This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Standard & Poor's Announces Changes to U.S. Index 2009-11-02 17:56 ET - News Release Also News Release (U-CML) COMPELLENT TECHNOLOGIES INC
Also News Release (U-CPF) CENTRAL PAC FINL CORP
Also News Release (U-EBS) EMERGENT BIOSOLUTIONS INC
Also News Release (U-IBCP) INDEPENDENT BANK CP MICH
NEW YORK, Nov. 2 /PRNewswire/ -- Compellent Technologies Inc. will replace Central Pacific Financial Corp. , and Emergent BioSolutions Inc. will replace Independent Bank Corp. in the S&P SmallCap 600 after the close of trading on Monday, November 9. Central Pacific Financial and Independent Bank have market capitalizations below $35 million ranking them 599th & 600th respectively in the index, whereas the minimum market capitalization necessary to be added to the S&P Small Cap 600 is currently $200 million. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com. Compellent Technologies is a provider of enterprise-class network storage solutions. Headquartered in Eden Prairie, MN, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Computer Storage & Peripherals Sub-Industry index. Emergent BioSolutions Inc. is a biopharmaceutical company. Headquartered in Rockville, MD, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Biotechnology Sub-Industry index. Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - NOVEMBER 9, 2009
--------------------------------------------
COMPANY GICS ECONOMIC GICS
SECTOR SUB-INDUSTRY
------- ------------- -------------
ADDED Compellent Information Computer
Technologies Technology Storage &
Peripherals
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Emergent Health Care Biotechnology
BioSolutions
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DELETED Central Financials Regional
Pacific Banks
Financial
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Independent Financials Regional
Bank Banks
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About Standard & Poor's Index Services Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 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 Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices. About Standard & Poor's Standard & Poor's, a subsidiary of The McGraw-Hill Companies , 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 nearly 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. Standard & Poor's The remainder is available to Stockwatch subscribers.
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