Q: Michael Slade forwarded me your advice with respect to the Non-Disclosure Agreement with i2 Technologies. We appreciate your help on this. Per my conversation with Mark Taylor, this NDA will probably be the first of many coming from the EnronCredit.com business group located here in Houston and pursuing US based customers. We wanted to confirm with you that on a going forward basis that are no tax problems with these EnronCredit.com employees executing NDA's as well as other contracts here in Houston. Thanks for your help with this.
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A: EnronCredit.com Tax Issues

Q: I'm flying to somewhere (probably DC) tonight, returning on Friday. Ozzie is making the travel arrangements, so you don't need to do anything. I'll let you know what else I find out. Thanks,
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A: Travel

Q: Hi Andy. Here's my suggestion (actually it was yours): Product 1 Fin Power Swap Web Visible Offered Qty: 50 Qty Increment: 5 Min Qty: 5 (or whatever you want to use as a minimum) Product 2 Fin Power Swap Ghost Product - not web visible Offered Qty: 200 Qty Increment: 1 Min Qty: 1 Base Link to Product 1 with Bid = 0, Offer = 0, Offset to Last trade of 0 with reset qty of 200 NOT Auto-hedged to Product 1 Product 3 Fin Power Option Auto-hedged to Product 2. Here's what will happen: Suppose the option is traded and to hedge it requires a qty of 15. The actual hedge will be against Product 2. Product 2 offered qty will reduce to 185. Since Product 2 is not auto-hedged to Product 1, there will be no impact on the main swap. The prices for Product 2 will always be exactly those of Product 1 since the bid and offer are 0. Note: Eventually, the offered qty for Product 2 will reduce below the amount needed for hedging a particular trade (for instance, if every trade required a hedge qty of 15, then after 13 trades, your remaining qty would be 5). This is not a problem. The hedging model for options allows for not enough volume being available on the swap. The next trade would simply get fully hedged and pop the qty back up to 200. Since it has an offset to last trade of 0, the bid and offer prices would still be those of Product 1. Also Note: We will have to make sure the power IT guys are prepared to get essentially the same swap (Product 1 and Product 2) under two different product ids. Does this make sense?
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A: solution for hedging options that doesn't decrement swap volume

Q: Computer & Online Law Section This is a REMINDER that the November 1, 2001 meeting of the Computer & Online Law Section of the Houston Bar Association is coming up. The presentation will be given by Thomas D. Carmel, Conoco, on Issues in the Creation of Information Security & Analysis Centers (ISACs) and will be held at the Houston Center Club, 1100 Caroline St., Houston, Texas, beginning at 12:00 Noon. The price for the program is $25 for members with reservations; $27 for members at the door; and $30 for non-members. Contact Mark T. Curry at (713) 759-0818 or e-mail him at Mtc@hwallp.com for reservations. We look forward to seeing you there! No Show Penalty: If you make a reservation, you are expected to pay if you do not cancel by 2:00 p.m. on the Friday before the seminar. The Club bills the Section according to the number of reservations and the Section cannot afford to cover costs of those who neither attend nor timely cancel their reservations. E-Mail Address: In order for us to update our database, if you have not already done so, please provide your e-mail address to Jana Woelfel at jana.woelfel@strasburger.com.
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A:
Computer & Online Law Section