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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: semi2000 who wrote (10337)	6/26/2003 8:25:44 PM
From: Big Bucks	Respond to of 96313

This says it all. Dryer's dropped out due to aquistion and ICST takes it's place on the S&P 400. Press Release Source: Standard & Poor's Integrated Circuit Systems Inc. Added to S&P MidCap 400 Index Thursday June 26, 6:08 pm ET NEW YORK, June 26 /PRNewswire/ -- Integrated Circuit Systems Inc. (Nasdaq: ICST - News) will replace Dreyer's Grand Ice Cream Inc. (Nasdaq: DRYR - News) in the S&P MidCap 400 Index after the close of trading on Monday, June 30, 2003. Dreyer's is acquiring the U.S. frozen dessert business of S&P Global 1200 constituent Nestle S.A. in exchange for approximately 55 million Class B shares, constituting roughly 67% of Dreyer's stock, in a deal that is scheduled to close today. Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com. Integrated Circuit Systems supplies a broad line of timing products for use in personal computer motherboards and peripheral applications. The company, headquartered in Norristown, PA, will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Semiconductors sub-industry. Following is a summary of the change: S&P MIDCAP 400 INDEX - June 30, 2003 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED Integrated Circuit Information Technology Semiconductors Systems Inc. DELETED Dreyer's Grand Consumer Staples Packaged Foods & Ice Cream Inc. Meats Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned. Standard & Poor's is a leading provider of highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds. With 5,000 employees located in 19 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.standardandpoors.com.