?
?	VentureWire
	Wednesday, June 06, 2001		?
?	CONTENTS | COMPANIES | INVESTORS | ADVERTISE | TELL A FRIEND	VentureWire Index
		'VentureWire
		today: 679.6 ? +2.16%	?
?

		top stories

		  Napster Closes Licensing Deal With MusicNet
		  CEO Of Comdisco Ventures Resigns As Unit Winds Down
		  Charter Growth Capital Changes Name to Focus Ventures
		  Movaz Signs Up $62M Equity and Debt in Second Round

		TODAY'S FEATURES
		Alien Technology in Talks for Fortune 500 Backing
		By Michelle Tsai
		Alien Technology, which has developed a novel technology for packaging
integrated circuits, has been holding talks with Fortune 500 products and
packaging companies as it looks for strategic partners as part of its
upcoming $40 million round, according to company CFO John Hemingway. more>>
		UPCOMING EVENTS
		June 26-27: San Francisco
		Enterprise Outlook 2001
		Over $2 billion invested in enterprise software so far this year! Click here
and hear Dick Shaffer's interview with ON24 discussing analysis of this
industry and previewing the upcoming Enterprise Outlook. Only 3 weeks until
Enterprise Outlook, so register today!

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

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

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

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

		new money

		  InsureZone Secures $8.2M Round One from Buena Venture
		  M&A Research Firm Mergermarket Raises $4.2M Round One
		  Motorola Makes Strategic Investment in Epicentric
		  Professional Sourcing Firm Efficio Gets $1M in Seed Funding
		  Clustra Gets $3M in Series B From Sun Microsystems
		  Dutch Drug Discovery Firm Screentec Gets $5.5M Round One
		  Medical Devices Firm AtriCure Gets $5 Million Round One
		  MEMS Devices Manufacturer Verimetra Closes Series A
		  Networking Firm OmniCluster Gets $4M More in Series A
		  e-Business Provider DataCert Raises $5 Million Series B
		  Project Time & Cost Raises Second Round Funding
		  Clickmarks Lands Series C Funding from Protege
		  Net Infrastructure Firm Urbanpixel Closes Series B
		  Pirelli Invests $12M in Network Equipment Firm Alloptic
		  Vibration Technology Stirs Up $1.4M in Round Three
		  e-Commerce Solutions Raises $4 Million Fifth Round
		  GotMarketing Gets $3 Million in Round Three
		  Mobile App Firm FolloWAP Gets $2M from Mustang Ventures

		bad news

		  E-Commerce Services Firm WhatsHotNow.com Closes
		  B2B E-Commerce Services Firm Hologix Shutting Down
		  Streaming Media Ad Services Firm Hiwire Cuts 17
		  With No Buyer in Sight, TerraShare Shuts Down
		  Ditto.com Ceases Operations, Plans To Sell Remaining Assets
		  The Dock Shuts Down After Failing to Find Funding
		  MetaTV Acknowledges Charges Against CEO

		new products

		  eToll Charges Ahead Under New Name FastForward
		  AmEx & Others Launch Intranet Portal Firm Workadia

		m&a

		  Messaging SoftwareFirm SetNet Buys Selfswitch
		  Torque Systems Acquires Graphics ISP Digital Art Exchange
		  Omnicom Group Acquires Consulting Firm Wolff Olins
		  Employment Wizard Merges with CareerSite

		new directors

		  AT&T Broadband Exec Joins Into Networks Board
		  Proceler Appoints Informatica Head to Board

		new people

		  Blackboard Names Ex-Prometric Thomson CEO as Pres., COO
		 Alerts Hires Within; Replaces Co-Founder in Pres. & CEO Role
		  Transaction Monitoring Provider Xtremesoft Appoints New Head
		  Ellipsus Systems Names Connect Things Execs to Top Posts
		  Global Metro Promotes from Within for First CEO Appointment

		vc personnel

		  Conning Capital Names Ex-Progressive Exec as Partner
		  Newbury Ventures Adds Two Venture Partners

		vw corrections

		  Optium
		  iWitness

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

		top

		This year to date, over $750 million has been
		invested in private equity deals in the financial
		services sector (source: VentureWire). In this age
		of liquidation preference provisions and
		retroactive repricings, that's a strong
		performance. Financial Services Outlook allows
		you a unique insight into where the investment strength
		in this market lies, and which private companies are leading
		the strongest sectors of the financial technology
		and solutions market.

		Register before June 19 and SAVE
$100:http://www.financialservicesoutlook.com/register.asp

		 top stories
		?
		Napster Closes Licensing Deal With MusicNet
		 mail? top

		 SEATTLE (VENTUREWIRE) -- Napster, the music file-sharing service, has said
it will join the digital distribution platform, MusicNet, an online
subscription music venture backed by RealNetworks as well as major record
labels AOL Time Warner, EMI Group, and Bertelsmann. Through the agreement
MusicNet will license its technology and music catalog to Napster which will
sell the music as a subscription-based service under its own brand. MusicNet,
which will launch later this year, offers the music catalogs of its record
label backers. Napster still must satisfy the legal and security requirements
imposed on it after losing a copyright infringement suit earlier this year.
AOL Time Warner and EMI were among the parties that brought the suit. Napster
is backed by investors including Bertelsmann and Hummer Winblad Venture
Partners.
		http://www.musicnet.com
		http://www.napster.com

		CEO Of Comdisco Ventures Resigns As Unit Winds Down
		 mail? top

		 ROSEMONT, Ill. (VENTUREWIRE) -- James P. Labe, the CEO of Comdisco Ventures,
has resigned, as the troubled company's venture capital unit apparently winds
down, VentureWire has learned. A spokesperson for the Rosemont, Ill.-based
parent company confirmed that Mr. Labe left within the last month, as well as
earlier reports of layoffs within Comdisco Ventures. Mr. Labe, who served
with Equitec Financial Group before joining Comdisco, founded Comdisco
Ventures in 1987.  His resignation comes as the parent technology services
firm is undergoing a large restructuring, including layoffs of up to 10% of
its North American workforce, and has retained McKinsey & Co. and Goldman
Sachs to help it evaluate its future. Most of those layoffs have occurred at
its corporate headquarters. Comdisco also cut 15% of Comdisco Ventures'
staff, which was first reported by the Chicago Tribune. The venture unit
stopped making new investments in January. When contacted, Comdisco Ventures
said it was focused on its current portfolio and declined to comment further,
saying it would be &inappropriate8 to do so. Comdisco at one time considered
issuing a separate tracking stock for its venture unit, which began as a
lease financing arm but moved heavily into venture capital investing in
recent years. Comdisco reported an operating loss of $8 million and a net
loss of $54 million for its second quarter. It also had to write off several
investments from the venture unit. &We believe the charges taken with respect
to Comdisco Ventures were necessary given the recent and rapid decline in the
economic environment for venture capital-backed companies,8 the company said
in a statement last month. Comdisco Ventures portfolio companies include
Everypath, a San Jose, Calif. company that provides a mobile application
platform; Homes.com, a Menlo Park, Calif.-based provider of marketing and
productivity applications for real estate companies that filed for Chapter 11
bankruptcy protection in March; Mobilocity, a New York-based professional
services firm focused on remote computing; Optical Solutions, a Minneapolis
provider of fiber optic voice, video, and data technology; and Pirus
Networks, an Acton, Mass.-based IP storage networking company.
		http://www.comdisco.com

		Charter Growth Capital Changes Name to Focus Ventures
		 mail? top

		 PALO ALTO, Calif. (VENTUREWIRE) -- Charter Growth Capital, a venture capital
firm that  invests in expansion-stage communications and software companies,
announced it has changed its name to Focus Ventures. The new name
differentiates Focus Ventures from Charter Venture Capital, an early-stage
venture capital firm under the holding company Charter Group. Although Focus
Ventures had no legal relationship with Charter Group as Charter Growth
Capital, a spokesperson said the firm had and continues to have a working
relationship with Charter Group. Focus Ventures and Charter Venture Capital
have limited partners in common. Charter Growth Capital has also changed the
names of its two funds to Focus Ventures I and II. No change in investment
strategy or staff accompanies the name changes. Roughly $200 million of the
$465 million Focus Ventures II fund has been committed, according to general
partner, George H. Bischof. Of the 32 companies in the second fund, "several"
are poised to go public when market conditions improve, and seven will seek
further financing this year, he said. One dot-com from the fund has shut
down. Focus Ventures expects to make between 15 and 25 new investments over
the next 12 months from its second fund, according to Mr. Bischof. Each
company typically receives between $7.5 million and $10 million in total. The
pace of investment at Focus Ventures has slowed to five investments in the
first quarter this year, said Mr. Bischof. In prior quarters the firm did
eight to 10 such deals. The pace will likely slow even more for the second
quarter, but is expected to pick up again in the third quarter, he said. Mr.
Bischof said Focus Ventures would likely be in the market for its third fund
in early- or mid-2002, but declined to indicate fund size. Focus Ventures
raised $106 million for a first fund in 1997 and a second fund closed in
December 1999 at $465 million. The firm has five general partners, four
associates, and a finance manager.
		http://www.focusventures.com

		Movaz Signs Up $62M Equity and Debt in Second Round
		mail? top

		 NORCROSS, Ga. (VENTUREWIRE) -- Movaz Networks, which develops optical switch
and routing products, said it closed $62 million in second-round funding,
with $52 million in equity and $10 million in debt financing. Meritech
Capital Partners, Menlo Ventures, Oak Investment Partners, Silicon Valley
Bank, and Worldview Technology Partners are providing the equity financing.
Silicon Valley Bank led the debt financing with GATX Ventures. New investor
Oak Investment Partners led the equity round, which also included new
investors Meritech and Silicon Valley Bank. Movaz said the funding would be
used for full-scale production of its integrated software package for
telecommunications networks. After introducing its product line at the
SuperComm conference in Atlanta this week, Movaz plans on commercially
launching it in the third quarter. Movax previously raised $30 million in
September 2000 from Menlo Ventures and World Technology Partners.
		http://www.movaz.com

		 new money
		?
		InsureZone Secures $8.2M Round One from Buena Venture
		 mail? top

		 FORT WORTH, Texas (VENTUREWIRE) -- InsureZone, which provides an online
insurance marketplace, said it has secured $8.2 million in first-round
funding from Buena Venture Associates. Post-money, InsureZone is valued at
approximately $76 million. About two-thirds of the new funding, or $5.6
million, is earmarked for technology development, with the remainder of the
funds dedicated to working capital. President and CEO J. Russell Reid expects
the new funds to carry the company to profitability by the fourth quarter of
this year. InsureZone was launched in April 1999 as a wholly owned subsidiary
of business-to-business provider Lexica, a portfolio company of Buena Venture
Associates. In July 2000 the company merged with insurance broker
Higginbotham & Associates and has received operational support in the form of
debt financing from Buena Venture from the time of the merger until this
round. InsureZone is currently raising a second round, between $5 million and
$10 million, to close by fall.
		http://www.insurezone.com

