I cant help but feel we are waiting for the other shoe to drop.

SpectraNet, a startup that shocked Pacific Bell by obtaining the rights to Anaheim's fiber-optic network for 30 years, has attracted investments of $15 million each from energy giant Enron and a group led by Donald L. Sturm.

It also changed its name to FirstWorld Communications, its trade name, elected Sturm chairman and said goodbye to CEO and founder Renney Senn.

"Senn was the vision and entrepreneurial spirit of SpectraNet," said Bob Cerasoli, the company's chief strategic officer. "In classic entrepreneur tradition, he realized the need for seasoned management and stepped aside. He left on great terms and is still around quite a bit."

Enron and the Sturm group will be represented on the board of directors of the company. The company is looking for a CEO.

http://findarticles.com/p/articles/mi_qa5293/is_199802/ai_n24332151/?tag=content;col1