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To: chowder who wrote (21632)4/14/2003 9:57:05 AM
From: kollmhn  Respond to of 206325
 
Agreed, Dabum, HOFF looks like it may pull back. Hopefully, it sees the high $2 again yet, I doubt it will get there. If it does, I will lay in the other half of my bet on this name.



To: chowder who wrote (21632)4/14/2003 10:09:20 AM
From: chowder  Respond to of 206325
 
Reliant (RRI) CEO quits.

Reliant Resources CEO Letbetter quits
By Allen Wan, CBS.MarketWatch.com
Last Update: 10:03 AM ET April 14, 2003


HOUSTON (CBS.MW) -- Reliant Resources announced Monday that Steve Letbetter has resigned as chairman and chief executive of the energy services firm.


Reliant (RRI: news, chart, profile) has appointed a board member, Joel Staff, as interim chairman and CEO until a permanent replacement is found.

Letbetter said that he would look for "new opportunities."

In early trading on Wall Street, shares of Reliant rose 2 cents to $4.37.

Earlier this month, the power provider refinanced $5.9 billion of debt, cheering investors who had worried that the company and bank lenders would not be able to come to terms. Read full story.

"Now, with the company's successful refinancing completed, and after three years at Reliant Resources and many years before that at predecessor companies, I'm ready to pursue new opportunities," Letbetter said. "With Reliant well positioned for future success, the time is right for a change," he said in the company statement.

Reliant has hired executive-search firm Spencer Stuart to find a permanent CEO.


cbs.marketwatch.com

dabum