Looking for more excitement in EGGS? This may do it!
PHLX, TheStreet.com get okay for Internet index
Reuters Story - November 24, 1998 13:50
CHICAGO, Nov 24 (Reuters) - The Philadelphia Stock Exchange (PHLX) and TheStreet.com news service said on Tuesday they have received approval from the U.S. Securities and Exchange Commission (SEC) to trade TheStreet.com Internet Sector (DOT).
The new sector index will begin trading on the PHLX on Dec. 9.
TheStreet.com Internet Sector index will track the performance of twenty Internet companies and will be equal-dollar weighted, meaning that the performance of large and small companies in the index will be represented equally.
The companies represented in the index include America Online Inc. and Netscape Communications Inc. , which are reportedly in talks to merge, Amazon.com Inc. , Macromedia Inc. , MindSpring Enterprises Inc. , At Home Corp. , BroadVision Inc. ,Network Associates Inc. , CMG Information Services Inc. Onsale Inc. , Checkpoint Software Technologies , Open Market Inc. , Egghead.com Inc. , Real Networks Inc. , Excite Inc. , Security Dynamics Technologies Inc. , Infoseek Corp. , USWeb Corp. , Lycos Inc. and Yahoo! Inc. .
The PHLX and TheStreet.com, an online investment and financial news service, said the composition of the index was subject to change.
Susquehanna Investment Group was named specialist for options based on the index, the exchange said. |
