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Word: nasdaq (lookup in dictionary) (lookup stats)
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...system goes by the cumbersome name of NASDAQ, for National Association of Security Dealers Automated Quotations. It was developed at a cost of $23 million by Bunker-Ramo Corp., and gives instant readings on 2,374 of the most actively traded stocks on the over-the-counter market. Another 200 will be added this month, and eventually as many as 20,000 of the approximately 50,000 over-the-counter stocks will be included. At present, NASDAQ lists only companies that have at least $1,000,000 in assets, 500 stockholders and a stock that sells for $3 a share...

Author: /time Magazine | Title: Business: Present and Future Shock | 2/22/1971 | See Source »

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