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The eBearing News
August 31, 2005


Timken Named to S&P MidCap 400
copyright © 2005 eBearing Inc.

The Timken Company (USA, publicly traded on the NYSE as TKR) has been named to the Standard & Poor's MidCap 400 Index.

Timken is replacing Coventry Health in the MidCap 400; Timken will be placed in the S&P MidCap 400 Global Industry Classification Standard (GICS) Industrial Machinery Sub-Industry Index. Now, 58 companies make up the Industrial portion of the index.

S&P describes the MidCap 400:
The S&P MidCap 400 is the most widely used index for mid-sized companies. Today, mid-caps are recognized as an independent asset class, with risk/reward profiles that differ considerably from both large-caps and small-caps. It covers approximately 7% of the U.S. equities market, and is part of a series of S&P U.S. indices that can be used as building blocks for portfolio construction.
Timken's resulting vacant position in the SmallCap 600 is being taken by ASV Inc.

S&P made the changes, cautioning, "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."

S&P Index Methodology

Almost exactly four years ago, in mid-August 2001, Timken was removed from the prestigious S&P 500 and moved to the SmallCap 600.

article: Timken removed from S&P 500

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- by Bruce A. Carr
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.