======================================================
        VENTUREWIRE --- Wednesday, October 11, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o MFN Acquires SiteSmith in Stock Deal Worth $1.36 Billion
o CacheFlow Acquires Entera for $440 Million in Stock
o McKinsey & Co. Launches Clinic for e-Business Acceleration
o 3i Buys Bank Austria TFV and its Tech Fund for $65.3 Million
o BP Chemicals Exec. Named CEO of ChemConnect
o Online Payment Service X.com Searching for New CEO

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Also in This Issue:

     New Money:
o European DSL Provider NextGenTel Has $10 Million Round One
o $5 Million Round One for Logistics Software Developer Atrion
o Electronic Trader Javelin to Raise $11 Million First Round
o Engineering Consultant OneRelease Gets $3.8 Million Series A
o Euro Search Engine Tech Firm Raises $5.2 Million Round One
o Instant Message Tech Firm Raises $10.6 Million Initial Funds
o Peer-to-Peer Tech Firm Buzzpad Raises $2.3 Million Series A
o Security Services Firm Receives $6.5 Million First Round
o Software Developer Hilgraeve Has $2.5 Million Round One
o Capital Markets Closes Round With Additional $45 Million
o Health Tip Provider BodyMedia Closes First Round Funds
o IP Firm Zephyr Closes Round Two With $44 Million
o Kodak Invests in Photo Site Photo Alley's Second Round
o Indian Customer Relations Software Firm Raises $6 Million
o Microbrowser WatchMyPrice Gets $4.5 Million in Second Round
o Agriculture Commerce Site DirectAg Secures $19.5 Million
o Broadband Firm OnePath Networks Gets $40 Million Round Four
o German VC bmp Takes 27% Stake in Streaming Media Firm Artec
o Network Manager NetTasking Secures $12.5 Million Round Two
o Workplace Wireless Tech Firm Ameranth Raises Series B
o Mobile ASP Mobilize Raises $13.6 Million in Series C Funding
o Online Research Source Ebrary Raises Series C Funding
o Ampal- American Ups Stake in Semiconductor Firm Modem-Art
o Authentication Tech Firm Ethentica Gets $25 Million Series F
o Digital Color Component Maker ColorLink Gets $7.5 Million
o Event Planning Site Cvent Gets $12 Million in Bridge Round
o Linux Firm Northern Lights Gains Funding From Intel Capital
o Personal Imaging Firm Optimize Raises $14 Million
o Speech Tech Firm Mindmaker Raises $17 Million in Fifth Round
o Intel Invests in MTU Broadband Firm Accordion Networks
o Dialtone Internet Secures $2 Million From CrossBow Ventures

     New Products:
o Former iCom CEO Launches High-Tech Incubator iLink
o Women's Business Services Firm MizBiz.com Launches
o Music Sites Network Musicfans.com Announces Launch
o B2B Online Exchange System BidOnAssets, Now Barlex
o Web Film Showcase Reelshort.com Changes Name to Hypnotic

     M&A:
o Online Real Estate Firm Homebytes.com Buys Owners.com
o PatentCafe.com Acquires Patent Legal Services Matchmaker
o Sports Registry Firm Active.com Merges with Sierra Digital
o Vsource to Buy Net Exchange Firm OTT for $7 Million in Stock
o Black Box Acquires Tech Service Firm Clear Communications
o Portal Firm OpenAvenue Acquires Service Provider Miradi
o High School Site HighWired Acquires Alumni Site Gradfinder
o euro909.com Buys Majority of Danish Net TV Firm ScoopStation
o Management Service Firm AppGenesys Acquires Mentora

     New Directors:
o CarrierPoint Names Harbinger Founder to Board of Directors
o Yankee Group President/COO Joins GetConnected.com's Board
o Former Bay Networks, Nortel Exec Joins MDiversity Board

     New People:
o Interactive Streaming Firm WorldStream Names CEO
o Customer Tracking Tech Firm Saffron Names New CEO/President
o Ex-Wolfgang Puck CEO Named CEO of Security Firm Netlock
o Velos Names Former eHealth Consultant as CEO and President

     VC Personnel:
o Crosspoint Venture Partners Names Communications Partner
o Primedia Appoints New Vice Chairman of Primedia Ventures
o SBI Communications Names Valencia CEO as President and CEO

     VW Corrections:
o Parkstone Medical Information Systems
o First Genetic Trust
o BillNet.com

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======= Top Stories =======

o MFN Acquires SiteSmith in Stock Deal Worth $1.36 Billion

NEW YORK -- Publicly traded optical network services
provider Metromedia Fiber Network (MFN) said it
agreed to acquire SiteSmith, which provides Internet
infrastructure management services, in a stock transaction
valued at approximately $1.36 billion. MFN has retained
all of SiteSmith's employees and will run SiteSmith
as a wholly-owned subsidiary. SiteSmith, which had
filed for an IPO in August, is backed by Bedrock
Capital, Comdisco Ventures, ComVentures, Dell Ventures,
and Weiss Peck & Greer Venture Partners.
http://www.mmfn.com/
http://www.sitesmith.com/
_____________________________________________

o CacheFlow Acquires Entera for $440 Million in Stock

SUNNYVALE, Calif. -- CacheFlow, a publicly traded
company which provides technology to accelerate
and manage the flow of online information, said
it acquired Entera, a provider of Internet content
delivery technologies, in a stock transaction valued
at $440 million. CacheFlow said the acquisition
will enable it to provide a variety of streaming
media services, including Microsoft Windows Media,
Real, Apple QuickTime, Cisco IP TV, MP3, Flash,
and MPEG. Entera is funded by ComVentures, Crescendo
Ventures, and Spectrum Equity Investors.
http://www.cacheflow.com/
http://www.entera.com/
_____________________________________________

o McKinsey & Co. Launches Clinic for e-Business Acceleration

ATLANTA -- Consulting firm McKinsey & Co. said it
launched the Accelerator Business Building Clinic
(ABBC), an accelerator for Internet companies. The
accelerator will serve startups for three weeks
and focus on Internet-focused companies that have
received seed funding but not a first institutional
round. McKinsey normally requires a company to have
raised a first institutional round of funding to
work with the firm. ABBC will provide services in
exchange for both cash and equity. The company opened
its first ABBC in Atlanta and expects to have more
clinic centers in Atlanta by the end of the year.
The clinics will focus on Internet companies in
the Southeastern United States.
http://www.atmckinsey.com/
_____________________________________________

o 3i Buys Bank Austria TFV and its Tech Fund for $65.3 Million

LONDON -- 3i, an international venture capital firm,
continued its European expansion with the acquisition
of Bank Austria TFV High Tech-Unternehmens Betwiligung,
including its Bank Austria High Tech Fund, for EUR
75.2 million ($65.3 million). The firm is located
in Vienna and specializes in investing in early
stage information technology businesses. The fund
has equity holdings in 13 software, information
technology, and healthcare businesses in Austria
and Germany and will be renamed 3i Austria. The
current managing director, Reinhard Jonke, has been
hired by 3i to continue managing the fund for three
years. 3i now has a presence in nine countries.
http://www.3i.com/
_____________________________________________

o BP Chemicals Exec. Named CEO of ChemConnect

SAN FRANCISCO -- ChemConnect, an Internet exchange
for chemicals, plastics, and industrial gases, said
John Robinson was named chief executive officer.
Mr. Robinson was formerly group vice president of
BP Chemicals. John Beasley, former CEO and co-founder,
will continue with the company as chairman. ChemConnect
is funded by SAP Ventures, Morgan Stanley, Vulcan
Ventures, and a number of chemical companies. ChemConnect
filed for an IPO in April but withdrew its filing
later in the summer.
http://www.chemconnect.com/
_____________________________________________

o Online Payment Service X.com Searching for New CEO

PALO ALTO, Calif. -- X.com, an online payment service,
said its founder and acting CEO Elon Musk intends
to leave the company and that it is looking for
a new CEO. Mr. Musk resumed the chief executive
officer's position in May after his replacement,
Bill Harris, resigned after six months on the job.
X.com chairman Peter Thiel will help manage the
company's operations during its search for a new
CEO. X.com, which merged with online payment services
firm PayPal.com earlier this year, is backed by
Credit Agricole, Deutsche Bank, Digital Century
Capital, Goldman Sachs, Hikar Tsushin, idealab!
Capital Partners, J.P. Morgan, Madison Dearborn
Partners, Qualcomm, Sequoia Capital, and TAMC.
http://www.x.com/

======= New Money =======

o European DSL Provider NextGenTel Has $10 Million Round One

LONDON -- NextGenTel, a European provider of DSL
services, said it raised $10 million in its first
round of funding led by Geocapital Partners and
Venture Partners. Additional investors in the round
include Atlantis Vest, Vesta Forsikring, Vesta Liv,
and Skandia Fondsforvaltning. The company said it
will use the funding to continue expanding its network
and operations and staffing. Nic Humphries, a partner
with Geocapital Partners, will take a seat on the
NextGenTel board of directors as a result of the
investment.
http://www.nextgentel.com/
_____________________________________________

o $5 Million Round One for Logistics Software Developer Atrion

RESTON, Va. -- Atrion International, a developer
of Web-based software for automating environmental
health and safety information management, said it
has received $5 million in first round funding from
Knorr Capital Partner and Sofinov. The company said
it will use the funding for product development
and marketing.
http://www.myatrion.com/
_____________________________________________

o Electronic Trader Javelin to Raise $11 Million First Round

NEW YORK -- Javelin Technologies, an electronic
trading technology firm, said it raised $11 million
in its first round of funding led by Opticality
Ventures I. Advent Software, Robertson Stephens,
Tradescape.Com Holdings, Thomson Financial, Collaborative
Capital, Nextera Investments, Schoffstall Ventures,
BHH Technology Ventures, Investec Ernst and individual
investor Jack White, founder of Jack White Discount
Brokerage, also participated in the funding. Javelin
said it will use the funds for expansion.
http://www.javtech.com/
_____________________________________________

o Engineering Consultant OneRelease Gets $3.8 Million Series A

PLEASANTON, Calif. -- OneRelease Venture Engineering,
which provides time-to-market consulting services
for Internet and technology startups, said it secured
$3.8 million in Series A funding from Sigma Partners,
Venture Builders, and TechPartners. OneRelease,
which provides engineering services to develop first
releases of software applications, is compensated
by its clients with a combination of fees and equity.

