======================================================
        VENTUREWIRE --- Thursday, October 12, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o Venture Unit Breaks Off Weiss, Peck, Closes $1 Billion Fund
o Mayfield, Palm, Delphi Form Net Service Platform for Autos
o Nth Power Technologies Raises $120.5 Million Energy Fund
o B2B e-Commerce Firm ThoughtWorks Has $28 Million Round One
o Kozmo.com and Urbanfetch.com Break Off Merger Talks
o MaMaMedia Restructures in an Effort to Raise More Funds

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Also in This Issue:

     New Money:
o Compliance Firm VelQuest Closes $9.2 Million First Round
o Online Marketer Invertica Raises $2 Million in First Round
o Payment Service CheckSpace Raises $11 Million in Series A
o Platform Developer Kenamea Has $8 Million First Round
o ASP Host Kamoon Raises $23 Million in Second Round Funding
o Communications Tech Firm Onex Gets $20 Million Second Round
o E-Commerce Tech Firm KnowledgeLINK Has $11 Million Series B
o French Customer Rewards Firm Raises $7.8 Million Round Two
o Media Platform Firm Context Media Has $20 Million Series B
o Streaming Media Firm Anystream Has $13 Millon Second Round
o Wireless Firm Riot Entertainment Gets $15 Million Round Two
o Wireless Software Firm mDiversity Has $18 Million Series B
o WorldPreferred.com Raises $3.7 Million in Series B
o Net Telephone Service Keen.com Has $42 Million Third Round
o Campus Web Portal Mascot Raises $12 Million in Third Round
o Expand Networks Secures $25 Million in Third Round Funding
o Iris Recognition Firm Iridian Secures $33.3 Million Funding
o Linux-based Firm TurboLinux Closes $30 Million Third Round
o Japanese Firms Invest in e-Commerce Software Provider Miva
o M-Systems Flash Disk Invests in Saifun Semiconductors
o Software Firm KnowledgeTrack Secures $6 Million Funding
o Worlkflow Technology Provider Wellogix Closes Round Four
o AccessBroker.com Secures Backing from PSINet Ventures
o Gift Service Firm Millemercis.com Raises $662,000 in Funding
o PerkinElmer Doubles Stake in Bragg Photonics to 26%
o Texaco Invests in Broadband and Interactive Firm Red Sky

     New Deals:
o Boxman.com To Liquidate Assets Following Funding Failure
o Benchmark Tape Renamed Benchmark Storage Innovations

     M&A:
o 360HipHop.com Acquired by BET.com
o B2B Components Market Need2Buy Acquires Unimate Electronics
o CyberSight Acquires Interactive Marketing Firm Nine Dots
o Hire.com Acquires Recruiting ASP Advanced Recruiting
o Newtek Capital Gets 50% Stake in Online Tech Integrator AIDA
o Nordex Acquired By Grading Information Site PowerSchool
o Travel Site Away.com Acquires Adventuroustraveler.com

     New Directors:
o PointOne Chairman Joins CaritaSoft Board of Directors
o OpenAvenue Names Xevo Founder to Board of Directors
o Vividon CEO Ellenberger Joins Torrent's Board of Directors
o Chairman and CEO of Accord Networks Joins MeetU's Board

     New People:
o ERM Firm RedCelsius Announces New Management Team
o Media Industry Tech Startup MediaOcean Names President
o Gem and Jewelry B2B Marketplace GemKey Announces New CEO
o Net Audience Measurement Firm MeasureCast Names New CEO
o Vehicle Dealership Tech Company Ocentrix Names New CEO
o Wireless Platform Firm Zeus Wireless Has New Top Executive
o eRisks Appoints Ex-Bank of America Executive as President

     VC Fund News:
o Cardinal Venture Creates $75 Million Wireless Fund

     VC Personnel:
o Infinity Capital Names New Managing Director and Advisor

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

o Venture Unit Breaks Off Weiss, Peck, Closes $1 Billion Fund

MENLO PARK, Calif. -- Weiss Peck & Greer Venture
Partners said it spun off independent of money management
firm Weiss Peck & Greer and is now an independent
firm called Lightspeed Venture Partners. The firm
also closed Lightspeed Venture Partners I, its first
fund as an independent venture capital firm, with
$1 billion. The firm will focus on early stage investment
in communications, Internet-related companies, and
software companies. Lightspeed also said it would
offer recruiting, marketing, and operating services
to its portfolio companies and hired executives
to oversee these services. Portfolio companies from
Lightspeed's new fund include iPhotonics, a provider
of fiber opotic assembly services, Storability,
a provider of storage services, and Teem Photonics,
a provider of optical waveguide components. Lightspeed
said it will continue to work closely with Weiss,
Peck & Greer.
http://www.lightspeedventurepartners.com/
_____________________________________________

o Mayfield, Palm, Delphi Form Net Service Platform for Autos

NEW YORK -- Mayfield Fund, handheld device maker
Palm, and Delphi Automotive Systems said they have
formed a new stand-alone startup, MobileAria, which
will develop a handsfree wireless Internet service
platform for use in automobiles. The three provided
an undisclosed amount of funding in MobileAria's
recently-closed first round and have taken minority
stakes in the firm. MobileAria's platform will be
offered through a hardware device developed by Delphi
that connects with a mobile phone and Palm device.
The platform's speech recognition technology enables
users to issue voice commands so they can hear and
respond to e-mail messages, make phone calls, and
listen to Internet content while driving. The company
said it would launch its product in the second quarter
of 2001. Janice Roberts, general partner at Mayfield
Fund, said she expects the first round funding to
take MobileAria through its product launch but that
the company would raise another round of funding
next year.
http://www.mayfield.com/
http://www.delphiauto.com/
http://www.palm.com/
http://www.mobilearia.com/
_____________________________________________

o Nth Power Technologies Raises $120.5 Million Energy Fund

SAN FRANCISCO -- Nth Power Technologies, a venture
capital firm focused on investments in the global
energy utility marketplace, said it has completed
raising $120.5 million for its second venture capital
energy fund. Nth Power's previous investors, ABB,
Cinergy, Energy East, Electricite de France, and
Hydro Quebec also invested in the fund. They were
joined by new investors Alliant Energy, Avistar,
Ballentine Capital, Bank of America Capital, Central
Hudson Gas and Electric, CIBC World Markets, First
Energy, Itochu International, Lehman Brothers Venture
Capital, Meridian Energy, NiSource Development,
Norsk Hydro, PanCanadian Petroleum Limited, and
Pacific Venture Capital. The company raised $63
million for its first fund.
http://www.nthfund.com/
_____________________________________________

o B2B e-Commerce Firm ThoughtWorks Has $28 Million Round One

CHICAGO -- ThoughtWorks, which specializes in business-to-business
electronic commerce technology, said it has raised
$28 million in its first round of funding led by
Schroder Ventures US Fund. SG Cowen also invested
in the round and acted as placement agent. The company
said it will use the funds to support its growth.
Nick Somers and Kurt Bjorklund of Schroder have
joined ThoughtWorks' board of directors.
http://www.thoughtworks.com/
_____________________________________________

o Kozmo.com and Urbanfetch.com Break Off Merger Talks

NEW YORK -- Kozmo.com, a one hour delivery service
for goods purchased online, and Urbanfetch.com,
a competing online delivery service, said they have
called off recent merger negotiations. A source
close to the negotiations said Kozmo.com ended bargaining
last Thursday after discovering greater financial
liabilities than originally disclosed by Urbanfetch.
Urbanfetch's CEO Ross Stevens said in a statement
that negotiations fell apart due to differences
over business-to-consumer strategy and how it would
affect UrbanFetch's business courier service. Both
UrbanFetch and Kozmo have had significant layoffs
in recent months and in August, Kozmo.com withdrew
its planned IPO. Kozmo.com is backed by Amazon.com,
Chase Capital Partners, Flatiron Partners, Hambrecht
& Quist Group, Liberty Digital, New York City Investment
Fund, Oak Investment Partners, J.W. Seligman & Co.,
Thomas Weisel Partners, and Triad Media Ventures.
http://www.kozmo.com/
http://www.urbanfetch.com/
_____________________________________________

o MaMaMedia Restructures in an Effort to Raise More Funds

NEW YORK -- MaMaMedia, an Internet media company
that provides entertainment programming, activities,
and products aimed at children 12 years old and
younger, has laid off about 40 people as it tries
to secure additional financing. The company, which
is in the middle of trying to raise its fourth round,
said it cut approximately 40% of its staff of 110
in order to meet conditions to secure financing.
This is the second round of layoffs for the firm,
which cut 20% of its staff earlier this summer.
As part of the most recent layoffs, several MaMaMedia
departments will be restructured, though the company
said its core business would not be affected. MaMaMedia
raised a $50 million third round last fall and is
backed by BancBoston Ventures, Essex Investment
Management, Intel, J. H. Whitney & Co., J & W Seligman
& Co., RRE Investors, and Van Wagoner Capital.
http://www.mamamedia.com/