		M&A Research Firm Mergermarket Raises $4.2M Round One
		 mail? top

		 LONDON (VENTUREWIRE) -- Mergermarket, an Internet publisher of mergers and
acquisitions research for advisers and corporations, announced it has raised
a GBP 3 million ($4.2 million) first round from new investor ProVen Private
Equity and NewMedia Spark, a previous investor. Mergermarket was valued at
$12.1 million post-money in this round, up from $2.8 million when the company
raised $990,000 in seed funding. Mergermarket said it will use the funding to
consolidate its position in Europe, expand U.S. activities, and take
advantage of publishing opportunities online and with traditional methods.
Mergermarket, which was founded in January 2000, has 33 employees and
operations in the U.K., Germany, and the U.S. Regent Associates, a corporate
finance adviser for technology companies, advised Mergermarket in this round.
		http://www.mergermarket.com

		Motorola Makes Strategic Investment in Epicentric
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Epicentric, a provider of portal-platform
software and services for e-business networks, said it received an
undisclosed "significant" equity investment from Motorola Ventures, the
strategic capital arm of Motorola and a customer and partner of Epicentric.
The investment is part of a follow-on to Epicentric's $41 million Series D
round of funding it announced in March. Vincent Fleming, CFO of Epicentric,
said the company will use the funding to support its services and reach
profitability by the end of the year. Motorola will receive observer rights
on Epicentric's board of directors. Mr. Fleming said the company will close
its Series D round by the end of the year with under $50 million. Epicentric
has raised more than $81 million to date from Autodesk Ventures, Bowman
Capital Management, Capital Research Management, Chase Capital Partners, Dain
Rauscher Wessels, Essex Investment Management, Information Access Technology,
Innovacom, Interactive Minds Ventures, J.P. Morgan Capital, New Vista
Capital, Putnam Investments, Reuters, Sandler Capital Management, and U.S.
Bancorp Piper Jaffray Ventures.
		http://www.epicentric.com

		Professional Sourcing Firm Efficio Gets $1M in Seed Funding
		 mail? top

		 LONDON (VENTUREWIRE) -- Efficio, a professional sourcing network for
nonproduction materials and services and for Internet-based tools to help
midsize and larger corporations reduce operating costs, said it has secured
$1 million in seed funding from Corven Ventures, the investment arm of Corven
Group. Gautam Singh of Corven will take a seat on Efficio's board of
directors. Efficio, which focuses on indirect materials and services such as
telecommunications, travel, office supplies, and utilities, was founded last
summer by a team of former A T Keraney senior consultants, and is headed by
CEO Jens Pederson. The company, which has offices in the U.K. and Germany,
said it plans to expand across Europe over the next two years.
		http://www.efficio.com

		Clustra Gets $3M in Series B From Sun Microsystems
		 mail? top

		 OAKLAND, Calif. (VENTUREWIRE) -- Clustra Systems, which provides software
database systems, announced it has received $3 million from Sun Microsystems
as part of Series B funding. With the funding from Sun, the Series B now
totals $22 million and post-money valuation is approximately $60 million.
Sun, a new investor, participated in the round under the terms set by Clarity
Capital. Mustang Ventures, VantagePoint Venture Partners, and Telesystem-Argo
Global Capital also contributed to the round. Rick Cattell of Sun
Microsystems gains an observer seat on the board as a result of the funding.
CEO Gary Ebersole said Series B financing will last into the middle of 2002.
The company will likely raise between $20 million and $30 million in a
mezzanine round in the first half of 2002, with an eye toward filing for an
IPO in the first half of 2003, he said. Clustra has raised a total of $32
million from Clarity Capital,  Mustang Ventures, Sun Microsystems,
Telesystem-Argo Global Capital, and VantagePoint Venture Partners.
		http://www.clustra.com

		Dutch Drug Discovery Firm Screentec Gets $5.5M Round One
		 mail? top

		 LEIDEN, Netherlands (VENTUREWIRE) -- Screentec, a developer of
drug-discovery technologies based on integrated biomolecular screening and
chemical analysis, said that it received EUR 6.5 million ($5.5 million) in
first-round funding from Alafi Capital, Life Sciences Partners, and Prelude
Trust. Life Sciences Partners led this round. Prelude Trust participated with
an investment of $2.7 million. Post-money, Screentec has a valuation of
approximately $12.7 million. As a result of this financing, Andy Allars of
Prelude Trust and Mark Wegter of Life Sciences Partners have taken seats on
Screentec's four-member board of directors. The company said it plans to
dedicate the funding to product development and expects it to last about two
years, with another round of financing anticipated before the company reaches
profitability. Prior to this round Screentec received strategic backing from
pharmaceutical firm Bayer.
		http://www.screentec.nl

		Medical Devices Firm AtriCure Gets $5 Million Round One
		 mail? top

		 CINCINNATI (VENTUREWIRE) -- AtriCure, a developer of medical devices, said
it raised $5 million in first-round funding from Charter Venture Group,
Partisan Management Group, and U.S. Venture Partners. U. S. Venture Partners,
a new investor, led the round. The company expects to launch its product, a
minimally invasive technology to treat atrial fibrillation, next year.
		http://www.atricure.com

		MEMS Devices Manufacturer Verimetra Closes Series A
		 mail? top

		 PITTSBURGH (VENTUREWIRE) -- Verimetra, which manufactures devices using
micro electro mechanical systems (MEMS), said it closed its Series A at an
undisclosed amount with funding from Venture Beginnings, Pittsburgh Gateways,
and private investors. The company reports that its burn rate is $37,000 a
month, and it expects to break even by the end of 2003. It anticipates under
$1 million in revenues this year. The company said that the money will be
used to increase manufacturing capabilities and to increase its technical
staff. An undisclosed private investor will become the fifth member of the
board of directors. The company was founded in January 2001 by chief
technology officer, Kyle Lebouitz, and president and CEO, Michele Migliuolo.
Mr. Migliuolo said he will begin raising a Series B in August. He hopes to
close it by the end of the year.
		http://www.verimetra.com

		Networking Firm OmniCluster Gets $4M More in Series A
		 mail? top

		 BOCA RATON, Fla. (VENTUREWIRE) -- OmniCluster Technologies, a provider of
hardware and software designed to create clustered server systems within
standard host servers, said that it has received approximately $4 million in
additional Series A funding from Mellon Ventures and unnamed individuals.
This investment brings OmniCluster's first-round financing to $10 million.
HIG Capital led the round with participation from Crossbow Ventures. CEO
Chris Fleck said he anticipates that this round will carry the company
through to 2002, with an eye to profitability by 2003. The company plans to
dedicate the new funding to product development as well as sales and
marketing.OmniCluster is currently shipping product. As a result of this
financing, Max Chee, vice president of Mellon Ventures, has been granted a
seat on the company's board of directors. Prior to this round the company
received backing from IBM and unnamed individuals. The company expects to
seek $10 million to $15 million in Series B within a year.
		http://www.omnicluster.com

		e-Business Provider DataCert Raises $5 Million Series B
		 mail? top

		 HOUSTON (VENTUREWIRE) -- DataCert, a provider of e-business services for the
secure exchange of information between trading partners and applications,
said that it raised $5 million in Series B funding from Kestrel Document
Services, Palmetto Partners, UPS, and unnamed individuals. Palmetto Partners,
a new investor, led the round. Post-money, the company is valued at
approximately $22 million. DataCert plans to dedicate the funding to product
development as well as sales and marketing. Citing an "ever diminishing"
monthly burn rate currently set at $200,000, DataCert president and CEO Eric
M. Elfman is eyeing profitability by the first half of next year. As a result
of this financing, Don Schad, an officer with Kestral Document Services, will
represent the Series B investors on the company's six-member board of
directors. Currently, DataCert's services are geared toward the legal
industry but the company plans to expand into the insurance and healthcare
markets by 2002. In July 2000, DataCert secured $2.2 million in Series A
capital from UPS and unnamed individuals. The company anticipates raising one
more round of funding, north of $10 million, by the middle of next year.
		http://www.datacert.com

		Project Time & Cost Raises Second Round Funding
		 mail? top

		 ATLANTA (VENTUREWIRE) -- Project Time & Cost, an insurance services firm and
parent company of ptc-NET, said it raised an undisclosed amount in
second-round funding from GSC Partners. It also said it appointed Clint
Owings as the new chairman for ptc-NET, which is a direct repair service for
light-commercial and homeowner claims. The company said the funding will be
used to develop methods to make homeowner claims more effective and
efficient. Mr. Owings formerly served as president of ptc-NET and has been
with Project Time & Cost since 1991, holding various positions, including
senior cost engineer and executive vice president before his promotion to
president of ptc-NET in 1999.
		http://www.ptcinc.com

		Clickmarks Lands Series C Funding from Protege
		 mail? top

		 FREMONT, Calif. (VENTUREWIRE) -- Clickmarks, which provides software
infrastructure for enterprises and wireless carriers, announced it has
received a strategic investment from Protege Group, an investment firm and
incubator. The amount invested was undisclosed. Funds from new investor
Protege are part of Series C financing, which initially closed just under $11
million in February. Draper Fisher Jurvetson ePlanet Ventures led the round,
with participation from undisclosed corporate and institutional investors.
With a burn rate of less than $1 million a month, the company expects to
break even in the second quarter of 2002, CEO John Huyett said. Revenues this
year are expected to total more than $5 million, up from $2 million in 2000,
Mr. Huyett said. Protege will provide Clickmarks with sales offices in
London, Munich, and Paris. European sales currently account for about a
quarter of company revenues, and are expected to comprise up to 40% of
revenues in the next 18 months. Clickmarks may raise a round of strategic
financing in 2002, according to Mr. Huyett. The company has raised
approximately $20 million to date from Draper Fisher Jurvetson ePlanet
Ventures, New Millennium Capital, Protege R.B. Webber and Co., Refco Group,
and Silver Lake Venture Partners.
		http://www.clickmarks.com

		Net Infrastructure Firm Urbanpixel Closes Series B
		 mail? top

		 GRANDVILLE, Mich. (VENTUREWIRE) -- Urbanpixel, a provider of enterprise
applications for visualizing and organizing information, announced it has
received Series B funding from XR Ventures, the strategic venture capital
group for X-Rite, and individual investors. The company declined to disclose
the amount it raised. Peter Banks, managing partner at round leader and new
investor XR Ventures, takes the fifth seat on Urbanpixel's board of
directors. The new money will be used for sales and marketing and is expected
to last up to a year. Urbanpixel will begin fundraising in three months to
raise Series C funding, said CEO Ishantha Lokuge. In February 2000, the
company raised an undisclosed amount of Series A funding from The Walter
Group.
		http://www.urbanpixel.com

