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Technology Stocks : Discuss Year 2000 Issues

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To: Silk Stockings who wrote (621)12/3/1997 12:22:00 PM
From: M. Frank Greiffenstein  Read Replies (1) of 9818
 
What Jurors think of Y2k...

In a quirky but nonetheless large scale study, a group of 1000 potential jurors were asked opinions on a wide range of legal topics which included their views of the y2k issue. Here is the key excerpt:

*** Major Findings
It is interesting to note that more than half of the respondents had heard
of the Year 2000 problem, which is the conjecture that computer software will
miscalculate dates at the millennium, wreaking havoc on the data maintained.
Of those who were aware of the issue, seven out of 10 respondents thought this
issue was serious. Half expect to be personally affected by it while eighty-
six percent believe that banks and insurance companies have an obligation to
their customers to fix the problem. Lawsuits have already been filed.

"Banks and insurance companies can't count on jurors' sympathies," says
David S. Davis, Ph.D., survey director and senior vice president of
DecisionQuest. "The survey shows these institutions are perceived as very
powerful and profitable; that jurors are likely to believe they put greed
ahead of customer's interests if they have not spent the necessary time and
money to solve their expected Year 2000 problem." ***
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