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Technology Stocks : Discuss Year 2000 Issues

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To: Bill Ounce who wrote (2744)	10/28/1998 9:52:00 AM
From: Bill Ounce	Read Replies (1) of 9818

NYSE glitch no big deal, some say This isn't a Y2K problem, but should be like potential future ones... computerworld.com [...] One trader did find yesterday's glitch troubling, though. "It's a little unnerving when the system goes down," said Don Mathison, head stock trader at D.E. Shaw Securities. There was a "trading hole. You want to buy and sell, and the New York Stock Exchange unexpectedly closes ... I wouldn't call this nothing or not a big deal." Although the NYSE was up and running relatively quickly, Mathison said the outage leaves a cloud over the trading floor. "It's bad for the market ... it undermines the confidence of investors during this time period," he said.

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