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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/15/2000
10:02 AM ---------------------------
"John D. Martin" <[email protected]> on 11/15/2000 08:42:58 AM
To: [email protected]
cc:
Subject: Good morning
Vince,
Attached you will find a draft "thought document" based on our
conversations yesterday. I think that it captures much of my
recollections. Please edit it to your liking and pass it back to me. In
the next steps I have laid out a plan of action that should lead us to a
successful conclusion and a draft by Christmas.
Let me emphasize that this is a working document so feel free to modify it
in whatever ways you think appropriate (don't be bashful--I want us to get
this right).
Have a great day.
Your friend,
John
- EnronInterview.doc
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
[email protected]
web: http://hsb.baylor.edu/html/martinj/home.html
|
Joe,
It has to be the following week. My mistake.
Vince
Joseph Hrgovcic
03/29/2000 09:36 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Research lunch with Yannis
Vince,
I've received your message and I'm coordinating with Yannis on the lunch.
Joe
|
Elena,
Can you, please, help with these prices?
Very urgent.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/21/2000
12:18 PM ---------------------------
Margaret Carson@ENRON
08/18/2000 05:22 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: AVG. MONTHLY ELECTRICITY PRICES FOR THE PAST 13 MONTHS
Vince Do you have a dataset that can give me monthly prices in $MW
for these
markets from July 1999 through July 2000 ?// Thank you. Marg.
Palo Verde
ERCOT
Cinergy
Entergy
PJM (or a proxy for any of these)
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/03/2001
03:19 PM ---------------------------
Tanya Tamarchenko
12/29/2000 10:48 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Rabi De/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations
Vince, sorry, the files from that directory get deleted periodically. I
attached this file here.
Rabi did some analysis related to implementation of correlated non-normally
(RTDM-distributed)
variables. Let's discuss later?
Tanya.
Vince J Kaminski
12/22/2000 05:58 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations
Tanya,
I could not locate the file.
Vince
Tanya Tamarchenko
12/07/2000 01:17 PM
To: Vince J Kaminski/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Jaesoo
Lew/NA/Enron@ENRON
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations
Everybody,
we were talking for a while about using non-normal distributions in the
Monte-Carlo simulations in our VAR model.
I put together some suggestion regarding this. The text is under
O:\_Dropbox\Tanya\non_normal_logs.doc
Look through this 3 page document, and let me know what you think, please.
Tanya
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001
05:40 PM ---------------------------
Enron North America Corp.
From: Elena Chilkina 04/19/2001 01:49 PM
To: [email protected], Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Weather and energy price Data
Mulong,
Please find attached a file with Henry Hub natural gas prices. The data
starts from 1995 and given on the daily basis, please let us know when we
can proceed with electricity prices.
Sincerely,
Elena Chilkina
Vince J Kaminski@ECT
04/16/2001 08:19 AM
To: mulong wang <[email protected]> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Elena Chilkina/Corp/Enron@Enron,
[email protected]
Subject: Re: Weather and energy price Data
Mulong,
We shall send you natural gas Henry Hub prices right away.
Please look at the last winter and the winter of
95/96.
We shall prepare for you the electricity price
information (Cinergy, Cobb and Palo Verde) but
you have to approach FT (the publishers of
Megawatts Daily, a newsletter that produces the price
index we recommend using) and request the permision
to use the data. We are not allowed to distribute
this information.
Please, explain that this is for academic research and that
we can produce the time series for you,
conditional on the permission from the publishers
of Megawatts Daily.
Vince Kaminski
mulong wang <[email protected]> on 04/15/2001 03:43:26 AM
To: [email protected]
cc: Richard MacMinn <[email protected]>
Subject: Weather and energy price Data
Dear Dr. Kaminski:
I am a PhD Candidate under the supervision of Drs. Richard MacMinn and
Patrick Brockett. I am now working on my dissertation which is focused on
the weather derivatives and credit derivatives.
Could you kindly please offer me some real weather data information about
the price peak or plummet because of the weather conditions?
The past winter of 2000 was very cold nationwide, and there may be a
significant price jump for natural gas or electricity. Could you
please offer me some energy price data during that time period?
Your kind assistance will be highly appreciated and have a great day!
Mulong
|
Vasant,
We have a coppy of Adobe on the 32nd floor.
Sam Smith.
Vince
Vasant Shanbhogue
04/04/2001 05:14 PM
To: Iris Mack/ENRON@enronXgate @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON
Subject: RE: Enron Credit Model Docs
Hi Iris,
you can simply save the pdf file in Windows Explorer by using copy and
paste. I do not think there is a need to buy Adobe Writer just for this
purpose --- Adobe Reader is sufficient for almost all our work.
Vasant
|
Christie,
Let's meet to discuss this project. I need more information from you about it.
By the way, I shall meet Bob Westbrook on Wednesday to discuss unrelated
issues.
Vince
Christie Patrick
11/02/2000 12:33 AM
To: [email protected], Cindy Derecskey/Corp/Enron@Enron, Michael B
Rosen/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Vince J
Kaminski/HOU/ECT@ECT, [email protected], [email protected], Mark
Palmer/Corp/Enron@ENRON
cc:
Subject: Action Learning Project and Enron tour
Hi Carrie,
It was great meeting with you and Dean Whitaker again last Friday, as well as
Mr. Westbrook.
As we discussed, I have submitted the Action Learning Program materials to
Vince Kaminski, our managing director of Risk analysis and Corporate
Research. I'll be following up with him, and his recommendations for project
proposals next week.
Also, I've discussed with our University Affairs team setting up the
faculty tours--we're ready when you are!! The sooner the better--I'd love to
get these in pretty immediately, and in any event, before the reception at
the end of the month. I"ll have Cindy Derecskey in my group eMail you--she
is prepared to set these tours up.
I look forward to continuing to develop the multiple potential dynamics of
the Enron-Rice relationship!
Thanks!
--Christie.
ps: Thanks so much for the Crystal Rice Owl--my participation as a judge in
the Rice Invitational Case Competition was my pleasure indeed!
---------------------- Forwarded by Christie Patrick/HOU/ECT on 11/02/2000
12:23 AM ---------------------------
Carrie Miller <[email protected]> on 11/01/2000 12:47:17 PM
To: [email protected]
cc: [email protected], [email protected]
Subject: Action Learning Project and Enron tour
Christie,
I enjoyed visiting with you last week at the Jones School. Thanks for
taking time to come see us. I wanted to follow up with you regarding the
Action Learning Project program and Enron tour. We hope to have Enron as
part of the program in 2001. Please let me know how I can help make this
happen. I look for the program to be full before the deadline of December
1st. Also, I am happy to help organize a group to tour Enron. If you were
to participate in the ALP program, January/February might be a good time to
put something together with key faculty and the ALP team. Let me know your
thoughts.
Again, many thanks for your continued support of the Jones School. I look
forward to hearing from you soon.
Carrie
======================================
Carrie Chamberlin Miller
Director of MBA Program
Jesse H. Jones Graduate School of Management
Rice University
6100 Main Street, MS 531
Houston, Texas 77005-1892
Phone: (713) 348-5260
Fax: (713) 348-5251
E-mail: [email protected]
http://www.ruf.rice.edu/~jgs/
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/06/2000
11:27 AM ---------------------------
Scott Adams <[email protected]> on 11/02/2000 06:53:02 PM
To: [email protected]
cc:
Subject: Dilbert Newsletter 31.0
Dilbert Newsletter 31.0
------------------------
To: Dogbert's New Ruling Class (DNRC)
From: Scott Adams ([email protected])
Date: November 2000
Highlights:
------------------------------------------------
- How I Spent My Summer Vacation
- True Tales of Induhviduals
- Cat Stretching Video
- Dogbert Answers My Mail
------------------------------------------------
DNRC Update
-----------
Many of you have expressed surprise and outrage that Dogbert was
not in the presidential debates. That's what you think. What you
don't realize is that Al Gore is actually a robot, remotely
controlled by Dogbert. The real Al Gore was abducted months ago
and is being held in a safe place. The strange thing is that the
real Al Gore is a robot too.
How I Spent My Summer Vacation
------------------------------
This newsletter is a bit late because this year I took my first
vacation ever. It was a cruise to Alaska. I will summarize it
here so you don't need to go.
Alaska is a large cold place with approximately six residents who
would inbreed if they found each other more attractive.
There was scenery.
Alaska has bald eagles, which are very rare because of Rogaine(tm).
From the cruise ship you can see bears on the shore. Bears are
about the size of a pencil eraser, at least the ones I saw. They
might look bigger up close.
If you wondered where all the senior citizens went, they were on my
cruise ship. That was fine with me; when I'm in bear country I
like to be surrounded by people who can't outrun me. And it was
fun to see the bald eagles swooping down to our deck and carrying
off the elderly with their majestic talons. (Why those elderly
people had majestic talons I'll never know.)
The ship had a gym in the bow, with large windows. When I used the
exercise bike I pretended that the ship was being powered by my
pedaling. I almost passed out trying to ram a tugboat. They are
faster than they look.
The cruise ship had something they call a gambling casino. It
wasn't the kind where you sometimes get back a small portion of
your money. But that was okay with me because when you're in the
middle of the ocean, and you're not the designated sailor, shoving
money into a small hole in a colorful blinking box can be loads of
fun.
There was food.
If I left anything out, drop by the house and I'll show you the
pictures.
Cat Stretching
--------------
My cat Sarah used to be short and stubby. Check out my streaming
home video at Lycos Video Center to see how I upgraded her. Here's
the URL:
http://video.lycos.com/myvideocenter/viewvmail.asp?vm=338035&e=33KUVI9WUjIaU&r
=1
Pillows
-------
Until I obtained good taste, I thought the proper number of pillows
for a bed was one per head. It's embarrassing to think how wrong I
was. Thanks to the help of a professional decorator, and Pam, my
bed now has fifteen pillows. Six of them are big honkers that look
very impressive until they are thrown on the floor at night. Four
of them are decorative pillows featuring the cheerful faces of
various dogs; those go on the floor at night too. One pillow is a
log-shaped thing called a bolster; it has no purpose that I can
discern. Two are "Bucky(tm)" pillows that support one's neck
should that become necessary on an emergency basis. When not in
use, they go on the floor with the bolster.
And then there are two pillows that can be used for -- of all
things -- your head. Those stay on the bed.
The bedspread somehow transmogrified into something
Frenchy-sounding, called a duvey or doovay or something like that.
It is so heavy that I put a lump of coal under it and I check its
progress every few days. You can't actually sleep under it,
especially on warm California nights, but it sure is pretty. That
goes on the floor too.
Thirteen pillows plus the doovay are strewn around the bedroom
floor all day. I fantasize about someday making the bed just to
see what it would look like. Or maybe I'll just spend that same
energy building a full-scale replica of Stonehenge.
I am delighted with my cornucopia of bedding because I know that
should those beautiful items somehow find their way from the floor
to the bed, the sight would make even the most jaded observer step
back and say, "Wow. It must be a pain in the ass to have that many
pillows."
Incompetence Pays
-----------------
A true tale from the field...
My group ordered 14 new workstations for nearly $70,000. The
contracts person (Induhvidual) responsible for buying the PCs
announced that she was able to negotiate a better price than we had
indicated, saving $14,000 on the purchase. As a result of the cost
savings, she was granted an award of $7,000, 50% of the cost
savings. This $7,000 award came out of my group's budget.
When we received the 14 workstations, we discovered how she had
saved the $14,000. She had removed all the monitors from the
order. We received 14 computers with no monitors.
We were forced to file a new order for the 14 monitors. Since the
monitors were not being bought as part of a package, the new price
for the monitors came to $19,000, $5,000 more than our original
order.
The end result was that the $70,000 worth of workstations actually
cost us $82,000, and the Induhvidual was rewarded for her good
work.
Looking Busy
------------
Here's an excellent method for getting paid to do nothing, courtesy
of a devious DNRC member:
Scatter some papers over your desk as though you are working on
them. Open your middle desk drawer (directly over your lap), place
your favorite magazine in the drawer and spend the next hour
reading it. Put a pen in one hand and keep that hand in the
drawer. If someone enters your office, remove the pen from the
drawer and close it in one smooth motion.
Two Dimensional Management
--------------------------
True story: Our senior execs decided they needed to be more
"visible" to the unwashed masses. The solution: cardboard cutouts
of the VPs and senior VPs in the break rooms.
Induhviduals Speak
------------------
Here are two recent statements, both from the same Induhvidual, as
recorded by a vigilant DNRC member.
"I'm caught between a rock and a stone."
"My son has a huge appetite. He has a bottomless leg."
Here are some more gems, all uttered by another prolific
Induhvidual. (I might use some of these myself someday.)
"It's like being a monkey with chickens on your back!"
"Are you too blind to remember?"
"Anyone could go to that person and say, 'I need a bell on the side
of the elephant.'"
"He has too many fingers in the dike."
"It's like an engineer falling out of a building."
"Smooth as pie."
"I have no idea what that is. Thank goodness we didn't order
three!"
"The active part is there, the proactive is not."
"Same crap, different fork."
Lazy Entrepreneur
-----------------
Did you ever have a great business idea but you were too lazy to do
anything about it? It's frustrating because other people don't
realize how brilliant you are. To the ignorant observer it appears
you are sitting on your couch drinking soda, burping, and eating
the remnants of potato chips off your shirt. You look lazy and
dim-witted when in truth you are lazy and brilliant. It's totally
unfair.
That's why United Media and I created the Lazy Entrepreneur web
site. It's a message board where you can post your brilliant and
generally impractical ideas. Or make snide remarks about those who
do. You'll get all the benefits of displaying your brilliance in a
public forum while using no more energy than it takes to type. And
no one will see the embarrassed look on your face when a stranger
tells you your invention has existed for years and you can buy it
at any Target store.
I seeded the Lazy Entrepreneur with a bunch of my own brilliant and
impractical ideas. For example, I'd like to see a prescription pill
container with a built-in manual dial on the bottom, labeled for
each day of the week, so I can use it to remember if I already took
a pill that day. If the pill has to be taken twice a day, the dial
would have two positions for each day. If I had a pill container
like that I could stop worrying whether I took my pill and start
worrying whether I remembered to turn the dial. For some reason,
that seems better to me.
If you don't want to give away your brilliant ideas, the web site
has information on copyrights, patents, trademarks and the like.
DNRC members will get an exclusive preview of the Lazy
Entrepreneur. It won't be linked from Dilbert.com until next week,
but you can join in the beta test by following the link below.
http://www.unitedmedia.com/comics/dilbert/lazyentrepreneur/
You'll have first choice of user names, and your feedback will have
a big impact on upgrades to the site. (If you find anything that
doesn't work, please send the report to
[email protected]).
Dilbert.com Short List
------------------------------
The Dilbert List of the Day is now available in a short, weekly
highlights version that you can email to a friend. You can find the
Short Lists at:
http://umweb1.unitedmedia.com/comics/dilbert/lotd/ShortList/shortlist_email.ht
ml
For information on reprinting the Short List on your company's
Intranet, email [email protected].
DNRC Members-only Link Icons
----------------------------
We've added a new animated DNRC link icon to the members' only page
at:
http://www.unitedmedia.com/comics/dilbert/dnrc/membersonly.html
This link is available only in the newsletter.
Wise Crack
----------
In a recent Sunday strip, Wally's co-workers held him down while
Catbert branded him with a hot iron. An eighth of an inch of
Wally's butt crack was visible in the original drawing. I was
informed that readers would complain that Wally's butt crack was
destroying the moral fiber of the planet, so we removed the butt
crack line from the print version and included it in the web
version. This allows us to test the idea that exposure to cartoon
butt cracks is bad for children. In theory, the kids who see the
unedited web version will grow up to be serial killers, marketing
professionals and auditors. They might even have butt cracks of
their own, possibly using mirrors to ogle them. Or they might
become butt crack addicts. Adult magazines might be printed that
feature nothing but one-eighth inch black lines.
The possibilities are frightening.
True Tales of Induhviduals
--------------------------
Those In-duh-viduals continue to amaze and amuse us. Here now,
some more true tales as reported by DNRC operatives in the field.
True Tale 1
-----------
My boss handed me ten pages of data and asked me to scan them, use
optical character recognition (OCR) to get them into our
spreadsheet software and rearrange the columns to meet his needs.
After several hours spent scanning and fixing OCR errors, I learned
that the spreadsheets had originally been e-mailed to my boss as an
attachment. It seems that my boss didn't remember how to rearrange
columns using spreadsheet software so he figured it would be
easiest to print the file and have me do it instead.
True Tale 2
-----------
During my recent attempt to get a pay raise, part of the
conversation went like this:
Me: "I have many more responsibilities than I did when I was first
hired, so you should pay me more."
Pointy-Haired Boss: "No, because if you weren't here, we'd just do
without the extra functions that you're performing, so why should
we pay you to do them?"
True Tale 3
-----------
I'm the webmaster at my company. I asked the PR director to give me
the most up-to-date list of our business locations so I could
update the web. She downloaded my web pages and gave them to me.
True Tale 4
-----------
I was having trouble getting my boss to read my e-mail. Upon
investigation he told me he got too many messages and couldn't read
them all. I investigated further and discovered that he was using
the alphabetical sort feature in Outlook, and since my name started
with a "P" he never got down to my e-mails.
True Tale 5
-----------
The following is the real reason dot-coms are burning money. Our
product development team was meeting with the VP for product
development to unveil our product. It was fully functional to the
point of beta-testing. At the conclusion of our presentation, the
VP responded that this was great, since he had been in discussions
with an external IT firm about outsourcing the development. "Maybe
we'll be able to get them to do it cheaper if they know we already
have a working product."
True Tale 6
-----------
A friend told me that his supervisor permitted the receptionist to
make up lost time on a Saturday, when they are closed.
True Tale 7
-----------
This is the real signature line of every mail one of my bosses
sends:
(Company name) ... Shiting ideas to solutions
I think he meant shiFting.
True Tale 8
-----------
My high school French teacher isn't the sharpest crayon in the box.
She was playing a French song off the Internet, and the class
wanted to know who the band was. She looked at the computer for a
minute, walked to the chalkboard and promptly wrote: MP3.
True Tale 9
-----------
Sometimes, Induhvidualism can work out for the best.
I work at a movie theatre chain that has been sold to another movie
theatre chain. Technically, everyone in my company is being laid
off. Per company policy, all employees will be receiving severance
pay before going back to the *exact same* jobs they had before the
switch.
True Tale 10
-----------
An example from our bright travel department:
"Regarding your travel request for Nashville. You are looking at a
Southwest flight at 1740. Would this be a.m. or p.m.?"
True Tale 11
-----------
One day on the way to work my wife and I passed by a park and saw
an Induhvidual cleaning up trash in the park using one of those
"garbage harpoons" and a bucket.
We watched her walk along, picking up garbage and smoking her
cigarette as she went. Just as I started to say how dedicated she
must be for not even stopping her work for a smoke break, she took
the cigarette butt from her mouth and flicked it on the ground and
continued cleaning, leaving the cigarette butt smoldering on the
ground behind her.
True Tale 12
-----------
Here is a wonderful and true story about how the bureaucratic mind
works.
I live in California, and the large building I work in is cooled by
drawing in outside air during the months of June and May. (This
saves lots of money because the huge air conditioner remains off.)
But one June day it was unseasonably hot, so I called the
maintenance department to come and turn on the large roof-mounted
air conditioner. The following conversation is a jewel.
ME: It is very hot and uncomfortable in this building. Will you
please turn on the air conditioning?
HER: Uh, we always leave the air-conditioning off during this
month.
ME: Yes, I know. But it is hot outside, and worse inside.
HER: I am sorry, but this is just part of our yearly program. We
don't use air conditioning in June.
ME: But it is getting unbearable in here.
The above exchange was repeated several times, and finally, with
some irritation in her voice, she delivered the following, and hung
up.
HER: Sir, I am sorry you are uncomfortable over there, but we only
control the air-conditioning; we have no control over the weather!
True Tale 13
-----------
An angry Induhvidual recently accused me of "cheating" at our
various work meetings. I asked how. The Induhvidual replied that,
"You always prepare for our meetings and that gives you an unfair
advantage."
