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AES and CHKP reports

See you all Sunday at Jim's house.  -G 

AES report:
Shares Held: 166
Date Purchased: 23-Dec-98 (average unweighted-by-date)
HPD paid: $24.53 (average)
Currently Trading: $ 48.88 @ 1:35pm est, 14-Dec-00 
Percentage Gain: 99.25%
Annualized Return: 41.69% (using average purchase date)

Broker Recommendations:
   Strong Buy     5
   Buy            4
   Hold           0
   (Others)       0

In the news:

AES has been awarded the Barka Power and Desalination Project in the
Sultanate of Oman. ($425 million facility to supply 427 MW (net) of
electricity and 20 million gallons per day (mgd) of water.)

-is bidding to acquire 80% of Chile's Gener S.A. (power company). If it is
successful, AES has an agreement to sell off all of Gener's Argentine
electricity generation and transmission assets to TotalFinaElf (a would be
competitor in the bidding for Gener). Gener shareholders voted to ammend the
rule limiting a single owner to 20% of company (enabling AES to proceed).

AES retail subsidiaries won a contract to supply Wal-mart of Northern

AES said output from three of its power plants in southern California has
been cut in half due to a shortage of NOX pollution credits. Later as CA
suffered energy crisis, plants were brought up again. AES Alamitos LLC unit,
which operates a natural-gas fired electric generating facility in southern
California, settled emission violations and agreed to pay a $17 million

-priced an offering of 10 million shares of common stock at $52.50 per share
(underwritten by Morgan Stanley Dean Witter).

-Won licensing to build and develop power in Brazil.

-bought privately held Colombian power plant operator KMR Power Corp. in a
stock swap valued at $53 million

Brazil's steelmaker CSN will sell its 7.3-percent stake in Light to the
power utility's other two shareholders, Electricite de France and U.S.-based

Britain's energy regulator Ofgem said it would scrap market abuse clauses in
the licenses of six electricity generators after the Competition Commission
rejected the conditions. ``The conditions will be taken out in the near
future,'' Ofgem spokesman Rob Jones said. The ruling by the competition body
was prompted by the refusal of two generators, British Energy and AES Corp
to accept the market abuse conditions which the six other generators had
grudgingly accepted under terms of their licenses. The generators argued the
conditions gave Ofgem too much power and allowed it to be ``judge, jury and

Standard & Poor's will add AES to the S&P 100 Index after the close of
trading on Friday, December 15, 2000.


CHKP report:
Shares Held: 34 
Date Purchased: 25-Apr-00 
HPD paid: $99.06 (average)
Currently Trading: $ 132.38 @ 1:38pm est, 14-Dec-00 
Percentage Gain: 33.63%
Annualized Return: 85.01% -not so relevant because of the short time held.

Broker Recommendations:
   Strong Buy    10
   Buy            7
   Hold           0
   (Others)       0

In the news: 
Check Point Software Technologies announced that a new report shows it has
increased its market share in the worldwide firewall market and remains the
clear leader for the fourth consecutive year, according to IDC. IDC's
``Internet Security Software Market Forecast and Analysis, 2000-2004''
report gives Check
Point 41 percent market share in the firewall software category -- an
increase of nearly ten points over last year.

Check Point is expanding its partnership with Nokia to deliver
comprehensive, integrated security appliances targeted at enterprise remote
offices. Expanding the breadth of Check Point/Nokia security solutions, the
new Nokia IP110 integrates Check Point's VPN-1/FireWall-1software with
Nokia's IP Network Security platform. 

Check Point received the Editor's Choice Award from Network Computing
magazine for the integration, interoperability and breadth of security
solutions, applications and hardware platforms it provides through its Open
Platform for Security (OPSEC).

Check Point has been added to the Nasdaq-100 Index effective with the market
open on December 18, 2000. The Nasdaq-100 Index represents the largest
non-financial domestic and international issues listed on The Nasdaq Stock

Thomas Weisel initiated coverage on CHKP with a 'buy'.

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