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To: TFF who wrote (11223)	4/30/2004 12:15:54 PM
From: Esteban	Respond to of 12617

TFF - I've missed your daily news posts. Welcome back. - Esteban

To: TFF who wrote (11223)	5/5/2004 10:03:29 AM
From: Tech Master	Read Replies (1) \| Respond to of 12617

I don't believe that the SEC can demonstrate that the marketplace isn't being adequately served now by the current license arrangements to justify a redefinement of constitutional law. I support CBOE's position on this matter. Its unconstitutional to force multiple listing of trademarked or patented products. If the ISE wants these products, they should bid for them at the time of renewal. If the ISE et al. were to prevail on this matter, all intellectual property would become subject to similar challenges across the competitive landscape and diminish the incentive to develop any proprietary material. If this moves forward, it will wind up at the Supreme Court and ultimately I believe that they would protect the constitutional right to create and protect intellectual property. Thomas Jefferson would spin in his grave if this action were to be successful. jmho.