Consumer >> Analyst Interviews >> February 23, 2004

OUTLOOK FOR CONSUMER ELECTRONICS: STEVEN BAUMGARTEN – PARKER/HUNTER INC

Steven Baumgarten joined the Equity Research Department of Parker/Hunter, Incorporated, in July 1999. His focus is on consumer electronics, discount and home improvement retailers, as well as small to mid-sized Pennsylvania-based companies. He was recognized as a Five Star Analyst for the retail industry in 2003 by Zacks Investment Research and a Four Star Analyst in 2001. Before joining the firm for a second time, he worked at Prudential Securities where he co-managed a portfolio of stocks using technical and quantitative models. During this time, he was a guest lecturer at the New York Institute of Finance. Prior to his three-year stint in New York, he was a member of Parker/Hunter's Portfolio Management Department. As a teenager, he had numerous equity-related internships including working on the American Stock Exchange trading floor. Originally from New Jersey, he chose to stay in Pittsburgh after receiving his MBA in Finance from the Katz Graduate School of Business at the University of Pittsburgh. He also attended the University of Pittsburgh for his undergraduate studies, where he received a BA in Economics and Business as well as a Certificate in Accounting. He is an active member in the University of Pittsburgh's Alumni Association and also enjoys bowling, skiing, jogging and soccer. Profile
TWST: What's gone on in the consumer electronics group from a business

perspective over the last year or so?

Mr. Baumgarten: I think it's been a difficult period with pricing

pressures even