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

Compelling growth and rising return platforms across all business units
showcased at analyst meeting.
With this report we are increasing our 01 estimate from $1.65 to $1.80. We are
introducing a 2002 estimate of $2.20 per share.
Estimate increase due to strength at Energy Services and Wholesale units.
Broadband growth acceleration another plus.
* * *
... EBS has achieved its goal of worldwide connectivity and contracting with metrofiber
providers in major cities.
* * *
With its Network complete, EBS has begun to move ahead into Intermediation and
Content Services. EBS has done over 300 transactions in traded bandwidth with
a total of over 5,000 DS3 months of service delivered.
* * *
... The Blockbuster deal is up and running in four markets on a test basis with 12
more markets scheduled for this year.
286. On 1/31/01, Skilling appeared on NPR, was interviewed and stated:
In summary, we had a tremendous year in the year 2000. Strong results
reflect what we believe is breakout performance in all of our operations. The
results also further demonstrate our leading market positions in each of our major
businesses.
287. On 2/1/01, Lehman Brothers issued a report on Enron. It rated Enron a "Strong Buy,"
increased Enron's forecasted 01 and 02 EPS to $1.75 and $2.05 and maintained a 20% five-year EPS
growth rate for Enron. It also stated:
• Conference Served To Highlight Superior Franchise. Earnings Targets
Lifted Given Leading Market Positions, Entry Into High-Growth Markets
And Redeployment Of Capital. Raising Our Estimates And Target Price.
* * *
• 2001 Earnings Target Materially Ahead Of Historical Guidance Of 15%.
- 227 -