.alacra.com

		 m&a
		?
		Bertelsmann Buys Ailing Digital Music Storage Firm MyPlay
		 mail? top

		 NEW YORK (VENTUREWIRE) -- The German media conglomerate Bertelsmann has
agreed to acquire MyPlay, a Redwood City, Calif.-based developer of digital
music storage technologies. Terms of the acquisition were not disclosed but
the deal has been reported to be worth about $30 million. MyPlay, which was
backed by investors including Institutional Venture Partners, Integral
Capital Partners, and Vulcan Ventures to the tune of about $23 million, was
involved in serious acquisition talks with Yahoo! last year. The asking price
during those discussions was $200 million before they fell apart in July
2000. Bertelsmann spokesperson Alexander Adler said the acquisition by
Bertelsmann would enable the German media group to launch a unified music
service, called BeMusic, which would combine its online and offline music
subsidiaries, including its BMG Music Group, its online retailer CDNow, and
MyPlay. The acquisition, according to Mr. Adler, will have no effect on
Bertelsmann's relationship with Napster. Bertelsmann has been alone among
major record labels in supporting the embattled music-swapping service and
has the option to become a major investor in Napster. Mr. Adler said the
acquisition of MyPlay was not a reaction to Vivendi Universal's acquisition
of MP3.com for $372 million last week. According to Mr. Adler, Bertelsmann
had been in discussions with MP3.com as well as MyPlay and decided to go with
the smaller -- and cheaper -- firm. "We were not interested in acquiring a
brand," Mr. Adler said, also noting that the price of the MyPlay acquisition
was less than purchases made by Bertelsmann competitors. Mr. Adler is
confident that the competition is healthy for the industry but he added that
Bertelsmann has $1 billion in revenue projected for the first year of the
BeMusic service and 6.5 million users already. Mr. Adler said that the
executive team would remain on board to operate MyPlay as a subsidiary of
Bertelsmann. He indicated that there would be no restructuring associated
with the acquisition, due in part to the February 200 layoffs of 41% of
MyPlay's staff. The company currently has 35 employees.
		http://www.bertelsmann.com
		http://www.myplay.com

		IT Factory Plans More Acquisitions After NotesHouse Deal
		 mail? top

		 BOSTON (VENTUREWIRE) -- IT Factory, an international supplier of
collaborative Internet business products and services based in Boston, is
planning to grow aggressively through acquisitions, a member of the firm told
VentureWire. The company, which has made eight purchases this year alone,
earlier this week announced its latest deal, involving the Lotus Notes
consultancy firm NotesHouse. While the company would not disclose financial
details of the acquisition, Gordon Darling, a company spokesperson, said IT
Factory will make additional purchases in the months ahead. "We will make
more acquisitions focusing on building the depth and breadth of our
professional services offerings." IT Factory will look beyond domestic
borders for deals, Mr. Darling said. "We're looking all over the world."  In
addition to companies developing technologies compatible with Lotus Notes,
Mr. Darling said it will specifically target businesses with technologies and
services compatible with the Microsoft Exchange platform. Mr. Darling would
not comment on how it values deals or how it pays for them. He would also not
comment on how many more deals it expects to make, saying it's too hard to
predict at the current time. Salomon Smith Barney is providing the company
with financial services while Edwards & Angell is providing legal counsel in
all of its M&A transactions. In addition to NotesHouse, the other companies
IT Factory has acquired this year include: Cincinnati-based Synergistics, a
provider of knowledge-enabled collaborative applications; Credenza, an IT
services firm in Australia; and Columbia, S.C.-based ECMS, a developer of
collaboration and messaging software. IT Factory is backed by 2M Invest,
BankInvest, Den Danske Bank, and Gilde. It said it expects to close a $20
million to $30 million round with all new investors within the next 60 to 90
days.
		http://www.itfactory.com

		TMP Worldwide Acquires Online Career Resource FlipDog.com
		 mail? top

		 PROVO, Utah (VENTUREWIRE) -- Publicly traded TMP Worldwide, the parent
company of Internet career portal Monster.com, announced it has acquired
privately held FlipDog.com, a commercial online career resource, from
WhizBang! Labs. The terms of the deal were not released. A spokesperson for
FlipDog said the acquisition will not affect employees or the management
structure of the company. TMP will operate FlipDog.com as an independent
entity and Web site, serving as a data resource for TMP's other businesses
such as its recruitment advertising and creative services business unit. As
part of this acquisition, WhizBang! Labs, the parent company of FlipDog, will
provide TMP with additional information-extraction services. WhizBang! Labs
is backed by Dominion Ventures, UBS Capital Americas, Hewlett Packard, Bear
Stearns, Spiral and Stars, InterVest, and New Media Venture Partners.
		http://www.flipdog.com
		http://www.tmp.com

		UsherPro, Season Ticket Networks Merge to Form New Company
		 mail? top

		 CHICAGO (VENTUREWIRE) -- UsherPro, a developer of ticket management
software, has merged with rival Season Ticket Networks (STN), to form a new
company called Season Tickets Solutions. The financial terms of the deal were
not disclosed Season Tickets Solutions, which will have headquarters in
Chicago, has developed software that enables ticket holders to track and
allocate season tickets. Robert McAuliff, UsherPro's chairman and CEO, will
become chairman and CEO of the new entity. Joel Milne, founder and president
of STN will become chief technology officer, and Taggart Romney of UsherPro
will head the new company's Ticket Exchange division. Mr. McAuliff said both
companies will lose a handful of low-level employees as result of the merger,
but all senior management, sales, marketing and technology personnel will be
retained. He said the combined entity will have a total of 25 employees.
UsherPro is in the process of raising its Series B round of funding, which it
plans to close in 30 to 60 days, Mr. McAuliff said. The company has raised an
undisclosed amount of funding from individual investors and is now looking to
raise its first institutional round. Mr. McAuliff said STN is also
venture-funded, but declined to disclose the names of the investors. Season
Ticket Solutions has more than 40 customers, including Staples Center, Key
Arena, American Airlines Center, the Columbus Blue Jackets, and the Colorado
Avalanche.
		http://www.seasonticket.com
		http://www.usherpro.com

		BuildOnline Acquires iScraper Germany in Cash and Stock Deal
		 mail? top

		 LONDON (VENTUREWIRE) -- BuildOnline, a provider of Web-based software for
the European property and construction industry, said it has acquired the
German operations of iScraper, which provides similar project collaboration
services for construction companies. Financial terms of the stock and cash
deal were not disclosed. BuildOnline CEO Marc Suster declined to disclose the
value of the deal, but, noting that the acquisition was a "fire sale," said
iScraper Germany's customer contracts have a value of approximately $1.3
million. Neither firm had outside advisors in the deal. In January,
BuildOnline considered buying iScraper's entire business, but did not
purchase the U.K. or Israel divisions due to lack of customer base, he said.
Mr. Suster added that BuildOnline is holding acquisition discussions with
companies in France and Germany, and expects to expand into Italy and
Switzerland. BuildOnline expects to become profitable in the first half of
2002. Of the seven former iScraper Germany employees, five -- including two
former managing directors -- will join the German office of BuildOnline.
BuildOnline will move its German offices from Dusseldorf to iScraper's
facilities in Frankfurt. iScraper, which had received $40 million in two
rounds of funding from Apax, Israel Seed Partners, and Softbank, filed for
bankruptcy two months ago after failing to close a third round. It had
employed a staff of approximately 65 in offices in the U.K., Germany, Spain,
New York, San Francisco, and Israel. BuildOnline is backed by $31.4 million
from BancBoston Capital, Delta Partners, ETF Group, Goldman Sachs, GRP,
Viventures, and Sal Oppenheim.
		http://www.buildonline.com
		http://www.iscraper.com

		Metavante Acquires Online Bill Management Firm CyberBills
		 mail? top

		 MILWAUKEE (VENTUREWIRE) -- Metavante, a financial services enabler wholly
owned by publicly traded Marshall & Ilsley Corp., announced it has acquired
CyberBills, a San Jose, Calif.-based developer of a Web-based bill management
service, for an undisclosed amount. Metavante's clients will be able to offer
customers the ability to view and pay presented bills within their Internet
banking sites. This is Metavante's second acquisition in a month. On May 1,
the company announced plans to acquire Derivion, a provider of Web-based
electronic bill presentment and payment services. CyberBills is backed by J
Net Ventures I, GE Equity, J.W. Seligman, Texaco, Dotcom Ventures, Intuit,
and Vertex Management.
		http://www.cyberbills.com
		http://www.metavante.com