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

o Compliance Firm VelQuest Closes $9.2 Million First Round

HOPKINTON, Mass. -- VelQuest, a developer of electronic
process management and compliance technology used
for regulatory compliance in  pharmaceutical development
laboratories, said it closed a $9.2 million first
round. The financing was led by MedEquity Investors
and Chase Capital Partners. Additional investors
included BancBoston Ventures, GE Capital Commercial
Finance's Healthcare Group, and an associate of
North Bay Associates. Jeffrey T. Ward, principal
of MedEquity and James W. Fordyce, an individual
investor, have joined VelQuest's board of directors.
VelQuest will use the funds for global sales and
marketing and general corporate purposes.
http://www.velquest.com/
_____________________________________________

o Online Marketer Invertica Raises $2 Million in First Round

NEW YORK -- Invertica, an online direct marketing
network, said it raised $2 million in its first
round of funding from the Washington Post, the Dot-Edu
Fund, and Watchell Lipton Rosen & Katz. Individual
investors Ram Shriram, CEO and managing partner
at Sherpalo Ventures; Frank Newman, former chairman
and CEO of Bankers Trust; Carl Pascarella, president
and CEO of Visa; Sabeer Bhatia, co-founder of Hotmail;
Ashok Trivedi, co-founder of iGate Capital; and
Sunil Wadhwani, co-founder of iGate Capital participated
as well. Dexter Paine III, president of Fox Paine;
Harvi Sachar, founder of itsquare.com and SiliconIndia;
and Derrick Chen, director of venture investing
at Rare Ventures, also provided funding. The company
added Mr. Shriram and Mr. Newman to its board of
directors. Invertica said it will use the funds
to expand its sales staff and for marketing.
http://www.invertica.com/
_____________________________________________

o Payment Service CheckSpace Raises $11 Million in Series A

SEATTLE -- CheckSpace, which provides an online
payment service for small businesses, their vendors,
and customers, said it secured $11 million in its
Series A round led by Voyager Capital. Northwest
Venture Associates, Kellet Investment, and Staenberg
Venture Partners funded the round as well. Individual
investors  Boris Putanec, co-founder and vice president
of corporate strategy at Ariba; K.B. Chandrasekhar,
co-founder, CEO, and chairman of the board at Jamcracker;
Scott Oki, former senior vice president of sales
and marketing at Microsoft; and managing directors
of Internet Capital Group, Sam Jahallah and Robert
Pollan, also participated. The company will use
the funds for product development, marketing, and
to expand customer support. The company's services
are now available nationwide at their Web site.
http://www.checkspace.com/
_____________________________________________

o Platform Developer Kenamea Has $8 Million First Round

SAN FRANCISCO -- Kenamea, a developer of an interactive
Web platform for Internet businesses, said it raised
$8 million in its first round of funding led by
Crosspoint Ventures. Individual investors also participated
in this round of funding, which will be used for
product development. Kenamea's technology is designed
to allow e-businesses to run fully interactive Web-based
applications for real-time communication with customers,
suppliers, and partners.
http://www.kenamea.com/
_____________________________________________

o ASP Host Kamoon Raises $23 Million in Second Round Funding

FORT LEE, N.J. -- Kamoon, an ASP-hosted site that
creates an infrastructure within a company's network
that routes and manages human interactions and business
processes online, said it raised $23 million in
its second round of financing. The round was led
by the BRM Group and included participation from
Patricof Ventures, XDL Intervest Capital, and APEX
Partners. Eli Barkat, partner at BRM and CEO of
BackWeb Technologies, was added to the board of
directors. The company will use the funds to expand
into Europe and roll out new versions of its software.
http://www.kamoon.com/
_____________________________________________

o Communications Tech Firm Onex Gets $20 Million Second Round

BEDFORD, Mass. -- Onex Communications, developer
of communications components based on architecture
for optical networks and designed to combine network
routing, switching and transmission capabilities,
said it has closed a $20 million second round of
equity financing. Onex's second round of financing
was led by Venrock Associates with previous investors
Star Ventures, St. Paul Venture Capital, Seed Fund,
and TranSwitch also participating. Joe Casey, a
General Partner at Venrock, will join the Onex board.
The financial investment will be used to complete
Onex's initial product development and customer
trials.
http://www.onexco.com/
_____________________________________________

o E-Commerce Tech Firm KnowledgeLINK Has $11 Million Series B

LOS ANGELES -- KnowledgeLINK, a provider of collaborative
e-commerce technology, said it raised an $11 million
Series B round of funding for led by Timberline
Venture Partners. Other investors in this round
were Mission Ventures, Mgroup, and Pacific Life.
An undisclosed IT company contributed $5 million
in convertible debt as part of the funding round.
Jeffrey C. Tung, Timberline's managing partner,
has joined the company's board of directors. The
company plans to use the funds to expand into other
markets.
http://www.knowledgelinks.com/
_____________________________________________

o French Customer Rewards Firm Raises $7.8 Million Round Two

PARIS -- Maximiles.com, which provides customer
relationship and loyalty benefits online, said it
raised $7.8 million in its second round of funding.
The round included previous investors Sofinnova,
Innovacom, and CIC Capital Development. New investors
SPEF (Banques Populaires); GIMV, a Belgian investment
company; and individual investor Emmanuel Brizard,
founder and CEO of NetValue, also participated in
the funding. The company said it will use the funding
for Internet marketing projects and international
expansion. Maximiles has thirty partner sites which
reward their visitors with points redeemable on
the Maximiles.com site.
http://www.maximiles.com/
_____________________________________________

o Media Platform Firm Context Media Has $20 Million Series B

PROVIDENCE, R.I. -- Context Media, a provider of
processes and platforms that help media and content
companies manage and distribute rich-media content
across the Internet, said it raised $20 million
in its Series B round of funding led by Lehman Brothers
Venture Capital. Previous investors New Enterprise
Associates, Adams Capital Management, and Macromedia
Ventures also participated in this round. The company
will use the funds to develop its services and marketing.
http://www.contextmedia.com/
_____________________________________________

o Streaming Media Firm Anystream Has $13 Millon Second Round

STERLING, Va. -- Anystream, an Internet infrastructure
software company specializing in streaming media
encoding technology, said it received $13 million
in its second round of financing from the Intel
64 Fund. As part of its investment, Intel has entered
into a collaboration agreement to use the Anystream
Agility Enterprise encoding platform for its Intel
Itanium processor architecture. Anystream will use
the funding to help expand marketing and sales and
to develop additional products.  The company has
raised $17 million to date. Previous investors include
SCP Private Equity Partners and Citigroup Investments.
http://www.anystream.com/
_____________________________________________

o Wireless Firm Riot Entertainment Gets $15 Million Round Two

HELSINKI, Finland -- Riot Entertainment, the Finnish
wireless entertainment publishing company, said
it raised $15 million in its second round of funding
led by the Carlyle Group. Additional investors include
CDB WebTech, Lagos Ventures, and Stratos Ventures.
The company raised its previous round from eVentures,
the News Corp. and Softbank joint venture, and Nokia
Ventures. Riot Entertainment said it would use the
funding to rollout its serrvice with its telecommunications
partners across Europe and Asia. Within Asia, the
company is concentrating its efforts in high market
areas including the Philippines, Hong Kong, Singapore,
Japan, and Australia. Jean Bernard, from Carlyle
Internet Partners Europe, will take a seat on the
company's board of directors as a result of the
financing.
http://www.riot-e.com/
_____________________________________________

o Wireless Software Firm mDiversity Has $18 Million Series B

SAN JOSE, Calif. -- mDiversity, which develops software
designed to increase the spectrum efficiency of
wireless networks, said it secured more than $18
million in Series B funding led by Convergence Partners.
Ignition Corporation Venture Fund and Horizon Venture
also participated in the round. mDiversity will
use the financing to continue its business and product
development and for marketing. The company said
it has raised $30 million to date. Russ Irwin, of
Convergence Partners, has taken the seventh seat
on mDiversity's board of directors.
http://www.mdiversity.com/
_____________________________________________

o WorldPreferred.com Raises $3.7 Million in Series B

NEW YORK -- WorldPreferred.com, which provides a
global network for suppliers of any industry, said
it closed $3.7 million in its second round of funding
from NB Capital Partners, New Millennium Internet
Ventures Fund, and Jefferson Partners.  The company
said it will use the funds to expand  its subscribed
supplier network. The company received $1.3 million
in its seed round from Hummingbird, Bryker Technology
Partners, and Jefferson Partners.
http://www.worldpreferred.com/
_____________________________________________

o Net Telephone Service Keen.com Has $42 Million Third Round

SAN FRANCISCO -- Keen.com, which enables users to
talk online via a telephone, said it has raised
$42 million in its third round of funding co-led
by Innovation Investments and Pyramid Technology
Ventures. Other investors included an affiliate
of Merrill Lynch, Deutsche Banc Alex. Brown, CNET
Networks, and previous investors Amerindo Investment
Advisors, Benchmark Capital, Impact Venture Partners,
Integral Capital, Pivotal Asset Management, and
Vulcan Ventures. The company, which has raised $109
million to date, said it will use the funding to
accelerate its growth.  Keen.com has received funding
from Angel Investors, Attractor Investment Management,
eBay, Impact Venture Fund, Inktomi, and Microsoft.
http://www.keen.com/
_____________________________________________

o Campus Web Portal Mascot Raises $12 Million in Third Round

CAMBRIDGE, Mass. -- Mascot Network, which provides
universities and colleges with personalized Internet
communications and content, said it raised $12 million
in its third round. The investment included new
investor Hollinger International, and included participation
from previous investors Patricof, Direct Equity
Partners, and Arts Alliance. The company will use
the funds to extend its services to more universities
and colleges and for product development.
http://www.mascot.com/
_____________________________________________

o Expand Networks Secures $25 Million in Third Round Funding

ROSELAND, N.J. -- Expand Networks, a provider of
enterprise network technology, said it raised $25
million in its third round of funding from Weiss
Peck & Greer, America Online, Comcast Interactive
Capital, Kaufman Fund, Dain Rauscher Wessels, and
Pioneer Internet Fund. Israeli venture capital firms
Challenge and Tamir Fishman also participated. Previous
investors Kentech Ventures, Ophirtech Investors,
Eurocom Holdings, and the Emicom Group also provided
funding in this round.
http://www.expand.com/
_____________________________________________

o Iris Recognition Firm Iridian Secures $33.3 Million Funding

MARLTON, N.J. -- Iridian Technologies, which has
developed iris-recognition video-imaging technology,
said it secured $33.3 million in backing. New investor
GE Equity led the round, which included other new
investors Itochu Finance Corp., Joh.Enshede, NPM
Capital, and Perseus 2000. Previous investors Penny
Lane Partners and Walden Capital Partners also funded
the round. GE Equity vice president Stefan Abbruzzese
and Perseus managing director Bill Ford will sit
on the company's board of directors. The company
will use the funding to develop new technology platforms,
enhance its software, and for marketing. Iridian
Technologies was formed with the merger of IriScan
and Sensar.
http://www.iridiantech.com/
_____________________________________________

