To: Diamond Jim who wrote (9609 ) 11/30/1999 8:04:00 PM From: Spytrdr Respond to of 13953
Yahoo! Inc. Added to S&P 500 Index /FROM PR NEWSWIRE NEW YORK 800-776-8090/ TO BUSINESS EDITOR: Yahoo! Inc. Added to S&P 500 Index NEW YORK, Nov. 30 /PRNewswire/ -- Standard & Poor's will replace Laidlaw Inc. (NYSE: LDW) in the S&P 500 Index with Yahoo! Inc. (Nasdaq: YHOO) after the close of trading on Tuesday, December 7, 1999. Laidlaw is being removed for lack of representation. Yahoo! Inc. is a global Internet Media company that offers a branded network of comprehensive information, communication and shopping services to millions of users. The company, headquartered in Santa Clara, California, will be added to the S&P 500 Computers (Software & Services) industry group. Following is a summary of the announced changes: S&P 500 INDEX -- December 7, 1999 COMPANY ECONOMIC SECTOR INDUSTRY GROUP ADDED Yahoo! Inc. Technology Computers (Software & Services) DROPPED Laidlaw Inc. Consumer Services Cyclicals (Commercial & Consumer) Standard & Poor's, a division of The McGraw-Hill Companies, Inc., provides financial, economic and investment information and analytical services to the global financial community. S&P calculates and maintains the S&P Global 1200 Index, which includes the S&P Euro and Euro Plus for Continental Europe, the S&P/TSE 60 for Canada, the S&P 500 for the U.S., the S&P/TOPIX 150 for Japan, the S&P Asia Pacific 100, the Latin America 40 and the United Kingdom 150. S&P also publishes the S&P MidCap 400, S&P SmallCap 600, S&P SuperComposite 1500 and S&P REIT Composite for the U.S. and the S&P/TSE Canadian MidCap and S&P/TSE Canadian SmallCap Indices. Over $750 billion is indexed to S&P indices. Founded in 1888, The McGraw-Hill Companies is a leading information services provider meeting worldwide needs in education, business, finance, the professions and government. The corporation employs 16,500 people located in more than 400 offices in 32 countries. Sales in 1998 were $3.7 billion. 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. SOURCE Standard & Poor's /CONTACT: David Blitzer, V.P. & Chief Economist, 212-438-3907, or CarolLevine, Communications Manager, Index Services, 212-438-3534, both of Standard& Poor's/ /Web site: spglobal.com Nov-30-1999 19:58 GMT Symbols: US;YHOO US;LDW Source PRN PR NewsWire Categories: NWR/NY NWI/FIN NWI/MLM