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SAN FRANCISCO, Sept. 23 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that Cobb Sadler has joined the firm as a vice president and senior research analyst covering data networking and wireline equipment. Sadler is based out of the firm's San Francisco office.

Sadler joins Piper Jaffray from Banc of America Securities in New York, where he served as an associate analyst on the data networking and wireline equipment team. Prior to Banc of America Securities, he served as a special projects financial analyst at CIENA Corporation in Linthicum, Md. Sadler earned a bachelor's degree in commerce and business administration as well as a master's degree in business administration from the University of Alabama in Tuscaloosa. He also holds the Chartered Financial Analyst designation.

Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray Companies (NYSE: PJC), 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. Piper Jaffray & Co. has served corporations, government and non-profit entities, institutional investors and the financial advisory needs of private individuals since 1895. Headquartered in Minneapolis, Piper Jaffray has approximately 3,000 employees in 111 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com .

Since 1895. Member SIPC and NYSE.

SOURCE Piper Jaffray & Co.

CONTACT: Dana Wade, Media Relations of Piper Jaffray, 415-277-1556
Web site: http://www.piperjaffray.com