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Google and Red Hat added to Nasdaq

Posted by CmdrTaco on from the well-isn't-that-special dept.

Rob writes "Google Inc and Red Hat Inc are two of the big technology-related stocks to be added to the Nasdaq-100 in the latest annual reordering of the 100 largest non-financial stocks on the Nasdaq stock market. Meanwhile, the addition of Raleigh, North Carolina-based Red Hat reinforces the credentials of the open source Linux operating system on which the company has built its business. "

2 of 108 comments (clear)

  1. remember Sun and CSCO in the dot.com years? by googisgod · · Score: 2, Interesting

    People say Google can't be overvalued because it's making so much profit, unlike all the dot.coms back in the day.

    But people forget that there were plenty of tech companies that WERE making craploads of profits back then, like Sun and Cisco and various telecom manufacturers. Just because they had profits didnt mean they weren't overvalued stocks. Cisco and Sun fell 90% anyway, because they were in a speculative bubble.

    Who would have imagined that Don Lapre's late night infomercials telling you the secret to instant wealth was actually true? (placing tiny classified ads in hundreds of newspapers and taking a small profit on each one) Google and Overture apparently took that informercial in mind while developing their business plans. Except isntead of newspapers, they use websites.

    Who woulda thunk it?

  2. Re:Google will rise by Frostalicious · · Score: 2, Interesting

    Did the tech wreck of 2001 teach you nothing? The only thing completely stupid is to assume things don't change.