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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: TEDennis who wrote (7921)11/18/1997 1:42:00 AM
From: Patrese  Read Replies (2) of 13949
 
Greetings all,
A little tidbit of info for you all to peruse. According to the Kiplinger Washington Letter, the IRS is going to allow companies a choice of either expensing their Y2k costs like they would do with research & development costs, OR they can choose to amortize them over a period of up to 5 years. My interpretation is that would be bullish for the Y2k remediation sector. Would appreciate any feedback on whether this has been mentioned in other sources and its impact on the sector.

Sorry about the long post.

Best Wishes,
Patrese

P.S. Will the Mad One ever be back? I owe him big time for all his help.
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