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COMPOSITE RESEARCH & MANAGEMENT SAYS THREE NEW NAMES TO APPEAR ON NORTHWEST 50 INDEX

 COMPOSITE RESEARCH & MANAGEMENT SAYS THREE NEW NAMES TO APPEAR
 ON NORTHWEST 50 INDEX
 SEATTLE, June 26 /PRNewswire/ -- The following was released today by Composite Research & Management Co.:
 Three new names -- including Starbucks Corp. (NASDAQ: SBUX) -- will soon be added to the Northwest 50 Index.
 The stock index, which reflects a broadly diversified group of 50 Northwest-based companies operating in six industry sectors, is being adjusted to reflect the initial public offering of common stock of Starbucks Corp., the Seattle-based coffee chain, and Westmark International's (NASDAQ: WMRK) spinoff company, SpaceLabs Medical Inc.
 Starbucks' common stock began trading today over-the-counter on the National Association of Securities Dealers Automated Quotations System (NASDAQ) under the symbol "SBUX." The common stock of SpaceLabs Medical, which will also be traded on NASDAQ, begins trading separately from Westmark International's on June 29 under the symbol "SLMD."
 Westmark International, which has been included in the Northwest 50 since 1988, will remain on the list, but is being renamed Advanced Technology Laboratories Inc. (NASDAQ: ATLI).
 Starbucks will join the Northwest 50's retail/wholesale sector while SpaceLabs Medical will join the sector for technology/ manufacturing/construction. To make room for the new listings, two smaller companies -- clothing retailer Jay Jacobs (NASDAQ: JAYJ) and Eldec Corp. (NASDAQ: ELDC), a manufacturer of electronic controls for airplanes -- are being removed from the index.
 Each of the six sectors comprising the Northwest 50 is weighted on the basis of the total personal income generated by employees working in that sector, according to Randy Yoakum, portfolio manager of the Composite Northwest 50 Mutual Fund.
 Stocks within the sectors are also weighted on the basis of their market capitalization, he added.
 "The additions of SpaceLabs Medical and Starbucks, along with the retention Advanced Technology Laboratories, is consistent with our philosophy of investing in the stocks of high-quality, Northwest-based companies that offer the best possibilities of long-term returns," Yoakum said.
 Composite Research & Management Co., of Seattle, oversees the Northwest 50 Index and manages the Composite Northwest 50 Mutual Fund. Composite Research & Management is a wholly owned subsidiary of Seattle-based Washington Mutual Savings Bank (NASDAQ: WAMU).
 -0- 6/26/92
 /CONTACT: Randy Yoakum, 206-461-3800, or Charles Averill, 206-461-2394, both of Composite Research & Management Co./
 (WAMU SBUX WMRK ATLI JAYJ ELDC SLMD) CO: Composite Research & Management Co.; Washington Mutual Savings
 Bank; Starbucks Corp.; Westmark International; SpaceLabs
 Medical Inc.; Advanced Technology Laboratories Inc.; Jay Jacobs;
 Eldec Corp. ST: Washington IN: FIN SU:


SC -- SE013 -- 4426 06/26/92 19:53 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 26, 1992
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