Goldman's Not-So-Golden Glow in the Summer of '98

``Goldman is still the premier draw among Wall Street investment banks for college grads and MBAs, drawing standing rooms on its less-frequent campus visits. But any serious recruit who bothers to read up on the ticker "GS" knows that Goldman, public since 1999, isn't even trading at liquidation value. In the first half of this year, the firm posted its worst revenue in seven years, weighed down by moribund investment- banking numbers. At the end of June, Goldman's employee headcount was down 9 percent from a year earlier. Management vows to cut even more.''