		Outtask Acquires Upright Software, Terms Not Disclosed
		 mail? top

		 ALEXANDRIA, Va. (VENTUREWIRE) -- Outtask, a business services provider for
midsize and Fortune 1000 companies, acquired Illinois-based Upright Software.
Terms of the deal, including any financial information, office closings, or
layoffs, were not disclosed. The acquisition includes Upright's RightTrack
time and expense business application. Outtask will begin handling training
and customer service for Upright's existing users. Outtask, which has 85
employees, has raised $13.5 million to date, with its second round raising
$5.5 million in March. Founded in August 1999, Outtask is backed by divine,
WaldenVC, and individual investors. Its headquartered is in Alexandria, Va.,
with offices in Austin, Boston, Chicago, Detroit, New York, Portland/Seattle,
San Francisco, and Washington. Upright Software received one investment when
it spun out of Northbrook, Ill.-based IT services company Denmac in April
1999. Outtask is advised by Anthony Rickert who works in the Washington
office of law firm Piper Marbury. According to Outtask, it was approached by
Upright for this deal and is currently pursuing additional acquistions over
the next few months.
		http://www.outtask.com
		http://www.uprightsoftware.com

		CableNet Acquires Assets of B2B Commerce Firm wireConnect
		 mail? top

		 LONDON (VENTUREWIRE) -- CableNet International, which provides cable
manufacturers and suppliers with supply-chain integration applications, said
it has acquired the major assets of wireConnect, an Atlanta-based
business-to-business e-commerce marketplace for the wire and cable industry.
Financial terms of the acquisition were not provided. wireConnect's platform
will be folded into CableNet. In conjunction with the acquisition, Chad Hood,
founder and president of  wireConnect, will join CableNet as senior vice
president for Commercial Development. Mr. Hood will be based in Atlanta and
will be responsible for developing customer acquisitions and sales
opportunities for CableNet as it expands its operations in the U.S.
wireConnect was funded by Technology Ventures LLC and private investors.
CableNet, now in the process of raising a $10 million second round, is backed
by Amadeus Capital Partners, Pino Venture Partners, Veritas Venture Partners
and individuals.
		http://www.cablenet.com

		Catenas Acquires Minority Stake in Endero
		 mail? top

		 COPENHAGEN, Denmark (VENTUREWIRE) -- Catenas, a network of professional
services firms based in San Francisco, said it acquired a 25% stake in
publicly traded Swedish software and consulting firm Endero. Though Endero
remains public, it will join Catenas' network of professional services
companies. The deal strengthens Catenas' position in the Scandinavian region.
Catenas is majority-owned by 2M Invest, a venture capital and management
firm, which invested $10 million in Catenas in January. Also in January,
Catenas raised $54.7 million from Danish, Asian, and American investors at a
post-money valuation of $188 million and was advised by the London office of
McDermott Will & Emery in the deal. Gray Cary Ware & Freidenrich is the
company's law firm in the U.S. Catenas is a network of professional services
companies that provides management consulting, brand consulting, systems
integration, relationship marketing, and data mining.
		http://www.endero.com

		 new directors
		?
		American Fiber Systems Adds John F. Malon to Board
		 mail? top

		 ROCHESTER, N.Y. (VENTUREWIRE) -- American Fiber Systems (AFS), which
provides metropolitan dark fiber optic communications networks for carriers
and service providers in midsize U.S. cities, said it appointed John F. Malon
to its board of directors. Mr. Malon, who becomes the board's fourth member,
is the current president and CEO of The Eastern Managment Group, a management
consulting firm. Mr. Malon was introduced to the company by chairman Jeffrey
M. Drazan, who is a general partner of Sierra Venture Partners. Additional
board members include Larry Goldfarb, head of Bay Star Capital, and president
and CEO Dave Rusin, founder of AFS, which is backed by Sierra and Lucent
Venture Partners.
		http://www.americanfibersystems.com

		Andes Networks Appoints Dataquest Founder to Board
		 mail? top

		 MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Andes Networks, a provider of SSL
acceleration platforms, announced the appointment of Dataquest founder David
A. Norman to the company's board of directors. Mr. Norman joins as the fifth
member of the Andes Networks board of directors, which includes Jason Strober
of  Vantage Point Venture Partners and Sam Lee of Infinity Capital. This is a
new seat. Prior to joining Andes, Mr. Norman founded market information
services firm Dataquest and Creative Strategies, a research consulting firm.
He currently sits on the boards of Net Ratings, 1st Virtual Communications,
Bowstreet, noHold, 365Media and Telverse. To date, Andes has raised
approximately $25.5 million in two rounds of funding and has a valuation of
$80 million. Investors include Infinity Capital, PacRim Venture Partners, Sun
Microsystems, and VantagePoint Venture Partners.
		http://www.andesnetworks.com

		Supply-Chain Software Maker Mezzia Appoints Director
		 mail? top

		 INDIANAPOLIS, Ind. (VENTUREWIRE) -- Mezzia, a developer of collaborative
supply-chain planning software for healthcare organizations, said former
president of Premier, Alan Weinstein, has joined the board. Holding the fifth
seat on the board, Mr. Weinstein was first introduced to the company through
KB Partners. He had founded Premier Health Alliance, which later merged with
two other healthcare companies to become Premier. Mezzia has raised
approximately $10 million from Gazelle TechVentures, KB Partners, and Mason
Wells.
		http://www.mezzia.com

		Wireless Firm Commtag Appoints Phone.com Exec. to Board
		 mail? top

		 CAMBRIDGE, England (VENTUREWIRE) -- Commtag, a wireless peer-to-peer
networking platform developer, announced the appointment of former phone.com
executive Malcolm Bird as a non-executive director. Prior to joining Commtag,
Mr. Bird served as managing director for phone.com's European operations.
Also sitting on Commtag's board of directors is Andrea Traversone of Amadeus
Capital Partners. Founded in June 2000 with $1 million in seed funding from
its management team, Commtag raised $5 million in its initial round of
funding this March. Amadeus Capital Partners was the sole investor in the
round. The company anticipates a commercial deployment of its platform in
early 2002.
		http://www.commtag.com

		Biz Tech Management Firm Enamics Appoints New Board Member
		 mail? top

		 STAMFORD, Conn.  (VENTUREWIRE) -- Enamics, which provides an enterprise
design platform for creating business models, announced it has appointed Carl
Wilson, executive vice president and CIO of Marriott International, to its
board of directors. Mr. Wilson will be the fifth member on the board. He has
served on Enamics' advisory board since July. Enamics, which was founded in
December 1999 by Faisal Hoque, is funded by META Group and individual
investors.
		http://www.enamics.com

		 new people
		?
		Biotech Firm Enanta Names Spiros Jamas New President & CEO
		 mail? top

		 CAMBRIDGE, Mass. (VENTUREWIRE) -- Enanta Pharmaceuticals, a developer of
small-molecule drugs, announced the appointment of Spiros Jamas as president,
CEO and director. Prior to joining Enanta, he served as president, CEO, and
director of Repair, a biopharmaceutical company developing therapies to
repair diseased organs and tissues. Mr. Jamas replaces co-founder Peter O.
Kliem, who will continue with the company as chief operating officer,
executive vice president and board member. He joins as the seventh member of
the company's board, which includes Stella M. Sung, a partner with Oxford
Bioscience Partners; Gert Caspritz, a partner with TVM Techno Venture
Management; and William C. Mills III, a partner with Advent International.
Enanta's backers include Advent International, Alpinvest International, Bank
Vontobel, KB Lux Venture Capital, Lancet Capital, Oxford Bioscience Partners,
and TVM Techno Venture Management.
		http://www.enanta.com

