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Enron Mail |
Mark:
David Berberian and I have been exploring opportunities with PaperExchange.com. As you can see from the attached note sent this morning, we are now discontinuing discussions with this company and won't be doing a deal with this group in the foreseeable future. Please let me know if I need to communicate with them any more clearly to indicate our lack of interest. As you may recall, their investment bankers had called David, and David had not taken their call in order to make sure we didn't violate our NDA. Best regards, Mike Haney Director, ENW Origination x58968 -----Original Message----- From: Haney, Mike Sent: Tuesday, March 20, 2001 11:03 AM To: 'mgozon@paperexchange.com' Cc: Berberian, David Subject: RE: NewCo value prop and revisit of deal structure Mike: Thanks for sending this document to me; it describes your thoughts on the business concept well. I was able to review these ideas with my management and get their feedback quickly. As I mentioned a few minutes ago during our telephone conversation, this does not look like something we'd like to do at this point. While the venture appears attractive, it doesn't fit in our current set of opportunities. Please keep in touch as you continue to develop your business strategies and develop your company. Best of luck to you and your team as you move forward. Best regards, Mike -----Original Message----- From: "mgozon" <mgozon@paperexchange.com<@ENRON [mailto:IMCEANOTES-+22mgozon+22+20+3Cmgozon+40paperexchange+2Ecom+3E+40ENRON@E NRON.com] Sent: Monday, March 19, 2001 10:27 AM To: Haney, Mike Subject: NewCo value prop and revisit of deal structure Mike, Per our conversation in NYC, attached please find the NewCo discussion document. As you will see, NewCo will be well positioned to be the market leading service provider to the Forest Products industry. Revenue generation opportunities exist from software ASP models/licensing, consulting engagements and in the transactional/logistics arena of the Exchange. More important, these supplier and buyer interactions all lead to increased funnel throughput for Clickpaper to EIM. There are tremendous network effects resulting from this full service, continuum of offerings. Relative to deal structure, the PEx management team remains open to identifying a structure that works for both Enron and ENW. This could be as simple as an outright purchase of PEx or slightly more complex merging of assets into NewCo. Per my comments at PaperWeek, if there is a deal to be done, arguably, it makes sense to combine interests prior to PEx making any other moves now under consideration. Let's determine, once and for all, if there is a leveragable position that meets the goals of Enron and will position NewCo to thrive as a significant player in the Forest Products industry. I will call you later today and we can review the PP together. Mike - 03.14.01 Terms Version 3.ppt << File: 03.14.01 Terms Version 3.ppt <<
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