Conrad W. Leifur

CONRAD W. LEIFUR is a Vice President of US Bancorp Piper Jaffray and a
Senior Research Analyst for the telecommunications industry. Prior to
joining the firm, he was a Senior Analyst with American Express
Financial Corporation, where he covered telecommunications equipment
stocks and other technology sectors. Mr. Leifur earned his BA in
Mathematics and Economics at Yale University and an MBA from the
University of Minnesota Carlson School of Management. He is a Chartered
Financial Analyst.