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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: denni who wrote (93910)	12/13/1999 2:38:00 PM
From: JDN	Read Replies (1) \| Respond to of 186894

Microsoft, Intel, to List on Hong Kong Exchange New York, Dec. 13 (Bloomberg) - Microsoft Corp., Intel Corp. and five other Nasdaq Stock Market companies will list on the Stock Exchange of Hong Kong in February, Nasdaq said. The other five are Cisco Systems Inc., Dell Computer Corp., Amgen Inc., Applied Materials Inc. and Starbucks Corp. Nasdaq, the world's second-largest stock market by value, and the Hong Kong market agreed last December to make it easier for companies to list their shares in the U.S. and Hong Kong. Global 24-hour trading ''is getting closer,'' said Nasdaq International's president, John Wall. Nasdaq officials said they expect Hong Kong companies to list on Nasdaq in the U.S. next year. They said they will also expand the number of Nasdaq stocks trading in Hong Kong. Frank Zarb, chairman of the National Association of Securities Dealers, Nasdaq's parent, wants to create a European version of Nasdaq in 2001. And he's said he expects investors anywhere in the world to be able to trade any stock any time. ''In a few years, trading will be all-digital, global and accessible 24 hours a day,'' Zarb said in October. Meanwhile, the New York Stock Exchange, the world's largest stock market and Nasdaq's cross-town rival, wants to create an alliance with eight of the largest markets around the world. Australian Stock Exchange Managing Director Richard Humphry said the NYSE plans a January meeting in Europe to discuss the so- called G-9, which includes markets in Toronto, London, Paris and Frankfurt -- but not Nasdaq. The Hong Kong exchange's capitalization was $344 billion at the end of 1998, according to the International federation of Stock Exchanges. Today Nasdaq's market cap is about $4.5 trillion, and the NYSE's is about three times that.