NEW YORK, May 13 /PRNewswire-FirstCall/ -- U.S. Bancorp Piper Jaffray
(Piper Jaffray) is pleased to announce that Stephen O'Rourke, 38, has joined
the firm as a senior research analyst covering the semiconductor capital
equipment sector. He will be based in the firm's New York office.
O'Rourke joins the firm from C.E. Unterberg Towbin in New York, where he
was a vice president and senior research analyst covering the semiconductor
capital equipment sector. Prior to that, he was a senior analyst at Robertson
Stephens in San Francisco. Additionally, O'Rourke is a graduate of the U.S.
Naval Academy with a bachelor of science degree in electrical engineering, cum
laude. After leaving the Navy in 1991, O'Rourke spent eight years at Applied
Materials in Santa Clara, Calif., holding various positions. He then spent two
years at Everdream Corporation, an IT Services start-up company.
"Steve's considerable experience in both the semiconductor capital
equipment and securities industries, made him the ideal candidate for the
position," said Robert Peterson, head of Research at U.S. Bancorp Piper
Jaffray. "His extensive knowledge of the sector will enable him to provide
clients with meaningful objective research."
"Piper Jaffray has a deep technology presence, and will provide an
excellent base from which to drive a strong research franchise in
semiconductor capital equipment and related spaces," said O'Rourke.
U.S. Bancorp Piper Jaffray, a subsidiary of Minneapolis-based
U.S. Bancorp (NYSE: USB), is a focused securities firm comprised of four lines
of business: Equity Capital Markets, Fixed Income Capital Markets, Private
Advisory Services and Research. The firm provides a full range of investment
products and services to individuals, institutions and businesses and has over
124 offices in 25 states across the country. For more information on U.S.
Bancorp Piper Jaffray, visit www.piperjaffray.com .
This press release contains forward-looking statements. Statements that
are not historical or current facts, including statements about beliefs and
expectations, are forward-looking statements. These forward-looking
statements are subject to risks and uncertainties relating to the proposed
spin-off of the U.S. Bancorp Piper Jaffray business, including the impact of
the proposed spin-off on U.S. Bancorp's and the new company's results of
operations, the financial accounting consequences of the proposed transaction,
the impact of the spin-off on U.S. Bancorp's stock price and on its and the
new company's relationships with their respective customers and employees, the
tax consequences of the transaction to U.S. Bancorp, the new company and their
respective stockholders, changes in business climate or market conditions or
other factors which could make the proposed spin-off unadvisable. These
forward-looking statements involve other inherent risks and uncertainties, and
other important factors could cause actual results to differ materially from
those anticipated, including those contained in U.S. Bancorp's Form 10-K and
other reports on file with the U.S. Securities and Exchange Commission.
Forward-looking statements speak only as of the date they are made, and U.S.
Bancorp undertakes no obligation to update them in light of new information or
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Additional information is available upon request.
SOURCE U.S. Bancorp Piper Jaffray