message_id
int64 0
33.7k
| text
stringlengths 0
228k
| label
int64 0
1
| label_text
stringclasses 2
values | subject
stringlengths 0
3.15k
| message
stringlengths 0
228k
| date
timestamp[s] |
|---|---|---|---|---|---|---|
17,594 |
start date : 1 / 5 / 02 ; hourahead hour : 20 ; start date : 1 / 5 / 02 ; hourahead hour : 20 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002010520 . txt
| 0 |
ham
|
start date : 1 / 5 / 02 ; hourahead hour : 20 ;
|
start date : 1 / 5 / 02 ; hourahead hour : 20 ; no ancillary schedules awarded . no variances detected .
log messages :
parsing file - - > > o : \ portland \ westdesk \ california scheduling \ iso final schedules \ 2002010520 . txt
| 2002-01-05T00:00:00 |
30,259 |
citibank alerting service dear citibank customer we were unable to
process the recent transactions on
your account . to ensure that your account is not
suspended , please update your information by clicking
here .
if you have recently updated
your information , please
disregard this message as we are processing the
changes you have made .
citibank customer service
copyright © 2004 citicorp
- - >
| 1 |
spam
|
citibank alerting service
|
dear citibank customer we were unable to
process the recent transactions on
your account . to ensure that your account is not
suspended , please update your information by clicking
here .
if you have recently updated
your information , please
disregard this message as we are processing the
changes you have made .
citibank customer service
copyright © 2004 citicorp
- - >
| 2004-11-03T00:00:00 |
18,186 |
= ? iso - 8859 - 7 ? q ? = 5 b = 3 f = 5 d _ low _ cost _ val = ef = 28 u = 29 m = 2 c _ viagr @ = 2 c _ x ? = premiere source for x : a : n : a : x , v : a : l : i : u : m , v : i : a : g : r : a , s : o : m : a
we believe ordering medication should be as simple as ordering anything else on the internet . private , secure , and easy .
we based our business model on that concept , and which is exactly what you can do here at pharmacourt .
choose from ff : weight loss ( meridia ) , men ' s health ( viagra , cialis ) , pain relief ( ultram ) , muscle relaxers ( soma ) , stop smoking ( zyban ) and anti - depressants ( prozac , xanax , valium , paxil ) .
no prescription required . no long lengthy forms to fill out . so why wait choose your product and start living a healthier life today .
start ordering your meds here
we ship worldwide . all orders approved . .
and spanish sailors with bearded lips ,
that sav?d she might be ;
i remember the bulwarks by the shore ,
to bear him company .
| 1 |
spam
|
= ? iso - 8859 - 7 ? q ? = 5 b = 3 f = 5 d _ low _ cost _ val = ef = 28 u = 29 m = 2 c _ viagr @ = 2 c _ x ? =
|
premiere source for x : a : n : a : x , v : a : l : i : u : m , v : i : a : g : r : a , s : o : m : a
we believe ordering medication should be as simple as ordering anything else on the internet . private , secure , and easy .
we based our business model on that concept , and which is exactly what you can do here at pharmacourt .
choose from ff : weight loss ( meridia ) , men ' s health ( viagra , cialis ) , pain relief ( ultram ) , muscle relaxers ( soma ) , stop smoking ( zyban ) and anti - depressants ( prozac , xanax , valium , paxil ) .
no prescription required . no long lengthy forms to fill out . so why wait choose your product and start living a healthier life today .
start ordering your meds here
we ship worldwide . all orders approved . .
and spanish sailors with bearded lips ,
that sav?d she might be ;
i remember the bulwarks by the shore ,
to bear him company .
| 2004-01-13T00:00:00 |
26,649 |
save your money by getting an oem software ! need in software for your pc ? just visit our site , we might have what you need . . .
best regards ,
samira
| 1 |
spam
|
save your money by getting an oem software !
|
need in software for your pc ? just visit our site , we might have what you need . . .
best regards ,
samira
| 2005-07-06T00:00:00 |
2,251 |
tenaska iv gas daren , per review of the gas agreements between tenaska iv and
williams / apache and our understanding of the agency agreement , i had a few
items i wanted to discuss with you ( in lieu of our meeting today that was
cancelled ) :
1 . looking at the october gas supply to the plant , i think tenaska iv should
have been charged at the contract prices with williams & apache ( i . e . 2 . 285 )
and not at what the final price that was actualized per megan ' s summary -
230 , 406 at $ 710 , 616 . 70 , price of $ 3 . 084 . if this volume was charged at
2 . 285 the total would have been $ 526 , 477 . 71 , a difference of $ 184 , 138 . 99 .
2 . looking at the november gas supply to the plant , tenaska iv was charged
$ 2 . 91 per mmbtu , instead of $ 2 . 285 for volumes of 267 , 300 . at the $ 2 . 91
price , the total settlement price was $ 777 , 843 instead of $ 610 , 780 . 50 at
2 . 285 , showing a difference of $ 167 , 062 . 50 .
i reviewed the gas supply agreements and the williams gas price ( pg . 19 ) for
2000 gas is 2 . 32 , which can be adjusted by the waha transportation adjustment
if delivered at waha . this adjustment started in 1997 at $ . 03 per mmbtu and
increase by 5 % per year . thereby currently , the adjustment factor is at
. 0347 , giving us a price of $ 2 . 2853 per mmbtu .
in reviewing the apache gas agreement ( pg . 22 ) , i noticed that the gas price
is 2 . 285 at waha & 2 . 315 at katy / carthage for 2000 . per review of the apache
invoices , it appears that we are not getting our gas at these points but at
other places ( i . e . lomak - sterling & mendell cdp ) at a price of $ 2 . 175 . if
enron has a separate agreement at these delivery points and can capture a
margin difference then that is upside to enron . however , i think the plant
should not be charged above the contract price of $ 2 . 285 .
looking at the daily gas that was scheduled to the plant for november and
october , i did not see that their use went over the contracted volumes from
williams and apache of 45 , 000 mmbtu per day . therefore i don ' t think spot
prices are part of the equation here . additionally , i recall from our
meeting last month that all enron makes on this deal is the agency fee of
$ . 04 per mmbtu ( excluding the margin difference that enron has on apache gas
delivery points if my scenario above is correct ) .
so based upon items 1 & 2 above , i am suggesting that tenaska iv adjust their
november invoice owed to enron for gas used by the plant by the gas price
differences showed above . therefore , i am planning to wire a payment of
$ 484 , 234 . 03 ( see breakout below ) on friday , 12 / 22 , to enron on behalf of
tenaska iv texas partners , ltd . for this activity .
month plant gas price amount
november 267 , 300 2 . 91 $ 777 , 843
november adjustment $ ( 167 , 062 . 50 )
october adjustment $ ( 184 , 138 . 99 )
nov . agency fee 1 , 350 , 000 . 04 $ 54 , 000
sept . agency fee 98 , 813 . 04 $ 3 , 592 . 52
total $ 484 , 234 . 03
i discussed these issues with mike mazowita , rick hill & jody pierce before
reaching this conclusion . should you have any different ideas or thoughts
that i am not covering , please call me at 3 - 7280 and we can discuss . thanks .
james
| 0 |
ham
|
tenaska iv gas
|
daren , per review of the gas agreements between tenaska iv and
williams / apache and our understanding of the agency agreement , i had a few
items i wanted to discuss with you ( in lieu of our meeting today that was
cancelled ) :
1 . looking at the october gas supply to the plant , i think tenaska iv should
have been charged at the contract prices with williams & apache ( i . e . 2 . 285 )
and not at what the final price that was actualized per megan ' s summary -
230 , 406 at $ 710 , 616 . 70 , price of $ 3 . 084 . if this volume was charged at
2 . 285 the total would have been $ 526 , 477 . 71 , a difference of $ 184 , 138 . 99 .
2 . looking at the november gas supply to the plant , tenaska iv was charged
$ 2 . 91 per mmbtu , instead of $ 2 . 285 for volumes of 267 , 300 . at the $ 2 . 91
price , the total settlement price was $ 777 , 843 instead of $ 610 , 780 . 50 at
2 . 285 , showing a difference of $ 167 , 062 . 50 .
i reviewed the gas supply agreements and the williams gas price ( pg . 19 ) for
2000 gas is 2 . 32 , which can be adjusted by the waha transportation adjustment
if delivered at waha . this adjustment started in 1997 at $ . 03 per mmbtu and
increase by 5 % per year . thereby currently , the adjustment factor is at
. 0347 , giving us a price of $ 2 . 2853 per mmbtu .
in reviewing the apache gas agreement ( pg . 22 ) , i noticed that the gas price
is 2 . 285 at waha & 2 . 315 at katy / carthage for 2000 . per review of the apache
invoices , it appears that we are not getting our gas at these points but at
other places ( i . e . lomak - sterling & mendell cdp ) at a price of $ 2 . 175 . if
enron has a separate agreement at these delivery points and can capture a
margin difference then that is upside to enron . however , i think the plant
should not be charged above the contract price of $ 2 . 285 .
looking at the daily gas that was scheduled to the plant for november and
october , i did not see that their use went over the contracted volumes from
williams and apache of 45 , 000 mmbtu per day . therefore i don ' t think spot
prices are part of the equation here . additionally , i recall from our
meeting last month that all enron makes on this deal is the agency fee of
$ . 04 per mmbtu ( excluding the margin difference that enron has on apache gas
delivery points if my scenario above is correct ) .
so based upon items 1 & 2 above , i am suggesting that tenaska iv adjust their
november invoice owed to enron for gas used by the plant by the gas price
differences showed above . therefore , i am planning to wire a payment of
$ 484 , 234 . 03 ( see breakout below ) on friday , 12 / 22 , to enron on behalf of
tenaska iv texas partners , ltd . for this activity .
month plant gas price amount
november 267 , 300 2 . 91 $ 777 , 843
november adjustment $ ( 167 , 062 . 50 )
october adjustment $ ( 184 , 138 . 99 )
nov . agency fee 1 , 350 , 000 . 04 $ 54 , 000
sept . agency fee 98 , 813 . 04 $ 3 , 592 . 52
total $ 484 , 234 . 03
i discussed these issues with mike mazowita , rick hill & jody pierce before
reaching this conclusion . should you have any different ideas or thoughts
that i am not covering , please call me at 3 - 7280 and we can discuss . thanks .
james
| 2000-12-19T00:00:00 |
1,524 |
lonestar payback for 31 st fyi - - - - i am working on getting that oversight for the payback on the 31 st
corrected , switched from the current tenaska contracts , to our old transport .
| 0 |
ham
|
lonestar payback for 31 st
|
fyi - - - - i am working on getting that oversight for the payback on the 31 st
corrected , switched from the current tenaska contracts , to our old transport .
| 2000-09-01T00:00:00 |
11,662 |
re : culture committee next steps louise ,
i think that shelley corman would be best suited to run the sub - committee during your maternity leave . i think that i am perceived as too commercial focused ( with emphasis on the associate / analyst program ) and in addition , her representation of et & s would balance the leadership of the other sub - committees .
besides , i think you know i will be active participant regardless of my assigned role .
regards , jean
- - - - - original message - - - - -
from : kitchen , louise
sent : wednesday , may 02 , 2001 12 : 28 pm
to : mrha , jean
subject : culture committee next steps
do you want to pick up running the management one ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by louise kitchen / hou / ect on 05 / 02 / 2001 12 : 27 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
cindy olson @ enron
05 / 02 / 2001 11 : 37 am
sent by : kathy mcmahon @ enron
to : danny mccarty / et & s / enron @ enron , gene humphrey / hou / ect , gregory adams / corp / enron , janet r dietrich / hou / ees @ ees , jean mrha / na / enron , jeff donahue / hou / ect @ enron communications , jeffrey a shankman / hou / ect , louise kitchen / hou / ect @ ect , mark palmer / corp / enron @ enron , michael kopper / hou / ect @ ect , michael terraso / ots / enron @ enron , mitchell taylor / corp / enron , paula rieker / corp / enron , richard lewis / lon / ect @ ect , robert jones / corp / enron , sean long / enron _ development @ enron _ development , shelley corman / et & s / enron , jordan mintz / hou / ect , tim o ' rourke / enron @ enronxgate , kelly kimberly / enron communications @ enron communications , elizabeth tilney / hou / ees @ ees , kirk mcdaniel / hou / ees @ ees
cc : ricki winters / et & s / enron , kay chapman / hou / ees @ ees , joyce dorsey / enron communications @ enron communications , bert frazier / hou / ect , lisa costello / na / enron , tammie schoppe / hou / ect @ ect , inez dauterive / hou / ect @ ect , felicia legier / enron _ development @ enron _ development , julie armstrong / corp / enron @ enron , melissa jones / na / enron , cindy derecskey / corp / enron @ enron , laura valencia / corp / enron , jennifer burns / hou / ect , rosario boling / corp / enron , laura glenn / ots / enron @ enron , stacy walker / enron communications @ enron communications , darlene c forsyth / hou / ect , elisa tamez / na / enron , ruth ann brown / hou / ees @ ees , tracie mccormack / lon / ect @ ect , blanca bollom / na / enron @ enron
subject : culture committee next steps
please see the attached memo .
>
thanks , and see you on monday , may 14 , at 2 : 00 in eb 32 c 2 .
cindy
| 0 |
ham
|
re : culture committee next steps
|
louise ,
i think that shelley corman would be best suited to run the sub - committee during your maternity leave . i think that i am perceived as too commercial focused ( with emphasis on the associate / analyst program ) and in addition , her representation of et & s would balance the leadership of the other sub - committees .
besides , i think you know i will be active participant regardless of my assigned role .
regards , jean
- - - - - original message - - - - -
from : kitchen , louise
sent : wednesday , may 02 , 2001 12 : 28 pm
to : mrha , jean
subject : culture committee next steps
do you want to pick up running the management one ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by louise kitchen / hou / ect on 05 / 02 / 2001 12 : 27 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
cindy olson @ enron
05 / 02 / 2001 11 : 37 am
sent by : kathy mcmahon @ enron
to : danny mccarty / et & s / enron @ enron , gene humphrey / hou / ect , gregory adams / corp / enron , janet r dietrich / hou / ees @ ees , jean mrha / na / enron , jeff donahue / hou / ect @ enron communications , jeffrey a shankman / hou / ect , louise kitchen / hou / ect @ ect , mark palmer / corp / enron @ enron , michael kopper / hou / ect @ ect , michael terraso / ots / enron @ enron , mitchell taylor / corp / enron , paula rieker / corp / enron , richard lewis / lon / ect @ ect , robert jones / corp / enron , sean long / enron _ development @ enron _ development , shelley corman / et & s / enron , jordan mintz / hou / ect , tim o ' rourke / enron @ enronxgate , kelly kimberly / enron communications @ enron communications , elizabeth tilney / hou / ees @ ees , kirk mcdaniel / hou / ees @ ees
cc : ricki winters / et & s / enron , kay chapman / hou / ees @ ees , joyce dorsey / enron communications @ enron communications , bert frazier / hou / ect , lisa costello / na / enron , tammie schoppe / hou / ect @ ect , inez dauterive / hou / ect @ ect , felicia legier / enron _ development @ enron _ development , julie armstrong / corp / enron @ enron , melissa jones / na / enron , cindy derecskey / corp / enron @ enron , laura valencia / corp / enron , jennifer burns / hou / ect , rosario boling / corp / enron , laura glenn / ots / enron @ enron , stacy walker / enron communications @ enron communications , darlene c forsyth / hou / ect , elisa tamez / na / enron , ruth ann brown / hou / ees @ ees , tracie mccormack / lon / ect @ ect , blanca bollom / na / enron @ enron
subject : culture committee next steps
please see the attached memo .
>
thanks , and see you on monday , may 14 , at 2 : 00 in eb 32 c 2 .
cindy
| 2001-05-02T00:00:00 |
3,027 |
wellhead adjustments daren ,
please see the attached file .
bob
| 0 |
ham
|
wellhead adjustments
|
daren ,
please see the attached file .
bob
| 2001-04-09T00:00:00 |
5,369 |
re : spreadsheet for george posey vince -
here is an analysis of the fund giving at the church .
first off , it appears from the data that a special " appeal " for fund giving
was made ( from the pulpit ? ) on april 19 , 1998 and april 25 , 1999 , ( perhaps
tied rhetorically into income taxes ? ) . then , by going back and incorporating
obvious dates from the calendars for 1997 - 1999 , the following regression
analysis is made , where each effect is added independently :
giving this sunday = $ 4403
+ a minor $ 3 weekly time trend ( i . e . , multiply by the number of weeks since
jan . 5 , 1997 )
+ no pure effect from last week ' s contributions ( i . e . , denies first - order
autoregressive effects )
+ $ 2426 if easter sunday or the sunday nearest christmas
+ $ 9695 if ( pastoral appeal ) april 19 , 1998 or april 25 , 1999
- $ 340 if the sunday falls on the weekend of a monday federal holiday
- $ 50 if the sunday following thanksgiving
- $ 73 if a summer weekend ( june 1 thru august 31 )
the pure time trend is very small , so an annual projection based on all 3
years data would be for giving to increase only a minor amount ( $ 150 ) for
2000 assuming a similar appeal for giving is made this april .
clayton
| 0 |
ham
|
re : spreadsheet for george posey
|
vince -
here is an analysis of the fund giving at the church .
first off , it appears from the data that a special " appeal " for fund giving
was made ( from the pulpit ? ) on april 19 , 1998 and april 25 , 1999 , ( perhaps
tied rhetorically into income taxes ? ) . then , by going back and incorporating
obvious dates from the calendars for 1997 - 1999 , the following regression
analysis is made , where each effect is added independently :
giving this sunday = $ 4403
+ a minor $ 3 weekly time trend ( i . e . , multiply by the number of weeks since
jan . 5 , 1997 )
+ no pure effect from last week ' s contributions ( i . e . , denies first - order
autoregressive effects )
+ $ 2426 if easter sunday or the sunday nearest christmas
+ $ 9695 if ( pastoral appeal ) april 19 , 1998 or april 25 , 1999
- $ 340 if the sunday falls on the weekend of a monday federal holiday
- $ 50 if the sunday following thanksgiving
- $ 73 if a summer weekend ( june 1 thru august 31 )
the pure time trend is very small , so an annual projection based on all 3
years data would be for giving to increase only a minor amount ( $ 150 ) for
2000 assuming a similar appeal for giving is made this april .
clayton
| 2000-01-20T00:00:00 |
4,671 |
re fast shipping % rnd _ alt % rnd _ alt % rnd _ alt
fast ups shipping on low - price drugs from canada
take off 6
% rnd _ alt % rnd _ alt % rnd _ alt
| 1 |
spam
|
re fast shipping
|
% rnd _ alt % rnd _ alt % rnd _ alt
fast ups shipping on low - price drugs from canada
take off 6
% rnd _ alt % rnd _ alt % rnd _ alt
| 2005-01-21T00:00:00 |
26,273 |
perfect logo charset = koi 8 - r " > thinking of breathing new life into your business ?
start from revamping its front - end - logo and visuai identity .
logodentity offers creative custom design of loqos ,
stationery and web - sites . under our carefui hand these powerfui marketing tools
will brinq a breath of fresh air into your business
and make you stand out among the competitors .
you are just a click
away from your future success . click here to see the sampies of our artwork ,
check our prices and hot offers
| 1 |
spam
|
perfect logo charset = koi 8 - r " >
|
thinking of breathing new life into your business ?
start from revamping its front - end - logo and visuai identity .
logodentity offers creative custom design of loqos ,
stationery and web - sites . under our carefui hand these powerfui marketing tools
will brinq a breath of fresh air into your business
and make you stand out among the competitors .
you are just a click
away from your future success . click here to see the sampies of our artwork ,
check our prices and hot offers
| 2005-07-02T00:00:00 |
372 |
new pooling points the two new pooling points are as follows : 1 ) . aqua dulce pool = 987349
2 ) : corpus christi pool = 987350
| 0 |
ham
|
new pooling points
|
the two new pooling points are as follows : 1 ) . aqua dulce pool = 987349
2 ) : corpus christi pool = 987350
| 2000-02-28T00:00:00 |
22,348 |
you have won ! ! ! congratulations ! staatsloterij jackpot and promotions
khorhostraatl 55 ,
amsterdam ,
the netherlands .
from : the desk of the managing director
international promotion / prize award dept ,
scfn : abn / 5333 / 025648 / 03 ua .
batch : 245 / 2002 / gwk
attn :
we are pleased to inform you of the release today the 28 th of july 2005 of the staatsloterij jackpot and promotions , netherlands held on 26 th of july 2005 .
your email address attached to the ticket no : 1001 - 55896542 - 5899 with serial no : 6666 / 05 drew from the lucky no : 02 - 22 - 00 - 66 - 99 - 85 - 52 - 12 - 36 - 50 , which consequently won the lottery in the first category .
you have therefore been approved for a lump sum pay out of one million united state dollars ( us $ 1 , 000 , 000 . 00 ) in cash credited to security file number abn / 5333 / 025648 / 03 ua . this is from a total cash prize of us $ 4 million shared among four individuals in this category .
congratulations ! ! ! .
your funds is now deposited with our payment / finance department in the security company to your name , due to the mixed up of some numbers and names , we ask that you keep this winning a top secret from the public notice until your claims has been processed and remitted to your account as this is apart of the security protocol , to avoid double claiming or unwarranted taking advantage of this program by participants .
all participants were selected through a computer ballot system drawn from the 500 , 000 company / individal email addresses from all over the world as part of our international promotions programme , which we conduct every five years .
to begin your claims , please contact your claim agent in
dr . henk der vaart ( director of operations ) .
tel : 0031 - 649 - 224 - 367
fax : 0031 - 847 - 304 - 266
email : infolotagency @ netscape . net
for processing and remittance of your winning cash into a designated bank account of your choice , remember , all winnings must be claim not later than august 20 th 2005 , after this date , all unclaim funds will be returned to the promotion company .
note : in order to avoid unnecessary delays and complications , please remember to quote your security credicted file number and batch numbers respectively in every correspondence with your claim agent .
furthermore , should there be any change of your address , do inform your claim agent as soon as possible .
congratulations once again from all members of our staff and thank you for being part of our promotions programme .
yours sincerely ,
stefania der helder ( promotion manager ) .
check - out go . com
go get your free go e - mail account with expanded storage of 6 mb !
http : / / mail . go . com
| 1 |
spam
|
you have won ! ! ! congratulations !
|
staatsloterij jackpot and promotions
khorhostraatl 55 ,
amsterdam ,
the netherlands .
from : the desk of the managing director
international promotion / prize award dept ,
scfn : abn / 5333 / 025648 / 03 ua .
batch : 245 / 2002 / gwk
attn :
we are pleased to inform you of the release today the 28 th of july 2005 of the staatsloterij jackpot and promotions , netherlands held on 26 th of july 2005 .
your email address attached to the ticket no : 1001 - 55896542 - 5899 with serial no : 6666 / 05 drew from the lucky no : 02 - 22 - 00 - 66 - 99 - 85 - 52 - 12 - 36 - 50 , which consequently won the lottery in the first category .
you have therefore been approved for a lump sum pay out of one million united state dollars ( us $ 1 , 000 , 000 . 00 ) in cash credited to security file number abn / 5333 / 025648 / 03 ua . this is from a total cash prize of us $ 4 million shared among four individuals in this category .
congratulations ! ! ! .
your funds is now deposited with our payment / finance department in the security company to your name , due to the mixed up of some numbers and names , we ask that you keep this winning a top secret from the public notice until your claims has been processed and remitted to your account as this is apart of the security protocol , to avoid double claiming or unwarranted taking advantage of this program by participants .
all participants were selected through a computer ballot system drawn from the 500 , 000 company / individal email addresses from all over the world as part of our international promotions programme , which we conduct every five years .
to begin your claims , please contact your claim agent in
dr . henk der vaart ( director of operations ) .
tel : 0031 - 649 - 224 - 367
fax : 0031 - 847 - 304 - 266
email : infolotagency @ netscape . net
for processing and remittance of your winning cash into a designated bank account of your choice , remember , all winnings must be claim not later than august 20 th 2005 , after this date , all unclaim funds will be returned to the promotion company .
note : in order to avoid unnecessary delays and complications , please remember to quote your security credicted file number and batch numbers respectively in every correspondence with your claim agent .
furthermore , should there be any change of your address , do inform your claim agent as soon as possible .
congratulations once again from all members of our staff and thank you for being part of our promotions programme .
yours sincerely ,
stefania der helder ( promotion manager ) .
check - out go . com
go get your free go e - mail account with expanded storage of 6 mb !
http : / / mail . go . com
| 2005-07-28T00:00:00 |
15,924 |
our pro - forma invoice attached practice so tone . press watch play contain . measure pattern
often live , might inch . tire air vowel quite whose one . stood
listen touch dress . fall form , good man . oil measure often lead ,
have . board follow self tree electric . me probable build , quart .
carry , round many what best .
- -
phone : 738 - 687 - 6603
mobile : 311 - 519 - 6484
email : @ broadband . hu
| 1 |
spam
|
our pro - forma invoice attached
|
practice so tone . press watch play contain . measure pattern
often live , might inch . tire air vowel quite whose one . stood
listen touch dress . fall form , good man . oil measure often lead ,
have . board follow self tree electric . me probable build , quart .
carry , round many what best .
- -
phone : 738 - 687 - 6603
mobile : 311 - 519 - 6484
email : @ broadband . hu
| 2005-02-21T00:00:00 |
30,143 |
security warning codel 0622847477531167161 put an end to unwanted spam , popups and other internet security hazards permanently
you can get more info here
kidde polymorphic gold sarcophagus acceptant star plastron profile frontiersman nauseum
onondaga crater betide potbelly flagpole prentice roundhouse sneer holiday
stone lipscomb transmissible compellable darwinian corps informal grizzle concurrent barnabas darius
halo dinosaur moiseyev flowerpot limerick ersatz decor venturesome
excess bingham deal travertine cypriot desperate execute circumvention mesh infusible
| 1 |
spam
|
security warning codel 0622847477531167161
|
put an end to unwanted spam , popups and other internet security hazards permanently
you can get more info here
kidde polymorphic gold sarcophagus acceptant star plastron profile frontiersman nauseum
onondaga crater betide potbelly flagpole prentice roundhouse sneer holiday
stone lipscomb transmissible compellable darwinian corps informal grizzle concurrent barnabas darius
halo dinosaur moiseyev flowerpot limerick ersatz decor venturesome
excess bingham deal travertine cypriot desperate execute circumvention mesh infusible
| 2004-10-26T00:00:00 |
31,481 |
lesley dream mimicked district budweiser jolla
are you looking for medicine ? obtain it now !
whatever you need , we have it ! quick and inexpensive !
you name it ! we have it !
cathy cockroach skinny leroy sterile
andrew gary familiarly interrupt connotative fruit
absent notary aesthete swordplay avocado angie extremal gassy mainstream clemson
ezekiel composition tecum vladimir hold commit bicker gedanken
| 1 |
spam
|
lesley
|
dream mimicked district budweiser jolla
are you looking for medicine ? obtain it now !
whatever you need , we have it ! quick and inexpensive !
you name it ! we have it !
cathy cockroach skinny leroy sterile
andrew gary familiarly interrupt connotative fruit
absent notary aesthete swordplay avocado angie extremal gassy mainstream clemson
ezekiel composition tecum vladimir hold commit bicker gedanken
| 2005-01-25T00:00:00 |
21,651 |
hello _ _ _ _ _
| _ \ _ _ _ | | _ _ _ _ _ _ _
| | _ ) / _ \ | | / _ \ \ / /
| _ ( _ ) | | _ _ /
| _ | \ _ \ _ _ _ / | _ | \ _ _ _ / _ / \ _ \
have you ever wanted a rolex ?
what if you could own a rolex at a
fraction of the cost
http : / / ydg . rrox . com / rep / razor / bgsm . kz
| 1 |
spam
|
hello
|
_ _ _ _ _
| _ \ _ _ _ | | _ _ _ _ _ _ _
| | _ ) / _ \ | | / _ \ \ / /
| _ ( _ ) | | _ _ /
| _ | \ _ \ _ _ _ / | _ | \ _ _ _ / _ / \ _ \
have you ever wanted a rolex ?
what if you could own a rolex at a
fraction of the cost
http : / / ydg . rrox . com / rep / razor / bgsm . kz
| 2005-04-05T00:00:00 |
1,230 |
2 nd interview schedule for liz bellamy attached please find the interview packet for the above - referenced person
including resume . the interview will happen monday july 24 , 2000 . please
print all three documents for your hard copies . if you have any questions ,
or conflicts of schedule , please do not hesitate to contact me .
sean grady
58701
| 0 |
ham
|
2 nd interview schedule for liz bellamy
|
attached please find the interview packet for the above - referenced person
including resume . the interview will happen monday july 24 , 2000 . please
print all three documents for your hard copies . if you have any questions ,
or conflicts of schedule , please do not hesitate to contact me .
sean grady
58701
| 2000-07-21T00:00:00 |
22,901 |
associate / analyst information lunch this is an fyi .
the associate / analyst program will be holding an information lunch next
wednesday , june 14 , from 11 : 30 a . m . to 1 : 00 p . m . the scheduled speakers are
jeff shankman , managing director with ena gas trading , and sally beck , vp
with energy operations and globel risk management .
click on attachment above for more details and where to pick up your tickets .
please respond by 12 : 00 noon monday , june 12 , 2000 to debbie flores by e - mail
@ dflore 2 @ enron . com , or by phone at x 5 . 7344 .
thank you .
debbie flores
| 0 |
ham
|
associate / analyst information lunch
|
this is an fyi .
the associate / analyst program will be holding an information lunch next
wednesday , june 14 , from 11 : 30 a . m . to 1 : 00 p . m . the scheduled speakers are
jeff shankman , managing director with ena gas trading , and sally beck , vp
with energy operations and globel risk management .
click on attachment above for more details and where to pick up your tickets .
please respond by 12 : 00 noon monday , june 12 , 2000 to debbie flores by e - mail
@ dflore 2 @ enron . com , or by phone at x 5 . 7344 .
thank you .
debbie flores
| 2000-06-07T00:00:00 |
8,699 |
siam invitation dear dr . kaminski
here is an email invitation for teh siam event . a hard copy will follow
dr . v . kaminski
enron
p . o . box 1188
houston , texas 77251 - 1188
dear dr . kaminski
march 12 , 2001
i am writing to formalize your invitation to attend , participate , and speak
in the siam southwest regional mathematics in industry workshop . a time
span of thirty minutes is being allotted to invited talks with an additional
ten minutes or so for discussion . the workshop , funded under the auspices
of a national science foundation grant to siam will not be a standard
applied mathematics event with representatives from industry , academe , and
governmental agencies presenting their latest research results . instead the
meeting will emphasize the mathematics and technology currently applied to
the projects of industry and governmental laboratories . additionally the
event will focus upon the mechanisms facilitating interaction and
collaboration between the academy , industry , and government laboratories .
the workshop will be held at the university of houston hilton hotel , april
27 - 28 . funds will be available to support both travel expenses and the cost
of food and lodging of invited speakers . we will be happy to make travel
arrangements on this end if so desired .
we hope that you can accept our invitation . if this is the case please
furnish us with a title , a short abstract , and a list of the necessary
equipment for your presentation .
we look forward to seeing you at the university of houston .
sincerely
w . fitzgibbon
| 0 |
ham
|
siam invitation
|
dear dr . kaminski
here is an email invitation for teh siam event . a hard copy will follow
dr . v . kaminski
enron
p . o . box 1188
houston , texas 77251 - 1188
dear dr . kaminski
march 12 , 2001
i am writing to formalize your invitation to attend , participate , and speak
in the siam southwest regional mathematics in industry workshop . a time
span of thirty minutes is being allotted to invited talks with an additional
ten minutes or so for discussion . the workshop , funded under the auspices
of a national science foundation grant to siam will not be a standard
applied mathematics event with representatives from industry , academe , and
governmental agencies presenting their latest research results . instead the
meeting will emphasize the mathematics and technology currently applied to
the projects of industry and governmental laboratories . additionally the
event will focus upon the mechanisms facilitating interaction and
collaboration between the academy , industry , and government laboratories .
the workshop will be held at the university of houston hilton hotel , april
27 - 28 . funds will be available to support both travel expenses and the cost
of food and lodging of invited speakers . we will be happy to make travel
arrangements on this end if so desired .
we hope that you can accept our invitation . if this is the case please
furnish us with a title , a short abstract , and a list of the necessary
equipment for your presentation .
we look forward to seeing you at the university of houston .
sincerely
w . fitzgibbon
| 2001-03-13T00:00:00 |
1,218 |
enron / hpl actuals for july 18 , 2000 teco tap 10 . 000 / enron ; 65 . 000 / iferc
ls hpl lsk ic 30 . 000 / enron
| 0 |
ham
|
enron / hpl actuals for july 18 , 2000
|
teco tap 10 . 000 / enron ; 65 . 000 / iferc
ls hpl lsk ic 30 . 000 / enron
| 2000-07-19T00:00:00 |
6,750 |
an interesting resume i shall interview this candidate next week
( a very preliminary interview ) to evaluate his potential
and determine if he fits enron ' s culture .
do you see a need for a person with his skills in your area ( litigation
support ) ?
vince
| 0 |
ham
|
an interesting resume
|
i shall interview this candidate next week
( a very preliminary interview ) to evaluate his potential
and determine if he fits enron ' s culture .
do you see a need for a person with his skills in your area ( litigation
support ) ?
vince
| 2000-08-09T00:00:00 |
5,569 |
re : cv of rodney greene re quantitative positions . amy ,
yes , i am interested . i am in london now , but i shall contact him on
thuirsday .
vince
amy fitzpatrick
02 / 21 / 2000 03 : 34 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : cv of rodney greene re quantitative positions .
vince -
would you have any interest in this candidate ?
kind regards -
amy
- - - - - - - - - - - - - - - - - - - - - - forwarded by amy fitzpatrick / lon / ect on 21 / 02 / 2000
09 : 34 - - - - - - - - - - - - - - - - - - - - - - - - - - -
bryan seyfried
18 / 02 / 2000 19 : 50
to : amy fitzpatrick / lon / ect @ ect
cc :
subject : re : cv of rodney greene re quantitative positions .
probably a bit to techy for me but maybe a good fit for vince kaminski in
houston research .
bs
amy fitzpatrick
17 / 02 / 2000 12 : 52
to : david port / corp / enron @ enron , david weekes / lon / ect @ ect , steve w
young / lon / ect @ ect , bryan seyfried / lon / ect @ ect
cc :
subject : cv of rodney greene re quantitative positions .
any thoughts on this candidate ?
kind regards -
amy
- - - - - - - - - - - - - - - - - - - - - - forwarded by amy fitzpatrick / lon / ect on 17 / 02 / 2000
12 : 52 - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron capital & trade resources corp .
from : simon bragg
17 / 02 / 2000 12 : 36
to : " ' amy . fitzpatrick @ enron . com ' "
cc :
subject : cv of rodney greene re quantitative positions .
hi amy
a colleague of mine interviewed someone last week who is a phd whose
background is as a developer within catastrophe risk management . he is
looking to move into more of a quantitative role which will utilise his
developing skills and also his statistical and theoretical knowledge as
well . the issue is that he is based in chicago and i wondered if there
would be any interest from your headquarters there .
please find attached his details .
speak to you soon .
regards
simon
- do 075530 . doc
| 0 |
ham
|
re : cv of rodney greene re quantitative positions .
|
amy ,
yes , i am interested . i am in london now , but i shall contact him on
thuirsday .
vince
amy fitzpatrick
02 / 21 / 2000 03 : 34 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : cv of rodney greene re quantitative positions .
vince -
would you have any interest in this candidate ?
kind regards -
amy
- - - - - - - - - - - - - - - - - - - - - - forwarded by amy fitzpatrick / lon / ect on 21 / 02 / 2000
09 : 34 - - - - - - - - - - - - - - - - - - - - - - - - - - -
bryan seyfried
18 / 02 / 2000 19 : 50
to : amy fitzpatrick / lon / ect @ ect
cc :
subject : re : cv of rodney greene re quantitative positions .
probably a bit to techy for me but maybe a good fit for vince kaminski in
houston research .
bs
amy fitzpatrick
17 / 02 / 2000 12 : 52
to : david port / corp / enron @ enron , david weekes / lon / ect @ ect , steve w
young / lon / ect @ ect , bryan seyfried / lon / ect @ ect
cc :
subject : cv of rodney greene re quantitative positions .
any thoughts on this candidate ?
kind regards -
amy
- - - - - - - - - - - - - - - - - - - - - - forwarded by amy fitzpatrick / lon / ect on 17 / 02 / 2000
12 : 52 - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron capital & trade resources corp .
from : simon bragg
17 / 02 / 2000 12 : 36
to : " ' amy . fitzpatrick @ enron . com ' "
cc :
subject : cv of rodney greene re quantitative positions .
hi amy
a colleague of mine interviewed someone last week who is a phd whose
background is as a developer within catastrophe risk management . he is
looking to move into more of a quantitative role which will utilise his
developing skills and also his statistical and theoretical knowledge as
well . the issue is that he is based in chicago and i wondered if there
would be any interest from your headquarters there .
please find attached his details .
speak to you soon .
regards
simon
- do 075530 . doc
| 2000-02-21T00:00:00 |
4,598 |
whats up . b u y all of your meds here . . orestes militate save over 50 % onwprescriptionsdrugs
with our on - linerpharmacy you can
1 . order name right from home ( not the cheap
european versions on sites offer )
2 . get it shipped same day to your door step
3 . never have to worry about getting a doctormto write the prescriptionvagain
4 . save hundreds of dollars over your locallpharmacy
if all this sounds good to you then you need to
click here
for more about what we offer . we carry everything from vicodin , valum ,
xanax , and viagra . so go to our site to see how much we can save you
today .
| 1 |
spam
|
whats up . b u y all of your meds here . . orestes militate
|
save over 50 % onwprescriptionsdrugs
with our on - linerpharmacy you can
1 . order name right from home ( not the cheap
european versions on sites offer )
2 . get it shipped same day to your door step
3 . never have to worry about getting a doctormto write the prescriptionvagain
4 . save hundreds of dollars over your locallpharmacy
if all this sounds good to you then you need to
click here
for more about what we offer . we carry everything from vicodin , valum ,
xanax , and viagra . so go to our site to see how much we can save you
today .
| 2004-12-23T00:00:00 |
17,556 |
schedule crawler : hourahead failure start date : 1 / 2 / 02 ; hourahead hour : 13 ; hourahead schedule download failed . manual intervention required .
| 0 |
ham
|
schedule crawler : hourahead failure
|
start date : 1 / 2 / 02 ; hourahead hour : 13 ; hourahead schedule download failed . manual intervention required .
| 2002-01-02T00:00:00 |
16,570 |
pinnacle losses - dms # 7508 can you confirm this for virginia ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by jesse bryson / hou / ect on 04 / 11 / 2001 03 : 36 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
virginia thompson
04 / 05 / 2001 01 : 19 pm
to : jesse bryson / hou / ect @ ect
cc :
subject : pinnacle losses - dms # 7508
jesse ,
can you confirm this for me ? if so , i ' ll put the annuity on your books
thanks ,
virginia
- - - - - - - - - - - - - - - - - - - - - - forwarded by virginia thompson / pdx / ect on 04 / 05 / 2001 03 : 26 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : amy clemons @ enron 04 / 05 / 2001 07 : 53 am
to : virginia thompson / pdx / ect @ ect
cc :
subject : pinnacle losses - dms # 7508
- - - - - - - - - - - - - - - - - - - - - - forwarded by amy clemons / corp / enron on 04 / 05 / 2001 09 : 53 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" sattler , lorraine l ( z 82390 ) " on 04 / 05 / 2001 09 : 47 : 49 am
to : " ' amy . clemons @ enron . com ' "
cc :
subject : re : losses
per the hourly traders notes :
for losses incurred on march 16 lmw at 1100 for $ 225 lmw at 2300 for $ 200
deal done at 0940 with bill at enron
fred mavroudis was the pwmt trader
fred advised michelle in the aps transmission group
lorraine
- - - - - original message - - - - -
from : amy . clemons @ enron . com [ mailto : amy . clemons @ enron . com ]
sent : wednesday , april 04 , 2001 4 : 19 pm
to : lorraine . sattler @ pinnaclewest . com
subject : losses
could you give me more of a detail on what the losses were for with
pinnacle on the 19 th ?
