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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Captain Jack who wrote (9458)	1/26/1998 1:07:00 PM
From: E	of 31646

Associated Press,January 26, excerpts: North Carolina state officials are considering suing the computer industry to recoup the costs of making sure that government computers work in 2000, Attorney General Mike Easley said... Officials estimate the cost of avoiding those problems for state computers at $132 million. North Carolina officials say that some of the issues in any lawsuit against computer-makers could be similar to those raised in suits against the tobacco industry... The issue now is whether computer companies sold massive, multimillion-dollar systems that they knew were destined to fail. [Though "certifying a class of defendants is hard to do."] "The question...is who knew what when," Easley said... It's unclear whether states would band together in a class-action lawsuit, as many states have done against tobacco companies... Some officials predict that chaos will reign if the computer problem isn't solved. Among the possible results: >Banks... >Payroll and retirement systems... >Food stamps... >Prisoners could be released... >Mechanical systems that rely on computer chips -- including traffic signals, thermostats in heating systems and elevators that have internal clocks to keep track of their maintenance schedules -- could shut down.

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