NEW YORK, March 21, 2011 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Consumer Electronics Association (CEA)® announced today the results of the semi-annual evaluation of the NASDAQ OMX® CEA Smartphone Index (Nasdaq:QFON), which will become effective with the market open today.
The following two securities will be added to the Index: Ceva Inc (CEVA UQ) and Motorola Mobility Holdings Inc (MMI UN).
The Index is designed to track the performance of companies engaged in the Smartphone segment of the telecom and technology sectors. The Index includes companies primarily involved in the building and design of handsets, hardware, software, and mobile networks associated with the development, sale, and usage of Smartphones. A Smartphone is defined as a wireless, mobile communication device offering advanced capabilities and functionalities, including web access, through the use of an identifiable operating system. The securities must also meet other eligibility criteria which include minimum requirements for market capitalization and average daily dollar trading volume. The NASDAQ OMX® CEA Smartphone Index is evaluated semi-annually in March and September. For more information about the NASDAQ OMX® CEA Smartphone Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The NASDAQ OMX CEA Smartphone Index is the basis for the First Trust NASDAQ CEA Smartphone Index Fund (Nasdaq:FONE), which seeks investment results that correspond generally to the price and yield of the NASDAQ OMX CEA Smartphone Index before fees and expenses.
As a result of the evaluation, the following two securities will be removed from the Index: Infineon Technologies AG (IFX GY) and Vishay Intertechnology Inc (VSH UN).
About NASDAQ OMX Global Index Group
NASDAQ OMX Global Index Group is engaged in the design, development, calculation, licensing, and marketing of NASDAQ OMX Indexes. NASDAQ OMX Global Index Group specializes in the development of indexes focusing on NASDAQ OMX's brand themes of innovation, technology, growth, and globalization. NASDAQ OMX Global Index Group also provides custom index services and design solutions as a third-party provider to selected financial organizations. For more information about NASDAQ OMX indexes, visit www.nasdaq.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 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 approximately 3,600 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, including First North, NASDAQ OMX Baltic 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 www.nasdaqomx.com. *Please follow NASDAQ OMX on Facebook (http://www.facebook.com/pages/NASDAQ-OMX/108167527653) and Twitter (http://www.twitter.com/nasdaqomx).
About Consumer Electronics Association
The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $186 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 owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA's industry services. Find CEA online at CE.org and Innovation-Movement.com.
CONTACT: NASDAQ Media Contact: Wayne Lee +1.301.978.4875 Wayne.D.Lee@NASDAQOMX.com NASDAQ Issuer and Investor Contact: Lisa Chaney +1.301.978.8281 Lisa.Chaney@NASDAQOMX.com Consumer Electronics Association Contact: Steve Kidera 703.907.4358 firstname.lastname@example.org
In This StoryNDAQ
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.