Haas NewsWire
September 10, 2001

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CONTENTS
    * Haas Ranks Fourth Again in US News Undergraduate Rankings
    * Arun Sarin and John Gage to Speak at the Leading Edge Conference
    * The Second of Six New Faculty Profiles: Chris Hennessy Joins the 
Finance Group
    * Haas in the News
    * Happening at Haas
    * Haas Celebrations
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HAAS RANKS FOURTH AGAIN IN US NEWS UNDERGRADUATE RANKINGS
The Haas School of Business ranked fourth for the second year in a row in 
the 2001 US News & World Report survey of undergraduate business school 
programs published today, September 10. In fact, the six top schools earned 
the same ranks they did last year.

  The top ten programs and their scores (5.0 being the highest):

1. University of Pennsylvania (Wharton) 4.8
2. Massachusetts Institute of Technology (Sloan) 4.6
2. University of Michigan-Ann Arbor 4.6
4. University of California-Berkeley (Haas) 4.5
5. University of North Carolina-Chapel Hill (Kenan-Flagler) 4.3
5. University of Texas-Austin (McCombs) 4.3
7. Carnegie Mellon University  4.2
7. University of Virginia (McIntire) 4.2
9. Indiana University-Bloomington (Kelley) 4.1
9. New York University (Stern) 4.1
9. University of Illinois-Urbana-Champaign 4.1

"Once again, we are extremely pleased that the Haas undergraduate program 
is ranked among the top 4 undergraduate business programs by US News & 
World Report along with such esteemed institutions as Wharton, MIT, and 
Michigan," said Dan Himelstein, director of the Haas undergraduate program.

There are 350 accredited schools that offer undergraduate degrees in 
business, 48% of which responded to this survey. US News asked deans and 
senior faculty to rate the quality of all programs they are familiar with 
on a scale of 1 (marginal) to 5 (distinguished).

"This top-four ranking of the Haas undergraduate program means that US News 
& World Report recently ranked three Haas degree programs in the top ten -- 
Undergraduate, MBA, and Evening MBA," said Andy Shogan, associate dean of 
academic programs. "This is a tribute to the overall excellence of the Haas 
School's students, faculty, staff." The MBA program ranked 7th and the 
Evening MBA program ranked 8th in March of 2001.

US News also ranked several school-wide specialties or particular strengths 
of business programs. Here is how the Haas School faired this year:

3rd in Marketing (4th in 2000)
4th in Finance (4th in 2000)
5th in Management (3rd in 2000)
5th in E-commerce (5th in 2000)
7th in Entrepreneurship (8th in 2000)
8th in International Business (6th in 2000)
9th in Accounting (not ranked in 2000)
9th in Production/Operations Management (not ranked in 2000)
11th in Management Information Technology (not ranked in 2000)
13th in Supply Chain Management/Logistics (not ranked in 2000)

Any school that offered any courses in a particular specialty was eligible 
to be ranked in that area. Deans and senior faculty of business schools 
nominated up to 10 of the best programs in each specialty area.

For a complete listing of the rankings, visit 
http://www.usnews.com/usnews/edu/college/rankings/rankindex.htm.
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ARUN SARIN AND JOHN GAGE TO SPEAK AT THE LEADING EDGE CONFERENCE
The future of high tech comes to Haas in two weeks with the 4th Annual 
Leading Edge Technology Conference, "@ the intersection of business, 
technology, and leadership," which takes place on September 21 and 22.

The student-run Leading Edge Technology Conference sold out the last two 
years in a row and demand for this year's conference is expected to be just 
as high. Ticket sales are open to Haas MBA students and faculty, UC 
Berkeley students and faculty, alumni, and business community members. The 
price is $75 for general admission. Students currently enrolled at UC 
Berkeley are eligible for a discounted admission price of $50.

Please visit the conference's official website at www.TheLeadingEdge.org 
for the latest updates on ticketing and for the conference schedule.

