Company Press Release
Embarcadero Technologies' Solid Financials and Technology Expertise Earn Place On Russell 2000 and 3000 Indexes
Ranked as a Top U.S. Stock, Embarcadero Added to Prestigious Tracking Indexes
SAN FRANCISCO--(BUSINESS WIRE)--July 11, 2000-- Embarcadero Technologies, Inc., (Nasdaq: EMBT - news) provider of database lifecycle management solutions, today announced it has been added to the prestigious Russell 2000 and Russell 3000 Indexes. The Indexes are updated and maintained by the Frank Russell Company, which focuses on improving financial security for investors. The Russell designations join other recent milestone accomplishments including awards from SQL Server Magazine, DM Review and others; the selection by Computerworld as an Emerging Company; and the adoption of Embarcadero applications by 85 of the Fortune 100.
``Being included in the Russell Indexes reflects the tremendous corporate, financial and product development achievements of our staff and management. Our expertise and longevity in the technology industry have definitively earned us a position as a top U.S. stock,'' said Raj Sabhlok, Embarcadero's senior vice president of finance and business development. ``The fact that the vast majority of the Fortune 100 use Embarcadero applications reflects the strong industry commitment to our products and the strength of our database lifecycle management technologies. In addition, Embarcadero is well capitalized to fund ongoing product development that meets the needs of our e-business customers and delivers tangible benefits to developers.''
The unbiased Russell 3000 Index measures the performance of the 3,000 largest U.S. companies, based on total market capitalization. This represents approximately 98 percent of the investable U.S. equity market, and ensures an accurate representation of stock market performance. The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately eight percent of the total market capitalization of the Russell 3000 Index. Founded in 1936, the Frank Russell Company provides investment planning services and diversified funds to individuals and institutional investors in 35 countries. |
