Texas Instruments Leaving NYSE for NASDAQ (TXN, INTC, MSFT, AAPL, GOOG)
The NASDAQ has always been considering the heavyweight exchange for technology listing, and it just put on more weight today with an announcement from Texas Instruments Inc. (NYSE: TXN) that the chipmaker would move its stock listing to NASDAQ on…
The NASDAQ has always been considering the heavyweight exchange for technology listing, and it just put on more weight today with an announcement from Texas Instruments Inc. (NYSE: TXN) that the chipmaker would move its stock listing to NASDAQ on January 1st. TI will join other tech biggies like Intel Corp. (NASDAQ: INTC), Microsoft Corp. (NASDAQ: MSFT), Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG) on the exchange.
TI will maintain its ‘TXN’ ticker after the switch to Nasdaq’s Global Select Market.
In the announcement, TI’s head of investor relations said:
This move will enhance our public visibility while offering our shareholders cost-effective access to advanced trading technologies.
Saving money and better technology are always good reasons to make a change. In this case, though, the principal change is now Nasdaq will get to brag a little more about stealing a listing from the Nyse. Look for a retaliatory move soon.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
