April 3, 1998 |
Techniclone Corp., concerned that its stock may be delisted for failing to meet the $1-per-share minimum requirement on the Nasdaq SmallCap market, said it hired an investment banking firm. The firm will help the company seek financing alternatives, potential partnerships and other arrangements aimed at raising its stock price. Ironically, the company's stock closed at $1 a share Thursday for the first time since Jan. 30. The shares were up 28 cents for the day.
December 20, 2000 |
Morgan Stanley Dean Witter (MWD) and Goldman Sachs Group (GS), two of the biggest U.S. investment banks, said fiscal fourth-quarter earnings fell as revenue from trading and investment banking declined amid sliding equity markets. Morgan Stanley's quarterly net income fell to $1.21 billion, or $1.06 a share, from a record $1.63 billion, or $1.42 per share, last year. The results fell short of First Call/Thomson Financial's average estimate of $1.29 a share.
January 19, 1999 |
Thomas Weisel, former head of NationsBanc Montgomery Securities, opened a new investment bank to focus on such industries as technology, media and health care. Weisel, 57, said he hired 90 people, including 35 partners, to join Thomas Weisel Partners. About half of the staff is from BankAmerica Corp.'s investment banking arm, NationsBanc Montgomery, from which Weisel resigned in September. His firm has raised about $65 million in capital, Weisel said.
CALIFORNIA | LOCAL
October 24, 2000 |
Quintek Technologies Inc. in Camarillo has entered into an agreement with Travis Morgan Securities Inc., a division of National Capital Cos. Inc., for investment banking and retail brokerage services. National Capital was founded in 1992 to provide investment banking, brokerage trading and financing services, primarily to rapidly growing small-cap companies.
June 5, 1998 |
BancAmerica Robertson Stephens & Co. said investment banking chief Misha Petkevich, 49, will leave once BankBoston Corp. completes its purchase of the San Francisco-based firm. In addition, Paul Sherer, 39, head of telecommunications investment banking, said he has not signed a contract to remain and is both talking with Robertson Stephens about a change of assignment and exploring outside prospects.
August 28, 2002 |
Wells Fargo & Co. is expanding its investment banking business by opening an office in Chicago and hiring bankers in New York and in the Midwest. The San Francisco-based securities arm of the bank named Steve Moss a managing director to head the Chicago office. Moss previously led a 12-member team at Merrill Lynch & Co. that worked with computer, imaging and other technology companies.