2008-06-30 23:42:13 -
www.pctel.com - PCTEL, Inc. (NASDAQ: PCTI), a leader in propagation and optimization solutions for the wireless industry, today announced it had been added to the broad-market Russell 3000(R) Index. The Company's addition to the Russell 3000 Index was made effective following the market close on Friday, June 27.
"We are pleased that PCTEL was selected as a component of
the Russell 3000(R) Index. As an index widely used by investment managers and institutional investors, we believe it will provide greater visibility for PCTEL's growth and consistent participation in high-growth markets related to spectrum management," said Marty Singer, PCTEL's Chairman and CEO.
PCTEL's stock price and market cap have increased since divesting its software group earlier this year. The company now focuses exclusively on radio frequency technologies, specifically in antenna products and scanning receivers.
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. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000(R) Index or small-cap Russell 2000(R) Index as well as the appropriate growth and value style indexes.
About PCTEL
PCTEL, Inc. (NASDAQ: PCTI), is a global leader in propagation and optimization solutions for the wireless industry. The company designs and develops software-based radios for wireless network optimization and develops and distributes innovative antenna solutions. PCTEL's MAXRAD(R) antenna solutions address public safety applications, unlicensed and licensed wireless broadband, fleet management, and network timing. Its portfolio includes a broad range of antennas for WiMAX, Land Mobile Radio, GPS, telemetry, RFID, WiFi, indoor cellular, and mesh networks. The company's SeeGull(R) scanning receivers, receiver-based products and CLARIFY(R) interference management solutions are used to measure, monitor and optimize cellular networks. PCTEL's products are sold worldwide through direct and indirect channels. For more information, please visit the company's web site at: www.pctel.com.
PCTEL, Inc.
Jack Seller
Public Relations
(630) 339-2116
Jack.seller@pctel.com
or
Summit IR Group
Mary McGowan
Investor Relations
(408) 404-5401
mary@summitirgroup.com 
