Canadian company Research in Motion, the makers of BlackBerry
telephones, will no longer be part of the Nasdaq 100 index, the market
operator said Saturday on its web site.
The index which includes the
100 largest non-financial companies listed on the electronic exchange
said Research in Motion (RIM) was one of ten companies to be removed
from the index in its annual revision process.
RIM has seen its
star fade over the past several years as it faced stiff competition from
the advent of smart phones like the iPhone and others running the
Facing difficulties, the company is pinning its
hopes on the BlackBerry 10, to be unveiled January 30 a new generation
of phones and operating system.
Among the companies joining the
Nasdaq 100 on Monday are, notably, semi-conductor maker Analog Devices
and Internet infrastructure company VeriSign.