NEW YORK, April 12, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Consumer Electronics Association (CEA)® announced today the introduction of the NASDAQ OMX® CEA® Smartphone IndexSM (Nasdaq:QFON), a new benchmark for the telecommunications sector focused on wireless, mobile devices with advanced communications functionality. The NASDAQ OMX® CEA® Smartphone Index is a modified market-capitalization index and includes companies that are primarily involved in the building, design and distribution of handsets, hardware, software, and mobile networks associated with the development, sale and usage of smartphones.
"This index brings sharper focus to an industry that is transforming the world's ability to communicate, work, and interact with each other," said NASDAQ OMX Executive Vice President John Jacobs. "Investors, thanks to this index, can now easily track companies that are working diligently to combine the benefits of the phone and computer in a single device."
"The consumer electronics industry is known for innovation in technology, and we are delighted to work with NASDAQ OMX to bring new innovation to financial products," Shawn DuBravac, chief economist and director of research at CEA. "Smartphones represent the fastest growing segment of the wireless industry, and the ability to track this sector through an index provides a great new tool to investors."
The NASDAQ OMX® CEA® Smartphone Index is currently comprised of 84 companies that are screened by the Consumer Electronics Association, including Apple Inc. (Nasdaq:AAPL), Google Inc. (Nasdaq:GOOG) and Research in Motion Limited (Nasdaq:RIMM). To view all the the companies in the NASDAQOMX® CEA® Smartphone Index, visit our website www.nasdaqomx.com/indexes.
The NASDAQ OMX® CEA® Smartphone Index is the latest in the line of technology themed indexes created by NASDAQ OMX. NASDAQ OMX is leading the way in creating indexes designed to help the investment community track the technology companies that are shaping the way people interact with the world.
The NASDAQ OMX® CEA® Smartphone Index is calculated in real-time across the combined exchanges and is disseminated by NASDAQ OMX in U.S. Dollars. The Index commenced calculation today with a value of 250.00.
NASDAQ OMX is a global leader in creating and licensing strategy indexes and is home to the most widely watched indexes in the world. As a premier, full-service provider, the NASDAQ OMX Global Index Group is dedicated to designing powerful indexes that are in sync with a continually changing market environment. Utilizing its expanded coverage as a global company, NASDAQ OMX has more than 1,400 diverse equity, commodity and fixed-income indexes in the U.S., Europe, and throughout the world.
NASDAQ OMX's calculation, licensing and marketing support provide the tools to measure and replicate global markets. The NASDAQ OMX Global Index Group's range of services covers the entire business process from index design to calculation and dissemination. For more information about NASDAQ OMX indexes, visit https://www.nasdaqomx.com/indexes/.
Access to essential historical index data for NASDAQ OMX indexes can be accessed from a single source, NASDAQ OMX Global Index Watch. For additional information, please visit https://indexes.nasdaqomx.com/indexwatch.aspx.
About NASDAQ OMX
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 approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX 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 exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com">http://www.nasdaqomx.com.
About Consumer Electronics Association
The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $165 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also sponsors and manages the International CES -- The Global Stage for Innovation. All profits from CES are reinvested into CEA's industry services. Find CEA online at www.CE.org">www.CE.org
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about the NASDAQ OMX CEA Smartphone Index and NASDAQ OMX Group's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
NASDAQ OMX OMX CEA Smartphone Index ("Index") is the exclusive property of The NASDAQ OMX Group, Inc., (collectively, with its affiliates "NASDAQ OMX"). NASDAQ OMX has contracted with Standard & Poor's ("S&P") to calculate and maintain the NASDAQOMX CEA Smartphone Index. S&P shall have no liability for any errors or omissions in calculating the Index.
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