Consumer >> Analyst Interviews >> August 4, 1997

Distributor Stocks : Steven M. Ashley – Rober W Baird & Co

STEVEN M. ASHLEY is a Senior Vice President with Robert W. Baird & Company, Inc., where he covers the Information Technology Services industry. A financial analyst for 17 years, he was previously associated with Cleary Gull Reiland & McDevitt and with Blunt Ellis & Loewi. Mr. Ashley holds a Bachelor's degree in Business Administration from the University of Wisconsin, Whitewater and an MBA from the University of Wisconsin, Madison. Profile
JEFFREY S. GERMANOTTA is a Senior Vice President of equity research with Robert W. Baird & Company, Inc., where he leads the firm's Supply Chain Management Practice. Previously, Mr. Germanotta was associated with Bank One Corporation and Firstar Corporation. He holds a Bachelor's degree from the University of Wisconsin, Milwaukee and an MBA from Marquette University. Mr. Germanotta authors a monthly column for Industrial Distribution. Profile
TWST: Tell me first about the fundamentals of the distribution industry

and the role that distributors play in the market place.

Mr. Ashley: Jeff and I have come up with what we refer to as