Standard & Poor's Announces Change to U.S. Index
NEW YORK, Sept. 14 /PRNewswire/ -- Monolithic Power Systems, Inc. (Nasdaq: MPWR) will replace Micrus Endovascular Corp. (Nasdaq: MEND) in the S&P SmallCap 600 index after the close of trading on Friday, September 17. Micrus Endovascular is being acquired by S&P 100 & 500 constituent Johnson & Johnson (NYSE: JNJ) in a deal expected to close soon, pending final approvals.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Monolithic Power Systems, Inc. designs, develops, manufactures, and markets analog and mixed-signal semiconductors. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Semiconductors Sub-Industry index.
Following is a summary of the change:
S&P SMALLCAP 600 INDEX – September 17, 2010 |
||||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
||
ADDED |
Monolithic Power Systems |
Information Technology |
Semiconductors |
|
DELETED |
Micrus Endovascular |
Health Care |
Health Care Equipment |
|
About S&P Indices
S&P Indices, the world's leading index provider, 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.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's
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