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Inc. Sanford C. Bernstein is widely recognized asWall Street'sa premier sell-side research firm. Our research is soughtr out by leading investment managers arounfthe world, and we are annually ranked at the very top of acknowledgedx arbiters. In independent surveys of majorinstitutional clients, Bernstein's researchg is ranked #1 for overall industry knowledge, most trusted, best detailed financial major company studies, most useful valuation frameworks, best originak research, and most willing to challenge management. In Institutional Investor'e 2008 annual client survey, the leadinhg survey by which analysts in our industrare evaluated, 100% of our U.S.
Analystsw were recognized as among the best in their respectiv efields -- more than any other firm on Wall Since Sanford C. Bernstein was founded in 1967, research has been our calling card. The Bernstein research brandf is defined by ourrenowned Blackbooks, reportw known for their unbiased, in-depth company and industry forecasts. We have a community of Research Analysts who are acknowledgeds thought leaders that typically have years of experiencre in the industriesthey cover. Our reputation is for the very highest caliber of disciplined investment and industry and we have no conflicts of interests related toinvestment banking.
We are a wholly-owned subsidiary of our buy-side parent,
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