Haas NewsWire

Haas NewsWire, March 5, 2001

***E*Trade's CEO Cristos Cotsakos speaks on "What's Next for the Dot-Coms" on Friday, March 9 in Arthur Andersen Auditorium at 4:00 p.m. The event is open to the entire UC Berkeley community. ***


First Business Plan Competition Winner Sells for $138 Million
Haas in Asia: Dean Tyson Leads a Delegation on a Five-City Tour
Symposium to Examine Digital TV and Internet-TV Convergence
The UC Berkeley Business Plan Competition Hosts John Doerr on March 21
Japanese Telecom Pioneer Teaches a Special MBA Course at the Haas School
Cutting Costs on the Web: Cisco Vice President to Speak on Wednesday at 4:00 p.m.
Alumni and Students to Connect at the Spring Social on March 10
Haas in the News
Happening at Haas

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The UC Berkeley Business Plan competition achieved a new level of success when startup firm Timbre Technologies, which won the top award just two years ago in the first business plan competition at the Haas School, was sold last month for $138 million to Tokyo Electron Limited, a Japanese firm that produces equipment for semiconductor manufacturers.

Now in its third year, the UC Berkeley Business Plan Competition, founded and organized by Haas School MBA students, has already secured its place among the top university competitions in the nation in terms of number of entries, the prize money ($50,000 first prize), and the amount of venture funding secured by the teams in the competition (over $95 million over two years).

"The ultimate proof of any business plan competition is the ability to produce real, highly valued businesses and this is as real as it gets," said Jay Stowsky, associate dean for school affairs and initiatives. "The entire Haas School community especially the students who made it happen should be very proud of having built a system that successfully brings together talent individuals form across campus, who then take ideas and turn them into new, high growth enterprises."

Timbre Technologies was founded by Nick Sturiale, MBA 00, who served as founding CEO, and two UC Berkeley engineering Ph.D.s., Nickhil Jakatdar, Ph.D. 2000, and Xinhui Niu, Ph.D. 1999. "This company was a joint venture between the College of Engineering and the Haas School of Business. The technology came from engineering and the business sense came from Haas," said John Freeman, the Helzel Professor of Entrepreneurship and Innovation and the faculty director of the Lester Center for Entrepreneurship and Innovation.

Timbre invented "Optical Digital Profiling," a set of software algorithms that provide real time measurements and wafer mapping for semiconductor manufacturing.

After winning the competition, Timbre Technologies spent a short period of time in the Haas School business incubator before being funded by and incubated at Sevin Rosen, a leading Silicon Valley venture capital firm, and the lead sponsor of the competition for the first two years. Sturiale is now an associate at Sevin Rosen.

To date, teams from the previous two competitions have secured over $95 million in venture funding. Successful past competition participants include: SkyFlow, last year's winner, which provides hosted ASP (application service provider) services to portals with $3.5 million in funding; AudioBasket, which creates customized audio news and information, with $29 million in funding; ZipRealty, the first nationwide full-service online real estate agency, with $28.1 million in funding; Alloptic, creator of high-speed fiber optic solutions, with $19.7 million in funding; GetRelevant, a pay-per-performance advertising network, with $7.9 million in funding. This year's business plan competition is off to a great start with 30 teams competing for the eight finalist slots. The competition finals will take place on April 25 at Haas. For more information, visit http://bplan.berkeley.edu/.

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Dean Laura Tyson is heading a Haas delegation on a five-city, two-week tour to raise the profile of the Haas School throughout Asia.

"The purpose of the trip is twofold," said Tyson. "First, to assess interest among potential students and businesses in the development of an Asian Executive MBA program by the Haas School; and second, to raise contributions from the alumni and business community to help defray the initial costs of such a program and for building the school's executive education activities in the region."

Accompanying Tyson on this trip are Ta-lin Hsu, chairman of Hambrecht & Quist - Asia Pacific and a member of the Haas School Advisory Board; Thomas Broderick, MBA 74, partner at Arthur Andersen and chair of the Haas Alumni Network; Julia Hsiao, international development director for university relations; and Paul Stames, assistant dean for executive development. Tyson and the members of the delegation will be attending high-level meetings with government dignitaries, university officials, and UC Berkeley alumni in Tokyo, Singapore, Hong Kong, Shanghai, and Beijing.

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The future of television in the Internet age will be discussed at a mini-symposium at the Haas School on Wednesday, March 14 from 4:00 p.m. to 7:00 p.m. Entitled "Technology and Law: Digital TV and Internet-TV Convergence," the program will be moderated by Boalt Hall School of Law Professor Peter Menell. The event takes place in the Arthur Andersen Auditorium and is open to the entire Haas community.

The mini-symposium will address the complex legal, technological, and business issues surrounding the emergence of interactive television and the convergence of TV- and Internet-based video broadcasting. Panelists include Mathew Zinn, general counsel, TiVo; Douglas Evans, Dotcast; and Douglas Katz, vice president of New Media, CBS/Viacom.

This is the first of two events jointly sponsored by the Berkeley Center for Law & Technology at Boalt Hall and the Management of Technology Program. "Technology and Law: The Future of Digital Music," the second Boalt-MOT event this semester, will be held April 11, from 4:00 p.m. to 7:00 p.m. in the Arthur Anderson Auditorium. Both events will be followed by receptions in the Bank of America Forum.

