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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.

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