Dogbertian Poll
---------------
Dogbert might have inspired this idea. Someone recently spammed a
bunch of people with a message that asked them to call a 900 number
to vote on the issue of whether spam was a good thing or a bad
thing. It only cost you $1.50 per minute to complain about spam.
Dogbert Answers My Mail
-----------------------
In this section Dogbert answers the mail that I am too polite to
answer myself. These are all based on real e-mail. The names have
been changed to make them funnier.
Dear Mr. Adams,
I am studying Social Communication in Argentine. I wonder if you
could send by e-mail all the information about people who work in
offices, the relationship between them and the work environment and
also about office design.
I wish you could send all the information you can get by e-mail
otherwise you can send me a list of bibliography to search
information about the topics in Spanish.
I beg you to answer in a short time, my e-mail.
Romero
Dear Remora,
I'm glad you begged. People in the United States are too proud to
get right down on all fours and whimper when they want something.
I will send the information you requested right away. If you don't
see it within a day, call my 900 number and complain. It is only
$1.50 per minute.
Sincerely,
Dogbert
----
Dear Mr. Adams,
I THINK YOUR CARTOONS ARE LOUSY,
PLEASE STOP SMOKING THAT DAMN CRACK!
Anonymous
Dear Ahmamouse,
Mr. Adams resents that comment. He has been known to erase crack
to satisfy editors but he never smokes them.
Sincerely,
Dogbert
---
Dear Mr. Adams,
My Latin teacher gives us extra credit if we bring in anything that
contains one or more of our 'daily phrases,' such as 'Ad Hoc,'
'Ante Meridian,' and 'Circa.' I was wondering if you could make me
a cartoon including many Latin phrases that would still be used
today. This would be a big help.
Abe
Dear Ape,
Latin is what's known as a dead language. It got that way because
every time a Latin student asked for a special cartoon he was slain
by a hideous monster that lived under his bed. I'm not saying that
will happen to you, right away. Anyway, here's a little story that
uses your daily phrases.
My poor Irish ante Meridian was broke. So she circa the block in
her hometown of Unum until she saw a fish fall from the back of a
fish delivery truck. It was a carpe worth ten cents. She thought
that that carpe diem would get her out of hock, or at least reduce
it, but she used so much gas driving in circa that it turned out to
be an ad hoc situation. So she ate a potato and went to visit her
niece, Pati O'Furniture who lived in the town of Pluri. She took
the E Pluri Bus from Unum.
Sincerely,
Dogbert
Dilbert Fodder
---------------
What's bugging you about your job? Let me know and you might see
it in a Dilbert comic or newsletter. The best comic fodder
involves workplace peeves, devious strategies, frustrations of
dealing with others, conflicting objectives, unintended management
consequences, and of course my favorite - idiot bosses.
And I love True Tales of Induhviduals.
And if you're seeing any new management trends that need to be
mocked, I can help. Send your suggestions to me at
[email protected]. Short ones are better.
How to Subscribe to the Dilbert Newsletter
------------------------------------------
You can sign up for the free Dilbert Newsletter automatically. Send
a blank e-mail to [email protected].
Unsubscribing
-------------
To unsubscribe automatically, send a blank e-mail to
[email protected].
Problems Signing up for the Newsletter
---------------------------------------
If the automatic method doesn't work for you, simply send a message
to [email protected] specifying your e-mail address and
you will be added manually. This method is much slower than the
automatic method so please be patient.
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[email protected]
All submissions to Scott Adams and/or Dilbert.com shall become the
exclusive property of United Media and Scott Adams, and they will
have the right to use them free of charge, in any manner and in any
medium, forever and throughout the world.
Please do not reply to [email protected]
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/02/2001
03:09 PM ---------------------------
"RiskNews Update" <[email protected]> on 03/02/2001 12:30:06 PM
To: List Member <[email protected]>
cc:
Subject: - latest RiskNews Update - 02/03/2001
RiskNews Update - http://www.RiskNews.net
RiskNews Update - http://www.risknews.net/
===================================================================
RiskNews Update - week ending 02/03/2001
http://www.RiskNews.net
News for derivatives and risk management professionals
===================================================================
Dear Subscriber,
Welcome to RiskNews Update!
An innovative Argentine bond issue that gained an above-sovereign rating,
Enron,s moves to create a European bandwidth boom, further clever
catastrophe protection from Swiss Re and awareness of a potential increase
in institutional trading costs through the decimalisation of US equity
markets represented some of the key headlines this week.
The political risk insurance deal was put together by Sovereign Risk
Insurance, a Bermuda-based joint venture between ACE and XL Insurance,
which raised Argentina,s Salta Hydrocarbon Royalty Trust,s note issue to
investment grade debt. Notably, the ranking was higher than Argentina,s
sovereign rating. Given the Basel Committee,s endorsement, similar deals
are likely to emerge elsewhere.
Enron, meanwhile, believes a liquid European bandwidth market will emerge
within a year. The US firm is significantly ramping up its European energy
operations.
Swiss Re, which first put together earthquake protection deals in
California in 1997, has developed yet another innovative reinsurance and
investment capital deal to give $100 million protection to policyholders
of the California Earthquake Authority.
Meanwhile, the move to decimalisation and minimum price increments of one
penny in the US equity markets could result in an overall decline in
market liquidity and higher costs for institutional client trades
according to research by US investment bank Goldman Sachs (see top story).
Christopher Jeffery
Editor, RiskNews
Tel: 44 (0)20 7484 9880
mailto:[email protected]
LOOK >>> Exclusive offer for subscribers of www.RiskNews.net ONLY! The
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Risk Magazine,s 6th Annual European Derivatives And Risk Management
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------------------------------------------------------------------
RiskNews Update - 02/03/01
Headlines/ Technology and Exchanges/ People/ Events
===================================================================
Headlines - 02/03/2001
===================================================================
2 March ) The move to decimalisation and minimum price increments of one
penny in the US equity markets could result in an overall decline in
market liquidity, and higher costs for institutional client trades.
2 March - London-based online risk consulting boutique Reech Capital has
acquired French derivatives consultancy and application services provider
services firm Netquant
2 March - Swiss Re New Markets and Goldman Sachs have used a combination
of reinsurance and investment capital to arrange $100 million in funds
that would be made available to California Earthquake Authority
policyholders in the event of one or more earthquakes during the next 23
months
1 March - Enron Broadband Services, a wholly owned subsidiary of
Houston-based electricity, gas and communications company, Enron
Corporation, has launched online bandwidth trading in Europe
28 February - BNP Paribas Commodity Futures, a subsidiary of BNP Paribas,
has launched a 24-hour energy futures and options brokerage service
28 February - Morgan Stanley Capital International has launched its new
real-time index service, which includes indexes for derivative products
that are updated every 15 seconds and are designed specifically for trading
27 February - Rumblings that China is planning to widen the trading band
of the renminbi or break its peg with the US dollar have gone on for
years, but People's Bank of China officials recently appear to have been
testing the market's reaction
26 February - Sovereign Risk Insurance, a Bermuda-based joint venture
between ACE and XL Insurance, has sold a political risk insurance policy
that will raise an emerging markets bond issue from sub-investment grade
to investment grade
26 February - The International Swaps and Derivatives Association is
launching a new credit derivatives committee to deal with issues related
to trading practices
To read more now, click http://www.risknews.net
*******************************************************************
The launch issue of TELECOMS CAPACITY is OUT NOW! Click here for your FREE
copy (worth $27). Additionally, take advantage of our LIMITED SUBSCRIPTION
OFFER and save 25% off if you subscribe before 30 April 2001. You will
find both these offers and features from the launch issue available on
http://www.TelecomsCapacity.com
===================================================================
Technology and Exchanges - 02/03/2001
===================================================================
2 March - The European Energy Exchange (EEX) yesterday launched Germany's
first electricity futures market, ahead of rival Leipzig Power Exchange
(LPX), which plans to introduce a competitor service within the next few
months
2 March - The Chicago Board Options Exchange, the world's largest options
exchange, will launch its new screen-based trading system, CBOEdirect, at
the beginning of June
1 March - Goldman Sachs has added online exotic FX options in five
currency pairs to its WebET internet trading system
1 March - Dublin-based alternative trading and asset management firm
Greenhouse Capital Management is to replace its back-office risk
management systems with futures and options software developed by France's
Ubitrade, formerly known as ATSM
1 March - Eurex's electronic trading platform has started auctioning repos
in the form of Swiss-registered money-market claims and Swiss federal bonds
28 February - Global over-the-counter derivatives electronic brokerage
Icor, which has been beaten to market by chief rival Volbroker, has
received a significant cash injection from the alternative investment fund
unit of US insurance broker Arthur J Gallagher
27 February - Bank of Tokyo-Mitsubishi is building its online foreign
exchange dealing capacity using Cognotec's AutoDeal Lite service
26 February - Merrill Lynch Investment Managers (MLIM) plans to strengthen
its control of the credit and counterparty risk in its portfolios of
assets under management by licensing an integrated risk management
software package called Risk Vision from MKIRisk
26 February - The European securities arm of Bank of Tokyo-Mitsubishi,
Tokyo-Mitsubishi International, is to use risk management software
supplied by Canada's Algorithmics to manage its collateral risk for its
derivatives trading activities
To read more now, click http://www.risknews.net
*******************************************************************
Have you seen the results of the joint Energy & Power Risk Management/Risk
magazines' over-the-counter commodity derivative rankings? What have been
the big changes in the past 12 months? Click here for online coverage:
http://www.EPRMonline.com
===================================================================
People - 02/03/2001
===================================================================
2 March - BNP Paribas has appointed Sylvie Durham as head of corporate
equity derivative products for North America. In the newly created
position, Durham will be responsible for originating and marketing
structured equity products for BNP Paribas' corporate client base
2 March - US investment bank Merrill Lynch has hired 10 new derivatives
and capital market executives in its EMEA region, to boost its presence in
a series of potential growth areas
1 March - New York-based trading and risk management software provider
Summit Systems has appointed Joseph Bruno as its new director of sales, in
an effort to concentrate on the sales side of the business
1 March - Tony McCormick, vice-president of derivatives markets at Charles
Schwab, has been appointed to the board of directors at the Chicago Board
Options Exchange
28 February - Dresdner Kleinwort Wasserstein, the investment banking arm
of Germany's Dresdner Bank, has appointed David Schwartz, Richard Fedrick,
Sylvie Botter and Roland Toussaint to its global debt derivatives
marketing team, in a bid to expand its derivatives business
28 February - Rob van Paridon, US head of wholesale client business at ABN
Amro, has been selected to succeed Erik Post as head of the Dutch bank's
global futures business
To read more now, click http://www.risknews.net
*******************************************************************
SPECIAL OFFER from Risk Books: Buy any two Credit titles and get a third
of your choice absolutely FREE! Click here for the Credit book titles:
http://www.riskbooks.com/cluster_credit.shtml
==================================================================
Events - 02/03/2001
===================================================================
Risk 2001 Europe ) Risk magazine,s 6th annual European derivatives and
risk congress,
10 & 11 April, Paris
At this year,s Risk Europe Congress, an entire stream is dedicated risk
management for investment managers. Key speakers on this stream include:
Malcolm Kemp, Zurich Scudder Investments Limited,
David Mordecai, University of Chicago
Michael de Marco and Erwin Martens, Putnam Investments
Stephen Rees, Baring Asset Management
Dr B. Scherer, Deutsche Asset Management
Kenrick Ramlochan, Bank of America
Kelsey Biggers, Measurisk
Pim Poppe, Robeco Group
Donna Marie Howe, ABN Amro
Peter Davies and Dr P. K. Satish, Askari
Michelle McCarthy, Deutsche Bank Group
Edward Fishwick, AXA Investment Management
(http://www.risk-conferences.com/risk2001euro)
At no other event will you hear from these leading market participants,
who will deliver cutting-edge presentations, focusing on the key risk
management issues facing the investment industry in Europe.
Congress keynote presentations from:
Bob Litzenberger, Goldman Sachs
Andrew W. Lo, Massachusetts Institute of Technology
Other conferences coming soon:
Monte Carlo techniques, London 8 & 9 March 2001; New York 12 & 13 March
2001
Accounting for energy derivatives, Houston 26 & 27 March 2001
Practical accounting for derivatives, London 2 & 3 April 2001; New York 19
& 20 April 2001
ALM 2001 ) Risk Magazine,s 7th annual Conference ) New York 21 & 22 June
2001
Risk 2001 USA ) Risk magazine,s 7th annual US derivatives and risk
management congress, Boston 12 & 13 June 2001.
For further information contact: http://www.risk-conferences.com
http://www.risktraining.com
===================================================================
All of Risk Waters Group online services can be accessed through
http://www.riskwaters.com
______________________________________________________________________
To unsubscribe, write to [email protected]
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/22/2001
07:53 AM ---------------------------
"Chen, Vincent" <[email protected]> on 03/22/2001 03:52:20 AM
To: [email protected], "'[email protected]'"
<[email protected]>, "'[email protected]'"
<[email protected]>
cc: "Bhalla, Tulika" <[email protected]>, "Chen, Vincent"
<[email protected]>, "Levitt, Nicholas"
<[email protected]>, "Mallik, Deepa" <[email protected]>,
"Rejtman, Jack" <[email protected]>, "Whitsel, Kimberly"
<[email protected]>, "Thorne, Heather" <[email protected]>,
"'[email protected]'" <[email protected]>, "'FAP'"
<[email protected]>
Subject: Enron Team #1 Conference Call Today
During our conference call today, we will summarize resources used in our
study (see attached), and then discuss the outline for our final
presentation. We also wanted to make sure that we are aligned on expectations
for our April 3 face-to-face meeting. Look forward to talking with you today.
PRESENTATION OUTLINE
Approach
Competitors
Ranking Criteria
Volume
Liquidity
Efficiency
Ease-of-Use
Credit Rating
Weighting of Criteria
Ranking Score Summary
Conclusions
Future Threats
Recommendations
Thanks,
Enron Team 1
- Resources.ppt
|
Amy,
My bio.
Vince
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: bios of MIT participants
Vince: bios from MIT participants did arrive --- see below. Amy
Donald R.Lessard
Deputy Dean; Epoch Foundation Professor of International Management
Office E52-474
Tel 617-253-6688
???????????
Lessard's current research is focused on the shaping and managing of risks in
large engineering projects, the globalization of financial services, and
knowledge development within multinational firms. As Deputy Dean, Lessard
coordinates Sloan's research centers and provides faculty leadership for its
international initiatives, institutional partnerships and executive
education. The international initiatives include joint programs with Tsinghua
and Fudan Universities and Lingnan (University) College in China, as well as
programs in Taiwan and Singapore. Lessard is also the faculty director for
the MIT-wide partnership between Merrill Lynch and MIT.
General Expertise International corporate strategy and finance
S.P. Kothari
Gordon Y Billard Professor of Accounting and Finance
Office E52-325
Tel 617-253-0994
????????????
Kothari is an editor of the Journal of Accounting & Economics, and his
research work has been widely published in leading accounting and finance
journals. Past research has focused on the relation between financial
information and security prices, accounting for executive stock options,
tests of security-price performance and market efficiency, corporate uses of
derivatives for hedging and speculation, and issues surrounding executive
compensation. Recent published research includes: "The Relation Between
Earnings and Cash Flows" (with Patty Dechow and Ross Watts), Journal of
Accounting & Economics; "A Market-Based Evaluation of DiscretionaryAccrual
Models" (with Wayne Guay and Ross L. Watts), Journal of Accounting Research,
1996; "Another Look at the Cross-Section of Expected Returns" (with Jay
Shanken and Richard Sloan), Journal of Finance, 1995; and "Measuring
Long-Horizon Security Price Performance" (with Jerold B. Warner), Journal of
Financial Economics, 1997.
General Expertise Accounting, India, stock trading
|
Nick,
Thanks for your message. The best date for a visit to Enron
would be Friday, May the 26th. Please, let me know if this date would work
for you.
Vince
Nick Bambos <[email protected]> on 05/01/2000 04:26:30 AM
To: [email protected]
cc:
Subject: Re: Visit to Enron
Vince,
How are you? Hope all is well.
Is there any chance we can schedule my visit to Enron on Friday, May 19,
or Friday, May 26?
By the end of April I was able to attract a top new student to work on the
project.
The other one for the coming year will be Giuseppe. By spending the summer
at Enron, he will be in a position to bring the new one up to speed and
create an intellectual team here at Stanford to look at these problems.
I must move ahead soon to put the project in place and get the work going.
Talk to you soon,
Nick
[email protected] wrote:
>
> Nick,
>
> We can close the loop on our commitment to support the research projects
> before your visit to Enron.
>
> My assistant, Shirley Crenshaw, will call you to set up a conference call
> with me, Stinson Gibner,
> and Tom Gros from Enron Broadband Services to discuss all the isssues.
> Friday this week would work for
> both Tom and me. I think we need about 15 minutes.
>
> Vince
>
> P.S. Shirley, Nick's phone number is 650 796 8163 (cell), 650-725-5525
> (office).
>
> Nick Bambos <[email protected]> on 03/12/2000 05:32:35 PM
>
> To: [email protected], [email protected]
> cc:
> Subject: Visit to Enron
>
> Hello Vince,
>
> It was nice seeing you at Stanford and many thanks for the lunch
> we had together. I really enjoyed our discussions, both at the
> technical level and otherwise.
>
> I promised to send you an e-mail regarding possible dates for
> a visit to Enron. I delayed it for a week till my schedule was
> clearer. Let's see if we can get a match with your schedule -
> mine is rather terrible:
>
> Friday, 21st of April looks good. But April 23rd is Easter
> Sunday, so that may make it difficult for some people at Enron
> to be around. Let me know if that is the case. I am willing to
> visit then, because the week after that I am scheduled to be in
> Japan and in the previous weeks I am all committed on Fridays.
>
> Friday, 19th of May is the next possibility, but this probably
> is too far out. The main problem is that I am operating within
> a window of opportunity for attracting top students for this
> research. This window closes by the end of April, and it would be
> important for the student support funds to be in place then, so
> that I can make hard commitments to students and attract top
> talent. I am already reviewing files of students who have
> approached me for PhD advising, and I am in a mode of doing "soft
> commitments to star-level students" to get this research and its
> potential on their radar screen. Top students are highly sought
> after by advisors and I want to be an early player in this
> competition.
>
> Does my visit to Enron have to happen before we can set up the
> project and student support at Stanford? If so, doing it before the
> end of April is important for getting top people. If the visit can
> happen after we get the ball rolling, then we can schedule it in May.
> I assume there will be multiple visits both ways when the project gets
> going. Please let me know what you think.
>
> Best Regards,
>
> Nick
|
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001
05:00 PM ---------------------------
Pamela Vande Krol Castro <[email protected]> on 01/19/2001 04:00:28 PM
To: (Recipient list suppressed)
cc:
Subject: Action Learning Project
Congratulations! Your company project was selected by the students for the
2001 Action Learning Project program at Rice University. The Company Day was
a huge success last week, and we appreciate all your time and effort. On
Monday, January 22, we will send you a list of your team members via email
with a hard copy to follow. Student team members will be in touch soon so
that you can plan your first meeting.
Thanks for your continued support and interest in the Jones School.
======================================
Carrie Chamberlin Miller
Director of MBA Program
Jesse H. Jones Graduate School of Management
Rice University
6100 Main Street, MS 531
Houston, Texas 77005-1892
Phone: (713) 348-5260
Fax: (713) 348-5251
E-mail: [email protected]
http://www.ruf.rice.edu/~jgs/
|
Mark, Mike,
I have scheduled a video conference with this gentleman on Thursday this week
at 3:30
p.m. Can you join me for this conversation?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/20/2000
04:16 PM ---------------------------
<[email protected]> on 06/20/2000 03:12:53 PM
To: "Vince J Kaminski" <[email protected]>
cc: [email protected]
Subject: Introduction
Vince:
As way of introduction, I wanted to write a bit about Mars inc. and then
about CDS,
the unit I head. Mars is a private company, considered to be the largest
privately owned
manufacturing company in the world. Mars is not in the habit of disclosing
its
finances,
so the best I could do is refer to Forbes' estimate of $15 Billion annual
revenue and
to the profit margins of similar companies between 5-12%. Mars is in the
business of
manufacturing confectionery (m&m, Dove bar, skittles, twix, - all (R))
food (Uncle Ben rice (R)) pet food (Pedigree, Whiskas Waltham (R)) and other
products.
