Hello, anyone out there? I assume this is why stock is moving today....
Pericom Semiconductor Added to S&P SmallCap 600 Index
NEW YORK, Sept. 29 /PRNewswire/ -- Standard & Poor's will replace Wesley Jessen VisionCare (Nasdaq: WJCO) in the S&P SmallCap 600 Index with Pericom Semiconductor (Nasdaq: PSEM) after the close of trading on Monday, October 2, 2000. Ciba Vision Corp., a unit of S&P Global 1200 component Novartis AG (NYSE: NVS), is acquiring Wesley Jessen VisionCare via a tender offer that is anticipated to expire on that date, unless extended.
Pericom Semiconductor designs, develops, and markets high-performance interface integrated circuits for the transfer, routing, and timing of high-speed digital and analog signals within and between computer, networking, and multimedia systems. The company, headquartered in San Jose, CA, will be added to the S&P SmallCap 600 Electronics (Semiconductors) industry group.
Following is a summary of the announced changes:
S&P SMALLCAP 600 INDEX- October 2, 2000
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Pericom Semiconductor Technology Electronics
(Semiconductors)
DROPPED Wesley Jessen Health Care Health Care
VisionCare (Med. Prod. & Supplies)
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 (NYSE: 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.
SOURCE Standard & Poor's
CO: Standard & Poor's; Wesley Jessen VisionCare; Pericom Semiconductor; Ciba Vision Corp.; Novartis AG; The McGraw-Hill Companies
ST: New York
IN: FIN
SU:
09/29/2000 17:48 EDT prnewswire.com |
