Safa Rashtchy

SAFA RASHTCHY is a Vice President of U.S. Bancorp Piper Jaffray and a
Senior Research Analyst focused on the Internet media and commerce. He
joined the Equity Research department of U.S. Bancorp Piper Jaffray as a
Research Analyst in 1997 and has co-authored key industry reports on the
Internet, including ‘From e-Publishing to e-Business.’ Mr. Rashtchy has
developed his research universe with a focus on the values and
limitations of online advertising and e-commerce, with increasing
attention to the new platforms such as wireless, broadband, and commerce
infrastructures. He has been involved in more than 20 investment banking
transactions, including IPOs, secondary offerings, and M&A. From 1992 to
1996, Mr. Rashtchy was President of ColorWorks Graphics, the digital
imaging company he founded in Boston. Prior to that he worked in various
technical and management capacities in computer graphics and engineering
companies. Mr. Rashtchy received an MBA from Boston University and a BS
in Engineering from Purdue University. He has also published several
technical papers and has presented at various industry conferences.