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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (29718)	2/19/1998 7:53:00 PM
From: BillyG	Read Replies (1) \| Respond to of 50808

Now you're barking! Woof, woof! (eom)

To: Stoctrash who wrote (29718)	2/19/1998 7:56:00 PM
From: BillyG	Read Replies (1) \| Respond to of 50808

Merrill Lynch Technology Index....... techweb.cmp.com A service of Semiconductor Business News, CMP Media Inc. Story posted at 7 p.m. EST/4 p.m. PST, 2/19/98 Merrill Lynch launches technology index By Patrick Waurzyniak, Electronic Buyers' News NEW YORK -- Merrill Lynch & Co. Inc. today announced the Merrill Lynch 100 Technology Index, an index that the investment company said is designed to become the benchmark for technology investing. Merrill Lynch, New York, said the Merrill Lynch 100 Technology Index is an equally weighted index of the 100 largest market caps in technology and will be quoted intraday by the American Stock Exchange under the symbol "MLO" (for Merrill Lynch 100). Merrill Lynch said that historical data will be widely available through data vendors such as Bloomberg. The key advantages touted of the Merrill Lynch 100 index include diversified representation of the technology sector and well-defined index rules, the company said. The index can be used as a selection universe, a performance benchmark, to index assets, and as a basket for hedging or equitizing, Merrill Lynch said. "There hasn't been a technology index that provides a diversified representation of the technology sector with a set of objective selection and maintenance rules," said Rosemary Berkery and Andrew Melnick, co-directors of Merrill Lynch's global securities research & economics. "A good index should be fully representative of technology stocks, have clear rules, and exhibit appropriate liquidity. In constructing the Merrill Lynch 100 Technology Index, we have addressed these issues. We believe that it will become the benchmark for technology investing." The new index offers exposure to all important technology sectors, including semiconductors, computer software and hardware, services, and networking. It includes a number of measures to reflect the global nature of the technology industry. The index has strict quantitative rules to minimize subjective judgement and ensure transparency for investors, according to Merrill Lynch. Component stocks also will be tested for liquidity, the company said.