Brooktrout (NASDAQ:BRKT)
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NEW YORK, Oct. 17 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P SmallCap 600 after the close of trading on Thursday, October 20:
-- Open Solutions Inc. (NASD: OPEN) will replace Brooktrout Inc.
(NASD: BRKT). Brooktrout is being acquired by privately-held EAS
Group in a transaction expected to close on or about that date.
-- CNS Inc. (NASD: CNXS) will replace Milacron Inc. (NYSE:MZ). Milacron
has traded below $2.00 per share for more than five consecutive days.
-- Franklin Bank Corp. (NASD: FBTX) will replace Applica Inc.
(NYSE:APN). After the close of trading on October 17 Applica had a
market capitalization of approximately $43 million, ranking 600th in
the index.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/ .
Open Solutions provides an enterprise-wide suite of software and services that perform data processing and information management functions. Headquartered in Glastonbury, CT, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Application Software Sub-Industry Index.
CNS supplies consumer health care products. Headquartered in Minneapolis, MN, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry Index.
Franklin Bank is a Texas-based savings and loan holding company offering mortgage banking, commercial banking and community banking products. Headquartered in Houston, TX, 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 SMALLCAP 600 INDEX -- October 20, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Open Solutions Information Technology Application Software
DELETED Brooktrout Information Technology Communications Equipment
S&P SMALLCAP 600 INDEX -- October 20, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED CNS Health Care Pharmaceuticals
DELETED Milacron Industrials Industrial Machinery
S&P SMALLCAP 600 INDEX -- October 20, 2005
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Franklin Bank Financials Thrifts & Mortgage
Finance
DELETED Applica Consumer Discretionary Household Appliances
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/ .
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DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the
Index Committee of Standard & Poor's, +1-212-438-3907
Web site: http://www.standardandpoors.com/
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