		Pirelli Invests $12M in Network Equipment Firm Alloptic
		 mail? top

		 LIVERMORE, Calif. (VENTUREWIRE) -- Pirelli Cavi e Sistemi, a publicly traded
company that manufactures telecom and energy cables and systems, said it will
invest $12 million in Alloptic, which provides optical network hardware
equipment, as part of an agreement to co-develop and co-market products. With
this investment, Pirelli acquires a 13.7% stake in Alloptic as well as one
director seat and one observer seat on the Alloptic board. Under the
agreement the companies will co-market products, with Pirelli distributing
products outside North America and Alloptic doing so within North America.
The companies will also jointly develop new optical network hardware
equipment. Prior to the investment from Pirelli, Alloptic had raised
approximately $19.7 million from Blackstone Group, Driehaus Capital, CMS
Partners, GMS Capital Partners, Ohio Valley Venture Fund, and Scientific
Atlanta.
		http://www.alloptic.com
		http://www.pirelli.com

		Vibration Technology Stirs Up $1.4M in Round Three
		 mail? top

		 GLASGOW, Scotland (VENTUREWIRE) -- Vibration Technology, which manufactures
seismic acquisition systems for use in land seismic surveys for oil and gas
companies, has raised GBP 1 million ($1.4 million) in a third round of
financing. Participants in this round were: The Department of Trade and
Industry (DTI); Generics AG; Nova Technology Fund; Yorkshire Fund Managers,
which participated on behalf of British Smaller Technology Companies VCT; and
individual investors. All institutional participants in this round were
first-time investors in Vibration Technology. Lead investor Yorkshire Fund
Managers provided $353,000, Nova Technology Fund contributed $494,000,
private investors $207,000, Generics AG $141,000, and DTI $205,000.
Post-money valuation for Vibration Technology was $4.9 million. Vibration
Technology had raised $847,000 in two prior rounds from Eastern Scotland
Investments: Scottish Technology Fund, which no longer exists and individual
investors. Eastern Scotland Investments did not invest in the third round.
The company said the funding will be used mainly to develop prototype seismic
systems. The company's first products are expected to launch early next year.
Vibration Technology anticipates closing a fourth round in September.  The
company said it has already secured a lead investor and third-round investors
will most likely participate in the new round.
		http://www.vibtech.co.uk

		e-Commerce Solutions Raises $4 Million Fifth Round
		 mail? top

		 STAMFORD, Conn. (VENTUREWIRE) -- e-Commerce Solutions (ECS), which develops
and manages outsourced e-commerce applications and systems, said it has
received $4 million in its fifth round of financing from Connecticut
Innovations and Davenport Capital Ventures. Connecticut Innovations and
Davenport Capital Ventures, both previous investors, co-led the financing,
which was a down round. ECS anticipates that new funds will last until the
end of the year, when the company expects to reach profitability. The company
said it plans to dedicate the new funds to business development as well as
for technology research and development. As a result of this financing, there
were two new appointments to the company's five-member board of directors:
Aron Galinovsky, vice president of operations of Davenport Capital Ventures,
and Peter Longo, managing director of investments of Connecticut Innovations.
		http://www.ecsnetwork.com

		GotMarketing Gets $3 Million in Round Three
		 mail? top

		 CAMPBELL, Calif. (VENTUREWIRE) -- GotMarketing, a developer of Web-based
self-serve e-mail marketing software, said it has closed $3 million in
third-round financing from Celtic House and individual investors. Celtic
House, a minor existing investor, led the round. Prior investors BCE Capital,
Protege, and XDL Intervest did not participate. Company valuation did not
decrease in this round, said CEO Lynda Partner. GotMarketing said Andrew
Waitman, managing general partner at Celtic House, will join its board,
bringing the number of directors to four. The company reserves a fifth seat
for an outside director with extensive marketing experience with small
businesses. The new money will launch the company's suite of e-mail marketing
products, and enable GotMarketing to add to its business development team as
well as to enter into more strategic partnerships. The staff will grow from
40 to approximately 50 by the end of the year, with most additions to the
business development and customer service divisions. GotMarketing said it had
"negligible" revenues in 2000, but expects to break even before the middle of
next year. This third round of financing is expected to be the last, said Ms.
Partner. GotMarketing has raised $9.4 million to date.
		http://www.gotmarketing.com

		Mobile App Firm FolloWAP Gets $2M from Mustang Ventures
		 mail? top

		 NEW YORK (VENTUREWIRE) -- FolloWAP, a provider of a services platform and
applications for wireless operators, said it received $2 million in funding
from Mustang Ventures, the venture arm of Siemens Information and
Communications. In conjunction with this investment, Siemens Information and
Communication mobile group has established a commercial partnership with
FolloWAP for integrating its flagship iFollow product into Siemens' existing
and future mobile offerings. In February, FolloWAP raised $10 million in
equity funding led by Carmel Ventures, with participation from Star Ventures
and previous investors The Israel Corporation and Koor Corporate Venture
Capital.
		http://www.followap.com

		 bad news
		?
		E-Commerce Services Firm WhatsHotNow.com Closes
		 mail? top

		 LOS ANGELES (VENTUREWIRE) -- WhatsHotNow.com (WHN), an e-commerce service
provider for the licensed merchandise industry, has shut down. WHN's clients,
including Fox, TVGuide, Comedy Central, and NBC have all posted notes on
their Web sites informing customers their online stores are temporarily down.
"We were told last week and it happened very quickly," said Aileen Budow,
director of corporate communications for Comedy Central, referring to WHN's
closing. "We're in a unique position. Our online store is doing great, it's a
wonderful revenue stream, we just need a new distributor." Ms. Budow said the
company is currently speaking with other vendors. "We kind of got the feeling
things were not on the up and up with them," said a spokesperson for MobShop,
which provided B2B services to WHN. "We figured it was happening." WHN could
not be reached for comment. The company received funding from Citigroup
Investments, Comcast Interactive Capital, Dawntreader Fund I, GE Capital
Equity Investments, TH Lee Putnam Internet Partners, Value Vision
International, WaterView Partners, and individual investors Frank J. Biondi
Jr. and Michael Fuchs.
		http://www.whn.com

		B2B E-Commerce Services Firm Hologix Shutting Down
		 mail? top

		 PHOENIX  (VENTUREWIRE) -- Hologix, a provider of business-to-business
e-commerce  software and services, is closing down, according to a company
spokesperson. The spokesperson said the company, which had approximately 120
employees, could not raise the Series C funding it needed to remain
operational. Hologix is seeking a buyer for its technology. The company
received $15 million in its second round of financing in January 2000 from
Adams Capital Management, Insight Capital Partners, Integral Capital
Partners, and Kemper Ventures.
		http://www.hologix.com

		Streaming Media Ad Services Firm Hiwire Cuts 17
		 mail? top

		 LOS ANGELES (VENTUREWIRE) -- Hiwire, a provider of advertising services for
streaming media content providers, said it laid off 17 employees, slightly
less than a third of its staff. A company spokesperson said it made the
layoffs to cut costs as it seeks to close a round of funding. "It absolutely
in no way affects our broadcast base," said the spokesperson. "We definitely
plan to close a third round." Hiwire's investors include Grey Ventures, New
Enterprise Associates, and Zone Ventures.
		http://www.hiwire.com

		With No Buyer in Sight, TerraShare Shuts Down
		 mail? top

		 ALEXANDRIA, Va. (VENTUREWIRE) -- TerraShare, a Web-hosting service and
network provider of topic-specific portals, said it will end its Web-hosting
service and shut down the company. Co-founders Joe O'Brien and John Gregory
said in a statement on TerraShare's site that "attempts to find additional
advertisers for the site or someone to acquire the company ultimately proved
unsuccessful." Since the end of January, TerraShare's staff has been working
without pay, the co-founders said. The company first announced its plan to
find a buyer in March, when it hired the investment bank Alterity Partners to
aid the company's search. In October 2000, TerraShare raised $2.1 million in
Series A funding from the Aslan Group.
		http://www.terrashare.com

		Ditto.com Ceases Operations, Plans To Sell Remaining Assets
		 mail? top

		 EMERYVILLE, Calif. (VENTUREWIRE) -- Ditto.com, which operates a visual
search engine, has ceased operations, President and CEO Wayne Willis told
VentureWire. Mr. Willis said he is in negotiations to license the company's
search engine technology to the original founders of Ditto.com, who have now
formed a new company called TLS Technologies. The founders, including Michael
Lyons, John Treacy and Steven Schmitt, will retain the Ditto.com URL, Mr.
Willis said. In addition to a potential licensing deal, Ditto.com has been
meeting with prospective buyers to sell its intellectual property, which has
an estimated value in the "eight-figure range," Mr. Willis said. He declined
to discuss further details on the pending negotiations. Ditto.com raised
about $33 million in funding from a number of investors including ETF Group,
European Technology and Finance Investment Group, Trinity Ventures and
Waterline Capital. Mr. Willis became CEO and president of Ditto.com last
year, and took the position of venture partner in ETF Group.
		http://www.ditto.com

		The Dock Shuts Down After Failing to Find Funding
		 mail? top

		 SANTA MONICA, Calif. (VENTUREWIRE) -- The Dock, which operated an online
marketplace for the industrial equipment industry, said it was shutting down.
The Dock said that its five-member board of directors authorized the company
to begin winding down operations on May 29 due to difficult economic market
conditions. The company said it had attempted to raise another round but
would not comment on the amount. Last week the company laid off 45 employees
and a number of consultants are now responsible for closing the company. The
Dock, founded in April 2000, had raised over $20 million in two rounds from
Lehman Brothers Venture Capital Group, Lehman Brothers Assets Based Group,
and individuals. It employed approximately 60 people at one time.
		http://www.thedock.com

