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Technology Stocks : StorageNetworks, Inc. (STOR) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Furley who wrote (94)	1/31/2001 9:37:37 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 187

Interesting deal with Enron: biz.yahoo.com Monday January 29, 2:40 pm Eastern Time Enron claims first commodity data storage deal HOUSTON, Jan 29 (Reuters) - Enron Corp (NYSE:ENE - news),the energy marketing giant that has been making inroads into markets such as bandwidth, metals and pulp and paper, said on Monday it had struck the first deals in a newly created market in which it expects data storage to be traded as a commodity. Enron executives have long talked of helping to establish a commodity market for data storage, but the deals announced on Monday actually put the idea into practice. The Houston-based company said it had struck a deal with StorageNetworks Inc (NasdaqNM:STOR - news) under which storage capacity owned by that company will be connected to pooling points in Enron's high-speed broadband telecommunications network. Connection to the network will enable storage capacity to be bought and sold as it is needed by users. In a separate arrangement, Enron said consumer electronics retailer Best Buy Co (NYSE:BBY - news) had agreed to purchase data storage capacity from Enron because it offered lower costs and greater flexibility than acquiring and managing its own storage. Enron did not disclose financial details of either of the two data storage deals.