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I am in the office picking up some Stro's tix.
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It sure is quiet for a Saturday...creepy.
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Congratulations !
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Now let's focus on closing the deal and getting someone else signed up.
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Well done all.
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huh ?
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1).
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Reuters will give us 75% of all subscription revenue, which is how the product is sold.
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This is on a monthly or yearly basis.
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phone: 281-437-3307 pager: 713-833-0736 good luck.
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Let's you and I get together for lunch today, and do the same with Brad tomorrow.
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I will be participating by videocon.
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This is where we are with banks for fx product hosting on EOL.
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please put greg piper, phillipe bibi, and greg whalley on distribtuion list.
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Thanks
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I have had you added to distribution list.
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Sounds kind of vague to me.
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I think we should stick to known publications who we think add value.
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In case you guys didn't have a copy.
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done.
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have we heard back ?
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Sorry for the delay in getting back to you, but you know how things are.
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I have tried to get someone in the NPC to talk to me but to no avail.
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I will keep trying but don't hold out much chance...
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A big Mazel Tov on the engagement !
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Married life is the way to go.
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I heard about Sonny.
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Oh well...i didn't really know him that well so i can't say if that was a loss or not.
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I heard Alex is now with Allegheny Power, although I assume that is in NYC not Hagerstown, MD.
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Take care and give me a call...(713) 853 6994
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This looks fine.
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Please distribute to Accenture.
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Thanks,
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open up attached word doc.
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that should cover it.
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thanks.
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would you like me to fill it out and return it to you ?
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sorry for the delay I will have my check tomorrow.
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John, We are sending our bid and offer prices to Reuters for most US Gas & Power products, as well as European Gas and Power, Crude and Refined products, Bandwidth, Coal, Emissions, Weather and Sea Freight.
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We will receive 75% of all revenue Reuters collects from subscriptions to EnronOnline quotes.
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It is an evergreen 1 yr contract with mutual termination rights upon 90 days prior notice.
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We are under no obligations to provide levels of service.
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Revenue expectations: Reuters will charge, initially, $150/month/desktop.
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They have 5,000 Energy desktops worldwide.
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With a more realistic assumption of 50% penetration the yield to Enron would be $3,375,000 p.a.
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This revenue does not include the incremental benefits, in our view, of branding and standardization of our product and liquidity in the marketplace.
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In the future I could see us adding a transactable API to the product through Reuters, which would enhance the ease of transaction by Reuters users.
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If you have any more questions give me a call or drop me a line.
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Can I get a Reuters screen as well ?
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I met with Jeff Sprecher of the Intercontinental Exchange for almost an hour and a half and thought it would be a good idea to bring you up to speed on where they are heading.
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1).
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We now have the complete API to them, but it is hooked up to their test environment.
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They will be sending us a contract to sign before they connect it to their production site.
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He assured me it will be the same contract that all the founders have to sign to get access to it.
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Esentially, if we trade or provide prices the API will be free; if we are voyeurs then we will have to pay for it.
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2).
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He stated that charging commssion is not a denfensible business model.
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They will try to make their money through mid and back office services.
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3).
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Their purchase of the IPE is directly related to implementing 2).
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his vision is to use the IPE infrastrucutre to make all derivative trades cleared and then use the FCM's to fulfill the back office movemment of funds tasks.
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In a nutshell he beleives the FCM's are all interconnected and used to moving money around for settlements and margins through the clearinghouse, so why not expand their role.
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4).
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When I expressed some skepticism about 3).
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he asked if we would like to participate in a forum with other ICE members to discuss shared mid and back ofice services.
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I told him we would.
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If anyone has any questions about this let me know.
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please...
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Next steps are he gets me a contract for the API, and lets me know when they are meeting on mid and back.
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Let's table this for now.
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Too much going on.
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On another note: Where do we stand with TFS ?
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Heard you had ended up at Allegheny.
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In NYC or Hagerstown MD ?
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Drop me a line, I want to discuss something with you.
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Hope all is well.
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Andy
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The propoer contact at Enron for you is Jay Webb.
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He can be reached at jay.webb@enron.com.
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I will foward this to him.
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Good Luck, Andy Zipper
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Over to you.
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I need this deal closed by month end.
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why are we bothering with LOC, I thought we had moved past that ?
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Why wouldn't we use the deal bench auction platform ?
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This provides for open auctions with participants changing their bids in real time, no ?
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Not enough of a background in finance.
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Thanks and keep trying.
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Stewart, It is my strong belief that Kiodex will be most successful in marketing to Fortune 500 corporations.
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These companies have extremely large portfolios of derivative products to hedge various financial risks but do not view running a risk management system internally as core.
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I am interested in your thoughts, and how, if you agree, we can influence the company in this direction.
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Andy Zipper Enron Networks
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Batten down the hatch's and get ready for young Scott's first experience with Tropical Storms !
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Here comes Allison !
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On another note we went live with TQ yesterday.
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Unbelievable huh...We did one trade with Tuscon Elec.
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the first day and today we did three, all with PG&E, who happen to own 40% of TQ.
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Pretty lame.
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On a good note, we hit a record today with BrokerClient, 53 trades.
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46 power and 7 gas, which is nicely diversifying.
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