NEW YORK, Aug. 1 /PRNewswire/ -- Sykes Enterprises Inc. (NASD: SYKE) will be added to the S&P SmallCap 600 index after the close of trading tomorrow, August 2. Sykes will take the place of Power Integrations Inc. (NASD: POWI), which was removed after this evening's close of trading. Power Integrations will be delisted from the NASDAQ Global Market before tomorrow's market open for failing to comply with listing requirements.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: http://www.standardandpoors.com/.
Sykes provides outsourced customer contact management solutions and services to Fortune 1000 companies. Headquartered in Tampa, FL, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) IT Consulting & Other Services Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX - August 1, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
DELETED Power Integrations Information Technology Semiconductors
S&P SMALLCAP 600 INDEX - August 2, 2006
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Sykes Enterprises 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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