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Standard & Poor's Announces Changes to U.S. Index

Monday, February 14, 2011 6:23 PM


NEW YORK, Nov. 15, 2010 /PRNewswire/ -- S&P will make the following changes to the S&P SmallCap 600 Index:

  • CEVA Inc. (Nasdaq: CEVA) will replace Phoenix Technologies Inc. (Nasdaq: PTEC) after the close of trading on Friday, November 19. Phoenix Technologies is being acquired by Marlin Equity Partners in a deal expected to be completed on or about that date, pending final approvals.

  • Power Integrations Inc. (Nasdaq: POWI) will replace The Gymboree Corp. (Nasdaq: GYMB) after the close of trading on Monday, November 22. Gymboree is being acquired by Bain Capital Partners in a deal expected to be completed soon, pending final approvals.

  • Provident Financial Services Inc. (NYSE: PFS) will replace Mannatech Inc. (Nasdaq: MTEX), and Contango Oil & Gas Co. (AMEX: MCF) will replace Nautilus Inc. (NYSE: NLS) after the close of trading on Monday, November 22. Mannatech and Nautilus have market capitalizations below $52 million and $57 million respectively, ranking them at the bottom of the S&P SmallCap 600 index. They are no longer representative of the small cap market space.

  • STR Holdings Inc. (Nasdaq: STRI) will replace Keithley Instruments Inc. (NYSE: KEI) after the close of trading on a date to be announced. Keithley Instruments is being acquired by S&P 500 constituent Danaher Corp. (NYSE: DHR) in a deal expected to be completed soon, pending final approvals.

Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

CEVA designs and licenses silicon intellectual property. Headquartered in Mountain View, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.

Power Integrations designs, develops, manufactures, and markets high-voltage, and analog integrated circuits. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Semiconductors Sub-Industry index.  

Provident Financial Services provides banking services. Headquartered in Jersey City, NJ, the company will be added to the S&P SmallCap 600 GICS Thrifts & Mortgage Finance Sub-Industry index.

Contango Oil & Gas engages in the exploration, development, production, and acquisition of oil and natural gas properties. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.

STR Holdings manufactures and sells encapsulants. Headquartered in Enfield, CT, the company will be added to the S&P SmallCap 600 GICS Commodity Chemicals Sub-Industry index.

Following is a summary of the changes:


S&P  SMALLCAP 600  –November 19, 2010


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

CEVA

Information Technology

Semiconductors

DELETED

Phoenix Technologies

Information Technologies

Systems Software





S&P SMALLCAP 600 INDEX   –  November 22, 2010


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Power Integrations

Information Technology

Semiconductors


Provident Financial Services

Financials

Thrifts & Mortgage Finance


Contango Oil & Gas

Energy

Oil & Gas Exploration & Production

DELETED

   Gymboree

Consumer Discretionary

Apparel Retail


Mannatech

Consumer Staples

Personal Products


Nautilus

Consumer Discretionary

Leisure Products





S&P  SMALLCAP 600  –TBA


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

STR Holdings

Materials

Commodity Chemicals

DELETED

Keithley Instruments

Information Technology

Electronic  Equipment & Instruments




About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

SOURCE Standard & Poor's

David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907

(Source: PR Newswire )
(Source: Quotemedia)

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