Industry & Services >> Sector Roundtables >> August 2, 1999
TODD B. ERNST is a Vice President/Aerospace and Defense Analyst at
Prudential Securities. Previously, he was associated with AT&T. Mr.
Ernst received his Bachelor's degree from DePauw University and his MBA
from the University of Michigan. Profile
PIERRE A. CHAO is a Managing Director and Senior Aerospace/ Defense
Analyst at Credit Suisse First Boston. Previously, he was associated
with Morgan Stanley Dean Witter, Smith Barney, JSA International and
Prudential-Bache Capital Funding. Mr. Chao received dual Bachelor's
degrees in Political Science and Management Science from M.I.T. A
Chartered Financial Analyst, he is President of the Aerospace Analyst
Society Profile
DALE WINNER is a Portfolio Manager/Analyst at Templeton. Previously, he
was associated with J.P. Morgan and Mitsui Trust. He graduated from
Reading University in the U.K. A Chartered Financial Analyst, Mr.
Winner is President of the Bahamas Society of Analysts. Profile
BYRON K. CALLAN is a First Vice President and Senior Aerospace and
Defense Analyst at Merrill Lynch, where he also serves as a member of
the Editorial Advisory Board of the Journal of Electronic Defense. Prior
to joining the firm, he spent nine years at Prudential Securities
covering defense electronics and engineering and construction stocks.
Mr. Callan received his BA with Special Honors from George Washington
University and has an MBA from Columbia University's Graduate School of
Business. Profile
TWST: I would like to begin by asking each of you to tell us about theapproach you take to the defense industry, which sectors of the industry
you look at most closely, and whether it's necessary