Mars has prospered during the years because of a unique philosophy that
emphasizes the
long term goals of the company. Part of the philosophy is to look for win-win
solutions with
its suppliers, customers and partners.
As can be understood from the nature of the company, a large chunk of its
expenses
goes towards purchasing commodity like products, and hence the history of
researching
those commodities and the weather that influences their supply and the demand
(people
eat less ice cream in the winter and less chocolate in the summer).
CDS has a history of few decades in forecasting weather and has been very
successful,
with an envious track record, in helping Mars get a competitive advantage in
these arenas.
CDS is a global group (in 4 countries across two continents) which supports
the
purchasing
function and the corporate at large in these and other arenas. It is a
multidiscipline and
multinational team with a lot to offer.
Not having a ready access to the energy markets, and with a risk profile based
on
manufacturing expertise, Mars has decided to look for potential partners in
this
area.
Enron presence in the market place certainly makes it an interesting party to
talk to.
In talking to Enron, we are careful to suggest that Mars is not committing to
anything
at this point, and all we are after is to find out if there is an interest to
pursue the opportunity
we discussed in the future.
I am looking forward to our video conference call.
Kind regards,
Avi
---------------------------------------
Avi I. Hauser PhD MBA
CDS Director
100 International Drive Mt Olive NJ 07828-1383
+ 1 973 691 3664 (office)
+ 1 973 347 8189 (fax)
+ 1 973 727 3622 (car + slow paging)
[email protected]
|
Rudi,
Thanks.
Vince
From: Rudi Zipter
08/17/2000 08:38 AM
To: Grant Masson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: GRMS access
Grant & Vince,
I have approved your request for RisktRAC (formerly GRMS) access. In about a
week, contact your IT help desk representative to verify the deployment onto
your desktop.
Thanks,
Rudi
|
Mulong,
We shall send you natural gas Henry Hub prices right away.
Please look at the last winter and the winter of
95/96.
We shall prepare for you the electricity price
information (Cinergy, Cobb and Palo Verde) but
you have to approach FT (the publishers of
Megawatts Daily, a newsletter that produces the price
index we recommend using) and request the permision
to use the data. We are not allowed to distribute
this information.
Please, explain that this is for academic research and that
we can produce the time series for you,
conditional on the permission from the publishers
of Megawatts Daily.
Vince Kaminski
mulong wang <[email protected]> on 04/15/2001 03:43:26 AM
To: [email protected]
cc: Richard MacMinn <[email protected]>
Subject: Weather and energy price Data
Dear Dr. Kaminski:
I am a PhD Candidate under the supervision of Drs. Richard MacMinn and
Patrick Brockett. I am now working on my dissertation which is focused on
the weather derivatives and credit derivatives.
Could you kindly please offer me some real weather data information about
the price peak or plummet because of the weather conditions?
The past winter of 2000 was very cold nationwide, and there may be a
significant price jump for natural gas or electricity. Could you
please offer me some energy price data during that time period?
Your kind assistance will be highly appreciated and have a great day!
Mulong
|
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/02/2000
10:57 AM ---------------------------
From: Cathy Phillips 11/02/2000 09:00 AM
To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Pierre Aury/LON/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Rick Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Kathryn Corbally/Corp/Enron@ENRON, Jeff Donahue/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Shanna
Funkhouser/Corp/Enron@ENRON, Eric Gonzales/LON/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Larry Lawyer/Enron
Communications@Enron Communications, Chris Mahoney/LON/ECT@ECT, George
McClellan/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, Stuart
Staley/LON/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron,
Lisa Yoho/HOU/EES@EES
cc: Nicki Daw/NA/Enron@Enron, Cathy Phillips/HOU/ECT@ECT, Jennifer
Burns/HOU/ECT@ECT, DeMonica Lipscomb/Corp/Enron@ENRON, Yvonne
Francois/Corp/Enron@Enron, Stella L Ely/HOU/ECT@ECT, Angie
Collins/HOU/ECT@ECT, Donna Baker/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT,
Chantelle Villanueva/HOU/ECT@ECT, Betty J Coneway/HOU/ECT@ECT, Marsha
Schiller/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT, Cherylene R
Westbrook/HOU/ECT@ECT, Candace Parker/LON/ECT@ECT, Joya Davis/HOU/ECT@ECT,
Sharon Purswell/HOU/ECT@ECT, Gloria Solis/HOU/ECT@ECT, Brenda J
Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kristy Carnes/Enron
Communications@Enron Communications, Kim
Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan McCarthy/LON/ECT@ECT, Paula
Forsyth/Corp/Enron@ENRON
Subject: EGM Staff Meeting
Just a reminder that the EGM weekly staff meeting will take place on Monday,
November 6th, from 8:30 - 9:30 a.m., in video conference room EB 32C2. The
staff meetings will continue on a weekly basis on every Monday at the same
time and location unless notified otherwise.
Please let me know if you will be unable to attend. Thank you.
Cathy Phillips
X-36898
|
David,
Sounds like a safe bet.
Vince
From: David Port/ENRON@enronXgate on 05/07/2001 12:57 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Another Bet
Vince
I here you are running abook on how quickly we can implement Convolution VaR
for power and since I am up against a summer deadline for this I felt I
should take the other side.
So how about I buy you dinner if I get it done ?
Rgds
DP
|
Felix,
Please, resend me the term papers of your group, each as a separate file.
Please send it to my AOL address as well as work address.
My AOL address is [email protected]
My home phone number is 281 367 5377.
Vince
|
Dear Professor Boyle,
I shall be glad to speak at the conference on energy derivatives in May in
Toronto.
I shall call you Thursday morning (Houston time)
to discuss the details.
Vince
Phelim Boyle <[email protected]> on 03/28/2000 06:23:07 PM
To: [email protected]
cc:
Subject: Greetings
I am sorry I missed your call today.
I will be in London tomorrow night by around 11.30 (UK time)
I will be teaching on a Risk course and staying at
The Grosvenor House Hotel ;
Phone 44(0) 20 7499 6363
Fax 44(0) 20 7499 3341
It would be great if you can come to our conference
I will be happy to discuss it with you
Best Wishes
Phelim P Boyle
--
Phelim P Boyle
Director
Centre for Advanced Studies in Finance,
University of Waterloo,
Waterloo, Ontario
Canada N2L 3G1
Tel 519 885 1211(6513)
Fax 519 888 7562
|
Pavel,
A commentary on IMF policy with respect to Russia and other countries.
Stiglitz is a very bright person and I agree completely with
his points. Privately, he is even more outspoken.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:08 PM ---------------------------
[email protected] on 12/12/99 11:41:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: (no subject)
W ASHINGTON -- Joseph E. Stiglitz said Wednesday that he would
resign as the World Bank's chief economist after using the position
for nearly three years to raise pointed questions about the
effectiveness of conventional approaches to helping poor countries.
Stiglitz, who joined the World Bank in February 1997 after serving
as chairman of President Clinton's Council of Economic Advisers,
said he would leave the bank at the end of the year and would soon
return to his academic post at Stanford University.
His departure will remove from Washington perhaps the most
outspoken voice in the debate over how rich countries can best aid
economic development in poor and crisis-afflicted nations. Over the
last two years in particular, Stiglitz had antagonized officials at
the International Monetary Fund and within the Clinton
administration by criticizing their response to the financial
crisis in Asia and their strategy for encouraging the development
of democratic capitalism in Eastern Europe and the former Soviet
Union.
Stiglitz said the decision to leave had been his. Treasury
Secretary Lawrence Summers praised Stiglitz as a "major creative
and intellectual force," and administration officials said the
United States had not sought Stiglitz's removal. Caroline Anstey, a
spokeswoman for the World Bank, said Stiglitz had "absolutely not"
been forced out, and the bank's president, James D. Wolfensohn,
praised Stiglitz for having helped to move the institution "away
from the so-called Washington consensus."
But Wolfensohn has suggested in the past that Stiglitz was too
quick to second-guess the international aid agencies and the big
industrial nations that control them. "I think that his recent
things about Russia, in my judgment, are not wholly correct,"
Wolfensohn said during the bank's annual meeting this autumn. "I
think to stand back later and say, 'If you'd done it my way
everything would have been different,' is a little generous to
yourself."
Stiglitz made no secret Wednesday of feeling constrained in his
ability to speak out as freely as he wished. He said he was looking
forward to the unfettered freedom of expression afforded by his
return to the academic world.
"Whenever you're in an organization there are some pressures,"
Stiglitz said in an interview. "I felt that it was important for my
intellectual integrity to be able to express myself as forcefully
as I thought was appropriate."
A liberal with a strong belief that governments and institutions
have a significant role to play in economic development and that
market forces cannot be counted on to deal with every problem,
Stiglitz challenged the prevailing orthodoxy among policy makers in
Washington.
He said that the monetary fund went overboard in Asia in demanding
that the countries ensnared in the financial crisis cut their
budgets, arguing that fiscal austerity sometimes extracted too high
a price from poor people without generating a corresponding
improvement in international economic confidence.
He took issue with the view held by the fund and the U.S.
government that controls on the international flow of capital were
counterproductive or impractical, saying that in some cases it was
justified to restrict short-term flows of money in and out of a
developing economy. He said industrialized countries sometimes
pushed developing nations too fast to deregulate their financial
systems.
He suggested that the United States and the monetary fund had
failed to acknowledge that their prescription for Russia -- quick
privatization of state-owned industries, an end to state oversight
of the economy, abolition of price controls and an opening up to
the rest of the world -- had not produced the intended results and
indeed had left many people worse off.
"Stiglitz has been a very strong advocate for the poor and the
excluded, and he's been one of the best things in the World Bank in
the last decade," said Seth Amgott, a spokesman for Oxfam, which
promotes poverty-fighting policies. "He's also been very pointed
and insightful in discussing the role of the IMF. We're not used to
that kind of candor."
Stiglitz won few friends among economists and policy makers at the
Treasury Department and the monetary fund. But his message was
greeted enthusiastically in poor countries, and he said he was
leaving the bank feeling that he had helped to stimulate a more
vigorous debate about the policy prescriptions that wealthy nations
impose on developing countries.
"On some of the specific issues, there has emerged really a broad
consensus behind the views I took," Stiglitz said.
"There's a recognition that policies in East Asia were excessively
contractionary on the fiscal side," he continued. "There's a
recognition that capital market liberalization, in the absence of
adequate regulatory structures, exposes countries to much higher
risks. And on the debate about economies in transition, there's a
general consensus that the issues I've been raising are the right
issues, and that while no one has the answers, we're not going to
get answers until we're willing to ask the questions."
Stiglitz had told friends recently that he intended to leave, and
he informed Wolfensohn Wednesday morning of his decision.
Wolfensohn said Stiglitz would continue to act as an adviser to him
and Stiglitz would lead the search for a new chief economist.
Ms. Anstey, the bank's spokeswoman, said that asking Stiglitz to
head the search committee was a signal of the institution's
"intention to select someone who will continue the
Wolfensohn-Stiglitz agenda" of focusing more on the needs of poor
countries and less on more orthodox policies developed in
Washington.
Stiglitz said his approach was built around two basic themes:
giving more of a voice to poor nations in setting policy and
recognizing the crucial role that government must play in economic
development.
"We are rebalancing our thinking about the role of the state,"
Stiglitz said. "Some of the failures, like in East Asia, involve
cases where government did too little, like in financial
regulation, rather than too much."
|
Barbara,
I called Vlady Gorny and explained that the presentation by Jorion is not
offered
under the umbrella of the seminar sponsored by Enron and that it is a
closed meeting for the School faculty.
I don't think that Enron would open its job interviews to Rice observers
who expressed interest and I made this comment to Vlady. He is OK with this.
You can let his program director know that I have explained to Vlady
that it is a meeting for limited audience and that he does not expect to be
invited.
Please, let me know the details of the dinners.
Vince
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
01:09 PM ---------------------------
Vince J Kaminski
01/23/2001 01:06 PM
To: "Valery Kholodnyi" <[email protected]> @ ENRON
cc:
Subject: Re: The Package
Valery,
Thanks a lot. I have received the package last week.
I was traveling and I did not have time to take a closer look at it yet.
I think about a trip to Dallas sometimes in the first few days of February. I
hope you will find time for lunch. I will contact you later this week
regarding the date.
Vince
"Valery Kholodnyi" <[email protected]> on 01/22/2001 05:59:53 PM
To: [email protected]
cc:
Subject: The Package
Dear Vince,
Could you please acknowledge receipt of the package with a copy of my article
on
spikes in power prices, as well as copies of my books and some of my other
relevant articles , that I recently sent to you.
I look forward to hearing from you.
Sincerely,
Valery
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001
03:31 PM ---------------------------
Kathy Spradling <[email protected]> on 01/08/2001 10:47:27 AM
To: (Recipient list suppressed)
cc:
Subject: Spring 2001 Module and Calendar Schedule Attached
Spring 2001 Faculty,
Attached is the Spring 2001 Module and Calendar Schedules for your
review. Please note the Jones Graduate School is not following the
traditional University Calendar for Spring Break this year. If you have
any questions please contact me.
Kathy
Kathy M. Spradling
MBA Program Coordinator
Jesse H. Jones Graduate School of Management
Rice University
6100 Main Street, MS 531
Houston, Texas 77005-1892
Phone: (713) 348-3313
Fax: (713) 348-5251
Email: [email protected]
http://www.rice.edu/jgs
E-mail: [email protected]
http://www.ruf.rice.edu/~jgs/
- Spring Module 2001 Sch.doc
- Spring Module 2001 Cal.doc
|
Shirley,
Please, subscribe.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/05/2001
08:43 AM ---------------------------
"The Power Marketing Association" <[email protected]> on
04/04/2001 04:51:16 PM
To:
cc:
Subject: Platts Energy Trader-Special Rate
Dear Energy Professional:
We hope you enjoyed your recent free trial to Platts Energy Trader, which
provides comprehensive daily coverage of both electricity and natural gas
markets, along with such unique features as forward price assessments, spark
spreads and regular outage tables.
Though your trial has ended, you still have a chance to save $500 off the
regular rate of $1,995 by becoming a charter subscriber.
To subscribe, please fill out and return the attached form, or call our sales
department at 877-286-8897 or 212-904-2004; e-mail, [email protected]. Be sure
to mention the charter rate.
We look forward to hearing from you.
Sincerely,
Richard Schwartz
Marketing Director
- et040401.pdf
|
Maruti,
What about September 8, Friday?
Vince
"more" <[email protected]> on 08/25/2000 03:27:26 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Enron open positions
Hello Mr. Kaminski,
Can we meet for a quick lunch again at your
convenience? Just to bring you up to date about my search for the right
opportunity. Also I noticed in the Risk magazine that Enron Investment
Partners and AIG have joined TreasuryConnect as strategic partners to
capitalize on internet-based transaction execution of financial derivatives.
I would like to explore if I can be any help to Hank Finkenstaedt, the
Director of Enron Investment Partners.
Please let me know what day and time might be
convenient for you.
Thank you.
Sincerely,
Maruti More
832-251-7267
[email protected]
-----Original Message-----
From: more <[email protected]>
To: Vince J Kaminski <[email protected]>
Date: Monday, July 10, 2000 11:28 AM
Subject: Enron open positions
Dear Mr. Kaminski:
I would like to explore the opportunity to join
Enron Investment Partners. I understand that Enron has $20 million fund set
up to finance start-ups, and Gene Humphreys and his assistant John Godbold
are trying to attract minority -owned start-up firms. I also learned that
Enron has plans to increase the size of this fund to $200 million. I can find
these opportunities for Enron around the Globe. Given my background as a
Chartered Financial Analyst, with hands-on experience in investment
management covering financial derivatives, fixed income, and equity, I can be
a valuable resource to do the due diligence, origination, valuation, and
monitoring of these start-ups. Would you please help me arrange a meeting
with either Gene Humphreys, Ted Murphy, or may be Ken Lay?
I am pasting below the job opportunities open at Enron. I am also interested
in these positions and would like to meet with the hiring manager.
I will give you a call to follow up.
Thank you.
Sincerely,
Maruti More
832-251-7267
job 0000104282 details
MANAGER/DIRECTOR
ESSENTIAL FUNCTIONS: Candidates will be responsible for helping
facilitate the transaction approval process for domestic and international
investments. These investments include, but are not limited to, private
equity, project development, venture capital, and structured credits.
Candidates will work with business developers and underwriters in
identifying, understanding, and documenting transaction risks. They will also
assist in preparing transaction approval documentation. In addition, they
will oversee the valuation, modeling, and simulation process for investments.
The primary focus is to identify and measure key risk factors from both a
quantitative and a qualitative perspective with an emphasis on fundamental
analysis. The candidate must be able to assist in management and training of
departmental staff and in formulation of investment valuation policies and
procedures.
ESSENTIAL REQUIREMENTS: ? Strong interpersonal skills ?
Understanding of transaction structuring and credit risk issues ?
Understanding of finance and valuation methodologies. ? Proficiency with
Excel cash flow models ? Experience with financial statement analysis ?
Understanding of statistics and simulation techniques (Monte Carlo).
PREFERRED SKILLS: NA.
SPECIAL CHARACTERISTICS: The ideal candidate will possess an
undergraduate degree in finance, accounting, or economics, and an MBA.
Relevant experience could include credit analysis or valuation/finance
experience. Manager/Director in the Risk Assessment department of a $20
billion energy company.
CONTACT: PLEASE EMAIL RESUMES TO [email protected], PLEASE
REFER TO JOB NO.104282 WHEN RESPONDING.
Job ID 0000104282
Department CAPITAL PRICING / RISK AN
Company CORPORATE STAFF
RISK ASSESSMENT AND CONTROL
Location HOUSTON, TX
Type
Posting date 05-JUN-00
To submit your resume for this position:
Online Enter your resume ID: No Resume ID? You can create a
resume on-line, deposit it in our database, and receive a Resume ID using our
Resume Builder.
Your Resume ID will allow you to submit your resume
once, but route it to up to 20 open positions.Enron does not process resumes
that are not sent in response to specific positions.
If you have an existing resume in electronic format,
the Resume Builder allows you to cut and paste your whole resume.
Fax Our fax number is 1-888-588-7152.
You must tell us which jobs you're interested in, or
we will not be able to process your resume.Write on your resume (or on a
separate page) all of the jobs IDs of the jobs you're interested in pursuing.
An Equal Opportunity and Affirmative Action Employer
--------------------------------------------------------------------
Top of page Copyright 1997-1999 Enron Corp. All rights
reserved. Contact us.
job 0000104281 details
STAFF/SPEC/SR SPEC
ESSENTIAL FUNCTIONS: "SNAPSHOT" preparation - Responsible for
preparation of quarterly asset "snapshots" which provides Enron's Senior
Management with summarized operational and financial information on selected
merchant portfolio investments. Responsibilities associated with preparation
of snapshots include: researching publicly traded companies, calculating key
financial data, updating and analyzing graphical summaries of performance,
reviewing press releases for recent events data, updating stock prices from
Bloomberg ? WEEKLY UNDERWRITERS REPORT - Full responsibility for updating and
distributing weekly Underwriters' Report. Involves regular interaction with
Executive Vice President, London office personnel, as well as several Vice
Presidents within Underwriting Group within RAC. ? VARIOUS PROJECTS - will be
utilized on special projects on an as needed basis
ESSENTIAL REQUIREMENTS: Accounting/Finance/Economics Degree with
0 - 4 years business experience. Excellent computer skills - EXCEL,
POWERPOINT, Bloomberg, Word Research skills and the ability to interact with
a variety of personnel and departments. Excellent organization skills. Self
starter, quick learner. Must be team player. Good writing skills with the
ability to concisely summarize operational and financial results.
PREFERRED SKILLS: NA.
