Comcast Corporation to Join FORTUNE e-50 Index.Business Editors NEW YORK--(BUSINESS WIRE)--July 25, 2002 FORTUNE announced today that Comcast Corporation (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 : CMCSK) will be 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 Monday, July 29, 2002, replacing component Qwest Communications International, Inc. (NYSE NYSE See: New York Stock Exchange : Q). Comcast, headquartered in Philadelphia, Penn., manages and operates a large cable network in the U.S. and provides broadband data services over its network. The company is also involved in the development of content, commerce and programming services. Comcast reported revenue of $2.7 billion for the three-month period ended 3/31/2002. Index components are ordinarily removed from the Index if, during a 25-consecutive-trading-day-period, a company's closing share price falls below $5.00, daily 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. is less than 100,000 shares, or total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. is below $100 million. During the past 25 trading days, Qwest's closing share price remained below $5.00. The FORTUNE e-50 Index was developed by the editors of FORTUNE to be the definitive benchmark of the Internet economy. 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 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. The FORTUNE e-50 Index is licensed for use as the basis of a number of investment products including the FORTUNE e-50(TM) Index Tracking Stock (AMEX AMEX See: American Stock Exchange : FEF FEF forced expiratory flow. FEF abbr. forced expiratory flow FEF forced expiratory flow rate. ), as well as futures and options on futures. These products are not sponsored, sold, promoted or endorsed by FORTUNE, a division of Time Inc., and FORTUNE makes no representation and has no liability with regard to investing in them.
FORTUNE e-50 Index - Effective July 29, 2002
ACTION COMPANY INDUSTRY SUBSECTOR
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ADDED Comcast Corporation Internet Communications
DELETED Qwest Communications Internet Communications
International, Inc
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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