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Technology Stocks : Discuss Year 2000 Issues
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To: John Mansfield who wrote (2306)7/29/1998 3:56:00 AM
From: John Mansfield  Read Replies (2) of 9818
 
'Furthermore, many analysts suspect that a publicly traded company could try to hide problems to avoid a
slide in its stock even if protected from lawsuits. "That [market motive] may be another impediment to keep
a publicly traded company from fully disclosing their readiness," said Don Gilbert, senior vice president for
information technology at the National Retail Federation in Washington.

SEC officials are finalizing a plan to increase disclosures about the material impact of year 2000, which
follows SEC Commissioner Laura Unger's congressional testimony in June that the reports don't provide
investors the information they needed. That report is due early next month but already may be too late to
make much of a difference, said U.S. Rep. John Dingell (D-Mich.).

Analysts are eager to see what the SEC requires companies to disclose and what the penalty will be if they
don't.
...
computerworld.com
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