Message-ID: <17463568.1075842455643.JavaMail.evans@thyme> Date: Thu, 24 Feb 2000 04:33:00 -0800 (PST) From: drew.fossum@enron.com To: jenerso@ei.enron.com Subject: Enron Press Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Drew Fossum X-To: jenerso@ei.enron.com X-cc: X-bcc: X-Folder: \Drew_Fossum_Dec2000_June2001_1\Notes Folders\Discussion threads X-Origin: FOSSUM-D X-FileName: dfossum.nsf ??? What rumor was this press release responding to? What did you do to= =20 drive the stock price down by $5? I don't hear nuthin in Omaha so you've= =20 gotta keep me plugged in! DF ---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/24/2000=20 12:31 PM --------------------------- This article appeared in Enerfax today: Enron Not Looking for New Business M&A in 2000 Enron does not expect any mergers or acquisitions of new business and i= s not interested in selling its pipelines. Enron will seek opportunities to fill-in its businesses with asset purchases, rather than purchasing new businesses. It will be giving a detailed view of its telecommunications business at an analysts meeting in Houston today. Enron says Europe, Latin America=01,s southern cone and Japan provide great opportunity. Enron=01,s = EnCom unit=01,s recently teamed with the Japanese firm Orix to participate in the retail electricity sales business when the Japan market is opened, currentl= y scheduled for this March. Enron plans to use EnronOnline as its vehicle to enter the European market. EnronOnline, the global Internet-based transacti= on system for wholesale energy and other commodities, will soon allow it to reduce back-office costs in a transaction substantially. In addition to bei= ng able to cut the $1,000-$1,500 per transaction as much as 80-90%, EnronOnlin= e will create an environment where a buyer or seller of natural gas or power will be able to more easily, with a computer mouse click, process complex power and natural gas transactions.