Prior Events at the San Diego Chapter

Date: May 21, 2002
Location: Elan Pharmaceuticals

Schedule:
6:00-7:00 PM: Networking, Food and Beverages
7:00-8:00 PM: Speaker Presentation and Discussion

Speakers:
Michael G. Willoughby, PhD, CFA - Associate Managing Director, Kroll Inc., Worldwide Consulting Group, Los Angeles

Download Dr. Willoughby's presentation, "The Valuation of Technology and Other Intagible Assets"

Stephen P. Bick, CFA, CMA - Associate Managing Director, Kroll, Inc. Worldwide Consulting Group, San Diego

Topic: The presentation topic will cover asset valuation including valuation of IP assets.

Synopsis: The presenters provided a basic primer on what can be a complex subject: asset valuation including evaluation of IP assets, and provide case studies in both the software and biotechnology industries. They addressed a variety of aspects of valuation, including the rationale for, and pros and cons of, allocating value to goodwill versus other amortizable assets, and the resulting impact on the acquiring entities' financial statements.

Speaker Bios:
Michael Willoughby has performed business valuation and litigation-related economic analysis to clients in wide range of industries for more than 14 years. His primary casework involves the appraisal of intellectual property assets for proposed transactions. Michael attended Columbia Business School and earned his Masters degree and Doctorate in finance from Columbia University. He is a Chartered Financial Analyst and former President of the Financial Analysts' Society of San Diego. He holds two adjunct faculty appointments at UCSD - Department of Economics (since 1994) and School of Medicine (since 2000). He has published work on valuation, accounting, and economic issues.

Stephen Bick focuses his practice on business valuation and financial consulting. He has negotiated deal price and terms for privately-held companies that have been acquired by public companies. In addition, Mr. Bick has consulted in some of the largest trade secret infringement cases filed in the United States. Stephen is a graduate of the University of Cape Town and majored in Economics and Business Finance. He is also a Chartered Financial Analyst and has completed all requirements for the ASA designation by the American Society of Appraisers.

Logistics

The seminar was held in the Elan Pharmaceuticals cafeteria, formerly the Dura Pharmaceuticals cafeteria.