QUESTION: Please respond to Sivy on Stocks SIVY ON STOCKS from money.com April 25, 2001 Construction project The need for aggressive oil exploration and new electrical power plants should be a bonanza for firms like Fluor that can manage such projects on a global basis. By Michael Sivy It may seem hard to believe today, but back in the 1970s, one of the hottest stock groups was Construction and Engineering. These C&E firms managed mega-projects, including oil refineries and pipelines in the Middle East, and were minting money because of the oil shortage. But during the past decade, the energy crisis seemed like only a distant memory. And even the best C&E firms, such as Fluor [FLR], ran into trouble. For most of the late 1990s, Fluor's earnings were stagnant. The company over-expanded in 1994 and subsequently began missing its growth targets. As the problems got worse, the stock fell from a high of $75 a share in 1997 to less than $23 early last year. To fix these problems, Fluor decided it would be smart to split the company in half, separating its C&E businesses from its coal-mining operations, which now trade as Massey Energy [MEE]. Since the split late last year, Flour has been doing well and appears poised for even better times to come. But this improved performance has gone unnoticed by many investors because the division of the company and the shift of its reporting schedule from a fiscal to a calendar year have made earnings comparisons difficult. In fact, some research sources have stopped following the stock altogether. That's a pity because the outlook for energy is better than it's been in a decade. The scare of higher crude prices should greatly improve prospects for oil projects, while electricity shortages in California -- and possibly
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ANS: Sivy on Stocks: Construction project

QUESTION: Mr. Hodge, At the recommendation of Eric Boyt, I forwarded you a copy of my resume last month in hopes of getting it passed on regarding a legal analyst position posted on the Enron web site. I appreciate your efforts to forward it on to the people who posted the position. I am writing to request that if you are aware of any other openings that could use a person with my skills set, I would greatly appreciate it if you could forward on my resume. In case you lost the previous email, I will attach my resume to the bottom of this email. Again, I want to thank you for all of your assistance.
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ANS: Employment Opportunities

QUESTION: Sara, Further to my voicemail message of this afternoon, attached is the "merger letter". As it happens, both Chase and Morgan had ISDA agreements in place. The letter selects the Chase agreement (which, as you know, we amended earlier this week), as the preferred agreement, and terminates the Morgan agreement. Please review and call me (212-270-2673) if you have any questions. If the letter is acceptable, please call me and I'll arrange for execution copies to be sent to your attention. Thankyou again for you help.
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ANS:
Merger Letter