		Data & Analysis Firm Polexis Names David Overskei as New CEO
		 mail? top

		 SAN DIEGO (VENTUREWIRE) -- Polexis, which creates information analysis and
data management tools and applications for commercial businesses and
government agencies, said it appointed David Overskei as its new CEO.
Previously, Mr. Overskei worked as a consultant to high-technology companies.
Mr. Overskei, who will not gain a board seat, replaces co-founder, Carlos
Persichetti, in the CEO position, but Mr. Persichetti will remain president.
Polexis was searching for a new CEO to direct its future growth and located
Mr. Overskei through a board member. Founded in 1995 the company has raised
two rounds of funding from Nextreme Ventures and Bridge-West. It is advised
by the San Diego office of Brobeck Pheleger & Harrison.
		http://www.polexis.com

		Ardent Appoints Former Glaxo WellCome Exec as Pres, CEO
		 mail? top

		 RESEARCH TRIANGLE PARK, N.C. (VENTUREWIRE) -- Ardent Pharmaceuticals, which
develops therapeutics for pain management, urinary incontinence, depression,
cardioprotection, and glaucoma, said Dr. Richard S. Kent has joined the
company as president and CEO. Dr. Kent had served as senior vice president of
global medical affairs and chief medical officer for GlaxoSmithKline.
Kwen-Jen Chang, who has served as president and CEO since 1996, retains his
position as chairman and takes on the role of chief scientific officer. Dr.
Kent, who takes a seat on the board as the ninth director, was introduced to
Ardent through local industry contacts. He will focus on bringing the firm's
first product, an intravenous formulation for pain management, through
clinical trials and to market. The trials will finish in 2004. The company is
backed by more than $32 million from Bau Dah Investment, Bio World Venture
Capital, Central Investment Holding Co., China Development Industrial Bank,
Elan Pharmaceuticals, and PK Venture Capital.
		http://www.ardentpharma.com

		 vc fund news
		?
		MMC Capital Closes Technology Fund II at $250M
		mail? top

		 GREENWICH, Conn. (VENTUREWIRE) -- MMC Capital, a global private equity firm,
said it closed the MMC Capital Technology Fund II at $250 million on October
31, 2000. The company, a subsidiary of Marsh & McLennan Companies, manages
over $2.5 billion in assets. MMC Capital said it waited to announce the fund
until after its marketing period expired on March 31, 2001. MMC Capital
Technology Fund II will invest between $5 million and $20 million in the
second and third stages of technology companies in financial services and
related industries. MMC Tech II said it plans to invest in a total of 20
companies and has already invested in four: CashEdge, CyberStarts, InfoGlide,
and Insurance Technologies. Investors in the fund are insurance companies,
financial services, and pension funds. Charles A. Davis and Stephen Friedman
are the senior principals managing the fund. Bruce Ferland, Timothy J.
Lemmon, and Randall J. Wolf are the remaining principals for the fund. MMC
Capital Technology Fund I closed in 1999 at $81 million and is fully invested
in 12 companies. MMC Capital manages three families of funds that invest in
insurance, software, and communications.
		http://www.mmccapital.com

		 vc personnel
		?
		Royal Bank Capital Partners Adds Two to Energy Fund Team
		 mail? top

		 NEW YORK (VENTUREWIRE) -- Royal Bank Capital Partners, the private equity
arm of Royal Bank of Canada, said Bruce Rothstein and Ray Sheen have joined
the Energy Fund as managing director and director, respectively. Mr.
Rothstein joins the firm from Entech Industries, where he served as executive
vice president, chief financial officer, and board director. Mr. Sheen had
served as vice president of the energy group at Deutsche Bank, and as project
finance director at Union Bank of Switzerland. Paul McDermott, private equity
fund manager at Royal Bank Capital Partners, said the firm also plans to add
an associate for the Energy Fund. Three investment professionals currently
manage the Energy Fund. Mr. Rothstein had been a colleague of Mr. McDermott
at First Reserve, while Mr. Sheen was introduced to Royal Bank Capital
Partners by mutual contacts at Deutsche Bank. The $100 million Energy Fund,
which launched in January, makes investments ranging from $7 million to $15
million in late-stage private and public companies in the service sector and
hydrocarbon production sector of the energy industry. The fund will invest in
10 to 15 companies over the next two to three years. When half of the Energy
Fund has been committed, expected in 18 months, the firm will look to raise a
new fund. So far $8 million of the fund has been committed. Royal Bank
Capital Partners has $800 million under management in six funds.
		http://www.rbcap.com

		company index
		top

		Advantage Capital Partners, Alacra, Alacra, American Fiber Systems, Andes
Networks, Andes Networks, Ardent Pharmaceuticals, Ardent Pharmaceuticals,
Arexis, Arexis, Asera, Assentive Solutions, Astrea Systems, Atherotech,
Atherotech, Availant, Aventail, Bertelsmann, Bertelsmann, BF Goodrich,
BuildOnline, CableNet International, Cervalis, Commtag, Commtag, CyberBills,
Digital Media On Demand, E Ink, e-business technology, Enamics, Enanta
Pharmaceuticals, Enanta Pharmaceuticals, Enanta Pharmaceuticals, Endero,
Entropia, Eqvitec Partners, eRealty.com, FlipDog.com, FlipDog.com, Fractus,
Fractus, GetPlugged.com, Iconix Pharmaceuticals, Iconix Pharmaceuticals,
Improv Systems, Incyte Pharmaceuticals, Incyte Pharmaceuticals, Insight
Capital Partners, Insight Capital Partners, iScraper, IT Factory, IT
Provider, Lido Capital, Lumeta, Metavante, Metreo, Mezzia, MidStream
Technologies, Millennium Technology Ventures, MMC Capital, Model N, myplay,
myplay, Neurotech, Neurotech, OmniSonics Medical Technologies, OptiGlobe
Communications, OutTask, PaperExchange.com, PaperExchange.com, Poindexter
Systems, Polexis, Polexis, Polexis, Quake Technologies, Quake Technologies,
Remedyne, Remedyne, Rho Ventures, Royal Bank of Canada Capital Partners,
Seasonticket.com, Sequence Design, SpeedGreetings, SpeedGreetings, Spirian
Technologies, Spirian Technologies, TMP Worldwide, TMP Worldwide, Tools for
Health, Toppan Printing, Touchpoint, Upright Software, UsherPro,
VirtualGiveaway, Whitney & Co., Xtime, Xtime

		Time is money and time can be saved through
		effortless, streamlined Web-based enterprise
		services.

		As IBM preps to launch Web-based software
		allowing for smoother enterprise-application-
		integration, it will face competition from the
		likes of Hewlett-Packard, Microsoft, Oracle and Sun.
		Which will attract the greatest number of
		developers and customers in the Web-services
		arena?

		Hear what Steven Mills, Senior VP & Group
		Executive of IBM Software, has to say about
		IBM's latest at Enterprise Outlook, June 26 & 27.

		Register today:http://www.enterpriseoutlook.com/register.asp

		investor index
		top

		3i Group, 3i Group, 3i Group, 3i Group, 3i Group, 3i Group, ABN AMRO Private
Equity, ABN AMRO Private Equity, AGF Innovation, AGF Innovation, Apax
Partners, Apax Partners, Atlas Venture, Atlas Venture, Banque de Vizille,
Banque de Vizille, Bowman Capital Management, Bowman Capital Management, CDC
Innovation, CDC Innovation, Cisco Systems, Cisco Systems, Compass Venture
Partners, Compass Venture Partners, Dlloyd Investments, Dlloyd Investments,
Emerging Alliance Fund, Emerging Alliance Fund, GIMV, GIMV, IMH, IMH,
InnovationsKapital, InnovationsKapital, JF Shea Ventures, JF Shea Ventures,
Mail2000, Mail2000, Merlin Biosciences, Merlin Biosciences, Mitsubishi,
Mitsubishi, Mohr Davidow Ventures, Mohr Davidow Ventures, Needham Capital
Partners, Needham Capital Partners, Rothschild, Unterberg, Towbin Management,
Rothschild, Unterberg, Towbin Management, SEB Foretagsinvest, SEB
Foretagsinvest, Silver Young Partners, Silver Young Partners, Sofinnova
Ventures, Sofinnova Ventures, Sudinnova, Sudinnova, Sutton Ventures Group,
Sutton Ventures Group, Technology Funding, Technology Funding, Toppan
Printing, Westdeutsche Landesbank Girozentrale, Westdeutsche Landesbank
Girozentrale

		your account

		click on the following links to:
		 Switch to the plain-text version
		 Change your e-mail address
		 Cancel your subscription
		 Thoughts, suggestions, commentary
		 This newsletter was mailed to you at:  jdasovic@ENRON.COM

		contact

		Send news items to editor@venturewire.com
		Send questions, complaints, or service queries to venturewire@venturewire.com
		Send advertising inquiries to visconti@venturewire.com

		legal

		This copy of VentureWire and the information within it may not be reproduced,
saved, or otherwise copied into a database without the prior written consent
of Technologic Partners.

