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Enron Mail |
yea, i'd be willing to take a look at any of these ideas.
-----Original Message----- From: "Gapinski, Michael" <michael.gapinski@ubspainewebber.com<@ENRON [mailto:IMCEANOTES-+22Gapinski+2C+20Michael+22+20+3Cmichael+2Egapinski+40ubspainewebber+2Ecom+3E+40ENRON@ENRON.com] Sent: Thursday, August 09, 2001 2:32 PM To: Arnold, John Subject: The Syndicate Game John - I want to float an idea past you to see if you have any interest. In the past, I have not made a habit of participating in PaineWebber syndicate offerings because, frankly, investment banking was not our strong suit. Now, with the UBS merger, our deal flow is starting to look much better (see press release below). 5.79% isn't a mind-blowing number, but it is impressive in light of market conditions and the fact that "UBS Warburg was the only bank to have a positive return among the 17 banks listed including Merrill Lynch, Morgan Stanley, Goldman Sachs and Salomon Smith Barney." As the market rebounds, I think you may benefit from participation in IPOs and other syndicate deals. If you have an interest in this, let me know and we'll discuss it further. Thanks. January 12, 2001 UBS Warburg has been ranked first in IPO performance for US offerings in 2000, according to Commscan's Equidesk. Achieving a 5.79% return, the result is particularly significant considering the Bank was not involved in any of the top 10 largest IPOs of the year. Lead managing 12 IPOs, UBS Warburg was the only bank to have a positive return among the 17 banks listed including Merrill Lynch, Morgan Stanley, Goldman Sachs and Salomon Smith Barney. UBS Warburg also tied first place for IPO "batting average" (the % of IPOs that trade above issue price), achieving the highest "batting average" overall. Three deals in 2000 which helped achieve these impressive statistics include Intermune Pharmaceuticals, Luminex, and Bruker Daltonics. < Michael Gapinski < Account Vice President < UBS PaineWebber, Inc. < 713-654-0365 < 800-553-3119 x365 < Fax: 713-654-1281 < Cell: 281-435-0295 michael.gapinski@ubspainewebber.com Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your UBS PaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by UBS PaineWebber and UBS PaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: UBS PaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees.
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