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Strategies & Market Trends : Value Investing

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To: 249443 who wrote (13733)	1/24/2002 2:11:49 PM
From: Bob Rudd	Read Replies (1) of 78567

<<Previously, I had listened to Calpine's update conference call on operations -- caused by the Enron concern -- and had thought the call went well and management had credibility. Then I listened to the Williams call. There are a few questions pertaining to what Calpine & industry does vs. what Williams does -- and I decided Calpine had way to many risks for my tastes.>> Could you briefly summarize those risks here? TIA

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