Apple weighting lowered in Nasdaq-100; Microsoft, Google raised

By on April 5, 2011 at 8:46 AM.

Apple weighting lowered in Nasdaq-100; Microsoft, Google raised

NASDAQ on Tuesday announced that it will adjust the weighing of several companies in the NASDAQ-100 index to better reflect their market capitalizations. The NASDAQ-100 index is comprised of the 100 biggest non-financial stocks on the NASDAQ exchange. The adjustment, which will take place on May 2nd, is the first of its kind since 1998. Apple will take the biggest hit as its weighting will be adjusted down from 20.46% of the the index to 12.33%. The Cupertino-based company’s representation on the NASDAQ-100 is currently six times that of the No. 2 company, Microsoft, which will see its weight doubled on May 2nd. A total of 82 stocks will be adjusted downward while 18 companies including Microsoft, Google, Intel, Cisco and Oracle will get larger shares. More →

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Apple refunds $100 to recent iPad purchasers

By on March 3, 2011 at 5:34 PM.

Apple refunds $100 to recent iPad purchasers

According to blog Electricpig in the UK, Apple will be refunding the new price difference to customers that purchased an iPad between February 16th and March 2nd. “We were assured by Apple’s sales team that Apple would refund the £100 price difference, without any complicated returns and exchanges, so you can take advantage of the price drop on the original iPad,” writes the site. Apple’s standard return policy is 14-days, so if you purchased an original iPad in the last two weeks: get your head examined and then bring that tablet back to your local Apple Store for a price adjustment. More →

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