Business Services Industry

Piper Jaffray launches Computer Telephony universe

Business Wire, May 16, 1997

MINNEAPOLIS--(BUSINESS WIRE)--May 16, 1997--Piper Jaffray Inc. announced its roll-out of the Computer Telephony (CT) universe, initiating coverage on seven major industry companies.

Senior Research Analyst Ted Jackson made the announcement as part of the expanding Technology team. Jackson joined Piper Jaffray in March. He reports to Chuck Webster, managing director and director of Equity Research.

Jackson's coverage divides the CT universe into five segments: CPE-based messaging, interactive voice response, call center equipment, enhanced services and core enabling technology. Jackson says he's "bullish" on the latter three, calling them "very attractive." The CT companies include Applied Voice Technology (AVTC), Boston Technology (BSN), Brooktrout Technology (BRKT), Davox (DAVX), Dialogic (DLGC), InterVoice (INTV) and Natural MicroSystems (NMSS).

Prior to joining Piper Jaffray, Jackson was with Hoak Breedlove Wesneski in Dallas. Jackson is a Certified Financial Analyst and holds an MBA from the University of Missouri-St. Louis. He also earned a bachelor's degree from Tulane University in New Orleans, La. A native of St. Louis, Jackson and his wife reside in the Twin Cities.

Piper Jaffray Inc. -- a subsidiary of Piper Jaffray Companies Inc., has built a growing reputation as one of the nation's premier investment banking firms by focusing on the needs of growth companies in the health care, technology, financial institutions, consumer and industrial growth industries. Operations are headquartered in Minneapolis, with additional corporate offices in Seattle, Chicago and Menlo Park, Calif., and capital markets offices in 16 cities. Piper Jaffray Inc. also has 80 retail sales offices in 17 Midwest, Mountain, Southwest and Pacific Coast states. Other subsidiaries include Piper Capital Management Inc., a money management company with approximately $9 billion in assets under management; Piper Trust Company, which provides trust services to individuals and institutions; and Piper Jaffray Ventures, a private equity venture capital firm investing in emerging growth companies. Founded in 1895, Piper Jaffray is a member of SIPC, the New York Stock Exchange and other major stock exchanges. For more information about Piper Jaffray Companies, visit our Web site on the Internet at http://www.piperjaffray.com/.> CONTACT: Piper Jaffray, Minneapolis

Tony Saffold, 612/342-6594

Chuck Webster, 612/342-6340