Technology >> Analyst Interviews >> May 4, 2001

Semiconductor Manufacturing Services: Lucas Ward – Jpmorgan H&q

LUCAS WARD is the Global Coordinator for semiconductor research at JPMorgan H&Q. In addition, he covers the Analog and Semiconductor Manufacturing Service sectors. Active coverage currently includes TSM, CHRT, ASTSF, ASTT, STTS, PSIT (SMS), and TXN, ADI, and LLTC (analog). Previously, Mr. Ward initiated the Asia technology research effort for Goldman Sachs based in Hong Kong. Highlights included helping Taiwan Semiconductor to list on the New York Stock Exchange, as well as organizing and hosting the first and second Asia Technology Symposiums for Goldman Sachs. Prior to that, he initiated H&Q's first on the ground research product in Asia, including co-authorship of two groundbreaking reports on the Taiwanese semiconductor industry, which helped to set the investment framework for the emerging foundry industry prior to TSMC's listing in Taiwan. Fully fluent in Chinese and Italian, Mr. Ward graduated from Amherst College in 1993. Profile
TWST: What should investors be focusing on as they set their

expectations for the semiconductor manufacturing services industry

looking out to 2002?

Mr. Ward: The SMS industry provides