Internet and Technology Stocks Make Nasdaq 100
January 15, 1999 10:02 AM
AUSTIN, Texas--(BUSINESS WIRE)--Jan. 15, 1999--Several Internet and technology equities are among those newly included in the prestigious Nasdaq 100 Index.
Further, the components of the Nasdaq 100 will now be collectively traded in the fashion of a mutual fund on the American Stock Exchange.
Joining the Nasdaq 100 are Amazon.com.Inc. AMZN , Intuit. Inc., INTU , Veritas Software Corporation VRTS and Vitesse Semiconductor VTSS .
As per a Nasdaq report, the above noted equities will additionally be traded as part of the index according to a recent Nasdaq report stipulating the following:
"In the first quarter of 1999, The Nasdaq-Amex Market Group(sm) expects to introduce an innovative new Index Share product based on the Nasdaq-100 Index, enabling investors to make a single investment in the Nasdaq-100 companies as a whole.
"The product will be similar to Standard & Poor's Depositary Receipts(R)(SPDRS(R)), the Dow Industrials(sm) (DIAMONDS(sm)) and the World Equity Benchmark Shares(sm) (WEBS(tm)) in that it will act like a mutual fund, but trade like a stock on the floor of the American Stock Exchange.
"Investors who purchase shares of Nasdaq-100 will actually be buying into a trust which holds a portfolio consisting of Nasdaq-100 securities."
Access to that full report and greater detail has been archived at the C.I.C.'s free Web site located at www.e-tail.org. Users of the site will also be given access to free real-time quotes, Internet Indexes and crucial news.
Among the current technology and Internet equities comprising the Nasdaq 100 are Dell Computer DELL , Sun Microsystems SUNW , Intel Corporation Inc. INTC , Apple Computer AAPL , Yahoo Inc. YHOO , Netscape Communications NSCP , Microsoft Corporation (Nasdaq MSFT) and Cisco Systems Inc. CSCO .
Information specific to Internet, technology and related equities is available free of charge at www.e-tail.org from anywhere on the World Wide Web. The C.I.C. is a free, informational outlet designed as a service to a quickly growing industry. The creators of this site hold no public opinion of any publicly traded equity and usage of the free site shall constitute agreement to hold harmless the creators for any information contained therein. |
