NEW YORK, Jan. 10 /PRNewswire/ -- Merrill Lynch is pleased to announce an
alliance between the firm's Technology Group and leading technology experts
Clayton M. Christensen and George Gilder.
The relationship includes staging two joint conferences and a series of
conference calls for the benefit of Merrill Lynch's clients. The parties will
also work together to identify major trends in the industry and their
implications for companies and investors.
"We are excited to be working closely with Clay and George, two of the
most astute technology observers on the scene today," said Steven Milunovich,
manager of Technology Research at Merrill Lynch. "Their insights will be
incorporated into Merrill's analysis by our global team of 67 technology
researchers."
Messrs. Christensen and Gilder will also be joining Merrill Lynch's
prestigious TechBrains Advisory Board, a group of leading-edge thinkers
assisting Merrill Lynch's analysts in staying ahead of major developments in
technology.
"I'm anxious to apply my work to real world situations," Mr. Christensen
said. "The Merrill Lynch Technology Group will help identify disruptive
technologies and their impact, which should be a benefit to both investors and
vendors. George and I have high hopes for our partnership with Merrill. We
intend to influence the direction of the industry."
Mr. Gilder said, "The ascendant telecosm trends I identify match up well
with Merrill Lynch's ascendant technology franchise. Now the investment
implications of the new economy about which Clay and I write will be even
clearer. We look forward to joining with Merrill to bring our ideas to Wall
Street."
Clayton M. Christensen
Clayton M. Christensen is a professor of business administration at the
Harvard Business School, with a joint appointment in the Technology &
Operations Management and General Management faculty groups. His research and
teaching interests center on the management of technological innovation,
developing organizational capabilities and finding new markets for new
technologies.
Mr. Christensen's book The Innovator's Dilemma received the Global
Business Book Award for the best business book published in 1997. His
writings have been published in The Wall Street Journal, the Harvard Business
Review, Business History Review, Research Policy, Industrial and Corporate
Change, Strategic Management Journal, Production and Operations Management,
the European Management Journal, Management Science, and Engineering
Management Review. He advises many of the world's leading corporations on
matters concerning their management of technological innovation.
George Gilder
George Gilder is President of Gilder Technology Group and editor of the
Gilder Technology Report. He is also a Senior Fellow at Discovery Institute
where he directs Discovery's program on high technology and public policy.
His investigation into wealth creation led Mr. Gilder into deeper
examination of the lives of present-day entrepreneurs, culminating in a book,
The Spirit of Enterprise (1986, 1992). That many of the most interesting
current entrepreneurs were to be found in high technology fields also led Mr.
Gilder to write the best-selling book, Microcosm (1989), in which he explored
the roots of the new electronic technologies. A subsequent book, Life After
Television, (1992,1994), is a prophecy of the future of computers and
telecommunications. This book is a prelude to his forthcoming work on the
future of telecommunications, Telecosm.
Mr. Gilder is a founder of and contributor to Forbes ASAP, and a
contributing editor of Forbes magazine. He hosts the annual Telecosm
Conference sponsored by Forbes and the Gilder Technology Group.
The Merrill Lynch Technology Group is dedicated to establishing itself as
the leading investment banking, research and sales/trading group for
technology companies and investors. More than 90 bankers work with companies
located in Silicon Valley and around the world. Equity research includes
67 analysts following 370 technology companies globally, while the Company's
technology specialty sales force numbers 10 experienced professionals.
Merrill Lynch is one of the world's leading financial management and
advisory companies with offices in 44 countries and total client assets
exceeding $1.5 trillion. As an investment bank, it is the top global
underwriter and market maker of debt and equity securities and a leading
strategic advisor to corporations, governments, institutions, and individuals
worldwide. Through its Asset Management Group, the company is one of the
world's largest managers of financial assets, which total approximately
$514 billion.
SOURCE Merrill Lynch & Co., Inc.
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CONTACT:
Joanne Tutschek, Research Communications,
212-449-7278, Joanne_Tutschek@ml.com, or Susan McCabe,
212-449-0389, Susan_McCabe@ml.com, or Steven Milunovich,
Technology Research, 212-449-2047, Steven_Milunovich@ml.com, all
of Merrill Lynch
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