Ted, Janice and all....
Found something I think you'll like..........GTCI
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Message 7575614
Just finished testing GlobalFix 2000 this afternoon. It's a rather small program (807K). It is not a "fix-all silver bullet". It's documentation clearly states that it does not check software (applications) for Y2k problem. (I don't think there is a Y2k solution that can effectively check software anyway. There are so many software out there. There is no way to predict which software a user may have installed in his PC and it is impossible to write "ONE" program that works on all the software.)
Installation was smooth. User interface is well designed so it should be easy for anyone to use. The only part that requires some patience is the "Power-Off Tests". You have to turn the computer off and reboot it at least 8 times to check 8 difference "Roll-Over" date. In my case I had to do it 9 times since I defined a customer "Roll-Over" date. (Besides my obvious interest in the stock, this customized test was one of the main reason I tried this GlobalFix 2000, as explained in next paragraph.) The whole process took about 20 minutes and no problem was found in my PC.
Now about the "customized test". In my post #244
(https://www.siliconinvestor.com/readmsg.aspx?msgid=7235933 ), I reported that I observed a Y2K problem. Although I mentioned that I reported the problem to both Netscape and NDB, implying that I was not sure whether the problem was caused by Netscape browser or NDB, somehow NDB knew about that post. In his email reply, their network manager was angry that I posted that (post #244) on SI. He accused me of lying. I wrote back telling him that I like NDB and always recommend it to my friends. I have no intention to do any harm to NDB. I pointed out that all he had to do is to set the time in his PC to a date after year 2000 (I gave him several dates that I tested), and use Netscape (explorer won't give detailed error message) to do a customer login on www.ndb.com to find out that I was not lying. He never wrote me back after that. After further testing, I found that the "Roll-Over" date for this particular problem was Jan. 18, 2038. That is, when I set my computer clock to Jan. 18, 2038, and then login to NDB, the error message I got shows the server recognizes my date correctly. But if I set the clock to Jan 19, 2038 (or any date after that), the server fails to recognize the date, it says my clock is "Dec 31, 1969". So when I use GlobalFix 200 today, I defined a customer "Roll-Over" date: Jan. 18, 2038 and my computer passed that test. So I guess the problem is either the browser or NDB server.
Again to be fair to NDB: I feel more assured after my own test that NDB won't have any problem handling my account on year 2000. Even if the Y2k problem I found is in NDB's server, it will only show up after Jan 18, 2038. By that time, most of us won't be around anyway.
yongzhi
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wallstreetresearch.net
Y2K Bugfix Software Solution:
GTCI has entered into an exclusive licensing/marketing agreement to provide GTCI's Year 2000 (Y2K) Bugfix solution through Shenzen Global Net. The company has engaged Viacor Industries to develop its Y2K Bugfix solution specifically tailored to the PC market. This Y2K solution is one of the most user friendly on the market today and has a multitude of software versions and features, including a clean and simple interface real mode device driver and an uninstall feature.
The Chinese State Council has mandated that all government agencies and government-owned enterprises have all systems revised and all millennium bug tests completed by September 1999. The State Council has ordered 18 government departments and ministries to send monthly reports on their progress toward upgrading systems.
China's metal industry illustrates the extent of potential Y2K problems. The China Metallurgical Industry Bureau reports that 20,000 of the 28,000 computers used in the industry, or 71 percent, are threatened by Y2K problems. The PC market in China alone totals 10 million computers, all of which must address the millennium bug.
GTCI enjoys relationships with and is negotiating with several Chinese Government Agencies to supply its Y2K solutions. In addition, GTCI has entered into an agreement t acquire 51% of Pacific Assets International Ltd. The acquisition is part of a Joint Venture giving PAI exclusive franchise rights to market the company's Y2K software solutions to financial institutions and their clients throughout Asia excluding China.
Principals of PAI have extensive contacts and strong ties with the Asia Pacific banking community, including the Association of Development Financing Institutions in Asia and the Pacific, which encompasses 78 development banks in 33 countries with members and clients exceeding eight million. Additional contacts include the Asian Bankers Association (ABA) and other banking associations in the region. The same principals of PAI annually organize the Asia Pacific Bankers Congress, the Asian Banking Awards and the Asian Banking Digest. PAI is in the process of setting up Internet and information technology business relationships for bankers worldwide. Included are a banking/financial search engine, information mall and a comprehensive business library.
The strategic relationship between GTCI and PAI will focus on information technology and e-commerce for Asian Bankers and their clients. This will allow GTCI to have a significant foothold in an explosive market. From nearly zero last year, on-line e-commerce will top $15 Billion by 2002. Taking into account the sizable amount of transactions among manufacturers and suppliers, this number could increase tenfold. PAI intends to establish its banking/commerce search engine to be a major Internet portal in that region to facilitate trade and e-commerce.
GTCI has teamed with Veronex Technologies Inc. to pursue business opportunities together in Asia. GTCI will market Veronex's proprietary I/NOVA System, which offers a complete end to end solution for renovation, repair and testing of any mainframe system requiring Y2K compliance. The I/NOVA System will broaden GTCI's Y2K solutions services to the mainframe computer market and will be marketed through the Shenzhen Global Net and PAI Joint Ventures.
Some estimates put the total global cost of fixing the Y2K problems at U.S. $1.4 trillion. In other words, twice the combined costs of the Vietnam War, the 1995 Kobe and 1994 L. A. earthquakes, and Hurricane Andrew, according to the Organization for Economic Cooperation and Development. The Y2K problem in Asia is particularly critical due to the lack of preparedness both by the governments and businesses. It is reported that more than 65% of the companies in Asia are just starting to address the issue and they will have to resolve the problems far beyond 2000.
GTCI, with its established strategic relationships in Asia and complete system integration solutions to the Y2K problem, will undoubtedly be able to capture a substantial piece of the market. Also, this will position GTCI to become a significant and possibly even dominant player in the IT, e-commerce sector in the future.
GTCI, with estimated 1999 earnings of $ .69 per share and year 2000 earnings of $1.10, is extremely undervalued and offers substantial price appreciation potential! Using a price earnings ratio (PE) of 15 to 20 x projected earnings, we forecast a near term price target of $5.00 to $8.00 by August, 1999 and a longer term price target of $18.00 to $25.00 by December, 2000.
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My response
Message 7752935
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