Haas NewsWire

Haas NewsWire, February 24, 2003

Stellar Panels Make the Day at the Asia Business Conference
Haas Finance Faculty Named Top Presenters at Refereed Finance Conferences
Entrepreneurs Forum Provides Dynamic Hub for Bay Area's Venture Creators and Funders
Digital Rights Management Conference Draws Record Interest
Challenge for Charity Auction Raises Funds for the Special Olympics
MBA Students and Alumni Strengthen Ties at Annual Celebration in the Valley
Haas in the News
Happening at Haas

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The Haas School will be teeming this Saturday with business people and students gathering to share their passion -- building businesses in Asia.

The annual Berkeley Asia Business Conference, organized by Berkeley MBA students, begins at 8:00 a.m. and continues to 5:30 p.m. on Saturday, March 1, at the Haas School. Check the web site at http://www.berkeleyabc.org/ for ticket information and updates on the conference.

Each year the organizers bring together a stimulating mix of speakers, panelists, and visiting companies to make this event one of the highlights of the spring. Vivek Paul, vice chairman of Wipro Ltd. and president of the Wipro Technologies division, will give the keynote address this year.

This year's panelists come from the top venture capital, technology, law, and biotech firms in Asia and the US. Representative firms include Merrill Lynch, Taiwan Semiconductor, Softbank, Wilson Sonsini, Wipro, Bio Asia Investments, Cisco, Panasonic Ventures, SK Telecom, Gric Communications, Flextronics, and ArrayComm. Most of the panelists are CEOs, presidents, chairmen, or vice presidents.

Panel Session 1:
Venture Capital in China: Not Enough Capital or Not Enough Venture?
Product Development in India: India's Next Global Export?
Crawl Before You Walk: How to Enter Asia's Markets
Biotechnology in Asia: Show Me The Green!
Multinationals in China: Where West Meets East

Panel Session 2:
No Boundaries: Asian VCs in Silicon Valley
Wireless Across Asia: Leave the West Behind!
Moving Up the Tech Food Chain: Semiconductor Industry in China
Entrepreneurship in China: The Dragon Awakens

For more information on the BABC program, visit the web site at http://www.berkeleyabc.org/.

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The Haas School finance faculty received glowing marks for its research output according to a new study by three business school professors.

The Haas School finance faculty placed #1 in a size-adjusted ranking based on the number of presentations an institution's faculty gave at refereed finance conferences, according to a recent study by three finance professors from Washington State University, Tel Aviv University, and University of Utah.

In the ranking not adjusted for a faculty's size Haas placed #6, after the finance faculties of New York University, the University of Chicago, the University of Pennsylvania, the University of Michigan, and UCLA.

The authors collected the university affiliation and other data of every first author who presented at one of five finance conferences that meet annually and are open to all financial economists. The data spans the course of ten years from 1990 to 1999.

The five conferences considered in this ranking were the annual meetings of the American Finance Association (AFA), the Western Finance Association (WFA), the Utah Winter Finance Conference (UWFC), the European Finance Association (EFA), and the Financial Management Association (FMA).

The faculty invited to present at these conferences were chosen by a referee process. The study examined the finance faculty of thirty top universities in the world.

The top five institutions, after adjusting for faculty size, were: UC Berkeley; University of Chicago; Cornell University; Penn State University; and UCLA.

The ranking is part of a 2002 study titled "Does Publication Follow Presentation? The Information Content of Presentations at Refereed Finance Conferences." The study was able to estimate the likelihood of a paper getting published after being presented at any finance conference and the likelihood after being presented at a top tier conference.

The study found that papers presented at the UWFC show the highest rate of being published. It also showed that the likelihood of being accepted for publication increases significantly after a paper was presented at multiple conferences.

The three authors of the study are Steven Johnson (Washington State University), Avner Kalay (University of Utah and Tel Aviv University), and Jim Shallheim (University of Utah). Their study is based on data from 1990 to 1999.

