Hey there,

Hope everything is going well. I have some bad news. In case you have not heard, my Dad passed on a week ago Sunday. I was in LA for Adnan's wedding when my brother called. Drove up to SF Sunday night, funeral was Monday afternoon. I stayed in SF for a couple days, but there wasn't much I needed to do. My brother is and will be taking care of paperwork and my Dad's apt and stuff like that. So I drove back down to LA and stayed there for a couple days before returning to Houston.

Life at Enron is pretty down these days. I am very fortunate to still be employed. As you prob know of the Houston employees were cut loose last Monday. On Friday they swiped about half of ENA. It was a bit of a shocker. I thought layoffs would be minimal around this group. Origination is almost non existant now. Some good people I worked with or out. Since I wasn't here Friday, I was really nervous coming in. But I think it's ok for now.

They are in negotiations with a few banks to buy the floor, or what is left of it. They'll probably form a new patnership with a new name and everything. Honestly, I think that is llikely to happen. It's just a question of what will be left by the time that all happens.

I see on my streamer that CPN is down to 18 1/4. Ouch. Morgan Stanley downgraded the whole sector, what a bunch of geniuses. Let's just hope for the best.

Ok then drop me a line when you have a chance. My home address is esaibi@houston.rr.com in case Enron bites the dust. Later

Eric