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Too Bad! Redback is *not* in the new Internet Architecture HOLDRs:
Amex Begins Trading Internet Architecture HOLDRS(SM) New Depositary ReceiptIssue Offers Investors the
Ability to Gain Exposure to a Wide Range of InternetArchitecture Companies
Fri Feb 25 16:30:00 EST 2000
NEW YORK, Feb 25, 2000 /PRNewswire via COMTEX/ -- The American Stock Exchange
today began trading Internet Architecture HOLDRS(SM) Depositary Receipts, which
give investors ownership interest in the stocks of 20 specified companies
involved in various aspects of the Internet architecture business. A total of
2.7 million depositary receipts were issued yesterday at $94.41 each and will
trade under the symbol of IAH.
"Owners of Internet Architecture HOLDRS(SM) have the ability to diversify their
investment in the Internet industry with the flexibility of undivided beneficial
ownership interests in each of the underlying securities represented," said
Richard A. Mikaliunas, Amex senior vice president of capital markets.
Internet Architecture HOLDRS(SM) represent investors' undivided beneficial
ownership interest in each of 20 underlying companies involved in the Internet
Architecture business. Investors may buy and sell the receipts in round lots of
100 shares, just as they would any stock. Investors may also cancel their
depositary receipts, receiving the underlying shares, or request creation of
additional depositary receipts by delivering to the trust the required
underlying stock. The 20 stocks in the trust are:
3Com Corporation (COMS) Foundry Networks (FDRY)
Adaptec, Inc. (ADPT) Gateway, Inc. (GTW)
Apple Computer, Inc. (APPL) Hewlett-Packard Company (HWP)
Ciena Corporation (CIEN) International Business Machines
Corporation (IBM)
Cisco Systems, Inc. (CSCO) Juniper Networks, Inc. (JNPR)
Cobalt Networks, Inc. (COBT) Network Appliance, Inc. (NTAP)
Compaq Computer Corporation (CPQ) Seagate Technology, Inc. (SEG)
Dell Computer Corporation (DELL) Sun Microsystems, Inc. (SUNW)
EMC Corporation (EMC) Sycamore Networks, Inc. (SCMR)
Extreme Networks, Inc. (EXTR) Unisys Corporation (UIS)
The American Stock Exchange trades options on 26 broad-based and sector indexes
and 1,185 domestic and foreign stocks, as well as Long-term Equity AnticiPation
Securities(R) (LEAPS(R)) on 234 stocks. The Amex is home to the Index Share(TM)
Marketplace, which includes SPDRs(R), Select Sector SPDRs(R), DIAMONDS(SM),
MidCap SPDRs(TM), WEBS(TM) and Nasdaq-100 Shares(SM). Amex is a leader in
listing warrants on indexes, hybrid instruments and other structured products.
For more information, visit amex.com.
SOURCE American Stock Exchange
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