Standard & Poor's Announces Changes to U.S. Indices

NEW YORK, Jan. 11, 2011 /PRNewswire/ -- S&P 500 constituent QLogic Corp. (NASD: QLGC) will replace CommScope Inc. (NYSE: CTV) in the S&P MidCap 400 index, and Noble Corp. (NYSE: NE) will replace QLogic in the S&P 500 after the close of trading on Friday, January 14, 2011. CommScope is being acquired by The Carlyle Group in a deal expected to be completed on or about that date. QLogic's $1.8 billion market capitalization makes this company more representative of the mid cap space.

Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.

QLogic engages in the design and supply of storage networking, high performance computing networking, and converged networking infrastructure solutions. Headquartered in Aliso Viejo, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Computer Storage & Peripherals Sub-Industry index.

Noble provides offshore contract drilling services for the oil and gas industry. Headquartered in Baar, Switzerland, the company will be added to the S&P 500 GICS Oil & Gas Drilling Sub-Industry index.  

Following is a summary of the changes:

For more information about S&P Indices, please visit  www.standardandpoors.com/indices.

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.

SOURCE Standard & Poor's

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