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Technology Stocks : Concord Communications Inc (CCRD)
CCRD 23.60-3.0%Oct 30 9:30 AM EDT
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To: K. Bloomquist who wrote (13)6/9/1998 11:46:00 PM
From: mark rose   of 84
 
From Briefing.com:

"If you own a stock with market capitalization of around $215 to $250 million dollars, watch your stock closely over the
next week. You may be in for a surprise, especially on Monday, June 15.

Why? The Russell 3000r and Russell 2000r indexes are being rebalanced as we speak. The Russell Indexes are
determined by market data as of the close on May 31, each year. For the next two weeks, the firm runs it proprietary
calculations (basically market capitalization with some adjustments).

After the market close on Friday, June 12, the preliminary list of the new components of the index will be
published. Any stock which gets dropped from the index is likely to have a short-term sharp drop in value. Any stock which
gets added is likely to have a short-term pop in price. The list is finalized on July 1.

... look up your stock's current market capitalization. Last year the smallest company on the list (the 3000th company) was Santa Cruz Operation, at $171.7 million in market capitalization. We expect this year's cut-off to be around $225 million, if not higher.

If your stock WAS NOT in the Russell 2000 last year, and the current market capitalization is between $220 and $270 million or higher, and the stock price is larger than $1.00, your stock stands a good chance to be added to the index."

Within the last week CCRD approx mkt cap: $285 million
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