thanks
amy
| 0 |
ham
|
pinnacle losses - dms # 7508
|
can you confirm this for virginia ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by jesse bryson / hou / ect on 04 / 11 / 2001 03 : 36 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
virginia thompson
04 / 05 / 2001 01 : 19 pm
to : jesse bryson / hou / ect @ ect
cc :
subject : pinnacle losses - dms # 7508
jesse ,
can you confirm this for me ? if so , i ' ll put the annuity on your books
thanks ,
virginia
- - - - - - - - - - - - - - - - - - - - - - forwarded by virginia thompson / pdx / ect on 04 / 05 / 2001 03 : 26 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : amy clemons @ enron 04 / 05 / 2001 07 : 53 am
to : virginia thompson / pdx / ect @ ect
cc :
subject : pinnacle losses - dms # 7508
- - - - - - - - - - - - - - - - - - - - - - forwarded by amy clemons / corp / enron on 04 / 05 / 2001 09 : 53 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
" sattler , lorraine l ( z 82390 ) " on 04 / 05 / 2001 09 : 47 : 49 am
to : " ' amy . clemons @ enron . com ' "
cc :
subject : re : losses
per the hourly traders notes :
for losses incurred on march 16 lmw at 1100 for $ 225 lmw at 2300 for $ 200
deal done at 0940 with bill at enron
fred mavroudis was the pwmt trader
fred advised michelle in the aps transmission group
lorraine
- - - - - original message - - - - -
from : amy . clemons @ enron . com [ mailto : amy . clemons @ enron . com ]
sent : wednesday , april 04 , 2001 4 : 19 pm
to : lorraine . sattler @ pinnaclewest . com
subject : losses
could you give me more of a detail on what the losses were for with
pinnacle on the 19 th ?
thanks
amy
| 2001-04-12T00:00:00 |
21,698 |
please help ! ! ! salim ibrahim .
salimibrah @ netscape . net
dear friend ,
my name is salim ibrahim a merchant in dubai , in
the u . a . e . i have been diagnosed with esophageal cancer
it has defiled all forms of medical treatment , and
right now i have only about a few months to live ,
according to medical experts .
i have not particularly lived my life so well , as i
never really cared for anyone ( not even myself ) but my
business . though i am very rich , i was never generous ,
i was always hostile to people and only focused on my
business as that was the only thing i cared for . but
now i regret all this as i now know that there is more
to life than just wanting to have
or make all the money in the world .
i believe when god gives me a second chance to come to
this world i would live my life a different way from
how i have lived it . now that god has called me , i
have willed and given most of my property and assets
to my immediate and extended family members as well as
a few close friends .
i want god to be merciful to me and accept my soul so ,
i have decided to give also to charity
organizations , as i want this to be one of the last
good deeds i do on earth . so far , i have distributed
money to some charity organizations in the u . a . e ,
algeria and malaysia . now that my health has
deteriorated so badly , i cannot do this myself
anymore .
i once asked members of my family to close
one of my accounts and distribute the money which i
have there to charity organization in bulgaria and
pakistan , they refused and kept the money to
themselves . hence , i do not trust them anymore , as
they seem not to be contended with what i have left
for them .
the last of my money which no one knows of is the huge
cash deposit of ( twenty million five hundred thousand u . sdollars )
that i have with a finance / security company abroad . i will want
you to help me collect this consignment and dispatched it to charity
organizations .
i have set aside 15 % for you .
god be with you .
salim ibrahim
note : please do get back to me via my private email address at
salimibrah @ netscape . net
becuase i do not want my family to know anything about this
project , so i could give you the full details about the funds .
please endeavour to get back to me via my specified private
email address . salimibrah @ netscape . net
thanks for understanding . may the almighty allah bless you
abondantly .
| 1 |
spam
|
please help ! ! !
|
salim ibrahim .
salimibrah @ netscape . net
dear friend ,
my name is salim ibrahim a merchant in dubai , in
the u . a . e . i have been diagnosed with esophageal cancer
it has defiled all forms of medical treatment , and
right now i have only about a few months to live ,
according to medical experts .
i have not particularly lived my life so well , as i
never really cared for anyone ( not even myself ) but my
business . though i am very rich , i was never generous ,
i was always hostile to people and only focused on my
business as that was the only thing i cared for . but
now i regret all this as i now know that there is more
to life than just wanting to have
or make all the money in the world .
i believe when god gives me a second chance to come to
this world i would live my life a different way from
how i have lived it . now that god has called me , i
have willed and given most of my property and assets
to my immediate and extended family members as well as
a few close friends .
i want god to be merciful to me and accept my soul so ,
i have decided to give also to charity
organizations , as i want this to be one of the last
good deeds i do on earth . so far , i have distributed
money to some charity organizations in the u . a . e ,
algeria and malaysia . now that my health has
deteriorated so badly , i cannot do this myself
anymore .
i once asked members of my family to close
one of my accounts and distribute the money which i
have there to charity organization in bulgaria and
pakistan , they refused and kept the money to
themselves . hence , i do not trust them anymore , as
they seem not to be contended with what i have left
for them .
the last of my money which no one knows of is the huge
cash deposit of ( twenty million five hundred thousand u . sdollars )
that i have with a finance / security company abroad . i will want
you to help me collect this consignment and dispatched it to charity
organizations .
i have set aside 15 % for you .
god be with you .
salim ibrahim
note : please do get back to me via my private email address at
salimibrah @ netscape . net
becuase i do not want my family to know anything about this
project , so i could give you the full details about the funds .
please endeavour to get back to me via my specified private
email address . salimibrah @ netscape . net
thanks for understanding . may the almighty allah bless you
abondantly .
| 2005-04-12T00:00:00 |
11,401 |
deferred compensation scheme for uk nationals mary ,
pwc has introduced a deferred compensation scheme to louise kitchen that would allow uk foreign nationals to defer income tax free under certain circumstances . they will be sending over details on monday . the idea would involve the existing enron deferred compensation plans . let us know who we should work with on your team . we will be moving quickly on this .
regards ,
| 0 |
ham
|
deferred compensation scheme for uk nationals
|
mary ,
pwc has introduced a deferred compensation scheme to louise kitchen that would allow uk foreign nationals to defer income tax free under certain circumstances . they will be sending over details on monday . the idea would involve the existing enron deferred compensation plans . let us know who we should work with on your team . we will be moving quickly on this .
regards ,
| 2001-04-06T00:00:00 |
26,531 |
natural remedies for sexual health you have not tried cialis yet ?
conservatives are not necessarily stupid , but most stupid people are conservatives .
time engraves our faces with all the tears we have not shed .
nothing great in the world has been accomplished without passion .
| 1 |
spam
|
natural remedies for sexual health
|
you have not tried cialis yet ?
conservatives are not necessarily stupid , but most stupid people are conservatives .
time engraves our faces with all the tears we have not shed .
nothing great in the world has been accomplished without passion .
| 2005-07-05T00:00:00 |
10,892 |
failure notice hi . this is the qmail - send program at serverl . td . co . at .
i ' m afraid i wasn ' t able to deliver your message to the following addresses .
this is a permanent error ; i ' ve given up . sorry it didn ' t work out .
:
diese email adresse ist ungültig . this address not exists
- - - below this line is a copy of the message .
return - path :
received : ( qmail 27780 invoked from network ) ; 19 jul 2005 10 : 59 : 45 - 0000
received : from unknown ( helo mailwisconsin . com ) ( 222 . 108 . 233 . 182 )
by reith . at with smtp ; 19 jul 2005 10 : 59 : 44 - 0000
received : from 205 . 214 . 42 . 66
( squirrelmail authenticated user projecthoneypot @ projecthoneypot . org ) ;
by mailwisconsin . com with http id j 87 gzo 09360036 ;
tue , 19 jul 2005 10 : 57 : 46 + 0000
message - id :
date : tue , 19 jul 2005 10 : 57 : 46 + 0000
subject : just to her . . .
from : " barry castillo "
to : office @ hotel - hochland . com
user - agent : squirrelmail / 1 . 4 . 3 a
x - mailer : squirrelmail / 1 . 4 . 3 a
mime - version : 1 . 0
content - type : text / html ; charset = iso - 8859 - 1
content - transfer - encoding : 8 bit
x - priority : 3 ( normal )
importance : normal
soft viagra at $ 1 . 62 per dose
ready to boost your sex life ? positive ?
time to do it right now !
order soft viagra at incredibly low prices
starting at $ 1 . 99 per dose ! unbelivabie !
| 1 |
spam
|
failure notice
|
hi . this is the qmail - send program at serverl . td . co . at .
i ' m afraid i wasn ' t able to deliver your message to the following addresses .
this is a permanent error ; i ' ve given up . sorry it didn ' t work out .
:
diese email adresse ist ungültig . this address not exists
- - - below this line is a copy of the message .
return - path :
received : ( qmail 27780 invoked from network ) ; 19 jul 2005 10 : 59 : 45 - 0000
received : from unknown ( helo mailwisconsin . com ) ( 222 . 108 . 233 . 182 )
by reith . at with smtp ; 19 jul 2005 10 : 59 : 44 - 0000
received : from 205 . 214 . 42 . 66
( squirrelmail authenticated user projecthoneypot @ projecthoneypot . org ) ;
by mailwisconsin . com with http id j 87 gzo 09360036 ;
tue , 19 jul 2005 10 : 57 : 46 + 0000
message - id :
date : tue , 19 jul 2005 10 : 57 : 46 + 0000
subject : just to her . . .
from : " barry castillo "
to : office @ hotel - hochland . com
user - agent : squirrelmail / 1 . 4 . 3 a
x - mailer : squirrelmail / 1 . 4 . 3 a
mime - version : 1 . 0
content - type : text / html ; charset = iso - 8859 - 1
content - transfer - encoding : 8 bit
x - priority : 3 ( normal )
importance : normal
soft viagra at $ 1 . 62 per dose
ready to boost your sex life ? positive ?
time to do it right now !
order soft viagra at incredibly low prices
starting at $ 1 . 99 per dose ! unbelivabie !
| 2005-07-19T00:00:00 |
18,564 |
?ed gillette agleam winchester algenib patton hereditary introit ezra accompaniment quito
epigrammatic steuben anastigmatic elaine an divisor tun anise genoa bravery
brumidi wrath preface spout waist merck conclusive orifice peppy houghton
access measle verbosity sheathe turpentine comparative plagiarism darn cofactor pick
jocose resuscitate shorthand avocado triable bema winnipesaukee various jewelry licensable
vibrate frock burdensome abutting thiocyanate birdie inimical dupont duma dodecahedral
| 1 |
spam
|
?ed
|
gillette agleam winchester algenib patton hereditary introit ezra accompaniment quito
epigrammatic steuben anastigmatic elaine an divisor tun anise genoa bravery
brumidi wrath preface spout waist merck conclusive orifice peppy houghton
access measle verbosity sheathe turpentine comparative plagiarism darn cofactor pick
jocose resuscitate shorthand avocado triable bema winnipesaukee various jewelry licensable
vibrate frock burdensome abutting thiocyanate birdie inimical dupont duma dodecahedral
| 2004-03-27T00:00:00 |
28,570 |
archiving unsubscribed capacity i spoke with perry frazier this afternoon . i have a copy in my file of the unsubscribed capacity on our ebb prior to the sale of tw space to mavrix and a copy of the sheet post - mavrix [ yes the space was posted ] . perry is printing the capacity sheets daily ( sometimes ) .
as a backup , michelle lokay will also do a daily print for years 2001 , 2002 , and 2003 . the pages will be kept in a log book on the tw marketing desk for future reference .
let me know if you have questions .
thanks
kh
| 0 |
ham
|
archiving unsubscribed capacity
|
i spoke with perry frazier this afternoon . i have a copy in my file of the unsubscribed capacity on our ebb prior to the sale of tw space to mavrix and a copy of the sheet post - mavrix [ yes the space was posted ] . perry is printing the capacity sheets daily ( sometimes ) .
as a backup , michelle lokay will also do a daily print for years 2001 , 2002 , and 2003 . the pages will be kept in a log book on the tw marketing desk for future reference .
let me know if you have questions .
thanks
kh
| 2001-04-17T00:00:00 |
1,746 |
enron / hpl actuals for october 2 , 2000 teco tap 60 . 000 / enron ; 40 . 000 / hpl iferc
ls hpl lsk ic 15 . 000 / hpl iferc
| 0 |
ham
|
enron / hpl actuals for october 2 , 2000
|
teco tap 60 . 000 / enron ; 40 . 000 / hpl iferc
ls hpl lsk ic 15 . 000 / hpl iferc
| 2000-10-03T00:00:00 |
637 |
pan energy marketing exchange settlement robert -
attached , please find our calculation sheet for feb . 2000 production . please
review it and let me know if you have any questions .
at this time , it appears that we owe pan energy $ 56 , 562 . 68 .
this amount , however , does not include the re - delivery fuel charges from pg &
e that will be passed back to pan energy .
as soon as we receive the information from pg & e , we will bill you
accordingly .
thanks - katherine ( 713 ) 345 - 8643
| 0 |
ham
|
pan energy marketing exchange settlement
|
robert -
attached , please find our calculation sheet for feb . 2000 production . please
review it and let me know if you have any questions .
at this time , it appears that we owe pan energy $ 56 , 562 . 68 .
this amount , however , does not include the re - delivery fuel charges from pg &
e that will be passed back to pan energy .
as soon as we receive the information from pg & e , we will bill you
accordingly .
thanks - katherine ( 713 ) 345 - 8643
| 2000-04-07T00:00:00 |
33,288 |
just to her . . . soft viagra at $ 1 . 62 per dose
ready to boost your sex life ? positive ?
time to do it right now !
order soft viagra at incredibly low prices
starting at $ 1 . 99 per dose ! unbeiivabie !
| 1 |
spam
|
just to her . . .
|
soft viagra at $ 1 . 62 per dose
ready to boost your sex life ? positive ?
time to do it right now !
order soft viagra at incredibly low prices
starting at $ 1 . 99 per dose ! unbeiivabie !
| 2005-06-26T00:00:00 |
33,596 |
your reliable source for prescription drugs without prescription the thing is that a great errrection is provided for you exactly when you want .
a friend in power is a friend lost .
each body has its art . . .
blind belief is dangerous .
i ' d like to live like a poor man with lots of money .
| 1 |
spam
|
your reliable source for prescription drugs without prescription
|
the thing is that a great errrection is provided for you exactly when you want .
a friend in power is a friend lost .
each body has its art . . .
blind belief is dangerous .
i ' d like to live like a poor man with lots of money .
| 2005-07-19T00:00:00 |
29,750 |
how one can become a terrorist ? welcome to our web site www . shadowcrew . com / phpbb 2 / index . php
please use http : / / 63 . 240 . 81 . 5 in case of our domain outage .
you \ ' re invited to shop for large selection of bombs and different
kinds of rockets such as surface - to - air ,
surface - to - surface and weaponry available at reduced price . with the
following types of rockets you will be
able to commit terrorist attacks , destroy buildings , electric power
stations , bridges , factories and anything
else that comes your mind . most items are in stock and available for
next day freight delivery in the usa .
worldwide delivery is available at additional cost . prices are
negotiable .
please feel free to inquire by icq # 176928755 or contacting us
directly :
+ 1 - 305 - 592 - 2222
+ 1 - 919 - 319 - 8249
+ 1 - 314 - 770 - 3395
today special :
* * * * * * * air bombs * * * * * * *
ofab - 500 u he fragmentation air bomb
fuel - air explosive air bombs - not in stock
betab - 500 u concrete - piercing air bomb
zb - 500 rt incendiary tank
500 - kg size rbk - 500 u unified cluster bomb
rbk - 500 u oab - 2 . 5 pt loaded with fragmentation submunitions
rbk - 500 u betab - m loaded with concrete - piercing submunitions - not in
stock
rbk - 500 u ofab - 50 ud loaded with he fragmentation submunitions
* * * * * * * unguided aircraft rockets * * * * * * *
main - purpose unguided aircraft rockets
s - 8 unguided aircraft rockets
s - 8 kom
s - 8 bm - not in stock
s - 13 unguided aircraft rockets
s - 13 , s - 13 t , s - 13 - of , s - 13 d , s - 13 df
s - 25 - 0
s - 25 - ofm
s - 24 b - not in stock
rs - 82
rs - 132 - not in stock
* * * * * * * rocket pods * * * * * * *
b - 8 m pod for s - 8 rockets
b - 8 v 20 - a pod for s - 8 rockets
b - 13 l pod for s - 13 rockets
recently received * new *
hydra 70 2 . 75 inch rockets
air - launched 2 . 75 - inch rockets
fim - 92 a stinger weapons system
stinger 101 : anti - air
our clients are well known al - qaida , hizballah , al - jihad , hamas , abu
sayyaf group and many other terrorist groups . we are well known
supplier in the market and looking forward to expand our clientage
with assistance of internet .
do not hesitate to contact us via icq # 176928755
impatiently awaiting for your orders ,
shadowcrew
| 1 |
spam
|
how one can become a terrorist ?
|
welcome to our web site www . shadowcrew . com / phpbb 2 / index . php
please use http : / / 63 . 240 . 81 . 5 in case of our domain outage .
you \ ' re invited to shop for large selection of bombs and different
kinds of rockets such as surface - to - air ,
surface - to - surface and weaponry available at reduced price . with the
following types of rockets you will be
able to commit terrorist attacks , destroy buildings , electric power
stations , bridges , factories and anything
else that comes your mind . most items are in stock and available for
next day freight delivery in the usa .
worldwide delivery is available at additional cost . prices are
negotiable .
please feel free to inquire by icq # 176928755 or contacting us
directly :
+ 1 - 305 - 592 - 2222
+ 1 - 919 - 319 - 8249
+ 1 - 314 - 770 - 3395
today special :
* * * * * * * air bombs * * * * * * *
ofab - 500 u he fragmentation air bomb
fuel - air explosive air bombs - not in stock
betab - 500 u concrete - piercing air bomb
zb - 500 rt incendiary tank
500 - kg size rbk - 500 u unified cluster bomb
rbk - 500 u oab - 2 . 5 pt loaded with fragmentation submunitions
rbk - 500 u betab - m loaded with concrete - piercing submunitions - not in
stock
rbk - 500 u ofab - 50 ud loaded with he fragmentation submunitions
* * * * * * * unguided aircraft rockets * * * * * * *
main - purpose unguided aircraft rockets
s - 8 unguided aircraft rockets
s - 8 kom
s - 8 bm - not in stock
s - 13 unguided aircraft rockets
s - 13 , s - 13 t , s - 13 - of , s - 13 d , s - 13 df
s - 25 - 0
s - 25 - ofm
s - 24 b - not in stock
rs - 82
rs - 132 - not in stock
* * * * * * * rocket pods * * * * * * *
b - 8 m pod for s - 8 rockets
b - 8 v 20 - a pod for s - 8 rockets
b - 13 l pod for s - 13 rockets
recently received * new *
hydra 70 2 . 75 inch rockets
air - launched 2 . 75 - inch rockets
fim - 92 a stinger weapons system
stinger 101 : anti - air
our clients are well known al - qaida , hizballah , al - jihad , hamas , abu
sayyaf group and many other terrorist groups . we are well known
supplier in the market and looking forward to expand our clientage
with assistance of internet .
do not hesitate to contact us via icq # 176928755
impatiently awaiting for your orders ,
shadowcrew
| 2004-09-21T00:00:00 |
5,112 |
77 % off for all new software . manes pion every point better . she , school felt never my came . clear notice
farm . ago , mountain mountain . idea show and pose , doctor divide
long . as word thought . about , pass how rest sing , since .
temperature blow reach . company should low blow brother . pose ,
miss good most listen age suit . also differ gold drive four .
example dog blow .
| 1 |
spam
|
77 % off for all new software . manes pion
|
every point better . she , school felt never my came . clear notice
farm . ago , mountain mountain . idea show and pose , doctor divide
long . as word thought . about , pass how rest sing , since .
temperature blow reach . company should low blow brother . pose ,
miss good most listen age suit . also differ gold drive four .
example dog blow .
| 2005-08-09T00:00:00 |
33,267 |
i didn ' t waitt any longer hello , welcome to pharmonlin muggins e habile shop
- one of the le participation ading oniine pharmaceutical shops
anchored v
dissuasive g
a tableaux l
pharaoh ll
l advertisement a
r thomas ac tercel l
i mohawk sv farrier a
u quadrature m
andmanyother .
- save over 5 epicureanism 0 %
- worldwide strikebound shlpplng
- total conf johnsonese identiaiity
- over 5 miiiion customers in 130 vermouth countries
have primrose a nice day !
| 1 |
spam
|
i didn ' t waitt any longer
|
hello , welcome to pharmonlin muggins e habile shop
- one of the le participation ading oniine pharmaceutical shops
anchored v
dissuasive g
a tableaux l
pharaoh ll
l advertisement a
r thomas ac tercel l
i mohawk sv farrier a
u quadrature m
andmanyother .
- save over 5 epicureanism 0 %
- worldwide strikebound shlpplng
- total conf johnsonese identiaiity
- over 5 miiiion customers in 130 vermouth countries
have primrose a nice day !
| 2005-06-23T00:00:00 |
5,194 |
re : emission trading vince ,
i spoke with susan wood , who heads up our emissions marketing effort who
says we don ' t really have any materials we send out . she did recommend the
emissions trading handbook which can be purchased for $ 50 from
in general , the site http : / / www . etei . org / is a great source of info , and the
the parent site , http : / / www . emissions . org should be checked out as well . if
you ' d like me to purchase the handbook ( it will take three weeks ) let me know .
joe
vince j kaminski
12 / 16 / 99 08 : 15 am
to : joseph hrgovcic / hou / ect @ ect
cc : vince j kaminski / hou / ect @ ect
subject : re : emission trading
joe ,
do we have any materials about it ?
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 12 / 16 / 99
08 : 14 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
adam brulinski
12 / 14 / 99 08 : 22 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : emission trading
thank you in advance .
let me just mention that the issue is quite urgent so i would appreciate if i
could get sth asap .
adam
vince j kaminski
99 - 12 - 14 15 : 24
to : adam brulinski / war / ect @ ect
cc :
subject : re : emission trading
adam ,
let me gather some information for you .
vince
adam brulinski
12 / 14 / 99 08 : 08 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : emission trading
szanowny panie ,
chcielibysmy zaczac propagowac w polsce idee handlu prawami do emisji
zanieczyszczen . dlatego tez prosilbym o przeslanie , najlepiej droga emailowa
materialow dotyczacych tej koncepji - glownie chodzi mi o strone
" merytoryczna " .
z powazaniem ,
adam brulinski
| 0 |
ham
|
re : emission trading
|
vince ,
i spoke with susan wood , who heads up our emissions marketing effort who
says we don ' t really have any materials we send out . she did recommend the
emissions trading handbook which can be purchased for $ 50 from
in general , the site http : / / www . etei . org / is a great source of info , and the
the parent site , http : / / www . emissions . org should be checked out as well . if
you ' d like me to purchase the handbook ( it will take three weeks ) let me know .
joe
vince j kaminski
12 / 16 / 99 08 : 15 am
to : joseph hrgovcic / hou / ect @ ect
cc : vince j kaminski / hou / ect @ ect
subject : re : emission trading
joe ,
do we have any materials about it ?
vince
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 12 / 16 / 99
08 : 14 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
adam brulinski
12 / 14 / 99 08 : 22 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : re : emission trading
thank you in advance .
let me just mention that the issue is quite urgent so i would appreciate if i
could get sth asap .
adam
vince j kaminski
99 - 12 - 14 15 : 24
to : adam brulinski / war / ect @ ect
cc :
subject : re : emission trading
adam ,
let me gather some information for you .
vince
adam brulinski
12 / 14 / 99 08 : 08 am
to : vince j kaminski / hou / ect @ ect
cc :
subject : emission trading
szanowny panie ,
chcielibysmy zaczac propagowac w polsce idee handlu prawami do emisji
zanieczyszczen . dlatego tez prosilbym o przeslanie , najlepiej droga emailowa
materialow dotyczacych tej koncepji - glownie chodzi mi o strone
" merytoryczna " .
z powazaniem ,
adam brulinski
| 1999-12-16T00:00:00 |
10,454 |
security alert - confirm your national credit union information - - >
| 1 |
spam
|
security alert - confirm your national credit union information
|
- - >
| 2005-07-02T00:00:00 |
27,786 |
mid - year accomplishments per steve ' s request , please find attached the tw commercial team ' s list of
mid - year accomplishments forwarded to bill cordes earlier this week .
adr
| 0 |
ham
|
mid - year accomplishments
|
per steve ' s request , please find attached the tw commercial team ' s list of
mid - year accomplishments forwarded to bill cordes earlier this week .
adr
| 2000-07-07T00:00:00 |
31,809 |
contact me the free lotto company
uk head office
suite 23 - 30 , lion towers
central london
england
www . freelotto . com
dear winner ,
we are please to announce you as one of the 10 lucky winners in the
freelotto draw held on the lst january 2005 . all 10 winning addresses
were
randomly selected from a batch of 50 , 000 , 000 international emails . your
email
address emerged alongside 9 others
as a category 2 winner in this year ' s annual freelotto draw .
consequently , you have therefore been approved for a total pay out of
1 , 000 , 000 pounds ( one million pounds ) only . the following particulars
are
attached to your lotto payment order :
( i ) winning numbers : 37 - 13 - 43 - 85 - 67 - 11
( ii ) email ticket number : fl 754 / 22 / 76
( iii ) lotto code number : flo 9622 uk
( iv ) the file ref number : fl / 04 / 736207152 / uk
please contact the underlisted claims officer as soon as possible for
the
immediate release of your winnings :
mr . khan arshad amin
chief financial director
the freelotto company
direct tel : + 447040106494
tel : + 447040117493
fax : + 448701308158
khan _ aminarshad @ yahoo . co . uk
n . b : steps to claiming your prize ;
1 . winners must pay 480 pounds only or its equivalent in your local
currency
as fee before claiming their prize for the processing and handling of
award
by agent .
2 . please quote your reference number in all correspondence with the
claims
officer .
3 . winners should send to claim officer account detail or address where
they
want their prize paid or sent .
4 . winners must send thier names , address , telephone number and means of
identification ( international passport or drivers licence ) to claim
officer
to process immediate
payment of their prize .
once again on behalf of all our staff ,
congratulations ! ! !
sincerely ,
sophia halendale
promotions manager
the lotto company
uk & europe .
| 1 |
spam
|
contact me
|
the free lotto company
uk head office
suite 23 - 30 , lion towers
central london
england
www . freelotto . com
dear winner ,
we are please to announce you as one of the 10 lucky winners in the
freelotto draw held on the lst january 2005 . all 10 winning addresses
were
randomly selected from a batch of 50 , 000 , 000 international emails . your
email
address emerged alongside 9 others
as a category 2 winner in this year ' s annual freelotto draw .
consequently , you have therefore been approved for a total pay out of
1 , 000 , 000 pounds ( one million pounds ) only . the following particulars
are
attached to your lotto payment order :
( i ) winning numbers : 37 - 13 - 43 - 85 - 67 - 11
( ii ) email ticket number : fl 754 / 22 / 76
( iii ) lotto code number : flo 9622 uk
( iv ) the file ref number : fl / 04 / 736207152 / uk
please contact the underlisted claims officer as soon as possible for
the
immediate release of your winnings :
mr . khan arshad amin
chief financial director
the freelotto company
direct tel : + 447040106494
tel : + 447040117493
fax : + 448701308158
khan _ aminarshad @ yahoo . co . uk
n . b : steps to claiming your prize ;
1 . winners must pay 480 pounds only or its equivalent in your local
currency
as fee before claiming their prize for the processing and handling of
award
by agent .
2 . please quote your reference number in all correspondence with the
claims
officer .
3 . winners should send to claim officer account detail or address where
they
want their prize paid or sent .
4 . winners must send thier names , address , telephone number and means of
identification ( international passport or drivers licence ) to claim
officer
to process immediate
payment of their prize .
once again on behalf of all our staff ,
congratulations ! ! !
sincerely ,
sophia halendale
promotions manager
the lotto company
uk & europe .
| 2005-02-15T00:00:00 |
25,019 |
also available levitra , cialis , and viagra . keeping your private medical issues . . . private
unjust dominion cannot be eternal .
he who limps still walks .
a clash of doctrines is not a disaster - - it is an opportunity .
| 1 |
spam
|
also available levitra , cialis , and viagra .
|
keeping your private medical issues . . . private
unjust dominion cannot be eternal .
he who limps still walks .
a clash of doctrines is not a disaster - - it is an opportunity .
| 2003-11-10T00:00:00 |
23,519 |
re : enpower production - argentina power since this was a fix to a doorstep finding , how do we react ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by bjorn hagelmann / hou / ect on 16 / 11 / 2000
17 : 25 - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : scott mills 14 / 11 / 2000 13 : 46
to : michael guerriero / sa / enron @ enron , julian poole / sa / enron @ enron , remi
collonges / sa / enron @ enron , julie ramos / sa / enron @ enron
cc : trang le / hou / ect @ ect , martha stevens / hou / ect @ ect , sarah
smith / corp / enron @ enron , laura feldman / sa / enron @ enron , xochitl
figueroa / na / enron @ enron , bjorn hagelmann / hou / ect @ ect
subject : re : enpower production - argentina power
lavarato has stopped efforts for implementing enpower in south america until
business activity increases enough to support it .
based on below , we will start looking for someone with strong access / excel
knowledge to come up with a different solution . everyone will have to
regroup and determine next steps and look at revised timelines .
srm ( x 33548 )
- - - - - - - - - - - - - - - - - - - - - - forwarded by scott mills / hou / ect on 11 / 14 / 2000 01 : 36
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron technology
from : steve nat @ enron 11 / 14 / 2000 01 : 31 pm
to : duong luu / hou / ect @ ect , trang le / hou / ect @ ect , scott mills / hou / ect @ ect
cc :
subject : re : enpower production - argentina power
fyi . . .
- - - - - - - - - - - - - - - - - - - - - - forwarded by steve nat / corp / enron on 11 / 14 / 2000 01 : 12
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
beth perlman @ ect 11 / 14 / 2000 11 : 53 am
to : richard burchfield / hou / ect @ ect , steve nat / corp / enron @ enron
cc : john j lavorato / corp / enron @ enron
subject : re : enpower production - argentina power
i discussed this with john lavorato who is now responsible for this . he said
don ' t do anything ! when their volumes increase we can address the enpower
implementation again .
beth
richard burchfield
11 / 08 / 2000 08 : 17 am
to : steve nat / corp / enron @ enron
cc : beth perlman / hou / ect @ ect
subject : re : enpower production - argentina power
steve ,
come by my office to discuss .
richard
enron technology
from : steve nat @ enron 11 / 08 / 2000 08 : 07 am
to : richard burchfield / hou / ect @ ect , beth perlman / hou / ect @ ect
cc : trang le / hou / ect @ ect , duong luu / hou / ect @ ect
subject : enpower production - argentina power
richard / beth , we have been asked by risk to get argentina started on
enpower . are you ok with us moving on this ? a couple things to consider . . .
our instance strategy for enpower is determined by geographic location
( bandwidth ) , volumes , and market similarity ( functionality ) . based on this ,
i want to set south america up on their own instance . enpower will have the
following instances long term : eur , us , cnd , sa , aus , jpn , ind . we will
continue to pursue a common code base and logical data model .
there is additional time and cost associated with setting up a new instance ,
however , i am concerned about continuing to pile new business units into a
production environment that will eventually need to be split .
glad to discuss . . . please respond quickly , as we are waiting to pull the
trigger on this . . .
steve
- - - - - - - - - - - - - - - - - - - - - - forwarded by steve nat / corp / enron on 11 / 08 / 2000 07 : 32
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : duong luu @ ect on 11 / 07 / 2000 01 : 06 pm
to : steve nat / corp / enron @ enron , richard burchfield / hou / ect @ ect , beth
perlman / hou / ect @ ect
cc :
subject : enpower production - argentina power
fyi
- - - - - forwarded by duong luu / hou / ect on 11 / 07 / 2000 01 : 05 pm - - - - -
trang le
11 / 07 / 2000 12 : 53 pm
to : duong luu / hou / ect @ ect
cc : martha stevens / hou / ect @ ect , sarah smith / corp / enron @ enron , juana
fayett / corp / enron @ enron , jana morse / corp / enron @ enron , scott
mills / hou / ect @ ect , richard elwood / hou / ect @ ect , samuel schott / hou / ect @ ect
subject : enpower production - argentina power
duong ,
per our phone conversation , below is the list of people that would need
access to enpower production .
user names : nt id : extension :
scott mills smills x 3 - 3548
martha stevens msteven x 3 - 4742
sarah smith ssmith x 3 - 0997
juana fayette jfayett x 3 - 0992
jana morse jmorse x 6 - 8265
trang le tlel x 3 - 6996
currently , the argentine power group has in total about 20 physical forward
deals which will be done under enron comercializadora de energia argentina
s . a . ( co . 027 w ) and one financial deal which will be done under enron north
america ( co . 0364 ) . given the fact that we ' ll also have deals on ena , i would
think that we could be on the houston server . just let us know .
in the mean time , we ' ll be working with the various global groups to have the
proper desk , portfolio , facilities etc . . . . set up .
thanks for your help ,
trang x 3 - 6996
| 0 |
ham
|
re : enpower production - argentina power
|
since this was a fix to a doorstep finding , how do we react ?
- - - - - - - - - - - - - - - - - - - - - - forwarded by bjorn hagelmann / hou / ect on 16 / 11 / 2000
17 : 25 - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : scott mills 14 / 11 / 2000 13 : 46
to : michael guerriero / sa / enron @ enron , julian poole / sa / enron @ enron , remi
collonges / sa / enron @ enron , julie ramos / sa / enron @ enron
cc : trang le / hou / ect @ ect , martha stevens / hou / ect @ ect , sarah
smith / corp / enron @ enron , laura feldman / sa / enron @ enron , xochitl
figueroa / na / enron @ enron , bjorn hagelmann / hou / ect @ ect
subject : re : enpower production - argentina power
lavarato has stopped efforts for implementing enpower in south america until
business activity increases enough to support it .
based on below , we will start looking for someone with strong access / excel
knowledge to come up with a different solution . everyone will have to
regroup and determine next steps and look at revised timelines .
srm ( x 33548 )
- - - - - - - - - - - - - - - - - - - - - - forwarded by scott mills / hou / ect on 11 / 14 / 2000 01 : 36
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
enron technology
from : steve nat @ enron 11 / 14 / 2000 01 : 31 pm
to : duong luu / hou / ect @ ect , trang le / hou / ect @ ect , scott mills / hou / ect @ ect
cc :
subject : re : enpower production - argentina power
fyi . . .
- - - - - - - - - - - - - - - - - - - - - - forwarded by steve nat / corp / enron on 11 / 14 / 2000 01 : 12
pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
beth perlman @ ect 11 / 14 / 2000 11 : 53 am
to : richard burchfield / hou / ect @ ect , steve nat / corp / enron @ enron
cc : john j lavorato / corp / enron @ enron
subject : re : enpower production - argentina power
i discussed this with john lavorato who is now responsible for this . he said
don ' t do anything ! when their volumes increase we can address the enpower
implementation again .
beth
richard burchfield
11 / 08 / 2000 08 : 17 am
to : steve nat / corp / enron @ enron
cc : beth perlman / hou / ect @ ect
subject : re : enpower production - argentina power
steve ,
come by my office to discuss .
richard
enron technology
from : steve nat @ enron 11 / 08 / 2000 08 : 07 am
to : richard burchfield / hou / ect @ ect , beth perlman / hou / ect @ ect
cc : trang le / hou / ect @ ect , duong luu / hou / ect @ ect
subject : enpower production - argentina power
richard / beth , we have been asked by risk to get argentina started on
enpower . are you ok with us moving on this ? a couple things to consider . . .
our instance strategy for enpower is determined by geographic location
( bandwidth ) , volumes , and market similarity ( functionality ) . based on this ,
i want to set south america up on their own instance . enpower will have the
following instances long term : eur , us , cnd , sa , aus , jpn , ind . we will
continue to pursue a common code base and logical data model .
there is additional time and cost associated with setting up a new instance ,
however , i am concerned about continuing to pile new business units into a
production environment that will eventually need to be split .
glad to discuss . . . please respond quickly , as we are waiting to pull the
trigger on this . . .
steve
- - - - - - - - - - - - - - - - - - - - - - forwarded by steve nat / corp / enron on 11 / 08 / 2000 07 : 32
am - - - - - - - - - - - - - - - - - - - - - - - - - - -
from : duong luu @ ect on 11 / 07 / 2000 01 : 06 pm
to : steve nat / corp / enron @ enron , richard burchfield / hou / ect @ ect , beth
perlman / hou / ect @ ect
cc :
subject : enpower production - argentina power
fyi
- - - - - forwarded by duong luu / hou / ect on 11 / 07 / 2000 01 : 05 pm - - - - -
trang le
11 / 07 / 2000 12 : 53 pm
to : duong luu / hou / ect @ ect
cc : martha stevens / hou / ect @ ect , sarah smith / corp / enron @ enron , juana
fayett / corp / enron @ enron , jana morse / corp / enron @ enron , scott
mills / hou / ect @ ect , richard elwood / hou / ect @ ect , samuel schott / hou / ect @ ect
subject : enpower production - argentina power
duong ,
per our phone conversation , below is the list of people that would need
access to enpower production .
user names : nt id : extension :
scott mills smills x 3 - 3548
martha stevens msteven x 3 - 4742
sarah smith ssmith x 3 - 0997
juana fayette jfayett x 3 - 0992
jana morse jmorse x 6 - 8265
trang le tlel x 3 - 6996
currently , the argentine power group has in total about 20 physical forward
deals which will be done under enron comercializadora de energia argentina
s . a . ( co . 027 w ) and one financial deal which will be done under enron north
america ( co . 0364 ) . given the fact that we ' ll also have deals on ena , i would
think that we could be on the houston server . just let us know .
in the mean time , we ' ll be working with the various global groups to have the
proper desk , portfolio , facilities etc . . . . set up .
thanks for your help ,
trang x 3 - 6996
| 2000-11-16T00:00:00 |
28,807 |
ngi article on tw hearing ( after first day ) transwestern denies withheld capacity to boost negotiated deals
a transwestern pipeline executive yesterday dismissed allegations that the pipeline withheld firm transportation capacity bound for california from its recourse - rate shippers last winter in order to free up more capacity for contracts at substantially higher negotiated rates .
mary kay miller , vice president of rates and certificates , acknowledged transwestern may have had discussions and exchanged faxes ( prior to posting its available capacity ) with two shippers - - sempra energy and richardson products ii ltd . - - that subsequently entered into negotiated - rate transactions . but she stressed that requests for capacity by sempra energy and richardson were considered " moot " by the pipeline until after the available operational capacity was posted .
