Bear Stearns to Hold 13th Annual Technology Conference; Agenda Will Include More Than 200 Companies and Keynote Addresses From Industry Leaders.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 21, 2002

Bear, Stearns & Co. Inc today released the agenda for the firm's 13th annual Technology Conference scheduled for Tuesday, June 11 through Thursday, June 13 at the Grand Hyatt Hotel in New York City. The conference is the largest technology conference held on the East Coast by any investment banking firm. In addition to presentations from more than 200 leading companies, keynote addresses will be delivered by Scott McNealy, chairman and chief executive officer of Sun Microsystems, Jeff Bezos, chairman and chief executive officer of Amazon.com, James C. Morgan, chairman and chief executive officer of Applied Materials, and Rich Templeton, executive vice president and chief operating officer of Texas Instruments.

The companies presenting at the conference represent a number of different technology segments including computer hardware, data storage, electronics manufacturing services (EMS), Internet infrastructure, semiconductor devices and equipment, software and telecom equipment (wireline/wireless). The Bear Stearns Technology Conference will also feature issue-oriented panels including Technology Company Accounting Issues, The Buyside Perspective, Entertainment Software, Internet & Network Security, Semiconductors, Software, Storage: Store/Forward, Venture Capital, Wireless Communications and Wireline Technology. Moreover, there are two "mini-conferences" that take place concurrent with the technology conference: Computer and Business Services and Supply Chain Technology.

Commenting on the conference, Bear Stearns senior managing director and technology analyst Andy Neff, said, "Our goal is to provide our clients with a broad cross section of companies and top executives to help them draw conclusions on the major investment themes that will drive technology stocks over the near and long-term."

For more information or to register for the conference members of the press can call Jenny Goldrick in the Bear Stearns Conference Group on 212-272-3673 or e-mail [e-mail].

Founded in 1923, Bear, Stearns & Co. Inc. is a leading worldwide investment banking and securities trading and brokerage firm, and the major subsidiary of The Bear Stearns Companies Inc. (NYSE:BSC). With approximately $31.1 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, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Through Bear, Stearns Securities Corp., it offers prime broker and broker dealer services, including securities lending. Headquartered in New York City, the company has approximately 10,500 employees worldwide. For additional information about Bear Stearns, please visit the firm's Web site at http://www.bearstearns.com.