Aaron Schwartz joined Ladenburg Thalmann & Co. in 2009 as the Senior Analyst
covering the software industry. Mr. Schwartz has close to 10 years of experience
as a software analyst with a wide range of coverage that spans infrastructure,
application, storage, security, digital media and consumer software companies.
Mr. Schwartz has been quoted in national and industry-specific publications
including The Wall Street Journal, The New York Times and Barron's, and he has
appeared on CNBC. Mr. Schwartz was previously at J.P. Morgan, where he served as
a Senior Equity Research Analyst covering the small- and mid-cap software
industry. He holds a B.A. from Rollins College and is a CFA chartholder. Profile
TWST: Software stocks have strongly outperformed the S&P and the tech sector
this year. Would you speak to what's driving that?
Mr. Schwartz: I think it's a couple of things. I think