Technology >> Sector Roundtables >> May 10, 2004


STEVEN B. FOX is Merrill Lynch's lead analyst following the electronics supply chain industry and is co-global coordinator for this sector. In addition to following EMS, he also covers specialty wire and cable, passive components, connectors and distribution for Merrill Lynch. He was named to this role in February 2003. Previously, he had lead coverage on Corning, the electronics distribution industry and a number of companies in the specialty wire and cable industry. Mr. Fox has also been responsible for co-covering the connector and passive components industry and wire and cable industries with Jerry Labowitz since joining Merrill Lynch in 1995. He has a total of 13 years of experience as a Wall Street equity analyst. Mr. Fox graduated from Pennylvania State University with a Bachelor's degree in Economics and a minor in Finance and has been a Chartered Financial Analyst since 1995. Profile
SHAWN SEVERSON, Senior Vice President - Equity Research at Raymond James & Associates, joined Raymond James in July 1999. He is responsible for covering the electronics manufacturing services and electronic components industries, and focuses on the technology supply chain. He has been recognized in The Wall Street Journal Best on the Street Survey three times, and was named a Forbes Top Analyst for his sector in 2004. Prior to joining Raymond James, he followed the industry for several years as a Vice President at Everen Securities. Before that, he worked for Salomon Brothers and Wasserstein Perella. He earned a Bachelor of Arts degree with honors from Augustana College, where he studied Economics and Finance. He then continued on to study economics for a year at the University of Karlstad, in Sweden. Profile
CHRISTOPHER B. LIPPINCOTT is a First Vice President, Equity Research Analyst, with KeyBanc Capital Markets, a division of McDonald Investments Inc. With the company since July 2000, his research coverage focuses on the electronic manufacturing services (EMS) industry. Mr. Lippincott has six years of experience as a sellside analyst, five of which have been focused on the EMS industry. His Wall Street career started at Prudential Securities, where he was involved in the company's quantum portfolio management group. He subsequently worked at several other firms, including the Cowan Financial Group, Alexander, Wescott & Company and most recently Auerbach, Pollak and Richardson. Mr. Lippincott has been quoted in publications such as Buyside Magazine, Forbes, Dow Jones News, Investor's Business Daily and Electronic Buyer's News. He holds a Master of Business Administration degree in Finance from Fordham University's Graduate School of Business as well as a Bachelor of Arts degree from Vassar College. In addition, he is a member of the New York Society of Security Analysts. Mr. Lippincott was recently recognized by The Wall Street Journal's 'Best on the Street' survey for his recommendations in the electronic components and equipment category. He was also named a Top 3 Earnings Estimator in the electronic equipment and instruments sector by StarMine. Profile
BRIAN WHITE, an Analyst at Kaufman Bros, LP, has covered the EMS and electronics supply chain industries for eight years. Prior to joining Kaufman Bros. in 2003, he covered the EMS and electronics supply chain group at Merrill Lynch for four years. At Merrill Lynch, he was a member of Institutional Investor magazine's number one rated EMS team. Prior to joining Merrill Lynch, he covered the EMS and embedded computing industries at SG Cowen. He has contributed to several articles about the EMS industry with various leading publications and has participated as a speaker at various industry events over the years. He received his MBA with honors from Vanderbilt University with a concentration in Accounting and Finance with an international emphasis. He is a member of the National Business Honor Society. Profile
TWST: Shawn, we're talking about electronics manufacturing services

today. What has this group of stocks done so far this year?

Mr. Severson: The story really begins in the middle of last