IN: <<MF April 20th 2001.pdf>> Good Friday Afternoon - Comments From The Local Guys! One of the reasons that we, the Local Guys are pretty exited about the recent rate cut by the Federal Reserves is that we think it will make a real difference. Over the last few months, there has been considerable talk that while capital spending (especially information technology spending) has been budgeted by corporations for 2001, it has, to a large extent, been 'frozen' as the economic uncertainty had taken a grip of corporate comptrollers. We believe that this latest rate cut (and possible future cuts), could well spur greater corporate confidence (as well as spur greater liquidity from the capital markets) and thus free up already allocated budgets for corporate spending. The 30-year US T-Bond yield is 5.81%. The 10-year yield is 5.30%. The 5-year is trading at 4.81%. Spot crude oil is trading at $28.03 p/b. Natural Gas - Henry Hub - is trading at $5.06 p/mcf. AD Time: The Local Guys! - Who We Are. - The partnership of Jordan Larimore and David Morris manages investments for individual and corporate clients. - We help investors achieve their personal and professional portfolio goals. - We manage individual portfolios.. - We use Outside Money Managers. - We utilize the top Mutual Fund Families. - We help with portfolio re-diversification - taking investors out of highly concentrated equity situations and rediversifying those dollars. - We also work on Corporate Stock Option Plans and 144 Restricted Stock issues. - We welcome hearing from you! Call us toll-free at 1-800-227-4537. Lehman's Research.

Generate a subject line.

OUT: The Morning Market Call - Friday April 20th, 2001.

IN: Kal: As we discussed, enclosed is a draft of the letter. Please review and make sure that I have accurately described what will take place and if you find acceptable, please forward on. If any changes need to be made please call me at 33989. carol

Generate a subject line.

OUT: Letter

IN: Guys, as a follow up to our meeting today, I thought I would put together a list of deliverables agreed to in the meeting. The goal would be to have a definitive strategy for HPL and storage assets by the end of July that could be acted upon. a) Elimination of the Entex contract - current value - John L.; b) Storage value algorithm incorporating spread values, increasing intra-day and monthly volatility and blowdown values - Jean M, John L, Jim S.; c) Storage acquisition targets and issues surrounding value/execution - top 5 to 10 for blowdown and tarantula strategy - Jean M, Julie G.; d) Structure, value, cost and issues surrounding Bammel "header" - Jean M.; e) Project Torque - definitive balance sheet, income statement and contribution margin statement for HPL - Wes C.; f) Establish viability of selling HPL assets - small private placement - working with Lehman to finalize value, exection risk, timing, structure et al - Patrick W. I would like this group to get back together in the fourth week of July to determine a final action plan. Regards

Generate a subject line.

OUT: Project Triple Lutz/Tarantula

IN: Please respond to April 25, 2001 Dear Jeff, Thank you for setting aside time to meet with me. I have attached my resume to help bring you up to date on my career. As you will see, I have been providing advisory services since 1995. During these years, I have done some of my best work. I am proud of the service that I have rendered as an independent consultant. Now, I feel it is time to move to a new chapter in my career. I look forward to sitting down with you to think through ways to apply my experience, intellect and energies to new professional challenges. I respect you tremendously, and wherever the next part of my career may lie, I know that my search and choice will benefit significantly from your perspective. Finally, I am attaching the recommendation to HBS that you wrote in 1981. I found it during a profoundly challenging period in my life. Your historic words of support helped me keep fighting and successfully moving forward. If you would like to reach me before our meeting, please call (213) 926-2626 or email kevinscott@onlinemailbox.net . Thank you again.

Generate a subject line.

OUT:
Information for Jeff Skilling from Kevin Scott