?
?	'VentureWire'
	Friday, November 17, 2000	?
?	CONTENTS | COMPANIES | INVESTORS	?
?

	top stories

	* Troubled E-Government Site govWorks Cuts Staff
	* Whitney & Co. To Raise a $2.5 Billion Global Fund
	* eHitex Names Former Internet Capital Group Exec as CEO
	* PlanetOut Agrees to Merge with Gay.com Parent Company

	A HUNDRED THINGS YOU HAVE NOT DREAMED OF

	Technology Outlook 2000 will bring together the CEOs of
	100 of the most exciting start-ups developing pervasive
	and mobile-computing technologies.  Tracks include:

	Consumer Devices, Consumer Software, Electronic Books,
	Enabling Technology, Home Networking, Internet Appliances,
	Mobile Commerce, Access Technology, Mobile Services,
	Communication Solutions, Video Solutions, Distributed
	Computing, Systems Software, Location-Based Services,
	Voice Portals, and Telephony

	Only a handful of tickets remain for this unique event
	Technology Outlook 2000: The Future of Pervasive Computing
	December 4 and 5, San Franciscohttp://technologicpartners.com/tp/conf/to2000/

	new money

	* Net Software Firm Tridium Raises $20 Million in First Round
	* Symmorphix, Optical Components Developer, Raises $25 Million
	* Encore Software Raises First Round with $7.5 Million
	* Intellectual Asset Firm PitchWare Closes Series A
	* Market Forcaster Opion Launches with $6.5 Million Series A
	* Tech Business Development Firm Raises $1 Million First Round
	* Tech Expertise Firm HotDispatch Gets $18 Million Round Two
	* Financial Info Streaming Media Firm RAW Lands $27 Million
	* Food Distributor Platform Gets $29 Million C Round, New Name
	* HR Net Services Firm Workscape Lands $45 Million Series E
	* LegalMatch Exchanges Equity with American Lawyer Media
	* Mobile Apps Firm The Brodia Group Secures $30 Million
	* Payment Technology Firm Veristar Gets $7.7 Million Series C
	* Motorola Invests in Shortwave Wireless Company Aura
	* Networking Firm OmniCluster Technologies Secures $6 Million
	* Online Tech Trainer Simulus Secures Funding from GE Capital

	bad news

	* Struggling Online Beauty Firm BeautyJungle Shuts Down
	* TheStreet.com Drops Venture-backed U.K. Venture
	* GiftCertificates.com Pulls IPO, Gets $13 Million Debt Funds

	new products

	* E-Payment Firm for ASPs, Engyro, Launches
	* Auto Industry Content Firm AutoMedia.com Launches Site

	new deals

	* J.D. Edwards Takes Stake in Supply & Demand Apps Firm Atlas

	m&a

	* Intuit Buys Net HR Firm EmployeeMatters For $39 Million
	* Automotive Software Tech Firm Wrenchead Acquires Profit Pro
	* Broadband Sports Acquires Extreme Sports Site Action Sports
	* DirectStuff.com Acquires Two Coupon Sites Back from Save.com
	* Event Firm ComLinx Acquired by Developer Archer Systems
	* Software Developer TCS Acquires Wireless Firm Xypoint

	new directors

	* Services Firm Asera Adds Kleiner Perkins Partner to Board
	* E-Learning Firm Tcert Names Egon Zehnder Exec to Board
	* ReceiptCity Taps Crosspoint Partner for Board

	new people

	* Ex-Head of Lucent Spinoff Named Pres, CEO of StorageWay
	* Bandwidth Exchange Band-X Names Cable & Wireless Exec CEO
	* Campus Pipeline Appoints Ex-Ameritrade Head to CEO
	* E-Health Firm NaviMedix Names Former Kinetra Exec as CEO
	* Marketer MyDrugRep Appoints Sales Exec as First President
	* Streaming Media Firm Aerocast Announces CEO, Board Members

	vc fund news

	* Japan's Netyear Group to Start VC Arm and Raise Fund
	* Dresdner Kleinwort Benson Launches $125 Million Japan Fund
	* Emit Capital Takes Stake in Turkish Incubator incubaTR

	vc personnel

	* Eastman Kodak Company Names Two to Venture Capital Team

	vw corrections

	* GreenOrder

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

	The elite of the burgeoning optical communications industry
	will be in one place, under one roof Feb 11-14:
	Optix2001 in Pasadena, CA.

	This unusual event combines leaders in academia and business
	exchanging the latest on trends, recent developments, and
	the future of optical technology. If you are a player in the
	field, this is a special opportunity to learn from the
	world's experts.

	The brightest corporate stars such as Don Smith, President
	of Nortel are joined by renowned academics such as
	Kerry J. Vahala, Professor of Applied Physics at Cal Tech,
	to provide a breadth of knowledge and insider perspective
	unique to the industry.

	Participation at this event is subject to approval and is
	limited to senior executives involved in the optical
	communications industry. For your registration pack link
to:http://www.optix2001.com/optix_reg.html

	top stories
	?
	Troubled E-Government Site govWorks Cuts Staff
	?	?	NEW YORK (VENTUREWIRE) -- According to a source close to the company, ?govWorks, a provider of Internet services that facilitate interactions ?between government agencies, citizens, and businesses, has laid off ?approximately 70 people, leaving the company with 50 employees, and may shut ?down by month's end. The source also said the firm is looking for a buyer. ?govWorks vice president of marketing David Camp confirmed the reduction in ?staff but would not specify the number of lay-offs. Mr. Camp said the cuts ?came as part of company restructuring, and that govWorks would now focus on ?its e-government software and transaction services. Of the search for a ?buyer, he said only that the company is continuing "to pursue all strategic ?opportunities." govWorks has struggled since last spring when it first began ?reducing its 270-person staff. Though govWorks has announced contracts with a ?number of municipal! clients, the deals have not brought the firm to ?profitability. govWorks Latin America, a joint venture between majority-owner ?govWorks and Argentine firm Consultora Tecnologica, was unaffected by the ?cuts and continues with a staff of 30, according to Julian Herbstein, ?president of govWorks International. govWorks Latin America, which launched ?in June, had hoped to raise some $15 million but has not received funding to ?date. Mr. Herbstein called the subsidiary self-sufficient and said that ?should govWorks close, govWorks Latin America might remain in business. In ?April, govWorks received funding from the Mayfield Fund, Kohlberg Kravis ?Roberts, American Management Systems, the Safra Group, Hearst Corp., Global ?Bridge Ventures, and Metropolis Ventures.?	http://www.govworks.com?	?	Whitney & Co. To Raise a $2.5 Billion Global Fund?

	NEW YORK (VENTUREWIRE) -- Whitney & Co. said it is planning to raise a $2.5
billion global fund next year, which will include an allocation for Japan.
The venture capital firm, which has offices in New York, Boston, San
Francisco, London, Tokyo, Hong Kong, and Singapore, started to invest outside
of the U.S. 2 years ago.
	http://www.whitney.com

	eHitex Names Former Internet Capital Group Exec as CEO
	?	?	SUNNYVALE, Calif. (VENTUREWIRE) -- eHitex, a high-tech marketplace, said it ?appointed Robert Lewis as chief executive officer. Mr. Lewis was managing ?director of operations at Internet Capital Group and replaces interim co-CEOs ?Keith Melbourne and Wendy Caswell. Both will remain with the company, Mr. ?Melbourne as vice president of worldwide sales and marketing, and Ms. Caswell ?as vice president of strategy and corporate development. eHitex is funded by ?Agilent Technologies, AMD, Canon, Compaq, Gateway, Hitachi, Hewlett-Packard, ?NEC, Quantum, Samsung Electronics, SCI Systems, Solectron, Synnex, Tatung, ?and Western Digital.?	http://www.ehitex.com?	?	PlanetOut Agrees to Merge with Gay.com Parent Company ?

	SAN FRANCISCO (VENTUREWIRE) -- PlanetOut, an online media company that serves
the gay and lesbian community, said it agreed to merge with Online Partners,
the parent company of online gay and lesbian resource Gay.com. The new
company will take the name PlanetOut Partners and be headquartered in San
Francisco. Financial details of the merger were not disclosed. PlanetOut said
that it may have to lay off a small number of workers, and would make a
further announcement in about two weeks. Online Partners chief executive
officer Lowell Selvin will be the CEO of PlanetOut Partners. PlanetOut chief
executive officer Megan Smith will be the president of the new company. The
board of directors of PlanetOut Partners will include Mr. Selvin and Ms.
Smith as well as Flatiron Partners managing partner Jerry Colonna, Mayfield
Fund partner Alan Morgan, and Ron Peele, vice president of America Online
Investments. G! ay.com acquired Gaywire News Network earlier this year and
holds equity in the Gay Financial Network and Italian gay and lesbian portal
Gay.it. PlanetOut acquired gay-themed Liberation Publications earlier this
year. Gay.com is backed by Baroda Ventures, Chase Capital Partners, Chase
Capital Partners Europe, Flatiron Partners, IDG Ventures, Jesse.Hansen.coVe.,
and Macluan Digital Partners. PlanetOut is backed by Allen & Co., America
Online Investments, BMG Entertainment, Creative Artists Agency, Eden Capital,
EDventure Holdings, Mayfield Fund, and individual investors.
	http://www.gay.com
	http://www.planetout.com

	new money
	?
	Net Software Firm Tridium Raises $20 Million in First Round
	?	?	RICHMOND, Va. (VENTUREWIRE) -- Tridium, a provider of Web-enabled, automation ?software infrastructure, said it closed a $20 million first round of funding. ?kRoad Ventures and Enron North America each contributed $10 million. The ?company said it will use the funds to increase sales and technical support ?offices in North America, expand its operations into Europe and Asia, and ?enhance its technology and products. Tridium develops and markets Niagara ?Framework, a software infrastructure that allows companies to build software ?applications for accessing, automating, and controlling smart devices in ?real-time over the Internet. A representative from kRoad and Enron will each ?join the company's board of directors.   ?	http://www.tridium.com?	?	Symmorphix, Optical Components Developer, Raises $25 Million?

	SUNNYVALE, Calif. (VENTUREWIRE) -- Symmorphix, a developer of optical
networking distribution amplification components, said it raised $25 million
in its first round of funding. The round included investments from Crescendo
Ventures and Battery Ventures as well as previous individual investors from
the company's seed round. The company said it will use the financing to
develop products for all-optical networks.
	http://www.symmorphix.com

	Encore Software Raises First Round with $7.5 Million
	?	?	GARDENA, Calif.  (VENTUREWIRE) -- Encore Software, which publishes ?entertainment and education software, said it raised $7.5 million in its ?first round of funding from sole participant Raymond James Capital Partners. ?The company will use the funding for general growth, launching its console ?strategy, and expanding its Internet division. Encore Software is also backed ?by individuals. ?	http://www.encoresoftware.com?	?	Intellectual Asset Firm PitchWare Closes Series A?

