Haas NewsWire

Haas NewsWire, November 28, 2005

UC Berkeley Semiconductor Team Wins Inaugural Intel-Berkeley Tech Challenge

Harmonic Devices Team

Harmonic Devices, a Berkeley MBA and engineering team whose semiconductor technology promises to dramatically improve the cost, functionality, and size of portable devices, won the global Intel+UC Berkeley Technology Entrepreneurship Challenge held on Friday, November 18, at the Haas School.

The competition, which is sponsored by Intel Corporation and hosted by the Lester Center for Entrepreneurship & Innovation, promotes the commercialization of technological innovations that promise significant positive impact on industry and society.

"This competition brings together entrepreneurs from around the world to learn from each other -- these teams are all winners," said Jerome Engel, executive director of the Lester Center for Entrepreneurship & Innovation. "In joining forces with us, Intel recognized the unique setting the Haas School and its Lester Center provide to promote global innovation due to their excellence in both technology and business innovation."

Harmonic Devices took the challenge's grand prize of $25,000 for its technology that delivers new levels of component miniaturization, longer battery life, and lower costs. For their initial target market of mobile phones and other portable wireless handsets, Harmonic Devices will introduce the world's first silicon chip integrating radio-frequency filters for multiple bands.

Harmonic Devices also won the University of San Francisco International Business Plan Competition in March and the UC Berkeley Business Plan Competition in May of 2005.

The technology for Harmonic Devices was developed by Gianluca Piazza and Philip Stephanou at the College of Engineering's Berkeley Sensor and Actuator Center. Piazza is a recent Ph.D. graduate in electrical engineering; Stephanou is completing his Ph.D. in mechanical engineering. The management team also consists of electrical engineering Ph.D. candidate Justin Black and full-time Berkeley MBA 2005 graduate Kenneth Miller.

Two additional prizes of $7,500 each went to the two teams from Singapore National University: BioMers and Infinity. The top Technology Impact Prize went to BioMers, a medical device company that manufactures the first orthodontic braces that feature both translucent brackets and wires. Infinity won the prize for Global Market Impact with a new lens technology, FluidOptics™, that creates better focusing and enhanced zoom features for ultra-compact size electronics, including camera phones, compact digital cameras, and camcorders. 

The ten finalists were selected from five business plan competitions from around the globe: the UC Berkeley Business Plan Competition; the Business Innovation Technology competition, a collaboration of six Russian universities; Tec de Monterrey's Premio Intel competition in Mexico; National University of Singapore's Start-Up@Singapore Enterprise Launcher; and Arizona State University's Technology Entrepreneurship Challenge.  The teams presented their technologies and business plans to judges from the venture capital firms with global reach -- Partech International, Newbury Ventures, BlueRun Ventures, Walden International, and Intel Capital.

Berkeley MBA Team Wins Elite Eight Brand Management Case Challenge

A team of five full-time Berkeley MBA students took first place at the Elite Eight Brand Management Case Challenge, held November 17-19 at the Carlson School of Management at the University of Minnesota, Minneapolis.

The Haas team beat out eight schools including the Wharton School of the University of Pennsylvania and the Kellogg School of Management at Northwestern University at this invitation-only competition. Teams prepared a structured case analysis and made recommendations for a strategic brand management problem.

"We developed a brand positioning for a company called EcoLab and presented it with a comprehensive set of tactics to operationalize our recommended strategy," says Mani Pandher, MBA 06. "The case was well received by the client and the judging panel as a whole. We successfully applied our marketing knowledge to place first from an impressive list of business schools." The Haas team was awarded $10,000. The Fuqua School of Business at Duke University placed second and Wharton placed third.

The winning Haas team included both first- and second-year MBA students. Team members were Nimrod Pais, Mani Pandher, and Pareen Shah, all MBA 06, and Pensuda Laosiripojana and Karen Maurer, both MBA 07.

Eight student teams, representing top MBA programs from across the country, gather annually for this competition, which was founded in 2000. For more information on the Elite Eight Brand Management Case Challenge, visit http://carlsonschool.umn.edu/Page2909.aspx.

Berkeley MBA Student Wins 2005 Best MBA Paper from the Center for Corporate Citizenship

The Center for Corporate Citizenship at Boston College and Net Impact have presented the 2005 Best MBA Paper Award to second-year full-time Berkeley MBA student Douglas Young.

