Exhibit 4 Mean and Cumulative Abnormal Returns Around Publication of Lehman Brothers 10 Uncommon Values, 1963-2002a Abnormal return 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% -250 233 -216 -2.00% 182 $91- Mam Day relative to publication date of 10 Uncommon Values -Abnormal Returns Cumulative Abnormal Returns Exhibit 5 Beginning and Ending Per-Share Values of 10 Uncommon Values Stocks, 2000-2002 2000 6/27/00 6/27/01 Agilent Technologies Inc. $75.4375 $29.8500 BEA Systems Inc. 38.9375 30.9600 Cedant Corp. 12.8750 19.7500 Gemstar-TV Guide International Inc.a.b 49.8750 38.0000 Hewlett-Packard Co. 116.6250 26.4500 Juniper Networks Inc. 126.4375 30.2200 Lilly (Eli) & Company 84.7500 74.0200 Micron Technology Inc. Nortel Networks Corp. Tellabs Inc. 90.0000 39.7400 68.0625 8.4200 62.6875 16.6300 2001 6/27/01 6/26/02 Alcoa Inc. $38.46 $31.35 Bed Bath & Beyond Inc. 29.05 36.92 Cisco Systems, Inc. 17.93 13.43 Comcast Corporation 42.50 22.72 Concord EFC, Inc." Harley-Davidson, Inc. 54.04 30.10 48.03 50.00 Liberty Media Corporation 16.00 8.50 Mirant Corporation 33.90 7.05 Washington Mutual Inc. 36.81 37.65 Waste Management, Inc. 29.70 27.12 2002 6/26/02 6/24/03 American International Group $66.24 $56.89 Apollo Group Inc. 38.62 63.19 Bed Bath & Beyond Inc. 36.92 39.50 Capital One Financial Corporation 56.80 49.50 HealthSouth Corporation 12.35 0.42 KLA-Tencor Corporation 43.61 45.91 McKesson Corporation 33.30 35.35 Pfizer Inc. 35.00 35.40 Wendy's International Inc. 39.57 29.68 Weyerhaeuser Company 63.61 53.11 Source: "10 Uncommon Values in Common Stocks," Lehman Brothers, June 2003. Exhibit 7 10 Uncommon Values Investment Committee Characteristics and Stock-Selection Performance, 1977-2002 Financial Average Minutes Year Incentive Committee Size per Analyst Firm Commitment Abnormal Return (over-the-market return)b 1977 No 3 30 High 10.97% 1978 No 3 30 High 0.45% 1979 No 3 30 High 12.93% 1980 No 3 30 High -25.34% 1981 No 4 30 High 15.84% 1982 No 4 30 High 45.92% 1983 No 4 20 Low -0.17% 1984 No 4 20 Low 9.81% 1985 No 4 20 Low 3.26% 1986 No 5 20 Low -15.03% 1987 No 6 10 High -2.38% 1988 Yes 6 10 High 8.54% 1989 Yes 6 10 High -4.60% 1990 Yes 7 10 High 1.42% 1991 Yes 7 10 High -8.17% 1992 Yes 5 10 High 17.21% 1993 Yes 6 10 High 16.05% 1994 No 6 20 Low -9.31% 1995 No 6 20 Low 4.96% 1996 No 6 20 High 15.96% 1997 No 6 20 High 20.14% 1998 No 6 20 High 38.73% 1999 No 7 20 High 5.58% 2000 No 8 15 High -1.09% 2001 No 8 15 High -4.54% 2002 No 9 15 High -17.53% Source: Company records and casewriter calculations. 1000 Exhibit 8 Number of Lehman Brothers U.S. Equity Analysts and U.S. Companies Covered, 1984-2002 120 1200 100 Analysts 80 0 60 60 00 40 20 0 800 600 Number of U.S. Equity Analysts Number of U.S. Companies Covered Source: Thomson Research, a Thomson Financial product. Companies 400 200