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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: Debt Free who wrote (3473)	6/11/1998 9:32:00 PM
From: Ian@SI	of 4697

DJIA index is calculated by simply adding up the current price of the 30 stocks and dividing by a constant (currently close to .25) which was used to preserve the integrity of the index with all the splits, mergers, additions, deletions. It had to be simple. When Charles Dow started it at the beginning of the century(I believe), there were no Pentiums and the print deadline was much earlier than today. :-)

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