Industry & Services >> Analyst Interviews >> March 25, 2002

Outlook For Security Stocks: Jeffrey Kessler – Lehman Brothers

JEFFREY T. KESSLER is Senior Vice President and Senior Analyst at Lehman Brothers. He is responsible for Lehman's business services research, and is the recognized Wall Street expert on security companies. He is frequently quoted in business services and security trade journals and financial publications such as The Wall Street Journal. Mr. Kessler began his career in 1983 as a securities analyst with Argus Research Corp. He moved to Cowen & Co. in 1985, and joined Lehman Brothers in 1989. Mr. Kessler earned his BA (1973) and MA (1978) in Economics/Political Science at McGill University in Montreal, Quebec. He also earned an MS in Journalism (1975) from Columbia University. Profile
TWST: Following September 11, how have the security stocks

performed?

Mr. Kessler: The security stocks initially responded with

uncommon zeal. Wall Street's old view of security was that of