Message-ID: <22818994.1075862453499.JavaMail.evans@thyme> Date: Mon, 22 Oct 2001 12:38:40 -0700 (PDT) From: j.kaminski@enron.com To: rakesh.bharati@enron.com, vasant.shanbhogue@enron.com Subject: RE: Note on Valuation Cc: j.kaminski@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: j.kaminski@enron.com X-From: Kaminski, Vince J X-To: Bharati, Rakesh , Shanbhogue, Vasant X-cc: Kaminski, Vince J , 'kimberly.r.scardino@us.andersen.com' X-bcc: X-Folder: \VKAMINS (Non-Privileged)\Kaminski, Vince J\Sent Items X-Origin: Kaminski-V X-FileName: VKAMINS (Non-Privileged).pst Rakesh, I have informed Ryan Siurek (cc Rick Buy) on Oct 4 that I cannot sign off on any analysis done by our group without looking at full set of legal documents related to the LJM transactions. Those documents were not provided and therefore we cannot sign off on any analysis done in the past. I have come to a conclusion that we cannot support the valuations based on verbal and often conflicting information, without doing full due diligence. Feel free to provide the information to Kimberly but, please, inform her I cannot support the quantitative analysis we have done in the past. I am especially concerned about the conflict between the existence of the restriction and the existence of a put that are, in my view, mutually exclusive. Vince -----Original Message----- From: Bharati, Rakesh Sent: Monday, October 22, 2001 2:22 PM To: Kaminski, Vince J; Shanbhogue, Vasant Subject: FW: Note on Valuation Importance: High FYI -----Original Message----- From: kimberly.r.scardino@us.andersen.com [mailto:kimberly.r.scardino@us.andersen.com] Sent: Monday, October 22, 2001 1:56 PM To: Bharati, Rakesh; Siurek, Ryan Subject: Re: Note on Valuation Importance: High This is the latest version of your Raptor valuation memo that we have. Is there a more recent version with the changes we discussed (i.e. UBS shares are not in a forward contract, 4 year restriction, etc.)? To: Kimberly R. Scardino@ANDERSEN WO cc: Date: 09/26/2001 10:43 AM From: Rakesh.Bharati@enron.com Subject: Note on Valuation Kimberly, Here is the note. Do let me know if I can assist further. <> Rakesh Bharati Phone: (713) 853-0936 Fax: (713) 646-2503 ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ********************************************************************** (See attached file: Note to AA09242001.doc) *******************Internet Email Confidentiality Footer******************* Privileged/Confidential Information may be contained in this message. If you are not the addressee indicated in this message (or responsible for delivery of the message to such person), you may not copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply email. Please advise immediately if you or your employer do not consent to Internet email for messages of this kind. Opinions, conclusions and other information in this message that do not relate to the official business of my firm shall be understood as neither given nor endorsed by it.