Natural Resources >> Sector Roundtables >> December 20, 1999

Roundtable Forum: Major Chemicals

THEODORE (TED) S. SEMEGRAN is a Senior Vice President with Brown Brothers Harriman. Prior to joining the firm, he was associated with Lehman Brothers and Dean Witter. Mr. Semegran holds a Bachelor's degree in Chemical Engineering from the City College of New York, a Master's degree from Stevens Institute of Technology, and an M.B.A. in Finance from New York University. A Chartered Financial Analyst, he is a member of the NYSSA, the American Institute of Chemical Engineers, and the Chemical Marketing Research Association. Mr. Semegran is married, has two children, and includes tennis, scuba, jazz, travel, and fine wines among his personal interests. Profile
PAUL T. LEMING is a Managing Director with ING Barings. Previously, he was associated with Deutsche Morgan Grenfell, Inc. as a Director in Research, as well as with Kidder Peabody and Morgan Stanley. Mr. Leming holds a Bachelor's degree in Business from Georgetown University and an MBA from George Washington University. He has three children, and enjoys tennis, skiing, and golf in his leisure. Profile
JOHN E. ROBERTS is a First Vice President at Merrill Lynch, coordinating 13 chemical analysts around the globe as well as providing research on the US major and diversified chemical companies. He was previously associated with Kidder Peabody, Booz, Allen & Hamilton and Badger Engineering, a division of Raytheon. Mr. Roberts participates in the following Merrill Lynch chemical industry events: monthly conference calls with key industry leaders, quarterly luncheons in NYC with the US chemicals team, and the three-day annual conference in NYC each March. He received an MS in Chemical Engineering at Tufts University and an MS in Management at the MIT Sloan School with a concentration in Finance. Profile
FRANK J. MITSCH is an Independent Analyst. He was previously associated with Chase H&Q, Merrill Lynch, Betz Laboratories, Kline S.A. Mr. Mitsch is a member of the Chemical Analysts of New York, Leading Chemicals Analyst-Reuters and a member of the A.I.CH.E. He received a Bachelor of Engineering-Chemical Engineering from Stevens Institute of Technology and an MBA in Finance from Montclair State University. Profile
TWST: Give us your view of the health of the chemical industry in 1999

and the performance of the chemical stocks year-to-date. Ted, to what

extent has the chemical industry fulfilled your