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Apple’s Nasdaq-100 Weighting Drops as 1990s Losses Resurface

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.