New York, N.Y. — The Class A common stock of Cognizant Technology Solutions Corporation (NASDAQ: CTSH) of Teaneck, New Jersey, will become a compo nent of the NASDAQ-100 Index® (NASDAQ: NDX), effective at the beginning of trading Wednesday, December 29, 2004. It will replace PeopleSoft, Inc.'s common stock (NASDAQ: PSFT), which is expected to be acquired by Oracle Corporation (NASDAQ: ORCL) on or after that date. The Class A common stock of Cognizant will also be included in the NASDAQ-100 Index Tracking StockSM (NASDAQ: QQQQ).
With a market capitalization of approximately $5.3 billion, Cognizant Technology Solutions Corporation delivers full life cycle solutions to complex application development, maintenance, and re-engineering problems through its on-site/off-shore model. The Company's core competencies include data warehousing, Web enabling, Internet, object-oriented development, and legacy platforms.1
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1 Source: Bloomberg
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