		VentureWire is a service mark of Technologic Partners
		,2001 Technologic Partners
			?


---------------------- Forwarded by Ginger Dernehl/HOU/EES on 05/22/2000
09:52 AM ---------------------------

Janine Migden
05/19/2000 04:33 PM
To: Janine Migden/DUB/EES@EES
cc: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Martin
Wenzel/SFO/HOU/EES@EES, Dave S Laipple/DUB/EES@EES, Adam Cooper/DUB/EES@EES,
Greg F Bechert/DUB/EES@EES, Christopher S Barnum/DUB/EES@EES, Eric P
Niemeyer/DUB/EES@EES, Kevin Kovak/HOU/EES@EES, David Kramer/HOU/EES@EES,
Frank Bercan/HOU/EES@EES, Eric Letke/DUB/EES@EES, Tim Weithman/DUB/EES@EES,
Dana Saucier/DUB/EES@EES, George C Mossides/DUB/EES@EES, Jill L
Walton/DUB/EES@EES, Janet R Dietrich/HOU/ECT@ECT, Donald M- ECT Origination
Black/HOU/ECT@ECT, Jeffery Ader/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT,
Mark Bernstein/HOU/ECT@ECT, Doug Sewell/HOU/ECT@ECT, James D
Steffes/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Elizabeth
Linnell/HOU/EES@EES, Lynnette Barnes/HOU/EES@EES, Ginger Dernehl/HOU/EES@EES,
Laurie Knight/DUB/EES@EES
Subject: Re: Summary of Ohio Settlements

Sorry, I forgot the attachments.


This is a reminder of Enron's Email retention policy.  The Email retention policy provides as follows:

Message Location - Maximum Retention
Inbox - 30 days
Sent Mail Folder - 30 days
Trash/Deleted Items - Rollover from Inbox for one day
Folders - All Email messages placed in folders will be destroyed after one calendar year. This includes public folders in Outlook.

Furthermore, it is against policy to store Email outside of your Outlook Mailbox and/or your Public Folders.  Please do not copy Email onto floppy disks, zip disks, CDs or the network.  Such actions are prohibited and will not be supported by the IT Department.

There will be no exceptions to this policy.


Mike, here is the edited document.  I have changed references to "Enron's"
meters to "University's" since they either own or lease them.  I have also
deleted references to "billing" data, since these meters will no longer be
providing that.  For example, if we proceed with installing the adapters, the
billing data will still come from the SCE meter.  The data from the
University meter will be used to populate Energy Sense and for any other type
of usage report they may request.

Hope this is clear.  Let me know if anyone has questions.

	Enron Energy Services

	From:  Mike D Smith                           03/21/2001 03:15 PM

To: Diann Huddleson/HOU/EES@EES
cc:
Subject: Re: Declarations

Tomorrow would be great

Diann Huddleson
03/21/2001 03:11 PM
To: Mike D Smith/HOU/EES@EES
cc: kb@quinnemanuel.com, awu@quinnemanuel.com, Robert C
Williams/Enron@EnronXGate, Jeff Dasovich/NA/Enron@Enron, Dennis
Benevides/HOU/EES@EES, Tom Riley/Western Region/The Bentley Company@Exchange,
Evan Hughes/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Dan Leff/HOU/EES@EES,
Marty Sunde/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Jeff Messina/HOU/EES@EES
Subject: Re: Declarations

Mike, there are several comments in Natividad's Declaration that I would like
to revise.  Maurice Winter is currently reviewing it for accuracy on the
meter aspects.  When do you need this?

	Enron Energy Services

	From:  Mike D Smith                           03/21/2001 09:47 AM

To: kb@quinnemanuel.com, awu@quinnemanuel.com
cc: Robert C Williams/Enron@EnronXGate, Jeff Dasovich/NA/Enron@Enron, Dennis
Benevides/HOU/EES@EES, Tom Riley/Western Region/The Bentley Company@Exchange,
Evan Hughes/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Diann
Huddleson/HOU/EES@EES, Dan Leff/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Jeff Messina/HOU/EES@EES
Subject: Declarations

Attached are my comments to all declarations.  For the most part they look
great.

I have no comments on Navidad's (the metering expert)--but I ask Evan and
Diann to review for accuracy.  I would also like Peggy and Jeff to review
very carefully Dennis' declaration--there are several direct statements about
our hedging strategy and our financial losses under the UCCSU K that will
become public.  We either need to be comfortable with these statements or
tone them down.  This is very important.

Please send me any comments.  MDS


I will be at the dinner tonight.

DG    3-9573


Big 12 leads recruiting charge
?

?	By Bill Hodge
FANSonly.com

Dominating the 1999-2000 college basketball recruiting season, the Big 12 has
five teams in the top 15 men's classes following the late signing period.

	Search for signings

	The spring signing period ran from April 12 to May 15. Use FANSonly.com's
databases to find all the signings for your favorite school.
	Men's database search
	Women's database search.

