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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (4857)	8/29/1998 11:18:00 PM
From: Bob Rudd	of 78676

Jim: Good post on Y2k. To illustrate the slipperiness of the problem, even Microsoft had to post some fixes to recent software after assuring customers they were in the no problem zone. Lot's of these companies are looking not only at legacy software, but at chips with 2 digit code hardwired in. Beyond remediation costs, companies are going to face some hairy litigation over the problems that slip by. If remediation costs are difficult to get a handle on, litigation could go way beyond that. Some companies have sought legislative protection and there probably are some insurance products, but it's still a crap shoot. Regards, Bob

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