NEW YORK, Nov. 3, 2008 (GLOBE NEWSWIRE) -- Seagate Technology (Nasdaq:STX) of the Cayman Islands, will become a component of the NASDAQ-100 Index(r) (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on Monday, November 10, 2008. Seagate Technology will replace Monster Worldwide, Inc. (Nasdaq:MNST).
With a market capitalization of approximately $3.3 billion, Seagate Technology designs, manufactures, and markets hard disk drives and storage solutions for a wide-range of applications, including enterprise, desktop, mobile computing, consumer electronics and external storage.
The NASDAQ-100 Index, launched in January 1985, is one of the most widely followed benchmarks in the world.
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,900 companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.
Neither The NASDAQ OMX Group, Inc. nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
NDAQO