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Technology Stocks : Network Appliance

NTAP 109.82

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3:59 PM EST

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To: Normandi who wrote (2264)	2/4/2000 11:47:00 AM
From: Lynn	Read Replies (1) of 10934

OT Norm: First, there is no stock with the symbols ADR. ADR = American Depository Receipt. STM (STMicroelectronics) is a European semiconductor company, a joint French/Italian corporation. We in the States do not actually buy the shares of STM (traded on the Paris and Milan exchanges) but the ADR's of STM, which are held at The Bank of NY. The symbol for STMicroelectronics is the same on the NY, Paris, and Milan exchanges--STM. ARM Holdings, one to consider for your grandchildren, is primarily traded on the London Exchange. Headquarters are in Cambridge, England. The symbol for this company in the various European exchanges in which it trades is ARM whereas the ADRs we in the states buy goes under the symbol ARMHY. Whereas STM has a 1:1 share to ADR ratio, ARM Holdings has a 3:1 ADR ratio--1 ADR = 3 shares. I often check prices for ARM and STM in Europe before the market opens over here to get an idea how both should do that day. I use this Yahoo! URL and select the 'all markets' and 'detailed' options: finance.uk.yahoo.com Regards, Lynn P.S. Looking at your profile, you have a most commendable occupation :)

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