fyi.  
----- Forwarded by Lara Leibman/Enron Communications on 04/30/01 09:37 AM 
-----

	EBS Connected Newsletter
	04/27/01 06:20 PM
		 
		 To: All EBS Employees Worldwide
		 cc: 
		 Subject: EBS' OPEN ACCESS PLAN FOR POOLING POINTS 












  
       

Market Close 4/27/01 

       63.50    -0.16   

Bandwidth Intermediation
(through 4/19/01)

YTD Transactions         716  Counterparties              69
 
LTD Transactions        1025   Counterparties             128                 
 
Numbers include Long Haul, Local Loop, IP, Storage, Advertising, DRAM and 
Satellite for North America, Europe and Asia.




      
                                                                              
                                                 April 27, 2001               
                                                 




 
OPEN ACCESS TO POOLING POINTS

EBS announced this week that it is providing open access to 
its global network of 25 pooling points for buyers and sellers of 
bandwidth.  This approach enables qualified market participants 
to connect to Enron,s pooling points and transact with all 
connected parties.

&What we,re trying to do here at Enron is promote liquidity in 
the bandwidth intermediation market and a more efficient means 
of interconnection,8 said Geoff Allen, director of global 
bandwidth risk management for EBS. 

Although the pooling points are private, open access means 
that Enron supports the notion that counterparties have the 
freedom to transact through any pooling point system they 
choose.  Enron offers interconnection at its pooling 
points for a monthly port fee of $1,000, which will be waived 
for transactions in which the carrier is a counterparty.

&There will be room for different entities supporting various goals 
and objectives,8 continued Allen. &Companies will be able to 
access bandwidth services from a plethora of providers, creating 
a hub for exchanging bandwidth services.8

Enron has deployed 18 pooling points in the US, six in Europe 
and one in Asia.

Click here to see the press release.


EBS AT NAB FOR EOD

Members of the Digital Content Services Wholesale, Trading and Sales 
Engineering teams have been in Las Vegas this week for the annual National 
Association of Broadcasters (NAB) conference.  NAB2001 is the world's leading 
conference and exhibition for the converging electronic media and 
communications industries.  Bradford Brooks, director, Digital Content 
Services, participated on a panel titled,"Broadband Super Session -The 
Dawning of a New Era in Communications."  Bradford discussed EBS' EOD 
activities and our views on the critical factors for success.  The EBS booth 
was appropriately themed Entertainment On-Demand: We Jumped First.  And 
Delivered.


TEXAS CYCLING TRADITION CONTINUES
The Texas MS 150 is a two-day, noncompetitive cycling event from Houston to 
Austin that raises 
funds to fight the devastating effects of multiple sclerosis.  This 
challenging ride took place last 
weekend and attracted more that 9,000 cyclists and 2,000 volunteers.  Since 
1998, Enron has been 
the nation's top fundraiser.  This year, the team expects to exceed its goal 
of $550,000.

Hats off to EBS cyclists and volunteers!

Rene Bosono
Greg Branan
Shalesh Ganjoo
Brian Haufrect
Brian Hoskins
Jan Johnson
Robert Kolosvary
Scott Manuel
Michele Nezi Marvin
Zachary McCarroll
Kellie Metcalf
Nicole Palczer
Tracy Pursifull
Mark Santikos
Eddie Sera
Mike Sheedy
Kenneth Shulklapper
Erik Simpson
Felicia Solis
Davis Thames
Matthew Thorn
Jason Wade
Rebecca Watkins
Ron Williams
Russell Woody



THE 2001 MS WALK & ROLL
While some EBS employees were biking their way from Houston to Austin for 
multiple sclerosis, 
co-workers in Portland were pounding the pavement for the same cause.  The 
2001 Enron MS 
Walk & Roll, a 5K or 10K walk through downtown Portland, helps raise money 
and awareness 
for MS.  Two thousand people participated in the walk on Saturday, April 21.  
With 151 walkers, 
Enron represented the largest walk team within the state of Oregon.

Good job, EBS walkers!

Kara Ausenhus
Krista Ausenhus
Joan Baucus
Colleen Case
David Frost
David Guillaume
Heidi Gutwald
Mindy  Hart
Jennifer Hurd
Julie Kearney

Russ Matzner
Susan Moore
Di Mu
Holly Bradford-Nelson
Jessica Nevin
Rich Nevin
Annamarie Reed
Linda Strahm
Judy Timson
Patrick Tucker





ENRON BROADBAND SERVICES (EBS) had bad news in March with the collapse of its 
exclusive 
20-year video-on-demand deal with Blockbuster. However, the company can take 
solace in an 
agreement signed with Electronics Boutique to launch broadband video games.

News of the Blockbuster deal collapse on March 9 unnerved investors and sent 
Enron,s shares 
plummeting from around $70 to a monthly low of $55 on March 22. They had yet 
to recover at 
press time.

Steve Elliott, managing director of EBS Europe, says the venture with 
Blockbuster, which was only four 
months old, failed because Blockbuster had not secured the quality and 
quantity of content Enron 
expected ) therefore, the predicted demand had not materialised.

