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Simplex Solutions Added to the Russell 2000 Index
SUNNYVALE, Calif., Aug. 7 /PRNewswire/ --
Simplex Solutions, Inc. (Nasdaq: SPLX) today announced that it has been chosen
to join the Russell 2000® Index, according to a list distributed by the
Frank Russell Company.
The Index took effect on July 1 and remains in place
for one year. The Russell 2000 stock index is recognized as an objective, market-based
benchmark for evaluating investment managers.
As of the latest
reconstitution, the average market capitalization was approximately
$530 million; the median market capitalization was approximately $410 million.
Total market capitalization for the Russell 2000 is $1,060 billion,
representing 7.7 percent of the U.S. equity market overall. ``I am pleased with our inclusion in the Russell 2000 Index,'' said
Penny Herscher, chairman and CEO of Simplex Solutions.
``I believe that our
strong execution in the early stages as a public company has attracted
investor interest and provided us with a market capitalization and growth rate
that makes Simplex Solutions a good fit for inclusion in this dynamic index.'' About Simplex Simplex Solutions, Inc. provides software and services for the design and
verification of integrated circuits to enable its communications, computer and
consumer-products customers to achieve first-time production success and rapid
delivery of complex systems-on-chip.
Simplex's customers use its products and
services prior to manufacture to design and verify the integrated circuits to
help ensure that the integrated circuits will perform as intended, taking into
account the complex effects of deep-submicron semiconductor physics.
Simplex
can be reached at 408-617-6100 or on the web at http://www.simplex.com.
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