Enron Mail

From:jcjcal02@aol.com
To:jeff.dasovich@enron.com, jcja@chevron.com
Subject:Re: Netscape
Cc:dwindham@uclink4.berkeley.edu, guinney@haas.berkeley.edu, jcjcal02@aol.com,jjackson@haas.berkeley.edu, mark_guinney@watsonwyatt.com
Bcc:dwindham@uclink4.berkeley.edu, guinney@haas.berkeley.edu, jcjcal02@aol.com,jjackson@haas.berkeley.edu, mark_guinney@watsonwyatt.com
Date:Fri, 13 Apr 2001 16:22:00 -0700 (PDT)

Ok guys I've taken a stab at #5. I valued the company by taken the NPV of
future after tax net earnings (see attached speadsheet-right side of exhibit
1). To get a value of $28/share I calculate Netscape would have to grow at
17.75%/year from 1995 to 2005. Please scrutinize my strategy and give me
feedback.
Jimmy

- NETSCAPE.XLW