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Standard & Poor’s Announces Changes to U.S. Indices

2008-07-24 17:34:00

Standard & Poor’s Announces Changes to U.S. Indices

    NEW YORK, July 24 /EMWNews/ -- 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.





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Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

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