	SAN JOSE, Calif. (VENTUREWIRE) -- PitchWare, which makes an idea submission
and database application for the venture and entertainment industries, said
it has closed its Series A round of funding. The company is not disclosing
the amount raised or the round participants, and said there will be no board
changes as a result of the round. The company will use the funds for product
development and to increase staff.
	http://www.pitchware.com

	Market Forcaster Opion Launches with $6.5 Million Series A
	?	?	HERNDON, Va. (VENTUREWIRE) -- Opion, which provides real-time market ?information and forecasting services, said it launched with a $6.5 million ?Series A round of funding. New Enterprise Associates and Capital Investors ?Group led the round that included Avatar Capital Partners, Avansis Ventures, ?Science Applications International, and Schoffstall Ventures. The company ?will use the funding for further research and development as well as sales ?and marketing. The company was co-founded by Nick Arnett, who was most ?recently vice president of marketing for software firm Invisible Worlds, and ?by former Network Solutions senior vice president and CTO David Holtzman, who ?serves as Opion's chairman and CEO. Opion analyzes public Internet ?interactions to make market forecasts. ?	http://www.opion.com?	?	Tech Business Development Firm Raises $1 Million First Round?

	SEATTLE (VENTUREWIRE) -- i5 Digital, a technology business development firm,
said it received $1 million from Ackerley Ventures in a second round of
financing. Chris Ackerley, co-president of Ackerley, will join i5 Digital's
board as its tenth member.
	http://www.i5digital.com

	Tech Expertise Firm HotDispatch Gets $18 Million Round Two
	?	?	MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- HotDispatch, an online exchange for ?technical expertise, said it has raised $18 million in a second round of ?funding led by WorldCom Ventures. SAP Ventures, New Enterprise Associates and ?Accel Partners also contributed to the round. HotDispatch said it will use ?the funding to build its international sales and marketing capabilities. The ?company also said Steve Mooney of WorldCom took a seat on its board of ?directors.  ?	http://www.hotdispatch.com?	?	Financial Info Streaming Media Firm RAW Lands $27 Million?

	LONDON (VENTUREWIRE) -- RAW Communications, a broadband media company that
distributes financial messages from corporations and brokers to institutional
and retail investors, said it completed a $27 million round of funding led by
Providence Equity Partners. 3i Group, an existing investor, and Intel also
participated. The company said it will use the funding to expand RAW's
broadband media network and related production hubs. The company plans to
expand further in the U.S. and Europe and to establish a foundation in Asia.
A source close the company said a representative from Providence Equity will
join RAW's board.
	http://www.rawcommunications.com

	Food Distributor Platform Gets $29 Million C Round, New Name
	?	?	SAN FRANCISCO (VENTUREWIRE) -- Restaurantpro, which has developed an ?application and hosting platform for restaurants and food distributors, said ?it has raised $29 million in its Series C round of financing led by Rembrandt ?Venture Partners. Deutsche Banc Alex Brown and Bank of America, among others, ?and Series B investors Caanan Partners, Commerce One Ventures, Boulder ?Ventures, Advent International, and Catamount Ventures also participated. The ?company also said it is changing its name to CriticalArc Technologies to ?reflect expansion into other areas of the food industry, but that ?Restaurantpro will remain the name of its flagship application. CriticalArc ?said it will use the funds for expansion. There will be no board changes as a ?result of the round.   ?	http://www.criticalarc.com?	?	HR Net Services Firm Workscape Lands $45 Million Series E?

	RESTON, Va. (VENTUREWIRE) -- Workscape, a provider of Internet services for
human resources and employee benefits administration, said it secured $45
million in its Series E round of funding from DaimlerChrysler; America
Online; Sun Microsystems; Coleman, Swenson, Hoffman, Booth; HLM Management
Company; and previous investors E.M. Warburg, Pincus and ABS Capital
Partners. Workscape recently launched Employee.com, an open technology
platform which employees of large companies can use to update their benefits,
get company news and information, collaborate with one another on projects,
make purchases, and access entertainment options. DaimlerChrysler and General
Motors will be the first users of this technology. Workscape has raised $110
million to date.
	http://www.workscape.com

	LegalMatch Exchanges Equity with American Lawyer Media
	?	?	NEW YORK (VENTUREWIRE) -- LegalMatch, a site that matches lawyers and ?clients, said American Lawyer Media took an equity stake in the startup in ?exchange for print ads in American Lawyer Media publications. The deal is ?part of LegalMatch's still-open Series B round of financing. LegalMatch said ?it will use Series B funds for national expansion of its service.    ?	http://www.legalmatch.com?	?	Mobile Apps Firm The Brodia Group Secures $30 Million ?

	SAN FRANCISCO (VENTUREWIRE) -- The Brodia Group, which provides platform and
applications to enable personal commerce, payments and identity management on
mobile or network-connected devices, said it has secured $30 million from
Morgan Stanley Dean Witter, MasterCard International, Draper Fisher Jurvetson
ePlanet Ventures, Itochu, and Bank of Singapore Limited. The company's
previous investors, Capital Z Partners and Draper Fisher Jurvetson,
participated in the round.
	http://www.brodia.com

	Payment Technology Firm Veristar Gets $7.7 Million Series C
	?	?	BERKELEY, Calif. (VENTUREWIRE) -- Veristar, a provider of wireless and ?Internet-based biometric and electronic payment technology for retail point ?of sale, said it received $7.7 million in its Series C round of funding. ?Castle Creek Technology participated, as did undisclosed institutions and ?individuals. The company will use the funds for sales and marketing and to ?build its management team. ?	http://www.veristarcorp.com?	?	Motorola Invests in Shortwave Wireless Company Aura  ?

	WILMINGTON, Mass. (VENTUREWIRE) -- Aura Communications, which develops
technology for short-range wireless voice, audio and data communication, said
it has secured an undisclosed amount of funding from Motorola Ventures, the
strategic venture capital arm of the global communications company. Motorola
made the investment as part of a strategic agreement to jointly expand the
development and implementation of Aura's technology. Aura is developing
wireless headsets for cellular phones.
	http://www.auracomm.com

	Networking Firm OmniCluster Technologies Secures $6 Million
	?	?	BOCA RATON, Fla. (VENTUREWIRE) -- OmniCluster Technologies, which is ?commercializing an IBM-developed network technology, said it has raised $6 ?million in a venture round led by HIG Capital. Crossbow Ventures also ?participated. The company said it will use the funding to build the network ?infrastructure, which is aimed at reducing the cost and complexity of ?installing, expanding, and maintaining PC networks and server environments.   ?	http://www.omnicluster.com?	?	Online Tech Trainer Simulus Secures Funding from GE Capital?

	HOUSTON (VENTUREWIRE) -- Simulus, which provides Web-based technical skills
training, said it has received an undisclosed equity investment from GE
Capital's commercial equipment financing unit. Simulus' technology, which
features interactive training simulation, is used by aviation, healthcare,
energy and manufacturing industries.
	http://www.simulus.com

	bad news
	?
	Struggling Online Beauty Firm BeautyJungle Shuts Down
	?	?	CHICAGO (VENTUREWIRE) -- BeautyJungle.com, an online retailer of beauty ?products, said it shut down. The company cited time constraints and ?difficulties with the financial markets as reasons for its closure. ?BeautyJungle's Web site, which announced its closing and thanked its ?customers and employees, depicts its difficulties obtaining funding with a ?humorous cartoon. The company was trying to either raise a Series C round or ?be acquired. Earlier this month, the company cut approximately 60% of its ?staff. BeautyJungle's last funding was a $20 million Series B round raised ?late last year. In that round, $18 million came from troubled incubator ?Divine interVentures, which has had layoffs of its own recently. ?BeautyJungle.com was also backed by individual investors.?	http://www.beautyjungle.com?	?	TheStreet.com Drops Venture-backed U.K. Venture?

	NEW YORK (VENTUREWIRE) -- TheStreet.com, a publicly-traded financial news and
commentary organization, will shut down its U.K. venture as part of a larger
restructuring. The firm is also cutting 20% of its workforce and ending a
joint venture news room with the New York Times. The U.K. venture,
TheStreet.co.uk, was established on February 15. TheStreet.co.uk is majority
owned by TheStreet.com, and investors including Chase Capital Partners,
Barclays Private Equity, Intel, ETF Group and 3i each hold minority stakes.
The U.K. subsidiary was going to run out of money by December of this year
according to reports from the company.
	http://www.thestreet.com

	GiftCertificates.com Pulls IPO, Gets $13 Million Debt Funds
	?	?	NEW YORK (VENTUREWIRE) -- GiftCertificates.com, an online marketplace for ?gift certificates to several stores, has withdrawn its IPO, citing ?unfavorable market conditions. The company said it raised $13 million in ?convertible debt financing. Previous investors Gotham Partners, Greenlight ?Capital, Mellon Ventures, SCP Private Equity Partners, Pilgrim Baxter Hybrid ?Partners, and Glencarron Investment provided the funds. This round of ?investment comes after the recent close of the company's Series J round with ?$50 million from Baron Private Equity, Hilal Capital Associates, and Triumph ?Partners, as well as the backers in the current debt round. The company said ?it will use the funds for brand marketing, sales, and to pursue strategic ?alliances.?	http://www.giftcertificates.com?	?	new products?	??	E-Payment Firm for ASPs, Engyro, Launches?

	LAS VEGAS (VENTUREWIRE) -- Engyro, an Internet payment services firm for
supply chain firms in the ASP market, announced it has launched. Engyro was
incubated by Chell Merchant Capital Group, which owns a majority stake in the
company. Engyro is presently seeking its first venture capital funding. The
company has developed technology based on open architectured Java software
and online analytical processing software.
	http://www.engyro.com

	Auto Industry Content Firm AutoMedia.com Launches Site
	?	?	PASADENA, Calif. (VENTUREWIRE) -- AutoMedia.com said it launched its auto ?content site today. The site contains graphics, commentary, news, and other ?content relevant to the auto industry. AutoMedia received $2 million in its ?Series A round from Netcubator in March of this year.   ?	http://www.automedia.com?	?	new deals?	??	J.D. Edwards Takes Stake in Supply & Demand Apps Firm Atlas ?

