Industry & Services >> Analyst Interviews >> June 24, 2002

Commercial Aerospace & Defense Stocks: Sam Pearlstein – Wachovia Securities

Sam J. Pearlstein is a Managing Director in Equity Research at Wachovia Securities. He focuses on covering the defense and aerospace group. Prior to joining First Union Securities (the prior name of Wachovia Securities) in March 2000, he was a Director at ING Barings focused on equity research for similar companies. He is a three-time Wall Street Journal All-Star Analyst after being cited in 1999 and 2002 for stock picking and in 2000 for earnings accuracy. Mr. Pearlstein is currently the President of the Aerospace Analysts Society. Prior to ING Barings, he was associated with Oppenheimer & Co., Inc., IBM Corporation and Grant Thornton. Mr. Pearlstein has an MBA in Finance from the Stern School at New York University and has a BS in Systems Engineering from the University of Pennsylvania. Profile
TWST: Sam, will you begin by telling us about the approach that you take

to aerospace and defense and the companies that you focus on most

closely at Wachovia Securities?

Mr. Pearlstein: In