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MINNEAPOLIS, June 10 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that Troy Jensen has joined the firm as a principle and senior research analyst covering the data and communications networking universe. He will be based in the Piper Jaffray Minneapolis office.

"We are excited to have Troy join our equity research team," said Mike Ott, head of Equity Research at Piper Jaffray. "Troy brings an extensive amount of relevant research experience in the communications and data networking arena. He is a terrific addition to our technology team and will be a great asset to Piper Jaffray."

Prior to joining Piper Jaffray, Jensen was a senior analyst at Think Equity in next generation communications. Before that, he was a senior research analyst at RBC Capital Markets in Minneapolis. Jensen is a veteran of Operation Desert Storm, where he served in the Navy as a communications electrician. He is a CFA charter holder and received his bachelor's degree in business, with a minor in mathematics, from the University of Minnesota.

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 has served corporations, government and nonprofit entities, institutional investors and the financial advisory needs of private individuals since 1895. With headquarters 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 .

Since 1895. Member SIPC and NYSE.

SOURCE  Piper Jaffray & Co.
    -0-                             06/10/2005
    /CONTACT:  Kim Lochner, Media Relations of Piper Jaffray & Co.,
    /Web site: /

CO:  Piper Jaffray & Co.
ST:  Minnesota

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