PWAV to be added to S&P 400 midcap index 3/31/2000
biz.yahoo.com
Monday March 27, 6:04 pm Eastern Time
Company Press Release
SOURCE: Standard & Poor's
Standard & Poor's Announces Changes in S&P Indices
NEW YORK, March 27 /PRNewswire/ -- Standard & Poor's will make the following changes in the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 Indices:
-- Linear Technology Corp. (Nasdaq: LLTC - news), an S&P MidCap 400 component,
and Pharmacia Corp. (NYSE: PHA - news), will replace Monsanto Company
(NYSE: MTC - news) and Phamacia & Upjohn (NYSE: PNU - news) in the S&P 500 Index on
Friday, March 31, 2000. Pharmacia Corp. is the company formed by the
merger of Pharmacia & Upjohn and Monsanto Company. The transaction is
still subject to the approval by the European Union. S&P SmallCap 600
component, Powerwave Technologies (Nasdaq: PWAV - news) will replace Linear
Technology in the S&P MidCap 400 Index. StarTek Inc. (NYSE: SRT - news) will
replace Powerwave Technologies in the S&P SmallCap 600 Index.
Pharmacia Corp. and Morgan Stanley, Dean Witter & Co. (NYSE: MWD - news) will
replace Pharmacia & Upjohn and Monsanto Company in the S&P 100 Index.
All companies in the S&P 100 are also in the S&P 500.
Powerwave Technologies designs, manufactures and markets ultra-linear radio frequency power amplifiers for use in the wireless communications market. The company, headquartered in Irvine, California, will be added to the S&P MidCap 400 Telecommunications (Cellular/Wireless) industry group. |
