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Technology Stocks : Broadcom (BRCM)

BRCM 54.67

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Feb 9 4:00 PM EST

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To: Brian Malloy who wrote (3964)	6/20/2000 2:17:00 AM
From: DOUG H	Read Replies (1) of 6531

Broadcom Corporation Added To S&P 500 Index Business Wire - June 19, 2000 18:10 NEW YORK--(BUSINESS WIRE)--June 19, 2000--Standard & Poor's will replace GTE Corp. (NYSE:GTE) in the S&P 500 Index with Broadcom Corporation (NASDAQ:BRCM) after the close of trading on a date to be announced. S&P 500 component Bell Atlantic is acquiring GTE Corp. Bell Atlantic will spin-off GTE's Internet unit, Genuity, coinciding with the completion of the merger. Broadcom Corporation is a provider of highly integrated silicon solutions that enable broadband digital transmission of voice, video and data to and throughout the home and within the business enterprise. The company, headquartered in Irvine, California, will be added to the S&P 500 Equipment (Semiconductors) industry group. Following is a summary of the announced changes: S&P 500 INDEX--TBA COMPANY ECONOMIC SECTOR INDUSTRY GROUP ADDED Broadcom Corporation Technology Equipment (Semiconductors) DROPPED GTE Corp. Communication Telephone Services

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