Jonathan Oxley, a director at PricewaterhouseCoopers management consultancy, 
believes that in the present 
economic climate, services such as video-on-demand are often the first to be 
cancelled by consumers eager 
to make cuts in their household spending.

But Elliott is confident in the potential of broadband services: &The demand 
is high, though actual growth 
rates are not as high as we thought they would be. The incumbents have made 
it difficult for DSL, and 
regulation in Europe is particularly restricting. 

&We are looking at it in a market-by-market situation, especially in Europe,8 
he adds. &At the moment, 
Enron is focused on the Nordic regions and France. But the UK is not showing 
signs of doing anything 
quickly, so our strategies are more based around existing service offerings.8

Oxley also believes the logistics of video-on-demand are still 
technologically problematic. &Provisioning 
and interconnectivity are troublesome at the best of times, especially with 
competition from digital cable 
and satellite,8 he says. 

The Electronics Boutique deal helps re-assert Enron,s content delivery 
ambitions. From June 1, 
EBWorld.com, a subsidiary of Electronics Boutique, will stream video games to 
broadband internet users. 
Into Networks will supply the platform for real-time streaming, to which EBS 
will lend its strategic and 
financial support. 

Currently, Into Networks, platform has more than 3 million broadband 
subscribers.  Elliot declines to reveal 
the value of the revenue-sharing agreement with Electronics Boutique, but 
says that it was not intended to fill 
the gap left by the Blockbuster deal. 

Enron has created a secure end-to-end platform to deliver films, TV and music 
on demand. Aside from the 
Electronics Boutique deal, Enron has also revealed that it is in talks with 
all the major Hollywood studios.

Click here to read more. 




Description:  Enron - Powering Energetic Telecommunications Markets

The Herring Take:  Although its telecommunications services have yet to 
contribute to profits, Enron's 
execution has been flawless.  Company's goal to    create a bandwidth market 
assumes that bandwidth 
will become a commodity.  This goal seems within reach.  

To read this article, click here.



Ken Lay Presentation at CTAM Meeting - March 29, 2001

Ken Lay spoke to a luncheon meeting in Dallas on March 29 of the Texas 
chapter of CTAM, in a 
session moderated by CNBC's Bill Griffeth. His presentation explained Enron's 
capabilities and 
strategy for provisioning broadband capacity. 

Click here to watch Ken Lay's presentation.


From coverage of last week's "Fiber Bandwidth Glut - Fact or Fiction" 
conference in Boston:

"The submarine cable industry also came under fire at the conference's 
bandwidth trading panel discussion.  
Grant Zimmerman, a bandwidth broker for Enron Broadband Services, said that 
he has "20 sellers for every 
buyer on the New York to London cable."  In fact, the IRU price of a 
Transatlantic STM-1 has dropped to 
"$850,000 from $8.5 million in 1998," according to Tim Stronge, Director of 
Research for TeleGeography. 
Stronge also cited data from TeleGeography's recent report that shows 
Transatlantic route capacity will reach 
12 Tbps in 2005, and Transpacific route capacity will reach16 Tbps in that 
same year. ``Supply is leading 
demand in the early years in major ocean crossings,'' Global Crossing's Mool 
Singhi concluded.

EBS LUNCHEON DISCUSSION SERIES
Telecommunications and Broadband Regulatory Issues
Join Sue Nord from Enron Government Affairs for an EBS Luncheon Discussion 
Series and live interactive 
MSHOW event on the telecommunications and broadband regulatory issues that 
impact EBS.  She will 
discuss her group's priorities for 2001 and outline the major 
telecommunications and broadband issues, 
present and future, that could affect EBS in the bandwidth marketplace.
Date:  Tuesday, May 1, 2001
Time:  11:45 a.m. - 1:30 p.m.
Location: EB 5C2
Link to the live MSHOW will be provided before the presentation begins.  

UPCOMING TRAINING
Applied Corporate Finance and Transaction Structuring
Participants will develop an understanding of deal components and how value 
is extracted from the 
deal structure.  Dimensions of deal structures are explored in detail 
including off balance sheet financing, 
how to account for revenue from deals, economic justification of projects and 
the unique challenges of 
international deals.  In addition, the participants learn about risk 
assessment and quantification as well as 
credit issues and how they are managed.  Financial leverage is discussed; 
both the upside potential and 
the downside risks.  Mastery of the seminar material is achieved through the 
application of the financial 
principals presented in the course to a number of relevant, industry-specific 
case studies. 
Dates:      May 2-3, or May 12-13, 2001 (1 1/2 days)
Times:      8:00 am - 5:00 pm - day one
       8:00 am - 12:00 pm - day two
Location:  Houston, Shepherd facility
Registration Link: >> 

Introduction to Bandwidth Risk Management Fundamentals
This one day course covers the basic risk management fundamentals in EBS 
bandwidth, commercial 
origination and deal structuring.  It is designed as an introduction to risk 
management fundamentals, 
and would be appropriate for individuals who do not have a comprehensive 
understanding of these 
principles.
Dates:        May 8, 2001
Time:         8:00 a.m. - 5:00 p.m.
Location:   Houston, Shepherd facility
Registration Link: >> 

If you have any questions regarding the above courses, please contact Rita 
Ramirez.

We want your ideas and feedback on EBS Connected.