Palm Joins Nasdaq-100 Index 11/6/2000:
Monday October 30, 7:00 am Eastern Time
Press Release
SOURCE: The Nasdaq Stock Market
Palm, Inc. to Join the Nasdaq-100 Index Beginning November 6, 2000
WASHINGTON, Oct. 30 /PRNewswire/ -- Palm, Inc. (Nasdaq: PALM - news), of Santa Clara, California, will become a component of the Nasdaq-100 Index®, effective at the beginning of trading Monday, November 6, 2000. Palm will also be included in the Nasdaq-100 Index Tracking Stock(SM) (Amex: QQQ - news). Palm will replace Global Crossing Ltd. (GBLX), which is delisting from The Nasdaq Stock Market®.
With a market capitalization of over $34 billion, Palm is a pioneer in the field of mobile and wireless Internet solutions and a leading provider of handheld computers. Based on the Palm OS® platform, Palm's handheld solutions allow people to carry and access their most critical information with them wherever they go.
The Nasdaq-100 Index, launched in January 1985, has risen over 48 percent during the past year, although past performance is not necessarily indicative of future performance and Index performance does not represent the performance of the Nasdaq-100 Index Tracking Stock. The Nasdaq-100 Index Tracking Stock represents ownership in the Nasdaq-100 Trust. The Trust holds a portfolio of equity securities that compose the Nasdaq-100 Index and aims to provide investment results that generally correspond with its performance.
The Nasdaq Stock Market lists nearly 5,000 companies, has the largest dollar volume of trades of any financial market, and trades more shares per day than any other U.S. market. Current market capitalization is more than $5 trillion. Nasdaq is a subsidiary of the NASD, the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq Newsroom(SM) at www.nasdaqnews.com.
The Trustee for the Nasdaq-100 Trust is required to adjust the composition of the Trust within 3 business days of the effective date of a change to the composition of the Nasdaq-100 Index.
While there is no assurance that the performance of the Nasdaq-100 Index can be fully matched, Nasdaq-100 Shares are designed to provide investment results that generally correspond to the performance of the Nasdaq-100 Index.
For more complete information about Nasdaq-100 Shares, including charges, expenses and potential risks, obtain a prospectus from your broker, or call (800) 843-2639 or visit our Web site at www.nasdaq-100.com. Read it carefully before you invest.
The sponsor of the Nasdaq-100 Trust(SM), a unit investment trust, is Nasdaq Investment Product Services, Inc. (``NIPS''), a wholly owned subsidiary of The Nasdaq Stock Market, Inc. (``Nasdaq,'' and collectively with its affiliates except NIPS, the 'Corporations``). ALPS Mutual Funds Services, Inc. a registered broker-dealer, is distributor for the Trust. Investment returns and principal value will fluctuate so that an investor's shares, when redeemed or sold, may be worth more or less than the original cost.
``Nasdaq'' and related marks are trademarks or service marks of Nasdaq and have been licensed for use for certain purposes by NIPS. The Nasdaq-100 Index is composed and calculated by Nasdaq without regard to Nasdaq-100 Shares. The Corporations make no warranty, express or implied, and bear no liability with respect to Nasdaq-100 Shares. The Corporations and NIPS make no warranty, express or implied, and bear no liability with respect to the Nasdaq-100 Index, its use or any data included therein.
SOURCE: The Nasdaq Stock Market |
