More "holders" info:
In addition to Broadband HOLDRS and Telebras HOLDRS, there are seven other HOLDRS: Telecom HOLDRS (TTH), Pharmaceutical HOLDRS (PPH), B2B Internet HOLDRS (BHH), Internet Infrastructure HOLDRS (IIH), Internet Architecture HOLDRS (IAH), Biotech HOLDRS (BBH) and Internet HOLDRS (HHH).
An investor may obtain HOLDRS by purchasing them in the secondary market - just like any other stock - or by depositing with the HOLDRS Trustee the required share amounts of the 20 underlying stocks and paying an issuance fee of up to 10 cents per HOLDR to the Trustee. HOLDRS can only be traded, issued and canceled in round lots of 100 HOLDRS.
The specific share amounts underlying each round lot of 100 Broadband HOLDRS are set forth in the chart below. These share amounts should not vary except for changes due to corporate events such as stock splits or reverse splits on the underlying securities or reconstitution events.
Ticker Name of Company BDH Shares per HOLDRS
LU LUCENT TECHNOLOGIES INC 29
NT NORTEL NETWORKS CORP 14
MOT MOTOROLA INC 6
QCOM QUALCOMM INC 8
JDSU JDS UNIPHASE CORP 8
BRCM BROADCOM CORP -CL A 2
GLW CORNING INC 3
SCMR SYCAMORE NETWORKS INC 3
AMCC APPLIED MICRO CIRCUITS CORP 1
TLAB TELLABS INC 4
TERN TERAYON COMMUN SYSTEMS INC 1
PMCS PMC-SIERRA INC 1
CMVT COMVERSE TECHNOLOGY INC 2
SDLI SDL INC 1
CNXT CONEXANT SYSTEMS INC 2
NXTV NEXT LEVEL COMM INC 1
RFMD RF MICRO DEVICES INC 1
SFA SCIENTIFIC-ATLANTA INC 2
CIEN CIENA CORP 1
CMTN COPPER MTN NETWORKS INC 1
The Merrill Lynch U.S. Private Client
Internet B2B HOLDRS (BHH)
Name & Symbol # Of Shares Name & Symbol # Of Shares
Internet Capital Group, Inc. (ICGE) 15 Retek Inc. (RETK) 3
Ariba, Inc. (ARBA) 7 Sterling Commerce, Inc. (SE) 6
Commerce One, Inc. (CMRC) 6 Proxicom, Inc. (PXCM) 4
FreeMarkets, Inc. (FMKT) 3 Silknet Software, Inc.(SILK) 1
VerticalNet, Inc. (VERT) 3 PurchasePro.com, Inc. (PPRO) 2
Scient Corporation (SCNT) 5 SciQuest.com, Inc.(SQST) 3
CareInsite, Inc. (CARI) 6 QRS Corporation (QRSI) 1
Ventro Corporation (VNTR) 2 Harbinger Corporation (HRBC) 3
Agile Software Corporation (AGIL) 2 Pegasus Systems, Inc. (PEGS) 2
CheckFree Holdings Corporation (CKFR) 4 ImageX.com, Inc. (IMGX) 1
Internet Infrastructure HOLDRS (IIH)
Name & Symbol # Of Shares Name & Symbol # Of Shares
Exodus Communications, Inc. (EXDS) 6 Vitria Technology, Inc. (VITR) 2
Akamai Technologies, Inc. (AKAM) 3 InterNAP Network Services Corporation (INAP) 5
VeriSign, Inc. (VRSN) 4 Digital Island, Inc. (ISLD) 2
InfoSpace.com Inc. (INSP) 4 Network Solutions, Inc. (NSOL) 1
BroadVision, Inc. (BVSN) 3 Kana Communications, Inc. (KANA) 2
Vignette Corporation (VIGN) 2 Alteon WebSystems, Inc. (ATON) 2
Inktomi Corp. (INKT) 4 Usinternetworking, Inc. (USIX) 2
BEA Systems, Inc. (BEAS) 5 E.piphany, Inc. (EPNY) 1
RealNetworks, Inc. (RNWK) 6 NaviSite, Inc. (NAVI) 1
Portal Software, Inc. (PRSF) 6 Software.com, Inc. (SWCM) 2
Internet Architecture HOLDRS (IAH)
Name & Symbol # Of Shares Name & Symbol # Of Shares
Cisco Systems, Inc. (CSCO) 13 Foundry Networks, Inc. (FDRY) 1
International Business Machines Corp. (IBM) 13 Gateway, Inc. (GTW) 2
