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MINNEAPOLIS, March 31 /PRNewswire-FirstCall/ -- Piper Jaffray Companies (NYSE: PJC) announced today that it will release its 2004 first quarter financial results on Wednesday, April 21, 2004. The company will also hold a conference call to review the financial results at 11 a.m. Eastern Time (10 a.m. Central Time; time subject to change). Andrew S. Duff, Chairman and CEO, and Sandra G. Sponem, Chief Financial Officer, will host the call.

To view a copy of the earnings release on or after April 21, please visit . To access the call, please dial (800) 374-0255, or (706) 643-7489 international, and refer to conference ID 6518209 and the leader's name, Jennifer Olson-Goude. Callers should dial in at least 15 minutes early to receive instructions. A replay of the conference call will be available through midnight Friday, May 14, 2004 by calling (800) 642-1687 or (706) 645-9291 international.

Headquartered in Minneapolis, Piper Jaffray Companies 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 more than 2,900 employees in 111 offices in 23 states across the country and in London, England. For more information about Piper Jaffray, visit us online at .

SOURCE  Piper Jaffray Companies
CONTACT:  Jennifer A. Olson-Goude, Investor Relations, +1-612-303-6277,
or Dana H. Wade, Public Affairs and Media Relations, +1-415-277-1557, both for
Piper Jaffray Companies
Web site: