Electronics Boutique (NASDAQ:ELBO)
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NEW YORK, Oct. 4 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
* Ingram Micro Inc. (NYSE:IM) will replace Neiman-Marcus Group Inc.
(NYSE:NMG.A) in the S&P MidCap 400 after the close of trading on
Thursday, October 6. Neiman-Marcus is being acquired by a private
equity consortium in a transaction expected to close on or about that
date.
* GameStop Corp. (NYSE:GME) will replace Keane Inc. (NYSE:KEA) in the
S&P MidCap 400, Keane will replace GameStop (NYSE:GME.B) in the S&P
SmallCap 600, and Laserscope (NASD: LSCP) will replace Electronics
Boutique Holdings Corp. (NASD: ELBO) in the S&P SmallCap 600 after the
close of trading on Friday, October 7. GameStop is acquiring fellow S&P
SmallCap 600 constituent Electronics Boutique in a deal expected to
close before the market open on Monday, October 10.
(Please note that GameStop's price in the SmallCap is currently based on
its Class B shares, while the Class A shares will determine its price in
the MidCap.)
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/.
Ingram Micro is a wholesale provider of technology products and supply chain management services. Headquartered in Santa Ana, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Technology Distributors Sub-Industry Index.
GameStop is a video game and PC entertainment software specialty retailer. Headquartered in Grapevine, TX, the company will be added to the S&P MidCap 400 GICS Computer & Electronics Retail Sub-Industry Index.
Keane provides information technology and business process services. Headquartered in Boston, MA, the company will be added to the S&P SmallCap 600 GICS IT Consulting & Other Services Sub-Industry Index.
Laserscope specializes in surgical, dermatologic and therapeutic laser systems and related surgical instrumentation, as well as disposable supplies and accessories. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Health Care Equipment Sub-Industry Index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - October 6, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Ingram Micro Information Technology Technology Distributors
DELETED Neiman-Marcus Consumer Discretionary Department Stores
S&P MIDCAP 400 INDEX - October 7, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED GameStop Consumer Discretionary Computer & Electronics Retail
DELETED Keane Information Technology IT Consulting & Other Svcs.
S&P SMALLCAP 600 INDEX - October 7, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Keane Information Technology IT Consulting & Other Svcs.
Laserscope Health Care Health Care Equipment
DELETED GameStop Consumer Discretionary Computer & Electronics
Retail
Electronics Consumer Discretionary Computer & Electronics
Boutique Retail
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
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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/