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Technology Stocks : How high will Microsoft fly?
MSFT 489.93+0.6%1:35 PM EST

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To: gial who wrote (7559)5/19/1998 5:32:00 PM
From: Maverick   of 74651
 
MICROSOFT CORP expects to be sued over problems related to the
inability of some of its software properly to handle dates in the
year 2000 and beyond, the company said late Friday. While
Microsoft has not yet been sued over Year 2000 issues, various
definitions of Year 2000 compliance make lawsuits "likely," the
company said in its regular quarterly filing with the SEC. "The
outcomes of such lawsuits and the impact on the company are not
estimable at this time," Microsoft said. The company also warned
that Year 2000 issues could siphon off customer funds that
otherwise would be spent on upgrading computers and software.
(Reuters 08:48 PM ET 05/15/98) For the full text story, see
infobeat.com
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