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Enron Mail |
??? 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.
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