Smith Newslink MBA
In this issue:
News Briefs
Smith MBA Students Invited to Hear Jeremy Rifkin
Smith MBAs Travel to Europe and South America to Study
Global Economy
Top 10 Summer Reading List for Business Leaders
Smith MBA Featured on CNBC's Fast Money, Be Part of the Studio Audience for a Future Taping
BMBAA Debuts Monthly Economic Review for Africa
Disney Magic at the Smith School
Hidden Dangers of File Sharing
University Update: New Ranking System Puts UM Second in Computer Science; UM Scientists De-Code RNA Mystery, Will Help Aim Drug Therapies; UM Releases Global Terrorism Database
Smith School in the News
Smith Business Close-Up on MPT: "Best of" Segment
Faculty Up Front: Faculty Weigh in on Harry Potter Mania, John Haslem, Peter Morici
Bulletin Board: Keep in Touch, Smith Newslink - Alumni
News Briefs

Smith MBA Students Invited to Hear Jeremy Rifkin
Jeremy Rifkin, founder and president of Foundation on Economic Trends, is the author of 17 books on the impact of scientific and technological changes on the economy, the workforce, society, and the environment. He will be speaking about one of his most popular books, The Age of Access, at the Smith School to kick off the Smith MBA Speaker Series on Wednesday, August 1 at 7 p.m. in Van Munching Hall's Frank Auditorium. (Registration begins at 6:30 p.m.)
►Full Story/RSVP Now!
















Smith MBAs Travel to Europe and South America to Study
Global Economy

"Seeing Rotterdam, one of the most advanced ports in the world, was an incredible experience. The SeaGate, which protects the port and the city, and the world’s largest flower auctions were examples of Dutch technical creativity that are incomparable to anything I’ve ever seen," said Andrea Michels, Smith EMBA candidate 2008. Each year, more than a hundred Smith MBA and Executive MBA students travel around the world on short-term study abroad courses. After the spring semester ended this past May, two groups of students departed to study the global economy in different parts of the world. One group was off to Europe and the other to South America.
►Full Story


Top 10 Summer Reading List for Business Leaders
Hoping to squeeze in a book or two for leisure reading this summer and wondering what will best entertain and enlighten you? Check out the "4th Annual Top 10 Summer Reading List for Business Leaders," as provided by faculty and deans at the Smith School!  Jack Haslem calls the current NYT-bestseller The Black Swan by Nassim Nicholas Taleb a must read. An oldie but a goodie is Men at Arms (1952) by Evelyn Waugh. Gabe Biehal says, "An engaging and easy read, Waugh offers penetrating observations about politics, society, religion, and leadership during difficult times." Buy the books from our links to Amazon.com and support Smith School scholarships.
►Complete "Top 10" with Reviews and Links


Smith MBA  Featured on CNBC's Fast Money


Bill Song, second-year MBA student and portfolio manager of Smith’s $2-million Mayer Fund, proved his trading smarts on CNBC’s primetime show Fast Money last week. Song participated in the show’s “Grade the Trade” segment on June 15, getting 30 seconds to answer a stock question in a match-up with two other MBA students from the University of Richmond and Villanova. Song was asked what he’d buy and sell as surging food prices and the China economy reignited inflation fears and the 10-year Treasure Yield jumped to 6 percent. He earned an “A” from the show’s analysts.

CNBC is looking for MBA students who are in the New York Tri-State Area July 14-15 to be part of the studio audience of CNBC's Fast Money MBA Challenge. The studio is located at CNBC's global facility in Englewood Cliffs, New Jersey, minutes from the George Washington Bridge, Palisades Parkway, and the New Jersey Turnpike.

Saturday, July 14, 2007
Two Shows: First Show Arrival Time: 10 a.m.
Second Show Arrival Time: 2 p.m.

Sunday, July 15, 2007
Two Shows: First Show Arrival Time: 10 a.m.
Second Show Arrival Time: 2 p.m.

For free tickets e-mail mbachallenge@CNBC.COM. Limited availability, Maximum four tickets per household.


BMBAA Debuts Monthly Economic Review for Africa
The Smith School's Black MBA Association last month debuted a new resource - the Africa Economic Review. Okon Enyenihi, MBA candidate 2008 and the editor of AER, grew up in Africa, spent time in Europe and has lived in the U.S. for about four years. "In that span of time I have observed how often Africa is left out in various related discussions," says Enyenihi. "Most news on Africa often too easily bring to mind images of destitute beggars on the street, a community on the throes of an epidemic and hungry children starving on the sand. These scenes are of course real, but the grimmest picture of Africa is not the most accurate. It often draws attention away from the arduous achievements of a majority of African people that have triumphed over every imaginable obstacle with the hope for a better future that affords a decent living standard. It also discourages the continued support of the more privileged countries," adds Enyenihi.

