Inclusion will result in increased visibility within the investment community
BOSTON, June 17 /PRNewswire-FirstCall/ -- AMICAS, Inc. (Nasdaq: AMCS), a leader in image and information management solutions, today announced that it expects to join the broad-market Russell 3000 Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 26, according to a preliminary list of additions posted June 12 on www.russell.com.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060202/AMICASLOGO )
'AMICAS is a leading independent provider of image and information management solutions for healthcare. As such, we're pleased that AMICAS will become part of the Russell 3000 Index,' said Stephen Kahane MD, president, chief executive officer, and chairman of AMICAS. 'The Russell indexes have a solid history and reputation as tools for investors to track the market and its various movements and trends. We believe that inclusion in the Russell 3000 Index will result in increased visibility within the investment community and we look forward to executing on our recent combination with Emageon to increase shareholder value.'
Annual reconstitution of Russell's U.S. indexes captures the largest U.S. stocks as of the end of May, determined by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index, as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.
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 $4 trillion in assets currently are benchmarked to the Russell indexes.