Bear Stearns Equity Research Expands Coverage of Large Cap Companies in Eastern Europe, the Middle East and Africa; Expertise Includes Strategy and Economic Analysis of EMEA Region.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Building on its existing global emerging markets expertise, The Bear Stearns Equity Research Department today added large-cap Russian based oil and gas concerns, Lukoil (LUKOY), Sibneft (SBKYY) and Yukos (YUKOY), to its growing list of companies under coverage in Eastern Europe, the Middle East and Africa (EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. ). The market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of EMEA companies now under coverage at Bear Stearns totals approximately $208 billion and spans the telecommunications, pharmaceutical, electricity, oil/gas and pulp and paper sectors. Bear Stearns analysis of the EMEA region also includes strategy and economics with the addition of Marianna Kozintseva, Ph.D. who recently joined the firm under emerging markets portfolio strategist Thierry Wizman, Ph.D. "Our EMEA research focuses on regions and sectors where a global perspective is appropriate," said Rowe Michels, Director of Emerging Markets Research. "While local or regional coverage is suitable in some sectors, in others a broader and more global view is critical." Analysis of the EMEA region builds on premier equity research coverage of Latin America and rapidly growing coverage of Asia, excluding Japan. For global emerging markets research or the initiations of coverage, the press may call Monica Orbe at (212) 272-9294 or email morbe@bear.com. Founded in 1923, Bear, Stearns & Co. Inc. is a leading investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE NYSE See: New York Stock Exchange :BSC (Binary Synchronous Communications) See bisync. ). With approximately $41.6 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance and mergers and acquisitions, institutional equities and fixed income sales and trading, securities research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers financing, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , clearing and technology solutions to hedge funds, broker-dealers and investment advisors. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , the company has approximately 10,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's website at http://www.bearstearns.com. |
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