Cerprobe chosen as one of one hundred Small-Cap Tech Stocks for Next Wave 100 index.
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Stock Index For The New Economy Introduced
Next Wave 100(TM) Comprised Of Leading Small-Cap Technology Companies Represents The Growth Engines of Today's Innovation Driven Economy
GREAT NECK, N.Y., April 23 /PRNewswire/ -- Next Wave Stocks ( nextwavestocks.com ), the magazine on the Internet that provides ''Intellectual Capital for the Professional Investor,'' today announced the introduction of the Next Wave 100a Index. The Next Wave 100 is the first stock index to track the performance of leading small-cap technology companies in three sectors: Information, Industrial, and Bio/Med Technologies, the most important growth engines of today's information and knowledge driven economy.
Joshua Z. Levine, Editor of Next Wave Stocks, said: ''While accepted benchmarks of small-cap performance do exist, these indexes generally include stocks with market caps averaging around $1 billion and ignore a huge cross-section of smaller high-tech companies that are already making their mark. In addition, none of the major indexes reflect the broad diversity of technology industries.
''Considering that technology is the primary growth driver in the new economy today, it is surprising that the major indexes neglect the small-cap segment of the most vital industries. Now, with the introduction of the Next Wave 100 as a feature of our on-line magazine, investment professionals and individual investors can readily use our Web site to monitor comparative stock performance and data, news and analysis of the companies in this index.''
Technology businesses now make up about 12 percent of the U.S. Gross National Product, and almost 16 percent of the S&P 500 composite index are technology stocks. Of 11 sectors tracked by IBES International Inc., technology has the highest expected long-term earnings growth, at 21%, compared with 16% for all the companies IBES tracks. In 1998 alone, even after the latest round of downward revisions, they are expected to grow 26%, only behind health care. As a group, technology earnings have grown 28% a year in the last five years.
Incredibly, most technology companies are still in their infancy. Many of today's industry leaders were smallfries or even nonexistent only a decade ago. For example, many of the largest technology stocks in the S&P 500 were only added to the index this decade, such as Microsoft (1994), Dell Computer (1996), Silicon Graphics (1995), Sun Microsystems (1992), Cisco Systems (1993) and 3Com (1995). The relative old-timers are Compaq (1988) and Intel (1971).
The only barometer devoted exclusively to small-cap technology stocks, the Next Wave 100 includes many of the fastest-growing high technology companies in industries such as computer networking, software, semiconductor manufacturing, the Internet, communications (Information Technologies); semiconductor and automation equipment, lasers, scientific instrumentation, advanced materials (Industrial Technologies), and biotechnology, biomedical and drug delivery (Bio/Med Technologies). The average market value of the 100 companies in the index is approximately $180 million.
Next Wave Stocks is a leading Internet-based information resource for investors in small-cap technology companies. In addition to extensive coverage on stocks, the site's ongoing features include Directories of Investment Bankers and Science & Technology Mutual Funds, Databases of Private Placements and Mergers & Acquisitions, as well as several market columns and interviews with leading analysts and fund managers.
Here is a list of the Next Wave 100 component companies:
INFORMATION TECHNOLOGIES: 40 Stocks
Aladdin Knowledge Systems, Inc. (Nasdaq: ALDNF - news); Anadigics Inc. (Nasdaq: ANAD - news); Ansoft Corporation (Nasdaq: ANST - news); Applied Micro Circuits Corporation (Nasdaq: AMCC - news); Asante Technologies, Inc. (Nasdaq: ASNT - news); Broadvision, Inc. (Nasdaq: BVSN - news); Clarify, Inc. (Nasdaq: CLFY - news); Concentric Network Corp. (Nasdaq: CNCX - news); Digi International (Nasdaq: DGII - news); Edify Corp. (Nasdaq: EDFY - news); Emulex Corporation (Nasdaq: EMLX - news); ENCAD Inc. (Nasdaq: ENCD - news); Engineering Animation, Inc. (Nasdaq: EAII - news); Evans & Sutherland (Nasdaq: ESCC - news); Harmonic Lightwaves Inc. (Nasdaq: HLIT - news); Inso Corporation (Nasdaq: INSO - news); International Microcomputer Software Inc. (Nasdaq: IMSI - news); JetForm Corporation (Nasdaq: FORMF - news); Mercury Computer Systems, Inc. (Nasdaq: MRCY - news); Object Design, Inc. (Nasdaq: ODIS - news); Open Text Corporation (Nasdaq: OTEXF - news); Orckit Communications Ltd. (Nasdaq: ORCTF - news); Performance Technologies Inc. (Nasdaq: PTIX - news); Periphonics Corporation (Nasdaq: PERI - news); Phoenix Technologies Limited (Nasdaq: PTEC - news); Puma Technology Inc. (Nasdaq: PUMA - news); Rainbow Technologies, Inc. (Nasdaq: RNBO - news); Rogue Wave Software Inc. (Nasdaq: RWAV - news); SBS Technologies, Inc. (Nasdaq: SBSE - news); SEEC, Inc. (Nasdaq: SEEC - news); Shiva Corporation (Nasdaq: SHVA - news); 3D Systems Corporation (Nasdaq: TDSC - news); Tier Technologies, Inc. (Nasdaq: TIER - news); Timberline Software Corporation (Nasdaq: TMBS - news); Trident Microsystems (Nasdaq: TRID - news); TriQuint Semiconductor, Inc. (Nasdaq: TQNT - news); ViaSat, Inc. (Nasdaq: VSAT - news); VocalTec Communications Ltd. (Nasdaq: VOCLF - news); WavePhore Inc. (Nasdaq: WAVO - news); XcelleNet Inc. (Nasdaq: XNET - news).
INDUSTRIAL TECHNOLOGIES: 30 Stocks
ADE Corporation (Nasdaq: ADEX - news); Adept Technology Inc. (Nasdaq: ADTK - news); Aetrium Incorporated (Nasdaq: ATRM - news); Align-Rite Inc. (Nasdaq: MASK - news); American Superconductor Corporation (Nasdaq: AMSC - news); Applied Science & Technology Inc. (Nasdaq: ASTX - news); Axsys Technologies, Inc. (Nasdaq: AXYS - news); Brooks Automation (Nasdaq: BRKS - news); Cerprobe Corporation (Nasdaq: CRPB - news); CFM Technologies Inc. (Nasdaq: CFMT - news); Cree Research Inc. (Nasdaq: CREE - news); CyberOptics Corporation (Nasdaq: CYBE - news); Excel Technology Inc. (Nasdaq: XLTC - news); Electro Scientific Industries Inc. (Nasdaq: ESIO - news); Exponent, Inc. (Nasdaq: EXPO - news); Ferrofluidics (Nasdaq: FERO - news); Flow International Corporation (Nasdaq: FLOW - news); GaSonics International (Nasdaq: GSNX - news); JMAR Industries Inc. (Nasdaq: JMAR - news); Mattson Technology Inc. (Nasdaq: MTSN - news); Micrion Corporation (Nasdaq: MICN - news); Nanometrics Incorporated (Nasdaq: NANO - news); Optical Coating Laboratory Inc. (Nasdaq: OCLI - news); Robotic Vision Systems, Inc. (Nasdaq: ROBV - news); Rofin-Sinar Technologies Inc. (Nasdaq: RSTI - news); Semitool Inc. (Nasdaq: SMTL - news); ThermoSpectra Corporation (AMEX: THS - news); Veeco Instruments Inc. (Nasdaq: VECO - news); X-Rite Incorporated (Nasdaq: XRIT - news); Zygo Corp. (Nasdaq: ZIGO - news). |
