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Palm delisted from NASDAQ-100


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Topic: Palm delisted from NASDAQ-100

foo fighter
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Registered: Oct 1999
Location: I'm not sure, but I see lots of lights everywhere.
Posts: 1287

Palm delisted from NASDAQ-100

A sad..sad day.

Read:

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

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12-17-2001 04:30 PM

Techie2000
Member

Registered: Aug 2001
Location:
Posts: 383

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 .

12-17-2001 08:11 PM

PDAENVY
Member

Registered: Nov 1999
Location: Ann Arbor, Michigan USA
Posts: 790

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.

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Jeff

12-17-2001 08:21 PM

foo fighter
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Registered: Oct 1999
Location: I'm not sure, but I see lots of lights everywhere.
Posts: 1287

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.

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12-17-2001 11:39 PM

Keefer Lucas
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Registered: Feb 2001
Location: Atlantic Rim
Posts: 570

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.

12-18-2001 01:34 AM

PDAENVY
Member

Registered: Nov 1999
Location: Ann Arbor, Michigan USA
Posts: 790

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).

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Jeff

12-18-2001 02:29 PM

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