Standard & Poor's Announces Changes to U.S. Indices
January 25 2006 - 6:14PM
PR Newswire (US)
NEW YORK, Jan. 25 /PRNewswire/ -- Standard & Poor's will make
the following changes to the S&P 500, S&P MidCap 400 and
S&P SmallCap 600 indices: * VeriSign Inc. (NASDAQ:VRSN) will
replace Reebok International Ltd. (NYSE:RBK) in the S&P 500
after the close of trading on Tuesday, January 31. Reebok is being
acquired by S&P Global 1200 constituent Adidas-Salomon AG in a
deal that is expected to close on or about that date. * S&P
MidCap 400 constituent Harman International Industries Inc.
(NYSE:HAR) will replace Siebel Systems Inc. (NASDAQ:SEBL) in the
S&P 500 after the close of trading on a date to be announced.
Siebel is being acquired by S&P 500 constituent Oracle Corp.
(NASDAQ:ORCL) in a deal that is pending final approval. S&P
SmallCap 600 constituent MDC Holdings Inc. (NYSE:MDC) will replace
Harman in the S&P MidCap 400, and Diodes Inc. (NASDAQ:DIOD)
will replace MDC in the S&P SmallCap 600. * Harbor Florida
Bancshares Inc. (NASDAQ:HARB) will replace Hudson United Bancorp
(NYSE:HU) in the S&P SmallCap 600 after the close of trading on
Tuesday, January 31. Hudson United is being acquired by a
majority-owned subsidiary of S&P Global 1200 constituent
Toronto- Dominion Bank in a deal that is anticipated to close on or
about that date. Standard & Poor's will monitor these
transactions, and post any relevant updates on its website:
http://www.standardandpoors.com/ VeriSign provides infrastructure
services that enable secure digital communications and commerce.
Headquartered in Mountain View, CA, the company will be added to
the S&P 500 GICS Internet Software & Services Sub-Industry
index. Harman International Industries manufactures and markets
high-fidelity audio products and electronic systems for the
automotive, consumer and professional markets. Headquartered in
Washington, D.C., the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Consumer Electronics
Sub-Industry index. MDC Holdings builds and sells homes, mostly to
entry-level and move-up buyers. Headquartered in Denver, CO, the
company will be added to the S&P MidCap 400 GICS Homebuilding
Sub-Industry index. Diodes manufactures discrete semiconductor
products for the communications, computing, industrial, consumer
electronics and automotive markets. Headquartered in Westlake
Village, CA, the company will be added to the S&P SmallCap 600
GICS Semiconductors Sub-Industry index. Harbor Florida Bancshares
provides a range of banking services to an 8- county area of East
Central Florida. Headquartered in Fort Pierce, FL, the company will
be added to the S&P SmallCap 600 GICS Thrifts & Mortgage
Finance Sub-Industry index. Following is a summary of the changes:
S&P 500 INDEX - January 31, 2006 COMPANY GICS ECONOMIC SECTOR
GICS SUB-INDUSTRY ADDED VeriSign Information Technology Internet
Software & Services DELETED Reebok Consumer Discretionary
Footwear S&P 500 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS
SUB-INDUSTRY ADDED Harman International Consumer Discretionary
Consumer Electronics DELETED Siebel Systems Information Technology
Application Software S&P MIDCAP 400 INDEX - TBA COMPANY GICS
ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED MDC Holdings Consumer
Discretionary Homebuilding DELETED Harman International Consumer
Discretionary Consumer Electronics S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Diodes
Information Technology Semiconductors DELETED MDC Holdings Consumer
Discretionary Homebuilding S&P SMALLCAP 600 INDEX - January 31,
2006 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Harbor
Florida Financials Thrifts & Mortgage Finance DELETED Hudson
United Financials Regional Banks 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
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through leading brands such as Standard & Poor's, McGraw-Hill
Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 290 offices in 38 countries. Sales in
2005 were $6.0 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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