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“J.P. Morgan, W.R. Hambrecht Hit by IPO Drop on Wall Street West”

May 2, 2003 Bloomberg William Hambrecht gets behind the wheel of his Toyota Solara convertible one or two days a week to drive through Silicon Valley, stumping for investment banking business. He says he’s not finding much right now. He’s the same William Hambrecht who in 1968 founded Hambrecht & Quist Group, the first of the technology-oriented West Coast investment banks. He helped take public Apple Computer Inc. and Genentech Inc. In 1996, his firm managed 42 initial public offerings with a combined market value of $1.9 billion. Now, Hambrecht may as well be prospecting in Death Valley as in …
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