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Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable? -- Ignore unavailable to you. Want to Upgrade?

To: C.K. Houston who wrote (52)	6/24/1999 11:55:00 AM
From: C.K. Houston	Respond to of 158

More than 10% of mutual-fund investors say they plan to cash out of their funds by year end because of year-2000 computer-glitch concerns, according to a study released Wednesday [June 23, 1999]. In the survey of 1,000 mutual-fund shareholders, two marketing companies found that 39% of investors were highly concerned about the impact of Y2K computer issues, while 14% said they will sell shares by December because of their concerns. Most people are keeping their concerns about year-2000 problems under control, though. Sixty percent of survey participants said they were only "slightly" concerned or "not concerned" about the Y2K issue, though 16% of those investors said they would check their investments more frequently toward the end of the year. Participants had $5,000 or more in mutual-fund assets outside a tax-deferred account, and they ranged in age from 45 to 65 years old, according to DeRemer Associates and Prince & Associates. interactive.wsj.com WSJ - Registration Reqd May 9, 1999 US ASSET-BACKED Q4 VOLUME MAY BE BITTEN BY Y2K BUG A growing number of U.S. asset-backed players are considering STAYING OUT OF THE FOURTH-QUARTER MARKET for fear of exposure to a year-end bug ... Message 9543907 REUTERS FDIC SURVEY: Y2K and The Banking Industry - Baseline Survey Report - 62% will definitely or probably withdraw some extra cash. - 14% will definitely or probably withdraw ALL deposits. fdic.gov Pick a poll, any poll. This one: gallup.com Or maybe this one: cnn.com Or perhaps this one: sciencedaily.com Your choice. They ALL say that (X%) people plan to pull out "a little extra" money or (Y%) all of it before 12/31/99. Ken Seger Cheryl

To: C.K. Houston who wrote (52)	6/24/1999 12:02:00 PM
From: C.K. Houston	Read Replies (2) \| Respond to of 158

SEC PONDERS YEAR 2000 A commissioner for the Securities and Exchange Commission (SEC) today said the agency has proposed a year 2000 operation capability rule. The rule would require brokerages to verify their year 2000 readiness by Oct. 15 OR RISK BEING SHUT DOWN. computerworld.com June 23, 1999 Apparent response to ... MORE FINANCIAL SERVICES FIRMS MISS SEC Y2K DEADLINE A Securities and Exchange Commission (SEC) official confirmed ... that the agency is considering fining several financial services companies that have missed a recent Y2K status disclosure filing deadline ... In fact, a number of broker-dealers and transfer agents have missed the May 30, 1999 filing deadline ... The commission is now deciding if any further actions will be taken against the unnamed companies, Addleman also said ... Several federal government agencies, meantime, have joined to put together a communications kit that will reportedly help securities firms, stock exchanges, regulators and even the media to provide the public with details of the financial services industry's battle against the Y2K Problem. The President's Council on Year 2000 Conversion, the Securities and Exchange Commission (SEC), the National Association of Securities Dealers (NASD) and the Securities Industry Association (SIA) have published the "Year 2000 Investors Kit." In the kit, investors are advised: ... newsbytes.com June 13, 1999 UPDATE July 24, 1999 currents.net ========================================================= SEC Y2K COMPANY DATABASE sec.gov Cheryl