Technology

Analyst

Bobby Burleson joined Canaccord's San Francisco office as a Managing Director in the US Equity Research department. Mr. Burleson covers growing opportunities in small and mid-cap semiconductor devices and related technologies, an area which he has focused on for many years. Prior, he worked at ThinkEquity Partners. Earlier in his career, he was in the Semiconductor Research group at Thomas Weisel Partners and also worked as an investment banking analyst with Banc of America Securities. His experience enables him to tap into and leverage an extensive network of contacts in North America, Europe and Asia in carrying out the research in this diverse field. Mr. Burleson holds a BA from the University of California at Berkeley. Email: bburleson@canaccordgenuity.com; Phone: 1.415.229.7163

Managing Director

Richard Davis joins Canaccord Genuity as a managing director covering enterprise software. He spent the previous 10 years as a senior analyst at Needham & Company. Previously, Davis was at Tucker Anthony, where he was a managing director and launched the firm's Internet and enterprise software coverage. Prior experience also includes Rauscher Pierce, where he served as director of research and was instrumental in developing the firm's telecom research effort. Davis holds an AB from Davidson College, an MBA from Vanderbilt and is a Chartered Financial Analyst. Email: rdavis@canaccordgenuity.com; Phone: 1.617.371.3862

Managing Director

Mike Graham is a Managing Director and Senior Equity Analyst at Canaccord covering the Internet sector. Mike has over 15 years of technology, media, and telecom investment experience. He was a sell-side Internet analyst at Robertson Stephens in the “Internet 1.0” boom of the late 1990s, where he helped build that firm’s Internet franchise on a global scale. Mike has also spent over five years on the buy-side as a telecom and technology analyst at Columbia Management. He joined Canaccord’s Equity Research team in 2011. Mike is a graduate of the U.S. Military Academy at West Point and earned an MBA in Finance at the University of North Carolina. Email: mgraham@canaccordgenuity.com; Phone: 1.212.849.3924

Analyst

Jonathan joined Collins Stewart in August 2010 from Altium Securities where he covered the technology sector for 6 years, latterly as Head of Research. Prior to Altium, he worked in the large cap technology team at Dresdner Kleinwort covering pan European IT services. Jonathan was Techmark analyst of the year in 2007 and has been number 1 or 2 in his sector in the FT Starmine survey for the past four years. Jonathan has an MBA from INSEAD and a degree in French and Philosophy from St Andrews University Email: jimlah@canaccordgenuity.com; Phone: 44.20.7523.8418

Analyst

Bob Liao joined Canaccord in 2007, as a software research analyst based in London. Prior, Bob spent seven years in research with Dresdner Kleinwort and JP Morgan (previously Robert Fleming), focusing on global and pan-European large cap and UK small and midcap technology companies. He also gained experience in several roles with Export Development Corporation (EDC), including Venture Capital, Aircraft Finance and Telecom Equipment Finance Manager, and as a market analyst with Nortel Networks. Bob earned a BA from the University of Western Ontario and an MBA from the Schulich School of Business at York University. He also holds his CFA designation. Email: bliao@canaccordgenuity.com; Phone: 44.20.7050.6654

Managing Director

Mike Walkley is a Managing Director and Senior Equity Analyst at Canaccord specializing in communications technology. Mike has over 11 years of experience as a research analyst, and previously worked at Piper Jaffray, where he was the senior wireless technologies analyst for the past 6 years. Mike has also worked in equity research at RBC Capital Markets and Raymond James Financial. Mike was ranked No. 3 stock picker for communications equipment for 2004 by Starmine and No. 5 stock picker for telecommunications equipment for 2004 by the Wall Street Journal. He holds a bachelor's degree in commerce from the University of Virginia and a master's degree in business administration with a concentration in finance and economics from the University of Chicago. Email: mwalkley@canaccordgenuity.com; Phone: 1.612.332.8069

Analyst

Robert Young joined Canaccord Genuity as part of the integration of Genuity Capital Markets in 2010. Previously, Robert worked as a technology strategy consultant with IBM and as a systems engineer for Nortel Networks. Robert holds an MBA from the Richard Ivey School of Business at the University of Western Ontario as well as a Bachelor of Engineering from McMaster University. Email: ryoung@canaccordgenuity.com; Phone: 1.416.869.7341