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Ocean Tomo 300(TM) Patent Index Now Available To Investors.


Claymore/Ocean Tomo Patent ETF ETF

See Exchange Traded Fund.


ETF

See exchange-traded fund (ETF).
 Introduced on the American Stock Exchange American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921.
 

CHICAGO -- Ocean Tomo, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, the Chicago-based provider of diversified intellectual property-related services, announced the Ocean Tomo 300[TM] Patent Index is now available to investors through Claymore Securities' new exchange-traded fund Exchange-traded funds (or ETFs) are Open Ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g. , the Claymore/Ocean Tomo Patent ETF. The new ETF will begin trading on the American Stock Exchange today, under the symbol OTP (1) (One Time Programmable) Refers to programming content or logic into chips such as EPROMs and EEPROMs, which cannot be reversed. See antifuse.

(2) (One Time P
.

"Intellectual property today is an inefficient market Inefficient Market

A theory which asserts that the market prices of common stocks and similar securities are not always accurately priced and tend to deviate from the true discounted value of their future cash flows. This theory opposes the efficient market hypothesis.
, and the Index presents a meaningful opportunity for investors," said Keith Cardoza, Managing Director of Ocean Tomo, and Chief Investment Officer of Ocean Tomo Asset Management. "Diversified across all sectors, styles, and capitalizations, the Index, through the Claymore/Ocean Tomo Patent ETF, presents a unique and powerful way for sophisticated investors to enhance their portfolio."

About the Ocean Tomo 300[TM] Patent Index

Recognized by The American Stock Exchange (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 annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
. 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 (General Attributes Registration Protocol) A standard for registering a client station into a multicast domain. See 802.1p.

GARP - A graphical language for concurrent programming.

["Visual Concurrent Programmint in GARP", S.K.
) and growth by decile decile

one of the groups when a series of ranked data is divided into ten equal parts, or dividing points between such groups. See also quartile.
, 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 www.OceanTomoIndexes.com.

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.

Ocean Tomo, LLC has granted Claymore Advisors the rights to license the Ocean Tomo 300[TM] Patent Index for the creation of the Claymore/Ocean Tomo Patent ETF (Amex: OTP). The Fund seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, to the Ocean Tomo 300[TM] Patent Index. Claymore Securities, Inc. acts as the distribution agent for the Fund. Neither Claymore Advisors nor Claymore Securities has any involvement with the ongoing administration of the Index.

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[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 Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in  offering hedge funds utilizing IP-based investment strategies.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 15, 2006
Words:570
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