Inktomi gets dropped from Nasdaq 100

[Brett_Tabke]

Inktomi corporation will be removed from the Nasdaq 100 on December 31.
Reuters [dailynews.yahoo.com].

Cnet too...

[grnidone]

Not really related to the article, but this is interesting:

[inktomi.com...]

[littleman]

When you look at their financial statements, it make you wonder why it was ever there.

Earn/Shr
-2.36

[Brett_Tabke]

CMGI and Real gets the axe too.

[siliconvalley.com...]

Of the 13 getting the boot, the surprising ones are 3Com, Palm, and Novell.

[grnidone]

Whoa.. keep in mind there is more than one 'Nasdaq'.

Among others, there is the:
Nasdaq Composite Index: (quotes from Nasdaq.com)

Nasdaq Composite Index: The Nasdaq Composite Index measures all Nasdaq domestic and non-U.S. based common stocks listed on The Nasdaq Stock Market. The Index is market-value weighted. This means that each company's security affects the Index in proportion to it's market value. The market value, the last sale price multiplied by total shares outstanding, is calculated throughout the trading day, and is related to the total value of the Index.

Today the Nasdaq Composite includes over 5,000 companies, more than most other stock market indexes. Because it is so broad-based, the Composite is one of the most widely followed and quoted major market indexes.

and the Nasdaq 100 Index

Nasdaq 100: The Nasdaq-100 Index includes 100 of the largest non-financial domestic companies listed on the Nasdaq National Market tier of The Nasdaq Stock Market. Launched in January 1985, each security in the Index is proportionately represented by its market capitalization in relation to the total market value of the Index.

The Index reflects Nasdaq's largest growth companies across major industry groups. All index components have a minimum market capitalization of $500 million, and an average daily trading volume of at least 100,000 shares.

As I understand, these companies might still be in the Nasdaq Composite even though they are kicked out of the Nasdaq 100

[jeremy goodrich]

Inktomi earnings at negative something? how do you call that earnings? I think they need to come up with a new term, like "loss per share : an aweful lot" don't buy them...

[skibum]

There are still lots of companies, especially tech in the negative "earnings" per share. Ink has lots of company. Ink is a star compared to Verisign at --$71.58/share [cbs.marketwatch.com]