Stephen D. Marvin

Founded in 1986 by David Marvin and Stanley Palmer, Marvin & Palmer Associates, Inc. is a registered investment advisor located in Wilmington, Delaware. The firm provides services to corporate and public pension funds, endowments, foundations, other institutional clients and family offices. They also sub-advise mutual funds and pooled funds. Marvin & Palmer Associates serves clients in the US, Canada, Europe, Australia and South Africa.

Bear, Stearns & Co., Inc. is a global investment banking, securities trading and brokerage firm located in New York City with additional offices in Dallas, Boston and San Francisco. The firm is a subsidiary Bear Sterns Cos., Inc. (NYSE: BSC). Their equity research team consists of senior analysts located throughout the world. In addition to domestic coverage, they have research teams focusing on Latin America, Asia and Europe. The analysts use a bottom-up approach to stock selection. The Bear Stearns fixed-income research department provides coverage of every sector of the fixed-income universe. The financial analytics and structured transactions group (F.A.S.T) provides investment research, fixed-income portfolio management and analytical systems, trading technology and general financial expertise. The group also provides a broad range of services to financial institutions including asset-liability management, balance sheet restructuring, receivables-based financing analysis, security and portfolio analysis, peer analysis, and historical and real-time market-based information.