Vodavi Technology Inc. Retains Piper Jaffray Inc.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 4, 1998--Vodavi Technology Inc. (Nasdaq:VTEK) Wednesday announced that it has retained Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution Inc. to assist the company in evaluating strategic alternatives. "Much of our success to date is due to the fact that we have remained focused on serving a well-defined segment of the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. market," said Glenn Fitchet fitch·ew also fitch·et n. Archaic The Old World polecat or its fur. [Middle English ficheux, possibly from Walloon ficheau, diminutive of Middle Dutch vitsche, visse.] , president and chief executive officer of Vodavi. "Nonetheless, as a small niche player in a large and increasingly diverse industry, we want to ensure that we explore all avenues for the benefit of shareholders. "Following an analysis of the company and its current position in the industry," continued Fitchet, "Piper Jaffray will, within the next several months, present the board with a review of its strategic alternatives aimed at increasing shareholder value." Vodavi Technology has headquarters in Scottsdale. The company designs, develops, markets, and supports a broad range of telecommunications systems, computer-telephony products, and voice- processing products, including voice mail, fax mail, Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the messaging, and interactive voice response systems for a wide variety of commercial applications. Piper Jaffray, a subsidiary of U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. , provides investment advice and services to individuals, institutions and businesses. |
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