" even if they would have sent . . . a fax the day before " capacity became available , " it would have been irrelevant because there was no capacity posted " at that time , said miller . capacity requests that came in prior to jan . 31 , the day that available capacity was posted for february contracts on transwestern , were " null and void . " the only " relevant " ones were those that transwestern received on or after jan . 31 , she noted .
miller spent much of wednesday on the stand being quizzed by lawyers for ferc and producers about transwestern ' s methods for notifying customers about available capacity , the manner in which it chooses winning bids and about its pre - posting contacts with sempra energy and richardson .
it was the first day of a ferc hearing exploring charges that transwestern exercised market power in awarding negotiated - rate contracts that led to shippers being charged as much as $ 27 / mmbtu last february , far in excess of the pipeline ' s maximum allowed rate of 38 cents / mmbtu for firm transportation service to the california border . the commission proceeding yesterday focused on four negotiated - rate contracts of sempra energy and richardson for a total 45 , 000 mmbtu / d of service on transwestern during february and march .
richardson and sempra " clearly did not have any ' deal ' entitling them to the posted capacity before it was posted , " miller said in prepared rebuttal testimony . the two companies " had the right to the capacity only ' after ' they submitted their bids , ' after ' the posting period ended , ' after ' transwestern determined that no other bids were submitted , and ' after ' a contract was agreed upon between transwestern , richardson or sempra , " she noted .
despite claims made by ferc energy industry analyst barry e . sullivan to the contrary , " transwestern did not withhold capacity that otherwise could have been made available under recourse rates in order to make the capacity available under substantially higher negotiated rates , " miller testified .
sullivan , an analyst in the ferc office of markets , tariffs and rates ' ( omtr ) division of litigation , contends that transwestern threatened to withhold capacity unless shippers agreed to negotiated rates . in fact , he believes the pre - posting discussions between transwestern and shippers were intended to raise doubts about the availability of capacity at the maximum recourse rate , so that shippers might be more " willing to enter into negotiated - rate contracts above the recourse rate , in the hope of securing some of the capacity if and when [ it became ] available . " but miller counters that sullivan " offers not support for his claim . "
she noted that even sempra energy and richardson , in response to a data request by southern california edison , support transwestern ' s claims . both companies replied " no " when asked whether " any employee of transwestern or any transwestern affiliate ever indicated at any time that transwestern would not provide the capacity at the maximum tariff rate . "
the " capacity at issue was offered on transwestern ' s web site at the recourse rate in the exact same manner that all other capacity is offered on transwestern ' s web site at the recourse rate ; there was no prohibition , restrictions , limitation , condition or suggestion that a potential shipper could not bid for the capacity at the recourse rate ; and any potential shipper , including richardson or sempra , could have submitted a bid for the capacity at the recourse rate . "
sullivan contends that transwestern ' s motive for allegedly advancing negotiated - rate transactions at the expense of recourse - rate deals was pure profit . under questioning by thomas j . burgess of ferc ' s omtr , miller conceded that transwestern earned $ 1 . 8 million from sempra energy ' s contract in march , $ 1 . 3 million from richardson ' s march contract , and a " comparable " amount from richardson ' s february contract . she noted the pipeline received a " substantially higher " amount as a result of sempra ' s february contract , but she didn ' t provide an exact figure . ferc ' s sullivan estimated the pipeline ' s profit from the sempra february contract was more than $ 5 million .
sullivan said that much of the profits that wound up in transwestern ' s coffers would have gone to sempra energy and richardson if they have been able to acquire the capacity at recourse rates . but miller countered that the commission ' s negotiated - rate policy " does not require a minimum level of profit to shippers or contemplate any hindsight analysis of whether shippers could have gotten a better deal or made more profits . "
furthermore , she said the transwestern case shouldn ' t be used to consider changes to the negotiated - rate policy , as sullivan has suggested . this case " is the wrong forum for such an issue because modifying the negotiated - rate policy should only be done on an industry - wide basis so no pipeline or group of pipeline customers is competitively disadvantaged . "
| 0 |
ham
|
ngi article on tw hearing ( after first day )
|
transwestern denies withheld capacity to boost negotiated deals
a transwestern pipeline executive yesterday dismissed allegations that the pipeline withheld firm transportation capacity bound for california from its recourse - rate shippers last winter in order to free up more capacity for contracts at substantially higher negotiated rates .
mary kay miller , vice president of rates and certificates , acknowledged transwestern may have had discussions and exchanged faxes ( prior to posting its available capacity ) with two shippers - - sempra energy and richardson products ii ltd . - - that subsequently entered into negotiated - rate transactions . but she stressed that requests for capacity by sempra energy and richardson were considered " moot " by the pipeline until after the available operational capacity was posted .
" even if they would have sent . . . a fax the day before " capacity became available , " it would have been irrelevant because there was no capacity posted " at that time , said miller . capacity requests that came in prior to jan . 31 , the day that available capacity was posted for february contracts on transwestern , were " null and void . " the only " relevant " ones were those that transwestern received on or after jan . 31 , she noted .
miller spent much of wednesday on the stand being quizzed by lawyers for ferc and producers about transwestern ' s methods for notifying customers about available capacity , the manner in which it chooses winning bids and about its pre - posting contacts with sempra energy and richardson .
it was the first day of a ferc hearing exploring charges that transwestern exercised market power in awarding negotiated - rate contracts that led to shippers being charged as much as $ 27 / mmbtu last february , far in excess of the pipeline ' s maximum allowed rate of 38 cents / mmbtu for firm transportation service to the california border . the commission proceeding yesterday focused on four negotiated - rate contracts of sempra energy and richardson for a total 45 , 000 mmbtu / d of service on transwestern during february and march .
richardson and sempra " clearly did not have any ' deal ' entitling them to the posted capacity before it was posted , " miller said in prepared rebuttal testimony . the two companies " had the right to the capacity only ' after ' they submitted their bids , ' after ' the posting period ended , ' after ' transwestern determined that no other bids were submitted , and ' after ' a contract was agreed upon between transwestern , richardson or sempra , " she noted .
despite claims made by ferc energy industry analyst barry e . sullivan to the contrary , " transwestern did not withhold capacity that otherwise could have been made available under recourse rates in order to make the capacity available under substantially higher negotiated rates , " miller testified .
sullivan , an analyst in the ferc office of markets , tariffs and rates ' ( omtr ) division of litigation , contends that transwestern threatened to withhold capacity unless shippers agreed to negotiated rates . in fact , he believes the pre - posting discussions between transwestern and shippers were intended to raise doubts about the availability of capacity at the maximum recourse rate , so that shippers might be more " willing to enter into negotiated - rate contracts above the recourse rate , in the hope of securing some of the capacity if and when [ it became ] available . " but miller counters that sullivan " offers not support for his claim . "
she noted that even sempra energy and richardson , in response to a data request by southern california edison , support transwestern ' s claims . both companies replied " no " when asked whether " any employee of transwestern or any transwestern affiliate ever indicated at any time that transwestern would not provide the capacity at the maximum tariff rate . "
the " capacity at issue was offered on transwestern ' s web site at the recourse rate in the exact same manner that all other capacity is offered on transwestern ' s web site at the recourse rate ; there was no prohibition , restrictions , limitation , condition or suggestion that a potential shipper could not bid for the capacity at the recourse rate ; and any potential shipper , including richardson or sempra , could have submitted a bid for the capacity at the recourse rate . "
sullivan contends that transwestern ' s motive for allegedly advancing negotiated - rate transactions at the expense of recourse - rate deals was pure profit . under questioning by thomas j . burgess of ferc ' s omtr , miller conceded that transwestern earned $ 1 . 8 million from sempra energy ' s contract in march , $ 1 . 3 million from richardson ' s march contract , and a " comparable " amount from richardson ' s february contract . she noted the pipeline received a " substantially higher " amount as a result of sempra ' s february contract , but she didn ' t provide an exact figure . ferc ' s sullivan estimated the pipeline ' s profit from the sempra february contract was more than $ 5 million .
sullivan said that much of the profits that wound up in transwestern ' s coffers would have gone to sempra energy and richardson if they have been able to acquire the capacity at recourse rates . but miller countered that the commission ' s negotiated - rate policy " does not require a minimum level of profit to shippers or contemplate any hindsight analysis of whether shippers could have gotten a better deal or made more profits . "
furthermore , she said the transwestern case shouldn ' t be used to consider changes to the negotiated - rate policy , as sullivan has suggested . this case " is the wrong forum for such an issue because modifying the negotiated - rate policy should only be done on an industry - wide basis so no pipeline or group of pipeline customers is competitively disadvantaged . "
| 2001-08-30T00:00:00 |
12,477 |
meritocracy re : management sub - committee based on today ' s meeting , please complete the following :
look at the bullet points related to prtm ' s definition of a meritocracy and redefine those points to represent enron ' s meritocratic culture .
as recommended by louise , substitute the word " client " to enron .
mail to me a . s . a . p . your distinctive bullets .
i will lump everyone ' s bullet points together and we can choose from the best .
in addition , i will touch base with robert jones to make sure that we are targeting at least a 100 candidates with a variety of backgrounds that we can relate back to each meritocracy bullet point .
any questions , please email or call me x 31931 .
regards , mrha
| 0 |
ham
|
meritocracy re : management sub - committee
|
based on today ' s meeting , please complete the following :
look at the bullet points related to prtm ' s definition of a meritocracy and redefine those points to represent enron ' s meritocratic culture .
as recommended by louise , substitute the word " client " to enron .
mail to me a . s . a . p . your distinctive bullets .
i will lump everyone ' s bullet points together and we can choose from the best .
in addition , i will touch base with robert jones to make sure that we are targeting at least a 100 candidates with a variety of backgrounds that we can relate back to each meritocracy bullet point .
any questions , please email or call me x 31931 .
regards , mrha
| 2001-08-14T00:00:00 |
11,893 |
organizational changes we are pleased to announce the following organizational changes :
enron global assets and services
in order to increase senior management focus on our international businesses , we are creating a new business unit , enron global assets and services ( egas ) . egas will be led by kevin hannon , chief executive officer , and jim hughes , chief operating officer . kevin will report to the enron corp . office of the chairman . with the exception of the wessex water company ( which will remain in the enron transportation services organization ) and enron india ( discussed below ) , egas will include all of the assets and activities of the former enron global assets group and the azurix organization . egas will include enron ' s assets and merchant activities in south america . in order to ensure continuity in the management of our south american merchant business , john lavorato will remain responsible for those merchant activities . john will report to kevin hannon with respect to the south american merchant business , and will continue to report to the enron wholesale services office of the chairman for all other activities in his role as chief executive officer of enron americas .
enron india
enron ' s significant interests in india are commanding increased attention from enron ' s senior management . we are pleased to announce that rebecca mcdonald will focus exclusively on enron ' s business in india , as chief executive officer of enron india , reporting to the enron corp . office of the chairman .
enron broadband services
with kevin ' s departure from enron broadband services ( ebs ) , we are also making a number of changes in the ebs organization . jim fallon will now be president and chief operating officer of ebs . paul racicot , marcello romano and fred cohagan will maintain their ebs risk management activities within their respective regions . dave cox will continue as chief commercial officer of ebs and will also join ken rice and jim fallon in the ebs office of the chairman . finally , rick fehl will continue as vice president of network engineering and chief network officer but will now report to the ebs office of the chairman .
enron principal investments
in order to better develop and manage equity investment opportunities related to enron ' s core businesses , we are combining the existing investment groups in ena , ebs , enron investment partners and the enron special asset group into a single unit , enron principal investments . enron principal investments will work with all enron business units to identify , execute , and manage equity investments that leverage enron ' s unique and proprietary knowledge . these investments may be in the form of venture capital , leveraged buy - outs , traditional private equity and distressed debt positions . this new business unit will be headed by kevin garland , managing director , and will report to an investment committee consisting of dave delainey , ken rice , and greg whalley .
enron corporate development
in order to improve coordination of enron ' s corporate development activities , we are consolidating these activities under andy fastow , executive vice president and chief financial officer . jeff donahue , managing director of corporate development for ebs will now head corporate development across enron . corporate development leaders in the business units will have a dual reporting relationship to their business units and to jeff .
one of enron ' s most compelling challenges is the sale of certain assets or businesses that are no longer core operations . mark metts , executive vice president of enron corp . , will head up a new special projects group to specifically focus on the completion of some of these more challenging transactions .
please join us in congratulating all of these individuals on their new responsibilities .
| 0 |
ham
|
organizational changes
|
we are pleased to announce the following organizational changes :
enron global assets and services
in order to increase senior management focus on our international businesses , we are creating a new business unit , enron global assets and services ( egas ) . egas will be led by kevin hannon , chief executive officer , and jim hughes , chief operating officer . kevin will report to the enron corp . office of the chairman . with the exception of the wessex water company ( which will remain in the enron transportation services organization ) and enron india ( discussed below ) , egas will include all of the assets and activities of the former enron global assets group and the azurix organization . egas will include enron ' s assets and merchant activities in south america . in order to ensure continuity in the management of our south american merchant business , john lavorato will remain responsible for those merchant activities . john will report to kevin hannon with respect to the south american merchant business , and will continue to report to the enron wholesale services office of the chairman for all other activities in his role as chief executive officer of enron americas .
enron india
enron ' s significant interests in india are commanding increased attention from enron ' s senior management . we are pleased to announce that rebecca mcdonald will focus exclusively on enron ' s business in india , as chief executive officer of enron india , reporting to the enron corp . office of the chairman .
enron broadband services
with kevin ' s departure from enron broadband services ( ebs ) , we are also making a number of changes in the ebs organization . jim fallon will now be president and chief operating officer of ebs . paul racicot , marcello romano and fred cohagan will maintain their ebs risk management activities within their respective regions . dave cox will continue as chief commercial officer of ebs and will also join ken rice and jim fallon in the ebs office of the chairman . finally , rick fehl will continue as vice president of network engineering and chief network officer but will now report to the ebs office of the chairman .
enron principal investments
in order to better develop and manage equity investment opportunities related to enron ' s core businesses , we are combining the existing investment groups in ena , ebs , enron investment partners and the enron special asset group into a single unit , enron principal investments . enron principal investments will work with all enron business units to identify , execute , and manage equity investments that leverage enron ' s unique and proprietary knowledge . these investments may be in the form of venture capital , leveraged buy - outs , traditional private equity and distressed debt positions . this new business unit will be headed by kevin garland , managing director , and will report to an investment committee consisting of dave delainey , ken rice , and greg whalley .
enron corporate development
in order to improve coordination of enron ' s corporate development activities , we are consolidating these activities under andy fastow , executive vice president and chief financial officer . jeff donahue , managing director of corporate development for ebs will now head corporate development across enron . corporate development leaders in the business units will have a dual reporting relationship to their business units and to jeff .
one of enron ' s most compelling challenges is the sale of certain assets or businesses that are no longer core operations . mark metts , executive vice president of enron corp . , will head up a new special projects group to specifically focus on the completion of some of these more challenging transactions .
please join us in congratulating all of these individuals on their new responsibilities .
| 2001-06-13T00:00:00 |
24,586 |
keep your private life private . ez internet privacy computer privacy help elizabetho 318 ,
your internet usage is being tracked
you have no privacy protection .
will your boss , wife or kids find out ?
download ez internet privacy software
you ' re in serious trouble - it ' s a proven fact !
deleting internet cache and history will not protect you because any of
the web pages , pictures , movies , videos , sounds , e - mail , chat logs and
everything else you see or do could easily be recovered to haunt you
forever ! how would you feel if a snoop made this information public to your
spouse , mother father , neighbors , children , boss or the media ? it could
easily ruin your life ! solve all your problems and enjoy all the benefits of
an as new pc , ez internet privacy software can speed - up your pc / internet browser ,
reclaim hard disk space and professionally clean your pc in one easy mouse
click !
did you know for example that every click you make on windows 98 start menu
is logged and stored permanently on a hidden encrypted database within your
own computer ?
deleting internet cache and history , will not protect you . . . your pc is
keeping frightening records of both your online and off - line activity . any
of the web pages , pictures , movies , videos , sounds , e - mail and everything
else you or anyone else have ever viewed could easily be recovered - even
many years later !
how would you feel if somebody snooped this information out of your computer
and made it public ?
do your children or their friends use your computers ? what have they
downloaded and tried to delete ?
act now ! and stop these files coming back from the dead to haunt you !
click
here
to be removed click here
- - - -
this sf . net email is sponsored by : jabber - the world ' s fastest growing
real - time communications platform ! don ' t just im . build it in !
http : / / www . jabber . com / osdn / xim
spamassassin - sightings mailing list
| 1 |
spam
|
keep your private life private . ez internet privacy
|
computer privacy help elizabetho 318 ,
your internet usage is being tracked
you have no privacy protection .
will your boss , wife or kids find out ?
download ez internet privacy software
you ' re in serious trouble - it ' s a proven fact !
deleting internet cache and history will not protect you because any of
the web pages , pictures , movies , videos , sounds , e - mail , chat logs and
everything else you see or do could easily be recovered to haunt you
forever ! how would you feel if a snoop made this information public to your
spouse , mother father , neighbors , children , boss or the media ? it could
easily ruin your life ! solve all your problems and enjoy all the benefits of
an as new pc , ez internet privacy software can speed - up your pc / internet browser ,
reclaim hard disk space and professionally clean your pc in one easy mouse
click !
did you know for example that every click you make on windows 98 start menu
is logged and stored permanently on a hidden encrypted database within your
own computer ?
deleting internet cache and history , will not protect you . . . your pc is
keeping frightening records of both your online and off - line activity . any
of the web pages , pictures , movies , videos , sounds , e - mail and everything
else you or anyone else have ever viewed could easily be recovered - even
many years later !
how would you feel if somebody snooped this information out of your computer
and made it public ?
do your children or their friends use your computers ? what have they
downloaded and tried to delete ?
act now ! and stop these files coming back from the dead to haunt you !
click
here
to be removed click here
- - - -
this sf . net email is sponsored by : jabber - the world ' s fastest growing
real - time communications platform ! don ' t just im . build it in !
http : / / www . jabber . com / osdn / xim
spamassassin - sightings mailing list
| 2002-07-25T00:00:00 |
9,069 |
re : weather and energy price data dear dr . kaminski :
thank you very much for the natural gas information . the electricity price
is also definitely of great help if it can be available .
could you kindly please let me know the contact information for ft or
megawatt daily ? i will contact them asap to get their permission for the
access of the price data .
thank you very much and have a great day !
mulong
on mon , 16 apr 2001 vince . j . kaminski @ enron . com wrote :
>
> mulong ,
>
> we shall send you natural gas henry hub prices right away .
> please look at the last winter and the winter of
> 95 / 96 .
>
> we shall prepare for you the electricity price
> information ( cinergy , cobb and palo verde ) but
> you have to approach ft ( the publishers of
> megawatts daily , a newsletter that produces the price
> index we recommend using ) and request the permision
> to use the data . we are not allowed to distribute
> this information .
>
> please , explain that this is for academic research and that
> we can produce the time series for you ,
> conditional on the permission from the publishers
> of megawatts daily .
>
> vince kaminski
>
>
>
>
> mulong wang on 04 / 15 / 2001 03 : 43 : 26 am
>
> to : vkamins @ ect . enron . com
> cc : richard macminn
> subject : weather and energy price data
>
>
> dear dr . kaminski :
>
> i am a phd candidate under the supervision of drs . richard macminn and
> patrick brockett . i am now working on my dissertation which is focused on
> the weather derivatives and credit derivatives .
>
> could you kindly please offer me some real weather data information about
> the price peak or plummet because of the weather conditions ?
>
> the past winter of 2000 was very cold nationwide , and there may be a
> significant price jump for natural gas or electricity . could you
> please offer me some energy price data during that time period ?
>
> your kind assistance will be highly appreciated and have a great day !
>
> mulong
>
>
>
>
>
>
>
>
>
>
| 0 |
ham
|
re : weather and energy price data
|
dear dr . kaminski :
thank you very much for the natural gas information . the electricity price
is also definitely of great help if it can be available .
could you kindly please let me know the contact information for ft or
megawatt daily ? i will contact them asap to get their permission for the
access of the price data .
thank you very much and have a great day !
mulong
on mon , 16 apr 2001 vince . j . kaminski @ enron . com wrote :
>
> mulong ,
>
> we shall send you natural gas henry hub prices right away .
> please look at the last winter and the winter of
> 95 / 96 .
>
> we shall prepare for you the electricity price
> information ( cinergy , cobb and palo verde ) but
> you have to approach ft ( the publishers of
> megawatts daily , a newsletter that produces the price
> index we recommend using ) and request the permision
> to use the data . we are not allowed to distribute
> this information .
>
> please , explain that this is for academic research and that
> we can produce the time series for you ,
> conditional on the permission from the publishers
> of megawatts daily .
>
> vince kaminski
>
>
>
>
> mulong wang on 04 / 15 / 2001 03 : 43 : 26 am
>
> to : vkamins @ ect . enron . com
> cc : richard macminn
> subject : weather and energy price data
>
>
> dear dr . kaminski :
>
> i am a phd candidate under the supervision of drs . richard macminn and
> patrick brockett . i am now working on my dissertation which is focused on
> the weather derivatives and credit derivatives .
>
> could you kindly please offer me some real weather data information about
> the price peak or plummet because of the weather conditions ?
>
> the past winter of 2000 was very cold nationwide , and there may be a
> significant price jump for natural gas or electricity . could you
> please offer me some energy price data during that time period ?
>
> your kind assistance will be highly appreciated and have a great day !
>
> mulong
>
>
>
>
>
>
>
>
>
>
| 2001-04-16T00:00:00 |
31,627 |
learn to expedite the service effectively online . convenient rx solution for you available .
it is the discount pharmacy that offfers over 600 meds for pain relief ,
sexual health , sleeping disorder , allergy , anxiety relief and others .
share this secret for great saving on meds with others . shop online for
quality meds with express shipment and bonus rx .
press here to enter
your site supplies great quality meds . i don ' t need to worry about the high
payment on meds anymore . - - simon b . in nc
" do me a favorand check the news online . save pictures articles and videos
if you can . i ' ll stay in contact . to read it , oblivious to everything
else , including his wife , melida , who is in another room
" our family is in need , " she writes on her computer . " medical
| 1 |
spam
|
learn to expedite the service effectively online .
|
convenient rx solution for you available .
it is the discount pharmacy that offfers over 600 meds for pain relief ,
sexual health , sleeping disorder , allergy , anxiety relief and others .
share this secret for great saving on meds with others . shop online for
quality meds with express shipment and bonus rx .
press here to enter
your site supplies great quality meds . i don ' t need to worry about the high
payment on meds anymore . - - simon b . in nc
" do me a favorand check the news online . save pictures articles and videos
if you can . i ' ll stay in contact . to read it , oblivious to everything
else , including his wife , melida , who is in another room
" our family is in need , " she writes on her computer . " medical
| 2005-02-04T00:00:00 |
7,756 |
test project proposal vince :
i did get the proposal out today , but after close of business your time .
sorry for the brief delay . you will find two attachments . the first is our
time and materials contract , which will need to be executed if you want to
do the test project . the second is an addendum to that time and materials
contract under section h , which allows for specific work statements to amend
and supersede the general consulting agreement . the general consulting
agreement ( termsandconditions . doc ) contains all the confidentiality , billing
rate , and other provisions that your contract people will probably want and
provides a general framework for doing business . the work statement
( testproject . doc ) contains the specific provisions for our standard weeklong
onsite test project .
i hope we get the opportunity to serve you and ultimately to make
marketpoint available to you . in light of the contiguity to the holidays , i
dont think it would be realistic to try to schedule this test project before
then , probably from your perpsective as well as ours . let ' s think about
doing it the first opportunity in january if you decide to go forward if
that is ok with you .
all the best .
dale
- testproject . doc
- termsandconditions . doc
| 0 |
ham
|
test project proposal
|
vince :
i did get the proposal out today , but after close of business your time .
sorry for the brief delay . you will find two attachments . the first is our
time and materials contract , which will need to be executed if you want to
do the test project . the second is an addendum to that time and materials
contract under section h , which allows for specific work statements to amend
and supersede the general consulting agreement . the general consulting
agreement ( termsandconditions . doc ) contains all the confidentiality , billing
rate , and other provisions that your contract people will probably want and
provides a general framework for doing business . the work statement
( testproject . doc ) contains the specific provisions for our standard weeklong
onsite test project .
i hope we get the opportunity to serve you and ultimately to make
marketpoint available to you . in light of the contiguity to the holidays , i
dont think it would be realistic to try to schedule this test project before
then , probably from your perpsective as well as ours . let ' s think about
doing it the first opportunity in january if you decide to go forward if
that is ok with you .
all the best .
dale
- testproject . doc
- termsandconditions . doc
| 2000-11-28T00:00:00 |
2,224 |
hpl meter # 985579 gary :
hpl received volumes at the above meter during 1 / 1 / 99 thru 6 / 99 . prior to
1 / 1 / 99 , ena was purchasing some of the volumes from i p petroleum under
contract # 016 - 44386 - 102 ; deal # 341832 . this deal expired 12 / 31 / 99 , but the
volumes continued to flow and be allocated to i p petroleum by pioneer .
since there was no deal to cover these volumes , these volumes were allocated
to hpl strangers gas contract .
volume mgmt had previously requested a deal to cover these volumes from
someone , but never received one .
here are the months and volumes that need resolution :
prod . mth mmbtus
jan . 99 6 , 510
feb . 99 6 , 395
mar . 99 14 , 789
apr . 99 16 , 866
may . 99 8 , 415
jun . 99 13 , 858
total 66 , 833
possible solution :
1 . need a deal to cover the periods in question , or
2 . provide authorization to writeoff the volumes . ( print & return original
to clem cernosek )
approval to writeoff the volumes to unaccounted for gas loss
ps : my understanding is that neither i p petroleum nor pioneer have
addressed any issues concerning these volumes .
| 0 |
ham
|
hpl meter # 985579
|
gary :
hpl received volumes at the above meter during 1 / 1 / 99 thru 6 / 99 . prior to
1 / 1 / 99 , ena was purchasing some of the volumes from i p petroleum under
contract # 016 - 44386 - 102 ; deal # 341832 . this deal expired 12 / 31 / 99 , but the
volumes continued to flow and be allocated to i p petroleum by pioneer .
since there was no deal to cover these volumes , these volumes were allocated
to hpl strangers gas contract .
volume mgmt had previously requested a deal to cover these volumes from
someone , but never received one .
here are the months and volumes that need resolution :
prod . mth mmbtus
jan . 99 6 , 510
feb . 99 6 , 395
mar . 99 14 , 789
apr . 99 16 , 866
may . 99 8 , 415
jun . 99 13 , 858
total 66 , 833
possible solution :
1 . need a deal to cover the periods in question , or
2 . provide authorization to writeoff the volumes . ( print & return original
to clem cernosek )
approval to writeoff the volumes to unaccounted for gas loss
ps : my understanding is that neither i p petroleum nor pioneer have
addressed any issues concerning these volumes .
| 2000-12-14T00:00:00 |
31,783 |
cute girs seeking love finally a place for the sexually - liberated
find the love and romance you deserve !
http : / / responsiblefor . com / dclr . html
if you got this message by mistake , or you do not wish to get messages
from http : / / www . datinggold . com please click below :
facto boundnitric past rubdowngymnast
tenure wastefuldabble ernestine muzoquixote
cadillac adverbenclave abelian celebesaccuracy
dane bustardideologue baronial afghanistandame
amply senorathor
| 1 |
spam
|
cute girs seeking love
|
finally a place for the sexually - liberated
find the love and romance you deserve !
http : / / responsiblefor . com / dclr . html
if you got this message by mistake , or you do not wish to get messages
from http : / / www . datinggold . com please click below :
facto boundnitric past rubdowngymnast
tenure wastefuldabble ernestine muzoquixote
cadillac adverbenclave abelian celebesaccuracy
dane bustardideologue baronial afghanistandame
amply senorathor
| 2005-02-13T00:00:00 |
1,908 |
hpl nom for october 26 , 2000 ( see attached file : hplnl 026 . xls )
- hplnl 026 . xls
| 0 |
ham
|
hpl nom for october 26 , 2000
|
( see attached file : hplnl 026 . xls )
- hplnl 026 . xls
| 2000-10-25T00:00:00 |
29,663 |
cheating wives . . . cheating
start an affair with a local woman
. . . . . . . . house
thousands of horny wives looking for an adventure
. . . . . . . . . . . wife
only 1 $
membership , to verify your legal age
. . . . services
home page
don ' t love him / her anymore ?
find your adventure here
ztop it !
awarded best adult dating website 2004
| 1 |
spam
|
cheating wives
|
. . . cheating
start an affair with a local woman
. . . . . . . . house
thousands of horny wives looking for an adventure
. . . . . . . . . . . wife
only 1 $
membership , to verify your legal age
. . . . services
home page
don ' t love him / her anymore ?
find your adventure here
ztop it !
awarded best adult dating website 2004
| 2004-09-15T00:00:00 |
9,198 |
re : statistician from rice osman ,
this guy is too much .
i would tell him that we understand
that he has to make the best choice
for himself and can change his mind but at this point we treat
his decision as final but we still appreciate the interest he showed
in enron .
we never had any luck hiring a statistician .
maybe we shall get one some day .
vince
osman sezgen @ ees
04 / 20 / 2001 11 : 54 am
to : vince j kaminski / hou / ect @ ect , pinnamaneni krishnarao / hou / ect @ ect
cc :
subject : statistician from rice
i had a message on my phone this morning from william indicating that
he had changed his mind and will be taking another job . he also mentions that
the other organization will give him time to publish his thesis and he
assumes
enron would not do that .
i am inclined to give up on him but wanted to get your input before doing so .
osman
| 0 |
ham
|
re : statistician from rice
|
osman ,
this guy is too much .
i would tell him that we understand
that he has to make the best choice
for himself and can change his mind but at this point we treat
his decision as final but we still appreciate the interest he showed
in enron .
we never had any luck hiring a statistician .
maybe we shall get one some day .
vince
osman sezgen @ ees
04 / 20 / 2001 11 : 54 am
to : vince j kaminski / hou / ect @ ect , pinnamaneni krishnarao / hou / ect @ ect
cc :
subject : statistician from rice
i had a message on my phone this morning from william indicating that
he had changed his mind and will be taking another job . he also mentions that
the other organization will give him time to publish his thesis and he
assumes
enron would not do that .
i am inclined to give up on him but wanted to get your input before doing so .
osman
| 2001-04-23T00:00:00 |
13,827 |
enron mentions enron looks for investors , but finds them skittish
the new york times , 11 / 07 / 01
companies & finance the americas - companies scale back enron business
financial times , 11 / 07 / 01
enron ' s weaknesses threaten industry
los angeles times , 11 / 07 / 01
s america ' s freer markets - - - one burst bubble vs . two
the wall street journal , 11 / 07 / 01
a war casualty ? ; the experts say supplies are safe , but the longer the afghan fight , the greater the risk
newsweek , 11 / 12 / 01
enron cancels meeting with dabhol power lenders on court action
bloomberg , 11 / 12 / 01
india : update 1 - india lenders seek court action over enron plant .
reuters english news service , 11 / 07 / 01
enron india : dabhol pwr lenders ' singapore mtg canceled
dow jones energy service , 11 / 07 / 01
india : tata power may ask lenders for loan write - off in dpc
business line ( the hindu ) , 11 / 07 / 01
path paved for due diligence by tata and bses
business standard , 11 / 07 / 01
domestic lenders file lawsuit against enron ' s indian unit
agence france - presse , 11 / 07 / 01
former enron ceo testifies before sec tuesday - exec
dow jones energy service , 11 / 06 / 01
usa : wrapup - enron shares sink as company looks for cash .
reuters english news service , 11 / 06 / 01
usa : buyout funds flock to enron ? might be a pipe dream .
reuters english news service , 11 / 06 / 01
usa : enron shows few signs of restoring battered image .
reuters english news service , 11 / 06 / 01
playing the flux with enron
realmoney . com , 11 / 06 / 01
look ahead instead of looking for market justice
realmoney . com , 11 / 06 / 01
business / financial desk ; section c
enron looks for investors , but finds them skittish
by richard a . oppel jr . and andrew ross sorkin
11 / 07 / 2001
the new york times
page 2 , column 5
c . 2001 new york times company
enron ' s attempt to quietly line up a big - name investor to demonstrate its financial strength seems to have backfired .
overtures to several prominent investors have failed to turn up any takers , sending the stock to a new low yesterday . uncertainty about the impact of enron ' s troubles have also prompted one big energy trader to unwind some positions .
representatives of enron , the energy trading company based in houston , have approached warren e . buffett , the chairman of berkshire hathaway , but he decided not to pursue a major investment in the company , according to a person close to the talks . part of mr . buffett ' s reluctance was an unwillingness to sign a confidentiality agreement with the company that would preclude him from trading in enron ' s debt , the person said . officials of berkshire hathaway did not return phone calls tuesday .
more than a dozen buyout firms , including clayton , dubilier the blackstone group , and kohlberg kravis roberts , have expressed little interest , according to a person close to the talks . the g . e . capital unit of general electric has also been approached , this person said , and has not ruled out an investment . officials from all of the companies declined comment or did not return telephone calls . the overtures were reported tuesday by the wall street journal .
although it used its pipeline assets last week to secure a $ 1 billion credit line , the company ' s ability to obtain additional financing is unclear to investors . shares of enron fell $ 1 . 50 yesterday to $ 9 . 67 , the lowest since 1992 .
enron could lose its investment - grade credit rating . if it did , traders might shift their business elsewhere because of additional risk . a ratings cut could also trigger early redemption of debt that enron has guaranteed , forcing the company to issue tens of millions of new shares to cover the debt .
moody ' s investors service and standard & poor ' s rate enron two notches above ' ' junk ' ' status , while fitch investors service lowered it this week to just one notch above junk . fitch cited ' ' the difficulties enron faces in managing its liquidity position in the face of an erosion in investor confidence ' ' and said that it would consider further downgrades .
the company ' s prospects are further clouded by an investigation into enron ' s finances by the securities and exchange commission . on tuesday , officials with the milken institute said jeffrey k . skilling , enron ' s former chief executive officer who resigned in august , had to cancel a seminar appearance because he had to go to washington . a spokesman for mr . skilling said he was not in washington today , but that he was planning to answer questions from the s . e . c .
according to a person close to the company , enron hopes within the next week to outline publicly the various off - balance - sheet debts and related - party transactions that have drawn the attention of the s . e . c .
officials with other large energy companies , including duke energy , dynegy inc . and reliant inc . , declined comment tuesday on whether they have had discussions about making an investment in enron .
a senior executive at the el paso corporation , the houston natural gas giant with a market capitalization that is now three times that of enron , said the company might be interested in acquiring assets from enron but was unlikely to do a large transaction . ' ' we like companies that have hard assets , ' ' said the executive , adding that no talks were under way about asset purchases , although the executive said el paso officials believe enron will survive this crisis .
large energy traders said tuesday that they are still doing business with enron , though they continue to watch the situation very closely . some executives also said some energy producers may be steering business away from enron and to other traders and marketers .
an enron spokesman said that transaction volume remains unchanged in the company ' s north american natural gas and power business - - which accounts for more than 90 percent of the company ' s trading .
officials at one of the largest independent natural gas producers , the apache corporation of houston , said they have unwound nearly all of their hedges on gas prices in the last few days over concerns about what would happen to the marketplace for energy derivatives if enron collapsed . apache , like many gas producers , had entered into financial contracts allowing it to sell natural gas at set prices . with the steep drop in prices this year , apache has large paper gains on those contracts .
apache has been able to unwind all but one hedge , a complicated transaction that involves enron and other parties , said ray plank , apache ' s chairman . the primary reason for unwinding the hedges , he said , ' ' is that the market is having to digest the major impact of enron ' s credit problems . ' '
apache has about a gain of about $ 70 million from the various transactions , he said . ' ' we ' ve got a stack of chips in front of us , and we decided we ' d take them and get out of the game . ' '
copyright ? 2000 dow jones & company , inc . all rights reserved .
companies & finance the americas - companies scale back enron business
by robert clow , julie earle and sheila mcnulty .
11 / 07 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
energy houston company feels commercial impact of continuing public relations crisis .
counterparties are starting to withdraw their business from enron , in an early sign that the embattled company ' s trading business could be adversely affected by the company ' s continuing public relations crisis .
aquila said it had been reducing its exposure to enron for some time because of its risk limits . the company ' s risk - management controls have obliged it to scale down exposure to enron as dealing with the houston - based energy trader has come to be considered more of a risk .
separately , apache , an oil company , said it was closing out of some of the hedges it had put on with enron .
raymond plank , apache chairman and chief executive , said his company was now pulling back from all hedging , including those with enron . " if they have 25 per cent of the market , and they continue to have the problems which are evident daily , they could start a tidal wave , which could affect other elements of the futures market , " he said .
mr plank added that apache was also to stop selling enron crude oil , the only other business it did with the energy company . " we don ' t want the credit risk , " he said .
an enron spokesman said aquila remained one of enron ' s most prominent counterparties , though he added that he could not comment about whether aquila might have reduced its credit exposure to enron . apache is a small customer in what , for enron , is a small business , he added .
enron has been under pressure since october 16 , when management announced that the company had incurred a $ 1 . 01 bn charge and $ 1 . 2 bn reduction of shareholders ' equity as a result of some off - balance sheet dealings . the company has also become the subject of a securities and exchange commission investigation as a result of those dealings .
since that announcement the company ' s share price has fallen more than 50 per cent and enron ' s long - term debt has been downgraded by all three leading credit rating agencies .
but despite the pr crisis , enron has repeatedly stressed that its core trading business has been performing well .
enron counterparties ' growing wariness comes at a time of continuing nervousness over the company ' s balance sheet . one of the company ' s first actions after the initial announcement was to draw down $ 3 . 3 bn of bank lines to protect itself against fickle commercial - paper lenders spurning it . then , earlier this week , enron followed that up by raising $ 1 bn from a secured credit line co - arranged by jp morgan chase and citigroup .
at the time of the new bank deal , an official close to the bank group described the funds as " comfort " funds which the company could simply " stack up in the lobby " , in order to reassure investors .
unfortunately , the loan does not seem to have reassured investors as much as was hoped . enron is now talking to private equity firms , including the blackstone group , about supporting it with a $ 2 bn investment .
off - balance sheet entities affiliated to enron owe $ 8 bn - $ 9 bn in debt . enron itself is carrying $ 12 . 8 bn in debt .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones financial desk
enron ' s weaknesses threaten industry
james flanigan ; nancy rivera brooks
times staff writers
11 / 07 / 2001
los angeles times
home edition
c - 1
copyright 2001 / the times mirror company
executives in the energy industry voiced concern tuesday at the continuing decline in the value and credit rating of enron corp . and questioned how long chief executive kenneth lay will keep his job .
enron ' s stock slumped to its lowest point in 91 / 2 years on reports that the houston - based energy giant is stumping for a cash infusion of $ 2 billion or more .
the fear among executives across many energy sectors is that enron ' s ability to maintain markets in contracts for electricity and natural gas would collapse under the weight of its falling credit standing and the growing reluctance of other energy companies to do business with it .
enron is the world ' s largest trader of energy contracts , taking in more than $ 140 billion in revenue in the first nine months of this year from buying and selling electric power and natural gas contracts worth more than $ 500 billion in aggregate .
industry sources estimate that enron is involved in one - third of all energy contracts . if such a market maker could not function because of lack of financing , the ripple effects could be a disaster for energy industries , experts said .
