Standard & Poor's Announces Changes in S&P Indices

Apr 24, 2001, 01:00 ET from Standard & Poor's

    NEW YORK, April 24 /PRNewswire/ -- Standard & Poor's will make the
 following changes in the S&P MidCap 400 and S&P SmallCap 600 Indices:
 
     *     Triad Hospitals (Nasdaq:   TRIH) will replace Quorom Health Group
           (Nasdaq:   QHGI) in the S&P MidCap 400 Index after the close of
           trading on Friday, April 27, 2001.  Triad Hospitals is acquiring
           Quorom Health Group in a transaction anticipated to close on or
           about that date.  The transaction is still subject to shareholder
           approval.
     *     Stratos Lightwave, Inc. (Nasdaq:   STLW) will replace Cone Mills
           (NYSE:   COE) in the S&P SmallCap 600 Index after the close of trading
           on Friday, April 27, 2001.  S&P SmallCap 600 component Methode
           Electronics 'A' (Nasdaq:   METHA) is spinning off its remaining 84.3%
           stake in Stratos Lightwave to Methode Electronics shareholders in a
           transaction anticipated to close on that date.  Cone Mills is being
           removed for lack of representation.
     *     Hot Topic (Nasdaq:   HOTT) will replace Agribrands International
           (NYSE:   AGX) in the S&P SmallCap 600 Index after the close of trading
           on Monday, April 30, 2001.  Agribrands International is being
           acquired by Cargill, Inc. (a private company) in a transaction
           anticipated to close on or about that date.  The transaction is
           still subject to shareholder approval.
 
     Triad Hospitals provides healthcare services through hospitals and
 ambulatory surgery centers, located in small cities and selected urban
 markets, primarily in the Southwestern, Western and South-central United
 States.  The company, headquartered in Dallas, Texas, will be added to the S&P
 MidCap 400 GICS Health Care Facilities sub-industry group and the Health Care
 (Hospital Management) industry group.
     Stratos Lightwave, Inc. develops, manufactures and sells optical
 subsystems and components for high data rate networking, data storage and
 telecommunication applications.  The company, headquartered in Chicago, will
 be added to the S&P SmallCap 600 GICS Networking Equipment sub-industry group
 and the Electrical Equipment industry group.
     Hot Topic sells music licensed and music influenced apparel, accessories
 and gift items for young men and women through its retail stores.  The
 company, headquartered in City of Industry, California, will be added to the
 S&P SmallCap 600 GICS Apparel Retail sub-industry group and the Retail
 (Specialty-Apparel) industry group.
     Following is a summary of the announced changes:
 
                      S&P MIDCAP 400 INDEX-April 27, 2001
 
                COMPANY                  GICS ECONOMIC  GICS SUB-INDUSTRY
                                         SECTOR         GROUP
 
     ADDED      Triad Hospitals          Health Care    Health Care Facilities
     DROPPED    Quorom Health Group      Health Care    Health Care Facilities
 
                     S&P SMALLCAP 600 INDEX-April 27, 2001
 
                COMPANY                  GICS ECONOMIC  GICS SUB-INDUSTRY
                                         SECTOR         GROUP
 
     ADDED      Stratos Lightwave, Inc.  Information    Networking Equipment
                                         Technology
     DROPPED    Cone Mills               Consumer       Textiles
                                         Discretionary
 
                     S&P SMALLCAP 600 INDEX-April 30, 2001
 
                COMPANY             GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
                                                             GROUP
 
     ADDED      Hot Topic           Consumer Discretionary   Apparel Retail
     DROPPED    Agribrands          Consumer Staples         Packaged Foods
                International
 
     Company additions to and deletions from an S&P equity index do not in any
 way reflect an opinion on the investment merits of the company.
 
     Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:   MHP),
 provides independent financial information, analytical services, and credit
 ratings to the world's financial markets.  Among the company's many products
 are the S&P Global 1200, the world's first global, equity, real time index;
 the S&P 500, the premier U.S. portfolio index; and credit ratings on more than
 220,000 securities and funds worldwide.  With more than 5,000 employees
 located in 21 countries, Standard & Poor's is an integral part of the global
 financial infrastructure.
 
