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AMEX TO TRADE NEW OPTIONS SEPT. 10 ON CALIFORNIA MICROWAVE AND INTELCOM GROUP

 NEW YORK, Sept. 7 /PRNewswire/ -- The American Stock Exchange will trade put and call options, beginning Sept. 10, on the over-the-counter stock of California Microwave, Inc. (stock/option symbol: CMIC/CQI), and on Amex-listed IntelCom Group, Inc. (symbol: ITR), formerly Intertel Communications Inc.
 California Microwave, based in Sunnyvale, Calif., designs, develops, manufactures and markets electronic communications equipment and systems for commercial and defense applications. Its customers include telecommunications and satellite common carriers, the U.S. government, private service networks and foreign governments.
 IntelCom Group originally listed on the Emerging Company Marketplace at the Amex in March 1992, and grew sufficiently to graduate to the Amex primary list in January 1993. The company, through 96 percent owned Teleport Denver, Inc., installs and operates self healing fiber optic cables as an alternative to US West's local telephone lines.
 The company also provides a number of other telecommunications services and operates certain oil and gas producing properties. Telecommunications services are located in Denver, Colo., and the corporate headquarters is in Vancouver, British Columbia.
 CQI will open with strike prices of 22 1/2, 25 and 30, and position limits of 3,000 contracts. Initial expiration months will be October and November of 1993, and January and April of 1994.
 ITR will open with strike prices of 10, 12 1/2 and 15 and position limits of 3,000 contracts. Initial expiration months will be October, November and December of 1993, and March of 1994.
 The Amex trades a total of 341 stock options, including 95 options on over-the-counter stocks, as well as 43 LEAPS(R) (Long-term Equity AnticiPation Securities)(R). In addition, options are traded on seven broad market indexes--the Major Market Index (XMI), the XMI LEAPS(R) Index (XLT), the S&P MidCap 400 Index and MidCap LEAPS(R) (MID), the Institutional Index (XII), the Japan Index (JPN) and the EUROTOP 100 Index (EUR) -- as well as six industry-based indexes -- the Oil Index (XOI), the Computer Technology Index (XCI), the Pharmaceutical Index (DRG), the DRG LEAPS(R) Index (DGL), The Biotechnology Index (BTK), and the BTK LEAPS(R) Index (BKL).
 -0- 9/7/93
 /CONTACT: Bob Shabazian, managing director of American Stock Exchange, 212-306-1630/


CO: California Microwave, Inc.; IntelCom Group, Inc. ST: California, British Columbia IN: CPR SU:

LG -- NY043 -- 9311 09/07/93 11:54 EDT
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Publication:PR Newswire
Date:Sep 7, 1993
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