Standard & Poor's Announces Changes to U.S. Indices
March 09 2006 - 5:56PM
PR Newswire (US)
NEW YORK, March 9 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P MidCap 400 and S&P
SmallCap 600 indices: -- Lincoln Electric Holdings Inc. (NASD:LECO)
will replace Anteon International Corp. (NYSE:ANT) in the S&P
MidCap 400 after the close of trading on a date to be announced.
Anteon is being acquired by S&P 100 and S&P 500 constituent
General Dynamics Corp. (NYSE:GD) in a deal still pending final
approval. -- Neoware Inc. (NASD:NWRE) will replace Movie Gallery
Inc. (NASD:MOVI) in the S&P SmallCap 600 after the close of
trading on Monday, March 13. As of the close of trading on
Thursday, March 9, Movie Gallery had a float-adjusted market
capitalization of approximately $53 million, ranking 599th in the
index. Standard & Poor's will monitor these transactions, and
post any relevant updates on its website:
http://www.standardandpoors.com/. Lincoln Electric manufactures arc
welding products, robotic welding systems, plasma and oxyfuel
cutting equipment. Headquartered in Cleveland, OH, the company will
be added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Industrial Machinery Sub-Industry index.
Neoware provides software, services and solutions to enable thin
client computing, an alternative computing architecture for
business customers. Headquartered in King of Prussia, PA, the
company will be added to the S&P SmallCap 600 GICS (Global
Industry Classification Standard) Computer Hardware Sub-Industry
index. Following is a summary of the changes: S&P MIDCAP 400
INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED
Lincoln Electric Industrials Industrial Machinery DELETED Anteon
Information Technology IT Consulting & Other Services S&P
SMALLCAP 600 INDEX - March 13, 2006 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED Neoware Inc. Information Technology
Computer Hardware DELETED Movie Gallery Inc. Consumer Discretionary
Specialty Stores 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 and data. With
approximately 6,300 employees located in 20 countries and markets,
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/. About The McGraw-Hill Companies
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, McGraw-Hill
Education and BusinessWeek. The Corporation has more than 300
offices in 40 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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