Markets & Stocks
Amazon joins Nasdaq 100
December 14, 1998: 12:59 p.m. ET
Modified list of largest stocks marks Nasdaq's change to an 'adjusted index'
NEW YORK (CNNfn) - Online bookseller Amazon.com Inc. leads nine companies added to the Nasdaq 100 Index Monday as part of the exchange's annual reshuffling.
The National Association of Securities Dealers (NASD), Nasdaq's parent company, said the changes mark the first re-balancing of the index, which lists the 100 largest stocks traded on the Nasdaq stock market.
The NASD said the index will change to a modified market-capitalization, or "adjusted," index from a market-capitalization index.
Joining Amazon.com (
AMZN
) on the Nasdaq 100 are: personal-finance software maker
Intuit Inc.
(
INTU
); enterprise software firm
Veritas Software Corp.
(
VRTS
); high-speed Internet service provider
NTL Inc.
(
NTLI
); integrated circuit maker
Vitesse Semiconductor Corp.
(
VTSS
); healthcare company
Lincare Holdings Inc.
(
LNCR
); telecom firm
McLeodUSA Inc.
(
MCLD
); and regional airline
Comair Holdings Inc.
(
COMR
).
Companies removed from the Nasdaq 100 are:
Adtran Inc.
(
ADTN
);
Dura Pharmaceutical Inc.
(
DURA
);
General Nutrition Cos. Inc.
(
GNCI
);
Oxford Health Plans Inc.
(
OXHP
);
PairGain Technologies Inc.
(
PAIR
);
PhyCor Inc.
(
PHYC
);
Sybase Inc.
(
SYBS
);
U.S. Office Products Co.
(
OFIS
); and
Wisconsin Central Transportation Corp.
(
WCLX
).
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