Comments on: Palm Removed from Nasdaq-100

The Nasdaq Stock Market announced today its annual re-ranking of the Nasdaq-100 Index and several technology companies, including Palm Inc., have been removed. This index is made up of the 100 largest non-financial stocks listed on Nasdaq. With the bursting of the tech bubble, the market capitalization of many tech companies have dropped precipitously causing several of them to no longer qualify. Other well-known companies being removed from the list include CNET Networks, 3Com, Novell, and RealNetworks.
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Ah, the stock market.

I.M. Anonymous @ 12/17/2001 10:57:46 AM #
One of my friends put it best: "Isn't this just legalized gambling?"

Actually it is worse, and this is a perfect example. Palm's stock value goes below a certain value on a certain date and so they are removed from a meaningless list, and as a result being removed from the list, their stock value drops even further.

RE: Ah, the stock market.
Coyote67 @ 12/17/2001 11:11:26 AM #
Except they don't just remove them without a reason. If a company is delisted from a certain index, there are reasons. And if an index sees that their current value isn't good enough for the index, it gets people to think that maybe...just maybe the company isn't what we think it is. Look at the companies that are removed. Novel...not exactly something you want the nasdaq to represent. A company that is a spec of what it once was. Realnetworks, a joke from the getgo. Their business plan was good until M$ got in there. And cnet who's profits are based on advertising. All the removing from an index shows is that this company is just not what investors should invest in right now.

When you have a Clie shoved up your mouth, you can only talk in vowels.
RE: Ah, the stock market.
I.M. Anonymous @ 12/17/2001 11:14:05 AM #
Investing is not really legalized gambling, however, speculation is. One of the reasons why we have a stock market is to give companies access to capital from investors so that they grow their businesses, and hopefully, provide good return on investment.

Over the decades, the stock market, in general has returned about 8-10% per year to investors, while, various forms of gambling all have a negative agregate return.

So, to equate the two is naive, at best.

RE: Ah, the stock market.
I.M. Anonymous @ 12/17/2001 11:38:44 AM #
The price of Palm shares will probably go down, however, not because of the reason outlined above. The price is the price whether or not something is in the Nasdaq-100 or not. However, there is a lot of indexing going on where index funds must buy and sell stock based on whether it is listed in the index or not. So, there are index funds that must sell these shares now that Palm is not part of the Nasdaq 100.

RE: Ah, the stock market.
I.M. Anonymous @ 12/17/2001 12:08:11 PM #
Forget the meaningless list. Palm will close up today.

A lot of folks are looking to take advantage of this 'early Xmas sale'. Sure to double your money on this one within 6 mths.

RE: Ah, the stock market.
Hed @ 12/17/2001 1:12:41 PM #
Original poster, you obviously don't know anything about the stock market. Yes, I guess you could say it is gambling, but you are looking at, as a previous poster said, an average 8-10% return. You obviously don't know how the stock market works. And to say it is worse than gambling is malarky.


Foo @ 12/17/2001 11:31:53 AM #
A sign of the times, I suppose. But a sad day indeed. :-(

I demand a recount!!

I.M. Anonymous @ 12/17/2001 11:39:59 AM #

They must have forgotten to take the additional $.091 /share price of Be Inc that they bought in to account...

Seriously, many of these tech stocks should have been delisted from the NSADAQ by now.

Palm can rebound!

I.M. Anonymous @ 12/17/2001 12:39:01 PM #
All we need are some red/white & blue faceplates for the m100!

RE: Palm can rebound!
Coyote67 @ 12/17/2001 3:21:50 PM #
The rainbow palm?

When you have a Clie shoved up your mouth, you can only talk in vowels.

When they get booted from the S&P 500...

I.M. Anonymous @ 12/17/2001 6:55:42 PM #
things will be ugly.

Just like a college bragging about its students

TDS @ 12/18/2001 12:21:37 AM #
A lot of colleges only want to bring in the best and brightest students so they can brag about "how bright their students are!" - No, they were bright when you let them in... They would have excelled anywhere.

This is the same thing. The Nasdaq 100 will bring in a better performing stock, the Nasdaq 100 will go up, and they will somehow take credit for being so wonderful.

Hot Air.

Thanks for the correction SeldomVisitor (nt)

Admin @ 11/3/2006 3:32:08 PM #

RE: Thanks for the correction SeldomVisitor (nt)
SeldomVisitor @ 11/3/2006 4:06:16 PM #



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