Standard & Poor's Announces Changes to S&P U.S. Indices
24 November 2004 - 10:29AM
PR Newswire (US)
Standard & Poor's Announces Changes to S&P U.S. Indices NEW
YORK, Nov. 23 /PRNewswire/ -- Standard & Poor's hereby
announces changes to the S&P MidCap 400 and S&P SmallCap
600 Indices. All company additions will be made at full market cap
weight. The changes are as follows: * Altiris Inc. (NASDAQ:ATRS)
will be added to the S&P SmallCap 600 after the close of
trading on Wednesday, November 24. Altiris is taking the place of
Netegrity Inc. (NASDAQ:NETE), which is being removed from the Index
after the close of trading this evening. Netegrity is being
acquired by S&P 500 constituent Computer Associates
International Inc. (NYSE:CA) in a deal that is expected to close
tonight. * S&P SmallCap 600 constituent Techne Corp.
(NASDAQ:TECH) will replace Advanced Fibre Communications Inc.
(NASDAQ:AFCI) in the S&P MidCap 400 after the close of trading
on Tuesday, November 30. Advanced Fibre is being acquired by
S&P 500 constituent Tellabs Inc. (NASDAQ:TLAB) in a deal
expected to close on or about that date, subject to final approval.
Sonic Automotive Inc. (NYSE:SAH) will replace Techne in the S&P
SmallCap 600. * LCA Vision Inc. (NASDAQ:LCAV) will replace NUI
Corp. (NYSE:NUI) in the S&P SmallCap 600 Index after the close
of trading on Tuesday, November 30. NUI Corp. is being acquired by
S&P MidCap 400 constituent AGL Resources Inc. (NYSE:ATG) in a
deal expected to close on or about that date, subject to final
approval. * Neenah Paper Inc. (NYSE:NPwi) will replace SCM
Microsystems Inc. (NASDAQ:SCMM) in the S&P SmallCap 600 after
the close of trading on Tuesday, November 30. Neenah Paper is being
spun off by S&P 500 constituent Kimberly Clark (NYSE:KMB). As
of close of trading on Monday, November 22, SCM Microsystems had a
market capitalization of roughly $54 million, ranking 600th in the
Index. Standard & Poor's will monitor these transactions, and
post any relevant updates on its website:
http://www.standardandpoors.com/. Altiris is a provider of software
products and services that enable organizations to manage IT assets
throughout their lifecycles. Headquartered in Lindon, UT, the
company will be added to the S&P SmallCap 600 GICS Application
Software Index. Techne Corp. is a specialty manufacturer and
distributor of biological products. Headquartered in Minneapolis,
MN, the company will be added to the S&P MidCap 400 GICS
Biotechnology Sub-Industry Index. Sonic Automotive is an automotive
retailer operating mainly in the U.S. Headquartered in Charlotte,
NC, the company will be added to the S&P SmallCap 600 GICS
Specialty Stores Sub-Industry Index. LCA Vision provides
value-priced laser vision correction services which help to remedy
nearsightedness, farsightedness and astigmatism. Headquartered in
Cincinnati, OH, the company will be added to the S&P SmallCap
600 GICS Health Care Facilities Sub-Industry Index. Neenah Paper
manufactures and distributes a range of premium and specialty paper
grades and bleached kraft pulp. Headquartered in Alpharetta, GA,
the company will be added to the S&P SmallCap 600 GICS Paper
Products Sub-Industry Index. Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - November 23, 2004 COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED Netegrity Inc.
Information Technology Internet Software & Services S&P
SMALLCAP 600 INDEX - November 24, 2004 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Altiris Inc. Information Technology
Application Software S&P MIDCAP 400 INDEX - November 30, 2004
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Techne Corp.
Health Care Biotechnology DELETED Advanced Fibre Information
Technology Communications Communications Equipment S&P SMALLCAP
600 INDEX - November 30, 2004 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Sonic Automotive Consumer Discretionary
Specialty Stores LCA Vision Health Care Health Care Facilities
Neenah Paper Materials Paper Products DELETED Techne Corp. Health
Care Biotechnology NUI Corp. Utilities Gas Utilities SCM
Microsystems Information Technology Communications Equipment
Additions to and deletions from an S&P equity index do not in
any way reflect an opinion on the investment merits of the
companies concerned. About Standard & Poor's Standard &
Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the
world's foremost provider of independent credit ratings, indices,
risk evaluation, investment research, data and valuations. With
6,000 employees in 21 countries, Standard & Poor's is an
essential part of the world's financial infrastructure, and has
played a leading role for more than 140 years in providing
investors with the independent benchmarks they need to feel more
confident about their investment and financial decisions. For more
information, visit http://www.standardandpoors.com/ . Founded in
1888, The McGraw-Hill Companies is a leading global information
services provider meeting worldwide needs in the financial
services, education and business information markets through
leading brands such as Standard & Poor's, BusinessWeek and
McGraw-Hill Education. The Corporation has more than 280 offices in
40 countries. Sales in 2003 were $4.8 billion. Additional
information is available at http://www.mcgraw-hill.com/ .
DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee (212)
438-3907 Web site: http://www.standardandpoors.com/
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