Natural Resources >> Analyst Interviews >> September 27, 2004

FUEL CELL COMPANIES: DAVID SMITH – CITIGROUP GLOBAL MARKETS

DAVID B. SMITH, a Vice President in the US equity division of Smith Barney Inc., covering power technology and multi-industry companies, joined the firm in early 1997. He is currently part of Smith Barney's number one Institutional Investor ranked electrical equipment/multi- industry research team. Prior to covering the power technology sector, he was part of the number one machinery and engineering and construction industry research team in the 1998 through 2000 Institutional Investor annual ranking of Wall Street analysts. Prior to joining Smith Barney, he served as a manager at Deloitte and Touche and a financial analyst at Newcourt Credit Group in Toronto, Canada. He holds an undergraduate degree from the University of Western Ontario in London, Canada, an honors degree in Business Administration from Wilfrid Laurier University in Waterloo, Canada, and is a Chartered Accountant and a CFA charterholder. He has spent 11 years in the investment and finance business. Profile
TWST: What are you covering in the energy technology or power technology

sector?

Mr. Smith: My focus on energy technology has been really on the fuel

cell arena. I cover three companies there