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Schein, Cablevision make Fortune 500 list

The corporate headquarters of Henry Schein in Melville

The corporate headquarters of Henry Schein in Melville on May 7, 2012. Credit: Ed Betz

Two public companies on Long Island made the annual Fortune 500 list, the magazine announced Monday.

Henry Schein Inc., a distributor of medical, dental and veterinary products, ranked 303 on the magazine's list of largest U.S. public companies, which is based on 2011 revenue.

Melville-based Schein moved up 14 spots with revenue of $8.5 billion, a gain of 13.3 percent from 2010.

"We are very pleased by this recognition of our ability to record steady growth even during challenging economic times," said Stanley M. Bergman, Schein's chief executive. He also noted the company debuted on the Fortune list in 2004 at No. 487.

The other local entry was Cablevision Systems Corp., the cable television provider, which placed at 348 this year, with 2011 revenue of $7.25 billion. That was down 1.5 percent from 2010 because in June 2011 Cablevision spun off the television channels AMC, IFC, Sundance Channel and other entertainment properties as an independent public company called AMC Networks Inc., according to a company spokeswoman.

Bethpage-based Cablevision was No. 321 on last year's Fortune list. The company owns Newsday.

A change from the 2011 list is that Arrow Electronics Inc. is now headquartered in Colorado. The distributor designated a Denver suburb as its main office in November, instead of Melville.

Arrow, with revenue of $21.4 billion, ranked 133 this year, up seven spots from a year ago.

In the competition among states, New York was surpassed by California and Texas. Fifty public companies on the list called the Empire State home, while 53 were based in California and 52 in Texas.

This isn't the first time that New York wasn't tops in public companies.

Petroleum giant Exxon Mobil, headquartered in Irving, Texas, edged out Bentonville, Ark.-based Wal-Mart Stores Inc., for the title of biggest public company. In 2011, Exxon Mobil reported revenue of $453 billion compared with Wal-Mart's $447 billion.

The two enormous companies have traded places six times in the past decade. Exxon Mobil has ranked at the top 13 times.

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