http://www.onerelease.com/
_____________________________________________

o Euro Search Engine Tech Firm Raises $5.2 Million Round One

BRUSSELS -- Language & Computing, a developer of
intelligent search engine technologies, said it
raised EUR 6 million ($5.2 million) in its first
round of funding. Investors in the round include
GIMV and Belgacom Multimedia Ventures. The company
said it will use the funding to increase its development
and sales staffs.
http://www.landc.be/
_____________________________________________

o Instant Message Tech Firm Raises $10.6 Million Initial Funds

NEW YORK -- ActiveBuddy, a communications technology
company that develops programming for the instant
messaging platform, said it has raised $10.6 million
from its two rounds of financing. The company secured
$4.25 million in its seed round in April, led by
Wit SoundView Ventures' Dawntreader Fund. In its
second round, the company raised $2 million from
Wit SoundView Ventures and Reuters, which agreed
to a strategic content distribution relationship.
The company will use the funds for development.
http://www.activebuddy.com/
_____________________________________________

o Peer-to-Peer Tech Firm Buzzpad Raises $2.3 Million Series A

WALTHAM, Mass. -- Buzzpad, a developer of peer-to-peer
technology including file sharing, distributed processing
and instant collaboration, said it secured $2.3
million in Series A funding. 100x, an Internet accelerator,
led the round. Other investors included eSamsung
USA, First Light Capital and Zoe Capital. Buzzpad
will use the funding to further product development.
Ken Lang, president and CEO of 100x, Andrew Bernstein,
chief strategy officer and managing director of
100x, and Kesig Lee, president of eSamsung USA and
Samsung of America, have joined Buzzpad's board
of directors, bringing the total to five.
http://www.buzzpad.com/
_____________________________________________

o Security Services Firm Receives $6.5 Million First Round

KITCHENER, Ontario -- Intellitactics, a security
services provider, said it received $6.5 million
in its first round of financing. RBC Dominion Securities
initiated and supported the financing venture. JMI
Equity Fund and Cabletron Systems led the round.
Intellitactics focuses on integrating diverse applications
and interpreting data using artificial intelligence.
The company says it will use the funding to further
develop its products and services and to acquire
businesses, products and technologies. Two members
of JMI will take seats on Intellitactics' board
of directors.
http://www.intellitactics.com/
_____________________________________________

o Software Developer Hilgraeve Has $2.5 Million Round One

MONROE, Mich. -- Hilgraeve, a provider of communications
software, said it closed a $2.5 million first round
of funding. The round was financed by individual
investors, including Paul Tobias, CEO of Mackinac
Partners; Jack Reinelt, former division president
of Apnet; Jim White, counsel to law firm Shumaker,
Loop & Kendrick; and Doug Hawes, counsel to law
firm LeBoeuf, Lamb, Greene & MacRae. The money will
be used for product development and marketing.
http://www.hilgraeve.com/
_____________________________________________

o Capital Markets Closes Round With Additional $45 Million

LONDON -- The Capital Markets Company, which aims
to increase efficiency in the financial services
industry using Internet technology, said it closed
its strategic financing round with $125 million.
In May, Thomas Weisel Capital Partners invested
$80 million. The additional capital came from LJH/Private
Capital, LJH Capco Partners, Tarrant, Pamica, Edgewater
Funds, Mercator & Noordstar, Thaler Bank, Capco
Foundation, and Capco's employees. The Capital Markets
Company will use the funds to further expand its
global presence and for product development.
http://www.capco.com/
_____________________________________________

o Health Tip Provider BodyMedia Closes First Round Funds

PITTSBURGH -- BodyMedia, a health lifestyle company,
said it closed its first round of venture funding
from DQE Enterprises, a subsidiary of DQE, and Draper
Triangle Ventures. The amount of the funding was
undisclosed. The company said the funds will be
used for marketing its site. BodyMedia integrates
an online service and wearable health monitors to
assist individuals in making lifestyle changes.
http://www.bodymedia.com/
_____________________________________________

o IP Firm Zephyr Closes Round Two With $44 Million

FLORHAM PARK, N.J. -- Zephyr Telecommunications,
an international IP communications company, said
it completed its second round of financing with
$44 million. Investors were Baring Communications,
Citicorp International Finance, Capital Communications,
Commercial Capital, Global Capital Investors, Bowman
Capital Management, and JMD Venture Partners. The
company will use the funds to expand its infrastructure
and to finance acquisitions with the aim of completing
its network.
http://www.zephyrtele.com/
_____________________________________________

o Kodak Invests in Photo Site Photo Alley's Second Round

ROCHESTER, N.Y. -- PhotoAlley.com, a photography
products and services Web site, said it received
an undisclosed amount of funding from Eastman Kodak
in its second round of financing. Kodak has agreed
to exclusively provide the company with digital
print fulfillment through Print@Kodak, Kodak's new
Internet photofinishing service. Kodak will also
provide photoprocessing, scanning, and uploading
services through Qualex, Kodak's photofinishing
subsidiary. Kodak will receive a board seat as a
result of the investment. PhotoAlley is backed by
IDG Ventures and New Millenium Partners.
http://www.photoalley.com/
_____________________________________________

o Indian Customer Relations Software Firm Raises $6 Million

MUMBAI, India -- Suntec Business Solutions, which
provides customer relationship management software
and services, raised $6 million from Schroder Capital
Partners, according to the investor. A representative
from Schroders said the round will be used to fund
development of sales and support services in Europe
as the company begins its international expansion.
Suntec Business Solutions will rely on its established
sales channels with European clients to create bureaus
in the U.K. and on continental Europe. The company
also intends to expand its operations into the Asian-Pacifc
market. As a result of the investment Schroder Capital
Partners will take two seats on the company's board
of directors.
http://www.schroders.com/
_____________________________________________

o Microbrowser WatchMyPrice Gets $4.5 Million in Second Round

LONDON -- WatchMyPrice, a developer of microbrowser
technologies enabling real time tracking and transactional
services across Web sites, said it raised $4.5 million
in its second round, with previous investor NewMedia
Spark contributing $660,000. The company did not
disclose other investors, but said it will use the
funding for the continued technology and infrastructure
development. NewMedia Spark previously invested
$800,000 as the sole investor in the company's initial
round of financing.
http://www.watchmyprice.com/
_____________________________________________

o Agriculture Commerce Site DirectAg Secures $19.5 Million

ST. PAUL, Minn. -- DirectAg.com, an electronic commerce
site for the agricultural industry, said it has
raised $19.5 million in its third funding round
led by Rural Press, an agricultural publishing company.
Joining Rural Press in the round are prior investors
St. Paul Venture Capital, Sutter Hill Ventures,
Advanced Technology Ventures, Upper Lake Growth
Capital, and undisclosed strategic investors. The
company said it will use the funding to pursue additional
strategic alliances and expand working relationships
with local retailers. DirectAg.com has now raised
a total of $34.6 million.
http://www.directag.com/
_____________________________________________

o Broadband Firm OnePath Networks Gets $40 Million Round Four

PRINCETON, N.J. -- OnePath Networks, a provider
of broadband optical access systems for the residential
market, said it secured $40 million in its fourth
round of financing. Aurum-SBC Investments led the
round and was joined by Patricof & Co. Ventures,
Geneva Merchant Banking Partners, CIBC World Markets,
Israel Seed, and Apax Partners. The funds will go
towards speeding up the development and rollout
of its optical access products and systems.
http://www.onepathnet.com/
_____________________________________________

o German VC bmp Takes 27% Stake in Streaming Media Firm Artec

BERLIN -- Venture capital firm bmp said it acquired
a 27% equity stake in artec technologies, which
develops streaming media and digital video management
software. Further financial details were undisclosed.
The company said it will use the funding to expand
its operations throughout Europe and Asia. Founded
in 1996, artec also develops security and production
monitoring technology.
http://www.artec.de/
_____________________________________________

o Network Manager NetTasking Secures $12.5 Million Round Two

SINGAPORE -- NetTasking, a network management service
provider, said it has secured $12.5 million in its
second round of funding led by NetworkAsia. The
round also included iRealty Group, Hamon Investment
Group, and the ASC Group, a previous investor in
the company. The company said the funding will be
used for domestic and international expansion of
its services.
http://www.nettasking.com/
_____________________________________________

o Workplace Wireless Tech Firm Ameranth Raises Series B

SAN DIEGO -- Ameranth Technology Systems, which
provides wireless technology to workplaces, said
it raised an undisclosed amount of funding from
Springboard Capital in its Series B round of financing.
The company plans to use the funds to hire staff
and finalize and release its product 21st Century
Restaurant, which will allow food servers to access
the restaurant's point-of-sale system from a wireless
computer.
http://www.ameranth.com/
_____________________________________________

o Mobile ASP Mobilize Raises $13.6 Million in Series C Funding

COLORADO SPRINGS, Colo. -- Mobilize, a provider
of pre-packaged mobile application services, said
it has raised $13.6 million in its Series C funding
round from Draper Fisher Jurvetson affiliate Access
Venture Partners, SI Ventures, and New Era of Networks.
The company said it is beginning a pre-IPO mezzanine
financing through UBS Warburg. Mobilize said it
will use the funding to continue its expansion and
development of its services.
http://www.mobilize.com/
_____________________________________________

o Online Research Source Ebrary Raises Series C Funding

SUNNYVALE, Calif. -- Ebrary, an online research
source, said it has secured an undisclosed amount
of funding in its Series C round from Random House
Ventures, an investment subsidiary of Random House,
Pearson, and McGraw-Hill Ventures.  The company
said it will use the funds for general operations
including supporting its site, which is set to launch
this fall. Ebrary previously received funding from
Zain Technology Ventures and undisclosed investors.
http://www.ebrary.com/
_____________________________________________