Young's paper, titled "Corporate Social Responsibility: Strategic Recommendations for US Banks," examines the implications of legislation to mandate non-financial reporting in the banking and financial services industry. In the paper he also advocates for banks to create a strategic approach to corporate social responsibility and provides a detailed theoretical proposal for a bank with a leadership position within the industry. Professor Vinod Aggarwal of the Haas School Business and Public Policy Group, acted as his faculty sponsor.

The annual competition for the "Best MBA Paper in Corporate Citizenship" is conducted by the Center for Corporate Citizenship and Net Impact, a network of business students committed to using the power of business to create a better world. The contest is intended to encourage students and faculty to understand the practices, challenges and opportunities of corporate citizenship as well as the exploration of corporate citizenship in the business school curriculum. The winning paper receives a $2,000 award, and $750 is awarded to the faculty sponsor.

For more information on the award visit http://www.bcccc.net/index.cfm?fuseaction=Feature.showFeature&FeatureID=153&PageID=4.

Welcome Dean Campbell Back to Haas, Dec. 1

The Haas community is invited to attend a special reception to welcome Dean Tom Campbell back to the Haas School after his one-year leave of absence to serve as Director of Finance of the State of California, on Thursday, December 1, from 4:00 to 6:00 p.m. in the Bank of America Forum.

Paul Gray, executive vice chancellor and provost, and Rich Lyons, acting dean during Dean Campbell's leave, will speak at the event. RSVPs are not necessary. For further information please contact Carlis Crowe at 510-643-8782 or at carlis@haas.berkeley.edu.

Walden Finds a New Kind of Stock Market Bubble

Assistant Professor Johan Walden's fascination with major shifts in stock markets has lead him to create an economic model that explains some of the most precipitous drops in US markets -- from the 1929 crash of the New York Stock Exchange to the bursting of the NASDAQ high-tech bubble in 2000-2002.

Walden is one of five new professors who joined the Haas School this fall. He is in the Finance Group.

"The traditional view of stock markets is that information -- news, company earnings, and so on --  arrives and is incorporated into stock prices by rational investors," says Walden "But crashes often challenge this view."  According to Walden the NASDAQ collapse in 2000 to 2002 suggests that technology stocks were overpriced before the crash, which contradicts the traditional view of the market.  In addition, the October 1987 crash represented a large market move without new information to justify the move.

In response to these events, Walden developed a model of stock markets that includes a new type of market bubble and led him to coin the term "locally rational investors" to explain the behaviors he found.  He wrote his Ph.D. dissertation about this model and the results he generated from it.

Walden's model explains both overpriced stocks and large price movements without information to justify those movements. In the model, large price decreases are triggered from within the system when points of market failure are reached. At these points, investors' self-fulfilling expectations of stock returns can not be sustained at any finite price level and the bubble collapses. "Investors in the model cannot predict these very rare events of market failure even though they are triggered from within the system and thereby, in principle, possible to predict. This makes those investors almost, but not completely rational," says Walden. "This is the concept of local rationality – they understand the stock market on a local, day-to-day, basis but not on global basis, which would require knowledge about stock prices for all stocks in all states of the world at all times into the infinite future."

Walden holds a Ph.D. in financial economics from Yale University as well as a Ph.D. in applied mathematics, an MS in business studies and economics, and an MS in engineering physics, all from Uppsala University in Sweden. He is teaching Introduction to Finance in the Evening & Weekend MBA Program next semester.

Economist Ranks Haas Custom Executive Education Programs #8 in the World

The Economist Intelligence Unit (EIU) ranked the Haas School’s custom executive development programs, offered by the school’s Center for Executive Development (CED), #8 in the world in its first-ever executive education rankings, published on November 22.

The Haas School’s company-specific programs, commonly known as custom programs, received a score of 4.1 (out of a possible 5), tying for #8 with Ecole de Management de Lyon, France, and University of Maryland’s Smith School of Business. Among open enrollment programs Haas ranked #25 in the world with a 3.5 score (out of a possible 5).

The EIU, which is owned by the same company that owns The Economist magazine, based its custom programs scores on survey responses of past program participants and the schools' data on repeat business. The open enrollment score was calculated from schools' repeat business and number of courses offered as well as survey responses of organizations purchasers of executive programs.