The conference starts off on Friday, September 21, with a special evening 
recruiting reception for Leading Edge sponsors. Various industry players 
who are a vital part of the technology industry have sponsored the 
conference. They include, Fortune, Business 2.0, JP Morgan, Accenture, New 
York Stock Exchange, Broadview, Hewlett-Packard, BEA Systems Inc., and the 
UC Berkeley Management of Technology program.

On Saturday, September 22, the day begins with the Technology Futurists 
Forum, a chance to hear what some of the leading thinkers in Silicon Valley 
see as the next big thing for high tech. Forum participants include Bob 
Bauer, manager of the Advanced Systems Development Laboratory at Xerox 
PARC; John Gage, chief researcher and director of the Science Office at Sun 
Microsystems; and Robert Mittman, director of the Institute of the Future. 
Ned Desmond, editor and president of Business 2.0, will moderate.

Arun Sarin, MBA 78, MS 78, CEO of Accel-KKR Telecom, will give a keynote 
speech on the world of telecomm. Sarin is the former CEO of InfoSpace, 
Inc., and of the US and Asia Pacific regions of Vodafone.  Keynote speaker 
Brian Bogosian, president and CEO of Visto Corporation, will also share his 
vision of technology.

After the forum, three sessions of panel discussion scheduled throughout 
the day will cover a broad range of topics led by some of the most 
outspoken and respected luminaries in their respective industries today. 
Topics include:

   +Nanotechnology: Big Things In Small Packages?
   +New Frontiers: Technology in Developing Countries
   +Fuel Cells and a Hydrogen Economy: The Future of Energy or a 
Hindenburg-esque Flop?
   +MicroMechanical Systems (MEMS): The Giant Impact of Microscopic Devices
   +Energy Technology
   +May Day! May Day! Who Owns the Internet Anymore?
   +Venture Capital: Changes and New Directions
   +The Future of Wireless Networks: Connect Anywhere?
   +New High Score: The Expanding Business of Electronic Games
   +Technology Valuation & Strategy: Post-Bubble
   +Free Ain't Cheap Enough: Getting Physicians to use Information Technology
   +E-Learning: Can E-Learning Live Up to its Hype of Transforming Skill 
Acquisition in the Corporate Classroom?
   +Media Convergence: When Will it Really be Available to the Masses?
   +Data Storage: Startups and VCs on the Hype versus the Real Opportunity
   +Birth, Life, Death, and the Afterlife in Biotechnology

Participants will also be able to see innovation in action at the EdgeXpo 
Technology Fair, which will provide hands-on access to some of the newest 
technologies on the market today. The gadgets include the wireless 
technology currently being used at Giants games; MEMS technology; and 
interactive webcast technology.  The current exhibitors list for EdgeXpo are:

   +C Technologies
   +Candescent Technologies
   +Identix
   +Motorola
   +Motion Sense
   +Wideray
   +Xora, Inc.

Participants are encouraged to bring their handhelds to the event because 
the conference will be using WideRay's patented wireless technology to 
broadcast conference details to attendees.
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  THE SECOND OF SIX NEW FACULTY PROFILES: CHRIS HENNESSY JOINS FINANCE GROUP
Christopher Hennessy joined the Finance faculty this fall fresh from 
Princeton University where he received his Ph.D. and served as a lecturer 
in Fall 2000. His research interests include how businesses are financed 
and how that affects decision making.

In his dissertation Hennessy discussed the way in which the choice of 
financing for a business (debt, equity, convertible debt, or equity 
warrants) affects investment policy.  "I deal with two issues, the amount 
of investment and the riskiness of investment," says Hennessy.  Businesses 
with higher amounts of debt are found to lower investment levels, 
particularly when the debt level is heavy enough to push the firm into 
lower bond rating categories. "My advice to lenders: don't think people are 
bad; they are worse than you think."

