LeCroy Added to U.S. Broad-Market Russell 3000 Index
CHESTNUT RIDGE, N.Y., June 27, 2011 /PRNewswire/ -- LeCroy Corporation (NASDAQ: LCRY), a leading supplier of oscilloscopes and serial data test solutions, today announced that effective June 27, 2011 it has joined the Russell 3000® Index, which measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
"LeCroy's inclusion on the Russell 3000 Index is a testament to the success of our growth strategy and operational enhancement initiatives," said LeCroy President and Chief Executive Officer Tom Reslewic. "During the past year, we have gained significant growth momentum and broke records in revenues, total orders, and non-GAAP operating income. We are in the midst of our most comprehensive new product launch in LeCroy's history, which is pushing the envelope within our industry for performance and price. With that as our foundation, we look forward to the increased investor visibility that the Russell 3000 provides."
About Russell 3000® Index
The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market.
The Russell 3000 Index is constructed to provide a comprehensive, unbiased, and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are reflected.
About LeCroy Corporation
LeCroy Corporation is a worldwide leader in serial data test solutions, creating advanced instruments that drive product innovation by quickly measuring, analyzing and verifying complex electronic signals. The Company offers high-performance oscilloscopes, serial data analyzers and global communications protocol test solutions used by design engineers in the computer, semiconductor and consumer electronics, data storage, automotive and industrial, and military and aerospace markets. LeCroy's 45-year heritage of technical innovation is the foundation for its recognized leadership in "WaveShape Analysis" - capturing, viewing and measuring the high-speed signals that drive today's information and communications technologies. LeCroy is headquartered in Chestnut Ridge, New York. Company information is available at http://www.lecroy.com.
Contact:
Sean O'Connor
Chief Financial Officer
LeCroy Corporation
Tel: 845-425-2000
SOURCE LeCroy Corporation
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