Message #1 From:
Stock News Bot Date: January 22, 2007 08:07:00 AM
SPN News Ocean Tomo 300(TM) Patent Index Leads Major U.S. Indices
CHICAGO--(BUSINESS WIRE)--Ocean Tomo, LLC, the Chicago-based provider of diversified intellectual
property-related services, announced the Ocean Tomo 300™
Patent Index concluded trading on January 19 at 6017.35, outpacing the
Dow Jones Industrial Average, S&P 500 and NASDAQ Composite since the
Index’s reconstitution. The Index is
investable through the Claymore/Ocean Tomo Patent ETF (Amex: OTP).
“The performance of the Ocean Tomo 300 Patent
Index continues to demonstrate the strength and relevance of the ‘innovation
ratio’ (defined as a company’s
patent value to book value) in assessing the value of a company in today’s
knowledge economy,” said Douglas Ehrman,
Director of Operations for Ocean Tomo Asset Management.
Several companies contributing to the performance of the Index include:
ADC Telecommunications, Inc. (NASDAQ: ADCT), Alberto Culver Co. (NYSE:
ACV), Boston Scientific Corporation (NYSE: BSX), Cypress Semiconductor
Corporation (NYSE: CY) and Superior Energy Services, Inc. (NYSE: SPN).
Rates of Return from October 31, 2006
to January 19, 2007 (Source: Bloomberg)
Ocean Tomo 300™ Patent Index
Dow Jones Industrials
S&P 500
NASDAQ
4.2%
4.0%
3.8%
3.6%
About the Ocean Tomo 300™ Patent Index
Recognized by The American Stock Exchange as “the
first major, broad-based market equity index to be launched in 35 years,”
the Ocean Tomo 300™ Patent Index is a
diversified market-weighted index of 300 companies with the highest
innovation ratio. Over a 10-year period ending December 2006, the Ocean
Tomo 300™ Patent Index outperformed the S&P
500 by 3% annualized.
The analytical engine used to evaluate the value of each company’s
patent portfolio is Ocean Tomo's PatentRatings®
system, which calculates the relative attractiveness of more than four
million patents issued by the U.S. Patent and Trademark Office since
1983, and is widely recognized by the intellectual property valuation
industry. Further details on the Index, its methodology, as well as a
complete list of companies in the Index and other materials are
available at www.OceanTomoIndexes.com.
About Ocean Tomo, LLC
Established in 2003, Ocean Tomo, LLC (www.oceantomo.com)
is a fully integrated intellectual capital merchant banc that
specializes in understanding and leveraging intellectual property
assets. The company provides advice in IP-related mergers and
acquisitions, valuations, expert services, analytics and IP auctions.
Ocean Tomo has offices in Chicago, San Francisco, Palm Beach, Orange
County and Washington, DC. Subsidiaries of Ocean Tomo include: Ocean
Tomo Capital, LLC, publisher of the Ocean Tomo 300™
Patent Index (Amex:OTPAT); Ocean Tomo Capital Fund, LP -- a $200 million
private equity investment fund; and Ocean Tomo Asset Management, LLC --
an SEC Registered Investment Advisor offering hedge funds utilizing
IP-based investment strategies.