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What's in a Ticker?

What's in a Ticker? - PCSTATS
Abstract: There has been much talk recently about the ticker symbol Transmeta will acquire once it "goes IPO." The speculation is not idle. Ticker symbols are more or less arbitrary...
Filed under: Beginners Guides Published:  Author: 
External Mfg. Website: Transmeta Sep 28 2000   Max Page  
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What's in a Ticker?

There has been much talk recently about the ticker symbol Transmeta will acquire once it "goes IPO." The speculation is not idle. Ticker symbols are more or less arbitrary, but they follow a company forever and they never stop blinking in bright red pixels across the ticker boards of stock exchanges from here to Hong Kong. And now, at long last, we at Transmetazone have the answer to at least a few of your questions on this matter.

Will Transmeta be immortalized as TSM? Or RANSM? Or perhaps SMET? The company gets to select its own ticker-moniker, but then the New York Stock Exchange, or its relevant counterpart, checks its ticker database to prevent overlap with other companies. As the NYSE states, it's a first-come, first-served process, and the chosen name must be unique in all the markets the company trades in.

A start-up dot-com, for instance, like www.fashionhurts.com, would have to accommodate such earlier comers as the venerable Ford Motor Company (with its succinct "F"), the Fairchild Corporation (with its much-coveted "FA"), not to mention Fisher Scientific International, Inc. (which goes by fashionable "FSH"), and, last but not least, The Finova Group, Inc. (whose ticker symbol reads like a license-plate of fashion-based jealousy, "FNV"). An entertainment/satire site like Fashionhurts might be forced to resort to a name like "FATS" if it's to become IPO-worthy.

But that is all by the by. Transmeta has already picked its ticker symbol for the Nasdaq. So all you IPO fans can go to bed. The letters that will flash across the ticker boards of stock exchanges worldwide, very soon, to denote Transmeta Corp., will be TMTA. When does that stock start trading? We'll let you know.


 

Contents of Article: Transmeta

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