Natural Resources >> Sector Roundtables >> August 23, 2004


MICHAEL J. SISON is a First Vice President, Equity Research Analyst, with KeyBanc Capital Markets, a division of McDonald Investments Inc. With the company since 1998, his research coverage focuses on the specialty chemical industry. Prior to joining the company, Mr. Sison was an associate consultant with Merrill Lynch. Before that, he served as an investment analyst with Smith Barney in the consulting services division. Mr. Sison earned a Bachelor of Arts degree in economics from Denison University in Granville, Ohio and a Master of Business Administration degree in finance from the A.B. Freeman School of Business at Tulane University in New Orleans. He was recently recognized by Starmine as the number three earnings estimator in the chemical industry. Mr. Sison currently serves as a board member of the Tulane Alumni Association, Playhouse Square Partners and the Northern Ohio Hemophilia Foundation, and as the President of the Tulane Alumni Club in Cleveland. In addition, he was a founding board member of the Society of Filipino American Young Professionals in Chicago. Profile
JOHN ROBERTS is a Senior Vice President at The Buckingham Research Group, Inc., responsible for the chemical and materials markets. Mr. Roberts held a similar position at Merrill Lynch for 11 years, and at Kidder, Peabody for two years before that. Relevant earlier experience includes five years at Booz, Allen as a strategy consultant to chemical companies, and five years as a chemical process design engineer. Mr. Roberts holds Master's degrees in Management from the MIT Sloan School, and in Chemical Engineering from Tufts University. He is married with two school-age boys who keep him active in skiing, golf and tennis, and he also serves on the editorial board of Chemical Management Review magazine and the board of directors for the US Section of the Societe de Chemie Industrielle. Profile
JEFF CIANCI is an executive director in the basic materials group of UBS Equity Research. An analyst since 1986, Mr. Cianci covers specialty chemical and industrial technology companies. In 2003, Mr. Cianci was named to the third team in the chemicals/specialty category on Institutional Investor's All-American Research Team. He had previously been named to the Team 10 times, including citations for stock picking ability. Prior to joining UBS, Mr. Cianci was a senior managing director and chemical analyst at Bear Stearns, as well as a chemical analyst at Eberstadt Fleming. Before that, Mr. Cianci was a chemical industry consultant in mergers and acquisitions at Kline. Mr. Cianci holds an MBA in Finance from Columbia University, a BS and MS in Chemistry from the University of Miami, and a BA from New College of Florida. Profile
TWST: John, what has gone on with the chemical group from a business

perspective so far this year?

Mr. Roberts: It's a pretty diversified group. We should note that right

from the start. There