o Ampal- American Ups Stake in Semiconductor Firm Modem-Art

NEW YORK -- Ampal-American Israel said it has made
an additional investment of $1.45 million in Modem-Art,
an Israeli- semi-conductor company, and now holds
a 6.4% equity interest in the company. Ampal joined
Bank of Boston, Genesis Partners, and Tamir Fishman
in Modem-Art's $10.6 million round of funding.
Modem-Art specializes in the development of system-on-a-chip
technology for wideband and broadband communication
systems. Telephone 212-782-2100.
_____________________________________________

o Authentication Tech Firm Ethentica Gets $25 Million Series F

LAKE FOREST, Calif. -- Ethentica, which provides
authentication infrastructure technology for businesses,
said it has secured $25 million in its Series F
round of funding from previous investor and partner
companies Safeguard Scientifics, as well as XL Vision,
Hewlett-Packard, Amdahl, and Greenhill Partners.
Additionally, HP will provide Ethentica with up
to $15 million under a convertible debt arrangement.
http://www.ethentica.com/
_____________________________________________

o Digital Color Component Maker ColorLink Gets $7.5 Million

BOULDER, Colo. -- ColorLink, which develops and
markets color management components for computer
monitors, digital televisions, and data projectors,
said it has secured an investment of $7.5 million
from Arisawa Manufacturing Co., Intel Capital and
ViewSonic. The company said the funding will go
to help expand product offerings and manufacturing.
Earlier this year, ColorLink and Arisawa announced
the creation of a new joint venture company, ColorLink
Japan, which will manufacturer products based on
proprietary technology developed by ColorLink.
http://www.colorlink.com/
_____________________________________________

o Event Planning Site Cvent Gets $12 Million in Bridge Round

WASHINGTON -- Cvent.com, an event planning and marketing
tools Web site for professional organizations, said
it closed a $12 million bridge round in the form
of convertible debt, which will be converted into
equity in the company's future series A funding.
Twenty individuals contributed to this round, including
Mike Daniels, chairman of Network Solutions, Bill
Melton, founder and CEO of CyberCash, and Ed Mathias,
managing partner at Carlyle Group. Birchmere Ventures,
Capital Investors, Global Internet Ventures, Potomac
Ventures, and Hidden Star Ventures also participated.
Cvent.com has also received equity investments from
MicroStrategy and Sanju Bansal, co-founder and COO
of MicroStrategy. The company will use the funds
to develop its services and expand nationwide.
http://www.cvent.com/
_____________________________________________

o Linux Firm Northern Lights Gains Funding From Intel Capital

TOKYO -- Northern Lights, which develops Linux-based
hardware and software, said it received an undisclosed
amount of funding from Intel Capital. Financial
details were not disclosed. The company will use
the funds for developing high-availability and clustering
software.
http://www.nlcomputer.com/
_____________________________________________

o Personal Imaging Firm Optimize Raises $14 Million

LOS GATOS, Calif. -- Optimize, a developer, manufacturer
and marketer of personal imaging and communication
systems for minimally invasive surgery, said it
has completed a $14 million round of financing led
by Invesco Global Health Sciences Fund. The round
included previous investors St. Paul Venture Capital,
Patricof, and Crescendo Ventures. The company said
it will use the funding to drive sales and marketing
of the company's new systems.
http://www.optivu.com/
_____________________________________________

o Speech Tech Firm Mindmaker Raises $17 Million in Fifth Round

SAN JOSE, Calif. -- Mindmaker, a developer of personal
assistant and speech recognition technologies, said
it raised $17 million in its fifth round, led by
new investor Government Investment Corporation of
Singapore. Other new investors in the round include
Mid City Investments Holding and Kent Ridge Digital
Labs. Previous investors CTI Limited and Flanders
Language Valley Fund CVA , a Begium-based language
and speech technology development investor, also
participated. Individual investor Ng Kai contributed
funding as well. Mindmaker plans to use the funds
to further develop technology in Silicon Valley,
Hungary, Singapore, and the UK, and to expand its
international sales and marketing. Mindmaker technologies
include machine learning, natural language processing,
large-scale speech recognition, speech synthesis,
data mining, and decision support. Mindmaker said
it has raised $30 million to date. The company is
also backed by Lernout and Hauspie Speech Products,
Creative Technology, and Innomedia.
http://www.mindmaker.com/
_____________________________________________

o Intel Invests in MTU Broadband Firm Accordion Networks

NEWARK, Calif. -- Accordion Networks, which develops
a delivery platform for multi-tenant units, said
it raised an undisclosed amount of funding from
Intel Communications Fund as part of its Series
B round. The company will use the funds to develop
its broadband platform. Previous investors in Accordion
are Tarrant Venture Partners, Accel Partners, and
Crescendo Ventures.
http://www.accordionnet.com/
_____________________________________________

o Dialtone Internet Secures $2 Million From CrossBow Ventures

FT. LAUDERDALE, Fla. -- Dialtone Internet, a provider
of Linux dedicated hosting and colocation technology,
said it has secured $2 million from CrossBow Ventures.
The funding is earmarked for international expansion
in Latin America, Europe and Asia. The company said
additional funds will be allocated to marketing
and customer support.
http://www.dialtoneinternet.com/

======= New Products =======

o Former iCom CEO Launches High-Tech Incubator iLink

INCLINE VILLAGE, Nev. -- Eric T. Wagner, former
chief executive officer of iCom Network, announced
the formation of a new Internet business incubator,
iLink International. Mr. Wagner will serve as iLink's
chief executive officer. The company will provide
business development consultation related to Internet
communication technologies such as wireless, streaming
media, and broadband content, as well as personal
Internet appliances and devices that receive this
content. Mr. Wagner was founder and chairman of
iCom Networks, a developer of public Internet kiosks
and software that was acquired by Darwin Networks,
a provider of high-speed Internet access and data
communications networks to commercial, residential,
and hotel buildings. iLink is currently in funding
negotioation with individual investors.
http://www.ilinkintl.com/
_____________________________________________

o Women's Business Services Firm MizBiz.com Launches

SAN FRANCISCO -- MizBiz.com, a business service
provider for the women's small office and home office
business market, announced its launch. The company,
which was founded by Natalie L. Wood, offers discounted
business products and services, an advisor network,
a customized database of business records, and back
office technology to help women run their businesses.
MizBiz is has raised over $ 3.3 million for its
Series A round from individual investors and an
undisclosed venture capital firm.
http://www.mizbiz.com/
_____________________________________________

o Music Sites Network Musicfans.com Announces Launch

SAN FRANCISCO -- Musicfans.com, an online network
of music fan sites, said it has launched. The company
owns and operates a network of 140 grassroots-built
music fan sites which provide fans with information
on their favorite musicians. The company has secured
its Series A financing through Angel Investors and
Aesop Capital Partners.
http://www.musicfans.com/
_____________________________________________

o B2B Online Exchange System BidOnAssets, Now Barlex

GLENDALE, Calif. -- BidOnAssets, which provides
deployable business-to-business electronic procurement
and online exchange systems based on an open architecture,
Unix-based platform, and Java, said it has changed
its name to Barlex. The company has raised about
$2 million from individual investors and is currently
exploring next-round funding options. Barlex said
it intends to raise $30 million.
http://www.barlex.com/
_____________________________________________

o Web Film Showcase Reelshort.com Changes Name to Hypnotic

NEW YORK -- Reelshort.com, a showcase for short
films on the Web, said it has changed its name to
Hypnotic. Hypnotic recently received an undisclosed
Series B funding round from Universal Studios.
http://www.hypnotic.com/

======= M&A =======

o Online Real Estate Firm Homebytes.com Buys Owners.com

RICHMOND, Va. -- Homebytes.com, a licensed residential
real estate firm, announced it acquired Owners.com,
a real estate service, for an undisclosed amount.
The merged company, which will continue its Web
sites under the existing brands and maintain offices
in Richmond, Dallas, and San Francisco, will be
managed from homebytes' Richmond headuarters. Hans
Koch, CEO of Owners.com, will be the merged company's
senior vice president. Homebytes is funded by FBR
Technology Venture Partners, Grotech Capital Group,
and Monument Capital Partners. Owners.com is backed
by Oak Hill Venture Partners.
http://www.owners.com/
http://www.homebytes.com/
_____________________________________________

o PatentCafe.com Acquires Patent Legal Services Matchmaker

SACRAMENTO, Calif. -- PatentCafe.com, a business-to-business
Internet commerce firm serving the intellectual
property marketplace, said it has acquired FeeBid.com,
which provides a request-for-quote exchange for
Internet intellectual property legal services. In
addition to FeeBid.com, PatentCafe intends to acquire
patent-pending technology for other intellectual
property management tools in the coming months.
PatentCafe.com is funded by the Internet.com Fund
II, and the Gray Cary Fund, the investment arm of
Gray Cary Ware & Friedenrich.
http://www.feebid.com
http://www.patentcafe.com/
_____________________________________________

o Sports Registry Firm Active.com Merges with Sierra Digital

LA JOLLA, Calif. -- Active.com, which provides online
recreation sports registry services, said it merged
with recreational management software developer
Sierra Digital. The companies did not disclose financial
terms of the deal, but said Sierra Digital will
become a division of Active.com.  Both companies
have retained all of their employees. Active.com,
formally ActiveUSA.com, merged with RaceGate.com
in November of last year. Active.com is backed by
Austin Ventures, Enterprise Partners, KB Partners,
Kettle Partners, New World Ventures, Ticketmaster
Online-CitySearch, and individual investors, including
Tour de France cycling champion Lance Armstrong.
 http://www.active.com/
_____________________________________________

