The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

S&P Indices Announces Changes to U.S. Indices

Wednesday, December 14, 2011

S&P Indices Announces Changes to U.S. Indices18:38 EST Wednesday, December 14, 2011NEW YORK, Dec. 14, 2011 /PRNewswire/ -- TripAdvisor Inc. (NASD: TRIPV) will replace Tellabs Inc. (NASD: TLAB) in the S&P 500 index, Tellabs will replace Digital River Inc. (NASD: DRIV) in the S&P MidCap 400 index and Digital River will replace Network Equipment Technologies Inc. (NASD: NWK) in the S&P SmallCap 600 index after the close of trading on Tuesday, December 20. S&P 500 constituent Expedia Inc. (NASD: EXPE) is spinning off TripAdvisor in a transaction expected to be completed on or about that date pending final approvals. The Expedia stub will remain in the S&P 500 index. Tellab's market capitalization is below $1.5 billion making it more representative of the mid cap market space, and Digital River's market capitalization is below $550 million making it more representative of the small cap market space. Network Equipment Technologies is ranked #600 in the SmallCap 600 index.S&P Indices will post any relevant updates on its website: TripAdvisor is an online travel research company. Headquartered in Newton, MA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Internet Retail Sub-Industry index.Tellabs engages in designing and marketing equipment and services for communication service providers. Headquartered in Naperville, IL, the company will be added to the S&P MidCap 400 GICS Communications Equipment Sub-Industry index.Digital River provides outsourced e-commerce solutions. Headquartered in Eden Prairie, MN, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.Following is a summary of the changes: S&P 500 INDEX  ? December 20, 2011 COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDTripAdvisorConsumer DiscretionaryInternet RetailDELETEDTellabsInformation TechnologyCommunications Equipment    S&P MIDCAP 400 INDEX  ? December 20, 2011 COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDTellabsInformation TechnologyCommunications EquipmentDELETEDDigital RiverInformation TechnologyInternet Software & Services    S&P SMALLCAP 600 INDEX  ? December 20, 2011 COMPANYGICS ECONOMIC SECTORGICS SUB-INDUSTRYADDEDDigital RiverInformation TechnologyInternet Software & ServicesDELETEDNetwork Equipment TechnologiesInformation TechnologyCommunications EquipmentFor more information about S&P Indices, please visit About S&P IndicesS&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), 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: more information contact:David M. Blitzer, Ph.D.Managing Director & Chairman of the Index Committee(212) 438-3907  SOURCE S&P Indices