Healthcare >> Sector Roundtables >> January 12, 1998
PHILLIP E. NALBONE is a Managing Director and Senior Medical Technology
Analyst at Volpe Brown Whelan & Company. Previously, he was associated
with Hambrecht & Quist as a Medical Devices Analyst and with Dow Jones &
Co. as a Reporter. Mr. Nalbone graduated from St. Lawrence University
in Canton, New York. Profile
MICHAEL G. MULLEN, is an Independent Analyst and was formerly a Managing
Director with S.G. Cowen Securities and previously associated with Banc
One Asset Management. He earned his Bachelor's degree from Fordham
University and his M.B.A. from Indiana University. A Chartered Financial
Analyst, Mr. Mullen is a member of the Boston Securities Analyst Society
and a Board member of the Indiana University Investment Management
Academy. Profile
JULIET M. MILKENS is an Associate Editor at The Wall Street Transcript.
A graduate of Exeter University (U.K.), she holds a Certificate of the
Institute of Education of Cambridge University and attended graduate
courses at Hunter College in New York. Her interests include reading,
aerobics, running and pottering about in her garden. Ms. Milkens is
married and has two children. Profile
FREDERICK A. WISE, CFA, is a Managing Director at Bear, Stearns &
Co., covering the medical supplies and devices industry. Mr. Wise
is a six-year member of the Institutional Investor All America
Research Team. In 1999 he was ranked number two and in 2000 he
was ranked number three. He was named to the 2000 Wall Street
Journal All-Star Analysts Survey for earnings forecasting. He was
also ranked number four by The Reuters Survey 2000. Mr. Wise has
a unique valuation approach, and has accurately anticipated the
underperformance of stocks, as well as the performance of the
industry in recent years. Prior to joining Bear Stearns, he was
an Analyst at Kidder Peabody & Co. and Forbes, Inc. Mr. Wise
received an MA and a BA from the Manhattan School of Music. Profile
CAROL D. WINSLOW is a Managing Director and Medical Device Analyst at
Jefferies & Company, Inc. and is Co-Head of the Medical Device Practice
of the firm's Health Care Investment Banking Group. Prior to joining
Jefferies, Ms. Winslow was associated with Vector Securities
International as well as Medtronic, Inc. in the medical device industry.
Ms. Winslow received an A.B. from Mount Holyoke College and an M.B.A.
from the University of Minnesota. Profile
ANDREW T. JAY follows medical technology at First Union Securities. He
has been a sell-side analyst on Wall Street for six years and is widely
known for his work with emerging growth companies such as Perclose,
Target Therapeutics and Wesley Jessen. His previous work experience
includes three years of management consulting with a major firm and five
years running a sizable dental practice. Dr. Jay holds an M.B.A. from
Northwestern's Kellogg School and a D.M.D. from the University of
Pennsylvania. He completed his Bachelor of Science degree at Rensselaer
Polytechnic Institute in two years. Dr. Jay serves on the Board of
Directors at the Epilepsy Foundation of Massachusetts and Rhode Island. Profile
TWST: How did the medical technology/medical device stocks perform in1997, and how would you differentiate between the performance of the
small cap stocks versus the rest of the group?
Mr.