Hennessy believes that understanding what determines the investment policy 
of businesses is essential to fostering economic growth.  "A major part of 
the reason why the US enjoys its high standard of living is that capital is 
plentiful," says Hennessy. "Capital remains plentiful despite high taxation 
of capital income in the US. I believe part of the reason is that the US 
has given investors superior protection in terms of stability of property 
rights and guarantees against managers running off with funds.  Russia 
offers a clear demonstration of what happens if you do not anticipate and 
protect against perverse managerial incentives."

In addition to his Ph.D. in economics, Hennessy has a Masters of Public 
Administration from Princeton University. His BA is from Swarthmore College 
in economics and political science.  Prior to pursuing his doctoral degree, 
he was a senior consultant in the Barents Group of KPMG Peat Marwick.

In spring 2002, Hennessy will teach Corporate Finance in the Masters of 
Financial Engineering Program and Corporate Finance in the Ph.D. Program. 
His office is located in F632, his phone number is 3-1900, and his e-mail 
is hennessy@haas.berkeley.edu.
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HAAS IN THE NEWS
Michael Katz, the Edward J. and Mollie Arnold Professor of Business 
Administration, was mentioned in the San Francisco Chronicle on Sept. 7 in 
an article titled "Few See End to Antitrust Enforcement."  Read it here: 
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/07/MN225745.DTL.

Severin Borenstein, the E.T. Grether Professor in Public Policy and 
Business Administration, was quoted in the Sacramento Bee on the 
relationship between company shutdowns and increasing electricity costs on 
Sept. 6.  Read the full article here: 
http://www.capitolalert.com/news/capalert01_20010906.html.

Andew Issacs, executive director of the Management of Technology Program, 
was quoted in the Los Angeles Times on Sept. 6 in an article about the 
meltdown of the dot-com industry.
http://latimes.com/technology/la-000071914sep06.story.

Raymond Miles, professor emeritus and former dean, commented on the Hewlett 
Packard-Compaq deal in the San Francisco Chronicle on Sept 6.  Read more 
here: 
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/09/06/BU88381.DTL.

The Washington Times quoted James Lincoln, the Warren E. and Carol Spieker 
Professor of Leadership and the director of the Institute of Industrial 
Relations, in an article about Japan's rising unemployment titled "Rising 
joblessness threatens security," on Sept. 5.  Read the full article here: 
http://www.washtimes.com/world/20010905-16007186.htm.
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HAPPENING AT HAAS
Pacific Rim Firm Night
First- and second-years get to mingle with representatives from a variety 
of companies at this business casual recruiting event. Bring your resume.
Thursday, September 13, 2001
6:00 p.m. to 8:00 p.m.
Location: TBD

Changing Neighborhoods: New Visions for Community Revitalization
Berkeley Program on Housing and Urban Policy Third Annual Conference: 
keynote speakers are Art Agnos, former San Francisco Mayor and Regional HUD 
Administrator in the Clinton Administration, and James Carr, vice president 
of the Fannie Mae Foundation.
Friday, September 14, 2001
All day
Arthur Andersen Auditorium
For more information, visit 
http://urbanpolicy.berkeley.edu/2001conference.htm.

Consumption Function
Friday, September 14, 2001
5:00 p.m. to 9:00 p.m.
Haas Courtyard/B of A Forum

C4C Bowling Night
First fundraiser of the academic year for Challenge for Charity.
September 19, 2001
9:00 p.m. to 11:30 p.m.
For more information, contact Wendy Hsu at 510-524-3502 or email at 
whsu@haas.berkeley.edu.

The Fifth Annual UC Berkeley Forum on Knowledge and the Firm
"New Patterns in Knowledge Management in the Knowledge Economy"
Friday, September 21, 2001
9:00 a.m. to 3:30 p.m.
Arthur Andersen Auditorium
For registration and schedule, please visit 
http://groups.haas.berkeley.edu/imio/knowledge/index2001.htm.



