VisorCentral.com - Palm delisted from NASDAQ-100

Show 20 posts from this thread on one page

VisorCentral.com (http://discussion.visorcentral.com/vcforum/index.php)
- Visor General Chat (http://discussion.visorcentral.com/vcforum/forumdisplay.php?forumid=31)
-- Palm delisted from NASDAQ-100 (http://discussion.visorcentral.com/vcforum/showthread.php?threadid=20269)

Posted by foo fighter on 12-17-2001 04:30 PM:

Palm delisted from NASDAQ-100

A sad..sad day.

Read:

http://www.palminfocenter.com/view_Story.asp?ID=2730

__________________
My blog: Pocketfactory

Posted by Techie2000 on 12-17-2001 08:11 PM:

This is a sad day

Although I like Handspring it is imperative Palm continue to prosper and develop its OS. Hopefully they will be relisted. It's also sad that CNet and 3Com also lost their listings .

Posted by PDAENVY on 12-17-2001 08:21 PM:

quote:
The Nasdaq-100 shouldn't be confused with the Nasdaq Composite Index, which is the one commonly meant to when people refer to "The Nasdaq". It measures all Nasdaq domestic and non-US based common stocks, not just the 100 largest.

Don't be confused. PALM has not been unlisted. It has only dropped out of the 100 largest (non-financial) stocks listed on Nasdaq.

quote:
"We re-rank the index every year at this time and it is based on the number of shares outstanding and stock price..."

No action has been taken against PALM, it's just not in the top 100 anymore.

__________________
Jeff

Posted by foo fighter on 12-17-2001 11:39 PM:

quote:
Originally posted by PDAENVY
Don't be confused. PALM has not been unlisted. It has only dropped out of the 100 largest (non-financial) stocks listed on Nasdaq.

Uh...I'm not confused. I am well aware of the differences between the composite index and the Nasdaq-100 listings. I don't believe Palm can be booted off the composite index unless their stock falls below $1.00.

Still, this is terribly sad for Palm. Certainly a fall from grace.

__________________
My blog: Pocketfactory

Posted by Keefer Lucas on 12-18-2001 01:34 AM:

quote:
Originally posted by foo fighter

Still, this is terribly sad for Palm. Certainly a fall from grace.

It will be even sadder for them once Handspring's market cap exceeds Palm's. It could happen.

Posted by PDAENVY on 12-18-2001 02:29 PM:

quote:
Originally posted by foo fighter
Uh...I'm not confused.

Foo, I didn't mean you were confused, I should have quoted Techie2000 who posted:

quote:
Originally posted by Techie2000
...Hopefully they [PALM] will be relisted...

Techie is the one I was trying to help out since it seemed like s/he thought PALM had been delisted.

BTW, here's a page at Nasdaq's website that lists requirements for initial and continued listings. However I've been told that since Nasdaq makes money off of listings, it rarely drops companies unless they've been way under the requirements for a long time (90+ days).

__________________
Jeff

All times are GMT. The time now is 12:42 AM.

Show 20 posts from this thread on one page