Nasdaq's Bell Rings in San Jose - NBC Bay Area

Nasdaq's Bell Rings in San Jose



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    Nasdaq is celebrating 20 years of attracting Silicon Valley companies like Google.

    The tech-heavy Nasdaq is coming west for a day. San Jose City Hall will host both the open and closing bell ceremonies Tuesday.

    Silicon Valley is home to 203 of the 513 Nasdaq companies, so you could make the argument the opening bell should happen here everyday.
    The mostly ceremonial marking of time usually happens in New York City, but on occasion, a team of engineers and the Nasdaq president hit the road. That is what is happening Tuesday.

    They are coming to San Jose to celebrate the Nasdaq's 20-year anniversary of its presence in Silicon Valley. Both the 6:30 a.m. event and the 1:30 p.m. event will be broadcast live in Nasdaq's seven-story high Times Square tower as well as on CNBC, Fox Financial and any other media outlet who cares to take the feed.

    Nasdaq Vice President Bruce Aust said he's proud the Nasdaq had the foresight to establish a presence in the South Bay at a time when when many of today's major office parks were still fruit orchards.

    "We are also proud to have served as the capital formation engine for so many Valley companies who have truly changed the world." Aust said. "The Silicon Valley area is a unique eco-system that cities all over the world have tried to emulate, and we will continue to play an important role in that growth well into the future."

    Right now, there are 28 companies in Silicon Valley that are part of the Nasdaq-100 index, and seven of those are headquartered in San Jose.

    During the remote closing bell ceremony, San Jose Mayor Chuck Reed will deliver a proclamation naming March 16, 2010 "Nasdaq Day" in honor of the company’s historic significance, economic achievements supporting the Bay Area market, and plans for future growth.

    You can watch a live Webcast of both ceremonies at this link.