To: mike machi who wrote (590 ) 5/25/2000 11:03:00 PM From: mike machi Read Replies (1) | Respond to of 57684
Standard & Poor's Announces Changes In S&P Indices NEW YORK, May 25, 2000 (BUSINESS WIRE) -- Standard & Poor's will make the following changes in the S&P 500 and S&P MidCap 400 Indices: -- Agilent Technologies (NYSE:A) will replace NACCO Industries (NYSE:NC) in the S&P 500 Index after the close of trading on Friday, June 2, 2000. S&P 500 component Hewlett-Packard (NYSE:HWP) is spinning off its 84% stake in Agilent Technologies to HWP shareholders in a transaction scheduled for that date. NACCO Industries is being removed for lack of representation. -- S&P MidCap 400 component Sanmina Corp. (NASDAQ:SANM) will replace Warner-Lambert (NYSE:WLA) in the S&P 500 Index on a date to be announced. S&P 500 component Pfizer Inc. (NYSE:PFE) is acquiring Warner-Lambert. The transaction is still subject to U.S. Federal Trade Commission approval. Quest Diagnostics (NYSE:DGX) will replace Sanmina Corp. in the S&P MidCap 400 Index. Agilent Technologies is a global leader in designing and manufacturing test, measurement and monitoring instruments, systems and solutions, and semiconductor and optical components. The company, headquartered in Palo Alto, CA, will be added to the S&P 500 Electronics (Instrumentation) industry group. Sanmina Corp. is a leading electronics contract manufacturing services company providing a full spectrum of integrated, value-added electronic manufacturing services. The company, headquartered in San Jose, CA, will be added to the S&P 500 Electrical Equipment industry group. Quest Diagnostics is a leading provider of diagnostic testing, information and services to physicians, hospitals, managed care organizations, employers, and government agencies. The company, headquartered in Teterboro, NJ, will be added to the S&P MidCap 400 Health Care (Specialized Services) industry group.