o Vsource to Buy Net Exchange Firm OTT for $7 Million in Stock

LOS ANGELES -- Online Transaction Technologies (OTT),
an application service provider and an online marketplace
enabler, said it has signed a preliminary agreement
to be acquired by Vsource, a provider of end-to-end
Internet procurement services for $7 million stock.
OTT's largest shareholder, Cumetrix Data Systems,
said that its board of directors has voted in favor
of the transaction. Cumetrix particpated in a second
round of financing for OTT in March. Other OTT backers
include individual investors and an undisclosed
venture capital group.
http://www.vsource.net/
_____________________________________________

o Black Box Acquires Tech Service Firm Clear Communications

PITTSBURGH -- Publicly-traded Black Box, a technical
service provider of network services and related
products, said it acquired Clear Communications
for an undisclosed amount. Clear Communications
provides technical design, installation, and maintenance
services for telecommunication, premise cabling,
and related products to Seattle customers. Founders
Brian P. Jackson and Rick B. Walston will each serve
as vice president of Black Box's Seattle offices.
Clear Communications is backed by Accel Partners,
Jafco America Ventures, and St. Paul Venture Capital.
http://www.blackbox.com/
http://www.clear.com/
_____________________________________________

o Portal Firm OpenAvenue Acquires Service Provider Miradi

ATLANTA -- OpenAvenue, which provides collaborative
development portals, said it agreed to acquire Miradi,
a provider of Web-based project management services,
for an undisclosed amount of stock. Miradi will
be absorbed into OpenAvenue, which has retained
all of Miradi's employees. OpenAvenue acquired CodeCatalog,
an online open-source code search engine, and Cyclic.com,
a Web site for open-sourced developers, earlier
this year. OpenAvenue is backed by CounterPoint
Capital Management.
http://www.openavenue.com/
http://www.miradi.com/
_____________________________________________

o High School Site HighWired Acquires Alumni Site Gradfinder

WATERTOWN, Mass. -- HighWired.com, an online network
of high schools, said it acquired high school alumni
Web site Gradfinder.com for an undisclosed amount.
Gradfinder president Jason Classon will serve as
a management consultant. Gradfinder will relocate
its headquarters from Vancouver to HighWired's location
in Watertown, Mass. HighWired is funded by Charles
River Ventures, North Bridge Venture Partners, Arcadia
Partners, Broadband Ventures Group, Comdisco Ventures,
Haebler Ventures, and Longworth Venture Partners.
http://www.gradfinder.com/
http://www.highwired.com/
_____________________________________________

o euro909.com Buys Majority of Danish Net TV Firm ScoopStation

COPENHAGEN -- euro909.com, a publicly-traded accelerator
of online businesses throughout Europe, said it
acquired 52% of Danish online television firm, ScoopStation.
Further financial details of the acquisition were
undisclosed. The deal also leaves euro909.com with
the option to acquire the remaining 48% stake in
the company after three years. ScoopsSation, which
launched its Internet television programming August
1, is backed by Danish institutional investors.
http://www.euro909.com/
http://www.scoopstation.dk/
_____________________________________________

o Management Service Firm AppGenesys Acquires Mentora

SAN JOSE, Calif. -- AppGenesys, which offers a suite
of hardware, software, and application management
services, said it acquired Mentora, a provider of
stress testing and Internet business services. Mentora
chief executive officer Jim Eberle will serve as
chief operations officer with AppGenesys. AppGenesys,
a spin-off of iXL Ventures, raised a $50 million
first round in May and is also backed by Chase Capital
Parnters, DynaFund Ventures, Flatiron Partners,
Inktomi, Intel Capital, Kelso & Co., NeoCarta Ventures,
and Softbank Venture Capital.
http://www.appgenesys.com/

======= New Directors =======

o CarrierPoint Names Harbinger Founder to Board of Directors

ATLANTA -- CarrierPoint, an Internet-based company
that provides collaborative transportation marketplaces
to the domestic trucking industry, said it appointed
C. Tycho Howle, the founder of Harbinger Corp.,
to its board of directors. CarrierPoint's backers
include Sprout Group, UPS Strategic Enterprise Fund,
CyberLab Ventures, William E. Simon and Sons, and
individual investors.
http://www.carrierpoint.com/
_____________________________________________

o Yankee Group President/COO Joins GetConnected.com's Board

BOSTON -- GetConnected.com, which developed a channel
that connects providers of connectivity services
with online consumers, said it appointed Brian Adamik
to the company's board of directors. Mr. Adamik,
president and COO of the Yankee Group, will be taking
the sixth seat on the board. Backers for GetConnected.com
include Atlas Venture and individual investors Tom
Eisenmann, a professor of entrepreneurial management
at Harvard Business School; David Wamsley, founder
and vice chairman of AdAuction.com; and the founders
of PlanetAll.
http://www.getconnected.com/
_____________________________________________

o Former Bay Networks, Nortel Exec Joins MDiversity Board

SAN JOSE, Calif. -- mDiversity, a company developing
software designed to increase the spectrum efficiency
of wireless networks, said that Dave House has joined
its board of directors. Mr. House was chairman,
CEO, and president of Bay Networks and became president
of Nortel Networks after its merger with Bay. mDiversity
is backed by individual investors.
http://www.mdiversity.com/

======= New People =======

o Interactive Streaming Firm WorldStream Names CEO

SEATTLE -- WorldStream Communications, an interactive
streaming company, said it has named Bill Malloy
as its chief executive officer and as a member of
the board of directors. Mr. Malloy joins WorldStream
after leaving Peapod, a Chicago-based Internet grocer,
where he was president and CEO earlier this year.
WorldStream is backed by Crosspoint Venture Partners
and Polaris Venture Partners.
http://www.worldstream.com/
_____________________________________________

o Customer Tracking Tech Firm Saffron Names New CEO/President

RESEARCH TRIANGLE, N.C. -- Saffron Technology, a
provider of software that keeps track of customer
preferences to allow vendors to tailor their products
and offerings, said it named James F. Kessler III
as CEO and president. Mr. Kessler formerly served
as the e-business practice executive for IBM Global
Services. Investors for Saffron Technology include
Aurora Funds and individual investors.
http://www.saffrontech.com/
_____________________________________________

o Ex-Wolfgang Puck CEO Named CEO of Security Firm Netlock

BREA, Calif. -- Netlock Technologies, a provider
of information security services, announced that
Selwyn H. Joffe was appointed president and CEO
replacing Netlock's former president, Paul Naruse,
who has been named chairman. Mr. Joffe was president
and CEO of the Wolfgang Puck Food Company, a food
service company, and is currently chairman of the
board for Motorcar Parts & Accessories, a re-manufacturer
of alternators and starters. Netlock is funded by
SPJ Ventures.
http://www.netlock.com/
_____________________________________________

o Velos Names Former eHealth Consultant as CEO and President

FREMONT, Calif. -- Velos, a provider of engines
and services for the Web delivery of business infrastructure,
said it appointed James Rossiter to president and
CEO replacing John McIlwain, who was named chairman
of the board. Mr. Rossiter was an eHealth consultant
for IT vendors in business development and venture
capital firms. Velos is backed by individual investors.
http://www.velos.com/

======= VC Personnel =======

o Crosspoint Venture Partners Names Communications Partner

WOODSIDE, Calif. -- Crosspoint Venture Partners
said it appointed Kelli Tejada to the newly created
position of communications partner. Ms. Tejada was
most recently vice president of marketing and communications
at Intend Change. Ms. Tejada will assist Crosspoint
portfolio companies with corporate communications,
public relations, and marketing.
http://www.cpvp.com/
_____________________________________________

o Primedia Appoints New Vice Chairman of Primedia Ventures

NEW YORK -- Publicly traded media company Primedia
said it appointed Paul Kagan as vice chairman of
its venture capital unit, Primedia Ventures. The
announcement was made along with the company's stock
acquisition of Mr. Kagan's Kagan World Media, which
provides Media research and data. Primedia Ventures
invests in early-stage Internet-related technology
companies. The firm's portfolio companies include
CarsDirect.com, Military.com, Sticky Networks, and
Utility.com.
http://www.primediaventures.com/
_____________________________________________

o SBI Communications Names Valencia CEO as President and CEO

LOS ANGELES -- Marketing, Internet media, and equity
investment company, SBI Communications said it has
named Valencia Studios CEO Vince Vellardita as president
and CEO and to its board of directors. SBI is in
the process of acquiring Valencia Studios, a studio
facility that produces television shows, Internet
media, and motion pictures. SBI Communications provides
equity investments and builds, operates, and manages
business-to-business companies. Mr. Vellardita started
his career as a music producer and promoter and
is credited with bringing Duran Duran and U2 to
North America for their first tours.
http://www.valenciaentertainment.com/

======= VW Corrections =======

o Parkstone Medical Information Systems

NEW YORK -- Last Friday's VentureWire incorrectly
reported that Parkstone has closed its Series C
financing at $31 million. The round is still open,
and the company expects to close it at up to $50
million.
_____________________________________________

o First Genetic Trust

NEW YORK -- An article in yesterday's VentureWire
about First Genetic Trust's launch confused the
affiliation of two of its board members. Scott Minick
is with ARCH Venture Partners and Bryan E. Roberts
represents Venrock Associates.
_____________________________________________

o BillNet.com

NEW YORK -- An article in Monday's VentureWire regarding
the equity stake bmp acquired in BillNet.com incorrectly
reported the BillNet.com URL. The company's URL
is http://www.billnet.pl, not http://www.billnet.com.

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Mr. Boytinck:

Pursuant to Jason Biever's request, I am attaching, for your review, a draft Master Agreement between Garden City Plaza Ltd. and Enron Canada Corp.  Please do not hesitate to contact either Anne Koehler, Senior Counsel (713/853-3448; anne.koehler@enron.com) or me with any questions or comments.  We look forward to hearing your comments.

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
marie.heard@enron.com


Do you do expense reports and have not taken the training?

Expense Management System (XMS) - Cost: $135
         June 4th  8:30am-11:30am EB564
June 19th 1:00pm-4:00pm    EB564

The Expense Management System (XMS) is a tool used to electronically submit
your expense report for approval and payment through the Enron Intranet. It
is user friendly, accurate and less labor intensive for you and the
accounting staff.  This system will help you report your travel and
entertainment expenses.

