Navigation Links
NASDAQ OMX AeA Illinois Tech Index Outperforms Market
Date:1/7/2009

Illinois Technology Index Shows Stronger Performance in Turbulent Economy

OAKBROOK TERRACE, Ill., Jan. 7 /PRNewswire/ -- AeA, the nation's largest high-tech trade association representing all segments of the high-tech industry, announced today that the NASDAQ OMX AeA Illinois Tech Index (Nasdaq: ILTI) outperformed the Dow Jones Industrial Average (.INDU), S&P 500, and NASDAQ Composite Index(R) (COMP) since its inception in 2008.

On May 19, 2008, AeA and The NASDAQ Stock Market, a subsidiary of the NASDAQ OMX Group, Inc, officially unveiled the NASDAQ OMX AeA Illinois Tech Index, the first state-wide public technology index in the US, developed to promote Illinois' leading technology companies and outstanding technology resources. The index is a public-private partnership supported by the Illinois Department of Commerce and Economic Opportunity, Grant Thornton LLP, Baker & McKenzie, and the Illinois Biotechnology Industry Organization (iBIO) and tracks all public companies headquartered in Illinois from major sectors including high tech manufacturing, information technology, biotech, alternative fuels, and life sciences.

The NASDAQ OMX AeA Illinois Tech Index is a market capitalization-weighted index that began with a base value of 1000.00. As of December 31, 2008, the index value decreased in value to 728.92, a net change of -27.11%, and outperformed the Dow Jones Industrial Average (.INDU), S&P 500, and NASDAQ Composite Index (COMP).


    NASDAQ OMX AeA Illinois Tech Index (ILTI)  728.92, net change of -27.11%
    Dow Jones Industrial Average (.INDU)     8,776.39, net change of -32.42%
    S&P 500 (SPX)                              903.25, net change of -36.63%
    NASDAQ Composite Index (COMP)            1,577.03, net change of -37.64%

As of December 31, 2008, there were fifty-eight companies listed on the Illinois Technology Index with a combined market value of more than $221 billion. There were several constituent deletions in 2008 due to mergers and acquisitions. Significant events included the acquisition of Eagle Test Systems, Inc. by Teradyne, Inc., the acquisition of NAVTEQ Corporation by Nokia Corporation, and acquisition of APP Pharmaceuticals, Inc. by Fresenius SE. There were no additions to the index in 2008.

The top ten index constituents include Abbott Laboratories 37.40%, Baxter International Inc. 15.01%, Boeing Company (The) 14.12%, Archer-Daniels-Midland Company 8.35%, Illinois Tool Works Inc. 8.09%, Motorola, Inc. 4.53%, Hospira Inc. 1.93%, United States Cellular Corporation 1.06%, IDEX Corporation 0.90%, and Telephone & Data Systems Inc. .76%.

The Illinois Technology Index is calculated during the trading day and is disseminated every 15 seconds from 09:30:15 to 17:16:00 ET. For a live quote, or for more information on the index, visit: http://www.aeanet.org/illinoistechindex.

About AeA

AeA, the nation's largest technology trade association representing all segments of the high-tech industry, is dedicated solely to helping our members' top line and bottom line. We do this in partnership with our small, medium, and large member companies by lobbying governments at the state, federal, and international levels, providing access to capital and business opportunities, and offering select business services and networking programs. For more information, please visit www.aeanet.org. AeA merged with the Information Technology Association of America (ITAA) as of January 1, 2009.

About the NASDAQ OMX Group

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,900 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, NASDAQ OMX Baltic, including First North; and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.


'/>"/>
SOURCE AeA
Copyright©2009 PR Newswire.
All rights reserved

Related biology technology :

1. Cell Therapeutics Announces Receipt of NASDAQ Panel Decision to Transfer to NASDAQ Capital Market
2. BioSpecifics Technologies Corp. Announces Listing on NASDAQ Global Market
3. Azur Pharma Ltd. Enters Into Definitive Agreement With BioSante Pharmaceuticals Inc [nasdaq: BPAX], to Acquire U.S. Rights to Elestrin (TM)
4. Encorium Announces Receipt of Letter from Nasdaq Regarding its Third Quarter 2008 Form 10-Q Filing
5. Micromet Added to NASDAQ Biotechnology Index
6. Varian, Inc. CEO to Speak at the Nasdaq OMX 22nd Investor Program
7. Sigma-Aldrich (Nasdaq: SIAL) Declares Quarterly Dividend
8. Spherix Transfers Stock Listing to Nasdaq Capital Market
9. Former NASDAQ International President Among Execs Launching Firm to Access Global Markets
10. deCODE Requests Hearing With Nasdaq Following Receipt of Staff Determination Letter
11. Memory Pharmaceuticals Granted Extension to Comply with NASDAQ Listing Requirements
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/20/2017)... Irvine, Calif. (PRWEB) , ... July 20, 2017 ... ... James G. Fujimoto, Ph.D ., the Elihu Thomson Professor of Electrical Engineering ... Beckman-Argyros Vision Research Award winner. Presented annually, the award recognizes an individual ...
(Date:7/20/2017)... ... July 20, 2017 , ... Corista, a leader ... artificial intelligence Tuesday, July 25, during the Association of Pathology Chairs’ Jubilee Meeting ... , Baras, Associate Director of Pathology Informatics, will present “The Digital Pathology ...
(Date:7/18/2017)... New Jersey (PRWEB) , ... July 18, 2017 , ... ... that aligns with your needs and has the capabilities to properly execute your job ... site customglassparts.com is a sourcing portal designed to showcase the company’s ...
(Date:7/18/2017)... ... 18, 2017 , ... Recently recognized by CIO Magazine as ... migration of its flagship cloud-based product Planet Life Cycle – a robust work ... system that merges strategic and financial planning with execution. The solution is leveraged ...
Breaking Biology Technology:
(Date:4/3/2017)... , April 3, 2017  Data ... precision engineering platform, detected a statistically significant ... product prior to treatment and objective response ... the potential to predict whether cancer patients ... to treatment, as well as to improve ...
(Date:3/29/2017)... March 29, 2017  higi, the health IT company ... North America , today announced a Series ... acquisition of EveryMove. The new investment and acquisition accelerates ... tools to transform population health activities through the collection ... higi collects and secures data today on ...
(Date:3/24/2017)... 2017 Research and Markets has announced the ... & Trends - Industry Forecast to 2025" report to their ... The Global ... CAGR of around 15.1% over the next decade to reach approximately ... the market estimates and forecasts for all the given segments on ...
Breaking Biology News(10 mins):