SPECIAL CHARACTERISTICS: . Entry level position with the
opportunity to gain familiarity with all of Enron's portfolio assets. Future
advancement in asset and portfolio management possible for candidate who
exhibits competence and creativity.
CONTACT: PLEASE EMAIL RESUMES TO [email protected], PLEASE REFER
TO JOB NO. 104281 WHEN RESPONDING.
Job ID 0000104281
Department DUE DILIGENCE/ASSET MGMT
Company CORPORATE STAFF
RISK ASSESSMENT AND CONTROL
Location HOUSTON, TX
Type
Posting date 05-JUN-00
job 0000102789 details
SR SPECIALIST
ESSENTIAL FUNCTIONS: In this position candidates will model, run
monte-carlo simulations, evaluate capital investments. These investments will
cover a wide range. Candidates will be responsible for the validation of
models as well as insuring the accuracy and integrity of the model and
underlying assumptions. The primary focus will be to provide an objective
valuation for an investment by identifying and measuring key risk factors
from both a quantitative as well as qualitative perspective. ? Understanding
of valuation techniques applied to equity or structured financial products. ?
Understanding of cash flow models and option pricing models. ? Proficiency in
Excel. ? Understanding of project finance and risk mitigation techniques. ?
Experience with financial statement analysis and Pro Forma Statements. ?
Understanding of statistics and application to financial analysis.
ESSENTIAL REQUIREMENTS: NA.
PREFERRED SKILLS: ? Understanding of simulation methodologies
such as MonteCarlo. ? Exposure to statistical analysis software such as
Crystal Ball or @Risk. The ideal candidate will possess an undergraduate
degree in finance, accounting, or economics and have 2 to 3 years of
financial modeling experience and an MBA/CPA.
SPECIAL CHARACTERISTICS: NA.
CONTACT: PLEASE DO NOT CONTACT THE HIRING MANAGER. PLEASE NO
FAXES. Send resumes via e-mail to [email protected] or mail to Enron, attn:
TVasut - EB3628, 1400 Smith St., Houston, TX 77002. Please refer to job #
102789
Job ID 0000102789
Department CAPITAL PRICING / RISK AN
Company CORPORATE STAFF
RISK ASSESSMENT AND CONTROL
Location HOUSTON, TX
Type
Posting date 17-MAR-00
- att1.htm
|
Steve,
I shall talk to Anjam about it. Our impression here in Houston is that Thomas
is quite qualified
and we are very interested in him. A few days will not make much difference
in the hiring process.
Vince
Steven Leppard
04/17/2000 03:50 AM
To: Dale Surbey/LON/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Thomas Knudsen
Dale, Vince
As you all know I have attempted to get Thomas Knudsen interviewed as a
result of Prof Lane Hughston's recommendation (Lane is an acquaintance of
Vince and me, and is a very senior figure in the world of quant finance).
Anjam vetoed the idea of interviewing Thomas since he was "too old and too
experienced". Since I felt that Thomas has some merit, I asked Houston to
have an informal chat with Thomas. Houston wish to pursue the interview
process further, and Anjam has set about setting up the interviews. I'm
somewhat concerned about the way in which Anjam is going about this, since it
seems he's trying to put up barriers to these interviews.
I received a concerned email from Thomas Knudsen this morning in which he
recounts some strange conversations with Anjam. He says he received a call
from Anjam on Thursday (13th April) evening (outside office hours), asking
how he got his CV into Enron (I'd shown Anjam the email and CV back in early
February), and how Anjam could contact him (despite the fact he was
contacting him at that moment).
Anjam then called Thomas on his work number (bad form) on Friday 14th asking
Thomas to come in for interviews on Monday (one working day's notice).
Thomas told Anjam he was going on holiday on Wednesday of this week, and that
he'd have to see if he could make time given the need to tidy up some things
at work. He said he'd contact Anjam on Monday (today) to confirm his
availability.
Today (17th April) Thomas called Anjam to say he couldn't make it, and that
he wouldn't be able to make it for two weeks (not so serious, he thought,
given that we're losing time to Easter anyway). Anjam told Thomas that the
position might be filled in two weeks' time.
Thomas is concerned about missing the boat, and I for one didn't even realise
it was leaving so soon!
Can anyone shed any light on this?
Steve
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2001
04:35 PM ---------------------------
[email protected] on 01/31/2001 04:19:52 PM
To: [email protected]
cc:
Subject: Reactions Log-In Password
Http://www.reactionsnet.com
Dear Reactions subscriber,
You are entitled to free access to the Reactions website.
Here is your username and password (Case sensitive) to use this service. You
can use them to access the latest issue of Reactions on the web whenever you
wish. You can also search the extensive archive of back issues and contact
us via email.
USERNAME= Kaminski
PASSWORD= 105006
Web address = Http://www.reactionsnet.com
Please keep them in a safe place as you will need them every time you log on.
If you have any problems in logging on or using this site please feel free to
contact our dedicated help desk - Telephone number +44 (0) 20 7779 8006 or
email [email protected]
|
Grant,
Did Li Xiao refer Alex to us?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/15/2000
08:57 AM ---------------------------
Linda Vargo
02/14/2000 02:39 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Referral
Can you advise as to whether or not Li Xiao referred Alex to you last
summer. I need to know this in order to process
an employee referral (under old plan) for her.
---------------------- Forwarded by Linda Vargo/HOU/ECT on 02/14/2000 02:39
PM ---------------------------
Li Xiao@ENRON
02/14/2000 11:19 AM
To: Linda Vargo/HOU/ECT@ECT
cc:
Subject: Re: Referral
Hi, Linda,
I wonder if you heard from Vince Kaminski regarding my referral for Alex
Huang.
Thanks,
Li x39635
---------------------- Forwarded by Li Xiao/Corp/Enron on 02/14/2000 11:12 AM
---------------------------
Linda Vargo@ECT
01/17/2000 04:29 PM
To: Li Xiao/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: Referral
I am waiting for feedback from Vince Kaminsky. As soon as I know something,
I will advise.
|
Greg,
As you may know, Brad Romine's dot.com venture fell apart.
The offer from Enron looks much better now. I have arranged for him
a number of different interviews (including one with you). I think we should
not be too
punitive and give him the 2nd chance. I am also setting up for him interviews
with RAC
and EBS and he should be able to negotiate a good first rotation.
Please, give me a call if you have any other question.
Vince Kaminski
|
Bryan,
I shall call you later today when I have a chance to read the message from
Ben.
I wanted to ask you for a favor (on a very short notice). We are talking to
the Wharton School
about setting up a relationship with them and getting involved in one or
more research projects
with them.
One of the potential topics is emerging technologies. The Wharton offers a
symposium in Paris on June 10
on High Tech Acquisitions and it would make a lot of sense if you
(or somebody from London you could identify) could attend and help us to
evaluate the usefulness
of this project.
I am enclosing the message from the person in Wharton running this program.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/05/2000
09:08 AM ---------------------------
[email protected] (Michael Tomczyk) on 05/18/2000 10:56:08 AM
To: [email protected]
cc: [email protected]
Subject: Wharton Event-June10-Insead
Vincent,
It was truly a pleasure getting to know you in our meeting yesterday, and I
look forward to the prospect of exchanging views in the future on a variety
of topics pertaining to emerging technologies.
Per our discussion, I've enclosed three files that include an invitation,
agenda and rsvp form for the June 10 symposium on High Tech Acquisitions at
Insead. If you or the individual(s) who will be attending have any
questions, please email: Phanish Puranam at: [email protected] or
you can call him at 215-898-1231.
This initiative will be expanded during the coming year and I believe that
Enron's involvement will give the company access to some of the early
research in progress as it unfolds, and of course, if you become involved
as a partner in the Emerging Technologies Program you would have
opportunities to help guide the direction of the research which is one of
the partnership "benefits."
Our next upcoming events are scheduled for:
Friday, September 8
"WHAT NEXT ON THE INTERNET?"
This is a faculty update day with industry partners also invited.
We will co-sponsor this with Wharton's major e-Business initiative.
Major issues addresses include "New Economics of the Web" and
"Internet, Anywhere."
Friday, October 20
"FIRST MOVER ADVANTAGE, SHAKEOUTS & SURVIVAL STRATEGIES"
Designed by the ET core group and
presented in collaboration with the e-Commerce Forum.
As I indicated during our discussion, participation in the Emerging
Technologies Management Research Program is by invitation and on behalf of
our core faculty, I am pleased to extend an invitation for Enron to join
the program.
To assist in your decision, we recommend having a representative attend the
symposium in Paris on June 10 to "test drive" the program.
I'll send you a formal invitation which you are free to accept at your
convenience, should you agree that Enron's participation in the ET Program
would be of value.
Please call or email if you have any comments or questions.
best regards,
Michael
- Insead workshop Invitation lett - Insead Workshop Agenda1.doc - RSVP
form.doc
Michael S. Tomczyk
Managing Director
Emerging Technologies Management Research Program
1400 SH-DH/6371
The Wharton School
Philadelphia, PA 19104-6371
Tel 215-573-7722
Fax 215-573-2129
|
Quentin,
Thanks for your message. We are always looking for new employees
with the right skills.
Please, send me your resume and I shall determine what is the best
way to arrange an interview. We can interview you in Sydney and then
bring you to Houston for another round of interviews.
Vince
"qkerr" <[email protected]> on 07/30/2000 07:20:28 PM
To: "Vincent Kaminski" <[email protected]>
cc:
Subject: message 1
Dear Dr. Kaminski
This is Quentin Kerr from Australia, I just came back from the Sydney's
conference. Glen Dixon has told me that you are interested in my work. It is
always my honor to work with you. I am currently a PhD student at the
mathsmatics department of the university of Queensland (aiming to finish my
thesis at the end of this year). My research interest is financial
mathematics, in particular, energy market modeling and derivatives pricing.
Now I send you copies of my first paper (submitted to the Applied
mathematical finance) and my talk (the full version of the academic paper
will be available in 2 weeks). Any comment will be appreciated.
PS: attached with the talk at the conference.
Best regard
Quentin
---------------------------------
Quentin Kerr, email: [email protected]
Room: 67-622 Tel: (07)33461428
Department of Mathematics, The University of Queensland
- con1.ppt
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/05/2000
10:53 AM ---------------------------
Stinson Gibner
01/05/2000 08:39 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, Vasant
Shanbhogue/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Joseph
Hrgovcic/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Tanya
Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Jason Sokolov/HOU/ECT@ECT,
Vincent Tang/HOU/ECT@ECT, Alexios Kollaros/HOU/EES@EES, Ravi
Thuraisingham/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT, Maureen
Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo Issler/HOU/ECT@ECT, Ross
Prevatt/HOU/ECT@ECT, Michael Sergeev/HOU/ECT@ECT, Patricia
Tlapek/HOU/ECT@ECT, Farouk Lalji/HOU/ECT@ECT, Roman Zadorozhny/HOU/ECT@ECT,
Samer Takriti/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Martina
Angelova/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex
Huang/Corp/Enron@ENRON, Ronnie Chahal/HOU/EES@EES, Kevin
Kindall/Corp/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT, Clayton
Vernon/Corp/Enron@ENRON
Subject: Re: Research Group "Millenium" Party -- Address Correction
Here is a party invitation with updated address. The party will be at 3421
Cason. This is 2.5 blocks West of Buffalo Speedway and 1 Block north of
Holcomb (
Bellaire) Blvd.
Directions from major freeways:
From Southwest Freeway (59):
Exit on Buffalo Speedway and go south. (Greenway plaza is on the north side
of the freeway.)
Pass through stoplights on Bissonette, Sunset, Rice, and University.
Turn right on Cason (the last small street before the next stoplight, which
is at Holcomb Blvd.)
House is on your left in 2.5 blocks.
From West Loop 610 :
Exit on Bellaire Blvd. and go east (inside the loop).
After you pass the stoplights at Auden and at Edloe street, start watching
for JiffyLube on your right.
When you near JiffyLube, turn LEFT onto Sewanee Street.
At first intersection, turn Right onto Cason
House is on your right.
If you miss the turn at JiffyLube, just turn LEFT at the stoplight at
Buffalo and turn left again onto Cason.
|
>> The Year is 1960.
>>
>> JFK wins the election because he receives
>>
>> 1 MORE VOTE per precinct in Illinois (8,858 votes)
>> 3 MORE VOTES per precinct in Missouri (9,880 votes)
>> 3 MORE VOTES per precinct in New Jersey (22,091 votes)
>>
>> Without those 40,829 votes, the election goes to Nixon.
>>
>> YOUR VOTE DOES MATTER.
>>
>> Experts say this will be the CLOSEST election since 1960.
>> We agree.
>>
>> What can YOU do about it? Join the Bush E-Train!
>> (1) Forward this e-mail to your friends and colleagues
>> (2) Then click on the link below and enter your e-mail:
>> http://www.georgewbush.com/bn.asp?PageMode=FrontPageSignUp
>>
>> OUR GOAL:
>> 2,000,000 e-mail addresses to SPREAD THE WORD
>> and GET OUT THE VOTE.
>>
>> Be a part of history, get on the Bush E-Train and join
>> what will become one of the LARGEST GRASSROOTS
>> MOVEMENTS EVER.
>>
>> MAKE THE DIFFERENCE! and receive the e-mail on
>> Nov. 8 that says, "PRESIDENT-ELECT GEORGE W. BUSH
>> THANKS YOU."
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>>
>> _____________________
>>
>> Paid for by Bush-Cheney 2000, Inc.
>> http://www.georgewbush.com
>>
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/12/2001
04:33 PM ---------------------------
Shirley Crenshaw
03/12/2001 01:25 PM
To: [email protected]
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Vince's Itinerary - Wednesday, 3/14/01
Hello Ludmilla:
Attached is Vince's itinerary for his Wednesday trip to California.
|
John,
Bill Bradford is on vacation. I passed your question regarding EXMAR credit
rating
to Debbie Brackett.
Vince
|
Kim,
I talked to Dale early this morning and suggested that we meet during his
next trip to Houston
when we decide on timing of our project.
Vince
From: Kimberly Watson/ENRON@enronXgate on 05/01/2001 08:41 AM
To: Vince J Kaminski/HOU/ECT@ECT, Eric Gadd/ET&S/Enron@Enron
cc:
Subject: FW: FW: Get Together This Coming Tuesday?
Vince,
If Dale comes in to see you, it looks like Eric might be available to meet
with you as well. It would be a good opportunity for Eric to meet Dale and
get a little more information on his model. Eric's phone number is X54713.
Thanks,
Kim.
-----Original Message-----
From: Gadd, Eric
Sent: Monday, April 30, 2001 8:12 PM
To: Watson, Kimberly
Subject: Re: FW: Get Together This Coming Tuesday?
Works for me. Give me a call at 9:30.
From: Kimberly Watson/ENRON@enronXgate on 04/30/2001 05:09 PM
To: Eric Gadd/ET&S/Enron@Enron
cc:
Subject: FW: Get Together This Coming Tuesday?
Eric, FYI. Kim.
-----Original Message-----
From: Kaminski, Vince
Sent: Monday, April 30, 2001 5:07 PM
To: [email protected]
Cc: Watson, Kimberly; Kaminski, Vince
Subject: Re: Get Together This Coming Tuesday?
Dale,
Please, call me on Tuesday. My morning schedule is full but I am open in the
afternoon.
Vince
"Dale M. Nesbitt" <[email protected]> on 04/30/2001 01:51:21 AM
Please respond to <[email protected]>
To: "Vincent Kaminski" <[email protected]>, "Kimberly S. Watson"
<[email protected]>
cc:
Subject: Get Together This Coming Tuesday?
Vince/Kim:
I am flying to Houston tonight and wondered if it would fit one or both of
your schedules to get together this coming Tuesday sometime for 1/2 hour or
so. I really want to reinitiate the conversations MarketPoint was having
with John Goodpasture and you, and he said either or both of you were the
right people to continue after his responsibility shift. John was quite
positive about the idea of Enron acquiring MarketPoint NARG through license,
and he implied that one or both of you would be carrying the ball in that
direction after he handed it to you.
Would this coming Tuesday morning at 930 am be a good time for you guys? If
so, please give me an email shout at the above address or leave a message on
my voicemail at (650)218-3069. I think you will be truly impressed with the
scope and progress we have been able to make with both the short run NARG
and the long run NARG in which you were interested (not to mention our power
model). The progress is noticeable since you saw it. Both long and short
term NARG are having quite an impact on a number of gas decisions at the
moment ranging from Venezuelan LNG, North American LNG import terminals and
term, gas basis calculations, trading support, power plant development,
gas-to-power price spreads in key markets, veracity of heat rate trades,
bank financings, storage field evaluation, and which new pipelines we can
expect to see enter and which are dogs.
I really hope we can fit it in and get our discussions moving in a mutually
productive direction again. I think NARG can help you become even more
successful, and I look forward to working with you.
We have a new office address and new phone number as well. (We move in May
1.)
Altos Management Partners
95 Main Street, Suite 10
Los Altos, CA 94022
(650)948-8830 voice
(650)948-8850 FAX
(650)218-3069 Cellular
Give the phones a week or so to get "debugged" and then switch over.
Dale
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/16/2000
05:38 PM ---------------------------
"NW Security and Bug Patch Alert" <[email protected]> on
03/14/2000 02:50:13 AM
Please respond to "Security and Bug Patch Alert Help" <[email protected]>
To: <[email protected]>
cc:
Subject: 'South Park' virus on the loose
NETWORK WORLD FUSION FOCUS: JASON MESERVE on
SECURITY AND BUG PATCH ALERT
TODAY'S FOCUS: 'South Park' virus on the loose
03/13/00
Dear Wincenty Kaminski,
Today's Focus: 'South Park' virus on the
loose
---------------------------------------------------------------
By Jason Meserve
It's been a year since the infamous "Melissa8 virus downed e-mail
systems nationwide and caused some panic in the general Internet
populace. In the year since, we have a number of copycats and variants
of Melissa invading our e-mail systems, though not to the same extent.
Now, the e-mail virus du jour is the "South Park" virus, named after
the animated series on Comedy Central. The South Park virus, known in
security circles as W32/Pretty.worm.unp, attempts to send itself to all
the addresses listed in an infected user's Outlook address book every
thirty minutes. By doing so, the virus causes an "e-mail storm" that
can bog down and crash network servers attempting to relay the flurry
of mail. South Park appears to come from a known user and contains an
icon featuring Kenny, one of the characters from the show.
Security software maker Finjan Software has reported seven variants of
the South Park virus, which itself is a variant of the PrettyPark virus
that made the rounds a few weeks earlier.
For more information on South Park and its variants:
http://www.nwfusion.com/news/2000/0306southpark.html
http://www.finjan.com/attack_release_detail.cfm?attack_release_id=32
Before we get to the latest alerts, two other resources to check out:
1. The Shmoo Group, a security consultancy, has written a paper entitled
"How to Write Secure Code." It can be found at:
http://www.shmoo.com/securecode/
2. Eric Knight of Security Paradigm has written an online book entitled
"Computer Vulnerabilities." The book looks into how hackers exploit
vulnerabilities and what methods they use. Knight's book is available in
PDF format at:
http://www.securityparadigm.com/compvuln_draft.pdf
Now on with the latest alerts and patches:
W97M/Melissa.AO virus
Computer Associates is reporting a new version of the Melissa
macrovirus that could be making the rounds. This one disables the
Tools/Macro command bar, Virus Protection, SaveNormalPrompt and
ConfirmConversions options in Microsoft Word. It also makes a couple of
changes to the Windows registry. Like the original Melissa, this
version replicates itself to the first 25 users in the Outlook address
book.
http://www.ca.com/virusinfo/
***********
Microsoft had a busy week, releasing three patches covering a variety
of problems:
1. Patch available for "Registry Permissions" vulnerability.
It seems as if the security on a couple of registry settings in Windows
NT 4.0 is not as secure as the Redmonians first thought. This patch
fixes the problem, which could let a malicious user gain additional
privileges on a system they are logged into.
http://www.microsoft.com/technet/security/bulletin/fq00-008.asp
2. Patch available for "SQL Query Abuse" vulnerability.
This patch for Microsoft SQL Server 7.0 and Microsoft Data Engine 1.0
plugs a hole that could enable a remote user to author malicious SQL
queries that allow the user to take unauthorized actions against on the
database or underlying operating system.
http://www.microsoft.com/technet/security/bulletin/fq00-014.asp
3. Patch available for "Clip Art Buffer Overrun" vulnerability.
A feature in Microsoft Office that lets users download and install clip
art from the "Microsoft Clip Art Gallery" has a potential hole. Using a
very long embedded field in the clip art files, a malicious user could
crash or even execute code on the system where the clip art file is
downloaded.
http://www.microsoft.com/technet/security/bulletin/fq00-015.asp
***********
Red Hat releases nmh packages
Following up a vulnerability that was reported here last week, Red Hat
has released new nmh packages. A vulnerability in the previous nmh
releases allowed specially formed MIME headers to execute code using
nmh's 'mhshow' utility.
http://bugzilla.redhat.com/bugzilla/show_bug.cgi?id=9921
***********
Network file resource vulnerability
Eric Hacker of Lucent,s NetworkCare division is reporting that
applications running in Windows could provide remote access to user name
and password information. Hacker warns that programs such as Internet
Explorer, Eudora, Word and Outlook running on default configurations of
Windows can be duped into sending a user name and password information
to unsuspecting users. Though this information may be encrypted, it is
easily crackable, Hacker reports.