To view the entire ranking, go to http://mba.eiu.com.

Pino Audia Explores the Myth of the Garage Entrepreneur in the Latest California Management Review

Entrepreneurs who launch their new firms from their garage may need more than an idea nurtured among paint cans and Pontiacs to create a new business, according to an article in the latest issue of the California Management Review by Assistant Professor Pino Audia and Haas Ph.D. student Christopher Rider.

"The article has important implications, especially for educational institutions that seek to instruct graduates on how to start their own firms," says Professor David Vogel, editor of the California Management Review (CMR). “Instead of encouraging students to start out on their own, business schools need to teach would-be entrepreneurs about the importance of gaining experience by first working for established firms.”

The fall 2005 issue features a second lead article on entrepreneurship that explores the relationship between Stanford University and Silicon Valley. Other articles shed light on managing the business cycle to gain competitive advantage, unlocking business value from IT investments, and the difference between customer satisfaction—and customer delight.

Now entering its 48 th year of publication, CMR serves as a vehicle of communication between those who study management and those who practice it. CMR publishes articles that are both research-based and address issues of current concern to managers. 

Complimentary copies are available for all Haas School students in the student lounges and program offices. Alumni interested in receiving a complimentary issue of CMR should send an e-mail to cmr@haas.berkeley.edu. Alumni may receive a special CMR alumni subscription at the rate of only $40 in the US and $60 internationally.

For more information on CMR, visit http://cmr.berkeley.edu/.

New MBA Association Leadership Announced

The members of the 2005/06 Full-time MBA Association leadership team have been elected and announced. “I am really excited about the MBAA team that the school has selected for 2006,” says Jeff Boortz, MBA 07, newly elected president of the MBAA. “My goal for the coming year is that we improve the lives of students in small but noticeable ways. To do so, we are going to need to understand the pain points, so I hope that all the students feel they can come to us with their suggestions and ideas.”

The MBA 07 students who will be serving on the MBAA are:

+ President: Jeff Boortz
+ VP of Academics: Andy Chen
+ VP of Admissions: Simona M. Chin
+ VP of Alumni: Dai Pham
+ VP of Careers: Rajiv Vaidyanathan
+ VP of Clubs: Kyle Christensen
+ VP of Communications: Kelly Mason
+ VP of Community: Shaolee Sen
+ VP of Diversity: Robin DeGracia
+ VP of Finance: Scott Callard
+ VP of International: Vanessa DellaPasqua
+ VP of Social: David Good
+ VP of Technology: Nathan Petersen

Get a Head Start on Your Holiday Shopping at the YEAH Sale

Students from the Young Entrepreneurs at Haas Program's After School Business Clubs will be conducting the second Annual YEAH Holiday Sale on Saturday December 3, in the Arthur Andersen Auditorium.

These middle school students will be selling handmade holiday crafts from 8:30 a.m. to 9:30 a.m. and again from 11:30 a.m. to 12:00 noon. The schools represented include Martin Luther King ( Berkeley), St. Joseph's ( Berkeley), Westlake ( Oakland), Bret Harte ( Oakland), and Lionel Wilson ( Oakland). All of the proceeds from the sales will benefit the community partners of the clubs. This year's partners are the Lindsay Wildlife Museum, the American Red Cross, Children's Hospital Oakland, the Oakland Zoo, and Habitat for Humanity.

For more information, contact Jeff Hicks at jhicks@haas.berkeley.edu.

Upgraded Voicemail System Available Now, Ahead of January 28 Changeover

The entire UC Berkeley campus will change over to an upgraded voicemail system on January 28, but all voicemail users have the option of transferring to the new system now.

In moving to the new system, users retain their current level of service, Voicemail Basic, Plus, or Enhanced. Users must access the system before the switchover to have continuous voice mail service.

Called UniBears, the upgrade provides enhancements beyond standard voicemail, such as a web interface that allows users to change playback mode and how messages are counted and sorted. The amount of time for which a set number of messages may be archived has changed as well, from 14 to 21 days for Basic and Plus, and from 14 to 60 days for Enhanced.