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John Doerr, One of the world's best-known Silicon Valley venture capitalists, will speak to the Haas School community on Wednesday, March 21, at 3:00 p.m. in the Arthur Andersen Auditorium. The event is part of the UC Berkeley Business Plan Competition Distinguished Speaker Series hosted by the Lester Center at the Haas School. The event is open to the entire UC Berkeley community on a first-come, first-served basis.

Doerr, who is known for his high-powered, stimulating presentation, has been a partner at Kleiner Perkins Caufield & Byers, on Sand Hill Road in Menlo Park, since 1980. Prior to that he was an engineer and marketing manager at Intel for five years. Business Week described John Doerr as the "one-man Internet hit parade" last year, since he provided initial funding and early nurturing to Internet startup wonders Netscape, Amazon.com, Healtheon, drugstore.com, @Home, and Excite. Doerr spoke to a standing room only crowd at Haas last spring as part of the Fisher Center's E-Commerce Executive Seminar Series.

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One of the pioneers of the Japanese telecom industry is teaching a mini-course this semester at the Haas School that focuses on the future of information technology and entrepreneurship in Asia. Dr. Sachio Semmoto, founder, chairman, and CEO of eAccess Ltd is teaching "Asian IT and Entrepreneurship" (BA 296.8). The course is being taught on two Saturdays in late February and mid-March. The course examines the present economic conditions in Asia, as well as opportunities for entrepreneurship and investment across the region.

The two weekends of the class are structured around guest speakers. At the first class session on February 24, the class focused on the environment for start-ups in Japan, venture capital in Asia, exporting technology to Asia, and new management strategies. The final meeting for the class on March 17 on will cover bridging the gap between the US and Asia with entrepreneurship, building foreign operations in Asia, and growth prospects in Asia for the 21st Century. Speakers are coming from AZAM Corporation, Network Appliance, and Silicon Wave.

eAcess is Japan's leading broadband access and telecom provider. Semmoto also co-founded DDI, Japan's second largest telecom provider. He has taught at Harvard, Stanford, and Babson College, and was previously a professor at Keio University. He holds both a masters and a Ph.D. in engineering from the University of Florida.

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Cisco System is well known for using the web for much of its business, from accounting to product testing. Rick Timmins, vice president, of worldwide sales finance for Cisco Systems, will explain how he has used the web to cut costs and improve efficiency at Cisco on Wednesday, March 7, from 4:10 p.m. to 5:15 p.m. in Arthur Andersen Auditorium. This event is free and open to the public.

Timmins is responsible for providing the financial service and support including pricing, discounting, and other financial requirements for a sales and service organization of 14,000 people. He is also responsible for managing all financial activities and reporting for Cisco Finance organizations outside of the United States. One of his major achievements was transforming the quality and process of publishing Cisco financial results. Using Internet/Intranet technology, he helped to reduce the monthly closing from 14 days to one day, creating unprecedented value for Cisco stockholders, and setting a benchmark for the financial community worldwide.

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Haas alumni and undergrads are gearing up for the spring social, a chance to mingle and make connections on Saturday, March 10 at Kip's Restaurant -- 2439 Durant Avenue (near Telegraph). The event runs from 3:00 p.m. to 5:00 p.m., prior to the Cal vs. Arizona Basketball Game.

While the social gives the students a chance to learn first-hand about careers in international banking, audit/accounting, and consulting, it also gives alumni an opportunity to mingle with potential employees in a casual setting. Attendees are advised to bring their business cards to trade.

The Haas Alumni Relations office has reserved a block of basketball seats for Haas alumni. The cost for the basketball tickets is $22 each. Pre-registration is required for the social. The deadline to register is March 8. To register go to: http://www.acteva.com/booking.cfm?binid=1&bevaID=12719 For more information contact the Alumni Relations Office at alumni@haas.berkeley.edu or at 510-642-7790.

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A new study by Haas Accounting Professors Brett Trueman, M.H. Franco Wong, and Xiao-Jun Zhang was mentioned in the Contra Costa Times and on CBS Marketwatch on February 27. The study found predictable patterns in stock prices before and after earnings statements are released. Read the Contra Costa Times article at http://www.contracostatimes.com/biztech/stories_business/onetstocks_20010227.htm.

Janet Yellen, the Eugene E. and Catherine M. Trefethen Professor of Business Administration, was quoted in the Wall Street Journal on March 1 in an article titled, "Bush's First Budget: Bush Sees Economic Growth as Strong in Years Beyond 2001."

Pete Sealey, adjunct professor in the Haas Marketing Group, was featured in Business 2.0 on March 1 in an article titled, "Being Like Peter."

Severin Borenstein, the E.T. Grether Professor in Public Policy and Business Administration and the director of the University of California Energy Institute, was quoted in the San Francisco Chronicle on February 28 on the energy crisis. Borenstein pointed out that the real crisis will be this summer. Read the full text at http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/02/28/MN195654.DTL

Borenstein was also quoted in The Hotline on February 28 on the on the California energy crisis.

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