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Robertson Stephens Company

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BUSINESS
April 22, 1998 | James F. Peltz
Citing the likelihood of major layoffs, BankAmerica Corp. said its San Francisco-based investment firm Robertson Stephens will seek another owner now that B of A plans to merge with NationsBank Corp. Charlotte, N.C.
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BUSINESS
April 8, 2004 | From Associated Press
Robertson Stephens Inc. and a former top investment banker at the firm have been fined a total of $350,000 by securities regulators for allegedly trying to extort $1 million from a company as a condition for continued research coverage. The National Assn. of Securities Dealers, the brokerage industry's self-policing organization, announced the civil fines Wednesday of $275,000 against the now-defunct Robertson Stephens and $75,000 against Richard Davies, who worked in the firm's New York office.
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BUSINESS
November 20, 1998 | Bloomberg News
BankAmerica Corp. sold its Robertson Stephens Investment Management business to its senior managers, five months after putting the fund company up for sale as it merged with NationsBank Corp. BankAmerica didn't disclose a sale price for the San Francisco-based fund business, which manages about $4 billion in assets. Analysts said it's worth at most $100 million. G. Randy Hecht, founder and chief executive of the 14-year-old business, will serve as chairman and CEO of the new company.
BUSINESS
January 10, 2003 | Walter Hamilton, Times Staff Writer
During the technology stock heyday of the late 1990s, no company was hotter than Robertson Stephens Inc., a San Francisco investment firm that helped dozens of Silicon Valley start-ups sell stock to investors. But just as the firm symbolized the headiness of the Internet age, it also pointed up some of the era's abuses, as regulatory actions against the now-defunct firm made clear Thursday. Federal regulators ordered Robertson's former parent, FleetBoston Financial Corp.
BUSINESS
June 9, 1997 | From Reuters
BankAmerica Corp. is about to announce a deal to acquire investment bank Robertson Stephens for $540 million, sources close to the situation said Sunday. The proposed deal between the two San Francisco-based companies is the latest in a growing trend among bank holding companies, which are buying brokers because of the easing of a restriction on the amount of securities underwriting a bank holding company can do.
BUSINESS
January 10, 2003 | Walter Hamilton, Times Staff Writer
During the technology stock heyday of the late 1990s, no company was hotter than Robertson Stephens Inc., a San Francisco investment firm that helped dozens of Silicon Valley start-ups sell stock to investors. But just as the firm symbolized the headiness of the Internet age, it also pointed up some of the era's abuses, as regulatory actions against the now-defunct firm made clear Thursday. Federal regulators ordered Robertson's former parent, FleetBoston Financial Corp.
BUSINESS
April 8, 2004 | From Associated Press
Robertson Stephens Inc. and a former top investment banker at the firm have been fined a total of $350,000 by securities regulators for allegedly trying to extort $1 million from a company as a condition for continued research coverage. The National Assn. of Securities Dealers, the brokerage industry's self-policing organization, announced the civil fines Wednesday of $275,000 against the now-defunct Robertson Stephens and $75,000 against Richard Davies, who worked in the firm's New York office.
BUSINESS
March 28, 2000 | From Staff and Wire Reports
Nexgenix Inc., an Irvine company that helps clients develop Web sites and retain online visitors to those sites, will seek to raise as much as $57.5 million through an initial public offering. The Irvine company filed with the Securities and Exchange Commission to sell common stock. It will disclose the number of shares to be sold and their price in a later filing.
BUSINESS
August 10, 2000 | From Reuters and Bloomberg News
Wal-Mart Stores Inc., the world's largest retailer, said Wednesday its fiscal second-quarter earnings rose 28%, in line with Wall Street's expectations, and revenue grew 20% despite sluggish sales in much of the retail sector in the last few weeks. Wal-Mart shares tumbled 7%, however, after the company reiterated that accounting changes will cut third-quarter earnings to about 31 cents a share, or 2 cents below analysts' expectations.
BUSINESS
March 22, 1999 | DEBORA VRANA, TIMES STAFF WRITER
Women First Healthcare Inc., a San Diego-based Internet firm targeting middle-aged women's changing health needs, has filed for a first-time stock offering through underwriter Bear, Stearns & Co. Women First hopes to follow in the wake of last week's successful deal by another women-related Internet firm, IVillage. Women First is looking to profit from the aging population of female baby boomers.
BUSINESS
November 20, 1998 | Bloomberg News
BankAmerica Corp. sold its Robertson Stephens Investment Management business to its senior managers, five months after putting the fund company up for sale as it merged with NationsBank Corp. BankAmerica didn't disclose a sale price for the San Francisco-based fund business, which manages about $4 billion in assets. Analysts said it's worth at most $100 million. G. Randy Hecht, founder and chief executive of the 14-year-old business, will serve as chairman and CEO of the new company.
BUSINESS
April 22, 1998 | James F. Peltz
Citing the likelihood of major layoffs, BankAmerica Corp. said its San Francisco-based investment firm Robertson Stephens will seek another owner now that B of A plans to merge with NationsBank Corp. Charlotte, N.C.
BUSINESS
June 9, 1997 | From Reuters
BankAmerica Corp. is about to announce a deal to acquire investment bank Robertson Stephens for $540 million, sources close to the situation said Sunday. The proposed deal between the two San Francisco-based companies is the latest in a growing trend among bank holding companies, which are buying brokers because of the easing of a restriction on the amount of securities underwriting a bank holding company can do.
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