	MALVERNE, Pa. (VENTUREWIRE) -- Atlas Commerce, which develops Internet-based
supply and demand and resource management applications for businesses, said
J. D. Edwards, an Internet business consulting firm, has acquired a minority
stake in the company. Atlas said there will be no board changes as a result.
Atlas raised $35 million from Safeguard Scientifics in May of this year.
	http://www.atlascommerce.com
	http://www.jdedwards.com

	m&a
	?
	Intuit Buys Net HR Firm EmployeeMatters For $39 Million
	?	?	MOUNTAIN VIEW, Calif. (VENTUREWIRE) -- Intuit, a publicly-traded company ?which provides consumers and small businesses with financial software and ?Web-based financial services, said it is acquiring EmployeeMatters, a ?provider of human resource management, benefits, and payroll services via the ?Internet, in a stock transaction valued at approximately $39 million. Elliot ?Cooperstone, EmployeeMatters' CEO will become a vice president at Intuit and ?will continue to lead the EmployeeMatters business unit. The majority of ?EmployeeMatters' current senior management team is expected to remain with ?Intuit. EmployeeMatters is fully-funded by Frontline Capital Group.  ?	http://www.intuit.com?	?	Automotive Software Tech Firm Wrenchead Acquires Profit Pro?

	WHITE PLAINS, N.Y. (VENTUREWIRE) -- Wrenchead, which produces software
technology for the automotive aftermarket, said it acquired Profit Pro, an
automotive software, electronic parts cataloging, and e-commerce technology
firm for an undisclosed amount. Wrenchead and Profit Pro have worked closely
together for more than a year and have developed a suite of business-to-
business e-commerce products for the aftermarket including Vision, Proficy,
Wrenchead Pro, and Wrenchead.com. Profit Pro CEO Brad Duncan will become
chief strategic officer of the new operation. Wrenchead is backed by Polaris
Venture Partners, Goldman Sachs, WIT Capital, PaineWebber, CBS, and SFX
Entertainment. Profit Pro is backed by Canopy Group.
	http://www.profitpro.com
	http://www.wrencheadpro.com

	Broadband Sports Acquires Extreme Sports Site Action Sports
	?	?	LOS ANGELES (VENTUREWIRE) -- Broadband Sports, a sports media company that ?produces and distributes sports content, said it acquired Action Sports ?Network, a Web page that features content on surfing, snowboarding, and ?skateboarding. Terms of the deal were undisclosed. Broadband Sports will ?combine its FreeStyleDirect division with Action Sports' three Web sites: ?surflink.com, snowboardlink.com, and skateboardlink.com, which will be ?available on freestyledirect.com. Broadband Sports plans to relaunch the site ?in 2001 to fully integrate the three Action Sports sites. Mark Bertignoli, ?founder and president of Action Sports, will remain with the company as ?Action Sports director. Broadband Sports is funded by Institutional Venture ?Partners, Sequoia Capital, and individuals including Michael Dell, founder of ?Dell Computer, and Frank J. Biondi Jr., the former CEO of Universal Studios.?	http://www.actionsportsnetwork.com?	http://www.broadbandsports.com?	?	DirectStuff.com Acquires Two Coupon Sites Back from Save.com?

	PITTSBURGH (VENTUREWIRE) -- DirectStuff.com, an Internet direct marketing
firm, said it plans to acquire MyCoupons and DirectCoupons back from
Save.com, an online distributor of consumer packaged goods coupons for
undisclosed amounts. DirectStuff.com sold the two sites to Save.com in a cash
and marketing agreement valued at $23 million last May. MyCoupons is a
consumer Web site that provides coupons and savings. DirectCoupons is a
weekly email publication. DirectStuff.com is owned in part by Internet.com
and is funded by the Internet.com Venture Fund. Save.com's primary investor
is coupon firm Valassis Communications.
	http://www.directcoupons.com
	http://www.directstuff.com
	http://www.mycoupons.com

	Event Firm ComLinx Acquired by Developer Archer Systems
	?	?	ISELIN, N.J. (VENTUREWIRE) -- ComLinx, a developer of Web-based corporate ?events applications, said it has been acquired by publicly traded Archer ?Systems, a business development firm, in an equity exchange. ComLinx's ?founder Eric Korb will remain president and CEO of the company, which will ?now function as a subsidiary of Archer Systems. Mr. Korb and Richard ?Margulies, CEO of Archer, will sit on a new board that is being formed. ?ComLinx raised $1.5 million from Spencer Trask and individual investors in ?December of last year.     ?	http://www.comlinx.com?	?	Software Developer TCS Acquires Wireless Firm Xypoint?

	ANNAPOLIS, Md. (VENTUREWIRE) -- TeleCommunication Systems (TCS), a publicly
traded software developer, said it signed a definitive agreement to acquire
Xypoint, a developer of wireless location technology, for 4.3 million shares
of TCS worth approximately $65.2 million. TCS develops software and services
that allow telecommunication carrier customers to receive and transmit data
messages wirelessly. Xypoint develops wireless location technology that
enables carriers to locate mobile devices, protect privacy, and facilitate
the delivery of messaging to the core of carrier networks.  After the
acquisition Xypoint shareholders will own approximately 14% of TCS stock on a
fully diluted basis. The transaction is expected to close in January. Xypoint
CEO, Ken Arneson, will become senior vice president and chief strategy
officer of TCS. Xypoint's headquarters will remain in Seattle. The company
had rece! ived funding from lead investor Hillman Group as well as Amazon,
Morgan Stanley Dean Witter, and TLcom.
	http://www.telecomsys.com
	http://www.xypoint.com

	new directors
	?
	Services Firm Asera Adds Kleiner Perkins Partner to Board
	?	?	BELMONT, Calif. (VENTUREWIRE) -- Asera, which provides business services to ?Internet firms, said it added Ray Lane, general partner at Kleiner Perkins, ?to its board of directors. Mr. Lane was formerly president and chief ?operating officer at Oracle and joins board members Vinod Khosla, Asera ?co-founder and general partner at Kleiner Perkins; Warren Weiss, president ?and CEO of Asera; Janpieter Schreerder, president of Network Storage at Sun ?Microsystems; Pete Solvik, vice presiedent and CIO of Cisco Systems; Ernest ?von Simson and Naomi Seligman, co-founders of the Research Board, an analyst ?organization for information technology trends. Asera closed a $115 million ?Series C round of funding in August from Cisco Systems, Nortel Networks, SAP, ?Siemens, Kleiner Perkins, Bowman Capital, and others. ?	http://www.asera.com?	?	E-Learning Firm Tcert Names Egon Zehnder Exec to Board?

	ATLANTA (VENTUREWIRE) -- Tcert, a creator of Web-based training systems, said
it added John Takerer to its board of directors. Mr. Takerer is a consultant
with Egon Zehnder International, an executive placement firm, and was
formerly director of strategic planning and managing director of Europe for
ECC International, a mineral engineering company. The company is funded by
MOL.com Berhad and  is affiliated with Softbank, Japan, which has an 11.17%
stake in the firm.
	http://www.tcert.com

	ReceiptCity Taps Crosspoint Partner for Board
	?	?	SAN JOSE, Calif. (VENTUREWIRE) -- ReceiptCity, a provider of digital receipt ?services to retailers, said it added Jim Dorrian to its board of directors. ?Mr. Dorrian is a general partner at Crosspoint Venture Partners, which was a ?lead investor in the company's $16.5 million Series B round. He was formerly ?co-founder, chairman, and chief executive officer at Arbor Software, a ?business analysis  software company. ReceiptCity has also received funding ?from Imperial Ventures.?	http://www.receiptcity.com?	?	new people?	??	Ex-Head of Lucent Spinoff Named Pres, CEO of StorageWay?

	FREMONT, Calif. (VENTUREWIRE) -- StorageWay, a managed storage service
utility for Internet-related businesses, said it has appointed J. Kim Fennel
as its new president and CEO, replacing Peter Shambora, who will become
chairman. Mr. Fennel, who has also taken a seat on StorageWay's board of
directors, was most recently a vice president of enterprise communications
applications at Lucent Technologies' spinoff, Avaya. StorageWay is backed by
Matrix Partners, Montreux Equity Partners, Redpoint Ventures, and Worldview
Technology Partners.
	http://www.storageway.com

	Bandwidth Exchange Band-X Names Cable & Wireless Exec CEO
	?	?	NEW YORK (VENTUREWIRE) -- Band-X, an international bandwidth exchange, said ?it appointed Stephen Beynon to chief executive officer. Mr. Beynon is ?currently managing director of the data and business services division of ?Cable & Wireless Optus. Band-X launched an independent virtual market for ?international wholesale telecom capacity in 1997. The exchange provides four ?trading branches: networks, an online exchange for the trading of wholesale ?broadband networks; co-location, a specialist commercial property agency for ?the trading of international telehousing; switched, a facilities-based ?exchange for international voice traffic; and routed IP, an exchange for ?wholesale Internet traffic. Band-X is backed by its founders Goldman Sachs, ?Morgan Stanley Dean Witter, and Madison Dearborn Partners.   ?	http://www.band-x.com?	?	Campus Pipeline Appoints Ex-Ameritrade Head to CEO?

	SALT LAKE CITY (VENTUREWIRE) -- Campus Pipeline, a higher education Internet
technology provider, said it named Thomas K. Lewis Jr. as chief executive
officer, replacing interim CEO Laurie Keating who will resume her position of
executive vice president and general counsel. Mr. Lewis formerly served as
chief executive officer of Ameritrade Holding. Campus Pipeline's Web
platform, helps schools integrate campus communication, academic resources,
administrative services, campus news, distance learning, and all other Web
applications. The company's investors include American Express, Amerindo,
Dell, General Motors, Hewlett-Packard, Inktomi, Lynx Technology, Meritech
Capital Partners, National Discount Brokers, Oak Investment Partners, and
SCT.
	http://www.campuspipeline.com

	E-Health Firm NaviMedix Names Former Kinetra Exec as CEO
	?	?	BOSTON (VENTUREWIRE) -- NaviMedix, a provider of Web applications that aim to ?streamline communication between physician offices and other healthcare ?organizations, said it appointed Tim Hargarten as president and chief ?executive officer, replacing founder William Cowen, who will serve as ?chairman. Mr. Hargarten was formerly founder and chief executive officer of ?Kinetra, which was acquired by Healtheon/WebMD. NaviMedix is funded by Atlas ?Venture Fund, North Bridge Venture Partners, GE Equity, Hearst Business ?Publishing, Coral Ventures, and Internet Healthcare Group.?	http://www.navimedix.com?	?	Marketer MyDrugRep Appoints Sales Exec as First President?

