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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: count gold who wrote (5677)11/9/1997 1:37:00 PM
From: C.K. Houston  Read Replies (5) of 31646
 
Count Gold,

<I was out shopping for a new car and got home late today.>

There are 10-20+ embedded chips in automobiles. The Big 3 automakers are coming down hard on vendors throughout their supply chain to ensure, by next year that they are Year 2000 compliant.

They have no choice. SEC will be cracking down on publicly-traded companies that are not compliant sometime next year (this incudes their vendors). Some banks are starting to make Y2K compliance a condition for loans and financing.

We'll be seeing business failures with the smaller companies that are far down the supply chain. If they are not compliant, the large companies will refuse to do business with them, and consider them in "breach of contract".

Ask if the dealer or manufacturer can guarantee that the car is Y2K compliant. Do they know for a fact that the embedded chips are AOK? Kind of a "Year 2000 Warranty". Get it in writing.

Maybe all chips are OK. Maybe some aren't, but doesn't affect anything critical. Maybe some do. The problem is ... no one knows for sure.

A car is a pretty big financial investment. You don't want surprises down the road, if they can be avoided.

I happen to have the 53 page GM Testing Document for Vendor Year 2000 Testing & Compliance. They're taking this very seriously.

Eventually we'll start seeing the term "Year 2000 Compliant" incorporated into advertising for almost every product containing embedded chips. But, it ain't happening yet. Buyer Beware.

Good luck,

Cheryl
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