EA drops out of NASDAQ-100

EA drops out of NASDAQ-100

By Ben Parfitt

December 17th 2012 at 1:10PM

Publisher pays the price after a 40 per cent value drop as of June 2012

NASDAQ has as part of its annual NASDAQ-100 Index re-ranking dropped EA from its list.

Also booted are streaming video provider Netflix and Blackberry creators RIM. Facebook and Western Digital are amongst those promoted to the index.

As of June 2012 EA had suffered a 40 per cent share value drop and has come under criticism from Wall Street for the perceived “failure” of BioWare MMO Star Wars: The Old Republic.

"Since its inception, the NASDAQ-100 Index has evolved into a world-renowned brand that includes the 100 largest non-financial stocks listed on The NASDAQ Stock Market," stated NASDAQ OMX executive VP John Jacobs.

"The securities being added to the NASDAQ-100 Index will join Facebook, Costco, Apple, Google and other household names that are leading the new economy forward. Our objective re-ranking process ensures the NASDAQ-100 remains a relevant investable index that is the underlying benchmark for about 7,100 products in 22 countries with a notional value of about $1 trillion."

This story was originally published on our sister-site MCV.