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Ebb & Flow

Whispers of a deal between NASDAQ and EASDAQ are heating up in Europe, and market watchers told Ebb & Flow they anticipate news in the coming weeks on the creation of a pan-European trading platform (see BioCentury, Feb. 5).

A NASDAQ-EASDAQ tie-up - with potentially greater volume and a larger investor base - could create difficulties for other European high tech markets, as evidenced by the unwillingness of several key European funds to comment on the initiative. One fund manager, who spoke on condition of anonymity, told Ebb & Flow, "My comments could be seen as negative for the Neuer Markt, as I have the feeling that creation of a NASDAQ-led pan-European exchange would see the movement of new companies towards the NASDAQ initiative and away from other high tech markets."

There also is speculation that U.S. fund managers would be more prone to trade in European names under the aegis of NASDAQ, but Peter Keen, managing

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