June 27 2005
Intellisync Corporation Joins the New Russell Microcap Index
SAN JOSE, CA (06/27/05)—Intellisync Corporation (Nasdaq: SYNC), a leading developer and marketer of wireless email and mobile software, joined the new Russell Microcap™ Index when Russell Investment Group reconstituted its family of U.S. indexes on June 24. Russell recently posted a preliminary membership list at www.russell.com/US/Indexes.
The Russell Microcap Index, is comprised of the smallest 1,000 securities in the small-cap Russell 2000Ò Index plus the next 1,000 companies, based on a ranking of all U.S. equities by market capitalization. This new index offers managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks.
“Intellisync is pleased to be included in the initiation of the Russell Microcap Index. We believe being a part of the Index will bring Intellisync increased visibility in the financial community as well as help us in our continued effort to communicate Intellisync’s core strategy and key initiatives to institutional portfolio and pension fund managers looking for investment ideas in the small cap markets,” said Keith Kitchen, chief executive officer of Intellisync.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 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.
Companies slated for the Russell Microcap were ranked as of May 31 by total market capitalization and weighted based on free-float adjustment, an integral aspect of Russell index methodology. Free-float adjustment means stocks are weighted by their available market capitalization which is calculated by multiplying the primary closing price by the available shares.
Intellisync Corporation is a leading provider of wireless email and mobile software to large enterprises, mobile operators, software providers and device manufacturers. Intellisync has won the mobility industry’s top awards by providing seamless synchronization, secure wireless email, device control and mobility management software that connects nearly every device, data source and application available. The world’s largest corporations have selected Intellisync as their mobility solution standard, including America Online, Crédit Agricole, Domino’s Pizza, Guidant, Microsoft, NTT DoCoMo, Oracle | PeopleSoft, Pfizer, Sprint, Target, T-Mobile, Union Pacific, Verizon Wireless and Yahoo! For more information, please visit www.intellisync.com.
Russell, a global leader in multi-manager investment services, provides investment products and services in more than 39 countries. Russell manages more than $135 billion in assets and advises clients worldwide representing $2.3 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.