Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (10402)	10/30/2002 8:03:20 AM
From: AugustWest	Respond to of 57110

NASDAQ Changes NASDAQ-100 Index Listing Criteria NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- The NASDAQ Stock Market today announced it will change the criteria companies must meet to be included in and remain a component of the NASDAQ-100 Index, which includes many of the world's largest and most dynamic companies across major industry groups. "As one of the most closely watched barometers of market activity in the world, the NASDAQ-100 Index and its eligibility criteria are periodically reviewed to ensure that they reflect the largest, non-financial companies listed on NASDAQ," said John Jacobs, executive vice president, NASDAQ Financial Products. "There are over 400 products in 28 countries that track the NASDAQ-100 Index. It has truly become a world class financial benchmark." Changes to the criteria for inclusion in the index include: * Doubling the minimum average daily trading volume criteria to 200,000 from 100,000 shares; * Removing additional market capitalization thresholds for foreign securities; * Requiring a company that has been listed on a public market less than two years to be in the top 25% of the current Index securities by market value for the previous six consecutive months; and * Prohibiting securities from being included if the annual financial statements of the issuer of the securities cannot currently be relied upon. Changes to the continued inclusion criteria include: * Establishing a minimum market value threshold requiring a security to equal or exceed .10% of the Index at the end of each month; and subjecting securities to removal from the Index if they fail to meet this threshold for two consecutive months; and * Prohibiting securities from being included if the annual financial statements of the issuer of the securities cannot currently be relied upon. To view a complete list of the criteria, click here: dynamic.nasdaq.com The new criteria will be implemented on October 30, 2002 and will be applied when determining which securities will be included and excluded in the annual ranking of the NASDAQ-100 Index in December 2002. NASDAQ (OTC Bulletin Board: NDAQ) is the world's largest electronic stock market. With nearly 3,800 companies, NASDAQ lists more companies and trades more shares per day than any other U.S. market. Over the past five years, NASDAQ has outpaced all other U.S. markets in listing IPOs. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, media and biotechnology industries. NASDAQ is a key driver of capital formation. For more information about NASDAQ, visit the NASDAQ Web site at nasdaq.com or the NASDAQ Newsroom(SM) at nasdaqnews.com . Make Your Opinion Count - Click Here tbutton.prnewswire.com SOURCE The NASDAQ Stock Market, Inc. -0- 10/30/2002 /CONTACT: Wayne Lee, +1-301-978-4875, or Melissa Fox, +1-212-768-2535, both of The NASDAQ Stock Market, Inc./ /Web site: dynamic.nasdaq.com nasdaqnews.com nasdaq.com (NDAQ) CO: NASDAQ Stock Market, Inc. ST: New York IN: FIN OTC SU: * end of story *