I guess it was about time - Internet companies get their own Stock Index on Nasdaq - according to a story from Federated Media - The Internet Gets a Stock Index.

The original source of the story is actually Read/WriteWeb  - The Internet Gets a Stock Index

"…Ok bubble prognosticators, start your engines: the Nasdaq stock market today announced the creation of a new index tracking only Internet companies, the NASDAQ Internet Index. The index (^QNET) will track a diverse range of companies covering "Internet access providers, Internet search engines, web hosting, website design, and Internet retail commerce."

"The NASDAQ Internet Index contains some of the most exciting Internet companies traded on NASDAQ and other U.S. exchanges," said NASDAQ Senior Vice President Steven Bloom in a press release. Bloom said the creation of the index was a logical step for NASDAQ, given their brand association with technology companies and large number of Internet companies listed on their stock exchange. NASDAQ hopes that the new index with be a "benchmark" for tracking the progress of the "the second generation Web" — is that web 2.0?"

 

Should be interesting; I was at NASDAQ earlier this year during an Omniture Press Event.