Kaufman Bros. analysts bring to our tightly integrated team approach a variety of skill-sets and experience. Along with their direct communications industry, company development, and management backgrounds, they possess extensive investment community experience.

Kaufman Bros. seeks to deliver comprehensive research coverage to the institutional and private investment communities in the following sectors:

Cable, Satellite & Interactive Media                                                                                            Communications Equipment & Services
Digital Media Software
Enterprise Communications Technology
Financial Services & Banks

Investor Protection Principles

Kaufman Bros., L.P. has adopted the following investor protection principles:

1. sever the link between compensation for analysts and investment banking

2. prohibit investment banking input into analysts' compensation

3. create a review committee to approve all research recommendations

4. require that, upon discontinuation of research coverage of a company, Kaufman Bros. will disclose the termination and the rationale for such termination

5. disclose in research reports whether Kaufman Bros. has received or is entitled to receive any compensation from a covered company over the past 12 months

6. establish a monitor process to ensure compliance with these Investor Protection Principles