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Technology Stocks : Discuss Year 2000 Issues
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To: C.K. Houston who wrote (1514)5/1/1998 3:29:00 PM
From: Stewart V. Nelson  Read Replies (1) of 9818
 
CK
<<<Please give me a specific example where companies have surveyed important vendors and customers and the early reports are encouraging.>>>

Didn't have much time to look but a quick scan found these:

Form 10-K for ARTS WAY MANUFACTURING CO INC filed on Feb 27 1998
For the Six-Month Period Ended November 30, 1997

Year 2000 Issues Many computer systems and software programs, including several used by the Company require modification and conversion to allow data code fields to accept dates beginning with the year 2000. Major system failures or erroneous calculations can result if computer systems are not year 2000 compliant. The Company is currently assessing its year 2000 issues, and is being advised by a substantial majority of its vendors and suppliers that certain of their products are year 2000 compliant or can be upgraded or will not be affected by the year 2000 problem. The Company's business could be materially adversely affected if the Company's computer-based systems are not year 2000 compliant in a timely manner, the Company incurs significant additional expenses pursuing year 2000 compliant products, the Company's vendors do not provide in a timely manner year 2000 compliant products, or the Company is subject to warranty or other claims by the Company's clients related to product failures caused by the year 2000 problem.

CENTURY FINANCIAL CORP 3/2/98 12/31/97 33.3 07 Financial 0727 Regional bank
Century's primary business activities are heavily dependent upon the use of sophisticated computer systems. As the millennium ("year 2000" or "Y2K") approaches, many computer systems worldwide do not have the capability of recognizing the year 2000 or years thereafter. To date, Century has received confirmations from its primary vendors that plans have been developed by them to address and correct the issues associated with the year 2000 problem

Century has established a management committee to identify all of its functions potentially affected by the year 2000, and to ensure that re- programming of the affected systems will be completed by December 31, 1998, thus allowing adequate time for testing. Century does not anticipate that the year 2000 issue will pose any significant operational problems or will have any material impact on its results of operations.

Not exactly S&P 500 companies but if I had time I know I could find some more.

regards
Stewart Nelson
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