NEW YORK--(BUSINESS WIRE)--June 6, 2002
-- Added: CEMEX, Checkpoint Software, Citigroup, Dell, Monsanto,
nVidia, Ryanair, Taiwan Semiconductor; Dropped: Applied
Materials, Aventis, Broadvision, Enron, i2, Marriott, Nucor
The editors of WIRED Magazine have selected CEMEX, S.A. de C.V. (NYSE:CX) for the annual WIRED Index Fund.
Since its launch in 1998, the WIRED Index has focused on global companies that have demonstrated an exceptional grasp of technology and innovation in product development and business management.
"We wholeheartedly embrace information technology as a tool to transform CEMEX into an even stronger, more profitable company. We harness the power of technology and the Internet to improve and simplify our global operations, to share best practices, to streamline our business processes, to focus on our core business activities, and -- ultimately -- to get closer to our customers," said Lorenzo H. Zambrano, CEMEX's Chairman and CEO.
WIRED Magazine's July issue will highlight the 40 companies selected for the WIRED Index Fund. To spotlight the Index, WIRED hosted a panel discussion with visionary business leaders from the WIRED Index on Wednesday, June 5, at The New York Stock Exchange. Mr. Juan Pablo San Agustin, CEO, CXNetworks, Mr. Steven Rattner, Managing Principle of the Quadrangle Group, Dr. Laura D'Andrea Tyson, Dean of the London Business School and former Economic Advisor to President Clinton, Mr. Chris Malachowsky, Co-founder and SVP of Engineering, nVidia, and Ms. Katherine Sullivan, COO, Citigroup's e-Citi operation, were the featured guests at this year's event.
This year, WIRED Magazine's editors chose to replace eight companies -- Applied Materials, Aventis, Broadvision, Enron, i2, Marriott, Nucor and PTC -- with:
CEMEX: This global IT system is a force in emerging markets from South America to Africa.
Checkpoint Software: Israeli security firm has the best, most efficient system of firewalls and virtual private networks.
CITIGROUP: The Uberbank received an influx of cash by spinning out Travelers Group -- most profitable company on the Index
Dell: HP plus Compaq does not a Dell make. Mastery of the supply chain is an incredible weapon.
Monsanto: Expect huge growth from this agriculture/biotech company if green party activists overcome their fear of genetically altered food.
NVidia: The next Intel? As PCs become multimedia machines, the GPU (graphics semi-conducter) becomes the most important chip in the box.
Ryanair: Budget carrier is pounding its European competition with a more efficient model and super-cheap fares.
Taiwan Semiconductor: What do your Xbox, your laptop, and your Nokia handheld have in common? It's in the chips. TSMC can claim that its products are the foundation for the electronics industry's biggest successes.
The remaining 32 are:
Affymetrix AIG AOL Time Warner Charles Schwab Cisco Systems Daimler Chrysler eBay EMC FedEx First Data Flextronics GlaxoSmithKline Incyte Genomics Intel JDS Uniphase Microsoft Millenium Pharmaceuticals News Corp. Nokia Oracle Qwest Reuters Sabre Schlumberger Sony State Street Sun Microsystems Vodafone Group Wal-Mart Walt Disney WPP Group Yahoo!