Claymore Licenses Ocean Tomo 300(TM) Patent Index for Proposed ETF
CHICAGO, Dec. 4 /PRNewswire/ --
Ocean Tomo, LLC, the Chicago-based provider of diversified intellectual property-related services, announced the Ocean Tomo 300(TM) Patent Index, the first equity index based on the value of corporate intellectual property, concluded trading on December 1 at 5876.88, outpacing the Dow Jones Industrial Average, S&P 500 and NASDAQ Composite indices for the week ending December 1, 2006.
Ocean Tomo also announced Claymore Securities has licensed the Ocean Tomo 300(TM) Patent Index for a proposed exchange traded fund, the Claymore/Ocean Tomo Patent ETF (AMEX:OTP).
Several companies contributing to the performance of the Index and reflecting the role of intellectual capital in the economy include: Baker Hughes (NYSE:BHI), Garmin (NASDAQ:GRMN), Pactiv (NYSE:PTV), Invitrogen (NASDAQ:IVGN), Intel (NASDAQ:INTC), Gannett (NYSE:GCI), Baxter (NYSE:BAX), Brunswick (NYSE:BC), Alberto-Culver (NYSE:ACV), Ecolab (NYSE:ECL) and Adtran (NASDAQ:ADTN).
Ocean Tomo 300(TM) Patent Index Rate of Return versus Major U.S. Indices:
November 27 - December 1, 2006*
Ocean Tomo Dow Jones NASDAQ S&P 500
300(TM) Patent Industrial
Index Average
-0.12% -0.70% -1.91% -0.30%
*Returns are calculated from close of market on November 24, 2006 to close
of market December 1, 2006, using prices from Bloomberg.
About the Ocean Tomo 300(TM) Patent Index
Recognized by The American Stock Exchange ( http://www.amex.com/ ) as "the first major, broad-based market equity index to be launched in 35 years," the Ocean Tomo 300(TM) Patent Index is a diversified market-weighted index of 300 companies that own the most valuable patents relative to their book value. Over a 10-year time period ending October 2006, the Ocean Tomo 300(TM) Patent Index outperformed the S&P 500 by more than 300 basis points annualized. 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. Further details on the Index, its methodology, as well as a complete list companies in the Index and other materials are available at http://www.oceantomoindexes.com/ .
In addition to the Captivate(R) Network, 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
, or Judith Flynn Echeverria, +1-212-819-4806, or
, both of Edelman
Web site: http://www.oceantomo.com/