Really interesting (wierd?) Q spin, from the lead/featured story on the Business page of the NY Times today:
Today, the total value of stocks traded on Nasdaq amounts to $3.7 trillion. The Nasdaq composite index is weighted by market capitalization, and a third of it now is accounted for by just five of the 4,842 companies in the index -- Microsoft, Intel, Cisco Systems, MCI-Worldcom and Qualcomm.
Reading this, if you didn't know better, you'd think that Q has the fifth-highest market cap on the NASDAQ. Of course, that's not true [yet-wait for next year <g>] - for one, Dell still has a cap 2.5x Q'sm and Oracle and Sun are probably still nearly 2x (probably there are others I'm not thinking of).
Either the writer (1) was really mistaken, or (2) added the first hot stock they could think of with an approximate cap of $40-50B to come out to exactly the one-third figure, without considering the potential for misleading the reader.
Either way, it's interesting that they picked Q to round out this set of Quints, and if it was (1) above, interesting that now when we get mis-information in the media, it's actually positive, rather than negative.
Another sign that we've "arrived"?
-Rose-
Link to whole story: search.nytimes.com |