	NEWPORT BEACH, Calif. (VENTUREWIRE) -- MyDrugRep, which operates a
pharmaceutical marketing site on the Web that targets physicians, said it has
named Doug Everson as the company's first president. Mr. Everson was most
recently president and COO of Nelson Professional Sales, a contract sales
firm. MyDrugRep raised $5 million in its Series A round of funding from
Hummer Winblad Venture Partners in May of this year.
	http://www.mydrugrep.com

	Streaming Media Firm Aerocast Announces CEO, Board Members
	?	?	SAN DIEGO, Calif. (VENTUREWIRE) -- Aerocast, a streaming media services firm, ?said Thomas Lynch will be acting president and CEO. Mr. Lynch is also vice ?president and general manager for Motorola's satellite and broadcast network ?unit. Mr. Lynch also sits on the board with Edward Breen, president of ?Motorola's broadband communications sector; Bob Scott, Motorola General ?Councel; John Orr, director of corporate development at Liberty Media; and ?Chris Sophinos, senior vice president of Liberty Satellite and Technology. ?The company announced on Wednesday that it  raised $15 million in its first ?round from Liberty Media and Motorola.   ?	http://www.aerocast.com?	?	vc fund news?	??	Japan's Netyear Group to Start VC Arm and Raise Fund ?

	NEW YORK (VENTUREWIRE) -- Netyear Group, a consulting and incubation company
for Internet businesses related to or started in Japan, said it plans to
establish a venture capital arm and raise a fund next year with a focus on
wireless business-to-business companies. No financial details were available.
The company is headquartered in the Silicon Valley and has offices in New
York and Tokyo. Together with NetAge, an incubation company in which Netyear
holds an equity stake, Netyear Group formed the Bit Valley Association in
February 1999 with the aim of energizing the startup community and
encouraging entrepreneurship in Japan. Some of Netyear's most recent
investments include Bizseek, Socioware, DealTime.com, and Gazooba.
	http://www.netyear.com

	Dresdner Kleinwort Benson Launches $125 Million Japan Fund
	?	?	TOKYO (VENTUREWIRE) -- The private equity division of Dresdner Kleinwort ?Benson (Asia) has launched a fund concentrating on Japanese technology ?startups. The Japan Technology Fund will hold approximately $125 million in ?capital and make initial investments of approximately $5 million. Dresdner ?Bank has invested $25 million in order to  launch of the fund. ?	http://www.dresdnerkb.com?	?	Emit Capital Takes Stake in Turkish Incubator incubaTR?

	NEW YORK (VENTUREWIRE) -- incubaTR, a Turkish business incubator that focuses
on regional technology and Internet startups, said it is partnering with Emit
Capital, a provider of capital, resources, and consultation to early-stage
technology and Internet companies. Emit Capital will take an equity stake in
the company and will make direct investments in select companies being
developed by incubaTR. incubaTR is a division of Superonline, an Internet
service provider in Turkey. Emit Capital was formed in March.
	http://www.emitcapital.com

	vc personnel
	?
	Eastman Kodak Company Names Two to Venture Capital Team
	?	?	ROCHESTER, NY. (VENTUREWIRE) -- Eastman Kodak Company said it has hired two ?directors to serve on its venture capital team. Linda Glisson, who will serve ?as director of the venture division's Venture and Alliances group, joins ?Kodak from Glisson Capital, where she was a principal. William Cockayne, ?former chief technology officer and co-founder of Scout Electromedia, will ?serves as director of the venture division's Incubator Services. The two ?new-hires bring the number of employees in Kodak's venture division to ?nine.     ?	http://www.kodak.com?	?	vw corrections?	??	GreenOrder?

	NEW YORK (VENTUREWIRE) -- An item in yesterday's Venture Wire about additions
to GreenOrder's board misidentified the company's advisory board as its board
of directors. The item also omitted the news that David J. Barram, former
administrator of the General Services Administration and Deputy Secretary of
Commerce, will join the board of directors in December.
	http://www.greenorder.com

	company index
	?	?	Action Sports Network, Aerocast, Asera, Atlas Commerce, Aura Communications, ?AutoMedia.com, Band-X, Beautyjungle.com, Broadband Sports, Brodia, Campus ?Pipeline, ComLinx, DirectCoupons, DirectStuff.com, Eastman Kodak, eHitex, ?Emit Capital, Encore Software, Engyro, Gay.com, GiftCertificates.com, ?govWorks.com, GreenOrder, HotDispatch, i5 Digital, Intuit, J. D. Edwards & ?Company, LegalMatch, MyCoupons, MyDrugRep.com, NaviMedix, OmniCluster ?Technologies, Opion, PitchWare, PlanetOut, Profit Pro, RAW Communications, ?ReceiptCity.com, Restaurantpro.com, Simulus, StorageWay, Tcert, ?TeleCommunications Systems, TheStreet.com, Tridium, Veristar, Whitney & Co., ?Workscape, Wrenchead, Xypoint?	?	?	?	INFINITY IN THE PALM?	?	What Scotch is to tape, what Xerox is to photocopies, what?	Kleenex is to facial tissue, Palm is rapidly becoming to?	handheld computers. Come listen to the man responsible for?	a brand so successful it's getting stuck to his competitor's?	products. Carl Yankowski is the CEO of Palm Computing, and?	he's just one of six keynote speakers at Technology Outlook?	2000. You'll also hear from:?	* Michael Ramsay, CEO of TiVo?	* Henry Yuen, CEO of Gemstar-TV Guide International?	* Claude Leglise, VP, New Business Group & GM, Home?	Products Group, Intel?	* Michel Mayer, GM, Pervasive Computing, IBM?	* Larry Smarr, Professor, Department of Computer Science?	and Engineering, UC San Diego?	?	Technology Outlook 2000: The Future of Pervasive Computing?	December 4 and 5, San Franciscohttp://technologicpartners.com/tp/conf/to2000/?	?	?	investor index?

	ABS Capital Partners, Accel Partners, Ackerley Group, Advent International,
America Online, American Lawyer Media, Avansis Partners, Avatar Capital
Partners, Bank of Singapore, Boulder Ventures, Canaan Partners, Capital
Investors, Capital Z Partners, Catamount Ventures, Coleman Swenson Hoffman
Booth, Commerce One Ventures, CrossBow Ventures, DaimlerChrysler, Deutsche
Banc Alex. Brown, Draper Fisher Jurvetson, Draper Fisher Jurvetson ePlanet
Ventures, ! E.M. Warburg, Pincus & Co., Enron, GE Capital, HIG Capital, HLM
Management, Itochu Corp., kRoad Ventures, MasterCard International, Morgan
Stanley Dean Witter Venture Partners, Motorola Ventures, New Enterprise
Associates, New Enterprise Associates, Raymond James Capital, Rembrandt
Venture Partners, SAP Ventures, Schoffstall Ventures, Science Applications
International, Sun Microsystems, WorldCom Ventures

	Encourage your friends and colleagues to subscribe to VentureWire at
http://venturewire.net/register.asp

	Send news items to editor@venturewire.com

	Send questions, complaints, or service queries to venturewire@venturewire.com

	To change your e-mail address visit our account administration page at
http://venturewire.net

	To unsubscribe send e-mail to listoff@venturewire.com

	This newsletter was mailed to you at:  jdasovic@ENRON.COM

	This copy of VentureWire may be distributed freely, provided that the
distribution is without charge, that the issue is distributed complete and
unaltered, and that all copies retain the Technologic copyright notice.  This
copy of VentureWire and the information within it, however, 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
	, 2000 Technologic Partners
		?


do you guys want to hit el patio early on saturday and get some blue ritas and then head over to uropa?  that would be a good night to go tear it up completely.


Anshuman,

The recommendation has been taken care of.

Vince

	Anshuman Srivastav @ ENRON_DEVELOPMENT

	04/02/2001 07:59:05 PM

To: Vince J Kaminski@ECT
cc:
Subject: Recommendation for Jesse Jones Business School - Rice University

Hi Vince,

Hope this mail finds you well. Sorry to be bothering you with this, but my
application to Rice is due by April 6,2001 and I need to submit all
application material including the recommendations. Request you to kindly
fill in the reco form and have Shirley send the same directly to Rice with a
cover indicating that the same is for me.

I understand that you have a very busy schedule, but would appreciate if you
could fill in this form by the deadline and send the same to the B-School
directly.

I continue to relish the experiences from my visit with the research group
and look forward to working with the group again.

Regards,
Anshuman


No, I don't need one, but thanks for hunting that down!
 -----Original Message-----
From: 	Young, Kay
Sent:	Thursday, September 20, 2001 1:39 PM
To:	Jones, Tana
Subject:	Deutsche Bank

Tana:  The current Net Works ca with Deutsche Bank was filed under "Du".  Sorry about that.  You weren't in your cube so I gave a copy to Mark Greenberg.  Do you need one.?

Kay Young
Legal Specialist
Enron North America Corp.
Ph:   713-853-6794
Fax: 713-646-3393


Nice try, but no.

	Tana Jones
	09/06/2000 04:32 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: (00-315) Arts Club Invitation

Can I attend?
----- Forwarded by Tana Jones/HOU/ECT on 09/06/2000 04:31 PM -----

	exchangeinfo@nymex.com
	09/06/2000 05:19 PM

		 To: tana.jones@enron.com
		 cc:
		 Subject: (00-315) Arts Club Invitation

Notice No. 315

September 6, 2000

The New York Mercantile Exchange requests the pleasure of your company at a
reception at

The Arts Club
40 Dover Street
London W1X 3RB

Sunday, October 8, 2000
6:00 to 8:00 P.M.

R.S.V.P to Helen Wogel
by e-mail: hwogel@nymex.co.uk or
by fax: (0011) 44-20-7734-9411

__________________________________________________
Please click on the link below to indicate you have received this
email.

"
http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdoc
=(00-315)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


PLEASE READ THE FOLLOWING MESSAGE FROM SALLY BECK CONCERNING THE CANCELLATION OF FUTURE EES/EWS PROCESS MEETINGS.

 -----Original Message-----
From: 	Beck, Sally
Sent:	Tuesday, August 14, 2001 9:45 AM
To:	Westbrook, Sharron
Subject:	Suggested text for message on EES meeting

The weekly EES/EWS meeting with Rick Causey, Rick Buy and Dan Leff on Thursdays from 3:00 - 4:00 pm in EB3321 is being revamped to insure that the agenda and format for the meeting are organized to maximize the benefit from these recurring meetings.  In reviewing the availability of key players over the next several weeks and to allow time to create meaningful tracking documents for critical milestones, the Thursday meetings will be cancelled from now through the first week in September.  The meeting will resume beginning Thursday, September 13 from 3:00 to 4:00 and will be held every other week from that point forward.   You will be notified prior to the resumption of these meetings in September if you need to put this on your calendar as a recurring meeting.  The list of attendees is being reviewed, with the possibility of reducing the number of attendees in an effort to utilize people's time wisely and to create an atmosphere for frank dialogue regarding progress.


