Ranking Creates Unique New Industry Standard With Both Qualitative And
Quantitative Data
NEW YORK, June 19 /PRNewswire/ --
Morgan Stanley Dean Witter, Salomon Smith Barney and Merrill Lynch were the top three securities firms in a comprehensive ranking of U.S. equity analysts announced today by TheStreet.com (Nasdaq: TSCM).
The survey, "TheStreet.com Analyst Rankings -- Equity 2000," identifies the securities analysts who not only have the respect of the most influential money managers in the country, but who also are standouts in stock-picking.
"The rankings of the individual analysts are the first and only such rankings to combine both qualitative and quantitative measures," said Laurie Meisler, editor of ranking projects for TheStreet.com. "We are confident that these rankings will become the new industry standard for evaluating the skills of analysts and will meet the ultimate test -- helping investors make more money."
Among the first-place winners:
* Application software -- Chuck Phillips, Morgan Stanley Dean Witter
* Semiconductors - Mark Edelstone, Morgan Stanley Dean Witter
* Banks - Henry "Chip" Dickson, Salomon Smith Barney
* Biotechnology -- Meirav Chovav, Salomon Smith Barney
* Healthcare equipment and supplies - Michael Weinstein, J.P. Morgan
* Internet software and services - Henry Blodget, Merrill Lynch
* Pharmaceuticals -- Steven Tighe, Merrill Lynch
A complete list of winners in all categories can be found on TheStreet.com web site, www.thestreet.com .
For the qualitative measure, ballots were sent to investment professionals at a select group of 160 financial institutions that actively trade stocks. They were asked to identify the best sell-side equity analysts, analyst teams and newcomers in scores of industry groups and macro research categories. More than eighty-five percent of the institutions polled took part in the voting.
To arrive at the quantitative measure, TheStreet.com evaluated the accuracy of each analyst's ratings of stocks over a 12-month period. TheStreet.com worked with data from I/B/E/S International, Inc., a global financial information-services and technology company, to measure the analysts' stock-picking skills.
Over the next year, TheStreet.com will focus on a specific sector each week on its site and interview winning analysts on their outlook and stock picks.
The ranking of the firms was based on a formula that took into account the number of winners at each firm, as well as the market capitalizations of the industries those analysts cover and the voter response for that industry.
About TheStreet.com
TheStreet.com, Inc. (Nasdaq: TSCM) is a leading provider of timely, to-the-point, actionable financial news and commentary -- through its network of free and subscription-based web sites, and through such brand extensions as conferences, books, wireless, and broadband. TheStreet.com Network includes the free TheStreet.com site for individual investors of all experience levels, and three subscription-based satellite sites: RealMoney.com for active investors; ipoPros.com for IPO investors; and TheStreetPros.com for investment professionals. TheStreet.com brand is built on its best-in-class editorial team of experienced financial journalists based in New York City, San Francisco, and London, and commentators throughout Europe and Asia.
About I/B/E/S International, Inc.
Founded over 25 years ago, I/B/E/S International ( www.ibes.com ) continues to be the quality source for expectation data, research, tools and applied intelligence to the institutional investor marketplace. I/B/E/S databases are the most comprehensive in the industry, covering 18,000 companies in 60 countries, with forecasts from nearly 900 firms around the globe. I/B/E/S International, Inc. is a subsidiary of Primark Corporation (NYSE: PMK; PCX).
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