Cal Dive International Added to S&P SmallCap 600 Index.NEW YORK--(BUSINESS WIRE)--Dec. 6, 1999-- Standard & Poor's will replace Hambrecht & Quist (NYSE NYSE See: New York Stock Exchange :HQ) in the S&P SmallCap 600 Index with Cal Dive International (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CDIS CDIS Center for Distance and Independent Study CDIS Chengdu International School (Chengdu, China) CDIS Counter Drug Intelligence System CDIS Combined DNA Identification System CDIS Care Detail Information System ) after the close of trading on Wednesday, December 8, 1999. S&P 500 component Chase Manhattan (NYSE:CMB Noun 1. CMB - (cosmology) the cooled remnant of the hot big bang that fills the entire universe and can be observed today with an average temperature of about 2. ) is acquiring Hambrecht & Quist in a transaction anticipated to close on that date. Cal Dive International is a provider of subsea construction, maintenance and salvage services to the offshore natural gas and oil industry in the U.S. Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east . The company, headquartered in Houston, Texas, will be added to the S&P SmallCap 600 Oil & Gas (Drilling & Equipment) industry group. Following is a summary of the announced changes:
S&P SMALLCAP 600 INDEX--December 8, 1999
COMPANY ECONOMIC SECTOR INDUSTRY GROUP
ADDED Cal Dive
International Energy Oil & Gas
(Drilling & Equipment)
DROPPED Hambrecht & Quist Financials Investment Banking/Brokerage
Standard & Poor's, a division of The McGraw-Hill Companies, Inc., provides financial, economic and investment information and analytical services to the global financial community. S&P calculates and maintains the S&P Global 1200 Index, which includes the S&P Euro and Euro Plus for Continental Europe, the S&P/TSE 60 for Canada, the S&P 500 for the U.S., the S&P/TOPIX 150 for Japan, the S&P Asia Pacific 100, the Latin America 40 and the United Kingdom 150. S&P also publishes the S&P MidCap 400, S&P SmallCap 600, S&P SuperComposite 1500 and S&P REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). Composite for the U.S. and the S&P/TSE Canadian MidCap and S&P/TSE Canadian SmallCap Indices. Over $750 billion is indexed to S&P indices. Founded in 1888, The McGraw-Hill Companies is a leading information services See Information Systems. provider meeting worldwide needs in education, business, finance, the professions and government. The corporation employs 16,500 people located in more than 400 offices in 32 countries. Sales in 1998 were $3.7 billion. 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. |
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