ATTW added to S&P 500
AT&T Wireless Group, which has been spun off to AT&T Corp. shareholders, replaced Potlatch Corp., an integrated forest products company, in the S&P 500 Index at the close of trading July 6. Standard & Poor’s Corp. said early July 6 it would adjust the share price of AT&T Corp. in the S&P 500 and the S&P Global 100 indices “to account for the distribution of AT&T Wireless Group to AT&T shareholders.” S&P moved Potlatch Corp. to the S&P Midcap 400 Index, where it replaced Ryerson Tull Inc., a steel processor and distributor. “Company additions to and deletions from and S&P equity index do not in any way reflect an opinion on the investment merits of the company,” Standard & Poor’s said.
CellStar CEO to retire
Alan H. Goldfield, CellStar Corp.’s founder, chairman and chief executive officer, announced his plans to retire, effective immediately. James L. “Rocky” Johnson, member of the board since 1994, will become chairman of the board and Terry S. Parker, member of the boar and former president and chief operating officer, will rejoin the company as chief executive officer.
Goldfield will serve as chairman emeritus and assist CellStar on a consulting basis as well as work with the company’s growing Asian management team.
