Business Editors
NEW YORK--(BUSINESS WIRE)--Standard & Poor's
Dec. 10, 2001-- Standard & Poor's will make the following changes in the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices:
-- S&P MidCap 400 component Jones Apparel Group (NYSE:JNY) will
replace Homestake Mining (NYSE:HM) in the S&P 500 Index after
the close of trading on Friday, December 14, 2001. S&P 500
component Barrick Gold Corp. (NYSE:ABX) is acquiring Homestake
Mining in a transaction anticipated to close on that date. The
transaction is still subject to shareholder approval. S&P
SmallCap 600 component Timberland Co. Cl 'A' (NYSE:TBL) will
replace Jones Apparel Group in the S&P MidCap 400 Index.
Netegrity, Inc. (NASD:NETE) will replace Timberland Co. Cl 'A'
in the S&P SmallCap 600 Index.
Jones Apparel Group is a designer and marketer of a broad range of women's collection sportswear, suits and dresses, casual sportswear and jeanswear for men, women and children, women's shoes and accessories, and costume jewelry. The company, headquartered in Bristol, Pennsylvania, will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel & Accessories sub-industry group and the Textiles (Apparel) industry group.
Timberland Co. Cl 'A' designs, engineers, and markets premium-quality footwear, apparel, and accessories. The company, headquartered in Stratham, New Hampshire, will be added to the S&P MidCap 400 GICS Footwear sub-industry group and the Footwear industry group.
Netegrity, Inc. is a provider of software and services that manage and control user access to web-base e-commerce applications. The company, headquartered in Waltham, Massachusetts, will be added to the S&P SmallCap 600 GICS Internet Software & Services sub-industry group and the Computers (Software & Services) industry group.
Following is a summary of the announced changes: ---------------------------------------------------------------------- S&P 500 INDEX - December 14, 2001 ---------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB- INDUSTRY GROUP ---------------------------------------------------------------------- Jones Apparel Consumer Apparel & ADDED Group Discretionary Accessories ---------------------------------------------------------------------- DELETED Homestake Mining Materials Gold ---------------------------------------------------------------------- ---------------------------------------------------------------------- S&P MIDCAP 400 INDEX - December 14, 2001 ---------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB- INDUSTRY GROUP ---------------------------------------------------------------------- Timberland Co. Consumer ADDED Cl 'A' Discretionary Footwear ---------------------------------------------------------------------- Jones Apparel Consumer Apparel & DELETED Group Discretionary Accessories ---------------------------------------------------------------------- ---------------------------------------------------------------------- S&P SMALLCAP 600 INDEX - December 14, 2001 ---------------------------------------------------------------------- COMPANY GICS ECONOMIC SECTOR GICS SUB- INDUSTRY GROUP ---------------------------------------------------------------------- ADDED Netegrity, Inc. Information Internet Software Technology & Services ---------------------------------------------------------------------- Timberland Co. Consumer DELETED Cl 'A' Discretionary Footwear ----------------------------------------------------------------------
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 company.
Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds. With more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.spglobal.com.
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