		MetaTV Acknowledges Charges Against CEO
		 mail? top

		 SAUSALITO, Calif. (VENTUREWIRE) -- MetaTV, which provides broadband portals
and applications for interactive television, acknowledged that its CEO,
Ranjit Singh Sahota, has been arrested on allegations that he raped a
12-year-old girl, as first reported in the Wall Street Journal. The company
said the incident involved "personal activities entirely unrelated to company
operations" and declined to comment further. Mr. Sahota was arrested by the
FBI and the Sunnyvale Police on June 2 for the alleged crime. In a statement,
MetaTV said co-founder and president, Andrew Lev, will oversee the company's
day-to-day activities. It also said the company's board and investors "remain
enthusiastic and committed to its continued success." The arrest comes after
a three-month investigation by the FBI and Sunnyvale Police, the FBI said.
Beginning in July 2000, Mr. Sahota entered into conversations with the girl,
the FBI said, and in August 2000 arranged to meet the girl. The sexual
assault allegedly occured in a Sunnyvale, Calif. hotel room, according to FBI
reports. Starting in May 2001, the FBI said an undercover agent posing as an
14-year-old girl began to have conversations with Mr. Sahota via e-mail, chat
rooms, and telephone. These interactions culminated with his arrest last
Saturday in San Francisco's Golden Gate Park. According to the FBI, MetaTV's
office was searched along with Mr. Sahota's Fairfax, Calif. home and car.
MetaTV, which raised $28 million in April, is backed by Comcast Interactive
Capital, Cox Communications, Atrium Venture Partners, Crown Technology
Partners, Harron Capital, Liberate Technologies, Redpoint Ventures, Rosewood
Venture Group, and Saints Ventures.
		http://www.metatv.com

		 new products
		?
		eToll Charges Ahead Under New Name FastForward
		 mail? top

		 PITTSBURGH (VENTUREWIRE) -- eToll, a provider of digital services for
consumer commerce, announced the company's name change to FastForward. The
company will continue to offer the same services under its new name.
FastForward also said it plans to announce the close of its third round of
funding next week. In April the company cut 25% of its staff. FastForward has
raised $25 million in two rounds from Adams Capital Management, Mellon
Ventures, and individuals.
		http://www.ffwd.com

		AmEx & Others Launch Intranet Portal Firm Workadia
		mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Workadia, which provides hosted intranet
portals for midsize businesses, announced the company's launch. Founding
investors American Express, Infosys, Tibco Software, and WestBridge Capital
Partners invested $16.7 million in the company. Workadia said it is currently
beta-testing its Web-based offering with American Express and plans on
signing up four other beta customers this year. The company expects to launch
commercially by the end of 2001. The funding will be used as working capital
and to recruit a full senior management team and staff. Co-founder Mohit
Mehrotra, a vice president at American Express, is acting as interim CEO. The
founding investors said they began discussions about forming Workadia in the
third quarter of 2000. Workadia said the current financing should last until
expected profitability in 2002 and that it had no immediate plans to raise
additional capital. Workadia's board of directors includes Glen Salow and Jud
Linville of American Express, Phaneesh Murthy of Infosys, Raj Mashruwala of
Tibco Software, and Sumir Chadha of WestBridge Capital Partners.
		http://www.workadia.com

		 m&a
		?
		Messaging SoftwareFirm SetNet Buys Selfswitch
		 mail? top

		 CORAL GABLES, Fla.  (VENTUREWIRE) -- SetNet, which provides unified
communications and messaging software and systems to the global
telecommunications industry, said it has acquired Selfswitch, a Paris-based
unified communications application service provider in an all-stock deal.
SetNet said the deal was completed for an unspecified percentage of SetNet's
capital stock. Selfswitch will be fully incorporated within SetNet and will
serve as a base of operations for SetNet's expansion into Europe.
Selfswitch's co-founders, CEO Timothee Wirth and Thierry Ferey, are taking
executive positions with SetNet, which said it will retain Selfswitch's
employees in Paris. Selfswitch had received $1 million from Brand Trust,
Pythagoras, Smartenigma, and individual investors. SetNet also said it was
looking to raise a $10 million first round by the middle of August and was in
advanced negotiations with four top-tier venture capital firms. The company
also said it expects strategic investors to participate in the first round
once a lead venture capital firm is designated. SetNet has raised $3 million
in seed funding from individual investors.
		http://www.selfswitch.com
		http://www.setnet.com

		Torque Systems Acquires Graphics ISP Digital Art Exchange
		 mail? top

		 BOSTON (VENTUREWIRE) -- Torque Systems, a systems integrator for the
graphics industry, announced it has acquired graphics ISP firm Digital Art
Exchange (DAX), for an undisclosed amount. Sam Bogoch, Torque's CEO, said the
company will retain less than 10 employees from DAX, which laid off most of
its employees prior to the acquisition. The acquisition, which will enhance
Torque's open-systems networking and storage capabilities, does not include
PrintPlanet.com, in which DAX holds a 50% stake. Mr. Borgoch confirmed that
DAX had raised about $25 million in venture capital. Torque, which is not
venture-backed, just reached the break-even stage in March, and believes the
acquisition will accelerate its path to profitability. Before it gets to that
stage, Torque is looking to raise from $7 million to $10 million for
marketing and research and development activities, Mr. Bogoch said. Torque is
planning further acquisitions, with an eye towards data- and
storage-intensive companies, he added.
		http://www.torque.com

		Omnicom Group Acquires Consulting Firm Wolff Olins
		 mail? top

		 LONDON (VENTUREWIRE) -- Publicly held Omnicom Group, a media holding
company, acquired consulting firm Wolff Olins. Terms of the deal were not
disclosed. In 1997, Lloyds TSB Development Capital, the venture capital arm
of Lloyds, received a 30% stake in Wolff Olins through an investment of GBP
$2 million ($2.8 million). Lloyds was the only outside investor in the
company. Wolff Olins will become part of Omnicom's diversified agency
services group. Wolff Olins currently employs 200 people with offices in
London, New York, San Francisco, Madrid, Lisbon, and Tokyo. As a result of
the transaction, Wolff has created a new board of directors that consists of
executives from Wolff and the Omnicom group.
		http://www.omnicomgroup.com
		http://www.wolff-olins.com

		Employment Wizard Merges with CareerSite
		 mail? top

		 ANN ARBOR, Mich. (VENTUREWIRE) -- Employment Wizard, a subsidiary of
MediaNews Group that provides the newspaper industry with recruitment
products,  announced it has merged with CareerSite to create a new online
company that will offer newspaper publishers full integration of employment
line and display advertising. A spokesperson said that Peter Bernhard, who
was president and CEO of Media News Technology, will serve as the CEO and
president of the newly combined entity. Don Dornbush, president and
co-founder of CareerSite, has been named executive vice president of the new
company, which will employ roughly 37 people. The spokesperson said the
merger will not result in any layoffs. CareerSite is backed by Advance
Internet and individual investors.
		http://www.careersite.com
		http://www.employmentwizard.com

		 new directors
		?
		AT&T Broadband Exec Joins Into Networks Board
		 mail? top

		 CAMBRIDGE, Mass. (VENTUREWIRE) -- Into Networks, which provides streaming
software technology and integration services, announced that Susan Marshall,
AT&T Broadband's senior vice president of advanced broadband services, joined
the company's board of directors. Ms. Marshall takes the ninth position on
the board, which is now full. She began working with the company when Into
Networks was deployed to AT&T customers through Excite@Home and Road Runner.
AT&T is a strategic investor in Into Networks. To date, Into Networks has
raised $62.9 million in funding, and anticipates a round "in the near
future," according to a company spokesperson. Adelphia Communications, AT&T,
Bank Boston/Fleet Boston, Cisco Systems, Cox Communications, Fidelity
Ventures, Inktomi, Intel, Lauder Partners, Morgan Stanley Dean Witter,
Motorola, NTL, Putnam Private Equity Funds, UnitedGlobalCom, Venture TDF, NCB
Holdings, Venrock Associates and YAS Broadband Ventures are backers in the
company.
		http://www.intonet.com

		Proceler Appoints Informatica Head to Board
		 mail? top

		 BERKELEY, Calif. (VENTUREWIRE) -- Proceler, a developer of accelerated
embedded systems design, said that it has appointed Diaz Nesamoney to its
board of directors. Mr. Nesamoney is co-founder, president, and COO of
Informatica, a provider of e-business analytical applications and data
integration platforms. Mr. Nesamoney joins as the fifth member of the
Proceler board, which also includes Peter Stickells of Tradewinds Capital
Management and Kian-Wee Seah of UOB Venture Management. This is a new seat.
In March, the company received $4 million in a Series A round, which was led
by UOB and included Tradewinds and individuals. Proceler's seed round of
$750,000 was solely funded by Tradewinds. The company is planning to raise a
Series B financing this fall.
		http://www.proceler.com

		 new people
		?
		Blackboard Names Ex-Prometric Thomson CEO as Pres., COO
		mail? top

		 WASHINGTON (VENTUREWIRE) -- Blackboard, an Internet infrastructure software
company for online education, said it named Stephen Hoffman as the company's
first president and COO. Mr. Hoffman will be responsible for making the
company cash-flow positive by the end of the year and profitable by 2002. Mr.
Hoffman was formerly CEO of Prometric Thomson, a testing and assessment
service. Blackboard raised $48 million in April from Oak Hill Capital
Partners, Dain Rauscher Wessels, Microsoft, Morgan Keegan, AOL Time Warner,
the Aurora Funds, the Carlyle Group, Dell Computer, Internet Capital Group,
Kaplan, Merrill Lynch Kecalp, Novak-Biddle Venture Partners, and Pearson
Education.
		http://www.blackboard.com/

		Alerts Hires Within; Replaces Co-Founder in Pres. & CEO Role
		 mail? top

		 RALEIGH, N.C. (VENTUREWIRE) -- Alerts, an alerting infrastructure company
that develops software and services for the enterprise and Internet market,
said David Fisher has been promoted from vice president of sales and
marketing to president and CEO to oversee the company's next stage of growth.
Mr. Fisher, who joined the company last month, replaces co-founder Michael
Jones, who will leave the company, but will continue to work as a consultant
during the transition period and in the future. Mr. Fisher assumes Mr. Jones'
seat on the board, keeping the board at five members. The company expects to
fill the vice president of sales and marketing position, but has not yet
begun a search. Co-founder John Creamer will continue to serve as CTO and
vice president of development. Alerts is funded by ABS Ventures, Aurora
Funds, Cordova Ventures, and Intersouth Partners.
		http://www.alerts.com

		Transaction Monitoring Provider Xtremesoft Appoints New Head
		 mail? top

		 WOBURN, Mass. (VENTUREWIRE) -- Xtremesoft, a provider of software-monitoring
technologies for Microsoft-based e-commerce transactions, said that Michael
Dexter-Smith has joined as president, CEO, and chairman. Mr. Dexter Smith
previously served as president and CEO for VenturCom, a provider of software
and services for Windows-based technologies. Mr. Dexter-Smith replaces
co-founders Scott Matsumoto and Steve Weiss, who will continue with the
company as chief technology officer and senior vice president of business
development, respectively. He also joins as chairman of the six-member board
of directors, which includes Harry Gruner and Bradford Woloson of JMI Equity.
There is currently one seat available on the board. In June 2000, Xtremesoft
raised $5.8 million in its Series B financing. JMI Equity Fund led the round,
which included an investment from Merrill Lynch subsidiary, Kecalp. The
company is currently looking to raise $10 million in Series C funding, which
is set to close by the first quarter of next year.
		http://www.xtremesoft.com

