PowerShares Lists Three New ETFs on NYSE Arca

NYSE Euronext (NYSE Euronext: NYX) today announced that three new PowerShares Exchange Traded Fund (ETF) listed and began trading on NYSE Arca.

PowerShares DWA Developed Markets Technical Leaders Portfolio ETF (NYSE Arca: PIZ)-
This ETF tracks the performance of the Dorsey Wright & Associates Developed Markets Technical Leaders™ Index.

PowerShares DWA Emerging Markets Technical Leaders Portfolio ETF (NYSE Arca: PIE)-
This ETF tracks the performance of the Dorsey Wright & Associates Emerging Market Technical Leaders™ Index.

PowerShares FTSE RAFI International Real Estate Portfolio ETF (NYSE Arca: PRY) -
This ETF tracks the performance of theFTSE RAFI Real Estate Global ex US Index.

Including today’s listings, NYSE Group markets have 238 primary ETF listings and trade all other eligible ETFs on a UTP basis. Through the first three quarters of 2007, NYSE Group handled 41% of all ETF shares traded in the U.S. market. As the largest public liquidity pool for ETF trading, NYSE Group is committed to offering investors the most innovative new investment options with superior pricing and market quality

Claymore/AlphaShares China Real Estate ETF Lists on NYSE Arca

NYSE Euronext (NYSE Euronext: NYX) today announced that the Claymore/AlphaShares China Real Estate ETF listed and began trading on NYSE Arca under the ticker symbol “TAO”. As the first of its kind to market in the U.S. , Claymore created “TAO” to track the performance of the AlphaShares China Real Estate Index. The index is designed to measure and monitor the performance of the investable universe of publicly-traded companies and real estate investment trusts deriving a majority of their revenues from the development, management and/or ownership of property in China or the Special Administrative Regions of China, such as Hong Kong and Macau.

Dr. Burton G. Malkiel, AlphaShares, Inc. CIO, notes that China’s economy has accelerated over the past 25 years and as the economy has expanded, demand for real estate has grown as well. The momentum of China ’s real estate expansion has been fueled by a growing population and rapid urbanization. As more Chinese residents move from rural areas to the cities to seek greater economic opportunity, the demand for housing and office space is expected to increase dramatically, expanding the real estate marketplace for investors.[1]

"We welcome the Claymore/AlphaShares China Real Estate ETF as the 231ST ETF to make its primary listing on NYSE Group,” said NYSE Group Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. “Covering the many areas and aspects of the Chinese real estate marketplace, “TAO” offers customers unique access to Chinese real estate investments.”

Including today’s listings, NYSE Group markets have 231 primary ETF listings and trade all other eligible ETFs on a UTP basis. Through the first three quarters of 2007, NYSE Group handled 41% of all ETF shares traded in the U.S. market. As the largest public liquidity pool for ETF trading, NYSE Group is committed to offering investors the most innovative new investment options with superior pricing and market quality.



About Claymore Securities
Claymore Securities, Inc. is a privately-held financial services company offering unique investment solutions for financial advisors and their valued clients. Claymore entities have provided supervision, management, servicing or distribution on approximately $18.3 billion in assets as of November 30, 2007. Claymore currently offers exchange-traded funds, unit investment trusts and closed-end funds. Claymore Advisors, LLC, an affiliate of Claymore Securities, serves as investment adviser to the Fund.

About AlphaShares
AlphaShares, Inc. is an investment management firm dedicated to providing investors with strategies and products that allow them to participate in China ’s economic boom. The Chief Investment Officer of AlphaShares is world renowned Princeton University economist and author, Dr. Burton G. Malkiel.

About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets. NYSE Euronext is part of the S&P 500 and S&P 100 indexes.

EMCORE to Acquire Telecom Assets of Intel's Optical Platform Division

EMCORE Corporation and Intel Corporation today announced a definitive agreement for EMCORE to acquire the telecom-related portion of Intel’s Optical Platform Division for $85 million. The telecom assets to be acquired include intellectual property, assets and technology relating to tunable lasers, tunable transponders, 300-pin transponders and integrable tunable laser assemblies. The transaction is subject to regulatory review and certain other closing conditions, and is expected to close in the first quarter of 2008.

