Technology >> Sector Roundtables >> April 15, 2002

Roundtable Forum: Semiconductors

NIMAL VALLIPURAM follows the semiconductor industry for Dresdner Kleinwort Wasserstein. Prior to joining the firm in August 1999, he was with First Union Securities for one year and at Bear, Stearns & Co., Inc., for five years. He has been covering the semiconductor industry since 1996. He received a Bachelor's degree in Technology in Electrical and Electronics Engineering from IIT, Delhi, India, and an MBA from Northeastern University in Boston. Profile
KALPESH KAPADIA, Managing Director at C.E. Unterberg, Towbin, focuses on communications and semiconductor device companies. Prior to joining Unterberg, Towbin, Mr. Kapadia worked with other major Wall Street firms such as Bear Stearns and Robertson Stephens. He has five years of experience in various investment banking areas such as equity research, capital markets and corporate finance. Mr. Kapadia holds an MBA in Finance and Accounting from Carnegie Mellon University in Pittsburgh, a Master's in Industrial Engineering from New Jersey Institute of Technology in New Jersey and an undergraduate degree in Engineering from Bombay University in India. Profile
Dan K. Scovel is a semiconductor analyst with Tokeneke Research LLC in Connecticut. He began his professional career in technical sales and marketing roles in 1984 with Advanced Micro Devices, experienced two small startup companies, and then spent the last six years of his industry tenure with Cirrus Logic where he supported the firm's Japanese market development. He began his career as a senior semiconductor analyst with Fahnestock & Company in 1996, was recruited by Needham & Company in April 2000, and founded Tokeneke Research in 2005. He obtained his undergraduate BS degree in Electrical Engineering from the University of Washington in Seattle and his MBA, with an emphasis in Finance, from Santa Clara University located in the San Francisco Bay Area. Profile
CHRISTOPHER DANELY is a Vice President and Senior Semiconductor Analyst for Merrill Lynch focusing on small and mid-cap semiconductor device companies. Prior to joining Merrill Lynch, Mr. Danely worked at Prudential Securities for two years and Robertson Stephens for six months in equity research focusing on semiconductor and semiconductor capital equipment companies. Prior to Robertson Stephens, he worked as a management consultant. Mr. Danely's views on the semiconductor industry have been featured in several major news publications and industry journals such as The Wall Street Journal, Investor's Business Daily, Electronic Buyers News and EE Times. He recently received the up and coming award and was ranked in the top 15 semiconductor Research Analysts in the 2001 Institutional Investor All America poll. Mr. Danely received his Bachelor of Science degree from the University of California. Profile
ARNAB K. CHANDA joined Lehman Brothers in 2000 and currently covers communications semiconductors, optical components and electronic design automation companies. Mr. Chanda was previously a Research Analyst at Robertson Stephens covering electronic design automation and digital consumer semiconductor companies. Prior to that he worked in corporate finance at Robertson Stephens advising semiconductor and communications companies in raising public and private financing and mergers. Mr. Chanda also worked at Wall Street Analytics, a software company modeling mortgage-backed securities. He graduated with a BS in Physics and a BS in Chemistry from Stanford University. Profile
TWST: Dan, how did the semiconductor stocks perform in 2001, and how

have they done so far year to date?

Mr. Scovel: Last year the Philadelphia Semiconductor Index Option (SOX)

fell by 9%, and