	Oklahoma, Oklahoma State, Texas, Missouri and Iowa State all had outstanding
recruiting campaigns.
	Overall results are pending as signed scholarships continue to arrive
following the final signing day on May 15. Financial aid agreements (binding
schools, but not athletes) may still be signed. Eligibility problems are
common and will affect final rankings as well.
	Iowa, Indiana and Michigan State head up the top of the Big Ten, while
Connecticut, Seton Hall and St. John's collected impressive classes in the
Big East. North Carolina headed the ACC and Cincinnati topped Conference-USA,
while Memphis, under new head coach John Calipari, finished strong. Alabama
leads the SEC.
	If you're looking for pure size, 7-foot-6 center Neil Fingleton, a native of
England who attended Worchester-Holy Name Central Catholic, Mass., signed
with North Carolina. Curtis Johnson, a 7-4 center from Norfolk-Ryan Academy,
Va., is set for St. John's. However, neither will play early roles.
	1. Connecticut
F Caron Butler,6-7, Pittsfield-Maine Central Institute, Maine
G Taliek Brown, 6-1, Astoria-St. John's Prep, N.Y.
F Scott Hazelton, 6-8, Lawrence-Central Catholic, Mass.
F Johnnie Selvie, 6-7, Flint, Mich/Southeastern CC, Iowa
G Robert Swain, 6-4, College Park-Tri-Cities, Ga.
	The Huskies have an outstanding class, adding a top junior college player in
Selvie, plus Swain during the spring. Coach Jim Calhoun had to worry about
signing Butler, the top prep school prospect in the nation, at the last
minute over UNLV. Brown and Hazelton are both McDonald's All-Americans and
potential stars, but all attempts by the UConn staff of signing a big man
failed. Brown is physical and a scorer. Hazleton is a smooth wing player.
	2. Seton Hall
F Eddie Griffin, 6-8, Philadelphia-Roman Catholic, Pa.
G Andre Barrett, 5-8, Manhattan-Rice, N.Y.
G Marcus Toney-El, 6-6, West Orange-Seton Hall Prep, N.J.
F Damion Fray, 6-8, Huntington Station-Whitman, N.Y.
	Coach Tommy Amaker has this program on the way up and added three Top 50
players in Griffin (considered by many as the top prospect in nation),
Barrett and Toney-El. All three should step into the starting lineup or find
extensive playing time off the bench.
	3. Oklahoma
F James Wright, 6-6, Winchendon School, Mass.
F Johnnie Gilbert, 6-7, Minneapolis-Patrick Henry, Minn.
F Aaron McGhee, 6-8, Vincenness JC, Ind.
F Daryan Selvy, 6-6, Carl Albert JC, Okla.
C Ronnie Griffin, 6-9, Tallahassee CC, Fla.
G Blake Johnston, 6-1, Midland, Texas
F Joszef Szendrei, 6-9, Northeastern JC, Colo.
	Coach Kelvin Sampson landed athletes who can run and rebound with power.
McGhee and Selvy are first-team junior college All-American forwards and both
Griffin and Szendrei are very strong inside. Wright and Gilbert were highly
rated preps.
	4. Oklahoma State
F David Anderson, 6-8, Hargrave Military Academy, Va.
G/F Terrence Crawford, 6-6, Oklahoma City-Bishop McGuinness, Okla.
G Ellis Kidd, 6-5, Dallas-Madison, Texas
C Jack Marlow, 6-11, Tulsa-Union, Okla.
F Ivan McFarlin, 6-7, Sugar Land-Willowridge, Texas
G Maurice Baker, 6-1, Dixie JC, Utah
G Melvin Sanders, 6-5, Seward CC, Kan.
	Coach Eddie Sutton is very high on Sanders, McFarlin and Crawford. Marlow
weighs 285 pounds. Kidd can light it up and Anderson is very quick for 6-8.
Baker and Sanders were Spring additions and can score.
	5. Iowa
C Jared Reiner, 6-11, Tripp-Delmont, S.D.
F Glen Worley, 6-8, Iowa City-West, Iowa
G Brody Boyd, 5-10, Dugger-Union, Ind.
F Courtney Scott, 6-6, Lansing-Waverly, Mich.
F Sean Sonderleiter, 6-9, Des Moines-Christian, Iowa
F Reggie Evans, 6-8, Pensacola-Woodham, Fla/Coffeyville CC, Kan.
	Guard Luke Recker and guard Ryan Hogan, both redshirt transfers, also join
the Hawkeyes. This is one of the top Hawkeye classes ever, as coach Steve
Alford signed a highly rated center in Reiner (who passed on UConn and
Kansas), a top forward in Worley and an unbelievable shooter in Boyd. Evans
is considered a top junior college prospect at power forward and Hogan played
at Kentucky before transferring. The huge prize is Recker, who transferred to
Arizona from Indiana and then moved to Iowa in order to be nearer his family
and girlfriend, who was seriously injured in a car accident. After an appeal,
the NCAA allowed eligibility this fall. Recker averaged 16 points as a
sophomore for the Hoosiers and was third-team all-Big Ten. The Hawkeyes
already have a junior committment from one of the top guards in the nation,
Pierre Pierce of Westmont, Ill.
	6. St. John's
G Omar Cook, 6-1, Middle Village-Christ the King, N.Y.
F Kyle Cuffe, 6-8, Manhattan-Rice, N.Y.
C Mohammed Diakite, 6-11, Rockville-Montrose Christian Academy, Md.
G Willie Shaw, 6-6, Bronx-Stevenson, N.Y.
C Curtis Johnson, 7-4, Norfolk-Ryan Academy, Va.
	Forward Alpha Bangura and center Abe Keita are coming off redshirt years,
which makes coach Mike Jarvis' list of fresh faces even bigger. Jarvis had
corralled a super class, perhaps best in the nation, but the key was F Darius
Miles, 6-9, East St. Louis, Ill. A do-everything player generally rated among
the top three prospects in the country, Miles turned to the NBA rather than
attend St. John's. Without him, this group tumbles a few notches from their
No. 1 ranking after the early signing period. Cook is dynamic and Diakite
could the Red Storm's best center in years. Both have great basketball bodies
and athleticism. Johnson was a late addition and is considered a project. F
Eric King, 6-7, Brooklyn-Lincoln, NY., had entrance problems.
	7. Cincinnati
F Jamaal Davis, 6-8, Purdue/Barton County CC, Kan.
F Rod Flowers, 6-8, Huntsville, Ala.
G Field Williams, 6-3, Houston-Waltrip, Texas
F Antwan Jones, 6-8, Tallahassee CC, Fla.
G Immanuel McElroy, 6-4, Tyler JC, Tex.
	Reloading, the Bearcats have a great class with junior college standouts
Jones, McElroy and Davis. Davis played at Purdue before transferring. Flowers
and Williams are promising. National-quality guard/forward Jerome Harper of
Columbia, S.C., had his letter withdrawn due to off-court/entrance problems
and will attend junior college.
	8. Texas
G/F Brandon Mouton, 6-5, Lafayette-St. Thomas More, La.
C/F Brian Boddicker, 6-9, Duncanville, Texas
C Jason Klotz, 6-11, Houston-Klein Forest, Texas
F James Thomas, 6-8, Hargrave Military Academy, Va.
G Fredie Williams, 6-2, Mississippi Delta CC, Miss.
G Royal Ivey, 6-3, Blairstown, N.J.
	This group, powered by big men wanting to play for coach Rick Barnes, is one
of the nation's best. Thomas is tough and Boddicker was rated the best
propect in the state. Both should get playing time with the departure of
center Chris Mihm to the NBA. Purdue wanted Mouton badly, as he is a major
offensive threat. Other keys are Ivey, Williams and Klotz.
	9. Indiana
F Jared Jeffries, 6-10, Bloomington-North, Ind.
F/G A.J. Moye, 6-5, Atlanta-Westlake, Ga.
G Andre Owens, 6-3, Indianapolis-Meridian, Ind.
F Mike Roberts, 6-8, New Hampton-Prep, N.H.
	Coach Bob Knight and the Hoosiers shocked Duke by signing Jeffries, one of
the best forwards in the nation, and all four prospects are top quality. Moye
is a physical player and suited for the Big Ten wars, and Owens and Roberts
are very tough. Jeffries, a huge believer in Knight, threatened to transfer
if the veteran coach had been fired.
	10. Michigan State
G Marcus Taylor, 6-3, Lansing-Waverly, Mich.
F Zach Randolph, 6-8, Marion, Ind.
	Spartan followers can't complain about a class with the top guard and
center/forward in the nation. Higher-rated schools just had more prospects.
Taylor is outstanding and should see time early. Randolph, still not
qualified, is a widebody who dominated prep all-star play and could be the
Spartans' best post player in recent years.


Telecommunications Reports presents . . . . . TR's State NewsWire
February 8, 2001 8 A.M. Edition

STATES
MISSISSIPPI -- Senate passes no-call bill
MINNESOTA -- PUC chair would mediate disputes under bill
MASSACHUSETTS -- Eleven bills to restrict telemarketers introduced
CONNECTICUT -- Bill would exempt cable TV companies from earnings tax
COLORADO -- Workshops on Qwest market-entry bid continue
OKLAHOMA -- SW Bell presents $30 million grant to educational trust
KANSAS -- KCC denies SW Bell request to reconsider 'recip comp' order
IOWA -- Bill would restrict cellphone use while driving
UTAH -- Committee to take up bill addressing rate increases for small
telcos
ILLINOIS -- Measure would create study of Internet voting
IDAHO -- More than 7,000 join no-call list during the first month

CUSTOMER-AFFECTING
MISSISSIPPI
Senate passes no-call bill

The Senate has approved a bill to prevent telephone solicitors from
calling consumers who inform the Public Service Commission that they
object to such calls.  SB 2362, sponsored by Sen. Thomas E. Robertson
(R., District 51), would require the PSC to create a no-call database
containing telephone numbers of consumers who don't want calls from
solicitors.  (1/18/01 p.m.)

Only five senators voted against SB 2362, but a motion to reconsider was
entered, a legislative staff member told TR.  The motion means that SB
2362 could be called up for another Senate vote before Feb. 12, the
staff member said.

Rep. Les Barnett (R., District 116) has introduced a similar bill, HB
1414, which has been referred to the House Public Utilities Committee.

SB 2362 and HB 1414 have won the support of the Public Service
Commission.  (2/2/01 p.m.)  Almost 400 consumers in the past two months
have asked the commission to help limit telemarketing, and the two bills
would help accomplish this, according to the PSC.

FUTURE OF REGULATION
MINNESOTA
PUC chair would mediate disputes under bill

A bill introduced in the House would allow the chairman of the Public
Utilities Commission to mediate and resolve disputes between utility
providers.  The intent is to create a more efficient and informal method
of dispute resolution option than can be pursued in formal proceedings
before the full commission or a court, according to the measure.

The new dispute-resolution process could be initiated by a provider's
written complain to the chairman or by the chairman's own motion.  The
chairman could designate another commissioner to hear a particular
dispute.

