PJC Piper Jaffray Companies

Piper Jaffray has hired Matt Miksic to broaden the investment research team�s coverage of the medical technology sector. As a senior research analyst, Miksic will provide coverage of ophthalmology, orthopedics and diversified medical technology companies. He will be based in the firm�s New York office. Miksic joins Piper Jaffray from Morgan Stanley where he was a senior research analyst covering the medical technology and hospital supply sectors. Prior to Morgan Stanley, he gained experience as a senior manager in the business consulting division at Arthur Andersen and also spent five years with a software start-up company. Miksic earned a bachelor�s degree in computer science from Rutgers University and a Master of Business Administration degree from the Leonard N. Stern School of Business at New York University. �Matt�s addition to the investment research team will allow us to continue providing quality investment recommendations and independent research in the medical technology sector,� said Steve Buell, head of investment research at Piper Jaffray. �With his proven track record, we are well-positioned for broadening our expertise and building on our leading health care research franchise.� Miksic has provided primary coverage for several high-profile medical technology companies, including Beckman Coulter, Biomet, Dade Behring, Hospira, Integra LifeSciences, Kyphon, LifeCell, NuVasive, Respironics, Stryker and Zimmer. 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, and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC) (http://www.piperjaffray.com) Since 1895. Member SIPC and FINRA. � 2008 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020