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Bear Stearns Provides Insight Into the Telecom Venture Capital Pipeline.


Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 10, 2001

Prominent London and US Based Venture Capitalists

Participate in a Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world.  Conference on

the Venture Capital Outlook in the Telecom Industry

Several notable venture capital executives gathered Wednesday in London to discuss the current venture capital landscape and opportunities that exist in the telecom industry in the US and Europe.

James Henry James Henry is the name of:
  • James Henry (delegate) (1731-1804), US lawyer, Continental Congressman for Virginia
  • James Henry (poet) (1798-1876), Irish poet and scholar
  • James Henry (writer), British comedy writer
, Bear Stearns CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs)  analyst, and Wojtek Uzdelewicz, Bear Stearns telecom equipment analyst, hosted the panel, which included Michael Kennealy, of Spectrum Equity Investors; James Kirby, of Madison Dearborn Partners; Paul Salem, of Providence Equity Partners Providence Equity Partners is a private equity firm headquartered in Providence, Rhode Island that focuses on investments in media and telecommunications. It is one of the largest private investment firms specializing in equity investments in media and communications companies. ; and Randeep Singh Grewal of Tudor Capital.

The panelists evaluated the current state of the telecom markets and discussed lessons learned in the recent telecom shakeout in front of an audience of over 100 institutional investors. Current market opportunities and trends were evaluated, and the panelists provided advice for investors looking to capitalize on the evolving telecom market.

A replay of the conference is available through January 17 at (800) 625-5288. The international replay number is (402) 220-0465. The pass code is 899335.

Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE

See: New York Stock Exchange
:BSC (Binary Synchronous Communications) See bisync. ). With approximately $26.3 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers prime broker and broker dealer clearing services, including securities lending Securities Lending

When a brokerage lends securities owned by its clients to short sellers.

Notes:
This allows brokers to create additional revenue (commissions) on the short sale transaction.
. Headquartered in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
, the company has more than 11,200 employees located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and San Juan; and an international presence in Beijing, Buenos Aires, Dublin, Hong Kong, London, Lugano, Sao Paulo, Seoul, Shanghai, Singapore and Tokyo. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 10, 2001
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