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Enron Mail |
Hi - I just wanted to give you a quick run down on the meeting yesterday.
Three people spoke at the meeting - Jeff McMahon, Louise and Philippe. There was a lot of attention given to EnronOnline and it's success. Greg Whalley spoke via satellite from London. The basic theme was what it is going to take to survive in today's fast moving markets and how we are going to get there, and that in five years all businesses will be Internet companies or not companies at all..... Greg spoke briefly about what we were going to do to upgrade and expand existing platforms and the fact that no other player in the industry can do this but us because of our financial capabilities, reputation, and IT resources. Louise went over statistics, products offered, etc. on EnronOnline. Philippe discussed all the IT projects in the works - the key one for ENA was enhancement of deal capture, valuation and settlements (no surprises there!). One other common theme was streamlining our current systems. He also confirmed the fact that we were moving from Lotus Notes to Exchange, and discussed the fact that we were running out of space in the building for our equipment (and the ability to keep the room cool) so they were looking to Ardmore for this. Jeff M. stated that we were looking for opportunities to capitalize on inefficiencies in the market, and get into other industries (e.g. MG Metals in Europe). He also stated that Enron was going to Venture Capitalists for financial support and backing. Of course, this means that Enron will have to give up some control, but it leads to increased deal flow, market share and new ideas.... He said the initial backing will be in the neighborhoods of $1B - most likely in Q3. I tried to capture the main topics, let me know if you have any questions! Sheri
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