NEW YORK, June 7 /PRNewswire/ -- Palm Inc. will replace Anteon International Corp. in the S&P MidCap 400 after the close of trading on Thursday, June 8. Anteon is being acquired by S&P 500 and S&P 100 constituent General Dynamics Corp. in a deal scheduled to close on or about that date.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Palm provides personal companion products, including its series of handheld computers and the Treo smartphone. Headquartered in Sunnyvale, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Computer Hardware Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX - June 8, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Palm Information Technology Computer Hardware
DELETED Anteon Information Technology IT Consulting &
Other Services
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
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