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

To: C.K. Houston who wrote (8417)	8/26/1999 12:03:00 AM
From: C.K. Houston	Respond to of 9818

Y2K: Going Once, Going Twice Frankfurt--Aug. 24--A German citizen has secured the rights to the brand name "Y2K" and is putting them up for auction on Ebay with a reserve price of $1.6 million (3 million Deutsche marks). The Munich-based German Patent Office today confirmed that the unnamed person bought the right to put the name "Y2K" on virtually any consumer good sold in Germany for a registration fee of $618 (1,150 Deutsche marks). Under patent numbers 39843267 and 39801394, the person secured the right to use the brand name for goods such as perfume, makeup, jewelry, clothing, software, games, toys, and beverages. Service companies, research institutions, restaurants, and hotels are also not allowed to use "Y2K" as a brand name, the Patent Office says. However, the agency would not rule out legal battles over the use of the brand name in individual cases. No bids have been submitted so far on Ebay's website. businessweek.com

To: C.K. Houston who wrote (8417)	8/27/1999 7:44:00 AM
From: Rarebird	Respond to of 9818

To: Jon Matz (43177 ) From: Gersh Friday, Aug 27 1999 2:13AM ET Reply # of 43225 Hi Jon .. Thought that I'd answer this one .. The major damages that will result from Y2K will not be from hardware or software failure. Damage will take place from the impact of the majority of people taking slight precautions just in case. Little things like .. 60% of stock owners increasing their cash by 10%. 60% of the general population taking some cash out just in case. According to a survey done for the Federal Reserve 6% of people will grab every penny they can in cash before 1/1/00. They intend to cash in every thing they can. stocks .. bonds .. credit cards .. six percent here .. ten there .. One of the problems is that there isn't that much cash in existence. When was the last time that the banks said "sorry .. we don't have any more money left?" What was the reaction? We are still talking about humans, correct? Run on brokerages .. yes that would contribute. FWIW Gersh