SAN JOSE, Calif., Dec. 13 /PRNewswire/ -- SDL, Inc. (Nasdaq: SDLI) today
announced that the company has been added to the Nasdaq-100 Index effective
December 20, 1999. In addition, shares of companies in the Nasdaq-100 are
included in the Nasdaq-100 Index Tracking Stock(SM) (Amex: QQQ), which
provides investors with an instrument that tracks the performance of the
Nasdaq-100 Index. Since its inception, the fund's total assets have grown to
over $4 billion.
Founded in 1983, SDL, Inc. is a world leader in providing solutions for
optical communications and related markets, including telecommunications,
dense wavelength division multiplexing (DWDM), cable television and satellite
communications applications. As of December 10, 1999, SDL had a market cap of
approximately $6.2 billion with average daily trading volume of 789,000
shares.
According to Nasdaq, the Index represents the largest non-financial
domestic and international issues listed on The Nasdaq Stock Market(R). All
securities in the Index are among the top 150 eligible securities based on
closing prices as of October 29, 1999, and the publicly available total shares
outstanding as of November 30, 1999. Eligibility criteria for the Index
includes a minimum average daily trading volume of 100,000 shares.
Additionally, companies also must have been seasoned on Nasdaq or another
major exchange, which means they have been listed for a minimum of two years.
About SDL, Inc.
SDL's products power the transmission of data, voice and Internet
information over fiber optic networks to meet the needs of telecommunications,
dense wavelength division multiplexing (DWDM), cable television and satellite
communications applications. They enable customers to meet the bandwidth
needs of increasing Internet, data, video and voice traffic by expanding their
fiber optic communications networks much more quickly and efficiently than
would be possible using conventional electronic and optical technologies.
SDL's optical products also serve a variety of non-communications
applications, including materials processing and printing. Additional
information about SDL, Inc. is available on the Internet at http://www.sdli.com .
For more information on SDL, Inc. at no cost, please call 800-PRO-INFO
(U.S.) or 732-544-2850 (Int'l), ticker symbol SDLI.
SOURCE SDL, Inc.
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Related links:
http://www.sdli.com
CONTACT:
Donald R. Scifres, Chairman and CEO, or
Michael L. Foster, VP Finance and CFO, both of SDL, Inc.,
408-943-9411; general, Lisa Horn Chainey, investors, Susan Katz,
or media, June Parina or Scott Marx, all of The Financial
Relations Board, 415-986-1591
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