Editorial: Inphi gets votes of confidence
Westlake Village-based computer chip maker Inphi continues to impress lots of folks, including the people at Russell Investments.
The Seattle-based investment firm and creator of the Russell 1000, Russell 2000 and Russell 3000, respectively large, small and mid-cap indexes, is recognized as a leader in the trend toward index and exchange traded fund investing.
It is placing Inphi in both its Russell 2000 and 3000 indexes as well as its Russell Global stock index. That means more mutual funds and EFTs will own Inphi, but it also means Inphi is coming into its own as a key indicator of the health of the chip business.