Within 15 days of a mediation session, the parties would have to inform
the chairman as to whether they had reached a resolution.  If a
resolution weren't reached, the chairman could issue a written decision
or refer the issue to the full commission.

Reps. Loren Geo Jennings (D., District 18B) and Ken Wolf (R., District
41B) introduced HF 568.  It has been referred to the House Regulated
Industries Committee.

CUSTOMER-AFFECTING
MASSACHUSETTS
Eleven bills to restrict telemarketers introduced

The Joint Committee on Government Regulations and the Joint Committee on
Commerce and Labor are considering five House bills and six Senate bills
aimed at restricting telemarketers.

HB 234, HB 602, HB 1378, SB 22, SB 44, and SB 91 each would establish a
statewide no-call database, with listing fees ranging from $5 to $10 per
consumer.  The bills would establish fines ranging from $500 to $5,000
per violation.  HB 602 also would require telemarketers to pay $500 to
access the list and would require carriers to notify customers about the
list and tell them how to sign up.

Two other House bills take a slightly different approach.  HB 577
addresses fraud by requiring telemarketers to issue a "notice of
confirmation and cancellation rights" after each transaction made by
phone.  The buyer could cancel the transactions up to three business
days after the receipt of the notice.  HB 1002 would levy fines of up to
$1,000 against telemarketers who deliberately blocked Caller ID during
solicitations.

SB 55, in addition to creating a no-call list, would establish
guidelines for conduct including requesting fees, telemarketing to
minors, and blocking Caller ID.  SB 126 would require telemarketers to
submit a registration statement and a $50,000 surety bond.  SB 126 also
suggests guidelines for recordkeeping, prohibited acts and practices,
and cancellation of transactions.

The Joint Committee on Government Regulations is considering three
bills--HB 602, sponsored by Rep. Scott P. Brown (R., Norfolk-9), HB
1378, sponsored by Rep. Charles A. Murphy (D., Middlesex-23), and HB
1002, sponsored by Rep. Mary Jane Simmons (D., Worcester-4).

The Joint Committee on Commerce and Labor is considering two of the
House bills--HB 234, sponsored by Rep. William M. Straus (D.,
Bristol-10), and HB 577, sponsored by Rep. Bruce J. Ayers (D.,
Norfolk-1).

The six Senate bills have been referred to the Joint Commerce and Labor
Committee.  SB 22 is sponsored by Sen. Robert A. Antonioni (D.,
Worcester), SB 44 is sponsored by Sen. Susan C. Fargo (D., 5th
Middlesex), SB 48 is sponsored by Sen. Cheryl A. Jacques (D., Norfolk),
SB 55 is sponsored by Sen. Michael R. Knapik (R., 2nd Hampden), SB 91 is
sponsored by Sen. David P. Magnani (D., Middlesex), and SB 126 is
sponsored by Sen. Richard R. Tisei (R., 3rd Middlesex).

TAXATION
CONNECTICUT
Bill would exempt cable TV companies from earnings tax

Rep. Richard O. Belden (R., District 113) has introduced a bill to
exempt cable TV companies from the state's 5% gross earnings tax.  HB
6165 has been referred to Committee on Energy and Technology.  Its text
is available at
http://www.cga.state.ct.us/2001/tob/h/2001HB-06165-R00-HB.htm.

LONG DISTANCE
COLORADO
Workshops on Qwest market-entry bid continue

Workshops on Qwest Corp.'s bid to enter the Colorado interLATA (local
access and transport area) service market are scheduled to resume at the
Public Utilities Commission Feb. 20-23.  Issues that will be addressed
include unbundled network element combinations, transport switching, and
"dark" (unpowered) fiber, a PUC staff member told TR.  The PUC plans to
hold workshops monthly through the spring, the staff member said.

Section 271 of the federal Telecommunications Act of 1996 bars Bell
companies from providing in-region interLATA services until the FCC
finds that they have complied with certain local exchange market-opening
requirements.  Section 271 of the federal Telecommunications Act of 1996
requires the FCC to seek the advice of the relevant state commission.
Typically Bell companies have not submitted a section 271 application to
the FCC until state regulators indicate that they are satisfied that the
company has complied with the Act's market-opening mandates.

ADVANCED SERVICES
OKLAHOMA
SW Bell presents $30 million grant to educational trust

Southwestern Bell Telephone Co. has given $30 million to Attorney
General Drew Edmonson (D.) and trustees for the Oklahoma Education
Technology Trust to establish and activate a trust designed to help
schools capitalize on new computer and telecom technology.  The company
pledged the money during negotiations that led to the company opting out
of rate-of-return regulation.  (11/12/99 a.m.)  The state Corporation
Commission finalized the alternative regulation plan in December 1999.
(12/1/99 a.m.)

The trust will assist schools across the state by funding, obtaining,
installing, and integrating new computer and telecom equipment.  Only
the interest from the $30 million contribution can be tapped by the
appointed trustees.

Edmondson said, "The trust will oversee the placement of new computer
hardware and software and other telecommunications equipment in out
classrooms, so that students across out state have an opportunity to
claim a place in the information age."

INTERCOMPANY COMPENSATION
KANSAS
KCC denies SW Bell request to reconsider 'recip comp' order

The state Corporation Commission has rejected Southwestern Bell
Telephone Co.'s request to stay the commission's order finding that
Internet service provider (ISP)-bound traffic is subject to reciprocal
compensation.  The commission decided not to stay the order on the
grounds that it wouldn't be fair to continue to deny competitive local
exchange carriers reciprocal compensation for ISP-bound traffic.

The reciprocal compensation order, issued Dec. 18, 2000, maintains that
a call to an ISP qualifies as a local call if it connects to the ISP's
modem within the same calling area as the end user who initiated the
call.  As local calls, ISP-bound calls are subject to reciprocal
compensation at the same rate that applies to other local traffic,
according to the order.  (Docket no. 00-GIMT-1054-GIT, In the Matter of
a General Investigation to determine whether Reciprocal Compensation
Should Be Paid for Traffic to an Internet Service Provider)

WIRELESS
IOWA
Bill would restrict cellphone use while driving

Rep. Janet Peterson (D., District 72) has introduced a bill to prohibit
minors that are driving with an instruction permit or an intermediate
driver's license from using cellphones while driving.  Calls made to
"911" or another emergency number would be exempt.

Violators would be subject to confinement for up to 30 days or a $50 to
$500 fine.

PRICING
UTAH
Committee to take up bill addressing rate increases for small telcos

The House Public Utilities and Technology Standing Committee will be
considering a bill during its Feb. 9 meeting to change the number of
access lines a small telecom company must own to take advantage of an
abbreviated rate increase process.  Under current law, a telecom company
must have less than 5,000 lines in an exchange to use the abbreviated
rate increase process.

HB 297 would change that language to apply to access lines statewide.
Any small telecom company taking advantage of the shorter process would
have to operate less than 30,000 access lines statewide under HB 297.  A
Public Service Commission staff member explained to TR that the bill
would make the language of this statute consistent with language
contained in other statutes and rules.

For example, the PSC is working on new service-quality rules that, in
part, would apply to telecom companies with more than 30,000 access
lines in the state, namely Qwest Corp.  Rep. Thomas Hatch (R., District
73) sponsored HB 297.

INTERNET
ILLINOIS
Measure would create study of Internet voting

Rep. Louis Lang (D., Skokie) has introduced a bill to create a temporary
commission to study and recommend a system of Internet voting for the
2004 elections and thereafter.  Eight members of the General Assembly
and eight members of the general public would make up the commission.
The Senate president and minority leader and the House speaker and
minority leader each would appoint two legislative members and two
public members.

HB 590 has been referred to the House Election Campaign Reform
Committee.

CUSTOMER-AFFECTING
IDAHO
More than 7,000 join no-call list during the first month

During the first month of its existence, 7,256 Idahoans signed up for a
no-call list, which is administered by Attorney General Al Lance's (R.)
office.  (11/20/00 a.m.)  The registration period will continue through
March 31 for the first list, which is scheduled to be published April
2.  According to U.S. Census reports, about 1.3 million people live in
Idaho.

The initial registration fee is $10 for three years, and consumers can
renew their registration for an additional three years for $5.
Telemarketers can obtain the list from the AG's consumer protection unit
for $25.