 

SOURCE Standard & Poor's
    NEW YORK, April 24 /PRNewswire/ -- Standard & Poor's will make the
 following changes in the S&P MidCap 400 and S&P SmallCap 600 Indices:
 
     *     Triad Hospitals (Nasdaq:   TRIH) will replace Quorom Health Group
           (Nasdaq:   QHGI) in the S&P MidCap 400 Index after the close of
           trading on Friday, April 27, 2001.  Triad Hospitals is acquiring
           Quorom Health Group in a transaction anticipated to close on or
           about that date.  The transaction is still subject to shareholder
           approval.
     *     Stratos Lightwave, Inc. (Nasdaq:   STLW) will replace Cone Mills
           (NYSE:   COE) in the S&P SmallCap 600 Index after the close of trading
           on Friday, April 27, 2001.  S&P SmallCap 600 component Methode
           Electronics 'A' (Nasdaq:   METHA) is spinning off its remaining 84.3%
           stake in Stratos Lightwave to Methode Electronics shareholders in a
           transaction anticipated to close on that date.  Cone Mills is being
           removed for lack of representation.
     *     Hot Topic (Nasdaq:   HOTT) will replace Agribrands International
           (NYSE:   AGX) in the S&P SmallCap 600 Index after the close of trading
           on Monday, April 30, 2001.  Agribrands International is being
           acquired by Cargill, Inc. (a private company) in a transaction
           anticipated to close on or about that date.  The transaction is
           still subject to shareholder approval.
 
     Triad Hospitals provides healthcare services through hospitals and
 ambulatory surgery centers, located in small cities and selected urban
 markets, primarily in the Southwestern, Western and South-central United
 States.  The company, headquartered in Dallas, Texas, will be added to the S&P
 MidCap 400 GICS Health Care Facilities sub-industry group and the Health Care
 (Hospital Management) industry group.
     Stratos Lightwave, Inc. develops, manufactures and sells optical
 subsystems and components for high data rate networking, data storage and
 telecommunication applications.  The company, headquartered in Chicago, will
 be added to the S&P SmallCap 600 GICS Networking Equipment sub-industry group
 and the Electrical Equipment industry group.
     Hot Topic sells music licensed and music influenced apparel, accessories
 and gift items for young men and women through its retail stores.  The
 company, headquartered in City of Industry, California, will be added to the
 S&P SmallCap 600 GICS Apparel Retail sub-industry group and the Retail
 (Specialty-Apparel) industry group.
     Following is a summary of the announced changes:
 
                      S&P MIDCAP 400 INDEX-April 27, 2001
 
                COMPANY                  GICS ECONOMIC  GICS SUB-INDUSTRY
                                         SECTOR         GROUP
 
     ADDED      Triad Hospitals          Health Care    Health Care Facilities
     DROPPED    Quorom Health Group      Health Care    Health Care Facilities
 
                     S&P SMALLCAP 600 INDEX-April 27, 2001
 
                COMPANY                  GICS ECONOMIC  GICS SUB-INDUSTRY
                                         SECTOR         GROUP
 
     ADDED      Stratos Lightwave, Inc.  Information    Networking Equipment
                                         Technology
     DROPPED    Cone Mills               Consumer       Textiles
                                         Discretionary
 
                     S&P SMALLCAP 600 INDEX-April 30, 2001
 
                COMPANY             GICS ECONOMIC SECTOR     GICS SUB-INDUSTRY
                                                             GROUP
 
     ADDED      Hot Topic           Consumer Discretionary   Apparel Retail
     DROPPED    Agribrands          Consumer Staples         Packaged Foods
                International
 
     Company additions to and deletions from an S&P equity index do not in any
 way reflect an opinion on the investment merits of the company.
 
     Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:   MHP),
 provides independent financial information, analytical services, and credit
 ratings to the world's financial markets.  Among the company's many products
 are the S&P Global 1200, the world's first global, equity, real time index;
 the S&P 500, the premier U.S. portfolio index; and credit ratings on more than
 220,000 securities and funds worldwide.  With more than 5,000 employees
 located in 21 countries, Standard & Poor's is an integral part of the global
 financial infrastructure.
 
 SOURCE  Standard & Poor's

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