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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Nanda who wrote (11059)4/17/1998 11:57:00 PM
From: ThirdEye  Read Replies (2) of 13949
 
Story today in the business section of SF Chronicle(too lazy to find link right now)about CA legislature considering a bill to exempt businesses from Y2K liability. As much as we all might regard the pending liability sweepstakes as a catastrophically expensive sideshow to the pending Y2K disasters, causing businesses to avoid admitting they even have a problem, the possibility that businesses might become exempt from litigation is even worse. There will be no further incentive to find and fix in time, (except the motivation to profit)knowing that they cannot be sued no matter what happens. If CA passes this law, most of the biggest high tech firms will be breathing a HUGE sigh of relief.

Passage is certainly not a slam dunk, but it pits attorneys(who do not really produce anything) against businesses (which do). Where would your sentiments lie? Tough call.
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