enron mentions usa enron shares hit lowest level since july 1992 reuters english news service 10 30 01 wolf haldenstein law firm announces class action suit behalf purchasers enron non common equity stock including preferred preferred related stock enron corp business wire 10 30 01 uk uk power prices lower mild weather hits demand reuters english news service 10 30 01 stocks close lower investors react economic data dow jones business news 10 30 01 enron shares fall day moody lowers rating correct bloomberg 10 30 01 epdc spend 500 mln abroad japan deregulates power market bloomberg 10 30 01 enron default insurance signals eroding confidence update 5 bloomberg 10 30 01 u equity movers anthem cvs enron hispanic broadcasting bloomberg 10 30 01 enron chairman weathers storm many houston believe lay get firm back track business dallas morning news 10 30 01 usa enron shares hit lowest level since july 1992 10 30 2001 reuters english news service c reuters limited 2001 houston oct 30 reuters shares enron corp tuesday dropped lowest level nine years tuesday day embattled energy giant said seeking fresh credit rating agency cut company debt two notches junk status enron stock 2 86 20 7 percent 10 95 late trading new york stock exchange extending company losing streak 10 th straight day last time shares traded 11 july 1992 cutting enron rating monday moody investors service warned could lower rating company senior unsecured debt even well cut enron short term debt status houston based enron lost 15 billion market capitalization past two weeks amid series disclosures balance sheet deals partnerships run former chief financial officer replaced last week wall street journal said tuesday edition u securities exchange commission sec moved inquiry deals regional office fort worth texas washington c headquarters indicating probe treated high priority copyright 2000 dow jones company inc rights reserved wolf haldenstein law firm announces class action suit behalf purchasers enron non common equity stock including preferred preferred related stock enron corp 10 30 2001 business wire copyright c 2001 business wire new york business wire oct 30 2001 following announcement law firm wolf haldenstein adler freeman herz llp wolf haldenstein adler freeman 2 enron failure write impaired assets timely basis accordance gaap 3 company operating results materially overstated result company failing timely write value investments certain limited partnerships including described october 16 2001 enron surprised market announcing third quarter 2001 company taking non recurring charges 1 01 billion tax 1 11 per diluted share enron failed clearly disclose october 18 also taking 1 2 billion writedown shareholders equity result unwinding investments limited partnerships controlled mr fastow since announcement 1 2 billion writedown shareholders equity market price enron preferred securities dropped significantly lawsuit brought behalf preferred shareholders enron include among others following classes stock 1 enron capital llc 8 00 11 30 43 series 8 million shares outstanding traded new york stock exchange 2 enron capital trust 8 3 series 8 million shares outstanding traded new york stock exchange 3 enron capital trust ii 8 1250 series preferred r 6 million shares outstanding traded new york stock exchange 4 enron capital trust iii 200 000 shares outstanding 5 enron capital resources lp 9 0 8 31 24 series 3 million shares outstanding traded new york stock exchange 6 portland general electric 7 75 6 15 07 series 300 000 shares outstanding traded nasdaq 7 portland general electric 8 25 12 31 35 series 3 million shares outstanding traded new york stock exchange purchasers convertible preferred stock included class plaintiff seeks recover damages behalf purchased otherwise acquired enron preferred securities purchased otherwise acquired enron preferred securities class period either lost money transaction still hold securities may wish join action serve lead plaintiff purchased enron preferred securities class period may later december 21 2001 request court appoint lead plaintiff lead plaintiff representative party acts behalf class members directing litigation order appointed lead plaintiff court must determine class member claim typical claims class members class member adequately represent class certain circumstances one class members may together serve lead plaintiffs ability share recovery however affected decision whether serve lead plaintiff may retain wolf haldenstein counsel choice serve counsel action although may contact retain counsel one law firms representing common stock shareholders related litigations recommend anyone owns preferred securities contact attorneys represent preferred shareholders wolf haldenstein extensive experience prosecution securities class actions derivative litigation state federal trial appellate courts across country firm approximately 60 attorneys various practice areas offices chicago new jersey new york city san diego west palm beach reputation expertise firm shareholder class litigation repeatedly recognized courts appointed major positions complex securities multi district consolidated litigation interested included action serving one lead plaintiffs please