November 3, 2000

Alston & Bird to Chair "Barbarians on the Net III: Europe"

Firm to Sponsor European Session of Successful American Program

The current volatile climate in the technology sector of all major world markets has caused a radical rethinking of strategy from both companies and investors. In the European currency market the battered Euro is not expected to recover any time soon, despite sweeping intervention from the world’s seven richest nations. Even in the booming American economy, the Nasdaq composite has seen unprecedented turmoil and dramatic losses in value in the fourth quarter this year. The drop has caused market authorities to ask the question: Is the 10-year run of the bull market over? Once popular IPO’s are becoming less and less feasible for many firms as they continue to struggle to raise cash. The resulting trend toward web consolidation has reshaped the prevailing business strategies in the United States and is on its way to Europe.

In response to the need for practical strategies and innovative solutions to contend with the prevailing uncertain climate, SRI will be hosting the November 13th-14th, Amsterdam conference, "Barbarians on the Net 3: Europe Web and Technology M & A Buyouts."
Hunter Holliday will participate in the program.

Topics to be explored at the conference include:

* Trends in European Web Consolidation: What lies Ahead in the Future?

* Deal Flow: Which New Economy Sectors will be Most Affected by Consolidation?

* Exit Strategies in the current Climate

* The Yanks are Coming (or are they?) Will European or US Firms be the Driving Force behind Europe’s New Economy Consolidation?

Alston & Bird counsels and represents a wide variety of e-business and Internet support companies in connection with their corporate finance needs, international roll-outs, acquisitions and technology related matters. They are particularly active in international aspects of electronic commerce and the global launching of Internet products and services. Paralleling its growing global E- commerce activities, Alston & Bird has built one of the largest Internet and E-Business practices in the U.S. The Firm's Internet and
E-Business practice includes over 180 attorneys with experience in domestic and international licensing and distribution of information software and content, systems integration and outsourcing, new media, telecommunications, electronic commerce, digital signatures, intellectual property protection and litigation, capital formation at all stages of growth, IPOs, mergers and acquisitions and joint ventures – all as they apply particularly to technology, electronic commerce and traditional businesses.

With offices in Atlanta, Georgia, Washington, D.C., Charlotte and the Research Triangle in Raleigh, North Carolina, Alston & Bird is one of the largest and oldest law firms in the country. Its more than 500 attorneys provide a full range of services to domestic and international clients who conduct business all over the world. In addition to technology and e-commerce, Alston & Bird’s practice areas include: securities litigation, financial services, tax and employee benefits, capital markets and investment, finance and public finance, intellectual property, international, trial and appellate, health care, real estate, environmental, antitrust and investigations, bankruptcy, reorganizations and workouts, fiduciary, and labor and employment.
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