Daren C. Marhula

DAREN C. MARHULA, CFA, is a Senior Research Analyst in the Equity
Research Department of U.S. Bancorp Piper Jaffray, Inc. He joined the
firm in April 1999 and focused his efforts on vendors of technology and
information to the healthcare setting, including traditional Health Care
Information Systems; emerging e-health; drug distributors and
pharmaceutical outsourcing. Previously, Mr. Marhula was a Senior
Research Analyst in the Dain Rauscher Wessels (formerly Wessels, Arnold
& Henderson, LLC) Equity Research Department since 1995. He received a
Bachelor of Arts degree in two majors, Accounting and Financial
Management, from the University of St. Thomas.