You will learn how to:
E Create New Expense Reports
E Enter Cash Expense Receipts
E Adding Company Card Entries
E Enter Personal Car Mileage
E Foreign Currency Translation
E Reimbursement Method
E Designating your Approving Manager
E Designating your Administrative Assistant
E Submitting Your Expense Report
E Reviewing your Expense Report
E And Much More...

Please login and enroll through the InvestInMe website,
http://www.corptraining.com/index.cfm?company=enron.  If you have any
questions, please call 713 853-1816.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 05/11/2000
04:42 PM ---------------------------

Angela Barnett
05/11/2000 02:53 PM
To: lsharis@msn.com, Regina Blackshear/Corp/Enron@ENRON, Eve
Puckett/Corp/Enron@ENRON, Leslie Smith/HOU/ECT@ECT, Christopher
Hargett/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT
cc:
Subject: Fwd: joke

---------------------- Forwarded by Angela Barnett/HOU/ECT on 05/11/2000
02:51 PM ---------------------------

Topey0661@aol.com on 04/17/2000 09:49:59 PM
To: Angela.Barnett@enron.com, BDin64@aol.com, KITTEN0965@aol.com,
TBOY0909@aol.com
cc:
Subject: Fwd: joke

Return-Path: <Lmartinez@pme.katy.isd.tenet.edu>
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Date: 17 Apr 00 11:00:37 -0500
From: "l martinez" <Lmartinez@pme.katy.isd.tenet.edu>
Subject: FWD:joke
To: Mari Calderon <micalder@youensmail.alief.isd.tenet.edu>,        Paige
Camus <PCamus@deepwater.com>, Olga Dinwiddie <Topey0661@aol.com>,        Pam
Fowkes <phfowkes@youensmail.alief.isd.tenet.edu>,        Andrea grajeda
<acgraje@youensmail.alief.isd.tenet.edu>,        Miguel Grajeda
<mgr280cr@hal-pc.org>,        Miguelito Grajeda <robalo@hal-pc.org>,
Raymond Jasso <reunbrouck@rmi.net>,        Victor Martinez
<vmartin@kennedymail.alief.isd.tenet.edu>,        Jose Peiro
<bell_peiro@hotmail.com>,        "Blanca Romero"
<bromero@pme.katy.isd.tenet.edu>,        Jill Tobar
<Cctxwwjd@aol.com>,        silvia trinh <silvia.trinh@fortbend.k12.tx.us>
X-Mailer: QuickMail Pro 1.5.4 (Windows32)
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Content-Type: multipart/mixed; boundary="====53534952484851555457===1"
Message-Id: <20000417103153.1f762d04.in@pme.katy.isd.tenet.edu>

Funny

------------------------------------------------------
On 4/17/00, Nancy Rourke wrote:

-----------------------------------------------------
On 4/14/00, David Rourke wrote:
joke
See what you think!

Something to bring a smile...
>>
>>> > A Young man had just gotten his driving permit. He asked his father, a
>>> > minister if they could discuss the use of the car. His father said,
>>> > "I'll make deal with you, You bring up your grades, study your Bible a
>>> > little, get your hair cut and we'll talk about it."
>>> >
>>> > After a month the son asked again about the car. His father said "Son
>>> > I've been real proud of you. You brought up your grades and studied
>your
>>> > Bible, but you didn't get your hair cut."
>>> >
>>> > The young man waited a moment and replied, You know Dad, I've been
>>> > thinking about that. Samson had long hair, Moses had long hair, and
>even
>>> > Jesus had long hair."
>>> >
>>> > His father said "Yes, and they walked everywhere they. went."

RFC822 header
-----------------------------------
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    for <nrourke@pme.katy.isd.tenet.edu>; Fri, 14 Apr 2000 11:17:51 -0500
(CDT)
 User-Agent: Microsoft-Outlook-Express-Macintosh-Edition/5.02.2022
 Date: Fri, 14 Apr 2000 11:15:37 -0600
 Subject: joke
 From: David Rourke <drourke@persci.com>
 To: "Nancy Rourke" <nrourke@pme.katy.isd.tenet.edu>
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 Mime-version: 1.0
 Content-type: multipart/alternative;
    boundary="MS_Mac_OE_3038555737_888105_MIME_Part"
 Lily Martinez

<TITLE>joke</TITLE>

<TT>

See what you think!

Something to bring a smile...

>>

>>> > A Young man had just gotten his driving permit. He asked
his father, a

>>> > minister if they could discuss the use of the car. His
father said,

>>> > "I'll make deal with you, You bring up your grades,
study your Bible a

>>> > little, get your hair cut and we'll talk about it."

>>> >

>>> > After a month the son asked again about the car. His father
said "Son

>>> > I've been real proud of you. You brought up your grades and
studied

>your

>>> > Bible, but you didn't get your hair cut."

>>> >

>>> > The young man waited a moment and replied, You know Dad,
I've been

>>> > thinking about that. Samson had long hair, Moses had long
hair, and

>even

>>> > Jesus had long hair."

>>> >

>>> > His father said "Yes, and they walked everywhere they.
went."

</TT>


Joe:
Enclosed are the confirm templates for Catequil Partners, L.P. and Catequil
Oversea Partners Ltd.  Please fill in the details for the 12 trades and send
back to me so that we can send it to the counterparty.  Thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Neither Ken nor Jeff are available.  It would probably be better for one of
you to speak anyway.  Any interest?
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/28/2000
05:42 PM ---------------------------

Pankaj Ghemawat <pghemawat@hbs.edu> on 08/16/2000 01:47:29 PM
To: skean@enron.com
cc:

Subject: Fwd: Enron Corporation

Steve,

Here's the invitation I mentioned.? Thanks for following up on this and my
own personal invitation to get somebody to come to class.

Pankaj

X-Sender: esulliv@pop.fas.harvard.edu
Date: Fri, 11 Aug 2000 17:44:34 -0400
To: pghemawat@hbs.edu
From: Ellen Sullivan <esulliv@fas.harvard.edu>
Subject: Enron Corporation

Dear Pankaj,

I enjoyed meeting you last week in BA.? Steve Reifenberg and I are both
grateful for your willingness to speak to Ken Lay at Enron on our behalf.?? I
have attached a copy of the letter we sent to him, as well as the preliminary
program for the October 20 DRCLAS Corporate Partners Program.? When we called
to follow up, we were told that it was unlikely that Ken Lay would be able to
participate, so we extended the invitation to Jeff Skilling as well.? We
would be delighted to have either one speak on the case of Enron at the
event.

Thanks again, and please let me know if there is someone in Lay's office with
whom I should follow up after you speak with him.

Best,
Ellen

_______________________________________________

Ellen Sullivan

Associate Director

David Rockefeller Center for Latin American Studies

Harvard University

61 Kirkland Street

Cambridge, MA 02138

phone: 617.495.4873

fax: 617.496.2802

e-mail: esulliv@fas.harvard.edu

http://www.fas.harvard.edu/~drclas

</x-html>
 - Lay_invite_EMS.doc
 - Agenda_EMS_8_1.pdf
Pankaj Ghemawat
Tiampo Professor of Business Administration
Morgan 227
Harvard Business School
Soldiers Field
Boston MA 02163, USA

Tel: 617-495-6270
Fax: 617-495-0355


Could you resend the attachment.  We have been unable to open it.

-----Original Message-----
From: John.G.Rigby@enron.com [mailto:John.G.Rigby@enron.com]
Sent: Thursday, May 17, 2001 6:14 AM
To: Kay.Mann@enron.com; Scott.Dieball@enron.com; Sheila.Tweed@enron.com;
Ed.B.Hearn.III@enron.com; Thompson, Peter J.; Scott.Dieball@enron.com;
John.Schwartzenburg@enron.com; Bill.Williams@enron.com
Subject: World Hunger- Section 9.6 Additional tests

Per the conference call of Wednesday, I revised Section 9.6 (with Scott
fixing my drafting).  Attached document contains a redline of the
section.

I think this can be included in the version that goes to GE.  I
discussed
the concept with Jim Sutherland- he agreed with relaxing the unilateral
requirement in the case of GE.  We would not want to do this in the case
of
other vendors.

(See attached file: section 9-6.doc)


The meeting went well. There was a lot of discussion regarding the current
deals involving the env. market.  ENA global markets presented their strategy
on trading/marketing emissions as well as compliance outsourcing
(comprehensive services related to emissions reductions.); EES talked about
capturing bypassed emissions from current bundled deals as well as the
challenges of doing retail in states w/ varying mandates & reporting
requirements; EES (Bruce Stram) talked a bit about dg;  ENA origination
talked about a massive fuel cell project they are working on (they are
keeping it confidential currently); ENA West Structuring talked about
financial packages to offset intermittent risk assc. w/ wind; Michael Payne
EWC talked about wind development in the states and the associated
opportunities w/ renewable energy credits; New Power talked a bit about their
rollout in NJ, PA and upcoming CA.  New Power is at a point where they need
to get up on the curve w/ regard to renewable mandates and reporting
standards.

Everyone seemed to agree that it makes sense for environmental strategies to
act as the "link" between the groups w/ regard to env. market opportunities.
There are considerable synergies involved w/ ee, renewables, air emissions
and technology control, and as we interface across the commercial groups,
ensure that the left hand is talking to the right (i.e. the deals are
capturing the most value and groups are aware of what others are working
on.)  We are rolling out an intranet page where we intend to offer business
intelligence and env. regulation info.  In the near term, I'll be circulating
the presentations and the contact list.  There will be some sort of follow up
meeting that is structured completely differently than this one.

Hope this is helpful.  Have a good weekend.
Stacey

Jeff Dasovich
09/15/2000 11:35 AM
To: Stacey Bolton/HOU/EES@EES
cc:
Subject: Re: Environmental Strategy Meeting

My apologies, but as you can imagine, California's little crisis has me a bit
preoccupied.  Would love to know what comes out of the meeting, though.