Messages, recorded names, recorded greetings, and passwords will not automatically migrate to the new system. Users are encouraged to make the switch early as it is anticipated that phone lines to set up the system will be very busy upon the changeover. Early users can access the system at 510-643-2929 to reset passwords and to record a new name and greeting. After January 28, the phone number to access voicemail will again be 510-643-5530.

For UniBears tech support, call CNS at 510-642-8080 or call Hannah Yoshii at 510-642-1459. Visit http://unibears.berkeley.edu for more information on changing over to the new system.

Faculty News

Hochbaum Honored for Contributions to Operations Research

Professor Dorit S. Hochbaum was elected a fellow of INFORMS (Institute for Operations Research and Management Sciences) in recognition of her outstanding contributions to Operations Research and Management Science.  The award was conferred at a luncheon on Monday, November 14, 2005, during the INFORMS annual meeting in San Francisco.

Professor Hochbaum is the fourth INFORMS fellow at UC Berkeley and the first INFORMS fellow at the Haas School of Business.

Haas in the News

Haas undergraduate students Sabine Simmerman and Chrissy Byron were mentioned in several news outlets for their involvement in the FBI recruitment process to attract more diverse recruits:

+ In the Oakland Tribune on November 22 in an article titled “FBI turns to UC Berkeley for Help Softening Its Image.” For full article: http://www.insidebayarea.com/oaklandtribune/localnews/ci_3241529

+ Inside the Bay Area's Daily Review on November 22 in an article titled “ UC Berkeley Helps FBI recruit.”

+ On Palm Desert's KESQ Channel 3 News on November 22 in a segment titled “ FBI Taps UC Berkeley Marketing Students for Recruitment Campaign.” For full article: http://www.kesq.com/Global/story.asp?S=4153785&nav=9qrx

Professor Janet Yellen, on leave as to serve as president and CEO of the Federal Reserve Bank of San Francisco , was quoted about the possibility of interest rate increases in the following articles:

+ Bloomberg News on November 21 in an article titled “ Treasury Investors See Rally by June as Fed Rates Slow Growth.” For full article: http://www.bloomberg.com/apps/news?pid=10000103&sid=axNwqMxU5mwI&refer=us#

+ The Chicago Tribune on November 22 in an article titled “Additional Rate Hikes Possible, Moskow Warns.” For full article: http://www.chicagotribune.com/business/chi-0511220138nov22,1,4655056.story? coll=chi-business-hed&ctrack=1&cset=true

Severin Borenstein, the E.T. Grether Professor of Business Administration and Public Policy, was quoted in the Baltimore Sun in an article on November 21, titled “Sudden Relief at the Gas Pump” regarding sudden decline in gas prices. For full article: http://www.baltimoresun.com/news/nationworld/bal-gas1121,1,14945.story? coll=bal-home-headlines&ctrack=1&cset=true

Dwight Jaffee, the Willis Booth Professor of Banking, Finance, and Real Estate, was quoted in the Washington Post in an article titled “Fed Nominee's Life Rooted in Numbers” on November 20 regarding Ben Bernanke, Bush's nominee for chairman of the Federal Reserve. For full article: http://www.floridatoday.com/apps/pbcs.dll/article?AID=/20051120/BUSINESS/511200314/1003

Hal Varian, professor in the Haas Operations and Information Technology Management Group, was quoted in an Indian Express Group online article on November 19 titled “What’s It Worth? eBay Lets Users Search Prices.” For full article: http://www.expressindia.com/fullstory.php?newsid=58157#compstory

Cynthia Kroll, senior regional economist for the Fisher Center for Real Estate and Urban Economics, was quoted in a CBS News 5 segment “Housing Sales Show Sings of Slow Down” on November 17. For full article: http://cbs5.com/topstories/local_story_322005039.html

Professor Dwight Jaffee and Ashok Bardhan, a senior economist as the Haas School’s Fisher Center, were featured in a Contra Costa Times article titled “ Small High-tech Firms Outsource Less” on November 17 for their research in outsourcing. For full article: http://www.contracostatimes.com/mld/cctimes/13193150.htm

Severin Borenstein was quoted in the San Jose Mercury News article “Greenhouse Emissions Cut by Coalition” on November 17. He commented on the future of the greenhouse emissions program. For full article: http://www.mercurynews.com/mld/mercurynews/news/13189662.htm

Peter Sealey, adjunct professor in Marketing Group, was featured in La Nación on November 13.

