Third Trial's The Charm

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Post-yesterday's Free Frank celebrations, the San Jose Merc takes a moment to remind those with short-term memories why his overturned conviction is important:

Quattrone was once one of Silicon Valley's most successful financiers of technology companies during the days when red-hot initial public offerings would routinely double, triple or more in price, netting huge profits for early investors. He managed the IPOs of such well-known companies as Cisco Systems, Netscape Communications and Amazon.com.

This means that we've finally come full circle. The guy who did the Netscape IPO is on trial for the third time, Jason Calacanis is running Netscape while Marc Andreesen does a social networking startup and red-hot IPOs are back to doubli--well, not yet. But soon.

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