A New Breed: Corporate Journalists Prevent Merger Burns

Merger mania continues to spread like wildfire with no signs of cooling off, and the trend-du-jour is for East Coast power brokers to acquire West Coast boutiques in an effort to round out their capabilities menus. Last week, financial giant Chase Manhattan announced plans to buy Hambrecht & Quist - an investment firm that carved its niche serving the financial needs of Silicon Valley start-ups - for a cool $1.35 billion.