o Linux-based Firm TurboLinux Closes $30 Million Third Round

SAN FRANCISCO -- TurboLinux, a provider of Linux-based
software and services, said it raised $30 million
in its third round of funding from Deutsche Banc
Securities, H&Q Asia Pacific, CTC, Global Alliance,
Intec, I.T. Electronics, Itochu, ITX, and OBIC Business
Consultants. Toyo Information Systems, Fujitsu Limited,
Hitachi, IBM, SGI, Softbank E-commerce, and previous
investors August Capital, Dell Ventures, and Intel
Capital also participated in the round. The company
will use the funds to expand its services, product
development, and sales and marketing.
http://www.turbolinux.com/
_____________________________________________

o Japanese Firms Invest in e-Commerce Software Provider Miva

SAN DIEGO -- Miva, which provides e-commerce software
and services to small and middle size businesses,
said it has received an undisclosed amount of funding
from Japanese firms Internet Research Institute,
an Internet technology provider, and Sumitomo, a
trading company. This is the first time Miva has
received any outside funding. The company said it
will use the funds for sales and marketing and technology
development. Miva has been self-funded since it
was founded in 1996.
http://www.miva.com/
_____________________________________________

o M-Systems Flash Disk Invests in Saifun Semiconductors

FREMONT, Calif. -- M-Systems Flash Disk Pioneers,
a publicly traded developer of data storage products,
said it invested $10 million as part of a strategic
agreement with Saifun Semiconductors, an Israeli
semiconductor developer of non-volatile memory for
the flash market. The investment was a piece of
a $40 milllion round from investors which gives
Saifun a valuation of $400 million. The agreement
with Saifun enables M-Systems Flash Disk Pioneers
to gain access to the company's NROM technology.
Saifun's data storage technology stores 2 bits of
information per memory cell.
http://www.saifun.com/
http://www.m-sys.com/
_____________________________________________

o Software Firm KnowledgeTrack Secures $6 Million Funding

PLEASANTON, Calif. -- KnowledgeTrack, which provides
Internet infrastructure software for portals, communities,
and advanced e-commerce applications, said it completed
a $6 million round of funding. Granite Global Ventures,
U.S. Bancorp Piper Jaffray ECM Fund I, Alafi Capital,
and Hilan Capital participated in the round. The
funds will allow the company to continue to expand
strategic partnerships, increase brand awareness,
and  develop its products.
http://www.knowledgetrack.com/
_____________________________________________

o Worlkflow Technology Provider Wellogix Closes Round Four

HOUSTON -- Wellogix, a provider of workflow process
improvement and collaborative Internet technology
for the oil and gas industry, said it has closed
its fourth round with an undisclosed amount of financing
from The Beacon Group Energy Investment Fund II,
Andersen Consulting, Battery Ventures, Burlington
Resources, SCF Partners, TechQuest Capital Partners,
and Weatherford International. The company said
the funds are going to be used for product development
and continuing its corporate growth.
http://www.wellogix.com/
_____________________________________________

o AccessBroker.com Secures Backing from PSINet Ventures

DALLAS -- AccessBrocker.com, a provider of online
investing and trading services for self-directed,
active equity investors and traders, said it raised
an undisclosed amount of funding from  PSINet Ventures,
the corporate ventures unit of PSINet. The company
said the funds are going to be used to market its
site and for further product development.
http://www.accessbroker.com/
_____________________________________________

o Gift Service Firm Millemercis.com Raises $662,000 in Funding

PARIS -- Millemercis.com, which provides an online
gift-list service, said it raised FRF 5 million
($662,000) in its most recent round of funding from
individual investor Marc Simoncini. The company
said it would use the funding to expand its efforts
during the holiday season to consolidate its position
in the French gift service market.
http://www.millemercis.fr/
_____________________________________________

o PerkinElmer Doubles Stake in Bragg Photonics to 26%

MONTREAL -- PerkinElmer, a manufacturer of high-speed
optical components for telecommunications and optical
networking equipment companies, said it expanded
its equity stake in Montreal-based Bragg Photonics,
which manufactures high-speed optical components
for networking applications, from 13% to 26%. Bragg
said it will use the extra funds for further company
expansion, product development, and manufacturing.
http://www.braggphotonics.com/
_____________________________________________

o Texaco Invests in Broadband and Interactive Firm Red Sky

HOUSTON -- Red Sky, which provides broadband and
interactive services and strategic consulting and
technology, said Texaco has acquired a minority
equity stake in the company. Financial terms of
the deal were undisclosed. Red Sky has a two-year
agreement to assist Texaco with its electronic business
services. Red Sky has also received funding from
Omnicom's Communicade division, which manages investments
in Internet and digital media development companies.
http://www.redsky.com/

======= New Deals =======

o Boxman.com To Liquidate Assets Following Funding Failure

COPENHAGEN -- Boxman.com, a European online music
retailer, said it would seek approval from creditors
and shareholders to place the company in voluntary
liquidation. The liquidation of assets follows the
company's failure to secure additional funding.
Previous investors in the company include 2M Invest
and Novestra.
http://www.boxman.com/
_____________________________________________

o Benchmark Tape Renamed Benchmark Storage Innovations

BOULDER, Colo. -- Benchmark Tape, which develops
tape backup and archive systems for small to medium-sized
computer networks and workstations, said it is changing
its name to Benchmark Storage Innovations. Investors
for Benchmark include Read-Rite, Aweida Venture
Partners, and Quantum.
http://www.benchtape.com/

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

o 360HipHop.com Acquired by BET.com

NEW YORK -- 360HipHop.com, an online portal for
hip-hop music and culture, said it has been acquired
by BET.com, an African American portal. Financial
details of the acquisition were undisclosed. Under
the terms of the agreement BET.com and 360HipHop.com
will operate as separate sites under one business
unit with integrated management teams. Russell Simmons,
founder of 360HipHop.com, will become vice chairman
of BET.com and Scott Mills will serve as chief operating
officer for both entities. BET.com has received
investments from Microsoft, Liberty Digital, USA
Networks, and News Corp. 360HipHop.com was backed
by individual investors, Sony Music Entertainment,
and Universal Music Group.
http://www.bet.com/
http://www.360hiphop.com/
_____________________________________________

o B2B Components Market Need2Buy Acquires Unimate Electronics

WESTLAKE VILLAGE, Calif. -- Need2Buy, an online
marketplace for the electronic components industry,
said it acquired Unimate Electronics, a component
trading and fulfillment company, based in Munich,
Germany. Terms of the acquisition were not disclosed.
Need2Buy is backed by Baker Capital, TMCT Ventures,
Star Ventures, Shelter Ventures, Mitsubishi, and
Jump Investors.
http://www.unimate.de/
http://www.need2buy.com/
_____________________________________________

o CyberSight Acquires Interactive Marketing Firm Nine Dots

PORTLAND, Ore. -- CyberSight, an Internet professional
services firm, said it has acquired Nine Dots, an
interactive marketing and consulting firm. Craig
Holland will continue to serve as CEO of the Nine
Dots subsidiary and will become vice president of
Southern Californa for CyberSight. CyberSight is
majority-owned by MDC and its subsidiary Maxxcom.
Other investors include T.H. Lee & Co., Bain Captal,
Pritzker, and CIBC Capital Partners.
http://www.cybersight.com/
http://www.ninedots-corp.com/
_____________________________________________

o Hire.com Acquires Recruiting ASP Advanced Recruiting

SAN DIEGO -- Hire.com, an online recruiting application
service provider, said it acquired Advanced Recruiting
Technologies (ART), a Reticular Systems spin-off
that provides technology to automatically identify
qualified candidates from a network of Internet
based affiliate partners. Terms of the deal were
undisclosed. All ART employees will remain with
the company and Terrance Baker, president and CEO
of ART, will continue with research and development.
Hire.com is backed by Austin Ventures, Crosspoint
Ventures, Kleiner Perkins Caufield & Byers, TL Ventures,
Hearst, Pulitzer Inc., Essex Investment, and Dell
Computer. ART is funded by Reticular Systems.
http://www.hire.com/
http://www.advancedrecruitingtech.com/
_____________________________________________

o Newtek Capital Gets 50% Stake in Online Tech Integrator AIDA

NEW YORK -- Newtek Capital, a marketing and Internet
company focused on the management, development,
and integration of Internet technology and middle-market
businesses, announced it has taken a 50% stake in
 Advanced Internet Design and Applications (AIDA),
a Web technology integrator. Newtek will also receive
three of the five AIDA board seats for its undisclosed
investment. AIDA will use the funds to develop its
 technology platform, strategic initiatives, corporate
infrastructure, and staffing.
http://www.aidacorp.com/
http://www.newtekcapital.com/
_____________________________________________

o Nordex Acquired By Grading Information Site PowerSchool

FOLSOM, Calif. -- PowerSchool, which provides Web-based
grading information and educational tools to elementary
and secondary schools, said it is acquiring Nordex
International, which provides scheduling and other
school management systems. The financial terms of
the acquisition were not disclosed. PowerSchool
is backed by E. M. Warburg Pincus & Co., Group One,
and Snider Capital.
http://www.powerschool.com/
_____________________________________________

o Travel Site Away.com Acquires Adventuroustraveler.com

WASHINGTON -- Away.com, which provides online services
that allow users to research and discuss travel
and to book travel reservations, said it has acquired
Adventuroustraveler.com, a supplier of travel merchandise,
in an all- stock transaction. Financial terms of
the deal were not disclosed. Adventuroustraveler.com
will function as the gear-merchandising division
of Away.com. Away.com is backed by Circle T. Partners,
Gannet Co., New World Ventures, the partners of
Gleacher & Co., Potomac Venture, Softbank Capital
Partners, and General Catalyst. Adventuroustraveler
was funded by Green Mountain Capital, Greenrange
Partners, and Split Rock Venture. Village Ventures
and its affiliate in Vermont also made an undisclosed
investment in both companies.
http://www.away.com/

