text_combined: usa persistent problems chinking enron armor original message djcustomclips djinteractive com enron mailto imceanotes djcustomclips 40 djinteractive 2 ecom 40 enron enron com sent thursday april 12 2001 2 34 pm 168842 mailman enron com subject rahil jafry usa persistent problems chinking enron armor usa persistent problems chinking enron armor c bryson hull 04 12 2001 reuters english news service c reuters limited 2001 houston april 12 reuters teflon around energy trading powerhouse enron corp starting show scratches negative events past months india broadband unit begin take toll analysts say make mistake wall street still sees houston based giant energy convergence sector leader analysts polled thomson financial first call still believe enron meet earnings per share targets 1 75 2001 stock dropped lowest levels since late 1999 slide started news enron keystone broadband content deal blockbuster inc fallen apart stock traded mid 80 recently february stock market recent collapse string negative news friday traded 57 45 new york stock exchange 1 06 cents 1 8 percent well high 90 56 last august share price bulletproof counts pushing 90 50 energy sector done quite well underperformed quite bit seem bulletproof analyst andre meade commerzbank securities said meade said price fall came investors took bad news enron valuation particularly devaluing broadband business broadband market initially gave full credit investors got smart next year got bad news could argue valuation pulled meade said bad news neither starts ends latest negative item came wednesday california federal judge ordered enron return university california california state university systems direct power access enron says cost 12 million month universities lawsuit claimed enron energy services breached power management contract could cast shadow houston based company power risk management arm recently saw huge upsurge business involving similar multimillion dollar deals large corporations bad news includes broadband layoff talk failed water company spinoff azurix inc impending sell north american assets failure video demand deal blockbuster word 2 billion sale utility portland general unlikely go continuing payment problems dabhol power plant india long running dispute india reared head monday enron confirmed issued notice political force majeure maharashstra state electricity board mseb consistently defaulted payments force majeure event beyond control contractual party could prevented one steps process protecting rights one step step enron spokesman john ambler said enron already invoked payment guarantees indian national government refused cover mseb 21 9 million december bill enron mseb settle another dispute fine mseb wants 85 8 million fine levied cover outstanding bills layoffs redeployments another nettling problem enron news trouble enron broadband services ebs cutting edge unit encompasses nascent bandwidth trading operation broadband content services business recently enron answer questions reduction number employees ebs stock market faltering confidence telecoms generally two weeks ago company characterized word layoffs broadband unit nothing internal redeployment staff areas growing higher rate word games initially said redeploying word heard inside company way put probably little said analyst john olson houston investment house sanders morris harris ebs spokeswoman kelly kimberly monday said 227 employees leaving broadband unit work areas company elected go redeployment pool already moved corporate another business kimberly said kimberly exact figure number opted take severance package characterized small percentage rough weeks ebs also suffered blockbuster debacle last month two announced mutual end 20 year exclusive video demand deal considered cornerstone ebs content services push folder name rahil jafry relevance score scale 100 79 review revise folder visit http www djinteractive com contact dow jones customer service e mail custom news bis dowjones com phone 800 369 7466 outside u canada call 609 452 1511 contact local sales representative copyright c 2001 dow jones company inc rights reserved