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S&P says Palm to replace 3Com in S&P500 Index NEW YORK, July 20 (Reuters) - Standard & Poor`s said on Thursday handheld computer maker Palm Inc. <PALM.O> will replace computer networking equipment maker 3Com Corp. <COMS.O> in its closely watched S&P 500 Index after the close of trading on July 27. The Santa Clara, Calif.-based 3Com is spinning off its 94.3 percent interest in Santa Clara, Calif.-based Palm to 3Com shareholders in a deal that is expected to close on July 27. Standard & Poor`s also said 3Com will replace Burlington Industries Inc. <BUR.N> in the S&P MidCap 400 Index. Burlington Industries is being removed for lack of representation. Shares of Palm, which went public on March 2, closed up 1-7/8 at 36-3/4 on the Nasdaq stock market. 3Com shares rose 3-7/8 to close at 66-5/8 on the Nasdaq. |
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| aus der Diskussion: | 3com news! (neu) |
| Autor (Datum des Eintrages): | Pitu (21.07.00 08:30:47) |
| Beitrag: | 15 von 124 (ID:1371408) |
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