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

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To: Hoatzin who wrote (12669)8/12/1998 10:49:00 AM
From: R. Bond  Read Replies (1) of 13949
 
U.K. 'Victim'

I searched Yahoo! U.K. for a symbol on this company but nothing came up. Assuming they are privately held. Therefore no guess on the size of the company re mid-cap, small-cap, etc.

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Wednesday August 12, 12:46 PM

Millennium Bug Claims Early Victim

Preparing to cope with the millennium bug has taken its toll on the profits of retirement homes operator Westminster
Healthcare.

The group blamed an 11% profits drop on the cost of installing computer systems able to cope with the year 2000,
together with low margins in the nursing homes sector,

In the year to May 31 pre-tax profits before exceptionals fell to œ16.1 million against œ18.1 million last year.
However turnover was up nearly a third to œ145.1 million, from œ110.5 million last year.
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