CMVT to be in the NASDAQ-100 index starting on Jan. 13, 1999 !
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Comverse Technology Inc. to Join Nasdaq-100 Index Beginning on January 13, 1999
PR Newswire - January 07, 1999 18:35
WASHINGTON, Jan. 7 /PRNewswire/ -- Comverse Technology Inc. (Nasdaq: CMVT), of Woodbury, New York, will become a component of the Nasdaq- 100 Index(R), effective at the beginning of trading Wednesday, January 13, 1999. Comverse Technology will replace HBO & Company (Nasdaq: HBOC), which is being acquired by McKesson Corp.
Comverse Technology Inc., with a market capitalization of $3.5 billion, designs, manufactures, markets and supports computer and telecommunications systems and software for multimedia communications and information processing applications by fixed and wireless telephone network operators, government agencies, call centers, financial institutions and other organizations.
The Nasdaq-100 Index, launched in January 1985, has risen more than 80 percent since the beginning of 1998, although past performance is not necessarily indicative of future performance. The Nasdaq-Amex Market Group(SM), which operates The Nasdaq Stock Market and the American Stock Exchange(R), is a subsidiary of the National Association of Securities Dealers, Inc. (NASD(R)), the largest securities-industry, self-regulatory organization in the United States. The union of Nasdaq(R) and Amex(R) creates the world's first financial market that brings together central auction specialist and multiple Market Maker systems.
For more information on Nasdaq, visit its Web site at nasdaq-amex.com or the Nasdaq-Amex Newsroom(SM) at nasdaq-amexnews.com.
SOURCE National Association of Securities Dealers
/CONTACT: Mike Shokouhi of Nasdaq, 202-728-8197, or Paul Baker of
Comverse, 516-677-7226/
/Web site: nasd.com
/Web site: nasdaq-amex.com
/Web site: nasdaq-amexnews.com
(CMVT HBOC) |
