ADTRAN Named to Nasdaq 100 Index.HUNTSVILLE, Ala.--(BUSINESS WIRE)--Dec. 19, 1996--ADTRAN, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADTN), a leading designer, developer and manufacturer of high-speed digital networking equipment, announced today that the company has been named a Nasdaq 100 Index Nasdaq 100 Index A market-capitalization-weighted index of the largest and most active nonfinancial domestic and international issues listed on the Nasdaq Stock Market. (R) stock by 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. . The Nasdaq 100 Index comprises one hundred of the largest domestic, non-financial common stocks listed on the Nasdaq Stock Market. Representing the most actively traded Nasdaq issues, the index includes such familiar names as Microsoft and Intel. The Nasdaq 100 is one of the most widely used benchmarks of today's market. Criteria for the index include a minimum market value of $500 million and an average daily trading volume of 100,000 shares. ADTRAN 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. and Chairman Mark C. Smith stated: "This honor is due to the diligent efforts of the entire ADTRAN organization. Every ADTRAN employee can take pride in this accomplishment." ADTRAN was established in 1985 to design, develop and manufacture advanced transmission products for high-speed digital communications. ADTRAN is a primary provider of DDS (1) (Digital Data Storage) See DAT. (2) (Data Dictionary System) See QuickBuild and OpenDDS. (3) (Dataphone Digital S , ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. and HDSL digital loop products to Regional Bell Operating Companies and many well known OEMs. The broad selection of customer premises products offered by ADTRAN includes a complete line of DSU/CSUs, a variety of ISDN extension and network terminating products and flexible T1 multiplexers. For more information regarding ADTRAN and its products, call 1-800-326-3700, fax (205) 971-8116, or E-Mail: info@adtran.com . ADTRAN may be found on the Internet at http://www.adtran.com . CONTACT: Adtran Inc., Huntsville Carol Nobles, 205/971-8211 or Stacy Thomas, 205/971-8488 |
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