		Ellipsus Systems Names Connect Things Execs to Top Posts
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Ellipsus Systems, which develops mobile data
communication technologies, said it named G. Russell Mortenson as its CEO.
Mr. Mortenson held the same positions at Connect Things, which was acquired
by AirClic earlier this year. Douglas Davis, who served as COO of Connect
Things, also joined Ellipsus in the same position. Mr. Mortenson was
introduced to Ellipsus through its venture capital investor, T-Provider. Last
week, Ellipsus moved the company from Stockholm to Dallas, where it is now
has its headquarters. Chief technical officer, Rikard Kjellberg, and product
development manager, Martin Bergljung -- both co-founders -- ran the company
before it moved to the U.S. The move to Dallas is expected to create 40 to 50
new jobs by the end of the year. Ellipsus is backed by T-Provider.
		http://www.ellipsus.com

		Global Metro Promotes from Within for First CEO Appointment
		 mail? top

		 SILVER SPRING, Md. (VENTUREWIRE) -- Global Metro Networks, which provides
dark fiber-optic networks to telecommunications companies, Internet-service
providers, and European enterprises, said Robert C. Bicksler has been
promoted from executive vice president and chief financial officer to CEO.
Mr. Bicksler becomes the first person to fill this position since the company
was founded in January 2000. Prior to his appointment, co-founder, president,
and COO, Doug Hudson; senior vice president and general counsel, Steve
Chisholm; and Mr. Bicksler headed the company and answered directly to the
board. There are currently no plans to fill Mr. Bicksler's past post, the
company said. He will continue to sit on the eight-member board. Before
joining the company in October 2000, he worked for AT&T Canada as an
executive vice president and CFO following its $7 billion merger with
MetroNet Communications. Global Metro is backed by Alta Communications,
Columbia Capital, Providence Equity Partners, Spencer Trask Ventures, and
Telcom Ventures.
		http://www.globalmetro.com

		 vc personnel
		?
		Conning Capital Names Ex-Progressive Exec as Partner
		 mail? top

		 HARTFORD, Conn. (VENTUREWIRE) -- Conning Capital Partners, a private equity
group that invests in financial services companies, said David W. Young has
joined as partner. Mr. Young was chief investment officer for Progressive
Corp., an auto insurer, before joining Conning. He has also worked at Salomon
Brothers, where he started the bank asset/liability management group and
co-founded the financial institutions capital markets group. Mr. Young
co-invested with Conning in a few transactions while he was at Progressive.
Conning Capital Partners, a unit of Conning & Company, has close to $600
million under management. The company focuses on financial services and
technology companies, including software, brokerage, banking, insurance, and
managed-care companies.
		http://www.conning.com

		Newbury Ventures Adds Two Venture Partners
		 mail? top

		 SAN FRANCISCO (VENTUREWIRE) -- Newbury Ventures, which provides financing
for emerging communication and information technology companies, said Conrad
Lewis and Ken Wigglesworth, co-founders of  Eagle One Ventures, will comprise
Newbury's recently opened Ottawa office as venture partners. They will locate
and manage investments in the area while continuing to serve as principals at
Eagle One Ventures. Mr. Lewis will focus on early-stage networking and
communications investments in Canada for Newbury. Previously, he was an
executive vice president at Newbridge Networks, where he worked in the access
and network management product group. Mr. Wigglesworth is also a former
Newbridge Networks executive, where he served in the CFO position. Newbury
Ventures recently closed its third fund at $250 million and added two new
venture partners to its Paris office.
		http://www.newburyven.com

		 vw corrections
		?
		Optium
		 mail? top

		 NEW YORK (VENTUREWIRE) -- An article in Tuesday's VentureWire on optical
device and packaging technology firm Optium contained an incorrect URL for
the company. Optium's URL is http://www.optiumcorp.com. Also, the name of Lee
Munder Venture Partners, an investor in the company, was misspelled.

		iWitness
		 mail? top

		 NEW YORK (VENTUREWIRE) -- In Monday's VentureWire an item about iWitness, a
provider of digital business records management software, incorrectly listed
World Ventures as an investor. Wolf Ventures was the investor. The story also
omitted the affiliation of board member Tim Conner. He represents Sequel
Venture Partners.

		company index
		top

		Alerts.com, Alien Technology, Alloptic, AtriCure, CareerSite, Clickmarks,
Clustra Systems, Comdisco Ventures, Conning Capital Partners, DataCert.com,
ditto.com, e-Commerce Solutions, Efficio, Ellipsus Systems, Employment
Wizard, Epicentric, FastForward, Focus Ventures, Followap, Global Metro
Networks, GotMarketing.com, Hiwire, Hologix, InsureZone.com, Into Networks,
Mergermarket, MetaTV, Movaz, Napster, Newbury Ventures, OmniCluster
Technologies, Omnicom Group, Pirelli Cavi e Sistemi, Proceler, Project Time &
Cost, Screentec, Selfswitch, SetNet, TerraShare.com, The Dock, Urbanpixel,
Verimetra, Vibration Technology, WhatsHotNow.com, Wolff Olins, Workadia,
Xtremesoft

		Chain chain chain -- supply chain, demand chain, value chain.
		When it comes to doing business, companies just want to
		eliminate any loose ends that hinder the ability of suppliers,
		manufacturers, designers, customers and salespeople to
		smoothly work together. At Enterprise Outlook, you'll hear
		and see what the leading public and private companies are
		doing to string together that chain.

		Scheduled to speak: Bryan Stolle of Agile Software,
		Greg Owens of Manugistics, and Phillip Merrick of
		webMethods

		Register and reserve your place
today:http://www.enterpriseoutlook.com/register.asp

		investor index
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		Buena Venture Associates, Celtic House, Charter Venture Capital, Corven
Ventures, GSC Partners, Kestral Document Services, Menlo Ventures, Meritech
Capital Partners, Motorola Ventures, NewMedia Spark, Oak Investment Partners,
Palmetto Partners, Partisan Management Group, Pittsburgh Gateways, ProVen
Private Equity, Silicon Valley Bank, U.S. Venture Partners, UPS Strategic
Enterprise Fund, Venture Beginnings, Worldview Technology Partners,
XRVentures

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		,2001 Technologic Partners
			?


I am calling Ken Lay's office this afternoon to request that he speak to Andy
Card about lining up Vice President Cheney as the  dinner speaker on the 21.
So far this task has been in Sprint's hands.   Because this is not nailed
down, Phil Cassidy today asked that Ken put in a call to Card.  FYI


My preference is to resolve the NBPL issues.  Enron-Canada still needs some of the NBPL capacity permanently released to one of their producers with a another third-party designated as the agent for the contract.  Oxy and some other folks have approached me about picking up some of the ENA space.

Please note that we were trying to get the transportation protocols approved by the Creditors Committee so that we could address (1) NBPL's insistence that the Creditor's approve everything and (2) the needs of the marketplace that once the capacity is awarded that it could be hedged without any additional Creditor approval.  I know that we are making progress on the drafts, but how quickly do you envision this issues being presented to the Creditor's Committee?

NBPL wants the capacity placed with new shippers for June 2002 business.  Ideally, this means that the new shippers should have the capacity released to them by Friday, May 24th.  This means that the capacity would have to be posted on NBPL's website by the morning of May 20th.  The schedule also assumes that the capacity release process is not stopped once it starts for Creditor's approval.

Kay, would it be OK if I called Eva and got a quick download on the results of the Tenaska complaint against NBPL that was filed with the FERC enforcement division?  Do I need to have a lawyer listen in when I make the call?

Ruth

-----Original Message-----
From: Mann, Kay
Sent: Wednesday, May 01, 2002 8:57 AM
To: 'Mark.Ellenberg@cwt.com'; Concannon, Ruth; 'sproctor@akllp.com'
Subject: Fw: NBPL Hearing May 9

Fyi
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Neufeld, Eva <Eva.Neufeld@NBorder.COM>
To: Mann, Kay <Kay.Mann@ENRON.com>
CC: Place, Janet <Janet.Place@NBorder.COM>; Lenny Parkins (E-mail) <parkinsl@haynesboone.com>
Sent: Wed May 01 08:08:51 2002
Subject: NBPL Hearing May 9

Kay,

	As you know the hearing on Northern Border's Motion to Compel ENA to Assume or Reject is set for next week, May 9.  Please advise if ENA desires to work towards the development of a stipulation so that we can resolve the Motion without further litigation.

	Regards,

	Eva N. Neufeld
	Senior Counsel


Andy:
Just a couple of quick items that need to be addressed.  First, what happens
if the delta of the option is greater than the size of the hedge offered on
EOL?  Second, what strike are straddles traded at.  Are they set at the
nearest 5 cent interval or are they mid-market of the EOL quote?


what did you want to tell me

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Wednesday, January 23, 2002 3:09 PM
To:	Maggi, Mike
Subject:

hey, if i don't see you tonight remind me to tell you something tomorrow.


Message sent from the pjm-customer-info mailing list at pjm-customer-info@majordomo.pjm.com:

> January 12, 2002 - Updates were made to the PJM Manual for Open Access
> Transmission Tariff Accounting (M-27).
> Revised annual reactive revenue requirements listed in Exhibit 3.1 of Section
> 3: Reactive Supply & Voltage Control from Generation Sources Service
> Accounting.
> The PJM Manuals are available in electronic book format and Adobe Acrobat
> format at http://pubs.pjm.com.
>
>
>
>
>
>

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---------------------- Forwarded by Larry F Campbell/NA/Enron on 05/10/2001
04:39 PM ---------------------------

Zarin Imam@EES
05/10/2001 01:26 PM
To: Larry F Campbell/NA/Enron@Enron
cc:

Subject:

Larry,

 YOU ARE THE BEST!   Thank you !   Look at it before you give it out!

Thanks

Z


Dear Electric Power Industry Colleague:

March 23 is the last day to receive discounted early bird registration for
the Electric Utility Consultants, "Ancillary Services" Conference  and
associated pre- and post-conference workshops to be held April 4-6, 2001 in
Denver, Colorado. To view the conference program agenda please click
http://www.euci.com/Conferences/ascapr01.htm , and pre-conference workshop
"Ancillary Services 101" click http://www.euci.com/Conferences/as101apr01.htm
, and post-conference workshop "Market Based Pricing for Ancillary Services:
Market Design  Choices, Consequences and Outcomes Workshop" click
http://www.euci.com/Conferences/mbpapr01.htm

List of Other Upcoming Conferences and Workshops

What to Expect in Western Power Markets This Summer  Conference

http://www.euci.com/Conferences/wewmay01.htm

and associated Workshop for this conference

Modeling The WSCC Power Grid

http://www.euci.com/Conferences/mtwapr01.htm

?

Short Courses

FERC Order 2000 & Emerging Market for Transmission Upgrades

http://www.euci.com/Conferences/fo2kmay01.htm

Engineering and Planning for Aging T&D Infrastructures

http://www.euci.com/Conferences/eapjun01.htm

What Generation Developers Need to Know about Transmission

http://www.euci.com/Conferences/wgdjun01.htm

?

