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

with Enron's continued ability to produce strong earnings growth in its core
wholesale energy businesses. The profitability improvement at the retail segment
was also very impressive. We fully anticipate that the company will be capable of
producing EPS growth in excess of 15% .... Enron management unleashed a
dramatic strategy that projects monumental earnings potential over the next 5
years....
... ENE shares continue to have significant upside potential.... [W]e encourage
investors to add to positions in ENE shares at this time. We reiterate our BUY
recommendation on ENE shares.
238. On 6/1/00, Enron sold $385 million of 7.875% Notes due 6/15/03, with Lehman
Brothers acting as underwriter.
239. On 7/3/00, JP Morgan issued a report on Enron. It rated Enron a "Buy," with a $105
price target and forecast 00 and 01 EPS of $1.41 and $1.69 for Enron. It also stated:
release stated:
Enron shares dipped 4 points for no fundamental reason – this decline was not the
result of any adverse news or event.... We believe the fundamentals for the stock
are solid ....
* * *
Enron continues to exceed targets for both its energy and telecommunications
businesses, and we have the utmost confidence in its ability to execute on both its
short- and long-term agendas....
We reiterate our Buy on Enron (ENE) with a target price of $105.
240. On 7/19/00 Enron announced a new video-on-demand ("VOD") service via EBS. Its
Enron and Blockbuster to Launch Entertainment On-Demand Service
Via the Enron Intelligent Network
Enron Broadband Services, a wholly-owned subsidiary of Enron Corp., and
Blockbuster Inc. ... announced today a 20-year, exclusive agreement to deliver a
Blockbuster entertainment service, initially featuring movies on-demand, via the
Enron Intelligent Network. The agreement brings together for the first time a
global, end-to-end solution that can effectively deliver a wide variety of secure, ondemand
entertainment.
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