Broadcom Corporation to Join the Nasdaq-100 Index Beginning October 30, 2000
WASHINGTON, Oct. 24 /PRNewswire/ -- Broadcom Corporation (Nasdaq: BRCM - news), of Irvine, California, will become a component of the Nasdaq-100 Index®, effective at the beginning of trading Monday, October 30, 2000. Class A Shares of Broadcom will also be included in the Nasdaq-100 Index Tracking Stock(SM) (Amex: QQQ - news). Broadcom will replace Lycos, Inc. (LCOS), which is being acquired by Terra Networks, S.A. (Nasdaq: TRRA - news).
Broadcom is a leading provider of highly integrated silicon solutions that enable broadband digital transmission of voice, video, and data. Using proprietary technologies and advanced design methodologies, the company designs, develops and supplies integrated circuits for a number of broadband communications markets. The company has two classes of common stock, the Class A, which will be included in the Nasdaq-100 Index and Class B, which is not publicly traded. The Class A has a market capitalization of over $34 billion and the company's aggregate market capitalization is over $53 billion.
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 nasdaq.com or the Nasdaq Newsroom(SM) at nasdaqnews.com .
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