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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Sabrejet who wrote (5447)4/1/1998 10:10:00 AM
From: Erik H. East  Read Replies (1) | Respond to of 10227
 
seczebra:

Not kidding. That was a very rough calculation of the total value of NXTL shares ($ 1.25 billion) that had to be purchased by the S&P 500 index funds yesterday in order for them to continue to track the index. All companies that go into the 500 see a pop on the day that it happens.

It is basically a one day event but the stock will have more visibility from now on.

Hope this helps.


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