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To: Jeffrey L. Henken who wrote (891)2/5/1999 10:39:00 AM
From: slaffe  Read Replies (1) | Respond to of 939
 
Nice call jeff. I too was worried yesterday, but then I remembered my trip to vegas and my fears vanquished.

Steve



To: Jeffrey L. Henken who wrote (891)2/5/1999 11:48:00 AM
From: Ray Tarke  Read Replies (2) | Respond to of 939
 
Friday February 5, 1:19 am Eastern Time - Internet

Nasdaq-Amex launches e-commerce index

NEW YORK, Feb 4 (Reuters) - The Nasdaq-Amex said it will start
calculating an e-commerce index, set up in association with online news
provider TheStreet.com, that will track 15 companies that sell goods on
the Internet starting Friday.

The Amex said on Thursday that investors will also be able to
trade options on the index starting February 17.

The 15 companies all derive either all or a significant part of
their revenue from online commerce. Among them: bookseller
Amazon.com Inc. (Nasdaq:AMZN - news), brokerage firm Ameritrade Holding
Corp. (Nasdaq:AMTD - news), bookseller Barnes & Noble Inc. (NYSE:BKS -
news), and software producer BroadVision Inc. (Nasdaq:BVSN - news).

Also included will be musicseller CDnow Inc. (Nasdaq:CDNW - news),
broker E*Trade Group Inc.(Nasdaq:EGRP - news), auctioneer eBay Inc.
(Nasdaq:EBAY - news), computer-products seller Egghead.com Inc.
(Nasdaq:EGGS - news), and Hollywood Entertainment Corp.(Nasdaq:HLYW -
news). Microsoft co-founder Paul Allen holds interests in Hollywood
Entertainment, which operates Internet movie seller Reel.com.

Others are Micro Warehouse Inc. (Nasdaq:MWHS - news), which sells
microcomputer software and related accessories, music retailer N2K Inc.
(Nasdaq:NTKI - news), grocer Peapod Inc. (Nasdaq:PPOD - news), and
Preview Travel Inc. (Nasdaq:PTVL - news). Retailer ONSALE Inc
(Nasdaq:ONSL - news) and National Media Corp. (NYSE:NM - news) will also
be in the index. National Media is the only of the 15 companies that is
not traded on the Nasdaq. It trades on the New York Stock Exchange.

The index will trade under the symbol ''ICX'' (^ICX - news).

The index will use ''equal-dollar weighting'' so each security is
represented in about equal dollar value. The index will be updated
quarterly.

The options will have ''European style'' expiration and cash settlement,
meaning options may be exercised on the last business day prior to
expiration.

The specialist unit for the new index options will be Susquehanna
Investment Group

Rrgards,
R.T