The acquisition will enhance EMCORE’s presence in the telecommunications market segment and expand its fiber optics product portfolio, allowing EMCORE to provide telecom customers with a more complete product offering.

"This transaction represents an important step for EMCORE," said Reuben Richards, CEO, EMCORE. "We are excited about this acquisition and the opportunity to continue building upon Intel’s leading tunable laser technology, strong product quality and history of customer service and satisfaction. The acquired assets should drive substantial product cost reduction, and the combined product portfolio should enable EMCORE to gain a greater share of customer spending. EMCORE estimates these assets will generate $65 million of revenue in 2008, and believes this acquisition will accelerate its path to earnings per share profitability as expected in mid-2008."

"The optical telecom components business continues to be an attractive market opportunity, but we believe this business and its assets are an optimal fit with EMCORE," said Doug Davis, vice president, Intel Digital Enterprise Group, and general manager, Embedded and Communications Group. "The two companies will work together following the close of the transaction to complete a smooth transition of the business."

The sale of these telecom-related assets enables Intel to focus its investments on core communications and embedded market segments in line with its platform strategies. In addition to this announced transaction, Intel is currently exploring strategic alternatives regarding the enterprise-focused portion of its Optical Platform Division.

About Intel
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom.

About EMCORE

EMCORE is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE has two operating segments: Fiber Optics and Photovoltaics. EMCORE’s Fiber Optics segment offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. EMCORE’s Photovoltaics segment provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells (CICs) and fully integrated solar panels. For terrestrial applications, EMCORE offers its high-efficiency GaAs solar cells for use in solar power concentrator systems. For specific information about EMCORE, its products or the markets it serves, please visit www.emcore.com.

NASDAQ Announces the Annual Re-Ranking of the NASDAQ-100 Index

The Nasdaq Stock Market, Inc. (NASDAQ(r)) (Nasdaq:NDAQ) announced today the annual re-ranking of the NASDAQ-100 Index(r), effective with the market open on Monday, December 24, 2007.

"The NASDAQ-100 Index is a diverse, world-renowned benchmark comprised of many of the world's largest growth companies," stated NASDAQ Executive Vice President John L. Jacobs. "It is the basis of more than 580 products in 37 countries. Although the components of the NASDAQ-100 Index are determined by an open, objective, and rules-based process -- they are ultimately chosen by investors."

The following five issues will be added to the NASDAQ-100 Index: Hologic, Inc. (Nasdaq:HOLX), Focus Media Holding Limited (Nasdaq:FMCN), Hansen Natural Corporation (Nasdaq:HANS), Steel Dynamics, Inc. (Nasdaq:STLD), Stericycle, Inc. (Nasdaq:SRCL).

The NASDAQ-100 Index is composed of the 100 largest non-financial stocks on The NASDAQ Stock Market(r) and dates to January 1985 when it was launched along with the NASDAQ Financial-100 Index(r), which is comprised of the 100 largest financial stocks on NASDAQ(r). These indexes were originally designed to segment NASDAQ into two major industry groups to support media coverage and to act as benchmarks for financial products such as options, futures, and funds. The NASDAQ-100 is re-ranked each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.

On a cumulative price return basis, the NASDAQ-100 Index has risen over 1571% since inception, and it has outperformed several major domestic and international stock indexes for the ten-year period ended November 30, 2007, although past performance is not indicative of future performance. For the most recent one, five, and ten-year periods ended November 30, 2007, the cumulative return of the NASDAQ-100 Index was 16.63%, 87.18%, and 98.87%, respectively.

The NASDAQ-100 Index is the basis of the PowerShares QQQ Trust (Nasdaq:QQQQ), which aims to provide investment results that, before expenses, correspond with the NASDAQ-100 Index performance. In addition, options, futures and structured products based on the NASDAQ-100 Index and the PowerShares QQQ Trust trade on various exchanges.

