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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (6121)	6/24/1999 10:19:00 AM
From: Howard Clark	Read Replies (3) \| Respond to of 9818

Another Y2K investors survey: 2000 WORRIES: 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. 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. Here's the link for those who subscribe to WSJ interactive, but the above is the entirety of the Y2K-related portion of the article. interactive.wsj.com

To: flatsville who wrote (6121)	6/24/1999 12:12:00 PM
From: C.K. Houston	Read Replies (2) \| Respond to of 9818

I pulled a few surveys together in one place. ====================================================== 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 ... 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 Not a survey, but worth being included to see overall pattern. 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