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To: Bucky Katt who wrote (6341)	11/13/2001 7:24:29 PM
From: paret	Respond to of 48461

Hey, does anyone here buy into the story that a flock of birds took down that American A-300 plane yesterday? I believe it. The Associated Press said it! So did Dan Blather, Tom Brokejaw, and Howdy Doody's son (Ted Koppel). You gotta have faith.

To: Bucky Katt who wrote (6341)	11/14/2001 3:02:22 AM
From: paret	Respond to of 48461

Enron Chairman Says He Won't Take $60 Million Compensation Package if Dynegy Deal Closes By Kristen Hays Associated Press Writer Nov 14, 2001 HOUSTON (AP) - Enron Corp. Chairman Ken Lay turned down up to $60.6 million that he stood to receive once the nation's top buyer and seller of natural gas is merged into its smaller, but stronger rival Dynegy Inc. "He has told the employees that he has given a lot of thought to this over the last few days and in light of the circumstances surrounding the company and after listening to the employees he has decided the best thing to do is waive his right to the payment," Enron spokesman Vance Meyer said. Lay decided it best to forego the Enron compensation package after consulting with employees Tuesday. He let those who work for him know of his decision via voicemail. Meyer said the compensation package is the only merger related payment Lay is eligible for from Enron. A Dynegy spokesman, John Sousa, said the company is unsure if Lay could receive a retirement package from them. Enron had a conference call scheduled for 9:30 a.m EST today. Dynegy's purchase of Enron, worth at least $9.8 billion in stock, would trigger a clause in Lay's contract that gives him a lump sum of $20.2 million for each full calendar year remaining in his contract if there is a change in control of Enron, according to documents filed Tuesday with the Securities and Exchange Commission. Lay's contract with Houston-based Enron runs through 2005. Dynegy executives have said they hope to complete their acquisition of Enron by next summer. The Houston-based energy marketer will assume $13 billion of Enron debt. The Enron name will vanish when the deal is completed. Investors continued to bid up both companies' shares Tuesday, in the second day of trading following announcement of the deal. Dynegy shares rose $2.63, or 6 percent, to close at $44.94 on the New York Stock Exchange, where Enron shares rose 74 cents, or 8 percent, to close at $9.98. Enron shares have gained 17 percent since Thursday, the day before the merger was announced, but the shares are still a fraction of their 52-week high of $84.87. Dynegy entered talks to buy Enron last month as the trading giant's stock price plunged about 80 percent in the weeks following Enron's posting of a $618 million third quarter loss. The company also disclosed a $1.2 billion reduction in shareholder equity related to partnerships run by company officers, which allowed Enron to keep about half a billion dollars in debt off its books. Those partnerships are now under investigation by the Securities and Exchange Commission. Enron ousted chief financial officer Andrew Fastow, who ran some of the partnerships, and restated its earnings back to 1997. But those actions failed to restore investor confidence. Chuck Watson, Dynegy chairman and chief executive, will retain those roles for the combined company while Lay steps down when the deal is done. Enron spokeswoman Karen Denne said Tuesday the compensation provision given a merger or other change of control has been in Lay's contract since 1989. Such protections are common for chief executive officers, she said. In February, Jeff Skilling replaced Lay as president and CEO of Enron and Lay retained his title as chairman. Lay stepped back into the other roles when Skilling unexpectedly resigned in August, citing personal reasons.

To: Bucky Katt who wrote (6341)	11/14/2001 10:01:32 AM
From: Silver_Bullet	Read Replies (1) \| Respond to of 48461

From briefing.. 09:57 ET Xybernaut (XYBR) 2.14 +0.09 (+4.9%): Edges higher on pcworld.com article that early next year security personnel in major U.S. airports will be equipped with wearable computers, introduced at Comdex this week, so they can instantly identify suspicious travelers based on face recognition technology. XYBR says the device will allow security personnel on the terminal floor to positively identify a suspect... volume 129K. A little late on the news.. would have been great if it was about 45 days ago... FT