Wednesday, November 28, 2007

New NASDAQ Internet Index (sm) is Up For Takes

Although they announced yesterday the new NASDAQ Internet Index (sm) they seem to keep the list hidden. I gave up yesterday after searching for it. I just wanted to see if all the social networking sites are on the list.

But today I found the list, no let me say I found someone who located the list!(Trader Mike), and yes the companies I expected are there but Microsoft is not there!, 1-800 FLOWERS.COM, Inc. starts the list and Yahoo ends it! (China Fire & Security Group, Inc. is listed! may be a block and burn is an Internet access in China.) Following is the News release and now to find out how to get WeSeePeople to that list.

NEW YORK, Nov. 27, 2007 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) today announced it has launched the NASDAQ Internet Index(sm) (Nasdaq:QNET). The Index is a new benchmark designed to track the performance of companies engaged in a broad range of internet-related services including internet access providers, internet search engines, web hosting, website design, and internet retail commerce.

The NASDAQ Internet Index is comprised of securities of companies that are at the forefront of internet technology. They are leading innovators in providing faster internet access, creating more intuitive e-commerce experiences, and developing the second generation Web.

"The NASDAQ Internet Index contains some of the most exciting internet companies traded on NASDAQ and other U.S. exchanges," said NASDAQ Senior Vice President Steven Bloom. "Given the strength of NASDAQ's brand association with innovation and its market share of internet company listings, it is logical for NASDAQ to extend investment opportunities through a new benchmark for this dynamic, evolving sector."

NASDAQ Financial Products (NFP) is engaged in the design, development, calculation, licensing, and marketing of NASDAQ indexes. NFP specializes in the development of indexes focusing on NASDAQ's brand themes of innovation, technology, growth, and globalization. NFP also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ's indexes, visit www.nasdaq.com/indexes.

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