Industry & Services >> Analyst Interviews >> March 3, 2000

Education Stocks: Gerald Odening – Chase H & Q

GERALD R. ODENING, Managing Director of JP Morgan Securities, joined the firm via Hambrecht & Quist in 1999 to manage the education industry research effort. Prior to H&Q, he managed the education service industry research effort for Salomon Smith Barney from 1994 to 1999, and has spent over 20 years in the securities industry. He was ranked number two in the education services category on the 1998 Institutional Investor All-America Research Team. He received a BA from Occidental College. His comments on the industry have appeared in such publications as The Chronicle of Higher Education, The Wall Street Journal, Fortune, Forbes, Financial Times and Investor's Business Daily. Profile
TWST: Jerry, may we start with your analysis of the problems that beset

the education industry in 1999?

Mr. Odening: Sure. 1999 started out very well, but as the year

progressed we saw some