Transmeta (Semiconductor) (TMTA)

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Transmeta Expected to Join Russell 2000 Index
Business Wire - June 28, 2006 09:00

SANTA CLARA, Calif., Jun 28, 2006 (BUSINESS WIRE) -- Transmeta Corporation (Nasdaq:TMTA), the leader in efficient computing technologies, today announced that it expects to join the Russell 2000 index when the Russell Investment Group reconstitutes its U.S. indexes on June 30, citing the recently posted preliminary membership list at www.russell.com/indexes.

The 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 while the remaining 2,000 companies become the widely used Russell 2000.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.