Industry & Services >> Analyst Interviews >> March 15, 2004

PAYMENT PROCESSING STOCKS: CRAIG PECKHAM – JEFFRIES & CO

CRAIG PECKHAM is a Managing Director and Business Services analyst with Jefferies & Company. Prior to joining Jefferies in May 2000, he was a Vice President and Equity Analyst at Bear Stearns, specializing in the financial services and technology sectors. Mr. Peckham regularly publishes company-specific and industry research reports, including Digital Dollars, a quarterly overview of developments in the computer services and financial technology sectors, and Funds Flow, a weekly industry update. Mr. Peckham has authored or co-authored several industry reports and surveys, including: What a Difference a Month Makes: Deciphering Debit (May 2003); Sign on the Dotted Line: Are PIN- Debit Expectations Too High? (June 2002); Payroll and HR Services: Waiting for the Upturn (November 2001); Plastic Payments: Charged for Growth (June 2001); and Point, Click, Pay: The eCash Report (September 2000). Mr. Peckham is a visible analyst in the sector and his research and opinions have appeared in various publications including American Banker, Barron's, Bloomberg, Dow Jones, The New York Times and The Wall Street Journal. He has also appeared on CNBC and CNNfn. Mr. Peckham is a CFA charterholder and member of the Association of Investment Management and Research and the New York Society of Security Analysts. He earned a BA in Economics and Russian from Vanderbilt University and is a graduate of Phillips Exeter Academy. Profile
TWST: Could we start with a quick overview of your coverage of this

space?

Mr. Peckham: I cover the business services sector, and an important

subsector of business services is the very large

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