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CIBC World Markets

Annual Communications & Technology Conference

May 10-11, 2005

The communications and electronics industries continue to experience dramatic change. Looking at recent trends, the outlook is certainly encouraging. Increased global adoption of a broadening base of interconnected digital media and communications applications against a backdrop of relative macro-economic stability should lead to improved supply/demand equilibrium in several markets. These forces are providing a gathering tailwind which should continue through 2005; albeit in difficult to predict organic ways.

Selectivity may be the key to investing . . .
Technologies and industries are converging, with rapid change and unforeseen consequences the likely result. Going forward, investing in technology will require a greater degree of selectivity of both fundamentals and valuation.

The 2005 CIBC World Markets Communications & Technology Conference offers institutional investors broad insight from 140 public and private companies. Presenting companies will span the entire food chain from communications services and components, hardware and data infrastructure, to semiconductors, electronics capital equipment, flat panel display and manufacturing services.

This conference is by invitation only.
For more information, please contact your Institutional Sales Representative.

Webcast
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