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PHLX TO LIST OPTIONS ON GENERAL INSTRUMENT CORPORATION (GIC)

 PHLX TO LIST OPTIONS ON GENERAL INSTRUMENT CORPORATION (GIC)
 PHILADELPHIA, Aug. 24 /PRNewswire/-- The Philadelphia Stock Exchange (PHLX) said it is pleased to announce that it will begin trading put and call options on General Instrument Corporation (GIC) on or about Sept. 15, 1992.
 McGowan investments will act as the specialist unit for GIC options trading.
 General Instrument is a world leader in broadband transmission, distribution and access control technologies for cable, satellite and terrestrial broadcasting applications, as well as in discrete power rectifying components.
 Options on General Instrument Corp. traded exclusively on the PHLX from July of 1980 until August of 1990 when the corporation transferred to private ownership. Now that ownership has reverted to a public offering, the PHLX said it is pleased to once again have the opportunity to list these options.
 Additional information regarding GIC Options will be forthcoming, including start date, available strike prices and expirations, and guarantees for customer orders.
 PHLX is the nation's oldest securities exchange and is a market leader in the trading of stocks and options. Founded in 1790, PHLX originated trading foreign currency options and today is the largest exchange-traded market for these options.
 /delval/
 -0- 8/24/92
 /CONTACT: Lynda O. Lucker of the PHLX, 215-496-5200/
 (CMH) CO: Philadelphia Stock Exchange; General Instrument Corporation ST: Pennsylvania IN: SU:


MJ-JS -- PH012 -- 2607 08/24/92 13:08 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
Words:228
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