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Bermudian Mr. Kurt Eve has advised one of the largest banks in the world, a major upscale European car-maker and one of the largest US insurance

The 36-year-old son of former Member of Parliament and Olympic sailor Mr.Warren Eve is also the San Diego businessman who wants to bring state of the art technology for personal communications to his country men.

The 36-year-old son of former Member of Parliament and Olympic sailor Mr.

Warren Eve is also the San Diego businessman who wants to bring state of the art technology for personal communications to his country men.

Last week, he applied to the Telecommunications Commission for the right to bring two industry-leading companies that are on the cutting edge of new technology to Bermuda with their Personal Communications Services (PCS).

The end result would be light, portable, personal telephones that would keep anyone who wants to, constantly in touch.

If approved, Bermuda could join the system by 1996 along with less than a handful of jurisdictions that are already on-line.

The former Saltus schoolboy, who left Bermuda to do his GCE `O' levels and `A' levels in England and went off to Babson College, spent two years as a research associate for Boston Consulting Group in Boston that devised strategic business plans for large corporations.

By 1981, he was back in school, this time at Harvard Business School, where he spent two years obtaining his MBA.

After that he joined top consulting firm, McKinsey and Company in New York, where he was a consultant in general management.

Mr. Eve remembers: "It is very high-powered, rigorous, analytical work covering a wide spectrum of business issues. You are exposed to a variety of business interests. I was there for 18 months, and in that period, I worked for a US bank that was one of the largest in the world, one of the major European carmakers and one of the largest US insurance companies.

"It was a stepping stone but I wanted to receive the benefits of my work. The first question asked of a consultant who works for a consulting firm is: "If you are so good, so smart, why aren't you working for yourself.

"I decided to do it myself. I spent the first year doing a feasibility study on a Bermuda airline and moved to San Diego in 1985.'' He hooked up with Mr. William Ingram and started an investment firm, Ingram-Eve Inc. He became a founder and director of IVIE Industries, a security hardware manufacturing concern in Orange County, California.

Ingram-Eve helped IVIE in the acquisition of of two privately owned companies.

Mr. Eve identified the acquisition candidates, structured the acquisitions and arranged the financing.

IVIE industries was set up just for that purpose, when a venture capital firm, Interven Partners, offerred to provide the $2.5 million start-up capital and hold 75 per cent of the stock. Mr. Eve and Mr. Ingram split the remaining 25 percent.

"They wanted to acquire companies. I used to go out and find companies for us to acquire, then look at the operations of the company, structure the transaction, arrange the financing and then sit on the board,'' he said.

"I used to screen companies that were undervalued,'' he said, "such as private companies where the owner-operator might be ready to retire.'' IVIE has about $10 million in annual revenue. Two companies have been acquired. Ultimately, Mr. Eve looks to liquidate Ivie Industries and do the same thing for Ingram-Eve.

"I see business opportunities on a day to day basis,'' he said. One of them brought him home to Bermuda.

San Diego is a world-wide leader in digital communications and the home of PCS. A chance reading about the new technology in a California newspaper allowed him to hit on the idea for Bermuda.

He said: "Bermuda is in the international forefront in terms of business.

There are a lot of business people here. They are the ones who will find this technology indispensable. It only makes sense to try to form a company that can bring the service to Bermuda.

"It wouldn't be that difficult to do, requiring the installation of ten or twelve cells around the Island. Each cell is about the size of a very small coffee table. And as a Bermudian, you know that I would be cognisant of the environmental impact.'' PCS only exists in London, Berlin and Thailand at the moment. It is estimated that in the next twenty years, the majority of people in the west will have a digital, wireless and completely portable telephone.

Mr. Eve felt Bermuda could have it by the end of next year. He just incorporated Bermuda Digital Communications Ltd. and if he is given a licence by Government, he will issue stock to raise $1.5 milllion in capital to fund the company for the first 18 months while various studies and preparations are being made.

A second public share offerring would be made on the Bermuda Stock Exchange at a later date to raise an additional three to five million dollars.

Two US companies have already expressed interest in being joint venture partners and becoming minority shareholders in the company. They include Qualcomm of San Diego, the firm that makes the PCS technology, the acknowledged leader in the field of digital cellular technology.

The second firm is Cellular Communications International of New York, which operates a cellular telphone system in the United States and in other countries. They would provide the necessary software and billing expertise.

Mr. Eve has dual status (US and Bermudian citizenship), but he would spend a lot more time here, if the venture gets off the ground.

Having had a father who sailed for Bermuda in the Olympics twice, it was no surprise when he was part of the crew for Peter Bromby during International Race Week for five consecutive years up to 1992.

Mr. Kurt Eve.