Y2K damage reports Message Board

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Technology Stocks : Y2K damage reports

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To: Lee Lichterman III who wrote (194)	1/1/2000 5:14:00 PM
From: Greg from Edmonton	Read Replies (1) of 286

Y2K comments from major U.S. companies biz.yahoo.com In the report, I found only one comment interesting enough to note here: SECURITIES INDUSTRY ASSOCIATION - The U.S. securities industry said all major U.S. stock and bond exchanges and their clearing houses are fully operational and are ready for business on Monday although a few glitches appeared overnight. There were instances of trade reports showing 1900 instead of 2000 and a decimal point problem that changed net asset valuations, a spokeswoman for the Securities Industry Association told Reuters. The decimal problem caused $35 to show up as $3,500, for example. Those problems have been resolved, said Margaret Draper, the assistant vice president of corporate communications at SIA. She declined to say which institutions experienced the problems and said it was unclear if it was Y2K related.

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