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Non-Tech : CAT-Caterpillar
CAT 585.69+11.6%Oct 29 3:59 PM EDT
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To: Patrick J. Saunders who wrote (78)2/1/1999 1:20:00 PM
From: Chip Anderson  Read Replies (1) of 110
 
I've read CAT's Y2K statement on their website, but I'm still plenty nervous. I expect news of some large-caps having actual Y2K problems will start to hit the market sometime in March. From a purely stereotypical standpoint, CAT seems like a classic company that would have problems (i.e., under profit pressure, lots of older technology, unknown IT capabilities, etc.). OR (maybe more importantly) might be _perceived_ as having problems. Does anyone agree or disagree? Does anyone have first or second-hand knowledge of the state of CAT's IT infrastructure?

I'm holding CAT as part of a "Dogs of the Dow" portfolio and am obviously worried that "weak industrial large-caps" (which the strategy targets) are the ones most exposed to Y2K issues.

Thanks in advance,
Chip
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