contact wolf haldenstein adler freeman herz llp 270 madison avenue new york new york 10016 telephone 800 575 0735 george peters derek behnke robert b weintraub esq jeffrey g smith esq daniel w krasner esq via e mail classmember whafh com visit website http www whafh com e mail refer enron preferred securities contact wolf haldenstein adler freeman herz llp new york george peters derek behnke robert b weintraub jeffrey g smith daniel w krasner 800 575 0735 15 43 est october 30 2001 copyright 2000 dow jones company inc rights reserved uk uk power prices lower mild weather hits demand 10 30 2001 reuters english news service c reuters limited 2001 london oct 30 reuters uk electricity prices dipped tuesday pressured sagging prompt market mild weather dented demand liquidity fell around 10 companies kept hold dealings u group enron reviewed credit arrangements troubled company problems liquidity many prices serious said one trader enron mainly via enrononline internet platform one uk market biggest traders day ahead baseload last traded around 15 20 pounds megawatt hour five pounds previous close offered 15 45 pounds close traders blamed lower expected demand due warm weather prompt market weakness national grid said demand middle last week two percent period last year december baseload also fell sharply assessed around 19 05 pounds 70 pence forward curve prices also dropped bearish tone took hold across market summer 02 baseload 10 pence 17 32 pounds winter 02 baseload shed 20 pence 19 70 pounds copyright 2000 dow jones company inc rights reserved stocks close lower investors react economic data erin schulte 10 30 2001 dow jones business news copyright c 2001 dow jones one point average 200 points nasdaq composite index dropped 32 11 1 9 1667 41 tumbling 69 44 monday indexes also lost ground economists surveyed thomson global markets expected october reading 96 month report previously cited bond market strategists indicator particular importance gauge response consumers weeks following sept 11 terrorist attacks new york washington also level confidence u continues face threat anthrax ian shepherdson chief u economist high frequency economics said number short awful however added much decline could blamed present situation number tumbled 107 6 125 4 saving grace numbers present situation index tells us little future spending fell much expectations number real forward looking value said expectations number dropped 70 8 78 1 consumer confidence report one several key indicators due week wednesday bureau economic analysis report third quarter gross domestic product thursday national association purchasing management report manufacturing sector fared october labor department closely watched monthly unemployment data released friday selling key international markets also pressured wall street frankfurt dax 2 5 london financial times stock exchange 100 share index 1 6 earlier japan nikkei 225 average closed loss 0 94 hong kong hang seng index fell 1 among stocks watch cvs one big board biggest losers tumbling 23 drugstore chain posted 23 decline third quarter net income unveiled restructuring plan includes shutdown 200 stores first quarter next year also merrill lynch cut company long term rating accumulate buy shrinkage poor general merchandise sales supermarket type discounting robbing company vital year end gross margin flourish said merrill lynch analyst mark husson problems fixable believe much investors get excited intermediate term rite aid walgreen followed cvs path lower declining 9 5 2 7 respectively merrill lynch cut long term ratings accumulate buy dow component eastman kodak biggest loser industrial average sinking 6 9 lehman brothers said wal mart stores ready unveil private label film offering could hurt sales kodak film mcdonald also big loser among dow industrial components giving 4 7 fast food chain cut earnings guidance 2002 improvement 5 10 well traditional double digit guidance company also said take charge current quarter cover restructuring dow component philip morris lost 4 goldman sachs analyst marc cohen removed tobacco giant recommended purchase list lowered 2002 earnings estimate 4 45 share 4 53 represents 10 profit growth instead previously expected growth 12 enron shares tumbled 19 credit concerns persisted houston energy trading company moody investors service lowered ratings one notch company senior unsecured debt kept company review possible downgrade securities exchange commission moved inquiry enron finances agency washington headquarters regional office major u market action stocks fell big board 1 30 billion shares traded 2 159 stocks fell 943 rose nasdaq 1 79 billion shares traded hands bonds gained 10 year treasury note rose 1 2 point 5 1 000 invested yield moves inversely price fell 4 416 30 year bond 3 4 point yield 5 215 dollar mixed traded 121 94 yen 122 97 late monday euro fell dollar 90 46 u cents 90 48 copyright c 2001 dow jones company inc rights reserved copyright 2000 dow jones company inc rights reserved enron shares fall day moody lowers rating correct 2001 10 30 16 48 new york enron shares fall day moody lowers rating correct corrects today low price second paragraph houston oct 30 bloomberg enron corp shares fell 19 percent