Best,
Jeff


---------------------- Forwarded by Mona L Petrochko/SFO/EES on 09/26/2000
04:46 PM ---------------------------

Mona L Petrochko
09/26/2000 04:40 PM
To: Michael McDonald@ECT, Laird Dyer/SF/ECT@ECT, Edward Hamb/HOU/EES@EES,
Roger Yang, Dennis Benevides/HOU/EES@EES, James M Wood/HOU/EES@EES, Greg
Cordell, Douglas Condon/SFO/EES@EES, Martin Wenzel/SFO/HOU/EES@EES, Chris
Hendrix/HOU/EES@EES, Jennifer Rudolph/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES,
Karen Denne@Enron, David Parquet@ECT
cc: Mary Hain@Enron, West GA, James D Steffes/NA/Enron@Enron, Harry
Kingerski@EES, Cristina Zavala/SF/ECT@ECT
Subject: SDG&E's Bilateral Contracting Authority

As of 9/21, the Commission approved SDG&E's authority to enter into bilateral
contracts.  I have not received the final, however Cmmr. Bilas' alternate
pages were adopted and incorporated into the decision.

The decision maintains existing participation levels for forwards markets:
1900 MW for July-Sept and 1700 MW for all other months.  SDG&E may contract
through 2005.

Reasonableness review will be determined as follows:
"If the average price of SDG&E's bilateral transactions, delivered or
requiring delivery over the course of an annual period exceeds the average
price of SDG&E's corresponding portfolio of transactions...by more than 5%,
then the Commission will initiate an reasonableness review."

The decision recognizes that the CPUC approval process is flawed and that
"Sellers have no incentive to hold offers open to aaccommodate regulatory
lag."  However, if the utility decides to forego approval, they will not
receive reasonableness protection.  So SDG&E is still in a Catch 22.

It also says "we will not tolerate SDG&E refusing to enter into medium-term
contracts because there is no per se reasonableness standard attached to
them."  A strong admonition that SDG&E would be found imprudent for not
entering into forward contracts and the potential that if they do, they may
still be found to be imprudent.

Costs associated with these purchases will be spread across all consumers,
even in light of the fact that SDG&E's role as default provider may be
revised in the near future through the Commission's investigation.  ARM/WPTF
had advocated that these contracts should be allocated to small consumers
only.


Here is the latest model.  Thanks
Ben


After checking and re-checking, I find that, in fact, SPE transferred its
shares in PEP back to Enron Brazil Power Holdings XII Ltd. on June 24, 1999.
The Corp. Sec. Database does not yet reflect that information.

Thus, the current owners of PEP - Plena Energia Participacoes Ltda. are:

 Enron Brazil Power Holdings XII Ltd.  - 99%
 Enron Brazil Power Investments XII Ltd. - 1%

	Enron International

	From:  Robert H George                           01/18/2000 01:00 PM

To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Lynn Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pedro Henrique
Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara
Shackleton@ENRON_DEVELOPMENT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, tfts!mail@tozzini.attmail.com,
Nancy Muchmore/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Millenium ADR(s)

Absent Central Bank and/or tax implications, it probably would not matter
whether we had to copy the capital reduction twice because the paperwork
would be virtually identical.  The Central Bank itself may not be an issue
since under either structure it is approving a distribution of capital
(unchanged in amount) out of the country - presumably its only concern.
Nevertheless, it may be simpler to obtain Central Bank approval with fewer
companies.  Assuming that is the case (which I will check with our local
counsel to see if they have a view), then I will initiate the paperwork
(unless Lynn has a preferred location for SPE) to unwind SPE's insertion into
the PEP ownership chain and return SPE to its prior Enron Cayman owners.

Bruce Harris
01/18/2000 02:19 PM
To: Lynn Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Robert H George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pedro Henrique
Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara
Shackleton@ENRON_DEVELOPMENT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Millenium ADR(s)

What you are suggesting after your discussion with Sara is what I am
suggesting.  The parent has the account; it holds the securities on behalf of
its Brazil sub.  I would very much like to remove SPE from the chain quickly
if possible so that if there is a CPMF assessed on the in-kind capital
reduction, we don't have to pay it twice.  I think that would also simplify
Robert's legal request.  Any objections?

Regards,  Bruce

Lynn Aven
01/18/2000 10:31 AM
To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Robert H George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pedro Henrique
Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton@ENRON_DEVELOPMENT

Subject: Re: Millenium ADR(s)

The ADR's will be legally owned by PEP until we make a decision to move them
out and go through the process of having a capital reduction to move the
shares out of PEP.  Per discussions with Sara, we need to ascertain whether
MS will hold the ADR's in a security account in the name of the Enron  Brazil
Power Holding XII on behalf of PEP.

I just looked at the legal ownership of PEP and noted that there is another
Brazilian limitada, SPE between Enron Brazil Power Holdings XII and PEP.  I
assume that we will have filings for two capital reductions, one for PEP and
one for SPE unless SPE was removed from the ownership chain and that
transaction has not been reflected in the Corporate Secretary data base.  SPE
was placed in the chain of owenrship for the Comgas bid and I am not sure
whether it got removed when we recycled the entity.

Lynn

Bruce Harris
01/18/2000 05:05 AM
To: Robert H George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Pedro Henrique Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bruce
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Millenium ADR(s)

If MS can do it thats great.  Is there any problem per MS with the parent
CayCo receiving the ADRs and holding them in its sub-account on behalf of
PEP?  Perhaps Sara could inquire.  These are physical certifciates (if issued
as restricted) so I don't know if the MS account is set up for physical
custody or whether we need to prepare some additional documentation.

Regards,  Bruce

	Enron International

	From:  Robert H George                           01/17/2000 04:43 PM

To: Bruce Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pedro Henrique
Oliveira/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lynn
Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Millenium ADR(s)

BONY has asked us to send them a letter instructing them to issue the ADR(s)
and specifying where and to whom to deliver the certificates.  I will prepare
the instruction letter, but I am assuming that we want someone at Morgan
Stanley to take actual possession of the certificates.  In any event, I need
someone to tell me where the certificates should land and give me a physical
address for  the certificates.


Any idea who knows the answer to this question?

 -----Original Message-----
From: 	Horn, Cindy
Sent:	Monday, November 05, 2001 10:14 AM
To:	Jones, Tana
Subject:	FW: Issue to be resolved and acted upon
Importance:	High

Tana, do you have some info on how the financial trades, esp related to EGM was done for Global Contracts so this did not impact EOL?  Thanks Cindy

 -----Original Message-----
From: 	Brackett, Debbie R.
Sent:	Monday, November 05, 2001 1:23 PM
To:	Jones, Tana
Cc:	Horn, Cindy
Subject:	FW: Issue to be resolved and acted upon
Importance:	High

Tana,

You're the best person I know to answer the questions Cindy has regarding financial trading. Let me know if I can add anything.

Thanks,

Debbie

 -----Original Message-----
From: 	Horn, Cindy
Sent:	Monday, November 05, 2001 5:05 AM
To:	Brackett, Debbie R.
Subject:	FW: Issue to be resolved and acted upon
Importance:	High

Hi Debbie, hate to bother you but I know that for physicals we built the interface to Global Contracts from RA to do this so EOL customers would only have to sign their GTC's once.  How did this work for financials, was it from a Tagg feed?  Do you have any info on this I can send to Ron as I do not want to have to recreate the wheel on this one?  Thanks Cindy

 -----Original Message-----
From: 	Nolte, Ron
Sent:	Saturday, November 03, 2001 6:09 PM
To:	Horn, Cindy; Whiting, Elaine; Timson, Sarah; Das, Sarita; Hunter, Larry Joe; Bonanno, Joann; Sorenson, Jefferson D.; Leggett, Tim; Callaghan, Shawna
Subject:	Issue to be resolved and acted upon

Workflow in DCAF II for Global Products will require a number of changes to the Way DCAF II currently works.

When a deal is received by DCAF II from MoneyPenney, DCAF II will have to determine if the deal is to be confirmed and who the confirming party is on the deal.

DCAF II determines this by taking a contract number assigned to the deal and goes to Global Contracts.  The Contract identifies who is to confirm the deal.

Issue:  Currently MoneyPenny does not capture Global Compliant Contract Numbers.  Cindy Horn indicated her understanding is that Global Product Deals traded on EOL have a Contract Number.  While it is true that a party may agree to a GTC when logging on to EOL,  it does not mean that there  is a contract set up in Global Contracts between the parties.   My understanding is that EOL stores a Global Compliant Contract Number for those parties that have Master Agreements with Enron recorded in Global Contracts.  When a deal is traded on EOL for these parties,  the Contract Number ( e.g., 96053367 ) is provided in the XML message sent to Sitara and MoneyPenney.    This needs to be verified.

I have had discussions with Tim Legget regarding the contract number issue and he suggests the following be done.  A buyer contract and a seller contract number edit fields will be provided in the MoneyPenney Capture windows.  The reason there is a buyer and seller contract number is because there are two contracts when internal parties trade with each other.  MoneyPenney will not require a contract number be entered.  When MoneyPenney sends the deal message to DCAF II via DriveTrain, DriveTrain will try to determine the contract number using the GKCOM service that was developed for this purpose.  The problem with this is that there may be a significant number of deals where this service cannot determine the contract for.  GKCOM uses the internal party, the external party, the product, the document type (e.g., Master Purchase Sale Firm ), the start and end date of the deal to try and find a contract.

First of all,  who is going to tell GKCOM what kind of Contract Agreement to look for.  There a gazillion different types of contract agreements.   If MoneyPenney does not know what contract is covering the deal, how would it know to tell GKCOM what contract agreement type to look for?

