Amex to Trade Options on Echelon Corporation, IDT, PTC, Vitesse
Semiconductor
Corporation, and Vishay Intertechnology, Inc.
NEW YORK, July 11 /PRNewswire/ -- The American Stock Exchange will launch trading in options on the Nasdaq National Market-listed stocks Echelon Corporation (Options Symbol: EUL / Stock Symbol: ELON), IDT (Options Symbol: ITQ / Stock Symbol: IDTI), PTC (Options Symbol: PMQ / Stock Symbol: PMTC), Vitesse Semiconductor Corporation (Options Symbol: VQT / Stock Symbol: VTSS), and the New York Stock Exchange-listed stock Vishay Intertechnology, Inc. (Symbol: VSH) on Thursday, July 13, 2000.
Echelon Corporation options will open with position limits of 75,000 contracts. The options will trade on the February expiration cycle. The specialist will be Botta Trading, Inc. Echelon Corporation offers a comprehensive line of hardware and software products for automating building, home, industrial, transportation, and utility applications using LonWorks networks, an international, cross-industry, open standard for interoperable device networks.
IDT options will open with position limits of 75,000 contracts. The options will trade on the February expiration cycle. The specialist will be Eclipse JV. IDT enhances the global network with semiconductor solutions for communications companies that lead innovation and drive convergence in voice, data and wireless networks.
PTC options will open with position limits of 75,000 contracts. The options will trade on the February expiration cycle. The specialist will be Bear Hunter LLC. PTC, founded in 1985 and headquartered in Waltham, Mass., USA (Parametric Technology Corporation), develops, markets, and supports collaborative product commerce (CPC) solutions that help manufacturing companies shape innovation and achieve sustainable competitive advantage in the Internet age.
Vitesse Semiconductor Corporation options will open with position limits of 75,000 contracts. The options will trade on the January expiration cycle. The specialist will be Cohen, Duffy & McGowan. Vitesse Semiconductor Corporation is the leading designer and supplier of semiconductors for the manufacturers of next generation DWDM, optical networking, and carrier/enterprise network switching equipment.
Vishay Intertechnology, Inc. options will open with position limits of 47,250 contracts. The options will trade on the January expiration cycle. The specialist will be Botta Trading, Inc. Vishay Intertechnology, Inc. is the largest U.S. and European manufacturer of passive electronic components (resistors, capacitors, inductors) and a major producer of discrete semiconductors (diodes, optoelectronics, transistors), IrDCs (infrared communication devices), and power and analog switching integrated circuits.
The American Stock Exchange(R), a subsidiary of the National Association of Securities Dealers, Inc. (NASD(R)), is the only primary exchange that offers trading across a full range of equities, Index Shares(SM), including structured products, and options. In addition to its role as a national equities market, the Amex is the leader in Index Share listings (DIAMONDS(R), iShares(SM), MidCap SPDRs(TM), Nasdaq-100 Index Tracking Stock(SM), Select Sector SPDRs(R), and SPDRs(R)) and is the second-largest options exchange in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, visit amex.com.
SOURCE American Stock Exchange
-0- 07/11/2000 |
