ONE OF THE BEST PERFORMING IPOs WORLDWIDE

The Equity team lead managed Phone.com's initial public offering in June, one of the best performing IPOs worldwide in 1999. Phone.com serves as a case study for the multiple product solutions CSFB can provide to our clients in a rapidly emerging market. Phone.com is a new company that enables consumers around the world to surf the Web from their mobile phones through their traditional telephone service providers. In 1998, CSFB's Technology Group invested a little less than $1 million in Phone.com as a small venture capital stake. This year our relationship grew to include a $60 million private placement in March, the $74 million IPO in June, a $400 million buy-side assignment of a European competitor in October, and a $1 billion secondary offering in November.


Brady W. Dougan
Head of Equities