Terrance Odean, professor in the Haas Finance Group, was mentioned for his “Boys Will Be Boys” study about male investors in the CNN segment on November 11, titled “Hedge Funds: Where the Girls Aren’t.” For full article: http://money.cnn.com/2005/11/11/funds/hedgingwomen_fortune_111405/?cnn=yes

Teresa Costantinidis, chief operating officer for the Haas School, and Christine Chun, a Haas MBA student were quoted in the Contra Costa Times article on November 16, titled “Students Feel Burden of UC Fee Hike Proposal.” For full article: http://www.contracostatimes.com/mld/cctimes/email/news/13182270.htm.

Sebastian Teunissen, adjunct professor and executive director of the Clausen Center for International Business and Policy, was interviewed regarding Governor Schwarzenegger's trade promotion trip to China, by ABC Channel 7 News on November 15.

Happening at Haas

Management of technology lecture series
"The Future is Not What it Used to Be," by Jean Paul Jacob, Technology Evangelist, IBM   
Wednesday, November 30
4:00 p.m. to 6:00 p.m.
Wells Fargo Room
For more information, contact Andrew Isaacs at isaacs@haas.berkeley.edu.


"On Corporate Architectural Reorganization, 1993-2003" by Lihua Wang, Graduate School of Business, Columbia University
Wednesday, November 30
4:00 p.m. to 5:30 p.m.
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

"Valuing and Hedging Defined Benefit Pension Obligations - The Role of Stocks Revisited" by Deborah Lucas, Northwestern University
Thursday, December 1
4:10 p.m. to 5:40 p.m.
For more information, contact June Wong at june@haas.berkeley.edu.

”Social Networks and Economic Behavior” by Matt Jackson, Cal Tech
Thursday, December 1
4:10 p.m. to 6:00 p.m.
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.

Pierre Chandon, INSEAD
Friday, December 2
4:00 p.m. to 5:30 p.m.
For more information, contact Laura Gardner at Lgardner@haas.berkeley.edu.

“The Perpetuation of Gender Inequality: A Cross-institutional Approach” by Joanne Martin, Graduate School of Business, Stanford University
Wednesday, December 7
4:00 p.m. to 5:30 p.m.
For more information, contact Deborah Houy at houy@haas.berkeley.edu.

"Supply and Demand Shifts in the Shorting Market" by Christopher Malloy, London Business School
Thursday, December 8
4:10 p.m. to 5:40 p.m.
For more information, contact June Wong at june@haas.berkeley.edu.

Bennet Zelner, visiting professor, Haas School of Business
Thursday, December 8
4:10 p.m. to 6:00 p.m.
For more information, contact Anita Stephens at stephens@haas.berkeley.edu.

Steve Huff and Yakov Bart, Ph.D.s, Haas School of Business
Friday, December 9
4:00 p.m. to 5:30 p.m.
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu.


Second Annual Holiday Party & Haas Annual Fund Benefit
Thursday, December 1
6:00 p.m. to 10:00 p.m.
Gallery One Embarcadero, One Embarcadero Center, Lobby Level, Suite 1EC, San Francisco
San Francisco alumni are invited to the Second Annual Holiday Party & Haas Annual Fund Benefit. Mingle with fellow alumni from the Berkeley-Columbia Executive MBA, Full-time MBA and Evening & Weekend MBA, and Undergraduate programs. Enjoy fine wines, admire recent works by exciting local artists, and enjoy great music. Stop by for the whole evening or on the way to your next party. A portion of your admission price will benefit the Haas Annual Fund. To register go to http://www.acteva.com/go/hansf. For more information, contact David Gimpelevich at gimpelev@alumni.haas.org.

Cross Business School Happy Hour
Tuesday, December 6
6:00 p.m. to 9:00 p.m.
Location to be determined
Join alums from Wharton, Sloan (MIT), INSEAD, IMD, Stanford, Stern, (NYU), Tuck (Dartmouth), SOM (Yale), London Business School, Johnson (Cornell), Fuqua (Duke), Harvard, and Columbia for the monthly Cross Business Happy Hour. It is a great way to meet and mingle with alums from Haas and other business schools. For more information, contact Karen O'Brien at karen_obrien@usa.net.

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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