Standard & Poor's Announces Semi-Annual Reconstitution of
Standard & Poor's/Barra Growth and Value Indices
NEW YORK, Dec. 10 /PRNewswire/ -- Standard & Poor's will make its semi-annual changes to the S&P 500/Barra Growth, S&P 500/Barra Value, S&P MidCap 400/Barra Growth, S&P MidCap 400/Barra Value, S&P SmallCap 600/Barra Growth and S&P SmallCap 600/Barra Value indices after the close of trading on Friday, December 17, 2004. On March 18, 2005, the S&P/Barra Growth and Value indices and their S&P parent indices will transition in their entirety to a half-float market capitalization-weighted structure.
The companies involved in the U.S. index restructuring announced on December 8, as well as all subsequent additions, will be added to their new S&P/Barra and parent S&P indices at their half-float market capitalization weights.
A stock's categorization as either "growth" or "value" is determined by its book-to-price ratio. Using this measure, each U.S. index is split into two mutually exclusive sets, each of which comprises roughly half of the index's total market capitalization. Each S&P/Barra Value Index contains stocks with higher book-to-price ratios, whereas each S&P/Barra Growth Index includes stocks whose book-to-price ratios are lower. Like the parent indices from which they are derived, the growth and value indices are market capitalization-weighted.
Following is a summary of the changes: S&P 500 Companies Transferring from Growth to Value TICKER COMPANY A Agilent Technologies AMAT Applied Materials CAH Cardinal Health, Inc. DPH Delphi Corporation FNM Fannie Mae KLAC KLA-Tencor Corp. KSS Kohl's Corp. MMC Marsh & McLennan MYL Mylan Laboratories NFB North Fork Bancorporation NSM National Semiconductor PFE Pfizer, Inc. SLR Solectron TER Teradyne Inc. TXN Texas Instruments S&P 500 Companies Transferring from Value to Growth TICKER COMPANY AAPL Apple Computer BHI Baker Hughes CA Computer Associates Intl. CNP CenterPoint Energy DGX Quest Diagnostics FLR Fluor Corp. (New) GENZ Genzyme Corp. GLW Corning Inc. GT Goodyear Tire & Rubber GTW Gateway Inc. HET Harrah's Entertainment HSP Hospira Inc. ITW Illinois Tool Works LMT Lockheed Martin Corp. MAR Marriott Int'l. MAT Mattel, Inc. MEDI MedImmune Inc. NWL Newell Rubbermaid Co. PCAR PACCAR Inc. QLGC QLogic Corp. ROK Rockwell Automation, Inc. SGP Schering-Plough SWK Stanley Works TGT Target Corp. TXU TXU Corp. XOM Exxon Mobil Corp. S&P MidCap 400 Companies Transferring from Growth to Value TICKER COMPANY ATML Atmel Corp. ATVI Activision, Inc. CEN Ceridian Corp. (New) CY Cypress Semiconductor CYN City National Corp. DV DeVRY Inc. FIC Fair, Isaac Corporation IRF Intl Rectifier JEC Jacobs Engineering Group KKD Krispy Kreme Doughnuts LEE Lee Enterprises LTXX LTX Corp. MENT Mentor Graphics NDN 99 (Cents) Only Stores OCR Omnicare, Inc. PRGO Perrigo Co. RCII Rent-A-Center SMG Scotts Co 'A' SNDK SanDisk Corporation SNPS Synopsys Inc. VAL Valspar Corp VARI Varian Inc. S&P MidCap 400 Companies Transferring from Value to Growth TICKER COMPANY ACI Arch Coal ADVS Advent Software, Inc. ARG Airgas Inc. ASBC Associated Banc-Corp. BTU Peabody Energy CK Crompton Corporation CNF CNF Inc. DDR Developers Diversified Realty DY Dycom Industries HRS Harris Corp. HSC Harsco Corp. LANC Lancaster Colony NBL Noble Energy, Inc NOI National-Oilwell Inc. PCP Precision Castparts PNR Pentair Inc. STR Questar Corp. VRC Varco Int'l S&P SmallCap 600 Companies Transferring from Growth to Value TICKER COMPANY ACDO Accredo Health ACLS Axcelis Technologies AEIS Advanced Energy Industries BDY Bradley Pharmaceuticals BELFB Bel Fuse, Inc. BGG Briggs & Stratton BRKS Brooks Automation Inc. CCRD Concord Communications CENX Century Aluminum Co. CYMI Cymer, Inc. DCOM Dime Community Bancshares DJO dj Orthopedics, Inc. DSPG DSP Group FEIC FEI Company FMT Fremont Gen'l FRED Fred's Inc. FWHT FindWhat.com GB Wilson Greatbatch Technologies Inc. GFF Griffon Corp. GLDB Gold Banc ICUI ICU Medical IGI Imagistics International IO Input/Output Inc. IRN Rewards Network Inc. ITRI Itron, Inc. JILL J Jill Group KOPN Kopin Corp MAPS MapInfo Corp. MGAM Multimedia Games Inc. MNC Monaco Coach MROI MRO Software Inc. MVK Maverick Tube Corp. NDC NDCHealth Corp. PDX Pediatrix Medical Group PHCC Priority Healthcare Corp. PHTN Photon Dynamics RGR Sturm Ruger SBSE SBS Technologies SNS The Steak n Shake Co. TRDO Intrado Inc. TTEK Tetra Tech USPI United Surgical Partners Int'l VECO Veeco Instruments VICR Vicor Corp VSEA Varian Semiconductor Equip. S&P SmallCap 600 Companies Transferring from Value to Growth TICKER COMPANY AGP AMERIGROUP Corp. ATW Atwood Oceanics, Inc. BBX BankAtlantic Bancorp CAI CACI International Services CLF Cleveland-Cliffs CRY Cryolife, Inc. CTR Cato Corporation DGII Digi International EDO EDO Corp. EFD eFunds Corp. EGN Energen Corp GY Gencorp IFSIA Interface Inc'A' IHP IHOP Corp ISSX Internet Security Systems JLG JLG Industries, Inc. KEX Kirby Corp KRC Kilroy Realty Corporation LAWS Lawson Products LSS Lone Star Technology MANT ManTech International 'A' MTH Meritage Homes Corp. NJR New Jersey Resources NLS The Nautilus Group PHLY Philadelphia Consol. Hldg. PVH Phillips-Van Heusen RAH Ralcorp Holdings RBNC Republic Bancorp Inc. REM Remington Oil & Gas ROXI Roxio, Inc. SUPX Supertex Inc. TOO Too, Inc. UBSI United Bankshares, Inc. WPP Wausau-Mosinee Paper Corp. WRLD World Acceptance Corp. XEC Cimarex Energy Co.
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 companies concerned.
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SOURCE Standard & Poor's
-0- 12/10/2004 /CONTACT: David M. Blitzer, Ph.D. Managing Director, Quantitative Services (212) 438-3907/ /Web site: http://www.mcgraw-hill.com / /Web site: http://www.standardandpoors.com /
(ACDO ACLS AEIS BDY BELFB BGG BRKS CCRD CENX CYMI DCOM DJO DSPG FEIC FMT)
CO: Standard & Poor's; McGraw-Hill Companies ST: New York IN: FIN SU: RCN -0- Dec/10/2004 23:55 GMT