Frederick Ziegel

FREDERICK ZIEGEL, CFA, has more than 30 years of experience following a
wide range of technology industries, most recently concentrating on
security and application management companies. He is currently employed
by Mackinac Research LLC, a research organization affiliated with Soleil
Securities Group, a leading provider of independent research to
institutional investors. Mr. Ziegel was a Managing Director for the
technology research business unit at Tucker Anthony Sutro Capital
Markets. He was a founding partner of Punk, Ziegel & Knoll, an
investment boutique focused on technology and health care, where he was
Director of Research while also following communications and networking
companies. Prior to that, he was a senior technology analyst at Needham
& Company and Salomon Brothers. Before coming to the sell side more than
20 years ago, Mr. Ziegel was a senior technology analyst at American
Express Financial Advisers Michigan State University and an MBA from
Eastern Michigan University.