Team

JRPG Team

Jamie Townsend— Managing Partner, Strategy

Jamie Townsend has been involved with technology research and investing for over 25 years.

The bulk of his career (1985-98) was spent at SoundView Technology Group, where he began in equity sales before becoming Sales Manager then President and CEO. In addition to his management responsibilities, Jamie was Portfolio Strategist and wrote a weekly report on the overall technology sector. Since leaving SoundView, has run a small technology based hedge fund and been Director of Research for both C.E. Unterberg and Advest Inc. During the last two years, he has run an independent research firm, Townhall Proprietary Research, focusing on the digital media sector. Jamie majored in Sociology at Boston University.

Phone: 516-624-2612

E-mail: jamie@jrpg.com

Gerard Hallaren, CFA -- Managing Partner, Director of Research

Gerard Hallaren, CFA utilized his 20+ years as a technology analyst and investor to establish JRPG in 2003.

Between 2001 and 2006 he delivered investment information from both Gartner and Meta Group. Prior to this Gerard was Managing Director for Equity Operations, Research and Corporate Finance for Stifel Nicolaus/Hanifen Imhoff. Gerard has managed a number of funds including the Strategic Technology Fund and other assets for Invesco Funds. He began his professional career in the IT assessment industry with both IDC and Yankee Group. Gerard is a member of the IEEE, holds a data storage patent and a B.A. in Economics from the University of Massachusetts, Amherst

Phone: 303-954-4207

E-mail: gerard@jrpg.com

Lisa R Thompson -- Principal, Research Analyst

Lisa R. Thompson is a technology analyst with almost 20 years of Wall Street and technology market research experience.

She has been a sell side technology analyst at a number of firms including Prudential Financial, Unterberg Harris, Punk, Ziegel and Knoell and EF Hutton. Coverage focused mainly on Internet, software and services and consumer technology. In between, she spent five years as a general technology analyst on the buy side at the Evergreen Funds. Most recently she was with Rock Crest Capital, a long/short technology hedge fund. Like Gerard, Lisa started her career at a technology market research firm, Quantum Science Corp., but was soon lured away by the ability to create wealth on Wall Street. Lisa has an MBA from the University of Massachusetts at Amherst and a BSChE from Tufts University.

Phone: 203-648-9409

E-mail: lrt@jrpg.com

JRPG Background

JRPG is an Independent Research Provider that bases much of its work on final demand as characterized by industry research firms. A key feature of our work is to seek price change information. Our core belief is that prices and terms for final goods change ahead of stock prices. We do this by working closely with leading consultants advising enterprises, carriers and equipment and handset manufacturers.

We take this grass-roots demand-side information and put it into investment context using EDGAR Online/I-Metrix database to drive JRPG's proprietary ROE/momentum securities analysis model.