CMGI added to the Street.com Index:
Meet the New Red Hot Index: TheStreet.com New Tech 30
By Dave Kansas
Editor-in-Chief
1/5/00 6:31 PM ET
A new year, a new index.
We know you've come to rely on TheStreet.com's Red Hot Index for insight into the hopping part of the stock market. With the new year, we've decided to reconfigure the index, adding 10 new names and rechristening the index TheStreet.com New Tech 30.
During the last month we held a poll of readers to determine the additions and the new name for the index. Michael Scherago wins the prize for choosing the new name, and a high-quality, all-cotton TheStreet.com T-shirt is on its way!
The new index follows the same rules as the previous configuration of the Red Hots: It's weighted by market cap and aimed at telling readers how the most scorching part of the market is performing. The 10 new names are: CMGI (CMGI:Nasdaq - news), Commerce One (CMRC:Nasdaq - news), BEA Systems (BEAS: - news), RF Micro Devices (RFMD:Nasdaq - news), Broadvision (BVSN:Nasdaq - news), Network Appliance (NTAP:Nasdaq - news), Liberate Technologies (LBRT: - news), Akamai Technologies (AKAM:Nasdaq - news), i2 Technologies (ITWO:Nasdaq - news) and FreeMarkets (FMKT:Nasdaq - news).
As part of the addition, we've recalculated the index at a level of 617.90 at the close of Dec. 31; that's a change from the old Red Hot Index's 446.73. |
