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----- Forwarded by Lara Leibman/Enron Communications on 04/30/01 09:37 AM= =20 ----- =09EBS Connected Newsletter =0904/27/01 06:20 PM =09=09=20 =09=09 To: All EBS Employees Worldwide =09=09 cc:=20 =09=09 Subject: EBS' OPEN ACCESS PLAN FOR POOLING POINTS=20 =20 =20 Market Close 4/27/01=20 63.50 -0.16 =20 Bandwidth Intermediation (through 4/19/01) YTD Transactions 716 Counterparties 69 =20 LTD Transactions 1025 Counterparties 128 = =20 =20 Numbers include Long Haul, Local Loop, IP, Storage, Advertising, DRAM and= =20 Satellite for North America, Europe and Asia. =20 = =20 April 27, 2001 = =20 =20 =20 OPEN ACCESS TO POOLING POINTS EBS announced this week that it is providing open access to=20 its global network of 25 pooling points for buyers and sellers of=20 bandwidth. This approach enables qualified market participants=20 to connect to Enron=01,s pooling points and transact with all=20 connected parties. =01&What we=01,re trying to do here at Enron is promote liquidity in=20 the bandwidth intermediation market and a more efficient means=20 of interconnection,=018 said Geoff Allen, director of global=20 bandwidth risk management for EBS.=20 Although the pooling points are private, open access means=20 that Enron supports the notion that counterparties have the=20 freedom to transact through any pooling point system they=20 choose. Enron offers interconnection at its pooling=20 points for a monthly port fee of $1,000, which will be waived=20 for transactions in which the carrier is a counterparty. =01&There will be room for different entities supporting various goals=20 and objectives,=018 continued Allen. =01&Companies will be able to=20 access bandwidth services from a plethora of providers, creating=20 a hub for exchanging bandwidth services.=018 Enron has deployed 18 pooling points in the US, six in Europe=20 and one in Asia. Click here to see the press release. EBS AT NAB FOR EOD Members of the Digital Content Services Wholesale, Trading and Sales=20 Engineering teams have been in Las Vegas this week for the annual National= =20 Association of Broadcasters (NAB) conference. NAB2001 is the world's leadi= ng=20 conference and exhibition for the converging electronic media and=20 communications industries. Bradford Brooks, director, Digital Content=20 Services, participated on a panel titled,"Broadband Super Session -The=20 Dawning of a New Era in Communications." Bradford discussed EBS' EOD=20 activities and our views on the critical factors for success. The EBS boot= h=20 was appropriately themed Entertainment On-Demand: We Jumped First. And=20 Delivered. TEXAS CYCLING TRADITION CONTINUES The Texas MS 150 is a two-day, noncompetitive cycling event from Houston to= =20 Austin that raises=20 funds to fight the devastating effects of multiple sclerosis. This=20 challenging ride took place last=20 weekend and attracted more that 9,000 cyclists and 2,000 volunteers. Since= =20 1998, Enron has been=20 the nation's top fundraiser. This year, the team expects to exceed its goa= l=20 of $550,000. Hats off to EBS cyclists and volunteers! Rene Bosono Greg Branan Shalesh Ganjoo Brian Haufrect Brian Hoskins Jan Johnson Robert Kolosvary Scott Manuel Michele Nezi Marvin Zachary McCarroll Kellie Metcalf Nicole Palczer Tracy Pursifull Mark Santikos Eddie Sera Mike Sheedy Kenneth Shulklapper Erik Simpson Felicia Solis Davis Thames Matthew Thorn Jason Wade Rebecca Watkins Ron Williams Russell Woody THE 2001 MS WALK & ROLL While some EBS employees were biking their way from Houston to Austin for= =20 multiple sclerosis,=20 co-workers in Portland were pounding the pavement for the same cause. The= =20 2001 Enron MS=20 Walk & Roll, a 5K or 10K walk through downtown Portland, helps raise money= =20 and awareness=20 for MS. Two thousand people participated in the walk on Saturday, April 21= . =20 With 151 walkers,=20 Enron represented the largest walk team within the state of Oregon. Good job, EBS walkers! Kara Ausenhus Krista Ausenhus Joan Baucus Colleen Case David Frost David Guillaume Heidi Gutwald Mindy Hart Jennifer Hurd Julie Kearney Russ Matzner Susan Moore Di Mu Holly Bradford-Nelson Jessica Nevin Rich Nevin Annamarie Reed Linda Strahm Judy Timson Patrick Tucker ENRON BROADBAND SERVICES (EBS) had bad news in March with the collapse of i= ts=20 exclusive=20 20-year video-on-demand deal with Blockbuster. However, the company can tak= e=20 solace in an=20 agreement signed with Electronics Boutique to launch broadband video games. News of the Blockbuster deal collapse on March 9 unnerved investors and sen= t=20 Enron=01,s shares=20 plummeting from around $70 to a monthly low of $55 on March 22. They had ye= t=20 to recover at=20 press time. Steve Elliott, managing director of EBS Europe, says the venture with=20 Blockbuster, which was only four=20 months old, failed because Blockbuster had not secured the quality and=20 quantity of content Enron=20 expected =01) therefore, the predicted demand had not materialised. Jonathan Oxley, a director at PricewaterhouseCoopers management consultancy= ,=20 believes that in the present=20 economic climate, services such as video-on-demand are often the first to b= e=20 cancelled by consumers eager=20 to make cuts in their household spending. But Elliott is confident in the potential of broadband services: =01&The de= mand=20 is high, though actual growth=20 rates are not as high as we thought they would be. The incumbents have made= =20 it difficult for DSL, and=20 regulation in Europe is particularly restricting.