" what we ' re seeing is a threat to far more than a single company or even a single industry , " one energy investor said .
leading energy executives have been approached by institutional investors to consider forming a new management team , sources said tuesday . such a team would step in at enron to work out its difficulties , which stem from transactions and obligations the company evidently made with at least 33 off - balance - sheet partnerships from which enron managers profited .
lawyers suing the company say enron used the affiliated partnerships to hide liabilities from shareholders . investors also have accused company executives of conflicts of interest because they acted on investments for both the company and the partnerships .
the thinking in energy circles in houston and elsewhere , sources said , is that enron chairman and ceo lay would have to resign to allow the company to attract fresh financing . enron was reported tuesday in the wall street journal to be seeking $ 2 billion in financing .
sources in houston reported that the company was discussing emergency financing with blackstone group , a new york - based investment firm . widespread reports had major oil companies , particularly royal dutch / shell group , considering a buyout of enron .
jeffrey skilling , who resigned suddenly in august as enron ' s ceo , was reported to be under subpoena to testify in washington . enron is under investigation by the securities and exchange commission for possibly failing to properly disclose off - balance - sheet partnerships to shareholders .
meanwhile , the company ' s stock declined $ 1 . 50 a share to $ 9 . 67 on the new york stock exchange , the stock ' s lowest closing price since 1992 . less than a year ago , enron stock sold for $ 84 . 88 a share .
enron ' s credit rating has been downgraded by fitch inc . , standard & poor ' s and moody ' s investors service , with fitch on monday taking the company ' s credit to bbb - , one level above noninvestment grade .
fitch analyst ralph pellecchia said his agency would drop enron to junk status if the company made no progress in reducing its debt , if its trading business were to show signs of significant deterioration or if expenses and charges from noncore businesses it is selling should exceed current estimates .
a rating below investment grade would present further obstacles to enron ' s ability to continue making markets in electricity and natural gas supplies . a fall below investment grade also would trigger early repayment of $ 3 . 3 billion in bonds that otherwise would not be due until 2002 and 2003 .
" there are a lot of things they can do that people might perceive as being positive , " pellecchia said . " they are trying to show that they have the cash available and the capacity of managing their businesses over time , of getting out of bad businesses and running their business more openly and transparently . obviously , this is a process . "
enron ' s troubles have cascaded of late . the company reported a $ 618 - million loss in the third quarter and a $ 1 . 2 - billon reduction in shareholder equity - - after two years in which its annual revenue more than trebled .
the company led a trend in energy trading , creating an internet - based network , enrononline , that allowed millions of suppliers and purchasers of electricity , natural gas , oil and coal to trade with one another . enron made markets in all those commodities , putting up its own capital to buy and sell them .
it is that key role as a clearinghouse that has put enron in greatest peril because it needs a continuing flow of cash to act as " the buyer for every seller and the seller to every buyer , " said philip k . verleger jr . , a newport beach energy economist .
" enron is now trying to reach out to other people to get them to fund this enrononline . . . but a lot of companies have been moving business out of enron , " he said .
ironically , california is in the position to help push enron deeper into trouble , verleger said .
that is because enron is owed millions of dollars by california for electricity sold to the state and its utilities during the power crisis , and enron , in its role as market maker , probably has a hand in many of the controversial long - term power contracts signed this year by the state . gov . gray davis , other politicians and state regulators have repeatedly accused enron of overcharging for electricity .
" if gray davis were to pull the plug on the state ' s electricity deals with enron or other firms , he quite possibly could put enron into bankruptcy , " verleger said . " how quickly things change . "
if enron were to collapse , he said , much of the company ' s trading business could simply migrate to smaller competitors , as happened when junk - bond powerhouse drexel burnham lambert inc . folded in 1990 . but such a collapse could seriously damage the trading of electricity , he said , because enron pioneered that market and its complex financial instruments .
*
bloomberg news was used in compiling this report .
copyright ? 2000 dow jones & company , inc . all rights reserved .
s & p lowers rating on yosemite securities co . ' s notes to ' bbb '
11 / 07 / 2001
pr newswire
( copyright ( c ) 2001 , pr newswire )
london , nov . 7 / prnewswire / - - standard & poor ' s today lowered its rating on the gbp 200 million 8 . 75 % series 2000 - a linked enron obligations issued by yosemite securities co . ltd . to ' bbb ' from ' bbb + ' .
the rating action is a consequence of the downgrade of enron corp . ' s senior unsecured debt rating , which acts as support to yosemite securities co . ltd . , to ' bbb ' from ' bbb + ' on nov . 1 , 2001 .
/ contact : perry inglis of standard & poor ' s , london , + 44 - 20 - 7826 - 3857 / 07 : 32 est
copyright ? 2000 dow jones & company , inc . all rights reserved .
fund track
mutual - fund manager exits merrill lynch
by tom lauricella
staff reporter of the wall street journal
11 / 07 / 2001
the wall street journal
cl 8
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - - james d . mccall , a star mutual - fund manager when he was hired two years ago by merrill lynch & co . but whose investment performance took a breathtaking fall as tech stocks crumbled , left the company .
the two merrill funds run by mr . mccall , who specializes in aggressive , fast - trading stock picking , are among the worst - performing stock funds of any kind over the last year , costing investors hundreds of millions of dollars since his big bets on technology turned sour during the past year .
the $ 329 million merrill lynch focus twenty fund lost shareholders 81 % of their investment during the past 12 months . mr . mccall ' s other portfolio , the $ 66 million premier growth fund , is down 68 % . when the two portfolios were rolled out during the spring of 2000 , investors entrusted $ 1 . 2 billion to the funds .
a merrill spokesman said mr . mccall , 48 years old , wasn ' t available to comment and that the firm wouldn ' t comment on the reason for his departure .
mr . mccall ' s resignation is the first high - profile departure from the merrill lynch investment managers since jeffrey peek , the group ' s president , resigned in late september after being passed over for the post of president at the brokerage firm . that post instead went to e . stanley o ' neal .
mr . peek recruited mr . mccall slightly more than two years ago from pilgrim baxter & associates , a wayne , pa . , money manager , with the aim of broadening merrill ' s then - struggling fund lineup away from its focus on the bargain - oriented value stocks , which at the time were out of favor . mr . mccall ' s specialty is aggressively trading the stocks of fast - growing companies in a style known as momentum investing . his portfolios often were concentrated among small numbers of stocks , adding to their volatile nature .
while at pilgrim baxter , mr . mccall ' s funds were among the top - performing portfolios of their kind . in 1998 , for example , the pbhg large cap 20 fund gained 68 % in a year when the standard & poor ' s 500 - stock index rose 28 . 5 % .
however , even before mr . mccall joined merrill , there was controversy . mr . peek ' s efforts to lure him away from pilgrim baxter turned into a legal battle between merrill and pilgrim baxter , which eventually was settled under terms that weren ' t publicly disclosed . but what proved to be a bigger problem was that at just about the moment that merrill launched mr . mccall ' s funds to great fanfare , his style of investing went cold .
" talk about an ill - fated venture , " says russel kinnel , director of fund analysis at morningstar inc . " they couldn ' t have timed it worse . "
even compared with other growth funds , mr . mccall ' s funds posted exceptionally large losses . while the focus twenty fund has lost 72 % since the start of the year , the average large - cap growth fund is down 27 . 5 % , according to morningstar .
mr . mccall ' s portfolios were heavily invested in technology , telecommunications and biotechnology stocks . mr . mccall also had a big wager on enron corp . , the energy company whose stock has plunged 88 % during the year . according to the most recent information available , enron was the ninth - largest position in the focus twenty fund .
" his numbers are shockingly bad even by the standard of other growth momentum funds , " mr . kinnel says . " if you look at what is in the funds . . . if it went down , he owned it . "
taking mr . mccall ' s place on both funds will be another pbhg veteran , michael hahn . mr . hahn currently manages merrill ' s $ 11 million mid cap growth fund , which also has had a rough year , losing 57 % . the merrill spokesman said mr . mccall " is making himself available to assist in the transition " of the funds management to mr . hahn .
morningstar ' s mr . kinnel said despite the fund ' s poor performance , " the fact that they are putting mike hahn on the funds indicates that merrill isn ' t throwing in the towel on the momentum strategy . "
by late yesterday , mr . mccall ' s name and photograph had been replaced by mr . hahn ' s on the merrill web site .
copyright ? 2000 dow jones & company , inc . all rights reserved .
nov . 7 , 2001
houston chronicle
skilling , sec to talk on enron dealings
by laura goldberg
copyright 2001 houston chronicle
jeff skilling , the former chief executive officer of enron corp . , has been contacted by the securities and exchange commission .
the sec is investigating business dealings between enron and investment partnerships run by the company ' s recently removed chief financial officer , andrew fastow .
skilling plans to answer questions from the sec , denis calabrese , a spokesman for skilling , said tuesday .
wall street has raised a number of questions about enron ' s financial reporting and stability since the company released third - quarter earnings oct . 16 .
in the earnings report , enron disclosed it had taken a $ 35 million loss related to ending its relationships with investment partnerships formerly run by fastow , who was then chief financial officer . it also reduced shareholders ' equity by $ 1 . 2 billion .
fastow resigned his role with the partnerships , called ljm cayman and ljm 2 co - investment , in june after criticism from some on wall street . enron replaced him oct . 24 . skilling unexpectedly resigned in august as ceo , citing personal reasons .
enron has previously said its auditors and attorneys reviewed the fastow - ljm arrangements and that its board was fully informed of and approved the arrangements .
however , a special board committee is now reviewing transactions involving ljm and possibly other entities .
shares in enron fell $ 1 . 50 tuesday to $ 9 . 67 .
warren buffet ' s berkshire won ' t invest in enron , nyt reports
2001 - 11 - 07 04 : 17 ( new york )
houston , nov . 7 ( bloomberg ) - - berkshire hathaway inc . ' s
chairman warren buffett won ' t invest in enron corp . , the largest
energy trader , the new york times reported , citing an unidentified
person close to the talks .
buffett , who decided against investing because he was
unwilling to sign a confidentiality agreement that would preclude
him from trading in enron ' s debt , is one of a number of people and
firms approached by the energy company , the paper said .
clayton , dubilier & rice , the blackstone group and kohlberg
kravis roberts & co . have all shown little interest , a person
familiar with the talks said , according to the nyt . general
electric co . ' s ge capital unit hasn ' t ruled out an investment , the
paper cited the source a saying .
the securities and exchange commission is investigating
enron partnerships run by its former chief financial officer ,
andrew fastow . the entities bought and sold enron shares and
assets , with the trades costing enron $ 35 million and $ 1 . 2 billion
in lost shareholder equity . enron , which is seeking $ 2 billion in
private money , ousted fastow last month , the journal reported .
abreast of the market
caterpillar , ge , dupont advance , as markets climb ` wall of worry '
by robert o ' brien
dow jones newswires
11 / 07 / 2001
the wall street journal
c 2
( copyright ( c ) 2001 , dow jones that broached concerns that the company won ' t realize its ambitions of turning cash - flow positive in the second quarter of 2002 .
cephalon ( nasdaq ) added 1 . 04 , or 1 . 6 % , to 65 . 55 . the west chester , pa . , biopharmaceuticals concern posted what analysts described as strong third - quarter results , and the company raised its 2001 earnings forecast . cibc world markets , calling the results a blowout quarter , reiterated its strong buy rating on the stock .
enron fell to a 52 - week low on heavy volume ; with 45 million shares changing hands , the stock declined 1 . 50 , or 13 % , to 9 . 67 . the wall street journal reported yesterday that the energy giant is seeking another capital infusion of at least $ 2 billion .
shares of jabil circuit rose 1 . 58 , or 6 . 4 % , to 26 . 43 , after thomas weisel partners identified the st . petersburg , fla . , contract electronics manufacturer as a prospective beneficiary of improvements in cisco ' s sales ; jabil provides outsourcing services to cisco .
sap ' s american depositary shares added 1 . 60 , or 5 . 8 % , to 29 . 11 . the german enterprise - software maker introduced an enhanced integration - software product . credit suisse first boston said it didn ' t think the introduction of the product would have any short - or medium - term impact on sap ' s earnings prospects , but that it did signal the importance of the integration - software market .
shares of some integration - software developers , such as tibco software ( nasdaq ) , which fell eight cents , or 0 . 8 % , to 9 . 41 , lost ground on the prospects of increased competition in its market .
rsa security ( nasdaq ) gained 23 cents , or 1 . 7 % , to 13 . 73 . salomon smith barney described the bedford , mass . , provider of network - security products and data - encryption software as one likely beneficiary of the federal government ' s security spending package .
time warner telecom ( nasdaq ) advanced 1 . 57 , or 15 % , to 12 . 12 . the littleton , colo . , telecommunications - services provider reported third - quarter results that showed a sharp jump in revenue , though its losses increased over a year earlier , due in part to costs related to an acquisition .
copyright ? 2000 dow jones & company , inc . all rights reserved .
world stock markets - wall st trims its losses on word from fed .
by mary chung .
11 / 07 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
us stocks trimmed their their losses , immediately following the federal reserve ' s decision to lower short - term interest rates by 50 basis points yesterday .
wall street had widely expected the central bank to cut rates for the 10 th time this year to help stimulate the us economy . but the decision by the fed policymakers to cut by more aggressive 50 bp lowering the federal funds rate to 2 per cent following a recent rash of grim economic data bolstered the market . in late trading , the dow jones industrial average was off 9 . 82 at 9 , 431 . 21 and the s & p 500 index 2 . 25 at 1 , 100 . 59 . the nasdaq composite gained 1 . 41 at 1 , 795 . 06 .
cisco systems offered some cheer and earlier bolstered the technology sector after the networking company reported sales and earning above wall street forecasts and said the downturn in the sector may have bottomed . several analysts , encouraged by cisco ' s earnings performance , raised their rating on the company . shares rose 2 . 4 per cent at $ 18 . 33 while rival juniper networks slipped 2 . 6 per cent at $ 22 .
microsoft edged slightly higher , up 0 . 1 per cent at $ 63 . 34 , as six of the 18 states suing the software company said they opposed the justice department - backed settlement but would consider continued talks with the company .
shares in leading technology stocks were mixed as oracle and ciena dipped while intel and sun microsystems gained .
metropolitan life dipped 0 . 4 per cent at $ 27 . 80 after the largest us public life insurer reported lower third - quarter earnings .
walt disney was the biggest loser on the dow , down 4 per cent at $ 18 . 39 after goldman sachs downgraded the stock , citing an anticipated decline in disney ' s fiscal september 2002 earnings and the lack of a sustainable near - term catalyst .
goldman also said : " despite the box office success of monsters , 2002 earnings are under particular pressure at disney world and the broadcasting division . "
pixar animation , the company that co - produced the hit movie , continued its decline , down 1 . 6 per cent at $ 34 . 40 following a downgrade by prudential securities earlier this week .
the energy sector saw the heaviest losses with exxonmobil down 2 per cent at $ 38 . 61 and enron , the embattled energy trading company , off another 11 per cent at $ 9 . 93 .
toronto was little changed in early trading as investors awaited news of the us federal reserve ' s interest rate intentions . at midsession the s & p 300 composite index was virtually all square at 7 , 076 . 80 .
nortel networks added 35 cents at c $ 10 . 34 .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones the us $ 1 . 27 - billion acquisition of an electric plant in brazil in 1998 ; and the us $ 2 . 51 - billion purchase of a water company in the united kingdom in 1998 .
in the late 1990 s , enron executives changed course . the company said it would sell pipelines and power plants to make money almost entirely from trading energy , rather than producing it . the plan succeeded . last year , 97 % of enron ' s revenue came from trading and advising industrial customers on energy use .
copyright ? 2000 dow jones america ' s freer markets - - - one burst bubble vs . two
by jacob m . schlesinger and peter landers
staff reporters of the wall street journal
11 / 07 / 2001
the wall street journal
al
( copyright ( c ) 2001 , dow jones in the 1990 s , the u . s . held that distinction . in both cases , the good times ended with the bursting of a stock - market bubble , pricked , at least in part , by a nervous central bank . in both cases , predictions of a quick turnaround proved to be wrong .
the excessive american investment in fiber - optic high - speed phone lines echoes japan ' s decade - earlier investment binge in memory - chip factories . the plight of one well - respected american company , enron corp . - - which has lost two - thirds of its market value in just three weeks - - is reminiscent of the previously invisible weakness japan ' s slump exposed at many of that country ' s banks . even the recent squabbling in the u . s . congress that threatens to derail a package of economic - stimulus measures sounds eerily similar to the bureaucratic and political wrangling that stymied bold fixes in japan .
and now , u . s . monetary policy , considered to be the most powerful tool for countering the nation ' s downturns , is looking increasingly like japan ' s , as interest rates fall toward zero .
japan has endured a decade of stagnation . could that happen here ?
most analysts continue to answer with a resounding no . they point out that japan burst not just a stock - market bubble , but also a real - estate bubble , which in turn laid low its banking system . the u . s . bubble appears to have been limited to stocks , and the american banking system remains strong .
u . s . policy makers also insist that they are wiser than their japanese counterparts , in part because they have learned from japan ' s mistakes . and , they add , the u . s . economic and political system is more flexible than japan ' s and better able to make the necessary repairs .
" it ' s easy to raise the suspicion that the japanese and american economies have some similarities , " u . s . treasury secretary paul o ' neill said in a recent interview . " i don ' t think it ' s apt to make a comparison . " among other things , he says : " they ' re not an open economy . one of the things that has really been beneficial to our economy is this openness and the challenge that we have permitted to come in here , from foreign suppliers from all over the world . . . . "
moreover , the u . s . central bank hasn ' t yet exhausted its rate - cutting options . in announcing its half - point rate cut yesterday , the fed ' s policy committee made clear that it remained poised to keep cutting rates down into the 1 % range if deemed necessary . " for the foreseeable future , " it declared , " the risks are weighted mainly toward conditions that may generate economic weakness . "
u . s . markets have rallied in recent weeks on the assumption that the fed still will be able to turn things around by next year . indeed , after trading a bit lower yesterday in the hours before the fed ' s 2 : 15 p . m . est rate announcement , the dow jones industrial average soared 150 . 09 points , or 1 . 59 % , to finish at 9591 . 12 , just 14 points below its close the day before the sept . 11 terrorist attacks on the u . s .
fed chairman alan greenspan continues to cling to his faith in the u . s . economy ' s future . " the long - term prospects for productivity growth and the economy remain favorable and should become evident once the unusual forces restraining demand abate , " the fed said in its statement yesterday .
yet the japanese were no less confident about their economy a decade ago , even as it slipped into prolonged crisis . " our foundations are solid , " declared bank of japan governor yasushi mieno , as he started cutting interest rates in 1991 .
japan ' s nikkei stock average peaked near 40000 in december 1989 . but in 1991 , when three leading economic institutes issued long - term forecasts for japan through the next decade and beyond , each saw long - term economic growth continuing at between 3 % and 5 % a year . instead , the country grew at an annual average of 1 . 1 % between 1992 and 2000 .
in april 1992 , as the nikkei appeared to be hitting bottom at 17000 , a consensus of a dozen top forecasters still foresaw japanese economic growth for the following year at between 2 % and 3 % . it ended up growing 0 . 4 % . today , the nikkei hovers around 10000 , and the japanese economy is back in its fourth recession of the past decade .
one reason for the unexpected length and depth of japan ' s decline is that its 1980 s bubble created a myriad of destructive excesses , many of which became evident only after the bubble popped . for example , it wasn ' t until 1991 that real - estate prices started falling - - and many analysts thought that decline would be temporary . it wasn ' t until the mid - 1990 s that economists saw how severely the fall in real - estate prices had hurt japan ' s big banks .
those bad investments continue to haunt japanese banks . the banks didn ' t lend so much directly to real - estate speculators ; instead , much of the money went through intermediaries such as non - bank finance companies and construction companies . today , many of those contractors are near insolvency , and the banks may have to take huge write - offs . " we recognized that it would take a long time to be fixed , but even so , we thought that would mean two or three years , " yoshimasa nishimura , a former head of the japanese finance ministry ' s banking bureau , says of the bubble .
and it took manufacturers many years to recognize that the capacity they had built up during the bubble was never going to be used . auto makers manufactured 13 . 5 million vehicles , including trucks and buses , in japan in 1990 . the number fell off gradually after that and now stands at about 10 million per year . for years , companies kept excess capacity and workers , betting that the falloff was temporary .
when japan ' s economy first slowed , there was widespread confidence that its government could easily manage the downturn . in the 1980 s , the country ' s fabled bureaucrats had a sterling reputation for economic management , much as mr . greenspan did in the u . s . during the 1990 s . with short - term interest rates at 6 % and a budget surplus of 8 . 8 trillion yen ( $ 72 . 3 billion ) - - or 2 % of gross domestic product - - the japanese central bank and parliament had plenty of room to cut rates , cut taxes , and boost public spending .
the bank of japan did ultimately cut rates by almost all six percentage points . politicians used the full surplus and even let the government run a primary budget deficit - - or deficit excluding bond issuance and repayment - - of 11 trillion yen , or 2 % of gdp . but they acted too slowly and in the end failed to jump - start the economy .
american policy makers give themselves higher marks for speed of response . the fed has cut interest rates by 4 . 5 percentage points in just 10 months . it took the bank of japan more than 4 1 / 2 years to do the same .
moreover , the u . s . congress has turned unprecedented budget surpluses into almost certain deficits with equal dispatch , passing a massive $ 1 trillion , 10 - year tax cut earlier this year and rapidly approving $ 40 billion in stimulus measures and a $ 15 billion airline bailout in the wake of the sept . 11 terrorist attacks . members of congress now are caught up in a stalemate over a plan for $ 75 billion to $ 100 billion in additional stimulus actions , but that , too , has a good chance of enactment before year ' s end . the japanese diet , on the other hand , dallied for a year and a half before passing its first stimulus package .
even more important than the speed of america ' s policy makers , though , may be the flexibility of the american economy itself . analysts say the u . s . economy has a more self - cleansing form of capitalism that discourages the many excesses that built up in japan during the 1980 s .
a decade ago , the japanese boasted of having found the secret formula for smoothing out free - market business cycles . companies had friendly shareholders as well as bankers who provided " patient capital " that allowed for long - term technological investments in spite of weak quarterly earnings . lifetime employment guarantees gave workers a sense of income security , encouraging them to keep spending during downturns .
in retrospect , those same traits seem like weaknesses - - factors that shielded japanese companies from the free - market pressures that would have made them more efficient . the u . s . system , by contrast , is considered better equipped to shift resources from unproductive to productive uses .
even today , after the decade - long slump , the japanese company matsushita electric industrial co . refuses to lay off any of its 130 , 000 employees in japan , despite losses that are expected to exceed $ 2 billion this year . that ' s a far cry from u . s . companies , such as international business machines corp . and at & t corp . , which laid off workers even during the boom years , freeing up technology talent to go to newer , fast - growing rivals such as dell computer corp . or cisco systems inc .
in part , it is u . s . policy makers ' willingness to inflict short - term pain that allows for that flexibility . american officials argue that japan would have come out of its crisis more quickly if it had handled its banking crisis the way the u . s . handled the american savings and loan crisis in the 1980 s . back then , u . s . government - ordered thrift shutdowns and foreclosures caused shareholders to lose their investments and borrowers to lose their properties . in japan , failed banks were propped up , and their problems allowed to fester .
still , american - style free markets are hardly immune from excesses , and more and more become apparent the longer the economy idles . telecom companies spent tens of billions of dollars to lay tens of millions of miles of fiber - optic cables , an estimated 2 . 6 % of which is now being used .
blue - chip american express co . ended up writing off more than $ 1 billion in junk bond investments that were considered relatively low risks until the economy went sour . " subprime " lender providian financial corp . sent its earnings and stock price soaring in the late 1990 s by tapping the once largely ignored pool of consumers with checkered borrowing records . providian insisted that it used sophisticated models to limit its risks . nonetheless , it ended up announcing a surprising 71 % drop in third - quarter earnings last month , and its stock fell by more than half .
more surprises are almost certainly in store . many analysts argue that the u . s . stock market - - even at more than 25 % below its peak - - remains a bubble waiting to deflate further . the standard & poor ' s 500 - stock index still is trading at a price - to - earnings ratio of between 21 and 28 times earnings , depending on the measurement , and would need to fall at least 30 % to reach its historic average p / e ratio of 15 , according to the leuthold group , a minneapolis - based investment research firm .
to some analysts , the large amount of consumer debt outstanding in the u . s . is the ticking time bomb that could rival the bad loans dragging down japanese banks . american households borrowed freely and dipped deeply into savings during the 1990 s . in good times , with wages and stock portfolios rising , the situation seemed manageable . but now , as income - growth slows and mutual funds shrink , the burden could spin out of control . the fed estimates that the household debt - service burden - - the ratio of debt payments to after - tax income - - rose above 14 % earlier this year for the first time since 1987 . at about the same time , the number of americans filing for personal bankruptcy hit a record 390 , 064 .
one reason for the surge in american borrowing has been a sharp increase in the number of new home mortgages and a wave of mortgage refinancing to take advantage of falling interest rates and rising home values . both home sales and consumer spending , backed by rising housing values , have been rare bright spots over the past year in an otherwise dismal economy .
but there are dangers as well . one concern : that the sharp rise in home prices over the past four years - - nearly 20 % nationally , when adjusted for inflation , and more than 60 % in hot markets such as silicon valley , according to the office of federal housing enterprise oversight in washington - - could turn into a miniature version of japan ' s real - estate bubble .
another worry : that america ' s housing market isn ' t driven entirely by free - market forces . rather , this theory goes , it is propped up by japan - like government subsidies and easy loan terms made possible by widespread assumptions that the government would pick up the tab for any defaults .
the nation ' s mortgage market is dominated by fannie mae and freddie mac , government - chartered companies that are shareholder - owned but still enjoy various implicit and explicit subsidies , such as tax breaks and an emergency line of credit from the u . s . treasury . the two washington - area companies don ' t actually issue mortgages themselves . instead , they buy mortgages from lenders and repackage them into tradable securities . in doing so , they play a major role in influencing the size and shape of the market by setting underwriting standards for the loans they purchase .
some conservatives - - including the fed ' s mr . greenspan - - have expressed concern that fannie and freddie , by using government subsidies to expand the housing market , create distortions , drawing capital away from more productive uses . the congressional budget office estimates that the two companies last year enjoyed subsidies totaling $ 10 . 6 billion - - a number they say is exaggerated . other critics say that the companies encourage more , and riskier , lending than a completely free market would allow - - a pattern that may sustain housing demand in the near term but raises the risk of a bigger bust down the road . japan ' s woes have been exacerbated by formal and informal government backing for lenders . that includes a government housing loan corp . that gets a $ 3 billion annual subsidy and a separate state - run loan guarantee program that keeps many technically bankrupt small businesses afloat .
fannie mae chairman frank raines rejects the notion of any similarity between his company and japanese - style subsidies . " their mortgage corporation has no private - market discipline - - there is no private management , no private equity capital , no private debt capital . " fannie , he says , has all three , as well as tight regulatory standards requiring the company to keep enough capital on hand to withstand a catastrophe . the company ' s private shareholders , he adds , have every incentive to prevent overly risky lending , since they would lose their investments even if the government were to intervene to back the loans .
elsewhere on the business front , the vaunted flexibility of the american economy - - while perhaps raising efficiency in the long run - - could also serve to intensify a downturn . american corporations ' readiness to resort to layoffs at the first sign of weakness risks battering consumer confidence . in the past three months alone , the unemployment rate has soared by nearly a full percentage point - - to 5 . 4 % in october from 4 . 5 % in august , and the u . s . jobless rate once again exceeds japan ' s , which after a decade of stagnation still is 5 . 3 % .
even workers supposedly protected by union contracts have a fragile safety net . in the wake of the terrorist attacks , major airlines , such as amr corp ' s american airlines and delta air lines invoked force majeure clauses in their labor contracts , allowing them to skirt many negotiated protections and dump workers without advance notice . partly as a result , the conference board ' s index of consumer confidence plunged to 85 . 5 in october from 114 in august , one of the swiftest declines on record .
while japan ' s unique circumstances may account for some of its problems , they also may demonstrate a broader and more disturbing point : that policy may at times be relatively powerless to contain the destructive forces of a bursting bubble .
as companies are saddled with excess capacity , they have little incentive to borrow to expand , no matter how low interest rates fall . even after the sharp drop in capital spending over the past year , the percentage of industrial capacity in use in the u . s . in september was just 75 . 5 % - - the lowest level since 1983 and hardly an inducement for companies to build new factories .
layoff - spooked consumers also may be unwilling to spend tax rebates enacted to encourage shopping . a recent university of michigan survey concluded that just over one in five households have spent the rebate checks mailed out this summer , with the rest tucking the money into savings or using it to pay debt .
at the extreme , the supply overhang from a collapsing bubble can touch off a dangerous cycle of deflation , or falling prices . in a deflationary environment , consumers curb spending , waiting for goods to become still cheaper in the future . borrowers get crushed by debt burdens as their loans become more expensive in relative terms . companies , forced to keep cutting prices , cut back on workers and purchases of supplies , spreading pain throughout the economy .
in japan , deflation got under way in earnest in 1998 after the collapse of a major bank and securities company . in both 1998 and 1999 wholesale prices fell 1 . 5 % , and after a flat year in 2000 , they are falling again in 2001 . the u . s . isn ' t there yet . but commodity prices have fallen sharply since 1998 , while u . s . consumer prices , by some measures , appear to be slipping . the commerce department reported last week that its favored measure of inflation - - the price index for gross domestic purchases , or prices paid by u . s . residents - - fell by 0 . 3 % in the third quarter , a sharp reversal from the 1 . 3 % increase in the second quarter and the first quarterly decline in nearly 40 years . ( analysts say the number was artificially depressed by one - time factors relating to sept . 11 - - insurance benefit payouts that , for measurement purposes , lower insurance prices . )
in a deflationary world , the central bank ' s powers to respond are diminished because monetary policy works most effectively if interest rates can fall below the rate of inflation . but rates can ' t do that if inflation falls below zero .
copyright ? 2000 dow jones capital gains
a war casualty ? ; the experts say supplies are safe , but the longer the afghan fight , the greater the risk
by jane bryant quinn reported by temma ehrenfeld
11 / 12 / 2001
newsweek
41
copyright ( c ) 2001 newsweek inc . all rights reserved .
finding someone who worries about america ' s oil supplies today is as hard as finding osama bin laden . we keep pumping gasoline into our suvs as if oil and war , like oil and water , never mix . yet we ' re fighting in a part of the world where a misstep or assassination could shock the oil market and suddenly jack prices up . i don ' t even want to think about how much economic damage that could do .
so far , investors have barely batted an eye . average prices for energy stocks plunged earlier this year - - forecasting less demand as business slowed . now , however , there ' s hope for a recovery by mid - 2002 . starting in late september , average prices turned and rose .
consumers , too , have put away their worry beads . just last may , drivers screamed when gasoline reached an average of $ 1 . 72 a gallon at the pump . now it ' s $ 1 . 25 and could drop by an additional
10 cents , says fred rozell , retail - pricing director at the oil price information service in lakewood , n . j .
you see the same story in natural gas . prices to residential consumers dropped about 23 percent over the first nine months of 2001 , according to the bureau of labor statistics . since october 2000 , the cost of home - heating oil has gone down 17 percent .
i don ' t mean to imply that the oil markets brushed bin laden off . crude prices spiked in london right after the terror attacks . businesses dependent on oil built higher inventories . but the hijacked planes crashed into a world economy that was already weak . oil demand slumped . opec prices plunged by almost one third , to less than $ 19 a barrel .
together , the opec countries pump 40 percent of the world ' s oil . last week they let it be known that they would cut production - - hoping to push up the price to $ 22 a barrel or higher . ( oil producers still have bad dreams about 1998 , when prices fell to $ 10 and their economies slipped . )
whether higher prices can be enforced , however , remains to be seen . non - opec countries , such as mexico and russia , might pump more oil to fill the gap . or the global recession might turn out to be worse than business now expects .
this war ' s economic risks seem to me to be extraordinarily high . take saudi arabia alone . the entire world needs saudi oil . that ' s the only country able to mobilize huge amounts of extra capacity , quickly , in case - - say - - iraq cuts off supplies and oil prices spike .
looking just at america , imports account for about half the oil we consume . two thirds of that goes for transportation - - cars , trucks , buses , trains , planes . forget suvs ; we ' re talking about basic business infrastructure . it doesn ' t run on green energy .
our devil ' s deal with the saudis is : you pump oil , we defend your corrupt regime against threats ( and zip our mouths , even when you let your schools and mosques preach jihad against americans in the middle east ) .
we keep some 5 , 000 u . s . military people on saudi soil . what we don ' t know is how far their power can actually reach . bin laden is making their presence a tinderbox issue for the radicals . just four weeks ago two people ( one american ) died in a bombing in the al khobar neighborhood , where 19 u . s . airmen were bombed in 1996 .
francis perrin , editorial manager of the paris - based journal arab oil & gas , thinks the saudi ruling family can hang on for a few more years , at least . if not , even hostile regimes pump oil - - witness iran .
any oil produced , anywhere , goes into the general global pool , says michael toman , a senior fellow at resources for the future in washington , d . c . one angry producer can ' t stop shipments just to the united states .
but one angry , big producer willing to pump less oil could hurt all users equally . and a new saudi regime could pump less , if it has fewer princes to support . prices might have to top $ 35 a barrel before americans start to conserve , says charlie ober , head of t . rowe price ' s new era fund .
so much for my fears . the stock market doesn ' t seem to share them . " energy stocks start to perform when the economy reaches bottom , " says j . c . waller , a portfolio manager for the icon energy fund . the gains since september suggest that investors see better business six to nine months out . a stronger economy by late 2002 would raise oil demand , raise prices and encourage drilling . that ' s why drilling and drilling - equipment stocks have been so strong .
as usual , buyers of individual stocks are walking into a minefield . ok - - the oil - drilling group has been one of the top 10 performers over the past three months . but among them , you got everything from nabors industries ( up 63 percent since late september ) to parker drilling ( down 55 percent since may ) .
and take enron , the hottie energy trader that soared to $ 89 last year . the securities and exchange commission is digging into its accounting . in just three weeks it slid 69 percent , to as low as $ 11 . 30 .
energy investors tend to rotate from sector to sector , making it tough for amateurs to keep up . that ' s where mutual funds come in .
but each " energy " fund takes a different tack . icon , for example , built its own computer model to root out what it hopes are undervalued stocks . ( its mathematics , however , don ' t include political risk . )
fidelity select energy service buys large drillers and servicers . that made it one of the worst funds this year because those stocks took such a beating during the first nine months , says dan mcneela at morningstar . as drillers gain , fidelity will turn around .
for more diversification , look at vanguard ' s energy fund . it invests in all sectors of oil and gas , so it ' s much less volatile than its competitors . " we don ' t think people should have an energy port - folio all the time , " says manager ernst von metzsch . but given the price drops in 2001 , he calls this the right time .
still , you have to ask , " what if ? " low stock prices ( and energy prices ) look interesting . but invest gradually over several months . recovery could be slow . it ' s not clear how risky this war will be .
reported by temma ehrenfeld
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron cancels meeting with dabhol power lenders on court action
2001 - 11 - 07 06 : 26 ( new york )
enron cancels meeting with dabhol power lenders on court action
mumbai , nov . 7 ( bloomberg ) - - dabhol power co . , enron corp . ' s
indian unit , said it canceled a two - day meeting with indian
lenders after local banks filed a suit to stop it from canceling
its power contract with maharashtra state .
officials from dabhol power , industrial development bank of
india and other local banks that helped fund the $ 3 billion power
project were scheduled to meet in singapore tomorrow to resolve
the ten - month - old payments dispute .
indian lenders yesterday filed a suit in the high court of
mumbai to stop dabhol power from canceling its power contract with
maharashtra state electricity board . a six - month notice period for
dabhol to cancel the contract with the board expires nov . 19 .
enron issued the notice on may 19 to end the contract because of
unpaid bills .
` ` the precipitous action taken by ifi ' s ( indian lenders ) , and
in which no advance notice was given to any parties including
foreign lenders , has resulted in cancellation of the scheduled
discussions ' ' on nov . 8 and 9 , dabhol said in a statement .
dabhol said it was ` ` surprised ' ' local banks filed a suit
just ahead of the singapore meeting ` ` specifically requested ' ' by
the lenders . government officials are meeting with enron in
washington later this week during indian prime minister atal
behari vajpayee ' s visit to the u . s .
indian lenders have lent dabhol $ 1 . 4 billion for the power
project and are most at risk if enron pulls out . they ' re concerned
the electricity board will be forced to buy the power plant if
enron carries out its threat , making it difficult for local
lenders to get back their loans .
enron owns 65 percent of dabhol , india ' s biggest foreign
investment . the board owes it $ 64 million for bills that are ten
months overdue . the board stopped buying power from dabhol in may ,
saying it was too expensive .
the court action by lenders ` ` is a precipitous step clearly
designed to frustrate ( dabhol ) and its stakeholders ' ability to
pursue legal remedies under the power purchase agreement , ' ' the
economic times quoted from a statement issued by dabhol .
- - ravil shirodkar in the mumbai newsroom ( 91 22 ) 233 9024
india : update 1 - india lenders seek court action over enron plant .
11 / 07 / 2001
reuters english news service
( c ) reuters limited 2001 .
( adds cancellation of singapore meeting and company ' s reaction in paras 3 - 7 )
bombay , nov 7 ( reuters ) - indian lenders to enron corp ' s dabhol power co ( dpc ) have filed a legal petition to try to prevent dpc from pulling out of the beleaguered power project , a senior banker said on wednesday .
" we have moved the bombay high court to get an interim stay on a final termination notice and to stop dabhol from transferring its assets , " the banker , who declined to be identified , told reuters .
the move provoked an angry reaction from dabhol .
the company immediately cancelled a scheduled meeting with domestic lenders in singapore on november 8 and 9 to discuss the issue .
" dpc is disappointed with the legal action taken by the indian lenders , which is an attempt to deny dpc ' s foreign sponsors and lenders of their previously agreed to legal claims , " it said in a statement .
the cancellation of the meeting is also a blow to efforts to solve the dispute , which has damaged india ' s efforts to attract more foreign investment in the power sector .
enron officials and the lenders were to discuss , among other things , proposals from two domestic companies , tata power and bses ltd , to buy out the u . s . company ' s stake in the project .
a final termination notice would cancel a power purchase agreement with the power plant ' s exclusive customer - maharashtra state electricity board ( mseb ) - and transfer ownership of the power plant to mseb .
dpc has not yet issued a final termination notice but it has taken a step towards that by issuing a notice of transfer of assets to mseb , which allows for the assets of the power plant to be valued .
both notices are provided for under mseb ' s power purchase agreement ( ppa ) with dabhol .
dpc and the authority have been feuding for a year over unpaid bills and tariffs . the 2 , 184 - megawatt power plant was shut down in june because of the dispute .
indian banks and other institutions have provided loans and guarantees of around $ 1 . 4 billion for the plant , india ' s largest single foreign direct investment at $ 2 . 9 billion .
the lenders ' consortium , led by industrial development bank of india , filed the petition on tuesday , the banker said .
dpc is 65 - percent owned by enron corp . , one of the world ' s biggest energy companies which is battling to calm investor worries about business deals being probed by the u . s . securities and exchange commission .
general electric co and bechtel corp each hold 10 percent in dpc .
enron corp ' s shares fell 13 . 4 percent to $ 9 . 67 on wall street on tuesday in a further fallout of investor worries about the company . its stock has fallen 88 percent this year .
under the terms of another notice served by dpc on mseb in may , the two sides are locked in a negotiating period up to november 19 to try to resolve their dispute . enron has said it intends to sell its dpc stake to either the indian government or domestic lenders .
both domestic and foreign lenders have stopped disbursements to dpc , which dabhol says has reduced its ability to look after the plant .
" we want to ensure that talks between prospective buyers and enron take place amicably . we believe if a final termination notice is served , it will precipitate the situation . we don ' t want this , " the banker said .
