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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: steve who wrote (19785)	1/29/2001 1:23:12 AM
From: steve	Read Replies (1) \| Respond to of 26039

An OT heads up. Special Report: Decimal Stock Pricing Begins January 29 Soon all stocks trading on the New York Stock Exchange and American Stock Exchange will be quoted in decimals instead of fractions. The conversion begins on January 29 and is expected to be completed by April. Some companies, such as Gateway Inc., Kimberly-Clark Corp. and Lockheed Martin Corp. have already experienced decimal pricing. Most supporters prefer the simplicity of decimal pricing and the reduction of the spread between bid and ask prices to 1 cent from its current 1/16, which equals 6.25 cents. Critics argue that decimal pricing will lead to more volatility, and with fewer shares available in the market at a specific price, even small trades may get executed at several different prices. Tax experts warn that the changes may lead to more disputes between brokers and their customers during tax time. Financial experts recommend that investors always submit limit orders when they buy and sell. That way trades will be executed within the expected price range, regardless of whether the stocks are quoted in decimals or fractions. ************************************************************************ eInvestment News The SEC recently issued a report warning Internet brokerage firms to improve their overall business practices, including online trading technology and advertising, to ensure that consumers are adequately protected and informed. Common problems that were identified included the lack of full disclosure and confidential information being sent via unencrypted email. SEC Chairman Arthur Levitt is expected to retire in February. One of his last proposed reforms is to give shareholders veto power over stock option plans at publicly traded companies. steve