For more information:
Windows 95:
http://support.microsoft.com/support/kb/articles/Q165/4/03.ASP
NT 4.0:
http://support.microsoft.com/support/kb/articles/Q147/7/06.asp
Win2000:
http://support.microsoft.com/support/kb/articles/Q239/8/69.ASP
***********
Password problem in SBC DSL routers
A Kewlhair Security advisory reports that routers being used in SBC
Communications' digital subscriber line service are being installed
without a password. Kewlhair reports that engineers are failing to set
the passwords during installation at customer sites. SBC is using
Cayman DSL routers.
For more information on how to set the password:
http://cayman.com/security.html#passwordprotect
***********
Astar application vulnerability
TESO, "crew of coders and freaks who care mostly about network and Unix
security," are reporting a hole in the astar application that ships with
the Halloween 4 Linux distribution. Malicious users could use the
application along with obscure command-line code to gain root access.
Vendor Web site:
http://www.halloween-linux.de/
***********
Vulnerability in StarScheduler
S.A.F.E.R. is reporting a vulnerability in StarScheduler, the groupware
server that comes with Sun,s StarOffice product. The underlying Web
server used by StarScheduler is vulnerable to remote execution of code
and root access, according to the S.A.F.E.R. advisory. Sun has yet to
release a patch.
http://www.safermag.com/advisories/0007.html
***********
To contact Jason Meserve:
-------------------------
Jason Meserve is a staff writer with Network World, covering search
engines, portals, videoconferencing, IP Multicast and document
management. He also oversees the "Security Alerts" page on Fusion
(http://www2.nwfusion.com/security/bulletins.html). Jason can be reached
at mailto:[email protected].
*********************************************************
Subscription Services
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Other Questions/Comments
Have editorial comments? Write Jeff Caruso, Newsletter Editor, at:
mailto:[email protected]
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at: mailto:[email protected]
Network World Fusion is part of IDG.net, the IDG Online Network.
IT All Starts Here:
http://www.idg.com
Copyright Network World, Inc., 2000
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
04:06 PM ---------------------------
Kate Lucas
12/22/2000 02:27 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Vasant Shanbhogue/HOU/ECT@ECT, Nelson Neale/NA/Enron@Enron, Mauricio
Mora/NA/Enron@Enron
Subject: interim report to Gary Hickerson for ag trading
Vince,
Please find attached the interim report on agricultural commodity trading for
Gary Hickerson. Your comments are welcome as we would like to send this to
Gary as soon as possible.
Regards,
Kate
ext 3-9401
|
Shirley,
Impressive. Plz, send one also to Liz and Greg.
Vince
Shirley Crenshaw
02/08/2000 11:59 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Research Family Outing and Volleyball Game
Hello everyone:
Start practicing! We are going to have an outing and volleyball game for
the Research employees and their families!.
Details are as follows:
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000
06:10 PM ---------------------------
Christie Patrick
10/11/2000 11:26 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Tiger Team
Hi Vince!
Attached is Part 1 for the "Tiger Team" Application. NB: Can Shirley please
fill in your fax number?
Thanks!
--Christie.
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/07/2001
05:43 PM ---------------------------
Tom Halliburton@ENRON
03/07/2001 04:37 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Chonawee Supatgiat/Corp/Enron@Enron
Subject: LP Storage Model documentation
Vince - here's the documentation for the storage models.
Tom
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
09:31 PM ---------------------------
Vince J Kaminski
04/13/2001 02:52 PM
To: [email protected]
cc:
Subject: Btu Weekly
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
08:53 AM ---------------------------
"Btu" <[email protected]> on 04/12/2001 04:34:20 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly
Attached is the latest issue of Btu Weekly.
e-mail: [email protected]
phone: 732-758-8222
fax: 732-758-8286
- wg041601.pdf
|
Anne,
Thanks.
Vince
From: Anne Labbe/ENRON@enronXgate on 04/20/2001 01:31 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Sevil Yamen
Good news, I finally received the memo from legal that accompanies project
bonuses. I have left Sevil a voice mail to contact me at her earliest
convenience. Sevil should receive this payment on April 30th.
|
Yannis,
It makes a lot of sense to get this info.
Also, You are welcome to make a presentation to the group this Thursday at
lunch.
Please, call Shirley Crenshaw (X3-5290) to coordinate and order sandwich
you would like to have.
Vince
Joe, Can you, please, babysit this presentation (make sure we have all the
audiovisual
equipment we need, etc.).
Vince
Yannis Tzamouranis
03/28/2000 02:50 PM
To: Yannis Tzamouranis/HOU/ECT@ECT
cc: (bcc: Vince J Kaminski/HOU/ECT)
Subject: Is this data of interest to any of you?
FYI:
The following file describes the contents of the Monthly Energy Review
(Application, Current, and Historical).
The data is available through a DoE site and we can get it for free and
incorporate it in the LIM database, if there is interest.
Review the attached file (look for keywords of interest) and let us know
whether need dictates loading these datasets.
For the
Market Analysis and Infomration Management Group,
Yannis C. Tzamouranis
ENRON IT
|
Sam,
One more minor change. This is the last version.
Vince
Enron North America Corp.
From: William Smith @ ENRON 07/31/2000 09:10 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Technical Corner
Very well! Here is the text of Brad's bio piece.
-----------------
I began working for the Research Group here at Enron in mid-May as a summer
intern. I started work back-testing storage models immediately after the
Spring semester, and I have enjoyed every minute since then.
I am pursuing a B.S. and a professional Masters degree in Chemical
Engineering at Rice University, and plan to graduate with both degrees next
May. I went to a small high school in Fort Worth, and Rice was the perfect
place to go from there because of its size and location. I have taken
primarily chemistry, biochemistry, and engineering courses while at Rice, and
during the past summers I have worked in chemistry research labs in Fort
Worth.
Outside of work and school, I am an avid baseball fan and appreciate good
music and cooking (though my cooking can at times be unpredictable.) I have
grown to love Houston as a city, and though I,ll never concede that it is
better than my hometown of Fort Worth, it has been a great place in which to
go to school and work.
Since my education thus far has been somewhat limited to Chemical
Engineering, I have valued this opportunity to work in the Research Group,
both as a chance to use engineering techniques that I have learned, and to
learn more about the business world than I would have by simply taking
economics classes. I am not certain what I will do upon graduating from
Rice, but my experience here has taught me that my opportunities are much
greater and better than I had previously thought.
-----------------
Sam
Vince J Kaminski@ECT
07/31/2000 08:58 AM
To: William Smith/Corp/Enron@ENRON
cc:
Subject: Re: Technical Corner
Sam,
I asked Stinson to review it. U should have it in 15 minutes.
Please, shoot me the column.
Vince
Enron North America Corp.
From: William Smith @ ENRON 07/31/2000 08:44 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Technical Corner
Good Morning, Vince!
Please pardon the brief interruption, but how is the article coming?
Sam
|
Julie,
Enron location makes more sense. No reason to pay for the hotel.
Also, I think that one day makes more sense.
I contacted the weather desk about including other people at the training
course. I think that they would be interested if they got a good discount.
Vince
"Julie" <[email protected]> on 02/16/2001 09:39:37 AM
Please respond to "Julie" <[email protected]>
To: <[email protected]>
cc:
Subject: Re: weather course
Vince,
?
Great.? Just to let you know, we decided not to wait on the indecisive ones,
and postponed the open course.? It's yours, whatever you want:? 1 day
(specific to what you feel will be of the most benefit), 2 days, Hyatt or
Enron, or not at all.? I hope this doesn't cause problems for you.? Special
deal, for sure.? I owe my godfather.
?
Julie
?
?
----- Original Message -----
From: [email protected]
To: Julie
Cc: [email protected]
Sent: Thursday, February 15, 2001 3:16 PM
Subject: Re: weather course
Julie,
That's definitely an option.
We can provide the room. Maybe we can cut with you a special deal for Enron
and increase the # of people attending. I am forwarding your message to
our weather desk.
Vince
Joe,
What do you think about it?
Vince
"Julie" <[email protected]> on 02/15/2001 08:20:24 AM
Please respond to "Julie" <[email protected]>
To:?? "VinceJKaminski" <[email protected]>
cc:
Subject:? weather course
Vince,
We just wanted to let you know that we only have 3 people signed up for the
weather derivatives course (all from Enron) so far. We have a couple more
that have expressed strong interest, but we are awaiting their final
decision. If no one else signs up, Chris and Les thought that you guys
could probably get through the first day pretty easily, and thus thought it
may be an option to teach just the 2nd day material (pricing) only at Enron
(doing it at the Hyatt is an option as well but the room might be on the
large? side)? We would obviously reimburse you for the day not taught. We
can teach both days as well, but thought you may want to save some time.
I just wanted to give you some time to think about it. We will know? where
we stand on final numbers by next Wednesday.
Julie
|
Naveen,
Most of these tests have been already coded. The code and the associated
spreadsheets may have been lost inn the sands of time. Please, check with
Vasant: it may save you some time.
Vince
Naveen Andrews@ENRON
08/23/2000 05:51 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Backtesting
Vince,
I am currently implementing the backtesting features into our
Risk Management system. I distributed the following document at our research
meeting today; it outlines the conventional binomial test and some other
tests, including the Basle regulatory test. Of course, no one test is
powerful and the efficacy of these tests breakdown for low sample sizes,
etc. If you can think of other tests to complement these, please let me know.
Regards
Naveen
|
John,
The phone number for Ken Lay is (713) 853-6773.
My recommendation is to call Mark Palmer first and discuss the book
with him. His recommendation will open the door. I shall mention this to him
as well. Mark's phone number is (713) 853-4738.
Vince
"John D. Martin" <[email protected]> on 03/30/2001 12:12:50 PM
To: [email protected]
cc:
Subject: Good morning/afternoon
Vince,
one of my colleagues here at Baylor is writing a book about "the business
of heaven" in which he interviews prominent business leaders. Bob Darden
is his name and he's a former journalist and nice guy. He would like to
contact Ken Lay about being one of his interviews. Do you think this is
possible? If so, could you give me an address/phone numbers that Bob might
use to contact Ken's secretary about setting up an interview?
If this is in any way "not ok" please just say so.
See ya,
John
>Date: Fri, 30 Mar 2001 11:35:03 -0600
>From: Robert Darden <[email protected]>
>Subject: Yo!
>X-Sender: "Robert Darden" <[email protected]> (Unverified)
>To: [email protected]
>Organization: The Door
>X-Mailer: Mozilla 4.04 [en]C-FLASHNET (Win95; I)
>
>Hi John -- I enjoyed our meeting yesterday. This looks VERY promising.
>Meanwhile, as I mentioned at the table, I'm getting a little nervous
>about the book that is due June 1.
>One of the names on our "wish" list of interviewees for "The Business of
>Heaven" is Ken Lay at Enron.
>Would it be possible for you to give me a good address and phone number
>for Mr. Lay's office?
>And may I mention your name in the cover letter?
>I would be forever indebted. I might even buy the next lunch.
>Bob
>P.S. Thanks for sharing your concerns about church yesterday, too. I'm
>genuinely sorry things didn't work out better and feel more than a
>little embarrassed that I didn't work harder to make you guys feel more
>welcome and connected. On the other hand, please know that Mary and I
>will always love you and consider you both friends. I know you'll be
>happy at Lake Shore -- even as we miss you at 7th!
>
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
[email protected]
web: http://hsb.baylor.edu/html/martinj/home.html
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
09:31 PM ---------------------------
Vince J Kaminski
04/13/2001 02:51 PM
To: [email protected]
cc:
Subject: Btu's Weekly Power Report
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
08:52 AM ---------------------------
"Btu" <[email protected]> on 04/12/2001 04:50:25 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report
Attached is the latest issue of Btu's Weekly Power Report
e-mail: [email protected]
phone: 732-758-8222
fax: 732-758-8286
- wp041601.pdf
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001
12:45 PM ---------------------------
Anita DuPont@ENRON
04/24/2001 10:26 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vasant
Shanbhogue/HOU/ECT@ECT, Nelson Neale/NA/Enron@Enron,
[email protected], Martin Lin/HOU/ECT@ECT, Tom Barkley/NA/Enron@Enron
cc:
Subject: FW: STS98 Launch Plume
Thought you guys might enjoy the attached picture. Anita
---------------------- Forwarded by Anita DuPont/NA/Enron on 04/24/2001 10:23
AM ---------------------------
"DUPONT, ALLAN L. (AL) (JSC-EG) (NASA)" <[email protected]> on
04/24/2001 09:58:56 AM
To: "'[email protected]'" <[email protected]>
cc:
Subject: FW: STS98 Launch Plume
-----Original Message-----
From: POPE, HERMAN A. (ALEX) (JSC-EG) (NASA)
Sent: Monday, April 23, 2001 5:09 PM
To: DL EG DIVISION; DL EG On-Site Contractors
Subject: FW: STS98 Launch Plume
-----Original Message-----
From: Paul Romere [mailto:[email protected]]
Sent: Monday, April 23, 2001 4:29 PM
Thought you all would like this one.
- STS98 Launch.doc
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001
05:52 PM ---------------------------
"John D. Martin" <[email protected]> on 03/25/2001 08:24:07 AM
To: [email protected]
cc:
Subject: Re: Request
Vince,
I'm glad you liked it. My next "Enron" task is to try and develop a better
understanding of the way you describe the use of BTU swaps to create a
synthethic multi-fuel plant. I understand the basic concept but want to
learn more about the swaps (duration, cost, etc) which will impact a
company's decision to build a single vs multi-fuel generator. Do you have
some example transactions or analyses that I might look over to learn more?
See ya in April (we're going to learn to "rope" calves this year).
Your friend,
John
At 06:03 PM 3/23/01 -0600, you wrote:
>
>John,
>
>Yes, I did. Looks great.
>Vince
>
>
>
>
>
>"John D. Martin" <[email protected]> on 03/23/2001 05:02:05 PM
>
>To: [email protected]
>cc:
>Subject: Re: Request
>
>
>Thanks Vince. This is great.
>
>By the way, did you get copies of the journal with our paper?
>
>John
>
>At 04:59 PM 3/23/01 -0600, you wrote:
>>
>>John,
>>
>>No problem.
>>I look forward to it.
>>
>>Vince
>>
>>
>>
>>
>>
>>"John D. Martin" <[email protected]> on 03/23/2001 09:04:44 AM
>>
>>To: [email protected]
>>cc:
>>Subject: Request
>>
>>
>>Vince,
>>
>>Would you mind making a few luncheon comments to the Texas Finance
>Festival
>>group at our sat luncheon? I struck out with Andy and Sheridan thought
>>that you could relate very well to the group. How about it?
>>
>>John
>>
>>John D. Martin
>>Carr P. Collins Chair in Finance
>>Finance Department
>>Baylor University
>>PO Box 98004
>>Waco, TX 76798
>>254-710-4473 (Office)
>>254-710-1092 (Fax)
>>[email protected]
>>web: http://hsb.baylor.edu/html/martinj/home.html
>>
>>
>>
>>
>John D. Martin
>Carr P. Collins Chair in Finance
>Finance Department
>Baylor University
>PO Box 98004
>Waco, TX 76798
>254-710-4473 (Office)
>254-710-1092 (Fax)
>[email protected]
>web: http://hsb.baylor.edu/html/martinj/home.html
>
>
>
>
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
[email protected]
web: http://hsb.baylor.edu/html/martinj/home.html
|
Rodrigo,
We shall be very glad to meet you.
If you can dedicate one day to meeting the members of the Research Group I
could arrange a series of meetings with different units.
What about Sep the 11th or Sep the 12th (Monday or Tuesday)?
If you are free one evening we can have dinner together.
Vince
Rodrigo Lamas
08/24/2000 11:01 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Introduction meeting : RAC London Quants and Houston Research
Vince,
I work for the Market Risk RAC London group. I review the quantitative issues
arising from Enron Europe models.
I am in this function given my background (PhD from Imperial College-London)
and also due to my past experience
as risk manager for a brazilian investment bank and Louis Dreyfus.
My agenda includes the review of a number of deals (Wessex, TPL, Eastern,
...), as well as the
review of the construction of european gas and power price curves and their
respective volatility curves.
Currently I am devoting most of my time to the analysis of the UK gas market,
its respective
price curve and term structure of volatility.
Bjorn and David suggested it could be very productive if I had the chance to
meet you and your team
to discuss issues related to modelling prices and risk measurement tools.
I will be in Houston from the 10th to 15th September. I wonder if you could
book some time for me in
your agenda and also ask some members of your team to do the same.
Thanks,
Rodrigo
|
Any recommendations. Please, let me know ASAP.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001
05:09 PM ---------------------------
Albert Wang <[email protected]> on 04/23/2001 12:37:55 PM
To: [email protected]
cc:
Subject: Rice/Enron Speakers for Fall 2001 and Spring 2002
Hi, Vince:
We are considering a preliminary list of speakers for Rice/Enron Seminar
Series in Finance for Fall 2001 and Spring 2002.? Do you have any persons in
mind that you and your group want to include in the list?? Finance faculty
will meet to finalize the list later.
Thanks,
Albert
P.S.: Is Ronnie Chahal still around?? She is currently in my Enron
distribution list with email address: [email protected].? I have received
an error message indicating a failure of delivering email to her address.
Fu-Kuo Albert Wang
Assistant Professor
Jones Graduate School of Management -- MS 531?
Rice University?
6100 Main Street?
Houston, TX 77005?
Phone: 713-348-5404?
Fax:???? 713-348-5251
email: [email protected]
http://www.ruf.rice.edu/~wangfa/
|
1.
COMMENT & ANALYSIS: Stretching the figures: Calculating
accurate values for companies in the new economy takes
more
than a grasp of mathematics - a dash of economics,
politics and
logic would not go amiss, says John Kay:
COMMENT & ANALYSIS: Stretching the figures: Calculating
accurate
values for companies in the new economy takes more than a
grasp of
mathematics - a dash of economics, politics and logic
would not go
amiss, says John Kay:
87% match; Financial Times ; 24-Apr-2000 12:00:00 am ;
1170 words
Do the math. The slogan favoured by Jim Clark, creator of
Silicon Graphics,
Net-scape and Healtheon, has become the mantra of a
generation of
consultants and investment bankers. The new economy, they
claim, requires
new principles of valuation.
C.com is one of the most exciting prospects in
business-to-business
commerce. It is the world leader in a growing market -
annual sales by 2010
are likely to be Dollars 500,000bn. If C.com can maintain
a 5 per cent share
and earn only 1 per cent net margin its prospective
annual earnings will be
Dollars 250bn.
If we assume that market growth after 2010 is 5 per cent
and discount future
revenues at 10 per cent, the prospective value of C.com
is Dollars 5,000bn -
about 10 times the recent market capitalisation of
Microsoft, Cisco or General
Electric.
