Healthcare >> Sector Roundtables >> July 13, 1998
VIVIAN R. WOHL is a First Vice President and Senior Industry Fundamental
Equities Analyst of Merrill Lynch in San Francisco where she is
responsible for the premier medical device and hospital supply companies
in the U.S. Previously, she was associated with Robertson, Stephens &
Co. and Crown Advisors. Ms. Wohl is a frequent participant in industry
forums sponsored by the Health Industry Manufacturing Association. She
earned her Bachelor's degree from Cornell University and her M.B.A. from
Columbia's Graduate School of Business. Profile
STEVEN HALPER is a Vice President at Donaldson, Lufkin & Jenrette.
Previously, he was associated with Value Line, Inc. He received his
Bachelor's degree in Economics from SUNY Binghamton and his MBA in
Finance from Fordham University. Mr. Halper is a member of the
Healthcare Information Management and Systems Society. Profile
LAURENCE J. BLUMBERG is a Vice President, Equity Research at Alliance
Capital Management. Previously, he was associated with S2# Technology.
He earned his B.A. from Brandeis University, his M.D. from Temple
University and his M.B.A. from Columbia University. He also has post-
graduate training in general surgery and ENT. Dr. Blumberg is a member
of the American Medical Association and Director of Cambridge Heart,
Inc. He also holds a medical license in the state of Pennsylvania. 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
AMELIA K. MCDONALD is a Senior Analyst-Medical Technology at Lehman
Brothers. Previously, she was associated with CS First Boston and
McKinsey & Company. Ms. McDonald earned her Bachelor's degree in
chemical engineering from the Georgia Institute of Technology and her
M.B.A from the Darden School at the University of Virginia.
MICHAEL WEINSTEIN ia a Senior Medical Technology and Hospital Supply
Analyst at J.P. Morgan Securities.
FREDERICK A. WISE is a Senior Managing Director at Bear, Stearns &
Company. Previously, he was associated with Kidder Peabody & Co. and
Forbes Inc. He earned both his Bachelor's and Master's degrees from the
Manhattan School of Music. A Chartered Financial Analyst, he is a member
of the NYSSA. SALLY YANCHUS is a Vice President at Scudder Kemper
Investments. Previously, she was associated with Oppenheimer & Co.,
Lehman Brothers and Morgan Stanley. A member of the Healthcare
Information Management Systems Society, she earned her Bachelor's degree
from Wellesley College and her MBA from Columbia Business School. Ms.
Yanchus includes running and skiing among her personal interests and has
run in six New York City Marathons. Profile
TWST: Today we're focusing on the large capitalization medicaltechnology stocks. Vivian, will you review the performance of the stocks
over the past six to 12 months?
Ms. Wohl: Over the