Industry & Services >> Sector Roundtables >> May 18, 1998
SCOTT L. SOFFEN is a Principal, Equity Research of Legg Mason Wood
Walker, Inc. where he follows the education industry. Previously, he was
associated with Lehman Brothers as a First Vice President, Merrill
Lynch, and R.W. Baird. A Chartered Financial Analyst, Mr. Soffen earned
his Bachelor's degree in economics from Rutgers University and his
M.B.A. from New York University's Stern School of Business. Mr. Soffen
is married, has two children and among his personal interests includes
skiing, scuba diving and tennis. Profile
KARA CHESEBY is a Vice President of T. Rowe Price. Previously, Ms.
Cheseby was associated with Legg Mason, Wachovia and Chubb Group. She
earned her Bachelor's degree from Duke University. Ms. Cheseby is a
Chartered Financial Analyst and is a member of the Baltimore Society of
Chartered Financial Analysts. Ms. Cheseby is married and among her
personal interests includes skiing, tennis and writing. Profile
GREGORY W. CAPELLI is a Vice President and Equity Analyst at Credit
Suisse First Boston where he covers education and consumer service
related companies. Previously, he was associated with ABN AMRO as a Vice
President. He earned his Bachelor's degree in economics from Indiana
University and his M.B.A. in finance from Dominican University. He is a
member of the Chicago Society of Analysts. Mr. Cappelli is married, has
one child and among his personal interests includes piano, basketball,
reading and teaching. Profile
GERALD R. ODENING, Managing Director of JP Morgan Securities,
joined the firm via Hambrecht & Quist in 1999 to manage the
education industry research effort. Prior to H&Q, he managed the
education service industry research effort for Salomon Smith
Barney from 1994 to 1999, and has spent over 20 years in the
securities industry. He was ranked number two in the education
services category on the 1998 Institutional Investor All-America
Research Team. He received a BA from Occidental College. His
comments on the industry have appeared in such publications as
The Chronicle of Higher Education, The Wall Street Journal,
Fortune, Forbes, Financial Times and Investor's Business Daily. Profile
TWST: Gerald, please tell us how the education industry evolved and howit's developed into an area for investment?
Mr. Odening: The group started in the last four or five years. There
really