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To: RR who wrote (44448)	11/26/2001 4:51:07 PM
From: Ex-INTCfan	Read Replies (3) of 65232

The case for diversification (ENE) From money.cnn.com HOUSTON (Reuters) - After climbing utility poles in all kinds of weather for 35 years, Roy Rinard was hoping to retire in a few years. But that was before the collapse of Enron Corp.'s stock price devoured his retirement savings. "I'm basically wiped out," said Rinard, 54, who works for Portland General Electric, an Oregon utility company acquired by the Houston-based energy trading firm in 1997. "I'm right back to ground zero and I'll have to go on working as long as I can," said Rinard, who suffers from arthritis and a lung condition that leaves him short of breath. Encouraged by Enron's then-strong performance and the company's bullish view of its future prospects, Rinard moved all of the money invested in his 401(k) retirement account into Enron stock earlier this year. But it proved to be a costly decision as the value of his account fell from $470,000 a year ago to around $40,000 today. Rinard now hopes a lawsuit filed in U.S. District Court in Houston will recover at least some of his money. (for more of the article, see the above link)

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