FDRY Foundry Networks (MM)

NEW YORK, Dec. 17 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 index: -- Foundry Networks Inc. (NASDAQ:FDRY) will be removed effective after the close of trading on Thursday, December 18. Brocade Communications Systems Inc. (NASDAQ:BRCD) is acquiring Foundry Networks in a deal expected to close on or about that date, pending final approvals. -- Foundry Network's place in the S&P MidCap 400 will be taken by SL Green Realty Corp. (NYSE:SLG) after the close of trading on Monday, December 22. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: http://www.standardandpoors.com/. SL Green Realty Corp. is a real estate investment trust (REIT). Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Office REITs Sub-Industry index. Following is a summary of the change: S&P MIDCAP 400 INDEX - December 18, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY DELETED Foundry Networks Information Technology Communications Equipment S&P MIDCAP 400 INDEX - December 22, 2008 COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED SL Green Financials Office REITs Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned. About Standard & Poor's Index Services Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit http://www.standardandpoors.com/indices. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 8,500 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com/. DATASOURCE: Standard & Poor's CONTACT: David M. Blitzer, Ph.D., Managing Director & Chairman of the Index Committee, +1-212-438-3907 Web Site: http://www.standardandpoors.com/

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