Standard & Poor's Announces Changes to U.S. Indices
25 Juillet 2008 - 12:34AM
PR Newswire (US)
NEW YORK, July 24 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 100, S&P 500, MidCap 400
and S&P SmallCap 600 indices: - S&P 500 constituent
Qualcomm Inc. (NASDAQ:QCOM) will replace Clear Channel
Communications Inc. (NYSE:CCU) in the S&P 100, and DaVita Inc.
(NYSE: DVA) will replace Clear Channel in the S&P 500 after the
close of trading on Wednesday, July 30. Clear Channel is being
taken private in a transaction expected to close on or about that
date, pending final approvals. - S&P SmallCap 600 constituent
ANSYS Inc. (NASDAQ:ANSS) will replace TriQuint Semiconductor Inc.
(NASDAQ:TQNT) in the S&P MidCap 400, TriQuint will replace
ANSYS in the S&P SmallCap 600, and Eclipsys Corp. (NASDAQ:ECLP)
will replace Ansoft Corp. (NASDAQ:ANST) in the S&P SmallCap 600
after the close of trading on Thursday, July 31. Ansoft is being
acquired by ANSYS in a transaction expected to close on or about
that date. Eclipsys was previously announced as a replacement for
S&P SmallCap 600 constituent W-H Energy Services Inc.
(NYSE:WHQ), which is in the process of being acquired by S&P
500 constituent Smith International Inc. (NYSE:SII). A new
replacement for W-H Energy will be announced at a later date. -
John Bean Technologies Corp. (NYSE:JBTwi) will replace Planar
Systems Inc. (NASDAQ:PLNR) in the S&P SmallCap 600 after the
close of trading on Thursday, July 31. John Bean Technologies is
being spun off by S&P MidCap 400 constituent FMC Technologies
Inc. (NYSE:FTI) in a transaction expected to close on that date. As
of today's close of trading Planar Systems had a market
capitalization of approximately $50 million, whereas the minimum
market cap a company must maintain in order to be eligible for
addition to the index is $300 million. Standard & Poor's will
monitor these transactions, and post any relevant updates on its
website: http://www.standardandpoors.com/. Headquartered in San
Diego, CA, Qualcomm focuses on developing products and services
based on its advanced wireless broadband technology. DaVita
provides integrated dialysis services for patients suffering from
chronic kidney failure. Headquartered in El Segundo, CA, the
company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Health Care Services Sub-Industry index.
ANSYS develops, markets and supports software solutions for design
analysis and optimization. Headquartered in Canonsburg, PA, the
company will be added to the S&P MidCap 400 GICS Application
Software Sub-Industry index. TriQuint Semiconductor supplies high
performance gallium arsenide integrated circuits. Headquartered in
Hillsboro, OR, the company will be added to the S&P SmallCap
600 GICS Semiconductors Sub-Industry index. Eclipsys provides
advanced clinical, financial and management information software
and service solutions to health care facilities. Headquartered in
Atlanta, GA, the company will be added to the S&P SmallCap 600
GICS Health Care Technology Sub-Industry index. John Bean
Technologies offers systems and products for customers through
their JBT FoodTech and JBT AeroTech segments. Headquartered in
Chicago, IL, the company will be added to the S&P SmallCap 600
GICS Industrial Machinery Sub-Industry index. Following is a
summary of the changes: S&P 100 INDEX - July 30, 2008 COMPANY
GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Qualcomm Information
Technology Communications Equipment DELETED Clear Channel Consumer
Discretionary Broadcasting & Cable TV S&P 500 INDEX - July
30, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
DaVita Health Care Health Care Services DELETED Clear Channel
Consumer Discretionary Broadcasting & Cable TV S&P MIDCAP
400 INDEX - July 31, 2008 COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED ANSYS Information Technology Application
Software DELETED TriQuint Semiconductor Information Technology
Semiconductors S&P SMALLCAP 600 INDEX - July 31, 2008 COMPANY
GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED TriQuint Semiconductor
Information Technology Semiconductors Eclipsys Health Care Health
Care Technology John Bean Technologies Industrials Industrial
Machinery DELETED ANSYS Information Technology Application Software
Ansoft Information Technology Application Software Planar Systems
Information Technology Electronic Equipment Manufacturers 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 Index Services Standard
& Poor's Index Services, the world's leading index provider,
maintains a wide variety of investable and benchmark indices to
meet an array of investor needs. Its family of indices includes the
S&P 500, an index with $1.5 trillion invested and $4.85
trillion benchmarked, and the S&P Global 1200, a composite
index comprised of seven regional and country headline indices. For
more information, please visit
http://www.standardandpoors.com/indices. About Standard &
Poor's Standard & Poor's, a division of The McGraw-Hill
Companies (NYSE:MHP), is the world's foremost provider of financial
market intelligence, including independent credit ratings, indices,
risk evaluation, investment research and data. With approximately
8,500 employees, including wholly owned affiliates, located 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/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman
of the Index Committee, +1-212-438-3907 Web Site:
http://www.standardandpoors.com/
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