Federal law prohibits duplication in any form, including electronic,
without permission of the publisher.

TR's State NewsWire Copyright 1998, 1999, 2000 Telecommunications
Reports International, Inc. (ISSN 1082-9350) is transmitted each
business day at 8 a.m. and 2 p.m., except holidays.
Telecommunications Reports International, Inc.
1333 H St. NW, Suite 100-E
Washington, DC 20005-4707

Associate Editor for Online Publications: Jennifer Erschen, E-mail:
jerschen@tr.com
Senior Legislative & Regulatory Analyst: Gayle Kansagor, E-mail:
gkansagor@tr.com
Senior Research Analyst: Steve Arlowe, E-mail: sarlowe@tr.com
Senior Analyst: Barney McManigal, E-mail: bmcmanigal@tr.com
Account Services: Eileen Callahan (202) 312-6116, (202) 842-3023 (fax)
E-mail: ecallahan@tr.com


Wow.  I wonder how long it will take for me to get a good handle on this
stuff?

Thanks,

Kay

	From:  Christi L Nicolay @ ECT                           04/10/2001 03:33 PM

To: Kay Mann/Corp/Enron@Enron, Reagan Rorschach/Enron@EnronXGate
cc:

Subject: FW: 200 version

some comments

A.  1st sentence --Remove "a" before dual fuel.  Change delivers to deliver
"Costs"  (xi)  Add "SPP or" before "Serc-imposed
"Protocols"  I don't think there are SERC Protocols (this may be from ERCOT
agreement).
"Serc ISO"  There is not such thing yet.
"SPP"  Add "Reliability" after Electric

---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/10/2001
03:30 PM ---------------------------
From: Reagan Rorschach/ENRON@enronXgate on 04/09/2001 02:31 PM
To: David Fairley/ENRON@enronXgate, Lloyd Will/HOU/ECT@ECT, Christi L
Nicolay/HOU/ECT@ECT
cc:

Subject: FW: 200 version

Here is the latest.

 -----Original Message-----
From:  Mann, Kay
Sent: Monday, April 09, 2001 2:03 PM
To: Rorschach, Reagan
Subject: 200 version

Let's see if I can attach it this time.


give me your number.  i'll call you in the afternoon, after 3:00, sometime
this week.

LC


Start Date: 4/30/01; HourAhead hour: 17;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001043017.txt
Error: Invalid variant type conversion

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/30/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM


Sally,

This resume was sent to me by one of the recruiters we use.  I thought you
might be interested in him because of his current position at Dynegy.

Susan
---------------------- Forwarded by Susan Harrison/HOU/ECT on 06/14/2000
03:26 PM ---------------------------

"Steve Tinsley" <tins2@tinsleygroup.com> on 06/05/2000 04:24:40 PM
To: <susan.harrison@enron.com>
cc:
Subject: T.J. McReynolds

Susan,
?
I have known T.J. for several years and his is  interested in working for
Enron.? Do you know if there is a position  available at his level? Should I
snd his resume to anyone else at Enron??  Please advise.
?
Thanks,
Steve
 - T.J.McReynolds@.doc


March data for Monfort is on the Zoom network
John


======================================================================

GLOBAL GREEN USA E-NEWS

October 2001 - http://www.globalgreen.org/

======================================================================

This Month's Headlines:

-- INTERNET AUCTION JOINED BY PRESIDENT GORBACHEV

-- ENERGY UPDATES

-- CHEMICAL AND NUCLEAR WEAPONS UPDATE

-- LA EVENTS WITH PRESIDENT GORBACHEV POSTPONED

-- SUPPORT GG USA BY SHOPPING 'GREEN'

==============================================================

VIRTUAL AUCTION JOINED BY PRESIDENT GORBACHEV

President Mikhail Gorbachev has agreed to participate in Chivas 2000 -- a
global on-line charity auction held with e-bay from September 6th to October 31st 2001.

Log on to http://www.chivas.com from October 18 to 28 for your chance to bid on an exceptional lot: Private tea in New York with President
Gorbachev.  This will be followed by VIP seating at Global Green USA's 4th
Annual New York Gala in April 2002 where President Gorbachev will be the guest of honor.

All proceeds from the sale of our lot will come to Global Green and Green
Cross International and funds will be administered and distributed by CAF,
the Charities Aid Foundation.

-------------------------------------------------------------------

ENERGY UPDATES

Deadline Extended for Higher Cool Roof Rebate Amount

In order to maximize opportunities to reduce electricity demand this year, the California Energy Commission (CEC) has extended the deadline for the higher Cool Roof rebate amount of 20? per square foot until October 31, 2001. After October 31st, rebates will be reduced to 15?/sf.

Over $21 million in financial incentives are being offered by the CEC for the installation of cool roofs on existing and new buildings. Eligible buildings include: local government, educational, commercial, and multi-family. New residential developments are also eligible; however, existing single-family homes are not.

By reflecting rather than absorbing solar energy, a cool roof reduces roof temperatures by 50 - 60 ?F compared to a traditional 'hot' roof. As a result, a cool roof lowers a building's cooling energy requirements (by over 20%), increases the life-span of the roof, and reduces peak electricity demand. In addition, since the installed price of cool roofing materials is typically the same as non-reflective materials, the rebate makes cool roofs less expensive than traditional roofs.

The CEC has partnered with the non-profit Local Government Commission (LGC) to administer the cool roof incentives statewide. To learn more about the program, visit the LGC's web site at: www.lgc.org/techserve/coolroofs/. Or call the Cool Roof Hotline at 1.888.891.COOL(2665).

Neutrogena Invests in Solar Energy

Several communities and businesses are taking action now to
reduce carbon emissions, despite the United States government's recent rejection of the Kyoto Protocol on
Climate Change.  Neutrogena, a division of Johnson & Johnson, and the Los Angeles Department of Water and Power (LADWP) announced the completion of a 200-kilowat, $1.4 million solar power system at the company's headquarters in Los Angeles.  Neutrogena said a new solar system covering 24,000 square feet of roof area will help reduce the company's energy consumption by about 20 percent monthly.  According to Angelina Galiteva, LADWP director of strategic planning, the Neutrogena system will eliminate more than 513,000 pounds of carbon dioxide annually.

-------------------------------------------------------------------

CHEMICAL AND NUCLEAR WEAPONS UPDATE

U.S. Seeks To Stiffen Treaty on Germ War - Pact's Enforcement Mechanism Faulted

President Bush continues to oppose a proposed enforcement mechanism for a treaty banning the development or stockpiling of biological weapons but is
pursuing an alternative with new urgency in the aftermath of the Sept. 11 attacks, administration officials said yesterday.

The administration began telling allies this spring that it would not support a proposal to prevent cheating on the 1972 Biological Weapons Convention,
which the United States ratified with 142 other nations. The administration said the verification proposal was fatally flawed, but said the United States
wanted to find other ways to strengthen the treaty and reduce the chance of germ warfare.

Administration officials said they plan to present their ideas at a biological weapons conference that begins Nov. 19 in Switzerland. Officials said the
administration plans to propose that nations pass stricter laws criminalizing the use and import or export of biological weapons, fund more research into
illnesses caused by biological weapons, and share information and expertise to minimize the effects if the weapons are used.

For complete story, go to http://www.washingtonpost.com/wp-dyn/articles/A5411-2001Oct16.html

-------------------------------------------------------------------

LOS ANGELES EVENTS WITH PRESIDENT GORBACHEV POSTPONED

Following President Gorbachev's decision to cancel his October trip to the U.S., Global Green USA has postponed the Sustainability Symposium and Green Cross Millennium Awards scheduled for October 13. Mikhail Gorbachev has committed to rescheduling his participation in both events so he can join with us in the celebration at a later time.  We
will provide you with a tentative rescheduled date within the next week.

In the meantime, our collective work must and will continue.  The efforts of
Global Green USA to eliminate weapons of mass destruction and reduce
environmental degradation -- a phenomenon that contributes to the root
causes of terrorism, hatred, and fundamentalism -- find new purpose and
meaning during this time.

For more information on the Sustainability Symposium and Millennium Awards, log on to http://www.globalgreen.org or e-mail Laura Grunberger at lgrunberger@globalgreen.org

-------------------------------------------------------------------

Now you can support GLOBAL GREEN USA with your online shopping!