You don't have to wait for the IPO. You can buy shares in
C.com right now for
less than 5 per cent of that value. C.com is called
Citigroup and in addition to
its foreign exchange trading, which is the business I
have described, you get
its other wholesale, retail and investment banking
activities and a leading
insurance company thrown in.
Of course, nobody would be so stupid as to value
Citigroup in this way. Yet I
have followed more or less exactly the methodology
recommended in the
latest McKinsey quarterly for the valuation of new era
companies. They use
precisely analogous calculations to arrive at a valuation
of Dollars 37bn for
Amazon.com.
Paul Gibbs, head of merger and acquisition research at
J.P. Morgan, recently
used similar principles to confirm that assessment of
Amazon. He then
performed the same calculation for internet service
provider Freeserve.
Assume that UK retail sales grow at 5 per cent a year,
that 25 per cent of
sales take place on the net, that portals capture 50 per
cent of these, that
Freeserve gets 30 per cent of the portal share and
maintains an 8 per cent
commission on sales. Multiply these together and you
establish that in 2017
Freeserve will make profits of o2bn (Dollars 3.2bn).
This, he argues, justifies a
value today of o6.50 per share.
But I prefer T.com to Freeserve. T.com has a customer
base four times larger
than Freeserve. Its franchise is stronger. Its customers
are concentrated in
the affluent south-east of England, where it faces
virtually no competition.
Market research shows that more than 95 per cent of its
customers use its
essential services every day, many of them several times
a day.
T.com also has ambitious plans for expansion. At present,
its geographical
coverage is less than one-quarter of the market in
England and Wales. T.com
has an interest in south-east Asia. The population of
China is 100 times the
number of people who today can access T.com services.
Even after the recent
market correction, T.com, better known as Thames Water,
still has a market
valuation below that of Freeserve. At the widest point
between the old and new
economies, Freeserve was worth four times as much.
The reason the Citibank calculation is nonsense is
simple, but fundamental.
The margins Citibank makes on its forex business vary
widely. If you buy
small quantities of notes from a bank, the spread is much
wider than 1 per
cent. If you are a large corporation trading major
currencies, the margin is
wafer thin. Entry and competition force prices down to
the related costs.
In Mr Gibbs's model, Freeserve earns profits of o2bn,
about equal to the
current profits of Tesco, J. Sainsbury and Marks and
Spencer together. And it
earns these on revenues of only o2.5bn, so that profits
are 80 per cent of the
value of its sales. No established business earns margins
of that size.
Thames Water is one of a tiny number of companies whose
market position is
so strong, whose output is so necessary to life, that if
it charged five times the
current price we would have little choice but to pay. We
do have one option -
to insist the government intervenes. It confines Thames
Water to a return on
its capital employed of about 6 per cent.
The idea that profit is a return on capital invested
still has some role in new
economy valuation, at the level of the overall market.
There is a key formula in the new math. The required
yield on a security is
equal to the difference between the rate of return
demanded from that class of
securities and its expected rate of growth. So, if you
expect a return of 5.5 per
cent from a share whose dividends will grow at 5 per
cent, calculations show
that the dividend yield should be 0.5 per cent.
This is the calculation done by James Glassman and Kevin
Hassett in their
book Dow 36,000*. Claiming that sustainable dividends
average half of
earnings, this yield equates to a price/earnings ratio of
100 - implying a target
of 36,000 for the US index.
The trouble with this theory is that it takes too long to
produce what the
investor is looking for. Investors will receive only
two-fifths of the cash
sustaining the valuation this century. One-third of the
total depends on
dividend cheques that will arrive after 2200.
Two hundred years ago, well before the Dow Jones average,
prudent,
diversified investors would have owned slave traders and
sugar plantations, or
perhaps a bold speculation in that symbol of the then new
economy -a canal.
The next 200 years may be more stable than the last and
Microsoft and Cisco
may prove more enduring than plantations. But we can
hardly be sure.
While 5 per cent may be a reasonable assumption for the
growth rate of
dividends in the US economy as a whole, it is likely that
well before 2200
most of these will come from companies not yet founded.
Suppose we accept Glassman and Hassett's protests that
their dividend
growth expectations are conservative. If you raise them
only from 5 per cent to
5.25 per cent, the anticipated value of the Dow Jones
average is 72,000. At
5.5 per cent the formula breaks down because the shares
of US companies
are infinitely valuable. Not even the most credulous
dotcom investor believes
that.
The math also works in reverse. If expectations of return
are 6 per cent rather
than 5.5 per cent, the market p/e ratio falls to 50 and
the value of the Dow
Jones from 36,000 to 18,000. And if equity investors
require a return of 8 per
cent, you would have to conclude that shares are worth
only half their current
level.
An 8 per cent expected total return is not ambitious for
an equity investor. A
day trader might think you were talking about a weekly
profit rather than
annual. Glassman and Hassett use a figure as low as 5.5
per cent - the return
on Treasury bonds - because they argue that equities have
so consistently
outperformed bonds that there is now no risk associated
with equity
investment. In other words, because equities are sure to
offer higher returns
than bonds, the expected yield on equities should be the
same as on bonds.
You do not have to be Wittgenstein to spot the flaw. The
rules of logic hold
even in cyberspace, and so do the principles of
economics. Profits are hard to
earn in competitive businesses, and markets that are not
competitive are
usually regulated. The value of companies ultimately
depends on their
capacity to generate cash for shareholders. Distant
returns are uncertain.
Share prices are volatile, and investors need to be
compensated for the risks.
These truths are as valid in the new economy as the old.
By all means do the math. Isaac Newton, who could do the
math better than
most, gave up an annuity of o650 per year to invest in
the South Sea Bubble.
In addition to the math, you need the econ, the pol, and
perhaps the
psychology.
* Dow 36,000: The New Strategy for Profiting from the
Coming Rise in the
Stock Market, James K. Glassman & Kevin A. Hassett,
Random House,
1999.
The author a director of London Economics.
Copyright , The Financial Times Limited
|
Becky,
Becky,
I have called you this morning about it. It makes perfect sense.
Vince
Becky Pham
11/21/2000 10:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: 2001 budget for Research
Can I reduce your budget based on the suggestion below? Please let me know
because our deadline is Wednesday, November 22. Thanx.
---------------------- Forwarded by Becky Pham/HOU/ECT on 11/21/2000 10:08 AM
---------------------------
Becky Pham
11/15/2000 02:58 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: 2001 budget for Research
Sir,
I just got word that your bottom line needs to be 2,200K. This is net of
Corp Charges and Intercompany billings. In order to get to this number, we
have to reduce your budget by 83K. Do you have any suggestions in which
category(ies) we need to reduce?
Budget 10,521,000
I/C billings 8,238,000
Subtotal 2,283,000
Per Delainey 2,200,000
Need to dec by 83,000
Here are my suggestions based on Oct expenses:
Category Oct expense Budget Decrease Yearly amount
Periodical/subscription 5,200 10,000 3,000 36,000
Tuition and Reimbursement 11,000 21,000 4,000 48,000
This will bring you to the bottom line suggested by Delainey. Please let me
know your decision by November 21. If you have any questions, call me at
5-7094. Thanx.
|
Eugene,
No problem. Please, contact Stinson Gibner or Zimin Lu.
Vince
Eugene Zeitz@EES
12/28/2000 07:33 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Barend VanderHorst/HOU/EES@EES, John Becker/HOU/EES@EES
Subject: Option hedging.
Hi, Vince:
My name is Eugene Zeitz, and I work for EES Gas Desk. We have some questions
concerning hedging of options. Usually, we address such questions to Krishna,
but he is out until Jan 21, and we need some help.
Would it be possible for you to give us 1 hour of your time, or, perhaps, you
could recommend someone?
Thanks.
Eugene.
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001
12:10 PM ---------------------------
Shirley Crenshaw
01/08/2001 11:07 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya
Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT,
Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo
Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex
Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G
Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William
Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT,
Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles
Weldon/HOU/ECT@ECT, Praveen Mellacheruvu/HOU/EES@EES, Li Sun/NA/Enron@Enron,
Stephen Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance
Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane
Green/HOU/EES@EES, Seksan Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT,
Nelson Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth
Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron, Tom
Barkley/NA/Enron@Enron, Rakesh Bharati/NA/Enron@Enron
cc:
Subject: Research Directory
Oops! Forgot the attachment!
---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 01/08/2001
11:01 AM ---------------------------
Shirley Crenshaw
01/08/2001 11:05 AM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Tanya
Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT,
Maureen Raymond/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Paulo
Issler/HOU/ECT@ECT, Amitava Dhar/Corp/Enron@ENRON, Alex
Huang/Corp/Enron@ENRON, Kevin Kindall/Corp/Enron@ENRON, Kevin G
Moore/HOU/ECT@ECT, Clayton Vernon/Corp/Enron@ENRON, William
Smith/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Shalesh Ganjoo/HOU/ECT@ECT, Tom
Halliburton/Corp/Enron@Enron, Elena Chilkina/Corp/Enron@Enron, Sevil
Yaman/Corp/Enron@Enron, Sofya Tamarchenko/NA/Enron@Enron, Bob
Lee/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Hector Campos/HOU/ECT@ECT,
Anita DuPont/NA/Enron@ENRON, Youyi Feng/NA/Enron@Enron, V Charles
Weldon/HOU/ECT@ECT, Praveen Mellacheruvu/HOU/EES@EES, Li Sun/NA/Enron@Enron,
Stephen Bennett/NA/Enron@ENRON, Roman Zadorozhny/HOU/EES@EES, Lance
Cunningham/NA/Enron@ENRON, Leann Walton/NA/Enron@ENRON, Shane
Green/HOU/EES@EES, Seksan Kiatsupaibul/HOU/EES@EES, Kate Lucas/HOU/ECT@ECT,
Nelson Neale/NA/Enron@Enron, Rabi De/NA/Enron@ENRON, Kenneth
Parkhill/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON, Jason
Sokolov/HOU/ECT@ECT, Steve Bigalow/NA/Enron@Enron, Tom
Barkley/NA/Enron@Enron, Rakesh Bharati/NA/Enron@Enron
cc:
Subject: Research Directory
Hello everyone:
Attached is an updated copy of the Research directory for your information.
If there are any changes, please let me know.
Thanks!
Shirley
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/06/2000
04:10 PM ---------------------------
From: Anthony Mends@ENRON COMMUNICATIONS on 03/06/2000 02:18 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Invitation to My House
Vince,
I hope you are well. Sorry I have not been in touch but I have been swamped
trying to build my organization simultaneously as I endeavor to understand
EBS and navigate its political terrain. Quite interesting. I shall tell you
more later.
My wife, Elisabeth and I would love to have you for dinner at our house any
Saturday at you convenience. Would please let me know which Saturday would
be suitable? We are both looking forward to it so please let me know.
Thanks,
Tony
|
Jeff,
I want to bring Aram Sogomonian back to Enron at a VP level.
According to new human resources procedures this decision requires
a support of three senior executives.
I want to ask you to express your opinion on Aram (based on a phone interview
or just on your past interactions with him). You can send a reply to Norma
Villarreal at H/R.
Thanks.
Vince
|
Sam,
This is the file for TC. Please keep in mind it's the third article in a
series.
Vince
Enron North America Corp.
From: William Smith @ ENRON 07/31/2000 09:10 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Technical Corner
Very well! Here is the text of Brad's bio piece.
-----------------
I began working for the Research Group here at Enron in mid-May as a summer
intern. I started work back-testing storage models immediately after the
Spring semester, and I have enjoyed every minute since then.
I am pursuing a B.S. and a professional Masters degree in Chemical
Engineering at Rice University, and plan to graduate with both degrees next
May. I went to a small high school in Fort Worth, and Rice was the perfect
place to go from there because of its size and location. I have taken
primarily chemistry, biochemistry, and engineering courses while at Rice, and
during the past summers I have worked in chemistry research labs in Fort
Worth.
Outside of work and school, I am an avid baseball fan and appreciate good
music and cooking (though my cooking can at times be unpredictable.) I have
grown to love Houston as a city, and though I,ll never concede that it is
better than my hometown of Fort Worth, it has been a great place in which to
go to school and work.
Since my education thus far has been somewhat limited to Chemical
Engineering, I have valued this opportunity to work in the Research Group,
both as a chance to use engineering techniques that I have learned, and to
learn more about the business world than I would have by simply taking
economics classes. I am not certain what I will do upon graduating from
Rice, but my experience here has taught me that my opportunities are much
greater and better than I had previously thought.
-----------------
Sam
Vince J Kaminski@ECT
07/31/2000 08:58 AM
To: William Smith/Corp/Enron@ENRON
cc:
Subject: Re: Technical Corner
Sam,
I asked Stinson to review it. U should have it in 15 minutes.
Please, shoot me the column.
Vince
Enron North America Corp.
From: William Smith @ ENRON 07/31/2000 08:44 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Technical Corner
Good Morning, Vince!
Please pardon the brief interruption, but how is the article coming?
Sam
|
John,
This is the update on what I have done for the LNG transactions.
1. I was not involved in the LNG ship project. I shall read the DASH
and give you my comments. Without looking at the details, I think that the
decision
to charter a tanker removes one significant risk we have at the Elba Island
project (please, see point 2).
2. Elba Island. I am working with Doug Rotenberbg, Brad Hitch, Scott Earnest
(Sally Beck's organization) and RAC to set up the book for the Elba Island
transaction. The next step
will be to expand the book to capture all the Enron's LNG-related positions
in one place and
to look for natural risk offsets and possible hedges. A working group is
meeting to close a few
remaining gaps tomorrow (Tuesday) at 8:30.
A few comments on the book design and my view of the project:
a. The current thinking is that LNG will be sourced for the Elba Island
facility
by buying marginal cargos on the fob basis. Marginal cargos will represent
supply from excess capacity that has not been committed under long-term
contracts or became available due to some short-term frictions.
The fob cargos are typically selling at a significant discount to the
long-term
contract prices. The economics of the deal, as represented by the book we are
setting up, will reflect the assumption that not only we can locate marginal
cargos
but that we shall be able to do it on a regular basis, arranging shipping and
coordinating
the facility schedule and natural gas transactions in the US. In other words,
we have a significant logistical and operational risk in this transaction.
b. The transaction will cover the period of 17 years (with an extension
option of
5 years). Even if we can lock-in the LNG volumes over this time period, we
have no ability to lock-in the other side of the spread (US gas prices) for
such a long tenor. This is
essentially a tolling transaction with exposure to the LNG - nat gas spread
and
I would not recommend locking-in only one leg of the spread.
One solution would be to cover, let's say, 50% of he LNG volumes for the
first
5 years and lock-in the nat gas side on the US market side.
c. The book we are setting up will be based on many managerial assumptions
regarding sources of LNG, shipping rates, schedules, etc. I would set up a
big prudence reserve
in case we mark it to market.
d. My group will work on valuation of some options we have in the Elba Island
deal
(that are good for Enron) and on the hedging strategy for the LNG positions.
Long-term LNG contracts are typically based on the Japanese Crude Cocktail
that
correlates very well with Brent.
Vince
John Sherriff
05/14/2000 01:40 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Lauren Urquhart/LON/ECT@ECT
Subject: LNG May 19 decision
Vince
I haven't spoken to you for awhile but hope the world is treating you well.
Anyway with Greg moving to his
new role I have (I hope only temporarily) staff trading oversight for the
Eastern Hemishere plus LNG.
I understand that your group is taking a first cut at developing curves for
LNG and LNG ship values. I also understand
that another LNG ship decision is on the dockets for May 19 (not very far
away). Anway I understand this
is a big decision but I still have gotten very little info yet. Can you
please let me know where you stand now?
I will ask my assistant Lauren to set up a time that I can speak with you in
the next couple of days and if you
have anything for me to review before then she can get it faxed to me as well.
Look forward to connecting with you Vince.
John
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/27/2000
05:06 PM ---------------------------
Bob Lee@ENRON
10/16/2000 03:19 PM
To: Zimin Lu/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT
cc: Hector Campos/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT
Subject: Technical Corner Article
A proposed Technical Corner Article on the work we did fitting the New York
area gas load data is attached for comment.
Bob Lee
|
Martin
Please, refer John directly to Jinbaek Kim and his academic advisor.
Vince
From: Martin Lin on 03/23/2001 04:19 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Summer internship
As a followup, John Gillespie has expressed interest in participating on the
panel mentioned below. To whom should I refer John or should somebody
contact him? I just wanted to know what to tell John.
Thanks,
Martin
Vince J Kaminski
03/23/2001 04:12 PM
To: Martin Lin/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Summer internship
Martin,
Thanks.
Vince
From: Martin Lin on 03/22/2001 04:46 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Summer internship
I did not find anybody in EBS who seems to know or be involved in any
e-procurement issues. In Enron Corp, however, there is an initiative called
iBuyIt. This is a system that Corp is deploying for e-procurement through
Corp and ENA, and will get to EBS sometime late this year.
John Gillespie is in charge of the iBuyIt initiative. Perhaps he is the
appropriate contact. I left a voice mail with him, but have not yet received
a response.
Martin
Vince J Kaminski
03/22/2001 07:17 AM
To: Martin Lin/HOU/ECT@ECT
cc:
Subject: Summer internship
Martin,
Please, take a look at Question 3.
Who is the right person at EBS?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/22/2001
07:16 AM ---------------------------
Jinbaek Kim <[email protected]> on 03/15/2001 01:12:32 AM
To: [email protected]
cc:
Subject: Summer internship
Dr. Kaminski,
Sorry for the late response,
it took me some time to coordinate things.
Finally, it's almost dont :-)
It turned out that from June to August
will be best for me for work at ENRON
(Say June.4 to August.4)
But I still need to know several things from your side.
Could you answer following questions?
First:
Is my suggested working period is OK with you?
If so, let me know what to do for settlement
during the period.
Second:
I got a list of work, I might be able to do for
DealBench team from Ross and Suresh.
I'd like to know it is still a valid work list:
The list he sent is as following:
> 1. Write a paper in layman's terms that answers
> questions like the following:
> Benefits of auctioning online for both buyers and
> sellers, particularly in reverse auctions
> Explanation how multi-variable auctions are not
> as efficient as price-only auctions (is this true?)
> How many participants are recommended for a
> successful live auction
> What types of goods and services are best suited
> for live auctions versus sealed bid quotes
> Opinions on lotting strategies
> Trends in online private auctions
> 2. Identify appropriate recent auction research (3
> or 4 papers out of the 90+ you provided)and obtain approvals from the
> authors to post on our site
> 3. Create a list/bibiliography of relevant auction
> literature (with hyperlinks?)
> 4. Would you be willing to offer auction consulting
> services to our customers (if they are interested)
Third:
There is an e-procurement forum at Haas School of business,
in May 22. The chair of the forum is my advisor Prof. Arie Segev.
A person from Wells Fargo Bank will talk about Wells Fargo's role
in e-marketplace payment initiative,
where ENRON broadband services is also one of key players
along with Citibank.
He asked me whether you can contact a person at
ENRON broadband services, who's related to the initiative.
He wants to know whether we will have a speaker from ENRON
to see ENRON's perspective, in the Forum.
Here is a link to news related to the initiative,
http://www.internetweek.com/story/INW20000808S0001
Fourth:
My advisor wants to know whether
there could be any opportunity to do a case study,
regarding ENRON's business.
He is interested in e-procurement and e-marketplaces.
Business model and System architecture...
Thanks for reading this long email.
I'll look forward to your answer..
I am sorry for giving you so much burden
to answer those questions possibly not easy to answer.
Warm regards,
Jinbaek
-----------------------------------------------------------------------
Jinbaek Kim
Ph.D Candidate
Dept. of Industrial Engineering and Operations Research
U.C.Berkeley
http://www.ieor.berkeley.edu/~jinbaek
Go Bears!
:"'._..---.._.'"; `. .' .' `.
: a a : __....._
: _.-0-._ :---'""'"-....--'" '.
: .' : `. : `,`.
`.: '--'--' :.' ; ;
: `._`-'_.' ;.'
`. '"' ;
`. ' ;
`. ` : ` ;
.`. ; ; : ;
.' `-.' ; : ;`.