Transmission Grid Expansion and System Reliability  Conferences

Conference 1: Focus on Regulation (Regulatory, Legislative Update, and
Incentives for Transmission Grid Expansion and System Reliability

http://www.euci.com/Conferences/formay01.htm

Conference 2: Focus on Pricing (Pricing and Incentives for Transmission  Grid
Expansion and System Reliability)

http://www.euci.com/Conferences/fopmay01.htm

Market Based Planning for Transmission Capacity  Expansion

http://www.euci.com/Conferences/mbtmay01.htm

After you click any of these event titles, you will see links for program
agenda, registration information, and online registration on the right hand
column. Depending upon your browser and monitor, you may need to maximize
the  page to see these links.

If you would like further information concerning our conference proceedings,
please visit our website at http://www.euci.com/proceedings.htm

Kindly forward this announcement to your colleagues who might benefit from
attending these conferences/workshops/courses.

Best Regards,

L. Mrig
Electric Utility Consultants, Inc.  (EUCI)
5555 Preserve Drive
Greenwood Village CO 80121
(303)  770-8800
Lmrig@euci.com

Send us a note  if you do not wish to receive these announcements.


Enclosed is an ISDA worksheet for Panaco Inc.  They are very interested, as are many right now, in getting an ISDA in place that has netting language between financial transactions and physical gas.  Physical gas is done both at ENA and ENA Upstream Company LLC.  Can we put together such a document?  If there are any questions, please give me a call.

Thanks,

Max


The Unix server that Unify Production runs on (Proton) went down this
morning.  The Unix team is working on it.  I will let you know as soon as
Unify is available.

d.n.


----- Original Message -----
From: enronsigshop@calltsc.com
To: esaibi@houston.rr.com
Sent: Thursday, January 10, 2002 12:14 PM
Subject: The Service Center, Inc Order 773729  Confirmation
This is to verify that we have received your order. You will  receive another confirmation when the order ships that will include the tracking  number.
ALL SALES ARE FINAL, NO EXCHANGES, NO REFUNDS
Date: 	01/10/2002	Time: 	12:14
Customer: 	Windwater Village 	PO No.:
Requested By: 	Eric Saibi 	Order No.: 	773729
Requested Date: 	01/10/2002	Requested Delivery Date: 	01/20/2002
Ship To Number: 		Order Type: 	Internet
Attn: 	Eric Saibi 	Ship_Via: 	ground
Address: 	6031 North Arrowana Lane 	Tel. Number: 	713-784-0370
 	Room No.6031 Arrowana 	Fax Number :
 	Houston, TX. 77036  US 	Company Coding:

Stock No.	Description	Qty to Ship	Unit of Measure	Total Items
PR45001NN3WH 	VISION & VALUES T- SHIRT / WHITE - LG 	10	EACH(1)	10
PR46020 	STERLING SILVER TIFFANY KEY RING 	10	EACH(1)	10
E10063 	ENRON LAPEL PIN 	5	EACH(1)	5
PR46021 	TIFFANY DESIGNED CHINA BOX 	10	EACH(1)	10
PR49011 	VISIONS AND VALUES CUBED PAPERWEIGHT 	1	EACH(1)	1
PR43005NN0BE 	ENRON YOYO / BLUE 	10	EACH(1)	10
PR43005NN0RD 	ENRON YOYO / RED 	10	EACH(1)	10
PR49013 	CRYSTAL CUBE PAPERWEIGHT 	10	EACH(1)	10

	 		Sub Total 	$506.98
	 		Shipping Cost:	$25.00
	 		Sales Tax	$43.88
	 		Total Cost:	$575.86
	Payment Type: 			Credit Card
				Please reference your order number on all correspondence.    Click here to inquire on the status of your order:  http://www.enronsignatureshop.com/inquiry/order_confirm.cfm?var1=  801&var2=1255&orderno=773729


Here are two versions of the direct access language.  The first one is the
more heaviliy edited version suggested by AES's lobbyist, with our changes.

 <<X23041.DOC>>

The second one is our original edits which just insert language in the bill
and try to avoid wholesale changes in the language.
The only real difference in the bills is that the AES version specifies 5%
market share for core in year one and 2% more each year thereafter (which we
know DWR will oppose), while our version specifies that core can have at
least the same amount of load growth and therefore room to elect DA service
as the load growth from last year, and that negative load growth cannot
reduce the DA market for residentials.

 <<X23044.DOC>>

Bev, please tell me which version you gave to whom.  I also have versions
without the redlining if you want them.  I am still working on the
comparison document.  Thanks, Mike

 - X23041.DOC
 - X23044.DOC


You are the best.  I owe you a popcorn, small.


I just got off the phone with Brent.  He was at the hospital getting ready to
take his daughter home and stopped to talk further with the doctor.  Brent
mentioned that when he had appendicitis, his symptoms weren't the "standard"
symptoms.  This got the doctor to thinking so he told Brent to hold off while
he checked something on the tests they had taken.   Brent's daughter is now
scheduled for surgery today to take out her appendix!

Brent will not be in today, but will probably be in the office tomorrow for a
few hours.

-Becky

----- Forwarded by Becky Spencer/HOU/ECT on 04/25/2001 10:02 AM -----

	Becky Spencer
	04/25/2001 09:24 AM

		 To: Swap Group
		 cc: Taffy Milligan/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Suzanne
Adams/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT, Carolyn
George/Corp/Enron@ENRON, Holly Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Keegan Farrell/NA/Enron@Enron, Nita Garcia/NA/Enron@Enron, Esmeralda
Gonzalez/ENRON@enronXgate
		 Subject: News-Brent's Daughter

I talked with Brent this morning.  It appears that his daughter does not have
appendicitis.  She has been running a fever, her white count was down, and
she had fluid collecting in her abdominal area.  The doctors were baffled as
to where this fluid was coming from.   As of this morning, Brent's daughter
is showing signs of improvement; her white count is better and her fever is
going down.  Doctors now think she has some kind of infection that is running
its course.    Brent will know more later today when he speaks to the doctors
about test results.

-Becky


Mike who is the country manager would like to you send future updates to the
distribution group labeled "Argentina Commercial Staff".  You would also have
to copy Sami Arap and Don Black since they are in Sao Paulo.  Thanks for your
help on this.
Brent
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
02/03/2000 09:34 AM ---------------------------

	Enron International

	From:  Michael Guerriero                           02/03/2000 10:24 AM

To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Southern Cone Financial Master Agreements Schedule

If we are going to go with this distribution program let them know to use
the  Argentina Commercial Staff  e-mail group address that will automatically
updated the people from my team that should be getting the information.

Thanks

MFG
---------------------- Forwarded by Michael Guerriero/ENRON_DEVELOPMENT on
03/02/2000 07:21 AM ---------------------------

Rodolfo Freyre
03/01/2000 05:31 PM
To: Michael Guerriero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Southern Cone Financial Master Agreements Schedule

FYI.
---------------------- Forwarded by Rodolfo Freyre/ENRON_DEVELOPMENT on
03/01/2000 05:31 PM ---------------------------

Susan Bailey@ECT
02/29/2000 05:05 PM
To: Sami Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pablo
Acevedo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bernardo
Andrews/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gabriela
Aguilar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Federico
Cerisoli/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rodolfo
Freyre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julian
Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John J
Shoobridge/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Don
Black/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Southern Cone Financial Master Agreements Schedule

All,

Sara Shackleton has asked that you all be included on our monthly
distribution of the captioned Schedule.  This Schedule is distributed via
e:mail on the first of every month and sets forth the status of financial
master agreements in Argentina and Brazil.


----- Forwarded by Richard B Sanders/HOU/ECT on 10/24/2000 05:24 PM -----

	"Fergus, Gary S." <GFergus@brobeck.com>
	10/24/2000 04:45 PM

		 To: "Richard B. Sanders Esq. (E-mail)" <richard.b.sanders@enron.com>
		 cc: "Meringolo, Peter" <PMeringolo@brobeck.com>
		 Subject: Some thoughts on options

PRIVILEGED AND CONFIDENTIAL
ATTORNEY CLIENT PRIVILEGE

Richard,

 After today's discussion here are our brainstorming ideas on
options:

1.   WAIT FOR A BETTER PROTECTIVE ORDER
 Ask Harvey Morris where they are on fixing the protective order that
is being litigated by others.  If the protective order has not  changed,
then unilaterally postpone production until it is.  Pro: Better protection
and more time; Con: Even with a more stringent
 protective order Enron still questions whether the PUC is entitled
to financial performance data.  Thus, this option does not fully
disclose all of Enron's positions and the company may be accused later of
simply engaging in delaying tactics.  Under this option  we file our
formal objections as well.

2. TURN OVER THE TRANSACTION DATA AS IS
 Continue on our present course of turning over transaction data for
electricity that was delivered.  Pro: PUC will get the data  anyway
either through FERC, unfair competition, antitrust or price gouging
litigation.  By turning over the data that will show  profits, PUC might
slow down investigation there as opposed to interrupting the business by
seeking to depose witnesses etc.  Con:  This would be waiving the
legitimate question that Enron has as to the PUC's ability to discovery this
information through a  subpoena.  There is also a question of how
confidential this data would be given the current political agenda.  It
might also serve  to whet the appetite of the PUC for more Enron
information and discovery.   This option would also provide confidential
proprietary information to the PUC about how Enron gets its competitive
advantage.

3. TURN OVER DATA FOR OUTSIDE OF CALIFORNIA AND LET PUC GET REST OF
DATA FROM ISO AND PX.
 We have told the PUC we do not want to duplicate the efforts of ISO
and PX so the way to relieve the burden on us is to give  only missing
data. PRO:  It would be easier and quicker to just give the outside of
California data and would sidestep for the
 moment the ongoing jurisdictional question.  Con:  Without Enron
cost data for the California ISO and PX transactions, the PUC
 would not be able to arrive at what they want -- a profit and loss
picture.  We would have a hard time representing to the PUC that  the
combination of the PUC data and the Enron data would be all that they need
to calculate the answers to Request Nos. 7-10.

4. TURN OVER EVERYTHING BUT PRICE
 This option would simple omit the price data.  Pro:  It would not
reveal the profit and loss information.  Con:  It would not reveal the
profit and loss information.  In other words, the PUC is clear that this is
what they are after.  By giving them everything else, we
 would in effect be telling them we will not turn over profit and
loss.  Moreover, by piecing some of it together with the ISO and PX
data, the PUC might be able to put together a revenue picture which will be
quite large, but just not the cost or expense side.

