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Tech giants face Nasdaq tumble
How the mighty have fallen...

By Sonya Rabbitte

Published: Tuesday 18 December 2001

Ariba, CNET, Inktomi and Novell are among 13 under-performing stocks due for a Nasdaq 100 de-listing on Christmas Eve.

All of the 13 companies set for a seasonal send off are once high-flying technology stocks.

Thirteen new companies will take their place on the prestigious index. While technology stocks will continue to dominate the index, eight of this year's newcomers are health care companies.

The Nasdaq 100, which tracks the performance of the 100 largest growing stocks on the Nasdaq stock market, lost 31.4 per cent in 2001 following the high-tech downturn.