Nasdaq's Good News, Bad News.(net income up; big losses otherwise)(Brief Article)(Statistical Data Included)

Traders, April, 2002 by Bresiger, Gregory

Nasdaq had a good 2001, but its fourth quarter was a rocky three months.

Citing problems caused by the Sept. 11 tragedy and by its planned separation from its parent, NASD, Nasdaq lost $13.3 million in the fourth quarter compared to a gain of $10.1 million for the fourth quarter of the previous year. Excluding an extraordinary $21.9 million charge, Nasdaq officials said they would have gained $8.6 million in the fourth quarter of 2001. But even dismissing that charge, net income would still have declined by some 20 percent quarter top quarter.

Nasdaq officials said re-location costs combined with the start-up costs of projects such as SuperSoes and SuperMontage were the reasons for extraordinary expenses.

"We took a number of charges relating...

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