Second,  a contract has to exist which matches the product on the deal.  There are a gazillion products traded in the Global Products world.  Every product has to be set up ( See ** ) under the contract that the counterparty could possibly trade.   Also,  there may be a need to set up several contracts for the same party.  Remember, DCAF II looks to the contract to determine who is confirming the deal.  For London deals, if the deal is  Petchems or MTBE, Enron confirms.  For some products, if it is a Brokered sale, then the Broker confirms - if it is a Brokered Purchase from Stasco, BP, Texaco, or Exxon/Mobile, then the Counterparty confirms - For all other Liquids, a Brokered Purchase is confirmed by the Broker.  Currently,  it is impossible to implement these business rules in Global Contracts.  Global Contracts does not have the ability to indicate
that the broker is confirming if it is brokered versus someone else if the deal is not brokered.

**  You can  indicate in Global Contracts that the product is "Any".  But "Any" could conflict with contracts that need to be set for Gas, Power, and Industrial Markets.  That is, you can't indicate to Global Contracts that "Any" means "Any Global Product" ;"Any" means "anything".

OK, so it is very likely that GKCOM cannot  provide a contract for all deals.  If that is the case, then the transaction will be kicked out - will not get to DCAF II - until someone becomes aware that the deal kicked out of DriveTrain and determines what the contract is and enters it into MoneyPenney.  If this happens, it is unlikely that the confirm will go out within 24 hours.

Even if a contract is determined by DriveTrain,   there will a significant number of deals for which the confirming party designation is not correct.

Please note that TAGG does not use contract numbers.  As such,  someone has to eyeball every deal and determine who is confirming the deal and if Enron is, which template format out of the hundreds available should be used.  The value in  DCAF can only be realized if the "someone" is removed from the processing.

Bottom Line:  DCAF II  needs a way to determine who the confirming party is on every deal, the correct Governing Law, Arbitration,  and Jurisdiction .  For gas deals ,  the contract provides the relevant information.  The Global Products world is much more complicated.

Decision:  If DCAF II is to use Global Contracts, there needs to be a project staffed by one or more persons 	      who spend the next couple of months working on the following responsibilities:

	1)	Determining and implementing  what upgrades to Global Contracts are required to support
		Global Products

	2)	Making sure that the appropriate contracts are set up for all Houston and London trading
		partners.

	3)	Defining the business rules required to populate  the XML message with the appropriate
		Contract Agreement Type  needed by GKCOM to determine the contract number.

	4)	 Defining a procedure that is executed when the deal kicks out of DriveTrain to determine what
		the contract on the deal should be and enable it to be entered into MoneyPenny.

	5)	Setting up a means for testing this process prior to and as part of the User Acceptance Test.


STEVE KEAN

	Billy Dorsey@ENRON_DEVELOPMENT
	01/31/2001 11:15 AM

		 To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter@ECT, Jeremy Blachman@EES, Philippe A Bibi@ECT, Raymond Bowen/HOU/ECT,
Michael R Brown@ECT, Harold G Buchanan@EES, Rick Buy@ECT, Richard
Causey@ENRON, Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox@Enron Communications,
David W Delainey@ECT, James V Derrick@ENRON, Steve Elliott@ENRON
COMMUNICATIONS, Andrew S Fastow@ECT, Mark Frevert@Enron, Ben Glisan@ECT,
Kevin Hannon@ENRON COMMUNICATIONS, Rod Hayslett@ENRON, Stanley Horton@ENRON,
James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J
Kean/NA/Enron@Enron, Louise Kitchen@ECT, Mark Koenig@ENRON, Kenneth
Lay@ENRON, John J Lavorato/Corp/Enron, Dan Leff@EES, Danny McCarty@ECT, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeffrey McMahon/HOU/ECT, Mark Metts/NA/Enron@Enron, Mark S Muller@EES, Cindy
Olson@ENRON, Lou L Pai@EES, Ken Rice@ENRON COMMUNICATIONS, Matthew
Scrimshaw@ECT, Jeffrey A Shankman@ECT, Jeffrey Sherrick@ENRON, John
Sherriff@ECT, Jeff Skilling@ENRON, Marty Sunde@EES, Greg Whalley@ECT, Thomas
E White@EES, Marcia Manarin/SA/Enron@Enron, G G Garcia@Enron, Susan
Skarness/HOU/ECT@ECT, Karen K Heathman@ECT, Sharron Westbrook@ENRON, Kay
Chapman@ECT, Molly Bobrow/NA/Enron@Enron, Stephanie Harris@ENRON, Bridget
Maronge@ECT, Nicki Daw@Enron, Inez C Dauterive@ECT, Carol Ann Brown@ECT,
Cindy Stark@ENRON, Maureen McVicker/NA/Enron@Enron, Joannie Williamson@ENRON,
Rosalee Fleming@ENRON, Vanessa Groscrand@ENRON, Tori L Wells@ECT, Cathy
Phillips@ECT, Loretta Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue
Ford/HOU/ECT, Dolores Fisher@Enron, Karen S Owens@EES, Dorothy Dalton@ENRON
COMMUNICATIONS, Mercedes E Estrada@Enron Communications, Christina
Grow@ENRON, Lauren Urquhart@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown@ENRON, Liz M Taylor@ECT, Judy G Smith@EES, Kathy
McMahon/NA/Enron@Enron, Suzanne Danz@ENRON, Peggy McCurley/HOU/ECT@ECT,
Marsha Schiller/HOU/ECT, Fiona Stewart/LON/ECT@ECT, Jana L
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie Schoppe@ECT, Kimberly
Hillis/HOU/ECT, Jennifer Burns@ECT, Sharon Dick@EES, Beverly Aden@EES, Kathy
Dodgen@EES, Kerry Ferrari@ECT, Carol Moffett@EES, Jennifer Adams@Enron
Communications, Leah Rijo@ECT, Lucy Marshall/Enron Communications@Enron
Communications, Kathy Campos@ENRON, Julie Armstrong@Enron, Mrudula
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brenda Castillo@Enron, Kelly
Johnson@Enron, Rebecca Carter@ENRON
		 cc: Video conference@enron, Vanessa Groscrand@ENRON
		 Subject: EXECUTIVE COMMITTEE MEETING-- FEBRUARY 5

Executive Committee Weekly Meeting
Date:  Monday, February 5
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984)
  or Bill Dorsey (713/646-6505) for the weekly dial-in number and passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

 Yes, I will attend in person ___X____


----- Forwarded by Jeff Dasovich/NA/Enron on 04/17/2001 01:05 PM -----

	"Ronald Carroll" <rcarroll@bracepatt.com>
	04/17/2001 12:43 PM

		 To: <mmilner@coral-energy.com>, <rreilley@coral-energy.com>,
<ray.alvarez@ei.enron.com>, <acomnes@enron.com>, <jdasovic@enron.com>,
<jsteffe@enron.com>, <linda.robertson@enron.com>, <smara@enron.com>,
<snovose@enron.com>, <gackerman@wptf.org>
		 cc:
		 Subject: Fwd: California Deal With SCE Is On Shaky Ground

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Tue, 17 Apr
2001 12:25:37 -0500 -----
To:	"Justin Long" <jlong@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>
cc:	"Ronald Carroll" <rcarroll@bracepatt.com>
Subject:	California Deal With SCE Is On Shaky Ground
CALIFORNIA DEAL TO BUY SCE HEADED FOR TROUBLE IN LEGISLATURE, CPUC

_______________________________________________

Date: April 18, 2001 -

A source with California State Senator Debra Bowen's (D) office says Gov.
Gray Davis' (D) tentative agreement to buy Southern California Edison's (SCE)
transmission assets will face tough scrutiny from suspicious lawmakers who do
not believe it is in the best interest of ratepayers. State regulators are
also expressing concern about the deal and consumer advocates are predicting
its demise.

"There are two alternatives," says the Bowen source. "Lawmakers will either
fashion a better deal or allow SCE to work out their problems in bankruptcy
court."

Bowen is the chair of the Senate Energy, Utilities and Communications
Committee.

The deal calls for SCE to sell its transmission assets to the state
Department of Water Resources (DWR) for 2.3 times its book value or $2.76
billion. The agreement also calls for the California Public Utilities
Commission (PUC) to establish a rate plan so that $3.5 billion of debt could
be recovered by SCE for its power purchases before the state began buying
electricity in January.

"This is the single most important cash flow provision of the memorandum of
understanding," says a source with the state Office of Ratepayer Advocate
(ORA). "SCE will collect all of the costs they have incurred." ORA had argued
against bailing SCE out of debt saying its parent company had ample funds.

In return for the premium paid in excess of the value of its transmission
assets, SCE has agreed to sell the output of its generating plants at
cost-based rates.

"Because of the premium, cost-based rates should be lower," says the ORA
source.

"The senator is very skeptical," says the Bowen source. "The deal is a great
benefit for generators and utilities but little, if any, benefit for
ratepayers."

The source says there is also concern with the SCE deal because it will only
involve about a third of the 32,000 miles of transmission lines in the state.

"If you buy a third of a bridge don't you wind up getting wet" asks the Bowen
source.

Davis has expressed optimism that the state will eventually obtain all of the
state's utility transmission lines. Pacific Gas & Electric's (PG&E)
bankruptcy filing has complicated the governor's plan, but Davis says the
state can now obtain the assets through the courts. However, the state must
now compete with private companies intent on the same thing. Negotiations
between the state and San Diego Gas & Electric are continuing.

The Bowen source says provisions in the deal which fashion a way for
generators to collect all they are owed by SCE is also of concern to
lawmakers.

"The state's position was that the rates charged by generators were unjust
and unreasonable," says the source. "If you now pay the generators you have,
at the very least, a public relations problem."

The source says there may also be a court fight over the issue.

"The creditors dealing with PG&E in bankruptcy court would probably want the
same treatment," says the source. "This creates an intriguing whipsaw effect."

A bill outlining the terms of the agreement between the state must be
introduced before official consideration begins in the legislature.

A source with UCAN says a bill based on the present agreement will never be
passed.

"If it survives, it will be modified," says the source.

