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Standard & Poor's Announces Changes to S&P SmallCap 600 Index
NEW YORK, Dec. 29 /PRNewswire/ -- Standard & Poor's will make the following
changes in the S&P SmallCap 600 Index:
* Footstar Inc. (NYSE:FTS) will be removed from the Index after the
close of trading this evening. The New York Stock Exchange has
suspended trading in Footstar's stock, pending the completion of
formal delisting procedures, due to the company's failure to file its
financial statements on a timely basis, as well as uncertainty
regarding the company's restatement of earnings from 1997 through
2002. Tonight's closing Index value will be calculated using
Footstar's closing value on the NASDAQ OTC Bulletin Board, where it is
now listed under the ticker symbol FTST. Intrado Inc. (NASDAQ:TRDO)
will be added to the Index after close of trading tomorrow,
December 30.
* Piper Jaffray Companies (NYSE:PJCNYSE:wi) will replace Metro One
Telecommunications Inc. (NASDAQ:MTON) after the close of trading
Wednesday, December 31. S&P 500 constituent U.S. Bancorp (NYSE:USB)
is spinning off Piper Jaffray in a transaction anticipated to close on
that date. Metro One is being removed from the Index on account of
low market value. U.S. Bancorp will remain in the S&P 500.
Standard & Poor's will monitor these transactions, and post any relevant updates
on its website: http://www.standardandpoors.com/.
Piper Jaffray Cos. is a securities firm that provides financial advice,
investment products and transaction execution to the financial services
marketplace. The company, headquartered in Minneapolis, MN, will be added to
the S&P SmallCap 600 GICS (Global Industry Classification Standard) Investment
Banking & Brokerage sub-industry.
Intrado Inc. supports 9-1-1 emergency response infrastructure for both wireline
and wireless networks, as well as public safety organizations. The company,
headquartered in Longmont, CO, will be added to the S&P SmallCap 600 GICS Data
Processing & Outsourced Services sub-industry.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - December 29, 2003
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
DELETED Footstar Inc. Consumer Discretionary Apparel Retail
S&P SMALLCAP 600 INDEX - December 30, 2003
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Intrado Inc. Information Technology Data Processing &
Outsourced Services
S&P SMALLCAP 600 INDEX - December 31, 2003
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Piper Jaffray Cos. Financials Investment Banking
& Brokerage
DELETED Metro One Telecommunication Wireless
Telecommunications Services Telecommunication
Services
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.
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 5000 employees
located in 20 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 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 320
offices in 34 countries. Sales in 2002 were $4.8 billion. Additional information
is available at http://www.mcgraw-hill.com/.
DATASOURCE: Standard & Poor's
CONTACT: David Blitzer
Managing Director, Quantitative Services
(212) 438-3907
Web site: http://www.standardandpoors.com/
http://www.mcgraw-hill.com/