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Technology Stocks : Discuss Year 2000 Issues

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To: O. H. Rundell who wrote (3880)	2/15/1999 12:07:00 AM
From: jwk	of 9818

>>That kind of stuff should get the herd sniffing in the wind....<< O.H. -- yes, that and little things like this bit from the SEC I posted the other day. To: John Mansfield (3801 ) From: jwk Thursday, Feb 11 1999 12:29AM ET Reply # of 3881 Many Companies Lagging in Y2K Disclosure, SEC Accountant Says By Marcy Gordon AP (page 8c - Business Section of Today's Denver Post) Corporate America has fallen far behind in disclosing its readiness for the Year 2000 and how much the preparations an computer upgrades have been costing, the chief accountant of the Securities and Exchange Commission said Tuesday. A check of financial reports that publicly traded companies must submit to the SEC shows that "many companies are still not complying" with Year 2000 disclosure requirements, Lynn Turner said at a conference organized by the District of Columbia Bar association. He said more than half the companies in an unspecified sample failed to disclose how much it is costing them to get their computer systems ready for the millennial change, while close to half didn't describe their contingency plans in case the systems fail......snip...

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