The ENRON Scandal Message Board

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Non-Tech : The ENRON Scandal

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To: Karen Lawrence who wrote (23)	1/10/2002 3:00:50 PM
From: Logain Ablar	Read Replies (1) of 5185

Karen: ENE's colapse did not start till the 3rd qtr earnings conference call when Lay off the cuff indicated the $1.2B write off, after they made "pro forma" operating earnings. This is what dropped it from mid 20's to 20 (a major support level) and once thru 20 to 8 area b/4 DYN acquisition moved it towards 11 area. This was all after October 10th (probably a week and half after but I'm not checking on the cc). Astute investors jumped after Shilling left in August. All they had to ask is who leavs a $2 million loan forgivenes and 30M severance deal on the table if they stay thru year end. Fatsow (sp??) the CFO and Andersen & partners will be the most vunerable to civil / criminal risks. The CFO has David Boyles as attorney so I'd bet only Andersen gets nailed but then only on civil no criminal charges. Finger pointing all around. Going after Cheney makes good press but its off base and just pi**ing in the wind.

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