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Technology Stocks : Adaptec (ADPT) -- Ignore unavailable to you. Want to Upgrade?

To: Starowl who wrote (2550)	6/9/1998 11:14:00 AM
From: The Philosopher	Read Replies (1) \| Respond to of 5944

A recent column by Michael Brush warned of the impact on some stocks of the rebalancing of the Russell indices--mostly the Russell 1000 and 2000. Apparently this time of year Russell corrects the index stocks (which are based on market cap). Do you know whether Adpt is in either of the Russell indices, and if so whether huge drop in market cap is going to kick us out of one of the indices? If so, there will be a lot of selling totally unrelated to actual value as the index funds rebalance their positions. Or if we were too big for Russell before but now get added to one of the indexes, we would see a round of buying unrelated to any actual value or news. Anybody know what the Russell criteria are and where we fall in them? Or have a prediction how it will impact us, if at all?