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MINNEAPOLIS, May 7 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that T. Michael (Mike) Walkley has joined the firm as a senior research analyst covering wireless communications equipment companies. He will be based out of the firm's Minneapolis headquarters office.

"Mike's enthusiasm, diligence and product quality are consistent with the levels of excellence found here at Piper Jaffray," said Mike Ott, head of Equity Research at Piper Jaffray. "He will be a terrific addition to the firm."

Walkley joins Piper Jaffray from RBC Capital Markets where he was a top ranked senior analyst for four years. He is a certified public accountant (CPA) and spent four years at Arthur Andersen in Atlanta, Ga., as a senior accountant before beginning his Wall Street career at Raymond James in St. Petersburg, Fla., where he served as an associate analyst covering telecommunications equipment.

Walkley graduated with distinction from the University of Virginia in Charlottesville, Va., with a bachelor's degree in commerce and a concentration in accounting. In addition, he graduated with honors from the University of Chicago, receiving his master's degree in business administration.

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 approximately 3,000 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.
05/07/2004
CONTACT:  Dana H. Wade, Public Affairs and Media Relations of Piper
Jaffray & Co., 415-277-1556
Web site:  http://www.piperjaffray.com