touching lowest level nine years day moody investors service placed largest energy trader rating commercial paper review downgrade lowered long term debt two notches junk status shares enron dropped 2 65 11 16 earlier stock fell 10 90 lowest since july 1992 stock 10 th day row tumbled 87 percent year moody lowered enron long term credit rating baa 2 baal yesterday also placed company p 2 rating commercial paper review possible downgrade think investors would loved downgrade stable outlook company commerzbank securities analyst andre meade said moody left uncertainty meade enron shares rates company accumulate executives exelon corp american electric power co northeast utilities said still trading enron watching closely nervous probably right word watching closely aep chief executive officer linn draper said energy conference new orleans focusing new deals short term november december columbus ohio based aep biggest u electricity generator traders often buy sell power delivery next day week month quarter calendar year bloomberg energy service quoting power prices far ahead september 2003 keeping close eye exposure exelon corp co chief executive officer john rowe said conference keeping tight dollar limit trades declined provide specifics chicago based exelon biggest u nuclear power producer three weeks ago started monitoring position enron northeast chief financial officer john forsgren said conference right net payable exposure side probably keep way northeast based berlin connecticut continue trade enron long debt ratings remain investment grade forsgren said northeast new england biggest utility owner sec inquiry wall street journal reported u securities exchange commission inquiry enron financial dealings affiliates run company former chief financial officer andrew fastow moved washington signaling investigation become serious investors say worried 3 3 billion liabilities affiliates formed buy sell enron assets houston based enron ousted fastow wednesday amid sec inquiry partnerships ran cost company least 35 million energy stocks also fell today price natural gas new york mercantile exchange dropped much 3 7 percent standard 19 percent 700 megawatt plant run thai oil power co epdc also building thailand first biomass plant outside japan uses agricultural waste fuel favorite destination thailand favorite destination believe political risk almost zero said epdc takaraya still little bit dangerous concentrate portfolio one country next acquisition may stake gas fired power plant philippines said epdc overseas campaign demonstrates japan change policy company set 1952 build hydro coal fired power stations reduce dependence oil fired power help meet increasing demand industrial growth 58 hydropower plants eight thermal stations able generate much 16 015 megawatts 6 4 percent country capacity epdc sales year ended march rose 10 percent 4 1 billion gross profit rose 7 percent 292 million june 1997 japan cabinet decided privatize company within five years part proposed deregulation sale expected 2003 would help cut company debt totaled 2 1 trillion yen 17 billion 30 times capital march japan power producers able sell bonds paying little 0 5 percent asia biggest borrowers tepco owed 7 76 trillion yen long term debt march epdc says aware political risks investing asia chooses markets carefully time go indonesia takaraya said enron default insurance signals eroding confidence update 5 2001 10 30 16 32 new york enron default insurance signals eroding confidence update 5 adds background 10 th paragraph new york oct 30 bloomberg price investors pay protect bond default enron corp doubled week reflecting erosion confidence biggest energy trader shares plunged 10 th day hedge losses next 18 months investors pay much 16 5 percent face value bonds week ago insurance cost 7 5 percent according creditsights inc enron made lot people nervous concern nervousness seep enron operating business said austin ramzy director fixed income research principal capital income investors des moines iowa owns 190 million enron bonds question day whether crisis confidence stopped increase price called default swaps another reflection along 65 percent decline enron shares past two weeks investors losing confidence company analysts said enron shares 19 percent today 11 16 fallen every day since company surprised investors writing 1 2 billion assets oct 17 enron 6 4 percent coupon bonds due 2006 bid 73 cents dollar traders said much 7 cents yesterday price 80 cents debt yields 14 5 percent 12 1 percent yesterday 10 8 percent friday exposure banks wanting hedge risk pushing price higher said andy palmer enron bonds 1 25 billion helps manage asb capital management inc enron default protection risen less 3 percent per year price common similarly rated companies energy traders williams cos inc dynegy inc default insurance premiums 2 percent per year traders said increase enron credit default swaps may overstating default risk said palmer purchasers default swaps mainly banks loan exposure enron banks price sensitive institutional investors said palmer want get exposure books principal capital institutional investor said buy protection 190 million enron bonds john tompkins trader credittrade credit