Apple Inc. is getting punished again for its flirtation with bankruptcy in the 1990s.
Nasdaq OMX Group Inc. reduced the iPad and iPhone maker’s share of the Nasdaq-100 Index’s value to about 12.33 percent from 20.49 percent. It will remain the biggest stock in the gauge, which serves as the basis for the third most-traded U.S. exchange-traded fund in 2011. Microsoft Corp., Oracle Corp., Intel Corp. and Cisco Systems Inc. had their weighting in the 100-company index increased the most.
