Needham & Company's trading desk is committed to serving the leading U.S. and European growth investors.

Needham's institutional trading features a market making commitment to NASDAQ stocks.  We have a significant commitment of over $10 million in capital devoted to this activity.

Our eight position traders and eleven sales traders are able to focus intensively on the companies we follow, and have subsequently developed strong relationships with the major buyers and sellers of emerging growth stocks.  As a result, Needham & Company is often the leading market maker in the aftermarket trading of our investment banking clients' equity securities.

Needham & Company makes markets in approximately 210 stocks, the vast majority of which are a part of our research universe. Needham & Company's trading professionals are in daily contact with both potential buyers and sellers of the growth stocks in which we make a market.  The efficient execution of trades in listed stocks is also an increasing focus of our trading business.

The single most important aspect of this in-depth market knowledge is Needham & Company's trading prominence in our focus stocks.  We know that it is critical to maintain visibility in these stocks, especially when there is a change in a company's business fundamentals.

For more information, please contact:

        Vincent J. Kenney
        Managing Director, Head of Trading
        (212) 371-8411