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WebEx Selected for New NASDAQ Global Select Market28 June 2006
WebEx (Nasdaq: WEBX), the leading provider of on-demand collaborative business applications, today announced that it is included in the new NASDAQ Global Select Market. The NASDAQ Global Select Market has the highest initial listing standards of any exchange in the world based on financial and liquidity requirements. Prior to the change, WebEx had been listed on the NASDAQ National Market.
Beginning July 3, NASDAQ-listed companies will be classified under three listing tiers -- NASDAQ Global Select Market, NASDAQ Global Market, and NASDAQ Capital Market. NASDAQ also plans to launch indexes based on these new tiers.
NASDAQ announced the new three tier listing classification in February 2006. All three market tiers will maintain rigorous listing and corporate governance standards. For additional information about the NASDAQ Global Select Market, please go to: http://www.nasdaq.com/GlobalSelect.
WebEx provides on-demand collaboration applications to individuals, small businesses and enterprise organizations. WebEx applications combine both synchronous and asynchronous collaboration capabilities and allow businesses to leverage the web as an efficient channel for interaction with customers, partners and co-workers. These on-demand applications enhance high-touch business processes, such as sales and training, with efficient web-touch interactions.
All WebEx applications are built on the MediaTone platform and are supported by the WebEx MediaTone Network, a platform and global network specifically designed for on-demand applications. The WebEx MediaTone Network uses a switch-based architecture to provide reliable, consistent and secure application performance worldwide. MediaTone APIs make it easy for developers to build specialized applications that leverage the network's real-time collaboration capabilities or add these capabilities into third party applications.
About WebEx
WebEx Communications Inc. is a global leader of on-demand applications for collaborative business on the web. WebEx applications are used across the enterprise in sales, support, training, marketing, engineering and product design. WebEx delivers its range of applications over the WebEx MediaTone Network, a global network specifically designed for secure delivery of on-demand applications. WebEx Communications is based in Santa Clara, California and has regional headquarters in Europe, Asia and Australia. Please call toll free 877-509-3239 or visit http://webex.com for more information.
About NASDAQ
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.
NOTE: WebEx and MediaTone are trademarks and/or registered trademarks of WebEx Communications, Inc.
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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