Global Green USA has teamed up with GreenMarketplace.com to offer you
a smarter and greener shopping experience! GreenMarketplace.com makes it easy for you to find truly healthy, earth-friendly alternatives that make a difference.

In your average lifetime, you eat 30 tons of food and throw away 600 times your weight in garbage. The behavior of just one person has a big impact on our planet. By changing even one small area of your buying habits - body care, office cleaning supplies, children's clothing, food, etc. - to more responsible consumption, you can help to encourage producers in the direction of healthier, more sustainable, responsible behavior.

Start shopping! Up to 10% of everything you buy benefits Global Green USA!  http://www.greenmarketplace.com/greenmarket/index.html?siteid=glgr

-------------------------------------------------------------------

Want to Support Global Green USA? Make a secure online tax-deductible
contribution at:

http://www.globalgreen.org/get%20involved/index.html

-------------------------------------------------------------------

GLOBAL GREEN USA, The US Affiliate of Green Cross International

Global Green USA works in cooperation with business, government, individuals and non-governmental organizations to foster a global value shift toward a sustainable and secure
world.

Acting as a catalyst, facilitator, and mediator, Global Green USA encourages
collaborative approaches and crosscutting solutions to environmental
challenges.

Copyright (c) 2000, Global Green USA - the US Affiliate of Green Cross
International

See what's new on our web site: http://www.globalgreen.org/

-------------------------------------------------------------------

Global Green USA
227 Broadway, Suite 302
Santa Monica, CA 90401
Tel: 310-394-7700
Fax: 310-394-7750
http://www.globalgreen.org/

-----------------------------------------------------------
If you would like to change your preferences or unsubscribe at
any time, please go to the following URL:  http://www.globalgreen.org/news/pref.cfm?uid=679935885920014802998714440.


John,

Thanks for that...I shall recommend Totem to all US enquirers in the future.

There are lots of very exciting things in the pipeline... but I can't tell
you what they are just yet.

Best regards,

Patsy Youngstein
For Marc Newson Ltd

+44 0207 287 9388 T
+44 0207 287 9347 F

-----Original Message-----
From: John.Griffith@enron.com [mailto:John.Griffith@enron.com]
Sent: 05 March 2001 17:53
To: Patsy Youngstein
Subject: RE: Coast chair

Thank you very much for your email.  One thing I would like to let you guys
know.  I called the company in California (Leif Petersen).  They gave me
the company that carries Magis here in Houston.  The name of the company is
Cantoni.  They are not what I would call a good furniture design store.
They carry alot of very cheesy (sorry for lack of better words) Italian
furniture.  I called them to inquire about the Coast chair.  They said that
they carry Magis furniture and the time for ordering would be approximately
3 months.  No big deal, however, when I asked about price, they would not
answer that over the phone.  They wanted me to come into the store so that
they could consult me.  I don't think I need to be consulted on design.  I
know what I want and all I was using them for was to order.  They said it
was store policy not to quote prices over the phone because of competition.
Competition is what the whole world is all about.  I will not be buying
anything from them anytime soon.  I called Totemdesign and they are finding
all the information out for me.  Totem is so great.  They have helped me
with many things.  I just bought an Orgone chair that I expect to receive
in about a week.

Sorry for the rambling on, I guess what I was getting at is that if you
have any say so about who carries Marc's designs, I don't think that
Cantoni is worthy.  Just take that for what it is worth.

Thank you for your time and consideration and I look forward to talking to
you in the future.  Please keep me informed about anything exciting going
on with Marc's designs or any new products coming out.  I am very excited.

Sincerely,

John Griffith


George, it is probably worth  speaking to them about the US assets - probably
the smaller Virginia sites which are probably less core and may be great
brownfield sites. I'm not sure we would have an interest in UK coal fired
assets. I would speak to Sherriff on that one. However, I would caution that
real value is created through RAPID brownfield development leveraging on
Enron's development, electricity, coal and emissions talents.

For ComEd and Homer City, Mission has already paid up for these assets based
on gas being on the margin.  Now that was before a lot of the run up so it
may be worthwhile; however, I think it may be difficult to arb these guys.
As well, I think it may be difficult to get the asset out of them - I'm not
sure that they can turn their strategy or show a loss this quickly from a
Wall Street point of view.

We should probably take a shot at the smaller probably less core Virginia
assets. Are they in QF, if so there may be upside in the deal from Duran's
point of view..

Dave, given the rise in gas prices and gas being on the margin for a larger
part of the load curve, coal assets or coal QF's may be great assets for us
from a restructuring and power asset (expansion/brownfield) point of view.
Have we looked at this?  Are there many in the market?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/13/2000
08:17 PM ---------------------------

	From:  George McClellan                           07/12/2000 03:44 PM

To: David W Delainey/HOU/ECT@ECT
cc: Michael J Beyer/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT
Subject: Edison Mission Energy

Dave - as we know Mission is under pressure with regards to the poor
performance of their non-regulated generation assets in the US and UK.  It
appears their  UK coal fired assets (Fiddlers Ferry and Ferrybridge) are for
sale.  We should consider contacting them to determine their interest to
divest any part of their US generation asset portfolio as well.

EME owns the former Comed coal and gas fired assets in Chicago, and Homer
City in Pa.  In addition they have small coal fired generation assets in West
Virginia and Virginia.  It may be possible to pick up one or more coal fired
generation assets from Mission, and expand their existing capacity.

We are continuing to work on identifying brown field coal fired sites.  This
may be another approach to pursue as well.

Let me know if you think we need to work EME.  Thanks.


Lindy, your example is correct for settling operator imbalances.  If we have
a payable operator imbalance
and we settle volumetrically, then we get fuel and transport.  But, I thought
the "netting and trading" in Order 637
was on Shipper imbalances only.  I am not sure what we mean by "no additional
cost, etc" mentioned below.
I'll call you in the morning (Thursday) to discuss further,  since I am not
familiar with the PNM protest.  Thanks. Lynn

Lindy Donoho
12/06/2000 11:19 AM
To: Susan Scott/ET&S/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON, Maria Pavlou/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON, Lynn Blair/ET&S/Enron@ENRON

Subject: Re: TW

I think the example of when quantities may be subject to transportation and
fuel is when an Operator overpulls at a delivery point and then cashes out
the imbalance, TW could be out the transport and fuel.  For example,

  DP is SoCal/Needles: scheduled volume is 700,000/d
     actual volume delivered is 720,000/d
     imbalance is 20,000/d, SoCal owes TW
     TW collects transport & fuel on 700,000/d (bill on scheduled volume)
     SoCal cuts a check to TW for dollar value of 20,000/d
     TW doesn't collect transport & fuel on 20,000/d
  Payback in-kind doesn't have this problem:
     The 20,000/d transport gets scheduled at Needles, TW collects the
transport & fuel      (bill on scheduled volume), but we physically give
SoCal 20,000/d less on that day

Is this the correct example?  I'm copying Lynn Blair to verify.

Susan Scott
12/06/2000 09:20 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Maria Pavlou/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON

Subject: Re: TW

We did not answer protests to our Order 637 filing.

The gist of PNM's protest in RP00-626 is that we shouldn't be able to charge
a transport or fuel fee for our imbalance netting and trading service.  I
agree with PNM that our tariff language is vague in this regard.  What
exactly do we mean by "no additional cost...unless through the allocation
process, quantities may be subject to transportation and fuel"??   Can
someone help me with this?

Since we really did not want to make this compliance filing anyway, I would
say we probably wouldn't mind if FERC rejected our tariff sheet outright.
However, it's more likely that they will just instruct us to clarify our
language.  Or they could tell us to remove the "subject to transportation and
fuel" provision.  If we want to preserve our right to charge transport and
fuel, it might be worthwhile filing something in the way of an answer.
However, I am going to need some assistance in understanding what the
language means and why we think we can do it, so I can justify it to FERC.
Any comments you have in this regard would be appreicated.

	From:  Drew Fossum                           12/05/2000 05:18 PM

To: Maria Pavlou/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON

Subject: TW

Should we respond to PNM's protest of the dollar valuation of imbalances
prior to netting and trading?  Did we already respond to this issue when they
filed their protest of the 637 filing?  DF