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Logitech International SA (Nasdaq:LOGI) of Switzerland, will become a component of the NASDAQ-100 Index(r) (Nasdaq:NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq:NDXE) prior to market open on February 1, 2007. Logitech International SA will replace Comverse Technology, Inc. (Nasdaq:CMVT). Logitech International SA will also be included in the NASDAQ-100 Index Tracking Stock(sm) (Nasdaq:QQQQ).
With a market capitalization of approximately $5 billion, Logitech International SA specializes in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. The company's products include a full range of devices for PCs and gaming consoles; speakers and headsets for iPod/MP3 players; universal remote controls for home entertainment and wireless music systems for the home.
The NASDAQ-100 Index, launched in January 1985, is one of the most widely followed benchmarks in the world. The NASDAQ-100 Index Tracking Stock represents ownership in the NASDAQ-100 Trust. The Trust holds a portfolio of equity securities that compose the NASDAQ-100 Index and aims to provide investment results that generally correspond with the performance of the Index.
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
