Gaming companies break into listing of largest nonfinancial stocks on the market.
Every December, the Nasdaq stock exchange revises its list of the 100 biggest nonfinancial companies trading on the market, ushering in companies on their way up and kicking out those who fell behind the curve. This year the exchange is welcoming a dozen new companies into the fold, including game publisher Activision and graphics chipmaker Nvidia.
"The re-ranking is a unique event in that investors ultimately determine which companies are members of one of the most closely followed indexes in the world," John L. Jacobs, executive vice president of Nasdaq, said in a statement. "The re-ranking process is objective, rules-based and transparent--one that ensures the Nasdaq 100 Index will continue to be an important benchmark by which you can invest in a diverse array of Nasdaq-listed companies."
Activision and Nvidia join respective game-industry rivals Electronic Arts and ATI on the Nasdaq 100, which also features the likes of Dell, Intel, Pixar, and Starbucks. Google, Urban Outfitters, Expedia, and Monster Worldwide were among the incoming Nasdaq 100 companies, while Dollar Tree Stores, Novellus Systems, and Sanmina-SCI Corporation are among the departing dozen.
Inclusion in the Nasdaq 100 is good news for those companies and their shareholders because fund managers trying to duplicate the index will be more likely to pick up shares in them. Also, shares from each company are included in the Nasdaq 100 Index Tracking Stock, among the world's most actively traded exchange-traded funds, going by average volume of daily share trading, and the most actively traded listed equity security in the US.
LOL since i trade stocks non-financial means company's that arent financial institutions (i.e. banks, loan comps, credit cards, ect) basically this means that by them making the list old rich white men who care nothing for gaming will invest tons of money into these comps thus giving the comps collateral to get loans for better/stronger development. This is what made EA and Nvidia bigger then their rivals. 2006-07 is expected for SEGA, TTwo, UBI, and ACTIVISION to overtake EA's position and raise the overall videogame market. So basically who ever has the good game at a lower price ($50) is really gonna come out as king!
Im too lazy too read.. i just wanted to have my comment on the first page. haha. but i did read half of it. lol.
Ha! Nvidia owns! Message: If the PS3 has a good online ability, Sony might get Nvidia to release new drivers for the GPU making the system like 1.5 times faster. I doubt you can expect ATI to do something like that for The Xbox 360 or Revolution. Maybe after a driver update, that Killzone 2 CGI trailer won't be so unattainable...
...Google does socks/money trading? Hope they have SONY, Square, Enix & Square-Enix on the list :p. Btw Ubisoft too for thier 'Lapis' Game :D
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