Witness Systems Announces Inclusion in the New NASDAQ Global Select Market; Exclusive Program Places Witness Systems among Prem
July 10 2006 - 9:00AM
Business Wire
Witness Systems (NASDAQ: WITS), a leading global provider of
workforce optimization software and services, today announced that
it is included in the new NASDAQ Global Select Market. The NASDAQ
Global Select Market has the highest initial listing standards of
any exchange in the world based on financial and liquidity
requirements. Prior to the change, the company had been listed on
the NASDAQ National Market. Beginning July 3, NASDAQ-listed
companies will be classified under three listing tiers -- NASDAQ
Global Select Market, NASDAQ Global Market and NASDAQ Capital
Market. NASDAQ also plans to launch indexes based on these new
tiers. "Witness Systems is an example of an industry leader that
has achieved superior listing standards, which clearly defines the
essence of the NASDAQ Global Select Market," said Bruce Aust,
executive vice president, Corporate Client Group. "NASDAQ is
focused on leading a race to the top in terms of listing
qualifications. In recognizing these companies, we are highlighting
their achievement in meeting the requirements to be included in the
market with the highest listing standards in the world." NASDAQ
announced the new three tier listing classification in February
2006. All three market tiers will maintain rigorous listing and
corporate governance standards. For additional information about
the NASDAQ Global Select Market, please go to:
www.nasdaq.com/GlobalSelect. About NASDAQ NASDAQ is the largest
U.S. electronic stock market. With approximately 3,200 companies,
it lists more companies and, on average, trades more shares per day
than any other U.S. market. It is home to companies that are
leaders across all areas of business including technology, retail,
communications, financial services, transportation, media and
biotechnology. NASDAQ is the primary market for trading
NASDAQ-listed stocks. For more information about NASDAQ, visit
www.nasdaq.com or the NASDAQ Newsroom at
http://www.nasdaq.com/newsroom/. About Witness Systems Witness
Systems (NASDAQ: WITS) is the worldwide leader in software and
services that help businesses capture customer intelligence and
optimize their workforce performance. The company's Impact 360(TM)
solution features quality monitoring, compliance and IP recording,
workforce management, performance management and e-learning.
Primarily deployed in contact centers - as well as the remote,
branch and back offices of global organizations - the workforce
optimization solution captures, analyzes and enables users to share
and act on cross-functional information across the enterprise. With
Impact 360, organizations can improve interactions and the
underlying back-office processes that enhance the customer
experience and build customer loyalty. For more information, visit
us at www.witness.com. Cautionary Note Regarding Forward-looking
Statements: Information in this release that involves Witness
Systems' expectations, plans, intentions or strategies regarding
the future are forward-looking statements that are not facts and
involve a number of risks and uncertainties. They are identified by
words such as "anticipates," "expects," "intends," "plans,"
"believes," "estimates," and similar expressions. These statements
are based upon information available to Witness Systems as of the
date of this release, and the company assumes no obligation to
update any such forward-looking statement. Forward-looking
statements believed true when made may ultimately prove to be
incorrect. These statements are not guarantees of future
performance and are subject to risks, uncertainties and other
factors, some of which are beyond our control and may cause actual
results to differ materially from our current expectations. Some of
the factors that could cause actual future results to differ
materially from current expectations include fluctuations in
customer demand and the timing of orders; the company's ability to
manage its growth; the risk of new product introductions and
customer acceptance of new products; the rapid technological change
which characterizes the company's markets; the risks associated
with international sales as the company expands its markets,
including the risks associated with foreign currency fluctuations;
the ability of the company to complete and integrate successfully
any acquisitions or investments it may make; and the ability of the
company to compete successfully in the future, as well as other
risks identified under the caption "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in the
company's Form 10-K for the year ended December 31, 2005 and its
Form 10-Q for the quarter ended March 31, 2006, as filed with the
Securities and Exchange Commission. Witness, Impact 360, Improve
Everything and the Witness logo are the trademarks (registered or
otherwise) of Witness Systems, Inc. protected by laws of the U.S.
and other countries. All other trademarks mentioned in this
document are the property of their respective owners.
Witness (NASDAQ:WITS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Witness (NASDAQ:WITS)
Historical Stock Chart
From Jul 2023 to Jul 2024