Credit Suisse First Boston Launches Technology Index On Amex.

PALO ALTO, Calif.--(BUSINESS WIRE)--June 23, 1999--

The Nasdaq-Amex Market Group has begun trading options on The CSFB Technology Index (Amex:CTN).

Listed on the American Stock Exchange, this new equity index consists of 75 actively traded companies including 50 of the largest U.S.-listed technology stocks and 25 technology stocks carefully selected by the Credit Suisse Technology Group to add diversification by sector.

The new CSFB Technology Index is designed to benchmark technology stock performance by weighting its components in a manner more reflective of how fund managers invest in technology stocks, creating opportunities for profit and/or hedging against risk.

"Credit Suisse First Boston has created a new tool for investors to trade the technology sector," said Clifford Weber, vice president for new product development at the Nasdaq-Amex Market Group. "Unlike other indices, the CSFB Technology Index weightings strike a balance between market capitalization and equal dollar weighting in a way more reflective of how technology funds invest."

The CSFB Technology Index is calculated using a modified equal dollar weighting methodology in which the 25 largest components are assigned a higher weighting than the rest, which are equally weighted. Adjustments to the Index are made on an annual basis to ensure that each component is represented at its target weight and continues to represent an important sector of the technology industry. CTN options feature "European style" expiration and cash settlement, meaning that options may be exercised on the last business day prior to expiration.

"The CTN is designed to closely approximate the way institutional investors invest," said Mike Kwatinetz, global head of technology research at CSFB. "Unlike other tech indices, ours considers limits on investment size, sector diversification, and large/mid-cap investment ratios."

The CSFB Technology Index consists of the following 75 stocks: -0-

  COMS      3COM, Corp.
  ADCT      ADC Telecommunications, Inc.
  AMD       Advanced Micro Devices
  ALTR      Altera Corp.
  AMZN      Amazon.com, Inc.
  DOX       Amdocs Limited
  AOL       American Online, Inc.
  ADI       Analog Devices
  AAPL      Apple Computer Inc.
  AMAT      Applied Materials, Inc.
  ATHM      At Home Corp.
  BMCS      BMC Software, Inc.
  BRCM      Broadcom, Corp.
  CDN       Cadence Design Sys, Inc.
  CSCO      Cisco Systems, Inc.
  CTXS      Citrix Systems, Inc.
  CPQ       Compaq Computer, Corp.
  CA        Computer Associates Intl.
  CSC       Computer Sciences, Corp.
  CPWR      Compuware, Corp.
  DELL      Dell Computer, Corp.
  EGRP      E*TRADE Group, Inc.
  ELNK      EarthLink Network, Inc.
  EBAY      eBay, Inc.
  ERTS      Electronic Arts Inc.
  EDS       Electronic Data Systems, Corp.
  EMC       EMC Corporation
  FDC       First data Corporation
  IT        Gartner Group Inc.
  GTW       Gateway 2000, Inc.
  GIC       General Instrument Corp.
  HWP       Hewlett-Packard Company
  ITWO      i2 Technologies, Inc.
  IM        Ingram Micro Inc.
  INKT      Inktomi Corp.
  INTC      Intel Corp.
  IBM       International Business Machines
  INTU      Intuit Inc.
  KLAC      KLA-Tencor Corporation
  LXK       Lexmark International Group, Inc.
  LLTC      Linear Technology Corporation
  LU        Lucent Technologies Inc.
  MXIM      Maxim Integrated Products, Inc.
  MCHP      Microchip Technology, Inc.
  MU        Micron Technology, Inc.
  MSFT      Microsoft Corporation
  MOT       Motorola, Inc.
  NETA      Networks Associates, Inc.
  NN        Newbridge Networks Corporation
  NOK       Nokia Corporation
  NT        Northern Telecom Ltd.
  NOVL      Novell, Inc.
  ORCL      Oracle Corp.
  PMTC      Parametric Technology
  PSFT      PeopleSoft, Inc.
  QCOM      QUALCOMM Inc.
  RMBS      Rambus, Inc.
  SANM      Sanmina Corp.
  SAP       SAP AG
  SAPE      Sapient Corporation
  SEG       Seagate Technology
  SEBL      Siebel Systems, Inc.
  SLR       Solectron Corporation
  STM       STMicroelectronics N.V.
  STK       Storage Technology
  SUNW      Sun Microsystems, Inc.
  TLAB      Tellabs, Inc.
  TER       Teradyne, Inc.
  TXN       Texas Instruments Inc.
  UNPH      Uniphase Corporation
  UIS       Unisys Corporation
  VRTS      VERITAS Software
  VTSS      Vitesse Semiconductor
  XLNX      Xilinx, Inc.
  YHOO      Yahoo!, Inc.

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Corporate Communications CREDIT SUISSE FIRST BOSTON CORPORATION 2400 Hanover Street Palo Alto, CA 94304-1113

The CSFB Technology Group is a full-service investment banking team specializing in technology transactions within the Credit Suisse First Boston Corporation. The Technology Group has global reach with over 150 technology-focused professionals (including 21 research analysts) in Palo Alto, San Francisco, New York, Boston, London, and Asia.

The CSFB Technology Group is No. 1 in market share (year to date) with 29 technology IPOs valued at over $2.9 billion; the group also ranks as No. 1 in technology lead-managed IPO volume and No. 1 in technology M&A volume (26 transactions valued at over $50.3 billion.)