Biz break: Google and Cisco Systems may be listed on Dow Jones, report says

Mercury News ^ | 03/10/2009 01:47:31 PM PDT | Compiled by the Mercury News

[Ernest_at_the_Beach]

Going blue chip: There's nothing wrong with being listed on the Nasdaq stock exchange, of course. But Silicon Valley stalwarts Google and Cisco Systems may be headed for bigger things.

They are being viewed as top contenders to enter the Dow Jones industrial average, now that the two constituents are trading below $2, making their status as blue chips tenuous, Reuters said.

In recent weeks, six stocks on the Dow have tumbled below $10, and on Friday, Citigroup, once the world's most valuable bank, sunk to 97 cents. Analysts say Citigroup and automaker General Motors are most likely to be replaced.

"I don't have much interaction with Exxon Mobil, but I'm on Google 47 times a day," Barry Ritholtz, chief market strategist of Fusion IQ in New York, told Reuters. Exxon is one of the 30 stocks listed on the Dow. "Indirectly that means I'm interfacing with the plumbing of Cisco," he told the news service.

[Ernest_at_the_Beach]

I just happened onto this...first I had heard of the possibility.

[Ernest_at_the_Beach]

And today:

Cisco unveils new data center architecture

**************************EXCERPT***********************

But some analysts said the move could prompt heightened competition between Cisco and other tech behemoths, notably Hewlett-Packard and IBM Corp.

[Ernest_at_the_Beach]

And:

Microsoft Partners With Cisco on New Unified Computing System

[ShadowAce]

[stainlessbanner]

I don't have much interaction with Exxon Mobil, but I'm on Google 47 times a day,

So that's a good reason to add Google to the DJ?

Wonder which company has a greater market impact if it goes offline or shuts-down for a little while.

[Alberta's Child]

Right. And I'm wondering why a company like Google would be included in any kind of industrial stock index.

[Dubh_Ghlase]

But wait... There's more!

[TerP26]

From Wiki....list of current members

3M · Alcoa · American Express · AT&T · Bank of America · Boeing · Caterpillar · Chevron · Citigroup · The Coca-Cola Company · DuPont · ExxonMobil · General Electric · General Motors · Hewlett-Packard · The Home Depot · Intel · IBM · Johnson & Johnson · JPMorgan Chase · Kraft Foods · McDonald’s · Merck & Co. · Microsoft · Pfizer · Procter & Gamble · United Technologies Corporation · Verizon Communications · Wal-Mart · The Walt Disney Company

To me, it would make the index too tech heavy

[Dubh_Ghlase]

Cisco’s entering the blade server market....

[tubebender]

Speaking of Google does anyone know what the difference is between the free Google Earth and the paid version and is it a one time purchase?

[Ernest_at_the_Beach]

I don’t .

[Ernest_at_the_Beach]

Are you wanting to buy the paid version?

[Mr. Jeeves]

To me, it would make the index too tech heavy

And it would also make the index an accurate reflection of the current state of American industry. ;)

[tubebender]

I don't

Would you spell that out for me and break it down...

[tubebender]

I Yes...