Hewlett-Packard Co. (HWP) 7 Network Appliance, Inc. (NTAP) 1
Sun Microsystems, Inc. (SUNW) 12 Apple Computer, Inc. (AAPL) 1
EMC Corp. (EMC) 8 Cobalt Networks, Inc. (COBT) 1
Dell Computer Corporation (DELL) 19 Seagate Technology, Inc. (SEG) 2
Compaq Computer Corporation (CPQ) 13 Extreme Networks, Inc. (EXTR) 1
Sycamore Networks, Inc. (SCMR) 2 CIENA Corporation (CIEN) 1
Juniper Networks, Inc. (JNPR) 1 Unisys Corp. (UIS) 2
3Com Corporation (COMS) 3 Adaptec, Inc. (ADPT) 1
TELECOM HOLDRS TTH
Ticker Name of Company Shares Per HOLDRS Round Lot
SBC SBC Communications Inc. 27
T AT & T Corp 25
WCOM MCI WorldCom, Inc. 22
BEL Bell Atlantic Corporation 12
BLS BellSouth Corporation 15
GTE GTE Corporation 8
BCE BCE Inc. 5
FON Sprint Corporation 6
PCS Sprint Corp (PCS Group) 3
GBLX Global Crossing Ltd. 6
NXTL Nextel Communications, Inc. 3
USW U S WEST, Inc. 4
Q Qwest Communications International Inc. 6
LVLT Level 3 Communications, Inc. 3
AT ALLTEL Corporation 2
TDS Telephone and Data Systems, Inc. 1
NTLI NTL Incorporated 1
BRW Broadwing Inc. 2
MCLD McLeodUSD Incorporated 1
CTL CenturyTel, Inc. 1
PHARMACEUTICAL HOLDRS PPH
Ticker Name of Company Shares Per HOLDRS Round Lot
MRK Merck & Co., 22
PFE Pfizer Inc. 36
JNJ Johnson & Johnson 13
BMY Bristol-Myers Squibb Company 18
LLY Eli Lilly and Company 10
WLA Warner-Lambert Company 8
SGP Schering-Plough Corporation 14
AHP American Home Products Corporation 12
ABT Abbott Laboratories 14
PNU Pharmacia & Upjohn, Inc. 5
BVF Biovail Corporation 2
KING King Pharmaceuticals 1
FRX Forest Laboratories, Inc. 1
ADRX Andrx Corporation 1
AGN Allergan, Inc. 1
JMED Jones Pharma Incorporated 1
WPI Watson Pharmaceuticals, Inc. 1
ICN
MERRILL LYNCH INTRODUCES SINGLE SECURITY REPRESENTING 20 BIOTECH STOCKS NEW YORK, Nov. 22 - Merrill Lynch, Pierce, Fenner & Smith Incorporated today announced the launch of Biotech HOLDRsSM, a new security representing undivided beneficial ownership interest in the common stock of 20 specified companies involved in various segments of the biotechnology industry. Today, 4.5 million Biotech HOLDRs were priced for initial sale to the public at an aggregate offering price in excess of $490 million. Trading of Biotech HOLDRs begins on Tuesday, November 23, 1999, on the American Stock Exchange under the symbol "BBH." Newly issued Biotech HOLDRs will be available on a continuous basis. "Investors have embraced the HOLDRs investment platform," said Steve Bodurtha, First Vice President and Senior Director of Merrill Lynch's Customized Investments Group. "With Biotech HOLDRs, investors now have a flexible, cost-effective way to diversify their investment in the biotechnology industry at costs that may be lower than investing through other vehicles." Biotech HOLDRs are Merrill Lynch's second offering from their new, innovative HOLDRsSM investment platform. Two months ago Merrill Lynch introduced Internet HOLDRs (Amex: "HHH"), the first registered U.S. security to represent investors' undivided ownership rights in other U.S. securities. Approximately 3.7 million Internet HOLDRs were issued by Merrill Lynch on September 22, 1999 at a price of $108 ¬. Since its launch just