To: Sir Francis Drake who wrote (7658 ) 4/1/2000 8:36:00 PM From: Sir Francis Drake Respond to of 10027
Many who talk about the great opportunities in Europe, are not aware of the fact that there is no way to compare Nasdaq here, and Easdaq in Europe. That's like comparing an elephant (Nas) to a flea, scratch that, to a microbe, a virus, a prion (Eas). The whole grand "exchange" is composed of some 56 stocks, of which 10 are US, 12 UK, with 1 German, 1 Irish, 3 Italian, and a handful others. For all the grand pretensions to "Pan European", not only are most European countries not represented by a single stock, but those that are, are most often a handful, sometimes a single one. Take a look at this (please use the link, as the formatting is destroyed here):ft.com <<Location: Easdaq is a pan-European market, with headquarters in Brussels and operations in Frankfurt, London and Paris. Under EU regulations Easdaq is governed by Belgium's legal and supervisory system. Date of launch: 27 November 1996 Parent: Easdaq is a privately owned company with close links to Nasdaq. Number of listed companies: 56 fully listed (02/00) Market capitalisation: E56bn (02/00) Easdaq Industries represented: No. of companies - Market capitalisation (Em) Airlines 2 57 Biotechnology / medical equipment 8 1,143 Diversified industrial 3 252 Electronics 9 5,079 Finance 1 247 IT 9 7,914 Leisure 2 150 Manufacturing special equipment 5 801 Services 1 35 Software 10 15,813 Telecommunications 6 24,900 (02/00) History Easdaq was established to meet the demand for capital of high-growth companies. The market's pan-European structure and the option of listing with Nasdaq are designed to give companies access to a wide range of capital sources. Companies need to demonstrate a clear market niche and an ability to conform to entry and reporting requirements in order to qualify. Admission is not dependent upon a long profit history. Easdaq Countries represented: No. of companies - Market capitalisation (Em) Austria 6 915 Belgium 11 8,114 Bermuda 1 737 France 6 2,262 Germany 1 469 Ireland 1 2,130 Israel 2 147 Italy 3 256 Liberia 1 51 Netherlands 2 640 UK 12 19,017 US 10 21,653 (02/00) Standards Companies must have total assets of at least E3.5m and capital and reserves of at least E2m when they come to market. These figures drop to E2m and E1m respectively thereafter. Companies must have a minimum of two Easdaq registered market makers. There should be an adequate free float of shares, normally at least 20 per cent of the total share capital. In addition to these quantitative requirements, Easdaq also undertakes a qualitative review at the time of admission. This focuses on the company's management, business plan and prospects. Easdaq High/Low 1999 1999 Easdaq all share index high: 1497.68 points (12/99) 1999 Easdaq all share index low: 811.39 points (1/99)>> Morgan