5. DECLINE TO PRODUCE THE DATA
 We would tell Harvey Morris that Enron has reconsidered its position
for the following reasons:  (1) Our firm belief that the PUC is  not
entitled to the profit and loss data they are seeking; (2) in his latest
email, Harvey has made it clear that the PUC wants more  data (1999)
than we discussed earlier; (3) continued threat that if they do not like the
transaction data they will come back and  ask for profit and loss
information that we do not believe they are entitled to; (4) Commissioner
Wood's statement that the purpose  of this investigation is to get
money from market participants in the hands of consumers; (5) investigation
by the AG into activities  of other market participants and the notice
that other governmental agencies are cooperating -- who are we producing
this  information to and for what purpose; (6) Enron favors public
disclosure of trading data but only if all participants are required to
do so; (7) Enron is a small player in this market and many other market
participants are not involved in the process BPA etc.    PRO:  This
may be the only way to preserve Enron's challenge to the jurisdiction of the
PUC to get this data.  Moreover, in the  current political
environment there is no assurance where this information will be leaked.  It
also makes sense to see what FERC  will do with their published 11/1/00
report on investigation date. Under this option, we file our formal
objections and sit back and  wait.

6. ME TOO
 Upon reflection, we agree with the approach taken by the other
market participants.  We will not produce until the protective order  is
modified and then only data that is within the PUC jurisdiction.  PRO:  This
makes it look like all the market participants are  acting in concert
and really is no different than option 1 above.  Moreover, if you read
Reliant's responses, they appear ready to  turn over financial data if
the protective order is modified. (Terry and Mike Day are both out of their
offices today.)  Note that  Williams is adopting a strategy that says
the PUC needs to go to Superior Court to enforce its subpoena.  This may be
met with  strong opposition by the PUC given their California
constitutional contempt authority.

7. MOVE TO QUASH BEFORE THE ALJ
 Here we would raise all of the arguments that we have about why the
PUC does not have jurisdiction and fight it out on the merits  before the
ALJ.  PRO:  The ALJ is a forum to raise the jurisdictional questions.  It
has the least procedural risks of being  dismissed.  CON:  Reading
the tea leaves, we believe it unlikely that the ALJ will determine that the
PUC has no jurisdiction.
 Moreover, because the PUC has its own constitutionally granted
contempt power, the PUC will take the view (according to Mike  Day) that
they need not go to the Superior Court for enforcement.  They will also take
the view that the Superior Court has no  jurisdiction  to hear our
appeal.  Appeals have to go to the PUC and those orders are appealable at
the Court of Appeal level.   Thus, the only de novo review of our
objections might be at the ALJ level.

8. FILE DECLARATORY RELIEF ACTION IN FEDERAL COURT IN CALIFORNIA
 We would claim federal question jurisdiction under the Federal Power
Act and in particular the provisions of 824(g) under which the PUC
issued its subpoena in part.  The dispute to be decided is whether the PUC
has the jurisdiction to seek the profit and  loss information from the
wholesale market.  The authority for this would be Mississippi Power & Light
v. Mississippi  487 US  354 (bright line between wholesale market regulated
by FERC and the retail market regulated by states); Bristol Energy Corp v.
New Hampshire 13 F.3d 471 (1st Cir. 1994)(federal question whether state
agency can inquire into business and financial data  in the wholesale
market but found no cognizable claim.)  PRO:  The federal forum may be more
even handed than the ALJ, but  the question is whether we can state a
cognizable claim.  There may be greater protections from disclosure of the
information as  well.  CON:  The PUC may continue on a parallel track unless
we are able to obtain injunctive relief.  The PUC might seek  discovery of
the same information in the Federal court proceeding.  We should assume that
this action will trigger the strongest  response from the PUC and/or the AG
in form of further investigations or alternative forums for getting the same
information (e.g  unfair business practice suit, price gouging,
anti-trust etc.).   We should anticipate deposition requests for traders
etc.  By taking  this position, we will clearly be conceding that if
FERC asks for the data it is germane to their authority.

9. SEPARATE RESPONSES/STRATEGIES FOR DIFFERENT ENRON ENTITIES
 It may make some sense to chart a different course for Portland
General, EES and EEMC and continue to produce some data from  those
entities.  PRO:  The information provided for these entities is not likely
to generate profit and loss information that would be  germane to the fight
we are about to engage in (e.g. EES's description of % off tariff rates for
example.)  For Portland General,  Dave Aamodt is out of the office and
not able to participate in any change of direction discussions.

Hope this is helpful.
Thanks
Gary

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Shirley and I have scheduled the Skunkworks' meetings with Scott Tholan
beginning Wednesday, July 5 from 2:00 to 3:30.  This meeting will take place
every other Wednesday (same time and place) for the next few months.  These
meetings will be held in EB1938.  Please mark your calendar, and if you have
any serious conflicts, please let either Shirley or me know.

Thanks,
Sharon
5-7212


Jeff,

	I spoke with Jay briefly about the potential of archiving all physical deals every night into a separate database instead
of deleting them.  We currently are capturing that information in our database, but the feed Jay has is more extensive and reliable.
We'd then be able to build some historical queries and facilitate some of the requests we have for this data, I don't anticipate it
would take much time to do this.

You have any objections?

Thanks,

Dave


Everyone,

Several of us have talked about starting an ongoing meeting that we can use
as a platform to discuss various transmission issues.

I invite everyone to our first meeting, I have received names from several
different sources for the invitation list.  If any of you feel that others
should be present please let me know.

Vince has agreed that the research group will sponsor this activity and our
first meeting is scheduled for Friday, December 8th.,  from 11:30 - 1:00.

Please RSVP to Anita Dupont whether or not you will be able to attend and
your lunch preference for sandwiches or salads.  Anita's extension is 30329
and her e-mail is adupont@enron.com.

Regards,
Lance


I haven't talked to anyone.  I've got 10 docs going out this am, but I'm
almost finished.

From: Suzanne Adams@ECT on 01/10/2001 10:46 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: How about Vincent's for lunch?

Sheila can't go today because of work.  Carlos called, is he still going?
It's your birthday lunch, what do you want to do.

	Kay Mann@ENRON
	01/10/2001 10:42 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: How about Vincent's for lunch?

Sounds good, but if today isn't a good day, it is not a problem.

From: Suzanne Adams@ECT on 01/10/2001 10:35 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: How about Vincent's for lunch?


Hot like wasabi when I bust rhymes
Big like Leann Rimes
Because I'm all about value


I already have a meeting scheduled for Friday from 2:00 to 2:30.  I will join
you in the facilitator training as soon as that meeting concludes--it may not
last a full 30 minutes.  In case I can not make the meeting, I have printed
the attachment.  Thanks.


Works for me too.

Jerry

 -----Original Message-----
From: 	Ratliff, Dale
Sent:	Thursday, January 17, 2002 10:56 AM
To:	Schoolcraft, Darrell; Spraggins, Gary; Graves, Jerry; Shafer, Allen
Cc:	January, Steve; McPherson, Cliff
Subject:	RE: Verifier Training

After talking with Cliff the later part of the week of January 28 will work out the best.  Please let me know if this will not work for anyone.

Dale

 -----Original Message-----
From: 	January, Steve
Sent:	Tuesday, January 15, 2002 5:28 PM
To:	Ratliff, Dale; McPherson, Cliff
Cc:	Schoolcraft, Darrell; Spraggins, Gary; Graves, Jerry; Shafer, Allen
Subject:	FW: Verifier Training

Dale, please co-ordinate a meeting with Cliff, yourself, and the others copied on this list as soon as practicle. Allen, can you come to Houston to attend the meeting? I'd like to get this program going right away. thanks. sj

 -----Original Message-----
From: 	McPherson, Cliff
Sent:	Tuesday, January 15, 2002 4:38 PM
To:	January, Steve; Bryant, Mike; Freeman, John
Cc:	Jeffers, Joe
Subject:	Verifier Training

Gentlemen,
In preparation to comply with the Operator Qualification Rule, we need to schedule a training session for your OQ evaluators.  I know that you have reviewed the SBP Verifier Training CBT module, but we think that a better approach for non-SBP personnel would be a live trainer who can present the responsibilities of the evaluator from the perspective of the OQ rule.  The instructor we have in mind has a very good understanding of both the regulatory requirements of OQ and the process of skills evaluation.

I expect this training session to take no more than a day.  Please let me know a couple of dates when this class could be presented to the personnel of your choice.  Once we know how many people and when to schedule classes, we'll contact the instructor.  (Trainer is not available the last week of February and the first week of March)   Please reply within the next week so that we can reserve time on the instructor's schedule.

Call if you have questions or concerns.  (713-345-6857)


Mark,

You might want to check with Paul on this.  How have we arranged our IPE
trading?  Since we are talking about exchange-traded contracts here, not
dealing with customers, it may be possible to use an entity other than EEFT.

Hope all is well.

Mark

Mark Elliott
01/04/2000 07:56 AM
To: Bob Crane/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Steve Kim/HOU/ECT@ECT
Subject: Re: new PULPEX document needed for trading in London

Bob,

Apologies for not having got back to you sooner but I have only today
returned from two weeks holiday to find your e-mail awaiting me!

Anyway, I have already put in a call to Derek Oliver (whom I know quite well,
having negotiated the legal documentation for our first Pulpex application)
to be told that he is out of the office but that he will return my call.

My initial thoughts, however, - and the main reason why I need to speak to
Derek - is that, as you know, all financially-settled derivatives are (for
regulatory reasons) arranged in London by Enron Europe Finance & Trading
Limited (EEFT) (rather than Enron Europe), which arranges deals for ECTRIC.
I am unsure without speaking to Derek whether the Exchange will allow for
EEFT to be a member of the Exchange as an agent (rather than as a principal)
for ECTRIC.  EEFT never enters into deals itself as principal, and ECTRIC can
only entre into deals via EEFT.

Anyway, let me have a word with Derek and see what we can come up with.

I shall be in touch as soon as I have spoken to Derek.

Kind regards and happy New Year,

Mark

Bob Crane
21/12/99 15:52
To: Mark Elliott/LON/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Steve Kim/HOU/ECT@ECT

Subject: new PULPEX document needed for trading in London

Mark,

Steve Kim has been working with me in Houston where one of his roles is
PULPEX trading on a day-to-day basis.  He will be moving to London in late
January to assist in our European marketing efforts.  I would like him to be
able to trade PULPEX from London when he is not on customer calls.  My intent
is the account would remain with Enron North America and Steve would trade as
a back-up when no one is available in the US.  I have spoken with PULPEX
about this and their legal department wants us to organize it where:

 Enron Europe would be a member of the exchange
 There would be a give-up agreement between ECTRIC and ENA where trades
executed by Europe would automatically be transferred into ENA's
  accounts

The exchange thinks this should be easy to set up from a legal perspective
and Derick Oliver at 171 815 8502 to initiate the necessary docs.  Please let
me know what you think.

Regards,

Bob Crane


Thanks for the update, Kimberly. This looks great. I'll forward it on to the
traders and keep it at my desk for reference.

