NEW YORK--(BUSINESS WIRE)--Sept. 16., 1998--Read the following
articles exclusively at S&P Personal Wealth
(http://www.personalwealth.com). Standard & Poor's is a division of
the McGraw-Hill Companies:
"S&P Index Changes -- Who's in, Who's Out"
Standard & Poor's said it will replace Saks Holdings (NYSE:SKS)
in the S&P MidCap 400 Index with Abercrombie & Fitch (NYSE:ANF) after
the close of trading on September 17. S&P said ANF will be added to
the S&P MidCap 400 Retail (Specialty-Apparel) industry group. SKS is
being acquired by S&P MidCap 400 component Proffitt's Inc. (NYSE:PFT)
in a transaction expected to close on that date. The merger is still
pending shareholder approval.
"RF Micro Devices Sees Stronger than Expected 2nd Quarter Profit"
http://www.personalwealth.com/prn03 RF Micro Devices (Nasdaq:RFMD)
sees higher than expected second quarter earnings of $0.09-$0.10 on
revenues of $28 million to $30 million. The company cited higher than
anticipated wafer availability and demand from Korean customers. Other
stocks featured in this morning's MarketMovers include MEMC Electronic
Materials (NYSE:WFR), Arkansas Best (Nasdaq:ABFS), Building Materials
Holdings (Nasdaq:BMHC), Phoenix Technologies (Nasdaq:PTEC), Rawlings
Sporting Goods (Nasdaq:RAWL), PanAmSat Corp. (Nasdaq:SPOT), Isis
Pharmaceuticals (Nasdaq:ISIP), Progress Software (Nasdaq:PRGS), and
Butler Manufacturing (NYSE:BBR).
"Equity Markets Building Confidence, S&P's Cherney Says"
http://www.personalwealth.com/prn02 Tuesday's close in the equity
markets was much better than most of the action during the day, which
S&P Market Analyst Paul Cherney says is a positive. Other bullish
signs are a third consecutive gain for the S&P 500 and improving
breadth, he notes. All in all, Cherney says, they indicate a market
that is building confidence. MarketViews provides the thoughts of
leading investment strategists, portfolio managers and other market
mavens on the stock and bond markets and the state of the economy.
MarketViews also features Paul Cherney's market commentary every
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