General Investing >> Analyst Interviews >> March 4, 2004


Vadim Zlotnikov is Chief Investment Strategist, U.S. Institutional Services at Sanford C. Bernstein & Co. Mr. Zlotnikov has responsibility for developing portfolio recommendations for the US market. Additionally, he is responsible for separate quantitative analysis and technology sector strategy products. Before undertaking his current position, Mr. Zlotnikov was an analyst covering PC and semiconductor industries, and launched the Technology Strategy product in 1996. Prior to joining the firm in 1992, he spent six years as a management consultant with Booz, Allen & Hamilton, conducting a broad range of strategic and operational studies for technology companies. Mr. Zlotnikov also worked for Amoco Technology Company as a Director of Electronic Ventures, and spent two years as a research engineer with AT&T Bell Laboratories. In the past, he was named to the Institutional Investor All-America Research Team in the semiconductor industry, portfolio strategy and quantitative research. Mr. Zlotnikov earned a BS and an MS in Electrical Engineering from the Massachusetts Institute of Technology in 1984 and an MBA from Stanford University in 1988. Profile
TWST: Vadim, what has gone on in the market in general and in the small

cap segment specifically?

Mr. Zlotnikov: If you look at the market today, there are very few

obvious misvaluations.