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

o PointOne Chairman Joins CaritaSoft Board of Directors

AUSTIN, Texas -- CaritaSoft, a provider of customer
management services for subscriber-based companies
in the cable and telephony industries, announced
the appointment of Richard H. Sorenson to its board
of directors. Mr. Sorenson is the chairman and former
CEO of PointOne Telecommunications. The company
is backed by Austin Ventures and individual investors.
http://www.caritasoft.com/
_____________________________________________

o OpenAvenue Names Xevo Founder to Board of Directors

ATLANTA -- OpenAvenue, a provider of collaborative
development portals, announced that Hal Chapel will
join the company's board of directors, bringing
the total to four members. Mr. Chapel is founder
and chairman of Xevo, an infrastructure technology
enabler for application service providers. OpenAvenue
is backed by CounterPoint Capital Management.
http://www.openavenue.com/
_____________________________________________

o Vividon CEO Ellenberger Joins Torrent's Board of Directors

CAMBRIDGE, Mass. -- Torrent Systems, a  provider
of services for analyzing massive volumes of clickstream
and transaction data, said it has named David J.
Ellenberger to the company's board of directors.
David Ellenberger is CEO of Vividon, a start-up
that enables high-quality video streaming on the
Web via specialized edge-based servers. Prior to
his current position, he was president of DataSage.
Other Torrent board members include Edward T. Anderson,
Managing general partner of North Bridge Ventures;
David Hathaway, managing general partner of Venrock
Associates; Edward F. Glassmeyer, founding general
partner of Oak Investment Partners; and Cary Johnson,
principal at Accelerant Executive Partners. Torrent
Systems has received financing from Intel, North
Bridge Venture Partners, Oak Investment Partners,
and Venrock.
http://www.torrent.com/
_____________________________________________

o Chairman and CEO of Accord Networks Joins MeetU's Board

WALTHAM, Mass. -- MeetU, a provider of technology
for Web meetings and instant messaging, said it
appointed Jules L. DeVigne to its board. Mr. DeVigne
is currently chairman and CEO of Accord Networks,
a manufacturer of a family of IP, ATM, and ISDN
visual and voice communications systems. MeetU.com
is backed by Concord Venture of Israel.
http://www.meetu.com/

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

o ERM Firm RedCelsius Announces New Management Team

ALPHARETTA, Ga. -- RedCelsius, which produces e-commerce
and customer relationship management software, announced
its new management team. RedCelsius president James
J. Watson has been promoted to president and CEO,
replacing co-founder and former CEO Steve Kostyshen,
who is no longer with the company. Prior to joining
the company, Mr. Watson was vice president of worldwide
client development at CFN, a Web-based consumer
financial services company. Kenneth D. Barwick is
the company's first COO and formerly held a director
position at Deloitte Consulting. William A. Fielder
III is CFO, replacing Mike Casey, who is no longer
with the company. Mr. Fielder formerly served as
vice president and CFO at Eltrax Systems, a full-service
ASP. Lisa Campbell was promoted from vice president
of marketing to senior vice president of marketing
and development. RedCelsius is backed by Celtic
House, Blue Water Capital, and First Union Capital
Partners.
http://www.redcelsius.com/
_____________________________________________

o Media Industry Tech Startup MediaOcean Names President

ATLANTA -- MediaOcean, a provider of collaborative
business tools for media industry buyers and sellers,
set to launch in February 2001, said it named Ray
Heacox as president. Mr. Heacox is former president
and general manager of KNBC-TV in Los Angeles. Eric
Hinkle, formerly president and COO of Radiant Systems,
was recently named MediaOcean's chief execuitve
officer. The company is funded by NeoCarta Ventures,
Mellon Ventures, Gray Ventures, and iXL Ventures.
http://www.mediaocean.com/
_____________________________________________

o Gem and Jewelry B2B Marketplace GemKey Announces New CEO

NEW YORK -- GemKey, a provider of e-commerce technology
to the jewelry and gem industry, announced that
Dennis G. Dracup was appointed chief executive officer,
replacing Michael Cunningham who will become president
and COO. Mr. Dracup formerly served as president
of Pitney Bowes Software Solutions. GemKey is backed
by Highland Capital Partners and Audax Ventures.
http://www.gemkey.com/
_____________________________________________

o Net Audience Measurement Firm MeasureCast Names New CEO

PORTLAND, Ore. -- MeasureCast, a company which provides
streaming audience measurement services for Internet
broadcasters and advertisers, said it named Edward
T. Hardy as chief executive officer. Mr. Hardy replaces
Randy Hill, MeasureCast's founder, who will become
chief technology officer. Mr. Hardy was previously
a mergers and acquisitions consultant, working closely
with Citadel Communications.  He has also served
as vice president and general manager of several
U.S. radio stations. MeasureCast is backed by FBR
CoMotion Venture Capital.
http://www.measurecast.com/
_____________________________________________

o Vehicle Dealership Tech Company Ocentrix Names New CEO

SEATTLE -- Ocentrix, a company that develops software
and technology for the vehicle dealership industry,
said it named John Miksa as chief executive officer.
 Mr. Miksa was most recently a vice president for
Rackspace Managed Hosting, an Internet infrastructure
start-up.  He has also held various management positions
at General Electric. Mr. Miksa replaces Alan Higginson
who will now become co-chairman of the board. Ocentrix
is backed by Colliers International, Meisenbach
Capital Management, and Dorsey & Whitney.
http://www.ocentrix.com/
_____________________________________________

o Wireless Platform Firm Zeus Wireless Has New Top Executive

COLUMBIA, Md. -- Zeus Wireless, which provides platforms
enabling wireless data networks services, said it
named David Micek as its new president and CEO.
Mr. Micek served as chief executive officer of iKnowledge
and as vice president and general manager of the
enterprise software division of Texas Instruments.
He also worked as vice president of marketing for
Neuron Data, general manager of a software product
line for Borland, and a production manager with
Ashton-Tate. Mr. Micek succeeds former president
and CEO Tuck Newport, who remains with the company.
Zeus Wireless is backed by ComVentures, Crescendo
Ventures, DynaFund Ventures, and Excelsior Private
Equity Fund II.
http://www.zeuswireless.com/
_____________________________________________

o eRisks Appoints Ex-Bank of America Executive as President

NEW YORK -- eRisks, which provides enterprise risk
management services, said it named Kerry Williams
as president. Mr. Williams comes to the company
after previously serving as the senior vice president
and general manager at Integrated eCommerce and
also working at Bank of America. Backers for eRisks
include aventic, Risk Management Solutions, Katalyst
Venture Partners, and Internet Finance.
http://www.erisks.com/

======= VC Fund News =======

o Cardinal Venture Creates $75 Million Wireless Fund

SEATTLE -- Cardinal Venture Capital, which invests
in early-stage technology companies formed by new
entreprenuers, said it has created a new $75 million
fund which will specialize in wireless communications,
Internet infrastructure, and broadband products
and services. Cardinal Venture Capital says it typically
invests between $500,000 and $2 million in each
company.
http://www.cardinalvc.com/

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

o Infinity Capital Names New Managing Director and Advisor

PALO ALTO, Calif. -- Infinity Capital, an early
stage fund focused on Internet and e-commerce infrastructure,
software, and communication companies, said it has
named John Hershey as a managing director. Mr. Hershey
will focus on Internet infrastructure and software
investments. Mr. Hershey was managing director at
Banc of America Securities, where he ran the Internet
investment banking group. The company also said
Dan Eitingon was added as a venture advisor. Mr.
Eitingon was president of the global support services
group at Visa International.
http://www.infinityllc.com/

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


-----Original Message-----
From: 	Donoho, Lindy
Sent:	Tuesday, November 27, 2001 10:18 AM
To:	Geaccone, Tracy
Cc:	Harris, Steven
Subject:	Capacity Subscription Strategy

How does this look?

Also, I did change some numbers in the excel spreadsheet:

	The Ignacio to Blanco subscription levels were pulling from the row excluding ROFR capacity in the supporting sheet.  I changed it to be consistent with the other 	capacities (which include ROFR capacity).

	Shelley had made some assumptions about East of Thoreau capacity subscription, such as, the USGT 400,000/d contract would remain subscribed (it doesn't 	have ROFR) and she had included the extension of 2-3 other contracts that don't have ROFR.  These contracts were then dropped after 2005.  I continued the 	extensions through 2006.

	I changed the East of Thoreau capacity to 750,000/d from 850,000/d.


Colleagues:

EES positions as of end of April 2001 are now available at the following
level of details:

The position (long, short, and net) in electric utility "x"
The position (long, short, and net) per customer in the electric utility "x".
The position (long, short, and net) per rate schedule/customer class in
electric utility "x".
Aggregates of the above per State, NERC Region, and Customer.

If you need any position for a specific utility in your service territory,
please contact Miyung Buster ((713-853-4329) by email with cc to: Stella
Chan, and/or Amr Ibrahim and we shall attempt to provide the data in the
shortest possible time (currently aiming at within the same business day).
Additional names for contact will be added very soon, hopefully, to shorten
the reply time and increase data reliability.

Best regards

AI
713-853-3037


Make sure you read all the way through to Enron.

-----Original Message-----
From: Tycholiz, Barry
Sent: Thursday, November 01, 2001 11:47 AM
To: Whitt, Mark
Subject: FW: How Our Economy and Others Progress (Using Cows As An
Example)

for your review. BT

-----Original Message-----
From: Fildes, David [mailto:fildesd@phibro.com]
Sent: Thursday, November 01, 2001 9:10 AM
To: Cross, Darren; Tycholiz, Barry
Subject: FW: How Our Economy and Others Progress (Using Cows As An
Example)

In spite of it all, this is humourous... I suggest you do not forward this
internally however...

DF

-----Original Message-----
From: Fisher, Billy
Sent: 01 November 2001 15:02
To: Fildes, David
Subject: FW: How Our Economy and Others Progress (Using Cows As An
Example)

Feudalism
You have two cows.
Your lord takes some of the milk.

----------

Fascism
You have two cows.
The government takes both, hires you to take care of them and sells you the
milk.

----------

Pure Communism
You have two cows.
Your neighbours help take care of them and you all share the milk.

----------

Applied Communism
You have two cows.
You must take care of them, but the government takes all the milk.

----------

Totalitarianism
You have two cows.
The government takes them both and denies they ever existed. Milk is banned.

----------

Pure Democracy
You have two cows.
You and your neighbours decide who gets the milk.

----------

Representative Democracy
You have two cows.
Your neighbours pick someone to tell you who gets the milk.

Mexican Democracy
You have two cows.
The government takes both and drafts you into the army.

