Friday, February 25, 2000
NEW YORK ? The American Stock Exchange today began trading Internet Architecture HOLDRSSMDepositary 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 undethe symbol of IAH.
"Owners of Internet Architecture HOLDRSSM 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 HOLDRSSM 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) |
