BUSINESS

RIM, Netflix Dropped From Nasdaq 100 Index

12/16/2012 11:21 EST | Updated 12/17/2012 12:50 EST
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RIM CEO and president Thorsten Heins listens during the Research in Motion Annual General Meeting in Waterloo, Ontario, July 10, 2012. AFP PHOTO/Geoff Robins (Photo credit should read GEOFF ROBINS/AFP/GettyImages)

BlackBerry maker Research In Motion and streaming movie service Netflix have been dropped from the Nasdaq 100 Index.

The index is a measure of the value of the 100 largest non-financial companies listed on the Nasdaq, a stock exchange that focuses on high tech companies.

Nasdaq adjusts the stocks it uses to compile the index every year. It announced late on Friday that it's dropping RIM, as well as video game maker Electronic Arts (EA), Netflix, VeriSign and six other companies.

The index will see 10 new members added, including Liberty Media, which owns interests in the Discovery channel and Time Warner Cable, among other businesses, and Western Digital, maker of WD brand hard drives.

Other companies that comprise the Nasdaq 100 include Apple, Facebook, Google, Starbucks and Whole Foods.

RIM reports earnings this Thursday. After years of declining market share and stock prices, the company has seen some bounce-back in its stock price recently. The company recently announced a long-awaited unveiling date for the BlackBerry 10, its next-generation operating system.

Netflix has seen its stock sink this year on forecasts of slower subscriber growth and increased competition.

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