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For 12 years, the UC Berkeley Entrepreneurs Forum has established itself as one of the most dynamic entrepreneurship events in the greater Bay Area. Despite the slumping tech economy, the event attracts hundreds of entrepreneurial students and business people. The forum offers its audience a means to connect with one another and a chance to learn from some of the leading entrepreneurs and venture capitalists who have made their mark in the Bay Area and beyond.

Hosted by the Lester Center for Entrepreneurship and Innovation, the forum serves as a meeting ground for entrepreneurs, investors, students, faculty, and Haas School alumni. Since 1991, the Entrepreneurs Forum regularly has drawn thousands of attendees to these monthly events. "It is great to be part of the creation of the Entrepreneurs Forum, a meeting place where the best of the Bay Area's emerging companies come to present their ideas," says Jerry Engel, executive director of the Lester Center for Entrepreneurship and Innovation.

Each forum starts with a noisy networking hour over wine and hors d'oeuvres, followed by the "numbers" -- what Engel affectionately calls the few selected guests who get to make a very brief plea for financing or other kinds of help. The main event always offers a peek inside the lives of ground-breaking entrepreneurs, as speakers such as Netscape's Jim Clark, Google's Eric Schmidt, and Garage Technology Ventures' Guy Kawasaki tell their stories.

The season ends with the presentation of the Lester Center's Lifetime Achievement Award. Past award-winners include Alejandro Zaffaroni, founder of several pharmaceutical delivery companies, including Alza, Affymetrix, and Maxygen; Arthur Rock, pioneering venture capitalist; Gordon Moore, co-founder of Intel; William Hambrecht, pioneer in open-bid IPOs; and Edward Penhoet, co-founder of Chiron.

The next two forums will bring Red Herring's Tony Perkins on February 27 and LeapFrog's Mike Wood on March 20.

Perkins, a media entrepreneur and the creator and editor-in-chief of Red Herring, recently founded the AlwaysOn network, a highly interactive online network for technology insiders. He co-wrote The Internet Bubble: Inside the Overvalued World of High-Tech Stocks (HarperBusiness, 1999) and writes a regular column for the Wall Street Journal. He will speak on, "Surviving Whiplash: Beyond the Internet Bubble."

Michael Wood, Berkeley MBA 79, is the founder, CEO, president, and chairman of LeapFrog Enterprises. He will speak on the topic of "Tech Treasure in Toys: The LeapFrog Story." Wood started the company in 1995 after developing the patented Phonics Letters and Phonics Desk products. In addition to his MBA he holds a BA at Stanford University and a JD from the University of California, Hastings College of the Law.

The forum is sponsored by Barrington Partnes, Fenwick & West LLP, Heller Ehrman White & McAuliffe, Intel Capital, KPMG LLP, Leibowitz Shumaker Berger & Rubens LLP, Morgan Stanley Venture Partners, Newbury Ventures, Nokia Ventures, Orrick Herrington & Sutcliffe, Preston Gates & Ellis, PricewaterhouseCoopers, Reed Smith Crosby Heafey, Shartsis Friese & Ginsburg, Siemens Techology-to-Business Center, Silcon Valley Bank, and Technology Partners. For tickets to the events or for more information, visit http://www.haas.berkeley.edu/groups/lester/bef.html.

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One of the leading centers in the area of intellectual property rights, the Berkeley Center for Law & Technology this week is hosting its annual conference -- this year's focus is on the controversies surrounding digital rights management.

The event is sponsored by the Berkeley Center for Law & Technology and the Berkeley Technology Law Journal and will be held February 27 through March 1. The main event on Friday, February 28, will take place at the Haas School's Arthur Andersen Auditorium.

While the conference is already sold out, organizers assure that they will admit all who registered by the February 3 deadline.

Digital Rights Management (DRM) systems are the technological measures built into the hardware or software of home computers, digital televisions, stereo equipment, and portable devices in order to manage the relationships between users and protected expression. Examples include music being released on copy-protected CDs, movies on encrypted and region-encoded DVDs, and Congress considering the mandate of technological protection for digital television.

Carl Shapiro, the Transamerica Professor of Business Strategy and director of the Institute of Business and Economics Research at Haas, will moderate a panel on DRM as an enabler of business models at the conference.

