SAN DIEGO, April 2, 2008 (PRIME NEWSWIRE) -- Entropic Communications, Inc. (Nasdaq:ENTR) a leading provider of silicon solutions to enable connected home entertainment, today announced that it has been added to the Russell 3000 Index as one of the 12 initial public offering additions to join the Index at the close of the market on March 31, 2008. The Russell 3000 Index measures the performance of the 3,000 largest public companies listed on U.S. stock exchanges, based on total market capitalization.
"We are delighted that Entropic has been selected to join the Russell 3000 Index, and we look forward to the added visibility with institutional investors that the index provides," said David Lyle, Chief Financial Officer of Entropic.
The Russell 3000 index is widely used by investment managers and institutional investors for index funds and as a benchmark for both passive and active investment strategies.
Entropic priced its IPO on December 6, 2007.
About Entropic Communications
Entropic Communications, Inc. is a leading fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. The company's technologies significantly change the way high-definition television-quality video and other multimedia content such as movies, music, games and photos are brought into and delivered throughout the home. For more information, please visit www.entropic.com.
Entropic Communications(r) and the stylized Entropic "curve" logo are either trademarks or registered trademarks of Entropic Communications, Inc. in the United States and/or other countries.
The Entropic Communications logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4255
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding the benefits of addition to the Russell 3000 Index. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Entropic's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, the factors discussed in the "Risk Factors" section of Entropic's Annual Report on Form 10-K for the fiscal year ended December 31, 2007. All forward-looking statements are qualified in their entirety by this cautionary statement. Entropic is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.