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Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (6716)	7/14/1999 2:09:00 PM
From: Paul Lee	Read Replies (1) \| Respond to of 9236

Aware Named to the Broad Market Russell 3000 Stock Index and the Small Cap Russell 2000 Stock Index BEDFORD, Mass.--(BUSINESS WIRE)--July 14, 1999--Aware, Inc. (NASDAQ:AWRE), a worldwide leader in DSL (Digital Subscriber Line) technology for high-speed Internet access, announced today that it has been named to the broad market Russell 3000 (R) Index and the small cap Russell 2000 (R) Index. Each year, Frank Russell Company, one of the world's leading investment management and advisory firms, constructs its indices by ranking the 3,000 largest stocks in the U.S. equity market by capitalization as of May 31. The Russell 2000 (R) Index measures the performance of the smallest 2000 companies in the Russell 3000. These indices provide objective benchmarks for the overall stock market by which the performance of external investment managers may be evaluated. "Being named to the Russell 2000 (R) and Russell 3000 (R) as one of the top performing companies on the basis of market capitalization is another great landmark for Aware," noted Michael A. Tzannes, president and chief executive officer of Aware. "We attribute our success to our technology leadership in a market that is poised for tremendous growth. As the demand for high-speed Internet access grows, Aware will continue to provide superior full-rate ADSL and G.Lite technology to the DSL industry." Continuing, Tzannes said, "Aware has had the opportunity recently to validate its leadership position by being number one in both DSL market share and interoperability. According to Dataquest, DSL chipsets using Aware technology achieved a 58% market share in 1998. As a result, Aware-based chipsets have been integrated into more equipment offerings than any other competing chipset. We are also pleased with the results of recent industry-sponsored interoperability events in which Aware technology enabled the largest number of interoperability connections." Rick Moberg, chief financial officer, added, "Aware has made a determined effort over the last year to educate the investment community about the DSL industry, as well as our company and its intellectual property business model. We are pleased that those efforts have resulted in increased valuation for the company's stockholders."