Joe Hirko, former co-CEO of the Enron Broadband Unit, testified Tuesday he didn't lie to Wall Street about the unit's capabilities in 2000 despite internal documents that indicated the network and software were still undeveloped.

Prosecutor Ben Campbell on Tuesday presented e-mails and internal documents generated before and after the January 2000 analyst conference that described the operating system as something that needed to be defined and developed. Hirko repeatedly said such communications meant a future version of what Enron already had, even though none mentioned a current version in operation.

A February 2000 memo to all broadband employees that Hirko said he helped draft and approved noted the analyst presentation included an announcement of a partnership with Sun Microsystems "to jointly develop a broadband operating system."

Asked whether that portion of the memo was true, Hirko replied, "No, because you wouldn't develop an existing phase, you would develop a new phase."

"But it doesn't say 'next phase'?" Campbell asked.

"No, it doesn't," Hirko said.

Hirko, of Portland, Ore., was finance chief of Portland General Electric, the Pacific Northwest utility Enron acquired in 1997. He took charge of the utility's fledgling telecommunications unit, which he thought had the potential to become a competitive broadband startup.

Hirko, his former co-CEO Kenneth Rice and former Enron CEO Jeffrey Skilling formally rolled out the unit to Wall Street analysts at a January 2000 conference. Analysts who influenced Enron stock were dazzled, and the company's share price jumped to $54 from $72 the day after the conference.

Their presentations focused on a new broadband trading market, a potential unit value of $29 billion based on anticipated revenues and an operating system that had such unique features as an ability to reserve space on the broadband network to avoid cyberspace clutter.