Bellsouth Corporation to Join FORTUNE e-50 Index.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 7, 2002 FORTUNE announced today that BellSouth
See: New York Stock Exchange :BLS See Bureau of Labor Statistics. ) was added to the FORTUNE e-50(TM)Index (Symbol:FEX FEX Fexofenadine FEX Funding Exchange FEX File Extension FEX Flight Engineer FEX Field Exercise FEX Feature Extraction FEX Fluorescence Excitation FEX Fleet Exercise FEX Frequency Extender FEX Freshmen Externships FEX Floating Point Enabled Exception ) after the close of trading on Friday, October 4, 2002, replacing component PayPal, Inc. (Nasdaq:PYPL). BellSouth, based in Atlanta, provides voice and data services to more than 44 million residences and businesses in the US and 14 other countries. The company reported revenue of $7.2 billion for the quarter ended June 30, 2002. Index components that cease to trade due to mergers, acquisitions, LBOs, bankruptcies, or other developments of a material nature are removed as of the close of trading on the effective date of the corporate action. eBay Inc. completed its acquisition of PayPal, Inc. on Thursday, October 3, 2002, after the market close. The FORTUNE e-50 Index was developed by the editors of FORTUNE to be the definitive benchmark of the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . Index component selections are made at the discretion of the FORTUNE Index Committee. In general, the Committee selects the 50 companies that best represent the Internet economy in the subsectors of e-Companies, Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the Communications, Internet Hardware, and Internet Software and Services. Company additions to and deletions from the FORTUNE e-50 Index do not in any way reflect an opinion on the investment merits of the company. For more information about the FORTUNE e-50 Index, including Index policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental , as well as the entire list of companies in the FORTUNE e-50 Index, visit http://indexes.fortune.com. Index updates and changes can be viewed at www.amextrader.com.
FORTUNE e-50 Index - Effective October 4, 2002
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ACTION COMPANY INDUSTRY SUBSECTOR
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ADDED BellSouth Corporation Internet Communications
DELETED PayPal, Inc. e-Company
FORTUNE and FORTUNE e-50 are trademarks of Time Inc. FORTUNE makes no warranty as to the accuracy and/or completeness of the FORTUNE e-50 Index or the data included therein or the results to be obtained from the use of the FORTUNE e-50 Index or the data included therein. |
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