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Tech Industry

Short Take: Qwest Communications to join Nasdaq 100 Index

Qwest Communications will be added to the Nasdaq-100 Index, which is composed of stocks with a minimum market capitalization of $500 million and an average daily trading volume of 100,000 shares. Qwest joins Cisco Systems, Microsoft, Netscape, and Sun Microsystems on the index. Companies that are selected for the Nasdaq-100 Index represent the market's largest-growth companies across major industry groups including high-tech, aviation, and retail.