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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Steve Sanchez who wrote (12370)	3/8/1998 11:05:00 AM
From: E	Read Replies (2) of 31646

Very Off Topic: A personal note: I got a couple of emails about the crack I made calling people who try to get anybody who disagrees with them kicked off SI "unamerican." But: it was not flag-waving, it was half satirical humor (a failure, obviously) and half a plain dig at those who look for some minor lapse in stellar manners as an excuse to get their "enemies" suspended--- It was just a first amendment reference. And it had more to do with experiences on a different thread than on this one. Sorry, all, for the digression. JM) Off Topic of TAVA specifically, but on topic of y2k. (I've been away and am not quite caught up, so I hope this hasn't been posted before.) Excerpts from March 9 Barron's article by Jim McTague: "Corporations with Big Exposure to [y2k] are asking Congress for protection from lawsuits. Aides for two Senators ...[Moynihan and Horn] ...tell Barron's that their bosses have been asked by several corporations to introduce legislation capping financial damages in an expected tidal wave of Year 2000 litigation.Both lawmakers declined to comment. But the aides said it's quite possible that Congress will entertain such a bill as the day of reckoning draws near. The Year 2000 problem could turn out to be a public-relations meltdown for .Al Gore. Computer glitches could tick off taxpayers just in time for the general election... ...it's increasingly clear that a large number of federal computer systems won't be prepared for the date change. According to Senator Horn, 40% of the Treasury's 370 computer systems will be uncorrected by the year 2001. The Department of Defense.will still have 60% uncorrected as far out as 2009, based on the current rate of progress. ...the government has budgeted just $3.9 billion for a problem private analysts say will cost at least 10 times that number to fix. And the money must come from each department's existing appropriation ...Higgins [CEO of Zmax Corp., a y2k company near Washington] believes it may take the bureaucracies six months just to reallocate funds."

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