More Info on BSN being replaced in S&P SmallCap 600 Index.
biz.yahoo.com
----------------------------------------------------------------------
Thursday January 8, 5:17 pm Eastern Time
Company Press Release
Inter-Tel, Inc., Polaris Industries Added to S&P SmallCap 600 Index
NEW YORK--(BUSINESS WIRE)--Jan. 8, 1998--Standard & Poor's Financial Information Services will replace Boston
Technology (BSN) and Tseng Labs (TSNG) in the S&P SmallCap 600 Index after the close of trading on Wednesday,
January 14, 1998, with Inter-Tel, Inc. (INTL) and Polaris Industries (PII). Boston Technology is being acquired by S&P
SmallCap 600 component Comverse Technology (CMVT) in a stock deal expected to close on that date. Shareholders for
both companies are scheduled to vote on the transaction on January 13, and the New York Stock Exchange expects to delist
Boston Technology prior to the opening on January 15. Tseng Labs had a market capitalization of $24.0 million at the close of
trading on January 7, ranking 600th in the S&P SmallCap 600 Index.
Inter-Tel, Inc., headquartered in Phoenix, is a full service provider of telephone systems, applications and services to
businesses requiring small to medium-size telephone system installations. The company will be added to the S&P SmallCap
600 Communications Equipment industry group.
Polaris Industries, Inc., headquartered in Minneapolis, manufactures personal watercraft, snowmobiles, and four-wheel all
terrain and sport-utility vehicles. The company will be added to the S&P SmallCap 600 Leisure Time (Products) industry
group.
Following is a summary of the announced changes:
S&P SMALLCAP 600 INDEX--JANUARY 14, 1998
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Inter-Tel, Inc. Technology Communications
Equipment
Polaris Consumer Leisure Time
Industries Cyclicals (Products)
DROPPED Boston Technology Communications
Technology Equipment
Tseng Labs Technology Electronics
(Semiconductors)
Standard & Poor's Financial Information Services, a division of The McGraw-Hill Companies, provides financial, economic,
and investment information, as well as analytical services, to the global financial community and commodity trading markets.
Standard & Poor's calculates and maintains the S&P 500, S&P MidCap 400, S&P SmallCap 600, and the S&P Super
Composite 1500 stock price indexes, which are widely considered key barometers of stock market activity and performance
benchmarks for professional money managers. Approximately $625 billion is currently indexed to the S&P Indexes, including
$600 billion indexed to the S&P 500, $20 billion indexed to the S&P MidCap 400, and $5 billion linked to the SmallCap 600.
Company additions to and deletions from the S&P equity indexes do not in any way reflect an opinion on the investment merits
of the company. |
