AeA 2008 Classic Financial Conference to Focus on Attracting Institutional Investors...
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AeA 2008 Classic Financial Conference to Focus on Attracting Institutional Investors in a Challenging Environment SANTA CLARA, Calif., Oct. 23 /PRNewswire-USNewswire/ -- Now in its 38th year, the AeA Classic Financial Conference continues to provide public technology companies with a time and cost effective venue to showcase their business models to key technology investors. This year, AeA is introducing a special segment to showcase a select group of 10 privately-held technology companies. Company executives gain visibility to investors, as well as corporate executives, with the potential to identify new business partners, merger or acquisition opportunities. AeA will host the conference, showcasing public companies with a market cap or revenues of $100 million to $3 billion, on November 2-5 at the Manchester Grand Hyatt in San Diego. "Given the current financial climate, it is especially important for technology company executives to meet with investors and maximize their visibility. Investors want to hear from company executives during these uncertain times," said Elaine Sanders, AeA's Senior Vice President for Financial Conferences, Executive Education, and Affinity Programs. "The AeA Classic has survived the downturns in the market for nearly four decades and AeA will continue to provide this premier event that supports member companies through the good times and bad," she added. Attracting institutional investors in a challenging environment is a very timely topic, and one of key importance to AeA member companies and the high-tech industry at large. Rich Arnold, COO and CFO of Phoenix Technologies, stressed the importance of financial conferences in today's turbulent market. He said, "The AeA Classic is the best conference I do every year because of the intimacy of the meetings with investors. I can't understand why any high tech company would not attend this conference." On September 23, the AeA Silicon Valley/Northern California Council hosted an event for high tech CFOs and investor relations professionals in Silicon Valley which featured a panel, Attracting Institutional Investors in a Challenging Environment, moderated by Jim Fanucchi, Co-Founder, The Summit IR Group. Several panelists added how valuable the AeA Classic Financial Conference is in building successful business relationships for leading high-tech companies and investors. "With the markets in turmoil, now is an excellent time for companies to focus internally on crisp execution relative to realistic plans for 2009 and beyond while developing strategies to proactively engage an investment community, especially as regards traditional sell side research, undergoing dramatic changes," said Tim Savageaux, an independent research analyst with Terrapin Research. Doug Whitman, Portfolio Manager at Whitman Capital said, "The current market conditions afford investors a good entry point to buy stocks they could not buy previously, giving companies the opportunity to broaden their shareholder base." Since the Classic began in 1971, 1,600 high-tech companies have presented to over 18,000 cumulative investors. Over the past three years, the top 10% of presenting companies have seen their stock price increase by an average of 10% during the week of the Classic conference. Many companies have picked up additional analyst coverage so crucial to building visibility in the financial markets. For more information about AeA's Classic Financial Conference, please visit www.aeanet.org/classic. About AeA Founded in 1943 by David Packard, AeA, the nation's largest technology trade association representing all segments of the high-tech industry, is dedicated solely to helping our members' top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs. For more information, please visit www.aeanet.org. For more information, please contact: Anne Caliguiri Director of Communications, AeA 202.682.4443 anne_caliguiri@aeanet.org Elaine Sanders Senior Vice President, Financial Conferences, Executive Education & Affinity Programs, AeA 408.987.4222 elaine_sanders@aeanet.org SOURCE AeA Anne Caliguiri, Director of Communications of AeA, +1-202-682-4443, anne_caliguiri@aeanet.org; or Elaine Sanders, Senior Vice President, Financial Conferences, Executive Education & Affinity Programs of AeA, +1-408-987-4222, elaine_sanders@aeanet.org
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