THE PHILADELPHIA
STOCK EXCHANGE ANNOUNCES CHANGES TO THE PHLX SEMICONDUCTOR SECTORSM INDEX (SOXSM) STARTING DECEMBER 3
For more information, contact Barbara Sorid at 215-496-5200
or by e-mail
PHILADELPHIA – November 30, 2004 - The Philadelphia
Stock Exchange (PHLX) announced today changes to the PHLX Semiconductor
Sector Index (SOX) effective before the open of business on Friday,
Dec. 3, 2004. Freescale Semiconductor, Inc. (FSL), Infineon Technologies
AG (IFX), and Marvell Technology Group (MRVL) will be added while
Motorola, Inc. (MOT) and LSI Logic Corp. (LSI) will be deleted.
"
Today's changes solidify SOX as the bellwether Semiconductor Sector
Index for traders and investors alike," said Daniel R. Carrigan,
PHLX’s vice president of new product development. "PHLX
provides a platform for deep and liquid markets”, he said. “As
a result, SOX ranks as the 8th most traded Index Option in the US
year- to-date."
According to Carrigan, the following components reflect leadership
changes in the semiconductor industry.
Freescale Semiconductor is a global leader in embedded semiconductors
based on 50 years as a part of Motorola. CEO Michel Mayer is pursuing
a vision of enabling consumer electronics products to achieve wireless
freedom and seamless connectivity for multimedia applications such
as televisions, digital video recorders, laptops and set-top boxes.
Infineon Technologies increased revenues and earnings for fiscal
year 2004. CEO Dr. Wolfgang Ziebart has leveraged know-how as witnessed
by Infineon researchers constructing the world's smallest nanotube
transistor, an ideal candidate material for many applications in
microelectronics. Of note as a diversified player, Infineon increased
sales of its products to the power management and supply industry.
"
Marvell Technology Group has experienced 25 consecutive quarters
of revenue growth. CEO Dr. Sehat Sutardja continues to expand international
revenues based upon a diverse list of high volume wireless LAN designs
for consumer applications such as cellular handsets, gaming devices,
digital cameras, printers, and MP3 players."
The Philadelphia Stock Exchange (PHLX) was founded in
1790. The PHLX trades more than 2,200 stocks, 1,016 listed equity
options, 12 sectors index options and currency pairs. For more information
about the PHLX and its products, visit www.phlx.com.
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