THE WIRED INDEX
'New Economy' Stocks Join Industrials is the kind of Wall Street Journal headline we love. We'll even forgive those quote marks: Intel and Microsoft - charter Wired Index members both - aren't exactly inspired choices, but they're a start. The graph below shows both companies' performance last year charted against the Dow, S&P 500, and WIRX. The right-hand close figures make clear that even a hot Dow couldn't keep pace with the "new" kids. For the record, the Wired Index follows the Dow policy on updating. If one of our 40 companies is acquired or goes bankrupt, we'll reevaluate the entire list. (Dow Chemical's takeover of Union Carbide triggered the DJIA's late-October shakeup, making room for MSFT and INTC.) Stay tuned.
- John Browning and Spencer Reiss (neweconomist@yahoo.com)
The Wired Index tracks 40 public companies selected by editors of Wired to serve as a bellwether for the new economy. For a complete description and the latest results, see stocks.wired.com. Some of the companies in the Wired Index may have an advertising relationship with Wired. Readers who use this information for investment-related decisions do so at their own risk.
NEW MONEY
PERManent Upside
IPO Speedwagon
Mortgage Express
The New "New" Thing
TWIT$
