Research In Motion and Netflix Removed from NASDAQ 100

Posted by Knowlton Thomas

Waterloo-based Research In Motion will be removed from the Nasdaq 100 at the end of this year, the stock market index announced this week.

The index includes the 100 largest non-financial stocks listed on the Nasdaq stock market. This means a variety of companies are being added and removed to keep the index up to date. Facebook is the most notable addition to the index, at least among techies. Other additions include Analog Devices, Catamaran Coproration, and Liberty Global.

Of course, for each addition there must be a removal. For Canadians, the most notable removal is that of RIM. Other technology companies to say goodbye include Electronic Arts and Netflix, as well as Marvell Technology Group and VeriSign.

"Since its inception, the Nasdaq-100 Index has evolved into a world-renowned brand that includes the 100 largest non-financial stocks listed on The Nasdaq Stock Market," said Nasdaq OMX Executive Vice President John L. Jacobs. "The securities being added to the Nasdaq-100 Index will join Facebook, Costco, Apple, Google and other household names that are leading the new economy forward. Our objective re-ranking process ensures the Nasdaq-100 remains a relevant investable index that is the underlying benchmark for about 7,100 products in 22 countries with a notional value of about $1 trillion."

The Nasdaq 100 launched in 1985 and has returned 2,040% since inception on a cumulative price return basis. It is adjusted once annually.

 

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more

Company:
Netflix
Website:
http://www.netflix.ca
Location:
Los Gatos, California, United States

With more than 15 million members, Netflix, Inc. [Nasdaq: NFLX] is the world’s largest subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. For $8.99 a month, Netflix members can instantly watch unlimited TV episodes and movies streamed to their TVs and computers and can receive unlimited DVDs delivered quickly to their homes. With Netflix, there are never any due dates... more


blog comments powered by Disqus

Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



Who's Hiring



Recent Comments

Powered by Disqus