|
|
Enron Mail |
Thought you all would like to see this.....
----- Forwarded by Scott Bolton/Enron Communications on 12/03/99 09:26 AM= =20 ----- =09Tom Gros =09Sent by: Michol Boyd =0912/03/99 08:50 AM =09Please respond to Tom Gros =09=09=20 =09=09 To: EC Employees -- All =09=09 cc:=20 =09=09 Subject: Will you change the world today? (ECI press release) Will you change the world today? On May 20 this year, we announced our intention to develop a liquid market = to=20 trade bandwidth globally, allowing transactions to close in seconds, not=20 months. That statement involved several challenges. Technically, none of= =20 the hardware or software was in place to allow such unprecedented=20 efficiency. Culturally, the industry viewed the =01&network=018 as the fib= er that=20 they owned and =01&prices=018 as something that they controlled or numbers = on an=20 approved tariff sheet. Respected consulting firms charged their clients fo= r=20 lists of reasons the market would never develop. The industry=01,s leading= =20 market research group published an article about our proposal entitled Grea= t=20 Idea, Wrong Company. One of our major competitors=01*an experienced tradin= g=20 firm=01*proclaimed that they knew markets, and that telecom capacity would = never=20 be a commodity market, as if that were something bad. =20 We love it when people say it can=01,t be done. Today, Enron transacted the first commodity bandwidth trade. This is Day O= ne=20 of a potential trillion-dollar-a-year market. Global Crossing was the=20 counterparty to this first trade, and we expect to close a few more deals= =20 with other companies before the end of the year. This is an outstanding accomplishment for a team and a firm that just seems= =20 to keep producing unbelievable innovations. Can you think of any other firm that could have pulled this off? I can=01,= t. =20 The range of talent required for such an accomplishment is mind boggling=01= * hardware engineering, software engineering, provisioning, property, legal,= =20 regulatory, trading, sales, credit, tax, accounting, risk controls--the lis= t=20 goes on and on. We did it first because we were the only ones who could do it at all. As a= =20 result, we will be able to offer our clients unique services that our=20 competitors have not even dreamed of yet. We will attract first a whole ne= w=20 generation of talent from top schools looking to work with the industry=20 leader, not some dinosaur firm pointing to the way things have always been= =20 done. We will learn first the lessons needed to have a flexible, global=20 network with =01&infinite route miles=018 without burdening our balance she= et. We=20 will implement first an efficient means to manage the perishable bandwidth= =20 that we own and operate, limiting the =01&spoilage=018 of our physical asse= ts. Will you change the world today? ECI=01,s response: Been there. Done tha= t. Congratulations and thanks to the team for a job well done. Again.
|