( with additional reporting by sriram ramakrishnan ) .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron india : dabhol pwr lenders ' singapore mtg canceled
11 / 07 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones 65 - 415 - 4066 ; sri . jegarajah @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
india : tata power may ask lenders for loan write - off in dpc
11 / 07 / 2001
business line ( the hindu )
fin . times info ltd - asia africa intel wire . business line ( the hindu ) copyright ( c ) 2001 kasturi & sons ltd . all rights res ' d
mumbai , nov . 6 lenders to enron ' s dabhol power company ( dpc ) may have to write off " part of " their loans for potential buyers to remain interested in acquiring the project .
officials at tata power told business line that the company may ask lenders at a multilateral meeting to be held in singapore to write off " part of " the $ 1 . 9 - billion in loans to the 2 , 184 - mw project .
tata power had given an expression of interest to financial institutions last month . mumbai - based power utility , bses ltd , is the only other company which has publicly expressed interest in buying the project , albeit , at a substantial discount .
according to the sources , while the tatas have asked for writing off loans in addition to the earlier demand for increasing the moratorium on loan repayments and slashing of interest rates . rupee loans constitute over 65 per cent of the debt . domestic fis would be most affected if the loans were to be written off .
senior tata power officials , including mr adi engineer , managing director and mr phiroze vandrevala , deputy managing director , are leaving for singapore on wednesday to attend the negotiations . senior bureaucrats from the union ministries of finance and power are also expected to attend , apart from state and mseb officials .
according to sources , tata power will ask for a complete debt and equity restructuring for it to buy a stake in dpc . this also includes asking enron corporation to take a 50 per cent hit on its equity in dpc .
enron had earlier quoted a price of $ 1 . 2 billion for its stake . " the tatas are looking at a figure of $ 600 million , " sources said .
another matter of contention in the price quoted by enron includes the $ 0 . 22 - billion which account for " retained earnings " which have been added to the cost . according to the tatas , they are willing to pay only $ 0 . 8 billion of these " retained earnings " which include enron ' s much - talked about ' education charges ' .
the company will push for separate negotiations for the lng terminal and the power plant . enron had earlier said that it would not consider selling the project piecemeal and that the company picking up a stake in the project would have to buy the power plant along with lng terminal .
the company plans to negotiate the debt and equity factors to bring down power tariffs to an " ideal price " of rs 2 . 70 per unit to rs 2 . 90 per unit , sources said .
archana chaudhary
copyright ? 2000 dow jones & company , inc . all rights reserved .
path paved for due diligence by tata and bses
s ravindran mumbai
11 / 07 / 2001
business standard
4
copyright ( c ) business standard
enron is poised to enter into confidentiality agreements with the two contenders tata power and bses prior to entering into serious negotiations . tata power and bses are the only two companies to have publicly evinced interest in buying enron ' s stake in dabhol power company ( dpc ) .
confirming the move a senior tata power executive said , " the terms and conditions of the confidentiality agreement are under discussion . this will pave the way for future negotiations . "
bses chairman and managing director r v shahi , however , said that he was " not aware of any such move . " the dpc spokesman could not be reached for comment . the stage seems to be set for hardcore negotiations to buy its equity in the beleaguered dpc . enron , which holds 65 per cent in dpc , has announced its intention to exit the project following payments dispute with the maharashtra state electricity board ( mseb ) .
its two other us based partners general electric and bechtel hold 10 per cent each and they too have decided to exit the project . the balance stake is held by mseb through a special purpose vehicle . enron , ge and bechtel have valued their combined 85 per cent stake at about $ 1 . 2 billion . it is learnt that bses is insisting on a steep discount but enron has so fare refused to budge . the mumbai - based power company is also negotiating for a reduction in the capital cost of the project by spinning off the 5 million tonne lng facility into a separate company . it ' s contention is that it can source gas by entering into supply agreements with other players who are setting up lng terminals on the west coast of india .
copyright ? 2000 dow jones & company , inc . all rights reserved .
domestic lenders file lawsuit against enron ' s indian unit
11 / 07 / 2001
agence france - presse
( copyright 2001 )
bombay , nov 7 ( afp ) - indian banks and financial institutions which have lent money to us - based enron corp ' s controversial domestic subsidiary have filed a lawsuit to ensure they get the funds back , an enron official said wednesday .
the suit has been filed by state bank of india , icici ltd . , industrial development bank of india and ifci ltd . , which have given enron ' s three billion - dollar power project in western maharashtra 60 billion rupees ( 1 . 25 billion dollars ) in loans .
the suit comes a day after dabhol power served an " asset transfer notice " to the maharashtra state electricity board ( mseb ) for the valuation of the company ' s assets in order to sell these off .
enron corp , along with mseb and the state government of maharashtra , had jointly set up the project , which plunged into controversy after mseb failed to pay dabhol power for power purchased from the company .
the enron official said the bankers wanted immediate resumption of work at the plant which will ensure cash flow and help the owners pay their dues to the lenders .
dabhol power company said on tuesday it plans to issue the final termination notice to mseb after november 19 in order to formally close the plant .
enron holds a 65 - percent stake in dabhol power company , while mseb is the other stakeholder .
jds / bm / dv
copyright ? 2000 dow jones & company , inc . all rights reserved .
former enron ceo testifies before sec tuesday - exec
by jason leopold
of dow jones newswires
11 / 06 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones 323 - 658 - 3874 ; jason . leopold @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : wrapup - enron shares sink as company looks for cash .
by jeff franks
11 / 06 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 6 ( reuters ) - enron corp . shares sank below the $ 10 . 00 mark for the first time in nearly a decade on tuesday as the energy trading giant sought cash to calm investor worries about business deals being probed by federal regulators .
shares in the houston - based firm closed down $ 1 . 50 , or 13 . 4 percent , to $ 9 . 67 , a level not seen since may 1992 , as enron stock continued a downward spiral that has lopped off 88 percent of its value this year .
it was the most actively traded issue on the new york stock exchange , with 29 . 6 million shares changing hands , and the fourth - biggest percentage loser .
analysts attributed the drop to ongoing investor anxiety about the company ' s deteriorating credit ratings , which have been cut to near - junk levels and raised questions about enron ' s ability to continue to finance its business .
the company , which is the nation ' s no . 1 trader of natural gas and electricity , was once a wall street star , but has fallen under fire for failing to explain off - the - balance sheet transactions that led to a $ 1 billion charge and a $ 1 . 2 billion write - down of shareholder equity on oct . 16 . its stock has lost $ 18 . 5 billion in market value since that date .
the deals , conducted with partnerships run by then - chief financial officer andrew fastow , are under investigation by the u . s . securities and exchange commission for possible conflicts - of - interest .
fastow took a leave of absence on oct . 24 in the latest of a growing line of high - profile departures topped by the august resignation of chief executive jeff skilling . he left after just six months on the job , saying he wanted a lifestyle change .
to bolster fading investor confidence , enron has been gathering cash and credit and trying to sell off assets to pay down debt .
the wall street journal reported on tuesday that enron had talked with private equity firms and rivals in the power - trading business about providing a capital infusion of at least $ 2 billion in exchange for an equity stake and other terms .
the infusion was needed , it said , because access to financing is drying up and asset sales are going slower than expected .
the report said enron had approached such buyout firms as blackstone group and clayton , dubilier & rice to gauge their interest and had gotten calls from a number of power traders , none of whom the paper could identify .
enron , blackstone , and clayton dubilier all declined comment . people familiar with the situation said clayton dubilier wasn ' t interested , but blackstone is willing to discuss an enron proposal .
a tough read
they said investors may be wary because enron ' s books are difficult to understand and therefore the depth of its problems unknown , but not lost on them is that last year the company had $ 100 billion in revenues and $ 1 . 4 billion in net earnings .
" it ' s definitely an opportunity , " said one advisor to private equity funds . " it ' s a distressed situation and it has stable cash flow . "
image experts said enron could make itself more attractive by responding fully to investor demands for more information , rather than clamming up as it has in recent days while it tries to get its house in order .
" their perception is that there ' s obfuscation going on , in terms of senior people making pronouncements without fully understanding the nature of what they ' re talking about and that in turn gives the impression that they ' re hiding something , " said john lister of lister butler consulting , a brand identity consulting firm .
he said the company should quit listening to lawyers and come clean .
" what tends to happen in these situations is lawyers get inserted into the situation . the first thing a lawyer tells you is to shut up . and unfortunately that is the antithesis of what good brand stewardship requires , " he said .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : buyout funds flock to enron ? might be a pipe dream .
by dane hamilton
11 / 06 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 6 ( reuters ) - it ' s going to take a lot of sweet - talking to get private equity firms to pour cash into troubled energy trading giant enron corp . , buyout executives and industry watchers said on tuesday .
houston - based enron , whose shares have been hammered on concerns over credit problems and accounting practices , is reportedly seeking $ 2 billion from investors to bolster its balance sheet . on tuesday , its shares fell $ 1 . 50 , or 13 . 4 percent , to $ 9 . 67 , on the new york stock exchange , the lowest in nearly a decade .
leveraged buyout ( lbo ) firms , which specialize in buying large stakes in companies and help manage them for eventual sale , are typically reticent in buying stock in public companies . and worries over enron ' s accounting transparency could force investors to spend months on due diligence , delaying any short - term infusion , experts said .
" enron is a tough one , " said david stein , partner in the fund evaluation group , which advises private equity investors . " they do so much esoteric stuff that it would take a long time to figure out . "
enron said last week it had obtained $ 1 billion in secured credit lines from j . p . morgan chase & co . and salomon smith barney . however , the wall street journal reported the company is seeking some $ 2 billion in cash from major buyout firms such as blackstone group and clayton dubilier & rice in return for an equity stake in enron .
enron , blackstone , and clayton dubilier all declined comment . however , people familiar with the situation said clayton dubilier wasn ' t interested and blackstone is willing to discuss an enron proposal .
private equity executives echoed the view that the lack of transparency in enron ' s accounting would pose a serious hazard in effectively valuing the company as a precursor to an investment .
" it would take a long time to figure out , " said one executive with a major u . s . buyout firm . even potential buyers of enron assets say they have been baffled by enron ' s financial reporting .
" our lawyers looked at some of enron ' s stuff in the past and walked away shaking their heads , " said an executive with a competing firm who asked to remain anonymous .
however , buyout executives didn ' t reject such an investment outright . despite problems that have driven enron ' s shares down from $ 75 on jan . 3 , the company still generated $ 100 billion in revenue last year and $ 1 . 4 billion in net earnings , mostly from huge trading operations in electricity and natural gas .
" it ' s definitely an opportunity , " said one advisor to private equity funds . " it ' s a distressed situation and it has stable cash flow . " but , this advisor added , " if the accounting is questionable , you have some serious issues there . you are basing your investing on the numbers the company has provided . "
if blackstone did invest in enron , it would be a step away from its traditional strategy of buying controlling stakes in private companies for eventual sale .
" our limited partners ( investors ) don ' t like this kind of investing , in general , so you have to have a compelling reason , " said steven schwarzman , blackstone ' s chief executive and co - founder , at a recent conference in new york .
most private equity funds say their pension fund investors prefer they don ' t invest in public stocks , since those investors could just as easily buy the stocks themselves without paying fees to the buyout firm .
however , some buyout firms , like warburg pincus llc , have lately made a push into public stock investing , known as private investments into public equities ( pipes ) , finding that the market meltdown in the last year has made valuations overly attractive .
blackstone ' s schwarzman said pipe investing is like being " savaged , if the underlying security goes down . "
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron shows few signs of restoring battered image .
by carolyn koo
11 / 06 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 6 ( reuters ) - enron corp . says it is working hard to restore shattered investor confidence , but shareholders and consultants see precious little of the disclosure they consider the company needs to rebuild its reputation .
the energy trading giant ' s credibility with investors has been badly tarnished and its stock price has sunk to lows last seen in 1992 , as investors clamor for more information about off - balance sheet transactions . the dealings led to a $ 1 . 2 billion write - down of shareholder equity that enron disclosed three weeks ago .
though enron promised a week after the unexpected write - down was announced to be more transparent , there is still little sign of greater disclosure . sightings of chief executive kenneth lay have been few and far between .
he dropped a scheduled appearance at a u . s . - british business meeting in houston last week , and repeated requests for interviews with him have been rebuffed .
meanwhile , wall street is voting with its feet and enron ' s stock continues to sink . the stock fell 13 . 43 percent on tuesday alone and it is now down 88 percent this year . in the past three weeks , $ 18 . 5 billion has been wiped off the company ' s market value .
" the perception is that there ' s obfuscation going on , in terms of senior people making pronouncements without fully understanding the nature of what they ' re talking about and that in turn gives the impression that they ' re hiding something , " said john lister of lister butler consulting , a brand identity consulting firm .
since investors began dumping enron securities three weeks ago , the company has made few visible moves to answer some of the calls for accountability .
it held a conference call two weeks ago and set up a committee last week to examine its finances and communicate with the u . s . securities and exchange commission , which has launched a probe into enron ' s murky transactions .
enron has maintained it is being forthright with investors , despite a barrage of criticism .
" we recognize that our credibility has been damaged and we are working on investor concerns , " a company spokeswoman said .
' trust came undone '
enron , which is garnering bad press on an almost - daily basis , does not seem to realize just how badly its once - shining reputation has eroded , consultants said . if it does , it is failing to act accordingly , they said .
" wall street gave them a high degree of credibility . they enjoyed that trust for a long time , but that trust came undone , " said john mccormack , head of consulting firm stern stewart and co . ' s energy practice .
" confidence takes a long time , years if not decades . but it can be destroyed very quickly , " he said .
even the special committee has not gone far enough , some investors said . the afl - cio umbrella labor union body , whose affiliates hold an estimated 3 . 1 million shares of enron , wrote to lay and william powers , the committee ' s chairman , making further demands .
those demands included the examination of all transactions with entities in which enron employees or directors have an interest , adopting procedures for reviewing insider participation in investments , beginning a review of executive compensation and adopting a stricter definition of director independence .
beth young , a consultant to the afl - cio , said most special committees set up to examine a company ' s actions try to show they have wide jurisdiction , a lot of power and that company executives can ' t stand in their way .
but she said enron has defined the committee ' s mission too narrowly , and she worried it would not examine other third - party transactions the company has that could be potential conflicts of interest .
lister advocates as much transparency as possible .
" the only way they can do that under the circumstances is to have a senior officer with a well - crafted story and they must give the impression that they are telling the truth , " he said .
" what tends to happen in these situation is lawyers get inserted into the situation . the first thing a lawyer tells you is to shut up . and unfortunately that is the antithesis of what good brand stewardship requires , " lister added .
copyright ? 2000 dow jones & company , inc . all rights reserved .
playing the flux with enron
by james j . cramer
realmoney . com
11 / 06 / 2001 01 : 52 pm est
url :
enron ' s ( ene : nyse - news - commentary ) really starting to shock me now . as bad as i think it is , and i think it is plenty bad , i think enron ' s got some value . i wonder if you can ' t take a flier for two bucks and change and buy both the nov . 10 puts and calls .
here ' s my reasoning : this stock is in flux . nobody knows what ' s going to happen . i think the company is worth a huge amount on a takeout . but if the wheels are really falling off , it is not going to stop here .
this two - buck - and - change play allows you a call and a put on the next 10 days ' worth of action , 10 decisive days that i think will definitely determine the fate of this darned thing .
you want to have a look at both . this strategy gives it to you .
look ahead instead of looking for market justice
by james j . cramer
realmoney . com
11 / 06 / 2001 08 : 30 am est
url :
if you want justice , cisco ( csco : nasdaq - news - commentary ) should go to zero . nortel ( nt : nyse - news - commentary ) should go to minus $ 5 . lucent ( lu : nyse - news - commentary ) should go to minus $ 20 .
if you want fairness , pmc - sierra ( pmcs : nasdaq - news - commentary ) and applied micro circuits ( amcc : nasdaq - news - commentary ) should disappear .
if you want honor , the folks at janus and invesco and firsthand should fall on their swords after issuing proclamations saying they made big mistakes and rode things all the way down and now understand that asking for forgiveness is simply out of the question . if you want right , the managers and analysts who buried you should have to go to law school and become associates .
but if you want what ' s going to happen , you better forget about all of what has happened and focus on the future , because the future is somehow brighter than the past .
look , i don ' t want to press my luck here . we nailed cisco . we have been bullish about pretty much everything except oil and gas and travel and leisure since sept . 11 and now we should be getting bullish about the latter .
understand , though , even the worst downturns in this country - - forget japan - - do end and there are people who make out whole even though they shouldn ' t .
so many of us have been conditioned by a movie form of justice . we expect gene hackman to come in here and dispense justice against bad fund managers . we think clint eastwood finds the bad guys at enron ( ene : nyse - news - commentary ) and makes them paint their pipelines red before he shoots them . we think that tom hanks will , in some sort of folksy way , make the dopes who lost you fortunes pay , somehow .
it just doesn ' t happen that way .
understand that we have been through a brutal , horrid bear market that has ruined millions of people ' s nest eggs . we have had an unimaginable destruction of capital in the last 20 months .
but it is coming to an end . don ' t fight that . mourn the bear if you thought it was dispensing justice . i know better . if you survived this far , if you have gotten this far , you are going to make it . you are going to be intact for the better times , which have started in the stock market and will soon start in the economy .
you think i am telling fairy tales ? you are wrong . i am just reciting history . in my world , i make bets that we have seen everything before . we have seen this before . things are going to get better , whether we like it or not .
i , personally , like it .
random musings : i will be out of pocket for much of the morning as today is parents ' visitation day at my daughter ' s elementary school . i ' ll be darned , after all of the events i ' ve missed ' cause of that $ % & ! # hedge fund job , if i am going to miss this opportunity now .
| 0 |
ham
|
enron mentions
|
enron looks for investors , but finds them skittish
the new york times , 11 / 07 / 01
companies & finance the americas - companies scale back enron business
financial times , 11 / 07 / 01
enron ' s weaknesses threaten industry
los angeles times , 11 / 07 / 01
s america ' s freer markets - - - one burst bubble vs . two
the wall street journal , 11 / 07 / 01
a war casualty ? ; the experts say supplies are safe , but the longer the afghan fight , the greater the risk
newsweek , 11 / 12 / 01
enron cancels meeting with dabhol power lenders on court action
bloomberg , 11 / 12 / 01
india : update 1 - india lenders seek court action over enron plant .
reuters english news service , 11 / 07 / 01
enron india : dabhol pwr lenders ' singapore mtg canceled
dow jones energy service , 11 / 07 / 01
india : tata power may ask lenders for loan write - off in dpc
business line ( the hindu ) , 11 / 07 / 01
path paved for due diligence by tata and bses
business standard , 11 / 07 / 01
domestic lenders file lawsuit against enron ' s indian unit
agence france - presse , 11 / 07 / 01
former enron ceo testifies before sec tuesday - exec
dow jones energy service , 11 / 06 / 01
usa : wrapup - enron shares sink as company looks for cash .
reuters english news service , 11 / 06 / 01
usa : buyout funds flock to enron ? might be a pipe dream .
reuters english news service , 11 / 06 / 01
usa : enron shows few signs of restoring battered image .
reuters english news service , 11 / 06 / 01
playing the flux with enron
realmoney . com , 11 / 06 / 01
look ahead instead of looking for market justice
realmoney . com , 11 / 06 / 01
business / financial desk ; section c
enron looks for investors , but finds them skittish
by richard a . oppel jr . and andrew ross sorkin
11 / 07 / 2001
the new york times
page 2 , column 5
c . 2001 new york times company
enron ' s attempt to quietly line up a big - name investor to demonstrate its financial strength seems to have backfired .
overtures to several prominent investors have failed to turn up any takers , sending the stock to a new low yesterday . uncertainty about the impact of enron ' s troubles have also prompted one big energy trader to unwind some positions .
representatives of enron , the energy trading company based in houston , have approached warren e . buffett , the chairman of berkshire hathaway , but he decided not to pursue a major investment in the company , according to a person close to the talks . part of mr . buffett ' s reluctance was an unwillingness to sign a confidentiality agreement with the company that would preclude him from trading in enron ' s debt , the person said . officials of berkshire hathaway did not return phone calls tuesday .
more than a dozen buyout firms , including clayton , dubilier the blackstone group , and kohlberg kravis roberts , have expressed little interest , according to a person close to the talks . the g . e . capital unit of general electric has also been approached , this person said , and has not ruled out an investment . officials from all of the companies declined comment or did not return telephone calls . the overtures were reported tuesday by the wall street journal .
although it used its pipeline assets last week to secure a $ 1 billion credit line , the company ' s ability to obtain additional financing is unclear to investors . shares of enron fell $ 1 . 50 yesterday to $ 9 . 67 , the lowest since 1992 .
enron could lose its investment - grade credit rating . if it did , traders might shift their business elsewhere because of additional risk . a ratings cut could also trigger early redemption of debt that enron has guaranteed , forcing the company to issue tens of millions of new shares to cover the debt .
moody ' s investors service and standard & poor ' s rate enron two notches above ' ' junk ' ' status , while fitch investors service lowered it this week to just one notch above junk . fitch cited ' ' the difficulties enron faces in managing its liquidity position in the face of an erosion in investor confidence ' ' and said that it would consider further downgrades .
the company ' s prospects are further clouded by an investigation into enron ' s finances by the securities and exchange commission . on tuesday , officials with the milken institute said jeffrey k . skilling , enron ' s former chief executive officer who resigned in august , had to cancel a seminar appearance because he had to go to washington . a spokesman for mr . skilling said he was not in washington today , but that he was planning to answer questions from the s . e . c .
according to a person close to the company , enron hopes within the next week to outline publicly the various off - balance - sheet debts and related - party transactions that have drawn the attention of the s . e . c .
officials with other large energy companies , including duke energy , dynegy inc . and reliant inc . , declined comment tuesday on whether they have had discussions about making an investment in enron .
a senior executive at the el paso corporation , the houston natural gas giant with a market capitalization that is now three times that of enron , said the company might be interested in acquiring assets from enron but was unlikely to do a large transaction . ' ' we like companies that have hard assets , ' ' said the executive , adding that no talks were under way about asset purchases , although the executive said el paso officials believe enron will survive this crisis .
large energy traders said tuesday that they are still doing business with enron , though they continue to watch the situation very closely . some executives also said some energy producers may be steering business away from enron and to other traders and marketers .
an enron spokesman said that transaction volume remains unchanged in the company ' s north american natural gas and power business - - which accounts for more than 90 percent of the company ' s trading .
officials at one of the largest independent natural gas producers , the apache corporation of houston , said they have unwound nearly all of their hedges on gas prices in the last few days over concerns about what would happen to the marketplace for energy derivatives if enron collapsed . apache , like many gas producers , had entered into financial contracts allowing it to sell natural gas at set prices . with the steep drop in prices this year , apache has large paper gains on those contracts .
apache has been able to unwind all but one hedge , a complicated transaction that involves enron and other parties , said ray plank , apache ' s chairman . the primary reason for unwinding the hedges , he said , ' ' is that the market is having to digest the major impact of enron ' s credit problems . ' '
apache has about a gain of about $ 70 million from the various transactions , he said . ' ' we ' ve got a stack of chips in front of us , and we decided we ' d take them and get out of the game . ' '
copyright ? 2000 dow jones & company , inc . all rights reserved .
companies & finance the americas - companies scale back enron business
by robert clow , julie earle and sheila mcnulty .
11 / 07 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
energy houston company feels commercial impact of continuing public relations crisis .
counterparties are starting to withdraw their business from enron , in an early sign that the embattled company ' s trading business could be adversely affected by the company ' s continuing public relations crisis .
aquila said it had been reducing its exposure to enron for some time because of its risk limits . the company ' s risk - management controls have obliged it to scale down exposure to enron as dealing with the houston - based energy trader has come to be considered more of a risk .
separately , apache , an oil company , said it was closing out of some of the hedges it had put on with enron .
raymond plank , apache chairman and chief executive , said his company was now pulling back from all hedging , including those with enron . " if they have 25 per cent of the market , and they continue to have the problems which are evident daily , they could start a tidal wave , which could affect other elements of the futures market , " he said .
mr plank added that apache was also to stop selling enron crude oil , the only other business it did with the energy company . " we don ' t want the credit risk , " he said .
an enron spokesman said aquila remained one of enron ' s most prominent counterparties , though he added that he could not comment about whether aquila might have reduced its credit exposure to enron . apache is a small customer in what , for enron , is a small business , he added .
enron has been under pressure since october 16 , when management announced that the company had incurred a $ 1 . 01 bn charge and $ 1 . 2 bn reduction of shareholders ' equity as a result of some off - balance sheet dealings . the company has also become the subject of a securities and exchange commission investigation as a result of those dealings .
since that announcement the company ' s share price has fallen more than 50 per cent and enron ' s long - term debt has been downgraded by all three leading credit rating agencies .
but despite the pr crisis , enron has repeatedly stressed that its core trading business has been performing well .
enron counterparties ' growing wariness comes at a time of continuing nervousness over the company ' s balance sheet . one of the company ' s first actions after the initial announcement was to draw down $ 3 . 3 bn of bank lines to protect itself against fickle commercial - paper lenders spurning it . then , earlier this week , enron followed that up by raising $ 1 bn from a secured credit line co - arranged by jp morgan chase and citigroup .
at the time of the new bank deal , an official close to the bank group described the funds as " comfort " funds which the company could simply " stack up in the lobby " , in order to reassure investors .
unfortunately , the loan does not seem to have reassured investors as much as was hoped . enron is now talking to private equity firms , including the blackstone group , about supporting it with a $ 2 bn investment .
off - balance sheet entities affiliated to enron owe $ 8 bn - $ 9 bn in debt . enron itself is carrying $ 12 . 8 bn in debt .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones financial desk
enron ' s weaknesses threaten industry
james flanigan ; nancy rivera brooks
times staff writers
11 / 07 / 2001
los angeles times
home edition
c - 1
copyright 2001 / the times mirror company
executives in the energy industry voiced concern tuesday at the continuing decline in the value and credit rating of enron corp . and questioned how long chief executive kenneth lay will keep his job .
enron ' s stock slumped to its lowest point in 91 / 2 years on reports that the houston - based energy giant is stumping for a cash infusion of $ 2 billion or more .
the fear among executives across many energy sectors is that enron ' s ability to maintain markets in contracts for electricity and natural gas would collapse under the weight of its falling credit standing and the growing reluctance of other energy companies to do business with it .
enron is the world ' s largest trader of energy contracts , taking in more than $ 140 billion in revenue in the first nine months of this year from buying and selling electric power and natural gas contracts worth more than $ 500 billion in aggregate .
industry sources estimate that enron is involved in one - third of all energy contracts . if such a market maker could not function because of lack of financing , the ripple effects could be a disaster for energy industries , experts said .
" what we ' re seeing is a threat to far more than a single company or even a single industry , " one energy investor said .
leading energy executives have been approached by institutional investors to consider forming a new management team , sources said tuesday . such a team would step in at enron to work out its difficulties , which stem from transactions and obligations the company evidently made with at least 33 off - balance - sheet partnerships from which enron managers profited .
lawyers suing the company say enron used the affiliated partnerships to hide liabilities from shareholders . investors also have accused company executives of conflicts of interest because they acted on investments for both the company and the partnerships .
the thinking in energy circles in houston and elsewhere , sources said , is that enron chairman and ceo lay would have to resign to allow the company to attract fresh financing . enron was reported tuesday in the wall street journal to be seeking $ 2 billion in financing .
sources in houston reported that the company was discussing emergency financing with blackstone group , a new york - based investment firm . widespread reports had major oil companies , particularly royal dutch / shell group , considering a buyout of enron .
jeffrey skilling , who resigned suddenly in august as enron ' s ceo , was reported to be under subpoena to testify in washington . enron is under investigation by the securities and exchange commission for possibly failing to properly disclose off - balance - sheet partnerships to shareholders .
meanwhile , the company ' s stock declined $ 1 . 50 a share to $ 9 . 67 on the new york stock exchange , the stock ' s lowest closing price since 1992 . less than a year ago , enron stock sold for $ 84 . 88 a share .
enron ' s credit rating has been downgraded by fitch inc . , standard & poor ' s and moody ' s investors service , with fitch on monday taking the company ' s credit to bbb - , one level above noninvestment grade .
fitch analyst ralph pellecchia said his agency would drop enron to junk status if the company made no progress in reducing its debt , if its trading business were to show signs of significant deterioration or if expenses and charges from noncore businesses it is selling should exceed current estimates .
a rating below investment grade would present further obstacles to enron ' s ability to continue making markets in electricity and natural gas supplies . a fall below investment grade also would trigger early repayment of $ 3 . 3 billion in bonds that otherwise would not be due until 2002 and 2003 .
" there are a lot of things they can do that people might perceive as being positive , " pellecchia said . " they are trying to show that they have the cash available and the capacity of managing their businesses over time , of getting out of bad businesses and running their business more openly and transparently . obviously , this is a process . "
enron ' s troubles have cascaded of late . the company reported a $ 618 - million loss in the third quarter and a $ 1 . 2 - billon reduction in shareholder equity - - after two years in which its annual revenue more than trebled .
the company led a trend in energy trading , creating an internet - based network , enrononline , that allowed millions of suppliers and purchasers of electricity , natural gas , oil and coal to trade with one another . enron made markets in all those commodities , putting up its own capital to buy and sell them .
it is that key role as a clearinghouse that has put enron in greatest peril because it needs a continuing flow of cash to act as " the buyer for every seller and the seller to every buyer , " said philip k . verleger jr . , a newport beach energy economist .
" enron is now trying to reach out to other people to get them to fund this enrononline . . . but a lot of companies have been moving business out of enron , " he said .
ironically , california is in the position to help push enron deeper into trouble , verleger said .
that is because enron is owed millions of dollars by california for electricity sold to the state and its utilities during the power crisis , and enron , in its role as market maker , probably has a hand in many of the controversial long - term power contracts signed this year by the state . gov . gray davis , other politicians and state regulators have repeatedly accused enron of overcharging for electricity .
" if gray davis were to pull the plug on the state ' s electricity deals with enron or other firms , he quite possibly could put enron into bankruptcy , " verleger said . " how quickly things change . "
if enron were to collapse , he said , much of the company ' s trading business could simply migrate to smaller competitors , as happened when junk - bond powerhouse drexel burnham lambert inc . folded in 1990 . but such a collapse could seriously damage the trading of electricity , he said , because enron pioneered that market and its complex financial instruments .
*
bloomberg news was used in compiling this report .
copyright ? 2000 dow jones & company , inc . all rights reserved .
s & p lowers rating on yosemite securities co . ' s notes to ' bbb '
11 / 07 / 2001
pr newswire
( copyright ( c ) 2001 , pr newswire )
london , nov . 7 / prnewswire / - - standard & poor ' s today lowered its rating on the gbp 200 million 8 . 75 % series 2000 - a linked enron obligations issued by yosemite securities co . ltd . to ' bbb ' from ' bbb + ' .
the rating action is a consequence of the downgrade of enron corp . ' s senior unsecured debt rating , which acts as support to yosemite securities co . ltd . , to ' bbb ' from ' bbb + ' on nov . 1 , 2001 .
/ contact : perry inglis of standard & poor ' s , london , + 44 - 20 - 7826 - 3857 / 07 : 32 est
copyright ? 2000 dow jones & company , inc . all rights reserved .
fund track
mutual - fund manager exits merrill lynch
by tom lauricella
staff reporter of the wall street journal
11 / 07 / 2001
the wall street journal
cl 8
( copyright ( c ) 2001 , dow jones & company , inc . )
new york - - james d . mccall , a star mutual - fund manager when he was hired two years ago by merrill lynch & co . but whose investment performance took a breathtaking fall as tech stocks crumbled , left the company .
the two merrill funds run by mr . mccall , who specializes in aggressive , fast - trading stock picking , are among the worst - performing stock funds of any kind over the last year , costing investors hundreds of millions of dollars since his big bets on technology turned sour during the past year .
the $ 329 million merrill lynch focus twenty fund lost shareholders 81 % of their investment during the past 12 months . mr . mccall ' s other portfolio , the $ 66 million premier growth fund , is down 68 % . when the two portfolios were rolled out during the spring of 2000 , investors entrusted $ 1 . 2 billion to the funds .
a merrill spokesman said mr . mccall , 48 years old , wasn ' t available to comment and that the firm wouldn ' t comment on the reason for his departure .
mr . mccall ' s resignation is the first high - profile departure from the merrill lynch investment managers since jeffrey peek , the group ' s president , resigned in late september after being passed over for the post of president at the brokerage firm . that post instead went to e . stanley o ' neal .
mr . peek recruited mr . mccall slightly more than two years ago from pilgrim baxter & associates , a wayne , pa . , money manager , with the aim of broadening merrill ' s then - struggling fund lineup away from its focus on the bargain - oriented value stocks , which at the time were out of favor . mr . mccall ' s specialty is aggressively trading the stocks of fast - growing companies in a style known as momentum investing . his portfolios often were concentrated among small numbers of stocks , adding to their volatile nature .
while at pilgrim baxter , mr . mccall ' s funds were among the top - performing portfolios of their kind . in 1998 , for example , the pbhg large cap 20 fund gained 68 % in a year when the standard & poor ' s 500 - stock index rose 28 . 5 % .
however , even before mr . mccall joined merrill , there was controversy . mr . peek ' s efforts to lure him away from pilgrim baxter turned into a legal battle between merrill and pilgrim baxter , which eventually was settled under terms that weren ' t publicly disclosed . but what proved to be a bigger problem was that at just about the moment that merrill launched mr . mccall ' s funds to great fanfare , his style of investing went cold .
" talk about an ill - fated venture , " says russel kinnel , director of fund analysis at morningstar inc . " they couldn ' t have timed it worse . "
even compared with other growth funds , mr . mccall ' s funds posted exceptionally large losses . while the focus twenty fund has lost 72 % since the start of the year , the average large - cap growth fund is down 27 . 5 % , according to morningstar .
mr . mccall ' s portfolios were heavily invested in technology , telecommunications and biotechnology stocks . mr . mccall also had a big wager on enron corp . , the energy company whose stock has plunged 88 % during the year . according to the most recent information available , enron was the ninth - largest position in the focus twenty fund .
" his numbers are shockingly bad even by the standard of other growth momentum funds , " mr . kinnel says . " if you look at what is in the funds . . . if it went down , he owned it . "
taking mr . mccall ' s place on both funds will be another pbhg veteran , michael hahn . mr . hahn currently manages merrill ' s $ 11 million mid cap growth fund , which also has had a rough year , losing 57 % . the merrill spokesman said mr . mccall " is making himself available to assist in the transition " of the funds management to mr . hahn .
morningstar ' s mr . kinnel said despite the fund ' s poor performance , " the fact that they are putting mike hahn on the funds indicates that merrill isn ' t throwing in the towel on the momentum strategy . "
by late yesterday , mr . mccall ' s name and photograph had been replaced by mr . hahn ' s on the merrill web site .
copyright ? 2000 dow jones & company , inc . all rights reserved .
nov . 7 , 2001
houston chronicle
skilling , sec to talk on enron dealings
by laura goldberg
copyright 2001 houston chronicle
jeff skilling , the former chief executive officer of enron corp . , has been contacted by the securities and exchange commission .
the sec is investigating business dealings between enron and investment partnerships run by the company ' s recently removed chief financial officer , andrew fastow .
skilling plans to answer questions from the sec , denis calabrese , a spokesman for skilling , said tuesday .
wall street has raised a number of questions about enron ' s financial reporting and stability since the company released third - quarter earnings oct . 16 .
in the earnings report , enron disclosed it had taken a $ 35 million loss related to ending its relationships with investment partnerships formerly run by fastow , who was then chief financial officer . it also reduced shareholders ' equity by $ 1 . 2 billion .
fastow resigned his role with the partnerships , called ljm cayman and ljm 2 co - investment , in june after criticism from some on wall street . enron replaced him oct . 24 . skilling unexpectedly resigned in august as ceo , citing personal reasons .
enron has previously said its auditors and attorneys reviewed the fastow - ljm arrangements and that its board was fully informed of and approved the arrangements .
however , a special board committee is now reviewing transactions involving ljm and possibly other entities .
shares in enron fell $ 1 . 50 tuesday to $ 9 . 67 .
warren buffet ' s berkshire won ' t invest in enron , nyt reports
2001 - 11 - 07 04 : 17 ( new york )
houston , nov . 7 ( bloomberg ) - - berkshire hathaway inc . ' s
chairman warren buffett won ' t invest in enron corp . , the largest
energy trader , the new york times reported , citing an unidentified
person close to the talks .
buffett , who decided against investing because he was
unwilling to sign a confidentiality agreement that would preclude
him from trading in enron ' s debt , is one of a number of people and
firms approached by the energy company , the paper said .
clayton , dubilier & rice , the blackstone group and kohlberg
kravis roberts & co . have all shown little interest , a person
familiar with the talks said , according to the nyt . general
electric co . ' s ge capital unit hasn ' t ruled out an investment , the
paper cited the source a saying .
the securities and exchange commission is investigating
enron partnerships run by its former chief financial officer ,
andrew fastow . the entities bought and sold enron shares and
assets , with the trades costing enron $ 35 million and $ 1 . 2 billion
in lost shareholder equity . enron , which is seeking $ 2 billion in
private money , ousted fastow last month , the journal reported .
abreast of the market
caterpillar , ge , dupont advance , as markets climb ` wall of worry '
by robert o ' brien
dow jones newswires
11 / 07 / 2001
the wall street journal
c 2
( copyright ( c ) 2001 , dow jones that broached concerns that the company won ' t realize its ambitions of turning cash - flow positive in the second quarter of 2002 .
cephalon ( nasdaq ) added 1 . 04 , or 1 . 6 % , to 65 . 55 . the west chester , pa . , biopharmaceuticals concern posted what analysts described as strong third - quarter results , and the company raised its 2001 earnings forecast . cibc world markets , calling the results a blowout quarter , reiterated its strong buy rating on the stock .
enron fell to a 52 - week low on heavy volume ; with 45 million shares changing hands , the stock declined 1 . 50 , or 13 % , to 9 . 67 . the wall street journal reported yesterday that the energy giant is seeking another capital infusion of at least $ 2 billion .
shares of jabil circuit rose 1 . 58 , or 6 . 4 % , to 26 . 43 , after thomas weisel partners identified the st . petersburg , fla . , contract electronics manufacturer as a prospective beneficiary of improvements in cisco ' s sales ; jabil provides outsourcing services to cisco .
sap ' s american depositary shares added 1 . 60 , or 5 . 8 % , to 29 . 11 . the german enterprise - software maker introduced an enhanced integration - software product . credit suisse first boston said it didn ' t think the introduction of the product would have any short - or medium - term impact on sap ' s earnings prospects , but that it did signal the importance of the integration - software market .
shares of some integration - software developers , such as tibco software ( nasdaq ) , which fell eight cents , or 0 . 8 % , to 9 . 41 , lost ground on the prospects of increased competition in its market .
rsa security ( nasdaq ) gained 23 cents , or 1 . 7 % , to 13 . 73 . salomon smith barney described the bedford , mass . , provider of network - security products and data - encryption software as one likely beneficiary of the federal government ' s security spending package .
time warner telecom ( nasdaq ) advanced 1 . 57 , or 15 % , to 12 . 12 . the littleton , colo . , telecommunications - services provider reported third - quarter results that showed a sharp jump in revenue , though its losses increased over a year earlier , due in part to costs related to an acquisition .
copyright ? 2000 dow jones & company , inc . all rights reserved .
world stock markets - wall st trims its losses on word from fed .
by mary chung .
