BRIEF OBJECTS

BRIEF OBJECTS

IPO CLARIFIES UBS STAKE IN PEROT VENTURE

With the initial public offering (IPO) of Perot Systems last week, more details emerged concerning the relationship between UBS--the combined Union Bank of Switzerland and Swiss Bank Corp. (SBC)--and Perot Systems, the IT services outsourcer, which is responsible for managing the IT infrastructure at Warburg Dillon Read, the investment banking division of UBS. UBS has more than 900,000 Perot shares that are fully vested, according to a UBS spokesperson

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