The Nasdaq's Evolution Shows Us How Quickly Industry Paradigm Shifts Occur

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Thursday, Aug 8, 2013 The Nasdaq's Evolution Shows Us How Quickly Industry Paradigm Shifts Occur  The analysts at Goldman Sachs just presented their  list of eight technologies that will reshape how we do business in the coming years. To illustrate how fast new innovations can come on the scene and wipe out enterprises, they offer the following startling statistic: of the firms listed on the NASDAQ 100 as of 2001, just 31% remain today. "In our view, the higher turnover of NDX constituents is marked by the predominance of technology-driven names on this index," the write. "In Exhibit 2, we review the change in index composition at three-year intervals since the start of 2001 through now. While we acknowledge this exercise is somewhat simplistic, as it focuses only on publicly traded companies and does not account for M&A activity, we believe it serves as a useful proxy with which to assess change." There remain just 56% of 2001-listed firms on the S&P500, they add. Read » Also On Markets Today: TECH STOCKS FALL: Here's What You Need To Know Michigan Judge Says Detroit Bankruptcy Is Unconstitutional, Demands Filing Be Withdrawn Advertisement CHART OF THE DAY: China's GDP Numbers Look Almost Too 'Smooth' To Be True CHART OF THE DAY: The Chinese Premier's 2 Favorite Economic Indicators Look Super Depressing CHART OF THE DAY: Here's What It Looks Like When The Bond Market Goes Into A Coma Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Markets RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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