Technology >> Sector Roundtables >> June 3, 2002

Roundtable Forum: Electronic Manufacturing Services

ROGER NORBERG is a Senior Technology Research Analyst covering companies in the electronics manufacturing supply chain. Mr. Norberg joined J.P. Morgan in March 2000, and was the firm's top ranked technology analyst in 2000 and 2001. In 2002 Mr. Norberg was voted a runner-up in Institutional Investor's annual investor poll. Prior to joining J.P. Morgan, Mr. Norberg was a senior Research Analyst with US Bancorp Piper Jaffray's research department. Prior to joining Piper Jaffray, Mr. Norberg was a manager with Deloitte & Touche Consulting Group, where he worked with large multinational clients on consulting engagements involving business process reengineering and value-based management. Mr. Norberg is a graduate of the University of Minnesota with a Bachelor of Arts degree and has an MBA from the University of Chicago. Profile
MICHAEL MORRIS is a Vice President and Senior Analyst at Salomon Smith Barney, covering electronics manufacturing services. Previously, he was a private attorney for six years, specializing in corporate litigation, with several high tech and telecom clients. Mr. Morris is a member of the semiconductor equipment and products team ranked number one in the Reuters 2001 survey. He received a BA degree from the University of Arizona and a JD degree from the University of California at Berkeley. Profile
LOUIS R. MISCIOSCIA, Senior Vice President and Senior Equity Research Analyst at Lehman Brothers, follows two tech groups, computer services/IT consulting, and electronics manufacturing services (EMS). Prior to following these areas, he co-covered the enterprise hardware area (as a Junior Analyst), which has led to the research approach of focusing on the big picture, but using a bottom up strategy of staying close to industry contacts. He was recognized as the number one EMS analyst by Institutional Investor Magazine in 2001-2004, and number one in the Greenwich Survey for that same time period. In addition to his 10 years on Wall Street, his background includes 10 years with various sales, technical and management positions within IBM. He received an MBA from Columbia University, an undergraduate degree in Chemical Engineering from Rutgers University and is a CFA. Profile
Jerry H. Labowitz is a Managing Director in the Global Securities Research and Economics Group at Merrill Lynch & Co. After an honorable discharge in 1968 from the U.S. Army, where he served in Vietnam, he spent the next four years at Portfolio Strategy Limited (a wholly owned subsidiary of Alliance One Institutional Services), and then worked for two Senior Analysts in the Electrical Equipment and Information Processing Industries before joining Merrill Lynch with them in 1975. He has been named a member of the Institutional Investor All-American Research Team every year since 1980, 14 of which he was ranked number one. Mr. Labowitz received a BA in Marketing from New York University and is on the Dean's Council at the NYU Gallatin School of Individualized Study. Profile
J. KEITH DUNNE, a Managing Director at Robertson Stephens, founded the firm's electronic manufacturing products and services practice in 1996. In 2001, PC FAB and ATOMIC29 recognized Mr. Dunne as an "ATOMIC Giant" for being one of the 10 most influential people in the PCB industry in 2000. He is a frequent guest speaker at trade association meetings and a regular author for leading electronics magazines. Mr. Dunne has nearly 20 years of experience in financial analysis. He earned an MBA from the University of Southern California. Profile
TWST: Louis, how do you define the EMS sector at Lehman and what do you

focus your coverage on?

Mr. Miscioscia: We focus on our company's customers, or the OEMs, such

as IBM, Dell, HP, Cisco