Standard & Poor's Announces Changes to U.S. Indices
07 Juin 2005 - 1:37AM
PR Newswire (US)
Standard & Poor's Announces Changes to U.S. Indices NEW YORK,
June 6 /PRNewswire/ -- Standard & Poor's will make the
following changes to the S&P MidCap 400 and S&P SmallCap
600 indices: * Western Digital Corp. (NYSE:WDC) will replace
Caesars Entertainment Inc. (NYSE:CZR) in the S&P MidCap 400
after the close of trading on Monday, June 13. Caesars is being
acquired by S&P 500 constituent Harrah's Entertainment Inc.
(NYSE:HET) in a deal expected to close on or about that date,
subject to final approval. * SS&C Technologies Inc. (NASD:
SSNC) will replace Concord Communications Inc. (NASD: CCRD) in the
S&P SmallCap 600 after the close of trading on a date to be
announced. Concord is being acquired by S&P 500 constituent
Computer Associates International Inc. (NYSE:CA) in a deal still
pending final approvals. Standard & Poor's will monitor these
transactions, and post any relevant updates on its website:
http://www.standardandpoors.com/. Western Digital designs and
manufactures hard disk drives for personal computing. Headquartered
in Lake Forest, CA, the company will be added to the S&P MidCap
400 GICS (Global Industry Classification Standard) Computer Storage
& Peripherals Sub-Industry Index. SS&C Technologies
provides software, business process outsourcing services and
application service provider solutions to the financial services
industry. Headquartered in Windsor, CT, the company will be added
to the S&P SmallCap 600 GICS Application Software Sub-Industry
Index. Following is a summary of the changes: S&P MIDCAP 400
INDEX - June 13, 2005 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Western Digital Information Technology Computer
Storage & Peripherals DELETED Caesars Entertainment Consumer
Discretionary Casinos & Gaming S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED SS&C
Technologies Information Technology Application Software DELETED
Concord Information Technology Application Communications Software
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
37 countries. Sales in 2004 were $5.3 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/
http://www.mcgraw-hill.com/
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