To: Cytokine1 who wrote (4998 ) 5/29/1998 12:41:00 AM From: Rocketman Respond to of 9719
INCY added to Wired's "New Economy" Stock Index Thursday May 28, 9:34 pm Eastern Time Wired Magazine offers up alternative to Dow 30 NEW YORK, May 28 (Reuters) - A century into the life of the most-watched of all stock market benchmarks, the Dow Jones Industrial Average, a leading technology magazine has offered a blue chip index of its own that tracks the ''new economy.'' In its June issue, Wired magazine, the post-modern monthly obsessed with all matters digital, said its decision to develop a 40 stock index was borne out of the desire ''to do for the information age what the Dow did for its predecessor: track the growth of the companies that are building the new economy.'' The index includes technology bellwethers like Intel Corp (INTC - news) and Microsoft Corp (MSFT - news), neither of which is a Dow 30 stock, but not International Business Machines Corp (IBM - news) or Hewlett-Packard Co (HWP - news) both of which are. The Wired index is also rich in telecommunications and media stocks and a more international flavor than the strictly New York Stock Exchange-listed stocks in the Dow. Included are Walt Disney Co (DIS - news), Australia's News Corp Ltd (NCP.AX) and WorldCom Inc (WCOM - news) but not AT&T Corp (T - news). Only Disney and retailer Wal-Mart Stores Inc (WMT - news) are members of both the Dow 30 and Wired 40. Wired, which is being acquired by Advance Publications Inc.'s Conde Nast Publications Inc unit, cited globalism, innovation and intelligent use of technology as some of the key traits marking admission to the index. Wired magazine's former parent company Wired Ventures has an online news venture with Reuters Group Plc (quote from Yahoo! UK & Ireland: RTR.L), which also is in the index. The full Wired magazine index, listed alphabetically, follows. Acxiom Corp (ACXM - news); Affymetrix Inc (AFFX - news); American International Group Inc (AIG - news); America Online Inc (AOL - news); AMR Corp (AMR - news); Applied Materials Inc (AMAT - news); Cable and Wireless Plc (quote from Yahoo! UK & Ireland: CW.L); Charles Schwab Corp (SCH - news); Cisco Systems Inc (CSCO - news) and Daimler-Benz AG (DAIG.F). Dell Computer Corp (DELL - news); EMC Corp (EMC - news); Enron Corp (ENE - news); FDX Corp (FDX - news); First Data Corp (FDC - news); Globalstar Telecommunications Ltd (GSTRF - news); Incyte Pharmaceuticals Inc (INCY - news); Intel; Lucent Technologies Inc (LU - news) and Marriott International (MAR - news). Microsoft; Monsanto Co (MTC - news); News Corp; Nokia AB (NOKSa.HE); Nucor Corp (NUE - news); Parametric Technology Corp (PMTC - news); PeopleSoft Inc (PSFT - news); Qwest Communications International Inc (QWST - news); Reuters and Schlumberger Ltd (SLB - news). SmithKline Beecham Plc (quote from Yahoo! UK & Ireland: SB.L); Sony Corp (6758.T); State Street Corp (STT - news); Sun Microsystems Inc (SUNW - news); Thermo Electron Corp (TMO - news); Wal-Mart; Walt Disney; Wind River Systems Inc (WIND - news); WorldCom and Yahoo Inc (YHOO - news). biz.yahoo.com Hope this is good for a price spike and some analyst upgrades. At least somebody out there understands the New Economy of the next century!!! Rman