Healthcare >> Sector Roundtables >> July 13, 1998

Roundtable Forum: Large Cap Medical Technology Stocks

VIVIAN R. WOHL is a First Vice President and Senior Industry Fundamental Equities Analyst of Merrill Lynch in San Francisco where she is responsible for the premier medical device and hospital supply companies in the U.S. Previously, she was associated with Robertson, Stephens & Co. and Crown Advisors. Ms. Wohl is a frequent participant in industry forums sponsored by the Health Industry Manufacturing Association. She earned her Bachelor's degree from Cornell University and her M.B.A. from Columbia's Graduate School of Business. Profile
STEVEN HALPER is a Vice President at Donaldson, Lufkin & Jenrette. Previously, he was associated with Value Line, Inc. He received his Bachelor's degree in Economics from SUNY Binghamton and his MBA in Finance from Fordham University. Mr. Halper is a member of the Healthcare Information Management and Systems Society. Profile
LAURENCE J. BLUMBERG is a Vice President, Equity Research at Alliance Capital Management. Previously, he was associated with S2# Technology. He earned his B.A. from Brandeis University, his M.D. from Temple University and his M.B.A. from Columbia University. He also has post- graduate training in general surgery and ENT. Dr. Blumberg is a member of the American Medical Association and Director of Cambridge Heart, Inc. He also holds a medical license in the state of Pennsylvania. Profile
FREDERICK A. WISE, CFA, is a Managing Director at Bear, Stearns & Co., covering the medical supplies and devices industry. Mr. Wise is a six-year member of the Institutional Investor All America Research Team. In 1999 he was ranked number two and in 2000 he was ranked number three. He was named to the 2000 Wall Street Journal All-Star Analysts Survey for earnings forecasting. He was also ranked number four by The Reuters Survey 2000. Mr. Wise has a unique valuation approach, and has accurately anticipated the underperformance of stocks, as well as the performance of the industry in recent years. Prior to joining Bear Stearns, he was an Analyst at Kidder Peabody & Co. and Forbes, Inc. Mr. Wise received an MA and a BA from the Manhattan School of Music. Profile
AMELIA K. MCDONALD is a Senior Analyst-Medical Technology at Lehman Brothers. Previously, she was associated with CS First Boston and McKinsey & Company. Ms. McDonald earned her Bachelor's degree in chemical engineering from the Georgia Institute of Technology and her M.B.A from the Darden School at the University of Virginia. MICHAEL WEINSTEIN ia a Senior Medical Technology and Hospital Supply Analyst at J.P. Morgan Securities. FREDERICK A. WISE is a Senior Managing Director at Bear, Stearns & Company. Previously, he was associated with Kidder Peabody & Co. and Forbes Inc. He earned both his Bachelor's and Master's degrees from the Manhattan School of Music. A Chartered Financial Analyst, he is a member of the NYSSA. SALLY YANCHUS is a Vice President at Scudder Kemper Investments. Previously, she was associated with Oppenheimer & Co., Lehman Brothers and Morgan Stanley. A member of the Healthcare Information Management Systems Society, she earned her Bachelor's degree from Wellesley College and her MBA from Columbia Business School. Ms. Yanchus includes running and skiing among her personal interests and has run in six New York City Marathons. Profile
TWST: Today we're focusing on the large capitalization medical

technology stocks. Vivian, will you review the performance of the stocks

over the past six to 12 months?

Ms. Wohl: Over the