Congratulations to your son for making the team! That's exciting.
It's been a quiet day for NN. The only news I could find is this for an options listing on the Pacific Exchange:
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DLJdirect News Alert! triggered at 12:31 PM for symbol: NN
CBOE to list 16 PCX, 13 PHLX options Sept. 1
CBOE to list 16 PCX, 13 PHLX options Sept. 1
CHICAGO, Aug 27 (Reuters) - The Chicago Board Options
Exchange (CBOE) said Friday it will list 29 new stock options
Sept. 1, for the first time dragging the Pacific Exchange (PCX)
into the escalating U.S. options listing battle.
Of the CBOE's 29 new options, 16 currently are exclusively
listed on the PCX and the other 13 are offered only by the
Philadelphia Stock Exchange (PHLX).
The new listings include the PCX's most-active options, such
as Microsoft Corp. <MSFT.O>, which generated 9.7 million of
PCX's roughly 59-million-contract volume in 1998.
PCX spokesman Dale Carlson said the exchange, currently the
nation's third-largest options market, might have a response to
the CBOE's action later Friday or on Monday.
Until now, the PCX has refrained from joining the
multiple-listing fray that CBOE began Aug. 23 when it listed
Dell Computer <DELL.O> options, the PHLX's busiest option.
CBOE's move last Monday was the first time the options
exchanges began competing for each others' exclusive listings.
Over the last week, the American Stock Exchange and the PHLX
have responded by adding each others' and the CBOE's options.
The other 15 current PCX options listings the CBOE will add
include: Compaq Computer Corp. <CPQ.N>; Sun Microsystems Inc.
<SUNW.O>; 3Com Corp. <COMS.O>; Applied Materials Inc. <AMAT.O>;
Advanced Micro Devices Inc. <AMD.N>; Tellabs Inc. <TLAB.O>;
Schering-Plough Corp. <SGP.N>; McKessonHBOC Corp. <MCK.N>; ALZA
Corp. <AZA.N>; R&B Falcon Corp.<FLC.N>; First Union Corp.
<FTU.N>; NIKE Inc. (Class B) <NKE.N>; Newbridge Networks Corp.
<NN.N>; Data General Corp. <DGN.N>, and Baker Hughes Inc.
<BHI.N>.
The 13 additional PHLX listings the CBOE will offer are:
Home Depot Inc. <HD.N>; Time Warner Inc. <TWX.N>; Fannie Mae
<FNM.N>; Abbott Laboratories <ABT.N>; J.P. Morgan & Co. Inc.
<JPM.N>; Rite Aid Corp. <RAD.N>; Newmont Mining Corp. <NEM.N>;
IDT Corp. <IDTC.O>; Analog Devices, Inc. <ADI.N>; Cambridge
Technology Partners Inc. <CATP.O>; General Instrument Corp.
<GIC.N>; Comcast Corp. (Special Class A) <CMCSK.O>, and Sprint
Corp. <FON.N>.
A CBOE spokeswoman said the CBOE has delisted 100 options
during the last couple of months and anticipated no difficulty
finding space on the trading floor for the 29 new issues.
The CBOE will announce the Designated Primary Market Makers
(DPMs) and other contract specifications for the new options
later on Friday.
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