CMVT transferred from S&P SmallCap 600 index to MidCap 400 index.
(I hadn't seen this old news posted anywhere.) Here's the URL:
news.com
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Separately, Comverse Technology (CMVT) will be transferred from
the S&P SmallCap 600 Index to the S&P MidCap 400 Index on April 30
where it will replace Vencor Inc. (VC). Vencor will split into two
companies, one of which expects to become a real estate investment
trust ("REIT"). INCYTE Pharmaceuticals (INCY) will replace Comverse
Technology in the S&P SmallCap 600 Index.
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Comverse Technology designs, develops, manufactures and markets
computer and telecommunications systems for a variety of
communications and information processing applications. The company,
headquartered in Woodbury, New York, will be added to the S&P MidCap
400 Communications Equipment industry group.
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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
Equity 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
S&P 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. |
