Standard & Poor's Announces Changes In S&P SmallCap 600 Index
WEDNESDAY, NOVEMBER 1, 2000 5:37:00 PM EST
NEW YORK, Nov 1, 2000 (BUSINESS WIRE) -- Standard & Poor's will make the following changes in the S&P SmallCap 600 Index:
-- Keithley Instruments KEI will replace Dura
Pharmaceuticals DURA after the close of trading on
Thursday, November 9, 2000. Elan Corp. (NYSE:ELN - not in an
S&P Index) is acquiring Dura Pharmaceuticals in a transaction
anticipated to close on that date. The transaction is still
subject to shareholder approval.
-- PCTEL Inc. PCTI will replace Epicor Software
EPIC after the close of trading on Thursday, November
2, 2000. Epicor Software is being removed for lack of
representation.
Keithley Instruments, Inc. provides electrical measurement solutions to the telecommunications, semiconductor, optoelectronics and other electronic components industries. The company, headquartered in Cleveland, OH, will be added to the S&P SmallCap 600 Electronics (Instrumentation) industry group.
PCTEL Inc. is a developer and supplier of software-based connectivity solutions that enable high speed Internet access and other communications applications. The company, headquartered in Milpitas, CA, will be added to the S&P SmallCap 600 Computers (Software & Services) industry group.
Following is a summary of the announced changes:
S&P SMALLCAP 600 INDEX--November 9, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Keithley Instruments Technology Electronics
(Instrumentation)
DROPPED Dura Pharmaceuticals Health Care Health Care
(Drugs-Generic & Other)
S&P SMALLCAP 600 INDEX--November 2, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED PCTEL Inc. Technology Computers
(Software & Services)
DROPPED Epicor Software Technology Computers
(Software & Services)
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Standard & Poor's, a division of The McGraw-Hill Companies MHP, provides independent financial information, analytical services, and credit ratings to the world's financial markets. Among the company's many products are the S&P Global 1200, the world's first global, equity, real time index; the S&P 500, the premier U.S. portfolio index; and credit ratings on more than 220,000 securities and funds worldwide. With more than 5,000 employees located in 21 countries, Standard & Poor's is an integral part of the global financial infrastructure.
CONTACT: Standard & Poor's, New York
David Blitzer
Managing Director, Quantitative Services
Chief Investment Strategist
212/438-3907
OR
Carol Levine
Communications Manager, Index Services
212/438-3534
www.spglobal.com
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