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.

Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: geoffrey Wren who wrote (7362)	11/25/1998 5:52:00 AM
From: Q.	Read Replies (2) \| Respond to of 10921

Geoff, the SOX is weighted by share price, not market cap. Intel counts the most only because it has the highest stock price among the index components, not because it has the highest market cap. If Intel were to split its stock in half, then Rambus would have a greater weight than Intel. Which seems a little arbitrary, doesn't it? The semi-equip components in the SOX are AMAT, KLAC, and NVLS, which were yesterday a combined 16.3% of the index. Among these, NVLS had the greatest weight, due to its highest stock price. So it is primarily an index of semiconductor manufacturers. Details can be found here: phlx.com