News Article
Avago added to NASDAQ-100 index
The provider of a broad range of analogue semiconductor solutions with a focus on III-V compound semiconductor based products has been upgraded
The addition of Avago Technologies Limited to the NASDAQ-100 Index by the Nasdaq Stock Market, will become effective with the market open on Monday, December 19, 2011.
The NASDAQ-100 Index is composed of the 100 largest non-financial stocks listed on the Nasdaq Stock Market based on market capitalisation.
"We are honoured to be added to the NASDAQ-100 alongside some of the world's leading technology companies," said Doug Bettinger, Avago's SVP Finance and CFO. "Avago's inclusion is another milestone in our evolution as a public company."
The NASDAQ-100 Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology.
The company focuses on wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals.