Source: Electric Power Alert via EnergyWashington.com
Date: April 18, 2001
Issue: Vol. 11, No. 8
, Inside Washington Publishers


TXU 201 FOR THE 7TH


**********************************************************************
CERA Multimedia: Sent Thu, August 17, 2000
**********************************************************************

Title: Russian Investment Climate: Multimedia Playback
Author: Eurasia Energy
E-Mail Category: Multimedia
Product Line: Eurasia Energy ,
URL: http://www.cera.com/cfm/track/eprofile.cfm?u=5166&m=1317 ,

Alternate URL:
http://www.cera.com/client/fsu/mm/081700_15/fsu_mm_081700_15_ab.html

In an August 10, 2000, CERA multimedia conference call and web presentation,
Thane Gustafson, CERA Director, Eurasia Energy, John Webb, CERA Associate,
and Carolyn Miles, CERA Associate, discuss:

Russian Investment Climate: Toward Stability or Fresh Turmoil? Implications
for the Energy Sector

* The Russian investment climate under Putin: Where is it headed?

* The booming Russian economy: How much energy and energy investment will it
need?

* The Russian oil industry awash in profits: What is it doing with them?

To view and listen to a replay of this presentation, please click on the link
above.

**********************************************************************
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To edit your personal account information, including your e-mail
address, etc. go to: http://eprofile.cera.com/cfm/edit/account.cfm

This electronic message and attachments, if any, contain information
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Questions/Comments: webmaster@cera.com
Copyright 2000. Cambridge Energy Research Associates


Drink beer!  Down here


-----Original Message-----
From: Lee, Bob
Sent: Monday, December 03, 2001 11:05 AM
To: Stevens, Adam; Huang, Alex; Dhar, Amitava; Grigorov, Anguel; Dupont,
Anita; Lee, Bob; Supatgiat, Chonawee; Pernoud, Christopher; Koepke,
Gwyn; Johnson, Heather A.; Lew, Jaesoo; Sokolov, Jason; Marquez, Jose;
Hrgovcic, Joseph; Rajan, Karthik; Deng, Kenneth; Moore, Kevin G.;
Cunningham, Lance; Walton, Leann; Lin, Martin; Raymond, Maureen; Mora,
Mauricio; Roberts, Mike A.; Mujica, Mitra; Neale, Nelson; Sezgen, Osman;
Issler, Paulo; Krishnarao, Pinnamaneni; Sud, Pravas; Mellacheruvu,
Praveen; De, Rabi; Bharati, Rakesh; Kohli, Sandeep; Wooddy, Sarah;
Kiatsupaibul, Seksan; Yaman, Sevil; Ganjoo, Shalesh; Green, Shane;
Chopra, Shravan; Tamarchenko, Sofya; Vasudevan, Sriram; Bennett,
Stephen; Tamarchenko, Tanya; Candella, Therese; Barkley, Tom;
Shanbhogue, Vasant; Kaminski, Vince J; Narongwanich, Wichai; Smith,
William; Lu, Zimin
Subject: FW: Job lead

Possibility for IT and risk experience

Bob

-----Original Message-----
From: karenh@rwr.com [mailto:karenh@rwr.com]
Sent: Monday, December 03, 2001 9:57 AM
To: Lee, Bob
Subject: My infor

From: Karen Hekimian@RWR on 12/03/2001 09:56 AM

To:   bob.lee@enron.com
cc:
Subject:  My infor

Bob,
Thanks for taking my call today!  I am pleased to know that you have "a plan"
and will  be going back to Michigan.  Too bad it had to be under these
conditions however.  Anyway, good luck to you.

Meanwhile, I am looking for:
*  IT Talent and those with exp in Risk/Trading.
Please feel free to pass my info on or send me names and #'s and I will contact
them directly.

Thanks again Bob and take care!
Karen

Karen Hekimian
Executive Recruiter
24 Greenway Plaza, Suite  1304
Houston, Texas 77046
Toll:        800-364-7979  Ext. 7267
Direct:    713-358-7267
Fax:        713-623-2740
Email:    karenh@rwr.com
Internet: http://www.rwr.com


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Teco Tap       90.000 / HPL IFERC

Texoma         20.000 / HPL IFERC

LS HPL LSK IC       40.000 / Enron


I'm sorry to hear that, but it's better to figure that out now rather than
after you get married.

?-----Original Message-----
From: ? Clint.Dean@enron.com [mailto:Clint.Dean@enron.com]
Sent:?? Tuesday, May 15, 2001 2:30 PM
To:???? Denney, Monica [CTH:RE81:EXCH]
Subject:??????? RE: Birthday party for Bryan

Nothing really wrong, but Jenn and I decided to go our separate ways.? I
still talk to her, and I think she's a great girl.? Its just that something
wasn't there.? I don't really know what my deal is, but I guess when we got
to the same city finally, we didn't quite have the same passion anymore.
It is actually very sad.? Like I said, she is a great girl, and I still
care about her a lot.? She is in Laredo right now for work, and I think we
are going to Galveston together on Sunday.

"Monica Denney" <mdenney@nortelnetworks.com> on 05/15/2001 01:32:58 PM

To:?? Clint.Dean@enron.com
cc:

Subject:? RE: Birthday party for Bryan

I'm still on a leave of absence.? I will probably go back to work in August
or September.

I had a feeling something was wrong because we hadn't heard from you in so
long.

I hope to talk to you soon.

Monica :-)

?-----Original Message-----
From:?? Clint.Dean@enron.com [mailto:Clint.Dean@enron.com]
Sent:?? Tuesday, May 15, 2001 1:04 PM
To:???? Denney, Monica [CTH:RE81:EXCH]
Subject:??????? Re: Birthday party for Bryan

201 S. Heights #2721
Houston, TX 77007

I know its been awhile since we talked.? Are you back at work?? I thought
you were home now?? There is a lot that has gone on in my life lately.? I
will tell you everything a little later.

"Monica Denney" <mdenney@nortelnetworks.com> on 05/15/2001 12:52:14 PM

To:?? Clint Dean <clint.dean@enron.com>, Jenn Dickinson
????? <Jennifer.Dickinson@alumni.utexas.net>, Trent York
????? <trent.york@ey.com>
cc:

Subject:? Birthday party for Bryan

What is your address?? I need to send you an invitation to Bryan's birthday

party.? It will be at our house on May 27(superscript: th) from 8 pm until
whenever.

Thanks,

Monica Denney

Nortel Networks

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Bernard,

Yes, I can  read a DVI file. You can also  cc
my home address: Vkaminski@aol.com. I shall
try to send you an answer to your question on weekend.

Vince

"Murphy, Bernard" <Bernard.Murphy@caminus.com> on 03/01/2001 09:18:58 AM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: 1997 Risk paper on Pricing of Electricity Derivatives

Vince,

I can send you a Scientific Word DVI file (at the weekend) if you can read
SCientific Word files ?  The dissertation hasn't been reviewed by Les or the
External yet - although its been at FORC for 2 months. I think that the
Empirical Chapter is probably the one which would be of most relevance to
both our company's businesses - although I ultimately didn't have the time
to 'explicitly' price the jump risk-premium which I conjectured is possibly
implicit in the prices of exchange-traded electricity futures-options -
rather I developed an implicit estimation procedure which will enable a
rough assessment (with a little bit of further work, but not too much) be
made of the price of jump risk in wholesale power markets.

In other words, I assumed spot jump-risk to be undiversifiable, and
essentially devoted 2 Theoretical Chapters to :

1) proving that a jump-diffusion trading model is "incomplete" (synthesising
the securities markets framework with martingale representation theory) -
note that I did not assume that markets could be dynamically completed with
'term structure' securities as in the HJM w/ jumps papers of Shirakawa and
Das and;

2) deriving an explicit risk-adjustment process for 'implementing' the price
of jump-risk using a jump-diffusion marginal indirect utility of wealth
process (ie. a jump-augmented production economy approach in the spirit of
CIR, Bates, Ahn & Thompson).

Incidentally, I would be keen to find out if you or any of your team done
much work on real-asset valuations in a spark-spread option-valuation
framework ?  I'm about to start a project evaluation of embedded
optionality, and have a dilemna whether I should model the spot or forward
gas / power price processes.  With the former, I can model mean-reversion
and jumps explicitly (obviously, important for capturing the optionality of
out-of-the-money plant, which might otherwise be ignored in a pure-diffusion
framework) but am not maximising the informational content of the available
market data (that is, assuming there was a long-term market forward curve
for electricity); whereas in the latter the driftless forward supposition
means that I have to capture mean-reversion via the futures volatility
function, and jumps are less easy to calibrate.  Any suggestions ?

Regards

Bernard

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: 01 March 2001 14:54
To: Murphy, Bernard
Cc: Shirley.Crenshaw@enron.com; Vince.J.Kaminski@enron.com
Subject: Re: 1997 Risk paper on Pricing of Electricity Derivatives

Bernard,

I am forwarding your message to my assistant and she will mail you a
reprint.
I would be glad to take a look at your dissertation. Is it available as a
publication, working paper?

Vince

"Murphy, Bernard" <Bernard.Murphy@caminus.com> on 03/01/2001 02:17:39 AM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  1997 Risk paper on Pricing of Electricity Derivatives

Hello Vince,

My name is Bernard Murphy - I received your e-mail address from Les
Clewlow,
who was my PhD supervisor at the Financia Options Research Centre at
Warwick
Business School.  I've just finished my PhD on Electricity Price Jump
Diffusions :  A Theoretical and Empirical Study in Incomplete Markets -
hence my interest in electricity price modelling and derivative pricing.  I
was looking to get hold of a copy of your 1997 paper, which has recently
come to my attention :

"The Challenge of Pricing & Risk-Managing Electricity Derivatives", The US
POwer Market, Risk Publications, pp. 149-171.

and Les suggested that I contact you directly (Les is travelling at present
and doesn't have an electronic copy available) to request an e-copy.

Incidentally, I am Lecturer in Finance / Financial Mathematics at
University
of Limerick (Ireland) and have taken a year out to work for Caminus UK,
where I am working on introducing and developing a markets-based approach
(spark-spread) to real asset valuations in the UK power industry.

Thanks in advancve

Bernard Murphy