Enron Corp. - University of California | Office of The President

The company hopes to capture 10 percent to 20 percent of that revenue,
Chief Executive Kenneth Lay told analysts in New York. Enron estimates the
market this year at $30 billion.
* * *
... The network now covers 12,325 miles and reaches cities including New
York, Houston and Los Angeles. It will expand to 18,000 miles by 2001.
213. On 2/28/00, CS First Boston issued a report on Enron. It forecast 00 EPS of $1.35
and a 15% five-year EPS growth rate for Enron. It also stated:
Meeting with Enron President and COO, Jeffrey Skilling reaffirms Broadband
potential and values
We recently met with Enron President and COO Jeffrey Skilling .... We continue to
be very impressed by [EBS's] ability to sign contracts with established long haul
telecom carriers and their ability to facilitate the rapid evolution of a bandwidth
trading market.
... ENE's long term revenue and operating income projections detailed at its
analyst meeting indicate a potential discounted present value for Enron's
broadband communications business approaching $30 billion.
Enron Broadband has already established a superior broadband delivery network
....
* * *
Mr. Skilling indicated the market reception to ENE's unique video streaming
services continues to be outstanding. Customer reception is strong across the board,
with many customers asking, "When can we start?" The recent deal with US West
exemplifies the very strong reception from "baby bells" in their race with cable
companies to install high-speed residential DSL services.
Broadband intermediation continues to progress rapidly.
214. Each of the statements made between 7/13/99 and 2/28/00, were false or misleading
when issued. The true but concealed facts were:
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