CALPINE to be added to S&P 500 after close on 11/30/00
quote.bloomberg.com
Standard & Poor's Announces Changes in S&P Indices
Business Editors
NEW YORK--(BUSINESS WIRE)--Nov. 27, 2000--Standard & Poor's will make the following changes in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices:
-- S&P MidCap 400 component Calpine Corp. (NYSE:CPN) will replace
Florida Progress (NYSE:FPC) in the S&P 500 Index after the
close of trading on Thursday, November 30, 2000. S&P 500
component CP&L Energy, Inc. (NYSE:CPL) is acquiring Florida
Progress in a transaction anticipated to close on or about
that date. The transaction is still subject to regulatory
approval. S&P SmallCap 600 component KEMET Corp. (NYSE:KEM)
will replace Calpine Corp. in the S&P MidCap 400 Index. SCM
Microsystems (NASDAQ:SCMM) will replace KEMET Corp. in the S&P
SmallCap 600 Index.
-- International Fibercom (NASDAQ:IFCI) will replace Telxon Corp.
(NASDAQ:TLXN) in the S&P SmallCap 600 Index after the close of
trading on Thursday, November 30, 2000. S&P MidCap 400
component Symbol Technologies (NYSE:SBL) is acquiring Telxon
Corp. in a transaction anticipated to close on or about that
date. The transaction is still subject to shareholder
approval.
-- M&T Bank (NYSE:MTB) will be added to the S&P MidCap 400 Index
after the close of trading on Tuesday, November 28, 2000. MTB
will replace HSB Group Inc. (NYSE:HSB) which was removed from
the S&P MidCap 400 Index on Friday, November 24, 2000.
-- Emmis Communications (NASDAQ:EMMS) and Advanced Fibre
Communications (NASDAQ:AFCI) will replace Federal-Mogul
(NYSE:FMO) and MarchFirst Inc. (NASDAQ:MRCH) after the close
of trading on Tuesday, November 28, 2000. Both companies are
being removed for lack of representation.
-- Tom Brown (NASDAQ:TMBR) will replace Sunrise Medical
(NYSE:SMD) in the S&P SmallCap 600 Index after the close of
trading on Tuesday, November 28, 2000. Vestar Capital Partners
(an investment group) is acquiring Sunrise Medical via a
tender offer that is anticipated to expire on that date,
unless extended.
-- Radiant Systems (NASDAQ:RADS) will replace Masco Tech, Inc.
(NYSE:MSX) in the S&P SmallCap 600 Index after the close of
trading on Tuesday, November 28, 2000. Heartland Industrial
Partners (a private firm) is acquiring Radiant Systems in a
transaction anticipated to close on or about that date. The
transaction is still subject to shareholder approval.
-- Bell Microproducts (NASDAQ:BELM) will replace TALK.Com, Inc.
(NASDAQ:TALK) in the S&P SmallCap 600 Index after the close of
trading on Tuesday, November 28, 2000. TALK.Com is being
removed for lack of representation.
Calpine Corp. is an independent power company that is engaged in the development, acquisition, ownership and operation of power generation facilities and the sale of electricity predominantly in the United States. The company, headquartered in San Jose, California, will be added to the S&P 500 Power Producers (Independent).
KEMET Corp. is a manufacturer of solid tantalum capacitors and a manufacturer of multilayer ceramic capacitors. The company, headquartered in Simpsonville, South Carolina, will be added to the S&P MidCap 400 Electrical Equipment industry group.
SCM Microsystems designs, develops and sells hardware, software and silicon that enables secure access of digital content and services. The company, headquartered in Los Gatos, California, will be added to the S&P SmallCap 600 Computers (Software & Services) industry group.
International Fibercom is an end-to-end solutions provider serving the telecommunications industry. The company, headquartered in Phoenix, Arizona, will be added to the S&P SmallCap 600 Communications Equipment industry group.
M&T Bank is a bank holding company with two wholly owned bank subsidiaries, Manufacturers and Traders Trust Company and M&T Bank, National Association. The company, headquartered in Buffalo, New York, will be added to the S&P MidCap 400 Banks (Regional) industry group.
Emmis Communications is a diversified media company with radio broadcasting, television broadcasting and magazine publishing operations. The company, headquartered in Indianapolis, Indiana, will be added to the S&P MidCap 400 Broadcasting (Television, Radio & Cable) industry group.
Advanced Fibre Communications designs and manufactures end-to-end distributed multi-service access solutions for the portion of the telecommunications network between the carrier's central office and its subscribers. The company, headquartered in Petaluma, California, will be added to the S&P MidCap 400 Communications Equipment industry group.
Tom Brown is an independent energy company engaged in the domestic exploration for, and the acquisition, development, marketing, production and sale of, natural gas and crude oil. The company, headquartered in Denver, Colorado, will be added to the S&P SmallCap 600 Oil & Gas (Exploration & Production) industry group.
Radiant Systems offers fully integrated retail automation solutions including point of sale systems, consumer-activated ordering systems, back office management systems and headquarters-based management systems to the retail industry. The company, headquartered in Alpharetta, Georgia, will be added to the S&P SmallCap 600 Computers (Software & Services) industry group.
Bell Microproducts is a value-added provider of a wide range of high technology products, solutions, and services to the industrial and commercial marketplace. The company, headquartered in San Jose, California, will be added to the S&P SmallCap 600 Services (Computer Systems) industry group.
Following is a summary of the announced changes: -0-
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S&P 500 INDEX--November 30, 2000
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COMPANY ECONOMIC SECTOR INDUSTRY GROUP
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ADDED Calpine Corp. Utilities Power Producers
(Independent)
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DROPPED Florida Progress Utilities Electric Companies
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S&P MIDCAP 400 INDEX--November 30, 2000
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COMPANY ECONOMIC SECTOR INDUSTRY GROUP
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ADDED KEMET Corp. Capital Goods Electrical Equipment
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DROPPED Calpine Corp. Utilities Power Producers
(Independent)
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S&P SMALLCAP 600 INDEX--November 30, 2000
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COMPANY ECONOMIC SECTOR INDUSTRY GROUP
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ADDED SCM Microproducts Technology Computers
(Software & Services)
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International Technology Communications
Fibercom Equipment
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DROPPED KEMET Corp. Capital Goods Electrical Equipment
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Telxon Corp. Technology Computers (Hardware)
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S&P MIDCAP 400 INDEX--November 28, 2000
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COMPANY ECONOMIC SECTOR INDUSTRY GROUP
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ADDED M&T Bank Financials Banks (Regional)
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S&P MIDCAP 400 INDEX--November 28, 2000
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COMPANY ECONOMIC SECTOR INDUSTRY GROUP
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ADDED Emmis Communications Consumer Staples Broadcasting
(Television,
Radio & Cable)
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Advanced Fibre Technology Communications
Communications Equipment
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DROPPED Federal-Mogul Consumer Cyclicals Auto Parts & Equipment
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MarchFirst Inc. Technology Services
(Computer Systems)
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S&P SMALLCAP 600 INDEX--November 28, 2000
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COMPANY ECONOMIC SECTOR INDUSTRY GROUP
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ADDED Tom Brown Energy Oil & Gas (Exploration
& Production)
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Radiant Systems Technology Computers
(Software & Services)
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Bell Microproducts Technology Services
(Computer Systems)
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DROPPED Sunrise Medical Health Care Health Care (Medical
Products & Supplies)
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Masco Tech, Inc. Consumer Cyclicals Auto Parts & Equipment
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TALK.Com, Inc. Communications Telecommunications
Services (Long Distance)
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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. |
