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Tellium Added to Russell 1000 and Russell 3000 Equity Indexes.

Business/Technology Editors


Tellium (Nasdaq: TELM), provider of the world's first in-service, intelligent core optical switch, announced today that the company has been added to the Russell(R) 1000 and Russell(R) 3000 equity indexes, effective July 1, 2001.

Each year, Frank Russell Company ranks U.S. public companies according to total market capitalization at the end of May. Performance of the largest 3,000 companies in the ranking is measured by the Russell 3000 equity index. The largest 1,000 companies in the Russell 3000 index are tracked by the Russell 1000 large-cap index. This year, 22 newly public companies, including Tellium, were added directly to the Russell 1000 index. The Russell indexes are widely used as benchmarks for both passive and active investment strategies.

"We are very pleased to be included in the Russell indexes," said Michael Losch, Tellium's chief financial officer. "To achieve this so quickly after our initial public offering reflects the commitment and talent of our employees to execute our business plan and create shareholder value."

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in-service, intelligent optical switches, Tellium's Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective migration path to next-generation public networks. More information is available at Tellium(R)...smarter, faster optical networks.(TM)

This press release contains forward-looking statements based on current expectations, forecasts and assumptions of the Company that involve risks and uncertainties. Forward-looking statements in this release are based on information available to the Company as of the date hereof. Forward looking statements are subjects to risks and uncertainties associated with the Company's business that could cause actual results to vary materially from those stated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, economic, customer, key employee, competitive, technological and vendor factors affecting the Company's growth, operations, markets, products, services and other factors and other risks and uncertainties discussed in the Company's filings with the Securities and Exchange Commission, particularly the "Risk Factors" section of the final prospectus filed on May 17, 2001 in connection with our initial public offering and the Company's registration statement on Form S-8 filed on May 31, 2001. Forward looking statements include statements regarding the Company's current expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate", "believe", "could", "estimate", "intend", "may", "should", "will", "would", "projects", "expects", "plans", or other similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Tellium, the Tellium logo, "Smarter, Faster Optical Networks", "a Brilliant Reality", Aurora, Aurora 32, Aurora Optical Switch, Aurora 128, Aurora Full-Spectrum, StarNet Software Suite, StarNet Operating System, StarNet OS, StarNet Wavelength Management System, StarNet WMS, StarNet Planner, StarNet Modeler, StarNet Design Tools and others are trademarks or registered trademarks of Tellium Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 10, 2001
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