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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Steve Sanchez who wrote (22481)8/21/1998 10:08:00 AM
From: John Mansfield  Read Replies (1) of 31646
 
INTERESTING! - yardeni.com - Friday (banking):

Yardeni:

Rough transcript - some issues:

' More corporate disclosures needed.... disappointed with the information issued. SEC now expects more detailed disclosures.

' Chairman SEC quoted: Y2k is number one issue for the SEC

sec.gov : lots of testimonies etc.

Needed in disclosures:
-State of the companies readiness
-Costs
-Risks
-Contingency plans

'Lots of new disclosures expected after summer'

Ann Coufou (Giga Group):

'1000 disclosures taken from database; and investigated:
- eye opening experience: SEC did not want to see boilerplate information.
- easy to see what companies used the same law firms; because they used the same boilerplates.
- with new guidelines from the SEC: now also
- embedded systems ('non IT systems')
- contingency planning
- costs
have to be mentioned explicitly
- now pulling the 10Q's off the database; and looking at what is happening at companies.
- now expecting to see significant changes in corporate reports.

'It is going to force companies which have done nothing to start doing something'
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