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Technology Stocks : Webvan Group (WBVN)
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To: Rajiv who wrote (195)6/27/2000 11:49:00 AM
From: Rajiv  Read Replies (2) of 464
 
Last week Anthony Noto of Goldman Sachs pumped WBVN causing a substantial pop in WBVN's stock price. This week WBVN announces the takeover offer for HOMG.

Here is the interesting part - Goldman Sachs advised WBVN on this takeover.

It is generally understood that when you are advising a firm on a potential M&A deal, you are not supposed to make any comments on the relevant firm. Anthony Noto clearly violated this rule.

Regards,
Rajiv
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