----------

European Democracy
You have two cows.
The EU commission decides which regulations for feeding and milking apply.
If
there aren't any, they invent some. They pay you not to milk the cows.
They take both cows, shoot one, milk the other and pour the milk down the
drain.
They then require you to fill out forms accounting for the missing cows.

----------

American Democracy
The government promises to give you two cows, if you vote for it.
After the election, the president is impeached for speculating in cow
futures.
The press dubs the affair "cowgate," but supports the president.
The cows sue you for breach of contract.
Your legal bills exceed your annual income.
You settle out of court and declare bankruptcy.

----------

Capitalism
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows. You sell them and retire on the
income.

----------

Enron Venture Capitalism
You have two cows.
You sell three of them to your publicly listed company, using letters of
credit
opened by your brother-in-law at the bank, then execute a debt/equity swap
with
an associated general offer so that you get all four cows back, with a tax
exemption for five cows.  The milk rights of the six cows are transferred
via an
intermediary to a Cayman Island company secretly owned by the majority
shareholder who sells the rights to all seven cows back to your listed
company.
The annual report says the company owns eight cows, with an option on one
more.

*******************Internet Email Confidentiality Footer*******************
The UK firms of Arthur Andersen, Andersen Corporate Finance and Andersen
Private
Client Services are authorised by the Institute of Chartered Accountants in
England and Wales to carry on investment business.  For each firm, a list of
partners is available at 180 Strand, London, WC2R 1BL (principal place of
business).

Privileged/Confidential Information may be contained in this message.  If
you
are not the addressee indicated in this message (or responsible for delivery
of
the message to such person), you may not copy or deliver this message to
anyone.
In such case, you should destroy this message and kindly notify the sender
by
reply email. Please advise immediately if you or your employer does not
consent
to Internet email for messages of this kind.  Opinions, conclusions and
other
information in this message that do not relate to the official business of
my
firm shall be understood as neither given nor endorsed by it.


AQUARIUS

                   For April 17-23: Travel plans shape up and
                   morph into much more. Every step you take
                   seems to branch out into a sea of possibilities --
                   especially lately. The old rules don't apply
                   anymore. The idea of signing up for something
                   and hanging in there until retirement doesn't suit
                   an innovator like you. Your developing success
                   will beget an avalanche of more success. Have
                   your bags packed in preparation for spur of the
                   moment opportunities and travel necessities.
                   Your wanderlust is starting to surface in a big
               way. You want to know more and experience life
               on a richer level. You're not the same person
               you were even a year ago. You understand more
               about yourself. Be open to travel, moving,
               advanced training, and additional contact with
               media and publishing. The word is out, Aquarius
                   -- and hard-to-pass-up offers are already in the
                   mail. . . .


Rick,
Let's have this meeting today/tonight.

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


-----Original Message-----
From: 	Black, Tamara Jae
Sent:	Monday, July 02, 2001 1:55 PM
To:	Presto, Kevin M.; Broderick, Paul J.; Benson, Robert; Carson, Mike; Meyn, Jim; Burnett, Lisa; Makkai, Peter; Stepenovitch, Joe; Rogers, Benjamin; Willis, Cory; Evans, Casey; Thomas, Paul D.; Hanse, Patrick; Campbell, Larry F.; Quenet, Joe; Gupta, Gautam
Cc:	Davis, Mark Dana
Subject:	Weekend @ Barton Creek

Dana Davis would like you and your spouse/significant other to join the Northeast Group for a weekend away at Barton Creek in Austin on July 20th - July 22nd.  Enron has arranged for morning golf on the Crenshaw Cliffside Course and relaxing afternoon Spa Services.  All accommodations, activities, and meals have been arranged, however, you will need to provide your own transporation to and from Austin, Texas.

Please let me know by Friday, July 6th if you will be able to attend.

Thanks and hope to see you there,

Tjae


Did Steve S ask that it be added to the list?  I would let them bring it up
if he didn't.  We spent quite a bit of time and effort on the LOL clause, and
it was subject to lots of give and take.

Kay

John G Rigby@ENRON_DEVELOPMENT
05/18/2001 07:03 AM
To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@ENRON, pthompson@akllp.com,
Roseann Engeldorf/Corp/Enron@ENRON
cc: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Bill
Williams/PDX/ECT@ECT, John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Arcos- World Hunger- LOL fines carve out.

GE has informed us during the Arcos discussion that GE senior management has
directed that the GE deal team cannot agree to allowing GE indemnity
obligations related with government fines for failure to comply with law to
be exclude from the limit of liability.

This needs to be added to Pete T's World Hunger Punchlist of issues.

Enron Arcos deal team has not agreed to GE's position.


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/28/2000
09:11 AM ---------------------------

	From:  Doug Leach                           11/27/2000 07:06 AM

To: Jeffrey A Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT
cc: Eric Gonzales/LON/ECT@ECT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Clay
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wayne
Perry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maurizio La
Noce/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Todd
Peterson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marc De La Roche/HOU/ECT@ECT,
John L Nowlan/HOU/ECT@ECT
Subject: GASTECH 2000 presentation - fyi

We are working with Bechtel on several projects and as a good customer they
sent us the attached information.
---------------------- Forwarded by Doug Leach/HOU/ECT on 11/27/2000 07:04 AM
---------------------------

"Avidan, Amos" <aaavidan@bechtel.com> on 11/21/2000 02:48:46 PM
To:
cc:
Subject: GASTECH 2000 presentation - fyi

 Attached for your information please find the text and slides of a
presentation titled "Natural gas utilization - will LNG stay competitive?"
It was presented at GASTECH 2000 in Houston 15 November 2000.  The
presentation focuses on innovative ways to improve project planning and
execution.  I hope you find it of use, and please let me know if you have
any comments.  Thanks you.
  <<Gastech 2000 slides aaa.ppt>>  <<Gastech 2000 paper.doc>>
Amos Avidan
Director of Petroleum & Chemicals Technology
Bechtel Corporation
3000 Post Oak Blvd
PO Box 2166 Houston TX 77252-2166
Tel 1-713-235-4561
Fax 1-713-871-7973
e-mail aaavidan@bechtel.com

 - Gastech 2000 slides aaa.ppt
 - Gastech 2000 paper.doc


F R I D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

CDCD   FREE: NetFutures' exclusive eStarter Kit CD-ROM
CDCD   http://www.ino.com/specials/netfutures/

Andrew,

KEY EVENTS TO WATCH FOR:

8:30 AM ET. May unemployment report (April: Jobless rate 4.5%,
non-farm payroll jobs -223,000, earnings +0.4%; Forecast: 4.6%,
payrolls -18,000, earnings +0.3%)

9:40 AM ET. May Economic Cycle Research Institute's future inflation
gauge (April: 107.4)

9:45 AM ET. May Foundation for International Business and Economic
Research leading inflation index (April: 97.6)

10:00 AM ET. April construction spending (March: +1.3%; Forecast:
+0.2%)

10:00 AM ET. May NAPM manufacturing index (April: 43.2, price index
48.9: Forecast: 43.7, price index 48.3)

4:15 PM ET. Commercial/Industrial loans.

KEY HEADLINES:

Pirelli denies any Lucent offer but is monitoring developments.

Prudential denies any current interest in acquiring Stilwell Fncl.

Euro-zone May manufacturing PMI contracts to 48.3 from April's 49.2.

Frances's Trichet says global 2001 outlook has sizable uncertainties.

Exxon, Shell set to lead key Saudi gas projects, says report.

Shares in Dutch telecom KPN slump on report of $4.2-4.7 billion
rights issue.

Sodexho Alliance launches $846 million, 1-for-6 share rights issue.

French consumer confidence plunges in May.

The STOCK INDEXES & MARKETS

The NASDAQ and S&P 500 were lower overnight following Thursday's
minor short covering bounces. Ongoing weakness in high-tech stocks
amidst earnings concerns due to a continued slowing of the U.S.
economy leaves the doors open for additional weakness near-term.
Traders will be paying close attention to this morning's unemployment
report for further signs of a slowing economy. Meanwhile, the Dow's
short covering bounce and mid-range close on Thursday leaves the door
open for sideways to lower prices into early-June. If the decline off
last week's high continues, May's reaction low crossing at 10,774.10
is the Dow's next target.

European markets were lower in overnight trading as they took their
lead from U.S. equity markets, which were also lower overnight.
Losses were tempered by the latest Euro-zone March retail sales
report that showed overall sales for the year are up 1.6% on the
year. However, retail sales were down 0.4% on the month. Retail sales
in all sectors were weak compared to February's figures. The UK FTSE-
100 was down 13.50 points at 5782.60 while the German DAX-30 was down
37.58 points at 6085.68 as of 11:06 BST.

The Nikkei was nearly steady overnight as traders were reluctant to
take a major position ahead of the weekend and the U.S. May
unemployment report due out this morning. A modest rebound in
high-tech stocks, which have taken a beating in recent days, tempered
some of the overnight losses. Nevertheless, the Nikkei posted a
second close below the 38% retracement level of this spring's rally
that crosses at 13,363. This week's breakout has opened the door for
a possible test of the 50% retracement level crossing at 12,995 later
this year. Momentum indicators remain bearish signaling that
additional weakness near-term is possible. The Nikkei closed down
0.30 points to 13,261.84.

INTEREST RATES

September bonds were slightly higher overnight as it extended
Thursday's short covering gains. However, trading was subdued ahead
of the release of May's unemployment report later this morning.
Momentum indicators are turning bullish following Thursday's rally
signaling that sideways to higher prices into early- June are
possible. However, it will take multiple closes above this spring's
downtrend line crossing near 100-00 before a bottom can be confirmed.

The German bond market or Bunds were higher overnight following the
release of the euro-zone retail sales report that showed overall
sales are up 1.6% on the year. Additional support came from light
short covering ahead of the release of the U.S. non-farm payroll and
the National Association of Purchasing Management data due to be
released later this morning. The June Bunds were last up 0.42 at
106.47.

Japanese government bond markets declined slightly overnight due to
light profit taking ahead of the weekend. The lead June 10-year JGB
futures closed at 140.52 yen, down 0.07 while the yield on the
benchmark No. 231 June 10-year cash bond stood at 1.245%, up 0.005 as
of 1515 JT.

