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NEW YORK – Sept. 5, 2006 – Piper Jaffray & Co. is hosting two technology investor conferences this week in New York. The Piper Jaffray Digital Media Technology Symposium will take place on Wednesday, and the Piper Jaffray Software & Business Services Conference will be held on Thursday.

The Digital Media Technology Symposium will feature 10 management presentations from leading digital media technology companies and one-on-one meetings. This unique symposium will cover various initiatives within the digital content creation, enhancement and distribution markets.

The Software & Business Services Conference will feature a full day of management presentations and breakout sessions from leading companies in the software and business industries including business information, facilities, human resources, industrial, learning marketing and professional services. This conference will also feature two panels discussing higher education marketing and stock option inquiries.

Company and investor participation in the Piper Jaffray Digital Media Technology Symposium and the Piper Jaffray Software & Business Services Conference is by invitation only. Clients interested in attending should contact their Piper Jaffray representative.

Piper Jaffray Companies (NYSE: PJC) is a leading middle-market investment bank and institutional securities firm, serving the needs of clients since 1895. Piper Jaffray & Co., the firm's principal operating subsidiary, provides a comprehensive set of products and services, including equity and public finance underwriting; mergers and acquisitions; equity and debt capital markets; high-yield and structured products; institutional equity, tax-exempt and taxable sales and trading; and equity and high-yield research. The firm's equity business is focused on seven sectors of the economy: alternative energy, business services, consumer, financial institutions, health care, industrial growth and technology. The firm's public finance business is principally focused on five sectors of the tax-exempt market: state and local governments, real estate and housing, health care, education and hospitality. With headquarters in Minneapolis, Piper Jaffray has approximately 1,000 employees in 19 states across the United States and in London. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com.

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© 2006 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020

C O N T A C T
Susan Beatty
Media Relations
Piper Jaffray
Tel: 612 303-5680