__.' .' .' : ; `.
.' __.' .'`--..__ _._.' ; ;
`......' .' `'""'`.' ;......-'
`.......-' `........'
On Mon, 5 Mar 2001 [email protected] wrote:
>
> Jinbaek,
>
> This is fine though you are welcome to spend more
> time with us this summer.
>
> Vince
>
>
>
>
>
> Jinbaek Kim <[email protected]> on 03/04/2001 03:45:40 PM
>
> To: [email protected]
> cc:
> Subject: Re: Summer internship
>
>
> Dr. Kaminski,
>
> Thanks for your answer.
> Before I tell you the time frame,
> I'll need to talk with my advisor, first.
> Because here is an on-going-project.
> I need to coordinate the schedule.
>
> I'll appreciate it if you understand my situation,
> and give me some time (less than a week, of course).
>
> For your reference,
> probably
> the dates I'd like to ask you will be
> from mid-May to mid-July (2 months)
>
> Warm regards,
> Jinbaek
>
> -----------------------------------------------------------------------
> Jinbaek Kim
> Ph.D Candidate
> Dept. of Industrial Engineering and Operations Research
> U.C.Berkeley
> http://www.ieor.berkeley.edu/~jinbaek
>
> Go Bears!
>
> :"'._..---.._.'"; `. .' .' `.
> : a a : __....._
> : _.-0-._ :---'""'"-....--'" '.
> : .' : `. : `,`.
> `.: '--'--' :.' ; ;
> : `._`-'_.' ;.'
> `. '"' ;
> `. ' ;
> `. ` : ` ;
> .`. ; ; : ;
> .' `-.' ; : ;`.
> __.' .' .' : ; `.
> .' __.' .'`--..__ _._.' ; ;
> `......' .' `'""'`.' ;......-'
> `.......-' `........'
>
>
> On Fri, 2 Mar 2001 [email protected] wrote:
>
> >
> > Jinbaek,
> >
> > You can coordinate the details with me.
> > Let me know what the time frame is for you
> > and we shall send you an appropriate offer.
> >
> > Vince
> >
> >
> >
> >
> >
> > Jinbaek Kim <[email protected]> on 03/02/2001 04:43:06 PM
> >
> > To: [email protected]
> > cc:
> > Subject: Re: Summer internship
> >
> >
> > Dr. Kaminski,
> >
> > Thank you very much.
> > Of course, I'll be happy to have an opportunity
> > to work at such a wonderful company.
> > I was contacting with Surech Raghavan at Deal Bench team,
> > and was going to express my appreciation to you again
> > after settling down process with them.
> >
> > For the period of working,
> > I still need to coordinate with my advisor and
> > may need to adjust according to that.
> > but anyway, I'll try to coordinate smoothly.
> >
> > Please let me know whether I should keep contacting
> > with Deal Bench team,
> > for working period and
> > for misc. living support such as finding a place, rent a car, etc.
> >
> > I appreciate you so much again,
> > for arranging such meetings and giving me an opportunity.
> > All this opportunity will not be available to me,
> > without your kind help.
> >
> > Warm Regards,
> > Jinbaek
> >
> > -----------------------------------------------------------------------
> > Jinbaek Kim
> > Ph.D Candidate
> > Dept. of Industrial Engineering and Operations Research
> > U.C.Berkeley
> > http://www.ieor.berkeley.edu/~jinbaek
> >
> > Go Bears!
> >
> > :"'._..---.._.'"; `. .' .' `.
> > : a a : __....._
> > : _.-0-._ :---'""'"-....--'" '.
> > : .' : `. : `,`.
> > `.: '--'--' :.' ; ;
> > : `._`-'_.' ;.'
> > `. '"' ;
> > `. ' ;
> > `. ` : ` ;
> > .`. ; ; : ;
> > .' `-.' ; : ;`.
> > __.' .' .' : ; `.
> > .' __.' .'`--..__ _._.' ; ;
> > `......' .' `'""'`.' ;......-'
> > `.......-' `........'
> >
> >
> > On Fri, 2 Mar 2001 [email protected] wrote:
> >
> > > Hello,
> > >
> > > Sorry for a delay in getting back to you.
> > > We would like very much to offer you a summer internship.
> > >
> > > Please, let me know if you are interested.
> > >
> > > Vince Kaminski
> > >
> > >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>
|
Jeff,
I met with Li Sun last night and I shall take her for the first rotation.
She comes across as a very smart and highly motivated person.
I am planning to go with Mark Palmer to Wharton in October to
finalize the deal.
Vince
From: Jeffrey A Shankman 08/23/2000 06:31 AM
To: Jana Giovannini/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: li sun
i've asked vince to get involved with you about getting li into vince's
group. this issue needs to be resolved by week's end--we look like we don't
have our act together, and that bothers me. especially since we are about to
make a significant monetary investment at wharton, and we could have a new
wharton recruit disgruntled.
vince, can you set up a meeting with you, me and mark palmer to follow up
with our meeting with skilling? thanks very much...
jeff
|
Jana,
What about Friday ro Saturday night
(your choice).
Vince
[email protected] on 06/29/2000 08:50:56 AM
To: [email protected]
cc:
Subject: Re: contact
Vince,
I checked with David, and the weekend of the 29th is fine. Which night is
good for you and your family?
Have a good 4th!
jana
|
Mark,
One option is to talk to a number of physicists in my group who might be
interested.
Vince
Enron Investment Partners
From: Mark Lay 07/26/2000 07:57 AM
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
|
Shirley,
Can you reserve the room for Tue, Dec 19, 3:30?
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/08/2000
08:33 AM ---------------------------
Clayton Vernon @ ENRON
12/07/2000 05:38 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: seminar on beyond ols
Vince-
George just "remembered" the traders' meetings Monday and Wednesday
afternoons at 3:30. He' s going to email you- I think Tuesday would ensure a
turnout of traders as well as analysts. We could easily have 20 people there
from Power alone, and there's always Gas .... When you decide the time, can
you ask Shirley to reserve a conference room along the size of 30C1?
Clayton
|
Mike,
No attachment.
Vince
From: Mike A Roberts 02/17/2000 02:19 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Technical Person
Vince-
here's a PDF of that resume we'd like to hire
--- Mike
|
Shirley,
OK.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/07/2000
12:02 PM ---------------------------
Alex Huang@ENRON
01/07/2000 08:28 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
Subject: New PC
Hi Shirley,
I would like to request for a new PC. My current PC is quite old with not
enough memory. Twice
I ran out of memory and had to have IT people coming to clean it for me.
Their suggestion is
to either get a new hard drive or a new PC. Given that Dell has Pentiumc III
Processor at 800 MHz
on market, I would like to request a PC with process at 500 MHz or higher
level.
Thank you very much.
Best,
Alex
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001
02:58 PM ---------------------------
Kathy Spradling <[email protected]> on 01/08/2001 10:47:27 AM
To: (Recipient list suppressed)
cc:
Subject: Spring 2001 Module and Calendar Schedule Attached
Spring 2001 Faculty,
Attached is the Spring 2001 Module and Calendar Schedules for your
review. Please note the Jones Graduate School is not following the
traditional University Calendar for Spring Break this year. If you have
any questions please contact me.
Kathy
Kathy M. Spradling
MBA Program Coordinator
Jesse H. Jones Graduate School of Management
Rice University
6100 Main Street, MS 531
Houston, Texas 77005-1892
Phone: (713) 348-3313
Fax: (713) 348-5251
Email: [email protected]
http://www.rice.edu/jgs
E-mail: [email protected]
http://www.ruf.rice.edu/~jgs/
- Spring Module 2001 Sch.doc
- Spring Module 2001 Cal.doc
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/10/2000
05:34 PM ---------------------------
Naveen Andrews@ENRON
11/10/2000 04:35 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT
Subject: Re: looking for "Fat Tails" in time-series for NGI-SOCAL
Tanya,
We care about PORTFOLIO VALUE CHANGES, not log-returns of a
single contract, which has extremes in the behavior and can be fit to a
fat-tailed distribution. A 1.20 basis move, with 500 BCF position, is an
extreme event, anyway you slice it.In the literature, as elsewhere, I agree
for a single contract log-returns, they don't divide by vols.
Regards
Naveen
Tanya Tamarchenko@ECT
11/10/2000 04:17 PM
To: Naveen Andrews/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT
Subject: Re: looking for "Fat Tails" in time-series for NGI-SOCAL
Naveen,
I got NGI-SOCAL prices for prompt, prompt+1,...,prompt+59 contracts.
For each contract I calculated moving average based on 21 log-returns as
well as moving volatility. Then I calculated normalized log-returns:
[ return(t)-ave(t) ] / vol(t)
and compared the results to normal distribution.
I COULD NOT FIND Fat Tails!
Volatility changes a lot from day to day, so when people look at
log-returns (not normalized) it seems that there fat tails (big spikes, large
returns more frequent than normal),
which comes from the fact that volatility is not constant (at all).
See the spreadsheet is under O:\_Dropbox\Tanya
Tanya
|
Kathie,
Thanks for the reminder. I have forwarded the article to my home
address and I shall review it tonight.
Vince
Enron North America Corp.
From: Kathie Grabstald 04/02/2001 09:04 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: ENSIDE Newsletter
Good Morning!
Thank you for taking time out of a busy Friday to allow our photographer to
shoot some pictures for the ENSIDE. I will contact you when the proofs are
ready.
I have attached the article draft with revisions by Mike, Osman and Iris.
Please peruse this draft and make any changes or corrections. I need it back
for the layout team by Wednesday evening, April 4, if possible.
Regards,
Kathie Grabstald
EWS Public Relations
|
Looks good.
Vince
Enron North America Corp.
From: William Smith @ ENRON 07/31/2000 09:10 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Technical Corner
Very well! Here is the text of Brad's bio piece.
-----------------
I began working for the Research Group here at Enron in mid-May as a summer
intern. I started work back-testing storage models immediately after the
Spring semester, and I have enjoyed every minute since then.
I am pursuing a B.S. and a professional Masters degree in Chemical
Engineering at Rice University, and plan to graduate with both degrees next
May. I went to a small high school in Fort Worth, and Rice was the perfect
place to go from there because of its size and location. I have taken
primarily chemistry, biochemistry, and engineering courses while at Rice, and
during the past summers I have worked in chemistry research labs in Fort
Worth.
Outside of work and school, I am an avid baseball fan and appreciate good
music and cooking (though my cooking can at times be unpredictable.) I have
grown to love Houston as a city, and though I,ll never concede that it is
better than my hometown of Fort Worth, it has been a great place in which to
go to school and work.
Since my education thus far has been somewhat limited to Chemical
Engineering, I have valued this opportunity to work in the Research Group,
both as a chance to use engineering techniques that I have learned, and to
learn more about the business world than I would have by simply taking
economics classes. I am not certain what I will do upon graduating from
Rice, but my experience here has taught me that my opportunities are much
greater and better than I had previously thought.
-----------------
Sam
Vince J Kaminski@ECT
07/31/2000 08:58 AM
To: William Smith/Corp/Enron@ENRON
cc:
Subject: Re: Technical Corner
Sam,
I asked Stinson to review it. U should have it in 15 minutes.
Please, shoot me the column.
Vince
Enron North America Corp.
From: William Smith @ ENRON 07/31/2000 08:44 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Technical Corner
Good Morning, Vince!
Please pardon the brief interruption, but how is the article coming?
Sam
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
12:32 PM ---------------------------
Sevil Yaman@ENRON
10/18/2000 10:42 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: power conference
Vince,
Please check the University of California Energy Institute web site (
http://www.ucei.berkeley.edu/ucei/). You may already be aware of it but if
you are not, there are lots of paper that I am using as a reference and that
you might be interested in reading them. Also, every year they are holding a
one day power conference in UC Berkeley. I'd like to attend the one in March
of 2001. Is that fine?
Sevil,
|
Shirley,
Please, let Rice invitees know.
Vince
Shirley Crenshaw
04/10/2001 08:27 AM
To: Vince J Kaminski/HOU/ECT@ECT, Kenneth Parkhill/NA/Enron@ENRON
cc:
Subject: ALP presentation
This will be in EB49C1
---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 04/10/2001
08:22 AM ---------------------------
Vince J Kaminski
04/10/2001 08:13 AM
To: [email protected], [email protected], [email protected], [email protected],
[email protected]
cc: Vince J Kaminski/HOU/ECT@ECT, Christie Patrick/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT, Kenneth Parkhill/NA/Enron@ENRON
Subject: ALP presentation
On behalf of Enron Corp. I would like to invite you to an ALP Project
presentation by a group of students
of Jesse H. Jones Graduate School of Management, Rice University.
The students will present the results of a research project regarding
electronic trading
platforms in the energy industry.
The presentation will be held on May 7, at 4:00 p.m. at Enron, 1400 Smith.
We would also like to invite you to dinner, following the presentation.
Vince Kaminski
Vincent Kaminski
Managing Director - Research
Enron Corp.
1400 Smith Street
Room EB1962
Houston, TX 77002-7361
Phone: (713) 853 3848
(713) 410 5396 (cell)
Fax : (713) 646 2503
E-mail: [email protected]
|
FYI
You can send me short E-mail messages when I travel to an alternative E-mail
address: [email protected].
Vince
|
Donna,
Jeff Shankman will join me for the kickoff.
We would like to invite the students and faculty members to dinner,
following the presentation.
Any recommendations regarding the restaurant?
Vince
FAP <[email protected]> on 11/08/2000 12:15:10 PM
To:
cc: Weigelt <[email protected]>, "'[email protected]'"
<[email protected]>, Thomas <[email protected]>,
"'[email protected]'" <[email protected]>
Subject: Enron Tiger Kick Off
Tiger Team Hosts, Faculty, Students and Teaching Assistants:
This is to confirm the date, time and location for the upcoming Tiger Team
Kick-Off.
The Enron project date will be Wed., Dec 6 at VH 210 from 3:00-5:00pm.
The purpose of the Kick-Off Meeting is for the teams, faculty, TA's and
hosts to meet, learn more about the hosting organization and to further
discuss the project.
For hosts who may need a campus map, please see
http://www.upenn.edu/fm/map.html
From the 30th Street train station, it is a quick taxi ride to Spruce St and
37th St.
The Inn at Penn, a new hotel, is one block from campus, if lodging is
necessary. The phone number there is 215.222.0200. Please mention you will
be at Penn for business.
The address is :
The Inn at Penn
Sansom Common
3600 Sansom Street
Philadelphia, PA 19104
Hosts, please let me know the names and titles of those representatives who
will be attending the Kick-Off. Also, let me know if you will need
technology (laptop for ppt or overhead for slides) for presentation
purposes.
If you have any questions, please feel free to contact me.
Sincerely,
Donna Piazze
Program Director
Field Application Project
The Wharton School
Univ. of Pennsylvania
(215) 573-8394
(215) 573-5727 fax
[email protected]
[email protected]
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/27/2000
10:51 AM ---------------------------
Enron Capital & Trade Resources Corp. - Europe
From: Sharad Agnihotri 11/27/2000 08:44 AM
To: Stinson Gibner/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Paulo Issler/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Smile contsraints- sign error
I spotted a sign error (more or less) on
my document on constraints on smile shapes.
The corrected version is below. if there are any more errors please let me
know.
Best
Sharad
|
Tanya,
I could not locate the file.
Vince
Tanya Tamarchenko
12/07/2000 01:17 PM
To: Vince J Kaminski/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Jaesoo
Lew/NA/Enron@ENRON
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations
Everybody,
we were talking for a while about using non-normal distributions in the
Monte-Carlo simulations in our VAR model.
I put together some suggestion regarding this. The text is under
O:\_Dropbox\Tanya\non_normal_logs.doc
Look through this 3 page document, and let me know what you think, please.
Tanya
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/04/2001
05:37 PM ---------------------------
"Sogomonian, Aram" <[email protected]> on 05/04/2001 02:22:02 PM
To: "'[email protected]'" <[email protected]>
cc:
Subject: schedule
Vince,
My schedule for the RISK 2001 conference in Houston is:
arrive Sunday 4/13 9pm.?
Staying at the Houstonian
depart Tuesday 4/15 5:30 pm.
Hopefully, we can get together.
thanks, Aram? (cell phone 503-701-6692)
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2000
02:29 PM ---------------------------
Robert Brooks <[email protected]> on 03/31/2000 02:03:33 PM
Please respond to "[email protected]" <[email protected]>
To: "'GPCM Distribution'" <[email protected]>
cc:
Subject: US Gas Storage Growth
Huge Growth in Natural Gas Storage Tracked
As the natural gas market approaches 30 Tcf per year, demand for natural
gas storage capacity will rise exponentially. Although the snowball has just
started rolling, current plans by natural storage operators will boost
working capacity by 430 Bcf, or 10%, and will raise peak-day deliverability
11.8 Bcf per day, or 13.8%, according to a new survey by Intelligence Press.
Intelligence Press' new multimedia research package provides a comprehensive
look at all current activity on 458 storage fields with additional key
information on 101 LNG facilities. Among them are 38 proposed natural gas
storage fields and 15 storage expansion projects. Depleted fields capture the
largest share of the proposed fields with 24, followed by aquifers with six,
and salt domes and salt beds with four each. Altogether the proposed new
fields account for about 329 Bcf in working capacity and 9.7 Bcf per day in
deliverability. Proposed and potential expansions represent an increase of
about 100.5 Bcf of working capacity and 2.1 Bcf per day in deliverability.
But these projects are just the tip of the iceberg. Regulatory changes,
shifting natural gas flows and increases in demand due to growth in the
economy and particularly in natural gas fired power generation are expected
to cause significant additional storage growth in the next decade. For more
information go to: www.intelligencepress.com
RBAC
GPCM Natural Gas Market Forecasting System
-----Original Message-----
From: Enerfax Daily [SMTP:[email protected]]
Sent: Friday, March 31, 2000 1:52 AM
To: **aaaenerfax
Subject: Enerfax Daily (http://www.enerfax.com/)
- ATT00002.htm
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
05:01 PM ---------------------------
Pinnamaneni Krishnarao
02/22/2000 01:10 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: News article on Enron
India: Enron aftermath
Business Line - 02/21/2000
Abhay Mehta
Copyright (C) 2000 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire
Power Play
A Study of the Enron Project
* Publishers: Orient Longman, New Delhi * Price: Rs. 195
THE Enron power project at Dabhol in Ratnagiri district of Maharashtra has
been mired in nationwide controversy ever since the
inception of the project proposal in 1992; and the sordid tale ends only
in 1997, with the Supreme Court of India refusing to even
admit an appeal against the Bombay High Court decision, of December 1996,
which while commenting that "This case has
highlighted to the people as to how even after 50 years of Independence,
political considerations outweigh the public interest and
the interest of the State and to what extent the Government can go to
justify its actions not only before the public but even before
the courts of law" - yet dismissed a public interest petition against the
project on the (purely technical) ground of res judicata, even
though new facts, new arguments, new evidence of the violation of the laws
of the land had been advanced by the petitioners.
The fact that the fresh violations of the law were not even considered and
recorded, despite the petitioners adducing the required
evidence, can only be termed as strange, perhaps bizarre.
Abhay Mehta's simple, factual documentation - in fact a chronological
narration - of all events, including the process of bending all
rules, of subverting the law for promoting a project involving
unparalleled future liabilities for Maharashtra, indeed for the whole of
India - is not only masterly, it is devastating.
It is a short, pithy book which deserves to be read from cover to cover by
all thinking citizens of this country. Barring the
concluding chapter, the epilogue, there are no personal comments, only
facts, disseminated from the original papers, mostly 'secret'
documents.
All documentation has been carefully, faithfully recorded, including
extracts from supposedly 'top secret' minutes of cabinet
committee meetings; and the specific violations of the law (which were
opposed by a few public spirited civil servants, much to
their disadvantage) have been pointed up. Apart from an introductory
'Primer on Electricity' - introduced for the benefit of the
layman, explaining some technical issues relating to electricity
generation, transmission and distribution - and the background of the
events of 1991, the foreign exchange crisis, and the aftermath of the
crisis, the other fifteen chapters, three appendices and fourteen
annexes of the small book (of 226 pages) packs in an enormous volume of
factual information. The strange saga of the Enron
project, and the sheer magnitude of the future problems this one single
project poses for the country, need to be briefly recounted
here, for essentially, it is the coming generation which would have to
face the problem.
