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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: Gordon Quickstad who wrote (12967)7/9/1999 9:36:00 AM
From: John Curtis   of 27311
 
Gordon: Thanks for the heads up on the S&P 600. And in the interests of "perfect clarity"(whatever THAT means on this thread), here's the 6 criteria by which companies are added:

spglobal.com

General Guidelines for Adding Stocks to the S&P Indices

1. Market Value: S&P Indices are market-value weighted.

2. Industry Group Classification: Companies selected for the S&P Indices represent
a broad range of industry segments within the U.S.economy.

3. Capitalization: Ownership of a company's outstanding common shares is carefully
analyzed in order to screen out closely-held companies.

4. Trading Activity: The trading volume of a company's stock is analyzed on a daily,
monthly, and annual basis to ensure ample liquidity and efficient share pricing.

5. Fundamental Analysis: Both the financial and operating condition of a company
are rigorously analyzed. The goal is to add companies to the Indices that are
relatively stable and will keep turnover low.

6. Emerging Industries: Companies in emerging industries and/or new industry
groups-industry groups currently not represented in the Indices-are candidates as
long as they meet the guidelines listed above.

--------

Additionally, regarding all the drivel that's occurred lately, I think Fred summarized it best with his comment of, "It's obvious that by responding, we have helped MGV fill the thread with subject matter
few have a taste for. Those looking here for useful information are less likely to look here again". And that is exactly the point of the drivel, eh?

My advice? Stop buying into it. The fine habit of ignoring the drivel producer(s) is the best you can hope to accomplish.

Now let's see how today unfolds...

John
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