The ENERGY MARKETS were mostly lower in overnight trading with the
exception of unleaded gas. Trading was rather subdued after
Thursday's wild price action. The markets are looking ahead to next
week's OPEC meeting in Vienna where they will decide whether or not
to raise crude oil output or keep it unchanged. Their decision will
depend on Iraq's implementation of its threats to stop oil exports in
case the U.N. Security Council adopts the so-called "smart
sanctions".

July crude oil was lower overnight as it is working on a possible
inside day. July is challenging the 38% retracement level of this
year's rally crossing at 28.26. Multiple closes below this support
level and last week's low at 28.10 would open the door for a
larger-degree decline ahead of next week's OPEC meeting. Momentum
indicators are bearish signaling that sideways to lower prices are
possible.

July heating oil was lower overnight as it is working on a possible
inside day. A second close below this spring's uptrend line crossing
near 77.60 would confirm a top and trend change has taken place. If a
trendline breakout is confirmed, May's reaction low crossing at 74.55
is July's next target. Momentum indicators are bearish signaling that
additional weakness is possible.

July unleaded gas was slightly higher due to light short covering
overnight following Thursday's high-range close. A higher close
during the day session would increase the odds that Thursday's spike
below May's reaction low crossing at 91.20 might have marked a double
bottom. Momentum indicators remain bearish signaling that additional
weakness into early-June is possible.

July Henry Hub natural gas was lower overnight following Thursday's
downside reversal and is below last October's low crossing at 3.86.
Multiple closes below this week's low crossing at 3.67 would open the
door for a possible test of fib support crossing at 3.64 later this
month. Ongoing seasonal weakness and the replenishing of natural gas
inventory supplies is expected to keep downside pressure on the
natural gas market into early-summer. The daily ADX (a
trend-following indicator) remains in a bearish modes signaling that
additional weakness near-term is possible.

CURRENCIES

The September Euro is working on a possible inside day but was
slightly lower overnight following Thursday's breakout into new lows
for the year. If the decline continues, a test of last October's lows
crossing at 83.77 is possible later this month. The daily ADX (a
trend-following indicator) is bearish signaling that sideways to
lower prices are possible into early-June are possible.

The September British Pound opened modestly higher overnight due to
light short covering as it consolidated some of Thursday's losses. A
higher close during the day session would increase the odds that
Thursday's decline was only a minor setback leaving the door open for
additional short covering off last week's low. Momentum indicators
are turning neutral to bullish, which suggests that sideways to
higher prices into early-June are possible. If the rebound off last
week's low resumes, trendline resistance crossing near 1.4290 is
September's next target.

The September Swiss Franc opened lower in overnight trading following
Thursday's breakout into new contract lows. The recent breakout below
last October's low crossing at .5643 has opening the door for a test
of weekly support crossing at .5488 later this month. The ADX (a
trend-following indicator) has entered a bearish trend mode signaling
that additional weakness during June is possible.

The September Canadian Dollar was higher overnight thereby confirming
Thursday's upside reversal. The late-week rebound has set the stage
for a test of May's high crossing at .6541. Multiple closes above
this resistance level are needed to renew this spring's rally.
Momentum indicators have turned bullish signaling that sideways to
higher prices during the first half of June are possible.

The September Japanese Yen was higher overnight as it extended
Thursday's rally, which confirmed an upside breakout of this spring's
trading range. If this spring's rally continues, minor resistance
crossing at .8702 is a potential target later this month. The daily
ADX (a trend-following indicator) has entered a bullish trend mode
signaling that additional gains near-term are possible.

PRECIOUS METALS

August comex gold was higher overnight due to light short covering
following Thursday's breakout below April's uptrend line crossing
near 267.50. This week's closes below the uptrend line have confirmed
a breakout and opening the door for a test of this spring's low
crossing at 257.30 later this year. Stochastics and RSI are bearish
signaling that additional weakness into June is likely.

July silver was slightly higher overnight due to light short covering
as it consolidates some of its losses of the past four trading
sessions. Follow-through short covering during the day session is
possible as short traders bank some of this week's profits ahead of
the weekend. Nevertheless, momentum indicators have turned bearish
signaling that additional weakness near-term is possible. If the
decline off last week's high continues, a test of trading range
support crossing at 4.31 is July's next target later this year.

July copper was lower overnight extending this week's decline.
However, Thursday's mid-range close leaves the door open for two-
sided trading on Friday as a short covering bounce ahead of the
weekend is possible. If this week's decline continues, a test of
May's low crossing at 74.75 is possible later this month. Momentum
indicators are bearish signaling that sideways to lower prices into
early-June appears likely.

GRAINS

July corn was fractionally higher overnight as traders await this
morning's export sales report, which was delayed due to the Memorial
Day holiday on Monday. Pre-report estimates range from 800,000 to
1,000,000 metric tonnes. Thursday's rally was triggered by
end-of-the-month short covering and rising concerns over cool/wet
conditions across the western Corn Belt, which has slowed early crop
development and has forced some producers to replant portions of the
crop that have been drowned out. Thursday's high tested May's
downtrend line crossing at 1.93 1/4. Multiple closes above this
resistance level would signal that a short-term low has likely been
posted. Also a higher close on Friday would increase the odds that
the recent breakout below weekly support crossing at 1.91 1/2 might
have marked a bear trap. Early calls are for July corn to open steady
to 3/4 of a cent higher this morning.

July wheat was higher in overnight trading due to rising concerns
over potential disease problems with the hard red winter wheat crop
in Kansas. This week's closes above broken support crossing at 2.65
have tempered the near-term bearish outlook in the market while
opening the door for a possible test of May's downtrend line crossing
near 2.72 later this month. This morning's export sales report is not
expected to show a significant increase in export demand, which has
been less than stellar all year. Pre-report sales estimates range
from 350,000 to 450,000 metric tonnes. Early calls are for July wheat
to open 1 to 2 cents higher this morning.

SOYBEAN COMPEX

July soybeans were higher in overnight trading due to spillover short
covering from Thursday's strong rally. Rising concerns over cool/wet
weather across the heart of the U.S. Soybean Belt, which is causing
emergence problems along with delayed planting triggered Thursday's
rally. Additional support comes from demand, which remains strong and
should force the USDA to raise this years export projection in the
June supply/demand report. Multiple closes above recent highs
crossing at 4.53 1/2 would confirm an upside breakout of this
spring's trading range while opening the door for a possible test of
March's high crossing at 4.77 3/4 later this month. Pre-report
estimates for this morning's export sales report range from 200,000
to 300,000 metric tonnes. Early calls are for July soybeans to open
steady to 2 to 3 cents higher this morning.

July soybean meal was higher overnight due to follow-through short
covering from Thursday's strong rebound. Thursday's close above
broken trendline support has tempered the near-term bearish outlook
in the market. Closes above last Friday's high crossing at 168 would
renew this spring's rally making the 62% retracement level of this
winter's decline crossing at 169.40 July's next target. Pre-report
sales estimates range from 100,000 to 150,000 metric tonnes. Early
calls are for July soybean meal to open 20 to 40-cents higher this
morning.

LIVESTOCK

August hogs closed higher for the third day in a row on Thursday and
above the 62% retracement level of this spring's decline crossing at
63.40. While a setback is possible on Friday due to light profit
taking ahead of the weekend, this week's rally has opened the door
for a possible test of April's gap crossing at 64.90 later this year.
Momentum indicators have turned bullish signaling that sideways to
higher prices into early-June are possible.

August cattle gapped up and closed above the 75% retracement level of
this year's decline crossing at 73.83 on Thursday. Today's rally
renewed May's advance and set the stage for a test of January's high
crossing at 75.00 later this spring. Expectations for steady to $1.00
higher cash trades this week triggered today's rally. Momentum
indicators are bullish but have become overbought warning traders to
use caution as a top may be near.

FOOD & FIBER July coffee plunged below April's low crossing at 58.80
on Thursday thereby renewing this year's downtrend. Today's move to
new lows opened the door for a test of long-term support crossing at
51.70 later this year. Moderating temps across Brazil's coffee
growing region along with abundant supplies by North American
roasters and huge exchange stocks continue to weigh on coffee prices.

July cocoa closed lower on Thursday and below trading range support
crossing at 955. Session lows fell just short of testing the 62%
retracement level of this winter's rally crossing at 929. I would not
be surprised to see a short covering bounce on Friday that could lead
to a test of broken support at 955. However, momentum indicators
remain bearish signaling that additional weakness into early-June is
possible. If the decline continues, the 75% retracement level at 862
is July's next target.

July sugar posted an inside day with a lower close as it tried to
consolidate some of this week's losses. However, the door to lower
prices remains open following Tuesday's trendline breakout. While
another day or two of consolidation is possible, the door is open for
additional weakness into early-June with 832 then 808 being possible
targets.

July cotton closed slightly higher on Thursday as it continues to
consolidate above psychological support crossing at 40-cents. Talk of
lost cotton production in west Texas provided minor support. However,
beneficial rain farther south in west Texas tempered gains. The Delta
and Southeast are expected to see more rain next week with most of
the U.S. cotton crop in good shape. Pre-report export sales estimates
range from 100,000 to 150,000 bales.
_____________________________________________________________________

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Please print and fax to me at home.  Thanks
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/25/2000 08:40
AM ---------------------------

	From:  Scott Healy @ ECT                           10/25/2000 08:32 AM

To: Kay Mann/Corp/Enron@ENRON
cc: Stephen Plauche/Corp/Enron@Enron

Subject: Re: FuelCell peformance levels

1.  There will be a sound guarantee.

2.  Output & efficiency we definitely want FCE to exercise commercially
reasonable efforts to achieve their expected specifications.  I am not
certain on the other guarantee points.  My answer will be influenced by what
ENSR and the technical people tell me.

Steve--Have you received the specifications and guarantee points for the 2.4
MW units.  Have you forwarded to ENSR?


I'm still out of town, but now I have email access.  Did your CA get taken
care of?

You mentioned that you feel like we can use Tex-Mex as a go-by.  Do you have
electronic copies of the development agreement?

Thanks,

Kay


Bankruptcy 101

In an effort to educate employees about the nuts and bolts of bankruptcy, Enron is sponsoring five Bankruptcy 101 sessions next week. These sessions will focus on the basics of the bankruptcy process in general (not Enron specific).