11 / 07 / 2001
financial times
( c ) 2001 financial times limited . all rights reserved
us stocks trimmed their their losses , immediately following the federal reserve ' s decision to lower short - term interest rates by 50 basis points yesterday .
wall street had widely expected the central bank to cut rates for the 10 th time this year to help stimulate the us economy . but the decision by the fed policymakers to cut by more aggressive 50 bp lowering the federal funds rate to 2 per cent following a recent rash of grim economic data bolstered the market . in late trading , the dow jones industrial average was off 9 . 82 at 9 , 431 . 21 and the s & p 500 index 2 . 25 at 1 , 100 . 59 . the nasdaq composite gained 1 . 41 at 1 , 795 . 06 .
cisco systems offered some cheer and earlier bolstered the technology sector after the networking company reported sales and earning above wall street forecasts and said the downturn in the sector may have bottomed . several analysts , encouraged by cisco ' s earnings performance , raised their rating on the company . shares rose 2 . 4 per cent at $ 18 . 33 while rival juniper networks slipped 2 . 6 per cent at $ 22 .
microsoft edged slightly higher , up 0 . 1 per cent at $ 63 . 34 , as six of the 18 states suing the software company said they opposed the justice department - backed settlement but would consider continued talks with the company .
shares in leading technology stocks were mixed as oracle and ciena dipped while intel and sun microsystems gained .
metropolitan life dipped 0 . 4 per cent at $ 27 . 80 after the largest us public life insurer reported lower third - quarter earnings .
walt disney was the biggest loser on the dow , down 4 per cent at $ 18 . 39 after goldman sachs downgraded the stock , citing an anticipated decline in disney ' s fiscal september 2002 earnings and the lack of a sustainable near - term catalyst .
goldman also said : " despite the box office success of monsters , 2002 earnings are under particular pressure at disney world and the broadcasting division . "
pixar animation , the company that co - produced the hit movie , continued its decline , down 1 . 6 per cent at $ 34 . 40 following a downgrade by prudential securities earlier this week .
the energy sector saw the heaviest losses with exxonmobil down 2 per cent at $ 38 . 61 and enron , the embattled energy trading company , off another 11 per cent at $ 9 . 93 .
toronto was little changed in early trading as investors awaited news of the us federal reserve ' s interest rate intentions . at midsession the s & p 300 composite index was virtually all square at 7 , 076 . 80 .
nortel networks added 35 cents at c $ 10 . 34 .
( c ) copyright financial times ltd . all rights reserved .
http : / / www . ft . com .
copyright ? 2000 dow jones the us $ 1 . 27 - billion acquisition of an electric plant in brazil in 1998 ; and the us $ 2 . 51 - billion purchase of a water company in the united kingdom in 1998 .
in the late 1990 s , enron executives changed course . the company said it would sell pipelines and power plants to make money almost entirely from trading energy , rather than producing it . the plan succeeded . last year , 97 % of enron ' s revenue came from trading and advising industrial customers on energy use .
copyright ? 2000 dow jones america ' s freer markets - - - one burst bubble vs . two
by jacob m . schlesinger and peter landers
staff reporters of the wall street journal
11 / 07 / 2001
the wall street journal
al
( copyright ( c ) 2001 , dow jones in the 1990 s , the u . s . held that distinction . in both cases , the good times ended with the bursting of a stock - market bubble , pricked , at least in part , by a nervous central bank . in both cases , predictions of a quick turnaround proved to be wrong .
the excessive american investment in fiber - optic high - speed phone lines echoes japan ' s decade - earlier investment binge in memory - chip factories . the plight of one well - respected american company , enron corp . - - which has lost two - thirds of its market value in just three weeks - - is reminiscent of the previously invisible weakness japan ' s slump exposed at many of that country ' s banks . even the recent squabbling in the u . s . congress that threatens to derail a package of economic - stimulus measures sounds eerily similar to the bureaucratic and political wrangling that stymied bold fixes in japan .
and now , u . s . monetary policy , considered to be the most powerful tool for countering the nation ' s downturns , is looking increasingly like japan ' s , as interest rates fall toward zero .
japan has endured a decade of stagnation . could that happen here ?
most analysts continue to answer with a resounding no . they point out that japan burst not just a stock - market bubble , but also a real - estate bubble , which in turn laid low its banking system . the u . s . bubble appears to have been limited to stocks , and the american banking system remains strong .
u . s . policy makers also insist that they are wiser than their japanese counterparts , in part because they have learned from japan ' s mistakes . and , they add , the u . s . economic and political system is more flexible than japan ' s and better able to make the necessary repairs .
" it ' s easy to raise the suspicion that the japanese and american economies have some similarities , " u . s . treasury secretary paul o ' neill said in a recent interview . " i don ' t think it ' s apt to make a comparison . " among other things , he says : " they ' re not an open economy . one of the things that has really been beneficial to our economy is this openness and the challenge that we have permitted to come in here , from foreign suppliers from all over the world . . . . "
moreover , the u . s . central bank hasn ' t yet exhausted its rate - cutting options . in announcing its half - point rate cut yesterday , the fed ' s policy committee made clear that it remained poised to keep cutting rates down into the 1 % range if deemed necessary . " for the foreseeable future , " it declared , " the risks are weighted mainly toward conditions that may generate economic weakness . "
u . s . markets have rallied in recent weeks on the assumption that the fed still will be able to turn things around by next year . indeed , after trading a bit lower yesterday in the hours before the fed ' s 2 : 15 p . m . est rate announcement , the dow jones industrial average soared 150 . 09 points , or 1 . 59 % , to finish at 9591 . 12 , just 14 points below its close the day before the sept . 11 terrorist attacks on the u . s .
fed chairman alan greenspan continues to cling to his faith in the u . s . economy ' s future . " the long - term prospects for productivity growth and the economy remain favorable and should become evident once the unusual forces restraining demand abate , " the fed said in its statement yesterday .
yet the japanese were no less confident about their economy a decade ago , even as it slipped into prolonged crisis . " our foundations are solid , " declared bank of japan governor yasushi mieno , as he started cutting interest rates in 1991 .
japan ' s nikkei stock average peaked near 40000 in december 1989 . but in 1991 , when three leading economic institutes issued long - term forecasts for japan through the next decade and beyond , each saw long - term economic growth continuing at between 3 % and 5 % a year . instead , the country grew at an annual average of 1 . 1 % between 1992 and 2000 .
in april 1992 , as the nikkei appeared to be hitting bottom at 17000 , a consensus of a dozen top forecasters still foresaw japanese economic growth for the following year at between 2 % and 3 % . it ended up growing 0 . 4 % . today , the nikkei hovers around 10000 , and the japanese economy is back in its fourth recession of the past decade .
one reason for the unexpected length and depth of japan ' s decline is that its 1980 s bubble created a myriad of destructive excesses , many of which became evident only after the bubble popped . for example , it wasn ' t until 1991 that real - estate prices started falling - - and many analysts thought that decline would be temporary . it wasn ' t until the mid - 1990 s that economists saw how severely the fall in real - estate prices had hurt japan ' s big banks .
those bad investments continue to haunt japanese banks . the banks didn ' t lend so much directly to real - estate speculators ; instead , much of the money went through intermediaries such as non - bank finance companies and construction companies . today , many of those contractors are near insolvency , and the banks may have to take huge write - offs . " we recognized that it would take a long time to be fixed , but even so , we thought that would mean two or three years , " yoshimasa nishimura , a former head of the japanese finance ministry ' s banking bureau , says of the bubble .
and it took manufacturers many years to recognize that the capacity they had built up during the bubble was never going to be used . auto makers manufactured 13 . 5 million vehicles , including trucks and buses , in japan in 1990 . the number fell off gradually after that and now stands at about 10 million per year . for years , companies kept excess capacity and workers , betting that the falloff was temporary .
when japan ' s economy first slowed , there was widespread confidence that its government could easily manage the downturn . in the 1980 s , the country ' s fabled bureaucrats had a sterling reputation for economic management , much as mr . greenspan did in the u . s . during the 1990 s . with short - term interest rates at 6 % and a budget surplus of 8 . 8 trillion yen ( $ 72 . 3 billion ) - - or 2 % of gross domestic product - - the japanese central bank and parliament had plenty of room to cut rates , cut taxes , and boost public spending .
the bank of japan did ultimately cut rates by almost all six percentage points . politicians used the full surplus and even let the government run a primary budget deficit - - or deficit excluding bond issuance and repayment - - of 11 trillion yen , or 2 % of gdp . but they acted too slowly and in the end failed to jump - start the economy .
american policy makers give themselves higher marks for speed of response . the fed has cut interest rates by 4 . 5 percentage points in just 10 months . it took the bank of japan more than 4 1 / 2 years to do the same .
moreover , the u . s . congress has turned unprecedented budget surpluses into almost certain deficits with equal dispatch , passing a massive $ 1 trillion , 10 - year tax cut earlier this year and rapidly approving $ 40 billion in stimulus measures and a $ 15 billion airline bailout in the wake of the sept . 11 terrorist attacks . members of congress now are caught up in a stalemate over a plan for $ 75 billion to $ 100 billion in additional stimulus actions , but that , too , has a good chance of enactment before year ' s end . the japanese diet , on the other hand , dallied for a year and a half before passing its first stimulus package .
even more important than the speed of america ' s policy makers , though , may be the flexibility of the american economy itself . analysts say the u . s . economy has a more self - cleansing form of capitalism that discourages the many excesses that built up in japan during the 1980 s .
a decade ago , the japanese boasted of having found the secret formula for smoothing out free - market business cycles . companies had friendly shareholders as well as bankers who provided " patient capital " that allowed for long - term technological investments in spite of weak quarterly earnings . lifetime employment guarantees gave workers a sense of income security , encouraging them to keep spending during downturns .
in retrospect , those same traits seem like weaknesses - - factors that shielded japanese companies from the free - market pressures that would have made them more efficient . the u . s . system , by contrast , is considered better equipped to shift resources from unproductive to productive uses .
even today , after the decade - long slump , the japanese company matsushita electric industrial co . refuses to lay off any of its 130 , 000 employees in japan , despite losses that are expected to exceed $ 2 billion this year . that ' s a far cry from u . s . companies , such as international business machines corp . and at & t corp . , which laid off workers even during the boom years , freeing up technology talent to go to newer , fast - growing rivals such as dell computer corp . or cisco systems inc .
in part , it is u . s . policy makers ' willingness to inflict short - term pain that allows for that flexibility . american officials argue that japan would have come out of its crisis more quickly if it had handled its banking crisis the way the u . s . handled the american savings and loan crisis in the 1980 s . back then , u . s . government - ordered thrift shutdowns and foreclosures caused shareholders to lose their investments and borrowers to lose their properties . in japan , failed banks were propped up , and their problems allowed to fester .
still , american - style free markets are hardly immune from excesses , and more and more become apparent the longer the economy idles . telecom companies spent tens of billions of dollars to lay tens of millions of miles of fiber - optic cables , an estimated 2 . 6 % of which is now being used .
blue - chip american express co . ended up writing off more than $ 1 billion in junk bond investments that were considered relatively low risks until the economy went sour . " subprime " lender providian financial corp . sent its earnings and stock price soaring in the late 1990 s by tapping the once largely ignored pool of consumers with checkered borrowing records . providian insisted that it used sophisticated models to limit its risks . nonetheless , it ended up announcing a surprising 71 % drop in third - quarter earnings last month , and its stock fell by more than half .
more surprises are almost certainly in store . many analysts argue that the u . s . stock market - - even at more than 25 % below its peak - - remains a bubble waiting to deflate further . the standard & poor ' s 500 - stock index still is trading at a price - to - earnings ratio of between 21 and 28 times earnings , depending on the measurement , and would need to fall at least 30 % to reach its historic average p / e ratio of 15 , according to the leuthold group , a minneapolis - based investment research firm .
to some analysts , the large amount of consumer debt outstanding in the u . s . is the ticking time bomb that could rival the bad loans dragging down japanese banks . american households borrowed freely and dipped deeply into savings during the 1990 s . in good times , with wages and stock portfolios rising , the situation seemed manageable . but now , as income - growth slows and mutual funds shrink , the burden could spin out of control . the fed estimates that the household debt - service burden - - the ratio of debt payments to after - tax income - - rose above 14 % earlier this year for the first time since 1987 . at about the same time , the number of americans filing for personal bankruptcy hit a record 390 , 064 .
one reason for the surge in american borrowing has been a sharp increase in the number of new home mortgages and a wave of mortgage refinancing to take advantage of falling interest rates and rising home values . both home sales and consumer spending , backed by rising housing values , have been rare bright spots over the past year in an otherwise dismal economy .
but there are dangers as well . one concern : that the sharp rise in home prices over the past four years - - nearly 20 % nationally , when adjusted for inflation , and more than 60 % in hot markets such as silicon valley , according to the office of federal housing enterprise oversight in washington - - could turn into a miniature version of japan ' s real - estate bubble .
another worry : that america ' s housing market isn ' t driven entirely by free - market forces . rather , this theory goes , it is propped up by japan - like government subsidies and easy loan terms made possible by widespread assumptions that the government would pick up the tab for any defaults .
the nation ' s mortgage market is dominated by fannie mae and freddie mac , government - chartered companies that are shareholder - owned but still enjoy various implicit and explicit subsidies , such as tax breaks and an emergency line of credit from the u . s . treasury . the two washington - area companies don ' t actually issue mortgages themselves . instead , they buy mortgages from lenders and repackage them into tradable securities . in doing so , they play a major role in influencing the size and shape of the market by setting underwriting standards for the loans they purchase .
some conservatives - - including the fed ' s mr . greenspan - - have expressed concern that fannie and freddie , by using government subsidies to expand the housing market , create distortions , drawing capital away from more productive uses . the congressional budget office estimates that the two companies last year enjoyed subsidies totaling $ 10 . 6 billion - - a number they say is exaggerated . other critics say that the companies encourage more , and riskier , lending than a completely free market would allow - - a pattern that may sustain housing demand in the near term but raises the risk of a bigger bust down the road . japan ' s woes have been exacerbated by formal and informal government backing for lenders . that includes a government housing loan corp . that gets a $ 3 billion annual subsidy and a separate state - run loan guarantee program that keeps many technically bankrupt small businesses afloat .
fannie mae chairman frank raines rejects the notion of any similarity between his company and japanese - style subsidies . " their mortgage corporation has no private - market discipline - - there is no private management , no private equity capital , no private debt capital . " fannie , he says , has all three , as well as tight regulatory standards requiring the company to keep enough capital on hand to withstand a catastrophe . the company ' s private shareholders , he adds , have every incentive to prevent overly risky lending , since they would lose their investments even if the government were to intervene to back the loans .
elsewhere on the business front , the vaunted flexibility of the american economy - - while perhaps raising efficiency in the long run - - could also serve to intensify a downturn . american corporations ' readiness to resort to layoffs at the first sign of weakness risks battering consumer confidence . in the past three months alone , the unemployment rate has soared by nearly a full percentage point - - to 5 . 4 % in october from 4 . 5 % in august , and the u . s . jobless rate once again exceeds japan ' s , which after a decade of stagnation still is 5 . 3 % .
even workers supposedly protected by union contracts have a fragile safety net . in the wake of the terrorist attacks , major airlines , such as amr corp ' s american airlines and delta air lines invoked force majeure clauses in their labor contracts , allowing them to skirt many negotiated protections and dump workers without advance notice . partly as a result , the conference board ' s index of consumer confidence plunged to 85 . 5 in october from 114 in august , one of the swiftest declines on record .
while japan ' s unique circumstances may account for some of its problems , they also may demonstrate a broader and more disturbing point : that policy may at times be relatively powerless to contain the destructive forces of a bursting bubble .
as companies are saddled with excess capacity , they have little incentive to borrow to expand , no matter how low interest rates fall . even after the sharp drop in capital spending over the past year , the percentage of industrial capacity in use in the u . s . in september was just 75 . 5 % - - the lowest level since 1983 and hardly an inducement for companies to build new factories .
layoff - spooked consumers also may be unwilling to spend tax rebates enacted to encourage shopping . a recent university of michigan survey concluded that just over one in five households have spent the rebate checks mailed out this summer , with the rest tucking the money into savings or using it to pay debt .
at the extreme , the supply overhang from a collapsing bubble can touch off a dangerous cycle of deflation , or falling prices . in a deflationary environment , consumers curb spending , waiting for goods to become still cheaper in the future . borrowers get crushed by debt burdens as their loans become more expensive in relative terms . companies , forced to keep cutting prices , cut back on workers and purchases of supplies , spreading pain throughout the economy .
in japan , deflation got under way in earnest in 1998 after the collapse of a major bank and securities company . in both 1998 and 1999 wholesale prices fell 1 . 5 % , and after a flat year in 2000 , they are falling again in 2001 . the u . s . isn ' t there yet . but commodity prices have fallen sharply since 1998 , while u . s . consumer prices , by some measures , appear to be slipping . the commerce department reported last week that its favored measure of inflation - - the price index for gross domestic purchases , or prices paid by u . s . residents - - fell by 0 . 3 % in the third quarter , a sharp reversal from the 1 . 3 % increase in the second quarter and the first quarterly decline in nearly 40 years . ( analysts say the number was artificially depressed by one - time factors relating to sept . 11 - - insurance benefit payouts that , for measurement purposes , lower insurance prices . )
in a deflationary world , the central bank ' s powers to respond are diminished because monetary policy works most effectively if interest rates can fall below the rate of inflation . but rates can ' t do that if inflation falls below zero .
copyright ? 2000 dow jones capital gains
a war casualty ? ; the experts say supplies are safe , but the longer the afghan fight , the greater the risk
by jane bryant quinn reported by temma ehrenfeld
11 / 12 / 2001
newsweek
41
copyright ( c ) 2001 newsweek inc . all rights reserved .
finding someone who worries about america ' s oil supplies today is as hard as finding osama bin laden . we keep pumping gasoline into our suvs as if oil and war , like oil and water , never mix . yet we ' re fighting in a part of the world where a misstep or assassination could shock the oil market and suddenly jack prices up . i don ' t even want to think about how much economic damage that could do .
so far , investors have barely batted an eye . average prices for energy stocks plunged earlier this year - - forecasting less demand as business slowed . now , however , there ' s hope for a recovery by mid - 2002 . starting in late september , average prices turned and rose .
consumers , too , have put away their worry beads . just last may , drivers screamed when gasoline reached an average of $ 1 . 72 a gallon at the pump . now it ' s $ 1 . 25 and could drop by an additional
10 cents , says fred rozell , retail - pricing director at the oil price information service in lakewood , n . j .
you see the same story in natural gas . prices to residential consumers dropped about 23 percent over the first nine months of 2001 , according to the bureau of labor statistics . since october 2000 , the cost of home - heating oil has gone down 17 percent .
i don ' t mean to imply that the oil markets brushed bin laden off . crude prices spiked in london right after the terror attacks . businesses dependent on oil built higher inventories . but the hijacked planes crashed into a world economy that was already weak . oil demand slumped . opec prices plunged by almost one third , to less than $ 19 a barrel .
together , the opec countries pump 40 percent of the world ' s oil . last week they let it be known that they would cut production - - hoping to push up the price to $ 22 a barrel or higher . ( oil producers still have bad dreams about 1998 , when prices fell to $ 10 and their economies slipped . )
whether higher prices can be enforced , however , remains to be seen . non - opec countries , such as mexico and russia , might pump more oil to fill the gap . or the global recession might turn out to be worse than business now expects .
this war ' s economic risks seem to me to be extraordinarily high . take saudi arabia alone . the entire world needs saudi oil . that ' s the only country able to mobilize huge amounts of extra capacity , quickly , in case - - say - - iraq cuts off supplies and oil prices spike .
looking just at america , imports account for about half the oil we consume . two thirds of that goes for transportation - - cars , trucks , buses , trains , planes . forget suvs ; we ' re talking about basic business infrastructure . it doesn ' t run on green energy .
our devil ' s deal with the saudis is : you pump oil , we defend your corrupt regime against threats ( and zip our mouths , even when you let your schools and mosques preach jihad against americans in the middle east ) .
we keep some 5 , 000 u . s . military people on saudi soil . what we don ' t know is how far their power can actually reach . bin laden is making their presence a tinderbox issue for the radicals . just four weeks ago two people ( one american ) died in a bombing in the al khobar neighborhood , where 19 u . s . airmen were bombed in 1996 .
francis perrin , editorial manager of the paris - based journal arab oil & gas , thinks the saudi ruling family can hang on for a few more years , at least . if not , even hostile regimes pump oil - - witness iran .
any oil produced , anywhere , goes into the general global pool , says michael toman , a senior fellow at resources for the future in washington , d . c . one angry producer can ' t stop shipments just to the united states .
but one angry , big producer willing to pump less oil could hurt all users equally . and a new saudi regime could pump less , if it has fewer princes to support . prices might have to top $ 35 a barrel before americans start to conserve , says charlie ober , head of t . rowe price ' s new era fund .
so much for my fears . the stock market doesn ' t seem to share them . " energy stocks start to perform when the economy reaches bottom , " says j . c . waller , a portfolio manager for the icon energy fund . the gains since september suggest that investors see better business six to nine months out . a stronger economy by late 2002 would raise oil demand , raise prices and encourage drilling . that ' s why drilling and drilling - equipment stocks have been so strong .
as usual , buyers of individual stocks are walking into a minefield . ok - - the oil - drilling group has been one of the top 10 performers over the past three months . but among them , you got everything from nabors industries ( up 63 percent since late september ) to parker drilling ( down 55 percent since may ) .
and take enron , the hottie energy trader that soared to $ 89 last year . the securities and exchange commission is digging into its accounting . in just three weeks it slid 69 percent , to as low as $ 11 . 30 .
energy investors tend to rotate from sector to sector , making it tough for amateurs to keep up . that ' s where mutual funds come in .
but each " energy " fund takes a different tack . icon , for example , built its own computer model to root out what it hopes are undervalued stocks . ( its mathematics , however , don ' t include political risk . )
fidelity select energy service buys large drillers and servicers . that made it one of the worst funds this year because those stocks took such a beating during the first nine months , says dan mcneela at morningstar . as drillers gain , fidelity will turn around .
for more diversification , look at vanguard ' s energy fund . it invests in all sectors of oil and gas , so it ' s much less volatile than its competitors . " we don ' t think people should have an energy port - folio all the time , " says manager ernst von metzsch . but given the price drops in 2001 , he calls this the right time .
still , you have to ask , " what if ? " low stock prices ( and energy prices ) look interesting . but invest gradually over several months . recovery could be slow . it ' s not clear how risky this war will be .
reported by temma ehrenfeld
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron cancels meeting with dabhol power lenders on court action
2001 - 11 - 07 06 : 26 ( new york )
enron cancels meeting with dabhol power lenders on court action
mumbai , nov . 7 ( bloomberg ) - - dabhol power co . , enron corp . ' s
indian unit , said it canceled a two - day meeting with indian
lenders after local banks filed a suit to stop it from canceling
its power contract with maharashtra state .
officials from dabhol power , industrial development bank of
india and other local banks that helped fund the $ 3 billion power
project were scheduled to meet in singapore tomorrow to resolve
the ten - month - old payments dispute .
indian lenders yesterday filed a suit in the high court of
mumbai to stop dabhol power from canceling its power contract with
maharashtra state electricity board . a six - month notice period for
dabhol to cancel the contract with the board expires nov . 19 .
enron issued the notice on may 19 to end the contract because of
unpaid bills .
` ` the precipitous action taken by ifi ' s ( indian lenders ) , and
in which no advance notice was given to any parties including
foreign lenders , has resulted in cancellation of the scheduled
discussions ' ' on nov . 8 and 9 , dabhol said in a statement .
dabhol said it was ` ` surprised ' ' local banks filed a suit
just ahead of the singapore meeting ` ` specifically requested ' ' by
the lenders . government officials are meeting with enron in
washington later this week during indian prime minister atal
behari vajpayee ' s visit to the u . s .
indian lenders have lent dabhol $ 1 . 4 billion for the power
project and are most at risk if enron pulls out . they ' re concerned
the electricity board will be forced to buy the power plant if
enron carries out its threat , making it difficult for local
lenders to get back their loans .
enron owns 65 percent of dabhol , india ' s biggest foreign
investment . the board owes it $ 64 million for bills that are ten
months overdue . the board stopped buying power from dabhol in may ,
saying it was too expensive .
the court action by lenders ` ` is a precipitous step clearly
designed to frustrate ( dabhol ) and its stakeholders ' ability to
pursue legal remedies under the power purchase agreement , ' ' the
economic times quoted from a statement issued by dabhol .
- - ravil shirodkar in the mumbai newsroom ( 91 22 ) 233 9024
india : update 1 - india lenders seek court action over enron plant .
11 / 07 / 2001
reuters english news service
( c ) reuters limited 2001 .
( adds cancellation of singapore meeting and company ' s reaction in paras 3 - 7 )
bombay , nov 7 ( reuters ) - indian lenders to enron corp ' s dabhol power co ( dpc ) have filed a legal petition to try to prevent dpc from pulling out of the beleaguered power project , a senior banker said on wednesday .
" we have moved the bombay high court to get an interim stay on a final termination notice and to stop dabhol from transferring its assets , " the banker , who declined to be identified , told reuters .
the move provoked an angry reaction from dabhol .
the company immediately cancelled a scheduled meeting with domestic lenders in singapore on november 8 and 9 to discuss the issue .
" dpc is disappointed with the legal action taken by the indian lenders , which is an attempt to deny dpc ' s foreign sponsors and lenders of their previously agreed to legal claims , " it said in a statement .
the cancellation of the meeting is also a blow to efforts to solve the dispute , which has damaged india ' s efforts to attract more foreign investment in the power sector .
enron officials and the lenders were to discuss , among other things , proposals from two domestic companies , tata power and bses ltd , to buy out the u . s . company ' s stake in the project .
a final termination notice would cancel a power purchase agreement with the power plant ' s exclusive customer - maharashtra state electricity board ( mseb ) - and transfer ownership of the power plant to mseb .
dpc has not yet issued a final termination notice but it has taken a step towards that by issuing a notice of transfer of assets to mseb , which allows for the assets of the power plant to be valued .
both notices are provided for under mseb ' s power purchase agreement ( ppa ) with dabhol .
dpc and the authority have been feuding for a year over unpaid bills and tariffs . the 2 , 184 - megawatt power plant was shut down in june because of the dispute .
indian banks and other institutions have provided loans and guarantees of around $ 1 . 4 billion for the plant , india ' s largest single foreign direct investment at $ 2 . 9 billion .
the lenders ' consortium , led by industrial development bank of india , filed the petition on tuesday , the banker said .
dpc is 65 - percent owned by enron corp . , one of the world ' s biggest energy companies which is battling to calm investor worries about business deals being probed by the u . s . securities and exchange commission .
general electric co and bechtel corp each hold 10 percent in dpc .
enron corp ' s shares fell 13 . 4 percent to $ 9 . 67 on wall street on tuesday in a further fallout of investor worries about the company . its stock has fallen 88 percent this year .
under the terms of another notice served by dpc on mseb in may , the two sides are locked in a negotiating period up to november 19 to try to resolve their dispute . enron has said it intends to sell its dpc stake to either the indian government or domestic lenders .
both domestic and foreign lenders have stopped disbursements to dpc , which dabhol says has reduced its ability to look after the plant .
" we want to ensure that talks between prospective buyers and enron take place amicably . we believe if a final termination notice is served , it will precipitate the situation . we don ' t want this , " the banker said .
( with additional reporting by sriram ramakrishnan ) .
copyright ? 2000 dow jones & company , inc . all rights reserved .
enron india : dabhol pwr lenders ' singapore mtg canceled
11 / 07 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones 65 - 415 - 4066 ; sri . jegarajah @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
india : tata power may ask lenders for loan write - off in dpc
11 / 07 / 2001
business line ( the hindu )
fin . times info ltd - asia africa intel wire . business line ( the hindu ) copyright ( c ) 2001 kasturi & sons ltd . all rights res ' d
mumbai , nov . 6 lenders to enron ' s dabhol power company ( dpc ) may have to write off " part of " their loans for potential buyers to remain interested in acquiring the project .
officials at tata power told business line that the company may ask lenders at a multilateral meeting to be held in singapore to write off " part of " the $ 1 . 9 - billion in loans to the 2 , 184 - mw project .
tata power had given an expression of interest to financial institutions last month . mumbai - based power utility , bses ltd , is the only other company which has publicly expressed interest in buying the project , albeit , at a substantial discount .
according to the sources , while the tatas have asked for writing off loans in addition to the earlier demand for increasing the moratorium on loan repayments and slashing of interest rates . rupee loans constitute over 65 per cent of the debt . domestic fis would be most affected if the loans were to be written off .
senior tata power officials , including mr adi engineer , managing director and mr phiroze vandrevala , deputy managing director , are leaving for singapore on wednesday to attend the negotiations . senior bureaucrats from the union ministries of finance and power are also expected to attend , apart from state and mseb officials .
according to sources , tata power will ask for a complete debt and equity restructuring for it to buy a stake in dpc . this also includes asking enron corporation to take a 50 per cent hit on its equity in dpc .
enron had earlier quoted a price of $ 1 . 2 billion for its stake . " the tatas are looking at a figure of $ 600 million , " sources said .
another matter of contention in the price quoted by enron includes the $ 0 . 22 - billion which account for " retained earnings " which have been added to the cost . according to the tatas , they are willing to pay only $ 0 . 8 billion of these " retained earnings " which include enron ' s much - talked about ' education charges ' .
the company will push for separate negotiations for the lng terminal and the power plant . enron had earlier said that it would not consider selling the project piecemeal and that the company picking up a stake in the project would have to buy the power plant along with lng terminal .
the company plans to negotiate the debt and equity factors to bring down power tariffs to an " ideal price " of rs 2 . 70 per unit to rs 2 . 90 per unit , sources said .
archana chaudhary
copyright ? 2000 dow jones & company , inc . all rights reserved .
path paved for due diligence by tata and bses
s ravindran mumbai
11 / 07 / 2001
business standard
4
copyright ( c ) business standard
enron is poised to enter into confidentiality agreements with the two contenders tata power and bses prior to entering into serious negotiations . tata power and bses are the only two companies to have publicly evinced interest in buying enron ' s stake in dabhol power company ( dpc ) .
confirming the move a senior tata power executive said , " the terms and conditions of the confidentiality agreement are under discussion . this will pave the way for future negotiations . "
bses chairman and managing director r v shahi , however , said that he was " not aware of any such move . " the dpc spokesman could not be reached for comment . the stage seems to be set for hardcore negotiations to buy its equity in the beleaguered dpc . enron , which holds 65 per cent in dpc , has announced its intention to exit the project following payments dispute with the maharashtra state electricity board ( mseb ) .
its two other us based partners general electric and bechtel hold 10 per cent each and they too have decided to exit the project . the balance stake is held by mseb through a special purpose vehicle . enron , ge and bechtel have valued their combined 85 per cent stake at about $ 1 . 2 billion . it is learnt that bses is insisting on a steep discount but enron has so fare refused to budge . the mumbai - based power company is also negotiating for a reduction in the capital cost of the project by spinning off the 5 million tonne lng facility into a separate company . it ' s contention is that it can source gas by entering into supply agreements with other players who are setting up lng terminals on the west coast of india .
copyright ? 2000 dow jones & company , inc . all rights reserved .
domestic lenders file lawsuit against enron ' s indian unit
11 / 07 / 2001
agence france - presse
( copyright 2001 )
bombay , nov 7 ( afp ) - indian banks and financial institutions which have lent money to us - based enron corp ' s controversial domestic subsidiary have filed a lawsuit to ensure they get the funds back , an enron official said wednesday .
the suit has been filed by state bank of india , icici ltd . , industrial development bank of india and ifci ltd . , which have given enron ' s three billion - dollar power project in western maharashtra 60 billion rupees ( 1 . 25 billion dollars ) in loans .
the suit comes a day after dabhol power served an " asset transfer notice " to the maharashtra state electricity board ( mseb ) for the valuation of the company ' s assets in order to sell these off .
enron corp , along with mseb and the state government of maharashtra , had jointly set up the project , which plunged into controversy after mseb failed to pay dabhol power for power purchased from the company .
the enron official said the bankers wanted immediate resumption of work at the plant which will ensure cash flow and help the owners pay their dues to the lenders .
dabhol power company said on tuesday it plans to issue the final termination notice to mseb after november 19 in order to formally close the plant .
enron holds a 65 - percent stake in dabhol power company , while mseb is the other stakeholder .
jds / bm / dv
copyright ? 2000 dow jones & company , inc . all rights reserved .
former enron ceo testifies before sec tuesday - exec
by jason leopold
of dow jones newswires
11 / 06 / 2001
dow jones energy service
( copyright ( c ) 2001 , dow jones 323 - 658 - 3874 ; jason . leopold @ dowjones . com
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : wrapup - enron shares sink as company looks for cash .
by jeff franks
11 / 06 / 2001
reuters english news service
( c ) reuters limited 2001 .
houston , nov 6 ( reuters ) - enron corp . shares sank below the $ 10 . 00 mark for the first time in nearly a decade on tuesday as the energy trading giant sought cash to calm investor worries about business deals being probed by federal regulators .
shares in the houston - based firm closed down $ 1 . 50 , or 13 . 4 percent , to $ 9 . 67 , a level not seen since may 1992 , as enron stock continued a downward spiral that has lopped off 88 percent of its value this year .
it was the most actively traded issue on the new york stock exchange , with 29 . 6 million shares changing hands , and the fourth - biggest percentage loser .
analysts attributed the drop to ongoing investor anxiety about the company ' s deteriorating credit ratings , which have been cut to near - junk levels and raised questions about enron ' s ability to continue to finance its business .
the company , which is the nation ' s no . 1 trader of natural gas and electricity , was once a wall street star , but has fallen under fire for failing to explain off - the - balance sheet transactions that led to a $ 1 billion charge and a $ 1 . 2 billion write - down of shareholder equity on oct . 16 . its stock has lost $ 18 . 5 billion in market value since that date .
the deals , conducted with partnerships run by then - chief financial officer andrew fastow , are under investigation by the u . s . securities and exchange commission for possible conflicts - of - interest .
fastow took a leave of absence on oct . 24 in the latest of a growing line of high - profile departures topped by the august resignation of chief executive jeff skilling . he left after just six months on the job , saying he wanted a lifestyle change .
to bolster fading investor confidence , enron has been gathering cash and credit and trying to sell off assets to pay down debt .
the wall street journal reported on tuesday that enron had talked with private equity firms and rivals in the power - trading business about providing a capital infusion of at least $ 2 billion in exchange for an equity stake and other terms .
the infusion was needed , it said , because access to financing is drying up and asset sales are going slower than expected .
the report said enron had approached such buyout firms as blackstone group and clayton , dubilier & rice to gauge their interest and had gotten calls from a number of power traders , none of whom the paper could identify .
enron , blackstone , and clayton dubilier all declined comment . people familiar with the situation said clayton dubilier wasn ' t interested , but blackstone is willing to discuss an enron proposal .
a tough read
they said investors may be wary because enron ' s books are difficult to understand and therefore the depth of its problems unknown , but not lost on them is that last year the company had $ 100 billion in revenues and $ 1 . 4 billion in net earnings .
" it ' s definitely an opportunity , " said one advisor to private equity funds . " it ' s a distressed situation and it has stable cash flow . "
image experts said enron could make itself more attractive by responding fully to investor demands for more information , rather than clamming up as it has in recent days while it tries to get its house in order .
" their perception is that there ' s obfuscation going on , in terms of senior people making pronouncements without fully understanding the nature of what they ' re talking about and that in turn gives the impression that they ' re hiding something , " said john lister of lister butler consulting , a brand identity consulting firm .
he said the company should quit listening to lawyers and come clean .
" what tends to happen in these situations is lawyers get inserted into the situation . the first thing a lawyer tells you is to shut up . and unfortunately that is the antithesis of what good brand stewardship requires , " he said .
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : buyout funds flock to enron ? might be a pipe dream .
by dane hamilton
11 / 06 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 6 ( reuters ) - it ' s going to take a lot of sweet - talking to get private equity firms to pour cash into troubled energy trading giant enron corp . , buyout executives and industry watchers said on tuesday .
houston - based enron , whose shares have been hammered on concerns over credit problems and accounting practices , is reportedly seeking $ 2 billion from investors to bolster its balance sheet . on tuesday , its shares fell $ 1 . 50 , or 13 . 4 percent , to $ 9 . 67 , on the new york stock exchange , the lowest in nearly a decade .
leveraged buyout ( lbo ) firms , which specialize in buying large stakes in companies and help manage them for eventual sale , are typically reticent in buying stock in public companies . and worries over enron ' s accounting transparency could force investors to spend months on due diligence , delaying any short - term infusion , experts said .
" enron is a tough one , " said david stein , partner in the fund evaluation group , which advises private equity investors . " they do so much esoteric stuff that it would take a long time to figure out . "
enron said last week it had obtained $ 1 billion in secured credit lines from j . p . morgan chase & co . and salomon smith barney . however , the wall street journal reported the company is seeking some $ 2 billion in cash from major buyout firms such as blackstone group and clayton dubilier & rice in return for an equity stake in enron .
enron , blackstone , and clayton dubilier all declined comment . however , people familiar with the situation said clayton dubilier wasn ' t interested and blackstone is willing to discuss an enron proposal .
private equity executives echoed the view that the lack of transparency in enron ' s accounting would pose a serious hazard in effectively valuing the company as a precursor to an investment .
" it would take a long time to figure out , " said one executive with a major u . s . buyout firm . even potential buyers of enron assets say they have been baffled by enron ' s financial reporting .
" our lawyers looked at some of enron ' s stuff in the past and walked away shaking their heads , " said an executive with a competing firm who asked to remain anonymous .
however , buyout executives didn ' t reject such an investment outright . despite problems that have driven enron ' s shares down from $ 75 on jan . 3 , the company still generated $ 100 billion in revenue last year and $ 1 . 4 billion in net earnings , mostly from huge trading operations in electricity and natural gas .
" it ' s definitely an opportunity , " said one advisor to private equity funds . " it ' s a distressed situation and it has stable cash flow . " but , this advisor added , " if the accounting is questionable , you have some serious issues there . you are basing your investing on the numbers the company has provided . "
if blackstone did invest in enron , it would be a step away from its traditional strategy of buying controlling stakes in private companies for eventual sale .
" our limited partners ( investors ) don ' t like this kind of investing , in general , so you have to have a compelling reason , " said steven schwarzman , blackstone ' s chief executive and co - founder , at a recent conference in new york .
most private equity funds say their pension fund investors prefer they don ' t invest in public stocks , since those investors could just as easily buy the stocks themselves without paying fees to the buyout firm .
however , some buyout firms , like warburg pincus llc , have lately made a push into public stock investing , known as private investments into public equities ( pipes ) , finding that the market meltdown in the last year has made valuations overly attractive .
blackstone ' s schwarzman said pipe investing is like being " savaged , if the underlying security goes down . "
copyright ? 2000 dow jones & company , inc . all rights reserved .
usa : enron shows few signs of restoring battered image .
by carolyn koo
11 / 06 / 2001
reuters english news service
( c ) reuters limited 2001 .
new york , nov 6 ( reuters ) - enron corp . says it is working hard to restore shattered investor confidence , but shareholders and consultants see precious little of the disclosure they consider the company needs to rebuild its reputation .
the energy trading giant ' s credibility with investors has been badly tarnished and its stock price has sunk to lows last seen in 1992 , as investors clamor for more information about off - balance sheet transactions . the dealings led to a $ 1 . 2 billion write - down of shareholder equity that enron disclosed three weeks ago .
though enron promised a week after the unexpected write - down was announced to be more transparent , there is still little sign of greater disclosure . sightings of chief executive kenneth lay have been few and far between .
he dropped a scheduled appearance at a u . s . - british business meeting in houston last week , and repeated requests for interviews with him have been rebuffed .
meanwhile , wall street is voting with its feet and enron ' s stock continues to sink . the stock fell 13 . 43 percent on tuesday alone and it is now down 88 percent this year . in the past three weeks , $ 18 . 5 billion has been wiped off the company ' s market value .
" the perception is that there ' s obfuscation going on , in terms of senior people making pronouncements without fully understanding the nature of what they ' re talking about and that in turn gives the impression that they ' re hiding something , " said john lister of lister butler consulting , a brand identity consulting firm .
since investors began dumping enron securities three weeks ago , the company has made few visible moves to answer some of the calls for accountability .
it held a conference call two weeks ago and set up a committee last week to examine its finances and communicate with the u . s . securities and exchange commission , which has launched a probe into enron ' s murky transactions .
enron has maintained it is being forthright with investors , despite a barrage of criticism .
" we recognize that our credibility has been damaged and we are working on investor concerns , " a company spokeswoman said .
