Hambrecht & Quist Group's earnings in fiscal 1998 matched 1997's, and so did the compensation of chairman Daniel H. Case 3d.

Mr. Case, 41, was paid $3 million in salary and bonus for 1998, 18% less than a year earlier. But the company's directors gave him a restricted stock award worth $500,000, and he realized another $100,000 by acquiring company stock for less than "fair market value," according to the company's proxy statement.

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