SAN JOSE, Calif. & SINGAPORE, Jun 29, 2010 (BUSINESS WIRE) --
Avago Technologies Limited (Nasdaq: AVGO), a leading supplier of analog interface components for communications, industrial and consumer applications, today announced that it was added to the Russell 3000(R) Index and the large-cap Russell 1000(R) Index, effective after the close of the equity markets on June 25, 2010.
"Membership in the Russell 1000(R) Index represents another milestone for Avago," said Doug Bettinger, Avago's SVP Finance and CFO. "Inclusion reflects Avago's place in the market after our IPO in August 2009 and we are pleased to be included."
Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. The full Russell Index lists can be found at www.russell.com.
About Avago Technologies
Avago Technologies is a leading supplier of analog interface components for communications, industrial and consumer applications. By leveraging its core competencies in III-V compound and silicon semiconductor design and processing, the company provides an extensive range of analog, mixed signal and optoelectronics components and subsystems to approximately 40,000 end customers. Backed by strong customer service support, the company's products serve four diverse end markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals. Avago has a global employee presence and heritage of technical innovation dating back 40 years to its Hewlett-Packard roots. Information about Avago is available on the Web at www.avagotech.com.
Follow Avago on Twitter at http://twitter.com/Avagotech.
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SOURCE: Avago Technologies Limited
Avago Technologies Limited
VP Business Development and IR
+1 408 435 7400