NASDAQ CEO says there are positive economic signs

Title: NASDAQ CEO says there are positive economic signs

Published: Tue, 22 Sep 2009

Description: (NECN: Peter Howe, Boston) The NASDAQ stock exchange is marking a big week this week: Five companies are staging initial public stock offerings this week on the NASDAQ, the most in a week since May 2008. Among them is Watertown, Mass., battery mak...

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Automatically Generated Transcript (may not be 100% accurate)

" What year after the meltdown the markets are showing signs of improvement. On the state last year anger over the federal bailout sent the dollar NASDAQ plunging about 4%. Today the CEO of the NASDAQ says companies are stronger and more and more showing an interest in going public. And he -- business reporter Peter -- was more."

" Saying New York Stock Exchange and most investors think a stamp pushed blue chips. State NASDAQ and what comes to minder scrappy innovative companies many with a high tech -- The spirit of entrepreneurship. Is the fundamental reason as it exists and we all the aspiration for entrepreneurs worldwide. NASDAQ CEO Robert Greifeld was intent to speak to the Boston College chief executives' club during what he called a sign of good news for the economy. Five companies are going public this week on the NASDAQ selling their first cheers to the general public. That is the most of the week since may 2008. And among them is electric car battery maker 8123 systems of Watertown Massachusetts. A classic MIT spin off. Funded by venture capitalists. VC backed companies. Listing for the first time on -- true positive for our economy. These are companies that are innovating the changing lives and they're generating jobs."

" Not only is this week's -- of NASDAQ IPOs the biggest in a year and a quarter the number of companies applying criticism about things -- Junior high and I want instant very. Positive sign for the economy."

" Putnam Investments CEO Bob Reynolds is hoping not for a return to the NASDAQ IPO frenzy of the late 1990s but positive and sustainable IPO momentum. I think have. Good pace increasing month after month shows us. That the economy on solid ground and that's the world comport with this economy and stock markets still choppy. Greifeld says companies that do clear the IPO bar like a 123. Have to prove especially compelling. So I believe you'll see equality of the IPOs. Through the balance of the year be on general. And somewhat higher than you have an -- period of time to -- be really good yet. -- you have a cynical investor. Base out there's are you going to face you know tough scrutiny as you should. And like a normal pulse returning after last year's economic collapse every company successfully going public will be warmly welcomed as a sign of returning economic health. In Boston and Peter -- any CN --"

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