(Nasdaq:MTLK) Enterprises (Nasdaq:MGIC) are among the seven stocks to join the fast-shrinking Tel-Tech technology index.
Since its launch in April 2000, the Tel-Tech has posted steep losses. The index today stands at 361 points, having started its career at 700 points.
contains 50 companies, together worth an aggregate $21.2 billion.
The companies removed from the Tel-Tech index as of January 1 are RSL Electronics, IFN Systems, Azimuth, Aryt Industries, Medcon, Spectronix, and
Some of the notable shares listed on the index are
(Nasdaq:NICE), Clal Electronic Industries, Elbit Systems (Nasdaq:ESLTF), and Formula Systems (Nasdaq:FORTY), whose relative weight on the index is 7.5%.