=20 =01&We are looking at it in a market-by-market situation, especially in Eur= ope,=018=20 he adds. =01&At the moment,=20 Enron is focused on the Nordic regions and France. But the UK is not showin= g=20 signs of doing anything=20 quickly, so our strategies are more based around existing service offerings= .=018 Oxley also believes the logistics of video-on-demand are still=20 technologically problematic. =01&Provisioning=20 and interconnectivity are troublesome at the best of times, especially with= =20 competition from digital cable=20 and satellite,=018 he says.=20 The Electronics Boutique deal helps re-assert Enron=01,s content delivery= =20 ambitions. From June 1,=20 EBWorld.com, a subsidiary of Electronics Boutique, will stream video games = to=20 broadband internet users.=20 Into Networks will supply the platform for real-time streaming, to which EB= S=20 will lend its strategic and=20 financial support.=20 Currently, Into Networks=01, platform has more than 3 million broadband=20 subscribers. Elliot declines to reveal=20 the value of the revenue-sharing agreement with Electronics Boutique, but= =20 says that it was not intended to fill=20 the gap left by the Blockbuster deal.=20 Enron has created a secure end-to-end platform to deliver films, TV and mus= ic=20 on demand. Aside from the=20 Electronics Boutique deal, Enron has also revealed that it is in talks with= =20 all the major Hollywood studios. Click here to read more.=20 Description: Enron - Powering Energetic Telecommunications Markets The Herring Take: Although its telecommunications services have yet to=20 contribute to profits, Enron's=20 execution has been flawless. Company's goal to create a bandwidth marke= t=20 assumes that bandwidth=20 will become a commodity. This goal seems within reach. =20 To read this article, click here. Ken Lay Presentation at CTAM Meeting - March 29, 2001 Ken Lay spoke to a luncheon meeting in Dallas on March 29 of the Texas=20 chapter of CTAM, in a=20 session moderated by CNBC's Bill Griffeth. His presentation explained Enron= 's=20 capabilities and=20 strategy for provisioning broadband capacity.=20 Click here to watch Ken Lay's presentation. From coverage of last week's "Fiber Bandwidth Glut - Fact or Fiction"=20 conference in Boston: "The submarine cable industry also came under fire at the conference's=20 bandwidth trading panel discussion. =20 Grant Zimmerman, a bandwidth broker for Enron Broadband Services, said that= =20 he has "20 sellers for every=20 buyer on the New York to London cable." In fact, the IRU price of a=20 Transatlantic STM-1 has dropped to=20 "$850,000 from $8.5 million in 1998," according to Tim Stronge, Director of= =20 Research for TeleGeography.=20 Stronge also cited data from TeleGeography's recent report that shows=20 Transatlantic route capacity will reach=20 12 Tbps in 2005, and Transpacific route capacity will reach16 Tbps in that= =20 same year. ``Supply is leading=20 demand in the early years in major ocean crossings,'' Global Crossing's Moo= l=20 Singhi concluded. EBS LUNCHEON DISCUSSION SERIES Telecommunications and Broadband Regulatory Issues Join Sue Nord from Enron Government Affairs for an EBS Luncheon Discussion= =20 Series and live interactive=20 MSHOW event on the telecommunications and broadband regulatory issues that= =20 impact EBS. She will=20 discuss her group's priorities for 2001 and outline the major=20 telecommunications and broadband issues,=20 present and future, that could affect EBS in the bandwidth marketplace. Date: Tuesday, May 1, 2001 Time: 11:45 a.m. - 1:30 p.m. Location: EB 5C2 Link to the live MSHOW will be provided before the presentation begins. =20 UPCOMING TRAINING Applied Corporate Finance and Transaction Structuring Participants will develop an understanding of deal components and how value= =20 is extracted from the=20 deal structure. Dimensions of deal structures are explored in detail=20 including off balance sheet financing,=20 how to account for revenue from deals, economic justification of projects a= nd=20 the unique challenges of=20 international deals. In addition, the participants learn about risk=20 assessment and quantification as well as=20 credit issues and how they are managed. Financial leverage is discussed;= =20 both the upside potential and=20 the downside risks. Mastery of the seminar material is achieved through th= e=20 application of the financial=20 principals presented in the course to a number of relevant, industry-specif= ic=20 case studies.=20 Dates: May 2-3, or May 12-13, 2001 (1 1/2 days) Times: 8:00 am - 5:00 pm - day one 8:00 am - 12:00 pm - day two Location: Houston, Shepherd facility Registration Link: <<=20 Introduction to Bandwidth Risk Management Fundamentals This one day course covers the basic risk management fundamentals in EBS=20 bandwidth, commercial=20 origination and deal structuring. It is designed as an introduction to ris= k=20 management fundamentals,=20 and would be appropriate for individuals who do not have a comprehensive=20 understanding of these=20 principles. Dates: May 8, 2001 Time: 8:00 a.m. - 5:00 p.m. Location: Houston, Shepherd facility Registration Link: <<=20 If you have any questions regarding the above courses, please contact Rita= =20 Ramirez. We want your ideas and feedback on EBS Connected. =20 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09 =09
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