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SAN FRANCISCO, April 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- Piper Jaffray & Co. is pleased to announce that Sean Wieland has joined the firm as a senior research analyst covering health care services. He will be based in the firm's San Francisco office.

"We are delighted to have Sean join our health care team," said Michael Ott, head of Equity Research at Piper Jaffray. "He is a top-ranked analyst whose analytical abilities and industry experience will be a great asset to our firm. His passion and experience will help him provide excellent health care services equity research."

Wieland has more than 13 years of experience in the health care information technology industry. Before joining Piper Jaffray, he worked as a senior analyst with W.R. Hambrecht in San Francisco. For seven years prior to that, he was a software analyst and sales executive with IDX Systems Corporation in San Francisco. He holds both a master's degree in business administration and a bachelor's degree in electrical engineering from the University of Vermont.

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. 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 104 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.

Cynthia Hanson of Piper Jaffray & Co., +1-612-303-6919

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