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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?

To: Seeker of Truth who wrote (5325)	6/27/2000 5:26:00 PM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6020

OT An interesting story from Bloomberg on the Investment Banker that was involved in the PCCLF/Cable & Wireless HKT deal possibly going to Softbank: UBS Warburg Mergers/Internet Ace Sola Leaving Investment Bank By Elise Shaw London, June 27 (Bloomberg) -- UBS Warburg said David Sola, former co-head of its European mergers and acquisitions team, is leaving the Swiss Bank's securities unit. Sola, an American, is one of the top investment bankers at the firm, which is part of Europe's third-largest bank, UBS AG. In April, he shifted from the mergers and acquisitions team to the investment bank's Internet group. ``David Sola is leaving the bank,'' said Iona Lawson, a spokeswoman for UBS Warburg. She declined to elaborate. Sola wasn't available to comment and UBS wouldn't confirm market speculation that he's taking a job at Softbank Corp., Japan's largest Internet investor. Softbank is Japan's biggest investors in Web ventures. It buys a stake in start-up companies and when they eventually sell shares to the public, Softbank plows its profit into new ventures. Officials in its Tokyo offices couldn't immediately confirm that Sola was joining the company. Sola joined UBS in 1991 and was London-based for the past 6 years. He's one of the senior officials UBS dispatched to Hong Kong to assist with the $38 billion purchase by Pacific Century Cyberworks Ltd. of Cable & Wireless HKT Ltd. in February. UBS has lost several executives over the past six weeks. Goldman Sachs hired equities analyst Mark Lynch, an 11-year veteran of the firm, and 10 analysts and ``specialist'' sales people have quit the European equity research department. In early June, UBS ranked fourth in the annual Primark Extel survey of investment professionals to determine the best pan- European investment bank. It's adding 100 executives to its staff of 1,150 professionals in European equities.