Kate

Kimberly Hundl@ENRON
04/30/2001 11:06 AM
To: Sharen Cason/HOU/ECT@ECT, Amy Smith/ENRON@enronXgate, Kate
Symes/PDX/ECT@ECT
cc:

Subject: Not to be confirmed deals...

Attached is an updated copy of this document (in case you are printing it out
and keeping it for your reference.)

Thanks!
Kim H.


----- Forwarded by Tom Briggs/NA/Enron on 10/25/2000 08:01 AM -----

	RAISLERK@sullcrom.com
	10/25/2000 07:51 AM

		 To: tom.briggs@enron.com
		 cc:
		 Subject: Fwd: CEA Update Bad News

Senator Gramm's staff presented to the Senate Ag Committee Republican and
Democratic staff and the Democratic staff of the Senate Banking Committee,
Gramm's proposed changes to the CEA bill. This proposal is quite lengthy,
and includes many amendments most of which were previously discussed with
the House Agriculture Committee, some of which were included in House
Agriculture Committee Saturday Night Draft of 10/8/00. Because of the length
of the document we have only attached the summary that the Gramm staff
provided. In separate e-mails to follow we will send only the pages of the
House-passed bill that were changed by the Gramm proposal. As you know  some
of these provisions include matters objectionable to
Treasury, SEC, CFTC, Chicago and New York Exchanges. Essentially the Gramm
staff has included proposals which would allow retail and agency
transactions as well as language designed to solve the Blackbird problem.
As you also know the view of the Agencies and the Ag Comm is that  some of
these exclusions create loopholes which can allow some market participants
to avoid the new Single Stock Futures regulatory design, the CFTC oversight
of the energy market, and go far beyond the recommendations of the
President's Working Group.
The staffs of the Banking and Agriculture Committees have agreed to meet
tomorrow late morning. We believe at that time the Agriculture Committee
will propose a counter-offer which while addressing the Gramm major concerns
will not adopt his proposal but instead rely on the Treasury proposals. If
Senator Gramm is willing to work off this alternative a negotiation may
result, otherwise it is unlikely that any agreement with Gramm will be
reached. The Agriculture Committee is disinclined to repeat the debates held
in the House Agriculture Comm. consideration of the bill. We welcome your
reaction to the proposal. If you have questions or comments
please do not hesitate to call Mary (973-5907), or George (973-5920). <<Gramm
Summary.pdf>>

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

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - Gramm Summary.pdf


Need to also include the moneys owed to Enron and its affiliates related to the wholesale power transactions.  We should also seek to clarify the language about us supporting the PE Advice Letter proposal on going-forward.

Jim

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Tuesday, October 09, 2001 2:54 PM
To:	Steffes, James D.; Shapiro, Richard; Dasovich, Jeff; Mara, Susan; Sharp, Vicki; 'mday@gmssr.com'; 'jbennett@gmssr.com'; 'jklauber@llgm.com'
Subject:	Proposal Seeking Settlement with SCE

Please see the attached draft.  The purpose of this document would be to get management approval for a settlement along the lines indicated.

         << File: SCE Settlement 10-9-01--2.doc >>


Section II:

(See attached file: 286642-SECTION 2.doc)

 - 286642-SECTION 2.doc


EEI's State Restructuring Service Web Site was just launched last month and
recorded over 11,000 hits in October.  We think that if you are at all
interested in what's going in restructuring states in response to
California's ongoing demand/supply imbalance, market problems in several
other states, you would be interested in EEI's new Web site.

The State Restructuring Service includes:

o  News and analyses of noteworthy legislative, regulatory and judicial
decisions as they occur
o  Implementation decisions in restructuring states
o  Noteworthy restructuring-related actions in other states, even if not of
comprehensive scope
o  E-mail notification of all noteworthy restructuring and related actions
o  E-mails are posted to the Web site's Action Alerts section within 24 hours
o  Site's Action Alerts are browsable and fully searchable
o  Hyperlinks to all Web posted source documents are provided
o  Policy overviews and analyses of all comprehensive restructuring laws and
regulatory decisions

The service includes e-mail notification of breaking restructuring actions,
as well as full access to the Web site.  For those who just need a heads up
about noteworthy state policy actions, the e-mail service is available as a
separate stand-alone service (free to members) or for half the price of the
full Web service.  We cover all aspects of restructuring the electric utility
industry and the implementation of retail electricity competition at the
state level from the comprehensive laws, to regulatory and judicial decisions.

Availability --------------------------->

The Web site is available to EEI members (free of charge) and to anyone else
for a fee at:
http://www.eei.org/7online/online/srs/

Please see the attached MS Rich Text Format file with more information about
how members can get an ID/Password, as well as the pricing and subscription
process for EEI Associate members and non-member organizations.

Please feel free to forward this e-mail (with attachment) to anyone you think
might be interested in staying informed of state restructuring policy
developments and researching existing state policies.

EEI member utilities wishing to have access should contact Lynn Hailes at:
lhailes@eei.org or 202/508-5624.

EEI Associates and non-members should review the attached file and direct
questions about subscribing to ekaleda@eei.org or call 202/508-5005.

Questions about the product and its content should go to Norman Jenks at:
njenks@eei.org or 202/508-5533.

Thank you for your interest in our State Restructuring E-Forums!

Norman Jenks and Lynn Hailes

 - SRSBrochureText.rtf


where are we going


i will get one for sun


cataract (KAT-uh-rakt) noun

   1. A large or high waterfall.

   2. A great downpour; a deluge.

   3. Opacity of the lens or capsule of the eye, causing impairment of
      vision or blindness.

[Middle English cataracte, from Old French, from Latin cataracta, from Greek
katarraktes, kataraktes, probably from katarassein, to dash down : kat-,
kata-, cata- + arassein, to strike.]

   "The cataracts blow their trumpets from the steep
   No more shall grief of mine the season wrong;
   I hear the Echoes through the mountains throng,
   The Winds come to me from the fields of sleep."
   William Wordsworth, Ode: Intimations of Immortality from Recollections of
   Early Childhood.

Have you seen the poem about a little girl who, with a lantern in her hands,
goes out in a snowstorm to light the path of her mother coming back from
town? Later, her parents go out to look for her, following her footprints in
the snow when we discover, "And further there were none!" My heart skipped a
beat when I came across those five words. I'm talking about Lucy Gray, a poem
by William Wordsworth ( http://www.bartleby.com/145/ww158.html ), that I read
in my early school days. Later, the emphasis on math and science, and
subsequent studies of computer science in college and grad school, blotted
out the world of poetry. I forgot the name of the poet and other details of
the poem but it has been haunting me ever since. Recently, while researching
some words, I came across the poem again and realized it had never really
left me. Does a poem ever do?

What is it in poetry that moves us so much? Perhaps it is a reminder that no
matter how tough, and worldly-wise we may or try to be, deep inside all of us
have the heart of a child. In this week's AWAD, I'll present words from some
of my favorite poets. Why don't you email me (anu@wordsmith.org ) about your
favorite poets and their poems?                                        -Anu

............................................................................
The first human who hurled an insult instead of a stone was the founder of
civilization. -Sigmund Freud, neurologist, founder of psychoanalysis
(1856-1939)

Q: Some time ago you featured a quote/word about x in AWAD. Could you resend
it?
A: You may search the archives at http://wordsmith.org/awad/search.html
   or browse them at http://wordsmith.org/awad/archives.html All the
   words and quotes since the beginning of AWAD are available there.

Pronunciation:
http://wordsmith.org/words/cataract.wav
http://wordsmith.org/words/cataract.ram


Happy Holidays.  Thought I would share Zach's first picture with Santa.

xoxo
Natalie
----- Original Message -----
From: Mark Lay <mark@layfamily.com>
Cc: Natalie Lay <natalie@layfamily.com>
Sent: Monday, December 11, 2000 8:58 PM
Subject: Zach's First Christmas with Santa

> Tis the season to take pictures.  We think this little guy is kinda cute.
>
>
>
> Mark Lay

 - Picture.jpg


AGA for 11/24/00 is -146 w/d

When the dialog box asks to upadate links click "NO".

Website information:
http://gasfundy.corp.enron.com/gas/framework/default.asp
Drop down Box to "Storage"
In-house Analysis
My files are the last three files.

When the dialog box asks to upadate links click "NO".


The contact name is Jack Wells, and his phone number is (281) 293-6030. Would
you like me to enter this info into the deals?

Kate

Kimberly Hundl@ENRON
01/29/2001 08:23 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: conoco deals #506549.01, 506550.01, 506551.01

hi kate,
these sean crandall deals need contacts.  can you please get a good contact
name (and phone #) and i will put in a gcp request to have it added to the
drop down list in deal entry.
i'm too lazy to press the shift key lately, sorry -no caps.
thanks for your help!
kim


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

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

INTERVIEW SCHEDULE
AMY KIM
Tuesday, April 3, 2001

          ROOM

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

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

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

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

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

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

2:30 pm   Beal's car to airport


-----Original Message-----
From: 	Rozycki, Joanne
Sent:	Tuesday, November 06, 2001 5:29 PM
To:	Shackleton, Sara
Subject:	Update on atty roundtable meetings.

Two things:

1.	Mary Cook, Mark Taylor, & Brent Hendry all have conflicts this Thursday and Mary Cook suggested cancelling this Thursday's meeting.  Okay to cancel?  I need to do it by 10 am on Wednesday. [Shackleton, Sara]   cancel

2.	The best date for all concerned seems to be Tuesday--will you approve? [Shackleton, Sara]   sounds fine

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com


Kimberly:

Attached is a blacklined draft of the confirmation marked to show the proposed changes that Frank Sayre and Mark Taylor made.  If you have any questions, please call Frank at 57894.

Marie

 -----Original Message-----
From: 	Hundl, Kimberly
Sent:	Friday, July 27, 2001 1:14 PM
To:	Heard, Marie
Cc:	Murphy, Melissa Ann
Subject:	GE Asian Options Deal #705475

Please find attached a confirmation for this deal ("sampledoc").  I have changed the floating price language to reflect an Asian option (which I have never confirmed before), as opposed to our standard European options.  The standard floating price language for European Options is as follows:

The average of the hourly day-ahead prices as published by the New York Independent System Operator (the "NYISO") on the last day of the month that includes the applicable Determination Period on the NYISO's official web site currently located at http://mis.nyiso.com/public/index.html, or any successor thereto, under the headings "Day Ahead Market LBMP - Zonal; Zonal Prices; West (61757) (Zone F)" for electricity during the applicable Determination Period.

Please review the "Floating Price" section of this confirmation letter.

 << File: sampledoc.doc >>
Please let me know if this confirmation correctly reflects an Asian option.  The trader would like for this confirmation to go out no later than today.  Please call me if you have any questions.
Thank You,
Kimberly Hundl (x31647)