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PALO ALTO, Calif., Nov. 5 /PRNewswire-FirstCall/ -- Piper Jaffray announced it has hired Gus Richard to join its investment research team to enhance the firm's coverage of the semiconductor and emerging technology industries. He will be based in the firm's Palo Alto office.

Richard has 10 years of experience working in the semiconductor industry and 12 years of experience on Wall Street. Most recently, he was a managing director at Broadpoint Capital (formerly First Albany Capital) where he expanded the firm's technology coverage into semiconductors and semiconductor manufacturing technology. In addition, Richard covered enabling technology such as intellectual property, flat panel displays and robotics. Prior to First Albany, Richard was a portfolio manager and technology analyst for EGM Capital and a senior analyst for Hambrecht & Quist in San Francisco. In 1998, he was selected as an "All-Star Analyst" by the Wall Street Journal.

"Gus has a proven track record of identifying market trends and forecasting technology shifts," says Joel Denney, head of investment research at Piper Jaffray. "With his in-depth understanding of technology companies and unique combination of business, finance, marketing and technology skills, he will be a key member of the Piper Jaffray technology research team."

Richard holds a bachelor's degree in physics from the Rochester Institute of Technology and earned a master's degree in physics from Purdue University.

About Piper Jaffray

Piper Jaffray Companies is a leading, international middle-market investment bank and institutional securities firm, serving the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed-income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London, Hong Kong, Shanghai and Beijing. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC) (

Since 1895. Member SIPC and FINRA.

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