ADC To Remain In The NASDAQ-100 Index.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Dec. 13, 2002 ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. (Nasdaq:ADCT ADCT Adaptive Discrete Cosine Transform , www.adc.com) today announced it was notified by representatives of The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. that ADC will remain in the NASDAQ-100 Index. Today, NASDAQ issued a news release regarding its annual re-ranking of the Index, which includes ADC. "We are proud to be a member of the NASDAQ-100 Index, which includes the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. ," said Rick Roscitt, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ADC. "ADC's continued inclusion in the NASDAQ-100 Index is a strong testament to our employees, who have made tremendous progress during 2002 in rightsizing Selecting a computer system, whether micro, mini or mainframe, that best meets the needs of the application. and strengthening our business to grow value for both our customers and investors worldwide." Following discussions with representatives of The NASDAQ Stock Market in November 2002, ADC announced on November 22 that it believed it was likely to be removed from this Index, however, the final determination would be made by NASDAQ and announced on December 13 based upon calculations performed in accordance with the NASDAQ-100 Index rules. About ADC ADC is The Broadband Company(TM). ADC offers high-quality, value-added solutions of network equipment, software and systems integration services that enable communications service providers to deliver high-speed Internet, data, video and voice services to consumers and businesses worldwide. ADC (Nasdaq:ADCT) has sales into more than 100 countries. Learn more about ADC Telecommunications, Inc. at www.adc.com. |
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