MILPITAS, Calif., Sept. 5, 2008 (GLOBE NEWSWIRE) -- LTX-Credence Corporation (Nasdaq:LTXC), a global provider of focused, cost-optimized ATE solutions, today announced its addition to the Russell 2000(r), Russell 2500(tm), Russell Small Cap Completeness(r) and Russell Microcap(r) indexes. LTX-Credence was added to these indexes after the equity markets closed on August 29 following the completion of the merger between LTX Corporation (Nasdaq:LTXX) and Credence Systems Corporation (Nasdaq:CMOS). Membership in the Russell 2000, 2500, Small Cap Completeness and Microcap indexes, which are reconstituted at the end of June each year, is based on membership in the broad-market Russell 3000(r) Index. The stock also was added systematically to the appropriate growth and value indexes.
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 $4.4 trillion in assets currently are benchmarked to them. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
Real-time market analysis on the Russell 2000 and other Russell Indexes is available at http://www.russell.com/Indexes/performance/real_time_market_analysis.asp. Although LTX-Credence Corporation has been added to the indexes noted, it will not appear on the online lists found on the Russell website as these lists are updated one time per year at the annual index reconstitution in June.
About LTX-Credence Corporation
Formed by the 2008 merger of LTX Corporation and Credence Systems Corporation, LTX-Credence is a global provider of focused, cost-optimized ATE solutions designed to enable customers to implement best-in-class test strategies to maximize their profitability. LTX-Credence addresses the broad, divergent test requirements of the wireless, computing, automotive and entertainment market segments, offering a comprehensive portfolio of technologies, the largest installed base in the Asia-Pacific region, and a global network of strategically deployed applications and support resources. Additional information can be found at www.LTX-Credence.com.
About Russell
Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Headquartered in Tacoma, Wash., Russell has principal offices in Amsterdam, Auckland, Hong Kong, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information on Russell indexes, go to www.russell.com.
LTX-Credence is a trademark of LTX-Credence Corporation. All other trademarks are the property of their respective owners.