"A truer image that depicts the painstaking effort and achievements of these honorable African strategist, often held to suffocation by their leader's corrupt practices, is what we intend to publicize to the Smith community," says Enyenihi.

The inspiration for AER came from discussions and presentations given during the spring semester's "Africa Forum," an annual signature event of the Black MBA Association. "It was obvious that a lot of people are still not familiar with Africa, do not even know that African countries have market index and stock exchanges," says Enyeihi. "We hope that our publication will keep people informed and generate discussions that will bring about solutions to the regulatory shortfall of African exchanges and the liquidity problems of the African capital markets."

►Download the first issue of the BMBAA's Africa Economic Review (PDF)
►The Smith Asia Business Review (SABR) published by the MBA Finance Association is also available online.


Disney Magic at the Smith School
Dean Howard Frank welcomes attendeesAny visitor to Van Munching Hall on Wednesday, June 6, was surely aware that there was a magical event taking place! With dozens of Mickey and Minnie Mouse balloons, mouse feet leading into Howard Frank Auditorium, and banners and signs with mouse ears, the event was planned with true Disney efficiency. The Smith School partnered with the Disney Institute to bring its "Disney Keys to Excellence" program to the Washington, D.C., area, giving business professionals from all over the mid-Atlantic region a chance to discover the business behind Disney magic. The program sessions introduced participants to innovative Disney business strategies on leadership, management, service, and loyalty that they can implement in their own organizations. Smith School Dean Howard Frank opened the conference.
►Full Story


The Hidden Dangers of File Sharing
If you’re worried about identity theft, then avoid downloading a file-sharing client onto your home computer. The risks of peer-to-peer file-sharing was one of the presentations at this year’s Fourth Annual Forum on Financial Information Systems & Cybersecurity: A Public Policy Perspective, held on May 23, 2007.
►Full Story


University Update

New Ranking System Puts UM Second in Computer Science
Based on a new department ranking system that considers how many articles a faculty has published, as well its level of participation in professional conferences, UM's CS department outranks most of the usual vaunted suspects, including Carnegie Mellon, Stanford, and the University of Illinois and comes in second behind MIT in rankings published by the Association for Computing Machinery.
►Full Story

UM Scientists De-Code RNA Mystery, Will Help Aim Drug Therapies
A team of University of Maryland scientists and area high school students have made a discovery that will help better direct drug therapies to their molecular targets.  As reported in the June 13 issue of the online journal PLoS ONE, the researchers, led by Jonathan Dinman, associate professor of cell biology and molecular genetics, have found the difference between two closely related components in the messenger RNA (mRNA) - near-cognate and non-cognate codons - terms that have long been used, but not understood.
►Full Story

UM Releases Global Terrorism Database
The world's largest unclassified database of terrorism attacks is now available online for general use by researchers, policy-makers, media and the general public -- an important tool that the researchers say may aid in the development of more effective responses to terrorism.  The Global Terrorism Database was developed by START, the National Consortium for the Study of Terrorism and Responses to Terrorism based at the University of Maryland, with funding from the U.S. Department of Homeland Security (DHS). Available online: http://www.start.umd.edu/data/gtd/

  More Latest News
 Leading the Digital Economy, April 2007
 Smith Business Magazine, Spring 2007
 Research@Smith, May 2007

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Smith School in the News
Wall Street Journal – June 15, 2007 – Business professor Peter Morici is quoted in a story about the housing market. Read more

CNBC “Fast Money” – June 15, 2007 – Mayer Fund portfolio manager and Smith MBA student Bill Song provided answers to a stock-trading scenario for the show’s “Grade the Trade” segment. Watch online

Wall Street Journal – June 14, 2007 – Decision and information technologies assistant professor Chris Dellarocas is quoted in a story about firms that clean up clients’ online reputations. Read more

Wall Street Journal – June 15, 2007 – Business professor Peter Morici is quoted in a story about stock performance following economic data reports. Read more

Reuters – June 13, 2007 – Business professor Peter Morici is quoted in a story about U.S. automakers and Congress. Read more

Associated Press – June 13, 2007 – Business professor Peter Morici is quoted in a story about private equity firm Blackstone’s IPO. Read more

“Marketplace” from American Public Media – June 12, 2007 – Business professor Peter Morici is interviewed about investors’ reaction to interest rates. Read more and listen online

The Independent (London) – June 11, 2007 – Business professor Peter Morici is quoted about the U.S. trade gap with China. Read more

 

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Smith Business Close-Up


Thursday, July 5, 7:30 p.m.
Friday, June 6, 6:00 a.m
.

