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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: yzfool who wrote (13838)	11/5/1999 3:35:00 PM
From: Sarkie	Read Replies (1) \| Respond to of 28311

AMERICAN STOCK EXCHANGE SAYS INTERNET HOLDRS(SM) EXEMPT FROM SHORT SALE RULE NEW YORK, Nov 5, 1999 /PRNewswire via COMTEX/ -- The American Stock Exchange(R) said today that it has received a no action letter from the Securities and Exchange Commission regarding short sales of Internet HOLDRs(SM) (Amex: HHH). The Amex said the SEC letter granted an exemption from SEC Rule 10a-1 (the short sale rule) to permit short sales of Internet HOLDRs on a minus or zero-minus tick. In a circular, the Exchange emphasized that the Amex requires members effecting short sales for both customer and proprietary accounts to either make prior arrangements to borrow the securities or obtain acceptable assurances that prompt delivery can be made on the settlement date. Internet HOLDRs(SM), which were listed on the Amex on September 23, represent investors' undivided beneficial ownership interest in each of 20 underlying Internet stocks. 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 underlying stocks are Amazon.com (Nasdaq: AMZN), America Online (NYSE: AOL), Ameritrade Holding Corp. (Nasdaq: AMTD), At Home Corp. (Nasdaq: ATHM), CMGI (Nasdaq: CMGI), CNET (Nasdaq: CNET), DoubleClick (Nasdaq: DCLK), E*TRADE Group (Nasdaq: EGRP), Earthlink Network (Nasdaq: ELNK), eBay (Nasdaq: EBAY), Exodus Communications (Nasdaq: EXDS), Go2Net (Nasdaq: GNET), Inktomi Corp. (Nasdaq: INKT), Lycos (Nasdaq: LCOS), MindSpring Enterprises (Nasdaq: MSPG), Network Associates (Nasdaq: NETA), Priceline.com (Nasdaq: PCLN), PSINet (Nasdaq: PSIX), Real Networks (Nasdaq: RNWK), Yahoo! (Nasdaq: YHOO). The American Stock Exchange(R) is a unit of The Nasdaq-Amex Market Group(SM), which also operates The Nasdaq Stock Market(R). The Nasdaq-Amex Market Group is a subsidiary of the National Association of Securities Dealers, Inc. (NASD(R)), the largest securities-industry, self-regulatory organization in the United States. The Amex has a significant presence in listed equity securities, in equity derivative securities, and in options. For more information about The Amex, visit amex.com. SOURCE American Stock Exchange (C) 1999 PR Newswire. All rights reserved. prnewswire.com