Healthcare >> Sector Roundtables >> December 4, 2000

Roundtable Forum: Medical Technology & Devices

MARIOLA B. HAGGAR is President, General Partner and Portfolio Manager at Haggar Concord Partners, LP. Ms. Haggar was previously associated with Deutsche Banc Alex. Brown and Salomon Brothers as a Pharmaceutical Analyst. Prior to that she was employed at Kemper Securities Group, Inc., L.F. Rothschild and Unterberg, Towbin and began her career at Kidder Peabody & Co. in 1982. Ms. Haggar received a BA in Biochemistry from Cornell University and an MPH from Columbia University. 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
BRUCE JACOBS is a Vice President at Deutsche Banc Alex. Brown covering the medical device and hospital supply group. Mr. Jacobs is a CFA. He received a BSE in Finance and Management from the Wharton School and graduated Magna Cum Laude and received an MBA from Harvard Business School. In his leisure he enjoys sports and traveling. Profile
ANNE P. MALONE, CFA, is a Vice President at Salomon Smith Barney, covering Medical Technology Industry. She was previously associated with Bear Stearns & Company. Ms. Malone is a Chartered Financial Analyst and a member of the New York Society of Security Analysts. She received a BA in Finance, with a minor in Economics from St. Leo College. Profile
TWST: Let's start with a review of the performance of the medical

technology and devices stocks over the past 12 months. Anne, to what do

you attribute the upturn in the stocks?

Ms. Malone: At