Hmmm - possible shorts?
Among the 50 largest nonfinancial corporations in America (by revenues), three companies -- Wal Mart, Intel, and Conagra -- received a Weiss Y2K Rating of "low," indicating potentially serious delays in fixing their computer systems for the year 2000.
And - Intel / Japan techweb.com
Meanwhile, 11 of the 50 largest companies received a Y2K rating of "below average." These included America's two largest corporations, General Motors and Ford, as well as Texaco, Chevron, Bell Atlantic, Motorola, PepsiCo, Kroger Company, SBC Communications, United Technologies, and Compaq.
egroups.com
Utility situation pretty bad.
"I'm particularly concerned about the utilities and telecommunications industries, not only because they are essential to our everyday lives, but also because the majority of the companies in these industries tend to be lagging behind," said Dr. Weiss.
Among the 61 electric and gas utilities receiving a Weiss Y2K Rating, 69% received "below average" or "low" Y2K grades, while only 5% received "high" ratings. Among 19 telecommunications firms rated, 68% received "below average" or "low" grades, with none receiving a "high" grade.
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