Technology >> Sector Roundtables >> October 22, 2001

Roundtable Forum: Semiconductor Capital Equipment

ROBERT MAIRE joined Needham & Co. in May 2004, coming from Bear Stearns & Co. Prior to that he was with Donaldson, Lufkin & Jenrette from 1996, covering semiconductor capital equipment. Before joining DLJ, he was with Morgan Stanley as a Research Analyst covering semiconductor equipment, peripherals, wireless and specialized systems. He was previously a manager in Morgan Stanley's Information Technology group. Prior to joining Morgan Stanley, Mr. Maire was a Manager in the Information Technology division of Bankers Trust Company. He holds a BS degree in Electrical Engineering and a BS degree in Computer Science from the State University of New York at Stony Brook. He has been cited by the Wall Street Journal in its annual survey of earnings estimate accuracy. He has been ranked by Institutional Investor for the past several years. Profile
MARK FITZGERALD is a Managing Director and Senior Research Analyst in the Technology Group at Banc of America Securities LLC, where he is responsible for covering the semiconductor capital equipment sector. Prior to joining the firm, Mr. FitzGerald was a Vice President at Merrill Lynch & Co., Inc. He also spent two years at UBS Securities and worked for three years at Hambrecht & Quist. Mr. FitzGerald has 10 years of direct semiconductor industry work experience. He started his career in 1984 at Air Products and Chemicals in the Applied Research and Development Group focusing on semiconductor process development. In 1987 he moved to Materials and Technology, a Dallas, Texas-based firm that provided high performance ceramic technology for leading semi-equipment vendors such as Applied Materials and Lam Research. In 1989 he joined Dataquest, a market research firm, as a Principal in the semiconductor group. Mr. FitzGerald was recognized in 2002 as a top stock-picker in The Wall Street Journal's Annual 'Best on the Street' Survey. He holds a Bachelor of Science degree and a Bachelor of Arts degree from McGill University, located in Montreal, Canada, and an MBA from Duke University in Durham, North Carolina. Profile
EDWARD C. WHITE, JR., CFA, Managing Director, has covered semiconductor equipment and other electronics companies for the past 23 years. Prior to joining Lehman Brothers in 1990, he managed his own merger and acquisitions consulting firm. Mr. White also spent five years with E.F. Hutton, and three years at L.F. Rothschild, Unterberg Towbin. He was ranked among the top semiconductor equipment analysts by Institutional Investor magazine in 1995, 1996, 1998, 2000 and 2001, and among the top electronics analysts in 1986. He was named a Home Run Hitter by Institutional Investor in 1995 and 1996. In 2001, Mr. White ranked Number Two in The Wall Street Journal Best on the Street poll and Number Three in the Reuters survey. He holds a BA in Economics from Princeton University and an MS in quantitative analysis from New York University's Stern School of Business. Profile
TWST: Edward, what are the subsectors of semiconductor capital equipment

that you focus on most closely, and what part does each of those

subsectors play in enhancing semiconductor manufacturing