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Technology Stocks : Discuss Year 2000 Issues
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To: John Mansfield who wrote (1781)5/12/1998 5:28:00 PM
From: John Mansfield  Read Replies (1) of 9818
 
[FORTUNE] On bank mergers

'
....
The year 2000 bug adds another element of risk. Banking regulators
are now saying that companies should be largely Y2K compliant by
the end of this year. That's a tough deadline if you're fixing just one
computer system; if you're trying to integrate two separate systems,
one of which you just acquired, it may be impossible. "There's an
unwritten deadline for mergers, and it's sometime this summer," says
Salzmann. That may lead to a rush to the altar in the next few months,
but after that the music could stop. At that point you don't want to be
stuck holding shares of a bank whose inflated P/E depends on
(suddenly less probable) merger hopes.

pathfinder.com
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