NEW YORK- Sept. 27, 2001--FORTUNE announced today that Adobe Systems Inc. will be added to the FORTUNE e-50(TM) Index (Symbol: FEX) after the close of trading on Monday, October 1, 2001, replacing component Global Crossing.
Adobe Systems, headquartered in San Jose, Calif., builds software solutions for network publishing, including Web, print, video, wireless and broadband applications, as well as graphic design, imaging, dynamic media and authoring that enable customers to create, manage and deliver content. Adobe Systems reported revenue of $292 million for the three-month period ended 8/31/2001.
Index components are ordinarily removed from the Index if, during a 25-consecutive-trading-day-period, a company's closing share price falls below $5.00, daily trading volume is less than 100,000 shares, or total market capitalization is below $100 million. During the past 25 trading days, Global Crossing's closing share price remained below $5.00.
The FORTUNE e-50 Index was developed by the editors of FORTUNE to be the definitive benchmark of the Internet economy. Index component selections are made at the discretion of the FORTUNE Index Committee. In general, the Committee selects the 50 companies that best represent the Internet economy in the subsectors of e-Companies, Internet Communications, Internet Hardware, and Internet Software and Services. Company additions to and deletions from the FORTUNE e-50 Index do not in any way reflect an opinion on the investment merits of the company.
For more information about the FORTUNE e-50 Index, including Index policies and procedures, as well as the entire list of companies in the FORTUNE e-50 Index, visit http://indexes.fortune.com. Index updates and changes can be viewed at www.amextrader.com.
The FORTUNE e-50 Index is licensed for use as the basis of a number of investment products including the FORTUNE e-50(TM) Index Tracking Stock, as well as futures, and options on futures. These products are not sponsored, sold, promoted, or endorsed by FORTUNE, a division of Time Inc., and FORTUNE makes no representation and has no liability with regard to investing in them.
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