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BlackBerry maker RIM booted from NASDAQ-100 index

Updated Jan 8th, 2013 2:41PM EST
RIM NASDAQ-100 Index

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The NASDAQ OMX Group on Friday announced some upcoming shuffling in its NASDAQ-100 index, a collection of securities representing the 100 largest non-financial companies on its exchange. Prior to market open on Monday, December 24th, Analog Devices, Discovery communications, Western Digital and seven more companies will be added to the index while Netflix (NFLX), Electronic Arts (EA), and BlackBerry maker Research In Motion (RIMM) will be among the 10 securities pulled from the NASDAQ-100 index.

“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,” NASDAQ OMX Executive Vice President John L. Jacobs said in a statement. “The securities being added to the NASDAQ-100 Index will join Facebook (FB), Costco, Apple (AAPL), Google (GOOG) 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.”

RIM has had a remarkably difficult year but will look to reverse recent trends when it unveils its first two BlackBerry 10 smartphones during a press conference on January 30th and launches them soon after.

Shares of RIM stock closed up 1.3% at $14.04 on Friday, before the NASDAQ made its announcement at 5:00 p.m. Eastern.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.