The ever changing world of Enron

John Lavorato would like to speak to you today.  So Please come to a meeting at 2:30

 -----Original Message-----
From: 	Hall, Bob M
Sent:	Friday, January 11, 2002 1:48 PM
To:	Reeves, Leslie; Gossett, Jeffrey C.; White, Stacey W.; Keiser, Kam; Theriot, Kim S.; Baxter, Bryce; Wynne, Rita; Aucoin, Evelyn; Allen, Thresa A.; Mcclure, Mark; Miroballi, Angelo; Love, Phillip M.; Valdes, John; Severson, Russ; Dhont, Margaret; Winfree, O'Neal D.; Palmer, B. Scott; Giron, Darron C.; Couch, Greg; McLaughlin Jr., Errol
Subject:	Netco meeting today

I know we have moved this meeting already, but since I have very little info ( only what I read on Yahoo!)
I think we should wait till next week to meet.  So I am going to cancel.

I have given Leslie, Jeff , Stacey and Rita,  Enron BUCKS cards.  Make them buy you a drink.

Let me know if you hear anything.

Thanks for you patients and continued understanding.

bob


Hi Tom - this would be good as Ken Lay will not be able to attend next week.
He will be out of the country.

Rosalee

"Siekman, Tom" <Tom.Siekman@COMPAQ.com> on 03/15/2001 10:25:53 AM
To: "Capellas, Michael D." <Michael.Capellas@COMPAQ.com>, "Lawrence T. Babbio
Jr. (E-mail)" <babbio@verizon.com>, "Kenneth L. (Ken) Lay (E-mail)"
<klay@enron.com>, "'Sandy.Litvak@Disney.com'" <Sandy.Litvak@Disney.com>,
"Kenneth (Ken) Roman (E-mail)" <ken.roman@verizon.net>, "Lucie Salhany
(E-mail)" <lucie@jhmedia.com>
cc: "Auwers, Linda" <Linda.Auwers@COMPAQ.com>
Subject: Telephonic Board Meeting

Thank you for making yourself available this afternoon. We want to apprise
you of recent developments and our planned responses.  The regular Board
Meeting is scheduled for next week. This may not be required in view of the
discussions we'll have this afternoon.  We'll confirm this afternoon whether
the Board Meeting is required.


All,
	Tonight we are having the large 'TV' removed from the SE Corner of the floor and the one in the SW corner moved out of the walkway space.

The removal of the large screen is due to how low it hangs and the hazard it presents to people walking in the area.  Since we do not use that screen, and we do not have a good place to put it, we will store it until a suitable use is identified.

The smaller screen will be move North and East about 3 feet to get it out of the walkway.

Regards,

Dave


Does Carol have a sister named Mimi, who is married to a guy named Steve Houston ? There is a guy I work with here who is this guy's (Houston) best friend, and the woman he is married to sounded like Carol's sister. I know it sounds complicated.....

Hope you are faring okay with the recent events.

Andy


Hi Jeff,
Your lamp was picked up by UPS on Friday, November 16. It is traveling UPS
Ground (tracking # 1z 150 x09 03 3938 7453). With the holiday week, I would
expect you'll get it just post-Thanksgiving. Let us know if we can do
anything else. Have a great holiday.
best, Greg
--
Greg Wooten
Patrick Parrish
Mondo Cane
143 West 22nd Street
New York, New York 10011
1.646.486.7616
1.646.486.7615 Fax

> From: Jeffrey.A.Shankman@enron.com
> Date: Mon, 19 Nov 2001 14:23:54 -0600
> To: mondomodern@earthlink.net
> Subject: RE: requested pix from Mondo Cane
>
> Hi guys,
>
> I'd like to get the shipping info on the light fixture so I know when to
> expect it due to the holiday.
>
> See you soon,
>
> Jeff Shankman
>
> -----Original Message-----
> From:   Mondo Cane <mondomodern@earthlink.net>@ENRON
> Sent:   Tuesday, November 13, 2001 4:40 PM
> To:     Shankman, Jeffrey A.
> Subject:  requested pix from Mondo Cane
>
> Hey Jeff: Here are the photos of the James Mont settees and the Gio
> Ponti
> enamel you requested at the Modernism show.
>
> The zigzag lamp is being packed and will be on its way via UPS by
> Thursday,
> and your receipt is in the mail.
>
> Pair James Mont settees:
> Dimensions: 54" w x 32" deep x 26.5" high
> Price: $17,000.00
>
> Gio Ponti for Del Campo enamel:
> Dimensions: 12.5" long x 5" deep x .75" high
> Price: $850.00
>
> Please let us know if you have any questions. Hope we see you again soon
> in
> New York!
>
> Becca
>
> --
> Greg Wooten
> Patrick Parrish
> Mondo Cane
> 143 West 22nd Street
> New York, New York 10011
> 1.646.486.7616
> 1.646.486.7615 Fax
>
>
> - Mont settees 3.JPG copy << File: Mont settees 3.JPG copy >>
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate and
> may contain confidential and privileged material for the sole use of the
> intended recipient (s). Any review, use, distribution or disclosure by others
> is strictly prohibited. If you are not the intended recipient (or authorized
> to receive for the recipient), please contact the sender or reply to Enron
> Corp. at enron.messaging.administration@enron.com and delete all copies of the
> message. This e-mail (and any attachments hereto) are not intended to be an
> offer (or an acceptance) and do not create or evidence a binding and
> enforceable contract between Enron Corp. (or any of its affiliates) and the
> intended recipient or any other party, and may not be relied on by anyone as
> the basis of a contract by estoppel or otherwise. Thank you.
> **********************************************************************


let me know if you get it this time.
----- Forwarded by Jeff Dasovich/NA/Enron on 01/02/2001 07:09 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/02/2001 05:28 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES,
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT
		 Subject: DRAFT of materials for Governor

Greetings:

Attached is the draft.  I've attempted to capture everyone's comments.  The
only piece that is not likely to go this evening is the piece providing
comments on the Governor's specific proposals.  That will likely go first
thing tomorrow morning.  You'll note that only one of the Governor's
proposals currently has any comments attached to it.  Comments on the
Governor's proposals are appreciated.  The remainder of the materials will go
to the Governor's staff later this evening; so any and all comments on those
portions are welcomed and appreciated.  Thanks to all for the assistance,
particularly in light of the holiday.

Best,
Jeff


Teco Tap       60.000 / Enron ;71.250 / HPL Gas Daily


WHO PACKED YOUR PARACHUTE AND DO YOU PACK PARACHUTES????????????
 > >> > > > Charles Plumb was a U.S. Navy jet pilot in Vietnam. After 75
combat
 > > > > missions, his plane was destroyed by a surface-to-air missile.
Plumb

 > > > > ejected and parachuted into enemy hands. He was captured and spent
6

 > > years in a communist Vietnamese prison. He survived the ordeal and now
lectures
 > on lessons learned from that experience.
 > >
 > > > > One day, when Plumb and his wife were sitting in a restaurant, a
man
at
 > > > > another table came up and said, "You're Plumb!
You flew jet fighters in Vietnam from the aircraft carrier Kitty Hawk.
You were shot down!"
 > >
 > > > > "How in the world did you know that?" asked Plumb.
 > >
 > > > > "I packed your parachute," the man replied.
Plumb gasped in surprise and gratitude.
 > >
 > > > > The man pumped his hand and said, "I guess it worked!" Plumb
assured

 > > him, "It sure did. If your chute hadn't worked, I wouldn't be here
today."
 > >
 > > > > Plumb couldn't sleep that night, thinking about that man. Plumb
says,
 > "I kept wondering what he might have looked like in a Navy uniform: a
 > white hat, a bib in the back, and bell-bottom trousers. I wonder how many
 > > times I might have seen him and not even said 'Good morning, how are
you?'
 > or anything because, you see, I was a fighter pilot and he was just a
sailor."
 > >
 > > > > Plumb thought of the many hours the sailor had spent on a long
wooden
 > > > > table in the bowels of the ship, carefully weaving the shrouds and
 > > folding the silks of each chute, holding in his hands each time the
fate
of
 > someone he didn't know.
 > >
 > > > > Now, Plumb asks his audience, "Who's packing your parachute?"
Everyone has someone who provides what they need to make it through the day.

Plumb also points out that he needed many kinds of parachutes when his plane

was shot down over enemy territory-he needed his physical parachute, his
mental
 > > > > parachute, his emotional parachute, and his spiritual parachute. He
called
 > > > > on all these supports before reaching safety.
 > >
 > > > > Sometimes in the daily challenges that life gives us, we miss what
is
 > > > > really important. We may fail to say hello, please, or thank you,
 > > congratulate someone on something wonderful that has happened to them,
give a
 > > > > compliment, or just do something nice for no reason.
 > >
 > > > > As you go through this week, this month, this year, recognize
people
who
 > > > > pack your parachute. I am sending you this as my way of thanking
you

 > for your part in packing my parachute !!! And I hope you will send it on
 > to those who have helped pack yours!
 > >
 > > > > Sometimes, we wonder why friends keep forwarding jokes to us
without

 > > > > writing a word, maybe this could explain:
 > >
 > > > > When you are very busy, but still want to keep in touch, guess what
you
 > > do--- you forward jokes.
 > >
 > > > > And to let you know that you are still remembered, you are still
important, you are still loved, you are still cared for, guess what you get
? --- A forwarded joke.
 > >
 > > > > So my friend, next time if you get a joke, don't think that you've
been
 > > > > sent just another forwarded joke, but that you've been thought of
 > today and your friend on the other end of your computer wanted to send
you
a
 > > smile.

_________________________________________________________________
MSN Photos is the easiest way to share and print your photos:
http://photos.msn.com/support/worldwide.aspx


*  one speaker had to be dragged away from microphone (see red)

PUC Delays Decision on Power Rate Hike

Energy: Panel will discuss a new plan today that would shift more of the
burden to residences from business.

By TIM REITERMAN and MARLA DICKERSON, Times Staff Writers

SAN FRANCISCO--The state's utility regulators delayed a decision Monday on
how to structure a $5-billion electricity rate increase until today, when
they will take up a revised plan that is expected to shift a larger share
onto residential customers.
Assailed by power users and pressured by the governor, the California Public
Utilities Commission said more time was needed to assess the impact on
competing interest groups.

"The problem here is making sure we are allocating [the increase] equitably,"
PUC President Loretta Lynch said after the meeting. That, she said, is
"tricky."

About half the residential customers of the state's two largest utilities
would see increases under Lynch's plan proposed last week.
Bills for Southern California Edison customers who use moderate to heavy
amounts of power would rise about 9% to 60%. Similar customers of Pacific Gas
& Electric Co. would experience increases of about 7% to 40%.

To encourage conservation, Lynch said, she favors moving more of the overall
burden of the increases to residential customers who are moderate users of
electricity. Other commissioners say they believe that such a shift is
necessary to protect the state's business climate.

