Conrad W.Leifur

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