Starbuck Corp. Added to S&P MidCap 400 Index.NEW YORK--(BUSINESS WIRE)--May 15, 1997--The Financial Information Services See Information Systems. group of Standard & Poor's will replace AST Research AST Research, Inc. was a personal computer manufacturer, founded in Irvine, California in 1980 by Albert Wong, Safi Qureshey and Thomas Yuen. (The name comes from the initials of their first names. Inc. (ASTA) in the S&P MidCap mid·cap adj. 1. Or or relating to corporations whose retained earnings and outstanding shares of common stock have a value between those of small cap companies and large cap corporations. 2. 400 Index with Starbuck's Corp. (SBUX SBUX Starbucks Corporation (stock symbol) SBUX Starbucks Coffee Company ) after the close of trading on Monday, May 19, 1997. Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. Co., a Korean company, is acquiring all of the common shares of AST Research that it does not already own in a friendly cash tender offer scheduled to expire on that date. Starbucks, headquartered in Seattle, operates a chain of coffeehouses offering gourmet coffee-based beverages, pastries, whole-bean coffees, and related products. The company also sells whole-bean coffees to institutional customers and through mail order, and is involved in joint ventures to develop and market coffee-based soft drinks, ice cream, and other products. Starbucks will be added to the S&P MidCap 400 Restaurants industry group in the Consumer Staples Consumer Staples The industries that manufacture and sell food/beverages, tobacco, prescription drugs, and household products. Notes: Proctor and Gamble would be considered a consumer staple company because many of its products are household and food related. economic sector. The Standard & Poor's Financial Information Services group, a division of The McGraw-Hill Companies, provides financial, economic, and investment information, as well as analytical services, to the global financial community and commodity trading markets. The group calculates and maintains the S&P 500, S&P MidCap 400, S&P SmallCap 600, and the S&P Super Composite 1500 stock price indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. Approximately $475 billion is currently indexed to the S&P 500. Company additions to and deletions from the S&P equity indexes do not in any way reflect an opinion on the investment merits of the company. CONTACT: Standard & Poor's Elliot Shurgin, 212/208-8709 Albert Neubert, 212/208-8716 |
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