NEW YORK, Dec. 14, 2011 /PRNewswire/ -- TripAdvisor
Inc. (NASD: TRIPV) will replace Tellabs Inc. (NASD: TLAB) in the
S&P 500 index, Tellabs will replace Digital River Inc. (NASD:
DRIV) in the S&P MidCap 400 index and Digital River will
replace Network Equipment Technologies Inc. (NASD: NWK) in the
S&P SmallCap 600 index after the close of trading on
Tuesday, December 20. S&P 500
constituent Expedia Inc. (NASD: EXPE) is spinning off TripAdvisor
in a transaction expected to be completed on or about that date
pending final approvals. The Expedia stub will remain in the
S&P 500 index. Tellab's market capitalization is below
$1.5 billion making it more
representative of the mid cap market space, and Digital River's
market capitalization is below $550
million making it more representative of the small cap
market space. Network Equipment Technologies is ranked #600 in the
SmallCap 600 index.
S&P Indices will post any relevant updates on its website:
www.standardandpoors.com.
TripAdvisor is an online travel research company. Headquartered
in Newton, MA, the company will be
added to the S&P 500 GICS (Global Industry Classification
Standard) Internet Retail Sub-Industry index.
Tellabs engages in designing and marketing equipment and
services for communication service providers. Headquartered in
Naperville, IL, the company will
be added to the S&P MidCap 400 GICS Communications Equipment
Sub-Industry index.
Digital River provides outsourced e-commerce solutions.
Headquartered in Eden Prairie, MN,
the company will be added to the S&P SmallCap 600 GICS Internet
Software & Services Sub-Industry index.
Following is a summary of the changes:
|
S&P 500 INDEX
– December 20, 2011
|
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
TripAdvisor
|
Consumer Discretionary
|
Internet Retail
|
|
DELETED
|
Tellabs
|
Information Technology
|
Communications
Equipment
|
|
S&P MIDCAP 400
INDEX – December 20, 2011
|
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Tellabs
|
Information Technology
|
Communications
Equipment
|
|
DELETED
|
Digital River
|
Information Technology
|
Internet Software &
Services
|
|
S&P SMALLCAP 600
INDEX – December 20, 2011
|
|
|
COMPANY
|
GICS ECONOMIC SECTOR
|
GICS SUB-INDUSTRY
|
|
ADDED
|
Digital River
|
Information Technology
|
Internet Software &
Services
|
|
DELETED
|
Network Equipment
Technologies
|
Information Technology
|
Communications
Equipment
|
For more information about S&P Indices, please visit
www.standardandpoors.com/indices.
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill
Companies (NYSE: MHP), 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.
For more information contact:
David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
SOURCE S&P Indices