Out of QWST @ 34 1/8......I hope to re-enter lower before close.
SOURCE: The Nasdaq Stock Market
Qwest Communications International to Join The
Nasdaq-100 Index Beginning Friday, August 28
WASHINGTON, Aug. 25 /PRNewswire/ -- Qwest Communications International,
Inc. (Nasdaq: QWST - news), of Denver,
Colorado, will become a component of the Nasdaq-100 Index(R), effective at the
beginning of trading Friday, August 28,
1998.
Qwest Communications replaces DSC Communications Corporation (Nasdaq:DIGI -
news), which is delisting from The
Nasdaq Stock Market(R) in anticipation of the pending merger of DSC
Communications and Alcatel Alsthom [NYSE:ALA -
news], formerly CGE.
Qwest Communications, with a market capitalization of over $10 billion, is a leading
provider of multimedia services to
businesses and consumers worldwide. The company's planned domestic 18,449-mile
Macro Capacity Fiber Network, of
which 8,550 miles is currently operational, will serve over 130 cities and is scheduled
for completion in the second quarter of
1999. Additionally, Qwest owns transatlantic cable capacity linking the United States to
Europe and will jointly own a
transpacific fiber optic cable connecting the U.S. to the Pacific Rim.
Launched in 1987, the Nasdaq-100(R) is a capitalization-weighted index comprising
100 of the largest non-financial stocks that
list on the Nasdaq National Market(R) and is a benchmark for large growth stocks
traded on Nasdaq(R). So far this year, the
Nasdaq-100 Index has risen 38.3 percent.
The Nasdaq Stock Market is the fastest-growing stock market in the United States and
the world's largest electronic market.
Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc.
(NASD(R)), the largest securities industry
self-regulatory organization in the United States. For more information on Nasdaq, visit
its Web site at nasdaq.com
or the Nasdaq Newsroom(SM) at nasdaqnews.com.
SOURCE: The Nasdaq Stock Market
Jeff |
