I'm getting my head above water WRT the demand letters we sent in early March and all the associated fallout from those letters. Preparing for our next move to bring in more cash. We can send more demand letters for Mar02 non-paid invoices (don't know yet how many there are) and/or pursue default interest payments associated w/ the previous demand letter payments. Sara and Angelo, let's get together to plot out our next actions. I'll set up a meeting.
Answer: New Round of Demand Letters?
As you may know, Enron, its directors, and certain current and former officers are defendants in litigation in Federal and state court. Some of the litigation claims relate to the performance of the Broadband Services Division. Enron has employed counsel and they will represent Enron and its interests in the litigation. Under the Private Securities Litigation Reform Act, we are required to preserve documents that might be used in the litigation. Accordingly, our normal document destruction policies are suspended immediately and shall remain suspended until further notice. Please retain all documents (which include handwritten notes, recordings, e-mails, and any other method of information recording) that in any way relate to the performance of the Broadband Services Division, including, but not limited to, the demand for bandwidth, the Company's efforts to create a trading market for bandwidth, and the creditworthiness of participants in the market for bandwidth. You should know that this document preservation requirement is a requirement of federal law and you could be individually liable for civil and criminal penalties if you fail to follow these instructions. You should know that Enron will defend these lawsuits vigorously. In the meantime, you should not discuss matters related to the lawsuits with anyone other than the appropriate persons at Enron and its counsel.
Answer: Important Announcement Regarding Document Preservation (Broadband Issues)
Hello all, I know, I know... the updates have been few and far between. But here it goes. Its about 1:30 pm on a gorgeous Sunday afternoon. I had a safe trip to Ooty and back chaperoning the high school girls field hockey trip. Ooty is another hill station about an 8 hour bus trip from here. The students travel there about 3 times a semester to compete in various sporting events. Its significantly bigger so there are more schools (and more shopping opportunities) there to compete with. We left Thursday afternoon and arrived Thursday evening. On Friday, it was the outdoor field hockey competition between 4 schools. The girls won 2nd place. On Saturday the girls won first place in indoor hockey. Hebron, a British missionary school, hosted the tournament. It was the first time I saw so many people that looked like me. It was unbelievable how many blond hair, blue-eyed people there were. Hebron was founded around the same time Kodaikanal International School was (about 100 years ago) and while KIS has transformed itself from a purely American Christian school to an International School, Hebron has remained virtually the same with regards to its Christian beginnings and to the students enrolled. Its largely British, with Australians and New Zealanders and very few Indian students. I had a great time getting to know the girls and answering a lot of their questions about the States for the 12th grade girls who have applied to colleges in the US. The trip was amazing, but also a bit depressing. Its so sad to travel through. Some of the living conditions are unbelievably poor especially in the plains. We are also so fortunate to be able to live the way we do. Anyways... I am also extremely busy substituting a 9th grade English honors class. The teacher is out for 2 weeks for a supposed spider bite and skin graph. I really wish I had paid more attention in high school. The students are reading Shakespeare and luckily its Romeo and Juliet. ITs about the only Shakespeare story that anyone can fumble through. It was to initially be a supervisory role when we thought he would be out 3 days but its now more a teaching role since hes out for 2 weeks. Can't wait for him to return. Gotta run. Want to try to take a nap before ultimate frisbee. Didn't make it home until 3 am last night from Ooty. I will be sending another email mid-March after long weekend. I am heading to the southern state of Kerala with Priya and her family for a boating backwaters trip through some Indian villages. Hope all is well! Take care. Love,
Answer: India Update
Everyone: Thanks for the data you have sent. The initial analysis phase has been completed. Towards reaching our ultimate objective we request October 2001 (actual) net A/R data rolled up to the corporate parent and November 2001 (estimated) net A/R data rolled up to the corporate parent. Please send your files to me by noon Thursday, November 1. On Thursday afternoon, Tim Proffitt and I would like to schedule meetings with someone from each group to review the data and confirm our understanding of the receivables cycle. If you have any questions, concerns, or suggestions, please call me as soon as possible. Thank you for your help.
Answer:
net A/R data request