Karl joins First Union Securities from C. E. Unterberg, Towbin, where he was a partner and senior analyst covering communications semiconductors. Prior to Unterberg, Karl was an associate analyst with Deutsche Bank Alex. Brown where he was part of a research team covering a broad range of semiconductor companies. Karl received his BA from the University of Massachusetts.
“Karl’s presence in this space will bolster our growing communications equipment franchise and extend our existing semiconductor research efforts,” said Anthony Gallo, National Director of Research for First Union Securities. “We are excited to have Karl join our team.”
First Union Securities' Equity Research division currently has 40 senior analysts covering nearly 500 companies in nine main sectors: Communications, Technology, Real Estate, Healthcare, Industrial, Energy, Media, Consumer & Business Services and Financial Services.
First Union (NYSE:FTU), with $254 billion in assets and stockholders' equity of $15 billion at December 31, 2000, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and full-service brokerage offices in 46 states. Online banking products and services can be accessed through www.firstunion.com.
Important Notice: First Union Securities is the trade name under which Charlotte based First Union Corporation conducts its investment banking, merger and acquisition, asset management and mutual fund, brokerage and insurance businesses.
First Union Securities includes: (1) First Union Securities, Inc. (“FUSI”), a registered broker-dealer and member NYSE/NASD and SIPC providing investment banking, merger and acquisition advisory and brokerage services to corporations, individuals and other institutions throughout the United States; (2) First Clearing Corporation (“FCC”), a separately registered broker-dealer and member NYSE/NASD and SIPC, providing securities clearance and settlement services; (3) First Union Securities Financial Network Inc., a separately registered broker-dealer and member of the NASD and SIPC providing full service brokerage services; (4) the Capital Markets and Capital Management Groups within First Union National Bank (“FUNB”), a national banking association, and its subsidiaries, providing asset management, lending, structured finance, risk management, derivatives, and fiduciary services to institutions and individuals; (5) various subsidiaries within First Union Corporation providing investment advisory, administrative and other services to the Evergreen and Mentor families of mutual funds; and (6) various wholly-owned state insurance agencies.
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