Blackberry maker dropped from Nasdaq 100
WASHINGTON – Canadian company Research in Motion, the makers of BlackBerry telephones, will no longer be part of the Nasdaq 100 index, the market operator said Saturday on its web site.
The index – which includes the 100 largest non-financial companies listed on the electronic exchange – said Research in Motion (RIM) was one of ten companies to be removed from the index in its annual revision process.
RIM has seen its star fade over the past several years as it faced stiff competition from the advent of smart phones like the iPhone and others running the Android platform.
Facing difficulties, the company is pinning its hopes on the BlackBerry 10, to be unveiled January 30 – a new generation of phones and operating system.
Among the companies joining the Nasdaq 100 on Monday are, notably, semi-conductor maker Analog Devices and Internet infrastructure company VeriSign.
Get Inquirer updates while on the go, add us on these chat apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94