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ROBERTSON, STEPHENS & CO. ANNOUNCES INTENTION TO INCORPORATE

 SAN FRANCISCO, Jan. 7 /PRNewswire/ -- Robertson, Stephens & Co., one of the nation's leading investment bankers and money management firms focused on growth companies, today announced its intention to incorporate. It becomes one of the last major bracket Wall Street investment bankers to adopt a corporate structure.
 Sanford R. Robertson, the firm's senior partner and a founder, said that the change was made to better facilitate the company's growth in the 90s. Concurrent with the incorporation, Robertson announced the firm's new senior management structure:
 Robertson assumes the position of chairman.
 Michael G. McCaffery, formerly managing partner and director of Investment Banking, will serve as president and chief executive officer.
 G. Randy Hecht, managing partner and chief financial officer, will serve as the company's executive vice president and chief operating officer.
 Paul H. Stephens, also a founder of the firm, will serve as managing director and chief investment officer.
 Kenneth R. Fitzsimmons Jr., will serve as managing director and director of Capital Markets.
 This senior management group in aggregate has 108 years of experience in the investment banking, investment management businesses, and on average has been with Robertson, Stephens & Co. for 14 years.
 Robertson went on to say that key factors in the firm's decision included the firm's growth to a national presence, its multinational expansion during the last several years, and its need to structure the firm to manage growth in the 90s.
 "We now have offices in San Francisco, New York, Boston and Tokyo," he said. "The challenges and demands of the 90s, we believe, require a structure which can manage growth while maintaining a streamlined, focused approach to our business. We are confident that our new structure accomplishes that."
 Mr. Robertson said that Robertson, Stephens & Co. just completed a record year with revenues exceeding $100 million. The firm managed public equity and convertible securities offerings which combined raised $1,780,880,000 in 1992. It was involved in 15 mergers, acquisitions and divestitures totaling approximately $1,376,000,000 in value and its equity investment management business topped $1 billion in assets during the year. Mr. Robertson said that this was a particularly gratifying accomplishment in light of the fact that the company started its investment management business in 1984 and has been able to achieve outstanding performance while growing assets under management.
 Mr. Robertson said that the firm employs 235 people, including 16 research analysts in five industry areas: technology, biotechnology, health care, environmental services, and retailing and consumer products.
 He stated that research continues to be a priority and, he believes, a key to the success of Robertson, Stephens.
 "Our in-depth research differentiates us from our competition and provides an investment philosophy which is central to the culture of the firm."
 -0- 1/7/93
 /CONTACT: Michael Sitrick or Michael Kolbenschlag of Sitrick And Company, 310-788-2850, for Robertson, Stephens & Co./


CO: Robertson, Stephens & Co. ST: California IN: FIN SU:

MS -- LA035 -- 2852 01/07/93 17:51 EST
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Date:Jan 7, 1993
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