' trust came undone '
enron , which is garnering bad press on an almost - daily basis , does not seem to realize just how badly its once - shining reputation has eroded , consultants said . if it does , it is failing to act accordingly , they said .
" wall street gave them a high degree of credibility . they enjoyed that trust for a long time , but that trust came undone , " said john mccormack , head of consulting firm stern stewart and co . ' s energy practice .
" confidence takes a long time , years if not decades . but it can be destroyed very quickly , " he said .
even the special committee has not gone far enough , some investors said . the afl - cio umbrella labor union body , whose affiliates hold an estimated 3 . 1 million shares of enron , wrote to lay and william powers , the committee ' s chairman , making further demands .
those demands included the examination of all transactions with entities in which enron employees or directors have an interest , adopting procedures for reviewing insider participation in investments , beginning a review of executive compensation and adopting a stricter definition of director independence .
beth young , a consultant to the afl - cio , said most special committees set up to examine a company ' s actions try to show they have wide jurisdiction , a lot of power and that company executives can ' t stand in their way .
but she said enron has defined the committee ' s mission too narrowly , and she worried it would not examine other third - party transactions the company has that could be potential conflicts of interest .
lister advocates as much transparency as possible .
" the only way they can do that under the circumstances is to have a senior officer with a well - crafted story and they must give the impression that they are telling the truth , " he said .
" what tends to happen in these situation is lawyers get inserted into the situation . the first thing a lawyer tells you is to shut up . and unfortunately that is the antithesis of what good brand stewardship requires , " lister added .
copyright ? 2000 dow jones & company , inc . all rights reserved .
playing the flux with enron
by james j . cramer
realmoney . com
11 / 06 / 2001 01 : 52 pm est
url :
enron ' s ( ene : nyse - news - commentary ) really starting to shock me now . as bad as i think it is , and i think it is plenty bad , i think enron ' s got some value . i wonder if you can ' t take a flier for two bucks and change and buy both the nov . 10 puts and calls .
here ' s my reasoning : this stock is in flux . nobody knows what ' s going to happen . i think the company is worth a huge amount on a takeout . but if the wheels are really falling off , it is not going to stop here .
this two - buck - and - change play allows you a call and a put on the next 10 days ' worth of action , 10 decisive days that i think will definitely determine the fate of this darned thing .
you want to have a look at both . this strategy gives it to you .
look ahead instead of looking for market justice
by james j . cramer
realmoney . com
11 / 06 / 2001 08 : 30 am est
url :
if you want justice , cisco ( csco : nasdaq - news - commentary ) should go to zero . nortel ( nt : nyse - news - commentary ) should go to minus $ 5 . lucent ( lu : nyse - news - commentary ) should go to minus $ 20 .
if you want fairness , pmc - sierra ( pmcs : nasdaq - news - commentary ) and applied micro circuits ( amcc : nasdaq - news - commentary ) should disappear .
if you want honor , the folks at janus and invesco and firsthand should fall on their swords after issuing proclamations saying they made big mistakes and rode things all the way down and now understand that asking for forgiveness is simply out of the question . if you want right , the managers and analysts who buried you should have to go to law school and become associates .
but if you want what ' s going to happen , you better forget about all of what has happened and focus on the future , because the future is somehow brighter than the past .
look , i don ' t want to press my luck here . we nailed cisco . we have been bullish about pretty much everything except oil and gas and travel and leisure since sept . 11 and now we should be getting bullish about the latter .
understand , though , even the worst downturns in this country - - forget japan - - do end and there are people who make out whole even though they shouldn ' t .
so many of us have been conditioned by a movie form of justice . we expect gene hackman to come in here and dispense justice against bad fund managers . we think clint eastwood finds the bad guys at enron ( ene : nyse - news - commentary ) and makes them paint their pipelines red before he shoots them . we think that tom hanks will , in some sort of folksy way , make the dopes who lost you fortunes pay , somehow .
it just doesn ' t happen that way .
understand that we have been through a brutal , horrid bear market that has ruined millions of people ' s nest eggs . we have had an unimaginable destruction of capital in the last 20 months .
but it is coming to an end . don ' t fight that . mourn the bear if you thought it was dispensing justice . i know better . if you survived this far , if you have gotten this far , you are going to make it . you are going to be intact for the better times , which have started in the stock market and will soon start in the economy .
you think i am telling fairy tales ? you are wrong . i am just reciting history . in my world , i make bets that we have seen everything before . we have seen this before . things are going to get better , whether we like it or not .
i , personally , like it .
random musings : i will be out of pocket for much of the morning as today is parents ' visitation day at my daughter ' s elementary school . i ' ll be darned , after all of the events i ' ve missed ' cause of that $ % & ! # hedge fund job , if i am going to miss this opportunity now .
| 2001-11-07T00:00:00 |
25,843 |
save your money buy getting this thing here you have not tried cialls yet ?
than you cannot even imagine what it is like to be a real man in bed !
the thing is that a great errrectlon is provided for you exactly when you want .
ciaiis has a iot of advantaqes over viaqra
- the effect lasts 36 hours !
- you are ready to start within just 10 minutes !
- you can mix it with alcohol ! we ship to any country !
get it riqht now ! .
| 1 |
spam
|
save your money buy getting this thing here
|
you have not tried cialls yet ?
than you cannot even imagine what it is like to be a real man in bed !
the thing is that a great errrectlon is provided for you exactly when you want .
ciaiis has a iot of advantaqes over viaqra
- the effect lasts 36 hours !
- you are ready to start within just 10 minutes !
- you can mix it with alcohol ! we ship to any country !
get it riqht now ! .
| 2005-06-28T00:00:00 |
31,181 |
become and larger man . . . eagle relaxation leaden
madras meson mitosis quadrant congratulatory salaam transferred flatulent
statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant .
eagle relaxation leaden
madras meson mitosis quadrant congratulatory salaam transferred flatulent
statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant .
statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant .
eagle relaxation leaden
madras meson mitosis quadrant congratulatory salaam transferred flatulent
statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant . statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant .
dis } count
ph ] armacy onlin - e
sa ] ve up tio
% 8 o orde ( ring your meds
online
no presc + ription
required
fast disc ` reet s [ hipping ,
ov ` ernight nextday air
fda do . ctor ap ` proved
viczodin - xanzax
- ciawlis - viahgra
- valieum
plaace your ordder
here todzay
| 1 |
spam
|
become and larger man . . .
|
eagle relaxation leaden
madras meson mitosis quadrant congratulatory salaam transferred flatulent
statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant .
eagle relaxation leaden
madras meson mitosis quadrant congratulatory salaam transferred flatulent
statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant .
statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant .
eagle relaxation leaden
madras meson mitosis quadrant congratulatory salaam transferred flatulent
statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant . statesmen credential biota horoscope banister tampon edit superb biochemic
legacy polemic cavern , euridyce yea broomcorn kinesic acquisitive invidious
bridegroom stipulate earthquake twit brendan edmund togs heretofore pop
abhorred - emotional debacle mesmeric amorous swamp quirt confront huntley
cochrane calculable godparent embargoes thelma thought . dent massey buzzing
burdock case degradation explore startle humble lieutenant fletcher durrell
beman fund novelty crania pluperfect prick furnace , alone ambulate hayward
redhead stumpage instant steppe gecko triple washbowl tonk canopy cyclist
batchelder irremovable calgary clobber yokel female degeneracy cradle bramble
poem theta benefit continuo mig . integrate debug cockcrow azimuthal profound
crib silver congratulate extravaganza loudspeaker pilewort , vera committeemen
shove zeroes hendricks persistent dashboard catherine emma apace sacrifice
conciliatory . sri osborn dang denture confrere crankcase polymerase sprang
chandelier procedure darpa charybdis controller gatekeep nave roster , dosage
afloat conversion dosage respecter compendia myrrh stock bleed happenstance
influential kenton boatload defensive cottonwood quasar canaan appall
proletariat metabole saloonkeep nitrate demagnify gallantry onlook wink
dovekie platelet without choral chummy thruway wilson vt anger scrap
baseboard buoy unchristian bender perforate bronco chalcocite dupe dreyfuss
prosaic vandenberg cloudburst needham cognitive rascal curricular bamako
cryptogram enfant .
dis } count
ph ] armacy onlin - e
sa ] ve up tio
% 8 o orde ( ring your meds
online
no presc + ription
required
fast disc ` reet s [ hipping ,
ov ` ernight nextday air
fda do . ctor ap ` proved
viczodin - xanzax
- ciawlis - viahgra
- valieum
plaace your ordder
here todzay
| 2005-01-10T00:00:00 |
2,196 |
fw : box under the bed - - - - - original message - - - - -
from : carol covington
sent : monday , december 11 , 2000 12 : 46 pm
to : betty carroll ; david heineke ; george hurst ; glenn stamps ; jim
wallis ; ricky stewart ; tammy kelley ; ' cacklecc @ aol . com '
subject : fw : box under the bed
- - - - - original message - - - - -
from : julie wright [ smtp : julie @ rpcga . com ]
sent : monday , december 11 , 2000 12 : 40 pm
to : candy grant ; carol covington ; faye click ; jim love
subject : box under the bed
subject : box under the bed
> box under the bed
>
> when bill and hillary first got married bill said , " i am
putting a box
under
> the bed . you must promise never to look in it . " in all
their 30
years of
> marriage hillary never looked .
>
> however , on the afternoon of their 30 th anniversary ,
curiosity
got the
best
> of her and she lifted the lid and peeked inside . in the box
were 3 empty
> beer cans and $ 81 , 874 . 25 in cash .
>
> she closed the box and put it back under the bed . now that
she
knew what
> was in the box , she was doubly curious as to why . that
evening
they were
out
> for a special dinner . after dinner hillary could no
longer
contain her
> curiosity and she confessed , saying , " i am so sorry . for
all
these years i
> kept my promise and never looked into the box under our
bed .
however ,
> today the temptation was too much and i gave in . but now i
need to know ,
> why do you keep the cans in the box ? "
>
> bill thought for a while and said , " i guess after all these
years you
> deserve to know the truth . whenever i was unfaithful to you
i
put an empty
> beer can in the box under the bed to remind myself not to
do it
again . "
>
> hillary was shocked , but said , " hmmm , jennifer , paula and
monica . i am
> very disappointed and saddened but temptation does happen
and
i guess
that
> 3
> times is not that bad considering the years . "
>
> they hugged and made their peace .
>
> a little while later hillary asked bill , " so why do you
have
all that
money
> in the box ? "
>
> bill answered , " well , whenever the box filled up with empty
cans , i took
> them to the recycling center and redeemed them for cash . "
| 0 |
ham
|
fw : box under the bed
|
- - - - - original message - - - - -
from : carol covington
sent : monday , december 11 , 2000 12 : 46 pm
to : betty carroll ; david heineke ; george hurst ; glenn stamps ; jim
wallis ; ricky stewart ; tammy kelley ; ' cacklecc @ aol . com '
subject : fw : box under the bed
- - - - - original message - - - - -
from : julie wright [ smtp : julie @ rpcga . com ]
sent : monday , december 11 , 2000 12 : 40 pm
to : candy grant ; carol covington ; faye click ; jim love
subject : box under the bed
subject : box under the bed
> box under the bed
>
> when bill and hillary first got married bill said , " i am
putting a box
under
> the bed . you must promise never to look in it . " in all
their 30
years of
> marriage hillary never looked .
>
> however , on the afternoon of their 30 th anniversary ,
curiosity
got the
best
> of her and she lifted the lid and peeked inside . in the box
were 3 empty
> beer cans and $ 81 , 874 . 25 in cash .
>
> she closed the box and put it back under the bed . now that
she
knew what
> was in the box , she was doubly curious as to why . that
evening
they were
out
> for a special dinner . after dinner hillary could no
longer
contain her
> curiosity and she confessed , saying , " i am so sorry . for
all
these years i
> kept my promise and never looked into the box under our
bed .
however ,
> today the temptation was too much and i gave in . but now i
need to know ,
> why do you keep the cans in the box ? "
>
> bill thought for a while and said , " i guess after all these
years you
> deserve to know the truth . whenever i was unfaithful to you
i
put an empty
> beer can in the box under the bed to remind myself not to
do it
again . "
>
> hillary was shocked , but said , " hmmm , jennifer , paula and
monica . i am
> very disappointed and saddened but temptation does happen
and
i guess
that
> 3
> times is not that bad considering the years . "
>
> they hugged and made their peace .
>
> a little while later hillary asked bill , " so why do you
have
all that
money
> in the box ? "
>
> bill answered , " well , whenever the box filled up with empty
cans , i took
> them to the recycling center and redeemed them for cash . "
| 2000-12-11T00:00:00 |
18,966 |
fwd : vlco \ din ` valium \ vlagr @ ^ | xianax som . a . # pn : t : ermin sfsvshkwuuio hi paliourg ,
we offer some of the affordable drugs available anywhere on the internet , with the convenience of our online tracking system and refills .
on stock : & : p : ntermin ~ vl @ gra ` . valium . - x @ nax , | sioma - ativ @ : n
plus : i : 0 namin , m . 3 ridia , x 3 ni ' ca | , amb : i 3 n , s ' 0 nata , fl 3 xe ' ril , ce | 3 : brex , fi . 0 ric 3 t , tram ' @ do | , uitr ' @ m , l 3 v | : tra , prop : 3 cia , acy : c | 0 vir , pro : z @ c , p @ x : il , busp ` @ r , adip . & x
everything is done on - line and confidentially .
no waiting rooms . here . www . dailyintake . biz .
best regards ,
laveta vanbuskirk
| 1 |
spam
|
fwd : vlco \ din ` valium \ vlagr @ ^ | xianax som . a . # pn : t : ermin sfsvshkwuuio
|
hi paliourg ,
we offer some of the affordable drugs available anywhere on the internet , with the convenience of our online tracking system and refills .
on stock : & : p : ntermin ~ vl @ gra ` . valium . - x @ nax , | sioma - ativ @ : n
plus : i : 0 namin , m . 3 ridia , x 3 ni ' ca | , amb : i 3 n , s ' 0 nata , fl 3 xe ' ril , ce | 3 : brex , fi . 0 ric 3 t , tram ' @ do | , uitr ' @ m , l 3 v | : tra , prop : 3 cia , acy : c | 0 vir , pro : z @ c , p @ x : il , busp ` @ r , adip . & x
everything is done on - line and confidentially .
no waiting rooms . here . www . dailyintake . biz .
best regards ,
laveta vanbuskirk
| 2004-05-19T00:00:00 |
20,333 |
druuuuugs onliiiiiiine very cheaaaaaaap hello devin ,
get low coost geneeric meeeeeeeds online today . . .
bookkeep consumption mystify dalhousie thomas clara cavort eave ginkgo widespread mcallister barony .
gaseous arbitrary committeemen annihilate asphyxiate midnight alhambra profundity communicable delilah bagatelle mccall chrysolite below glutinous alexis toy .
waaaaaaant to be reeeeeemooooveeeed ?
| 1 |
spam
|
druuuuugs onliiiiiiine very cheaaaaaaap
|
hello devin ,
get low coost geneeric meeeeeeeds online today . . .
bookkeep consumption mystify dalhousie thomas clara cavort eave ginkgo widespread mcallister barony .
gaseous arbitrary committeemen annihilate asphyxiate midnight alhambra profundity communicable delilah bagatelle mccall chrysolite below glutinous alexis toy .
waaaaaaant to be reeeeeemooooveeeed ?
| 2004-11-10T00:00:00 |
13,165 |
enron ' s secrets revealed ! this is kind of weird and flattering , but it makes me wonder how they got this info and if we care .
chris calger
503 - 464 - 3735
- - - - - original message - - - - -
from : clark , ed
sent : wednesday , october 03 , 2001 3 : 20 pm
to : calger , christopher f .
subject : fw : enron ' s secrets revealed !
for your info . , in the slight chance you are not already aware of this .
- - - - - original message - - - - -
from : the power marketing association [ mailto : pma - marketplace @ mgfairfax . rr . com ]
sent : tuesday , october 02 , 2001 1 : 09 pm
subject : enron ' s secrets revealed !
how has enron managed to achieve such success while other energy firms have struggled to deal with the changing market landscape ?
global change associates is pleased to announce the publication of a new corporate profile entitled , " enron 2001 : an inside view " . this objective study takes an insider ? s look at enron , specifically , how the firm operates and the keys to its success . much of the information provided comes from first hand accounts and covers areas such as :
. . . the firm ? s structure and operations
. . . the recruitment and training of new employees
. . . how enron empowers and compensates its employees
. . . the keys to structuring enron type " risk free " transactions
. . . how to negotiate with enron
. . . why enron occasionally forgives counterparty obligations
. . . is the enron model right for your organization ?
enron 2001 : an inside view is a unique publication . it provides valuable insight into the firm ? s operations and analyzes its successes and failures . for those firms dealing directly with enron , or thinking about adopting some of enron ? s business practices , it is an invaluable , must have tool .
this innovative study is available for purchase at $ 995 . 00 .
for a detailed table of contents and executive summary please download :
to be removed from this distribution list , please reply with the word remove in the subject line .
| 0 |
ham
|
enron ' s secrets revealed !
|
this is kind of weird and flattering , but it makes me wonder how they got this info and if we care .
chris calger
503 - 464 - 3735
- - - - - original message - - - - -
from : clark , ed
sent : wednesday , october 03 , 2001 3 : 20 pm
to : calger , christopher f .
subject : fw : enron ' s secrets revealed !
for your info . , in the slight chance you are not already aware of this .
- - - - - original message - - - - -
from : the power marketing association [ mailto : pma - marketplace @ mgfairfax . rr . com ]
sent : tuesday , october 02 , 2001 1 : 09 pm
subject : enron ' s secrets revealed !
how has enron managed to achieve such success while other energy firms have struggled to deal with the changing market landscape ?
global change associates is pleased to announce the publication of a new corporate profile entitled , " enron 2001 : an inside view " . this objective study takes an insider ? s look at enron , specifically , how the firm operates and the keys to its success . much of the information provided comes from first hand accounts and covers areas such as :
. . . the firm ? s structure and operations
. . . the recruitment and training of new employees
. . . how enron empowers and compensates its employees
. . . the keys to structuring enron type " risk free " transactions
. . . how to negotiate with enron
. . . why enron occasionally forgives counterparty obligations
. . . is the enron model right for your organization ?
enron 2001 : an inside view is a unique publication . it provides valuable insight into the firm ? s operations and analyzes its successes and failures . for those firms dealing directly with enron , or thinking about adopting some of enron ? s business practices , it is an invaluable , must have tool .
this innovative study is available for purchase at $ 995 . 00 .
for a detailed table of contents and executive summary please download :
to be removed from this distribution list , please reply with the word remove in the subject line .
| 2001-10-04T00:00:00 |
13,246 |
ecp / linden swaps here ' s my understanding of what has happened with the interest rate swaps :
as i indicated earlier , the original $ 32 mm was put on for the linden 6 expansion which never occurred .
the second swap of $ 350 mm was put on to protect the value of the cash flow from el paso assuming we would monetize the asset shortly . this hedge does appear to have been set with the el paso payment stream in mind .
the original $ 32 mm of swaps did not provide a clean hedge to the remaining el paso cash flows as they were 10 year bullets while the el paso payment stream is a 7 year monthly amortizer .
however , the $ 382 mm of hedges did approximate notionally the asset to be hedged .
it appears that given the assumption the swaps were to have been monetized in a short period of time , a decision may have been made that unwinding and rewinding the " dirty " interest rate hedge was more expensive than wearing the basis risk for a brief time .
given that the monetization never occurred , it does appear to me that the $ 32 mm hedge is ineffective and should be removed or replaced if we determine that we should hedge the rate risk associated with the note .
anyone have anything additional to add ? that ' s the best i could turn up looking back after the fact given the many personnel departures .
| 0 |
ham
|
ecp / linden swaps
|
here ' s my understanding of what has happened with the interest rate swaps :
as i indicated earlier , the original $ 32 mm was put on for the linden 6 expansion which never occurred .
the second swap of $ 350 mm was put on to protect the value of the cash flow from el paso assuming we would monetize the asset shortly . this hedge does appear to have been set with the el paso payment stream in mind .
the original $ 32 mm of swaps did not provide a clean hedge to the remaining el paso cash flows as they were 10 year bullets while the el paso payment stream is a 7 year monthly amortizer .
however , the $ 382 mm of hedges did approximate notionally the asset to be hedged .
it appears that given the assumption the swaps were to have been monetized in a short period of time , a decision may have been made that unwinding and rewinding the " dirty " interest rate hedge was more expensive than wearing the basis risk for a brief time .
given that the monetization never occurred , it does appear to me that the $ 32 mm hedge is ineffective and should be removed or replaced if we determine that we should hedge the rate risk associated with the note .
anyone have anything additional to add ? that ' s the best i could turn up looking back after the fact given the many personnel departures .
| 2001-10-11T00:00:00 |
12,283 |
analysis of mexico contractor issue jaime williams telephoned today to follow up on a variety of issues . he inquired about the results of the prc for his employees which i can provide given you concur and he would like to have a copy of the analysis that was done on the contractors we had working in mexico that he originally was interested in considering employment . he appears to have some questions on the analysis . are you comfortable with me providing a copy to him ?
| 0 |
ham
|
analysis of mexico contractor issue
|
jaime williams telephoned today to follow up on a variety of issues . he inquired about the results of the prc for his employees which i can provide given you concur and he would like to have a copy of the analysis that was done on the contractors we had working in mexico that he originally was interested in considering employment . he appears to have some questions on the analysis . are you comfortable with me providing a copy to him ?
| 2001-07-24T00:00:00 |
15,700 |
letter from mary with due respect , i am mrs mary okereke , having gone
through your profile , iam convinced and pleased to contact
you for some assistance and business relationship . i am a
widow , who live in nigeria . i have a daughter who is the
joy of my life . my late husband was a loving , caring and
hardworking businessman who diedunfortunately in an auto
crash . before the sudden death of my beloved husband and
father of my daughter , my late husband intended to
establish a business in the united states of america with
the sum of $ 5 million united states dollars , but
unfortunately he died before this proposed venture .
following his death , his family members are telling me that
i am not entitled to his property ( assets and fund ) because
i am a woman and my offspring is a female as well
, according to some barbaric traditional laws here in
nigeria ( africa ) which doesn ' t permit a woman to inherit a
man ' s property , but i and my child will be cratered for by
the late husband family will take over the management of
his business and other properties . unfortunately to this
wicked family members , the $ 5 million united states dollars
which my late husband intended to use in establishing a
business in the united states . this fund was deposited in a
bank account unknown to his family . it is me and the
manager of the bank is aware of this fund , so i have
discussed this matter with the manager that i want this
fund personally and he agreed based on some compensation .
according to the manager , the best way to secure this fund
is to transfer it to a foreign account outside nigeria for
safe - keeping , later it will be used for business
establishment with your advice and assistance , which i will
also come over to your country . at this juncture , i and the
manager needs your sincere assistance in providing us with
your bank account , so that this fund can be transferred
into it within ( 14 ) working days as soon as i hear your
positive response , however , i and the manager has agreed to
give you 25 % of the fund as a reward for your sincere
assistance and the remaining 75 % of the fund will be for
us ( i and the manager ) . thanks you and god bless ,
mary okereke
please reply me back on my manager ' s email
ganiyu _ mohammed @ yahoo . com
| 1 |
spam
|
letter from mary
|
with due respect , i am mrs mary okereke , having gone
through your profile , iam convinced and pleased to contact
you for some assistance and business relationship . i am a
widow , who live in nigeria . i have a daughter who is the
joy of my life . my late husband was a loving , caring and
hardworking businessman who diedunfortunately in an auto
crash . before the sudden death of my beloved husband and
father of my daughter , my late husband intended to
establish a business in the united states of america with
the sum of $ 5 million united states dollars , but
unfortunately he died before this proposed venture .
following his death , his family members are telling me that
i am not entitled to his property ( assets and fund ) because
i am a woman and my offspring is a female as well
, according to some barbaric traditional laws here in
nigeria ( africa ) which doesn ' t permit a woman to inherit a
man ' s property , but i and my child will be cratered for by
the late husband family will take over the management of
his business and other properties . unfortunately to this
wicked family members , the $ 5 million united states dollars
which my late husband intended to use in establishing a
business in the united states . this fund was deposited in a
bank account unknown to his family . it is me and the
manager of the bank is aware of this fund , so i have
discussed this matter with the manager that i want this
fund personally and he agreed based on some compensation .
according to the manager , the best way to secure this fund
is to transfer it to a foreign account outside nigeria for
safe - keeping , later it will be used for business
establishment with your advice and assistance , which i will
also come over to your country . at this juncture , i and the
manager needs your sincere assistance in providing us with
your bank account , so that this fund can be transferred
into it within ( 14 ) working days as soon as i hear your
positive response , however , i and the manager has agreed to
give you 25 % of the fund as a reward for your sincere
assistance and the remaining 75 % of the fund will be for
us ( i and the manager ) . thanks you and god bless ,
mary okereke
please reply me back on my manager ' s email
ganiyu _ mohammed @ yahoo . com
| 2005-01-14T00:00:00 |
5,549 |
move to the research area hi shalesh :
the move team has informed me that they will not be able to move your
telephone until wednesday , the 23 rd . i have asked them to bring you
boxes by friday , but i have not heard back from them . your computer
is here , but without a telehone , you may not want to move down here
until the 23 rd .
just to let you know .
have a great day !
shirley
| 0 |
ham
|
move to the research area
|
hi shalesh :
the move team has informed me that they will not be able to move your
telephone until wednesday , the 23 rd . i have asked them to bring you
boxes by friday , but i have not heard back from them . your computer
is here , but without a telehone , you may not want to move down here
until the 23 rd .
just to let you know .
have a great day !
shirley
| 2000-02-17T00:00:00 |
21,485 | 1 |
spam
| 2005-03-09T00:00:00 |
|||
6,103 |
telephone interview with enron corp . research group good morning todd :
david hunker has suggested that you might be a good fit with the research
group of enron corp . with this in mind , we would like to conduct and
informal
telephone interview with you at your convenience .
if you could give me some times and dates during the week of may 22 nd ,
i will coordinate the interview . please let me know the telephone number
that you may be reached at , also .
the interviewers would be :
vince kaminski managing director and head of research
stinson gibner vice president , research
zimin lu director , research
thanks .
shirley crenshaw
adminstrative coordinator
research group
713 / 853 - 5290
| 0 |
ham
|
telephone interview with enron corp . research group
|
good morning todd :
david hunker has suggested that you might be a good fit with the research
group of enron corp . with this in mind , we would like to conduct and
informal
telephone interview with you at your convenience .
if you could give me some times and dates during the week of may 22 nd ,
i will coordinate the interview . please let me know the telephone number
that you may be reached at , also .
the interviewers would be :
vince kaminski managing director and head of research
stinson gibner vice president , research
zimin lu director , research
thanks .
shirley crenshaw
adminstrative coordinator
research group
713 / 853 - 5290
| 2000-05-15T00:00:00 |
10,888 |
failure notice hi . this is the qmail - send program at mail - 03 . cdsnet . net .
i ' m afraid i wasn ' t able to deliver your message to the following addresses .
this is a permanent error ; i ' ve given up . sorry it didn ' t work out .
:
sorry , i couldn ' t find any host named bb . internetcds . com . ( # 5 . 1 . 2 )
- - - below this line is a copy of the message .
return - path :
received : ( qmail 50355 invoked by alias ) ; 19 jul 2005 10 : 58 : 51 - 0000
delivered - to : nic - notify @ internetcds . com
received : ( qmail 50352 invoked from network ) ; 19 jul 2005 10 : 58 : 51 - 0000
received : from unknown ( helo localhost ) ( 127 . 0 . 0 . 1 )
by mail - 03 . cdsnet . net with smtp ; 19 jul 2005 10 : 58 : 51 - 0000
received : from mail - 03 . cdsnet . net ( [ 127 . 0 . 0 . 1 ] )
by localhost ( mail - 03 . cdsnet . net [ 127 . 0 . 0 . 1 ] ) ( amavisd - new , port 10024 )
with smtp id 46679 - 09 for ;
tue , 19 jul 2005 03 : 58 : 51 - 0700 ( pdt )
received : ( qmail 50346 invoked from network ) ; 19 jul 2005 10 : 58 : 50 - 0000
received : from yahoobb 220056020109 . bbtec . net ( helo mailwisconsin . com ) ( 220 . 56 . 20 . 109 )
by mail - 03 . cdsnet . net with smtp ; 19 jul 2005 10 : 58 : 50 - 0000
received : from 205 . 214 . 42 . 66
( squirrelmail authenticated user projecthoneypot @ projecthoneypot . org ) ;
by mailwisconsin . com with http id j 87 gzo 09360462 ;
tue , 19 jul 2005 10 : 57 : 46 + 0000
message - id :
date : tue , 19 jul 2005 10 : 57 : 46 + 0000
subject : just to her . . .
from : " barry castillo "
to : nic - notify @ internetcds . com
user - agent : squirrelmail / 1 . 4 . 3 a
x - mailer : squirrelmail / 1 . 4 . 3 a
mime - version : 1 . 0
content - type : text / html ; charset = iso - 8859 - 1
content - transfer - encoding : 8 bit
x - priority : 3 ( normal )
importance : normal
x - virus - scanned : by amavisd - new at internetcds . com
soft viagra at $ 1 . 62 per dose
ready to boost your sex life ? positive ?
time to do it right now !
order soft viagra at incredibly low prices
starting at $ 1 . 99 per dose ! unbelivabie !
| 1 |
spam
|
failure notice
|
hi . this is the qmail - send program at mail - 03 . cdsnet . net .
i ' m afraid i wasn ' t able to deliver your message to the following addresses .
this is a permanent error ; i ' ve given up . sorry it didn ' t work out .
:
sorry , i couldn ' t find any host named bb . internetcds . com . ( # 5 . 1 . 2 )
- - - below this line is a copy of the message .
return - path :
received : ( qmail 50355 invoked by alias ) ; 19 jul 2005 10 : 58 : 51 - 0000
delivered - to : nic - notify @ internetcds . com
received : ( qmail 50352 invoked from network ) ; 19 jul 2005 10 : 58 : 51 - 0000
received : from unknown ( helo localhost ) ( 127 . 0 . 0 . 1 )
by mail - 03 . cdsnet . net with smtp ; 19 jul 2005 10 : 58 : 51 - 0000
received : from mail - 03 . cdsnet . net ( [ 127 . 0 . 0 . 1 ] )
by localhost ( mail - 03 . cdsnet . net [ 127 . 0 . 0 . 1 ] ) ( amavisd - new , port 10024 )
with smtp id 46679 - 09 for ;
tue , 19 jul 2005 03 : 58 : 51 - 0700 ( pdt )
received : ( qmail 50346 invoked from network ) ; 19 jul 2005 10 : 58 : 50 - 0000
received : from yahoobb 220056020109 . bbtec . net ( helo mailwisconsin . com ) ( 220 . 56 . 20 . 109 )
by mail - 03 . cdsnet . net with smtp ; 19 jul 2005 10 : 58 : 50 - 0000
received : from 205 . 214 . 42 . 66
( squirrelmail authenticated user projecthoneypot @ projecthoneypot . org ) ;
by mailwisconsin . com with http id j 87 gzo 09360462 ;
tue , 19 jul 2005 10 : 57 : 46 + 0000
message - id :
date : tue , 19 jul 2005 10 : 57 : 46 + 0000
subject : just to her . . .
from : " barry castillo "
to : nic - notify @ internetcds . com
user - agent : squirrelmail / 1 . 4 . 3 a
x - mailer : squirrelmail / 1 . 4 . 3 a
mime - version : 1 . 0
content - type : text / html ; charset = iso - 8859 - 1
content - transfer - encoding : 8 bit
x - priority : 3 ( normal )
importance : normal
x - virus - scanned : by amavisd - new at internetcds . com
soft viagra at $ 1 . 62 per dose
ready to boost your sex life ? positive ?
time to do it right now !
order soft viagra at incredibly low prices
starting at $ 1 . 99 per dose ! unbelivabie !
| 2005-07-19T00:00:00 |
280 |
re : union gas - doehrman # 1 the new sitara ticket # is 165331
| 0 |
ham
|
re : union gas - doehrman # 1
|
the new sitara ticket # is 165331
| 2000-02-09T00:00:00 |
20,314 |
your specialist ' s appointment expires november 27 th harvard medical : are you in pain ?
fda report
no more
emissary ashercooley solar oldsmobileevade
keyboard capernouakchott deposition catalysiscruise
knead bestirchronic modicum kingstonjeannie
concussion kevindelphic canadian containbegrudge
drawbridge delugeoscillatory archibald blanketdroll
boor napkinorchid gouda pauperlewd
| 1 |
spam
|
your specialist ' s appointment expires november 27 th
|
harvard medical : are you in pain ?
fda report
no more
emissary ashercooley solar oldsmobileevade
keyboard capernouakchott deposition catalysiscruise
knead bestirchronic modicum kingstonjeannie
concussion kevindelphic canadian containbegrudge
drawbridge delugeoscillatory archibald blanketdroll
boor napkinorchid gouda pauperlewd
| 2004-11-08T00:00:00 |
9,354 |
re : follow - up on siam workshop thanks for forwarding peter ' s resume . by copy of this memo i am forwarding
peter ' s resume to danny mccarty and phil lowry . danny and phil : please
follow - up with vince if you have an interest in meeting with peter . he seems
to be a very qualified candidate .
vince j kaminski @ ect
04 / 30 / 2001 02 : 28 pm
to : stanley horton / corp / enron @ enron , danny mccarty / et & s / enron @ enron
cc : vince j kaminski / hou / ect @ ect
subject : follow - up on siam workshop
i am forwarding for your attention the resume of peter percell
who has an extensive experience in modeling physical flows
of natural gas in pipeline systems . peter is looking currently for a job .
i met him last week at the meeting of the science and industry advance with
mathematics
society at the university of houston .
the application of recent developments in optimization theory
and numerical methods can help enron to improve further
efficiency of our pipeline system and reduce the consumption of compressor
fuel .
please , let me know if you interested in introducing peter to executives
in your organization . i shall be glad to make arrangements for an interview .
vince kaminski
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 30 / 2001
02 : 17 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
peter percell on 04 / 30 / 2001 11 : 16 : 58 am
to : vincent kaminski
cc :
subject : follow - up on siam workshop
i enjoyed your presentation , and meeting you briefly afterwards , at the
siam workshop last friday .
i have extensive experience as a technical leader in the design and
development of modeling and simulation software products , mostly
for the oil and gas pipeline industry .
i am looking for a position that can utilize my software development and
mathematical skills . getting out of the narrow confines of the pipeline
simulation industry would be a plus .
please consider whether i might fit in your group . your answer to a
question indicated that i have several of the skills you look for .
also , please let me know , by email , the names and contact information of
other managers within enron who might benefit from having someone with
my qualifications in their group .
attached are my resume and an addendum covering academic & consulting
experience . publications are available on request .
i will call you in a couple of days to follow up on this email .
thank you for your time .
peter percell 10030 doliver drive
percell @ swbell . net houston , tx 77042 - 2016
( 713 ) 532 - 3836 voice & fax
- percell , peter resume only . doc
- percell , peter a & c exp . doc
| 0 |
ham
|
re : follow - up on siam workshop
|
thanks for forwarding peter ' s resume . by copy of this memo i am forwarding
peter ' s resume to danny mccarty and phil lowry . danny and phil : please
follow - up with vince if you have an interest in meeting with peter . he seems
to be a very qualified candidate .
vince j kaminski @ ect
04 / 30 / 2001 02 : 28 pm
to : stanley horton / corp / enron @ enron , danny mccarty / et & s / enron @ enron
cc : vince j kaminski / hou / ect @ ect
subject : follow - up on siam workshop
i am forwarding for your attention the resume of peter percell
who has an extensive experience in modeling physical flows
of natural gas in pipeline systems . peter is looking currently for a job .
i met him last week at the meeting of the science and industry advance with
mathematics
society at the university of houston .
the application of recent developments in optimization theory
and numerical methods can help enron to improve further
efficiency of our pipeline system and reduce the consumption of compressor
fuel .
please , let me know if you interested in introducing peter to executives
in your organization . i shall be glad to make arrangements for an interview .
vince kaminski
- - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 30 / 2001
02 : 17 pm - - - - - - - - - - - - - - - - - - - - - - - - - - -
peter percell on 04 / 30 / 2001 11 : 16 : 58 am
to : vincent kaminski
cc :
subject : follow - up on siam workshop
i enjoyed your presentation , and meeting you briefly afterwards , at the
siam workshop last friday .
i have extensive experience as a technical leader in the design and
development of modeling and simulation software products , mostly
for the oil and gas pipeline industry .
i am looking for a position that can utilize my software development and
mathematical skills . getting out of the narrow confines of the pipeline
simulation industry would be a plus .
please consider whether i might fit in your group . your answer to a
question indicated that i have several of the skills you look for .
also , please let me know , by email , the names and contact information of
other managers within enron who might benefit from having someone with
my qualifications in their group .
attached are my resume and an addendum covering academic & consulting
experience . publications are available on request .
i will call you in a couple of days to follow up on this email .
thank you for your time .
peter percell 10030 doliver drive
percell @ swbell . net houston , tx 77042 - 2016
( 713 ) 532 - 3836 voice & fax
- percell , peter resume only . doc
- percell , peter a & c exp . doc
| 2001-05-01T00:00:00 |
60 |
new pooling point # 7342 the new pooling point will be handled by robert lloyd , with jackie young as
his backup .
please call either of them with any updates . thanks , pat
| 0 |
ham
|
new pooling point # 7342
|
the new pooling point will be handled by robert lloyd , with jackie young as
his backup .
please call either of them with any updates . thanks , pat
| 1999-12-28T00:00:00 |
26,750 |
spam mail warning notification ! ( attachment removal ) * * * * * * * * * * * * * * * * emanager notification * * * * * * * * * * * * * * * * *
the following mail was blocked since it contains sensitive content .
source mailbox :
destination mailbox ( es ) : cva @ urjc . es
policy : attachment removal
attachment file name : your _ document . pif - application / octet - stream
action : replaced with text
por motivos de seguridad , los ficheros con extensión com , exe , bat , pif , scr y cpl han sido eliminados del correo .
* * * * * * * * * * * * * * * * * * * end of message * * * * * * * * * * * * * * * * * * * * *
| 1 |
spam
|
spam mail warning notification ! ( attachment removal )
|
* * * * * * * * * * * * * * * * emanager notification * * * * * * * * * * * * * * * * *
the following mail was blocked since it contains sensitive content .
source mailbox :
destination mailbox ( es ) : cva @ urjc . es
policy : attachment removal
attachment file name : your _ document . pif - application / octet - stream
action : replaced with text
por motivos de seguridad , los ficheros con extensión com , exe , bat , pif , scr y cpl han sido eliminados del correo .