two months ago, over 2.8 million additional Internet HOLDRs shares have been issued to investors. Today, more than 6.5 million Internet HOLDRs are outstanding and represent an aggregate market value in excess of $935 million. Like Internet HOLDRs, Biotech HOLDRs can only be traded, issued and cancelled in round-lots of 100 shares. Biotech HOLDRs are depositary receipts issued by the Biotech HOLDRs Trust, for which The Bank of New York acts as Trustee. Unlike a mutual fund or UIT, Biotech HOLDRs represent an investor's undivided beneficial ownership interest in 20 of the largest and most liquid companies in the biotechnology industry measured by market capitalization and trading volume. In July of 1998 Merrill Lynch launched its first HOLDRs product, Telebras HOLDRs (NYSE: "TBH"), with an initial market capitalization of more than $4.68 billion. Telebras HOLDRs represent investors' interests in 12 separate American Depositary Receipts. Since its inception, TBH has traded on average almost 1.7 million shares per day. The specific share amounts underlying each round-lot of 100 Biotech HOLDRs are set forth in the chart below. The share amounts set forth below should not change except for changes due to corporate events such as stock splits or reverse splits on the underlying securities or reconstitution events.
Company Symbol Share Amounts
Amgen Inc. AMGN 46
Genentech, Inc. DNA 22
Biogen, Inc. BGEN 13
Immunex Corporation IMNX 14
PE Corp-PE Biosystems Group PEB 9
MedImmune, Inc. MEDI 5
Chiron Corporation CHIR 16
Genzyme Corporation GENZ 7
Gilead Sciences, Inc. GILD 4
Sepracor Inc. SEPR 3
IDEC Pharmaceuticals Corporation IDPH 2
QLT PhotoTherapeutics Inc. QLTI 5
Millennium Pharmaceuticals, Inc. MLNM 3
BioChem Pharma Inc. BCHE 9
Affymetrix, Inc. AFFX 2
Human Genome Sciences, Inc. HGSI 2
ICOS Corporation ICOS 4
Enzon, Inc. ENZN 3
Celera Genomics CRA 2
Alkermes, Inc. ALKS 2
An investor may obtain Biotech HOLDRs by purchasing them on the American Stock Exchange or by depositing with the Trustee the required share amounts of the 20 underlying biotechnology stocks and paying an issuance fee of up to $0.10 per HOLDR to the Trustee. Investors also may cancel their HOLDRs by presenting them to the Trustee and paying a cancellation fee of up to $0.10 per HOLDR to the Trustee in return for delivery to the investor of the 20 biotechnology stocks represented by the HOLDRs. The issuance and cancellation of HOLDRs is not a taxable event, and this mechanism will provide investors with investing and trading flexibility.
Company Name HHH Ticker Share Amounts
America Online Inc. AOL 21
Yahoo Inc. YHOO 13
Amazon.com Inc. AMZN 18
eBay Inc. EBAY 6
At Home Corp. ATHM 17
Priceline.Com Inc. PCLN 7
CMGI Inc. CMGI 5
Inktomi Corporation INKT 3
RealNetworks, Inc. RNWK 4
Exodus Communications, Inc. EXDS 4
E*TRADE Group Inc EGRP 12
DoubleClick Inc. DCLK 2
Ameritrade Holding Corp. AMTD 9
Lycos, Inc. LCOS 4
CNET, Inc. CNET 4
PSINet Inc. PSIX 3
Network Associates, Inc. NETA 7
EarthLink Network, Inc. ELNK 2
MindSpring Enterprises, Inc. MSPG 3
Go2Net, Inc. GNET 1
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