derivatives brokerage said interest among buyers though sellers enron default swaps said bids enron credit default swaps 7 8 percent annually five years protection 12 percent annually three years contract offers enron credit one world biggest non bank traders default insurance undisclosed largest energy trader troubles began two weeks ago reported 1 01 billion losses including 544 million written competitive energy supplier business bandwidth trading business enron formed least 18 affiliated companies buy sell company assets according records texas secretary state affiliates profited enron used 1 2 billion company stock buy back assets partnership houston based company losses included 35 million partnerships set chief financial officer andrew fastow fastow later fired chief financial officer u securities exchange commission asked information transactions disclosure set concern among investors little known enron balance sheet caused ratings companies examine company investors nervous name said freda lam fixed income analyst j p morgan chase co new york investor relations enron long term debt rating cut yesterday baa 2 two levels junk baal moody also placed houston based company p 2 rating commercial paper borrowing nine months less review downgrade enron shut commercial paper market since ratings agencies began review lack access money markets makes difficult enron borrow short term cash needed run trading businesses ahead potential cut enron took bank lines repay 2 billion commercial paper last week still many wall street expects enron bonds paid stock price bounce back suspect enron share price likely recover near term lam said ultimately expect company successful needs improve investor relations disclosure u equity movers anthem cvs enron hispanic broadcasting 2001 10 30 13 24 new york u equity movers anthem cvs enron hispanic broadcasting new york oct 30 bloomberg following list companies whose shares moving u markets monday oct 29 stock symbol parentheses company name major moving stocks anthem inc ath rose 4 57 13 percent 40 57 traded high 40 80 health benefits company raised 1 78 billion initial public offering cvs corp cvs fell 8 01 25 percent 23 61 traded low 23 drugstore chain said profit year unexpectedly decline close 200 stores cut jobs early next year moving stocks crossworlds software inc cwld rose 1 02 29 percent 4 56 traded high 4 58 international business machines corp ibm agreed buy maker electronic commerce software 129 million cash csg systems international inc csgs fell 6 94 18 percent 32 26 traded low 30 40 provider billing services cable satellite television companies expects 2002 earnings 2 2 15 share lower 2 48 average estimate analysts polled thomson financial first call ctc communications group inc cptl fell 90 cents 13 percent 6 traded low 5 26 provider telecommunications services expect positive earnings interest taxes depreciation amortization fourth quarter ending march one quarter later previous estimate dycom industries inc dy fell 1 40 11 percent 10 99 traded low 10 75 provider engineering construction services telecommunications companies said profit excluding certain costs first quarter ended saturday 13 cents 15 cents share basis accordance generally accepted accounting principles profit 5 cents 7 cents expectations company said statement distributed pr newswire enron corp ene fell 2 51 18 percent 11 30 traded low 11 07 securities exchange commission move investigation energy trader washington fort worth texas sign agency wants make quick decision whether allege securities law violations wall street journal reported ensco international inc esv fell 2 25 10 percent 20 32 traded low 20 offshore oil driller downgraded hold add abn amro securities llc analyst matthew conlan hispanic broadcasting co hsp fell 2 76 15 percent 15 25 traded low 15 05 spanish language broadcaster said third quarter profit fell 8 cents share 12 cents year earlier sold less advertising homestore com inc homs fell 74 cents 13 percent 5 15 traded low 4 86 internet real estate listing service downgraded market outperform recommend list goldman sachs co analyst anthony noto macrovision corp mvsn fell 8 75 26 percent 24 72 traded low 23 80 maker copyright protection software expects fourth quarter revenue unchanged 23 million third quarter expected sales 31 5 million average estimate four analysts surveyed first call mcdonald corp mcd fell second day dropping 1 61 5 9 percent 25 67 stock traded low 25 55 fast food chain yesterday said open 200 fewer restaurants buy back much 5 billion stock company tries turn around four quarters falling profit odwalla inc odwa rose 3 29 28 percent 15 12 traded high 15 21 coca cola co ko agreed buy natural fruit drink maker 181 million cash coca cola pay 15 25 share odwalla common stock openwave systems inc opwv fell 1 91 21 percent 7 08 traded low 6 69 maker software accessing internet mobile phones said sales second quarter ending december 100 million less 123 4 million average estimate analysts polled first call rehabcare group inc rhb fell 13 48 35 percent 25 22 traded low 23 manager hospital rehabilitation services said fourth quarter earnings 41 cents 42 cents share company expected earn 46 cents average estimate six