As a result of the re-ranking of the NASDAQ-100 Index, the following five companies will be removed: LM Ericsson Telephone Company (Nasdaq:ERIC), Patterson-UTI Energy, Inc. (Nasdaq:PTEN), Ross Stores, Inc. (Nasdaq:ROST), Sepracor Inc. (Nasdaq:SEPR), XM Satellite Radio Holdings Inc. (Nasdaq:XMSR).

NASDAQ is the largest U.S. equities exchange. With approximately 3,100 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks as well as a leading liquidity pool for trading NYSE-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.


Current list:

Company Name Symbol
Activision, Inc. ATVI
Adobe Systems Incorporated ADBE
Akamai Technologies, Inc. AKAM
Altera Corporation ALTR
Amazon.com, Inc. AMZN
Amgen Inc. AMGN
Amylin Pharmaceuticals, Inc. AMLN
Apollo Group, Inc. APOL
Apple Inc. AAPL
Applied Materials, Inc. AMAT
Autodesk, Inc. ADSK
Baidu.com, Inc. BIDU
BEA Systems, Inc. BEAS
Bed Bath & Beyond Inc. BBBY
Biogen Idec Inc BIIB
Broadcom Corporation BRCM
C.H. Robinson Worldwide, Inc. CHRW
Cadence Design Systems, Inc. CDNS
Celgene Corporation CELG
Cephalon, Inc. CEPH
Check Point Software Technologies Ltd. CHKP
Cintas Corporation CTAS
Cisco Systems, Inc. CSCO
Citrix Systems, Inc. CTXS
Cognizant Technology Solutions Corporation CTSH
Comcast Corporation CMCSA
Costco Wholesale Corporation COST
Dell Inc. DELL
DENTSPLY International Inc. XRAY
Discovery Holding Co DISCA
eBay Inc. EBAY
EchoStar Communications Corporation DISH
Electronic Arts Inc. ERTS
Expedia, Inc. EXPE
Expeditors International of Washington, Inc. EXPD
Express Scripts, Inc. ESRX
Fastenal Company FAST
Fiserv, Inc. FISV
Flextronics International Ltd. FLEX
Foster Wheeler Ltd. FWLT
Garmin Ltd. GRMN
Genzyme Corporation GENZ
Gilead Sciences, Inc. GILD
Google Inc. GOOG
Henry Schein, Inc. HSIC
IAC/InterActiveCorp IACI
Infosys Technologies Limited INFY
Intel Corporation INTC
Intuit Inc. INTU
Intuitive Surgical, Inc. ISRG
Joy Global Inc. JOYG
Juniper Networks, Inc. JNPR
KLA-Tencor Corporation KLAC
Lam Research Corporation LRCX
Lamar Advertising Company LAMR
Leap Wireless International, Inc. LEAP
Level 3 Communications, Inc. LVLT
Liberty Global, Inc. LBTYA
Liberty Media Corporation LINTA
Linear Technology Corporation LLTC
LM Ericsson Telephone Company ERIC
Logitech International S.A. LOGI
Marvell Technology Group, Ltd. MRVL
Microchip Technology Incorporated MCHP
Microsoft Corporation MSFT
Millicom International Cellular S.A. MICC
Monster Worldwide, Inc. MNST
Network Appliance, Inc. NTAP
NII Holdings, Inc. NIHD
NVIDIA Corporation NVDA
Oracle Corporation ORCL
PACCAR Inc. PCAR
Patterson Companies Inc. PDCO
Patterson-UTI Energy, Inc. PTEN
Paychex, Inc. PAYX
PETsMART, Inc. PETM
QUALCOMM Incorporated QCOM
Research in Motion Limited RIMM
Ross Stores, Inc. ROST
Ryanair Holdings plc RYAAY
SanDisk Corporation SNDK
Sears Holdings Corporation SHLD
Sepracor Inc. SEPR
Sigma-Aldrich Corporation SIAL
Sirius Satellite Radio Inc. SIRI
Staples, Inc. SPLS
Starbucks Corporation SBUX
Sun Microsystems, Inc. JAVA
Symantec Corporation SYMC
Tellabs, Inc. TLAB
Teva Pharmaceutical Industries Limited TEVA
UAL Corporation UAUA
VeriSign, Inc. VRSN
Vertex Pharmaceuticals Incorporated VRTX
Virgin Media Inc. VMED
Whole Foods Market, Inc. WFMI
Wynn Resorts, Limited WYNN
Xilinx, Inc. XLNX
XM Satellite Radio Holdings Inc. XMSR
Yahoo! Inc. YHOO