Consumer advocates voiced concern that the PUC may be yielding to pressure
from industry groups that enjoy relatively low rates but say they are being
hit unfairly with much larger percentage increases than residential customers.

"The fear is the commission is caving in and taking [the increase] off big
[business] customers and putting it on residential users above 130% of
baseline," said Mike Florio, senior attorney for the Utility Reform Network.

The baseline amount on a bill is the minimum of electricity deemed necessary
for a customer and varies by region. Under state legislation, there is no
rate increase for consumption up to 130% of baseline. Also exempted are
low-income customers who already receive discounted electricity rates.

The commission passed an increase of 3 cents a kilowatt hour March 27. In
recent weeks, the panel has been conducting hearings on how to divvy up the
increase among 9 million customers of Edison and PG&E. Monday's meeting was
supposed to climax that process, paving the way for utilities to start
billing customers June 1.

Dozens of speakers addressed the commission, and boisterous protesters in
white coveralls repeatedly criticized the rate increase, chanting: "I ain't
payin' no hike, while they're getting rich from our power rates! Who you
gonna call? Rate Busters!"

One had to be dragged away from the microphone.

To stunned surprise, Lynch later announced that the commission would not vote
on her rate design proposed last week or a similar one proposed by a PUC
administrative law judge.

Lynch revised the plan over the weekend and some commissioners said they had
not yet seen the changes.

The delay means two commissioners will be out of town when the five-member
panel designs the state's largest rate increase ever. Commissioner Richard
Bilas is undergoing a medical procedure in Mendocino County. Commissioner
Henry Duque is traveling to Texas as a director of the National Assn. of
Utilities Commissioners. They said the law permits them to vote by phone as
long as they do it from a publicly accessible place.

Lynch's proposal called for average rate increases of about 20% to 50% for
various classes of customers. But officials said the proposal was being
reviewed after testimony late last week and mounting concerns among some
commissioners that it would hit industry and big commercial customers too
hard, potentially hurting the state's economy.

After his financial advisors reviewed the PUC's proposals, Gov. Gray Davis
put out a statement over the weekend saying his own proposal, including a
slightly smaller rate hike, was better.

"My plan raises sufficient revenues to deal with the problem without putting
an undue burden on California consumers and businesses that might hurt our
economy," he said.

The governor's office last week asked the PUC to "come around," said press
secretary Steve Maviglio. "There are gaps between his proposal and the PUC's."

Carl Wood, one of three Davis appointees on the commission, said that he was
generally comfortable with the Lynch proposal but that "this is a big
decision, and it is not ready" for a vote.

Jeff Brown, another Davis appointee, said he spoke to the governor's office
recently and learned that Davis had two primary concerns about the proposal:
"No. 1 that there be sufficient price signals within the residential class
[to make people conserve], and that the industrials not be walloped and have
some mitigation of the rate increase."

Brown said he would like to see industrial users paying less than the 50%
hike in Lynch's proposal. He said that would mean residents who consume 300%
of their baseline amount would have their rates rise 28% instead of about 15%.

"I want [the proposed amount for industrial customers] to go down somewhat
but can't put all the burden on residentials," he said.

"There are no good answers."

Duque and Bilas, appointees of former Republican Gov. Pete Wilson, expressed
concerns that the rate proposal would further damage the economy.

"Industry is not getting a fair shake," Bilas said. "If you want to achieve
maximum conservation, you put [the increase] where demand is most elastic. It
should be placed on you and me."
Duque said: "I think [industrial users] are getting an undue amount."

Business groups have argued strongly that consumers must endure their fair
share of the pain in order to encourage conservation.

Carl Guardino, president and chief executive of the Silicon Valley
Manufacturing Group, said his group phoned Davis' staff to voice their
opposition to the proposed rate structure.

"We found a receptive audience," he said. "They saw that this [proposed rate
structure] will deeply hinder our economy."
---
Reiterman reported from San Francisco, Dickerson from Los Angeles.

Copyright 2001 Los Angeles Times


>  -----Original Message-----
> From: 	Corey, Paula
> Sent:	Wednesday, November 07, 2001 10:02 AM
> To:	Kaminski, Vince J; Mihura, Brian
> Subject:	FW: COWS
> Sensitivity:	Confidential
>
>
> gentlemen:
>
> for your reading enjoyment
>
> see you at 11:30
>
> p
>  -----Original Message-----
> From: 	Unverzagt, Andy
> Sent:	Wednesday, November 07, 2001 8:29 AM
> To:	Corey, Paula
> Subject:	COWS
> Sensitivity:	Confidential
>
> I think this about sums it up...
>
>  <<Social Studies.doc>>

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************
 - Social Studies.doc


Start Date: 12/19/01; HourAhead hour: 11;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121911.txt


This rider looks good.

	Greg Johnston
	08/10/2000 04:57 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Dan Dietrich/CAL/ECT@ECT
		 Subject: Enron North America Tape Retention Policy

Richard, further to our previous discussions on how we should address Enron
Canada Corp. in the ENA tape retention policy, I have prepared the attached
rider which could be inserted as a separate heading for Enron Canada into the
schedule identifying who has authority to access and approve the listening to
of tapes.  Subject to any comments you might have, I think it works and
properly identifies the parties Rob Milnthorp wants to have such authority
here.

I would think that Lavo is now the other person besides yourself that needs
to approve this.

Cheers.

Greg


Susan:  This report should also be routed to the Argentine traders and, in
Brazil, only Sami Arap (delete Robert George and Andrea Bertone).  Thanks.
Sara

Susan Bailey
02/29/2000 11:19 AM
To: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton/HOU/ECT@ECT,
Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Calo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Nelson/HOU/ECT@ECT
cc:
Subject: Southern Cone Financial Master Agreements Schedule

All,

Attached is the lastest version of the captioned Schedule (dated 3/1/2000).
In order to keep everyone abreast of the financial master agreement
developments in Argentina, this Schedule will be issued monthly on the first
day of every month -- beginning March 1st.


---------------------- Forwarded by Mike Grigsby/HOU/ECT on 11/13/2000 02:27
PM ---------------------------
From: Matthew Lenhart on 11/13/2000 01:39 PM
To: Mike Grigsby/HOU/ECT@ECT
cc:
Subject: Fwd: Election concession & retraction parody. Has good audio also.

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 11/13/2000
01:39 PM ---------------------------
To: Matthew Lenhart/HOU/ECT@ECT
cc:

Subject: Fwd: Election concession & retraction parody. Has good audio also.

---------------------- Forwarded by Ross Prevatt/HOU/ECT on 11/13/2000 01:08
PM ---------------------------

Charles H Otto
11/13/2000 01:03 PM
To: Ross Prevatt/HOU/ECT@ECT
cc:
Subject: Fwd: Election concession & retraction parody. Has good audio also.

---------------------- Forwarded by Charles H Otto/HOU/ECT on 11/13/2000
02:01 PM ---------------------------

Chris Gaskill@ENRON
11/13/2000 12:35 PM
To: Charles H Otto/HOU/ECT@ECT, Tara Piazze/NA/Enron@ENRON
cc:
Subject: Fwd: Election concession & retraction parody. Has good audio also.

---------------------- Forwarded by Chris Gaskill/Corp/Enron on 11/13/2000
12:35 PM ---------------------------

Marc Bir <marc@delphihome.com> on 11/13/2000 12:29:45 PM
To: Chris.Gaskill@enron.com
cc:

Subject: Fwd: Election concession & retraction parody. Has good audio also.

><http://www.mediatrip.com/shows/phone_flash.html
>http://www.mediatrip.com/shows/phone_flash.html


fyi
---------------------- Forwarded by Ryan Siurek/Corp/Enron on 07/26/2000
12:22 PM ---------------------------

Kimberly Scardino
07/25/2000 08:35 PM
To: Ryan Siurek/Corp/Enron@ENRON
cc:

Subject: 00-19

I assume you have the huge EITF write-up (53 paragraphs of background).  Here
is AA's (should we set up a time to talk about game plan on this - I know you
guys had a flurry of activity last quarter):

AA - Arthur Andersen
     Hot Topics
       EITF Action on Derivatives on a Company's Own Shares

EITF Action on Derivatives on a Company's Own Shares

July 21, 2000

At its July 19, 2000 meeting, the Emerging Issues Task Force (EITF)
tentatively resolved how certain settlement features affect accounting for
equity derivative contracts entered into by a company on its own stock.
Specifically, the EITF sketched out a model governing how such features
affect whether the contract should be treated as (a) an equity instrument and
reported in stockholders, equity or (b) an asset or liability at fair value
with changes in fair value reported currently in earnings.

EITF Issue No. 00-19, "Determination of Whether Share Settlement is Within
the Control of the Issuer for Purposes of Applying Issue No. 96-13 ," was
taken up to address implementation of the EITF's March 16, 2000, consensus on
EITF Issue No. 00-7, "Application of EITF Issue No. 96-13 to Equity
Derivative Transactions That Contain Certain Provisions That Require Cash
Settlement If Certain Events Occur ." The final consensus in Issue 00-7
generally stated that equity derivative contracts that contained provisions
that implicitly or explicitly required net cash settlement outside of the
control of the company must be treated as assets and liabilities and carried
at fair value rather than equity instruments carried at original cost and
reported as part of permanent equity as provided for in EITF Issue No. 96-13,
"Accounting for Derivative Financial Instruments Indexed to, and Potentially
Settled in, a Company's Own Stock ."

The Task Force also tentatively provided an extended transition period for
existing contracts and contracts entered into before a final consensus is
reached. The goal is to reach a final consensus at the September 2000 EITF
meeting.

The Model

The model,s governing concept is that, for a contract to be accounted as
permanent equity, the contract's provisions should put the company,s
counterparty in no better position than the company,s common shareholders.
Specifically, the EITF tentatively concluded that contracts in a company,s
own stock, such as written puts or forward purchase contracts, that come
under the scope of Issue 96-13 and have net share settlement provisions that
keep a contract from being classified as an asset or liability must have the
following characteristics * otherwise the contract must be treated as an
asset or liability at fair value with changes in fair value reported
currently in earnings.

