Y2K (Year 2000) Stocks: An Investment Discussion Message Board

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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion

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To: bob who wrote (11542)	5/13/1998 6:47:00 PM
From: campe	Read Replies (1) of 13949

Anyone following USTI? a Y2K stock for under a dime... From SEC filings... USTI, founded in 1978, has been in the business of providing data processing systems and services to local governments and other public sector organizations for over 18 years. The company employs personnel with direct first-line experience in many of the areas in which it offers software products, including municipal finance directors, CPAs, administrators, police officers, and programmers. Combining this background with our experience in over 1400 successful installations, USTI is well positioned to provide local governments with the comprehensive systems they need to manage operations in the do-more-with-less '90s. Year 2000 Until just a few years ago, most computer programs were written to define an applicable year by using two digits for the year instead of four. The effect on a computer program that was written in such a way is to define a year that is entered with the two digits "00" as 1900 rather than 2000. When the Year 2000 arrives, any computer programs that are written in this manner will either have to be modified to accept a date in the 21st century or the programs will have to be replaced. This issue not only affects the Company's internal automated information systems but also has an effect on the software products the Company develops, supports and markets to its customers. The Company has evaluated the computer programs that it utilizes internally for its information systems and has determined that substantially all of its systems are currently Year 2000 compliant. The Company's asystTM product line is Year 2000 compliant. The Company's customers that are utilizing its LegacyTM and QuestTM product lines are being offered a Year 2000 compliant version of certain packages within these product lines or are being encouraged to migrate to the Company's products that are Year 2000 compliant. Based on currently available information, the Company does not anticipate that the costs to address the issues related to the Year 2000 will have a material adverse impact on the Company's financial condition, results of operations or liquidity.

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