Timothy W. Summers

TIMOTHY W. SUMMERS is a Senior Vice President with Stanford Group
Company, specializing in the analysis of the semiconductor equipment and
materials industry. He has almost 25 years of experience in equity
analysis and research. Mr. Summers joined SGC in September 2003 from
Investec, Inc., where he had followed the semiconductor equipment stocks
since 2001. Prior to joining Investec, Mr. Summers had been First Vice
President and senior semiconductor equipment analyst at PaineWebber. Mr.
Summers has also been affiliated with Advest, Inc., where his research
on the semiconductor equipment stocks landed him on Institutional
Investor’s Honorable Mention team. He has also held positions at Smith
Barney, Prudential Insurance, and O’Connor and Associates. Mr. Summers
has been widely quoted in major periodicals and numerous technical and
financial publications. He received his BA from the University of
Cincinnati and his MBA from University of Miami (Florida.)