CBOE Names LETCO as DPM For Options on Dell Computer Corp. (DELL)

The Chicago Board Options Exchange announced that LETCO, LP has been named as the Designated Primary Market Maker (DPM) for options on Dell Computer Corporation (NASDAQ ticker symbol DELL and CBOE symbol DLQ). The CBOE announced earlier today that it will list options on the stock of Dell beginning on Monday, August 23, 1999. "CBOE is proud to add DELL to its list of more than 1200 stock options. CBOE intends to employ its state-of the-art electronic trading technology to support this new listing. CBOE has a wealth of resources which it will devote to growing the volume in DELL options," said CBOE chairman and chief executive officer William J. Brodsky. "We have assigned one of our top DPM teams to this class and they have the full support of the CBOE behind them." LETCO has a successful track record of growing option business and providing top-notch customer service. With the addition of options on DELL, LETCO will be the DPM in 25 different stock option classes, including Oracle (ORCL), Cisco (CSCO), Telefonos de Mexico (TMX) and eBAY, Inc. (EBAY), which they have grown to be volume leaders at the CBOE. The listing of options on Dell is another step in CBOE's strategic plan to maintain the exchange's competitive edge in a rapidly changing business environment and will take advantage of CBOE's high-tech trading facility. CBOE, the world's largest options marketplace and the creator of listed options, is regulated by the Securities and Exchange Commission (SEC). For additional information about the CBOE and its products, access the CBOE site on the World Wide Web at http://www.cboe.com.