Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (4348)	3/7/1998 9:21:00 AM
From: Pancho Villa	Read Replies (2) of 18691

More on y2k. Mention of you won't belive it! ZMAX. I am glad I covered. This goes to prove journalists not always know whom they are talking to. interactive.wsj.com Monday, March 9, 1998 Industry Bigwigs Ask Lawmakers for a Year 2000 Liability Cap, but They Get a Chilly Reception -- for Now By Jim McTague Corporations with big exposure to the so-called Millennium Bug are asking Congress for protection from lawsuits, and why not? Lawmakers are in high dudgeon over ambulance-chasing lawyers. ..... As for the private sector, one is forced to rely largely on anecdotal information. Michael Higgins, president and chief executive officer of Zmax Corp., a Year 2000 solutions company located in Germantown, Maryland -- about 45 minutes from the White House -- says the deep-pocketed financial industry is farthest out in front of the problem by a wide measure because it has been pushed by both its regulators and its trade associations. "Then you have manufacturing doing pretty good, doing a lot of replacement instead of fixing," says Higgins, a West Point grad who founded his company in 1996. He says utilities and state governments also are aggressively attacking the problem. ...... Pancho

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