Carrier1 Shares Listed As Part of NEMAX 50.Business Editors ZURICH, Switzerland--(BUSINESS WIRE)--June 19, 2000 Carrier1 Shares to be listed on exclusive "Top 50" Frankfurt Neuer Markt list Carrier1 International S.A. (Neuer Markt: CJN CJN Canadian Jewish News ; 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 : CONE), a leading European provider of end-to-end Internet, bandwidth, data center and access solutions, announces today the introduction of its shares into the NEMAX NEMAX Neuer Markt Aktien Index 50. The Deutsche Borse AG updated today the NEMAX 50 and the NEMAX-All-Share-Index. The NEMAX 50, or "Blue-Chip-Index," is an exclusive group of the top 50 technology stocks on the Frankfurt Neuer Markt. To gain "membership" to this exclusive list, a company is measured for its relative importance in 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. and trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. . The NEMAX-All-Share Index, in turn, is the broader index comprising all 260 stocks currently listed in this segment of the Frankfurter Wertpapierborse. As of today, Carrier1 shares have been included in the NEMAX-50 index. The Carrier1 Initial Public Offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) took place concurrently on the Neuer Markt and the NASDAQ on February 24, 2000 and was one of the largest IPOs on the Neuer Markt to date. "For our IPO, we chose the two leading new technology markets of today: the Neuer Markt and the NASDAQ," says Stig Johansson, Chief Executive Officer and President of Carrier1. "We are honored to be part of this exclusive NEMAX 50 list of the top new technology stocks on the Neuer Markt today." About Carrier1 Carrier1 International S.A. is a Pan European facilities-based provider of end-to-end Internet, voice, bandwidth, data center, and access solutions. Carrier1 provides its clients with carrier-grade transport and network solutions as well as end-user ready value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services. Carrier1 customers brand and market these solutions and services to their respective end-users. The Carrier1 Pan European inter-city fiber network connects 11 countries and spans over 10,000 route kilometers. Carrier1 is fully operational in all 11 countries and has secured all the necessary interconnect and operational licenses that allow it to provide network solutions and end-user ready value added services. Carrier1 is also constructing at least 20 intra-city fiber networks and, through its investment in the joint venture DigiPlex, is building at least 20 full-service data center facilities. Carrier1 headquarters are in Zurich, Switzerland. Carrier1 is listed on the Neuer Markt in Frankfurt under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CJN" and on the NASDAQ in New York under the ticker symbol "CONE". More information is available at www.carrier1.com. Forward looking statements: This document may contain statements about expected future events and financial results that are forward looking in nature, and, as a result, are subject to certain risks and uncertainties. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbor for "forward looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion