Word: towbin
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Dates: during 1980-1989
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...firm has good potential or a good product, it has usually already attracted the attention of investment bankers, who aggressively seek out prospects to earn the profits that come from underwriting the initial public offering. Says Chairman Thomas Unterberg of New York City's L.F. Rothschild, Unterberg, Towbin, a leader in new issues: "Getting there first is very important. The firm that gets the deal is usually the one that got there first and then spent the most time...
Once he reaches his Wall Street office by cab at 8:30 a.m., Unterberg, 53, keeps on hustling. As chairman of the investment-banking firm of L.F. Rothschild, Unterberg, Towbin, he has a talent for finding young companies ready to go public and selling their stock. He spends nearly half his time on the road, particularly in California, scouting for prospects. In 1983 Rothschild underwrote new issues worth $1.4 billion. The biggest: a $123 million stock offering in Diasonics, a Milpitas, Calif., firm that makes advanced medical diagnostic devices. On that deal, Rothschild earned a fee of $1.7 million...
...experts who have seen Harvey's program think it may prove to be one of those rare pieces of software that open up the computer market to a new class of consumer. "It's both educational and entertaining," says Michele Preston, an analyst at L.E Rothschild, Unterberg, Towbin in New York City. In fact, the program seems to be as versatile and competent as its creator. Harvey, a blond-haired Eagle Scout, not only tinkers with computers but holds down a 4.0 average at Uplands High School, played halfback on city football teams, twice took first-place honors...
...Steven Jobs, the Macintosh is based on the technology developed for the Lisa but will sell for only $2,500. Experts estimate that Apple will sell 350,000 Macintoshes next year, in contrast with 46,000 Lisas. Says Analyst Michelle Preston of Wall Street's L.F. Rothschild, Unterberg, Towbin: "Mac is the future of Apple...
...haul, Bendix may indeed have been wise to buy into RCA, despite the unusually tart reaction. The only risk for Bendix is that RCA's price will fall. For that one chance of failure, however, there are several of success. Says Analyst James Magid of L.F. Rothschild, Unterberg, Towbin: "Bendix just put its money on the table and now can sit back and wait. The long-term value is there...