iShares Lists Three ETFs on NYSE Arca

NYSE Euronext (NYSE Euronext: NYX) today announced that three iShares exchange traded funds (ETFs) listed and began trading on NYSE Arca. These three new funds include various characteristics which offer investors unique exposure to the developing global market place; including Japan, Germany, Greece, Hong Kong, Singapore, and Spain.

“We are pleased to continue our strong relationship with Barclays by listing these new products, joining the 133 iShares already listed with NYSE Group,” said NYSE Group Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. "Today's new listings provide investors with an opportunity to participate in global growth prospects and access innovation in developing marketplaces."

iShares MSCI EAFE Small Cap Index Fund (symbol: SCZ)
- Tracks the performance of 40% of the eligible small cap universe in each industry group of the iShares MSCI EAFE Small Cap Index. As of June, 2007, the MSCI EAFE Index consisted of the following 21 developed market country indexes: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.

iShares S&P Global Infrastructure Index Fund (symbol: IGF)
- Tracks the performance of the iShares S&P Global Infrastructure Index which measures stocks of large infrastructure companies around the world; including companies involved in utilities, energy and transportation infrastructure, management or ownership of oil and gas storage and transportation; airport services; highways and rail tracks; marine ports and services; and electric, gas and water utilities.

iShares MSCI Kokusai Index Fund (symbol: TOK)
Tracks the performance of the iShares MSCI Kokusai Index which is designed to measure equity market performance in those countries that MSCI has classified as having developed economies, excluding Japan ("DEEJ"). As of June 2006, the MSCI Kokusai Index consisted of the following 22 country indexes: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States.

Including today’s listings, NYSE Group markets have 230 primary ETF listings and trade all other eligible ETFs on a UTP basis. Through the first three quarters of 2007, NYSE Group handled 41% of all ETF shares traded in the U.S. market. As the largest public liquidity pool for ETF trading, NYSE Group is committed to offering investors the most innovative new investment options with superior pricing and market quality.

SEC Halts Fraudulent Global Pyramid Scheme Preying on Hispanic Community

The Securities and Exchange Commission has won an asset freeze and other emergency relief to halt a massive pyramid scheme with as many as 70,000 victims in 64 countries. The scheme involving the purported sale of English and Spanish language tutorials particularly preyed on Hispanic communities in Orlando, Fla., and Puerto Rico.

The case was unsealed yesterday by the court, which issued the emergency order and asset freeze on Dec. 6, 2007. The SEC charged Robert Lane, Wealth Pools International, Inc., and Recruit For Wealth, Inc. with the fraudulent offer and sale of unregistered securities in the form of "Associate" memberships in an enterprise called Wealth Pools. The fraudulent offering began in 2005 and the defendants claim to have raised more than $132 million in 2007 alone, according to the SEC's complaint.

Linda Chatman Thomsen, Director of the SEC's Division of Enforcement, said, "This action reaffirms the Commission's commitment to protecting investors from fraudulent securities offerings, and particularly affinity frauds that seek to exploit an ethnic group."

David Nelson, Director of the SEC's Miami Regional Office, added, "This scheme was targeted at Hispanic communities both in the United States and overseas. Our action is designed to preserve and recover as many assets as possible for the benefit of harmed investors."

Wealth Pools purports to be a multi-level marketing company primarily selling an English and Spanish language tutorial DVD called Talk-N-Tutor through a network of sales Associates around the world, the SEC alleges in its complaint. The DVD is, in reality, a front for Wealth Pools's true product - an investment in one or more "pools" that offer investors an opportunity to receive passive income through the efforts of others to recruit new investors, according to the complaint.