When:	 Monday, January 28th - Friday, February 1st  from noon until 1:00 daily
Where:  5C2 in Enron Center North

Each session is limited to 50 participants, so you must RSVP if you would like to attend. Simply select a button above to indicate the date you would like to attend. You will then be sent a confirmation email. Note: This does not automatically post your calendar.  The sessions will be filling up quickly--so don't delay in reserving your spot!


We'll guarantee a minimum of $200,000 for 2002 based on current price of $25,000 per data room.  We will not agree to an allocation though.

Thanks

Louise

-----Original Message-----
From: Piper, Greg
Sent: Thursday, October 04, 2001 3:58 PM
To: Delainey, David; Dietrich, Janet; Lavorato, John; Kitchen, Louise; Fallon, Jim; McMahon, Jeffrey; Bowen Jr., Raymond; Shankman, Jeffrey A.; Mcconnell, Mike; McCarty, Danny; Sherriff, John
Cc: Richter, Brad; Pickering, Mark; Beck, Sally; Wasaff, George; Mesquita, Ross; Whalley, Greg
Subject: DealBench in 2002

As you know, we have an application in ENW called DealBench.  This application allows deal rooms, data rooms and auctions.

ENW has done a complete review of this application and determined the following:

(1)  It is very difficult to build a successful, externally facing business based on the above lines of service in an ASP format.  Outside marketing to external clients for a fee was stopped in July 2001.

(2)  A change in the eCommerce landscape combined with Auctioning technology becoming a commodity makes it very difficult to sell the application and associated intellectual property.  ENW has approached 22 separate companies about a purchase of the software since April with no outright bids.

(3)  However, the auction and deal room functionality was used by many internal business units for a variety of reasons.  According to expected budgets and expected costs prior to events vs. actual results after auctions and deal rooms occurred, Enron business units realized approximately $8 million in value.  In the past, ENA has done 13 data rooms, EES did 2 live auctions, EBS did 3 live auctions, Corp. did 4 live auctions, tax did a deal room and NBPL did 2 auctions in addition to the small amount of business that was done by non-Enron clients.

Therefore, the question going forward is if several business units in Enron will take the application on an allocated or commitment to services basis for 2002.  The total estimated expense for the application (depreciation, ongoing technical and commercial support, etc.) is $2 million for 2002.

If a representative of each business unit would get back to me with an answer soon, that would be great.  The application works well and has provided real value to Enron.  If there is not enough interest in it, I will discuss with Whalley what we do about potentially shutting it down.

Thanks.

Greg Piper
Chief Executive Officer

Enron Net Works, LLC

  _____


_________________________________________________________________

            B R E A K F A S T   W I T H   T H E   F O O L
                     Wednesday, November 22, 2000

benjamin.rogers@enron.com
_________________________________________________________________

REGISTER TO BECOME A FOOL -- GET FREE STUFF!
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"Everything's got a moral, if only you can find it." --- Lewis
Carroll

COKE LOSES ITS FIZZ FOR QUAKER
Coke's board says "no thanks" to the Quaker Oats deal. Who's
next in line?

By LouAnn Lofton

First it was PepsiCo (NYSE: PEP). Then it was Coca-Cola (NYSE:
KO). Now it looks like it's the French food company Groupe
Danone (NYSE: DA). What am I talking about? The latest bidder
for cereal company and Gatorade-owner Quaker Oats (NYSE: OAT),
of course.

Talks between Coke and Quaker are over. Coke's board of
directors met yesterday to discuss the potential $15.75 billion
stock acquisition of Quaker. Coca-Cola wanted Quaker for the
same reason that Pepsi did -- the Gatorade sports drink.
Gatorade controls about 80% of the sports drink market, with
Coke's Powerade coming in second. Coke would have been saddled,
though, with those parts of Quaker's business that make up the
majority of its revenues and are growing the slowest -- its
cereal and oatmeal operations.

It's likely that several factors led to the decision by Coke's
board not to proceed with the Quaker acquisition. First, with
value guru Warren Buffett as a director, you better believe that
the price Coke was going to pay for Quaker was a very important
consideration. Coke's shares had been driven down 10% since the
potential deal was announced Monday, as many thought Coke would
be paying too much for Quaker.

Another factor that likely caused the board to reject the
acquisition was the potential for antitrust hang-ups with the
deal, given that Coke's sports drink Powerade controls the
largest part of the market after Gatorade. A third contributing
factor was probably one of focus. Coke refocused itself on its
core beverages business in the late 1980s, and buying Quaker --
with its Cap'n Crunch and Rice-A-Roni, among other brands --
would have moved it beyond the beverage business once again. The
company doesn't appear to want to take that route.

So, Pepsi's out, Coke's out, and already, another company has
announced that it's pulling a chair up to the bidding table.
Danone issued a statement confirming that it is considering a
bid for Quaker. The bottled water, dairy products, and biscuits
company wants to develop its business to become "a world leader
in focused, growth oriented, healthy nutrition and beverage
business." Perhaps Quaker can help it get there.
_________________________________________________________________

NEWS TO GO

NTT DoCoMo, a subsidiary of Nippon Telegraph and Telephone
Corporation (NYSE: NTT), is rumored to be interested in buying a
20% stake in AT&T Wireless (NYSE: AWE). The investment would be
about $9 billion. A deal like this would give DoCoMo a presence
in the strong U.S. wireless communications market. Currently,
AT&T Wireless is a tracking stock of AT&T (NYSE: T). Once AT&T
splits into four separate businesses, AT&T Wireless will become
an independent company.

Software company Novell (Nasdaq: NOVL) announced fourth-quarter
and fiscal year-end earnings yesterday. Sales in the fourth
quarter fell 21% to $273 million from last year's $344.5
million. A decline in sales of the company's packaged software
to small businesses impacted results. On a diluted per share
basis, Novell broke even in the fourth quarter, matching
analysts' expectations. It earned $0.17 a share in the fourth
quarter last year. For the fiscal year, net income dropped to
$49 million, or $0.15 a diluted share, compared to $191 million,
or $0.55 per share the year before.

CacheFlow (Nasdaq: CFLO) reported second-quarter results
yesterday. The company, which makes technology that improves the
flow of content over the Internet, lost $0.09 a share on a pro
forma basis. Analysts had expected a loss of $0.11 a share.
CacheFlow's revenues grew to $32.55 million from last year's
$22.45 million. This sales increase of 45% was below the 55%
increase expected by some analysts, and shares traded down
after-hours despite the company's smaller-than-expected loss.

The president of fashion designer and retailer Liz Claiborne
(NYSE: LIZ) resigned. Denise V. Seegal, whose last day is
December 8, has been president of Liz Claiborne since 1996. Liz
Claiborne's Chairman and CEO Paul Charron said that there are no
plans to replace her, and that he'll be taking over her duties.
Charron said, "We had different approaches. I wanted to get
closer to the managers running the business units."

Check out all of yesterday's market Foolishness with one click.
http://www.fool.com/m.asp?i=207491
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MsgId:
msg-30695-2000-11-22_9-20-25-3362561_2_Plain_MessageAddress.msg-09:25:09(11-22
-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


I have it

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:22 AM
To:	Huble, Amanda
Subject:	RE:

by the way where is my present

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:07 AM
To:	Maggi, Mike
Subject:	RE:

I knew you would like that

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:07 AM
To:	Huble, Amanda
Subject:	RE:

that was a good comeback

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:05 AM
To:	Maggi, Mike
Subject:	RE:

maybe I like trouble

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:05 AM
To:	Huble, Amanda
Subject:

you better be careful about drinks I think you might be in trouble


Hey Guz, just wanted to write and see how your Xmas was?  Mine was good
except that we missed Jason and Emiria over in Holland but we did get a
chance to talk to them.. they are having lots of fun and have been traveling
around Holland and Paris. Did you have to work on Xmas?  I hope not.  Just
wondering if you got my holiday card that I sent to you.  The only address I
had for you was your work one so hopefully it will make it up to you from
the mailroom or something.  I sent some pics in there so hopefully you get
it.  I was great seeing you and Burnsy a couple of weeks ago.  What is the
news on him?  Is he dating that girl that we went out with yet or is she
still living at her ex boyfriends house?
Ricky comes tomorrow and I am so excited.  Things between us have really
sparked again so we will see what happens when he is out here.  This is
always the make it or break it trip after two people have broken up and have
not seen each other.  I hope that things work out but if not everything
happens for a reason.  I am just really excited to see him and hang out.  we
are heading up to Tahoe to gamble on Friday and Sat and then come home on
Sunday to go to the city for new Year's.  It should be a good time but you
know what can happen when people gamble and drink so this will be
interesting!!!
Anyways, hope all is well!!1  Have fun working on New Year's I will be
thinking about you when you sit lonely in your cube!!!
Hahaha!!!Just kidding!!!
Lots of love, KIM

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


Kay,  Please review the attached data sheet and let me know if there any
problems.  Thanks for your help.


It's 11:55 am on Sunday - have tried your cell phone, but did not get an answer.  Left you a message that Beth, Jeff, and Brent are all here and working on their respective pieces.  We will convene as a group about 12:30 here in my office.  If you can join us at 1:00, we can give you an update.  --Sally

-----Original Message-----
From: Pickering, Mark
Sent: Saturday, November 17, 2001 10:31 AM
To: Beck, Sally
Subject: Sunday

Hi Sally,

FYI, I'm going to have a window of about 1 'till 4 on Sunday afternoon that I can make it into the office. I'll have my cell with me at all times.

Regards
MRP


Sam,

Minor corrections.

