tag:,2009:/1/tag:72.47.210.69,2007://1.3310- 2009-11-23T19:40:52Z Comments for The Internet Gets a Stock Index Movable Type 4.23-en tag:72.47.210.69,2007://1.3310 2007-11-27T22:34:11Z 2009-03-28T04:30:11Z The Internet Gets a Stock Index digg_url = 'http://digg.com/tech_news/NASDAQ_Internet_Index_Announced_The_Internet_Gets_a_Stock_Index'; digg_bgcolor = '#ffffff'; digg_skin = 'compact'; Ok bubble prognosticators, start your engines: the Nasdaq stock market today announced the creation of a new index tracking only Internet companies, the NASDAQ Internet Index. The index (^QNET) will track a diverse range of companies covering "Internet access providers, Internet search engines, web hosting,... Josh Catone http://www.readwriteweb.com/ Ok bubble prognosticators, start your engines: the Nasdaq stock market today announced the creation of a new index tracking only Internet companies, the NASDAQ Internet Index. The index (^QNET) will track a diverse range of companies covering "Internet access providers, Internet search engines, web hosting, website design, and Internet retail commerce."

"The NASDAQ Internet Index contains some of the most exciting Internet companies traded on NASDAQ and other U.S. exchanges," said NASDAQ Senior Vice President Steven Bloom in a press release. Bloom said the creation of the index was a logical step for Nasdaq, given their brand association with technology companies and large number of Internet companies listed on their stock exchange. Nasdaq hopes that the new index with be a "benchmark" for tracking the progress of the "the second generation Web" -- is that web 2.0?

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However, we couldn't find any information about which companies are included in the Internet Index. It seems likely that large companies like Amazon, Yahoo!, Google, Microsoft, and eBay (all listed on Nasdaq) would be included on the list. But what about conglomerates like Time Warner or News Corp (who both trade on the NYSE) that have substantial Internet properties? If you have any information on this, please leave a note in the comments.

The NASDAQ Internet Index was up 2.18% on its first day.

Update: Thanks to Frank in the comments who linked to a post this morning on Trader Mike that lists of the components of the Internet Index. It's a pretty diverse list, and all the Internet heavy hitters we suspected -- Google, Amazon, Yahoo, eBay -- are present. Curiously absent, though, are sites like Microsoft and News Corp. who control some of the most popular properties on the Internet (MSN/Live and MySpace/FIM respectively). These companies many not be only Internet companies (but then, is Google just an Internet company anymore?), but their impact on the web is undeniably enormous.

Also of note is that the Index is international, including sits like Baidu and Sohu.

]]> tag:72.47.210.69,2007://1.3310-comment:27031 Comment from David Mackey on 2007-11-27 David Mackey http://www.informednetworker.com/ Seems like a pretty sweet idea to me...I'll be interested to see how they handle the media conglomerates.

]]> 2007-11-28T00:01:10Z tag:72.47.210.69,2007://1.3310-comment:27032 Comment from Heelcandy on 2007-11-27 Heelcandy http://heelcandy.com This is exactly what I was looking for. It's really nice to see NASDAQ not lumping in every internet company into the Technology Index.

]]> 2007-11-28T00:15:29Z tag:72.47.210.69,2007://1.3310-comment:27033 Comment from Kapil Ohri on 2007-11-27 Kapil Ohri http://digitaldhaba.blogspot.com/ Wow! Its a great news. Internet companies need to be looked separtly. But the way Internet companies are moving ahead,they are going to represent a convergence of technology, media and telecom.

]]> 2007-11-28T05:59:44Z tag:72.47.210.69,2007://1.3310-comment:27034 Comment from Crowdstormer on 2007-11-28 Crowdstormer http://www.crowdstorm.com/ This is a great idea, and I'm sure it will show some interesting results. Presumably companies who are not internet-based but who own large, important websites will be included but only based on what the internet branch of their company does?

]]> 2007-11-28T14:45:23Z tag:72.47.210.69,2007://1.3310-comment:27035 Comment from Frank on 2007-11-28 Frank Interesting list:

Components of the NASDAQ Internet Index
http://tradermike.net/2007/11/components_of_the_nasdaq_internet_index_qnet/

]]> 2007-11-28T16:22:23Z tag:72.47.210.69,2007://1.3310-comment:27036 Comment from Richard Ball on 2007-11-28 Richard Ball http://www.apogee-web-consulting.com/blogger/blog.html FYI, you can now download a spreadsheet of the stocks from the NASDAQ site:

http://www.nasdaq.com/asp/index_component.asp?symbol=QNET

Here's that list, sorted by ticker symbol (don't know where I'd be w/o awk and sed), with links to Yahoo Finance for each stock:

http://www.apogee-web-consulting.com/blogger/2007/11/nasdaq-internet-index-components-by.html

]]> 2007-11-28T16:43:10Z tag:72.47.210.69,2007://1.3310-comment:27037 Comment from PJ Brunet on 2007-11-28 PJ Brunet http://www.pjbrunet.com/ It's a sign of weakness. They know the Internet is a more efficient, more interesting, more open marketplace, which is swallowing up interest the stock market. Mindshare baby. The stock market is *leaking* down the Internet's drain.

Invest in the Internet, software, hardware, buy domains, build more websites, buy traffic, data!

Old technology gives way to new technology. Remember the ticker tape?

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