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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: Guy Gadois who wrote (23171)7/3/1999 11:12:00 AM
From: Alan Bershtein  Read Replies (1) | Respond to of 29386
 
The recent rise in ANCR has been due to a confluence of many factors. Included in these is the pending addition to the Russell index.

With this in mind, I would like to call attention to other similar indices. For example, the S&P Small Cap 600. Here are the stats on the S&P Small Cap 600...

spglobal.com

S&P SmallCap 600 Statistics
--------------------------------------------------------------------------------

Total Market Value ($ Billion) 357
Mean Market Value ($ Million) 595
Median Market Value ($ Million) 483
Weighted Ave. Market Value ($ Million) 906
Largest Cos. Market Value ($ Million) 2,646
Smallest Cos. Market Value ($ Million) 45
Median Share Price ($) 21.219
P/E Ratio 35.81
Dividend Yield (%) 0.77

ANCR currently has a market cap of 829.3 million. If ANCR can maintain/grow her market cap, we can look forward to ANCR being added to, among others, the S&P Small Cap 600.

Additions to various indices means more buys from index funds.

I offer this only to add an item to the growing list of pent up good news.