The contract must permit the company to settle net in shares, at its option,
in either registered or unregistered shares. (It was determined that the
ability to deliver registered shares was outside of the control of a company.)
The contract must contain an explicit cap on the number of shares to be
delivered in a net share settlement. This cap must exist even if the contract
terminates when the stock price reaches a stated price trigger. (The need for
a cap was determined to be critical in determining whether a company had
sufficient authorized and unissued shares to settle the contract.)
At contract inception and on an ongoing basis, the company must have
sufficient authorized but unissued shares available to settle the contract
considering all other claims on authorized shares for stock options,
convertibles, and other transactions that may require the issuance of stock.
(This requirement was deemed critical as the ability to have a request for
additional authorized shares approved by the shareholders was deemed outside
of the control of the company. In this context, "the company" is defined as
the company's management rather than its management and shareholders.)
There is no requirement in the contract to post collateral at any point in
the contract or for any reason.
There are no required cash payments to the counterparty (true-ups) if the net
shares initially delivered are insufficient to provide the counterparty with
full satisfaction of the amount due. However, true-ups may be included in the
contract if the company only, not the counterparty, can choose whether to
satisfy the true-up in shares or cash and the true-up is subject to the
explicit cap discussed in item 2.
There is no economic penalty in the contract for net share settlement that
would economically compel the company to settle in net cash. (The right to
increase the number of shares delivered based on the fair value differential
between registered shares and unregistered shares was not deemed to be a
penalty.)
There are no provisions in the contract that would indicate the counterparty
had creditor rights, or would otherwise contravene the objective of this
model that the counterparty,s rights would rank no higher than those of a
common shareholder. (Subject to future EITF discussions, it may be possible
to meet this criterion by having a legal letter addressing the issue or a
specific statement of this concept in the contract.)

Related Issues

There was also discussion of the provisions relating to termination and
settlement in the event of a merger or change in control. There was general
support for a position that, as long as the counterparty received the same
choice of compensation as other shareholders (for example, stock for stock,
stock and cash for stock, cash for stock), the fact that the counterparty
might receive cash in such circumstances would not preclude equity treatment
for the contract.

Similarly, in the event of nationalization or liquidation, a net cash
settlement of the same type afforded a common shareholder would not preclude
equity treatment for the contract.

In addition, counterparty rights that did not exceed rights of common
shareholders should be acceptable, for example, rights to sue for damages in
the event of misrepresentations or a breach of warrranties or if a company
simply refused to perform under the contract, as long as a common shareholder
would also have those rights.

With respect to events that would cause a contract that was compliant with
the model at inception to later become noncompliant (for example, because an
acquisition consumed enough authorized shares that otherwise were needed to
satisfy the contract), the EITF concluded that, at the time the contract is
no longer compliant, the fair value of the contract should be transferred
from equity to an asset or liability at fair value with prospective changes
in fair value reported currently in earnings. There would be no immediate
earnings effect at the time of this transfer.

Further, if, at a later date, sufficient shares were authorized to again
satisfy the contract, the carrying amount of the contract (that is, its fair
value) would be transferred back to equity and the contract treated as equity
prospectively to the extent the contract continues to comply with the model.
(The company would not be permitted to reverse the gains and losses in fair
value recognized in earnings during the period the contract was treated as an
asset or liability.)

Transition

The EITF tentatively concluded that all contracts entered into after the date
of a final consensus will have to comply with the model at contract inception
to achieve equity treatment. (The goal is to reach a final consensus at the
September 2000 EITF meeting.) For contracts entered into before the date of a
final consensus, a company will have until June 30, 2001, to modify the
contract to comply with the final consensus.

For example, if a company entered into a contract before the date of the
final consensus, the company will have until June 30, 2001, to obtain any
shareholder authorization of shares needed to satisfy the criteria or to
modify their contract for the other criteria or any EITF changes to the
tentative model.

Since a variety of viewpoints are discussed at Emerging Issues Task Force
(EITF) meetings and it is often difficult to characterize the conclusions,
the following minutes may differ in some respects from the final minutes
available from the Financial Accounting Standards Board (FASB).


----- Forwarded by Sara Shackleton/HOU/ECT on 07/31/2000 06:40 PM -----

	Office of the Chairman@ENRON
	07/31/2000 06:07 PM

		 To: All Enron Worldwide
		 cc:
		 Subject: Organisational Announcement - Introducing Enron Global Markets
 Office of the Chairman
As evidenced by an exceptionally strong performance in the second quarter,
Enron,s wholesale energy businesses in North America and Europe continue to
experience tremendous growth.  The opportunities to continue to grow our
natural gas and power businesses have never been better and it is critical to
Enron,s future success that we remain focused on expanding these businesses
and maintaining the strong momentum we have in these markets.

It is equally important that we continue to develop new businesses outside of
gas and electricity, which can make significant contributions to our earnings
growth.  We have made significant progress in developing these businesses in
North America, Europe, and most recently in our new Net Works business unit.
Included in these global businesses are our efforts in crude and products,
coal, emissions, insurance, currency, equity trading, interest rates, credit
trading, paper and pulp, and metals.

While significant progress has been made in these efforts we need to
accelerate the growth of these new businesses while continuing to
aggressively expand our core gas and electricity businesses in North America
and Europe.  In order to accomplish these two objectives and to capitalize on
the increasingly global opportunities in these new businesses we are today
announcing the formation of a new business unit ) Enron Global Markets.  This
new business unit will focus on markets and commodities which are global in
scope, but outside our traditional gas and power markets.  This new core
business unit will operate in parallel with and in close coordination with
the North American and European businesses.

Enron Global Markets will be headed by Mike McConnell, President and Chief
Executive Officer, and Jeff Shankman, Chief Operating Officer.  They will
report to Mark Frevert who will be Chairman of Enron Global Markets.  Mark,
Mike and Jeff will comprise the Office of the Chairman for Enron Global
Markets.

Included in this new business unit and reporting to the Office of the
Chairman will be the following businesses and their leaders:
- Global Crude and Products:     John Nowlan
- Coal:         George McClellan
- Currency, equities, interest rate and agricultural trading:  Gary Hickerson
- Insurance and weather:      Jere Overdyke

Enron,s metals business and Enron Credit.com will remain the responsibility
of Enron Europe. The Paper and Pulp business will continue to reside in North
America.

With the departure of Mike McConnell from Enron Net Works, we are pleased to
announce the following appointments in that business unit:
- Jeff McMahon: President and Chief Operating Officer
- Louise Kitchen: Chief Commercial Officer
- Philippe Bibi:  Chief Technology Officer

Jeff, Louise and Philippe, along with Greg Whalley,  will comprise the Office
of the Chairman for Enron Net Works.

With Jeff Shankman,s departure from Enron North America,s natural gas
operation, all of Jeff,s direct reports will report to John Lavorato.

We are also pleased to announce the following changes to the Enron North
America Office of the Chairman.  John Lavorato will join the ENA Office of
the Chairman as Chief Operating Officer.  Dave Delainey will assume the role
of President and Chief Executive Officer.  Mark Frevert will retain his role
as Chairman of Enron North America in addition to his role as Chairman of
both Enron Global Markets and Enron Europe.

Please join us in congratulating everyone in their new assignments and in
supporting the new Enron Global Markets organisation.


As a result of the East Texas Plant problem late yesterday, the following is
revised nominations for Eastrans for April 4 & 5:

As of 4:00 pm on 4/4/2000 through 9:00 am on 4/5/2000 nomination:

Deliveries:
0 MMBtu into Eastrans

Redeliveries:
0 MMBtu

Beginning 9;00 am on 4/5/2000 nomination:

Deliveries:
30,000 MMBtu into Eastrans

Redeliveries:
20,000 MMBtu into PG&E
7,800 MMBtu from Fuels Cotton Valley into HPL
2,200 MMBtu into HPL's Carwheel at Carthage
0 MMBtu into Mobil Beaumont at HSC


pls print for me.  thanks  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/08/2001 02:32 PM ---------------------------

"SCIENTECH IssueAlert" <IssueAlert@scientech.com> on 03/08/2001 04:57:43 AM
To:
cc:

Subject:	Problems Mount for Sierra Pacific Resources, Acquisition of Portland General Appears Uncertain

 Today's IssueAlert Sponsors:   [IMAGE]   The CIS Conference
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[IMAGE]

IssueAlert for  March 8, 2001

Problems Mount for Sierra Pacific Resources,
Acquisition of Portland General Appears Uncertain

by Will McNamara
Director, Electric Industry Analysis

The probability appears to be getting smaller that Sierra Pacific Resources (NYSE: SRP) will complete its $3.1 billion acquisition of Portland General Electric (NYSE: PGB) from Enron (NYSE: ENE). Enron disclosed in an 8K filing with the Securities and Exchange Commission (SEC) on Feb. 27 that the sale of Portland General had been delayed because of "recent events" in California and Nevada that affected Sierra Pacific. Walt Higgins, chair and CEO of Sierra Pacific Resources, told Wall Street analysts that the acquisition agreement will terminate if it has not closed by May 1.

Analysis: Yesterday I wrote about the apparent collapse of the merger between Consolidated Edison and Northeast Utilities (NU). Now, another high-profile merger appears to be unraveling. As with the Con Edison / NU deal, the problem facing Sierra Pacific Resources' pending purchase of Portland General from Enron is based in economics. Namely, it appears that Sierra Pacific Resources' recent financial problems have cast doubt on the company's ability to complete its purchase of Portland General. This is not a good development for Sierra Pacific Resources, as the financial and legal implications of this potentially dead acquisition could exacerbate the company's current financial problems.

First, let me provide some background on this deal. The origin of Sierra Pacific Resources' attempt to acquire Portland General date back to November 1999. Enron had purchased the company in 1997 as a strategic move to facilitate its intent to play a major role in the retail markets of California and the Pacific Northwest. At the time, Enron saw itself as a prototype for the future of the energy industry, adding transmission and distribution capabilities as well as more diversified fuel resources to its already successful wholesale marketing core. Stymied by the slow start of competition in California and Oregon, Enron underwent a transformation in its corporate philosophy. Under the growing direction of Jeffrey Skilling, Enron no longer believed that it needed to own hard assets to retain its place in the top tier of energy companies. That philosophy has served Enron well, as its success in nearly all of its business sectors has been well documented.

Yet, Enron's transformation opened the door for Sierra Pacific Resources, a relatively small and regionally based holding company, to move in for a purchase of Portland General. Owning Portland General made more sense for Sierra Pacific Resources than it did for Enron. Portland General, which provides electric service to over 700,000 customers in the Portland-Salem area, was viewed as a good acquisition target as it would help Sierra Pacific Resources to gain scale and a foothold in two fast-growing states (Nevada and Oregon). Sierra Pacific Resources agreed to pay Enron $2.1 billion for Portland General, which included $2.02 billion in cash and assumption of Enron's $80 million merger payment obligation. In addition, Sierra Pacific Resources agreed to assume $1 billion in Portland General debt and preferred stock, taking the total value of the purchase to $3.1 billion. Portland General appeared happy with the scheduled sale from Enron, acknowledging that its own core business "delivering safe and reliable power with a customer service focus" was more in line with Sierra Pacific Resources.