"As technological solutions increasingly interact and even supersede the laws of intellectual property, privacy, and contract law, it is imperative for everyone from lawyers, technologists, and policy-makers to artists and consumers to keep up with the changes," according to Professor Pam Samuelson, director of the Berkeley Center for Law & Technology who holds a joint appointment with the School of Law and the School of Information Management & Systems.

All of the conference proceedings will be available in transcript form, and audio and video will be available for most of the sessions. For more information, visit the web site at www.law.berkeley.edu/bclt/drm/.

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The MBA Challenge for Charity (C4C) annual auction is just around the corner, promising the Haas community the chance to bid on a selection of unique items that can only be found at the Haas School.

The C4C Auction takes place March 7 at the Radisson in the Berkeley Marina and is open to the entire Haas School community. The festivities will start at 7:00 p.m. and the $30 admission includes free appetizers and drinks.

The student-organized auction is the major fundraiser of the year for C4C, usually raising over half of a year's total donations. All proceeds go to the Special Olympics. Last year's live auction was a huge success, bringing in more than $22,000. In 2002, the most popular items at the auction were Professor Paul Tiffany's Sonoma Pool Party, a weekend in Santa Cruz, an Indian dinner for 30, and a dinner with Professor Janet Yellen.

Items on the auction block this year include:

C4C is an annual a competition between the MBA students at the Haas School, Stanford, UCLA, UC Irvine, USC, and the University of Washington, to see which school can raise the most money and volunteer the most time for the Special Olympics.

The entire C4C competition culminates in a C4C Sports Weekend held at Stanford University in April. The weekend's events are the third portion of the competition and the winner of the overall competition is announced at the end of the weekend.

To donate items for the C4C auctions or to buy tickets to the auction, contact Sarah Fey at SarahFey04@mba.berkeley.edu.

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More than 300 Haas School students and alumni gathered at the fourth annual Haas Alumni Network Celebration in Silicon Valley on February 19 to foster long-standing relationships in this community and to build new ones. Alumni from a variety of industries, class years, and backgrounds connected with MBA students interested in working in Silicon Valley after graduation.

The event, held at the Menlo Circus Club in Atherton, helps to bolster the school's presence in the valley while helping students develop a network to assist in their job searches.

Stephen Herrick, host and 1960 Cal alumnus, kicked off the event with a warm and personal introduction of Dean Tom Campbell. Campbell provided some "Predictions on the Northern California Economy," as well as his current thoughts on the possibility of war with Iraq. He predicted that the biotech industry, and new web or software applications associated with biotechnology, will be the next "big thing."

Abby Scott, director of MBA Career Services, and Tenny Frost and Marcy Porus-Gottlieb, co-directors of alumni relations, offered tips on how to recruit at Haas and tap into alumni career services. A group of "industry specialists," alumni with expertise in specific areas, helped connect attending alumni and students with interests in their fields.

Several newly-admitted MBA students, who may enroll at Haas in the fall, joined the event. This tradition was started last year and has proved to be an excellent way for prospective students to get a feel for the Haas School and its alumni network.

"The gathering at the Menlo Circus Club this year was the best ever," said Frost, "Our alumni were extremely generous with their time, advice, and ideas for the MBA students. The students were well prepared and interested in networking with a wide variety of folks. We had to flick the lights to end the party -- it was that good!"

For more information on career services at Haas visit http://www.haas.berkeley.edu/careercenter/.
For information on Haas Alumni Network events, visit http://haas.berkeley.edu/alumni/.

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Haas in the News

Dean Tom Campbell was featured in Fast Company's, "In the Hot Seat" section in the March 2003 issue. Campbell spoke on teaching ethics, building a top-ranked institution, and making a business-school education relevant. Read the full article at http://www.fastcompany.com/online/68/inthehotseat.html.

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, commented on economic effects of a war with Iraq in U.S. News & World Report on February 24 in the article, "The Fear Economy."

Bob Lutz, BS 61, remarked on Americans' "horsepower arms race" in the February 24 issue of Newsweek. Read the full article, titled "My Engine is Bigger Than Your Engine," at http://www.msnbc.com/news/872535.asp.

Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration, spoke about oil refiners' profit margins in the Oakland Tribune and San Mateo County Times on February 21. Read the full article, titled "Oil costs continue boosting gas prices," at http://www.oaklandtribune.com/Stories/0,1413,82~10834~1195103,00.html#.

Jett Pihakis, director of domestic MBA admissions, was quoted at length in The Chronicle of Higher Education on February 21 in the article "Perfecting the Sales Pitch." Pihakis commented on the Haas School's practice of personally calling students who have been accepted into the school. First-year MBA student Jenni Winslow, who was photographed for the article, recalled her own experience in the article.

Severin Borenstein commented on the pending Federal Trade Commission's antitrust action against Unocal in the following news sources:

"Hot or Not," a successful internet business started by James Hong, MBA 99, was featured in USA Today on February 20. Read the full article, titled "On this site, you can rate 'em and then date 'em," at http://www.usatoday.com/tech/webguide/internetlife/ 2003-02-20-hot-side_x.htm.

Severin Borenstein appeared on the Australian Broadcasting Corporation's Lateline on February 20 in a segment titled, "Warning war could cost Australia $120 billion." Read the transcript at http://www.abc.net.au/lateline/s789377.htm.

Severin Borenstein remarked on the current jump in gasoline prices in the Sacramento Bee on February 20 in the article, "Pain at the pump: The specter of war and other factors send gas prices soaring." Read the full article at http://www.sacbee.com/content/news/story/6146285p-7101798c.html.

Severin Borenstein commented on California's past energy crisis in the San Francisco Chronicle on February 19 in the article, "Getting off the grid: State buildings experiment with on-site power systems." Read the full article at http://www.sfgate.com/cgi-bin/article.cgi? file=/chronicle/archive/2003/02/19/BU6882.DTL&type=printable.

Dean Tom Campbell was mentioned in CalBears.org on February 19 in reference to the Memorial Stadium project. Read the full interview, titled "A Conversation with AD Steve Gladstone," at http://california.theinsiders.com/2/94475.html.

The Haas School of Business was mentioned in Newsweek on February 19 in an article about teaching corporate ethics in business schools. The story also mentioned the recent Sherron Watkins talk at Haas. Read the full article, titled "An Ethical Dilemma," at http://www.msnbc.com/news/874789.asp?0cv=KB10.

Haas School of Business undergraduate student Stefan Hochfilzer was featured in UC Berkeley News on February 18 in the section, "Spotlight on Student Entrepreneurs." Read the full article at http://www.berkeley.edu/news/media/releases/2003/02/18_hochfilzer.shtml.

Severin Borenstein appeared on KPIX TV Five O'Clock News on February 18 in a segment about possible effects of a war with Iraq on oil and gasoline prices.

James Wilcox, the Kruttschnitt Family Professor of Financial Institutions, appeared on the 10 O'Clock Channel 2 news on February 18 in a segment on the economy.

The Haas School of Business was mentioned in the Financial Times on February 17 in the article, "Giving minority applicants a helping hand." The school was involved in the Management Leadership for Tomorrow program, which took place in June and September of last year.

Assistant professor Terrance Odean's research on investor behavior was referenced in The Age on February 17 in the article, "Money - Evolutionary Trends."

Severin Borenstein appeared on ABC World News Tonight on February 16. He commented on rising gasoline prices.

Former dean Laura Tyson, the Class of 1939 Professor of Economics and Business Administration (on leave), was featured in The Sunday Times (London) on February 16 in "DTI says this woman will find 100 non-execs. But she won't." Tyson has accepted a government challenge to find 100 non-traditional directors to break the stranglehold of white, middle-aged men in British boardrooms.

Janet Yellen was mentioned in The New York Times on February 16 in reference to the petition against Bush's tax plan, in the article "Economist Duel on Taxes."

Severin Borenstein appeared on KGO TV Six O'Clock News on February 12 in a segment about gasoline prices.

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The Haas NewsWire is the electronic news weekly for the Haas community published every Monday by the Marketing and Communications Office at the Haas School. Send your news, feedback, and suggestions to Haasnews@haas.berkeley.edu.

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