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MINNEAPOLIS, March 30 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce the promotion of Michael Cox to vice president and senior research analyst, covering hardlines retail companies. Cox is located in the Minneapolis headquarter office.

"We are pleased to promote Mike to the position of senior research analyst," said Mike Ott, head of Equity Research at Piper Jaffray. "He has performed exceptionally well since joining Piper Jaffray in February 2003 with his strong analytical skills, attention to detail and extensive knowledge of the hardlines retail sector and we see Mike has a definite asset to our consumer research team."

Cox was previously a research analyst at Piper Jaffray in hardlines retail for the past year. Prior to joining Piper Jaffray, he worked in research at RBC Capital Markets in Minneapolis and at Edward D. Jones & Co., in St. Louis, Mo. Cox earned his bachelor of science degree in finance from Iowa State University in Ames, Iowa and his master's of business administration degree from the Carlson School of Management at the University of Minnesota.

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 over 2900 employees in 111 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at .

Since 1895. Member SIPC and NYSE.

SOURCE  Piper Jaffray & Co.
CONTACT:  Susan Beatty, Public Affairs and Media Relations of Piper
Jaffray, +1-612-303-5680
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