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Enron Mail |
Steve, Here is an email from Mike. Are you up to speed on this? What do
you think? Please provide some quick feedback via email. Thanks, mike ---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/11/2000 04:53 PM --------------------------- Enron North America Corp. From: Michael Guerriero @ ENRON 07/08/2000 10:04 AM To: Mike McConnell/HOU/ECT@ECT cc: Subject: Nodocero.com Here is the information we discussed regarding Nodocero. Let me know when is a good time to do a secondary discussion. They will be in Houston late next week and early the following week. I will give you a call Monday. MFG ---------------------- Forwarded by Michael Guerriero/SA/Enron on 07/08/2000 12:02 PM --------------------------- Patrick Hansen 07/07/2000 12:39 PM To: Michael Guerriero/SA/Enron@Enron cc: Subject: Nodocero.com Michael, I have the following comments to the Nodocero.com project. Currently works as a platform where buyers and sellers agree on a price through an auction process (brokerage fee) They aim at becoming a regulated market with standardised contracts. (subject to market and regulatory evolution) Their value drivers are the "Payment Guarantee" (through an insurance company) and "Backoffice" (registration before regulatory authorities). None of these issues are definitely solved (no agreement with Insurance Co. and if any transaction is done now, all the backoffice procedures have to be done manually with their employees). No technological partner yet. They have developed the web site platform (you can see it at www.nodocero.com), but I understand that they don't have the rest of the technological components required (database, operations, clearing system, other). Apart from this, I would consider the following issues: Currently there is no regulated market for this sector of the economy (Argentina and the rest of Latin America). Therefore their idea of becoming one is good. The competitors in this race are: Nodocero.com - aXesoEnergia.com - EnergyVex.com - Rofex (Rosario Futures Exchange) - other. No competitor has yet taken an important lead in this race. aXesoEnergia.com is doing an important investment in marketing, but it currently works via an auction process and does not provide any further service like guarantee or backoffice. One of the competitors will eventually succeed in becoming the reference market. Nodocero.com has no strategic partner yet. (this could be taken as positive or negative) The attached file is their business plan Patrick
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