The SEC alleges that investors do not profit from the sale of DVDs to consumers, but from the recruitment of new investors termed "Associates."

The SEC's complaint further charges the defendants with luring investors through "Opportunity Meetings" held in Puerto Rico, at the Wealth Pools Orlando headquarters, and live on the Internet. The defendants enticed investors to purchase thousands of DVDs by falsely promising them that they would earn income for life with no further effort, according to the SEC's complaint. The SEC also charged the defendants with failing to disclose, among other things, that Wealth Pools is a pyramid scheme utterly dependent on an ever increasing number of new investors to pay existing ones, and is destined to collapse, leaving investors with substantial losses. Furthermore, the SEC alleges that the defendants do not disclose the dilutive effect of new investors on all investors' returns, which renders baseless the defendants representations that 97 percent of Associates make money and receive a lifetime of passive income. Finally, the complaint alleges that the defendants do not disclose that Lane was president of another company that used similar methods that failed, resulting in it declaring bankruptcy and being enjoined by the State of Florida.

The SEC filed its action in the U.S. District Court for the Middle District of Florida on Dec. 5, 2007, seeking a temporary restraining order, preliminary and permanent injunctions, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties. The complaint alleges that the defendants violated the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and the securities registration provisions of Sections 5(a) and 5(c) of the Securities Act of 1933. The SEC also named as relief defendants members of Robert Lane's family and other related entities who received investor proceeds raised in the fraudulent and unregistered offering.

On Dec. 6, 2007, the Honorable John Antoon II, U.S. District Judge, entered, ex parte, an emergency order temporarily restraining the defendants and freezing the assets of Wealth Pools International, Inc., Recruit For Wealth, Inc., Robert Lane, and relief defendants Julia Lane, Richard Lane, Renee Becker, T-N-T Education, Inc., Mundo Trade, Inc., and First Fiduciary Business Trust. The order also provides for expedited discovery, a sworn accounting and the preservation of records. The Court also appointed Denise Dell-Powell, an attorney in the law firm of Akerman Senterfitt of Orlando, as a receiver over Wealth Pools International, Inc. and Recruit For Wealth, Inc. Among other things, the receiver is responsible for marshaling and safeguarding assets held by these entities. A show cause hearing has been set for Dec. 13, 2007, in Orlando to determine whether the emergency asset freeze and other relief should remain in effect.

Investors are encouraged to read the SEC's "Affinity Fraud" Investor Alert, which provides tips on how to avoid being a victim in an affinity fraud. This and other investor alerts can be found on the SEC's Web site, at www.sec.gov/investor/pubs.shtml.

SEC Charges San Diego's Independent Auditor for Fraud in Connection With City Municipal Securities Offerings

The Securities and Exchange Commission filed a settled civil fraud action yesterday against San Diego's independent auditor in connection with the city's false and misleading financial statements in five 2002 and 2003 bond offerings.

According to the Commission's complaint, the independent auditor issued unqualified audit reports on the bond offerings that raised $260 million from investors but contained materially false and misleading information about San Diego's pension and retiree health care obligations.

The Commission charges against certified public accountant Thomas J. Saiz and his firm, Calderon, Jaham & Osborn (CJO), allege that they failed to comply with generally accepted accounting standards, were not knowledgeable about San Diego, and failed to obtain sufficient competent evidential matter.

"Auditors play an important role in providing investors with material information in municipal securities offerings," said Linda Chatman Thomsen, Director of the SEC's Enforcement Division. "It is therefore critical that auditors of municipalities conduct their audits with a high degree of rigor, competence and independence, and that cities hire auditors who have the technical skills, experience and resources to conduct proper audits and not hire auditors based primarily on the lowest bid or other factors unrelated to the auditor's skills, resources and abilities."

Rosalind Tyson, Acting Regional Director of the SEC's Los Angeles Regional Office, added, "Saiz, like many independent auditors of municipalities, participated in drafting the footnote disclosures to the city's financial statements. Saiz failed to exercise proper professional care and skepticism to see that San Diego disclosed both the positive and negative information regarding its pension and retiree health care obligations."