Haas EvMBA Association
Haas EvMBA Golf Classic
October 7, 2001
Diablo Grande Golf Course:  https://www.diablogrande.com/
Cost: $100/student, faculty and staff; $150/alumni

This first annual event is designed to be a networking opportunity for 
current evening students, faculty, staff, alumni, and corporate 
recruitors.  In addition, the event will raise money and awareness for the 
local nonprofit organization, OTX (Oakland Technology Exchange).  To join 
the fun, contact the Evening MBA  Program office, or the organizer, Cindy 
Best, at best@haas.berkeley.edu.

Ph.D. Seminars
E.T. GRETHER MARKETING SEMINAR
"Promoting to Multiple Agents: The Case of Direct-to-Consumer Drug 
Advertising," by Marta Wosinska, UC Berkeley
Thursday, September 13, 2001
3:30 p.m. to 5:00 p.m.
Room F320
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu

E.T. GRETHER MARKETING SEMINAR
"Consumer Search Costs and Endogenous Product Design," by Dmitri Kuksov, UC 
Berkeley
Thursday, September 20, 2001
3:30 p.m. to 5:00 p.m.
Room F320
For more information, contact Laura Gardner at lgardner@haas.berkeley.edu

IDS270-INSTITUTIONAL ANALYSIS WORKSHOP
"Devaluations and Debt Forgiveness: Historical and Contemporary Evidence," 
Randal Kroszner, University of Chicago
Thursday, September 20, 2001
4:00 p.m. to 6:00 p.m.
Room C325, Cheit Hall
For more information, contact Anita Stephens at stephens@haas.berkeley.edu

REAL ESTATE SEMINAR
"Non-Recouse Loans and the Value of Income Producing Real Estate," by 
Stephen Cauley, USC
Friday, September 21, 2001
11:00 a.m.
Room C250, Cheit Hall
For more information, contact Lynn Lobner at lyoung@haas.berkeley.edu

ACCOUNTING SEMINAR
Hemang Desai, Southern Methodist University
Friday, September 21, 2001
4:00 p.m.
C325 Cheit Hall
For more information, contact Lorraine Seiji at seiji@ haas.berkeley.edu

ALUMNI EVENTS
East Bay Chapter Family Picnic
The East Bay Chapter of the Haas Alumni Network presents "Fun in the 
Montclair Sun,"
an informal afternoon get together in the park. All Haas alums welcome.
Saturday, September 15, 2001
3:00 p.m. to 5:00 p.m.
Montclair Park, Montclair Village (off Hwy 13 at Moraga or Park exits in 
Oakland).
Contact and Phone Leslie Fisher, 925-244-1233 or email at 
lkfconsulting@hotmail.com.
Soft drinks will be provided. Please bring your own food or snacks and a 
dessert to share.  RSVP: By September 1st to Leslie Fisher at 925-244-1233 
or lkfconsulting@hotmail.com Please provide your name, email address, and 
number of people attending.

San Francisco Chapter Bar of the Month
The San Francisco Chapter of the Haas Alumni Network presents the San 
Francisco Bar of the Month.  Join fellow alumni every third Thursday of the 
month at 7:00 p.m.
Thursday, September 20, 2001
7:00 p.m. to 10:00 p.m.
Trad'r Sam Cocktail Lounge, 6150 Geary in the Richmond District
For more information, contact Henry Hwong, at 415-625-1270 or via email 
hhwong@alumni.haas.org.
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HAAS CELEBRATIONS
Birthdays
Evelyn Graham, September 10
Dan Sullivan, September 13
Andy Shogun, September 17
David Downes, September 22

The Haas NewsWire respects the wishes of staff and faculty who would not 
like their birthdays announced. Please e-mail a request to have your 
birthday marked "do not announce" on the central birthday list to 
Haasnews@haas.berkeley.edu.
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