Andrew M. Schroepfer Promoted to Senior Research Analyst for Communication Service Providers at U.S. Bancorp Piper Jaffray

Business Wire, Sept 9, 1999

MINNEAPOLIS--(BUSINESS WIRE)--Sept. 9, 1999--

U.S. Bancorp Piper Jaffray is pleased to announce the promotion of Andrew M. Schroepfer to senior equity research analyst covering communication service providers. Schroepfer previously worked as a research analyst covering the open communications industry in the company's Equity Research department. As a senior analyst, he has initiated coverage of: Level 3 Communications, Inc. (LVLT: Nasdaq, 61 7/8), Qwest Communications International Inc. (QWST:Nasdaq, 28 5/8), Metro One Communications, Inc. (MTON:Nasdaq, 16 1/8) and NorthEast Optic Networks, Inc. (NOPT:Nasdaq, 34).

"Andy is a phenomenal addition as a senior research analyst covering the telecommunications industry," said Thomas Schreier, director of Equity Research for U.S. Bancorp Piper Jaffray. "His promotion accelerates and broadens our coverage of this critical area."

U.S. Bancorp Piper Jaffray has expanded its telecommunications coverage in the last two years to include network infrastructure, open communications, wireless communications and mobile computing, in addition to communication service providers.

Prior to joining U.S. Bancorp Piper Jaffray in 1997, Schroepfer worked in the Private Brokerage department of Merrill Lynch in New York City. He holds a bachelor's degree in accounting and economics from St. John's University in St. Cloud, Minn. Schroepfer is a Level II Chartered Financial Analyst (CFA) candidate.

U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based U.S. Bancorp, provides a full range of investment products and services to businesses, institutions and individuals. The company's investment banking business has grown exponentially in the last several years by focusing on the needs of growth companies in the consumer, financial institutions, health care, industrial growth and technology growth sectors. U.S. Bancorp Piper Jaffray has a national reputation for its expertise in equity research and both equity and debt financing. U.S. Bancorp offers a comprehensive range of financial solutions through U.S. Bank, First American Asset Management, U.S. Bancorp Libra Investments and U.S. Bancorp Piper Jaffray. For more information, visit our Web site at www.piperjaffray.com.

Nondeposit investment products are not insured by the FDIC, are not deposits or other obligations of or guaranteed by U.S. Bank National Association or its affiliates, and involve investment risks, including possible loss of the principal amount invested. Securities products and services are offered through U.S. Bancorp Piper Jaffray Inc., member SIPC and NYSE, Inc., a subsidiary of U.S. Bancorp.

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