Corning Inc. to Join FORTUNE e-50 Index.Business Editors NEW YORK--(BUSINESS WIRE)--March 20, 2001 FORTUNE announced today that Corning, Inc. (NYSE NYSE See: New York Stock Exchange : GLW GLW Glasgow Airport (UK) GLW Gross Laden Weight GLW Good Lady Wife (Australia) ) will be added to the FORTUNE e-50(TM) Index (Symbol: FEX) after the close of trading on Friday, March 23, 2001, replacing component InfoSpace, 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 : INSP INSP Inspection INSP Inspector INSP Inspect INSP Inspirational Network INSP Institut des Nanosciences de Paris (French) INSP International Nuclear Safety Program INSP International Network on Strategic Philanthropy ). Corning, Inc., a global, technology-based corporation, operates in three broad business segments - Telecommunications, Advanced Materials, and Information Display - and, together with its subsidiaries, manufactures products at approximately 40 plants in 20 countries. Corning, based in Corning, New York Corning, New York is the name of two places in Steuben County, New York, although it most frequently means the City of Corning.
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 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. Over the past 25 trading days, InfoSpace'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 conventional mutual funds, 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 March 23, 2001
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ACTION COMPANY INDUSTRY SECTOR
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ADDED Corning, Inc. Internet Hardware
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DELETED InfoSpace, Inc. e-Company
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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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