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Article: Don't Tell This Investment Firm Tech Craze Is Fading.
- Article from:
- Los Angeles Business Journal
- Article date:
- May 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Is the tech fad truly fizzling on Wall Street?
You might want to talk to Ken Moelis, head of corporate finance for Donaldson, Lufkin & Jenrette Securities Corp., before voicing an opinion about that at the next cocktail party.
DLJ, long known as a powerhouse institutional brokerage and investment banking house, and for its prowess in junk bonds in the 1990s, has hardwired itself into the "tech-telecom" space in the past two years.
Let's talk numbers: The brokerage keeps 120 investment bankers in Fox Plaza in Century City and wants to hire many more. It also plans to add nearly 40 researchers and analysts this summer, when college lets out, ...