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

Share Name	Share Symbol	Market	Type
Pinnacle Systems (MM)	NASDAQ:PCLE	NASDAQ	Common Stock

Pinnacle Systems (NASDAQ:PCLE)
Historical Stock Chart

From Jun 2019 to Jun 2024

Click Here for more Pinnacle Systems Charts.

NEW YORK, Aug. 4 /PRNewswire-FirstCall/ -- Standard & Poor's will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices: * S&P MidCap 400 constituent Murphy Oil Corp. (NYSE:MUR) will replace Nextel Communications Inc. (NASD: NXTL) in the S&P 500 on a date to be announced. Nextel is being acquired by S&P 500 constituent Sprint Corp. (NYSE:FON) in a deal that is pending final approvals. Sprint will replace Nextel in the S&P 100, and MEMC Electronic Materials Inc. (NYSE:WFR) will replace Murphy Oil in the S&P MidCap 400. * S&P MidCap 400 constituent Tyson Foods Inc. (NYSE:TSN) will replace Unocal Corp. (NYSE:UCL) in the S&P 500 on a date to be announced. Unocal is being acquired by S&P 500 constituent Chevron Corp. (NYSE: NYSE:CVX)in a deal that is pending final approvals. Polo Ralph Lauren Corp. (NYSE:RL) will replace Tyson Foods in the S&P MidCap 400. * Red Robin Gourmet Burgers Inc. (NASD: RRGB) will replace Pinnacle Systems (NASD: PCLE) in the S&P SmallCap 600 after the close of trading on August 9. Pinnacle Systems is being acquired by S&P SmallCap 600 constituent Avid Technology Inc. (NASD: AVID) in a deal expected to close on or about that date, pending final approvals. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. Murphy Oil has exploration, production, refining and marketing interests in the U.S. and worldwide. Headquartered in El Dorado, AR, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Integrated Oil & Gas Sub-Industry Index. Tyson supplies beef, chicken and pork products. Headquartered in Springdale, AR, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Packaged Foods & Meats Sub-Industry Index. MEMC Electronic Materials produces silicon wafers used to manufacture semiconductors that are employed in microelectronic applications. Headquartered in St. Peter's, MO, the company will be added to the S&P MidCap 400 GICS Semiconductor Equipment Sub-Industry Index. Polo Ralph Lauren designs, markets and distributes men's and women's clothing and other lifestyle products. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Apparel, Accessories & Luxury Goods Sub-Industry Index. Red Robin Gourmet Burgers owns and franchises approximately 275 casual dining establishments. Headquartered in Greenwood Village, CO, the company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry Index. Following is a summary of the changes: S&P 500 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Murphy Oil Energy Integrated Oil & Gas Tyson Foods Consumer Staples Packaged Foods & Meats DELETED Nextel Telecommunication Wireless Communications Services Telecommunication Services Unocal Energy Oil & Gas Exploration & Production S&P 100 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Sprint Telecommunication Integrated Services Telecommunication Services DELETED Nextel Telecommunication Wireless Communications Services Telecommunication Services S&P MIDCAP 400 INDEX - TBA COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED MEMC Electronic Information Semiconductor Materials Technology Equipment Polo Ralph Consumer Apparel, Accessories Lauren Discretionary & Luxury Goods DELETED Murphy Oil Energy Integrated Oil & Gas Tyson Foods Consumer Staples Packaged Foods & Meats S&P SMALLCAP 600 INDEX - August 9, 2005 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Red Robin Consumer Restaurants Gourmet Burgers Discretionary DELETED Pinnacle Information Computer Hardware Systems Technology 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 6,500 employees located in 22 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 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 +1-212-438-3907 Web site: http://www.standardandpoors.com/ http://www.mcgraw-hill.com/

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

PCLE Pinnacle Systems (MM)