analysts polled first call royal caribbean cruises ltd rcl rose 1 66 18 percent 10 81 traded high 10 95 cruise line company third quarter net income 82 cents share compared 72 cent average estimate analysts polled first call sulzer medica ag sm american depositary shares 10 represent one share fell 1 49 35 percent 2 80 traded low 2 30 maker orthopedic products said court allow individual lawsuits faulty hip knee implants casting doubt plan group settlement enron chairman weathers storm many houston believe lay get firm back track business bruce nichols 10 28 2001 dallas morning news lh copyright 2001 gale group inc rights reserved copyright 2001 dallas morning news l p houston last 15 years enron corp transformed sleepy gas pipeline company energy trading giant chairman ken lay changed along mere titan business houston leading citizen business reversals hit enron mr lay ripples felt throughout civic life city held virtually every leadership position corporate name graces baseball stadium two months heir apparent resigned mr lay seen company buffeted investors oust chief financial officer securities exchange commission looking deals former cfo played dual roles enron hedge group sense probably little soon tell impact ken said bob eury president central houston inc downtown development group loss enron leadership would profound mr eury added houstonians expect mr lay weather company difficulties continue marvelous leadership community still one going surprised mr lay preoccupied ship fire address first said oilman george strake worked mr lay civic projects mr lay 58 returned chief executive role august protege jeffrey k skilling quit ceo president six months job mr lay cited burdens last week resigned director 2 technologies software developer based farmers branch painful decision mr lay said prepared statement taking ceo responsibilities enron must reduce outside activities enron fall hard 52 week peak 84 62 dec 28 stock tumbling months skidded way 15 40 friday close half value two weeks earlier profits remain strong company announced write downs key assets totaling 1 01 billion tax nonrecurring expenses wall street analysts turned coldly skeptical hostile mounting troubles enron confirmed securities exchange commission inquiry deals involving departed cfo andrew fastow pressure enron replaced wednesday troubles lead advocate electricity market restructuring enron found furious attack california energy crisis last spring investments communications water businesses soured huge power plant project india become problem mr lay said concern misplaced say least disappointed stock price told investors last week businesses performing well continuing conduct business usual sec interest welcome opportunity provides us put matters rest said skepticism mr lay pull enron back middle road exists houston doubters want quoted name necessarily betting considering past successes houston nobody dancing grave said lawyer david berg active civic political affairs lot residual respect ken lay going go away even goes bankrupt going happen wall street reaction financier charles miller wall street veteran said analysts appear ganging enron making indefensible comments might criminal made bank wall street may envious fact trading standpoint may made one profitable trading operations history world tell soundly mr miller said wall street comes different interpretation exit two top executives two months company problems sec inquiry time information company breached confidence level one thing another said john parry analyst john herold inc 1980 oil banking real estate busts colored houston attitude toward business reversals say seen fortunes rise fall rise 90 houston less likely lose leaders temporary setbacks energy banker matthew simmons said cities new struggling shut mr simmons said houston think genius real estate investor ned holmes recalled exxon corp suffered 1989 alaska oil spill chamber commerce threw reception express support appreciation company civic contributions turned told know difficult deal important part community turning back mr holmes said people feel every bit strongly ken hard overstate importance mr lay enron houston chaired co chaired committees leading houston playing host g 7 summit 1990 republican national convention 1992 chaired university houston board regents plans new baseball stadium hit snag mid 1990 assembled group investors buy land facilitate deal led voter approval enron bought naming rights astros new home enron field mr lay helped lead efforts win voter approval new basketball arena construction backed rail transit measures clean houston air wife linda active charities supported political candidates new model reinventing 100 billion year energy trader enron created business model energy companies followed making houston leader new kind commodities market enron whose influence extends white house president bush midst adding houston skyline building 40 story building next door 50 story building already occupies losing mr lay enron leadership would sizable blow said jim kollaer president greater houston partnership business boosting group includes chamber commerce pulled back answer questions going take time mr kollaer said still functioning civic regard