Consumer >> Analyst Interviews >> September 13, 2004


JOSEPH FATH is a Vice President of T. Rowe Price Associates, Inc., and a Research Analyst in the Equity Division. He follows the airline industry as well as lodging and gaming, and real estate under the consumer industry. Mr. Fath serves as a Vice President and Investment Advisory Committee member of the Growth Stock Fund, New Horizons Fund, and Real Estate Fund. Prior to joining the firm in 2002, he was a summer intern at T. Rowe Price, covering the electronic design automation software industry. He was also the Chief Financial Officer and co- Founder of Broadform, Inc., a startup educational/software company. In addition, he worked as a Financial Analyst for Players International. Mr. Fath graduated with honors with a BS in Accounting from the University of Illinois at Urbana-Champaign. He received an MBA with honors in Finance and Entrepreneurial Management from the Wharton School, University of Pennsylvania. Mr. Fath has also earned the Certified Public Accountant accreditation. Profile
TWST: What has gone on in the gaming industry from a market perspective

so far this year?

Mr. Fath: I think the group performed relatively well in the first half

of the year, but with the two