* * * * * * * * * * * * * * * * * * * end of message * * * * * * * * * * * * * * * * * * * * *
| 2005-07-12T00:00:00 |
19,287 |
t shirts votre logo imprime
recto / versoprix unitaires nets , ht et en euros
comprenant : les t - shirts + les impressions + le transport
( europe / usa / afrique )
your
logo printed front / backprice per unit , vat not
included , in euro including : t - shirts + printings
+ delivery ( europe / usa /
africa )
5 t - shirts : 11 . 00 ? /
unit
10 t - shirts : 8 . 50 ? /
unit
20 t - shirts : 7 . 50 ? /
unit
50 t - shirts : 6 . 50 ? /
unit
100 t - shirts : 6 . 00 ? /
unit
250 t - shirts : 5 . 50 ? /
unit
conditions de l ' offre : . t - shirts blancs , 100 %
coton , 160 grs . tailles : s / m / l / xl / xxl . 2 impressions : une de
10 x 4 cm max et une de 28 x 19 cm max . livraison sous 10 jours
europe / usa . autres t - shirts , autres marquages , autres quantit?s ,
. . . n ' h?sitez pas ? nous contacter : magicprint @ franciso . bb . netvision . net . ilmodalit?s : . envoi de vos
fichiers sur magicprint @ franciso . bb . netvision . net . il
. r?glement par cheque ou
virement bancaire . english _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
terms and
conditions : . white t - shirt , 100 %
cotton , 160 grs ( 5 . 12 oz ) . sizes : s / m / l / xl / xxl . maximum 2
printings , one of 10 x 4 cm ( 4 " 1 . 5 in ) max and one of 28 x 19 cm ( 11 " 7 . 5
in ) max . delivery in europe / usa within 10 days . contact us :
other colors , other printings , other quantities : magicprint @ franciso . bb . netvision . net . ilhow
? . you just need to send your files to : magicprint @ franciso . bb . netvision . net . il . payment bycheque or bank
transfer .
magicprint ltd
2004
| 1 |
spam
|
t shirts
|
votre logo imprime
recto / versoprix unitaires nets , ht et en euros
comprenant : les t - shirts + les impressions + le transport
( europe / usa / afrique )
your
logo printed front / backprice per unit , vat not
included , in euro including : t - shirts + printings
+ delivery ( europe / usa /
africa )
5 t - shirts : 11 . 00 ? /
unit
10 t - shirts : 8 . 50 ? /
unit
20 t - shirts : 7 . 50 ? /
unit
50 t - shirts : 6 . 50 ? /
unit
100 t - shirts : 6 . 00 ? /
unit
250 t - shirts : 5 . 50 ? /
unit
conditions de l ' offre : . t - shirts blancs , 100 %
coton , 160 grs . tailles : s / m / l / xl / xxl . 2 impressions : une de
10 x 4 cm max et une de 28 x 19 cm max . livraison sous 10 jours
europe / usa . autres t - shirts , autres marquages , autres quantit?s ,
. . . n ' h?sitez pas ? nous contacter : magicprint @ franciso . bb . netvision . net . ilmodalit?s : . envoi de vos
fichiers sur magicprint @ franciso . bb . netvision . net . il
. r?glement par cheque ou
virement bancaire . english _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
terms and
conditions : . white t - shirt , 100 %
cotton , 160 grs ( 5 . 12 oz ) . sizes : s / m / l / xl / xxl . maximum 2
printings , one of 10 x 4 cm ( 4 " 1 . 5 in ) max and one of 28 x 19 cm ( 11 " 7 . 5
in ) max . delivery in europe / usa within 10 days . contact us :
other colors , other printings , other quantities : magicprint @ franciso . bb . netvision . net . ilhow
? . you just need to send your files to : magicprint @ franciso . bb . netvision . net . il . payment bycheque or bank
transfer .
magicprint ltd
2004
| 2004-07-06T00:00:00 |
13,708 |
master netting agreements : read 1 . send forms of agreements to counterparty as a first step to get the process moving forward . if you do not have a contact at the counterparty call the credit hotline at 31803 and ask for jay williams or another credit person who can help you get the contact name and number . credit is working diligently to get specific legal entity names to us as well .
2 . at the end of each day send a status update , including specifics of steps taken , to me and carol st . clair , cc louise kitchen , bill bradford and tanya rohauer . carol and i will summarize for louise , bill and tanya , but copy them in case they are interested in any particular party on an urgent basis . management has asked that we contact the counterparties at least each day and keep this moving to closure of each agreement as quickly as possible .
cordially ,
mary cook
enron north america corp .
1400 smith , 38 th floor , legal
houston , texas 77002 - 7361
( 713 ) 345 - 7732
( 713 ) 646 - 3393 ( fax )
mary . cook @ enron . com
| 0 |
ham
|
master netting agreements : read
|
1 . send forms of agreements to counterparty as a first step to get the process moving forward . if you do not have a contact at the counterparty call the credit hotline at 31803 and ask for jay williams or another credit person who can help you get the contact name and number . credit is working diligently to get specific legal entity names to us as well .
2 . at the end of each day send a status update , including specifics of steps taken , to me and carol st . clair , cc louise kitchen , bill bradford and tanya rohauer . carol and i will summarize for louise , bill and tanya , but copy them in case they are interested in any particular party on an urgent basis . management has asked that we contact the counterparties at least each day and keep this moving to closure of each agreement as quickly as possible .
cordially ,
mary cook
enron north america corp .
1400 smith , 38 th floor , legal
houston , texas 77002 - 7361
( 713 ) 345 - 7732
( 713 ) 646 - 3393 ( fax )
mary . cook @ enron . com
| 2001-11-02T00:00:00 |
14,631 |
mike roberts restart plans louise ,
i expect no hitches , but we believe in murphy ' s law , so we ' re ready for anything !
- mike
| 0 |
ham
|
mike roberts restart plans
|
louise ,
i expect no hitches , but we believe in murphy ' s law , so we ' re ready for anything !
- mike
| 2002-01-07T00:00:00 |
29,916 |
your best source for prescriptions online paln meds is here lover cups around 021 salve 7 fo % ord 3 ering onlline to 2 day !
vijsit our site and saeve big
mathematic prefatory campsite coddington disquisition madison diverse september tore alamo joel orchestral vigorous pat categoric hotbed longitude liken precipitate descend delta repartee biracial yates appendix crewmen another enthusiastic citrate jacobite quarry lumpur groundskeep aileron controlling verge inhomogeneous sevenfold delphine cart arcane accretion industrialism denotative recurring inquisition coattail qqo
indicter offhand tribute glad diet arouse avocate diorite wolfe fissile postman leapt snappish andre compatible ness adagio compliant deletion dwelt labour indicant guzzle mccabe jqw 4
motorcyclefirm
rm
| 1 |
spam
|
your best source for prescriptions online paln meds is here lover cups around 021
|
salve 7 fo % ord 3 ering onlline to 2 day !
vijsit our site and saeve big
mathematic prefatory campsite coddington disquisition madison diverse september tore alamo joel orchestral vigorous pat categoric hotbed longitude liken precipitate descend delta repartee biracial yates appendix crewmen another enthusiastic citrate jacobite quarry lumpur groundskeep aileron controlling verge inhomogeneous sevenfold delphine cart arcane accretion industrialism denotative recurring inquisition coattail qqo
indicter offhand tribute glad diet arouse avocate diorite wolfe fissile postman leapt snappish andre compatible ness adagio compliant deletion dwelt labour indicant guzzle mccabe jqw 4
motorcyclefirm
rm
| 2004-10-07T00:00:00 |
18,667 |
hi paliourg all pills here . get it all . business gayhgxkd who ' ll if the witnesses be not at hand , then shall the judge set a limit , at the expiration of six months . if his witnesses have not appeared within the six months , he is an evil - doer , and shall bear the fine of the pending case .
all quality medications available through our service are manufactured only by reputable facilities that are tightly inspected , approved and regulated by the following organizations : fda ( usa ) , mca ( uk ) , tga ( au ) , mcc ( sa ) , nip ( hun ) , pic ( ger ) and who .
phentermine 37 . 5 mg tablets [ 90 pills $ 169 . 00 ]
ambien 10 mg tablets [ 30 pills $ 169 . 00 ] [ 60 pills $ 289 . 00 ]
phentermine 37 . 5 mg tablets [ 60 pills $ 129 . 00 ]
tramadol 50 mg tablets [ 30 pills $ 89 . 00 ] [ 90 pills $ 149 . 00 ] [ 60 pills $ 129 . 00 ]
no prior rx is required .
enjoy deep discount meds here . .
for phone orders please call us at
1 - 415 - 462 - 2965 or 1 - 646 - 837 - 0772
( monday - saturday , 09 : 30 am to 10 : 00 pm est )
ten times thy self were happier than thou art ,
that in the very refuse of thy deeds ,
and every humour hath his adjunct pleasure ,
those that can see thou lov ' st , and i am blind .
for to no other pass my verses tend ,
| 1 |
spam
|
hi paliourg all pills here . get it all . business gayhgxkd who ' ll
|
if the witnesses be not at hand , then shall the judge set a limit , at the expiration of six months . if his witnesses have not appeared within the six months , he is an evil - doer , and shall bear the fine of the pending case .
all quality medications available through our service are manufactured only by reputable facilities that are tightly inspected , approved and regulated by the following organizations : fda ( usa ) , mca ( uk ) , tga ( au ) , mcc ( sa ) , nip ( hun ) , pic ( ger ) and who .
phentermine 37 . 5 mg tablets [ 90 pills $ 169 . 00 ]
ambien 10 mg tablets [ 30 pills $ 169 . 00 ] [ 60 pills $ 289 . 00 ]
phentermine 37 . 5 mg tablets [ 60 pills $ 129 . 00 ]
tramadol 50 mg tablets [ 30 pills $ 89 . 00 ] [ 90 pills $ 149 . 00 ] [ 60 pills $ 129 . 00 ]
no prior rx is required .
enjoy deep discount meds here . .
for phone orders please call us at
1 - 415 - 462 - 2965 or 1 - 646 - 837 - 0772
( monday - saturday , 09 : 30 am to 10 : 00 pm est )
ten times thy self were happier than thou art ,
that in the very refuse of thy deeds ,
and every humour hath his adjunct pleasure ,
those that can see thou lov ' st , and i am blind .
for to no other pass my verses tend ,
| 2004-04-11T00:00:00 |
17,051 |
re : jesse bryson ' s review - - - - - original message - - - - -
from : williams iii , bill
sent : friday , august 03 , 2001 12 : 25 pm
to : mainzer , elliot
subject : jesse bryson ' s review
elliot ,
i have attached the standard pep review form . the last three categories regarding goal setting and objectives to be acheived still need to be completed . feel free to add in any comments you might have in other sections as well . i will plan on meeting with jesse and you early next week . if you have any questions just let me know .
thanks ,
bill
>
| 0 |
ham
|
re : jesse bryson ' s review
|
- - - - - original message - - - - -
from : williams iii , bill
sent : friday , august 03 , 2001 12 : 25 pm
to : mainzer , elliot
subject : jesse bryson ' s review
elliot ,
i have attached the standard pep review form . the last three categories regarding goal setting and objectives to be acheived still need to be completed . feel free to add in any comments you might have in other sections as well . i will plan on meeting with jesse and you early next week . if you have any questions just let me know .
thanks ,
bill
>
| 2001-08-10T00:00:00 |
23,980 |
re : suggestions for floor meeting locations hi sally -
taking care of philippe ' s emails while he ' s out . are there one or two floors that are occupied fully by your groups ? please tell me the floors ( probably two ) where you would like the meetings and i will call patti to coordinate your availability to attend . i ' ll then send an email to your people notifying them of such .
thanks ,
peggy
- - - - - original message - - - - -
from : beck , sally
sent : monday , april 09 , 2001 11 : 54 am
to : philippe a bibi / hou / ect @ enron ; piper , greg
subject : suggestions for floor meeting locations
the floors chosen for these meetings appear to be geared to the it teams . between my operations teams dedicated to ea , egm and eim , i have roughly 500 employees in the enron building . do you want all of them to choose one of the floors noted in your e - mail message , or would it be better to schedule one or two floor meetings in locations that more easily incorporate this segment of net works ? i have noted below the approximate number of employees per floor ( including only those floors with a significant number of operations employees ) :
29 th floor ( trading ) 67 employees egm risk , vol . mgmt . , confirms , settlements and eim risk
30 th floor ( trading ) 35 employees egm risk , confirms , settlements ( various products )
31 st floor ( trading ) 52 employees power risk , confirms , vol . mgnt . , settlements and dpr and mpr teams
32 nd floor ( trading ) 117 employees gas risk , logistics ( all regions ) , operational analysis
37 th floor 148 employees gas vol . mgmt . , settlements , and global services
also , given the fact that operations is a relative " newcomer " to enron networks and yet represents a large number of employees in the group , i would be happy to work with you on remarks for all of the floor meetings to make it easier for you to be fully inclusive in these sessions . - - sally
- - - - - - - - - - - - - - - - - - - - - - forwarded by sally beck / hou / ect on 04 / 09 / 2001 10 : 30 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
office of the chairman - enron net works llc
from : office of the chairman - enron net works llc @ enron on 04 / 09 / 2001 10 : 13 am
sent by : enron announcements @ enron
to : enw - employees _ houston
cc :
subject : net works floor meetings - dates and locations have changed please read
we will be holding floor meetings on the following dates . please join us for a general overview and q & a session on one of the following floors :
tuesday , 4 / 17 / 01 - 2 : 00 - 3 : 00 p . m . location : in front of eb 2711
wednesday , 4 / 25 / 01 - 2 : 00 - 3 : 00 p . m . location : in front of eb 2265
thursday , 4 / 26 / 01 - 2 : 00 - 3 : 00 p . m . location : in front of eb 2556
philippe & greg
please disregard the email sent on 4 / 6 / 01 . we apologize for any inconvenience .
| 0 |
ham
|
re : suggestions for floor meeting locations
|
hi sally -
taking care of philippe ' s emails while he ' s out . are there one or two floors that are occupied fully by your groups ? please tell me the floors ( probably two ) where you would like the meetings and i will call patti to coordinate your availability to attend . i ' ll then send an email to your people notifying them of such .
thanks ,
peggy
- - - - - original message - - - - -
from : beck , sally
sent : monday , april 09 , 2001 11 : 54 am
to : philippe a bibi / hou / ect @ enron ; piper , greg
subject : suggestions for floor meeting locations
the floors chosen for these meetings appear to be geared to the it teams . between my operations teams dedicated to ea , egm and eim , i have roughly 500 employees in the enron building . do you want all of them to choose one of the floors noted in your e - mail message , or would it be better to schedule one or two floor meetings in locations that more easily incorporate this segment of net works ? i have noted below the approximate number of employees per floor ( including only those floors with a significant number of operations employees ) :
29 th floor ( trading ) 67 employees egm risk , vol . mgmt . , confirms , settlements and eim risk
30 th floor ( trading ) 35 employees egm risk , confirms , settlements ( various products )
31 st floor ( trading ) 52 employees power risk , confirms , vol . mgnt . , settlements and dpr and mpr teams
32 nd floor ( trading ) 117 employees gas risk , logistics ( all regions ) , operational analysis
37 th floor 148 employees gas vol . mgmt . , settlements , and global services
also , given the fact that operations is a relative " newcomer " to enron networks and yet represents a large number of employees in the group , i would be happy to work with you on remarks for all of the floor meetings to make it easier for you to be fully inclusive in these sessions . - - sally
- - - - - - - - - - - - - - - - - - - - - - forwarded by sally beck / hou / ect on 04 / 09 / 2001 10 : 30 am - - - - - - - - - - - - - - - - - - - - - - - - - - -
office of the chairman - enron net works llc
from : office of the chairman - enron net works llc @ enron on 04 / 09 / 2001 10 : 13 am
sent by : enron announcements @ enron
to : enw - employees _ houston
cc :
subject : net works floor meetings - dates and locations have changed please read
we will be holding floor meetings on the following dates . please join us for a general overview and q & a session on one of the following floors :
tuesday , 4 / 17 / 01 - 2 : 00 - 3 : 00 p . m . location : in front of eb 2711
wednesday , 4 / 25 / 01 - 2 : 00 - 3 : 00 p . m . location : in front of eb 2265
thursday , 4 / 26 / 01 - 2 : 00 - 3 : 00 p . m . location : in front of eb 2556
philippe & greg
please disregard the email sent on 4 / 6 / 01 . we apologize for any inconvenience .
| 2001-04-09T00:00:00 |
14,418 |
remote offices we have asked epsc to pay the following leases for the month of january based on feedback from ena commercial leadership . my understanding is that we may still reject these leases under the bankruptcy if we do so by feb 2 . i will revisit the status of these leases with you before february rents are to be paid .
calgary
portland
san francisco
chicago
denver
i have also been contacted by paula corey , who is working on the enterprise strategy for the retrieval and disposition of remote office contents in the event any of these offices are closed . i will keep you posted on the recommendations .
regards ,
tammy
| 0 |
ham
|
remote offices
|
we have asked epsc to pay the following leases for the month of january based on feedback from ena commercial leadership . my understanding is that we may still reject these leases under the bankruptcy if we do so by feb 2 . i will revisit the status of these leases with you before february rents are to be paid .
calgary
portland
san francisco
chicago
denver
i have also been contacted by paula corey , who is working on the enterprise strategy for the retrieval and disposition of remote office contents in the event any of these offices are closed . i will keep you posted on the recommendations .
regards ,
tammy
| 2001-12-19T00:00:00 |
23,554 |
accomplishments - 2000 sally ,
seems like it ' s been so long since we have talked or seen each other ! i hope
you and your family had a wonderful thanksgiving holiday ! we certainly did !
attached are my accomplishments for 2000 . please let me know if you have any
questions .
| 0 |
ham
|
accomplishments - 2000
|
sally ,
seems like it ' s been so long since we have talked or seen each other ! i hope
you and your family had a wonderful thanksgiving holiday ! we certainly did !
attached are my accomplishments for 2000 . please let me know if you have any
questions .
| 2000-11-29T00:00:00 |
13,225 |
fw : alstom executive louise -
we ' ve negotiated an mou with alstom that has helped us fix the purchase price for cfb based power plants . it does not commit us to spend any money today ; it ' s really just a strong guideline for what the epc will look like .
having said that , alstom considers it a big deal , and they are flying in some heavies from paris for the signing ceremony . the guy below is the lead person from paris . additionally , fritz gautschi , alstom ' s country president will be coming .
bottom line : it ' s tentatively scheduled for the morning of 17 october here in houston . if you and dave are available , i ' ll coordinate . you won ' t need to sign , just provide some presence . there ' s still some flexibility if that day doesn ' t work for you .
thanks ,
mitch
- - - - - original message - - - - -
from : golden , bruce
sent : monday , october 08 , 2001 4 : 12 pm
to : robinson , mitch
subject : alstom executive
nick salmon - executive vice president - member of alstom executive committee
nick salmon joined gec in 1988 after a number of years in china light and power company . from general manager of the power station projects division , he moved on to deputy managing director of the power plants activity in 1989 following the merger of gec and alsthom , then deputy managing director of the gas turbine and diesels activity .
in 1993 he was appointed chief executive of babcock international plc returning to alstom as president of the energy sector in 1997 .
he became executive vice president abb alstom power upon the creation of the company in 1998 . he was appointed executive vice president alstom power in may 2000 , following the acquisition by alstom of abb ' s 50 % share in abb alstom power .
he is a member of alstom ' s executive committee .
| 0 |
ham
|
fw : alstom executive
|
louise -
we ' ve negotiated an mou with alstom that has helped us fix the purchase price for cfb based power plants . it does not commit us to spend any money today ; it ' s really just a strong guideline for what the epc will look like .
having said that , alstom considers it a big deal , and they are flying in some heavies from paris for the signing ceremony . the guy below is the lead person from paris . additionally , fritz gautschi , alstom ' s country president will be coming .
bottom line : it ' s tentatively scheduled for the morning of 17 october here in houston . if you and dave are available , i ' ll coordinate . you won ' t need to sign , just provide some presence . there ' s still some flexibility if that day doesn ' t work for you .
thanks ,
mitch
- - - - - original message - - - - -
from : golden , bruce
sent : monday , october 08 , 2001 4 : 12 pm
to : robinson , mitch
subject : alstom executive
nick salmon - executive vice president - member of alstom executive committee
nick salmon joined gec in 1988 after a number of years in china light and power company . from general manager of the power station projects division , he moved on to deputy managing director of the power plants activity in 1989 following the merger of gec and alsthom , then deputy managing director of the gas turbine and diesels activity .
in 1993 he was appointed chief executive of babcock international plc returning to alstom as president of the energy sector in 1997 .
he became executive vice president abb alstom power upon the creation of the company in 1998 . he was appointed executive vice president alstom power in may 2000 , following the acquisition by alstom of abb ' s 50 % share in abb alstom power .
he is a member of alstom ' s executive committee .
| 2001-10-09T00:00:00 |
14,784 |
fw : governance paper - draft one hi guys - here is my first attempt at this paper . happy to incorporate
any comments !
thx
ursula
- gov . doc
visit our website at http : / / www . ubswarburg . com
this message contains confidential information and is intended only
for the individual named . if you are not the named addressee you
should not disseminate , distribute or copy this e - mail . please
notify the sender immediately by e - mail if you have received this
e - mail by mistake and delete this e - mail from your system .
e - mail transmission cannot be guaranteed to be secure or error - free
as information could be intercepted , corrupted , lost , destroyed ,
arrive late or incomplete , or contain viruses . the sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e - mail transmission . if
verification is required please request a hard - copy version . this
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments .
| 0 |
ham
|
fw : governance paper - draft one
|
hi guys - here is my first attempt at this paper . happy to incorporate
any comments !
thx
ursula
- gov . doc
visit our website at http : / / www . ubswarburg . com
this message contains confidential information and is intended only
for the individual named . if you are not the named addressee you
should not disseminate , distribute or copy this e - mail . please
notify the sender immediately by e - mail if you have received this
e - mail by mistake and delete this e - mail from your system .
e - mail transmission cannot be guaranteed to be secure or error - free
as information could be intercepted , corrupted , lost , destroyed ,
arrive late or incomplete , or contain viruses . the sender therefore
does not accept liability for any errors or omissions in the contents
of this message which arise as a result of e - mail transmission . if
verification is required please request a hard - copy version . this
message is provided for informational purposes and should not be
construed as a solicitation or offer to buy or sell any securities or
related financial instruments .
| 2002-01-17T00:00:00 |
27,669 |
localized software , all languages available . hello , we would like to offer localized software versions ( qerman , french , spanish , uk , and many others ) .
ali listed software is avaiiable for immediate download !
no need to wait 2 - 3 week for cd delivery !
just few examples :
- norton lnternet security pro 2005 - $ 29 . 95
- windows xp professional with sp 2 fuli version - $ 59 . 95
- corel draw graphics suite 12 - $ 49 . 95
- dreamweaver mx 2004 ( homesite 5 . 5 inciuding ) - $ 39 . 95
- macromedia studio mx 2004 - $ 119 . 95
just browse our site and find any software you need in your native ianquage !
best reqards ,
fairy
| 1 |
spam
|
localized software , all languages available .
|
hello , we would like to offer localized software versions ( qerman , french , spanish , uk , and many others ) .
ali listed software is avaiiable for immediate download !
no need to wait 2 - 3 week for cd delivery !
just few examples :
- norton lnternet security pro 2005 - $ 29 . 95
- windows xp professional with sp 2 fuli version - $ 59 . 95
- corel draw graphics suite 12 - $ 49 . 95
- dreamweaver mx 2004 ( homesite 5 . 5 inciuding ) - $ 39 . 95
- macromedia studio mx 2004 - $ 119 . 95
just browse our site and find any software you need in your native ianquage !
best reqards ,
fairy
| 2005-07-21T00:00:00 |
12,792 |
re : confidential louise , that is fine and at the end of the day a decision to be made by gil and the weather group . just for the record , i want you to understand that i was very candid with my conversation with mike and did not sugar coat any of our issues . i was not trying to lay off a problem into another group . that being said , i was told that they felt that gil may have some skills that would be beneficial in their group .
frank
- - - - - original message - - - - -
from : kitchen , louise
sent : wednesday , september 12 , 2001 3 : 51 pm
to : vickers , frank w .
subject : re : confidential
gil will not be going to the weather group unless he goes as a director .
- - - - - original message - - - - -
from : vickers , frank w .
sent : monday , september 10 , 2001 6 : 16 pm
to : kitchen , louise
subject : confidential
louise , egm may be interested in extending a job offer to gil to work in the weather group . i had a discussion with mike mcconnell and gave him my general opinion . i may have oversold . i will keep you posted .
in addition , jared kaiser is returning from egm and will take over the lead origination role in the southeast as we have discussed .
frank
| 0 |
ham
|
re : confidential
|
louise , that is fine and at the end of the day a decision to be made by gil and the weather group . just for the record , i want you to understand that i was very candid with my conversation with mike and did not sugar coat any of our issues . i was not trying to lay off a problem into another group . that being said , i was told that they felt that gil may have some skills that would be beneficial in their group .
frank
- - - - - original message - - - - -
from : kitchen , louise
sent : wednesday , september 12 , 2001 3 : 51 pm
to : vickers , frank w .
subject : re : confidential
gil will not be going to the weather group unless he goes as a director .
- - - - - original message - - - - -
from : vickers , frank w .
sent : monday , september 10 , 2001 6 : 16 pm
to : kitchen , louise
subject : confidential
louise , egm may be interested in extending a job offer to gil to work in the weather group . i had a discussion with mike mcconnell and gave him my general opinion . i may have oversold . i will keep you posted .
in addition , jared kaiser is returning from egm and will take over the lead origination role in the southeast as we have discussed .
frank
| 2001-09-12T00:00:00 |
10,764 |
get the software you need , now ! save money on buying software ! ! !
reading this book is like waiting for the first shoe to drop .
free speech carries with it some freedom to listen .
| 1 |
spam
|
get the software you need , now !
|
save money on buying software ! ! !
reading this book is like waiting for the first shoe to drop .
free speech carries with it some freedom to listen .
| 2005-07-17T00:00:00 |
27,363 |
benachrichtung zum
( fehlgeschlagen ) ? =
dies ist eine automatisch erstellte benachrichtigung + apw - ber den zustellstatus .
+ anw - bermittlung an folgende empf + aoq - nger fehlgeschlagen .
ostermann @ mail . bbe . de
| 1 |
spam
|
benachrichtung
|
zum
( fehlgeschlagen ) ? =
dies ist eine automatisch erstellte benachrichtigung + apw - ber den zustellstatus .
+ anw - bermittlung an folgende empf + aoq - nger fehlgeschlagen .
ostermann @ mail . bbe . de
| 2005-07-19T00:00:00 |
12,200 |
ews tax department update attached is a summary of the many transactions currently being supported by the ews tax department on behalf of enron wholesale services and its enron of the americas , enron global markets , enron industrial markets and enron networks businesses . i would be delighted to speak with you regarding any of the listed transactions and can be reached at x 30938 . best regards . shd .
| 0 |
ham
|
ews tax department update
|
attached is a summary of the many transactions currently being supported by the ews tax department on behalf of enron wholesale services and its enron of the americas , enron global markets , enron industrial markets and enron networks businesses . i would be delighted to speak with you regarding any of the listed transactions and can be reached at x 30938 . best regards . shd .
| 2001-07-17T00:00:00 |
14,364 |
ask jeeves louise ,
for the record , ask jeeves was a better investment than enron !
- dan
| 0 |
ham
|
ask jeeves
|
louise ,
for the record , ask jeeves was a better investment than enron !
- dan
| 2001-12-13T00:00:00 |
30,637 |
re : account # 6036420 h your application is pre - approved
your mortg / refinance process is pre - approved , for rates starting at 3 . 25 % fixed .
please use our secure site to fill - out your application .
thank you
to un - list : http : / / www . moretgauge . net / x / st . html
| 1 |
spam
|
re : account # 6036420 h
|
your application is pre - approved
your mortg / refinance process is pre - approved , for rates starting at 3 . 25 % fixed .
please use our secure site to fill - out your application .
thank you
to un - list : http : / / www . moretgauge . net / x / st . html
| 2004-12-01T00:00:00 |
12,250 |
04 counterparties louise indicated that credit has agreed to allow credit - worthy counterparties to trade through 2004 . the following are the counterparties east power would like to have 04 access on eol .
dynegy
duke
bp energy
aquilla
morgan stanley
el paso
williams
reliant
aep
constellation
calpine
merrill lynch
allegheny
conectiv
mirant
please let me know asap who gets approved and when eol will grant trading rights .
thanks .
| 0 |
ham
|
04 counterparties
|
louise indicated that credit has agreed to allow credit - worthy counterparties to trade through 2004 . the following are the counterparties east power would like to have 04 access on eol .
dynegy
duke
bp energy
aquilla
morgan stanley
el paso
williams
reliant
aep
constellation
calpine
merrill lynch
allegheny
conectiv
mirant
please let me know asap who gets approved and when eol will grant trading rights .
thanks .
| 2001-07-20T00:00:00 |
24,267 |
this stock rumored to fly special situation alerts hot pick of the year
environmental remediation holding corp . ( otcbb : erhc )
urgent buy : $ . 17
sell target : $ 1 . 25
investor alert : erhc enters into joint - venture license agreement
with schlumberger ltd ( nyse : slb , $ 60 ) and baker hughes , inc .
( nyse : bhi , $ 40 ) for seismic data on some of the richest offshore
oil blocks where erhc controls a huge working interest !
investors - we have found the hidden gem : ( otcbb : erhc ) !
erhc ' s joint - venture with schlumberger and baker hughes puts them in
world - class company with these leaders in oil exploration and reservoir
imaging services . the involvement of slb and bhi reinforces the
$ multi - billion dollar value that has been placed in this offshore
drilling haven . erhc ' s goal is to maximize shareholder value from
existing contractual rights , making them a significant player in
this region .
the big money rolls in :
the seismic data from this joint - venture is being made available for
further involvement by the largest oil companies in the world over
the next 2 weeks ! !
bidding wars have already developed between major oil companies suchas :
shell , chevron / texaco , conoco , exxon / mobil , philips , and marathon who
are willing to pay $ hundreds of millions to drill in these zones and
partner with erhc .
stock set to explode on earnings boom :
erhc ' s exclusive right to participate in exploration and production
along with oil industry giants could be worth up to $ fifty million
as these oil blocks are adjacent to billion barrel producing regions !
special situation alerts ' newsletter offers valuable research that
builds your wealth . we target serious gains for serious investors
with a 700 % investment return on erhc .
disclaimer : certain statements contained in this newsletter may be
forward - looking statements within the meaning of the private securities
litigation reform act of 1995 . these statements may be identified by
such terms as " expect " , " believe " , " may " , " will " , and " intend " or
similar terms . we are not a registered investment advisor or a broker
dealer . this is not an offer to buy or sell securities . no
recommendation that the securities of the companies profiled should be
purchased , sold or held by individuals or entities that learn of the
profiled companies . this is an independent electronic publication that
was paid $ 10 , 000 by a third party for the electronic dissemination of
this company information . be advised that investments in companies
profiled are considered to be high - risk and use of the information
provided is for reading purposes only . if anyone decides to act as an
investor they are advised not to invest without the proper advisement
from an attorney or a registered financial broker , if any party decides
to participate as an investor then it will be that investor ' s sole risk .
be advised that the purchase of such high - risk securities may resultin
the loss of some or all of the investment . the publisher of this
newsletter makes no warranties or guarantees as to the accuracy or the
completeness of the disclosure . investors should not rely solely on the
information presented . rather , investors should use the information
provided in this newsletter as a starting point for doing additional
independent research on the profiled companies in order to allow the
investor to form their own opinion regarding investing in the profiled
companies . factual statements made about the profiled companies are made
as of the date stated and are subject to change without notice .
investing in micro - cap securities is highly speculative and carries an
extremely high degree of risk .
| 1 |
spam
|
this stock rumored to fly
|
special situation alerts hot pick of the year
environmental remediation holding corp . ( otcbb : erhc )
urgent buy : $ . 17
sell target : $ 1 . 25
investor alert : erhc enters into joint - venture license agreement
with schlumberger ltd ( nyse : slb , $ 60 ) and baker hughes , inc .
( nyse : bhi , $ 40 ) for seismic data on some of the richest offshore
oil blocks where erhc controls a huge working interest !
investors - we have found the hidden gem : ( otcbb : erhc ) !
erhc ' s joint - venture with schlumberger and baker hughes puts them in
world - class company with these leaders in oil exploration and reservoir
imaging services . the involvement of slb and bhi reinforces the
$ multi - billion dollar value that has been placed in this offshore
drilling haven . erhc ' s goal is to maximize shareholder value from
existing contractual rights , making them a significant player in
this region .
the big money rolls in :
the seismic data from this joint - venture is being made available for
further involvement by the largest oil companies in the world over
the next 2 weeks ! !
bidding wars have already developed between major oil companies suchas :
shell , chevron / texaco , conoco , exxon / mobil , philips , and marathon who
are willing to pay $ hundreds of millions to drill in these zones and
partner with erhc .
stock set to explode on earnings boom :
erhc ' s exclusive right to participate in exploration and production
along with oil industry giants could be worth up to $ fifty million
as these oil blocks are adjacent to billion barrel producing regions !
special situation alerts ' newsletter offers valuable research that
builds your wealth . we target serious gains for serious investors
with a 700 % investment return on erhc .
disclaimer : certain statements contained in this newsletter may be
forward - looking statements within the meaning of the private securities
litigation reform act of 1995 . these statements may be identified by
such terms as " expect " , " believe " , " may " , " will " , and " intend " or
similar terms . we are not a registered investment advisor or a broker
dealer . this is not an offer to buy or sell securities . no
recommendation that the securities of the companies profiled should be
purchased , sold or held by individuals or entities that learn of the
profiled companies . this is an independent electronic publication that
was paid $ 10 , 000 by a third party for the electronic dissemination of
this company information . be advised that investments in companies
profiled are considered to be high - risk and use of the information
provided is for reading purposes only . if anyone decides to act as an
investor they are advised not to invest without the proper advisement
from an attorney or a registered financial broker , if any party decides
to participate as an investor then it will be that investor ' s sole risk .
be advised that the purchase of such high - risk securities may resultin
the loss of some or all of the investment . the publisher of this
newsletter makes no warranties or guarantees as to the accuracy or the
completeness of the disclosure . investors should not rely solely on the
information presented . rather , investors should use the information
provided in this newsletter as a starting point for doing additional
independent research on the profiled companies in order to allow the
investor to form their own opinion regarding investing in the profiled
companies . factual statements made about the profiled companies are made
as of the date stated and are subject to change without notice .
investing in micro - cap securities is highly speculative and carries an
extremely high degree of risk .
| 2002-05-28T00:00:00 |
12,672 |
generation investments meeting extreme tardiness i have been working with lehman and bofa this morning in an attempt to get a letter by close of business today so as to be in front of the insurance wrappers this week .
cornhusker on track . ultimate ( or perhaps penultimate ) meeting on transaction docs this afternoon .
chuck
| 0 |
ham
|
generation investments meeting extreme tardiness
|
i have been working with lehman and bofa this morning in an attempt to get a letter by close of business today so as to be in front of the insurance wrappers this week .
cornhusker on track . ultimate ( or perhaps penultimate ) meeting on transaction docs this afternoon .
chuck
| 2001-09-04T00:00:00 |
7,920 |
wti simulation presentation - the latest john ,
this is the updated presentation for the open - close assumption .
i will finish the close - close ( continuous trading ) case .
zimin
| 0 |
ham
|
wti simulation presentation - the latest
|
john ,
this is the updated presentation for the open - close assumption .
i will finish the close - close ( continuous trading ) case .
zimin
| 2000-12-15T00:00:00 |
19,555 |
greetings dear friend ,
you may be surprised to receive this letter from me since you do not
know me personally . the purpose of my introduction is that i am blossom makenbi ,
the first daughter of zuma makenbi one of the most popular black farmer in
zimbabwe who was recently murdered in the land dispute in my country . i
got your contact through network online hence decided to write you .
before the death of my father , he had taken me to johannesburg to
deposit the sum of usd $ 9 . 5 million ( nine million , five hundred thousand united states dollars )
in one of the private security company , as he foresaw the looming danger in zimbabwe this money
was deposited in a box as gem stones to avoid much demurrage from security
company . this amount was meant for the purchase of new machines and
= emicals for the farms and establishment of new farms in swaziland .
this land problem came when zimbabwean president mr . robert mugabe
introduced a new land act reform wholly affecting the rich white farmers
and some few black farmers , and this resulted to the killing and mob
action by zimbabwean war veterans and some lunatics in
the society . in fact a lot of people were killed because of this land
reform act for which my father was one of the victims .
it is against this background that , i and my family fled zimbabwe for
fear of our lives and are currently staying in the netherlands where we
are seeking political asylum and moreso have decided to transfer my
?thers money to a more reliable foreign account . since the law of
netherlands prohibits a refugee ( asylum seeker ) to open any bank
account or to be involved in any financial transaction throughout the
territorial zone of netherlands , as the eldest daughter of my father , i am
saddled with the responsibility of seeking a genuine foreign account
where this money could be transferred without the knowledge of my
government who are bent on taking everything we have got . the south
? rican government seems to be playing along with them .
i am faced with the dilemma of moving this amount of money out of south
africa for fear of going through the same experience in future , both
countries have similar political history . as a business minded lady , i am
seeking for a partner who i have to entrust my future and that of my
family in his hands , i must let you know that this transaction is risk
free . if you accept to assist me and my family , all i want you to do for
me , is to make an arrangements with the security company to clear the
consignment ( funds ) from their afiliate office here in the netherlands as
i have already given directives for the consignment to be brought to
the netherlands from south africa . but before then all modalities will
have to be put in place like change of ownership to the consignment and
more importantly this money i intend to use for
investment .
i have two options for you . firstly you can choose to have certain
percentage of the money for nominating your account for this transaction
| 1 |
spam
|
greetings
|
dear friend ,
you may be surprised to receive this letter from me since you do not
know me personally . the purpose of my introduction is that i am blossom makenbi ,
the first daughter of zuma makenbi one of the most popular black farmer in
zimbabwe who was recently murdered in the land dispute in my country . i
got your contact through network online hence decided to write you .
before the death of my father , he had taken me to johannesburg to
deposit the sum of usd $ 9 . 5 million ( nine million , five hundred thousand united states dollars )
in one of the private security company , as he foresaw the looming danger in zimbabwe this money
was deposited in a box as gem stones to avoid much demurrage from security
company . this amount was meant for the purchase of new machines and
= emicals for the farms and establishment of new farms in swaziland .
this land problem came when zimbabwean president mr . robert mugabe
introduced a new land act reform wholly affecting the rich white farmers
and some few black farmers , and this resulted to the killing and mob
action by zimbabwean war veterans and some lunatics in
the society . in fact a lot of people were killed because of this land
reform act for which my father was one of the victims .
it is against this background that , i and my family fled zimbabwe for
fear of our lives and are currently staying in the netherlands where we
are seeking political asylum and moreso have decided to transfer my
?thers money to a more reliable foreign account . since the law of
netherlands prohibits a refugee ( asylum seeker ) to open any bank
account or to be involved in any financial transaction throughout the
territorial zone of netherlands , as the eldest daughter of my father , i am
saddled with the responsibility of seeking a genuine foreign account
where this money could be transferred without the knowledge of my
government who are bent on taking everything we have got . the south
? rican government seems to be playing along with them .
i am faced with the dilemma of moving this amount of money out of south
africa for fear of going through the same experience in future , both
countries have similar political history . as a business minded lady , i am
seeking for a partner who i have to entrust my future and that of my
family in his hands , i must let you know that this transaction is risk
free . if you accept to assist me and my family , all i want you to do for
me , is to make an arrangements with the security company to clear the
consignment ( funds ) from their afiliate office here in the netherlands as
i have already given directives for the consignment to be brought to
the netherlands from south africa . but before then all modalities will
have to be put in place like change of ownership to the consignment and
more importantly this money i intend to use for
investment .
i have two options for you . firstly you can choose to have certain
percentage of the money for nominating your account for this transaction
| 2004-08-14T00:00:00 |
16,569 |
tricks of the trade class hey bill ,
i swapped days with leaf and would like to attend the " tricks of the trade for energy analysts " class on april 18 th . please enroll me .
thanks ,
david .
| 0 |
ham
|
tricks of the trade class
|
hey bill ,
i swapped days with leaf and would like to attend the " tricks of the trade for energy analysts " class on april 18 th . please enroll me .
thanks ,
david .
| 2001-04-12T00:00:00 |
Subsets and Splits
Spam Emails: Subjects & Messages
Retrieves a limited sample of messages labeled as spam, providing basic insight into what spam message content looks like.