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SAN FRANCISCO, March 29 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that Richard Shannon has joined the firm as a senior research analyst covering semiconductors, specifically communications and memory-oriented companies. The addition of these subsectors represents an expansion of Piper Jaffray's semiconductor research, which is currently covered by Piper Jaffray enterprise computing and storage and semiconductors analyst Ashok Kumar and analog/mixed signal semiconductors analyst Tore Svanberg. The broader Piper Jaffray technology research platform currently encompasses:

     -- Analog/Mixed Signal Semiconductors
     -- Data Networking and Wireline Telecom
     -- Defense Electronics and Homeland Security
     -- Enterprise Computing and Storage, Semiconductors
     -- Internet Media and Marketing
     -- Learning Services
     -- Semiconductor Capital Equipment
     -- Software Applications
     -- Software Infrastructure
     -- Software Security and Design
     -- Technology and Business Services
     -- Wireless Communications Equipment

"We are thrilled Richard will be leading this expansion of our technology research platform," said Mike Ott, head of Equity Research at Piper Jaffray. "We have been looking to expand our research coverage of the semiconductor industry and feel Richard is the ideal candidate for the position."

Shannon, who is based in the firm's San Francisco office, joins the firm from UBS where he was an equity research analyst covering semiconductors. Prior to UBS, he was an analyst at Epoch Partners in San Francisco and at John G. Kinnard & Co. in Minneapolis.

Shannon has a master's of business administration degree from the Carlson School of Management at the University of Minnesota in Minneapolis, and a bachelor of science degree in computer and electrical engineering from Purdue University in West Lafayette, Ind. He holds the Chartered Financial Analyst designation.

Headquartered in Minneapolis, Piper Jaffray & Co., a subsidiary of Piper Jaffray Companies (NYSE: PJC), is a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments -- Capital Markets and Private Client Services. Investment Research, an independent group reporting to the CEO, supports clients of both segments. The firm serves corporations, government and non-profit entities, and institutional investors on a national basis and serves the financial advisory needs of private individuals predominantly across the western half of the United States. The firm has over 2900 employees in 111 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at www.piperjaffray.com .

Since 1895. Member SIPC and NYSE.

SOURCE  Piper Jaffray & Co.
03/29/2004
CONTACT:  Dana H. Wade, Public Affairs and Media Relations of Piper
Jaffray & Co., +1-415-277-1556