Y2K (Year 2000) Stocks: An Investment Discussion Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tech who wrote (7720)	11/11/1997 11:24:00 AM
From: tech	Read Replies (3) of 13949

Senator Bennett Proposes Legislation: Disclosure of Y2K Costs Link: desnews.com Comment: Banking Committee Senator Robert Bennett (R-Utah) will introduce legislation requiring all publicly traded companies to tell investors about y2k-related expenses. This would supplement recent moves by the Securities & Exchange Commission to force publicly held companies to do this. Bennett, unlike the SEC, wants potential law suit losses included. * * * * * * * Bennett said he also wants businesses to disclose potential lawsuit liability they face from the problem, insurance coverage they have to help cover it and backup contingency plans they have in case of computer systems failures. . . . He said that's necessary because experts say that if businesses don't have a plan to fix their computers in place by next September, it will already be too late because of the time needed for the testing of fixes in systems.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next