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Subject: 44.22 SunFlash: Sun Enters S&P 500
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                                                        The Florida SunFlash

                       Sun Enters S&P 500

SunFLASH Vol 44 #22					         August 1992 
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17:11 Wang Labs Chapter 11 filing triggers changes in the S&P indices

NEW YORK--(BUSINESS WIRE)--Sun Microsystems Inc., a leading supplier of
high-performance workstations, servers and networking software based in
Mountain View, Calif., will be added to the S&P 500 effective at the
close of trading on Wednesday, Aug. 19, 1992.

Sun is replacing Wang Laboratories Inc., a computer systems
manufacturer, which filed for Chapter 11 bankruptcy protection earlier
today.  Sun will be added to the S&P 500 Computer Systems industry
group.

Ruddick Corp., a diversified holding company, will replace Sun
Microsystems Inc., in the S&P MidCap 400 Index effective at the close
of trading on Wednesday, Aug. 19, 1992.  Ruddick is based in Charlotte,
N.C. and its four primary businesses include: American & Efird - a
manufacturer and distributor of industrial sewing thread and sales
yarn; Harris Teeter - a regional chain of supermarkets; Jordan Graphics
- a producer and distributor of business forms and printed products;
and Ruddick Investment Co. - an investment manager and venture capital
investor.

           CONTACT: Standard & Poor's Corp., New York
             Cindy Giglio, 212/208-8968
                         -END- 
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Some additional information:

The S&P 500 is formally known as the S&P 500 Composite Stock Price
Index.  It is maintained as an accurate indicator of the price
movements of U.S. public company common stocks, and is a "market
value-weighted basket" of 500 key issues on the New York and American
Stock exchanges and the NASDAQ National Market System.

The index represents about 74% of the total U.S. equity market
capitalization. It is organized by sector into four major groups:
Industrials, Utilities, Financials and Transportations.

The index is managed by a committee of senior S&P managers who
regularly review and evaluate potential replacement companies for the
Index.  Candidates for inclusion first undergo an extensive screening
process, and must be approved by a unanimous vote of the committee
members.

Guidelines for inclusion in the S&P 500 include:
1. Large Market Value: 
   Companies entering the 500 should generally have the largest market
   value within their industry.

2. Industry Group Classification: 
   Companies are selected based on their representation of important
   industry segments.

3. Trading Activity: 
   Stocks must be relatively actively traded.

4. Fundamental Analysis: 
   The finances and business prospects of a candidate for inclusion in
   the S&P 500 are rigorously analyzed.


The S&P 500 is widely used as a proxy for the performance of the stock
market as a whole.  Many institutional investors are not permitted to
invest in any companies other than those on the S&P 500, and many index
funds automatically own S&P 500 stocks.  As a result, the number of
potential stockholders is now significantly larger than in the past.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
For information send mail to info-sunflash@sunvice.East.Sun.COM.
Subscription requests should be sent to sunflash-request@sunvice.East.Sun.COM.
Archives are on solar.nova.edu, paris.cs.miami.edu, uunet.uu.net,
src.doc.ic.ac.uk and ftp.adelaide.edu.au

All prices, availability, and other statements relating to Sun or third
party products are valid in the U.S. only. Please contact your local
Sales Representative for details of pricing and product availability in
your region. Descriptions of, or references to products or publications
within SunFlash does not imply an endorsement of that product or
publication by Sun Microsystems.

John McLaughlin, SunFlash editor, flash@sunvice.East.Sun.COM. (305) 776-7770.

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