Vince


as promised, forwarding to you the e-mail from Ian Brungs

Robert E. Bruce
Senior Counsel
Enron Wholesale Services
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com
----- Forwarded by Robert Bruce/NA/Enron on 05/29/2001 02:39 PM -----

	Ian Brungs/Enron@EUEnronXGate
	05/29/2001 09:15 AM

		 To: Robert Bruce/NA/Enron@Enron
		 cc:
		 Subject: Softs

Hello Robert,

Here are the results of the due diligence on our end. If we ever decide to
start trading on exchange or for physical delivery we will have to review the
advice again. Ultimately I focussed on the products mentioned (ie the one
month look alikes tied to the NYBOT and LIFFE). Please note that I have
included more countries than in our origianl list. All the countries below
have been approved with the exception of Italy(we are currently in the
process of obtaining approval for such products from the Italian regulator).
If you have any further concerns or questions please do not hesitate to
contact me. Again, apologies for any delay.

ian

Austria
Belgium
Croatia
Czech Republic
Denmark
Finland
France
Germany
Hungary
Ireland
Italy- No
Monaco
Netherlands
Norway
Poland- If offline then language requirements.
Russia
Slovak
Slovenia
Singapore
Spain
Sweden
Switzerland
Turkey
UK


Bob -

I've edited our numbers a bit on the Azurix analysis and would like you to
re-run the joint probabilities tables.

Please note that I've got 2 cases in the model now - an optimistic case and a
pessimistic case.  I hope you can run both cases.  (you will need to toggle
for case 1 or 2 - real complicated stuff!!)

Please keep everything else the same (ie, the currency probabilities, RAB
probabilities, etc.)

Thanks for your help.

Michael Anderson
646-9666


Please note a new version of curve manager has been tested in the Stage environment which include below features:

1. We will be able to mark Swaption Volatility -- In the past (current version of curve manager you are using) we only have one set of volatility curves which is being applied to the calculations of option deal type but for swaptions our calculation is using the volatility in the deal entry.  The new version of curve manager allows us the mark a seperate volatility curve for swaption deal type, for informational purpose only at this stage.  Our calculation system will continue to use the volatility specific to each swaption in deal entry until further notice.

2. In the past if you mark the long term (by month) price "change" column directly in the curve manager for certain month, the curve manager will automatically apply the same change to be the same price change for the same month in all other years.  In the new version, this "automatic" feature will be removed.  Please note if you mark long term curves by doing copy and paste from Excel rather than by marking the curve change directly in the curve manager, this "automatic" feature has not affected you in the past and will not affect you in the new version.

Risk has tested above changes to the curve manager successfully.  Please let us know as soon as possible if you have other concerns by Monday (10/22) or we will ask IT to release the new version.

Thanks,

Fran

 -----Original Message-----
From: 	Govindasamy, Sivakumar
Sent:	Wednesday, October 17, 2001 1:45 PM
To:	Evans, Casey; Chen, Hai; Dahlke, Andrea; Postlethwaite, John; Chang, Fran; Law, Samantha; Dunton, Heather
Cc:	Nommensen, Dave; Lee, Norman; Balasundaram, Arun; Ramakotti, Anand; Yang, Zhiyun
Subject:	New Curve Manager in Stage (V 2.1.016

We have new Curve Manager system (version 2.1.0.16) in stage and can be accessed through Enpower Launchpad (Stage).

New Feature: Swaption Volatility is included.
Change: Year on Year spread has been removed.
Data : We have data for all the curves for Effective date Oct 9th through Oct 15th. Only Nepool have Swaption Volatility curve.

Since we have to move the year on year spread change to East soon, your early response on the test would be highly appreciated. Please feel free to call me at x 57926. Thanks

-Shiva


i think the velocity of the down move will be much less severe from here.
still dont think this is equilibrium.  need to see aga coming in lower than
expectations for a couple weeks signaling that we've moved down the demand
curve.  think a lot of spec shorts are looking to take profits as we get
close to the psychological 400 target.  market needs producer selling to get
us through there.  have seen some as williams is starting to hedge barrett :
hence the weakness in the back of the curve recently.  still going lower but
it will be a tougher move from here.

From: Jennifer Fraser/ENRON@enronXgate on 05/09/2001 02:12 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: reminder -pira dinner sund may 13 th 7.45 pm st regis

what do you think now?
see you sunday


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 01/29/2001
04:08 PM ---------------------------

	From:  George F Smith                           01/29/2001 02:41 PM

To: Kevin Brady/NA/Enron@Enron, Martin Cuilla/HOU/ECT@ECT, Wes
Dempsey/NA/Enron@Enron, Tom Donohoe/HOU/ECT@ECT, Darren
Espey/Corp/Enron@ENRON, Tammy Gilmore/NA/Enron@ENRON, Lisa
Kinsey/HOU/ECT@ECT, Kirk Lenart/HOU/ECT@ECT, Andrew H Lewis/HOU/ECT@ECT,
Teresa McOmber/NA/Enron@ENRON, Patrice L Mims/HOU/ECT@ECT, Charles T
Muzzy/HOU/ECT@ECT, Joe Parks/Corp/Enron@ENRON, Cora
Pendergrass/Corp/Enron@ENRON, Kevin Ruscitti/HOU/ECT@ECT, Mark L
Schrab/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Kelli Stevens/HOU/ECT@ECT,
Geoff Storey/HOU/ECT@ECT, Margie Straight/HOU/ECT@ECT, Jessica
White/NA/Enron@Enron, Jason Williams/HOU/ECT@ECT
cc:
Subject: SITARA/CPR AVAILABILITY

FYI
---------------------- Forwarded by George F Smith/HOU/ECT on 01/29/2001
02:39 PM ---------------------------

Russ_Severson@enron.com on 01/29/2001 02:24:34 PM
To: Jeffrey_C_Gossett@enron.com
cc:
Subject: SITARA/CPR AVAILABILITY

The SITARA system will be brought down Saturday afternoon (February 3  @
5PM Central Time) to facilitate
trading changes on the East desk.  The system will be available early
Monday morning.

CPR will be available during this time.

Please call the SITARA HOTLINE ((713) 853-7049) if you have any questions
or concerns.


Here you go.

Felecia


Jeff:
Thanks.  I think that a call would be a great idea.  Please let me know when.
Carol


I will be able to attend by phone (subject to kid noise in the bakground
however).  Please leave me a voice mail at 36349 to let me know phone in
details.

Thanks
Elizabeth


Dale,

Do you have the missing info?  If not, I can send it to you.

Kay


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FB10SP


Attached is the GenCo model.


From the CPUC news conference yesterday

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 06/14/2001 12:04 PM -----

	"Manuel, Erica" <Erica.Manuel@edelman.com>
	06/13/2001 12:11 PM

		 To: "Allen, Stevan" <stevan.allen@edelman.com>, AReM <arem@electric.com>,
"Douglas Oglesby (E-mail) (E-mail)" <doao@chevron.com>, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, "Jeffrey Hanson (E-mail) (E-mail)"
<jeff.hanson@phaser.com>, "Joseph Alamo (E-mail) (E-mail)"
<jalamo@enron.com>, Megan Beiser <megan.beiser@edelman.com>, "'Robert Morgan'
(E-mail)" <rmorgan@newenergy.com>, "Warner, Jami" <jami.warner@edelman.com>
		 cc:
		 Subject: PUC Agenda call recap

> According to the PUC:
>
> Direct access will not be voted on tomorrow: The Treasurer, Department of
> Finance and the DWR have put out a memo regarding the parameters necessary
> for bonds to be issued directly. Commissioner Wood will be issuing a draft
> decision later this week that addresses these parameters.
(We should try to locate these documents - AReMers, can you work with your
PUC contacts to get a copy of the DOF/DWR memo?)

PUC Quote: "The commission is aware of legislative efforts to address direct
access. We do not intend to get ahead of these legislative efforts...the PUC
is operating in parallel with the Legislature."

> Erica Manuel
> Edelman Worldwide / Sacramento
> 916/442-2331 phone
> 916/447-8509 fax
> erica.manuel@edelman.com
>


I will have to get into meather's planner tonight...... but I think I can get
it...... I will try to give it to you this wk end

MC


The budgeting period for 2002 is now upon us.  In order to assist  you in developing a budget for 2002 and meeting the potential expense reduction required by the Office of the Chair, we would like you,  with assistance from your management accountant/BUC,  to follow the steps below in preparing your budget.  All budgets need to be complete by FRIDAY SEPTEMBER 21st.

STEP 1 - Calculate Potential Cost Reduction

As part of our ongoing focus on cost the Office of the Chair has asked that you prepare an analysis of possible cost reductions.  Targets for these proposed cost reductions have been set at 10% to 20% of the lower of your 2001 Plan and your CE2 submission.   Your management accountant will prepare this analysis for you.

STEP 2 -  Prepare Your 2002 Budget

The attached pack will assist you in preparing your 2002 budget.   The pack identifies 5 key steps in preparing a budget and should only take a few minutes to read.   As a starting point to the 2002 budget process your management accountant will work with you  to calculate your  SUSTAINABLE/BASELINE spend.  This is the most important step in the budget process, as by fully understanding your baseline spend the remaining budget for 2002 can be built around that baseline, depending on commercially-driven projects or initiatives anticipated for 2002.

Sustainable/ Baseline spend is defined as:

Support Groups
Your 2001 operational run rate  - i.e. the minimum cost required to run your area.  This does not include projects or other non-recurring items.
If your area includes teams that work on deals then your baseline should include the employee needed to support the current level of deals.

Commercial
 Based on your 2001 run rate and the headcount required to maintain current revenue levels.  This will include trading and origination staff.

Your management accountant has a completed pro-forma  template that they will use to help you calculate your sustainable/baseline budget.  Once you have agreed and understood your spend then the remainder of the budget process can be completed.

STEP 3 - How to Meet Your Targets.

Once Step 2 is complete you will be in a position to assess the calculated cost base reductions in Step 1. If you have not met the target then you will be required to formulate a plan as to how the target reductions could be achieved and what services, tasks or initiatives cannot be performed if you were asked to meet the targets.  This analysis will be used during your budget meeting and will allow the Office of the Chair to decide if the specified services, tasks  or initiatives could be cut.  Your management accountant/BUC will assist you in preparing this analysis.

WHAT NEXT?

Your management accountant will be contacting you shortly to discuss the budget process in more detail.
A pro-forma final budget pack is available from your management accountant.  This pack will be used as the main discussion document in your budget meetings with the Office of the Chair.
We will be arranging times in your diary for meetings with the Office of the Chair which will commence in Mid September.

If you have any question please contact your management accountant or  either myself or Suzanne Lane on x34254

regards,
Stephen x34738