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NEW YORK, May 11 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that Raj Denhoy has joined the firm as a vice president and senior research analyst in healthcare covering orthopedic, dental and diversified medical technology companies. Denhoy will be based in the firm's New York office.

"We are pleased to have Raj join our healthcare team at Piper Jaffray," said Mike Ott, head of Equity Research at Piper Jaffray. "Raj has deep experience covering medical technology companies and we look forward to his contributions to our medical technology research platform."

Denhoy joins Piper Jaffray most recently from J.P. Morgan Securities in New York, where he was an associate research analyst covering orthopedic companies and part of the #1 Institutional Investor-ranked medical technology team. Prior to J.P. Morgan, Denhoy spent four years as a research associate covering medical technology at Banc of America Securities in San Francisco. He earned his bachelor of arts degree in biology from the University of California in Berkeley, Calif. In addition, Denhoy has a master of science degree in human physiology from Georgetown University in Washington D.C. and a masters of business administration degree from the Johnson Graduate School of Management at Cornell University in Ithaca, N.Y.

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 .

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SOURCE  Piper Jaffray & Co.
05/11/2004
CONTACT:  Susan Beatty, Public Affairs and Media Relations of Piper
Jaffray, +1-612-303-5680
Web site:  http://www.piperjaffray.com