According to the Commission's complaint, San Diego was the seventh largest city in the United States in 2001 and 2002, with revenues exceeding $1 billion per year and assets in excess of $10 billion. San Diego's pension plan had net assets of $2.5 billion and total additions to the plan of more than $85 million. CJO was the independent auditor for San Diego and its pension plan in 2001 and 2002, and Saiz was sole shareholder of CJO, which had approximately 30 employees.

The Commission's complaint alleges that Saiz and CJO drafted, subject to San Diego's review and approval, the disclosures in footnotes to the city's financial statements. The footnotes disclosed that San Diego was under-funding its annual pension contribution but also included positive statements about the city's method for funding its pension obligations. These statements included that the city's funding method contained a provision to ensure that the pension's funded level would not drop below a certain level to protect the pension plan's financial integrity; that the pension plan's actuary believed that the city's pension funding method was an excellent method for the city; and that the total amount that the city had under-funded its annual pension contribution, or net pension obligation, was funded in a reserve.

The SEC's complaint alleges that these statements were false and misleading because the city's net pension obligation was not funded in a reserve and, in 2002, the pension plan had fallen below a funded level that the actuary deemed appropriate and the actuary no longer supported the city's funding method. The complaint further alleges that Saiz and CJO knew or were reckless in not knowing that the disclosure was false and misleading as a result of information Saiz received from his audits of the city and its pension plan and his review of the city's bond offering documents.

CJO and Saiz also drafted footnotes that disclosed that the city provided health benefits to retirees at a cost of $7.2 million in 2001 and $8.9 million in 2002 and that the expenses for such benefits were recognized as they were paid. The complaint alleges that Saiz and CJO knew or were reckless in not knowing that this disclosure was misleading because it failed to disclose, as Saiz and CJO knew from auditing the city and its pension plan, that the retiree health care expense was being paid with earnings from the pension plan and that the city would soon have to begin paying this substantial expense out of its own budget.

According to the SEC's complaint, Saiz and CJO also audited San Diego's financial statements and issued reports falsely stating that the financial statements were fairly presented in conformity with generally accepted accounting principles (GAAP) and the audits were performed in accordance with generally accepted auditing standards (GAAS). Saiz and CJO also consented to San Diego's including CJO's audit report in its 2002 and 2003 municipal securities offerings. As alleged in the complaint, the false and misleading statements regarding the city's pension obligations were not presented in conformity with GAAP.

The Commission's complaint also alleges that at the time they consented to San Diego's including the audit report in the 2003 offering documents, Saiz and CJO also failed, as required by GAAS, to inquire into the recent substantial increase in the city's obligations to its pension to determine whether the financial statements or the audit report required revision.

Without admitting or denying the allegations in the complaint filed in federal district court in San Diego, Saiz and CJO have consented to the entry of final judgments permanently enjoining them from violating the antifraud provisions of the federal securities laws. Additionally, Saiz has agreed to pay a $15,000 civil penalty.

The Commission previously entered an order sanctioning the City of San Diego for committing securities fraud by failing to disclose to the investing public important information about its pension and retiree health care obligations in the sale of its municipal bonds in 2002 and 2003. To settle the action, the city agreed to cease and desist from future securities fraud violations and to retain an independent consultant for three years to foster compliance with its disclosure obligations under the federal securities laws.

The Commission's investigation is ongoing as to other individuals and entities that may have violated federal securities laws.

NYSE Office In Beijing, China, Officially Opens In Historic Ceremony

China ’s Vice Premier Madame Wu Yi, U.S. Treasury Secretary Henry M. Paulson, Jr., China Securities Regulatory Commission Vice Chairman Tu Guangshao, New York City Mayor Michael R. Bloomberg, U.S. Ambassador to China Clark Randt, and Beijing Vice Mayor Ji Lin today officially inaugurated the New York Stock Exchange’s Beijing office in an historic opening ceremony hosted by NYSE Euronext CEO Duncan L. Niederauer. Joining these officials during the opening ceremony in the Diaoyutai State Guesthouse were the CEOs of NYSE-listed Chinese companies and invited guests.

