Intellectuals(TM) Index Outperforms Industrials Index
14 11월 2006 - 1:35AM
PR Newswire (US)
New Ocean Tomo 300(TM) Patent Index Tracking the 'Knowledge
Economy' Outperforms Dow Jones Industrial Average and S&P 500
through its Second Week CHICAGO, Nov. 13 /PRNewswire/ -- Ocean
Tomo, LLC, the Chicago-based provider of diversified intellectual
property-related services, announced the Ocean Tomo 300(TM) Patent
Index (AMEX:OTPAT), the first equity index based on the value of
corporate intellectual property, concluded trading on November 10
at 5793.31, outpacing both the Dow Jones Industrial Average and
S&P 500 for the period from November 1 through November 10,
2006. "Since the names of the companies that constitute the Ocean
Tomo 300(TM) Patent Index were announced last month, the Index has
received considerable attention from those companies and the
financial community at large. Several member companies including
InterDigital Communications Corp. (NASDAQ:IDCC), Garmin Ltd.
(NASDAQ:GRMN), Energy Conversion Devices, Inc. (ECD Ovonics)
(NASDAQ:ENER), and United Technologies (NYSE:UTX), have already
incorporated their inclusion in the Ocean Tomo 300(TM) Patent Index
in quarterly earnings filings, recent press releases and company
highlights. We understand that Claymore Securities has filed with
the U.S. Securities and Exchange Commission for an exchange traded
fund (ETF) that will be based on the Index," said Keith Cardoza,
Managing Director of Ocean Tomo and Chief Investment Officer of
Ocean Tomo Asset Management. "The Ocean Tomo 300(TM) Patent Index
is the most relevant index to measure the knowledge economy. It
allows investors for the first time to commit a meaningful and
sustainable portion of their capital to intellectual property as a
distinct asset class ... the most valuable asset of the knowledge
economy," Cardoza added. The Ocean Tomo 300(TM) Patent Index, which
is priced and published by the American Stock Exchange(R)
(Amex(R)), is a diversified market-weighted index of 300 companies
that own the most valuable patents relative to their book value.
The 300 member companies have an average market capitalization of
$21 billion and a median market capitalization of $7 billion. The
Index is split equally between small cap, mid cap, and large cap
stocks. The smallest member company has a market capitalization of
$400 million. The American Stock Exchange recognizes the Ocean Tomo
300(TM) Patent Index as "the first major, broad-based market equity
index to be launched in 35 years, and follows the progression from
the Dow Jones Industrial Average in 1896, to the Standard &
Poor's 500 in 1957 and then to the NASDAQ Composite Index in 1971."
Over a 10-year time period ending September 2006, the Ocean Tomo
300(TM) Patent Index outperformed the S&P 500 by more than 300
basis points annualized. Among the companies that trade on the
Ocean Tomo 300(TM) Patent Index as of November 1, 2006 are:
Accenture Ltd. (NYSE:ACN), AT&T Inc. (NYSE:T), BellSouth Corp.
(NYSE:BLS), 3COM Corp. (NASDAQ:COMS), Eastman Kodak Co. (NYSE:EK),
Ford Motor Co. (NYSE:F), Garmin Ltd. (NASDAQ:GRMN), General
Electric Co. (NYSE:GE), Honeywell International Inc (NYSE:HON), IBM
Corp. (NYSE:IBM), InterDigital Communications Corp. (NASDAQ:IDCC),
Kimberly Clark Corp. (NYSE:KMB), Motorola, Inc. (NYSE:MOT),
Microsoft Corp. (NASDAQ:MSFT), The Procter & Gamble Co.
(NYSE:PG), Stryker Corp. (NYSE:SYK) and Time Warner Inc.
(NYSE:TWX). The full list of companies in the Index and other
materials are available at http://www.oceantomoindexes.com/ and
http://www.amex.com/ . Ocean Tomo 300(TM) Patent Index Rate of
Return versus Dow Jones Industrial Average and S&P 500:
November 1 - 10, 2006* Ocean Tomo Dow Jones S&P 500 300(TM)
Patent Industrial Index Average 0.3% 0.2% 0.2% *Returns are
calculated from close of market on October 31, 2006 to close of
market November 10, 2006, using prices from Bloomberg. Ocean Tomo
300(TM) Patent Index Methodology The Ocean Tomo 300(TM) Patent
Index represents a diversified portfolio of 300 companies that own
the most valuable patents relative to their book value. The Index
selection methodology identifies six companies within each of 50
size and style groups, reflecting a broad spectrum of market
capitalizations and investment styles, including value, relative
value, blend, growth at a reasonable price (GARP) and growth by
decile, that have the highest ratio of patent value to book value.
The analytical engine used to evaluate the value of each company's
patent portfolio is Ocean Tomo's PatentRatings(TM) software, which
calculates the relative attractiveness of the more than four
million patents issued by the U.S. Patent and Trademark Office
since 1983, and which is widely recognized by the intellectual
property valuation industry. The methodology developed by Ocean
Tomo is a 100 percent rules-based, quantitative approach to
selecting stocks from a universe of 1,000 companies. The Index
constituent selection process utilizes multi-factor proprietary
selection rules to identify those stocks that offer the greatest
patent value opportunities while maintaining broad-based
diversification. The Index annually reconstitutes after the close
of business on the last business day of October. Daily tracking of
the Ocean Tomo 300(TM) Patent Index is available at numerous media
outlets including: Bloomberg.com (^OTPAT), Bloomberg terminal
(OTPAT ), MarketWatch.com (OTPAT), and Yahoo! Finance (^OTPAT). The
Ocean Tomo 300(TM) Patent Index is patent-pending and was created
by and is a trademark of Ocean Tomo Capital, LLC. Ocean Tomo's
PatentRatings(TM) software is protected by U.S. Patent Number
6,556,992. About Ocean Tomo, LLC: Established in 2003, Ocean Tomo,
LLC ( http://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(TM) 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. DATASOURCE: Ocean Tomo, LLC
CONTACT: Melissa Kanter, +1-212-704-8261, , or Judith Flynn
Echeverria, +1-212-819-4806, , both of Edelman Web site:
http://www.oceantomo.com/ http://www.oceantomoindexes.com/
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