The MSEB has contracted to buy - and if not used, to pay for - 2000 MW of
electricity (for a period of 20 years) from the
Dabhol Power Company (the legal entity set up by Enron, as an unlimited
liability company registered in India, through a maze of
intricate crossholdings of equity by half a dozen or more 'front'
companies registered in various tax-free havens.
Abhay Mehta has indicated the total payments to Enron over 20 years amount
to $ 35 billion (at 1998 exchange rates, around Rs.
1,25,000 crores) over the life of the project. One must record that: (a)
crude oil/oil product prices have as of writing, more than
doubled since the above calculations were made. A per the 'doctored'
figures presented by the company (and its advocate), the
charge per unit of electricity supplied, at the 1998 level of prices, was
to 4.39 cent (per unit) as 'capacity charge' and 3.43 cents
(per unit) for 'energy costs'.
The former is indexed to the US inflation rate, and the latter to
international fuel prices. The former may be assumed to have gone
up only marginally (rounded to 4.4 cents per unit); we know that fuel
prices have more than doubled internationally over 1999.
Assuming the 'fuel costs' to have increased less than 100 per cent - even
though international prices have more than doubled - we
may assume (for 1999) energy costs of 6.85 cents per units, making for a
total payment of 11.25 US cents per unit of electricity
supplied by the Dabhol Power Company (DPC) to MSEB in late 1999, in Phase
I of the project.
Within another two years, at 2000 MW, the annual offtake (for 365 days X
24 hours/day) would be 17.52 billion KWH; and at
11.25 cents per unit, the total payment amounts to $1.97 billion annually;
for 20 years, this workout to $ 39.4 billion.
This is not counting any further inflation in either energy costs or
capacity charge. At today's exchange rate - about Rs.43.5 per US
dollar - in rupee terms this works out to wore than Rs. 175,000 crores (as
compared to Rs. 125,000 crores indicated by Abhay
Mehta). This is the cost to MSEB in rupee; and to the country in foreign
exchange as payment to just one project authority, for
supply of part of the power required in Maharashtra.
The really significant point to note in this connection is that this
payment - and considerably more, depending on (a) future increase
in'capacity charges' depending on US inflation rate, and international
prices of LNGaphtha (for 'fuel costs'), and (b) depreciation of
the exchange rate of the rupee vis-a-vis the US dollar - is obligatory;
the assets of the MSEB, the Maharashtra government
indeed, all assets of the Government of India (present and future) are
mortgaged to Enron, by way of sovereign guarantees
extended by both governments.
The other significant point in this connection is that - as predicted by
all independent Indian experts as well as the World Bank -the
Enron project he forced the MSEB to cut its offtake of Tata Electric
Company's and its own much cheaper thermal power
already; in a postscript dated August 1999, Abhay Mehta has indicated that
already, the MSEB had stopped buying between 200
and 250 MW of power from Tata Electric (available at Rs. 1.80 per unit)
and has had to backdown its own Chandrapur thermal
power station (cost of this power being Rs. 1.20 per unit), while forced
to buy more expensive Enron power at Rs. 5 per unit.
The loss to MSEB on this count alone comes to Rs. 460 crore per year.
This had in fact, been predicted earlier even by the World Bank.
It is pointless here to go into the details of how precisely all this was
contrived, by a deliberate campaign of 'disinformation', of
blatant lies, of sidelining of expert opinion, not only of independent
experts but also the GOI's own official advisers in this matter,
namely, the Central Electricity Authority as well as that of the World
Bank, which was resolutely opposed to this project. The
detailed facts, the letters exchanged in the above context, the pressure
tactics adopted, the flouting of all procedures norms, even
statutory provisions of the Electricity (Supply) Act, are all carefully
documented by Abhay Mehta.
Mehta correctly concludes: "We frequently blame external agencies - like
the World Bank - for all our problems, when, as a
matter of fact, we ourselves are our own worst enemies. In the instant
case, the World Bank not only advised the Government of
India against the project, it stood resolutely firm in its assessment of
the total inadvisability of this project. In fact, one must note
here that in 1996, neighbouring Pakistan, which had entered into a
somewhat similar MoU with Enron, cancelled the project (and
the Power Purchase Agreement with Enron), for a $ 670 million, 782 MW
residual oil-fuelled power plant, even though that
Agreement had stipulated Enron power supply at a fixed rate of 6.4 US
cents per KWH over a 30 year period. (Note the
estimated rate of 11.25 cents per KWH for Dabhol power for the MSEB in
December 1999, which works out to around Rs. 5
per unit).
One could go on; but one must leave the reader to go through Abhay Mehta's
crisp, factual, matter of fact narration of the Enron
saga, and switch over to the point made by him in the epilogue to the
story, about 'The Next Round of Scams'.
For quite some time, the ruling elite in India has been intent on
'privatising' all public enterprises; and even 'utilities' are no
exception. The 'unbundling' of infrastructure with a view to privatisation
of all the 'profitable' segments. All this - as per the current
'disinformation campaign' - is supposedly in the interest of
rationalisation and greater efficiency of poorer supply.
The author has referred in this context to the acquisition from the
Government - by the Torrent Group - of the Ahmedabad and
Surat Electricity companies at less than one-tenth of the market value of
the assets of thee facilities. Again, much like the Enron
saga, all objections by the Finance Department of the Gujarat government
were overruled.
And, Abhay Mehta has predicated that this onslaught - the break-up of
power utilities into three segments, generation, transmission
and distribution, - with a view to their privatisation is likely to be the
new thrust by the ruling elite, for reasons that do not require to
be spelt out.
Though Mehta had the examples of the Torrent Group takeover of Ahmedabad
and Surat Electricity companies, and of the break
up of the Orissa State Electricity Board before him, yet his statement can
be stated today to be prophetic; the UPSEB is now on
the firing line. The recent strike by the workers and engineers of the
UPSEB in protest of the announced UP government decision
to trifurcate the UPSEB; and the Union Minister of Power, Mr. Rangarajan
Kumaramangalam's statement that the UPSEB is a
loss making, inefficient unit and that privatisation of the facilities
after the trifurcation - need to be noted.
That 40 per cent of the dues of the UPSEB are from the UP Government; that
tariffs for UP electricity supply are fixed by the UP
government and not by the UPSEB; that the UPSEB does not have the cash
even for routine maintenance as a result of the above
- these are facts that nobody is prepared even to consider. That the
remedy for UPSEB lies in a different kind of reform and
restructuring, is not even to be debated. The whole idea is to privatise
the profitable segments, and to leave the public sector entity
with all the problem areas, including rural energy supply. It is against
this background that Abhay Mehta's book needs to be widely
disseminated, read, and its implications understood.
What is at stake is not a 'utility' here or a PSU there. What is at stake
is the future of some 80 per cent of the have-nots in this
country.
What is at stake is the 'pillory' of the assets of the nation for private
aggrandisement.
Arun Ghosh
|
Steve,
Two internal presentations that use a few slides from Blake's
presentation.
He developed it under a contract with Enron, but we don't want
to use it verbatim.
Vince
|
Molly,
Yes, March 1 would work.
Vince
Enron North America Corp.
From: Molly Magee 01/16/2001 03:36 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Fed Ex from Iris
Just checking to be sure you're okay with a March 1 start date for Iris?
Molly
---------------------- Forwarded by Molly Magee/HOU/ECT on 01/16/2001 03:35
PM ---------------------------
Enron Capital & Trade Resources Corp.
From: "iris mack" <[email protected]>
01/16/2001 03:13 PM
To: [email protected], [email protected]
cc:
Subject: Fed Ex from Iris
Hi,
Thanks for the Fed Ex with the offer letter, and other pertinent
information about Enron.
I have signed the letter and returned it to you, along with a couple of
other forms. You should receive these documents via Fed Ex on tomorrow
morning.
Because I have to tie up a few loose ends here in California, I won't
be able to start until March 1st. I hope that is okay.
Thanks so much.
Regards,
Iris
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com
|
Pierre-Philippe,
I have contacted Allison Bailey to ask her to move her visit
to the campus to coincide with my presentation.
I hope to hear from her soon.
Vince Kaminski
P.S. Nice WEB site
"Pierre-Philippe Ste-Marie" <[email protected]> on 08/10/2000 05:13:53 PM
To: <[email protected]>
cc:
Subject: MSCF Speaker Series
Dear Mr. Kaminsky,
?
Just checking if there was any progress... or anything I could do to help
you.
?
Sincerely,
?
Pierre-Philippe Ste-Marie
--------------------------------------
pstemarie.homestead.com
|
Hello
Shan Millie <[email protected]> on 03/24/2000 05:39:55 AM
To: [email protected]
cc: (bcc: Vince J Kaminski/HOU/ECT)
Subject:
This is to let you know that I am leaving Risk Books today. I want to thank
you for being such a good friend to us - right the way back to MEPR1 - and
to give you my home email so that you have me on file should you want some
publishing input in the future.
[email protected]
Hoping all goes well with you.
Sh?n
Sh?n Millie
Risk Books
28-29 Haymarket
London SW1Y 4RX
tel: +44 (0)171 484 9740
fax: +44 (0)171 484 9758
e-mail: [email protected]
www.riskpublications.com
|
FYI
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/06/2000
02:04 PM ---------------------------
"Dave Williams" <[email protected]> on 09/06/2000 01:27:43 PM
Please respond to <[email protected]>
To: <[email protected]>
cc:
Subject: FW: USAEE Philadelphia VIP Dinner
Vince,
Can you please let us know if you plan to attend this event?
Many thanks.
Dave Williams
Executive Director
USAEE/IAEE
=======
If you are receiving this email it indicates that we have yet to hear from
you in regard to your invitation to attend the USAEE VIP Conference Dinner,
Sunday, September 24, 2000.
Attached please find another invitation letter and reservation form. We
would like to hear from you by Wednesday, September 6 if you can attending
this special dinner function or not.
Kind regards,
David Williams
USAEE
- DININVIT.doc
- DINFORM.doc
|
Christie
More on the Rice CFOs conference.
They want to get Andy Fastow as a speaker/participant.
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/10/2001
08:26 AM ---------------------------
David Ikenberry <[email protected]> on 02/02/2001 06:10:02 PM
To: "[email protected]" <[email protected]>
cc:
Subject:
It was great talking with you.
Dave
- brochure.doc
***********************************
Prof. David Ikenberry
Jones Graduate School of Management
Rice University
713-348-5385
|
John,
The outline of a message to Nesbitt.
Dale,
Thanks for your message. In our phone conversation before the meeting you
mentioned
another contractual arrangement under which we could work with your company
employees on a case-study.
The cost of a weekly project would be $12,000 that would be applied to the
purchase price should
we go ahead and decide to acquire the software. This project would allow us
to evaluate the model and
come up with an estimate of the manpower necessary to support the model
internally.
Please, let me know more about this option.
Vince
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/01/2000
04:12 PM ---------------------------
Vince J Kaminski
12/01/2000 03:35 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: TO_DO
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/01/2000
03:36 PM ---------------------------
Vince J Kaminski
12/01/2000 03:14 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: TO_DO
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/01/2000
03:15 PM ---------------------------
Vince J Kaminski
12/01/2000 02:16 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: TO_DO
Start project with Elene for Mark
|
US Post Office
10800 Gosling RD
Spring, TX 77381-3750
Phone: 281-298-9290
|
Hi Kim,
I don't see any problem. For the time being, he can keep his desk on the 19th
floor as
well ( and the same phone number). It will be helpful when he has to work
closely with Krishna
under time constraint.
At some point, as we hire more people and run out of space, we can move him
completely to
your floor.
Please, ask your assistant to call Shirley and arrange the move.
Vince
Kimberly Watson@ENRON
01/12/2001 04:21 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Pinnamaneni Krishnarao/HOU/ECT@ECT
Subject: Youyi
Hi Vince!
I hope you and a nice Christmas and New Year! It's nice to be back and in
the full swing of the new year.
I have a question for you. I spoke with Krishna prior to him leaving for
India about the possibility of moving Youyi up to our floor so that we can
work closer with him. Krishna thought that this would be a good idea. It
would be great to have Youyi with us soon so that he will be intimately
involved with the whole approach of our prototype model. Although Krishna
will be back at the end of the month, would you mind if I speak with Youyi
and begin the paperwork for moving him onto our floor? I'm not sure if
Krishna has mentioned this to Youyi yet. I did not want to surprise anyone
and wanted to run this by you or Krishna for final approval.
Many thanks, Kim.
|
Shrley,
No problem.
Vince
Shirley Crenshaw
03/23/2001 02:02 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Anita DuPont/NA/Enron@ENRON, Kevin G Moore/HOU/ECT@ECT
Subject: Vacation
Vince:
I have already requested Friday, April 6th as a vacation day, and if it is ok,
I would also like to take Friday the 30th as a vacation day.
Thanks!
Shirley
|
Melissa,
Please, take a look at this resume. Any interest?
I got it from a headhunter (I don't know her,
it was a cold call on her part and she did not make a good impression).
Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2000
09:01 AM ---------------------------
[email protected] on 01/25/2000 05:34:57 PM
Please respond to [email protected]
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Wayne Tow's Resume
Hi there Mr. Kaminski! It was a pleasure to speak with you today. I look
forward to lunch one day soon at Brennans.
Wayne Tow is a brilliant man, He worked for many years for a man I know
well. This man says, Wayne is as good as it get, and he could do
anything that is assigned to him, and do it at a level in which he was
always amazed.
He loves the E-commerce area, and this is what he wants to do
Thank you, Vince.
Lee Wells
- Wayne2.doc
|
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/09/2000
11:09 AM ---------------------------
Vince J Kaminski
10/09/2000 10:56 AM
To:
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: Fwd: hello from Charles Shen at Williams Co.
Toni,
I would like to bring two people for an interview
One of them sent me a message that is attached below.
I am including the info about the 2nd gentleman below.
I would like to include myself, Vasant Shnabhogue, Tanya Tamarchenko
Stinson Gibner, Zimin Lu, Paulo Issler, Alex Tang on the interview list.
It would be great if we could bring them this week on Friday. Tanya
will be at a training course next week. This means that if Friday this week
is too aggressive,
we should shoot for interviews in 2 weeks.
Sorry for a short notice.
Vince
Jermakyan, Martin
410 Brightmore Downs
Alpharetta, GA 30005
Phone: (770) 753-9341 (h)
(404) 402-8957 (c)
[email protected]
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/09/2000
09:48 AM ---------------------------
[email protected] on 10/07/2000 05:55:11 PM
To: [email protected]
cc:
Subject: Fwd: hello from Charles Shen at Williams Co.
Return-Path: <[email protected]>
Received: from rly-zc02.mx.aol.com (rly-zc02.mail.aol.com [172.31.33.2]) by
air-zc02.mail.aol.com (v76_r1.8) with ESMTP; Wed, 04 Oct 2000 13:43:33 -0400
Received: from web9407.mail.yahoo.com (23.0/24.129.136.216.in-addr.arpa
[216.136.129.23]) by rly-zc02.mx.aol.com (v75_b3.9) with ESMTP; Wed, 04 Oct
2000 13:43:06 -0400
Message-ID: <[email protected]>
Received: from [151.142.252.11] by web9407.mail.yahoo.com; Wed, 04 Oct 2000
10:43:02 PDT
Date: Wed, 4 Oct 2000 10:43:02 -0700 (PDT)
From: Charles Shen <[email protected]>
Subject: hello from Charles Shen at Williams Co.
To: [email protected]
Cc: [email protected]
MIME-Version: 1.0
Content-Type: text/plain; charset=us-ascii
X-Mailer: Unknown
Dear Vince:
How are you? I am not sure whether you still remember
me, we met in a conference last year in Houston. After
having been working for Williams for about two years,
now I am ready to make a move. I have heard Enron is a
great company, I am wondering whether there is any
opportunity for me, either in research group or in
structure group
Here is brief description about myself: Right after I
got my Ph.D. on finance and econometrics from Duke
University in 1998, I joined Williams Energy Trading
company as a Quantitative Analyst. Now I am Lead Quant
and in charge of the quantitative research group with
7 highly talented people. I have done extensive
research and modeling about electricity,
load-following deal and tolling deals.
If you need any additional information, please feel
free to call me at 918-409-4308. I look forward to
hearing from you soon, thank you.
sincerely,
Charles
__________________________________________________
Do You Yahoo!?
Yahoo! Photos - 35mm Quality Prints, Now Get 15 Free!
http://photos.yahoo.com/
|
George,
Wednesday, 1:00 works for me.
Vince
George Hopley
10/13/2000 11:28 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Meeting
It was good to speak with you the other day.
Let's tentatively meet next Wednesday at 1:00 pm.
Let me know if this works for you or if there is another
time that is convenient.
Thanks
|
Becky,
I am sending you two spreadsheets. Headcount gives the allocations by major
business units. Please, see the sheet Allocations. Line 83 gives you the
percentages
you can use.
Budget spreadsheet gives the budget projections. The sheet Allocations has
been modified to
include charges to RAC and GRM. I had to modify extensively the sheet Detail
to account for the size of the group (as compared with 25 rows available to
list the
employees in the original spreadsheet). Please, check the logic of my
modifications
(I hope I copied all the formulas correctly). I had to assume a bonus number.
I shall work on allocations by different business units within ENA
and GRM but it's chasing a moving target. It changes from month to month.
I shall be gone for the next 4 business days. Please, call me and leave a
message
on my voice mail if there is any question. I shall be listening to my voice
messages.
Sorry if there are any problems. I have to rush to catch my plane.
Vince
P.S. Thanks for all the help. I owe you lunch.
|
Barbara,
Sorry to have missed the dinner. I had to work on Sunday to prepare
for my trip to London this week. I called Jeff about it and he said that he
would let you know.
Vince
Barbara Ostdiek <[email protected]> on 03/16/2001 03:11:04 PM
To: [email protected], david Ikenberry <[email protected]>, kanatas
<[email protected]>, [email protected]
cc:
Subject: Jorion dinner
Hello
The dinner with Philippe Jorion is scheduled for 6:30 Sunday evening at
Churrascos. Dave will bring Philippe to the restaurant.
Thanks.
bbo
|
Andrzej,
The phone number is 650 497 6938.
Vince
"Lubowski, Andrzej" <[email protected]> on 10/24/2000 03:01:09 PM
To: "'[email protected]'" <[email protected]>
cc:
Subject: RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture
Great. We will be around. Let's get together. Please, give me a call
(650-570-6509) or/and let me know your phone number in Palo Alto.
Andrzej
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Tuesday, October 24, 2000 12:58 PM
To: Lubowski, Andrzej
Cc: [email protected]
Subject: RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture
Andrzej,
I shall be in the Bay area again for Thanksgiving. I came to SF for one
day to
do recruiting at Berkeley. I hope you will feel better soon.
Vince
"Lubowski, Andrzej" <[email protected]> on 10/20/2000 12:45:25 PM
To: "'[email protected]'" <[email protected]>
cc:
Subject: RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture
Wicku,
I hoped to hear from you. Please, let me know whether your plans have
changed, and if so, when you are coming to Palo Alto.
I spent theer weeks in Europe in September (had dinner with Leszek and
Ewa),
and went to Sydney as a guest of NBC. Upon return I caught a flu, and
travelled heavily congested to New York, which led to some ear
problems.Consequently I intend to stay put for several weeks, and will have
to reschedule my trip to Houston for Dec. or January. Hope to see you here
before then.
Best to all three of you.
Andrzej
-----Original Message-----
From: [email protected] [mailto:[email protected]]
Sent: Friday, August 18, 2000 6:23 AM
To: Lubowski, Andrzej
Cc: [email protected]
Subject: Re: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture
Andrzej,
Thanks. Please, send me the information about the dates
when you plan to visit Houston. Also, the information about
your position/title/responsibilities (as well as the info
about the other members of your team) would be useful.
I shall be in the Bay Area between the 10th and the 20th of October.
Hope to see your then.
Wicek
|
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