The NYSE, a subsidiary of NYSE Euronext (NYSE: NYX), on Sept. 4 became the first foreign exchange to obtain approval by the China Securities Regulatory Commission (CSRC) to open a representative office in Beijing .

“We are privileged to have an office in Beijing , which will serve to provide on-the-ground support for our listed companies and strengthen our presence in China ,” said Mr. Niederauer. “This is an historic day for China and the United States , and the opening of our Beijing office highlights the progress in the strategic economic dialogue between our two countries. As a global economic powerhouse, China will continue to develop its capital markets, and we will go forward as partners making this journey together.”

“The NYSE’s historic Beijing office opening is good for Beijing and New York City , as it will enhance the competitiveness of China , the U.S. and the global capital markets,” said Mr. Bloomberg. “Access to global markets helps the free flow of capital that fuels growth, creates jobs and opportunities, and facilitates strategic partnerships. The NYSE’s representative office in Beijing further strengthens the China-U.S. relationship.”

Coinciding with the office opening today, the NYSE launched a Chinese audience page on its website dedicated to online readers in Chinese, available by clicking on nyse.com/China.

The Chinese language audience page has sections for listed companies, with news releases, investor information, CEO profiles, broadcasts of NYSE events, as well as a listed company directory and information on the NYSE.

As part of today’s official office opening celebrations, Mr. Niederauer hosted a lunch and with senior officials, listed company CEOs and other invited guests.

View listed companies from Mainland China.
View listed companies from Hong Kong.
View listed companies from Taiwan.

NYSE Selects HP to Bring Speed to Online Stock Trading System

HP today announced that the New York Stock Exchange (NYSE) has selected HP servers to improve the efficiency of its online stock trading system, the NYSE Hybrid MarketSM.

In a business environment where milliseconds matter, the NYSE Hybrid Market is relying on rack-based HP ProLiant DL585 servers, ProLiant BL685c server blades and Integrity NonStop servers to grow its business by ensuring that its online trading transactions occur with the speed and accuracy customers expect.

“We’re proud that the largest stock exchange in the world chose HP to improve the performance of its IT architecture,” said Paul Miller, vice president, Enterprise Servers and Storage, HP. “HP technology is ideally suited to serve as the backbone for the NYSE Hybrid Market’s IT infrastructure, which routinely handles more than 500 million messages a day.”

HP server technologies are helping the NYSE Hybrid Market adhere to the Securities and Exchange Commission-governed Regulation National Markets System, which is a series of initiatives designed to modernize and strengthen the national market system for equity securities.

HP ProLiant servers deliver the processing power required to manage daily trading volumes that peak or spike at any given time without any execution delays. The servers have reduced the average trade-execution turnaround time from seconds to milliseconds. In addition, HP technology allows customers using the Hybrid Market to automatically trade up to 1 million shares in a single order – up from 1,099. That equals a potential 900-fold improvement in trade volume, which can help improve the NYSE’s bottom line.

“During the past several years, the requirements of investors and securities companies have significantly changed,” said Steve Rubinow, chief information officer, NYSE. “Although order commitment reliability is certainly paramount, users want a trading platform with flawless execution and transaction speed. HP is helping us deliver it all through these dependable server platforms.”

In addition to assisting with its core trading infrastructure, which has been driven by NonStop servers for nearly 30 years, HP has supplied the NYSE with HP StorageWorks XP12000 storage arrays to run the critical applications that keep the trading floor up and running. The arrays connect to the ProLiant DL585, BL685c and Integrity NonStop servers to ensure real-time data is always available.

HP also will use its expertise in Linux to help the NYSE deploy a more flexible and cost-effective operating system for application development, deployment and maintenance.

More information on HP ProLiant servers is available at www.hp.com/go/proliant, on HP BladeSystem at www.hp.com/go/bladesystem, and on HP Integrity NonStop at www.hp.com/go/nonstop.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $104.3 billion for the four fiscal quarters ended Oct. 31, 2007. More information about HP (NYSE: HPQ) is available at http://www.hp.com.