NASDAQ Celebrates 20 Years in the Valley
from Xand : Landon Long - 1st January 1970
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It's a rare day when stock traders on Wall Street, can hear a bell struck all the way on the West Coast. Well, it happened today, when NASDAQ's opening and closing bells rang from the heart of the Silicon Valley. Today's ceremonies celebrated NASDAQ's 20-year history in the valley, and was attended by NASDAQ CEO Robert Greifeld, NASDAQ EVP Bruce Aust, San Jose Mayor Chuck Reed, the San Jose City Council, local business executives, national press affiliates and myself.
While I have always supported the Silicon Valley as a hub of global innovation, it was surprising to learn that there are currently 513 NASDAQ listed companies in California, with 210 of them in the Silicon Valley. I was amazed that this little sliver of the world has an impressive $1 trillion USD in combined market capitalization. With these facts fresh in my mind, I ran back to the office to dig into our web services and learn more about these companies.
Being a 30 year resident of the valley, even I was surprised by the high number of NASDAQ listed companies within 20 minutes of my office; Adobe Systems (ADBE -0.47), Apple (AAPL +0.71), Applied Materials (AMAT +0.22), Cisco (CSCO +0.07), eBay (EBAY +0.51), Electronic Arts (ERTS +0.28), Google (GOOG +2.02), Intuit (INTU +0.01), LAM Research (LRCX +1.06), SanDisk (SNDK +0.36), Symantec (SYMC -0.01), Yahoo (YHOO -0.0608) and 200 other wonderful Silicon Valley companies.
While conducting this impromptu research, I was reminded how quick it is to obtain exactly the data sets that I needed, and how much I love the ease and simplicity of financial web services. Overall, it was a good day for local corporations, a wonderful day for NASDAQ, and a sign that the Silicon Valley will continue to be a hub of technical innovation for decades to come.