Cal Amp Scheduled to Join the Russell 3000(R) Index
June 23 2006 - 7:00AM
Business Wire
CalAmp Corp. (Nasdaq:CAMP), a leading provider of wireless products
and engineering services, today announced it is scheduled to join
the Russell 3000(R) Index when Russell Investment Group
reconstitutes its family of U.S. indexes on June 30, according to a
preliminary list of additions posted on June 16, 2006 on
www.russell.com. Membership in the Index remains in place for one
year. Russell determines membership for its equity indexes
primarily by objective, market capitalization rankings and style
attributes. "We are pleased to be included as part of the Russell
3000(R)," said Fred Sturm, President and Chief Executive Officer of
CalAmp. "The strength of our business and our ability to generate
organic growth while integrating several recent acquisitions has
earned us a place on this prestigious Index. This is an important
accomplishment and key milestone for CalAmp." Russell indexes are
widely used by investment managers and institutional investors for
index funds and as benchmarks for both passive and active
investment strategies. An industry-leading $3.8 trillion in assets
currently are 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 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(R). The largest 1,000 companies in the ranking
comprise the Russell 1000(R) while the remaining 2,000 companies
become the widely used Russell 2000(R). These investment tools
originated from Russell's multi-manager investment business in the
early 1980s when the company saw the need for a more objective,
market-driven set of benchmarks in order to evaluate outside
investment managers. About CalAmp Corp. CalAmp is a leading
provider of wireless equipment, engineering services and software
that enable anytime/anywhere access to critical information, data
and entertainment content. With comprehensive capabilities ranging
from product design and development through volume production,
CalAmp delivers cost-effective high quality solutions to a broad
array of customers and end markets. CalAmp is the leading supplier
of Direct Broadcast Satellite (DBS) outdoor customer premise
equipment to the U.S. satellite television market. The Company also
provides wireless connectivity solutions for the telemetry and
asset tracking markets, private wireless networks, public safety
communications, and critical infrastructure and process control
applications. For additional information, please visit the
Company's website at www.calamp.com. About Russell Russell, a
global leader in multi-manager investment services, provides
investment products and services in 44 countries. Russell manages
more than $167 billion in assets and advises clients worldwide
representing $2.4 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.
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