However, a number of economic factors on Sierra Pacific Resources' side of the table seem to be thwarting this acquisition. As I discussed in the Feb. 22 IssueAlert (available at www.consultrci.com), Sierra Pacific Resources reported a significant fourth-quarter loss ($18.2 million) as a result of soaring costs of power in the western United States. The company incurred losses as a direct result of "the growing and unrecovered cost of purchased power in the volatile wholesale market." As a result, Sierra Pacific Resources filed with state regulators for an emergency rate increase. "Without some rate relief, the cost of fuel and power is close to crippling our ability to serve the needs of our customers," said Mark Ruelle, the company's chief financial officer. The company attributed the latest quarter's loss to nearly $258 million of unanticipated fuel and purchased power costs.

Specifically, Sierra Pacific Resources reported a 4Q 2000 loss of $18.2 million, or 23 cents a share. This compared with a profit of $26.8 million, or 39 cents a share, excluding a $56 million deferred energy write-off a year ago. Including the write-off, the company reported a loss of $29.2 million, or 42 cents a share, in 4Q 1999. For year-end 2000, the company reported a net loss of $39.8 million or 51 cents per share, a 177-percent drop from 1999.

In addition, the company's stock has fallen steadily over the last few weeks (at one point, dropping 11.8 percent to $10.80 on the New York Stock Exchange Feb. 7). At the close of trading on March 7, shares of Sierra Pacific Resources were priced at $13.80, which is still down from its 52-week high of $19.43 and book value of $17.82. The drop in stock price could make it difficult for Sierra Pacific Resources to secure the financing necessary to complete the purchase of Portland General.

Meanwhile, Sierra Pacific Resources' available cash flow could be impacted by possible restrictions placed on the sale of its power plants. The Public Utility Commission of Nevada (PUCN) mandated divestiture as a condition of the 1999 merger between Nevada Power Co. and Sierra Pacific Power Co, which created the holding company Sierra Pacific Resources. Toward that end, the holding company and its wholly owned utility subsidiaries commenced a public auction of approximately 2,900 MW of power generation facilities. Of Sierra Pacific Resources' nine power plants, which are mostly fired by natural gas and coal, seven have been entered into sales agreements to companies such as Dynegy and NRG and will be sold upon final regulatory approval.

However, over the last few weeks, there has been growing concern that Nevada regulators would not approve pending sales or authorize the sale of additional power plants by Sierra Pacific Resources, thus preventing the company from using the proceeds to pay for the acquisition of Portland General. Perhaps out of fears about depleting the Nevada's power supply, the Attorney General's Bureau of Consumer Protection, the Southern Nevada Water Authority and the AFL-CIO have urged that the sale of the plants be delayed or canceled. Further, Nevada Governor Kenny Guinn has called on the PUCN to reconsider the 1999 order that required Sierra Pacific Resources to sell the plants owned by its two utilities, Nevada Power and Sierra Pacific Power. Any available cash that Sierra Pacific Resources was planning to use from the power plant sales to support its acquisition of Portland General may not materialize if the sales agreements are delayed or terminated.

Ironically, Nevada Power and Sierra Pacific Power Co. just received approval from the PUCN to secure $1.4 billion in bank loans, bond financing and preferred securities. However, due to agreements that the utilities previously made, none of the borrowed money may be used, directly or indirectly, to financially support its parent's acquisition of Portland General.

Thus, Sierra Pacific Resources seems to be between a rock and a hard place regarding this purchase, which it apparently still wants to complete. It would appear that Sierra Pacific Resources will have difficulty financing the purchase of Portland General due to the combination of its significant financial losses, plunging stock prices and possible restrictions against the sale of its power plants. Presumably, these are the "recent events" to which Enron referred in its SEC filing.

It is fairly clear that Enron no longer wishes to own Portland General and believes that the company does not fit into its strategy for continuing growth. What remains in question, however, is what will happen if Sierra Pacific Resources' pending acquisition is not completed by the May 1 deadline, thus terminating the sales agreement. The problems associated with the Con Edison / NU merger are leading to litigation. One can't help but think that lawsuits would be inevitable in the Enron / Portland General / Sierra Pacific Resources case as well, as Enron presumably would seek to be compensated in some way for the $3.1 billion that the deal includes.

Further complicating matters for Sierra Pacific Resources is a growing movement to municipalize the electric markets in Las Vegas and Henderson, Nev. On Jan. 11, the Southern Nevada Water Authority suggested that the agency could become a public power authority. Pat Mulroy, general manager of the water authority, recommended that the agency buy power on wholesale markets and possibly generate electricity from some of its own power plants to serve cities in the area. Efforts to municipalize electric systems in the southern half of the state could potentially gain momentum if Sierra Pacific Resources' financial problems worsen.

An archive list of previous IssueAlerts is available at
www.ConsultRCI.com

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Dear Sir;
Forgot to include the FO-consumption in my previous msg. It is
included now.Based on 0.22% BOG.

Dear Sir;
Have service men onboard which will be sent ashore in Algeciras,
Spain where we also will be taking some store and provision. I
estimate the time for this to approx 12 hours.
Taking this into consideration, I have the following answer to your
questions below:

1) Full charter speed 17.5 kn: 7th June 0600 LT
2) Same as above, 17.5 knots (47.5 mt/day=TOTAL 760 mt)
3) 16.2 knots (30 mt/day=TOTAL 519 mt)
4) 14.9 knots (14 mt/day=TOTAL 263.2 mt)

Brgds Knut Bentzr?d
Master LNG/C "Hoegh Galleon"

Capt. Bentzrod-
Hope all is well for you.  Please provide the following information
at your
earliest convenience:
1) ETA to Lake Charles if ship were to proceede at full speed for the
remainder of the trip.
2) What average speed would be necessary to arrive at Lake Charles
buoy at
06:00 on June 7.
3) What average speed would be necessary to arrive at Lake Charles
buoy at
06:00 on June 8.
4) What average speed would be necessary to arrive at Lake Charles
buoy at
06:00 on June 9.

For each of the above scenarios, also please include an estimate of
the
amount of fuel oil that would be used.

Thank you,
Dan Masters
 -----Original Message-----
   From:   "LNG/C Hoegh Galleon - Master"
<master.amar@hoegh.no>@ENRON
             [mailto:IMCEANOTES-+22LNG_C+20Hoegh+20Galleon+20-
+20Master+22+20+3Cmaster+2Eamar+40hoegh+2Eno+3E+40ENRON@ENRON.c om]

   Sent:   Monday, May 21, 2001 12:58 PM
   To:     Masters, Dan; Galt, Tony; Perry, Wayne; Fernie, Jim;
Y'Barbo,
             Paul; Kvammen, Kjell - LHS-GAS
   Subject:  DEPARTURE FROM PORT SAID

   21 MAY 2030 FAOSP

   ROB: FO: 3139,35 MT
   GO: 127 MT
   FW: 184  MT

   Brgds Knut Bentzr?d
   Master LNG/C "Hoegh Galleon"

   E-mail: master.gall@hoegh.no
   Teleph: Inmarsat tel.no.+873 330853910
   Fax   : Inmarsat fax no.+873 330853913
   Telex : Inmarsat B telex no.+583 330853915
   Telex : Inmarsat C telex no.+583 430853910 (24hrs.watch)


Susan:
Please ask Sara about this.
Carol

	Susan Flynn
	06/21/2000 02:04 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
		 Subject: TSS130 CLIENT CONTRACT CONFIRMATION

 Carol can you review the email below and advise me on how to resppsond?
Thank you!

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490
----- Forwarded by Susan Flynn/HOU/ECT on 06/21/2000 02:02 PM -----

	Larry Joe Hunter
	06/21/2000 01:45 PM

		 To: Susan Flynn/HOU/ECT@ECT
		 cc:
		 Subject: TSS130 CLIENT CONTRACT CONFIRMATION

Susan,

The below e-mail/Telex was sent to our Trading desk as MG's Confirmation for
a Copper Transaction we have traded with them.  Per the desks instructions I
have not sent our form of Confirmation for several reasons as follows:

1) Trader wrote on ticket that MG was to Confirm the Transactions
2) We were unsure of MG's Legal entity name
3) No contact @ MG

My question for you is are we going to accept this as a form of Confirmation?

Thanks,
Joe

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 06/21/2000
01:40 PM ---------------------------

John Swinney
06/21/2000 01:31 PM
To: Larry Joe Hunter/HOU/ECT@ECT
cc:
Subject: TSS130 CLIENT CONTRACT CONFIRMATION

---------------------- Forwarded by John Swinney/HOU/ECT on 06/21/2000 01:32
PM ---------------------------

Lloyd Fleming
06/20/2000 12:41 PM
To: John Swinney/HOU/ECT@ECT, Eric Gadd/LON/ECT@ECT, Esther
Gerratt/LON/ECT@ECT
cc:
Subject: TSS130 CLIENT CONTRACT CONFIRMATION

---------------------- Forwarded by Lloyd Fleming/LON/ECT on 20/06/2000 18:41
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  tlxopr@mgltd.com                           20/06/2000 18:33

Please respond to tlxopr@mgltd.com
To: lloyd.fleming@enron.com
cc:

Subject: TSS130 CLIENT CONTRACT CONFIRMATION

From: Metallgesellschaft Ltd. London         20-JUN-00 17:32 T1676038
Attn: DEALERS

Herewith copy of telex/fax sent to
ENOT

Quote

HEREWITH BUSINESS TRANSACTED FOR ACCOUNT ENOT

We confirm having sold to you at 12:30 on 20/06/00
a call option with a strike Price of 1,800.00 USD per tonne
on 15,000 tonnes of COPPER GRADE 'A'
at a premium of 97.00 USD per tonne
to be declared in our office not later than 11:10 london time on
6/12/00
Prompt 20/12/00
premium which totals 1,455,000.00 USD payable before close of london
banking hours on 21/06/00
Our reference: 1601604 / JAG

Thanks and regards
Metallgesellschaft Ltd

Unquote

Thanks and regards
Metallgesellschaft Ltd


I wanted to introduce myself and let you know that the Portland West Desk has
a new person in Deal Control. I'm sure you know from working with Carla
Hoffman that the position requires quite a bit of communication with your
group regarding Enpower program development; so if there is anything I can do
to facilitate the speed or success of your tasks, please let me know.

The first Enpower question I have is regarding the Enron Online Report.
Apparently Carla had requested a few changes, which were then put into a
stage version of the program. I'm wondering if we can get that report into
production, and more importantly, if we can make a few more minor changes to
it. Right now I'm running reports by logging on as Carla, which is fine, but
eventually we'd like to see the EOL report up and running for everyone to use.

I know that Carla and Nicolay have worked on it in the past, and I think it
would be relevant to talk with them about issues and obstacles they found in
the report. I look forward to meeting you (via telephone or otherwise!).

Thanks,
Kate