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Enron Mail |
Mark,
Thanks for the updates. I have big news; I'm changing jobs. This is not announced yet but I am moving to the wholesale group with Frevert to become CEO for a new business unit called Enron Global Markets. It will contain the global commodities including Crude and products, coal, LNG, weather, insurance, FX/interest rates/equities, etc. I think MEC is very cool and i am glad we are pursing it. Please keep Philippe, Jay and now Jeff McMahon in the loop. Good luck with this and I look forward to hearing more about it's success. Please keep this news to yourself until next week. Thanks, Mike Enron Investment Partners From: Mark Lay 07/27/2000 10:03 AM To: Steven J Kean/HOU/EES@EES cc: Rex Shelby/Enron Communications@Enron Communications, Mike McConnell, Vince J Kaminski/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Kenneth Lay/Corp/Enron@ENRON, Fabricio Soares/HOU/ECT@ECT, David Berberian/Enron Communications@Enron Communications, Jay Fitzgerald/NY/ECT@ECT Subject: Re: MEC Steve, I spoke with David ealier today. He is planning a meeting with Jim Tour to due diligence the technology. I would like to put together a team to drive MEC's strategy, including a consolidation in Houston. We would trade this commitment for warrants in the company and a right to participate in future fundings. Effectively, our team could help drive the strategy for the company and due diligence a possible investment at the same time. Thanks, mark Steven J Kean@EES 07/26/2000 05:11 PM To: Mark Lay/HOU/ECT@ECT cc: Rex Shelby/Enron Communications@Enron Communications@ECT, Mike McConnell@ECT, Vince J Kaminski/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, Kenneth Lay/Corp/Enron@ENRON@ECT, Fabricio Soares/HOU/ECT@ECT Subject: Re: MEC I think it would be useful to verify their view that they are really only 2-3 years from commercial production. Ideally, we could get that confirmation from someone familiar with the technology but without any financial interest in its success. Their technology pitch sounded good, but I don't know enough to recognize the potential shortcomings. I want to feel comfortable that you all feel this is real, then I would be happy to have me and my team spend some time with them. To: Rex Shelby/Enron Communications@Enron Communications, Steven J Kean/HOU/EES@EES, Mike McConnell, Vince J Kaminski/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT cc: Kenneth Lay/Corp/Enron@ENRON, Fabricio Soares/HOU/ECT@ECT Subject: MEC Thank you for participating in yesterday's meeting. We spoke with Harvey and Jim after the meeting and they took to speed to market comments to heart. There is an opportunity for Enron to participate with MEC in the early development of their company, but it seems the one thing they want is the one thing we also want, people. I would appreciate your thoughts and comments on the possiblity of creating a small team that could work directly with MEC as part of a potential investment and strategic relationship. Given our resource constraints, this would most likely be part of the organization that sees the greatest strategic impact from MEC's development. Mark x37408
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