MINNEAPOLIS, Nov. 4 /PRNewswire-FirstCall/ -- U.S. Bancorp Piper Jaffray
(Piper Jaffray) applauds its Technical Market Strategist Edward Nicoski and
his technical research team comprised of Shelley Moen and David Nicoski, and
Internet Media and Marketing Analyst Safa Rashtchy, ranked for their
analytical expertise in Institutional Investor's 2003 All-America Research
Team. Nicoski and Rashtchy were named runners-up in Institutional Investor's
Technical Research and Internet categories, respectively.
Institutional Investor ranked the top four analysts in several sectors
organized within 10 broad groups: Basic Materials, Capital Goods/Industrials,
Consumer, Energy, Financial Institutions, Health Care, Media, Technology,
Telecommunications and Macro. According to Institutional Investor, they
"tapped the opinions of more than 3,700 individuals at approximately 640 firms
-- including more than 90 percent of the 100 largest U.S. equity managers."
"We are thrilled Safa as well as Ed's technical team have been recognized
for their outstanding analysis in their respective areas of expertise," said
Robert W. Peterson, head of Investment Research at U.S. Bancorp Piper Jaffray.
"Piper Jaffray is deeply committed to providing its clients with thoughtful
and prescient research and this acknowledgment is a shining example of that
Nicoski is managing director of technical research at U.S. Bancorp Piper
Jaffray. He joined the firm in 1970 as a fundamental analyst and in 1976
initiated a technical publication for the firm, which subsequently evolved
into The Informed Investor, a monthly publication for institutional investors.
In 1978 he became responsible for the MicroGroup Project at U.S. Bancorp Piper
Jaffray, which consists of 5000 stocks broken into 12 sectors and 500
MicroGroups. He also has been selected eight times to the All-America Research
Analyst Team as published in Institutional Investor magazine. Nicoski holds
the Chartered Financial Analyst (CFA) designation and is a member of the Twin
Cities Society of Security Analysts and the Market Technicians Association.
Rashtchy is a principal of Piper Jaffray and a senior research analyst
focused on the Internet media and marketing sector. He joined the Investment
Research department of U.S. Bancorp Piper Jaffray as a research analyst in
1997 and has published several technical papers and presented at various
industry conferences. In addition, Rashtchy was named to The Wall Street
Journal's "2002 Best on the Street" analyst survey as well as Institutional
Investor magazine's "Home Run Hitters of 2001" top stock pickers list.
Rashtchy also consistently enjoys the top ranking for his earnings accuracy,
as compiled by Starmine. Rashtchy holds a master's in business administration,
summa cum laude, from Boston University in Boston, and a bachelor of science
degree in engineering from Purdue University in West Lafayette, Ind.
Compiling This Year's All-America Research Team
According to Institutional Investor, "Institutional Investor sent
questionnaires covering 71 industry groups and investment specialties to the
directors of research and chief investment officers of major money management
institutions ... We also contacted selected institutional clients from lists
submitted by Wall Street research directors and sent questionnaires directly
to analysts and portfolio managers at many top institutions. In total, we
mailed ballots to more than 900 institutions. Rankings were determined by
using the numerical score each analyst received. Scores were produced by
taking the number of votes awarded to an individual analyst and weighting them
based on the size of the voting institution and the place that the respondent
awarded to the analyst. Teams and individuals were designated runners-up when
their scores fell within 35 percent of the third-teamer's score."
U.S. Bancorp Piper Jaffray, a subsidiary of the consolidated group of U.S.
Bancorp (NYSE: USB), is a focused securities firm comprised of two revenue-
generating segments -- Capital Markets and Private Client Services. Clients
of both segments are supported by Investment Research, an independent group
reporting to the CEO. The firm provides a full range of investment products
and services to individuals, institutions and businesses. The firm has over
124 offices in 25 states across the country. U.S. Bancorp offers a
comprehensive range of financial solutions through U.S. Bank, U.S. Bancorp
Asset Management, U.S. Bancorp Investments and U.S. Bancorp Piper Jaffray. For
more information on U.S. Bancorp Piper Jaffray, visit www.piperjaffray.com .
SOURCE U.S. Bancorp Piper Jaffray