 

Smith Business Close-Up can be seen bi-weekly on Maryland Public Television's Business Connection. Watch a "Best of Smith Business Close-Up" segment on Thursday, July 5 at 7:30 p.m. and Friday, July 6 at 6:00 a.m. on public television stations throughout Maryland and the Washington, D.C., metropolitan region, including:

    ■ WMPB-TV (Ch. 67), Baltimore
    ■ WMPT-TV (Ch. 22), D.C. metro/Annapolis
    ■ WCPB-TV (Ch. 28), Salisbury
    ■ WFPT-TV (Ch. 62), Frederick
    ■ WWPB-TV (Ch. 31), Hagerstown
    ■ WGPT-TV (Ch. 36), Oakland

Previous episodes of Smith Business Close-Up on Maryland Public Television's Business Connection can be seen online.

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Faculty Up Front

Smith School Faculty Weigh in on Harry Potter Mania
What are faculty members from the Smith School saying about the final “Harry Potter” book in J.K. Rowling’s hit series? How has branding of the series — through traditional and new media channels — played into its success and the success of the upcoming release of the latest movie?

“J.K. Rowling has created a sense of scarcity with the release of the final ‘Harry Potter’ book. This creates further suspense (will Harry die?), but also the sense that the Harry Potter world may be coming to an end. If the books were to continue indefinitely, I think some of the charm would wear off,” says Amna Kirmani, professor of marketing.

“There is no danger for the movie studio — the upcoming ‘Harry Potter’ film will do really well, even if it receives only mediocre reviews from the critics," says David Waguespack, assistant professor of management and organization. "If you look at the ‘event’ movies this summer, most are tied to something else — a book, television show, prequel — which suggests studios are really very risk-adverse and looking to repeat proven successes. These ‘event’ movies are also very expensive for the distributors, in terms of production costs, acquisition of rights, marketing, and salaries. So the real question is not whether ‘Harry Potter’ will perform well at the box office, but whether the distributor would do better allocating some of those resources to other lower profile projects.”

“The book publishing industry is becoming and more and more like the movie box office, dependant on a strong release, especially with blockbusters like ‘Harry Potter.’ The publishers make a big splash with promotions and offer the book everywhere at first, but then it quickly tapers off,” says P.K. Kannan, the Harvey Sanders Associate Professor of Marketing.


Haslem to Pen Regular Column in Journal of Indexes
HaslemJohn A. Haslem, professor emeritus of finance, is the author of a new, regular column in the Journal of Indexes entitled "The Professor’s Reading Room." The column provides a synopsis of recent research with implications for portfolio indexing. One of the first topics will be Smith School finance department Associate Professor Russ Wermers' very important bootstrapping analysis of mutual funds in the December 2006 issue of the Journal of Finance.

“This is an exciting opportunity to contribute to the major journal that brings vital topics to those global leaders engaged in product and market development related to index funds, exchange-traded funds, index derivatives, and sophisticated strategies using these investment vehicles,” said Haslem.


Morici's Economic Forecasts Recognized by MarketWatch
MoriciPeter Morici, professor of international business, finished among the top prognosticators in MarketWatch's May forecaster of the month contest. First prize went to CIBC Avery Shenfeld. Morici shared runner up status with four other economists in a field of 43. Each week Morici's forecasts are provided to Reuters, Bloomberg, MarketWatch, and reporters around the country. Get the forecasts right away using the Smith School Latest News RSS feed.
►Read this week's forecast

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Bulletin Board

Video of Teresa Iannaconi's spring graduation speech is online! Also, DVDs of the entire ceremony are available for purchase for $30.

Keep in Touch!
Be sure to keep up with Smith School happenings by signing up for the "Latest News" and "Podcast" RSS feeds, and updating your profile in the Smith eAlumni Network: www.alumninetwork.rhsmith.umd.edu.

Recent alumni should check out Smith Newslink, the monthly e-newsletter for Smith School alumni. Be sure to keep your e-mail current in the Smith eAlumni Network and you will start receiving it soon. www.rhsmith.umd.edu/alumni/newsletter

Have an item for the bulletin board?
Send e-mail to aleyl@rhsmith.umd.edu for consideration.
First-years, send your summer photos!

 

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Robert H. Smith School of Business

July 5, 2007

 

Calendar of Events

9/20 Alumni Golf Tournament
10/6 Alumni Mentor Program Kick-off Event
10/11-12 M&A Finance Case Competition
10/19-20 Homecoming Weekend
11/2-3 NAWMBA National Conference
11/9 CIO Forum
11/13 Baltimore Alumni Networking Event
12/19 UM Commencement
12/20 Smith Commencement
1/20 MBA Case Competition
►Smith Dynamic Calendar
UM Academic Calendar
 
 

 

 

Smith School History

1978

The College of Business & Management is the first at UM to gain a separate undergraduate admissions program, allowing the school to become more selective in its process.
 

Interactive Smith School Timeline

 

 



July 2, 2007

Van Munching Hall's North Wing
►Construction Update

 

 

Smith Newslink MBA is a production of the Office of Marketing Communications in cooperation with the Masters Programs Office.

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MBA Candidate 2008

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