Friday, December 10, 2010

F5 Tapped For S&P 500, Concur Moves To S&P MidCap 400

Seattle-based F5 Networks, the maker of load balancing and other network hardware, has been chosen to join the prominent S&P 500 Index, S&P said Thursday, joining DVD rental service Netflix as one of three new companies in the index. The new firms replace The New York Times, Office Depot, and Eastman Kodak, which are being dropped from the index and being shifted to S&P's MidCap 400. In a vote of confidence for Seattle's tech sector, the S&P also said it had added Concur Technologies, the Redmond-based maker of corporate expense and travel management software, to its S&P MidCap 400, an upgrade from the S&P SmallCap 600.