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Technology Stocks : Discuss Year 2000 Issues

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To: sibe who wrote (918)	1/18/1998 5:14:00 PM
From: sibe	Read Replies (1) of 9818

More on Money magazine (Feb 98) Y2k article: "Edward Yardeni predicts that as Y2K-related earnings uncertainties and possibilities of a recession become more widely recognized, stocks will begin a slide of 20%, perhaps as early as this year--and that the Fed will respond by lowering interest rates to 3% by 2000, making annual returns of 20% or more likely in the bond market over the next two years." "The Standish Group International estimates that U.S. companies will spend a total of $440 billion on Y2k problems." In the April 97 issue of Money magazine, investment adviser Junius Ellis says to sell Y2k stocks for the following reasons: "My computer-hip sources contend that it's (the Y2k problem) is overblown. They say many bank and insurance computers that must deal with post-2000 dates have fixed the problem. For those that didn't, it's probably more cost-effective to upgrade to an open operating system...than to repair Cobol." What a difference 10 months makes. I wonder what Money magazine will be reporting 10 months from now.

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