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

Our talented people ... financial strength ... have created our sustainable
and unique businesses.
294. Enron's 00 Annual Report also discussed Enron's various businesses:
Wholesale services is Enron's largest and fastest growing business, with
sustainable growth opportunities in each of its markets....
[A]nd our competitive position is growing stronger.
* * *
Enron Energy Services ... continued to grow rapidly through 2000, with
increasing profits in all four quarters of 2000 .... The value of our contracts in 2000
totaled more than $16 billion, increasing Enron Energy Services' cumulative contract
value to more than $30 billion since late 1997.
* * *
We are positioned to dramatically increase our profitability in 2001. Retail
energy earnings will be fueled by the rapid growth of our U.S. and European
businesses and the strong execution and extension of existing contracts.
* * *
Enron Broadband Services made excellent progress executing its business
plan in 2000. The build-out of Enron's 18,000-mile global fiber network is near
completion, bandwidth intermediation transaction volume is growing
exponentially .... Clearly, the Enron business model is working in the broadband
market.
295. Enron's 00 Annual Report also contained Enron's 00 financial results and statements,
as audited and certified by Andersen:
Enron Corp. and Subsidiaries Consolidated Income Statement
(in millions, except per share amounts)
Year ended December 31,
2000 1999 1998
Total Revenues $ 100,789 $40,112 $31,260
Net Income $ 979 $ 893 $ 703
Diluted earnings per share $1.12 $1.10 $1.01
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