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Kelli Crudo

Philadelphia Stock Exchange


THESTREET.COM INTERNET SECTOR INDEX BREAKS 1000 Index Created by Has Soared More Than 150% Year-to-Date

PHILADELPHIA and NEW YORK, December 6, 1999 - Internet Sector index (ticker symbol: DOT) surged past the 1000 mark on Friday, December 3

rd , closing above 1000 for the first time since its inception last year. The widely followed and frequently traded index closed at 1028.54, up more than 150% for the year, compared with a gain of approximately 16% by the Standard & Poor's 500 index during the same period.

"We are excited that Internet Sector index has become the leading Internet index just one year after its launch," said Thomas J. Clarke, Chief Executive Officer of "The DOT offers a powerful way for investors to easily track the performance of the vibrant and growing Internet sector." Internet Sector is one of the most closely followed new indices. Options based on the index's performance are much more heavily traded than any other Internet index option, with DOT options accounting for more than 70% of Internet index options volume on all major U.S. options exchanges during the month of November. Trading in DOT options has averaged more than three times the average daily volume of the closest competitor. Internet Sector index is the creation of, a leading Web-based provider of financial news and commentary, and the Philadelphia Stock Exchange (PHLX), the fastest growing sector index options exchange. Launched in December 1998, the index measures the stock performance of a group of twenty leading companies involved in Internet commerce, service and software. Options based on the index trade on the PHLX. Internet Sector is an equal-dollar-weighted index, with an equivalent value assigned to each of these twenty Net players:

  • (Nasdaq: AMZN)
  • America Online (NYSE: AOL)
  • BroadVision (Nasdaq: BVSN)
  • CMGI (Nasdaq: CMGI)
  • Check Point Software Technologies (Nasdaq: CHKP)
  • EBay (Nasdaq: EBAY)
  • E*Trade (Nasdaq: EGRP)
  • (Nasdaq: EGGSD)
  • Excite@Home (Nasdaq: ATHM)
  • (NYSE: GO)
  • Inktomi (Nasdaq: INKT)
  • Lycos (Nasdaq: LCOS)
  • Macromedia (Nasdaq: MACR)
  • MindSpring Enterprises (Nasdaq: MSPG)
  • Network Associates (Nasdaq: NETA)
  • Open Market (Nasdaq: OMKT)
  • RealNetworks (Nasdaq: RNWK)
  • RSA Security (Nasdaq: RSAS)
  • USWeb/CKS (Nasdaq: USWB)
  • Yahoo! (Nasdaq: YHOO)

The Philadelphia Stock Exchange is the first securities exchange in the U.S. and the nation's fastest growing sectors index options exchange. Founded in 1790, PHLX is a market leader in the trading of over 2600 stocks, 950 equity options, 12 sectors index options, and 100 currency pairs., Inc.

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