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Standard & Poor's Announces Changes to U.S. Indices
NEW YORK, June 6 /PRNewswire/ -- Standard & Poor's will make the following
changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
* Western Digital Corp. (NYSE:WDC) will replace Caesars Entertainment
Inc. (NYSE:CZR) in the S&P MidCap 400 after the close of trading on
Monday, June 13. Caesars is being acquired by S&P 500 constituent
Harrah's Entertainment Inc. (NYSE:HET) in a deal expected to close on
or about that date, subject to final approval.
* SS&C Technologies Inc. (NASD: SSNC) will replace Concord Communications
Inc. (NASD: CCRD) in the S&P SmallCap 600 after the close of trading on
a date to be announced. Concord is being acquired by S&P 500
constituent Computer Associates International Inc. (NYSE:CA) in a deal
still pending final approvals.
Standard & Poor's will monitor these transactions, and post any relevant
updates on its website: http://www.standardandpoors.com/.
Western Digital designs and manufactures hard disk drives for personal
computing. Headquartered in Lake Forest, CA, the company will be added to the
S&P MidCap 400 GICS (Global Industry Classification Standard) Computer Storage
& Peripherals Sub-Industry Index.
SS&C Technologies provides software, business process outsourcing services and
application service provider solutions to the financial services industry.
Headquartered in Windsor, CT, the company will be added to the S&P SmallCap 600
GICS Application Software Sub-Industry Index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX - June 13, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Western Digital Information Technology Computer Storage
& Peripherals
DELETED Caesars Entertainment Consumer Discretionary Casinos & Gaming
S&P SMALLCAP 600 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED SS&C Technologies Information Technology Application
Software
DELETED Concord Information Technology Application
Communications Software
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 6,000 employees in
21 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
280 offices in 37 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/