Synaptics Added to Russell 2000(R) Index
SAN JOSE, Calif., July 2 /PRNewswire-FirstCall/ -- Synaptics (Nasdaq: SYNA - News), a leader in touch pads and other human interface solutions for mobile computing and communications devices, today announced that it has been added to the Russell 2000® Index, a leading benchmark of small-cap stocks compiled by the Frank Russell Company, one of the world's leading investment management and advisory firms.
"Synaptics' addition to the Russell 2000 is a testament to our employees' hard work and focus in establishing the Company as the market leader of innovative interface solutions for the notebook market, an accomplishment we can all be proud of," said Francis Lee, President and Chief Executive Officer of Synaptics. "This is an important milestone in our efforts to increase our visibility with the financial community as we work toward continuing our growth by leveraging our interface technology in both existing and emerging markets."
Membership in Russell's 21 U.S. equity indexes is determined strictly by market capitalization rankings and style attributes rather than by subjective opinion or committee decisions. Russell indexes are widely used by managers for index funds and as benchmarks for both passive and active investment strategies. About $250 billion is invested in index funds based on Russell's indexes and an additional $850 billion is benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.
Annual reconstitution of the Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The largest 1,000 companies in the ranking comprise the Russell 1000 Index while the remaining 2,000 companies become the widely used Russell 2000 Index.
About Synaptics Incorporated
Synaptics develops advanced interface solutions for products as diverse as notebook and desktop computers, mobile computing and communications devices, automotive applications and security solutions. Synaptics products include: TouchPad(TM), the industry standard notebook pointing device; ClearPad(TM), a capacitive touch screen solution; TouchStyk(TM), a modular capacitive pointing stick solution; Spiral®, an inductive, proximity sensing pen input system; cPad(TM), an LCD TouchPad; TouchScreen, a capacitive touch solution for large displays; and QuickStroke®, a proprietary Chinese handwriting recognition software. More information about Synaptics can be found on the World Wide Web at www.synaptics.com.
About the Frank Russell Company
Frank Russell Company, a global leader in multi-manager investment services, provides investment products and services in more than 35 countries. Russell manages $70 billion in assets and advises clients worldwide representing US$1.8 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information, go to www.russell.com.
This press release contains "forward-looking" statements about Synaptics,
as that term is defined under the federal securities laws. Synaptics intends
such forward-looking statements to be subject to the safe-harbor created by
those laws. Such forward-looking statements include, but are not limited to,
expectations of Synaptics' growth in both existing and new markets. Synaptics
cautions that these statements are qualified by important factors that could
cause actual results to differ materially from those reflected by the forward-
looking statements contained herein. Such factors include, but are not limited
to: (a) market demand for Synaptics products (b) market demand for CityOne
products using Synaptics products, and (c) the failure of Synaptics products
and CityOne products to deliver commercially acceptable performance, and other
risks as identified from time to time in Synaptics' SEC reports, including
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and Annual
Reports on Form 10-K. All forward-looking statements are based on information
available to Synaptics on the date hereof, and Synaptics assumes no obligation
to update such statements.
For More information contact: Jennifer Jarman The blueshirt group for Synaptics 415-217-7722 firstname.lastname@example.org