Technology >> Sector Roundtables >> April 12, 2004


WALTER J. WINNITZKI, an analyst with Nicusa Capital Partners, has been a research analyst and student of the computer industry and the major companies in the sector for over 20 years. After spending the early part of his career as a sellside technology analyst, Mr. Winnitzki has now moved to the buyside. At Nicusa, a value oriented private equity partnership, he evaluates investment opportunities in and outside the computer and information technology market. He has an extensive background as a computer analyst on Wall Street working at a number of leading investment banking firms and has collaborated with the leading IT advisory firm, META Group. His research coverage has included a wide range of technology-related companies in various industry sectors including PCs, enterprise systems, distribution, software and peripherals. Prior to Nicusa, he was affiliated with First Albany, where he was a Managing Director and Senior Analyst covering the computer systems and distributions sectors of the IT industry. Prior to that, he was affiliated with JP Morgan, (and its predecessor Hambrecht & Quist), Paine Webber and Dillon Read & Co. He has received recognition in various surveys of analysts, including the Wall Street Journal All-Star Analyst team. He is frequently quoted in the press and has made numerous guest appearances on television on such programs as: CNBC, CNN, Money Line, Bloomberg, CNNfn, and Nightly Business Report. He received a BS from St. Francis College and an MBA from Pace University. He is a Chartered Financial Analyst and a member of the New York Society of Security Analysts. Profile
ROD W. BARE is a stock analyst with Morningstar, covering the computer hardware industry. Before joining Morningstar in 2003, he was an investment banker at Deutsche Bank Securities. Mr. Bare has a bachelor's degree in economics from Illinois State University and an MBA in finance and statistics from the University of Chicago. Prior to business school, he was an information technology consultant and was trained as a network systems specialist in the United States Air Force. Profile
MEGAN GRAHAM-HACKETT is the computer hardware and networking analyst for Standard & Poor's Equity Research Department, a position she has held since 1997. In this position, Ms. Graham-Hackett covers 30 companies related to the computer hardware and data networking technology sectors. Since joining Standard & Poor's in 1997, she has been interviewed and quoted widely on her coverage of technology issues for S&P, including appearances on CNBC, CNN, ABC and Nightly Business Report, and quoted in The Wall Street Journal, Dow Jones Newswire and Bloomberg News. Prior to S&P, she served as an aerospace industry analyst at Merrill Lynch & Co. from 1994 to 1997. She started her Wall Street career in 1990, when she served as an aerospace industry analyst at Prudential Securities, Inc. She holds a Bachelor of Arts degree in Economics from Mount Holyoke College, and was credited with an honorable mention for her achievements in the final examinations for Economics majors. In addition, she has completed subsequent course work in Accounting, Financial Statement Analysis and Equity Valuation from a variety of institutions, including study for the Chartered Financial Analyst certificate program, for which she has successfully passed Level One. She also has Series 7, Series 16 and Series 63 licenses. Profile
TWST: Megan, to begin, give us an overview of your coverage in the

computer hardware sector and how the companies you look at have done

over the last year.

Ms. Graham-Hackett: At Standard